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Post by blny on Jul 30, 2019 13:23:45 GMT -5
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Post by blny on Jul 30, 2019 13:25:32 GMT -5
Callahan had a NTC/NMC. Bit surprised he accepted this. He'll likely go back on LTIR. "Rehab" at home in Florida, and pay tax based on living there still. Bolts clear $3.4 million in space. The LTIR insurance pays a big chunk of Callahan's salary, which means that the Sens will actually spend less real dollars in this move.
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Post by folatre on Jul 30, 2019 13:30:17 GMT -5
It is must be the timing on getting the cap relief for LTIR Callahan that forced BriseBois to make a move now. I think these LTIR guys have to be on the opening day roster before the contract disappears off the cap. Tampa must not have felt there was any desirable way to juggle roster pieces and meet that requirement, so they take on Condon who is owed $3 million real dollars and will actually eat $1.3 million of the Bolts' cap space this season even when he is buried in the AHL.
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Post by folatre on Jul 30, 2019 13:40:22 GMT -5
I may be wrong blny, but I think the Bolts save $4.5 (the full 5.8 million cap hit of Callahan minus the $1.3 coming with Condon after he is buried) .
Obviously it would have been better to shed the whole $5.8 million via LTIR but it appears that the way the CBA rules are structured the timing of getting the LTIR relief becomes problematic for clubs with these cap headaches.
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Post by blny on Jul 30, 2019 13:44:31 GMT -5
I may be wrong blny, but I think the Bolts save $4.5 (the full 5.8 million cap hit of Callahan minus the $1.3 coming with Condon after he is buried) . Obviously it would have been better to shed the whole $5.8 million via LTIR but it appears that the way the CBA rules are structured the timing of getting the LTIR relief becomes problematic for clubs with these cap headaches. Hard to say who is going to get buried. They've got Domingue and McElhinney as well. Perhaps Condon is a flip. |
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Post by seventeen on Jul 30, 2019 15:20:05 GMT -5
I find the return for solving yet another CAP headache somewhat frivolous. I guess it might save Melnyk some $$ and that seems to be the most important thing to him. What a pathetic owner. I could easily understand all Sens fans just staying home. There's no entertainment value with that team.
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Post by Willie Dog on Jul 30, 2019 15:41:11 GMT -5
Brisebois is good at solving cap issues
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Post by seventeen on Jul 30, 2019 16:47:42 GMT -5
How does he find these guys? GM's I mean, who are willing to take on these contracts for little or no Tampa Bay pain.
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Post by Cranky on Jul 30, 2019 17:45:11 GMT -5
I'm trying to remember were Brisbois use to be before Tampa. I'm thinking....thinking.....just can't put my finger on it....  |
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