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Expect Crosby Extension On Sunday

via Darren Dreger tweet,

Expect the Penguins to announce Sidney Crosby’s contract extension on Sunday. Over $100 million dollars with an AAV of close to $9 mil per.

added 12:21pm, via Pierre LeBrun tweet,

Crosby’s agent Pat Brisson of CAA Sports just told me the deal will be $104.4 million over 12 years

Filed in: NHL Teams, Pittsburgh Penguins, | KK Hockey | Permalink
  Tags: sidney+crosby

Comments

Nathan's avatar

If Crosby is a $9 million cap hit player, the hysteria over Wideman’s cap number can wind down, because Suter and Parise will fall in below Crosby.

Posted by Nathan from the scoresheet! on 06/28/12 at 12:45 PM ET

MoreShoot's avatar

What does this do for Pittsburgh’s cap situation?  Does this position them well to compete for Parise?

Posted by MoreShoot on 06/28/12 at 12:52 PM ET

Wings_in_NYC's avatar

I wonder how many of those 10+ years he plays. Lots of money and time for someone who sat out for so long with a concussion.

Posted by Wings_in_NYC on 06/28/12 at 01:05 PM ET

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If Crosby is a $9 million cap hit player, the hysteria over Wideman’s cap number can wind down, because Suter and Parise will fall in below Crosby.

Crosby is obviously taking a lot less than he could get.  I still see players getting more than 9 million.

Posted by gretzky_to_lemieux on 06/28/12 at 01:11 PM ET

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What does this do for Pittsburgh’s cap situation?  Does this position them well to compete for Parise?

I think this actually allows them to pursue Parise.  In fact, it is possible Sid is giving this discount with the assumption that Shero will use the extra cash to finally provide him with a winger that should not be slated for the 3rd or 4th line.

Posted by gretzky_to_lemieux on 06/28/12 at 01:12 PM ET

pensfan29's avatar

Same cap hit. That’s what you call a classy team player. He could have easily demanded 9-10 mil a year and gotten it. Hope he stays healthy all 12 years.

Posted by pensfan29 on 06/28/12 at 01:35 PM ET

J.J. from Kansas's avatar

The only slight problem with this is if it pays huge money up front and winds down too small over the last years, then it’s a bit more dangerous to have an $8.7M cap hit on a player making $2M if he’s only 36. 

I mean, the cap inflation thing is the same deal: $8.7M will not be the same cap hit 12 years from now, so it will matter less, but 36 is less likely to be a retirement year than 40.

Either way, I think this gives the Penguins a good bit of flexibility with also some assurance going into free agency.  This is a good job by Shero doing this right now.

Posted by J.J. from Kansas on 06/28/12 at 01:44 PM ET

Flashtastick56's avatar

Crosby is obviously taking a lot less than he could get.  I still see players getting more than 9 million.

Posted by gretzky_to_lemieux on 06/28/12 at 12:11 PM ET

EXACTLY.  He’s not even getting a raise!

Just for some perspective:

Cap in ‘08-09:  $56.7 million. 

Cap in ‘11-12:  $70.2 million.

Team player, all the way.  Imagine how awesome the summer will be if he can convince Parise to come play in the ‘Burgh.  Man…

Posted by Flashtastick56 from Meriden, CT on 06/28/12 at 01:49 PM ET

Paul's avatar

Penguins make it official.

Posted by Paul from Motown Area on 06/28/12 at 01:57 PM ET

Primis's avatar

What does this do for Pittsburgh’s cap situation?  Does this position them well to compete for Parise?

Posted by MoreShoot on 06/28/12 at 11:52 AM ET

Actually, my understanding is that it does absolutely nothing for PIT’s cap count for next year because the extension doesn’t take effect until after this coming season.

So realistically, unless Parise was expecting a weird structuring for his contract involving something this coming season somehow, I don’t know that it either hurts or helps PIT in their pursuit of Parise.  PIT already had the room…

My personal take though?  Have fun sucking air through your teeth every time Crosby gets hit for the next 13 years, Pens fans…

Posted by Primis on 06/28/12 at 02:05 PM ET

Avatar

What does this do for Pittsburgh’s cap situation?  Does this position them well to compete for Parise?

Posted by MoreShoot on 06/28/12 at 11:52 AM ET

You could say that. Averaged out over the $10 year term, this is a $0 increase over his current salary.

Posted by larry from pitt on 06/28/12 at 02:29 PM ET

Red Winger's avatar

Crosby taking one for the team, by only getting nine million dollars a year. What a martyr.

Posted by Red Winger from Sault Ste Marie on 06/28/12 at 03:00 PM ET

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The only slight problem with this is if it pays huge money up front and winds down too small over the last years, then it’s a bit more dangerous to have an $8.7M cap hit on a player making $2M if he’s only 36.

True, but I’ve heard many people say during the Parise discussion that the Penguins are opposed to front-loading contracts, and that this could hurt their chances of getting him. 

They have not historically done it, which would put them at a disadvantage compared to organizations that have no problem doing it (such as Detroit), and organizations who reportedly are quite willing to start doing it to draw Parise (such as Minnesota).

So it would be unlikely for the Pens to do this—thoughif they’d make an exception for anyone, it would no doubt be Crosby.

Posted by Lex Talionis on 06/28/12 at 03:12 PM ET

Avatar

thoughif they’d make an exception for anyone, it would no doubt be Crosby.

and per Lebrun, apparently they did make just such an exception, so your point stands, JJ.

Posted by Lex Talionis on 06/28/12 at 03:19 PM ET

cs6687's avatar

Crosby taking one for the team, by only getting nine million dollars a year. What a martyr.

Haters gonna hate. Crosby could have taken $14 million but instead took only $8.7 to help this team build. Yep. He’s a martyr.

Posted by cs6687 on 06/28/12 at 05:04 PM ET

mrfluffy's avatar

I fail to see why some of us Wings fans are upset; that’s a damned good deal.

Posted by mrfluffy from A wide spot on I-90 in Montana on 06/28/12 at 05:15 PM ET

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Not a an of the long term deals (too much risk IMO) but I’m not going to argue here.  Leaves Sid at exactly the same cap hit and gives the Pens a chance to go after at least one of the top guns on Sunday.

Posted by pens fan in baltimore on 06/28/12 at 05:30 PM ET

pensfan29's avatar

I fail to see why some of us Wings fans are upset; that’s a damned good deal.

Posted by mrfluffy from Long Beach on 06/28/12 at 04:15 PM ET

Haters gon hate

Posted by pensfan29 on 06/28/12 at 05:47 PM ET

Red Winger's avatar

I don’t care if it was fuchin’ Lidstrom making that deal with the Wings, I have a hard time seeing someone who only takes 9 mil a year as some kind of hero, a martyr for the team.

Gimme’ a break.

Plus, Crosby won’t play more than a season or two on this contract. The feathers in a pillow in some hotel room will be too hard, and he’ll get concussed sleeping.

Posted by Red Winger from Sault Ste Marie on 06/28/12 at 06:22 PM ET

cs6687's avatar

I don’t care if it was fuchin’ Lidstrom making that deal with the Wings, I have a hard time seeing someone who only takes 9 mil a year as some kind of hero, a martyr for the team.

Gimme’ a break.

Plus, Crosby won’t play more than a season or two on this contract. The feathers in a pillow in some hotel room will be too hard, and he’ll get concussed sleeping.

Haters gonna hate. Again. Understand the context of Sid taking only $8.7 million. He could have taken the 20 percent maximum, or $14 million, and caused the Penguins to lose key players and probably field a weaker team. He took less to help the Penguins remain a contender for a long time. That’s why he’s being praised.

You may resume irrational hatred.

Posted by cs6687 on 06/28/12 at 07:00 PM ET

J.J. from Kansas's avatar

He could have taken the 20 percent maximum, or $14 million

Man, I know that there’s this CBA technicality which allows a team to pay Crosby $14M Cap hit dollars, but I honestly don’t think Shero would have paid him that if he demanded it, not with the concussion risk.

I get that it’s a lower cap hit than Crosby had right to demand, but let’s not pretend that Sid says “gimme 14” and Shero just rolls with it.

Posted by J.J. from Kansas on 06/28/12 at 07:42 PM ET

Flashtastick56's avatar

Posted by J.J. from Kansas on 06/28/12 at 06:42 PM ET

The point is, though, he could’ve asked for more…and he didn’t.  He took the same amount he’s making now.  A player of his caliber, with his resume, not even getting a raise on what he was making on his 2nd contract as a pro?  He’s got to get some credit for that…because you know the reason he did it was to make sure the team’s cap is flexible enough for them to go out and get players to be a contender every year.

At least, that’s what the length tells me.  If he didn’t get the raise because of the injuries he’s suffered over the last couple of years, I would tend to think that the contract would’ve been shorter…so he could “prove” himself.  That seems logical in my head.

Posted by Flashtastick56 from Meriden, CT on 06/28/12 at 07:50 PM ET

Avatar

Red Winger, everyone knows your stance on Crosby.  Get over yourself one time.

JJ, I agree that I would hope Shero wouldn’t go for a max deal, but who knows?  Shero said he basically had a blank check.  The rumored deal was 9mil, the fact that he stays at the same rate is great, or should be great, for at least the next 5-7 years.  It’s a risk, but what deal with him wouldn’t be?

Posted by pens fan in baltimore on 06/28/12 at 07:52 PM ET

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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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