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

I like the terms, I like the length, obviously I love the fact that he's signed.

If he retires before he's 40, will his number come off the cap?

2 mins... Gotta go check out sens.com/

damn it, I can't find a link to watch it live!! ARGH!!!

man, this sucks...is no one carrying it yet? I have Sportsnet and TSN on and no one has it. IT STILL isn't mentioned, nor a link, on the Sens homepage...

Did anyone else read the TSN article where it said:

"The extension will pay the veteran forward as much as $22 million over
the term, with the first two years of the agreement expected to be much
higher than the final year to make the cap hit more team friendly."

TSN wouldn't make the 'mistake' as well which means that we must be missing something

beedub wrote:I like the terms, I like the length, obviously I love the fact that he's signed.

If he retires before he's 40, will his number come off the cap?

I do not think so. Players over 35 who sign new deals count for the duration. (to prevent ridiculous front loading and then low cap-hits).

dirtydirtynorth wrote:Did anyone else read the TSN article where it said:

"The extension will pay the veteran forward as much as $22 million over
the term, with the first two years of the agreement expected to be much
higher than the final year to make the cap hit more team friendly."

TSN wouldn't make the 'mistake' as well which means that we must be missing something

I'm interpretting it sas "the final year of the contract more team friendly", which is another way of saying that the actual dollars paid will be lower. The "cap-hit" itself is constant. I can't find anything anywhere that says otherwise.

http://tsn.ca/nhl/story/?id=254198&lid=headline&lpos=topStory_main

it's on TSN!

dirtydirtynorth wrote:Did anyone else read the TSN article where it said:

"The extension will pay the veteran forward as much as $22 million over
the term, with the first two years of the agreement expected to be much
higher than the final year to make the cap hit more team friendly."

TSN wouldn't make the 'mistake' as well which means that we must be missing something

I think they were just copying what Bruce had spouted...

It only makes the cap hit friendly in the 1st 2 years ...

I think it means that the cap hit is the highest in the first 2 years, and less so in the last 2 years

For example if the first two years were for say 7 million a season and the last two were for 4 million a season, wouldn't the cap hit for the first two years be 7 million?

beedub wrote:For example if the first two years were for say 7 million a season and the last two were for 4 million a season, wouldn't the cap hit for the first two years be 7 million?

No. The cap hit is a constant across the length of the contract. So $22M/4 years = $5.5M cap hit in each of the 4 years. That would have happened no matter how they spread the money. Front loaded, back loaded, side loaded, under loaded, upper loaded, whatever kind of loaded...

Just look at Fisher. He's making $6M this year, but his cap hit is $4.2M because he'll be making less later in his contract.

Cap hit is the total $$s for the deal, divided by the length.

Details are now up on TSN.ca

http://www.tsn.ca/nhl/story/?id=254198

21.6 over 4 years.

I know you can't pay less than 50% of salary less than the year before, so you can't pay $10M one year, then $2M the next, for a $12M over 2 the most you can front load is $8M and $4M the second year.

I like how they cheated the system here.

The contract, which includes a no-movement clause, pays $4 million in salary in the first year with a $3 million signing bonus, plus $2.1 million for the removal of the option years from his old contract for a total $9.1 million.

Alfredsson will then make $4 million in Year 2 with a $3 million signing bonus for $7 million, a third year salary of $2 million with a $2.5 million signing bonus for $4.5 million, and $1 million in Year 4.

So
2009-10: $4M + $3M + $2.1M
2010-11: $4M + $3M
2011-12: $2M + $2.5M
2012-13: $1M
_________________
Total: $21.6 / 4 = $5.4M Cap hit

ALFIE!!! ALFIE!!!

shabbs wrote:

beedub wrote:For example if the first two years were for say 7 million a season and the last two were for 4 million a season, wouldn't the cap hit for the first two years be 7 million?

No. The cap hit is a constant across the length of the contract. So $22M/4 years = $5.5M cap hit in each of the 4 years. That would have happened no matter how they spread the money. Front loaded, back loaded, side loaded, under loaded, upper loaded, whatever kind of loaded...

Thank you. I just explained this, like, 2 pages back....

Just remember: a player's cap hit for the life of a contract CANNOT change and will always remain constant at one number for the life of the contract. The cap number is always the total amount of the contract divided by the total number of years in the contract -- no ifs, ands, buts, or exceptions. This is one of the founding principles of the new CBA.

That means that a player's salary for a given year means ABSOLUTELY NOTHING when it comes to calculating what his cap hit is. Heatley's cap hit will be a constant $7.5 mil for the next 6 years even though we're paying him $10 mil this year and $5 mil in 2013-14; Spezza's cap will be a constant $7 mil for the next 7 years even though we're paying him $8 mil this year and $4 mil in 2014-15; and Fisher's cap hit will be a constant $4.2 mil even though we're paying him $6 mil this year and $3 mil in 2012-13.

Alfie's new deal (if the numbers currently being reported are correct) will be front- loaded -- I'm guessing something like $7 mil + $7 mil + $4 mil + $4 mil -- but his cap hit will be $5.5 mil over the life of the deal. That can't change, regardless of what Garrioch or anyone else says.

Look up. Alfie's new deal is posted.