The Canucks are set to buy out the remainder of Oliver Ekman-Larsson’s contract, effectively freeing up cap space over the next few years while extending the contract on the books from 4 years to 8 years.
Thank you to my lead sponsors:
√ VancityExperts Real Estate: https://www.vancityexperts.com/
√ Perform and Transform Personal Training and Weight Loss: https://www.ptform.com/
√ Gassy Jack Art: https://www.gassyjackart.com/
√ Monkey 9 Brewing: http://www.monkey9.ca/
√ Vessi Footwear: https://tinyurl.com/vessiclay Look for the discount code DRYSOCKS-AP-19123 at the top of the page to receive a free pair of socks.
——————————————————————–
Connect with me:
√ Join the CCC Crew: https://www.youtube.com/canuckclay/join
√ Twitter: http://www.twitter.com/canuckclay
√ Apple Podcasts: https://tinyurl.com/cccapplepodcast
√ Spotify: https://tinyurl.com/cccspotifypodcast
√ Cameo: http://www.cameo.com/canuckclay
√ Website: http://www.claytonimoo.com
√ Canucks After Dark: https://bit.ly/3yZI6TT
——————————————————————–
#canucks #vancouvercanucks #nhl
My bio: I am a Canucks season ticket member, award-winning video creator, speaker, parody song creator, and founder of the GLCPC (the Good Looking Canucks Positivity Club). I’ve volunteered with the Canucks organization for numerous charity events and I’ve written close to three dozen songs about, for, and with the team.
Thanks for coming by. Make sure you subscribe to my channel!
Thank you to the amazing and generous members of the CCC Crew:
LEGEND:
• Lucas Gates
• Carol Bovenlander
• andrew chang
Hall of Fame:
• Justin Credible
• Dravakian
• Shannon Hollingworth
• Hsmfangirl Gaming
Franchise:
• jarhead0099
• Coach Rob Wille
• Jeff King
• Ethan
• Edmond Yan
• C Edits
• G Mod
• Elfren Ordanza
• Derek Chang
• R Umlas
• Justin Pater
• Paul Sangha
• Jed Lawson
• Clifford Reynolds
• Harry Ma
• Taylor Betts
• Brian Desjarlais
• Brian Gogolin
• Jaskaran Cumo
• FillmoreWax
• Jason Lim
• SMW
• Rosario
• Kevin Choy
• Jack Maloney
• jesse lamontagne
• Macky Singh
• Canuckclaysuperfan2023
• Kempner Canucks
• Zhao
• Ryan Ross
• Manager gurpreet
35 Comments
Hi clay great vid I’m nervous about paying oel for 8 years instead of 4 esp years 3 And 4 sure his contract sucked I do remember allvin saying he wasn’t going to do buyouts unless they’ve had secret talks with peteys camp And are confident he will sign a extension but that won’t affect cap this next season though so who knows
It was needed but as a Canucks fan I'm still terrified because this empowers ownership to use this cap space to make same mistakes and push for playoffs this year and next year and I firmly believe this roster isn't a cup winning roster in the next 3 to 4 years at the minimum.
What a disaster. Yet another short cut that will crush this team in the long term.
I would have preferred to keep OEL around. He is getting injury prone, and was pretty likely to end up on LITR at some point.
Was the OEL trade the worst in Canucks history? Maybe the worst league-wide in the cap era?
I feel like the fact that ownership fork the bill for this buy out .They're admitting that they pushed for that player to be traded to us for playoff contention
I'll be doing an unscheduled livestream at 11pm PT tonight to talk about this surprising news. Come join me: https://www.youtube.com/watch?v=1Xfk85IbaQw
It's not my money so I'm good with it , as you say it gives them some flexibility and the cap will probably go up 10 million over the next 3 years so it won't hurt as much the further we go.
I hate that we have to spend dead cap money but it needed to be done
It's promising to have this space, but still hate Benning for getting us into this mess in the first place
You know you're a bad employee when your boss pays you big money to not come to work anymore.
i like it, especially if they can also more myers 6 mil cap hit.benning's mistakes fixed.
is poolman healthy now or still on ltir? move these contracts a retool the team to playoff competitive hockey. we all knew that fixing the team would hurt first. obviously, they couldn't make the moves they wanted. cudo's to ownership for footing this bill to move the team forward.
So hard being a Canucks fan. This management team is trying to be worse than the previous regime. How many times has this new management team gone back on their word, makes them seem so Mickey Mouse.
I'd prefer the current overpaying him by 3-4M a year rather than a buyout
Buyout OEL mean Canucks need 1.) Draft the best player if possible in next few year draft because there have no room to make any error for signing new player 2) your own ELC players (forwarder and D man) need to step up and play like 3-4M players in rookie year, and 3.) No room to make any mistake for sign player with long term contract, they need to stop gambling on UFA market and stop giving any big fat long term contract to any player (except Petterson)
So how much cap space does Canucks have this year to spend?
Great news… much better then trading our pick to move contract… now sign petey n get a top 4 d….
The canucks have wiggle room . Now they have room to sign new players .
happy day!
If the total savings is 10 million, and he couldve played four more seasons, isnt that like saying he s not even worth 2.5 mill a year (if you take distribution of the cap hit aside). In other words they are mortgaging their future for quick cap space, even though if all we gain is 10 mill, it was probably worth it to keep him for four!
time for Pesce?
This is a great day Canuck Clay!
Never a fan of the deal from day one. Giving up a first rounder for an older guy with a huge contract. Now stuck with some portion of his contract for 8 years! All dead cap space. But either option, keeping him for the next four years or the buyout, is terrible
We did it oel makes sense He Declined anyways nevers the same players since Benning core coming to and end soon 7 to go
Jim Rutherford slowly destroying the canucks
20 million to leave the Canucks is like winning the lottery lol
This was the right choice as long as we use the cap space properly.
Yeah, it's an 8 year pull to swallow, but if you want to pretend that you're a Cup contender this year you have to do it.
Bad move, same short sighted move… 4 years goes twice as fast as 8… we won't challenge for anything next year anyway…. also possible he has a bounce back season
Later OEL
I'd rather have just dealt with him playing for his contract rather than being bought out and having the Canucks stuck with more cap dead weight..
If management was really serious about cap space and buyouts (as they said), I had strongly believed (for a few months now) that OEL would be the prime candidate. Yeah, this will add 4x$2.1M, but who really knows what the impact will be 4 years from now? Maybe the cap will be so much higher that it's a 1% hit (rather than a 2.5% hit).
The cost of that buyout is insane
Sports contracts doesn’t make sense, it should be based on performance. Us regular folk never get paid millions for slacking let alone a 2 week notice
Here Arizona have a top 10 pick and a bunch of cap savings for absolutely nothing. Thanks, signed Dim Jim.
I dont watch hockey much but Tyler Myers has a 6M cap hit but a 5M signing bonus. Wouldnt he be good to trade for a team wanting to not spend money but reach cap floor likd Anaheim or Arizona
It's all about the cap.