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Franzen Has A Deal

via TSN,

Sources tell TSN Johan Franzen and the Detroit Red Wings have agreed to a long-term contract extension.

Sources say the deal is believed to be a long one, upwards of nine or 10 years in order to keep the salary cap hit to a manageable level for the Red Wings.

updated 1:42pm, from Todd Beam at DetroitRedWings.com,

Detroit Red Wings general manager Ken Holland announced today that the club has signed forward Johan Franzen to an 11-year contract.

In keeping with team policy, additional terms of the deal were not disclosed. The 11-year pact represents the second longest deal in club history, just behind the twelve-year contract signed by teammate Henrik Zetterberg in January.

“We are thrilled that Johan will remain a member of the Detroit Red Wings” Holland said. “His production over the past year and a half, both regular season and playoffs, has been remarkable and we feel, at 29 years old, that he is just now entering the prime of his career.  We look forward to having him as a part of our core unit in Detroit moving forward.”

more

added 2:20pm, via Ansar Khan of Mlive,

The Red Wings have signed forward Johan Franzen to an 11-year contract extension that averages $3.9 million a season.

It’s a front-loaded deal that includes a no-trade clause for the first five or six years.

“He’s a guy who’s a 30- to 35-goal scorer now it appears,’’ general manager Ken Holland said. “We get a good player at a good cap number. In return we’ve given up term and security.’‘

Holland said he will resume negotiations with the agent for Marian Hossa after the playoffs. He is still hoping to sign Hossa.

Filed in: NHL Teams, Detroit Red Wings, | KK Hockey | Permalink
  Tags: johan+franzen

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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.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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