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Report: Crosby might end up with 10-year deal worth $9 million annually

Jun 9, 2012, 10:22 PM EDT

Sidney Crosby, Evgeni Malkin AP

According to Hockey Night in Canada’s Elliotte Friedman, Sidney Crosby might end up with a 10-year contract extension from the Pittsburgh Penguins.

The team isn’t allowed to negotiate with Crosby until July 1, but it might not take much longer than that for the two to agree on money and term.

Crosby can essentially name his own price, but in the interest of not crippling the Pens financially, he’ll probably end up with an annual cap hit of about $9 million.

That would be only a mild increase over his current $8,700,000 million cap hit, so by itself, it wouldn’t cause the Penguins to significantly shake up their team. The problem is that Jordan Staal‘s contract will expire in the summer of 2013 and Staal is expected demand a significant raise — one that might result in the Penguins trading him.

There’s no question that a healthy Crosby is worth that kind of money, but given his recent concussion history, inking him to a long-term contract is a gamble. Still, for one of the best players in the world, it’s a risk worth taking.

Related:

Report: Penguins anticipate minimum seven-year deal for Crosby

That story about Crosby wanting a seven-year deal took a weird turn

  1. sportsfreak13 - Jun 9, 2012 at 10:36 PM

    Pay the man!

  2. Stiller43 - Jun 9, 2012 at 10:47 PM

    If its possible that 9 mil is a cap friendly deal, this is a cap friendly deal. Im glad for sid. He’ll get paid and leave room for other players to join him on the quest for the cup.

  3. phillyphever - Jun 9, 2012 at 10:53 PM

    9 mill a year for 10 years for a guy who has a concussion history. Sorry, IDC if it’s Gretzky, no way in hell I give someone who’s one hit away from being forced to retirement that kind of coin.

    • phillyphever - Jun 9, 2012 at 10:55 PM

      And before anyone from Pittsburgh kills me for this: if it was Giroux that had the same concussion history Crosby has and he’s asking for that kind of coin, I wouldn’t give it to him. Not worth the risk.

      • sportsfreak13 - Jun 9, 2012 at 11:14 PM

        if he would retire it would come off the books and he wouldn’t collect because he’s under 35. Even if he still would collect he makes the penguins more than 9 mill a year just by being sidney crosby. He averaged over 1 point per game after coming back. Plus malkin said he won’t ask for more $ then crosby, so that’s 2 superstars for 18 million or less. That will make it so Pittsburgh has at least 15 years of consecutive sellouts. That’s $!

      • crosberries - Jun 10, 2012 at 1:30 AM

        To phillyphever D-U-M dum. I think your hots for philthy is making you not think straight. And before someone gets on me for spelling dumb wrong it’s a joke. I wouldn’t pay giroux that kind of money either cause he’s no Sid. Where is everyone that thumbed me down when I said he would be in the top 20-25 paid players?? What a teammate.

    • stakex - Jun 9, 2012 at 11:15 PM

      I agree with that 100%, and theres even more to it.

      If Crosby gets a career ending concussion in the next couple seasons, this deal could cost the Pens $90 million or so to pay the guy to watch games from his couch. There is no way that doesn’t suck for the team, but its not the end of the world since they could place him on long term IR and get his cap hit off the books if nothing else.

      What would actually be worse is if Crosby suffers another non career ending concussion that degrades his play (think Lindros). Its possible in that situation the Pens could end up paying the guy a ton more then hes worth, and have to deal with the cap hit on top of it. Hell, no ones even sure what Crosby will show up next year. He might have had quite a few assists last year, but his shooting % was awful and he clearly struggled to score goals like he has in the past. Is that a sign of things to come? I don’t know, but I’m not sure I would gamble $90 million on it.

  4. GenoPringles - Jun 9, 2012 at 10:54 PM

    What a class act!!! The Soupcan is worth every penny. This Franchise will now be a cup contender for the next decade. Soupcan Army 13!!! Get ready NHL

  5. bensawesomeness - Jun 9, 2012 at 10:55 PM

    This is a really good way to make sure your team never has enough cap space to get a Cup contender – for is, Sid

    • bensawesomeness - Jun 9, 2012 at 10:55 PM

      *go for it, Sid

  6. ravenscaps48 - Jun 9, 2012 at 11:55 PM

    Look. I know I am not a Pittsburgh Fan. And I know about the rivalry and we don’t like each other. But from a business stand point, there is absolutely no way that they should pay him that kind of money when he has such a negative injury history. I respect the hell out of Crosby’s talent and his talent should be paid that kind of money, but this guy gets grazed by a high hit, and he’ll miss 10-25 games. You can’t 9 Million Dollars pay for that. No Way

    • crosberries - Jun 10, 2012 at 1:31 AM

      I can see why you would want to shy away from a long term deal. Ovi.

      • ravenscaps48 - Jun 10, 2012 at 10:17 AM

        I would be willing to bet money that Ovechkin scores 50+ goals next season

  7. dawglb - Jun 10, 2012 at 3:53 AM

    I love it! This is a classic case of paying for the past. There is no way they can believe that he is going to give them their money’s worth ….now. This is even crazier than Bryzgalov’s contract. Just watch.

  8. bru308 - Jun 10, 2012 at 6:02 AM

    Wow some of you guys are just absolute trolls, signing Crosby to a deal that only costs 9 mil a year is a steal. As mentioned before, it gives the Pens plenty of room to sign Malkin to an extension. That combo will keep fans in the seats for years. Plus, Crosby came back this year and was on pace to score 132 points if he had played the entire season. Which, by the way, makes him the highest point scoring player in the league by 20+ points. So, a $300k pay raise (he currently makes $8.7 mil) to a guy of that caliber is nothing, especially if he stays healthy. If he gets hurt and retires, then the contract comes off the books. And besides, how do you trolls know that your top player won’t get a career ending concussion this season? If Crosby stays healthy, and wins just one more Cup, you’ll all wish your team had pulled off a steal like this one. Go Shero. Go Pens

    • atwatercrushesokoye - Jun 10, 2012 at 1:11 PM

      I don’t think there’s anything wrong with paying Crosby $9 million per year, where I think they’re making the mistake is at 10 years, especially since the report this story is based on (from CBC’s satellite hot stove segment) indicated that it’s unlikely they’ll be able to get insurance for the contract. Just think about that for a minute, would you give a 10 year $90 million dollar contract to a guy who’s missed this many games over the last two years when the second he signs it you’re on the hook for every penny?

  9. wicky888 - Jun 10, 2012 at 8:10 AM

    9 mil a year isn’t bad for Crosby. At the very least he sells tickets and jerseys and attracts national (US ans Canada) attention, which translates into nationally televised games. All of the above equals $$ for the team. Sports teams are simply businesses trying to earn a profit.

    As a Flyers fan I look forward to hating him and the Penguins well into my 40’s, he spices up the rivalry.

  10. cgspens - Jun 10, 2012 at 12:23 PM

    Nobody has mentioned the fact that when Sid was out the Pens played just fine especially Geno he stepped up and carried the load quite well, well enough to get the MVP. Sid is a great player but when Geno is on he is as good or even better than Sid. It’s a tough call and I would hate to see the Pens without Geno or Stall. If the Pens sign this deal that could be a reality. Sid needs only one hit and he and Pronger could share a room at the rehab center. Keep the money and expand the core with good players with that money.

  11. bobhpine - Jun 10, 2012 at 8:51 PM

    9 mil a year for a player like crosby doesn’t cripple the pens with the cap at 70 mil. In 6 years when the cap is over 100 million and crosby takes up less than 10% of the cap, it will be highway robbery. Leave it to Flyers/Caps fans to advise about dumb contracts. Bryzgalov and Ovechkin are all not as good as crosby, are older, and…wait for it…havent won a cup…the cup thing is hard for you people to comprehend I think.

  12. tonyromoisterrible - Jun 10, 2012 at 9:35 PM

    One more concussion away from being the worst deal ever drawn up.

  13. spavs412 - Jun 11, 2012 at 11:44 AM

    I love Sid he is great for pittsburgh and the NHL. Anyways he makes more from endorsements right lol

  14. Jackagain† - Jun 11, 2012 at 4:54 PM

    I’m not a lawyer and I haven’t seen details of the contract, but I wouldn’t assume that the 90 mil is all guaranteed. I’ve never heard of such a thing in a long term sports contract.

    • Jackagain† - Jun 11, 2012 at 5:16 PM

      My post of course factors in the new possible new CBA….without a good guaranteed TV revenue, which the NHL teams don’t have, the new CBA could eliminate to some degree guaranteed contracts…especially if they increase the cap.

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