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On Toews, Kane and the $10 million cap hit

Jun 26, 2014, 3:43 PM EDT

Contract extension talks in Chicago are underway for both Jonathan Toews and Patrick Kane and, if reports prove accurate, they could be two of the richest deals in NHL history.

The pair have reportedly opened negotiations by each asking for $12 million annually in salary, per TSN. While it’s expected both will come down from that number, TSN’s Bob McKenzie suggests both could still average out $10M on a yearly basis:

The NHL’s current highest cap hit belongs to Alex Ovechkin at $9.53M, followed by Evgeni Malkin at $9.5M. As such, Kane and Toews potentially breaking the double-digit threshold is big news — lest we forget that, at the time of writing, only nine players total across the league carry a cap hit of $8 million or higher: Ovechkin, Malkin, Sidney Crosby, Corey Perry, Henrik Lundqvist, Claude Giroux, Eric Staal, Ryan Getzlaf and Phil Kessel.

You’ll also note that only two sets of those — Perry and Getzlaf, Crosby and Malkin — play on the same team.

‘Hawks GM Stan Bowman, who held a pre-draft conference call on Thursday, refused to comment on negotiations regarding any of his players, so reporters got little on where contract talks stand, or if McKenzie’s report was accurate.

Bowman’s silence won’t quiet the rumors surrounding his team, however. Even though agent Rick Curran angrily shot it down, a report of Chicago making Patrick Sharp available via trade gained plenty of steam this week and if this Kane/Toews report proves true, it’ll only get steamier — Sharp is on the books at $5.9 through 2017; Kane and Toews each have one year left at $6.3M and are obviously going to get more.

Given the hefty deals already in place for Corey Crawford ($6 million annually), Brent Seabrook ($5.8), Duncan Keith ($5.5) and Marian Hossa ($5.275) well…you can do the math.

  1. c9castine - Jun 26, 2014 at 3:48 PM

    thats pretty steep but its a negotiation.

    if their cap hits are between 8-9 mil, i would say thats just right. it might sound minor, but getting up over 9 or even 10 would really make a difference.

    i would almost be thinking of trading kane for serious number 2 center, and then even something more. spezza and a top prospect or roster player, something like that.

    then again, ive never been a fan of trading guys that are that valuable because they are rare, and you never seem to get your worth back in a trade.

    • urallstupid - Jun 27, 2014 at 12:27 AM

      guess who’s gonna have to pay more? the fans. nobody cares about the fans.

  2. areaman714 - Jun 26, 2014 at 3:49 PM

    The Twins deals are looking more and more like a bargain as time moves on . . .

    • storminator16 - Jun 26, 2014 at 3:53 PM

      As the Twins continues with their declines, those deals look like albatrosses as time moves on….

      • areaman714 - Jun 26, 2014 at 7:02 PM

        Let’s see. Getzy had probably his best season after and Perry was the second (only to 100 foot Ovechkin) leading scorer . . . both after signing their big contracts. Yeah, that is declining.

      • storminator16 - Jun 26, 2014 at 7:49 PM

        Thought you were talking about the Sedin twins. I’ve never heard Getzlaf/Perry referenced as “twins”.

      • areaman714 - Jun 26, 2014 at 8:28 PM

        Oh. Sorry! Getzy and Perry are referred as the twins in Anaheim because their birthdays are close together as well as their draft positions.

    • namriverrat69 - Jun 26, 2014 at 7:47 PM

      Shades of “The Big Holdout of 1966″ when Sandy Koufax and Don Drysdale held out for a 3 year contract paying them a combined $1,000,000 divided evenly between the two players. There were no multi year contracts at that time which was before free agency. No players had ever held out like these two did against the Dodgers.

      They ended up signing a then record one year contract $125,000 for Koufax and $115,000 for Drysdale.

      In 1965, Don Drysdale had compiled a 23-12 with a 2.77 Earned Run Average with 7 shutouts and 210 Ks in 308 innings. He appeared in a total of 44 games, 42 of them starts, racking up 20 complete games. He even saved a game (not an official statistic until 1969). Drysdale was named to the National League All-Star and came in #5 in voting for Most Valuable Player. .

      Sandy Koufax’s season had been even more spectacular.

      The left-handed fire-baller went 26-8 with a league-leading 2.04 record and a record-breaking 382 Ks, which is still the NL record, eventually surpassed by one strikeout by Nolan Ryan in 1973, when he toiled for the Angels in the American League. Koufax hurled 8 shutouts in 335 innings. Despite suffering from an arthritic elbow and hemorrhaging in his pitching arm, Sandy appeared in 43 games, 41 of them starts, and had 2 saves. He pitched a perfect game in September. That was the end of the season when arms are sore and tired. They were swept in the World Series against Baltimore and Frank Robinson.

      It ended up being Koufax last season pitching due to arm problems but for 6 years he was the best in baseball and one of the best ever and super to watch.

      • c9castine - Jun 26, 2014 at 8:00 PM

        baseball is terrible.

      • scout202sport - Jun 27, 2014 at 7:32 AM

        Baseball stats on a hockey message board? You should be banned from commenting FOR LIFE.

  3. buddysguys - Jun 26, 2014 at 3:50 PM

    one will be gone in my opinion

    • imleftcoast - Jun 26, 2014 at 5:04 PM

      Kane only plays hard half the year. He should really take less.

      • comeonnowguys - Jun 26, 2014 at 6:51 PM

        That’s old Kane. New Kane actually back checks and tries every game. Still has a tendency to get flustered once in a while when opposing goalie stands on head.

      • imleftcoast - Jun 27, 2014 at 12:57 PM

        I’m kidding. He’s a great player, and probably the best shot in the league. I don’t know how Stan Bowman will do it, but he’ll sign Kane and Toews for 5/6 years. I can’t believe either one will leave.

  4. bruinsfan55 - Jun 26, 2014 at 3:51 PM

    I don’t think Kane stays in Chi. No doubt Toews isn’t going anywhere but I don’t believe Chicago can afford both guys

    • 19to77 - Jun 26, 2014 at 10:44 PM

      Hossa’s years of offensive glory are behind him, as are Sharp’s. While both are still excellent players and have 30-goal potential, neither is going to stay that way for too much longer. Saad hasn’t shown he can be a top-flight offensive player yet, although he keeps improving. Point is, if they trade Kane, how do they replace him? Their two best wingers after him are getting older and there’s not much in the pipeline to fill a top-six scoring role.

    • robocop3999 - Jun 27, 2014 at 12:25 AM

      Kane and Toews aren’t going anywhere. They would trade Sharp or Seabrook to keep them both.

  5. iwt5007 - Jun 26, 2014 at 3:53 PM

    If they make $12m a year, that means it would take me 2 whole years of work to make what they make in ONE game……I think I’m going to be sick.

    • molson48187 - Jun 27, 2014 at 8:36 AM

      Difference is 20,000 people are not willing to pay to watch you do your job.

  6. storminator16 - Jun 26, 2014 at 3:54 PM

    Didn’t Suter get $12M front loaded? Aren’t these two guys worth more than Getzlaf/Perry? Sounds fair to me.

    • 19to77 - Jun 26, 2014 at 10:47 PM

      A) they’re not THAT much better and more valuable than Getzlaf/Perry.
      B) this isn’t about frontloading. This is about average annual value. That would be their overall cap hit. Waaaay bigger deal than Suter having one loaded year.

  7. hockey412 - Jun 26, 2014 at 3:54 PM

    Crosby and Malkin play on the same team too…Malkin isn’t listed in the 8M or above category but he is over it.

    It’s tough to be top-heavy, that’s for sure. With Keith’s cap hit they’d be in the same situation as the Pens.

    • hockey412 - Jun 26, 2014 at 3:57 PM

      This comment is a mess. Malkin IS listed in the bottom section, I didn’t see it (the point is still valid though) and I mean to say with Keith and Seabrook’s hit, not just Keith’s.

      I am ashamed.

      • ibieiniid - Jun 26, 2014 at 4:03 PM

        he edited it from 8 to 9 players. don’t think Malkin was there at first. “you good.”

  8. 19to77 - Jun 26, 2014 at 3:59 PM

    “You’ll also note that only two of those — Perry and Getzlaf — play on the same team.”

    Uh. Crosby and Malkin play for who again?

  9. sjsharks66 - Jun 26, 2014 at 4:01 PM

    So I guess they don’t believe in a hometown discount? 12 mil a year is ridiculous. That does not help the team. Even 10+ is too much. 8-9 mil a year is where it should end up.

    • ibieiniid - Jun 26, 2014 at 4:05 PM

      if they’re signing a long contract, 10m isn’t too much. no way. you could argue that they’re both better players at better ages than Perry/Getz (not that their contracts were perfect either) and as areaman kinda said above, contracts tend to get more appealing as time goes on. with the amount they’re forecasting the cap to rise, 10m for Kane and Toews will be a good deal a few years down the road.

      • ibieiniid - Jun 26, 2014 at 4:07 PM

        …. if they can swing 20mil in hit the next few seasons. I doubt that happens though.

      • c9castine - Jun 26, 2014 at 5:00 PM

        i still say thats too high and its hard to rely too much on a rising cap, but your make a point likely with the way the league is going those contracts wouldnt be too bad.

        i see oduya somewhere else next season, maybe sharp too in effort to start freeing up space ahead of time and let guys like saad take a bigger role and bickell to earn his paycheck.

  10. endusersolutions2013 - Jun 26, 2014 at 4:02 PM

    Time to scrap the cap? ;))

  11. storminator16 - Jun 26, 2014 at 4:14 PM

    I think you are all get caught up in the $12M a year asking price. That is probably just the number in front of the contract, I’m sure they aren’t expecting that to be the cap hit. If they are expecting that and get it, more power to them. However it shakes out, they are worth whatever Chicago says they are worth. If you aren’t a Hawks fan and you are being a hater, you are just jealous they aren’t on your Cup’less team.

    • storminator16 - Jun 26, 2014 at 4:16 PM

      “getting”….

  12. blackandorangeforlife - Jun 26, 2014 at 4:17 PM

    “You’ll also note that only two of those — Perry and Getzlaf — play on the same team”
    When did Malkin or Crosby become an ex Pen?

    • areaman714 - Jun 26, 2014 at 7:04 PM

      Crosby is gay . . . so . . .

      • c9castine - Jun 26, 2014 at 8:20 PM

        crosby is gay?

        how old are you?

      • areaman714 - Jun 26, 2014 at 8:32 PM

        C9castine. C’mon man! This was drawn on the inference of “playing on the same team”. i.e. Same sexually oriented team. I guess I could have said Malkin was gay . . .

      • blackandorangeforlife - Jun 26, 2014 at 11:19 PM

        areaboy is very creative!

      • areaman714 - Jun 27, 2014 at 12:47 AM

        Blackandblue . . . is just that, often.

  13. thomasvanek - Jun 26, 2014 at 4:21 PM

    Kane to Buffalo!

    • ibieiniid - Jun 26, 2014 at 4:23 PM

      dude honestly, I already started trying to fathom Kane in a Sabres jersey. what a weird thought… but totally possible.

  14. chicagobtech - Jun 26, 2014 at 4:27 PM

    I think the boys might actually hit the $12mil per year mark. I don’t think it’ll be purely on their hockey salaries, rather it’ll be on their entire income. If the team puts forth a strong case for drumming up more endorsements would Kane and Toews take a little less in their contract?

    • dueman - Jun 26, 2014 at 6:39 PM

      That’s not how things work. Any endorsements that players get is above and beyond their contracts. The Players Union, and the player’s agents basically set their contract parameters. Very rarely is there a “home team discount” and if there is, it’s not much. The thought that players will give up millions of dollars to appease fans is just silly. Especially when you consider the fact that the owners that they play for make many millions off the players.

      • endusersolutions2013 - Jun 26, 2014 at 7:05 PM

        Not that simple, even if they get 10 mill, that substantially reduces their ability to win another cup. We’ve all seen the last few years the impact of the two big Pens contracts on their making much of a playoff run – just don’t have the depth.

  15. jpat2424 - Jun 26, 2014 at 4:29 PM

    Never ^

  16. killerpgh - Jun 26, 2014 at 4:40 PM

    It’s all talk. Crosby was rumored to be at the 12 million range at first. Then he signed his extension and his cap hit stayed at 8.7 million. Granted contract like Crosby’s 12 year, front loaded deal can no longer be signed, but I would be shocked if when its all said a done that their new contracts aren’t 8 years with a cap hit around 9.

  17. jpelle82 - Jun 26, 2014 at 4:48 PM

    the best player in the world makes 8.7 per. wonder if he regrets signing that deal these days…..

    • ibieiniid - Jun 26, 2014 at 4:54 PM

      I’ll give Crosby as much guff as the next guy, but I thought he made it pretty clear he did it for the team. Classy move, IMO.

      • dueman - Jun 26, 2014 at 6:50 PM

        What did he do for them? He’s made 12 million per since he signed, and will for the next 2 years. Then it drops to 11 mill for the next 2, and so on. The only reason his cap hit is so low for him, is because teams could still get away with front loaded contracts, or to state it simpler…they just tacked on an extra 3 years at 3 million in his case. Teams just can’t do that anymore…

      • c9castine - Jun 26, 2014 at 8:30 PM

        in 2021, crosby will make 9mil. in 2022, he will make 3 mil.

        basically, when sid turns 35 his salary will be so low the team can start to transition away from he and malkin being the big high paid stars and to them being aging hall of famers who will still be productive, but not “the show” if you will. in the meantime, he could have asked for a much higher salary

        worth noting also that malkins contract will expire when he is 35 or 36 and because it was done under new CBA its not front loaded, same throughout. he does however recieve 10 million in bonuses his finals two years which is meant to help bridge his “retirement contract”, one that will probably be substantially lower.

        also, jpelle, crosby has played and will play for an AAV and cap hit of 8.7 since his entry level deal expired. theres no regret to be had he handpicked that number.

        he was born 8/7/87, wears number 87, and his cap hit is 8.7. superstitious guy like Crosby isnt gonna change any of that.

    • wjarvis - Jun 26, 2014 at 5:19 PM

      He’s also a player who has dealt with injuries throughout his career, but signed a contract that at the time gave him the second highest cap hit in the NHL for 12 years. While I think it will end up being a good deal for the Pens, it also has a lot of risk and Sidney did pretty well for himself too. As for regrets, I think it tough to find a reason for regret when you sign a guaranteed $100+ million contract to play hockey.

    • chanceoffleury - Jun 26, 2014 at 8:32 PM

      Crosby’s cap hit is 8.7 million per year because he is a superstitious lunatic. Lucky for Pittsburgh his favorite number isn’t like 20 billion….

  18. lbeezyse - Jun 26, 2014 at 5:04 PM

    And in 3 years Chi will be in the same shoes as Pit. Two very good players eating up a large percentage of the cap. Good bye Raanta, Sharp, Seabrook and others. I dont know what their system looks like but you better hope you have more Shaws and Saads down there to fill in the holes for cheap.

    • 19to77 - Jun 26, 2014 at 5:58 PM

      Meanwhile, Lombardi sells Gaborik on signing for under $5m a season coming off a white-hot playoff streak in which he topped the postseason in goals. Granted, he’s on the tail end of his career and has had major injury woes over the last several years, but I mean… damn. The Kings organization looks more impressive every day. Most of the roster has a pair of Cup rings, and all but two are already signed long-term. The worst contracts on their books are Richards and Brown, both for under $6m apiece and neither actually a bad player, just overpriced for what they do – and judging by the likes of Clarkson and Nikitin you can sure as hell do worse. Chicago’s about to price itself out of contention and the Kings are like “Hey, how do five more years of THIS sound, assholes? Enjoy.”

      Who are these people, the new freaking Red Wings?

      • dueman - Jun 26, 2014 at 7:03 PM

        Actually, the Kings only have 8 players signed long term. After next season they have a bunch of RFA’s that will be due good raises, and they’ll also have a handful of UFA’s to deal with. They’ll also have to deal with Kopitar the year after that. So I don’t really know where your saying – “and all but two are already signed long-term” – comes from?

      • purpleguy - Jun 26, 2014 at 8:21 PM

        Gaborik will probably be an albatross cap-wise in two years, particularly since his abdomen and groin are about as strong as tissue paper.

  19. phillyphanatic77 - Jun 26, 2014 at 5:20 PM

    Wow thank god the Flyers got Giroux locked up around $8 million. I get that Kane and especially Toews are truly elite (so maybe $12 million is justified) but they should know better than anyone that in order to win a Cup star players need to be willing to make atleast some financial sacrifices. He’s obviously not in the same class but look at the deal Gaborik just took to stay with a cup contender. And after that 2010 Cup, Bowman had to clear house.

    Even if the Blackhawks get them around $10 mil each it still means there will need to be major moves to other parts of the team. Could they move Crawford’s $6mil or Sharp? Or both? How about the young guys coming up that will need new deals? Yes, the cap ceiling will continue to rise but I thought these guys would give Bowman a break. $8.5-9.5 each would be pretty ideal… start getting to 10-12 and you’re in serious trouble.

  20. hockeyornothing - Jun 26, 2014 at 5:57 PM

    If max contract term is 8 years then each gets 8.8 with 1.9 performance bonus and everyone is happy. Both guys’ numbers are covered it looks like a hometown discount and even though he’s from there, Kane would be bored in Buffalo

    Get some endorsements going which wouldn’t be too hard in Chicago and again everyone is happy.

    Cap has to go up its inevitable. Whatever they sign will look great in three yrs.

    • rmccleary97 - Jun 26, 2014 at 6:10 PM

      You can’t have performance bonuses on multi-year contracts.

      • 19to77 - Jun 26, 2014 at 10:51 PM

        Are ELCs an exception to that rule, then? I see performance incentives on rookie contracts all the time.

      • dueman - Jun 27, 2014 at 12:25 PM

        No, what you see are signing bonuses…

  21. jmsalsa - Jun 26, 2014 at 6:11 PM

    I say PAY ‘EM!!

    Meanwhile all the Kings are taking discounts to build a TEAM and something that will win. GO KINGS GO!

  22. thesportsjudge - Jun 26, 2014 at 8:26 PM

    I guess it makes that albatross Bickell contract look reasonable.

    • chanceoffleury - Jun 26, 2014 at 9:04 PM

      Idk sportsjudge, if you ask a lot of Chicago fans apparently there is a hot market this summer for overpaid skaters signed immediately after a good stanley cup run.

      His market appeal is limited to perennial playoff teams with about 2 million extra dollars that they can either wipe their butts with or spend on another team’s impulsive “we just won a stanley cup!” signing. So his market is………nobody? Washington, maybe? Because I assume Anaheim isn’t in any sort of rush to help relieve the Blackhawks of their cap pressure. And it isn’t like Pittsburgh, Boston, San Jose, New York or LA are gonna have any trouble hitting the ceiling. I mean, I’d love to know the market so I can inform Rutherford. I have a certain French defenseman in mind that said teams may be interested in…..

  23. bluesdroogie - Jun 26, 2014 at 8:50 PM

    Can’t both players sign deals under 10 mill and with incentives have the possibility to earn the 12 or with a signing bonus equal 12 with the cap hit still being under 10? Both are vital to the hawks. Don’t deserve the money because no one in the world does but if other top end players are making it they should be equal. They are 2 of the best.

    F*** Chicago

    BLUES FAN.

    You guys had 2 goals. Beat L.A. and then WIN THE CUP. BRING IT BACK TO THE CENTRAL,,,,,,,,,, damn

    I had a feeling when both teams kind of tanked towards the end of the regular season neither were destined for the cup with the way our teams were playing. You beat the Blues solidly but we were not playing very well.

  24. flylikearaven88 - Jun 26, 2014 at 8:51 PM

    I want what those two are smoking. Obviously they will take less but wow! This has to be a fake report.

  25. flylikearaven88 - Jun 26, 2014 at 8:52 PM

    Kane to Philly in the future?

    • phillyphanatic77 - Jun 26, 2014 at 9:11 PM

      He should’ve been there all along… man I was so pissed when Chicago jumped in front of the Flyers after enduring the worst season I’ve ever watched from the orange and black. If the Flyers got Kane instead of JVR who knows how different things would’ve turned out. Chicago, most likely, wouldn’t have been in that 2010 Final and maybe it’s the Flyers who take the Cup. Ah I can dream.

      Anyway, if one of em leaves it’ll definitely be Kane but it won’t be to Philly. he’ll probably get a $15million offer from Buffalo to come home.

      • puckoff70 - Jun 26, 2014 at 11:47 PM

        He’s not good enough to warrant that kind of coin. His size and weak defensive skills put him in a 7.5 mil sort of deal. A penny more is stupidity.

      • phillyphanatic77 - Jun 27, 2014 at 12:28 AM

        I wasn’t seriously suggesting he’d get $15 million. Still, if he decided to leave Chicago you can bet Buffalo would outbid pretty much everyone. They need a face for that franchise, it’s his home town, and they have plenty of caproom.

  26. puckoff70 - Jun 26, 2014 at 11:44 PM

    lol, Chicago signed big fat goalie Crawford to a 6 mil a year deal? That’s a funny big waste of money! With that sort of history I expect they’ll over pay Kane and Toews too. Its good to be a kings fan.

  27. 13datsyuk13 - Jun 27, 2014 at 12:04 AM

    Negotiations tend to start high and low. It’s about finding a middle place where both parties are happy. Kane and Toews know they aren’t going to get 12 million, but it gives them room to come down around 9 and look like heroes.

  28. adamal17 - Jun 27, 2014 at 2:57 AM

    There is a Bowman running this team. Everyone just needs to sit back and watch him sign Kane and Toews to something around 9.5-10.5 and see him figure out a way to win another cup within a few years. Remember three years ago when the cap was so much lower and they had to blow the team up and everyone was saying how screwed they were? Oh yeah; they won the cup a couple years later. The people running (most of) the teams in the NHL are much smarter than anyone on any message board. I’m just glad the Wings only have to play the Hawks twice a year now; because they are going to be a force…for as long as they have Kane, Toews and Keith as their “core”.

  29. icrew29 - Jun 27, 2014 at 7:42 AM

    Where is this information coming from? Towes and Kane will both be signed no later than July 1st. The only way anyone would know how much they are asking for is if your butt is in the room or on the phone with their agent and Stan Bowman. It is all speculation just like the trade involving Sharp.

  30. bandree - Jun 27, 2014 at 9:54 AM

    Towes give 9 mil no more! Kane give 7.5 mil tops! Towes is not replaceable, Kane is…although it would be tough for the team to replace. Even with the cap going up signing these two for 12 mil. is not only stupid it would hurt the team.

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