Kukla's Korner

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Selanne Signs For Two Years

from Dan Wood at Ducks Blog,

Right wing Teemu Selanne is scheduled to be in the Ducks’ lineup for Sunday’s 5 p.m. exhibition game against the Vancouver Canucks at Honda Center after signing a two-year, $5.25 million contract earlier in the day.

Two years? Perhaps next summer, unlike the past two, we won’t have to endure persistent and ridiculous Internet rumors that Selanne is headed to play in Montreal, Dallas, Sweden, Russia, Timbuktu or wherever else….

The signing of Selanne once again pushes the Ducks above the NHL’s $56.7 million salary ceiling for this season, by about $1.225 million…

The Ducks’ current salary-cap projection includes having rookie winger Bobby Ryan on the NHL roster, which isn’t a given, but appears more likely than not. Were the Ducks to assign Ryan to their American League affiliate, the Iowa Chops, the Ducks would slide more than $500,000 beneath the cap with that move alone.

continued

added 7:03pm, from Eric Duhatschek of the Globe and Mail,

The pertinent numbers: Selanne will earn $3.25 million in the first year of the deal and $2 million in the second. It’s a total package of $5.25 million, with no performance bonuses, so the annual salary-cap charge is $2.625 million – reasonable by today’s standards for a player of Selanne’s caliber, who will play in the Ducks’ top six.

Presumably, the Ducks are convinced of his commitment too, because if Selanne decides not to play next year, they take a salary-cap hit anyway (a function of his being over the age of 35).

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Filed in: NHL Teams, Anaheim Ducks, | KK Hockey | Permalink
  Tags: teemu+selanne

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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.

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