Feb 21, 2013; Dallas, TX, USA; Vancouver Canucks goalie Roberto Luongo (1) warms up before the game against the Dallas Stars at the American Airlines Center. The Canucks defeated the Stars 4-3. Mandatory Credit: Jerome Miron-USA TODAY Sports

Islanders Interested in DiPietro-Luongo Swap with Canucks

The New York Islanders are reportedly interesting in doing a Roberto Luongo and Rick DiPietro trade with the Vancouver Canucks. There is no interest on the Islanders part, however, to throw in an asset to entice the Canucks to do the trade.

The Islanders feel like they are doing the Canucks a favour by making this trade as DiPietro is cheaper to buyout than Luongo.

It will cost the Canucks just over $27 million to buyout Luongo. DiPietro, on the other hand, will cost a little less at $24 million. It will be a savings of $3 million for the Canucks if they bought out DiPietro instead.

The benefit of saving $3 million in hard cash is negated if Luongo retires before the expiration of his contract in 2022 and the Canucks are penalized under the cap benefit recapture rule (as pointed out by Mr. Breton on Twitter).

Why not buyout Luongo outright if the Canucks are going to trade him to the Islanders for DiPietro? There is no way the Canucks make this deal unless they get an asset in return since this deal is full of benefits for the Islanders and none for the Canucks.

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