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Pittsburgh signs Kris Letang to extension (8 years, $7.25M per)

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Old
06-30-2013, 10:03 AM
  #1
CBJWennberg10
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Pittsburgh signs Kris Letang to extension (8 years, $7.25M per)

Renaud Lavoie ‏@RenLavoieRDS 1m

Le contrat de Kristopher Letang. 8 and / 58 millions (#58!) 7.25 moy/année. Clause de non-échange. Son choix de 15 équipes.

https://twitter.com/RenLavoieRDS/sta...55125098487808


Last edited by caley: 07-02-2013 at 04:49 PM.
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Old
06-30-2013, 10:03 AM
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Shrimper
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Good deal for us! Pleased with that.

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Old
06-30-2013, 10:03 AM
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MarleauApologist
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Shocking.

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Old
06-30-2013, 10:04 AM
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MrFunnyWobbl
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And...

An end to the speculation.

What's their cap situation like?

What does fleury make?

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Old
06-30-2013, 10:04 AM
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K2B
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Sign and trade

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06-30-2013, 10:04 AM
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gdsmack267
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Solid deal for both sides. I guarantee you this deal will look fair in a few years when Karlsson signs for 9 million. This new CBA is going to raise cap hits compared to old deals.

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06-30-2013, 10:04 AM
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Garbs
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Well that was anti-climatic.

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06-30-2013, 10:04 AM
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there goes some of the draft excitement

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06-30-2013, 10:04 AM
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TrillMike
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Quote:
Originally Posted by CBJBrassard16 View Post
Renaud Lavoie ‏@RenLavoieRDS 1m

Le contrat de Kristopher Letang. 8 and / 58 millions (#58!) 7.25 moy/année. Clause de non-échange. Son choix de 15 équipes.

https://twitter.com/RenLavoieRDS/sta...55125098487808
I thought he turned that exact offer down a few days ago.

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06-30-2013, 10:04 AM
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Beauner
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Not bad at all. Overpayment by 250,000 but in the grand scheme not a huge deal.

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06-30-2013, 10:04 AM
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sirdigby
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Huge news. That's a lot of money tied up in a handful of players.

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06-30-2013, 10:04 AM
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Leo W
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Congrats Pittsburgh.

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Old
06-30-2013, 10:05 AM
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Shrimper
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Quote:
Originally Posted by MrFunnyWobbl View Post
And...

An end to the speculation.

What's their cap situation like?

What does fleury make?
He's on for $3.5m this year and then by the time this increase comes in the cap will likely be up nearer $70m and the increase will cancel out the rise.

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06-30-2013, 10:05 AM
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spizzle420
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he got an extra 250k/year? fair enough

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06-30-2013, 10:05 AM
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Ched Brosky
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I thought he turned that exact offer down a few days ago.
I thought the offer was 8 x 56 and they countered with 8 x 58-60

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06-30-2013, 10:06 AM
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Pierre Dagenais
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Quote:
Originally Posted by Trillmike View Post
I thought he turned that exact offer down a few days ago.
I believe he turned down 8 years/56 million.

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06-30-2013, 10:06 AM
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English version

Renaud Lavoie ‏@RenLavoieRDS 1m

Kris Letang contract with Penguins. 8 years / 58 M (#58!) 7.25 AVV Limited no trade to 15 teams. #RDS

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Old
06-30-2013, 10:06 AM
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Quote:
Originally Posted by Trillmike View Post
I thought he turned that exact offer down a few days ago.
Looks like a No Trade Clause was added though.

Then again, I don't know French.

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06-30-2013, 10:06 AM
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Alklha
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Quote:
Originally Posted by Shrimper View Post
He's on for $3.5m this year and then by the time this increase comes in the cap will likely be up nearer $70m and the increase will cancel out the rise.
Cap projects to be around $65m-$66m in 2014/15. Should be higher is the Coyotes move this summer.

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Old
06-30-2013, 10:06 AM
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Good deal for us! Pleased with that.
I thought you said over 5mil is drastic overpayment for him just a few days ago?

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Old
06-30-2013, 10:06 AM
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Schenn
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Well that ends that...

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06-30-2013, 10:06 AM
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Arkansas Shark
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Well that escalated quickly. Good deal for both sides.

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Old
06-30-2013, 10:06 AM
  #23
MrFunnyWobbl
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Quote:
Originally Posted by Shrimper View Post
He's on for $3.5m this year and then by the time this increase comes in the cap will likely be up nearer $70m and the increase will cancel out the rise.
Wow, solid deal. How much room left for Neal/Iginla etc?

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Old
06-30-2013, 10:06 AM
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7even
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Great for Pittsburgh but dat cap situation. Shero's going to have to be smart with the rest of his dollars.

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Old
06-30-2013, 10:06 AM
  #25
DKQ
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I don't believe the signing is confirmed, his previous tweet a few minutes before this said they were "close to an agreement"

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