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Leafs sign Mitch Marner to 3-year ELC

Tuesday?s contract signing was not the first time new Maple Leafs general manager Lou Lamoriello had met the club?s top draft pick, Mitch Marner.

Both recalled a frantic NHL draft day in Florida a month ago, when Lamoriello was still in charge of the New Jersey Devils and Marner?s fate was unknown until the first-round roll call began that evening. Choosing seventh, three picks after the Leafs, Lamoriello interviewed the right winger/centre of the London Knights in case he would still be available.

?It was about a five or 10-minute talk, he was very nice and there was a lot of the usual draft interview tactics,? Marner recalled. ?I met Lou again today and he was joking ?I had to switch teams to finally get you?. ?

http://www.torontosun.com/2015/07/28/leafs-sign-first-round-pick-marner

Was that really Lou telling a joke or should Marner be afraid for his safety right now?
 
CarltonTheBear said:
Tuesday?s contract signing was not the first time new Maple Leafs general manager Lou Lamoriello had met the club?s top draft pick, Mitch Marner.

Both recalled a frantic NHL draft day in Florida a month ago, when Lamoriello was still in charge of the New Jersey Devils and Marner?s fate was unknown until the first-round roll call began that evening. Choosing seventh, three picks after the Leafs, Lamoriello interviewed the right winger/centre of the London Knights in case he would still be available.

?It was about a five or 10-minute talk, he was very nice and there was a lot of the usual draft interview tactics,? Marner recalled. ?I met Lou again today and he was joking ?I had to switch teams to finally get you?. ?

http://www.torontosun.com/2015/07/28/leafs-sign-first-round-pick-marner

Was that really Lou telling a joke or should Marner be afraid for his safety right now?
Click to expand...

He's old enough to potentially have invented the art of joking.
 
Actually it was Adam Lamoriello who invented joking:
"knock knock"
"Who's there"?
"God"
"God Who"

I was really tempted to put whom in there!
 
Nice to see Sportsnet slumming it up with the Buzzfeed clickbait headline:

"YOU WON?T BELIEVE WHAT MARNER WILL BUY 1ST WITH MONEY"

The answer will SHOCK you!

Marner "Just a meal"
 
Joe S. said:
Maybe this is a stupid question but he doesn't collect any of his elc until he plays in the NHL?
Click to expand...

He would collect any signing bonuses scheduled to be paid out on a certain date.
 
Joe S. said:
OK thx... I get bonuses... But his yearly salary wouldn't start till his in the NHL right?
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Right. I think it's October 15th when players get their first paycheque of the season. So he'd have to still be with the Leafs at that point to get that.
 
Hypotheically, if he is on the roster all year but only plays in 9 games, would he collect all his money and have his ELC slide?
 
Deebo said:
Hypotheically, if he is on the roster all year but only plays in 9 games, would he collect all his money and have his ELC slide?
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Yeah. The 9-game rule is pretty black & white, and I'm pretty sure the NHLPA would have something to say if a player on a NHL roster wasn't getting paid.

My previous reply to Joe was technically wrong too I think. Even if he spent just a day on the Leafs roster during the regular season he would get paid for that day when paycheques are mailed out.
 
Am I right to assume that the bonuses on ELCs are capped? Otherwise they can circumvent the intention by paying them a large bonus even if they only play a handful of games.
 
Bullfrog said:
Am I right to assume that the bonuses on ELCs are capped? Otherwise they can circumvent the intention by paying them a large bonus even if they only play a handful of games.
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Signing bonuses are capped, yeah. To a maximum of 10% of the players NHL salary (which is capped at $925k).
 
Ya, that was lazy of me. Took about 20 seconds to look it up in the CBA.  :)

Also, max. salary of $70k in the AHL (though the junior-eligible players wouldn't be allowed of course); all ELCs are two-way contracts.

So, a rookie like Marner could potentially make up to $92,500 in a signing bonus and then play in junior. Not too bad for an 18 year old. Plus a few thousand for each day on the NHL roster.
 
Bullfrog said:
Ya, that was lazy of me. Took about 20 seconds to look it up in the CBA.  :)

Also, max. salary of $70k in the AHL (though the junior-eligible players wouldn't be allowed of course); all ELCs are two-way contracts.

So, a rookie like Marner could potentially make up to $92,500 in a signing bonus and then play in junior. Not too bad for an 18 year old. Plus a few thousand for each day on the NHL roster.
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It's kind of funny that both Nylander and Kapanen could potentially earn more on one-day than they would throughout the rest of the season ($92,500 signing bonus vs. $70,000 annual salary in the AHL).
 
Here's what I don't get - if the contract "slides" then it doesn't start correct?  So if someone like Nylander's in the AHL, he wouldn't be paid a portion of his deal like above right?  If the contract doesn't start because of under-10 games in the NHL, they wouldn't be paying a portion of it would they?  So wouldn't it be a separate AHL deal?

I'm confused by this how it relates to situations like Nylander/Kapanen.
 
Potvin29 said:
Here's what I don't get - if the contract "slides" then it doesn't start correct?  So if someone like Nylander's in the AHL, he wouldn't be paid a portion of his deal like above right?  If the contract doesn't start because of under-10 games in the NHL, they wouldn't be paying a portion of it would they?  So wouldn't it be a separate AHL deal?

I'm confused by this how it relates to situations like Nylander/Kapanen.
Click to expand...

I wouldn't say "slide=doesn't start", it's more like "slide=extends". Their situations should be clearer with that terminology.
 
http://capgeek.org/nhl-salary-cap-faq-how-does-an-entry-level-contract-slide/

HOW DOES AN ENTRY-LEVEL CONTRACT SLIDE?
If a player aged 18 or 19 signs an entry-level contract with a club (with his age calculated on Sept. 15 of the year he signed the contract) but does not play in at least 10 NHL games (regular season or playoffs)?? the contract will ?slide? or be extended one year. The extension does not apply if the player turns 20 between Sept. 16 and Dec. 31 in the year he signed the contract.
Depending on the contract?s structure, the player?s cap hit can be affected either by an increase or a decrease. Players who sign at age 18 can have their contract extended (or ?slide?) two seasons.
While this is fairly straightforward for players returned to junior, it often leads to confusion for fans when 18- and 19-year-olds are assigned to a minor-league club. These situations are no different: the contract still slides, just as examples for Tomas Tatar and Niclas Bergfors illustrate.
CBA reference: Section 9.1 (d) (P. 23-24)
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More to Potvin's query, if Nylander/Kapanen played 8 games in the NHL at the beginning of the season, I assume they'd get paid according to their NHL salary for those days they were on the active NHL roster ($925K/82 x 8 games). But the ELC year isn't counted until 10 games. Is that correct?
 
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