2019 Carolina Hurricanes Off Season Thread
- Thread starter jeffbear
- Start date
CanadaCanes
Well-known member
Jwilly seems like the type that will allow his wife and kids to have as much to say about his return as he will, maybe more! I'd still like to believe that he sees a very good Canes team coming off an excellent playoff run and a chance to really go out in style with one more year and one more playoff run here in Carolina. I'm going to say by August 1st we will have a final decision from Williams and that will give Waddell and company time to finalize the roster once and for all.
I'd imagine Willie's decision isn't going to be a big impact on what they do between now and camp. If they feel like they've got a number of guys that need a chance to make the jump, they're probably OK with those guys getting a shot. I guess I don't see them making any significant move if/because he decides to hang them up. Plus, I'd be surprised if the management doesn't have a pretty good read on where he is on things. I think they've made the moves they think they need to put us in position to have him or not have him on the ice this season. I don't see them signing some other top 6 vet to replace him, and I don't think they have a slot to sign another bottom 6 guy if they want guys in the system to have a slot to compete for.
I’m still trying to figure out how to get Williams in under the cap. CapFriendly shows the Canes with $4.6 million of cap space with 13 forwards, 7 dmen and 2 goalies. Bishop and Gibbons are among the forwards, take them out and we have $6.0, but only 11 forwards. Add McGinn at $2, and we have $4 million left. We can gain another $863k by sending Necas down, so now we have almost $4.9 million left for Williams. His actual last year was $4 million. Unless he’s going to take the same, or McGinn signs for less than Martinook, we can’t carry 13 forwards.
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Elsker
Well-known member
Since Williams is a 35+ player then easily-achieved performance bonuses could be incorporated with a lower base salary to get him to the dollar figure they agree upon.
My understanding of how that works versus the cap is that if the performance bonuses are activated next season they count against the following season's cap which would be post-Marleau buyout and pre-Svechnikov's RFA contract hit the season after that.
Also, looking at the roster, with the addition of Haula and Dzingel, someone is going to have to go if Williams is on board. And that someone might be McGinn. His value ratios are going to look different post-arbitration than they did last season.
How bad is the reimer buyout (if we can do it after an aribtration award and with the bonus implications)? Does that buy us much more room (if they decided to go in that direction)
CanadaCanes
Well-known member
I’m still not 100% convinced that Reimer stays at $3.5 million and that is still an option to move out if Williams comes back and cap space is tight. Not that Reimer is an easy contract to move at $3.5 million but he still seems like a luxury at that price as a 25-30 game backup for the Canes.
I went back and looked at old posts on Reimer and the buyout sitaution. Basically, if they did buy him out, our cap hit next year is 958K (saving a little over 2.4M). The following year it jumps to 3.2M (but we are out of the Marleau deal). Then goes down to 650K or so the last 2 years.....
cmaleski2
Well-known member
We cannot buy out Reimer's contract as part of the arbitration window. Let me explain why....
To be eligible for an arbitration buyout, all of the following must be true (CBA 11.18):
1) The club must have more than one arbitration hearing (check, we have 2)
2) The club is NOT entitled to exercise an ordinary course buy-out outside of the regular period for:
* (i) any Player who was not on the Club's Reserve List as of the most recent Trade Deadline
--- that right there excludes Reimer from an arbitration buyout.
Just for everyone's knowledge, there is a 2nd 'NOT' clause
(ii) any Player with an Averaged Amount less than $2,750,000. The dollar amount of $2,750,000 set forth in this Section 11.18 shall be increased on an annual basis at the same percentage rate of annual increase as the Average League Salary, with the first such increase occurring based upon a comparison of the 2014/15 Average League Salary to the 2013/14 Average League Salary.
This is not going to be an exact science with escalators used by the NHLPA...
The salary cap for 2013/14 was $64.3 million.
14/15 it was $69.0 million (7.3% increase), raising $2,7500,000 to $2,950,750
15/16 it was $71.4 million (3.5% increase), raising $2,950,750 to $3,054,026
16/17 it was $73.0 million (2.2% increase), raising $3,054,026 to $3,121,215
17/18 it was $75.0 million (2.7% increase), raising $3.121,215 to $3,205,488
18/19 its $79.5 million (6.0% increase), raising $3,205,488 to $3,397,817
So in theory, Reimer's $3.4 million AAV would fit just barely above the threshold for minimum AAV required for arbitration buyouts. But that doesn't matter because you cannot buyout a player in the arbitration period who was not on your reserve list at the most recent (last season's) trade deadline.
So no need to ponder if the Canes will take advantage of the arbitration buyout window and buy out Reimer, they cannot per 11.18 of the current CBA.
To be eligible for an arbitration buyout, all of the following must be true (CBA 11.18):
1) The club must have more than one arbitration hearing (check, we have 2)
2) The club is NOT entitled to exercise an ordinary course buy-out outside of the regular period for:
* (i) any Player who was not on the Club's Reserve List as of the most recent Trade Deadline
--- that right there excludes Reimer from an arbitration buyout.
Just for everyone's knowledge, there is a 2nd 'NOT' clause
(ii) any Player with an Averaged Amount less than $2,750,000. The dollar amount of $2,750,000 set forth in this Section 11.18 shall be increased on an annual basis at the same percentage rate of annual increase as the Average League Salary, with the first such increase occurring based upon a comparison of the 2014/15 Average League Salary to the 2013/14 Average League Salary.
This is not going to be an exact science with escalators used by the NHLPA...
The salary cap for 2013/14 was $64.3 million.
14/15 it was $69.0 million (7.3% increase), raising $2,7500,000 to $2,950,750
15/16 it was $71.4 million (3.5% increase), raising $2,950,750 to $3,054,026
16/17 it was $73.0 million (2.2% increase), raising $3,054,026 to $3,121,215
17/18 it was $75.0 million (2.7% increase), raising $3.121,215 to $3,205,488
18/19 its $79.5 million (6.0% increase), raising $3,205,488 to $3,397,817
So in theory, Reimer's $3.4 million AAV would fit just barely above the threshold for minimum AAV required for arbitration buyouts. But that doesn't matter because you cannot buyout a player in the arbitration period who was not on your reserve list at the most recent (last season's) trade deadline.
So no need to ponder if the Canes will take advantage of the arbitration buyout window and buy out Reimer, they cannot per 11.18 of the current CBA.
Thank you
I’ve seen comparisons to Perry’s contract with Dallas as a model for what the Canes can do with Williams. Perry has a $1.5 million base salary/cap hit and $1.75 million in bonuses. For example, he earns a $250k bonus at 10, 20, 30, 40 and 50 games played. Don’t those bonuses have to get added into the cap hit at each milestone reached? How can they count against next year’s cap if the player isn’t under contract and the payout occurred in the previous regular season?
https://www.capfriendly.com/players/corey-perry
Elsker
Well-known member
Having looked into this a bit further, performance bonuses are allowed for only three categories of players and one is 35+ aged players on a one-year contract (prevents front-loading a multi-year contract). The other two instances involve ELC's and a player coming off an injury (must have 400+ games and been on long-term injury for 100+ days during previous season on last year of their contract).
You are correct that the bonuses apply against the current season's cap. However, to the extent those triggered performance bonuses exceed the current season's cap, the difference rolls over to the next season and applies against that season's cap.
And you get a "Cap Cushion" for bonuses ---if you count all potential bonuses, you can exceed the cap by 7.5% (about 6.1M). If you do end up exceeding CAP due to bonuses, as Elsker says, that "excess" counts against your next year's cap.
So, I think they have the flexibility to sign Justin to a bonus heavy contract like Perry got.
bagopux
Well-known member
Accounting.
The Cherkers added 3 players on AHL deals yesterday. Derek Sheppard returns to Charlotte having signed an AHL contract in the middle of last season. He spent most of the season with the Everbaldes and was on the all-rookie team and a 2nd team all-star. Prior to turning pro, he was chief of neurosurgery at Sloan-Grey Memorial Hospital in Seattle.
Forward Hunter Shinkaruk played for Laval last season. He was a 2013 first rounder who has only played 15 NHL games. Forward Colin Markison spent the last 2 seasons with the Texas Stars after spending the previous 3 with Bridgeport.
http://gocheckers.com/articles/tran...ter-shinkurak-and-colin-markison-to-ahl-deals
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Forward Hunter Shinkaruk played for Laval last season. He was a 2013 first rounder who has only played 15 NHL games. Forward Colin Markison spent the last 2 seasons with the Texas Stars after spending the previous 3 with Bridgeport.
http://gocheckers.com/articles/tran...ter-shinkurak-and-colin-markison-to-ahl-deals
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perfectstormhits
Well-known member
Yeah, I knew that chief of neurosurgery sounded a bit off.