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Islanders re-sign Rick DiPietro to a 15-year, $67.5M contract

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Old
09-12-2006, 12:47 PM
  #301
Injektilo
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This is such a high-risk, medium level reward move for the Isles.

10 years at 45M would be a good deal (probably), but it's the last 5 years that are really gonna hurt.

Imagine Ed Belfour earning 4.5M last season and this season, and that might be an idea, though RDP has a ways to go to catch Belfour in terms of career high and longterm accomplishments.

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09-12-2006, 12:50 PM
  #302
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Wow, that's a huge deal.

I still think DiPietro will be a top 5 goalie, so I think it will pay off in the end. He's been very good on a weak defensive team over the last few seasons.

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09-12-2006, 12:50 PM
  #303
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Originally Posted by PecaFan View Post
It's not like he's some one year wonder who won the Calder or something. You've got 5 years of solid data to draw on as to his future.

The chance of "Carreying" is extremely slim.
I didn't say it was extraordinarily likely, but it IS a possibility. But I'd say also that past practice has proven that the chance of RDP's play slipping as he gets older is way more likely than him elevating his game every year for 15 years.

Again, if this was a deal for 6-8 years, I could understand.

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09-12-2006, 12:52 PM
  #304
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Quote:
Originally Posted by Seph View Post
Nope, he's right. 2/3 of the total contract, spread out over twice the length. 2/3 of 67 is 44.67, divided by 30=1.49. If you only spread it out over the life of the contract, then it'd be 2.97 over 15 years, which is what I assume you're thinking of.
I knew the payout was 2/3, but I wasn't sure if the cap hit was 2/3. I thought it was the full contract spread over the length of the agreement in terms of the cap hit.

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09-12-2006, 12:53 PM
  #305
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Originally Posted by The Mars Volchenkov View Post
Wow, that's a huge deal.

I still think DiPietro will be a top 5 goalie, so I think it will pay off in the end. He's been very good on a weak defensive team over the last few seasons.
You think he will beat out the likes of Luongo, Kipper, Miller, Ward, Lundqvist, MAF, Lehtonen, etc..the NHL has ALOT of top flight goalies now... (Miller, Ward, Lundqvist, MAF, and Lehtonen have to prove themselves this season to be considered top 5 or top 10 though...)

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09-12-2006, 12:55 PM
  #306
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Quote:
Originally Posted by UAGoalieGuy View Post
You think he will beat out the likes of Luongo, Kipper, Miller, Ward, Lundqvist, MAF, Lehtonen, etc..the NHL has ALOT of top flight goalies now... (Miller, Ward, Lundqvist, MAF, and Lehtonen have to prove themselves this season to be considered top 5 or top 10 though...)
Yes, why is it so hard to believe he can't do that? It's an opinion. DiPietro has all the skill in the world and could definately do it.

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09-12-2006, 12:59 PM
  #307
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deal ever... a 3.02 goals against avg?? 4.what? Million... I cant even phathom why you would sign a player to a 15 year deal... and dipietro aint that great hes an above avg goalie... to compound the stupidity from 7 years ago you what... lock the guy in for eternity


imagine revisting history and keeping luongo and jokinen:


Jokinen
Gaborik or Heatley (1st overall instead of Dipietro in 2000)
Luongo

vs

Dipietro
(no more Parrish)
Kvasha (GONE)
Tambellini (via LA for Parrish)


ugh am i missing something?

*cough* horrible mismanagement George W Bush for GM of Isles

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09-12-2006, 01:00 PM
  #308
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Wang for Commisioner! Down with Bettman!

Proposed CBA:

200 million salary cap
Minimum contract length is 10 years
2 years of compulsory military service

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09-12-2006, 01:02 PM
  #309
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Originally Posted by Seph View Post
Nope, he's right. 2/3 of the total contract, spread out over twice the length. 2/3 of 67 is 44.67, divided by 30=1.49. If you only spread it out over the life of the contract, then it'd be 2.97 over 15 years, which is what I assume you're thinking of.
Assuming the salary by year is the same for every year. If it varies any, then the cap hit by year from any buyout would also vary.

TSN is saying $67.5M for the total value of the contract, so that would mean a buyout would cost $3M for each remaining year and a cap hit of $1.5M for twice the remaining years ... again, assuming his salary in each year of the contract is $4.5M.

EDIT: Actually, if you buy him out before he turns 26, the buyout amount is only 1/3 of the remaining value of the contract. If he's 26 or older, then it's 2/3rds. (The details of this are in Paragraph 13 of the Standard Player Contact.)

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09-12-2006, 01:03 PM
  #310
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Originally Posted by The Hockey Hitman View Post
I understand the viewpoint in which you're coming from....however, I think there are a whole lot of people who could do a better job at running the Islanders organization than the current management.

Just like the America's current administration, just because they're in power doesn't mean a) they know what the hell they're doing and b) that there isn't more qualified people for the position.




I thought the Elias deal was ridiculous as well. If this was Ovechkin or Crosby, I'd understand a little bit more...but you dont lock up players like Elias, DiPietro, Yashin, etc. to long-term deals like this in my opinion, for the long-term benefit of a franchise I see it as having more of a negative impact than positive. 7 years? Thats an awful high risk. 15 yrs is just plain stupid. If it were 10 years, my reaction wouldn't be any different.

Thats just one man's opinion though.
Although i see the point you're making..i don't agree with you putting Elias in the same category as Yashin and DiPietro. Elias is a lot more proven, the guy is always huge during the playoffs, great work ethic and plays hard always, great leader for the Devils...I bet he will be worth every penny of atleast 5 out of the 7 year contract he has...

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09-12-2006, 01:07 PM
  #311
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Originally Posted by PecaFan View Post
It's not like he's some one year wonder who won the Calder or something. You've got 5 years of solid data to draw on as to his future.

The chance of "Carreying" is extremely slim.
I agree that the chance of him pulling a Carey is slim, but you've also got to realize that while he has 5 years of experience he still isn't elite. It can be argued that other goalies that have come into the league after DiPietro have surpassed him - guys like Kipper, Miller, and Ward. While top goalies like Brodeur have risen to the top of the goaltender ranks right from the start, we're still talking about RD "reaching his potential" after five seasons. I know he came into the league young and hasn't had a great defense in front of him, but you've got to show more than he has so far to warrant any long-term committment, let alone an insane deal like this.

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09-12-2006, 01:07 PM
  #312
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Originally Posted by Injektilo View Post
This is such a high-risk, medium level reward move for the Isles.

10 years at 45M would be a good deal (probably), but it's the last 5 years that are really gonna hurt.

Imagine Ed Belfour earning 4.5M last season and this season, and that might be an idea, though RDP has a ways to go to catch Belfour in terms of career high and longterm accomplishments.
Imagine a team paying signing a 37 YO goaltender to a 3 year deal at $4.5M per year! Oh wait, that EXACT scenario just happened when Kevin Lowe (a very savvy GM by most accounts) just resigned Dwayne Roloson to a 3 year $13.5M deal.

Just FYI, if the cap goes up by 3% per year, the "Dwayne Roloson" equivelant contract in 2018 will be for approx $6.75M.

I reiterate - if RDP develops as expected - this is going to be a huge bargain contract. If he melts down - this is going to hurt like a witch. Huge risk, large reward IMO.

I agree that RDP will likely be overpaid the last couple years of his contract. But if he develops, how much $'s is he leaving on the table for 9 prime UFA years (27-36). I'd guarantee you it's a hell of a lot more than the extras $'s for this year and years 14 & 15.

I do understand where everyone else is coming from, and agree with Pecafan. When you're 20, 15 years sounds like forever. When you've got a little more life experience you realize it's not forever.

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09-12-2006, 01:08 PM
  #313
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Quote:
Originally Posted by mdevellano2 View Post
deal ever... a 3.02 goals against avg?? 4.what? Million... I cant even phathom why you would sign a player to a 15 year deal... and dipietro aint that great hes an above avg goalie... to compound the stupidity from 7 years ago you what... lock the guy in for eternity


imagine revisting history and keeping luongo and jokinen:


Jokinen
Gaborik or Heatley (1st overall instead of Dipietro in 2000)
Luongo

vs

Dipietro
(no more Parrish)
Kvasha (GONE)
Tambellini (via LA for Parrish)


ugh am i missing something?

*cough* horrible mismanagement George W Bush for GM of Isles
Yeah, you're missing the part where anybody thinks this is new or interesting information. Is there anybody on this board that doesn't know that the whole Luongo for Dipietro debacle was mess. What are you going to do next, tell us about the bad things that Nazism did for Germany?

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09-12-2006, 01:08 PM
  #314
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didn't they learn their lesson with yashin?

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09-12-2006, 01:09 PM
  #315
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Quote:
Originally Posted by HBK27 View Post
I agree that the chance of him pulling a Carey is slim, but you've also got to realize that while he has 5 years of experience he still isn't elite. It can be argued that other goalies that have come into the league after DiPietro have surpassed him - guys like Kipper, Miller, and Ward. While top goalies like Brodeur have risen to the top of the goaltender ranks right from the start, we're still talking about RD "reaching his potential" after five seasons. I know he came into the league young and hasn't had a great defense in front of him, but you've got to show more than he has so far to warrant any long-term committment, let alone an insane deal like this.
Those guys are older than DiPietro, no? He's still an extremely young guy, especially at the goaltending postition, where it takes a while to develop.

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09-12-2006, 01:12 PM
  #316
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Originally Posted by HBK27 View Post
I agree that the chance of him pulling a Carey is slim, but you've also got to realize that while he has 5 years of experience he still isn't elite. It can be argued that other goalies that have come into the league after DiPietro have surpassed him - guys like Kipper, Miller, and Ward. While top goalies like Brodeur have risen to the top of the goaltender ranks right from the start, we're still talking about RD "reaching his potential" after five seasons. I know he came into the league young and hasn't had a great defense in front of him, but you've got to show more than he has so far to warrant any long-term committment, let alone an insane deal like this.
Goalies don't peak at 25 YO. Most goalies in RDP's age-group are just starting their NHL careers.

I also don't think that a guy like Miller has surpassed RDP by all that much. Miller & Ward were great in the P/O's, but neither one is a what most would call a proven NHL starter. After the Olympic break, Miller really struggled. He turned it around in the P/O's, and I'd love to have him on my team, but it's not like he's money at this point.

Unfortunately, with the Isles mgmt team in place RDP is likely stuck with a crappy NHL team in front of him going forward, so it'll be extra difficult for him to reach his potential.

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09-12-2006, 01:12 PM
  #317
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If a guy has proven he's a top 5, what do you have to pay him as a UFA? Anybody think that Kipper isn't going to make $8M?

I agree the term is daunting, and it's a gamble. My only point is that IF RDP develops as I think he will, the pay-off will be substantial.

I think that people need to expect RDP to have down years. Every goaltender struggles at times - I just hope that the added pressure of the huge contract doesn't make that a more difficult situation for RDP.
The payoff will NOT be substantial - even if he deal emerge as an elite goaltender, you're still overpaying him now and at the end of the contract. That's also a big IF that he's going to emerge as an elite goaltender - right now, I'd place the odds around 50/50.

As far as struggling, I can understand having a tough stretch of games - but down YEARS? You've got to expect consistency out of any great goaltender - this seems to be one of the problems RD still has to overcome.

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09-12-2006, 01:14 PM
  #318
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Originally Posted by PecaFan View Post
It's not like he's some one year wonder who won the Calder or something. You've got 5 years of solid data to draw on as to his future.

The chance of "Carreying" is extremely slim.
"Carreying" is an extreme example, as that would be a complete breakdown, and a retirement from the sport in just a couple of years. I agree that isn't a likely scenario.

However, there are a lot of lesser scenarios, that over a 15 year time period, that have a significant chance of occuring.

This deal stays palatible if DiPietro stays above a top 20 goaltender. If you're not a top 20, you can't really be relied upon by a contending team outside of a platoon situation, and he's going to be making too much money for anyone to be happy with that level of output. While he has a decent track record, he hasn't done much to differentiate himself from the other 5-10 good young goalies in the leage right now. That doesn't account for the guys that are a few years older like Kipper, Brodeur, Vokoun, etc. that may still be elite goaltenders as he's hitting his prime. It also doesn't account for prospects that aren't even on the radar that may arise during the life of this contract. He hasn't seen a playoff yet, so, there's still a great deal of risk in seeing how he reacts in those situations.

So, he may not end up like Jim Carey, but, I think it's just as likely that he'll be the next Theodore as it is he'll be the next Brodeur. No matter how you slice it, this is a massive gamble.

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09-12-2006, 01:16 PM
  #319
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Unfortunately, with the Isles mgmt team in place RDP is likely stuck with a crappy NHL team in front of him going forward, so it'll be extra difficult for him to reach his potential.
So, you're going to pay him 4.5 million per not to reach his potential? I fail to see that as a good deal for the club.

Wang should be concerned with trying to ice the best product possible, not trying to collect all his favorite players for the duration of their careers.

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09-12-2006, 01:18 PM
  #320
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You have to believe that is not an independent thought and DiPietro fully realizes this. Obviously, he is willing to trade off if he put his name on the contract.
What he thinks he'll think when that times comes is most likely far, far different from how he'll actually feel. Does that make sense? Today he may think he won't be upset that a goalie with half his credentials is making twice as much because it's an abstract. The day he looks around and all those inferior goalies actually are making more than him, well, different story.

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09-12-2006, 01:20 PM
  #321
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I guess that's what happens when your named "Wang", and your surrounded by 2 nuts, Milbury and Snow.

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09-12-2006, 01:23 PM
  #322
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09-12-2006, 01:23 PM
  #323
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Originally Posted by Irish Blues View Post
Assuming the salary by year is the same for every year. If it varies any, then the cap hit by year from any buyout would also vary.

TSN is saying $67.5M for the total value of the contract, so that would mean a buyout would cost $3M for each remaining year and a cap hit of $1.5M for twice the remaining years ... again, assuming his salary in each year of the contract is $4.5M.

EDIT: Actually, if you buy him out before he turns 26, the buyout amount is only 1/3 of the remaining value of the contract. If he's 26 or older, then it's 2/3rds. (The details of this are in Paragraph 13 of the Standard Player Contact.)

Since this contract will far outlive this CBA, it will be interesting to see what the new CBA(s) does in regard to existing contracts -- will buyout rules for those contracts remain retroactive to the same as they were under the CBA in effect when the deals were signed, or would the new CBA's buyout rules apply?

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09-12-2006, 01:24 PM
  #324
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Good god, why the hell did I ever become an Islanders fan.
. . .because you lost a bet??

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09-12-2006, 01:24 PM
  #325
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Originally Posted by HBK27 View Post
The payoff will NOT be substantial - even if he deal emerge as an elite goaltender, you're still overpaying him now and at the end of the contract. That's also a big IF that he's going to emerge as an elite goaltender - right now, I'd place the odds around 50/50.

As far as struggling, I can understand having a tough stretch of games - but down YEARS? You've got to expect consistency out of any great goaltender - this seems to be one of the problems RD still has to overcome.
Right now guys that are top tier #1's are making about $5.5M (Turco, Nabakov, Vokoun, Kolzig, etc). If the cap goes up by 3% per year, in 10 years they are going to be making approx $7.2M. The Isles would be saving $2.7M on RDP's contract compared to what potentially comparable goaltenders are making.

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