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Oilers sign Draisaitl to ELC

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Old
08-12-2014, 11:15 AM
  #1
Dabomb
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Oilers sign Draisaitl to ELC

https://twitter.com/EdmontonOilers/s...23796600274945

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08-12-2014, 11:18 AM
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BoldNewLettuce
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08-12-2014, 11:22 AM
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The Last Dynasty
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odd timing but the simplest contract he'll ever do

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08-12-2014, 11:33 AM
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Too much money too much term!!!!

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08-12-2014, 11:35 AM
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Jimmi Jenkins
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Great news, clearly it was going to get done. I wonder if it's "cheaper" then the 1st overall contracts that previous players got?

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08-12-2014, 11:56 AM
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Ovechking
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Quote:
Originally Posted by Jimmi Jenkins View Post
Great news, clearly it was going to get done. I wonder if it's "cheaper" then the 1st overall contracts that previous players got?
The previous were always max contract + max bonuses right?

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08-12-2014, 11:57 AM
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dustrock
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dustrock suicide watch cancelled

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08-12-2014, 12:04 PM
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Dabomb
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Quote:
Originally Posted by Jimmi Jenkins View Post
Great news, clearly it was going to get done. I wonder if it's "cheaper" then the 1st overall contracts that previous players got?
http://www.coppernblue.com/2014/8/12...dmonton-oilers

"Some news from Oilers land this morning, the team and their newest first round selection, Leon Draisaitl have agreed to terms on a three-year entry-level contract. The dollars were not realeased but the last three players taken third overall - Jonathan Drouin, Alex Galchenyuk, and Jonathan Huberdeau - all signed identical deals with a base salary of $925k and bonuses of up to $2.3M, it's probably safe to assume Draisaitl's deal is in the same range."

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08-12-2014, 12:07 PM
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Excellent. Mostly a formality, but glad it's done. Now we just need to sign Schultz.

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08-12-2014, 12:16 PM
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Jimmi Jenkins
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Quote:
Originally Posted by Dabomb View Post
http://www.coppernblue.com/2014/8/12...dmonton-oilers

"Some news from Oilers land this morning, the team and their newest first round selection, Leon Draisaitl have agreed to terms on a three-year entry-level contract. The dollars were not realeased but the last three players taken third overall - Jonathan Drouin, Alex Galchenyuk, and Jonathan Huberdeau - all signed identical deals with a base salary of $925k and bonuses of up to $2.3M, it's probably safe to assume Draisaitl's deal is in the same range."
Thanks for the clarification.

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08-12-2014, 12:42 PM
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Quote:
Originally Posted by Dabomb View Post
http://www.coppernblue.com/2014/8/12...dmonton-oilers

"Some news from Oilers land this morning, the team and their newest first round selection, Leon Draisaitl have agreed to terms on a three-year entry-level contract. The dollars were not realeased but the last three players taken third overall - Jonathan Drouin, Alex Galchenyuk, and Jonathan Huberdeau - all signed identical deals with a base salary of $925k and bonuses of up to $2.3M, it's probably safe to assume Draisaitl's deal is in the same range."
Strange, on capgeek both Huberdeau and Drouin's base salary is listed as $894,167, not that it matters significantly.

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08-12-2014, 12:50 PM
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When's the parade?

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08-12-2014, 12:52 PM
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08-12-2014, 01:01 PM
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Delicious Pancakes
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Quote:
Originally Posted by Quokka View Post
Strange, on capgeek both Huberdeau and Drouin's base salary is listed as $894,167, not that it matters significantly.
Both Huberdeau and Drouin were sent back to Junior so their contract slides and the signing bonus doesn't get included in the contract which is why the number changes. They signed for the same amount though.

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08-12-2014, 01:05 PM
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Perfect_Drug
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I was hoping this would happen.

A part of me was very very worried that the Oilers braintrust would try something out of the box, and do something unexpected, to fool the entire league.


Yes, I do think they are that stupid.

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08-12-2014, 01:17 PM
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Dorian2
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So I'm confused as to how these ELC's work. Does he get paid that amount even if he is sent back to the minors?

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08-12-2014, 01:27 PM
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Delicious Pancakes
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So I'm confused as to how these ELC's work. Does he get paid that amount even if he is sent back to the minors?
He'll get paid his signing bonus and that's it. If he gets 9 games he'll get an NHL paycheque for however long he's on the roster but his contract will still slide to the following year.

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08-12-2014, 01:28 PM
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Nihilist
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So I'm confused as to how these ELC's work. Does he get paid that amount even if he is sent back to the minors?
They have to play NHL regular season games to get paid.

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08-12-2014, 01:29 PM
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Quokka
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Originally Posted by Delicious Pancakes View Post
Both Huberdeau and Drouin were sent back to Junior so their contract slides and the signing bonus doesn't get included in the contract which is why the number changes. They signed for the same amount though.
Interesting, so that means if a player on an ELC gets sent back to junior initially, it lowers his cap hit for the rest of his ELC (not including the A/B performance bonuses)?

In any event, I am quite happy that Draisaitl is signed.

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08-12-2014, 01:34 PM
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Quote:
Originally Posted by Quokka View Post
Interesting, so that means if a player on an ELC gets sent back to junior initially, it lowers his cap hit for the rest of his ELC (not including the A/B performance bonuses)?

In any event, I am quite happy that Draisaitl is signed.
no, it doesn't change the cap hit, it just pushes when the 1st year of the contract actually starts... example: if leon got sent back to junior this year, but made the NHL next year, his ELC would start in the 2015-16 season and end in the 2017-18 season

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08-12-2014, 01:49 PM
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Lacaar
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Originally Posted by jadeddog View Post
no, it doesn't change the cap hit, it just pushes when the 1st year of the contract actually starts... example: if leon got sent back to junior this year, but made the NHL next year, his ELC would start in the 2015-16 season and end in the 2017-18 season
From what the poster above says it actually does come down a little?

Perhaps the signing bonus is part of the contract and not the other bonus's.

Signing bonus gets applied to the cap year the contract was signed (this year)

and if the contract slides the cap for the next year is contract - signing bonus.

Just speculation.

Either way it seems to be a pretty insignificant amount.

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08-12-2014, 01:59 PM
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Nihilist
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Originally Posted by Lacaar View Post
From what the poster above says it actually does come down a little?
Pretty sure, if anything, it would slide up, not down.

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08-12-2014, 02:10 PM
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Dabomb
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Is Draisaitl really living with Yakupov now? How come I thought I heard before that he was staying with Bruce Saville? Wonder if this is just temporary before the season starts.. as Yakupov's family is usually here during the season.

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Old
08-12-2014, 02:15 PM
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To celebrate we will go out to dinner at a sensibly-priced restaurant, then have a night of efficient German sex.

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08-12-2014, 02:16 PM
  #25
Valic
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Quote:
Originally Posted by Quokka View Post
Strange, on capgeek both Huberdeau and Drouin's base salary is listed as $894,167, not that it matters significantly.
Initial cash bonus removed from "salary".

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