Signings: August 3rd, 2010

The New York Islanders announced today that they have signed 5′ 10” 195-pound winger Jon Sim to a one year two-way contract. Sim appeared in 77  games for the Islanders last year setting  a 3 year high in Goals (13), and Assists (9) bringing his career totals to Goals (74), Assists(61) and  +/(-33) in 435  NHL games. Sim was drafted in the 3rd round (70th overall) by the Dallas in the 1996 NHL entry draft.

“Jon brings an unmatched work ethic and veteran leadership to our lineup and we’re excited to have him back for the upcoming season” Islanders general manager Garth Snow.

Signings: July 27th, 2010

The New York Rangers announced today that they have signed 6′ 2” 208-pound winger Alexander Frolov to a one year 3million dollar contract. Frolov appeared in 81  games for the LA Kings last year setting  a 5 year career low in Goals (19), but finished with Assists (32) bringing his career totals to Goals (168), Assists(213) and  -/(+23) in 536  NHL games. Frolov was drafted in the 1st round (20th overall) by the LA Kings in the 2000 NHL entry draft.

“Alex is a highly skilled player who we feel will play a key role in improving our offense and play in all situations,” Rangers President and General Manager Glen Sather

  • Puckking: Good signing, with money still left to sign Marc Staal.

The New York Islanders announced today that they have resigned 6′ 1” 206-pound winger Matt Moulson to a one year 2.45million dollar contract. Moulson appeared in all 82  games for the Islanders last year setting  career highs in Goals (30),  and Assists (18). Moulson was drafted in the 9th round (263rd overall) by the Pittsburgh Penguins in the 2003 NHL entry draft, and signed as a free agent with the Islanders in 2009.

“Matt is one of our young core of players and we’re excited to have him return this upcoming season,” Islanders General Manager Garth Snow

  • Puckking: Who can disagree with this signing? Now it’s up to Matt to show he can be a  threat each year.

The LA Kings announced today that they have signed 6′ 4” 229-pound winger Alex Ponikarovsky to a one year 3million dollar contract. Ponisarovsky appeared in 77  games for the Toronto Maple Leafs and Pittsburgh Penguins scoring Goals (21), Assists (29) bringing his career totals to Goals (116), Assists(150) and  -/(+50) in 493  NHL games. Ponisarovsky was drafted in the 4th round (87th overall) by the Toronto Maple Leafs in the 1998 NHL entry draft.

Signings: July 26th, 2010

The Vancouver Canucks announced today that they have resigned 6′ 0” 185-pound winger Mason Raymond to a two year 5.1million dollar contract. Raymond appeared in 82 Canuck games last year setting career highs in Goals (25)  and Assists (28) bringing his career totals to Goals (45), Assists(52) and  -/(+3) in 203 NHL games. Raymond was drafted in the 2nd round (51st overall) by the Vancouver Canucks in the 2005 NHL entry draft.

  • Puckking: A very reasonable price (and a steal if he can hit 30) but the Canucks are already up against the cap.

The Nashville Predators announced today that they have resigned 6′ 3” 198-pound defenseman Ryan Parent to a two year 1.8million dollar contract. Parent appeared in 48 NHL games last year posting Goals (1)  and Assists (2) . Parent was drafted in the 1st round (18th overall) by the Nashville Predators in the 2005 NHL entry draft and was reacquired by the the Predators this past summer for the rights to sign UFA Dan Hamhuis.

Signings: July 23rd, 2010

The Dallas announced today that they have resigned 6′ 2” 212-pound winger Fabian Brunnstrom to a one year 826k dollar contract. Fabian appeared in 44 Stars games last year scoring Goals (2) and Assists (9) bringing his career totals to Goals (19), Assists(21) and  +/(-1) in 99 NHL games. Brunnstrom signed as a free agent with the Stars May 8th, 2008.

“We are looking forward to having him come to training camp in September and battle for a spot on our roster”

-Stars General Manager Joe Nieuwendyk

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Signings: July 22nd, 2010

The Atlanta Thrashers announced today that they have resigned 6′ 3” 220-pound goaltender Ondrej Pavelec to a two year 2.3million dollar contract. Pavelec started in a career high 42 games for the Thrashers last season posting a Save% (.906) and a GAA (3.29). Pavelec was a second round pick (43rd overall) by the Atlanta Thrashers in the 2005 NHL entry draft.

“This corresponds to my performance. I’m quite happy it turned out according to my expectations,”

-Ondrej Pavelec

The Columbus Blue Jackets announced today that they have resigned 5′ 11” 208-pound defenseman Grant Clitsome to a one year contract. Clitsome played in 11 NHL games last season with Goals (1), Assists (2) and +/- (0). Clitsome was drafted in the 9th round (271st overall) by the Columbus Blue Jackets in the 2004 NHL entry draft.

The Canucks Jannik Hansen finished up arbitration today and was awarded a raise of $825k one year deal. Hansen had a career high in Goals (9), Assists (6) and a +/(-5) last season bringing his career totals to Goals (15), Assists (21) and +/- (0).  Hansen was a 9th round pick (287th overall) in the 2004 NHL entry draft.

“It’s not a surprising result to us. It puts Jannik in a position to come back to our team next year and to continue to demonstrate that he is a bonafide NHL player with a long-term future.”

-Canucks assistant general manager Laurence Gilman

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Signings: July 21st 2010

The St. Louis Blues announced today that they have resigned 6′ 0” 200-pound winger David Perron to a two year 4.3million dollar contract. Perron tied for 4th in total points last season with the Blues setting a career high in goals (20) bringing his career totals to Goals (48), Assists(76) and  -/+ (20) in 225 NHL games. Perron was a 1st round pick (27th overall) by St. Louis in the 2007 NHL entry draft.

“David has proven to be a key forward on our club and we look forward to his continued development with us”

– St. Louis Blues Executive Vice President and General Manager Doug Armstrong

The Buffalo Sabres announced today that they have resigned 5′ 11” 198-pound winger Patrick Kaleta to a two year deal avoiding arbitration with the RFA. Kaleta had career high last season in Goals (10) and Assists (5), bringing his career totals to Goals (17), Assists (14) and -/+ (2) in 153 NHL games. Kaleta was drafted in the 6th round (176th overall) by Buffalo in the 2004 NHL entry draft.

“I hope to be an even bigger contributer this year offensively and continue to improve my game to another level that a lot of people don’t think I can play at,” -Patrick Kaleta

The Anaheim Ducks announced today that they have come to terms with UFA 5′ 3” 203-pound defensemen Danny Syvret. Syvret appeared in 21 Flyers games last year scoring Goals (2) and Assists (2) but missed time due to an injured shoulder. Syret was drafted in the 3rd round (81st overall) by Edmonton in the 2005 NHL entry draft.

The Ottawa Senators announced today that they have resigned 6′ 0” 203-pound winger Nick Foligno. Foligno appeared in 61 games last season with the Senators scoring Goals (9) Assists(17) and -/+ (6) bringing his career totals to Goals (32), Assists (35) and +/- (4) in 187 NHL games. Foligno missed time with an injured leg and knee last season. Nick was drafted in the 1st round (28th overall) by Ottawa in the 2006 NHL entry draft.

The Philadelphia Flyers announced today that they have resigned 5′ 11” 212-pound forward Darroll Powe to a 1year $725k contract. Powe had a career high in goals (9) and assists (6) in 63 NHL games last season. Powe signed with the Flyers as a UFA on March 20, 2007.

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Not yet Kovalchuk

By now (if you wanted to or not) you have heard about Kovalchuk signing his insanely long 17 year 102 million dollar contract, which was denied today by the NHL deputy commissioner Bill Daly:

“The contract has been rejected by the League as a circumvention of the Collective Bargaining Agreement. Under the CBA, the contract rejection triggers a number of possible next steps that may be elected by any or each of the NHLPA, the Player and/or the Club. In the interim, the player is not entitled to play under the contract, nor is he entitled to any of the rights and benefits that are provided for thereunder. The League will have no further comment on this matter pending further developments.”

More information can be found in the CBA, section 26.3 titled “Circumventions”

Basically the league is saying that because NHL contracts are averaged out (ex. a 25million contract/5years = 5million a season) that a contract of 102million over 17years breaks down to less cap hit each year then a contract of a 102million over 10years, giving (in this case) the Devils more spending money each year. While it is in the Devils power to give out 17year contracts the problem is that Kovalchuk is 27 meaning (27+17) Kovalchuk would be 44 when his contract expires and the likely hood that he can continue to play at that age is very slim.

Now the Devils will probably have front loaded the contract (meaning the next X amount of years they pay Y amount more then in the last few years) but the cap hit there still become reasonably less in a long term deal.

For Example1: 102million over 17years

If you average that contract out you would pay him 6million dollars a year over the course of the 17years.

You could front load that contract, for example, to pay him 8.5million a season for the next 10seasons (until he is 37) and have paid him 85million and then lower that for the last 7years. even though he would probably retire with some money left on the table (at that point it wouldn’t really matter), it’s all about the cap hit.

There are a few different ways they could spread this out (depending on cap space) such as 10mil the first 2season then drop to 8.5 or another number but it gives flexibility to the team, I just used 1number as an example.

Example2: 102million over 10years

If you average that contract out you would have to pay 10.2million dollars a year over the course of 10years.

You have to pay more each season (10.2 million) with practically no flexibility (there is a cap on how much 1 player can make each year.)

You don’t get the same flexibility as Example1 which is why people view Example1  as a loop hole in the CBA.

The league felt the Devils exploited this loop hole and thus rejected the contract.

But has Kovalchuk and his camp done something that other players in the league haven’t?

Two notables:

  • The Vancouver Canucks signed Roberto Luongo (31) to a contract extending into the 2021 season. A front loaded contract (the Canucks pay 10million this season) but less then 4 in the last 3 years.
  • The Chicago Blackhawks signed Marian Hossa (31) to a contract extending into the 2021 season. The put on an additional 2Million on for 7years (keeping the cap hit manageable) before it drops to 4million then 1million then less then 1million over the last 5years.

Of course you can look all over the league to see GM’s and players taking these types of deals ( how about Franzen and Zetterberg?) but perhaps the one difference between all these players and Kovalchuk is the length of the contract.

But we have seen contracts extending past 12years (DiPietro has a 15year deals) although he signed that at a young age and his contract is actually averaged out over the number of years offered (he makes the same amount at the last year of his contract as he did at the first year.)

Or perhaps it somehow doesn’t “feel” right (we’ve seen players in their 40’s before Chris Chelios, Mark Messier, Ed Belfore, and Dominik Hasek are a few) so who is to judge that Kovalchuk isn’t a name to one day be on that list?

But is it that much different then the contracts listed above?

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