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Luongo Extends With The Canucks


Dintrox12

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Win the cup... ? with the canucks? :lol:

That would be a first!

The Canucks went from 5th in the northwest in 07 - 08 to 1st last year and made it to the second round. They have added to there D in the last week or so adding Lukowich, Ehroff, and Schneider. They still have Salo , Bieksa, and Mitchell so there D is pretty good.

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TSN is saying for 12 years... Jeez.

:blink::blink:

so he'll be 43 when the contract is up (30 years old + 1 year left on current + 12 year extension).

Good lord. Unless his "discount" was to play for like $2m a year, this seems like a very short sighted move on vancouver's part. A cap hit of like $6m a year when he's 42/43 is going to be horrible.

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:blink::blink:

so he'll be 43 when the contract is up (30 years old + 1 year left on current + 12 year extension).

Good lord. Unless his "discount" was to play for like $2m a year, this seems like a very short sighted move on vancouver's part. A cap hit of like $6m a year when he's 42/43 is going to be horrible.

TSN says 64 M$ over 12 years, or in other words a 5.33 M$ hit per year.

To be honest, though, I don't think this deal is too bad. I know that that cap hit at 43 sounds crazy, but my understanding is that since he signed this contract under age 35 he can retire at any time and the Canucks won't have to count it against their cap limit.

Also, it seems that goalies, at least really good goalies, seem to be able to play at a high level for a little longer than skaters can. Hasek, Kolzig, Khabibulin, Brodeur... these are a few recent examples right off the top of my head that seemed to be able to keep a high level of play near or into their 40s. For skaters, we've got...Lidstrom? Selanne, maybe? I don't know what it is, but it seems a bigger percentage of goalies play longer when compared to skaters.

Not to mention Luongo has a lot of pride. I can see him retiring if his play starts to deteriorate.

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2010-2011: 10 millions

2011-2012: 6.716 millions

2012-2018: 6.714 millions

2018-2019: 3.382 millions

2019-2020: 1.618 million

2020-2021 1 million

2021-2022 1 million

Chearper at the end of his career but still a ridiculous contract...2022... :rolleyes:

well, his bankers gonna be quite happy.

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LoL

The man has pocketed 64 million

Isnt this the same guy who claimed he is going to quit the league when the decide to make the nets bigger..

And yes i can see that happening, as luongo is a beast.. They should make the nets porpotionate to the goalie.

Meaning the net should be a bit bigger for luongo, and smaller for smaller goalies..

How about that..

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TSN says 64 M$ over 12 years, or in other words a 5.33 M$ hit per year.

To be honest, though, I don't think this deal is too bad. I know that that cap hit at 43 sounds crazy, but my understanding is that since he signed this contract under age 35 he can retire at any time and the Canucks won't have to count it against their cap limit.

Also, it seems that goalies, at least really good goalies, seem to be able to play at a high level for a little longer than skaters can. Hasek, Kolzig, Khabibulin, Brodeur... these are a few recent examples right off the top of my head that seemed to be able to keep a high level of play near or into their 40s. For skaters, we've got...Lidstrom? Selanne, maybe? I don't know what it is, but it seems a bigger percentage of goalies play longer when compared to skaters.

Not to mention Luongo has a lot of pride. I can see him retiring if his play starts to deteriorate.

I know proponents of the trade are going to point to the 35/retire thing & its a valid point - but - its still a crazy contract & that only applies if the player in question chooses to retire. You mention he is competitive thus he might retire if he cant keep up - but more often than not its those kinds of guys who wont retire when its apparent to everyone else in the league they should.

Obviously, time will tell, but imho this is a bad contract & while the canucks will profit for the next 4 or 5 years, it will hang like a noose in about 8...and continue to do so for 4 more years after that.

2010-2011: 10 millions

2011-2012: 6.716 millions

2012-2018: 6.714 millions

2018-2019: 3.382 millions

2019-2020: 1.618 million

2020-2021 1 million

2021-2022 1 million

Chearper at the end of his career but still a ridiculous contract...2022... :rolleyes:

From a team payout standpoint, yes- but the same cap hit when he's 30 as when he's 43. Crazy.

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The price I think is fair considering Brodeur is making $5,200,000 for the next 3 years.

But this is an exception, not the norm. Plus Brodeur is still only 37. He's 5 years younger now than Luongo will be when his contract ends - AND - we know how brodeur is playing as a 37 year old. We do NOT know how Luongo is going to play. Look how many injuries Hasek had when he was 40 and beyond. You have $5+m tied up in your goalie & he goes down every 10 games because of a groin pull & you're in trouble. you cant afford a backup that is a top tier goalie.

Its just a bad deal imho - just wait & see.

I think it's a good deal for Vancouver. The duration is pretty crazy, but the cap hit is reasonable considering his present age and his quality as a goaltender. Like someone else mentioned, top-tier goaltenders seem to be able to play into their 40s a little more than skaters can, anyway.

I disagree.

Plenty of "top tier" goalies play well at 35, 36, 37 but how many command a cap hit of $5m when they are 43? Hasek was a walking accident - brodeur, who has been mentioned in this thread already - is only 37.

Someone show me a 42 or 43 year old goalie who played 'elite' and didnt get injured all the time.

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LoL

The man has pocketed 64 million

Isnt this the same guy who claimed he is going to quit the league when the decide to make the nets bigger..

And yes i can see that happening, as luongo is a beast.. They should make the nets porpotionate to the goalie.

Meaning the net should be a bit bigger for luongo, and smaller for smaller goalies..

How about that..

Horrible idea,

Horrible contract for the Canucks

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:blink::blink:

so he'll be 43 when the contract is up (30 years old + 1 year left on current + 12 year extension).

Good lord. Unless his "discount" was to play for like $2m a year, this seems like a very short sighted move on vancouver's part. A cap hit of like $6m a year when he's 42/43 is going to be horrible.

lol old man luongo in nets

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As already reported,,,,this is what is known as a front loaded contract that helps the Nucks get around the Cap issue. He gets most of his money in the early years and most likely retires 3 to 5 years before it expires. I have a feeling that contracts like this will be a strong negotiation point on the next CBA. When you consider weaker teams dont have the bucks to pay a guy 10 mill up front early on,,,,this puts the small market teams at a disadvantage and i'm willing to bet they'll be complaining strongly about it.

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:blink::blink:

so he'll be 43 when the contract is up (30 years old + 1 year left on current + 12 year extension).

Good lord. Unless his "discount" was to play for like $2m a year, this seems like a very short sighted move on vancouver's part. A cap hit of like $6m a year when he's 42/43 is going to be horrible.

Theres no way he has any intention of finishing that contract. I wouldn't be surprised if this is how it goes.

Gillis: So we'll give you a 12 year deal.

Luongo: Ok, so until I'm 43?

Gillis: Yes, you thinking you'll be able to play that long?

Luongo: I don't know thats pretty old.

Gillis: Well if you can't do it, then we can't give you the huge frontload. So we need to make sure you have every intention of playing 12 years" wink wink".

Luongo: Of course I do "wink wink".

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I know proponents of the trade are going to point to the 35/retire thing & its a valid point - but - its still a crazy contract & that only applies if the player in question chooses to retire. You mention he is competitive thus he might retire if he cant keep up - but more often than not its those kinds of guys who wont retire when its apparent to everyone else in the league they should.

But he's only making 1 million or so past 40, so if he doesn't retire just bury him in the minors: only costs you a million.

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I disagree.

Plenty of "top tier" goalies play well at 35, 36, 37 but how many command a cap hit of $5m when they are 43? Hasek was a walking accident - brodeur, who has been mentioned in this thread already - is only 37.

Someone show me a 42 or 43 year old goalie who played 'elite' and didnt get injured all the time.

Valid points, for sure. And you're right, Hasek's really the only goalie I can think of that I'd call 'elite' that played well into his 40s and he did get injured pretty consistantly. Had he not gotten injured that one time at the Olympics, though, who's to say how long he'd have lasted? It was mostly recurring injuries after that, and he still played very well when he did play.

Anyway though, I know that last one's not a very good arguement. Had he not been injured there it's likely he would have been injured at some other time: there's a reason not many people play when they're forty, and that's usually it. Still though, even competative goalies would tend to retire after a few seasons of injuries, no?

Something else I don't hear much mention of is what the cap will be like in 2020 or whatever. Sure it seems like it might be going down in the near future, but with a new TV deal in the states looking more likely there's nothing to say that it won't go resume it's climb again in the years afterward. There's almost no comparison between salaries today and those twelve years ago, and even less of as comparison between those salaries and the salaries twelve years before that. And although a lot of that growth may have been irresponsible, over the long term I'd still guess that they will continue to rise. Luongo's contract will still be high, sure, but by the time he gets to be 38+ this 5.3M may not seem like the handcuff it does now.

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