: Confirmed with Link:
Kesler Re-Signs 6-Year, $30M Deal ($5M CAP HIT, NTC after second year)
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03-20-2010, 12:55 PM
Join Date: Mar 2010
Originally Posted by
As reported by Cam Cole, here is what Gillis had to say about Kesler's players need to take pay cuts to make the team a Stanley Cup winner comments one year ago:
The way I see it Wet, and I'm one of the few at CDC that misses your insight, Kesler didn't take anything but market value if it were only a 2-year deal.
His value was set by the RFA offersheet compensation chart:
$994,433 or below None
Over $994,433 to $1,506,716 Third-round choice
Over $1,506,716 to $3,013,434 Second-round choice
Over $3,013,434 to $4,520,150 First-round and third-round choice
Over $4,520,150 to $6,026,867 First-round, second-round and third-round choice
Over $6,026,867 to $7,533,584 Two first-round choices, one second- and one third-round choice
Over $7,533,584 Four first-round choices
Using the $4.5m 1st & 3rd compensation as being ridiculously under Kesler's value to any team, a hometeam discount would have been a 2-year/$9m deal (arbitration would have awarded him $5.5m using Ribeiro as a less complete player) after which point he would have likely garnered at least a 4-year/$26m+ deal as an UFA given the offensive powerhouse he plays on. So, if you do the math, it was a discount when you consider Kesler could have made $35m over 6yrs instead of the $30m he'll be getting as of now.
Just a few nuggets to consider:
The Sedins, at age 25, put up 70pt seasons as 2nd liners and re-signed for $3.575m under a $44m cap, or 8.125% of the team's cap. In today's $56.8m cap, that's a $4.615m salary. Keep in mind the Sedins were solid two-way performers but neither one was nominated for the Selke nor do they possess Kesler's speed.
Mike Fisher signed a 5-year/$21m extension just prior to the $50.3m cap season in 2007/2008, or 8.35% of the salary cap. In today's $56.8m cap, that translates to a $4.75m salary and Kesler's $5m is only marginally higher.
This salary will once again look great by year three just like his last 3 years looked like a steal at $1.75m.
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