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Mikko Koivu Gets A Long Extension With The Wild

from Glen Andersen of Wild.com,

On Thursday, the Wild inked the 2001 first round pick to a seven-year extension, meaning Koivu will be a member of the Wild through the 2017-2018 campaign when he’s 34 years old.

“It’s a milestone day in the history of the Minnesota Wild,” said Fletcher minutes after seeing the signed deal on his desk. “When you have your franchise player commit to you, really for the next eight seasons. He’s our best hockey player. He’s our captain. And he’s still just 27 with his best hockey years ahead of him.”

read on

added 5:56pm, via Michael Russo tweet,

Sources: Koivu’s deal is 7 years, $47.25 million. $6.75 AAV, no-trade, 5 signing bonuses throughout. Richest deal in #mnwild history

Filed in: NHL Teams, Minnesota Wild, | KK Hockey | Permalink
  Tags: mikko+koivu


Primis's avatar

I like Mikko and all but, almost $7m/yr is just absolutely ludicrous, and demonstrates that the Wild won’t be improving any time soon.

Mikko is a $4m/yr player, on a pretty poor team.  Just because the Wild suck doesn’t mean Mikko is magically worth more….

Posted by Primis on 07/15/10 at 09:10 PM ET

Nathan's avatar

Wow… mostly agree with Primis. I guess I could see anything up to $5.5 million/year as being “reasonable.”

But let’s compare him to players with a comparable cap hit:

Can anyone honestly say Koivu is as good of a forward as these guys? Sure, his D might be better than Spezza, Briere, or Kane, but his offensive upside is far more limited. And the rest of the players on that list are defensively strong, like Koivu, with better offensive skills.

Posted by Nathan from wasting perfect passes from my teammates on 07/16/10 at 10:11 AM ET

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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.

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