Those 'lifetime' contracts aren't as fool-proof as they seem

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dipietro.jpgWho can forget the howls of derision from just about every corner of the hockey globe when people got wind of the 15-year, $67.5 million contract the New York Islanders handed to then-franchise goalie Rick Dipietro? Surely, much of that mockery came because of their history of dumb deals (just look at Alexei Yashin’s still-ridiculous buyout) and the fact that – while he helped the team limp its way into the playoffs – Dipietro fell short of the upper crust of NHL goalies. Even at that moment of time.

Still, it’s clear to me that GM Garth Snow was a trailblazer that day. While he might not have “invented” the lifetime deal, his signing has become the template for many deals since that time. From Nicklas Backstrom to the rumored 17-year, $100 million deal some are saying the Devils signed Kovalchuk for, the common loophole is to fudge cap hits with unrealistically long contract terms.

Have we not learned anything from the disaster that was Vince McMahon’s 20-year contract with Brett “The Hitman” Hart? (Note: referencing professional wrestling is always appropriate in big picture discussions, especially on subjects of metaphysics, the meaning of life and the figure-four leglock.)

Anyway, all joking aside, these lifetime deals aren’t quite as fool-proof as they might seem. Don’t get me wrong, it’s great to reduce the cap impact of a star player – after all, a lower cap hit means that you can improve their chances of success by surrounding them with more talent.

The problem lies in two areas, one tangible and one that’s difficult to measure.

When you sign a guy for that many years, injuries are an enormous risk. Even if you consider moderate loopholes like the injured reserve and the fact that retirement can help a team avoid a cap hit (if the player didn’t sign a contract at 35 or older), not all injuries are severe enough to force a quick retirement decision. Perhaps a knee injury might not keep a guy off the ice, but instead slow him and bump that player out of “elite” status. Old age and concussions can also greatly reduce a player’s effectiveness. Case in point: Dipietro

Health isn’t the only worry, though. I’m a big believer in the natural inspirational effects of a contract year and a 10+ year contract is the antithesis of that mojo. You can’t even really beat up a player for slowing down ever-so-slowly without that monetary carrot dangling. After all, it’s human nature; you’re much less likely to put your body on the line when you won’t see one extra zero in your pay check either way. Maybe it’s coincidence, maybe not, but there are only a handful of players who were successful once they signed big deals. Case in point: Roberto Luongo’s first year as the Canucks captain, Albert Haynesworth in the NFL, every Khabibulin/Huet/Theodore season that wasn’t a contract year.

Now, it’s far from official that Kovalchuk signed a 17-year deal. It is, after all, a rumor. Still, it wouldn’t be that surprising; it’s obvious that NHL general managers are milking that cap hit loophole for all its worth.

My question is: will they end up looking smart 10 years into such deals? I have some serious doubts about that.

Oilers re-sign Pakarinen for one year

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The Edmonton Oilers have given winger Iiro Pakarinen a one-year contract extension.

From the release:

Pakarinen just finished his third season with the Oilers organization, appearing in 14 regular season games in 2016-17, posting four points (2 goals, 2 assists).  The 25 year old forward missed 53 games due to an injury suffered during the pre-season. He appeared in one playoff game against the San Jose Sharks.

The Oilers brought Pakarinen over from Finland in 2014. Since then, he’s split his North American career between the AHL and NHL while drawing praise for his versatility and hard-nosed style.

Per CapFriendly, Pakarinen’s cap hit will be $750,000 in 2017-18. It’s a one-way deal.

Market heating up for prized Czech d-man Rutta

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Coming off an impressive performance for the Czech Republic at the World Hockey Championship, Jan Rutta is now being courted by a number of NHL clubs.

Per The Athletic, the Blackhawks are in contention for securing Rutta’s services. That comes on the heels of earlier reports from TSN’s Darren Dreger, who said there are “multiple” offers for the 26-year-old, including ones from Edmonton and Calgary.

“He’s a steady defenseman with size, and he had a strong finish of the season,” an NHL scout told The Athletic. “He was very good in the playoffs and played his best at the Worlds.”

Rutta, who was never drafted by an NHL club, has spent his professional career with Czech League outfit Pirati Chomutov. He’s blossomed into a talented offensive defenseman — finishing second among Czech League d-men with 32 points in 46 games this year — and, as mentioned above, has good size at 6-foot-3, 200 pounds.

Last week, Rutta’s agent — longtime Octagon Hockey representative Allan Walsh — tweeted that his client would make a decision on NHL offers soon.

 

Sharks keep stockpiling European free agents, land Sandberg

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Doug Wilson is at it again.

On Thursday, the Sharks GM confirmed yesterday’s news — the signing of Czech d-man Radim Simek — and announced that Swedish forward Filip Sandberg had agreed to a two-year deal.

“Filip is a very creative player who sees the ice well and can create offense in limited space,” Wilson said in a release. “He plays a high-pressure, puck-pursuit game and his battle level is something we have been impressed with, especially against older players.

“We are excited for him to join our organization.”

Sandberg, 22, is fresh off a Swedish League title with HV71. The club announced Sandberg would be headed overseas last week, but didn’t divulge what team had signed him.

It wasn’t surprising NHL clubs had interest. Sandberg had a good offensive campaign in Sweden, scoring 25 points in 52 regular season games, then broke out for six goals and 14 points in 16 playoff contests.

Prior to this year, Sandberg twice represented Sweden at the World Juniors, including the 2013 tournament where the country won silver. He finished with two goals in six games playing alongside the likes of Filip Forsberg, Viktor Arvidsson, Elias Lindholm and Victor Rask.

As for Simek, he inked a one-year deal.

“Radim is a quick transition defenseman who drives the play offensively and plays with a physical edge,” said Wilson. “We like his offensive instincts especially on special teams and think his game will translate well in North America.”

Simek just finished representing his native Czech Republic at the World Hockey Championship, where he had two points in eight games.

According to a report from Radio Praha, the Sharks beat out the Rangers to acquire Simek. Passed over in his draft year, the 24-year-old has spent his entire pro career with Liberec Bili Tygri.

As mentioned above, Wilson has done well finding European skaters in their early-to-mid-20s, ones that can contribute right away at the NHL level: Melker Karlsson, Joonas Donskoi and Marcus Sorensen, most specifically.

The hope now is that Simek and Sandberg will continue that trend.

Avs dismiss three from coaching staff, but Bednar remains

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Colorado GM Joe Sakic said there would be turnover this offseason, but that head coach Jared Bednar was safe.

On Tuesday, Sakic followed through.

The Avs have parted ways with two of Bednar’s assistants — Tim Army and Dave Farrish — and also relieved goalie coach Francois Allaire of his duties.

Army, 54, has been with the club for the last six years, having previously served as the head coach at Providence. He served under three different head coaches in Colorado — Bednar, Patrick Roy and Joe Sacco — and was largely tasked with running the team’s power play (which finished 30th in the NHL this year).

Farrish, 60, just wrapped his second year on the job with the Avs after coming over from Toronto. A veteran of nearly 30 years in coaching, Farrish was brought aboard by Roy, and brought “a wealth of experience and hockey knowledge to our organization.” A journeyman blueliner who playecd 430 games at the NHL level, Farrish ran the club’s defense last season.

Allaire, 57, has been coaching goalies at the NHL level for over 25 years, with previous stops in Montreal, Anaheim and Toronto. His ties to Roy ran deep — he mentored the former Avs coach with the Canadiens, and the pair won two Stanley Cups together (in 1986 and ’93). Allaire has been with the Avs for the last four years, on the heels of an acrimonious departure from Toronto.

Today’s shakeup is a significant one, but it didn’t come out of nowhere. Bednar was essentially forced into retaining all of Roy’s staff following the latter’s shock resignation last August, and probably wants to bring in some of his own guys.

Sakic, meanwhile, had to make some sort of changes after the worst regular season in franchise history — and today’s could just be the tip of the iceberg.

Related: Avs president gives Sakic vote of confidence