Skip to content

Yzerman doesn’t like offer sheets

Jun 11, 2012, 2:55 PM EDT

Steve Yzerman Getty Images

Last week, we wrote about the likelihood of offer sheets being extended to restricted free agent goalies this summer. The Globe and Mail’s James Mirtle reported a number of league executives he’d spoken to were speculating that general managers like Tampa Bay’s Steve Yzerman and Toronto’s Brian Burke could force, say, Vancouver to match a big proposal for 26-year-old rising star Cory Schneider.

Today, however, the Tampa Bay Times reports that Yzerman isn’t a huge fan of offer sheets.

“The only way a team doesn’t match the offer is if you grossly overpay the player,” Yzerman told the Times. “That’s why I don’t like it. If you do a contract for the right value of a player, chances are the other team is just going to match it.”

In the case of the Canucks, it would take a massive offer to let Schneider go for compensatory draft picks.

Under the current CBA, RFA compensation works like this:

$1,034,249 annual cap hit or less: No compensation
$1,034,249 — $1,567,043: Third-round pick
$1,567,043 — $3,134,088: Second-round pick
$3,134,088 — $4,701,131: First and third-round pick
$4,701,131 — $6,268,175: First, second and third-round pick
$6,268,175 — $7,835,219: Two first-round picks, a second and third
$7,835,219 and higher: Four first-round picks

Of course, much of a team’s decision to match or not depends on term. For Schneider, even an offer like five years and $30 million would probably be matched, regardless of the Canucks’ cap situation. The compensation just isn’t enough for a contender like Vancouver. So a good, young goalie gets overpaid by a couple of million per season. A team with deep pockets can deal with that.

Maybe the Canucks would let Schneider walk if the offer was north of $6,268,175, but would Yzerman make it?

  1. theawesomersfranchise - Jun 11, 2012 at 3:05 PM

    Dear Stevie Y
    We didn’t like giving any of you free agency before you’re 32 years old, so this was the best we were offering. Your union accepted it.

    – Signed
    The Owners

  2. gscheelar - Jun 11, 2012 at 3:37 PM

    The slagging of the offer sheet is ridiculous. It is a legitimate way to attempt to sign a player. If GMs don’t like it, push for its removal in the next CBA. If it survives this round of negotiations, then use it. The NHLPA sure could use the lack of offer sheets as evidence of potential collusion. If all the GMs “hate it” and refuse to use it, then it certainly might indicate a problem.

  3. claysbar - Jun 11, 2012 at 4:36 PM

    I still remember the blow back when Carolina tried to sign Federov to an offer sheet. You would have thought that a nun had lit a box of puppies on fire.

Top 10 NHL Player Searches
  1. P. Kessel (1816)
  2. P. Kane (1487)
  3. M. Richards (1317)
  4. P. Datsyuk (1307)
  5. N. Backstrom (1169)