by Ron Spence
I was searching for information on a Canucks’ prospect from Quebec and came across the following article on the Roberto Luongo contract extension.
It was published in cyberpresse.ca and written by highly respected writer Francois Gagonon.
It is a google translation – and therefore not grammatically sound – but the reader will understand a Quebec perspective on the trade.
I found it interesting and wanted to pass it on to crashingthegoalie readers:
“I never liked the long-term contracts. Contracts for too long as he signed Wednesday by Roberto Luongo.
But when one analyzes the Canucks, it is hard to condemn them outside the 12-year contract that will allow Roberto Luongo to pocket at least 64 million during that eternity in hockey.
Luongo is not only the best player and the Canucks blow their captain, he is one of three or four best goalies in the NHL.
The Canucks were so sure of keeping it at the foot of the Rockies for a long time.
And to keep happy to bring a little sunshine in their days of winter rain and allowing Madame not too bored of the palace that the couple owns in the Fort Lauderdale, Florida.
Pour Luongo : pas de doute.
For the Canucks: it is less clear.
Alain Vigneault is certainly overjoyed. It would be less if there was Coach of the Canucks …
As he likes to say he has a board of “plywood” premium to its net. A panel that will help make their systems look good and allow defenders to commit some Canucks nonsense without seeing the puck they have escaped being in the net every time.
But when you look wider, it is less clear.
Note that if the master guide to the Stanley Cup during this period, the gamble had been worth the cost. It will only be more if smoking Luongo raises two or three cuts over the next 12 seasons.
In hockey today, it would be an achievement.
But Luongo was 30 years.
It is therefore far from certain that he spent the last two seasons – perhaps most – contained in the contract.
Not for nothing but his salary will plunge to $ 1 million during the last two seasons. But it will cost a bit more in terms of withholding tax imposed on the salary cap will be in effect at that time. If there is still a ceiling …
$ 64 million that does not change the world, but it will allow Ms. Luongo to make regular visits to Florida to go to reconnect with the sun and her parents when she will no longer be able to expect to see a hole in the clouds …
That said, 64 million bucks is a fortune. Nobody will dispute that point. And 12 years is too long for my taste.
Except that in the current reality of the NHL’s average salary, then the tax is on the payroll paid to 30 teams of the circuit that counts.
It is on this point than the weight of the bet is based.
And this game, the $ 64 million for 12 years is almost a good thing – if one can speak of good business with that money – as the guardian of St Leonard jeopardize his team $ 5.333 million for all year.
This purge will be $ 6.750 million this season because of prior contract signed by Luongo.
But the average starting next year will be $ 5.333 million despite the fact that he will earn $ 10 million in 2010-2011.
Luongo deserves every million it received Wednesday. He deserves for what he did in the past for his present which is solid and a future brighter than the economy and Canadian politics put together …
And when one considers that cash Cristobal Huet $ 5.650 million on average per year in Chicago, Jean-Sebastien Giguere touch $ 6 million and was on the bench in the playoffs last spring, the guardian of St Leonard ‘s is certainly not overpaid.
But when you consider that Martin Brodeur has three other cuts to its key assets $ 5.2 million on average and that the young Marc-Andre Fleury will cost $ 5 million to the Penguins by the end of the 2013-2014 season and that it has already offered them a cup, you say that Luongo is sentenced to imitate them.
He knows very well.
And given his talent, he is able to do. But as good as it is – and God knows he is good – it also takes a team to give him at least the goal needed to win.
Watch the Detroit Red Wings: Chris Osgood would cost 1.47 million in tax on payrolls. It gives them the chance to keep Datsyuk, of Zetterberg, Lidstrom of which have proven their importance over the last few seasons.
The Carolina Hurricanes have also won the cup with Cam Ward who do not command a fortune because of salary into cash as tax on the payroll of the club.
Their financial philosophy is different.
But they do not have Roberto Luongo in their training. It would be interesting to see what Ken Holland, Detroit or Jim Rutherford, Carolina, would have to ensure they keep a guard the likes of Luongo.
The Canucks have Luongo in their locker room. They were very foolish to let him go.
Mike Milbury has made this mistake when he was D.-G. Islanders New York. Mike Keenan has not been more subtle when he traded his best player to the Canucks for Cheap Florida Panthers who did were never delivered.
The Canucks were then left to keep the mortgage a bit distant in the future saying that the present and near future could be combined with a first Stanley Cup.
However, 12 years is a long time. Very long …
Rick DiPietro and the Islanders in New York demonstrate that these long contracts are more risky than a fund acquisitions of U.S. commercial paper …
But Roberto Luongo has nothing to do with Rick DiPietro. They are both guards and both of Italian origin. The game comparisons stop there then. “All right here!”
Now wish to Luongo, the Canucks and their supporters, the great goalkeeper remains healthy and that players who skate in front of him do their part.
This will then allow the Canucks might see them bet their smiles.
To smile as much as Luongo and his agent Gilles Lupien and Enrico Ciccone smile this afternoon.”