Kukla's Korner

Entries with the tag: vincent lecavalier

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

The Economy, The Cap, & Some Guy Named Vinny

Most economists are predicting that the current recession, which we’ve been in for more than a year, will start to see some recovery after the second quarter of 2009. If that’s true, and if jobs are created instead of lost and spending is up by consumers, then we’ll have some return to normalcy in about two years—though it’ll be a trickle-down effect, at least when it comes to sports.

(Thank you, two quarters of economics in college.)

Look, I’m no financial expert but I try to stay abreast of big-picture issues enough to know whether things are getting better or worse. And assuming the timeline for getting better fits those predictions, then I think we’ll actually see a two-year span where the salary cap stays around the same area within a $3 million tolerance (most likely in the negative). However, slash-and-burn thoughts of the cap dropping to $40 million overnight are impossible. Think of it this way:

-Revenues for October 2007 to June 2008 pushed the cap to $56.7 million
-The recession began in the last quarter of 2007
-Bettman and co. predict that cap for 09-10 will remain roughly in the same area, if not drop a little bit
-2008’s sales numbers hit record lows
-Some economists say that the worst of recession may be over as 2008 closes, beginning of recovery in second half of 2009

Assuming there’s a bit of a lag effect on the recovery’s effect on the NHL, then we should see the cap for 10-11 go into a similar “same range or slightly worse” prediction as consumer spending should gradually pick up in Q3 2009 and hopefully the holiday season. This type of spending starts with necessities, then trickles into the entertainment dollar.

My point with all this—and yes, there is one—centers around one Vincent Lecavalier, he of the non-stop trade rumors and monster salary.

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

10 Years Ago: THN’s Top 50, #5

We’re halfway through the big countdown of The Hockey News 1998-99 Top 50 players, along with a comparison to their 2008-09 counterparts. Here’s the list so far:

10: Keith Tkachuk/Dany Heatley
9: Chris Pronger/Evgeni Malkin
8: Mike Modano/Jarome Iginla
7: Eric Lindros/Roberto Luongo
6: Nicklas Lidstrom/Nicklas Lidstrom

At #5, we’ve got one of the most prolific players of the 1990s and one of the best players in Russian hockey history: Sergei Fedorov.

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Filed in: NHL, | Mike Chen's Hockey Blog | Permalink
  Tags: sergei+fedorov, vincent+lecavalier

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