Thanks to Roberto Luongo, Vincent Lecavalier, Ilya Bryzgalov, and Rick DiPietro, the past week of NHL transactions will probably be remembered as the Revenge of the Long-Term Contracts. With Luongo trapped in Vancouver and the other three players receiving buyouts that total almost $80 million, teams that tried to beat the system with extended deals are starting to feel some serious pain.
After years of teams signing players to ridiculously long-term deals, often front-loading them to exploit a salary-cap loophole, the NHL moved to put a stop to the practice in the last CBA by limiting contracts to a maximum of eight years. But the contracts signed under the old CBA still remain, and many of them don’t look good.
So I thought it would be a good idea to go through the full list of contracts longer than eight years that were signed during the salary-cap era and do a player-by-player breakdown of all [checks CapGeek] 21 of them.
Wait, 21? I’ve got to be honest, that’s way more than I thought there would be. What the hell, NHL owners? This is going to take a while.
[Strongly considers introducing an arbitrary cutoff like “12 years” and going to lunch early.]
[Ah, screw it, let’s do this.]
Here’s a look at each of those 21 contracts of nine years or longer, as we try to answer one question: In hindsight, did any of them actually turn out to be a good idea?
We’ll use the same format as we did earlier this week — expectations, reality, and whether it will continue — but add a special fourth category to deal with the possible fallout if the player continues to struggle.
After an exhaustive six-hour training camp, the NHL makes its long-awaited return Saturday. And while it’s been easy to forget over the past few months of lockout negotiations between grim-faced men in suits, hockey is a sport played on ice by actual hockey players.
Let’s take a look at some of them now. Here are 10 players who’ll be especially interesting to keep an eye on over the next few months:
"SLASHVILLE," screamed the cover of The Hockey News's "Money Issue" that arrived in my mailbox just yesterday. "Suter. Weber. Rinne. Who Would You Kiss Goodbye?"
Like a multiple choice test, we can now eliminate at least one of those answers. The Nashville Predators, a team closely-watched around the league this season as it figures out how to handle a tangle of two top defensemen and a stalwart goaltender who are all on the verge of some form of free agency, began to unravel yesterday when they came to terms with goalie Pekka Rinne on a 7-year, $49-million deal.
It was a pretty sweet 29th birthday present for Rinne, who was drafted by Nashville in the eighth round in 2004. He has been part of a conveyer belt of goalies identified-by and developed-within the Predators' defense-first system championed by coach Barry Trotz and bolstered by legendary goalie coach Mitch Korn (who once worked with Dominik Hasek during his glory days with the Buffalo Sabres.) The Finnish netminder celebrated his birthday and new windfall with a 35-save shutout over the Phoenix Coyotes, his third blanking of the season.
Reaction to the deal has been mixed. On the one hand, Rinne is by most definitions one of the league's best in breed — he earned second in Vezina Trophy (best goaltender) voting last season and placed fourth for the Hart (the league's MVP) and so far has started every game for the Preds. On the other hand, goaltending can be a fickle position, that's a whole lot of dough, and Nashville's own status as something of a goalie factory almost ends up working against it — can't they just churn out a new, cheaper model?