A Trade Market for Bobby Luo

Roberto Luongo, Vancouver Canucks

Photo credit: Vancouver Sun

Contrary to popular belief, there apparently is a market for a top-flight, 55-60-plus games per season, Olympic gold medal-winning, one win short of winning the Stanley Cup kind of goaltender.

On the same day the Toronto Maple Leafs fired GM Brian Burke for, among other reasons I’m sure, not pursuing Luongo as aggressively as some in the organization wanted, and replaced him with Dave Nonis, who, incidentally, was rumored to have been fired from the Canucks for not pursuing Brad Richards as aggressively as some in the organization wanted, the rumor mill started churning.

The Philadelphia Flyers, who probably don’t mind Ilya Bryzgalov’s worldly views but moreso his 0.887 save percentage and 3.46 GAA in last year’s playoffs, are now rumored to be interested in Bobby Luo.

Add them to the list with the Leafs, the Chicago Blackhawks, the Florida Panthers, and perhaps, even the Edmonton Oilers.

The belief out there is that Luongo’s contract is too big a risk to take on, especially with the new CBA penalties for teams with backdiving contracts – my good friend Tom here calls it a millstone – and it could hamper any trade leverage the Canucks have. But the new CBA may actually be helping the Canucks in this situation. More specifically, now that teams are allowed up to 2 compliance buyouts over the next two off-seasons, and these buyout amounts won’t count towards the salary cap, it may very well be creating some additional suitors for Luongo’s services.

Take the Flyers, for instance. In any normal season, Bryzgalov’s 9-year contract would, in all likelihood, remove them from the running for any Luongo deal. But what now if they can buy him out and not have the buyout amount charged against the cap? A Bryzgalov buyout could cost the team upwards of $17 million. But how much do the Flyers really want the somewhat flaky goaltender in front of an otherwise young and very good group of players for another 8 seasons? Like a lot of teams, they want to win now and I’d dare say wouldn’t care much about a $2 million cap hit penalty 7 years – several years – from now when the cap will most likely be in the $80-$90 million range anyway.

Is this enough to improve what the Canucks receive in return for the winningest goaltender in its franchise history? Can the additional market turn a return of Cody Franson to Jake Gardiner, or Matt Read to Sean Couturier, or Stephen Weiss to Jonathan Huberdeau? Maybe not quite. But it certainly won’t hurt.

J.J. Guerrero

Founder and Executive Editor of Canucks Hockey Blog. Proud Canadian, hardcore Canucks fan. I would like nothing more than watching the Canucks win the Stanley Cup. Against the Leafs.

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2 Responses

  1. Mannysparky says:

    Yap. I called this before the CBA was even settled. I knew the Flyers would come crawling. If this was the only opportunity you had to get rid of your massively expensive, enigmatic distraction of a sieve Russian goaltender – you’d do it too. They don’t want Bryz, nobody else in the league does either at that price point. They can’t bary him in the minors due to new CBA rules and his NMC – the only option they have is to buy him out. And a goalie like Luongo comes available once maybe every 6 yrs –  and Holmgren with his goalie graveyard knows it. I bet he goes all in on Luongo.

    I also think maybe 1 or 2 new teams will come calling. GMs will have more $$ in their pockets due to the new CBA. Some will be more anxious than others to put a better team on the ice (just like last lockout). Gillis was right to wait it out. He’s also right to wait it out till the summer when potentially more teams will be calling of course, there are risk in doing that – and I don’t think he waits that long.

    But I will say this, Toronto has zero chance to acquire Luongo if Philly and Florida are still in the picture. No way Lu waives for Tor when he can play at home (Fla), or for a cup contender in Philly. He he, good luck with Scrivens/Reimer Toronto! Ha ha

  2. If Gillis has shown anything in his tenure, it’s patience. In this case, waiting for the new CBA seems to have worked in his favor. Here’s hoping it translates into improved offers for Luo.

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