Kukla's Korner

Entries with the tag: mike richards

What Can GMs Do With Lifetime Deals?

Another day, another monster long-term deal. This time, the deal keeps Henrik Zetterberg in Detroit until Miley Cyrus is in her late 20s. Yes, it’s that long, and it’s very similar to the deal that Tampa Bay gave Vincent Lecavalier.

It boggles my mind that teams would give any player that term if they’re over the age of 25. Even for players under that age (like the Mike Richards deal), it’s still a difficult number to accept but it makes a little more sense—you’d rather have the contract (and cap hit) run out when the guy is 35, not 40.

But it’s not all set in stone. The NHL CBA is a dense document filled with clauses and loopholes and all sorts of legal verbiage that will make your head spin. Inside the 100+ pages of legal mumbo jumbo, GMs have a few options for dealing with the end of a long-term deal. They’re not necessarily pretty, and the “fairness” of the whole thing can depend on how good the player actually is towards the end of his career. Here’s what they can do:

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Filed in: Salary Cap, | Mike Chen's Hockey Blog | Permalink
  Tags: henrik+zetterberg, mike+richards, vincent+lecavalier

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