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Lemieux on Crosby contract: “This is a great day for hockey”

Jun 28, 2012, 1:40 PM EDT

Mario Lemieux, Sidney Crosby AP

Even though Sidney Crosby‘s 12-year, $104.4 million contract extension won’t be official until Sunday — he can’t sign before July 1 — the Pittsburgh Penguins have gone ahead and trumpeted arguably the biggest signing in franchise history.

Appropriately, Mario Lemieux was one of the first to praise the deal.

“This is a great day for hockey and tremendous news for the Pittsburgh Penguins and our fans,” Lemieux and Pens co-owner Ron Burkle said in a joint statement. “We are grateful for all that Sidney Crosby has done for our franchise since coming to Pittsburgh in 2005, both on and off the ice, and we look forward to having him in a Penguins uniform for the rest of his career.

“He is an excellent player and an even better person, and he is a great ambassador for the Penguins and for Pittsburgh.”

As for the particulars…

Insurance: According to ESPN’s Pierre LeBrun, Crosby’s deal won’t be fully insured for two reasons. One, because of his concussion history and two, because no NHL contract longer than seven years is fully insurable.

Breakdown: The deal has an average annual value of $8.7 million — the same cap hit Crosby’s got on his current deal. We likely won’t know the yearly salaries or if the contract is front-loaded until Sunday, when it becomes official.

$100 million club: Crosby becomes just the third NHL player to secure a contract of $100 million or more (Alex Ovechkin, Ilya Kovalchuk) and joins a list of $100 million pro athletes that includes Albert Haynesworth, Mike Hampton, Barry Zito and Gilbert Arenas. Just a few of the many success stories!

Related: Report: Pens to announce massive Crosby contract Sunday (Updated)

  1. binkin21 - Jun 28, 2012 at 1:48 PM

    Haynesworth is NOT a $100 million man, he only collected about $42 mil of that deal before the Skins cut him

  2. spavs412 - Jun 28, 2012 at 2:21 PM

    Class act love #87 pumped to see him here for ever!! Now let’s get Geno done!

  3. freneticgarfieldfan - Jun 28, 2012 at 2:42 PM

    pretty much for a “garage league” player, right ML?

  4. murtdurt - Jun 28, 2012 at 2:45 PM

    What about Albert pujols? Or Joey votto? I’m sure there’s other baseball players who are also in the 100 mil club regardless of their athleticism. Anyways this is a great deal for sid and the pens and leaves plenty of money on the table for UFA’s and resigns. Also shero and Lemieux are not idiots contrary to what people in Philly might think. They wouldn’t hand Crosby that kind of money if they didn’t already have the medical records to prove he will be just fine

  5. mclovinhockey - Jun 28, 2012 at 3:08 PM

    An I the only one who sees Sid retiring at 30??? He must have 4 years on the end of the contract at like 2 mill… Plus his injury history…. Not sure but still a great deal for the pens….. No raise at all for Sid.

    • handsofsweed - Jun 30, 2012 at 1:00 PM

      Yes, yes you are.

  6. obamablowz - Jun 28, 2012 at 3:36 PM

    I’m a Philadelphia fan and hope it works out for him. When Pittsburgh was without Crosby it wasn’t as fun to watch Flyers/Pens games. I don’t want to see anyone get injured or have their health at risk…after all, this is just a game.

  7. buffalomafia - Jun 28, 2012 at 3:44 PM

    Is Cynthia Crosby still going to cry like a sissy on a soap opera everytime she gets checked?

    • fbothharbaughs - Jun 28, 2012 at 4:49 PM

      Other than wings, is Buffalo relevant for anything?

      • murtdurt - Jun 28, 2012 at 6:01 PM

        Wasn’t it ranked the dirtiest city in the US? That counts for something doesn’t it?

      • danphipps01 - Jun 28, 2012 at 7:28 PM

        Certainly makes for a good laugh or two, at least, but Buffalo kind of did that on its own to begin with.

    • hockeyfan1701 - Jun 28, 2012 at 6:42 PM

      “Cynthia Crosby” really? Grow child and let the adults use the computer.

  8. Chris Ross - Jun 28, 2012 at 3:46 PM

    All things aside, this is a bargain if the Penguins can get 6 to 8 good years out of him. 12 years and $104 mill isn’t too bad especially when you look at the other two in the $100 million club (Kovalchuk and Ovechkin). Big risk and big reward. Who knows how it turns out. We’ll see but they have a Stanley Cup winning roster without Crosby and with him they are deadly. If he’s healthy, this will be a team to watch for years to come.

    http://chrisross91.wordpress.com/2012/06/28/handcuffed/

    • btaberle - Jun 28, 2012 at 3:47 PM

      And what happens when Crosby receives his annual concussion this October? Are they still stuck with the hit when he retires?

      • inerrantword - Jun 28, 2012 at 7:15 PM

        Annual is a stretch. He has had one concussion. Even then, the suspicion is that it was a neck issue rather than a concussion.

  9. kotteintheslot - Jun 28, 2012 at 3:49 PM

    Crosby got a lot of money and is going to be in Pittsburgh for the rest of his career….who would have thought that?

  10. comradeast - Jun 28, 2012 at 4:00 PM

    Crosby is 1 concussion away from signing with the Rangers

    • ron05342 - Jun 28, 2012 at 5:19 PM

      Your post makes absolutely no sense.

      • danphipps01 - Jun 28, 2012 at 8:12 PM

        Eric Lindros received Crosby-level hype throughout his career, suffered a few concussions and ended up being dealt to New York due to the drama that resulted from those issues and how it was (mis)handled by both camps. He was, same as Crosby, the face of the franchise, and was basically supposed to be “The Next One” of his generation.

        At least I think that’s the reference we’re supposed to take away here. Hell if I know.

  11. rushledger - Jun 28, 2012 at 4:27 PM

    Great for Pittsburgh great for the fans haters can keep talking trash because their Canadian team is awful or their franchise is at least two decades removed from their last stanely cup real mature guys

  12. ron05342 - Jun 28, 2012 at 4:33 PM

    “This is a great day for hockey.”

    I agree.

    The Kings just locked up Jonathan Quick for 10 more years.

  13. ballsohardu - Jun 28, 2012 at 4:38 PM

    Yeah cindy crosby deserves it. But one hit away from retirement. No more crying sid u got paid now SUCK IT UP

    go sabres

    • ron05342 - Jun 28, 2012 at 5:20 PM

      You, sir, are a certified moron.

  14. tackledummy1505 - Jun 28, 2012 at 4:44 PM

    Did anyone else laugh when he mentioned all the players in the 100 million dollar club. Most of those players careers have been pretty bad since they got that big contract. Look at Ryan Howard as an example. He’s been either hurt or hasn’t lived up to expectations since he signed his $125 million contract. Albert Pujols has also hit a wall with his game and he hasn’t hit as well this year. So for the fact Crosby got this, good luck Pittsburg lol

    • kitshky - Jun 28, 2012 at 4:57 PM

      Imagine …Halford injecting humour into a post!!

  15. Lotārs - Jun 28, 2012 at 4:49 PM

    Just remember Crosby’s agent made another 3.1 million dollars today.

  16. paul621 - Jun 28, 2012 at 6:56 PM

    How in earth is this good (or bad, for that matter) for hockey?

  17. colby010 - Jun 28, 2012 at 7:10 PM

    Reblogged this on ChristopherColby and commented:
    Good fpr the “kid”. A huge talent and a great guy on and off the ice. Mario will take care of him regardless of what may happen. Mario took over Pitt with them owing him millions. Great Franchise. But a Devote Bruins Fan

  18. chaser44 - Jun 30, 2012 at 3:14 PM

    the arrogance of these a$$hats never ceases to amaze me, him signing in pittsburgh is a great day for hockey???? get over yourself, your franchise almost folded a few years back and the only people who would have cared would be the 1000 or so non fair weather hockey fans in that city. You are not even close to the center of the hockey world no matter how much you want to tell yourself that you are.

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