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3 Way Lucic Trade and Buyout Plus Other Bits

Created by: CaptJosef
Team: 2019-20 Philadelphia Flyers
Initial Creation Date: Jan. 24, 2019
Published: Jan. 24, 2019
Salary Cap Mode: Basic
Description
READ ME: This is a semi-complex 3 way trade that essentially splits up Lucic's contact over three teams. Edmonton keep 50% and the Flyers and another team (I choose LA, could be different) pay 25% each.

The Flyers then either buy him out right away, wait a year or so with him on the roster for a buyout, or don't honour his NMC during the trading process (I guess it's unlikely Lucic agrees to that) and stash him in the minors.

A buyout (right away) for both teams would like this (seeing as the Armchair GM mode doesn't like retained salary buyouts or 3 way trades I did the math):

EDM - LA/PHI (each)
Year 1: 1,812,500 – 906,250
Year 2: 2,812,500 – 1,406,250
Year 3: 2,062,500 – 1,031,250
Year 4: 2,812,500 – 1,406,250
Years 5-8: 312,500 – 156,250
Free Agent Signings
RFAYEARSCAP HIT
2$950,000
8$5,200,000
8$6,000,000
3$2,800,000
2$2,200,000
2$950,000
UFAYEARSCAP HIT
4$4,500,000
2$3,000,000
CREATEDYEARSCAP HIT
Lucic, Buyout - See Above
1$906,250
Trades
1.
PHI
  1. Klefbom, Oscar
Additional Details:
3 way trade with LA (or another either rebuilding of low cap team)

Milan Lucic via LA - EDM retain $3m
EDM
  1. Friedman, Mark
  2. Stolarz, Anthony
Additional Details:
2019 Late first round pick from a Simmonds at the trade deadline.
2.
PHI
    Part of the 3 way trade:

    LA move Lucic retaining $1.5m (25% of his total deal and 50% of the $3m on their cap after the initial retained salary trade)
    LAK
    1. Hägg, Robert
    Additional Details:
    2019 3rd round pick (higher of either the Flyers own or the one acquired from the Devils)
    3.
    PHI
    1. 2019 6th round pick (PIT)
    ARI
    1. Weise, Dale ($1,175,000 retained)
    2. 2020 7th round pick (PHI)
    Additional Details:
    He's been told to stay home and wait for a trade after passing through waivers so this seems like it's the only real option.
    4.
    PHI
    1. 2019 1st round pick (CGY)
    CGY
    1. Gudas, Radko ($1,350,000 retained)
    2. 2020 5th round pick (PHI)
    Additional Details:
    2019 2nd round pick (PHI)

    Just moving up in the draft from early second round to the late first round
    Buyouts
    Retained Salary Transactions
    Buried
    DraftRound 1Round 2Round 3Round 4Round 5Round 6Round 7
    2019
    Logo of the CGY
    Logo of the PIT
    2020
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    2021
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    2022
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    Logo of the PHI
    ROSTER SIZESALARY CAPCAP HITOVERAGES TooltipBONUSESCAP SPACE
    21$83,000,000$70,001,305$0$3,102,500$12,998,695
    Left WingCentreRight Wing
    Logo of the Philadelphia Flyers
    $4,137,500$4,137,500
    RW, C
    NMC
    UFA - 3
    Logo of the Philadelphia Flyers
    $4,333,333$4,333,333
    C
    UFA - 3
    Logo of the Philadelphia Flyers
    $5,200,000$5,200,000
    RW, LW
    UFA - 6
    Logo of the Philadelphia Flyers
    $7,000,000$7,000,000
    LW, RW
    UFA - 4
    Logo of the Philadelphia Flyers
    $925,000$925,000 (Performance Bonus$2,650,000$3M)
    C, RW
    UFA - 1
    Logo of the Philadelphia Flyers
    $8,250,000$8,250,000
    RW, LW
    UFA - 5
    $4,500,000$4,500,000
    LW, RW, C
    UFA - 2
    Logo of the Philadelphia Flyers
    $2,200,000$2,200,000
    C, LW
    UFA - 2
    Logo of the Philadelphia Flyers
    $925,000$925,000 (Performance Bonus$212,500$212K)
    LW
    UFA - 1
    Logo of the Philadelphia Flyers
    $863,333$863,333
    C
    RFA - 3
    Logo of the Philadelphia Flyers
    $784,167$784,167 (Performance Bonus$107,500$108K)
    C
    RFA - 1
    Logo of the Philadelphia Flyers
    $950,000$950,000
    RW
    UFA - 1
    Lucic, Buyout - See Above
    $906,250$906,250
    Left DefenseRight DefenseGoaltender
    Logo of the Philadelphia Flyers
    $6,000,000$6,000,000
    LD
    UFA - 6
    Logo of the Philadelphia Flyers
    $2,800,000$2,800,000
    LD/RD
    UFA - 2
    Logo of the Philadelphia Flyers
    $730,833$730,833 (Performance Bonus$132,500$132K)
    G
    RFA - 2
    Logo of the Philadelphia Flyers
    $4,500,000$4,500,000
    LD/RD
    UFA - 4
    Logo of the Edmonton Oilers
    $4,167,000$4,167,000
    LD
    UFA - 4
    $3,000,000$3,000,000
    G
    UFA - 1
    Logo of the Philadelphia Flyers
    $700,000$700,000
    LD, LW
    UFA - 2
    Logo of the Philadelphia Flyers
    $678,889$678,889
    RD
    UFA - 1

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    Jan. 24, 2019 at 12:47 p.m.
    #1
    Lenny7
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    I *THINK* that I remember reading where a players salary could only be retained twice. I assume it's to avoid stuff like this. Could always just send a bad contract back to try to offset some of the money, but yeah, I don't think this is allowed.

    I apologize if I'm wrong.
    Jan. 24, 2019 at 12:54 p.m.
    #2
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    I see what you are trying to do/say but I believe that only 50% of a player's contract can be retained in total. So, it would have to be just the 50% of Edmonton or maybe 25% from each, although I am not sure if that works either. Also, you may have actually overpaid to move up in the draft, in some people's opinion. To me, maybe a little but not by much. Last of all, I don't see Edmonton moving Klef just to dump Lucic.
    Jan. 24, 2019 at 12:55 p.m.
    #3
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    Quoting: Lenny7
    I *THINK* that I remember reading where a players salary could only be retained twice. I assume it's to avoid stuff like this. Could always just send a bad contract back to try to offset some of the money, but yeah, I don't think this is allowed.

    I apologize if I'm wrong.


    If it's twice then this would be okay. $6 million originally. Edmonton retains 50% in trade to LA or $3 million. LA retains $1.5 million in trade to Flyers. Flyers have him for $1.5 million. Then he does the buyout and that's spread between each team. 50% Edmonton, 25% for LA and PHI.
    CaptJosef liked this.
    Jan. 24, 2019 at 1:22 p.m.
    #4
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    Quoting: Dmh1055
    If it's twice then this would be okay. $6 million originally. Edmonton retains 50% in trade to LA or $3 million. LA retains $1.5 million in trade to Flyers. Flyers have him for $1.5 million. Then he does the buyout and that's spread between each team. 50% Edmonton, 25% for LA and PHI.


    The retention appears to be a possibility.

    What is a retained salary transaction/trade

    When a team trades a player, they have the option to retain a part of their salary (and cap hit). The team who retains the salary then pays the retained percentage of the salary, and also retains the percentage of the cap hit until the contract expires. The following requirements must be met to retain salary: 1.The percentage retained cannot exceed 50 percent of the player’s salary (including all bonuses) and Salary Cap Hit.
    2.The same percentage must be retained for both the player’s salary and Salary Cap Hit, and cannot be modified.
    3.All teams are limited to a maximum of 3 retained salary contracts per season.
    4.Teams cannot retain an aggregate amount of more than 15 percent of the Salary Cap Upper Limit.
    5.Players’ contracts are limited to 2 retained salary transactions per contract.
    Once a retained salary transcation has occured, there are various limitations, such as: •A team cannot reacquire a player whom they have retained salary from for a minimum of one year after the date of the transaction, or unless the player's contract expires or is terminated prior to the one-year date.
    •All teams involved in a retained salary transaction will have cap implications if the contract is bought out or terminated.
    •Teams who retain salary on a players contract, will have the full value of the cap hit act against the teams salary cap total, regardless of whether the player is reassigned to the minors by their current team.
    CaptJosef liked this.
    Jan. 24, 2019 at 4:19 p.m.
    #5
    Thread Starter
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    Quoting: Lenny7
    I *THINK* that I remember reading where a players salary could only be retained twice. I assume it's to avoid stuff like this. Could always just send a bad contract back to try to offset some of the money, but yeah, I don't think this is allowed.

    I apologize if I'm wrong.


    It is only retained twice (which is the maximum), once by the Oilers, and once by LA. I actually read the CBA section on it earlier just to check (because I'm super cool flushed cheeks ). Something similar happened with Dubnyk back in 2014 though he was just sent to the minors rather than bought out.
    Jan. 24, 2019 at 4:23 p.m.
    #6
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    Quoting: Mitch11
    I see what you are trying to do/say but I believe that only 50% of a player's contract can be retained in total. So, it would have to be just the 50% of Edmonton or maybe 25% from each, although I am not sure if that works either. Also, you may have actually overpaid to move up in the draft, in some people's opinion. To me, maybe a little but not by much. Last of all, I don't see Edmonton moving Klef just to dump Lucic.


    That's probably true (not moving Klef) but it's such a huge albatross of a contract that they're going to have to get creative if they want it moved I think.
    Jan. 25, 2019 at 9:39 a.m.
    #7
    Lenny7
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    Quoting: CaptJosef
    It is only retained twice (which is the maximum), once by the Oilers, and once by LA. I actually read the CBA section on it earlier just to check (because I'm super cool flushed cheeks ). Something similar happened with Dubnyk back in 2014 though he was just sent to the minors rather than bought out.


    I don't know why, but when I read "3 way trade" and "Retaining 50 and then retaining 25", my brain went immediately to "Who's retaining the other 25%?!?!?!?!?!?!".

    hahaha, my bad!

    I also have perused small portions of the CBA. Lotta words...
    CaptJosef liked this.
     
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