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-   -   Confirmed with Link: Dallas Stars sign Radek Faksa to an Entry Level Contract (http://hfboards.hockeysfuture.com/showthread.php?t=1225705)

BigG44 07-06-2012 11:18 AM

Dallas Stars sign Radek Faksa to an Entry Level Contract
 
per Mark Stepneski Twitter.

This is the fastest Dallas has signed a draft pick to an ELC as far as I know, and he's the first draft pick to sign an ELC this season.

I hope they gave him a big games played bonus and allow him to collect it this year.

piqued 07-06-2012 11:25 AM

Always good to get these things done ASAP. Almost shockingly quickly with this though.

usefulfiction 07-06-2012 11:30 AM

wish we could play him in Texas this season.

Faidh ar Rud Eigin 07-06-2012 11:36 AM

Quote:

Originally Posted by usefulfiction (Post 52216281)
wish we could play him in Texas this season.

Why? So he offensive game can get stunted like Guillaume Latendresse or Josh Bailey? The AHL doesn't help first round picks like Faksa.

Fly Like a C5 07-06-2012 11:39 AM

Quote:

Originally Posted by piqued (Post 52216039)
Always good to get these things done ASAP. Almost shockingly quickly with this though.

It's nice to have an owner and money.

BigG44 07-06-2012 11:43 AM

Quote:

Originally Posted by Prophet of Glennie (Post 52216533)
Why? So he offensive game can get stunted like Guillaume Latendresse or Josh Bailey? The AHL doesn't help first round picks like Faksa.

Those are two pretty terrible examples. Latendresse has never played a single game in the AHL, and Bailey only played 11 in his 3rd pro season.

If they could have played in the AHL their first two years rather than being over matched in the NHL that probably would have been a good thing.

I agree that Faksa should go back to the OHL, and better examples for your point would be Jeremy Morin (after a single season in OHL) and Jordan Schroeder (same year he was drafted) who both jumped early to the AHL because they were not drafted out of the CHL. They still haven't made the transition to the NHL yet.

Primetimey 07-06-2012 11:45 AM

Very nice to see this congrats to Radek.

To the comment above, Radek can't play in the AHL this season.

BigG44 07-06-2012 11:47 AM

Quote:

Originally Posted by Primetimey (Post 52217009)
Very nice to see this congrats to Radek.

To the comment above, Radek can't play in the AHL this season.

I know that. I was only addressing the example Prophet used saying the AHL is not a good development league.

Faidh ar Rud Eigin 07-06-2012 11:47 AM

Quote:

Originally Posted by BigG44 (Post 52216933)
Those are two pretty terrible examples. Latendresse has never played a single game in the AHL, and Bailey only played 11 in his 3rd pro season.

If they could have played in the AHL their first two years rather than being over matched in the NHL that probably would have been a good thing.

I agree that Faksa should go back to the OHL, and better examples for your point would be Jeremy Morin (after a single season in OHL) and Jordan Schroeder (same year he was drafted) who both jumped early to the AHL because they were not drafted out of the CHL. They still haven't made the transition to the NHL yet.

That's not the point. They were both rushed into the pro's and their offensive game was stunted. Doesn't matter if it's the AHL or NHL. That's what I was getting at.

Dallasman 07-06-2012 11:51 AM

Quote:

Originally Posted by Prophet of Glennie (Post 52217149)
That's not the point. They were both rushed into the pro's and their offensive game was stunted. Doesn't matter if it's the AHL or NHL. That's what I was getting at.

Still poor examples, which is the usual for you on here.

BigG44 07-06-2012 11:54 AM

Quote:

Originally Posted by Prophet of Glennie (Post 52217149)
That's not the point. They were both rushed into the pro's and their offensive game was stunted. Doesn't matter if it's the AHL or NHL. That's what I was getting at.

I disagree. They are two different leagues with entirely different talent levels. In this case, even if Faksa was eligible I think the OHL for at least one more year is better, but that is clearly not universally true. It's may not have been true for Bailey or Latendresse either.

StarsFan74 07-06-2012 12:01 PM

So, by signing him this fast, aren't we losing one year of his ELC, since he isn't going to play in the AHL- something that arguably is not very popular amongst fans here?

BigG44 07-06-2012 12:01 PM

I did think of another good example for reasons to not rush a guy to the AHL: Tomas Tatar. He was drafted by Detroit and immediately sent to the AHL. With 3 full seasons in the AHL he's only played 9 NHL games, and he's not exactly tearing up the AHL offensively.

BigG44 07-06-2012 12:02 PM

Quote:

Originally Posted by StarsFan74 (Post 52217865)
So, by signing him this fast, aren't we losing one year of his ELC, since he isn't going to play in the AHL- something that arguably is not very popular amongst fans here?

No. Players who are 18 years old will have their contract slide 2 years as long as they don't play more than 9 NHL games in either season.

He's not eligible to play in the AHL until 2014-15 because he was drafted out of the CHL.

StarsFan74 07-06-2012 12:06 PM

Quote:

Originally Posted by BigG44 (Post 52217945)
No. Players who are 18 years old will have their contract slide 2 years as long as they don't play more than 9 NHL games in either season.

He's not eligible to play in the AHL until 2014-15 because he was drafted out of the CHL.

Of course :laugh:.

There's something I never bothered to learn.

BigG44 07-06-2012 12:06 PM

To explain this a bit better, Faksa will receive his $92,500 signing bonus immediately. At the end of the season, his contract will slide one year as long as he didn't play more than 9 NHL games. This means that technically Year 1 of his contract is now the 2013-14 season, but he loses the Year 1 signing bonus (off the contract ... he doesn't return the money).

In 2013-14, he is paid the Year 2 signing bonus .. again likely $92,500. At the end of the season if he hasn't played more than 9 NHL games, his contract slides an additional year. The 2014-15 season now becomes the official year 1 of his ELC, but again he loses the Year 2 signing bonus.

Now his ELC will carry him 3 years until the end of 2016-17, but he'll only get paid one more bonus in 2014-15.

BigG44 07-06-2012 12:14 PM

StarsFan74,

This is just an FYI, but the games played bonus I was talking about earlier is a form of salary.

With an ELC ... salary literally means the actually NHL salary + signing bonus + games played bonuses. Most 1st round draft picks get max salary and max signing bonus with no games played bonus. The max total salary right now is $925K, and the max signing bonus is 10% of that. Therefore, a standard ELC to a 1st round pick pays a signing bonus of $92,500 and a NHL salary of $832,500.

Since the league minimum on a contract right now is $525,000, you could give a player that as their NHL salary, a max signing bonus of $92,500, and then any number of games played bonuses up to a total of $307,500. In that past, Dallas might give a guy 4 games played bonuses paying $10,000 each for 10, 20, 40, and 60 games played.

With an undrafted free agent, a common practice you'll see is giving a guy a max 1 game played bonus of around $307,500, and then give him a verbal guarantee you'll give him the opportunity to collect.

StarsFan74 07-06-2012 12:21 PM

Quote:

Originally Posted by BigG44 (Post 52218621)
StarsFan74,

This is just an FYI, but the games played bonus I was talking about earlier is a form of salary.

With an ELC ... salary literally means the actually NHL salary + signing bonus + games played bonuses. Most 1st round draft picks get max salary and max signing bonus with no games played bonus. The max total salary right now is $925K, and the max signing bonus is 10% of that. Therefore, a standard ELC to a 1st round pick pays a signing bonus of $92,500 and a NHL salary of $832,500.

Since the league minimum on a contract right now is $525,000, you could give a player that as their NHL salary, a max signing bonus of $92,500, and then any number of games played bonuses up to a total of $307,500. In that past, Dallas might give a guy 4 games played bonuses paying $10,000 each for 10, 20, 40, and 60 games played.

With an undrafted free agent, a common practice you'll see is giving a guy a max 1 game played bonus of around $307,500, and then give him a verbal guarantee you'll give him the opportunity to collect.

Thanks.

Frozen Failure 07-06-2012 12:21 PM

He will get his nine games and be sent down to Kitchener, and Eakin will get called up. Both will play 3c.

BigG44 07-06-2012 12:25 PM

Jamie Oleksiak, the 14th overall pick in 2011, received max salary and signing bonus from Dallas. They also gave him some A bonuses. In his first season, he can earn $212,500 which is 1/4 of the max on A bonuses. His A bonus increase to $575,000 and $637,500 the final 2 years. The max A bonus is $850,000.

Jack Campbell, the 11th overall pick in 2010, also received max salary and signing bonus. He received $600,000 in A bonuses across the board.

I would assume Faksa gets a similar contract, his cap hit will likely be between $1.4 million and $1.775 million.

StarsFan74 07-06-2012 12:26 PM

Quote:

Originally Posted by BigG44 (Post 52218121)
To explain this a bit better, Faksa will receive his $92,500 signing bonus immediately. At the end of the season, his contract will slide one year as long as he didn't play more than 9 NHL games. This means that technically Year 1 of his contract is now the 2013-14 season, [B]but he loses the Year 1 signing bonus (off the contract ... he doesn't return the money).

In 2013-14, he is paid the Year 2 signing bonus .. again likely $92,500. At the end of the season if he hasn't played more than 9 NHL games, his contract slides an additional year. The 2014-15 season now becomes the official year 1 of his ELC, but again he loses the Year 2 signing bonus.

Now his ELC will carry him 3 years until the end of 2016-17, but he'll only get paid one more bonus in 2014-15.

So, does he start collecting his salary (the part besides the signing bonus and games played bonus) only when he actually plays >9 games in the NHL?

BigG44 07-06-2012 12:34 PM

Quote:

Originally Posted by StarsFan74 (Post 52219305)
So, does he start collecting his salary (the part besides the signing bonus and games played bonus) only when he actually plays >9 games in the NHL?

Salary in the NHL is paid on a daily scale. Last year there were 185 days in the season. So let's just assume that will be a similar number this year.

Therefore, Faksa's daily rate would be $4,500 (1/185 of $832,500).

The regular season starts on October 11th. The Stars play their 9th game of the season on October 30th. If they assigned him to the OHL the next day, he'd earn 20 days or $90,000. He would have already received his signing bonus of $92,500 as well. If Dallas wanted they could have also written in a games played bonus for him to earn $0 to $307,500 as well.

He'd earn anywhere from $182,500 to $490,000 for just under a month in the NHL.

BigG44 07-06-2012 12:37 PM

Personally, I think it would be a nice gesture from the Stars to write in that games played bonus. The kid has sacrificed a ton to get to this point, and that money would go a long way for his his efforts and to help his family.

The downside is his contract will likely slide. That means Dallas would have to be prepared to commit that money, nearly $500K, to him the following two season as well. The final 2 years of the ELC wouldn't have to need a games played bonus written in.

Frozen Failure 07-06-2012 12:53 PM

Faksa would make as much per day as I make per month... I'm obviously in the wrong profession over here... perspective.

Bench 07-06-2012 01:37 PM

Quote:

Originally Posted by Frozen Failure (Post 52220801)
Faksa would make as much per day as I make per month... I'm obviously in the wrong profession over here... perspective.

Screw that. If you really want your payday, learn how to hit a baseball.

You're allowed to keep your beer gut and everything.

http://ww1.hdnux.com/photos/14/03/45.../3/628x471.jpg


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