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What To Pay Jared Cowen?

from Bruce Garrioch of the Ottawa Sun,

With less than a month to the opening of training camp, the Senators and restricted free agent defenceman Jared Cowen are still trying to get a contract in place as the sides try to find common ground on length and dollars.

League sources confirmed to the Sun Thursday the Senators have tabled an eight-year, $28-million offer — an average of $3.5 million per season — to Cowen’s camp.

It hasn’t been rejected, but the deal’s not done, either.

It is similar to the seven-year, $28-million contract signed by New York Islanders blueliner Travis Hamonic, which pays him an average of $4 million per season.

The two sides have exchanged several proposals and are still trying to find the route to a contract.

read on

Filed in: NHL Teams, Ottawa Senators, | KK Hockey | Permalink
  Tags: jared+cowen

Comments

Da lil Guy's avatar

That’s insanity.

Posted by Da lil Guy from Guelph, Ontario on 08/16/13 at 07:55 AM ET

Bradley97's avatar

That’s insanity.

Posted by Da lil Guy from Ottawa on 08/16/13 at 08:55 AM ET

Could you please elaborate? I’m not that familiar with Cowen just yet.

Posted by Bradley97 on 08/16/13 at 09:51 AM ET

Avatar

Could you please elaborate? I’m not that familiar with Cowen just yet.

He’s shown quite a bit of potential, but he’s only played 90 NHL games, and looked quite shaky in the stretch drive and playoffs last year. Too soon to make such a long term investment, IMO. Better to do a two-year deal to make sure you’re sure what you have.

Posted by Chris M on 08/16/13 at 10:39 AM ET

Bradley97's avatar

He’s shown quite a bit of potential, but he’s only played 90 NHL games, and looked quite shaky in the stretch drive and playoffs last year. Too soon to make such a long term investment, IMO. Better to do a two-year deal to make sure you’re sure what you have.

Posted by Chris M on 08/16/13 at 11:39 AM ET

Thanks. Yes, based on that a two-year bridge deal would make more sense at this point, like the Wings did with Howard who proved himself during the bridge contract. This will either be a disaster or pure genius on Ottawa’s part. I’m surprised his agent is negotiating this deal as the cap is projected to go up significantly when a bridge deal would expire.

Posted by Bradley97 on 08/16/13 at 10:52 AM ET

Da lil Guy's avatar

Chris M has summed it up in a nutshell (sorry for my curt response…sometimes when I look at things during my coffee break, I don’t have time to elaborate).

The organization is apparently very high on Cowen. Rumours are that his name came up in a lot of trade talk and he was deemed untouchable. Most fans seem to agree that Cowen projects to be a very solid top 4.

I’m less convinced, personally - his development has been savaged by injuries and illness, and when he’s been able to play he has shown some signs of his potential, but has also been absolutely terrible at times. People will tell you he’s young and it’s only a matter of time before the mistakes dissapear and the potential starts to be realized. I’m not convinced, and I definitely wouldn’t spend $28 million on it.

Yes, if Cowen meets his potential the proposed deal will be an absolute steal for the team in years 5-8. If he doesn’t, it will be an albatross. This is particularly true since I would imagine the 8 year deal is backloaded - which would mean his real salary number will be much higher in the later years than his cap hit. This is a problem for a team that operates more on an internal budget, and potentially makes the player impossible to trade to boot.

I’d prefer a 3 year bridge deal to find out what they have with him. Yes, it means he’ll be an RFA with arbitration rights when it ends but at least he’ll be a known quantity.

Posted by Da lil Guy from Guelph, Ontario on 08/16/13 at 11:19 AM ET

Bradley97's avatar

Posted by Da lil Guy from Ottawa on 08/16/13 at 12:19 PM ET

Thanks for the elaboration. Sounds like he’s having the same difficulties Krownall did during his first few seasons. He got a great deal once he proved himself. But that’s how the Wings operate. I’m only now learning how the Sens operate, and for a budget team this could be a very bad deal indeed. Well, for any team, really.

Posted by Bradley97 on 08/16/13 at 11:27 AM ET

Primis's avatar

I don’t get it.

Guys like Quincey and Ericsson can nab $3m+ deals, but a guy like Cowen gets balked at for the same amount?  Cowen’s slightly less-experienced NHL-wise but probably still more upside than most.  The Sens could really, really use him in their future plans.

Then again it’s the Sens.  And as we’ve seen this week, the Sens don’t want to pay anyone…

Posted by Primis on 08/16/13 at 11:39 AM ET

Avatar

Guys like Quincey and Ericsson can nab $3m+ deals, but a guy like Cowen gets balked at for the same amount?

Seems like the head scratching is more about the duration…

Also, is there anyone who was happy with Quincey’s or Ericsson’s deals when they were signed?

Posted by Garth on 08/16/13 at 11:44 AM ET

Avatar

Primis, the issue isn’t with the $, it’s the term.

Posted by Chris M on 08/16/13 at 02:16 PM ET

DrewBehr's avatar

Anyone offering an 8 year deal to someone with basically a season’s worth of experience that isn’t the second coming of Lidstrom should be shot.

This is essentially like if the Wings had given Brendan Smith an 8 year deal. Completely nuts.

Posted by DrewBehr from The Mitten on 08/16/13 at 03:10 PM ET

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