Kukla's Korner Hockey
from Mike Zappone at KDKA in Pittsburgh,
It’s laughable when I hear people around the league complaining every time a player signs a large contract. The instant knee-jerk response is that the lockout didn’t work. Those naysayers can’t be more wrong. Players will always jump from team to team, and there will always be teams overpaying for players. That’s the nature of free agency. Why don’t the same people complain when the same signings happen in the salary capped NFL?
The NHL’s cap system is actually more foolproof than the NFL’s. Teams can’t play around with bonus money to soften the cap hit or hide dollars like they do in the NFL. The NHL’s system counts every part of the contract towards the cap numbers.
fromm the Pittsburgh Penguins,
The Pittsburgh Penguins have re-signed forward Colby Armstrong to a two-year contract, it was announced Thursday by Executive Vice President and General Manager Ray Shero.
“Colby is another young guy who plays with passion, gives us versatility up front and brings an added physical dimension to our team,” Shero said. “We are confident he’ll continue to grow as a player and benefit from experiences like having played for Team Canada at the World Championships.”
from a Pittsburgh Tribune-Review editorial,
As money is fungible, it is no stretch to say Mr. Crosby’s financial fortune is partly guaranteed by taxpayers. They’ll receive less property-tax “relief” so the teenage hockey phenom can be magnificently paid….
So, sure, we’ll join the chorus and praise the young star for being a team player. He appears to be mature beyond his years for taking less money now in hopes of keeping the nucleus of a hot team together and on the road to another Stanley Cup.
But none of this would be possible without taxpayers. And that remains a sad commentary considering Greater Pittsburgh’s far more pressing needs.
from the Pittsburgh Post-Gazette,
Mansions? Flashy cars? Gaudy jewelry?
Crosby is content being a renter at Mario Lemieux’s house and driving a vehicle that’s good in the snow and gets him to and from work. And the only piece of bling in which he seems interested is one that can’t be bought in a store: A Stanley Cup ring.
That’s why he accepted a deal that’s worth an average of $8.7 million per season, below the maximum allowed by the NHL’s collective bargaining agreement.
via the Pittsburgh Post-Gazette,
The Penguins have signed center Sidney Crosby to a five-year contract extension. Financial details were not immediately available, but the deal is believed to be worth about $9 million per year.
It will take effect in the 2008-09 season.
added 10:15am, from the Pittsburgh Penguins,
Sidney Crosby has signed a five-year contract extension that will keep him with the Pittsburgh Penguins through the 2012-13 season, it was announced Tuesday by Executive Vice President and General Manager Ray Shero.
Crosby will play the 2007-08 season under the terms of his original NHL entry-level contract. The five-year extension will take effect at the start of the 2008-09 season and run through 2012-13.
Multiple NHL sources have told WGR that the Sabres are in line for a potential New Year’s Day game at Ralph Wilson Stadium.
Another source, the Pittsburgh Tribune-Review reports that the Penguins have agreed to be the visiting team for such a contest, with Buffalo and Detroit as possible homes. It’s also reporting that NBC is tentatively calling the event, “The Ice Bowl.”
added 11:05am, via the Hockey News,
An NHL source, who spoke with THN.com Tuesday morning, says an official announcement could be made within the next two weeks.
from the Pittsburgh Post-Gazette,
There still will be some give-and-take, some offers and counter-proposals—maybe even a few snags—before an agreement is reached, but agent Pat Brisson likes the way Sidney Crosby’s contract negotiations have moved along so far.
“They’re going in the right direction,” Brisson said last evening.
He declined to elaborate on the talks, which will resume today unless Brisson, who is based in Los Angeles, managed to hook up with Penguins general manager Ray Shero last night.
added 2:21pm, Pens also signed Christensen via TSN...
From Darren Dreger at TSN,
Based on the free spending and length of contracts handed out this week, can you imagine the chaos that would erupt with Sidney Crosby available in unrestricted free agency?
Crosby isn’t eligible until 2012, but he is entering the final year of his entry level contract with the Pittsburgh Penguins.
Discussions between the Penguins and Crosby’s agent Pat Brisson are ongoing with the expectation an extension will be announced soon.
However, this negotiation isn’t as simple as Mario Lemeiux writing a cheque.
*Here is an earlier KK link from yesterday, regarding Crosby’s negotiations, etc.
From Rob Rossi at the Pittsburgh Tribune-Review,
Crosby is entering the final season of a three-year, entry-level contract he signed shortly after the Penguins made him the top pick in the 2005 NHL draft. All he has done since signing that deal—which, with performance incentives, has paid him well (almost $4 million annually) over the past two years—is halt the Penguins’ six-season playoff drought, become the youngest athlete to lead any North American professional league in scoring and win acclaim by both his peers and the hockey media as the league’s most valuable player.
He will turn 20 on Aug. 7. The Penguins can start talking today to his agent, Pat Brisson, about a lengthy contract extension, under terms of the league’s collective bargaining agreement.
*thanks to a KK reader for pointing out this story
About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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