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Locked up in St. Louis — Pietrangelo gets seven-year, $45.5 million deal

Sep 13, 2013, 3:10 PM EDT

Alex Pietrangelo AP

The St. Louis Blues have agreed to terms on a seven-year deal for 23-year-old defenseman Alex Pietrangelo, the club announced today.

“We’re excited to have Alex in the fold for the next seven years as he will continue be a key component of our franchise,” said Blues general manager Doug Armstrong in a release. “He is an elite defenseman in this league and will be for years to come.”

The deal is reportedly worth $45.5 million over the seven years, for a cap hit of $6.5 million.

From the release:

Since his first full season in 2010, Pietrangelo is tied for sixth among all defensemen in points (118), ranks 10th in goals (28), tied for ninth in assists (90) and slots 15th in plus/minus (+34) while he became the youngest defenseman in Blues history to record back-to-back 40-plus point seasons in 2010-11 (43) and 2011-12 (51).

Comparing to other defensemen his age…

Pietrangelo’s contract is identical in term and total money to the one Erik Karlsson, also 23, has in Ottawa. (Update: The salaries are apparently spread identically, too.)

Drew Doughty, also 23, is entering the third season of an eight-year, $56 million ($7 million cap hit) with the Los Angeles Kings.

Zach Bogosian — yep, 23 — recently signed a seven-year, $36 million deal ($5.14 million cap hit) with the Winnipeg Jets.

  1. bcsteele - Sep 13, 2013 at 3:15 PM

    GREAT DEAL ALL AROUND!!! In Armstrong we trust!

    I’ve got the fever now, its time to get this show on the road!!!

    LETS GO BLUES!!!

    • cardsandbluesforever - Sep 13, 2013 at 5:48 PM

      you’re not kidding brother! our team is even more stacked than last year. we managed to get rid of a problem child and made a couple very good additions. also this is a contract year for both Halak and Elliott with Allen nipping at their heels- all 3 of them have every bit of motivation they need to stand on their heads every night between the pipes.

      im trying not to get too excited before even the first game, but I gotta say things are really starting to look good here in st Louis

      LETS GO BLUES!!!

  2. pensman29 - Sep 13, 2013 at 3:16 PM

    Question: r the blues over the salary cap?

    • bcsteele - Sep 13, 2013 at 3:21 PM

      No…we have around 1 million in room left though I’m not sure of the exact amount. Could be a little less or more but we’re under.

    • birdsandblues - Sep 13, 2013 at 3:43 PM

      $1,124,167 per Capgeek.

    • rsmaggiemae - Sep 13, 2013 at 5:56 PM

      Go to CapGeek.com to see how much money each team has left to spend for the salary cap Without looking, with this expenditure, I would have thought the Blues were way over will have to check it out

  3. lewdood - Sep 13, 2013 at 3:39 PM

    Good for Pietrangelo, but I really have to wonder about something. He gets a big payday and longterm deal, as do Erik Karlsson, Drew Doughty and Zach Bogosian. So why was it that when PK Subban held out last year everyone was up in arms saying he was being selfish and not worth anywhere near $4 mil, let alone $6 mil, and then when he signed for a ridiculously low 2-yr $5.75m deal everyone on PHT was crowing that it was all he was worth and it was fair market value???

    I get the point of bridge contracts in the NHL, and could see why the Habs didn’t want risk a long-term deal, but I’ve thought since he was drafted that Subban would be an elite D-man in the league for a long time, and he went out and won the Norris last year. So if these other cats are making $6m/yr in their first big contracts (all coming straight off of their entry-level deals), barring some catastrophic injury just how much will Subban bank when he hits free agency again after this season? Is there any way someone can argue he’s not worth the same $6m/season as these other elite young defencemen?

    • faustandrew - Sep 13, 2013 at 3:47 PM

      You are making the same point people have been saying for the past 6 months. Don’t worry, the Habs GM is kicking himself everyday over that bridge contract. Subban will command a little under Weber/Suter money when it comes time to renegotiate.

      • lewdood - Sep 13, 2013 at 4:00 PM

        It’s funny, because I was eviscerated here last off-season while Subban was in negotiations. I mean just slaughtered. I suggested he was worth $4.5m/season easy and I was down-voted 19-1 (I just checked in my comment history to make sure).

        For the heck of it I just checked CapGeek’s comparable cap hits for Subban and Pietrangelo, and it’s actually really pathetic.

        Subban comparables: http://capgeek.com/comparables/?player_id=1074&year_id=2013
        Pietrangelo comparables: http://capgeek.com/comparables/?player_id=989&year_id=2013

        Other than Del Zotto, the guys making Subban’s current money are journeymen and young second-line D-men. I saw that Marc Bergevin is trying to get Subban to sign a long-term extension now, but unless the RFA rules are really anti-player (I can’t seem to find a particularly strong description of them upon a cursory google seach) PK should tell him to suck eggs and look for a team that would appreciate him.

    • ibieiniid - Sep 13, 2013 at 4:03 PM

      bridge = gamble for both sides. Subban won this one. he’s gonna get paid and make himself look smart for taking the bridge.

      • lewdood - Sep 13, 2013 at 4:06 PM

        Yeha, I’m sure he’ll make “straight cash homey,” to quote Randy Moss, but he also lost out on a few mil over the two years while on that bridge contract. If he signed for $5m/ season he’s have banked almost twice what the contract ended up being. That’s not chicken feed, especially in the NHL.

      • ibieiniid - Sep 13, 2013 at 4:15 PM

        i don’t follow your math. 5mil/yr for 8 = 40mil. he signed his bridge for almost 6mil/2yrs, and if he has another great year, he can expect 7mil/year. 40mil/8yrs is less money and less per year than 64mil/10yrs.

    • jernster21 - Sep 13, 2013 at 4:22 PM

      He now has more leverage going into his next contract based on him winning the Norris on a bridge in my opinion. If he doesn’t get between 6-7m at 7 or 8 years I’d be surprised.

    • hockeydon10 - Sep 13, 2013 at 5:35 PM

      There are other factors besides money and term that come into play.

      Things like Subban’s penchant for taking retaliation penalties. That number may be good for some fantasy hockey, but putting your team short-handed is a bad thing.

      Things like the lockout shortening his time to negotiate and the season starting nearly right away. He may have felt like he should sign and get back on the ice.

      The salary cap for 2013 and 2013-14 may have affected negotiations. Since I don’t follow the Habs I don’t know their cap situation to start the lockout season.

      Things like the recommendation of his agent. Of course we don’t know this for sure for Subban.

      Things like where the franchise placed that year. Not that the Habs that year, of course.

      Things like the franchise’s prospect pool. Habs may have felt he was good but they could go without him entirely.

      I’m sure there are a lot of things that go into these decisions from both the player’s side and the franchise’s side. It’s not always as cut-and-dried as simply matching it up to another player of the same position on a different team.

  4. jb8588 - Sep 13, 2013 at 3:43 PM

    Considering the rediculous $$$ Bogosian got from Winnipeg, this is a very good signing for St. Louis.

  5. ibieiniid - Sep 13, 2013 at 3:43 PM

    whew, what a contract. good job Blues, good job Pietrangelo.

  6. 950003cups - Sep 13, 2013 at 3:44 PM

    That’s a lot of cash for a 23 year old defenseman. If i’m a Blues fan, I’m excited to have the guy, but not so excited to have that much in cap held up.

    • nj666 - Sep 13, 2013 at 3:48 PM

      Nah, thats a pretty good deal.

    • jcmeyer10 - Sep 13, 2013 at 3:55 PM

      When so many teams pay big money after a guy proves it for years, why not pay big money for the actual production during the players golden years?

      • ibieiniid - Sep 13, 2013 at 4:00 PM

        well the obvious answer there is that you don’t know what the player will do during the big contract… but I’m pretty sure, in this case, we all have a pretty good feeling what this guy will do.

  7. phillyphanatic77 - Sep 13, 2013 at 4:46 PM

    That’s a great deal for both sides. According to most rumors the Blues were offering 6, Pietrangelo wanted 7, and they settled right in the middle. There are some who criticize Pietrangelo, saying he isn’t elite bc he had a down year, but I think this contract will become a bargain down the line. He has the makeup of a franchise guy, and along with the likes of Shattenkirk, Bouwmeester, Leopold, and Jackman, the Blues have one of the best dcorps in the league. In fact, if they can find a way past LA, they’re a legitimate cup threat. 3 good goalies, a deep forward group, and an excellent top 6… look out for the Blues.

  8. eggserino - Sep 14, 2013 at 10:18 AM

    To his credit, Petro did say that he would be in camp before this whole hold out thing started…

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