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Callahan, Lightning still talking extension

Jun 5, 2014, 1:20 PM EDT

Ryan Callahan Getty Images

While Martin St. Louis marches on with the New York Rangers in the Stanley Cup Final, the Tampa Bay Lightning and Ryan Callahan are still trying to get a new contract worked out.

Joe Smith of the Tampa Bay Times reports Callahan and the Lightning are still talking about an extension but there’s nothing imminent regarding a signing. Callahan can become an unrestricted free agent on July 1. He was acquired from the Rangers in a blockbuster deal along with a first-round pick in the 2014 draft for St. Louis.

In 20 regular season games with Tampa Bay, Callahan had six goals and 11 points. In the Lightning’s four-game sweep at the hands of the Montreal Canadiens, he was held without a point while averaging over 20 minutes of ice time per game.

Callahan is coming off a three-year contract that paid him nearly $13 million overall. It was reported during the season he was seeking a seven-year deal that would pay him $42 million from the Rangers. Even though he reportedly lowered his demands, the process led to him being traded out of New York.

Lightning GM Steve Yzerman has stated he would “love” to re-sign Callahan, but the lure of free agent money could make negotiations tricky.

  1. sunking1 - Jun 5, 2014 at 2:07 PM

    It’s not happening. Callahan is less than one month from being a UFA and selling himself to the highest bidder. Unless he gets an above market offer from the Bolts (and I believe they shouldn’t overpay for this guy), he is going the free agent route. He may find that, after seeing what is out there, he may still find the Bolts offer as the best offer (don’t underestimate the impact of no state income tax in FL). I just don’t see any way this guys signs before July 1st.

    • pjblake2redwings - Jun 5, 2014 at 2:22 PM

      I forgot all about no state income tax in FL. Yea that is huge and I really think he is in for a surprise when teams arent just throwing around 7 yr 50 mill deals to him. He is very good and a hard worker but you think he would want to win a cup rather than go to highest pay day since at the end of the day, you are still a millionaire

      • stakex - Jun 5, 2014 at 2:51 PM

        That’s true, but there are certain to be Cup contenders looking for a guy like Callahan. He will no doubt be able to make a significant paycheck from a contender.

        Lets also be real here…. if winning a Cup is his priority, he isn’t going to stay with the Bolts. They might be a team on the rise, but they missed the playoffs the previous two seasons and were swept in the first round this year. That doesn’t scream soon to be Cup champions.

      • c9castine - Jun 5, 2014 at 11:18 PM

        stakex no team thats already a cup contender is going to pay callahan what he wants.

        im sure all 30 teams would love to have him for 4.5mil per but, as i said, no legit contender is gonna go after him. because they know the contracts he wants will handcuff them.

    • falstaffsmind - Jun 5, 2014 at 2:52 PM

      Perhaps not, but the Lightning might be his best option if he wants to be on a good team for the foreseeable future. A lot of people have him signing with Buffalo, but Buffalo has accumulated 100 points in the last two seasons combined. Tampa Bay had 101 last season alone. Is a bit more money worth being the Robin Yount of hockey?

  2. dboldave - Jun 5, 2014 at 3:04 PM

    I still think some team or two will be willing to throw big money at him. I’m not saying I agree that he is worth 7-8 mill like he wants but I’m sure some GM would do it.

    • dueman - Jun 5, 2014 at 8:01 PM

      How does his original (reported) asking price of $6 million (which means that he would’ve probably taken a little less, since it was a negotiation after all) now become $7-8 million?

  3. 950003cups - Jun 5, 2014 at 8:11 PM

    Better lock him up!! He’ll do big numbers on the FA

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