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Details on Burke's Contract

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02-04-2004, 07:38 PM
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hbk
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Details on Burke's Contract

Sean Burke, 37, Phoenix Coyotes (10-15-5, 2.81, .908): The veteran netminder has a current base salary of $4.5M with a player and team option for next season. Burke can exercise his option (which is very likely) at $4.25M or the team can exercise its option at $4.75M (which is very unlikely). Burke and the club have to exchange sealed envelops before June 30 to notify one another of their intentions. If both parties were to exercise their options, Burke's base salary would remain at $4.5M. He also has significant individual bonuses that could yield more than $500,000 in additional income. At this point, the Coyotes probably won't be able to get much in return for Burke and even may have to eat some money to move him.

taken from ESPN.

I can now understand why Teppo wanted to be traded. Imagine opening up an envelope to find out your services were no longer wanted. It may not have been a surprise but certainly this could be done verbally.

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02-04-2004, 08:37 PM
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scoob4093
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Quote:
Originally Posted by hbk
Sean Burke, 37, Phoenix Coyotes (10-15-5, 2.81, .908): The veteran netminder has a current base salary of $4.5M with a player and team option for next season. Burke can exercise his option (which is very likely) at $4.25M or the team can exercise its option at $4.75M (which is very unlikely). Burke and the club have to exchange sealed envelops before June 30 to notify one another of their intentions. If both parties were to exercise their options, Burke's base salary would remain at $4.5M. He also has significant individual bonuses that could yield more than $500,000 in additional income. At this point, the Coyotes probably won't be able to get much in return for Burke and even may have to eat some money to move him.

taken from ESPN.

I can now understand why Teppo wanted to be traded. Imagine opening up an envelope to find out your services were no longer wanted. It may not have been a surprise but certainly this could be done verbally.
It's fair to say that there are varied opinions here on what his trade value is. Based on his contract, his age and the impending lockout how can they come close to getting anywhere near market value for him ?

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02-04-2004, 09:58 PM
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hbk
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Quote:
Originally Posted by scoob4093
It's fair to say that there are varied opinions here on what his trade value is. Based on his contract, his age and the impending lockout how can they come close to getting anywhere near market value for him ?

they won't. Phoenix would be asking for a top six forward from their current roster and draft picks in return if they were demanding true market value.

but he's cheaper and less expensive than most of the other options that are worth exploring.

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