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Savard signs 7 year 4.2 M cap hit

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Old
12-01-2009, 11:45 AM
  #1
GMofOilers
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Savard signs 7 year 4.2 M cap hit

Bob says its extremely front loaded but Wow thats a bargin!

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Old
12-01-2009, 11:53 AM
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Quote:
Originally Posted by GMofOilers View Post
Bob says its extremely front loaded but Wow thats a bargin!
Best deal in the league imo outside of entry level deals of course...... Maybe the term is one or two years too long but still $4.2 mil/yr for a top 3-5 playmaker in the league, and we thought the Hemsky contract was a steal?

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Old
12-01-2009, 11:56 AM
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smythfan
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This is OUTSTANDING for the Bruins. I have long thought that Marc Savard is one of the most underrated players in the league.

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12-01-2009, 11:58 AM
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Tyrolean
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In the next CBA, I think they will close this loophole of long contracts and heavy front loading.

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Old
12-01-2009, 12:02 PM
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I'm not going to say it, I'm not going to say it...

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Old
12-01-2009, 12:02 PM
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Soundwave
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We should've done the same with the Horcoff deal, just tacked a 1.5 mill and 1 mill (2 extra years) to the back of the contract, that would've brought the cap hit down into the $4 mill range -- though honestly he shouldn't have been signed until seeing him play at least 20 games post-surgery.

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Old
12-01-2009, 12:03 PM
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GSC
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Originally Posted by Soundwave View Post
We should've done the same with the Horcoff deal, just tacked a 1.5 mill and 1 mill (2 extra years) to the back of the contract, that would've brought the cap hit down into the $4 mill range.
Glad you said it and not me

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Old
12-01-2009, 12:04 PM
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Stoneman89
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And the Edmonton Oilers announce - Dennis Grebeshkov has signed a 5 year deal extension for an average of 5.5 million per.

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Old
12-01-2009, 12:04 PM
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Soundwave
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Originally Posted by A Vandelay View Post
Glad you said it and not me
Well if they were going to do the whole "we have to lock up Horcoff quick!" schtick.

Which I never would have done. Should have waited at least 20 games to see if he could replicate his previous scoring stretch.

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Old
12-01-2009, 12:16 PM
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Originally Posted by Stoneman89 View Post
And the Edmonton Oilers announce - Dennis Grebeshkov has signed a 5 year deal extension for an average of 5.5 million per.
I'll sum up the HF thread immediately following this news:

"Man that would be a steal."

"Hell ya get Grebs locked up for that much."

"That is way to much for a turnover machine."

"Hell ya keep the tint in E-town."

"Grebs ain't worth the stains on my underwear let alone 5.5 million per."

"That's ******** that Grebs is gonna make 8 million."

As for the Savard deal, way to get it done. Solid player and a great price. Guess this means we will be able to resign Hemsky for 3.5 million per.

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Old
12-01-2009, 12:18 PM
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Philly85
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Wow what a deal... has to be one of the best in the league... 7 years too... that's simply phenomenal stuff.

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Old
12-01-2009, 01:07 PM
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OntOilFan
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Shawn Horcoff.

Go.

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Old
12-01-2009, 01:14 PM
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Reimer
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Originally Posted by OntOilFan View Post
Shawn Horcoff.

Go.
You got it. He passed go and he has collected approximately 2.94 million of his 7 million this season.

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Old
12-01-2009, 01:57 PM
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Fourier
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Quote:
Originally Posted by Soundwave View Post
We should've done the same with the Horcoff deal, just tacked a 1.5 mill and 1 mill (2 extra years) to the back of the contract, that would've brought the cap hit down into the $4 mill range -- though honestly he shouldn't have been signed until seeing him play at least 20 games post-surgery.
I said this at the time. 8 years front loaded with a cap hit of about $3.7M was what I was hoping for. Shoulder injuries aside Horcoff is usually in such gret shape that you could see him being a useful foot-soldier in his last few years. Moreover, by that time with the same sort of cap rules in play inflation could make the deal look much better.

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Old
12-01-2009, 02:23 PM
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agreed

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Originally Posted by Tyrolean View Post
In the next CBA, I think they will close this loophole of long contracts and heavy front loading.
Savard is 32 now and will turn 33 in 2010. Deal would take him to age 40, if he plays it out. But, we know that won't happen. Realistically, it's a 5 year deal since it's front end loaded. Not much different than the Ohlund deal for 7 years and 26 million in the summer. Ohlund isn't going to play another 6 seasons after this one.

NHL probably has to work on the wording of how much a salary can drop year to year, as well as any "signing" bonuses paid out over the length of the deal. I believe Gilbert has a "bonus" in the summer.

It still surprises me to see how many people on these boards can't understand that players aren't going to fulfill these long term deals. If a player retires with 2 years left on their contract, the team doesn't eat the cap hit, it is freed up for them to sign someone else. Only if the player signed a deal after he hit 35 (that's why the Pronger situation is going to be very interesting, since he signed the extension before he turned 35, but the new deal wouldn't kick in until he is already 35) would an early retirement force the team to eat the salary cap hit. If Khabi retires, the Oilers are on the hook for the 3 million plus cap hit per season. Only if it's due to medical reasons, where he fails a physical, would the Oilers get cap relief, ala Mike Rathje and the Flyers.

Just seems odd to me that players at age 28 - 30 are planning their retirement. But, to each their own.

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Old
12-01-2009, 02:44 PM
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Quote:
Originally Posted by Street Hawk View Post
Savard is 32 now and will turn 33 in 2010. Deal would take him to age 40, if he plays it out. But, we know that won't happen. Realistically, it's a 5 year deal since it's front end loaded. Not much different than the Ohlund deal for 7 years and 26 million in the summer. Ohlund isn't going to play another 6 seasons after this one.

NHL probably has to work on the wording of how much a salary can drop year to year, as well as any "signing" bonuses paid out over the length of the deal. I believe Gilbert has a "bonus" in the summer.

It still surprises me to see how many people on these boards can't understand that players aren't going to fulfill these long term deals. If a player retires with 2 years left on their contract, the team doesn't eat the cap hit, it is freed up for them to sign someone else. Only if the player signed a deal after he hit 35 (that's why the Pronger situation is going to be very interesting, since he signed the extension before he turned 35, but the new deal wouldn't kick in until he is already 35) would an early retirement force the team to eat the salary cap hit. If Khabi retires, the Oilers are on the hook for the 3 million plus cap hit per season. Only if it's due to medical reasons, where he fails a physical, would the Oilers get cap relief, ala Mike Rathje and the Flyers.

Just seems odd to me that players at age 28 - 30 are planning their retirement. But, to each their own.
Why does that seem odd? Makes perfect sense to me in the professional sports world. They know they can only make that much money for so long. So why not sign a deal that guarantees you that much money until you retire?

The guy could go out and get a serious injury next season and then wouldn't be able to make nearly as much. You gotta remember 98% of contracts are for what's best for the player not the team(from the players side obviously).

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Old
12-01-2009, 02:51 PM
  #17
alphahelix
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this makes boston a contender for a few more years at least....


if savard = 4.2
then horcoff should = ??? 0? 1?

we are retards

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Old
12-01-2009, 03:30 PM
  #18
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Quote:
Originally Posted by Fourier View Post
I said this at the time. 8 years front loaded with a cap hit of about $3.7M was what I was hoping for. Shoulder injuries aside Horcoff is usually in such gret shape that you could see him being a useful foot-soldier in his last few years. Moreover, by that time with the same sort of cap rules in play inflation could make the deal look much better.
Not to mention the possibility of retirement, since the contract's been signed before he turned 35. Good move by Bruins.

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Old
12-01-2009, 04:33 PM
  #19
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What a steal of a deal. Best contract in the league I'd think.

ugh, Horcoff contract keeps on getting worse and worse...

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Old
12-01-2009, 07:38 PM
  #20
GMofOilers
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Intresting #'s

Bob Mckenzie
Quote:
Just fixed a typo. Marc Savard deal official now. He gets $7M, $7M, $6.5M, $5M, $1.5M, $525K, $525K. That's $25.5 for first four years

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Old
12-01-2009, 07:41 PM
  #21
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Originally Posted by GMofOilers View Post
Intresting #'s

Bob Mckenzie
Not possible.

Salary can't go from $5.0M to $1.5M.

Can not drop by over half year over year.

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Old
12-01-2009, 07:46 PM
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Originally Posted by Big Dogge View Post
Not possible.

Salary can't go from $5.0M to $1.5M.

Can not drop by over half year over year.
Isnt it only the first two years

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Old
12-01-2009, 07:49 PM
  #23
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Quote:
Originally Posted by Eytinge View Post
What a steal of a deal. Best contract in the league I'd think.

ugh, Horcoff contract keeps on getting worse and worse...
It makes over half of the contracts in the league look worse.

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Old
12-01-2009, 11:00 PM
  #24
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Quote:
Originally Posted by Big Dogge View Post
Not possible.

Salary can't go from $5.0M to $1.5M.

Can not drop by over half year over year.
It can't drop by more than 1/2 of the average salary paid in the first two years (avg. 7M / 2 = 3.5M)

Thus, it's legit.

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Old
12-01-2009, 11:02 PM
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Originally Posted by NotBad View Post
Isnt it only the first two years
Thanks for the clarification.

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