Dec 4, 2012, 2:36 PM EDT
The New York Post’s Larry Brooks took the NHL to task today, slamming the likes of Bruins owner Jeremy Jacobs and Jets owner Mark Chipman for signing players to six-year contracts right before the old CBA expired, then having the gall to demand five-year limits during current negotiations.
It wasn’t the first time the owners have been accused of hypocrisy, and the players are justifiably upset with the NHL’s demands. Nobody wants their employment freedoms restricted.
That said, there are good reasons owners have been willing to sign off on long-term deals.
Here are the four main ones:
1. Because the players are young. Tyler Seguin (six-year deal) is only 20. So is Taylor Hall (seven years). Evander Kane (six years) is 21 and Jordan Eberle (six years) is 22. All four are franchise players that will still be in their 20s when their contracts expire. For that reason, the NHL may be willing to soften its position on term limits for restricted free agents. Maybe it’s a six-year max, maybe it’s eight.
2. To reduce the cap hit. It’s the back-diving type of contract the NHL won’t allow to exist in a new CBA. The league should have addressed this loophole before it signed the last CBA, but there’s no point crying over spilled milk. Currently there are 16 players with contract lengths of 10 years or longer. Of those 16, only a handful signed with the expectation they’ll still be playing when their deals expire. Take Roberto Luongo’s 12-year, $64 million contract that’s set to expire when he’s 43. In reality, it’s only a nine-year deal; the last three years are for minimal salary. In hindsight, the Canucks probably shouldn’t have agreed to it, given they’re now trying to trade him and his contract is the biggest impediment to a deal. But looking back, without Luongo’s artificially lowered cap hit, they likely wouldn’t have been able to acquire Chris Higgins and Maxim Lapierre at the trade deadline prior to their run to the Stanley Cup finals in 2011. Both players were key additions that year.
3. To get the player. You can argue all day about the wisdom of Wild owner Craig Leipold for committing a combined $196 million to sign unrestricted free agents Ryan Suter and Zach Parise to identical 13-year deals this summer. But that was the market and it was the only way he could win the bidding war for their services. Again, you can question the wisdom of the deal, but Leipold felt he needed to make the investment to invigorate a fan-base that had grown tired of losing. Given there weren’t many Wild fans complaining, it’s hard to argue he failed in that regard.
4. To keep the player. See: Shea Weber, who forced Nashville’s hand when he inked a 14-year, $110 million ($58 million) offer sheet with the Flyers. The Predators had already lost Suter to free agency; they felt they couldn’t lose their other franchise defenseman. Was it smart? Guess we’ll find out. But like Suter and Parise, Weber was going to get big dollars and term wherever he ended up. For Nashville, it was either buck up or start rebuilding again. Suffice to say, Preds fans were glad ownership chose the first option.
For the NHL, demanding term limits on contracts is no different than demanding a salary cap. It’s being done to level the playing field and protect owners from themselves.
Jul 28, 2015, 10:30 PM EDT
Jul 28, 2015, 9:38 PM EDT
Potentially a move to Switzerland, or the Czech League.
Jul 28, 2015, 8:39 PM EDT
Returning him to Rochester for a third time.
Jul 28, 2015, 7:39 PM EDT
Washington d-man is expected to miss the next two weeks of offseason training.
Jul 28, 2015, 6:26 PM EDT
Swiss winger came over from Calgary at last year’s deadline.
Jul 28, 2015, 4:39 PM EDT
Nice payday after posting a career-high in goals this season.
Jul 28, 2015, 4:23 PM EDT
“When you look at the structure of our salaries and our cap, it’s important to get those bottom-six cap hits in better shape.”
Jul 28, 2015, 3:21 PM EDT
With the Nurnberg Ice Tigers.
Jul 28, 2015, 2:30 PM EDT
Winning bid to be decided by the end of the year.
Jul 28, 2015, 1:45 PM EDT
“When the games mean something, that’s when he’s at his best.”
Jul 28, 2015, 1:21 PM EDT
The Blue Jackets have done well. The Canucks have not.
Jul 28, 2015, 12:34 PM EDT
Probably looking at another year of junior hockey.
Jul 28, 2015, 11:56 AM EDT
Busy day for Pittsburgh.
Jul 28, 2015, 11:40 AM EDT
Jul 28, 2015, 10:40 AM EDT
Could be a top-six winger. Could be a third-line center.
Jul 28, 2015, 10:08 AM EDT
Arbitration hearing scheduled for Thursday.
Jul 28, 2015, 9:00 AM EDT
25-year-old didn’t file for arbitration, hoping instead to sign a long-term contract.
Jul 28, 2015, 8:00 AM EDT
In the form of a cool $100,000.
Jul 27, 2015, 9:29 PM EDT
But are any teams mulling his return?
Jul 27, 2015, 8:21 PM EDT
Where he’ll work as a community liaison.
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