Friday, June 29, 2012

Get Your Long Term Contracts Now

Free agency is looming in the NHL.  Big name players are already signing some big contracts and the real madness does not begin for a couple years.  Yesterday we saw Sidney Crosby sign a 12 year $104.4 contract with Pittsburgh and Jonathan Quick sign a 10 year $58 million contract with Los Angeles.  Potential free agent Dennis Wideman signed a five year $26.25 million contract after his rights were traded to Calgary.  The length and value of these contracts are significant and clearly show that there are teams that are willing to pay some significant amounts of money to lock up some talent.  This is the case with the healthy NHL teams.  They are growing in revenue and are anxious to lock up as good players as possible for their future. 

The Gary Bettman NHL wants changes to the CBA to lower the player’s share of revenue and likely to reduce the length of contracts.  This makes the money being thrown around this summer likely phony money.

Source: http://www.kuklaskorner.com/index.php/psh/comments/get_your_long_term_contracts_now/

Andrew Brackman A.J. Burnett Steve Garrison Phil Hughes Damaso Marte Mariano Rivera

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