Post by cyclone on Aug 5, 2023 16:27:14 GMT
Apparently sports writer Sheng Peng floated the idea of the Sharks and Erik Karlsson mutually agreeing to terminate his contract so he could become a free agent. The idea being that his contract was front loaded and he has been paid out most of it already.
I doubt he would walk away from guaranteed money. I mean technically he has been paid out most of the contract, but he still does have $39m owing over the next 4 seasons. That is $9.25m per year.
Does he think anyone would be willing to give him a 4 year $39m contract? …until he is 38 years old? …when the team has trouble finding a taker at $11.5m now?
I think it is an interesting idea, but no way the player agrees to it.
On the flip side, would it also mean the NHL would hit the Sharks with a cap hit adjustment for the “over pay” in the first four seasons? He would have already been paid $14m more in real dollars than his cap hit. There would have to be an annual $3.5m cap hit for the next four years or (gulp) a one time hit of $14m!
Anyone know how this works?
I doubt he would walk away from guaranteed money. I mean technically he has been paid out most of the contract, but he still does have $39m owing over the next 4 seasons. That is $9.25m per year.
Does he think anyone would be willing to give him a 4 year $39m contract? …until he is 38 years old? …when the team has trouble finding a taker at $11.5m now?
I think it is an interesting idea, but no way the player agrees to it.
On the flip side, would it also mean the NHL would hit the Sharks with a cap hit adjustment for the “over pay” in the first four seasons? He would have already been paid $14m more in real dollars than his cap hit. There would have to be an annual $3.5m cap hit for the next four years or (gulp) a one time hit of $14m!
Anyone know how this works?