September 02 2009 11:46AM
The Vancouver Canucks announced today that they signed all-star goaltender Roberto Luongo to a 12-year contract extension. The contract is value at $63-$64 million.
The Canucks now have their first real franchise goalie. And there was much rejoicing...
So what does this all mean, and what is the next step for Mike Gillis?
September 02 2009 10:12AM
The Canucks have signed Lou for 12 more years at $64 Million. This would keep his salary at 5.33 mil in terms of the Cap a season. I'm not a capologist but, If the extension is considered this year, the Canucks have freed up that 2 million. However, that does mean that Luongo will be on the payroll until he's 42 (at approximately 10% cap hit). Regardless, I'm still pretty Steve Nash fired up! [UPDATE: turns out extension does not affect this years cap hit.]
August 31 2009 04:55PM
On the eve of the month when business finally picks up in the NHL, let's bid farewell to a few topics that determined fans will now be able to forget about and concentrate on more important matters. You know, things like the No. 1 defence pairing in Abbotsford, Liam Reddox's potential linemates and the over-under for the number of times in the coming weeks and months that the words "Luongo" and "extension" will appear in the same story on the pages of the Vancouver Sun or the Province.
August 31 2009 01:06PM
Darren Dreger of TSN first broke the news that elements within the NHLPA were dissatisfied with Paul Kelly’s performance as the head of the NHLPA. At 3AM eastern time, Dreger passed on the news that the NHLPA executive board (made up of the thirty team representatives) had voted to terminate Kelly’s employment.
August 31 2009 10:25AM
Mike Gillis has too many players and too much salary on the Canucks roster, and must shed a little of both before the October 1st deadline. However, the ideal players to trade away have no-trade clauses in their contracts.
That's a problem for Gillis, because he has to convince players to waive their NTC. Right now, how do you convince a player to leave Vancouver and the Canucks?