You would have given him more? Wow!
Deal basically works out to be $8 million a year for 8 years of solid service (when he turns 38). The last four years will be the team eating a $5.33 million dollar cap hit. You can't expect them to keep Luongo around past 38. He will likely be retired/released by then. I am interested to see the breakdown of the year to year payment.
I have been against these types of deals in the past, but as long as this is the only one the Canucks have, it is manageable. I don't like the idea of eating a big cap hit 8-12 years down the road, but Luongo is a special player
I think if I was a Canuck's fan I'd be more happy if the contract talks broke down and Luongo played this season out with a chip on his shoulder and with something to prove. Then I think he'd be a one motivated individual with more than just cup aspirations to play for.
He has no real incentive to play for anything right now. His lottery ticket has been punched. Seeing a let down in his performance is not difficult to imagine. As it was he didn’t exactly set the world on fire last year, especially in the playoffs.
I bet any Islanders fan can give us all a great testimonial for why a 12 year guaranteed contract is not a smart business move.
He has no real incentive to play for anything right now. His lottery ticket has been punched. Seeing a let down in his performance is not difficult to imagine. As it was he didn’t exactly set the world on fire last year, especially in the playoffs.
I bet any Islanders fan can give us all a great testimonial for why a 12 year guaranteed contract is not a smart business move.
exactly casey, that is the benefit of this type of deal. In the last few years of his contract when Luongo is only making between 1-2 million year (counting 5.33 million against the Canucks cap), if Luongo decides to retire then that wipes his contract off the Canucks cap as far as I have read
