LATEST | Canucks dropped the ball with Luongo recapture penalty
When Roberto Luongo retired after the 2018-19 season as a member of the Florida Panthers, the Canucks were saddled with a cap recapture penalty thanks to the front-loaded nature of the contract.
However, the Province's Patrick Johnston's revealed in a recent article that the Canucks had a chance to avoid such a fate with the Luongo deal.
Johnston says Luongo, who was a member of the Florida Panthers at the time, was willing to live out the remaining three years of his deal on LTIR rather than outright retire.
The Panthers were trying to save as many real dollars as possible, and so expectedly would have welcomed a trade sending Luongo back to the Canucks to live out the rest of his days on LTIR, avoiding cap recapture for both teams.
For some reason, a call never came from Jim Benning to the Panthers, and so the Canucks were hit with a cap recapture penalty of over 3 million dollars for 3 years.
https://theprovince.com/sports/hockey/nhl/vancouver-canucks/canucks-coffee-the-kuzmenko-story-needs-a-conclusion?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1704474563
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Should the Canucks have re-acquired Luongo? | ||
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