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Erik Cole, unhappy with new CBA, might retire this summer

Jan 11, 2013, 7:04 PM EDT

Erik Cole Getty Images

Erik Cole is 34 years old, coming off of a 61-point season and is signed with the Montreal Canadiens through the 2014-15 campaign. All the same, he might hang up his skates this summer, according to the Montreal Gazette.

“I enjoyed my time at home and the kids are in school here until the end of June and we’ll reevaluate things after that,” said Cole, referring to the extra time he spent with his family during the lockout.

Cole is not thrilled about some of the financial concessions the players made compared to the previous CBA and that appears to be a key consideration as he ponders his future.

“I want to have a conversation with the (players association) about some of the escrow stuff and some of the fearsome things in the new CBA,” Cole said.

“Family-wise it’s a transition year with my daughter in school next year and I think it’s something to be considered and everybody should consider this when they look at the new CBA, not just the way it affects the group but how it affects you individually.”

Before the lockout began, Cole was set to make $4 million this season. He is scheduled to make another $4 million in each of 2013-14 and 2014-15, but because his contract was frontloaded, his cap hit is $4.5 million.

  1. bcjim - Jan 11, 2013 at 7:19 PM


  2. thedavesiknowiknow - Jan 11, 2013 at 7:24 PM

    Looks like someone isn’t happy with his free bubble-gum, and coupon for a complimentary dinner at Bennigans (with purchase of another entree at equal or lesser value).

  3. proudliberal85392 - Jan 11, 2013 at 7:30 PM

    bcjim, you beat me to it. LOL.

  4. grillmarks - Jan 11, 2013 at 7:51 PM

    Boo-hoo. My $4 million salary got reduced slightly.

    • esracerx46 - Jan 12, 2013 at 11:30 AM

      In reality it really didn’t. I have heard nothing in the new CBA about salary rollbacks. I have heard something about higher escrow payments. A slightly higher percentage of his paycheck may go into an escrow fund, which he would not see again if HRR goes down. If HRR stays the same or goes up from what is expected, all or some of that money is returned, as was the case this past year.At least thats how I understood it, but I’m no lawyer. He’s really whining because his contract was frontloaded and he wants that 6 million salary he earned at year one instead of the 4 million he has now.

      • cweez2 - Jan 12, 2013 at 2:13 PM

        Ding! Especially when Subban will probably get the same kind of money in a few days. Talk to your agent, Erik

  5. stakex - Jan 11, 2013 at 8:06 PM

    This reminds me of when Bill O’reilly said he would quit his multi-million dollar a year job if his taxes went up 4%… its a friggen joke. Even if Cole only ended up getting $3.6 million in the end, its still more then the $0 he would get if he retired. I just can’t believe someone would walk away from a pile of cash just because he might not get the entire thing. Its really sick.

    • rsl22 - Jan 11, 2013 at 8:16 PM

      “Dad, I won’t mind if you make $10MM in the next three years, I promise.”

      -Erik Cole’s Daughter

  6. aldavisisthenfl - Jan 11, 2013 at 8:25 PM

    spoiled puss, puss….

  7. detroit09 - Jan 11, 2013 at 8:42 PM

    Go away already. I don’t care what you think BRAT.

  8. axisofweasels - Jan 11, 2013 at 8:47 PM

    boo hoo. im tired of making money.

  9. chasestern - Jan 11, 2013 at 8:57 PM

    Seems like the sentiments are common. But I should point out that he’s a damn good player and, if you try and imagine an NHLers life, one can sort of understand that it’s not about how much money one has; it’s about way of life. He’s been living with a couple million bucks income every year for how long? Yah 3 mill ain’t bad, for us, but no matter how you look at it, it’s a pretty big percentage drop out of nowhere. Maybe the kid’s school is ridiculously expensive or something.

    I have no idea what I am talking about, but, I always hoped this guy would become a Flyer.

  10. rushledger - Jan 11, 2013 at 9:06 PM

    I think being on a going nowhere canadiens team has something to do with it.

  11. mpg44 - Jan 11, 2013 at 9:07 PM

    Huh….. Another UNION member who doesn’t like how things will effect him as an INDIVIDUAL . I guess the nhlpa creed is united we stand ….unless it doesn’t help me !!

  12. Stiller43 - Jan 11, 2013 at 9:20 PM


    I’d be pretty upset if my company was doing real well and i got told that, for no fault of my own, i have to take a substantial pay cut.

    That being said, you cant help but think hes posturing and just upset…no way he’ll quit with the money being the main reason. If its family, he woulda quit either way.

  13. sampulls - Jan 11, 2013 at 9:35 PM

    Let this loser just vanish.

  14. flyerguy73 - Jan 11, 2013 at 10:02 PM

    Does he still play hockey? Lol. See ya!

  15. antkowiak666 - Jan 11, 2013 at 10:29 PM

    would you care for some cheese with that whine Mr. Cole?!

  16. sportsfan69 - Jan 11, 2013 at 10:38 PM

    This is exactly why we had a prolonged lockout. Arrogance and entitlement amongst some of the players. If I was Mr. Erik Cole, I would keep your mouth shut or better yet put a muzzle on it. Now, I know most players aren’t this way or I hope not for their sake. If they are, a reality check is in order. If they weren’t playing in the NHL, they would be working for $40,000 to $80,000 per year like the average American and Canadian. Life of an NHL’er must be really harsh? ?????

    • kicksave1980 - Jan 12, 2013 at 3:03 AM

      We had a prolonged lockout because the players didn’t just take the NHL’s offer? Do you know what a negotiation is? Entitlement? To contracts that they had previously signed? Yeah, I’d feel pretty entitled to a mutually agreed upon contract as well. Furthermore, this wasn’t a strike.

      Erik Cole sounds like an idiot right now, I will grant you that, but your tone is a little ridiculous. You’re playing with a BIG “if” when you say “if they weren’t playing the in the NHL…”. You’re right, but no one is paying $300 a day for front row seats to watch most “average Americans or Canadians” sit in their office, change someone’s oil, flip burgers, or build a house. Maybe it isn’t fair, but that’s life.

      Bring on the thumbs downs.

      • gret9 - Jan 12, 2013 at 1:10 PM

        People aren’t paying that kind of money to watch Erik Cole do anything. They are paying that kind of money to watch the Superstars of the league, not the good but not great players. Guys like Cole are important to team sucess, yes, and that helps attendance too. But people are plunkinig down their hard earned money to watch Crosby, Malkin, Giroux, Stamkos, Toews, Datsyuk, ect., not Erik Cole. Cole should count his blessings that he gets to rid the stars coat tails and shut up and play.

  17. sportsfan69 - Jan 11, 2013 at 10:44 PM

    So why doesn’t Erik Cole go play in Europe or better yet play in Mother Russia in “The Kessel?” Don’t let the door hit you in the ass.

  18. nyrnashty - Jan 11, 2013 at 10:53 PM

    Uhhhhhhhh what else is Erik going to do LOL and who’s going to miss him?

  19. bufffalojoe - Jan 11, 2013 at 11:19 PM

    How many players vote nay and they lockout begins again??? Just wondering…. I’m sure this will end up getting 10k dislikes but it’s a real question

    • mpg44 - Jan 12, 2013 at 6:41 AM

      That would be the death sentence for the nhlpa and its members .

  20. pappavike - Jan 12, 2013 at 2:15 AM

    Hey guy’s, Remember the old saying! “Walk a mile in my shoes” All of us! on here think he’s whining! And although we think? it would be all roses!! We are not in his shoes I for one have not seen or had a chance to review the new CBA. So I for one will be cutting him some slack!!!!!

  21. rainyday56 - Jan 12, 2013 at 3:05 AM

    Wow, that must be some kick ass pension they just negotiated …

  22. xjokerz - Jan 12, 2013 at 3:59 AM

    Lol what a pansy. See ya dbag

  23. dprouse - Jan 12, 2013 at 7:24 AM

    Cole is showing exactly why it was so difficult to get a deal with the NHLPA. His position makes no sense, but it’s not based on common sense. Rather, he is angry about having to make concessions, so he is contemplating doing something irrational simply to spite the other side. You see this all the time in nasty divorces…

  24. skarfacci - Jan 12, 2013 at 9:21 AM

    Unreal. Then you know where Fehr and his rank and file stood from the beginning. They were after only the money. Fehr lost. Every major sport has made concessions for the good of the game. Why should the NHL be any different. NHLPA & Fehr are a joke. Long live Bettman!!!

  25. seahawks19081 - Jan 12, 2013 at 10:08 AM

    Why does everyone have a problem with a guy who is not happy with his union? As a former Teamster, I have no problem with that. Why sit back and accept something you do not believe in, regardless of how much money you make.

  26. cweez2 - Jan 12, 2013 at 2:11 PM

    Erik, then click “no” with your mouse and hope 360-something others agree.

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