Blockbuster deadweight contract trade: June 29
Skinner (50% retained) for Eriksson, Roussel, Beagle (all 50% retained) and Myers (30% retained). Deal is net $ neutral (assuming skinner is bought out).
Skinner immediately bought out. Costs ~30 million. Cap hit for the following 12 years (split 50/50 between vancouver and buffalo): 1.47, 8.97, 1.47, 1.47, 4.47, 6.47, 2.47, 2.47, 2.47, 2.47, 2.47, 2.47
I assume seattle won't take Holtby or Myers, but if they do it's a positive for the Canucks. Both are negative-value contracts IMO.
The essence is: Buffalo takes on 10.5 million extra in cap in year 1, gains ~1.5 million extra cap space every other year relative to having to buy skinner out themselves. Canucks take on long-term moderate cap hit in return for space in the next 3 years while their core is young.
Note the retained cap in the skinner buyout is not being properly calculated by capfriendly below. Canucks will have ~4.5 million more cap space than shown in 2022-2023.
I think this is one of the few ways buffalo will get out from skinners contract - they won't find a team to eat the whole thing. It lines up perfectly with their timeline! They eat a lot of bad cap in year 1, and then benefit over the long term. Here's the year-by-year breaddown of the impact of this trade on their cap: (+ means more cap hit relative to the alternative, - means more cap space):
9.5, -0.3, 3.5, -0.7, -2.2, -3.2, -1.2, -1.2, -1.2, -1.2, -1.2, -1.2
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