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Looking At Koivu’s Contract

from Michael Russo of Russo’s Rants,

Other than the obvious talent, it’s this Koivu quality or intangible that makes GM Chuck Fletcher want to make Koivu the centerpiece to everything he builds in Minnesota.

Obviously, a seven-year, $47.25 million commitment is, in fact, quite the commitment. It’s a $6.75 million salary cap, which is a colossal price for somebody who’s not scored more than 22 goals. I figured Ryan Kesler’s $5 million-a-year contract would be a starting point and the Wild would have to come in higher, but I never thought for a second it’d come in over 6. And truthfully, neither did a couple agents or GM’s I texted with last night.

I asked Fletcher about Koivu’s cap hit on yesterday’s conference call, saying he’s giving this to somebody who doesn’t score 40 or 50 goals. Fletcher replied, “How do you know?”

Hey, very true. But what I meant is Koivu probably could pop in 35 or 40 if he really wanted to, but the reality is he really doesn’t want to.

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Filed in: NHL Teams, Minnesota Wild, | KK Hockey | Permalink
  Tags: mikko+koivu

Comments

TheFreak's avatar

Russo has some good points.

Maybe the GM figured it was a safer gamble to pay Koivu this kind of money than to have paid Gaborik with his injury history? But if Koivu doesn’t perform, it still a waste.

Not knowing what the Wild cap room is, or their self imposed cap, maybe they needed to fill space with his contract. They now have to market him as the face of their franchise and hope they fill seats (maybe they don’t have a problem with that anyway).

Posted by TheFreak on 07/16/10 at 12:53 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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