Alfie about to sign four year deal!!!!!!

mattshock wrote:I read that.

I'm not sure how I feel about that. From what I read, we're getting a raw deal.

$5.75M x 3 = $17.25M
+ $4.875M = $22.125M

The contract including bonus is only $21.6M.

We're taking an average cap-hit greater than the average of the contract itself, so something isn't adding up here.

I think the 5.75 is only in year 1 therefore:
5.75, 5.4, 5.4, 4.875 would be the approx cap hits over four years.

RobbyJ wrote:

mattshock wrote:I read that.

I'm not sure how I feel about that. From what I read, we're getting a raw deal.

$5.75M x 3 = $17.25M
+ $4.875M = $22.125M

The contract including bonus is only $21.6M.

We're taking an average cap-hit greater than the average of the contract itself, so something isn't adding up here.

I think the 5.75 is only in year 1 therefore:
5.75, 5.4, 5.4, 4.875 would be the approx cap hits over four years.

That adds up a little closer.

Cap'n Clutch wrote:Perhaps Murray and Alfie pull a Lamourello and put Alfie on LTIR for the last year of the contract and he retires officially the following season? That way the 4th year is a $0.00 cap hit?

There is one flaw with your plan.

The captain will never retire.

I don't understand this at all. Is it gonna be 5.75, 5.75, 5.75, 4.8? That's what's being talked about. Lower 4th year cap hit because the bonus is spread over the first 3 years.

Can't see where that helps us to be dead honest.

Those cap hits add up to more than Alfie is being paid over that time. That's what I'm not getting.

$5.575 for the first 3 years
$4.875 for the last year

These are the cap hits I think.

mattshock wrote:Those cap hits add up to more than Alfie is being paid over that time. That's what I'm not getting.

Yeah there's something they aren't saying... We're missing something...

Maybe the initially released financial numbers weren't entirely accurate.

mattshock wrote:Maybe the initially released financial numbers weren't entirely accurate.

It's got to be... I have a feeling that 5.75 is only for the first year...

I'm sure time will tell.

What are the cap-sites reporting?

504Heater wrote:$5.575 for the first 3 years
$4.875 for the last year

These are the cap hits I think.

This makes more sense, and suggests a typo by Garrioch, again.

Before the NHL addressed the bonus issue, the cap hit was going to be $4.875M/year for 4 years. This did not count the $2.1M bonus.

If they spread that $2.1M bonus over the first three yeas, the cap hit for those three years is $5.575M. With the 4th year being $4.875M making the total is a nice $21.6M.

In the article, he says $5.75M for the first three years, which would suggest the cap hit total over the 4 years is more than the actual contract, which does not make sense.

shabbs wrote:

504Heater wrote:$5.575 for the first 3 years
$4.875 for the last year

These are the cap hits I think.

This makes more sense, and suggests a typo by Garrioch, again.

Before the NHL addressed the bonus issue, the cap hit was going to be $4.875M/year for 4 years. This did not count the $2.1M bonus.

If they spread that $2.1M bonus over the first three yeas, the cap hit for those three years is $5.575M. With the 4th year being $4.875M making the total is a nice $21.6M.

In the article, he says $5.75M for the first three years, which would suggest the cap hit total over the 4 years is more than the actual contract, which does not make sense.

Yeah that makes sense... Thanks!

Franking Garrioch screwing it up...c'mon. LOL.

I can't believe he gets paid for that.

504Heater wrote:Franking Garrioch screwing it up...c'mon. LOL.

I can't believe he gets paid for that.

Seriously.. does he not review his stuff?

BooBoo: "OK, all set. Time for a thorough review and I'll send it in."
Intern: "Donuts are here!"
BooBoo: **hits spellcheck, fixes 17 errors, submits it** "NO ONE TOUCHES THE BOSTON CREAM!!"

504Heater wrote:$5.575 for the first 3 years
$4.875 for the last year

These are the cap hits I think.

Heater's got the number right here, and the cap math is actually deceptively simple.

Here goes:

The only thing causing this anomaly is Alfie's $2.1 mil bonus, which is not part of his base salary or his signing bonus, and is instead to pay for the removal of the last 3 option years of Alfie's previous contract. These 'option year' contracts are no longer an option under the new CBA, so they created this unique situation.

So, take that number out of the total value of the contract (base salary of $4 + $4 + $2 + $1, plus signing bonuses of $3 + $3 + $2.5), and you get $19.5 mil. Divide this number by the amount of years (4) in the contract and you get $4.875. This is the base amount for Alfie's cap hit.

Then, because the bonus $2.1 mil was to pay for the final 3 option years of Alfie's previous contract, the NHL has decided to spread that sum over the first 3 years of his deal (and not the full 4 years). So, divide that sum by 3 ($2.1 divided by 3 = $700K) and tack it onto the first 3 years of the new deal (the option years purchased from the previous contract), and you get Alfie's cap hit for the first 3 years ($5.575 mil). It's really a unique case: under the new CBA, the salary hit for any player is supposed to remain constant, but because Alfie's old contract was pre-cap era, they had to make adjustments here.

So, Alfie's salary cap hit looks like this:

Year 1: $4.875 + $0.7 = $5.575 mil
Year 2: $4.875 + $0.7 = $5.575 mil
Year 3: $4.875 + $0.7 = $5.575 mil
Year 4: $4.875 mil

Total: $21.6 mil

Those add up. We were given $5.750M somewhere or something.

Thanks for the clarification Rooney!

I think you guys all deserve to give Boo boo an appology as it appears he had it right after all didn't he?