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JoeRedskin · 10-21-2009, 01:18 PM

^^ I wonder if we could IR him for the 2010-2011 year, pay his salary, then cut him in April of 2011 designating him a 2011-12 cut - eating up three years of pro-rated salary cap (2009-10, 10-11, 11-12) and be hit only with the remainder for the 2012 year.
His salary for the 2010-211 is only ~1.6M, but his release fee is 14M.

In this way, and if I am reading the Canuck's cap sheets correctly, he would count against the cap 4.8 in 2010-11, ~3m in 11-12 (prorated portion of SB only), and ~7M in 12-13 (accelerated signing bonus).

The obvious problem is paying him his base pay in 2010-11. It is relatively low, but I am sure it is more than DS wants to pay someone who will not be playing.

Not sure if this is right - you would need Schneed or Canuck to check. But, basically, if DS pays his salary for a year, I think you can spread out his cap hit over an additional three years rather than taking it all next year.

10-21-2009, 01:18 PM	#5
JoeRedskin Contains football related knowledge Join Date: Mar 2004 Location: Second Star On The Right Age: 62 Posts: 10,401	Re: If Chris Samuels does retire..? ^^ I wonder if we could IR him for the 2010-2011 year, pay his salary, then cut him in April of 2011 designating him a 2011-12 cut - eating up three years of pro-rated salary cap (2009-10, 10-11, 11-12) and be hit only with the remainder for the 2012 year. His salary for the 2010-211 is only ~1.6M, but his release fee is 14M. In this way, and if I am reading the Canuck's cap sheets correctly, he would count against the cap 4.8 in 2010-11, ~3m in 11-12 (prorated portion of SB only), and ~7M in 12-13 (accelerated signing bonus). The obvious problem is paying him his base pay in 2010-11. It is relatively low, but I am sure it is more than DS wants to pay someone who will not be playing. Not sure if this is right - you would need Schneed or Canuck to check. But, basically, if DS pays his salary for a year, I think you can spread out his cap hit over an additional three years rather than taking it all next year. __________________ Strap it up, hold onto the ball, and let’s go.