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Showing posts with label contracts. Show all posts
Showing posts with label contracts. Show all posts

Tuesday, July 19, 2011

Steven Stamkos and the End of the Mega Deal

steven stamkos
Steven Stamkos is off the market. No need to continually refresh HockeyBuzz to find out the latest outlandish fable concerning who is soon to trade for the talented pivot.

Today the Lightning signed Stamkos to a five-year deal worth $37.5 million, which works out to an average annual cap hit of $7.5 million. Some might suggest he left some money on the table, but it’s important to remember that he was an RFA and couldn’t truly maximize his value as if he was a UFA.

This signing marks the first major RFA to re-sign with his club, leaving Drew Doughty, Shea Weber, Zach Parise, and Luke Schenn as the most talented players currently without a deal. It also marks an end to the various trade rumours and offer sheet speculation that happens when there is little to discuss during the summer.

Stamkos wasn't presented with an offer sheet because the reality was that it was a futile venture. The Lightning possessed enough cap space to match any offer another club could have imagined extending to Stamkos. And any notion of a trade was equally ridiculous because there are no teams that would possibly consider moving a 21-year-old franchise player who has already scored 119 goals in his first three seasons. Even if the signing means the Lightning spend a disproportionate amount of money on their forwards it doesn’t matter, you find a way to shed salary elsewhere. I understand it made for a good story, but let’s be realistic, you can probably count on one hand the players you would actually trade Stamkos for.

What’s really interesting about the Stamkos signing is what it means going forward.

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