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-   -   Confirmed Signing with Link: Hurricanes Sign Welsh 2 year 2 way deal (http://hfboards.hockeysfuture.com/showthread.php?t=1258633)

Lethargic 09-11-2012 04:24 PM

Hurricanes Sign Welsh 2 year 2 way deal
 
http://hurricanes.nhl.com/club/news.htm?id=641144

RALEIGH, NC – Jim Rutherford, President and General Manager of the National Hockey League’s Carolina Hurricanes, today announced that the team has signed forward Jeremy Welsh on a two-year contract. In 2012-13, the deal will pay Welsh $700,000 at the NHL level or $105,000 at the minor-league level. In 2013-14, Welsh will receive $1 million.



JEREMY WELSH
COLLEGE STATS - UNION
GOALS: 53 | ASST: 47 | PTS: 100
GAMES: 119
“Jeremy is a player we think very highly of,” said Rutherford. “He is a big man that can play center or left wing, and has really good hockey sense.”

Lethargic 09-11-2012 04:27 PM

1st Year 2 Way, 700k NHL, 105k AHL
2nd Year 1 Way, 1m NHL

caley 09-11-2012 04:28 PM

$850,000 cap hit? What a pay cut from last year's $17,945,000!!

DaveG 09-11-2012 04:32 PM

Well, guess we know one agent that's about to get canned :sarcasm:

caley 09-11-2012 04:48 PM

For those in the dark about the $17 mil. cap hit.

Quote:

IS JEREMY WELSH'S CAP HIT A TYPO?

Short answer, no. Jeremy Welsh's cap hit for 2011-12 is technically $17,945,000, the highest in NHL history. The long answer follows.
When a one-year contract containing bonuses is signed after the season has started, and is effective for the then-current season, the standard cap-hit formula is adjusted to the following:
[ ( base salary * days remaining in season / days in season ) + total signing and performance bonuses ] * days in season / days remaining in season
Examples of this in the past are entry-level contracts for Welsh with Carolina and Jesse Winchester with Ottawa in 2007-08 and Mats Sundin's one-year deal with Vancouver in 2008-09.
JEREMY WELSH
Base: $832,500
Signing bonus: $92,500
Performance bonus: $0
Signed on: April 7, 2012
Days in season: 185
Days remaining: 1

[ ( $832,500 * 1 / 185 ) + $92,500 ] * 185 / 1 = $17,945,000
** NOTE: Welsh's cap hit of $17,945,000 is compliant with Section 50.6 (a) of the CBA — the "20 per cent rule" — because his actual cap charge could not exceed $97,000 based on the date he signed.
JESSE WINCHESTER
Base: $762,500
Signing bonus: $87,500
Performance bonus: $25,000
Signed on: March 24, 2008
Days in season: 187
Days remaining: 13

[ ( $762,500 * 13 / 187 ) + $112,500 ] * 187 / 13 = $2,380,769
MATS SUNDIN
Base: $1,626,500
Signing bonus: $4,000,000
Performance bonus: $0
Signed on: Dec. 19, 2008
Days in season: 186
Days remaining: 113

[ ( $1,626,500 * 113 / 186 ) + $4,000,000 ] * 186 / 113 = $8,210,570
If the player is signing a multi-year contract under the same scenario, nothing changes in the calculation of the player's cap hit. Examples of this are Justin Abdelkader's entry-level deal with Detroit in 2007-08 and Antti Miettinen's deal with Tampa Bay in 2011-12.
Poor Capgeek, if you follow him on Twitter, has been answering questions about this all summer long: "Uh, dude, I think you made a mistake. Welsh is listed at $17 mil! LOL" followed by "No, it's not a typo." I feel for the poor guy.

Izzy 09-11-2012 05:25 PM

Little bit downgraded

GoodKiwi 09-11-2012 05:26 PM

Quote:

Originally Posted by caley (Post 54250383)
$850,000 cap hit? What a pay cut from last year's $17,945,000!!

He's a true team player! :help:

Hans Moleman 09-11-2012 05:29 PM

Yea, you could probably sign everyone in Wales for 17 mil.

Lethargic 09-11-2012 05:42 PM

Quote:

Originally Posted by Hans Moleman (Post 54251523)
Yea, you could probably sign everyone in Wales for 17 mil.

I LOL'd:laugh:

Rivet52 09-11-2012 06:22 PM

Canes fans, what's up with this guy? I don't know too much about him. Where do you see him starting the year? Carolina or Charlotte? Also, what's the scouting report on him?

Boom Boom Anton 09-11-2012 09:17 PM

Quote:

Originally Posted by Rivet52 (Post 54252621)
Canes fans, what's up with this guy? I don't know too much about him. Where do you see him starting the year? Carolina or Charlotte? Also, what's the scouting report on him?

We don't know a ton about him as he played only 1 game last season. I watched him in the rookie camp a couple of times. Canes brass were really hoping he could grab a 3rd line Center spot, or at least a winger. He's a big body who has a bit of skill and isn't afraid to use his body. I wasn't overly impressed with his skating and his skill doesn't look high end, but I think he can be a solid 3rd liner with some physical play and a bit of scoring touch. (note: based on very little viewing of the guy so just my general observations).

caley 09-11-2012 10:06 PM

Quote:

Originally Posted by Rivet52 (Post 54252621)
Carolina or Charlotte?

Judging by his contract, he'll likely start in the AHL this year and become a regular next year, as the deal is 2-way this and 1-way next.

Lethargic 09-11-2012 10:48 PM

Quote:

Originally Posted by caley (Post 54258077)
Judging by his contract, he'll likely start in the AHL this year and become a regular next year, as the deal is 2-way this and 1-way next.

He has been penciled in as the 3rd line center for awhile.

DaveG 09-11-2012 11:08 PM

Quote:

Originally Posted by Rivet52 (Post 54252621)
Canes fans, what's up with this guy? I don't know too much about him. Where do you see him starting the year? Carolina or Charlotte? Also, what's the scouting report on him?

He'll be fighting it out with Dalpe, Riley Nash, Boychuk, Victor Rask, and anyone that might surprise in camp for a top 9 forward spot to start the season next year. Hence the two-way deal for all of them.

Scouting report is that he's basically a prototypical power forward prospect. Good goal scoring, loves to use his 6'3/210 frame, decent on the draw, and is reportedly a pretty good two-way forward. I think he projects better on the wing, but they'll play him at center to start most likely.

tarheelhockey 09-12-2012 12:36 AM

Quote:

Originally Posted by Misfit Semin (Post 54258949)
He has been penciled in as the 3rd line center for awhile.

* by people who pencil prospects into the top-9 after one game

chickenla 09-12-2012 01:25 AM

Quote:

Originally Posted by GoodKiwi (Post 54251495)
He's a true team player! :help:

and yet i thought he was just one of those greedy players in the PA?


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