Jun 27, 2013, 9:15 AM EDT
The Tampa Bay Lightning have made the difficult decision to buy out the remainder of Vincent Lecavalier‘s 11-year, $85,000,000 contract.
“Vinny has been a significant reason for many of our past successes, including the 2004 Stanley Cup, and his contributions to the community are immeasurable,” said Lightning GM Steve Yzerman in a statement on the team’s website.
“The Lightning organization is indebted to Vinny; we thank him for all he has done here and we wish him well as he moves forward.
“After much internal deliberation, we believe this will prove to be a pivotal move for us as we strive to achieve our long term goal of competing at the highest level, year-in, year-out. The economics and structure of the CBA are necessitating this decision and we at the Lightning are excited at the newly created opportunities this presents to us.”
The 33-year-old is still a very effective top-six forward, but it’s been a while since he lived up to his $7,727,273 annual cap hit and things were likely only going to get worse given that his contract wasn’t set to run out until the summer of 2020.
Even still, this couldn’t have been an easy decision for Tampa Bay, given that they will now pay Lecavalier $32.67 million over 14 years to not to play for them, according to ESPN and TSN’s Pierre LeBrun.
On top of that, if it wasn’t for his cap hit, the Tampa Bay Lightning probably would have loved to keep him. In fact Tampa Bay and Toronto were rumored to be working on a deal where the Lightning would give Lecavalier and an asset to Toronto so that the Maple Leafs would buy out Lecavalier instead. That would allow Lecavalier to re-sign with Tampa Bay at a more cost effective rate.
The NHL warned that such a maneuver would be seen as CBA/salary cap circumvention.
As it stands, Lecavalier will be regarded as one of, if not the best unrestricted free agent on the market. Almost every team would love to have him — minus, of course, his old cap hit.
Told Vinny Lecavalier is open and willing to play in Montreal but will evaluate all opportunities. Some teams have already contected him.
— Louis Jean (@LouisJean_TVA) June 27, 2013
Sep 17, 2014, 7:56 AM EDT
Wednesday’s collection of links.
Sep 16, 2014, 10:39 PM EDT
“It’s extortion is what it is. I don’t make this stuff up.”
Sep 16, 2014, 9:22 PM EDT
Caps blueliner has had bad luck in the health department.
Sep 16, 2014, 8:21 PM EDT
Florida’s youngsters stole the show overall.
Sep 16, 2014, 7:18 PM EDT
And he’ll reportedly miss part of Minnesota’s training camp.
Sep 16, 2014, 7:01 PM EDT
The former appeared in three games for Chicago last year; the latter played in Germany.
Sep 16, 2014, 6:04 PM EDT
Sep 16, 2014, 5:35 PM EDT
The future of Detroit’s defense gets locked in.
Sep 16, 2014, 4:33 PM EDT
Just one month after re-signing Jakob Silfverberg on the cheap.
Sep 16, 2014, 4:10 PM EDT
“Fines are meaningful. And I think it has to do with essentially being called out.”
Sep 16, 2014, 3:21 PM EDT
He’ll be part of the player development department.
Sep 16, 2014, 2:30 PM EDT
We pick a couple of long shots.
Sep 16, 2014, 1:40 PM EDT
Kings forward “didn’t want to become a free agent and leave” L.A.
Sep 16, 2014, 12:45 PM EDT
That’s him getting tossed around by Ryan Reaves.
Sep 16, 2014, 11:58 AM EDT
For “outstanding service to hockey in the United States.”
Sep 16, 2014, 11:45 AM EDT
Veteran power forward is trying to return from another concussion.
Sep 16, 2014, 10:59 AM EDT
Will the NHL be watching?
Sep 16, 2014, 10:13 AM EDT
Sounds like he got the message.
Sep 16, 2014, 9:00 AM EDT
The recently signed forward hopes to stick with “powerhouse” team.
Sep 16, 2014, 8:00 AM EDT
Tuesday’s collection of links.
- Heeeeeere’s Johnny! Davidson shreds Johansen’s agent for ‘baffling, nonsensical’ contract demands 21
- Advantage Kuemper? Harding on crutches after ankle injury 11
- Done deal, finally: Wings ink DeKeyser to two-year, $4.375M extension 9
- Update: NHL wants to see fine system in action before publicizing diving 5
- Get your odds to make the playoffs for all 30 NHL teams 18
- Blue Jackets GM to Johansen: It’s about the team, not ‘one guy’ 25
- Will the NHL publicize divers? 48
- Report: NHL, Epix network to partner on Winter Classic reality series 18
- Habs to play without captain for just second time in franchise history 16
- Chiarelli: At some point, I’m going to have to trade a defenseman 54