KrazyGangsta 79 Report post Posted January 30, 2009 Can we reconstructure a contract like they do in the NFL to lower the cap for the team, to help sign a player or two? Maybe extend it longer or so the average could hit lower? Share this post Link to post Share on other sites
Jedi 1,865 Report post Posted January 30, 2009 No, as far as I know restructuring or renegotiating existing contracts is not allowed. Share this post Link to post Share on other sites
stevkrause 1,247 Report post Posted January 30, 2009 Can we reconstructure a contract like they do in the NFL to lower the cap for the team, to help sign a player or two? Maybe extend it longer or so the average could hit lower? Per the new CBA, no they cannot restructure, but they can buy someone out and then it doesn't count... Holland is a genious and found the loophole, sign guys longer than you planned, frontloaded deals, this way, in the backend, the guy either retires, or you buy him out for the lesser value and if you REALLY want, you can re-sign him, after you buy him out at at a lower amount, which will then count against the cap... not the initial value - GENIUS really... Share this post Link to post Share on other sites
egroen 384 Report post Posted January 30, 2009 Per the new CBA, no they cannot restructure, but they can buy someone out and then it doesn't count... Holland is a genious and found the loophole, sign guys longer than you planned, frontloaded deals, this way, in the backend, the guy either retires, or you buy him out for the lesser value and if you REALLY want, you can re-sign him, after you buy him out at at a lower amount, which will then count against the cap... not the initial value - GENIUS really... They thought of your last part -- For instance, with Zetterberg, if they did buy him out (in the last two years) the cap hit would be much higher than $667k. When players with front-loaded contracts are bought out their cap hits over the course of the buyout are larger than the buyout salary payments. Using figures of $6m cap hit and $1m salary last two seasons, buying out Zetterberg in year 11 would probably yield cap hits of $5.333m, $5.333m, $333k, $333k over the four years. Any cap discount a team gets by front loading a contract gets paid back if the player gets bought out before the end of the contract. Those two last years save the Wings $10M over the first 10 years ($6M/yr vs $7M/yr) - if they buy out the last two years they pay back that discount at an extra $5M/yr (above the actual buyout $'s) cap hit over those years. The buyout dollars are simple - 2/3 the remaining dollars over 2x the remaining term: $333K/yr for 4 yrs. The cap hit is more complex. To discourage from exactly what you are proposing. For the remaining years on the SPC you take the players original cap hit and deduct the Buyout Savings (the difference between his original salary and the buyout payment. For the years after the end of the original SPC, it is just the amount of the buyout payments. His Buyout payments would be: $333K, $333K, $333K, $333K. His Buyout cap hits would be $5.333M ($6M - ($1M - $333K)), $5.333M, $333K, $333K. So cap-wise, it would be of negative value to buy-out a player with a front-loaded contract and then re-sign them. Share this post Link to post Share on other sites
stud_defenseman 1 Report post Posted January 30, 2009 They thought of your last part -- For instance, with Zetterberg, if they did buy him out (in the last two years) the cap hit would be much higher than $667k. When players with front-loaded contracts are bought out their cap hits over the course of the buyout are larger than the buyout salary payments. Using figures of $6m cap hit and $1m salary last two seasons, buying out Zetterberg in year 11 would probably yield cap hits of $5.333m, $5.333m, $333k, $333k over the four years. Any cap discount a team gets by front loading a contract gets paid back if the player gets bought out before the end of the contract. Those two last years save the Wings $10M over the first 10 years ($6M/yr vs $7M/yr) - if they buy out the last two years they pay back that discount at an extra $5M/yr (above the actual buyout $'s) cap hit over those years. The buyout dollars are simple - 2/3 the remaining dollars over 2x the remaining term: $333K/yr for 4 yrs. The cap hit is more complex. To discourage from exactly what you are proposing. For the remaining years on the SPC you take the players original cap hit and deduct the Buyout Savings (the difference between his original salary and the buyout payment. For the years after the end of the original SPC, it is just the amount of the buyout payments. His Buyout payments would be: $333K, $333K, $333K, $333K. His Buyout cap hits would be $5.333M ($6M - ($1M - $333K)), $5.333M, $333K, $333K. So cap-wise, it would be of negative value to buy-out a player with a front-loaded contract and then re-sign them. The only way this deal will really work out then for Detroit is if Zetterberg retires after 9 or 10 years. But if Z is 40 years old and still hammering out a point a game that would be counted as working out as well Share this post Link to post Share on other sites
seeinred 1,488 Report post Posted January 30, 2009 Per the new CBA, no they cannot restructure, but they can buy someone out and then it doesn't count... Holland is a genious and found the loophole, sign guys longer than you planned, frontloaded deals, this way, in the backend, the guy either retires, or you buy him out for the lesser value and if you REALLY want, you can re-sign him, after you buy him out at at a lower amount, which will then count against the cap... not the initial value - GENIUS really... You can't buy someone out then re-sign them. Share this post Link to post Share on other sites
egroen 384 Report post Posted January 30, 2009 You can't buy someone out then re-sign them.... That was only during the original buy-out period, where for example, after buying out Hatcher and McCarty, the Wings were not able to re-sign them for a period of one year. You can now re-sign someone you bought out. Share this post Link to post Share on other sites
