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Kesler Re-Signs 6-Year, $30M Deal ($5M CAP HIT, NTC after second year)
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03-19-2010, 06:48 PM
Join Date: Dec 2002
Location: Kitimat, BC
I'm not sure where this he "didn't take a paycut" business is coming from. He was asking $5.5, he settled on $5. That's a $500k per season cut, or $3m over the course of the contract as another user pointed out.
Saying, as he did, that everyone needs to take paycuts doesn't mean any 1 person is a sacrificial lamb that leaves multiple millions per year on the table. It is exactly this: the Sedins, Luongo, Burrows and now Kesler leaving a bit left on the table. (The Twins left $400K per year each, Luongo dropped his cap hit by more than a million per season, no one knows what Burrows' asking price was but you can bet he left something on the table, and now Kesler has left $500k on the table per season).
Every member of the core of this team has bought in to this philosophy and everyone has taken a slight dip in pay(again, I think the word discount gives people images of multiple millions) to leave some extra cap space.
Pretend the Twins had insisted on $6.5, that Lui doesn't drop his cap hit from $6.75 to $5.33, that Kesler insists on $5.5 instead of $5. By them all dropping their salaries, they have created $2.72m in cap space that just would not be there if they had stuck to their guns. That's pretty big.
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