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TSN’s McKenzie: Red Wings re-sign Ericsson

Updated 8x at 10:39 PM: The Red Wings have re-signed Jonathan Ericsson, per TSN’s Bob McKenzie, but his asking price was a bit steep:

DET agrees to terms with Jonathan Ericsson. Numbers not confirmed but believed to be three years at around $9.75M total.

Update: Per the Sporting News’s Craig Custance:

Jonathan Ericsson deal not quite done but close.

Update #2: Here’s TSN’s report:

The Detroit Red Wings have agreed to terms with defenceman Jonathan Ericsson. Terms of the deal were not disclosed but it is believed to be a 3-year deal at around $9.75 million.

Ericsson, who was eligible to become an unrestricted free agent on Friday, earned $900,000 last season.

Update #3: MLive’s Ansar Khan confirms:

The Detroit Red Wings have signed defenseman Jonathan Ericsson to a three-year contract that averages $3.25 million a season, a source told Booth Newspapers.

This is much higher than the Red Wings’ recent offer of slightly more than $2 million per season. But as quality free-agent defensemen were getting re-signed by their own teams, the market was thinning, increasing Ericsson’s value.

The 6-foot-4, 220-pound Ericsson earned $1.25 million in 2010-11, his second full NHL season.

Red Wings general manager Ken Holland couldn’t be reached for comment, but he said earlier in the day that he was making progress with Ericsson and right wing Patrick Eaves, who were scheduled to become unrestricted free agents at noon on Friday.

Update #4: The Macomb Daily’s Chuck Pleiness also confirms:

A source has confirmed that defenseman Jonathan Ericsson has reached a deal to remain with the Wings.

The deal is three years for $9.75 million.

More details to follow.

Update #5: The Detroit News’s Ted Kulfan confirms on Twitter:

Jonathan Ericsson back with the Wings. Eaves is getting closer, too.

Update #5: The Free Press’s Helene St. James also confirms:

The Red Wings locked up defenseman Jonathan Ericsson today with a three-year extension worth $9.75 million. The deal closed a little under 16 hours before Ericsson, 27, would have hit the market as an unrestricted free agency at noon Friday.

General manager Ken Holland told the Free Press over the weekend the sides were closed, and all that remained was to sort out a few details. Holland is also close to re-signing forward Patrick Eaves, while Drew Miller appears determined to test the market.

They also have Jakub Kindl under contract, and are prepared to give Brendan Smith, their first-rounder from the ‘07 draft, every chance to make the team.

Ericsson provides good size at 6-foot-4 and 220 pounds, though the Wings repeatedly push him to be more physical. He rebounded from a subpar 2009-10 with a very steady season that saw him reach a career-high 15 points and finish plus-8. He was an able penalty killer, and showed signs he can help out the power play on the back end if needed.

Ericsson’s $3.25 million salary cap hit (the same as what he’ll make each season) is more than Niklas Kronwall’s, but Kronwall is due a considerable raise when his contract expires next summer. The Wings have Ericsson penciled in as the No. 5 defensman for 2011-12, but he’s looked good when playing with Nicklas Lidstrom in the past, and this signing gives the Wings some breathing room as they approach free agency on Friday.

Update #6: More from Kulfan via Twitter, and he is, regrettably, right:

That’s a lot of money for Ericsson but given the climate in the NHL this week (and for sure tomorrow) the cap number ($3.25M) is about right
...
Not saying that Ericsson earning $3.25M is right. That puts him past Kronwall (until after next season).

Update #7: Here’s Kulfan’s report:

The Red Wings kept one player in the fold. Defenseman Jonathan Ericsson has re-signed with the Red Wings on a 3-year contract. Financial terms weren’t immediately confirmed, but it’s expected the total will be just under $10 million.

Ericsson, 27, earned $900,000 last season.

Ericsson played in 74 games last season, scoring 15 points (three goals, 12 assists). He was plus-8, with 87 penalty minutes. Ericsson had three points (one goal, two assists) in 11 playoff games.

The signing leaves forwards Patrick Eaves and Drew Miller available. It appears the Wings are somewhat closer to an agreement with Eaves at this point.

The Wings are also negotiating with unrestricted free agent forward Jaromir Jagr.

Update #8: Per the Macomb Daily’s Chuck Pleiness:

As the free agency deadline fast approaches, the Wings have locked up one player and seem to be getting closer to a deal with another of their three unrestricted free agents. Defenseman Jonathan Ericsson agreed to a deal late Thursday night, a source told The Macomb Daily. The deal is for three years and $9.7 million.

Wings general manager Ken Holland, who could not be reached for comment on the Ericsson signing, said Thursday they were making progress on Ericsson and with forward Patrick Eaves, but that nothing had been finalized.

“We’re still talking and I think we’re making progress,” Holland said. “But once you get to noon (today) it’s wide open for anyone to sign them.”

Detroit’s original offer to Ericsson, who made $1.25 million last year, was just over $2 million a season. His price tag rose as unrestricted free agent defensemen were taken off the market.

Also:

Holland added that Wings coach Mike Babcock is continuing to talk to assistant coaching candidates. He hopes to make a decision early next week.

“We’ve narrowed it down to a few guys,” Holland said.

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Comments

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Ericsson, 27, earned $900,000 last season.

No he didn’t.

Posted by Garth on 07/01/11 at 12:26 AM ET

Cwix's avatar

E is SO lucky he was UFA this year and not next.
Posted by Zaze on 06/30/11 at 10:00 PM ET

Exactly

Remember when craaazy people said Holland should step down and make room for Yzerman? I hate them 10% less right now.
Posted by Guilherme from Brazsil on 06/30/11 at 10:17 PM ET

LOL

Posted by Cwix from Grand Rapids, now Roanoke, VA on 07/01/11 at 12:26 AM ET

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Shit, maybe Holland IS a genius, maybe this is a sign-and-trade with Florida or something…

Posted by Garth on 07/01/11 at 12:27 AM ET

dougie's avatar

He typed that the Wings see Big E as a No. 2 guy down the road.

Posted by loojay on 06/30/11 at 10:05 PM ET

Hell, watching him play this season, I think many nights he definitely looked like a No.2….the steaming, stinkin’ kind.

Posted by dougie on 07/01/11 at 12:28 AM ET

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Reading update #6, and taking a deep breath, two thoughts:

1. Nobody’s perfect, but Ken Holland has a long track record.
2. If this is the going rate, as update 6 says, we’ll soon find confirmation tomorrow.
3. If this is the fun this year, Kronwall and Stuart are the unrestricted free agents next year it looks like. Oh boy, maybe save some of the cap space now?

Posted by bugsy on 07/01/11 at 12:29 AM ET

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If this is the fun this year, Kronwall and Stuart are the unrestricted free agents next year it looks like.

This year Rafalski retires and instead of getting someone good they give half his salary to a #5 guy.

Next year Kornwall and Stuart demand too much and because “Ken Holland won’t overpay” he let’s them walk, giving $7M to Doug Janik and making Jordan Pearce the #2 defenseman.

Posted by Garth on 07/01/11 at 12:32 AM ET

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My fault for not correcting two thoughts to three thoughts

Posted by bugsy on 07/01/11 at 12:32 AM ET

yzer19man's avatar

Crossing my fingers and hoping for a sign and trade…Kenny, I shouldn’t doubt you, but you are making me wonder…

Posted by yzer19man from Chicago, IL on 07/01/11 at 12:38 AM ET

yzer19man's avatar

Next year Kornwall and Stuart demand too much and because “Ken Holland won’t overpay” he let’s them walk, giving $7M to Doug Janik and making Jordan Pearce the #2 defenseman.

Posted by Garth on 06/30/11 at 10:32 PM ET

ahahaha wow God help us all

Posted by yzer19man from Chicago, IL on 07/01/11 at 12:39 AM ET

cainer4wingsglory's avatar

This is BS. Kenny Holland, you just ruined my night. The going rate? F that man. Let that bitch walk for that money. It looks like the on-ice disappointment that we’re experienced the last two years is spreading to the front office. Awful, just god awful Kenny…

Posted by cainer4wingsglory on 07/01/11 at 12:40 AM ET

cainer4wingsglory's avatar

It appears as though KH has summoned his inner Glenn Sather….

Posted by cainer4wingsglory on 07/01/11 at 12:44 AM ET

Jeff  OKWingnut's avatar

Frigging absurd.

Posted by Jeff OKWingnut from Quest for 12 on 07/01/11 at 12:44 AM ET

Red Winger's avatar

For the first time as a Red Wings fan under the tutelage of Tick Tock’s reign, I question his sanity.

Posted by Red Winger from Sault Ste Marie on 07/01/11 at 12:44 AM ET

HockeytownOverhaul's avatar

So we ask guys like lidstrom.. z.. pav.. Franzen to all take hometown discounts for treating them right and developing them.. but ericsson who no one wanted who we took with the last pick and gave every opportunity in the minors and continue to.. what’s he give the wings? Deadline contract talks to squeeze every cent he could out of the illitches.. wtf is goin on.

Posted by HockeytownOverhaul on 07/01/11 at 12:46 AM ET

cainer4wingsglory's avatar

That Brent Burns trade is looking pretty good right about now. King’s Ransom or not…

Posted by cainer4wingsglory on 07/01/11 at 12:48 AM ET

HockeytownOverhaul's avatar

Oh yeah.. and what does this do for kronwalls contract talks? Didn’t I hear some bs about salary structure? This just blew it up

Posted by HockeytownOverhaul on 07/01/11 at 12:52 AM ET

awould's avatar

*#$%@& Ericsson. What a waste. Sign and trade pleeeeze. Package him with Hudler and demand nothing less than a couple of 3rd round draft picks!!!!

Seriously, how did Ericsson get over on Holland so badly? Terrible signing.

Posted by awould on 07/01/11 at 12:54 AM ET

cainer4wingsglory's avatar

I’m willing to give KH a mulligan on this one as long as he makes good tomorrow….

Posted by cainer4wingsglory on 07/01/11 at 12:59 AM ET

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This is ridiculous. I understand Kenny’s position, but boy am I pissed at Ericsson- He was barely passable this year , and tragic last and the year before. He better stand on his head next year or we’ll have it on a platter. Little shxx.

Posted by Juice from LA on 07/01/11 at 01:06 AM ET

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Okay, everyone, if Wisniewski is available tomorrow, and you’re the GM, how much is your starting offer to him? Would he take, say 4 years at 16 million?

Posted by bugsy on 07/01/11 at 01:07 AM ET

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Would he take, say 4 years at 16 million?

What self-respecting ACTUAL top-four defenseman is going to take $4M a year from Ken Holland after seeing what he game Ericsson?

Seriously…

Posted by Garth on 07/01/11 at 01:08 AM ET

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Okay Garth, I’ll stop dreaming, but what would you offer him? You saw what Ehrloff got as well. Would you go after him? Would you rent 30 something defensemen for a year?

Posted by Bugsy on 07/01/11 at 01:11 AM ET

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Wow, just imagine what the Wings could have if they didn’t have $6M+ tied up in Hudler and Ericsson.  Enough to make you sick…

Posted by Garth on 07/01/11 at 01:12 AM ET

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Would you rent 30 something defensemen for a year?

I would’ve offered Wisniewski around what you said, giving him a couple years, and I would tell Ericsson to go take a walk and offered Cam Barker a cheap one-year contract.

Posted by Garth on 07/01/11 at 01:14 AM ET

MoreShoot's avatar

Maybe it’s Kenny’s evil plot to pump up Wisniewski’s price to Columbus. I dont know. But I’m done fretting about it. E will be fine.

Posted by MoreShoot on 07/01/11 at 01:14 AM ET

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I am distraught over this…. you suck ericcson. What kind of info did he have on holland to blackmail him into this insane contract?

Posted by AJ from Detroit on 07/01/11 at 01:16 AM ET

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Maybe it’s Kenny’s evil plot to pump up Wisniewski’s price to Columbus.

Pretty dumb plot, they still get better while Detroit stagnates.

Posted by Garth on 07/01/11 at 01:19 AM ET

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Whatever. Kenny’s got a lot more knowledge about the landscape than i do - so i’ll just shrug and hope the gamble pays off. What the hell ya gonna do, in the middle of a ‘hockey salary bubble’? Throw up in the back of your throat a little, get the deal done, move on.

Don’t blame the front office. Blame Gary. Ass.

Posted by Jmac on 07/01/11 at 01:19 AM ET

Nate A's avatar

Ouch. I have few reasons to doubt KH up to this point, but I am not thrilled right now. A year from now I’ll re-evaluate, and hopefully have more positive feelings.

Butt-hole had better live up to his shiny new contract..

Posted by Nate A from Detroit-ish on 07/01/11 at 01:20 AM ET

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Blame Gary. Ass.

Bullshit.  Gary didn’t make him overpay for a useless defenseman…

Posted by Garth on 07/01/11 at 01:22 AM ET

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As Garth suggested, he’s referring to Cam Barker on waivers from the Wild, as they try to get some of their $3M+ back on a young defenseman who had his struggles this year:

http://www.startribune.com/sports/blogs/124655749.html

Posted by Bugsy on 07/01/11 at 01:27 AM ET

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You’re right, Garth - the conditions of the CBA have nothing at all to do with the deals and salaries we’re seeing this year.

Look, holland has NEVER been perfect. I think its too much too, but dont care that much. I wouldnt have signed hudler, nor modano - i wouldnt even have given franzen the deal he got. But i wont lose sleep over it, either way.

Posted by Jmac on 07/01/11 at 01:28 AM ET

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You’re right, Garth - the conditions of the CBA have nothing at all to do with the deals and salaries we’re seeing this year.

Show me the part of the CBA that says you have to nearly quadruple the cap hit of your unproven 6th defenseman who’s a turnover machine and has no idea how to use his gargantuan size.

I’d love to see that, please.

The only deal this has any relation to is the Kopecky deal, in that it’s a terrible overpayment for utter mediocrity.  If Ericsson used the Kopecky deal as a bargaining chip then he should’ve been laughed out of the room.

There’s ONE person who deserves blame, and it’s the guy who’s been trying for the last week and a half to sign a washed-up prima donna.

Or is it Bettman’s fault that Holland is trying to land Jagr too?

Posted by Garth on 07/01/11 at 01:33 AM ET

J.J. from Kansas's avatar

When Kronwall contract is up after next season he’ll say I’m worth twice as much as Ericsson so pay me 6.5M per season.

Kronwall is going to be worth $6.5M next season.

Posted by J.J. from Kansas on 07/01/11 at 01:38 AM ET

The Meal's avatar

Good deal.  At age 27 E is still two years from the typical blueliner peak, and given the team situation I’m glad that we don’t have to fill two holes in this 2011 off-season environment.  This would seem to be an overpayment vs. the $57M salcap, but probably (regrettably) appropriate for the $64M salcap.  Hopefully the d-man to be named July 1st is a top 2 kinda guy (preferably young).  I’ve never been much of a Kaberle fan, but the thought of him filling the Rafi role is becoming more intriguing.  He will never be our top guy (may #5 never retire), but he could be the top PPQB.  That said, the Wis would still be my #1 choice, were he to be available.

Posted by The Meal on 07/01/11 at 01:38 AM ET

Chris in A^2's avatar

Holland was right to sign Datsyuk for 6.7 million per year
Holland was right to sign Kronwall for 3million per year
I’ll trust his judement on this. 

We still have enough cap to sign anyone in the free agency and if something magical falls out of the sky and we need to dump even more cap to take on a star player, Hudler and Ericsson don’t have NTCs or NMCs and are on short contracts

Posted by Chris in A^2 from Nyquist Puck Control on 07/01/11 at 01:40 AM ET

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One last comment: TSN’s list of free agents by Scott Cullen with one sentence summary opinions (Ian White is 27, but was a $3M cap hit last year):

http://www.tsn.ca/blogs/scott_cullen/?id=370493

Posted by Bugsy on 07/01/11 at 01:40 AM ET

J.J. from Kansas's avatar

Let’s be constructive.

What are the numbers that you expect to see from Ericsson for a $3.25M cap hit?

TOI/G
PPTOI
PKTOI
G
A
PIM
+/-

I want to see some of these standards.

Posted by J.J. from Kansas on 07/01/11 at 01:41 AM ET

Michiru Kaioh's avatar

About Kaberle being a top power play quarterback. I really think this kinda stands on it’s own, but Boston’s power play vs. Montreal in round one of the playoffs:

-1 / 26

Boston got outscored on their own power play. Kaberle should be an absolute no. He’ll probably command more money than even the big Error and actually be a worse player.

Posted by Michiru Kaioh on 07/01/11 at 01:44 AM ET

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“If we were going to overpay for a d-man anyway, why not spend the money on someone who has shown they can contribute at the NHL level?”

Took the words right out of my mouth. I’m furious with this. I know the market is thin, and so prices are high, but to pay him more than Kronwall and Stuary is absolutely absurd. Wings brass have preached about his upside, but WE HAVEN’T WITNESSED IT. We had a glimpse in the 09 playoffs and since then, nothing.

What if (god forbid) Jagr decides to sign with us? There goes 2.5 mil for another giant question mark. F*CK

Posted by DrewBehr from Holland, MI on 07/01/11 at 01:48 AM ET

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The Malik Report is a destination for all things Red Wings-related. I offer biased, perhaps unprofessional-at-times and verbose coverage of my favorite team, their prospects and developmental affiliates. I've joined the Kukla's Korner family with five years of blogging under my belt, and I hope you'll find almost everything you need to follow your Red Wings at a place where all opinions are created equal and we're all friends, talking about hockey and the team we love to follow.