Nov 14, 2012, 12:07 PM EDT
NHL owners and general managers need to be protected from themselves. This much we know, and the league doesn’t deny it.
Even the last CBA – the one with the hard salary cap that was supposed to be bulletproof – had loopholes that GMs exploited to sign free agents.
The most notable loophole allowed teams to offer “back-diving” contracts that gave players lots of money up front and practically none as the term expired. Not only did these deals artificially deflate the cap hit by tacking on years past a player’s probable retirement date, it also gave the player the bulk of his money sooner than later, which is better than the opposite.
It’s hard to imagine those back-diving contracts will exist once a new CBA is signed. The owners will fight too hard for them to be nixed.
However, some observers think owners will stand less firmly on another demand, that being maximum contract lengths of five years.
Under the last CBA, there was no such thing as a maximum contract length. Ilya Kovalchuk and Rick DiPietro signed for 15 years each. Shea Weber got 14. All told, 16 players notched deals for 10 years or more.
Players like long-term deals because they offer security. NHL contracts are guaranteed, so once they’re signed they can’t be canceled, even if the player stops producing or gets hurt.
Which brings us to our point: If the salary cap restricts how much a player can earn and there’s no way to front load deals, what do you think a prized free agent is going to ask for in negotiations if there’s no cap on contract lengths?
The answer is term. If only because there’s nothing else to ask for.
And if meeting that demand is the only way one team can beat out another team to sign the player, he’ll get it. (Let’s face it, GMs know they can be fired tomorrow, so what do they care if the team has a problem down the road? See: moral hazard.)
Long-term contracts aren’t necessarily a terrible thing, but believe it or not there have been athletes that got a little too comfortable once they cashed in on a big deal.
There have also been players whose health issues kept them off the ice. (Or, in the case of DiPietro, severely restricted their time on it.)
Maybe a few long-term contracts gone wrong is simply the price owners will have to pay to get a new CBA. And there are probably owners and GMs that don’t want five-year limits; they want to lock up their stars as long as possible.
Then again, maybe it’s a battle NHL commissioner Gary Bettman thinks is winnable (the NBA won it), so he might as well win it.
Jul 2, 2015, 11:00 PM EDT
He was fired by Toronto back in April.
Jul 2, 2015, 9:45 PM EDT
Doug Armstrong dipped into the free agency pool Thursday evening for some depth signings.
Jul 2, 2015, 8:45 PM EDT
They’re two-way contracts worth $650,000.
Jul 2, 2015, 7:50 PM EDT
He’s looking forward to playing with Ovechkin and Backstrom in Washington.
Jul 2, 2015, 6:50 PM EDT
They’ve also inked UFA Jordan Caron.
Jul 2, 2015, 6:00 PM EDT
It’s a one-year, two-way deal.
Jul 2, 2015, 5:15 PM EDT
Washington continues to load up.
Jul 2, 2015, 5:00 PM EDT
There’s no “timetables for next steps,” according to NHL deputy commissioner Bill Daly.
Jul 2, 2015, 4:45 PM EDT
The 27-year-old is looking forward to a fresh start in Pittsburgh.
Jul 2, 2015, 3:34 PM EDT
Acquired from Toronto at last year’s trade deadline.
Jul 2, 2015, 2:57 PM EDT
Leagues will continue to respect each other’s contracts. But that’s it.
Jul 2, 2015, 2:52 PM EDT
Pleads no contest to misdemeanor count of corporal injury to a spouse.
Jul 2, 2015, 2:11 PM EDT
Boughner coached against DeBoer in the OHL, Hedberg played for him in New Jersey.
Jul 2, 2015, 2:02 PM EDT
The Mike Gillis era is just a memory now.
Jul 2, 2015, 1:46 PM EDT
Former Hart Trophy winner announced his retirement on Thursday.
Jul 2, 2015, 1:35 PM EDT
Pittsburgh? Florida? New Jersey? KHL?
Jul 2, 2015, 1:29 PM EDT
“At some point Justin became more affordable to us, and we started to lean his way.”
Jul 2, 2015, 12:36 PM EDT
“At the end of the day, nobody wants to get traded two times. But it’s a learning curve.”
Jul 2, 2015, 12:18 PM EDT
But reports suggest Edmonton, Columbus and Philly are interested.
Jul 2, 2015, 12:07 PM EDT
24-year-old has appeared in 220 NHL contests, all with Nashville.
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick 70
- Voynov takes plea, gets 90 days in jail plus probation 42
- Curtains on Broadway: Martin St. Louis calls it a career 33
- Discuss: Where’s the best fit for Alex Semin? 23
- Caps landing ‘affordable’ Williams a sign of the new free agency 3
- Shots fired! ‘Canes owner Karmanos rips into Jim Rutherford (Updated) 56
- Here’s who’s left after Day 1 of free agency 30
- PHT’s 2015 free agent frenzy tracker 38
- Getting clutch? Capitals sign Justin Williams for two years, $6.5M 21
- Coyotes bring back Vermette with two-year deal 33
- Blockbuster: Kessel traded to the Penguins (131)
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Trade: Jackets land Saad; Anisimov and Dano headed to Chicago (93)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Trade: Flames land Dougie Hamilton for package of picks (75)