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McCabe Deal Still Pending—Update: Deal Done

From Brian Biggane at Inside the Panthers:

More than six hours after Canadian website TSN predicted the Bryan McCabe-Mike Van Ryn would be completed, there was still no announcement forthcoming from either the Panthers or Toronto.

Call it yet another reminder that such deals usually aren’t as clear-cut as they appear on the surface.

While the key components of the deal were already in place, Toronto General Manager Cliff Fletcher told his beat writers that the two sides had very little communication prior to Tuesday, making it likely that some of the ancillary issues still had to be worked out.

continued…

Update 5:30pm ET: From TSN

The long rumoured deal was held up while the Panthers waited for the Leafs to pay a $2 million bonus due to McCabe on Sept. 1.  With the payout, McCabe, 33, will earn $4.15 million in each of the final three seasons of the five-year, $29 million contract he signed with Toronto in 2006.

The Maple Leafs will receive defenceman Mike Van Ryn in exchange for McCabe and a fourth round pick in the 2010 Entry Draft.

 

Filed in: NHL Teams, Florida Panthers, Toronto Maple Leafs, | KK Hockey | Permalink
  Tags: bryan+mccabe, mike+van+ryn

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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.

Email Paul anytime at pk@kuklaskorner.com

 

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