Where to send Liles??

[armche123]

Just thought this would help...  :

 

[armche123]

FWIW: I think there is demand for a player like Liles in the NHL, and don't understand why we are even discussing a buyout instead of a trade...

 

[Guru Tugginmypuddah]

Send him to the store to get some milk and hope he never comes back?

 

[WhatIfGodWasALeaf]

FWIW: I think there is demand for a player like Liles in the NHL, and don't understand why we are even discussing a buyout instead of a trade...

FWIW: If there was a significant trade market for JML, I suspect he'd be gone by now.

 

[Leafaholic99]

Send him to the store to get some milk and hope he never comes back?

Lmao, if only it were that easy.

 

[bustaheims]

FWIW: I think there is demand for a player like Liles in the NHL, and don't understand why we are even discussing a buyout instead of a trade...

FWIW: If there was a significant trade market for JML, I suspect he'd be gone by now.

FWIW: You don't move Liles until you're actually close to signing/acquiring a replacement and actually need the roster spot and cap space, rather than theoretically need it. Liles not having been moved yet is more likely an indication of the lack of progress in negotiations with Franson than his value on the trade market.

 

[Kin]

FWIW: I think there is demand for a player like Liles in the NHL, and don't understand why we are even discussing a buyout instead of a trade...

FWIW: If there was a significant trade market for JML, I suspect he'd be gone by now.

Yeah, I don't know what would prompt that though. Unless Franson is signed Liles has real value to the Leafs. Yeah, I mean, you're probably right that there is no "significant" trade market for Liles in the sense that they're unlikely to get back anything that would help the team immediately or where you'd say "Wow, what a great trade" but absent that being patient with dealing Liles makes a lot of sense while things are still uncertain.

 

[WhatIfGodWasALeaf]

Yeah, you're probably right, I suspect though that he'll be bought out before the end of the week.

 

[Zee]

Yeah, you're probably right, I suspect though that he'll be bought out before the end of the week.

Is there a deadline they need to buy him out by?

 

[WhatIfGodWasALeaf]

Yeah, you're probably right, I suspect though that he'll be bought out before the end of the week.

Is there a deadline they need to buy him out by?

I believe the second buyout window opens about 48 hours from now, I'm not sure when it closes, but I doubt it'd be open for very long.

 

[armche123]

Some media info...

http://www.sportsnet.ca/hockey/nhl/teams/toronto-maple-leafs/alter-will-fraser-signing-push-out-liles/

 

[Redleaf]

Some media info...

http://www.sportsnet.ca/hockey/nhl/teams/toronto-maple-leafs/alter-will-fraser-signing-push-out-liles/

So a buy out would have to happen by Aug 4th, and the cap hit to the team would be $1,291,666.67 annually for the next six years. Yikes. I guess the only good thing about adding that onto the annual cap hit would be that Tucker and Co. are finally coming off the books?

Edit: By the time Liles comes off the books we'll need the space for the Clarkson buyout?

 

[Corn Flake]

Edit: By the time Liles comes off the books we'll need the space for the Clarkson buyout?

 

[Zee]

Some media info...

http://www.sportsnet.ca/hockey/nhl/teams/toronto-maple-leafs/alter-will-fraser-signing-push-out-liles/

So a buy out would have to happen by Aug 4th, and the cap hit to the team would be $1,291,666.67 annually for the next six years. Yikes. I guess the only good thing about adding that onto the annual cap hit would be that Tucker and Co. are finally coming off the books?

Edit: By the time Liles comes off the books we'll need the space for the Clarkson buyout?

I don't know if that article writer is correct, because capgeek has a different look on a Liles buyout.  I know people usually consult capgeek so here's the details:

 

[bustaheims]

So a buy out would have to happen by Aug 4th, and the cap hit to the team would be $1,291,666.67 annually for the next six years. Yikes. I guess the only good thing about adding that onto the annual cap hit would be that Tucker and Co. are finally coming off the books?

Edit: By the time Liles comes off the books we'll need the space for the Clarkson buyout?

Those buyout numbers are wrong and come from another media member not doing the smidgen of extra fact checking he needed to do. Heck, all he really had to do was visit capgeek. These are the real buyout numbers:

2013-14: $875,000
2014-15: $875,000
2015-16: $2,375,000
2016-17: $1,250,000
2017-18: $1,250,000
2018-19: $1,250,000

This season's woudl leave the Leafs with over $3M in dead cap space. Next season's wouldn't be so bad, but, the 15/16 cap hit is pretty significant and could be an issue.

 

[Zee]

So a buy out would have to happen by Aug 4th, and the cap hit to the team would be $1,291,666.67 annually for the next six years. Yikes. I guess the only good thing about adding that onto the annual cap hit would be that Tucker and Co. are finally coming off the books?

Edit: By the time Liles comes off the books we'll need the space for the Clarkson buyout?

Those buyout numbers are wrong and come from another media member not doing the smidgen of extra fact checking he needed to do. Heck, all he really had to do was visit capgeek. These are the real buyout numbers:

2013-14: $875,000
2014-15: $875,000
2015-16: $2,375,000
2016-17: $1,250,000
2017-18: $1,250,000
2018-19: $1,250,000

This season's woudl leave the Leafs with over $3M in dead cap space. Next season's wouldn't be so bad, but, the 15/16 cap hit is pretty significant and could be an issue.

That 15/16 cap hit is no worse than the current $2.5M against the Leafs cap this season so it's doable. In fact if the cap goes up as many have suggested it won't seem that significant at all.

I mean it's "significant" in that 2.375M is nothing to sneeze at but it would actually be a lower percentage against the cap than the current dead cap money on the books this season.

 

[bustaheims]

I mean it's "significant" in that 2.375M is nothing to sneeze at but it would actually be a lower percentage against the cap than the current dead cap money on the books this season.

Yes, and that current level of dead cap space, which represents 4 contracts instead of just one, is a significant factor in the team's current cap predicament. If the Leafs were to buyout anyone else, bury any other contracts over the league minimum + $375K or make any other retained salary transactions, they'd be risking putting themselves in the same position they are now.

 

[Redleaf]

That 15/16 cap hit is no worse than the current $2.5M against the Leafs cap this season so it's doable. In fact if the cap goes up as many have suggested it won't seem that significant at all.

It's not unmanageable, but, it would also mean any other buyouts, buried contracts or retained salary transactions are likely put the Leafs well above $3M in dead cap space, and, unless the cap jumps really significantly in the next couple years, that's still excessive to the point where it could cost the team in terms of being able to add or even retain talent.

Is there a limit to the amount of dead cap space a team is allowed to carry? I mean a bad GM could do some real damage to the future of a franchise if half their cap space was being used up with nothing to show for it on the ice?

 

[Corn Flake]

I mean it's "significant" in that 2.375M is nothing to sneeze at but it would actually be a lower percentage against the cap than the current dead cap money on the books this season.

Yes, and that current level of dead cap space, which represents 4 contracts instead of just one, is a significant factor in the team's current cap predicament. If the Leafs were to buyout anyone else, bury any other contracts over the league minimum + $375K or make any other retained salary transactions, they'd be risking putting themselves in the same position they are now.

I'm starting to feel like we are the Flyers or something here.

 

[bustaheims]

Is there a limit to the amount of dead cap space a team is allowed to carry? I mean a bad GM could do some real damage to the future of a franchise if half their cap space was being used up with nothing to show for it on the ice?

The only limit is that teams can only have 3 contracts split between teams as a result of a retained salary transaction. Other than that, the only other limits are the cap ceiling, the reserve list and the roster minimums/maximums.