Bingo Bango Bongo: 12 year deal for Luongo
by Yankee Canuck on Sep 2, 2009 9:24 AM PDT
Email
PrintFrom the Province, here's the breakdown:
• $10 million in the first year;
• Year 2: $6.716m;
• Years 3 through 8: $6.714m each year;
• Year 9: $3.382m;
• Year 10: $1.618m;
• Years 11-12: $1m each year.
*************************************
First and foremost, thank you once again Michael Edward Keenan.
Even with Andrew Raycroft in tow, Mike Gillis made sure today that Vancouver's goalie graveyard will be closed for the forseeable future:
Vancouver Canucks President and General Manager Mike Gillis announced today that goaltender Roberto Luongo has agreed to terms on a 12 year contract extension through the 2021-2022 season.
"Today is a very exciting day for the Canucks organization," said Mike Gillis. "Roberto Luongo is the leader of our hockey team; he is in the prime of his playing career and has a tremendous desire to make the Canucks a championship team. His leadership, competitiveness and character are what this team will represent for many years to come."
"This is a great day for me and my family," said Roberto Luongo. "I love playing in a passionate hockey city like Vancouver and along with my teammates I am committed to doing everything I can to help make this a championship team."
The final numbers? 12 years at who knows how much but you know Gillis front loaded it (considering he's gone on record saying such deals aren't his thing). [Update: RDS says $64 million which - if it's not front loaded - is an average of $5.3 million a year]
But the term is definite: your plucky captain will be earning those bathroom breaks when/if he's still stopping pucks at 42 years old.
If you didn't think so before, the reality is obvious: the Vancouver Canucks are the Sedin twins and Luongo from here on out. Everything revolves around those three. Next up will be Mitchell and Kesler heading into their contract years (oh and how to get back under that pesky cap thing).
And the first person to say "Rick DiPietro" will have Rick Rypien on a Red Bull bender unleashed in your general direction. You've been warned.
Go Canucks.
112 comments
|
0 recs |
Do you like this story?
Comments
Thanks I was posting that as you dropped the comment in. Still need to see the breakout. No chance he’s paying a 40 year old 5.3 million (biting…tongue…on…Sundin…signing…)
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 9:25 AM PDT up reply actions
If you didn't think so before, the reality is obvious: the Vancouver Canucks are the Sedin twins and Luongo from here on out
Hey. What about Ehrhoff? :)
I’m not familiar with Swedish/German diplomacy at the moment.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 9:30 AM PDT up reply actions
No he was already on the books for this year at almost $7 million. See capgeek.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 9:31 AM PDT up reply actions
Any chance
this includes a restructuring for this coming season to drop that cap number?
by The Ancient Mariner on Sep 2, 2009 9:47 AM PDT up reply actions
That’s a great question. We’ll have to wait until more details come out. But there’s one one to get back under the cap.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 10:01 AM PDT up reply actions
Nope, the new contract has no impact on this season’s cap number for Luongo. He will count as 6.75 against the cap this season.
I think he meant a restructuring of the final year of the current deal not the new one. Either way, doesn’t look like it’s happening.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 11:22 AM PDT up reply actions
Correct me if I’m wrong, but I think that restructuring a current contract is prohibited under the terms of the current CBA. Restructuring a current contract (like you can do in the NFL) is only permissible under salary cap systems without guaranteed contracts. The NHL has guaranteed contracts, therefore, you can’t change a deal after it has been signed.
Idea...
Can someone have a “Looooooooou” sign at every game where the number of O’s is equal to the number of years he’s played in Vancouver? It would make for an interesting sign to say the least. I think we’re at “Loooou” right now, which makes it sound more like an English toilet than an inspiring war cry. So, maybe it doesn’t work.
"What is Jumanji?" --Jason Owens
Heh. We’ll probably never see these 12-year contracts fulfilled anyway. Since the deal starts before Louie is 35, doesn’t that mean he can retire and not count as cap hit? And even though that clause will probably be closed in the next round of talks (lockout 2012?), there will probably be some sort of grandfathering rule since the PA would get pretty miffed if their players’ contracts were suddenly void and the owners would get pretty miffed if they were actually liable for 42-year old goalies.
I guess you can’t blame the league too much considering the salary cap is a new thing for the NHL. Working out the kinks is natural. But still, this is getting near ridiculous with all of the long-term signings that are going on.
...loving life for Christ's glory...
They definitely need to clamp down on these sorts of deals but you may as well take advantage of it before the next CBA. Worked for Detroit and Chicago as two examples to lock up some of their core guys so why not us?
Good point on Schneider. I still think he has to stick around this year but now the writing is on the wall. Make him play more this year, increase his value, then move him.
And you’re right…if Luongo retires after 35 it comes off the books. See more on that stuff here.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 10:08 AM PDT up reply actions
HA, nice
Good for the Canucks and Luongo. Shows how much respect there is out there for the NHL brass when this type of deal is signed before the NHL releases the results of the Hossa and Pronger contract negotiations. I like it.
We may as well abuse the system too. Woo! Never did hear back about those NHL investigations on those 2 contracts. I always thought it was more of a threat than an actual investigation anyway. What are they going to do about it? Nothing right now. And goalies playing at 42 is more possible than forwards or defence, no? OK, perhaps not.
This is the exact type of deal I was hoping for, I couldn’t be happier! I wish he did the same thing with the Twins because damn, their cap hit looks stupid now..
by Sean Zandberg on Sep 2, 2009 11:04 AM PDT up reply actions
Seems pretty lame considering the NHL has to first approve these contracts. Then they go back and “investigate” the approved contracts after the fact. The whole thing is a joke. Call it a loophole, but these kinds of contracts are perfectly legal under the current CBA. Probably will be a major sticking point in the negotiations of the next CBA, but hell yeah, get ’em while you can!
…And try not to sleep with your sister-in-law. Could prove distracting.
by Thursday on Sep 2, 2009 12:13 PM PDT up reply actions 3 recs
Rec’d to high heaven
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 2:08 PM PDT up reply actions
eh
Brodeur’s still good fat. Lou could get fat, that’s fine.
"Life is just a place where we spend time between games. Hockey is where we live, where we can best meet and overcome pain and wrong and death." - Fred Shero
by Karina on Sep 2, 2009 12:32 PM PDT up reply actions
Updated the story with the salary breakdown via the Province
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
My brother and his wife just had their first kid. As soon as the little fucker can hold his head up on his own, he’s going out on the ice.
I've seen enough to know that I've seen too much.
Seriously. If anything there’s a parenting lesson involved here for all of you with kids.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 10:44 AM PDT up reply actions
Gulp
That’s a long time. But it gives us a great window for the next 5 years or so.
Surely this means the end of our time with Cory Schneider? You’d think, anyways.
Now’s the time to play Schneider and to develop and showcase his talent. Otherwise we’ll just end up dealing him away for, like, whatever. Ottawa might be a good candidate: they really need a young goalie for the future and they’re dumb enough to overpay smart enough to recognize value when they see it.
Ottawa with Leclaire/Elliott might not be as desperate as you think. But I agree, someone like that. Heck, even Boston with a veteran in Tim Thomas to keep healthy might have some interest. LA, maybe?
LA
has Quick, Ersberg and Johnathan Bernier. They don’t want Schneider.
"Life is just a place where we spend time between games. Hockey is where we live, where we can best meet and overcome pain and wrong and death." - Fred Shero
by Karina on Sep 2, 2009 12:32 PM PDT up reply actions
Quick is going to be good. LA doesn’t need him probably. What about a place like Phoenix?
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
by Yankee Canuck on Sep 2, 2009 2:09 PM PDT up reply actions
The $10m first year indicates that the Canucks’ owners are showing a real commitment to winning a cup. They know Luongo will probably retire at some pt before this contract is done, meaning that they knowingly agreed to pony up some extra big bucks for him (real dollars, not salary cap shadow dollars).
At some pt, the Edmontons of the league are gonna realize that cap-averaging puts them right back where they were, pre-cap era, when they couldn’t afford to compete for the best players.
But go Canucks!
By the way
Someone find Ed Willes. He has some “analysis” to grace us with.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
Also
Just realized we’re going to have to sponsor him forever now.
'Nucks Misconduct - Housing Swedish Millionaires Since 2000.
Cap Hit
based on the Province’s salary breakdown the cap hit is 5.05M
In the famous words of Randy Savage..
Ooooo yeeeaaahhh! Dig it!
by Sean Zandberg on Sep 2, 2009 11:06 AM PDT up reply actions
Realistically, this is an 8 year deal at $7.125 per by which pt Luongo will have made $57m total. That’s what the owners have agreed to pay and what Luongo will receive. The rest is just numbers games allowed under the cap rules.
His salary plummets when Luongo turns 38 or so, which is about when we can expect him to retire cuz it’ll be time anyway and he really won’t need the money: the sum of last 4 years of the contract pay him less than the average year of the first 8.
Smooth move by Gillis. I do kinda feel sorry for the Edmonchuks – not that sorry, mind you, given that their Gretzky years were also the result of gaming the system, back in the day – cuz they are condemned to mediocrity. Is that part of the reason Heatley wouldn’t go there and Pronger wouldn’t stay?
Why wouldn’t they stay? Not sure. I don’t think they are condemned to mediocrity. Maybe they just don’t like the city…the freaky winters? Not sure.
by Sean Zandberg on Sep 2, 2009 11:24 AM PDT up reply actions
Yeah, deals like this do condemn them. They can’t afford to compete for players like Luongo cuz they ain’t got the bucks. They will return to being a farm team for the bigger clubs, developing young talent only to lose them later on.
There might also be other reasons players don’t wanna go there. We all pick where we wanna live based on a number of factors and no one place is right for everyone, but if I were an NHL’er I’d wanna win, too, that’s a biggie, and Edmonton nowadays starts out with a strike against it in that regard.
Like I said earlier, they were fine with bending the rules when they were cherry-picking the Baby Bulls and all that, so I’m not exactly heartbroken, but I do expect the issue to come to a head soon, esp if Quebec City and Hamilton and Wpg are even just being talked about as franchises in the future.
You’re right about the Sedins, tho. I wonder why Gillis didn’t front-load them more, too? As long as the rules allow it, he’s gotta do whatever he can. Did he think he could only pull it off once before TSHTF?
BTW, I bet dollars to donuts that Luongo’s contract will be “investigated” by the league, too. That won’t change it one whit – it’s now a done deal – but the pressure to amend the cap rules (to remove the averaging and just count straight dollars) will go up another notch.
Eventually it could happen too, but countering that is that the bigger teams prefer it this way, for obvious reasons, and the players union can’t mind it too much either, also obvious. It’ll be an interesting show.
And go Canucks!
Damned rights they’ll investigate it. We could probably hear that announcement by the end of today. Wouldn’t surprise me.
In regards to Edmonton:But Pronger left after they made it to the Finals. They were succeeding.
but if I were an NHL’er I’d wanna win, too, that’s a biggie, and Edmonton nowadays starts out with a strike against it in that regard.
by Sean Zandberg on Sep 2, 2009 11:44 AM PDT up reply actions
That was a fluke run based on a hot goalie – who wasn’t really as hot as they said, but his logo seemed to be attracting a lot of pucks that year; it happens – and not likely to be repeated.
I do think Pronger just didn’t like the city, either, or maybe it was his missus who wanted out but that amounts to the same thing. Still, their cup run was, IMHO, a complete fluke rather than say, Anaheim’s proper building of a champion, or Detroit’s perennial contention. Or, dare I venture, what Gillis is now doing in Vancouver?
Philly is prob a good place for Pronger, actually; that franchise is awash in money. They control everything – parking, concessions etc – and rake in dollars that most other teams can only dream of. The wonder of it is that they haven’t broken thru to a championship in so long. I’ll expect to see them play more of the front-end-loading game, too, tho it only works with a select number of players in the right situation.
Edmontons run to the finals was smoke and mirrors. We choked and let them into the playoffs, and they ran with the chance. The year before and the year after tell you what that team was about. Nothing.
I would play anywhere though if I was a NHL player. Its ridiculous to turn down any city as a potential employer. They play freakin hockey, its a priviledge not a right.
Has a professional athlete ever retired because he didn’t need anymore money?
I've seen enough to know that I've seen too much.
Yashin, tho he continued to play recreationally with his team for a number of years.
by casual on Sep 2, 2009 11:57 AM PDT up reply actions 2 recs
Zandberg, photoshop sensei. Or would you prefer one of those goofy Star Wars names?
I've seen enough to know that I've seen too much.
Yeah, keep it to Stars Wars names, or maybe Lord of the Rings. :) I’m just having fun. It’s a great day!
by Sean Zandberg on Sep 2, 2009 11:57 AM PDT up reply actions
Won;t work: we in Victoria still remember the “Victoria Millionaires” hockey team, a Stanley Cup Champion*, later moved to Detroit and you may have heard of them since then, too.
- so we still got more than Vancouver tho we’d love to see that change.
Cas, I think you’ve got your teams mixed up. The Vancouver Millionaires beat the Ottawa Senators in 1915, while the Victoria Cougars beat Montreal in 1925. The Cougars were the last non NHL team to win the Cup.
I've seen enough to know that I've seen too much.
I did this one on yankeecanuck.com when they announced thid jerseys
by Yankee Canuck on Sep 2, 2009 2:12 PM PDT up reply actions 2 recs
Oh man, thanks! I needed that laugh. That is golden! I remember seeing that image “back in the day”
by Sean Zandberg on Sep 2, 2009 2:15 PM PDT up reply actions
I’ll say. I thin k we can make it a fact that Missy is indeed a hotty. Women that know hockey are HOTTTTTTTTTTT!
vancitydan
ah, maybe i’ll let you guys judge for yourselves…
i just hope that none of my friends and family see this and recognize me…
GO CANUCKS GO!
Must be the West Coast...
Sunshine in mandatory for bragging to the Others back East!
Good pic! (Psst – don’t let on that it sometimes gets a bit… er… damp here!)
i’m ok with it.
just as long as none of you guys start getting creepy and everything like that….
i am only 19, after all…
GO CANUCKS GO!
omg…well…speaking strictly in a altruistic sense, because I sure aint that close to 19…yes, missy, you are a hotty…
But …ummm…yeah…what you said.
vancitydan
Creep!
I’m kidding. Missy, your mom called. She wants her sunglasses back! Kidding again. (Don’t hurt me)
by Sean Zandberg on Sep 3, 2009 12:04 AM PDT up reply actions
Somewhere on Planet Earth:
Dan Cloutier, Felix Potvin, Corey Hirsch, Alex Auld, Mika Noronen,
Dany Sabourin, Rob McVicar, Maxime Ouellet, Tyler Moss,
Peter Skudra, Martin Brochu, Corey Schwab and Kevin Weekes
just had a stiff drink.
Thx for the link Casual…
I had forgotten how Ian looks like Lou Reed’s long lost brother…
Jozsef…Thats the first injury he has had of any consequence…Don’t know if it is a major concern….
His personal trainer Yoda was quoted as saying…“groin strong yes…Force strong in this one..”
He then performed a twisting 3 turns and lopped off Gallager’s arm and Wille’s hand…
vancitydan
And Larschied said Lou’s groin never felt better..
wait that was Bure’s groin.
by Sean Zandberg on Sep 2, 2009 4:07 PM PDT up reply actions
FWIW, the blowback has begun: THN.com Blog: Luongo contract the latest to circumvent salary cap.
The smaller market teams will be fighting to remove the averaging from the cap calcs. The larger market teams and the players will fight that removal. Should be an interesting battle. It won’t make a diff in the short term, but it won’t go away, either.
Even if the change eventually gets made, I’d bet on existing contracts being grandfathered into place, so now’s the time to lock up your best players for a lower cap hit; doubly so if/when the cap drops in the future.
Gotta be the right player tho. Pick a Yashin and you’ve hosed yourself. Luongo was a good choice for this. Anyone else on the Canucks coming up who could merit the treatment? Kesler?
I agree. He has to be money in the bank if it’s a forward. Kesler is close.
by Sean Zandberg on Sep 2, 2009 4:22 PM PDT up reply actions
Forwards are a bit more erratic in their production over long periods of time, and let’s face it: that’s really what they’re expected to do. A defenceman who loses his scoring touch can still play a big role on a team; a forward is going to end up playing half the ice time he was previously, and may not have the smarts to play a solid defencive role, but would still be eating a large chunk of payroll/cap space. And it can happen to forwards in a single off season. I loved Linden, but would have been choked to see him costing $4 million in cap from the press box.
According to a fan on the CDC Boards
Gillis told the Fan590 that the contract would have 2 "outs’:
1) For Luongo sometime during the contract (he didn’t specify when), where if luongo is not happy with the direction of the team, the canucks would have to accomodate a move for him to somewhere else.
2) For the canucks (again, time not specificed) where if the canucks are not happy with Luongo’s performance, he would have to accept a move.
That’s a good thing, in a sense. It gives Lou even more power and he could sulk his way out of town someday.
Sounds OK to me. If Ottawa/Heatley had had such an agreement, Heatley’d be an Oiler today … or, knowing it might come to that, he might never have asked to be traded in the first place.
It seems that Gillis is so smart as a GM that I can’t see him screwing the team up to the point of Luongo saying “I want outta here”
by Sean Zandberg on Sep 2, 2009 7:25 PM PDT up reply actions
No worries on that.
Its just Gillis being smart, and Bobby Lou’s agent doing the same.
And Cas’ is of course correct, Heater and that mindfuck debacle would not have even occurred if they had a GM as smart as ours in Ottawa
smiles smugly at the Sens fan scowling, gets up for another beer
I think Gillis is looking for the Exec of the year trophy THIS year, not down the road.
Go for it Mike…
vancitydan
One of the big differences between Gillis and Murray is that MG holds his cards real close to the vest and Murray’s blabbing mouth was one of the main reasons the Heatley situation blew up so badly.
Did Murray break the story?
I thought the media heard first. Of course, it could have been an “accident at the office”, but that would only weaken Murray’s position. Perhaps a lesson in humility for Mr. Heatley?
Can’t recall where I read it, but it was reported, just like Ferrarro’s comments, that players ask for trades all the time and it never reaches the light of day. But apparently Murray blabbed in order to strategize with Edmonton and I got the impression that there was a level of spite involved. Heatley was wounded by the public revelation of his request. Someone on this blog can prolly remember where the link might be.
by Bobby Canuck on Sep 3, 2009 10:50 PM PDT up reply actions
I have not read a story that said Murray leaked it (that I can remember)
by Sean Zandberg on Sep 4, 2009 12:58 AM PDT up reply actions
But Heatley has implied as much – by asserting that his (Hatley’s) side never leaked it – and Murray, to the best of my knowledge, never refuted that.
You’re right, it is speculation. From Benjamun. Here’ s the link:
http://canuckscorner.com/tombenjamin/?p=1307
I’m seeing even more links on that. Fair enough!
by Sean Zandberg on Sep 5, 2009 9:56 AM PDT up reply actions
Comments For This Post Are Closed
Secondary Sidebar
User Tools
FanPosts
Community blog posts and discussion.
Recommended FanPosts
Recent FanPosts
Nucks Misconduct Store
Your clothing sucks. Go fix it.
Certain photos copyright © 2012 by Associated Press or Getty Images. Any commercial use or distribution without the express written consent of Associated Press and Getty Images is strictly prohibited.
