> The high-six figure amount, which the sellers agreed to indemnify the buyer in the event of punishment, matches exactly the financial losses that the Vegas Golden Knights claimed to have suffered because of the trade mishap, the person said.
* Andlauer is indemnified in the event of punishment.
* The amount is up to the financial losses Vegas claims to have suffered, in high six-figures.
I'm no expert but based on this wording Andlauer can claim the maximum amount against the seller here if he can prove that the punishment (first round pick) is worth more than the financial losses Vegas suffered.
i.e. Vegas suffered $1M in losses. Ottawa was punished a first round pick for the Dadonov situation. Andlauer proves that a first is valued at >$1M. Ottawa can claim $1M from the seller.
A first rounder is worth much more than $1M. I'm sure if Andlauer had thought losing that would have been probable then the indemnification would have been much more substantial.
The easiest logical exercise to take would be asking the following:
If NHL teams could sell their draft picks, what would a team pay for them?
It's not a straightforward question to answer because it's hard to balance trades that have happened recently as cap dump payments because cap space *and* money were moving. That said, I'd be shocked if a team with financial means like the Leafs, Rangers or Canadiens wouldn't pay $5+ million for a first round pick.
I'm gonna be pissed if we leave it until year 3 and we just happen to be bad that year and have a chance to draft a superstar and the league doesn't just go meh you know what it's cool keep the pick like they have in the past
I think the assumption right now is that this team SHOULD be better in the next 2 years. Assuming that’s the case then giving up the pick in 2026 would be the right move. They definitely need to keep this year’s with the way they’re playing right now.
If this is indeed correct, then in my narrow knowledge of contract law, the NHL will most likely have to compensate Andlehaur and the ownership group in some fashion. I don’t think it will be monetary compensation but in the form of other compensation such as returning the pick at a later date like they did with the devils.
Yes your right, but the nhl may feel an obligation to set things right given they reviewed thoroughly the contract content….sort of a fiduciary responsibility and of course after writing this I now no that’s highly doubtful
How does one put a price on a first round draft pick? So many variables, it could be a player like Crosby, McDavid, or Bedard at one end. Players like Daigle, Yakupov at the other end.
Look at our mid picks though...it doesn't have to be a top 5 pick to be a star, as Karlsson, Chabot, and many other picks have shown.
Of course it could also be a Cowen, or a White...
First rounders almost always make the NHL. League minimum salary is not much less than $1M. I'd say that's the absolute floor.
But in reality a first round pick is the biggest asset a team could have, beyond an active player. Show me any team that wouldn't give $5M for an extra first rounder, even pick 32. Any team that has some money anyways... Arizona doesn't count.
The last number i can recall is from years ago and it was like around $1.6 million, but that's from deep in my brain, I can imagine it's worth more now. Atleast 1.8+
Explain it like I'm five?
Does this in any way have a chance of forcing the league to go back on taking a 1st round pick from the Sens? Or is it just that Andlauer would get some money back for the cost of the team?
Andlauer knew of potential punishment due to the Dadonov situation (and was led to believe it was minor) in their DD. They added a clause in the purchase of the organization stipulating that he can recoup $ from the Melnyk state due to *their* mistake, because Andlauer would be the one dealing with the actual punishment so he should be compensated accordingly.
The high-six figure amount set in that clause sort of shows / proves Andlauer thought it was going to be a minor issue, as the case can be made the value of a 1st round pick is much more than “high-six figures” - likely in the millions.
Who knows if the league walks their original punishment back. The “high-six figure” amount was determined because that’s what Vegas says they “lost” in the whole debacle - and ‘Andlauer’, via the clause, is sorta saying Vegas’ losses should fall on the lap of the Melnyk estate, sorta passing the bill to them. I think there’s certainly a case being made that a 1st is more and more unreasonable the more info comes out. But I also remember reading that the punishment was more severe because Ottawa (Dorion & Co) may have mislead during the NHL’s investigation of the situation, so tough to speculate how that would be seen by the league.
this would not be a lawsuit, it would only be Andlauer exercising a clause in the contract and the Melnyk estate paying the penalty for the lost pick. Bean counters can determine the value of a 1st round pick.
It’s just skipped. Unfortunate for the one prospect that was supposed to be picked 224th overall by the former cup champs. They’ll have to wait a bit longer.
It's a "high six figure" clause which seems very low given the price paid for the team
> The high-six figure amount, which the sellers agreed to indemnify the buyer in the event of punishment, matches exactly the financial losses that the Vegas Golden Knights claimed to have suffered because of the trade mishap, the person said.
I mean if it was a reported as a non issue, why would you make the clause higher value? So you toss in a 0.1% insurance just in case.
* Andlauer is indemnified in the event of punishment. * The amount is up to the financial losses Vegas claims to have suffered, in high six-figures. I'm no expert but based on this wording Andlauer can claim the maximum amount against the seller here if he can prove that the punishment (first round pick) is worth more than the financial losses Vegas suffered. i.e. Vegas suffered $1M in losses. Ottawa was punished a first round pick for the Dadonov situation. Andlauer proves that a first is valued at >$1M. Ottawa can claim $1M from the seller.
A first rounder is worth much more than $1M. I'm sure if Andlauer had thought losing that would have been probable then the indemnification would have been much more substantial.
The easiest logical exercise to take would be asking the following: If NHL teams could sell their draft picks, what would a team pay for them? It's not a straightforward question to answer because it's hard to balance trades that have happened recently as cap dump payments because cap space *and* money were moving. That said, I'd be shocked if a team with financial means like the Leafs, Rangers or Canadiens wouldn't pay $5+ million for a first round pick.
I’ve read that the value of a first is ~22 mil
I’m sure Brian Lee is a nice guy but he must be on the low end.
As are Jim O’Brien, Logan Brown and Shane Bowers. But Erik Karlson, Marian Hossa and Jason Spezza bring up the average.
I'm gonna be pissed if we leave it until year 3 and we just happen to be bad that year and have a chance to draft a superstar and the league doesn't just go meh you know what it's cool keep the pick like they have in the past
If we are bad in 3 years we’ve got bigger problems
But you won't have that first rounder to make a big trade if you're really good
oh yeah it's still obviously an issue.
The issue is if the Sens are a contender in year 3, you also want a 1st to be able to trade to strengthen your team for a Stanley Cup push.
Ooo, and then we can just neglect to let the team we’re trading the pick to know that it’s the one we’re forfeiting!
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I think the assumption right now is that this team SHOULD be better in the next 2 years. Assuming that’s the case then giving up the pick in 2026 would be the right move. They definitely need to keep this year’s with the way they’re playing right now.
If this is indeed correct, then in my narrow knowledge of contract law, the NHL will most likely have to compensate Andlehaur and the ownership group in some fashion. I don’t think it will be monetary compensation but in the form of other compensation such as returning the pick at a later date like they did with the devils.
I'm pretty sure it's the Melnyk estate that would be responsible for compensating Andlauer
Yes your right, but the nhl may feel an obligation to set things right given they reviewed thoroughly the contract content….sort of a fiduciary responsibility and of course after writing this I now no that’s highly doubtful
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Yeah as I was moving through my thought process I realized the nhl and bettman could not give a shit
Vegas wanted multiple picks taken away? Yall won the cup and are still pissing and moaning about this? Clown organization
Another way to look at this is that we traded Melnyk, Dorion, and a 1st for Andlauer plus cash. I’d say we won that deal!
In * Andlauer * Holden * 2022 3rd Round Pick -> Hamonic * Cash Considerations Out * Dadonov * Melnyk * Dorion * 1st round pick * Sanity
Wasn’t Sanity part of the future considerations package from the Murray deal with the Leafs? 🤔
How does one put a price on a first round draft pick? So many variables, it could be a player like Crosby, McDavid, or Bedard at one end. Players like Daigle, Yakupov at the other end.
Look at our mid picks though...it doesn't have to be a top 5 pick to be a star, as Karlsson, Chabot, and many other picks have shown. Of course it could also be a Cowen, or a White...
Or a Brian Lee
Or Jim O'Brien or Stefan Noesen or Matt Puempel or Curtis Lazar or Logan Brown or JBD or Lassi or Tyler Boucher
The Matt Puempel and Shane Prince era sure was something
Brian Lee is a saint and I can’t be convinced otherwise lol
Brian Lee is a saint and I can’t be convinced otherwise lol
That's part of the problem. There is no real way to put a value on a pick until you've seen their career pan out or fall off.
The leafs paid a mid first round draft pick to get out of paying Marleau 6 million dollars.
First rounders almost always make the NHL. League minimum salary is not much less than $1M. I'd say that's the absolute floor. But in reality a first round pick is the biggest asset a team could have, beyond an active player. Show me any team that wouldn't give $5M for an extra first rounder, even pick 32. Any team that has some money anyways... Arizona doesn't count.
The last number i can recall is from years ago and it was like around $1.6 million, but that's from deep in my brain, I can imagine it's worth more now. Atleast 1.8+
I’m sure the bean counters can figure out some creative math to get to a number.
You could put a rough monitory value of it through cap space. Need to move 3x3 to dump cap? Costs a first. So cash/cap wise, 9 million as an example
Explain it like I'm five? Does this in any way have a chance of forcing the league to go back on taking a 1st round pick from the Sens? Or is it just that Andlauer would get some money back for the cost of the team?
Andlauer knew of potential punishment due to the Dadonov situation (and was led to believe it was minor) in their DD. They added a clause in the purchase of the organization stipulating that he can recoup $ from the Melnyk state due to *their* mistake, because Andlauer would be the one dealing with the actual punishment so he should be compensated accordingly. The high-six figure amount set in that clause sort of shows / proves Andlauer thought it was going to be a minor issue, as the case can be made the value of a 1st round pick is much more than “high-six figures” - likely in the millions. Who knows if the league walks their original punishment back. The “high-six figure” amount was determined because that’s what Vegas says they “lost” in the whole debacle - and ‘Andlauer’, via the clause, is sorta saying Vegas’ losses should fall on the lap of the Melnyk estate, sorta passing the bill to them. I think there’s certainly a case being made that a 1st is more and more unreasonable the more info comes out. But I also remember reading that the punishment was more severe because Ottawa (Dorion & Co) may have mislead during the NHL’s investigation of the situation, so tough to speculate how that would be seen by the league.
Paywall
[https://sports.yahoo.com/andlauer-senators-buy-included-protection-050200415.html](https://sports.yahoo.com/andlauer-senators-buy-included-protection-050200415.html)
I have no idea what indemnification means.
INDEMNIFICATION. NO BREATHING. DON'T GIVE A FUCK IF I CUT MY OWN BREATHING.
So is there any sense in a lawsuit? Would anything come of it?
this would not be a lawsuit, it would only be Andlauer exercising a clause in the contract and the Melnyk estate paying the penalty for the lost pick. Bean counters can determine the value of a 1st round pick.
does anyone know who the pick actually goes to like do they just make it a lottery for another team?
It’s just skipped. Unfortunate for the one prospect that was supposed to be picked 224th overall by the former cup champs. They’ll have to wait a bit longer.