How Roberto Luongo's Retirement Affects the Blue Jackets

By Peter Fish on June 28, 2019 at 1:51 pm
Mar 30, 2019; Boston, MA, USA; Florida Panthers goaltender Roberto Luongo (1) skates during a time out in the third period against the Boston Bruins at the TD Garden.
Brian Fluharty-USA TODAY Sports

One of the largest obstacles in the way of what has been a widely-reported interest from the Panthers in Bobrovsky was that they had two goaltenders already on their roster. But with Luongo's retirement, a roster spot is no longer an issue.

The only issue will be the cap recapture on Luongo's contract, which it seems will be in effect for the next three seasons despite his injury history causing him to step away from the game, so no LTIRetirement for Luongo. Luckily or unluckily, the Panthers face a recapture penalty of just over $1M per season for the next three years.

This is a net salary gain for the Panthers, who have been paying him $4,533,333 per season with the Canucks paying the other $800k of his contract – meaning, the Panthers saved just under $3.5M, which the Canucks get hit with a $2.2M salary loss after factoring in the $800k salary retention that now comes off the books.

Back to Bobrovsky. With $3.5M more in salary that pushes the Panthers to a projected cap space of $23,914,206 and while they still need to sign some players with only eight forwards and five defensemen currently on their roster, there is certainly enough room and now a roster spot to sign Bobrovsky.

It also provides a bit more room if they would like to add a certain Russian forward to their roster as well, but to flesh out their team, the Panthers would need to find more room which would likely come from a trade.

So what does Luongo's retirement mean for the Blue Jackets? In short: nothing good.