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.

Crouse brings the ‘total package’ of size, skill and speed to Coyotes

FT. LAUDERDALE, FL - JUNE 25: Lawson Crouse attends the Top Prospects Media Opportunity at the Westin Ft. Lauderdale Beach Resort on June 25, 2015 in Sunrise, Florida.  (Photo by Bruce Bennett/Getty Images)
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Lawson Crouse has joined a talented group of young forwards in Arizona, after the Coyotes acquired the 2015 first-round pick from the Florida Panthers on Thursday.

The Coyotes had to take on the contract of injured forward Dave Bolland, but in their minds, it was worth it to get a player like Crouse, who certainly brings size up front at six-foot-four-inches tall and 212 pounds. He had 23 goals and 62 points in 49 games this season with Kingston in the OHL.

“He’s a unique guy because usually when you add a guy with the type of size he has you usually give up a little bit in skating or you give up a little bit in skill,” said general manager John Chayka, as per the Coyotes website.

“He’s a guy that you add the size and he actually enhances that for your entire group. In our opinion, it was a guy that’s rare to find, difficult to obtain. Certainly, once they become established in the league, those players are locked up well into their 30s and then you end up trying to maybe overpay for a player that has these attributes that’s not in the prime of his career.”

Crouse, who turned 19 years old in June, now joins the likes of Max Domi, Dylan Strome and Anthony Duclair as part of Arizona’s group of up-and-coming young forwards. He has familiarity with all three from playing in the OHL or for Team Canada at the world juniors.

“He can fly. He’s fast and he hits and he scores goals. You kinda get the total package,” Strome told Sportsnet.

The Las Vegas Desert Knights? Maybe . . .

LAS VEGAS, NV - JUNE 22:  New Las Vegas NHL franchise owner Bill Foley addresses the media during the Board Of Governors Press Conference prior to the 2016 NHL Awards at Encore Las Vegas on June 22, 2016 in Las Vegas, Nevada. The NHL's board of governors approved expanding to Las Vegas, making the franchise the 31st team in the league. The team will start play during the 2017-18 season and play at the newly built T-Mobile Arena.  (Photo by Bruce Bennett/Getty Images)
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There’s been another possible development in the search for a team name for the Las Vegas NHL franchise.

The Las Vegas ‘Desert Knights’ could perhaps be a thing.

Maybe.

From the Las Vegas Review-Journal:

Last week domain names were registered that might be an indicator that the NHL team scheduled to begin play in 2017 could be called the Las Vegas Desert Knights.

Last week the domains lasvegasdesertknights.com, vegasdesertknights.com and desertknightshockey.com were privately registered to Moniker Privacy Services, which is the same company that procured the domain name to NHL.com.

DetroitHockey.net first reported the new domain name Thursday morning.

Foley said via text message he had no comment regarding the process when reached by the Review-Journal.

As the Las Vegas franchise continues to hire key members for its hockey operations department, there is growing intrigue when it comes to the search for a new name.

What will this new franchise be called?

The wait continues, and there has been a lot of space dedicated to speculating and discussing the possibilities.

It’s been reported that the expansion franchise could use one of at least three ‘Hawks’-orientated names. Owner Bill Foley also said this summer that Las Vegas can’t use a ‘Knights’ nickname is Canada, because London’s OHL franchise was also named the Knights.

Stay tuned . . .

Las Vegas hires former Panthers director of player personnel Scott Luce

ST PAUL, MN - JUNE 24:  Director of scouting Scott Luce of the Florida Panthers smiles before day one of the 2011 NHL Entry Draft at Xcel Energy Center on June 24, 2011 in St Paul, Minnesota.  (Photo by Bruce Bennett/Getty Images)
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Scott Luce has gone from the Florida Panthers to the Las Vegas expansion franchise.

The new NHL organization — still searching for a team name — announced Thursday that it has hired Luce as its new director of amateur scouting.

Luce spent the last 14 years in Florida, as a scout and as director of player personnel.

Luce was let go earlier in the offseason, as the Panthers underwent massive change within their front office, with the promotion of Dale Tallon to president of hockey operations and Tom Rowe to GM, and more attention to analytics.

Report: Avalanche bring Rene Bourque in for a PTO

NEWARK, NJ - OCTOBER 27: Rene Bourque #18 of the Columbus Blue Jackets skates against the New Jersey Devils at the Prudential Center on October 27, 2015 in Newark, New Jersey.  (Photo by Bruce Bennett/Getty Images)
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After announcing the hiring of Jared Bednar as their next head coach, the Colorado Avalanche have brought in forward Rene Bourque on a professional tryout, according to James Mirtle of the Globe and Mail.

Bourque became an unrestricted free agent at the beginning of July, after his six-year contract worth a total value of $20 million expired. The annual cap hit on his previous deal was $3.333 million.

He spent last season with the Columbus Blue Jackets, scoring three goals and eight points in 49 games. He was placed on waivers at the end of February.

During the 2014-15 campaign, he spent time with the Montreal Canadiens, Anaheim Ducks and the Blue Jackets, before a back injury sidelined him for the remainder of that season.