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Roberto Luongo Cap Advantage Recapture

By CapGeek.com Staff

Posted: Mar. 05, 2014 at 12:40:04 ET Updated: Jun. 14, 2014 at 0:33:17 ET

Following is a breakdown of cap advantage recapture penalties that will be assigned to both Vancouver and Florida should Roberto Luongo retire before his contract expires in 2021-22. Although Vancouver's cap advantage from the contract is locked at $8,520,372 for Luongo's four seasons with the team, Section 50.5 (e) (iii) (D) of the 2013 CBA (P. 279) dictates that the Canucks will also be responsible for 15 percent of Florida's cap advantage recapture penalties. This is because the Luongo trade was a retained salary transaction in which Vancouver retained 15 percent of Luongo's salary and cap hit.

Please note these estimates are based on 154/195 (Vancouver) and 41/195 (Florida) ratios of salary/cap hit for the 2013-14 season based on the trade date of March 4, 2014.


Retirement Year Net Cap Adv. (VAN) Net Cap Adv. (FLA) Penalty (VAN) Penalty (FLA)
2014 $8,520,372 $290,294 $1,070,489 x 8 $30,843 x 8
2015 $8,520,372 $1,670,960 $1,253,002 x 7 $202,902 x 7
2016 $8,520,372 $3,051,627 $1,496,352 x 6 $432,313 x 6
2017 $8,520,372 $4,432,294 $1,837,043 x 5 $753,489 x 5
2018 $8,520,372 $5,812,960 $2,348,079 x 4 $1,235,254 x 4
2019 $8,520,372 $3,861,627 $3,033,205 x 3 $1,094,127 x 3
2020 $8,520,372 $146,294 $4,271,158 x 2 $62,174 x 2
2021 $8,520,372 $0 $8,520,372 x 1 $0