Enjoy a free replay of this week’s Mayor’s Minutes on NHL Network Radio, where John Hoven joined host Jim ‘Boomer’ Gordon to discuss a full range of topics, ranging from the 2012 Stanley Cup Final in Los Angeles to the Anaheim Ducks current coaching search.
One of the key items covered was the future of Dion Phaneuf. Trading him would be the preferred option. However, with the 34-ear-old defenseman holding a limited No Trade clause, where he can submit a list of 12 teams he is not interested in playing for, executing a deal of this sort comes with many hurdles. If the Kings aren’t able to move him to another team in the coming days — and they then opt to go the buyout route — keep in mind the Ottawa Senators will take 25% of the cap penalties (as they’re on the hook for 25%, per the original trade).
If the Kings buyout Phaneuf, this is how the salary cap hit would appear on the LA books (per Cap Friendly):
2019-20 $2,187,500
2020-21 $4,062,500
2021-22 $1,062,500
2022-23 $1,062,500
Currently, Phaneuf’s contract comes with a cap hit of $5,250,000 this season and next. Thus, a buyout would reduce that number this coming season and the following year. Following, there would also be a penalty of about $1M per season in years three and four. Besides the cap/cash considerations, removing Phaneuf from the Kings roster would open up ice time for some of their younger players.
RELATED NOTES:
(a) If you’re curious about what’s going on with the Kings at forward, take a look here:
(b) More contact info:
LA Kings have begun talking new contracts for RFAs Adrian Kempe and Alex Iafallo. Still a ways to go before all parties put ink to paper. Yet, my estimates would be around 2.5M per for each player, and two year deals. We'll see how it shakes out in the weeks ahead.
— John Hoven | The Mayor (@mayorNHL) June 12, 2019
Today’s radio segment can be heard using the player below or download any of our audio files for free on the MayorsManor iTunes page located here.
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