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Scott Glennie to sign ELC this week

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Old
07-13-2010, 11:13 AM
  #1
BigG44
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Scott Glennie to sign ELC this week

Quote:
The Brandon Sun has learned that the Dallas Stars are negotiating with Scott Glennie on his first NHL contract.

Multiple sources have confirmed that the Stars are hoping to sign the 19-year-old Brandon Wheat Kings right-winger to a three-year entry-level contract this week after selecting him eighth overall in the 2009 NHL Entry Draft.
http://www.brandonsun.com/sports/loc...614.html?thx=y

My guess is max salary & signing bonus + 3 standard A bonus.

3 years for $4,612,500 million ($1.537,500/cap hit), $900,000/salary ($810,000 salary + $90,000 signing bonus), $637,500 A bonus

Kadri has the full A bonus at 7 in the same draft. Boedker took the full A bonus at 8 in the previous draft. Cowan only got half the A bonus at 9 in the same draft. MPS ended up with about 75% of the A bonus in the same draft.

His contract will slide since he won't play in the NHL next year so his cap hit will ultimately be $1,507,500

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07-13-2010, 01:05 PM
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I suspect you are exactly correct.

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07-13-2010, 01:15 PM
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He must be relieved, I wonder if any of the other first round draft picks were making fun of him for being the last guy unsigned.

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07-13-2010, 01:48 PM
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Originally Posted by map94 View Post
I suspect you are exactly correct.
I almost went with the full A bonus, but I have a feeling Dallas get's out of it. Glennie projects as a player that could earn the full A bonus so I think they’ll want to try and minimize the commitment.

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07-13-2010, 03:38 PM
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Quote:
Originally Posted by Captain Awesome View Post
He must be relieved, I wonder if any of the other first round draft picks were making fun of him for being the last guy unsigned.
Better to be unsigned for the Wheat Kings than signed for the Leafs ...

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07-13-2010, 04:40 PM
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Glennie is now officially signed.

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07-13-2010, 04:44 PM
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Cool beans.

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07-13-2010, 09:54 PM
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The thread in the main boards is hilarious. I would join in, but I'm not that creative

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07-14-2010, 02:32 AM
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The thread in the main boards is hilarious. I would join in, but I'm not that creative
I've done my part.


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07-14-2010, 09:08 AM
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Scott Glennie's cap hit is $1.65 million, and he has a pretty interesting structure that I don't recall seeing before. I don't admit to looking at every ELC structure, but I do enjoy checking most of them out.

Anyway, the unique structure is in the A bonus payout. The Stars actually did something nice for him, IMO. He has max salary and signing bonus, but his first season A bonus is only $650,000. The 2nd season it goes up to $750,000. In his final season of the contract, Glennie gets the max A bonus.

Most times, the A bonus is a multiple of $212,500 up to $850,000 since the bonus is paid based on different categories. My best guess is Dallas also divided the bonuses in Year 1 and 2 by 4, meaning earning any category will pay him $162,500 in Year 1 and $187,500 in Year 2. The final year should payout the standard or max $212,500.

The reason I said it was nice of the Stars is that around picks 8, 9, 10, teams stop giving max A bonuses. In this case, Glennie will likely not have an opportunity to earn any A bonus his first season anyway. You need to spend the entire year in the NHL to really have a shot at these bonuses. I’d say at least 60 games to really have a shot at putting up the necessary points. However, it’s more likely he’ll be contributing to the NHL team in the 2nd and 3rd seasons. Those seasons, when the bonuses actually have a shot at being earned are either at max or close to it.

Just for reference, Benn, I think most would agree, had a fantastic rookie season. Despite playing 82 games, he would have only earned one payment of an A bonus (if he had them which he doesn’t). That would be for scoring 20+ goals. I don’t think he was close in any other category.

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07-14-2010, 09:47 AM
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Surprising... New GM, so new contract structure concepts. We'll have to adapt out thinking.

Those A Bonus targets in the CBA are just minimums. So for example his target could be higher than 20 goals. It could have tiers to it. Something like half the $212,500 for 20 goal and the other half for 30 goals. Or a million other possibilities.

If a player earns A bonuses, he's worth what he's getting paid...

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07-14-2010, 09:51 AM
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If anyone cares, here's the minimums for a forward map94 was talking about:

(i) Ice time (aggregate and/or per Game). Player must be among top six (6) forwards on the Club (minimum 42 Regular Season Games played by Player and comparison group). (Note: an Entry Level SPC may contain bonuses for both aggregate and per Game ice time; however, the maximum aggregate amount the Player may receive on account of the ice time category is $212,500.)
(ii) Goals: 20 Goal Minimum
(iii) Assists: 35 Assist Minimum
(iv) Points: 60 Point Minimum
(v) Points Per Game: .73 Points per Game Minimum (minimum 42 Regular Season Games played)
(vi) Plus-Minus Rating: Among top three (3) forwards on the Club (Minimum 42 Regular Season Games played by player and comparison group).
(vii) End-of-Season NHL All-Rookie Team
(viii) NHL All-Star Game (selected to play or plays)
(ix) NHL All-Star Game MVP

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07-14-2010, 09:53 AM
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I forgot about the All-Rookie team. Niskanen was named to that, but I don't know who made it this year. Did Benn?

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07-14-2010, 09:55 AM
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NHL All-Star Game MVP? That's a strange and pointless title to wage money on

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07-14-2010, 10:07 AM
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Originally Posted by BigG44 View Post
I forgot about the All-Rookie team. Niskanen was named to that, but I don't know who made it this year. Did Benn?
No, the forwards were Bergfors, Duchene, and Tavares.

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07-14-2010, 10:09 AM
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Quote:
Originally Posted by Caseman View Post
NHL All-Star Game MVP? That's a strange and pointless title to wage money on
Why? Someone is going to earn it. You can almost guarantee Steven Stamkos (in the final year of his ELC) makes the All Star game next year, and that means he has an opportunity to be the MVP and earn an A bonus. The B bonuses are even further out there btw.

Top 5 Award Finish: Hart Trophy, Rocket Richard Trophy, Norris Trophy, Vezina Trophy and Frank J. Selke Trophy.

Award Winner: William Jennings Trophy and Conn Smythe Trophy

End of Year All-Star: 1st Team or 2nd Team

Forwards:
Top 10 Goals, Assists, Points, PPG (min 42 GP)

Defensemen:
Top 10 Goals, Assists, Points, PPG (min 42 GP) and Ice time among defensemen (aggregate and/or per game)

Goaltenders
Top 5 GAA, SVP, Wins

Hit 1 of those, and you get the full B bonus. The B bonus is also what killed the Blackhawks. It's the reason they went over last year's cap by $4+ million. Toews was the Conn Smythe winner, and Kane finished Top 10 in one of the scoring categories.

I’m just thankful that Jack Campbell was picked at 11. I can’t think of a single example of a guy getting a B bonus outside of the top 10 (and not an undrafted free agent signing). IMO, Goalies have an easier shot a B bonuses than forwards and D (not a huge advantage though).

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07-14-2010, 10:23 AM
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Quote:
Originally Posted by Caseman View Post
NHL All-Star Game MVP? That's a strange and pointless title to wage money on
Also, it's important to realize that most A bonuses don't require you to achieve every category to receive the full payment. For example, the NY Islanders probably didn't screw around much with John Tavares' contract.

I imagine all his A bonuses are the minimum and they pay the standard $212,500 per category.

If John scores 60 points next season (more than 20 goals and more than 35 assists), he will reach the full A bonus.

That's because he achieved Category ii, iii, iv, and v. Map94 is right that it's virtually impossible to know for sure the structure of Glennie's A bonus. We'd have to have a copy of the contract, and the only contract I've ever laid eyes on is Evgeni Malkin's ELC. They are very, very rare.

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07-14-2010, 11:37 AM
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Can we agree the NHL All-Star Game is a joke competition? I'm just saying in comparison to the other minimums, those based on statistical achievements and seasonal progress, NHL All-Star Game MVP seems out-of-place to put into one's contract.

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07-14-2010, 11:43 AM
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So as illogical as it might be the thread on the trades board has made me like THE SCOTT GLENNIE way more.

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07-14-2010, 11:44 AM
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The thinking might be that one of your players winning the All-Star Game MVP would bring positive attention and publicity to the organization as a whole. Dunno. Then again don't they get a free car for that?

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07-14-2010, 12:30 PM
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Originally Posted by DoesURchickenFLY View Post
So as illogical as it might be the thread on the trades board has made me like THE SCOTT GLENNIE way more.
The first couple pages yesturday were lame and I thought it would die, but it's pretty damn funny now. I love the wikipedia updates.

Looks like he'll have a few more fans because of that thread.

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07-14-2010, 12:33 PM
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Originally Posted by piqued1457 View Post
The thinking might be that one of your players winning the All-Star Game MVP would bring positive attention and publicity to the organization as a whole. Dunno. Then again don't they get a free car for that?
I believe they do, but that's not uncommon: An ELC paying money on top of a league bonus.

Brad Richards earned $100,000 for finishing 2nd in the Lady Bing vote, $120,000 for finishing with the 4th most assists, $90,000 for 7th in points, and $10,000 for 10th in PPG. Those are all league paid bonuses.

On the other hand, Patrick Kane was paid a B bonus of $2 million by the Chicago Blackhawks for finishing Top 10 in the league in points and other categories. Then, the league pays him $240,000 for being a First Team NHL All-Star ($100,000), 9th in assists ($70,000), and 9th in points ($70,000).

Alexander Ovechkin is the King of getting paid twice for the same thing. In his rookie season, he earned $2.85 million in bonuses from the team and $896,700 bonuses from the league. On a contract worth $3.7 million, Ovechkin cashed in , before taxes, $4,596,700.

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07-14-2010, 12:38 PM
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What's funny, is as a rookie, on a very similar contract as Ovechkin, Patrick Kane earned $1,937,500. That's the difference between a respectable, Calder-worthy season from Kane, and a superstar like Ovechkin.

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07-14-2010, 01:50 PM
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Like I said, if someone gets paid for one of these bonuses they are probably worth the money.

The ELC contracts are actually really good bargains for the teams. Their financial exposure is relatively limited and the player only makes big money if he performs. If he sucks, you send him to the AHL and you're only out the 10% signing bonus and AHL salary. And that's even if you sign the top pick in the draft. I'm sure the other pro leagues would love this type of arrangement. Look at the financial bath the Raiders took with JaMarcus Russell. He got paid over $30M to be a complete failure. The most an NHL team has to guarantee is a little under a half million dollars.

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07-14-2010, 02:30 PM
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Did anyone see this over in the other thread? http://www.youtube.com/watch?v=TsoXf...layer_embedded

Hilarious thread, would have been nice to get some actual feedback on Glennie from Brandom followers but awesome nontheless.

Sadly, this thread will likely be the highlight of the Stars' upcoming season.

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