NHL not looking into Vincent Lecavalier's 11-year contract with Tampa Bay

vinnylecavalier1.jpgWhile many players with egregiously long contracts get nervous about whether or not the NHL will come calling to see if their contract will get looked at a little closer, Vincent Lecavalier of the Tampa Bay Lightning doesn’t have to worry about anything. Damian Cristodero of the St. Petersburg Times gets the information that Lecavalier’s 11-year $85 million deal with the Lightning is A-OK according to the NHL.

Some have wondered if Vinny Lecavalier’s 11-year, $85 million contract extension should be scrutinized as well. But NHL deputy commissioner Bill Daly wrote in an e-mail Tuesday that the league has “no issue with (Lecavalier’s) contract.”

Lecavalier’s contract with Tampa Bay is one that raised more than a few eyebrows with people because it pays him $10 million a year in the first seven years of the eleven-year deal; a stunning amount to say the least and one that puts him in rare company making eight-figures a year (Roberto Luongo being the only other one). So what makes Lecavalier’s different from the others? Cristodero elaborates.

Lecavalier’s deal also is front-loaded, but the reduction in salary is not nearly as dramatic and for not nearly as long. Lecavalier, whose cap hit is $7.727 million, makes $10 million the first seven years, $8.5 million in the eighth, $4 million in the ninth, $1.5 million in the 10th and $1 million in the 11th. If he plays out the contract, he will be 39 years old when the 2019-2020 regular-season ends. Kovalchuk would be 44 if he played to the end of his deal. Not that it can’t happen, but the arbitrator noted that only six of 3,400 players during the past 20 years have played to 42.

In other words, Lecavalier’s deal, while reducing the cap hit, does not go to extremes. Lecavalier also has played one year under the deal, which means it would be more difficult for the league to revisit the circumstances. That is the problem the NHL may run into with Hossa’s 12-year, $62.8 million deal that kicked in last season, pays $7.9 million annually the first seven years, has a cap hit of $5.23 million and pays $3.5 million total the last four years.

Having already played a year with the contract is very likely to prove to be a saving grace for both Lecavalier and Hossa, and it helps that Lecavalier’s deal isn’t a complete mockery of the system. The same can’t quite be said of Hossa’s contract, but at least Vinny has Big Brother off of his back now. That said, the kind of money drop-off you see in Lecavalier’s contract from its highest peak to its lowest valley is pretty remarkable. At the contract’s peak he makes $10 million in a season, in the final year he makes just $1 million. Seeing your salary fall by $9 million over the course of four years is pretty harsh but apparently perfectly acceptable in the eyes of the league. I’m sure Ilya Kovalchuk’s agent Jay Grossman is paying very close attention to this.

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    Preds GM Poile still has work to do, with Johansen in need of a deal

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    David Poile got some work done Saturday.

    The Nashville Predators re-signed Viktor Arvidsson on the day the two sides had an arbitration hearing scheduled. The new deal? Seven years at a total of $29.75 million — an annual average value of $4.25 million for a player that just scored 31 goals while playing on the top line with Ryan Johansen and Filip Forsberg.

    The Predators made a run at the Stanley Cup last month, doing so with great goaltending from Pekka Rinne, a top-four group of defensemen that you can argue sets the standard around the league and a talented group of forwards — a number of them with age on their side.

    They didn’t win it all, but Poile was recognized for his work by claiming General Manager of the Year.

    This is likely among the reasons why.

    Roman Josi still has three years left on his deal, while Mattias Ekholm, who was a valuable and reliable top-four d-man playing alongside P.K. Subban, has five years remaining on his deal.

    With the Arvidsson contract completed, the priority is now to get Johansen — a restricted free agent — signed. At age 24, he’s Nashville’s No. 1 center coming off a 61-point season, which completed his three-year, $12 million deal.

    He was also in the midst of a terrific playoff performance before he suffered a thigh injury and postseason-ending surgery. He’s in line for a significant raise from the $4 million AAV he made on his last contract.

    The Predators have about $14.5 million remaining in cap space, per CapFriendly.

    Vegas GM doesn’t appear to be in any hurry to move extra d-men

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    The Vegas Golden Knights currently have 10 defensemen under contract — and that is without Nate Schmidt signed.

    Schmidt and the Golden Knights have an arbitration hearing scheduled for Aug. 3, so there is still plenty of time for them to negotiate a new deal for the restricted free agent blue liner without having a neutral third party decide the matter.

    Schmidt’s agent, Matt Keator, told the Las Vegas Review Journal that talks with the Golden Knights have been positive, which lends to optimism that perhaps the club and player will avoid this whole process with a deal.

    A new contract between Schmidt — left unprotected by Washington in the expansion draft — and Vegas would put the Golden Knights at 11 d-men less than two months before training camp opens.

    Granted, that number is considerably less than what Vegas had following the expansion draft, when they stockpiled 15 defensemen and eventually moved players like David Schlemko, Trevor van Riemsdyk and Marc Methot.

    While it seems more moves are likely on the back end for Vegas, general manager George McPhee doesn’t seem to be in any particular hurry right now, per the Vegas Review Journal.

    “We’re at a manageable number right now,” said McPhee. “We’re pretty close to where we want to be and we’re comfortable with the roster we have.”

    Their blue line also includes five players — Jason Garrison, Luca Sbisa, Clayton Stoner, Brayden McNabb and Deryk Engelland — that are pending unrestricted free agents at the end of next season. As far as Vegas’ defensive group is concerned, this could mean future trades during the season as other clubs, perhaps playoff bound, look to possibly add a rental late in the year.

    One thing McPhee has made clear in the past: He planned on keeping Schmidt and fellow d-man Shea Theodore (only 21 years old). Now, they just have to get Schmidt under contract.

    Related: Vegas has more ticket revenue than Boston, Philly and Pittsburgh, says Foley

    Predators sign Arvidsson to seven-year, $29.75 million deal

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    Viktor Arvidsson has cashed in on his impressive, breakout 2016-17 campaign.

    Playing in the final year of his entry-level contract — and making $640,000 in total salary, according to CapFriendly — the 5-foot-9 tall Arvidsson erupted for 31 goals and 61 points playing on the top line last season for a Nashville Predators team that eventually made its way to the Stanley Cup Final.

    The two sides had an arbitration hearing scheduled for Saturday.

    From The Tennessean:

    Viktor Arvidsson received a new contract Saturday befitting a breakout star, with the Predators signing the energetic forward to a seven-year, $29.75 million contract, Arvidsson’s agent told The Tennessean. 

    Few unheralded NHL players last season surprised more than Arvidsson. Expected to be a secondary contributor, Arvidsson erupted offensively with 31 goals and 61 points as part of Nashville’s top line, tying for the team lead in each category. 

    Update: The Predators have since confirmed the deal, which pays Arvidsson an annual average value of $4.25 million per season, through the 2023-24 season.

    Nashville’s general manager David Poile has work remaining this offseason. The Predators still have restricted free agents Ryan Johansen — another member of that vaunted top line in Nashville — and Austin Watson left to get under contract.

    Watson and the Predators have an arbitration hearing scheduled for Monday. Watson is reportedly seeking $1.4 million in arbitration.

    Flames re-sign RFA goalies Gillies and Rittich

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    The Calgary Flames have re-signed goalies Jon Gillies and David Rittich to one-year, two-way contracts, the club announced Saturday.

    Both spent the majority of last season in the American Hockey League, but did get in some game action with the big club in Calgary. The 23-year-old Gillies, the Flames’ third-round pick in the 2012 NHL Draft, played in 39 games with the Stockton Heat, posting a .910 save percentage.

    He then made his first career NHL start on April 6 against the L.A. Kings and stopped 27 of 28 shots faced for the win. He then began the playoffs as Calgary’s back-up because of an injury to Chad Johnson.

    Rittich made his debut two days later, allowing one goal on 10 shots in 20 minutes of ice time versus San Jose.

    The Flames have already taken care of their goaltending situation at the NHL level for next season, bringing in Mike Smith from Arizona and Eddie Lack from Carolina.