Are ultra long-term contracts a blessing or curse for the teams that issue them?

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Since the salary cap era started, teams have been becoming more and more open to signing players to extremely long-term (basically lifetime) contracts in an effort to provide themselves with cost certainty. It also allows them to give players the type of money they want now, while keeping the overall cap hit low by frontloading the deal. In turn, players get the security that a long-term deal provides.

It seems like a win-win scenario, but of course it’s not that simple.

The NHL owner’s initial CBA proposal sought to limit contracts to five-years in length, but even if these types of ultra long-term deals are still an option next season, should GMs be interested in signing players to them?

To get a better idea of the potential pros and cons, let’s take a look at the five longest active deals that have been in effect for at least three full seasons.

Rick DiPietro (New York Islanders – 15 years, $67,500,000) — Obviously, this deal perfectly sums up the risks involved. The deal began in the 2006-07 campaign and at this point a $4.5 million cap hit is pretty low for an all-star caliber goaltender.

The problem, of course, is that DiPietro is not an all-star caliber goaltender. He’s been plagued by injuries over the last four seasons and hasn’t even been that good during the brief periods where he’s been healthy.

At this point, he’s the Islanders backup goaltender and someone who probably wouldn’t be able to find a one-way contract as an unrestricted free agent. All the same, the Islanders have made a commitment to him that lasts through the 2020-21 campaign.

Alex Ovechkin (Washington Capitals – 13 years, $124,000,000) — Going into this deal, Ovechkin looked like about as safe a bet as you could get. Sure, his $9,538,462 cap hit was excessive for the time and is still the biggest in the NHL, but could you blame Washington for locking up a man that promised to be one of the greatest goal scorers of his generation?

To an extent, yes. It doesn’t matter who the player is, assuming that he’ll be among the league’s elite for the next 13 years is a big gamble. It hasn’t exactly blown up in Washington’s face, but Ovechkin’s 38-goal, 65-point 2011-12 campaign certainly leaves something to be desired given his contract. Still, Ovechkin is young and over the span of his career, last season might prove to be the low point.

Henrik Zetterberg (Detroit Red Wings – 12 years, $73,000,000) — Zetterberg’s deal has fared better than most. His $6,083,333 cap hit is looking increasingly favorable given how much the market have risen in recent years. His offensive output did decline a bit in 2011-12, but he remained the team’s point scoring leader.

Mike Richards (Philadelphia Flyers/Los Angeles Kings – 12 years, $69,000,000) — This one is a bit harder to judge. The Philadelphia Flyers eventually decided to go in a different direction, but, in part due to his reasonable $5,750,000 annual cap hit, they were able to trade away his contract for a pretty nice haul.

He then went on to record just 44 points in 74 games in his first season with the Los Angeles Kings, but he stepped up in the playoffs and helped them win the Stanley Cup. His deal certainly can’t be called a failure, but it remains to be seen if he’ll be able to build off of his strong playoff run and have a more productive all-around season in 2012-13.

Marian Hossa (Chicago Blackhawks – 12 years, $63,300,000) — For the most part, this contract has worked out fine so far. Hossa helped the Blackhawks win the Stanley Cup and it’s hard to argue with that. His $5,275,000 cap hit is also pretty friendly and has made the deal justifiable even though he’s missed a decent amount of playing time due to injuries.

With Hossa, even after three seasons under the deal, the jury is still out. He’s already 33 and he’s signed through 2020-21. It might not be too long before his contract starts to look like a drag on the team.

In a way, Hossa’s deal encompasses the risks that we still can’t fully explore. Seeing as these types of deals gained popularity with the new (soon to be old) CBA, we haven’t gotten to see these deals play out through to their conclusion. However, we can already clearly see examples of the big risks these contracts come with.

Dumoulin agrees to six-year contract with Penguins

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Brian Dumoulin won’t need his arbitration hearing today.

The Pittsburgh Penguins announced this morning that the 25-year-old defenseman has agreed to terms on a six-year contract with a $4.1 million cap hit.

From the press release:

Dumoulin, 25, has been a key component to the Penguins’ back-to-back Stanley Cup championships, as he played in all 49 playoff games in that span, and recorded 14 points (3G-11A). In the 2017 playoffs, Dumoulin had an average ice time of 21:59 minutes, the most of any Penguins skater, and his plus-9 paced all team defenders. He assisted on Carl Hagelin‘s empty-net goal that sealed the 2-0 victory in the decisive Game 6 of the Cup Final against Nashville. 

Dumoulin is coming off of a contract that paid him just $800,000 in each of the past two seasons.

With Dumoulin signed, Pittsburgh now has five defenseman under contract for at least the next three seasons, the other four being Kris Letang, Justin Schultz, Olli Maatta, and Matt Hunwick.

The Pens still have one more arbitration case in forward Conor Sheary. His hearing is scheduled for Aug. 4.

Related: Without Letang, the ‘simple bunch’ gets it done for Penguins

Sens ink veteran defenseman Johnny Oduya to one-year deal

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The Ottawa Senators have added some depth to their blue line, as they’ve signed Johnny Oduya to a one-year deal that comes with a base salary of $1 million.

Interestingly enough, Oduya can earn another $1.25 million in performance bonuses (games played, time -on-ice, playoff bonuses), per the Sens’ Twitter account.

The 35-year-old started last season with the Dallas Stars, but he was traded back to the Chicago Blackhawks on Feb. 28.

Oduya finished the 2016-17 season with two goals, seven assists and a minus-4 rating in 52 games. He also played in all four the Blackhawks’ playoff games (he had no points and a minus-3 rating in the postseason).

The Senators lost defenseman Marc Methot to the Vegas Golden Knights in the expansion draft, and they didn’t replace him with a free-agent signing until now.

As of right now, Ottawa has Erik Karlsson, Dion Phaneuf, Cody Ceci, Mark Borowiecki, Chris Wideman, Fredrik Claesson and Oduya on the back end (only Phaneuf and Karlsson are under contract beyond 2017-18). Top prospect Thomas Chabot could also make the team with a solid training camp.

Jets sign Connor Hellebuyck to one-year, $2.25 million deal

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The Winnipeg Jets took care of some important business on Monday morning, as they re-signed goalie Connor Hellebuyck to a one-year, $2.25 million contract.

The two sides were scheduled to have an arbitration hearing on Aug. 1, but as expected, they were able to hammer out  a deal before reaching that point.

After being selected in the fifth round of the 2012 draft, Hellebuyck quickly became one of the best prospects in the Jets’ system.

The 24-year-old made his NHL debut in 2015-16. He posted 13-11-1 record with a 2.34 goals-against-average and a .918 save percentage. In 2016-17, he appeared in 56 games and finished with a 26-19-4 record, a 2.89 goals-against-average and a .907 save percentage.

Even though Hellebuyck will be back next season, the Jets will have a different look between the pipes. On July 1st, they inked Steve Mason to a two-year contract worth $8.2 million.

As has been the case over the last couple of seasons, Winnipeg will continue to have a crowded crease. On top of having Mason and Hellbuyck under contract, Michael Hutchinson still has one year left on his deal at $1.15 million.

It’ll be interesting to see how head coach Paul Maurice divides starts between Hellebuyck and Mason (assuming both are completely healthy).

Mason played in 58 games with the Flyers last season and he’s making almost double what Hellebuyck is making for now.

PHT Morning Skate: Should the Flyers be worried about Claude Giroux?

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–Penguins defenseman Kris Letang had his day with the Stanley Cup, and he decided to bring it to a children’s hospital in the Montreal area. Even though he missed the playoffs with an injury, the hospital visit put things in perspective for him. (Canadian Press)

Jordan Eberle may not be a member of the Edmonton Oilers anymore, but that didn’t stop him from having a good time at his wedding with some of his old teammates. Country music star Brett Kissel also made an appearance during Eberle’s big night. (Sportsnet)

–Flyers center Claude Giroux has seen his production decrease over the last three seasons, and CSN Philly is wondering if it’s time to worry about the captain. Some of the CSN Philly writers are a little more optimistic about his odds of bouncing back than others. (CSN Philly)

–The Montreal Canadiens want fans to stop using printed tickets, so they’ve decided to charge season-ticket holders a $150 plus taxes fee to have a ticket booklet sent to them. Obviously, some fans aren’t thrilled about the additional charge for “hard” tickets. “They don’t think about this stuff. And if you read the letter, you’ll see that they just jammed it at the bottom of the letter with this nice little surprise. (Montreal Gazette)

–CSN New England’s Joe Haggerty looks at which available free agents would be the best fit for the Boston Bruins. Haggerty believes that taking a chance on Eric Gelinas could be worth the risk, but he also feels like a reunion with Jarome Iginla or Jaromir Jagr could make some sense. (CSN New England)

–The Chicago Blackhawks held a press conference on Saturday, but there was a catch. Only children were allowed to ask questions to players like Patrick Kane, Connor Murphy and Nick Schmaltz. Questions ranged from “How do you feel with the other team on the ice?” to “What is the best prank you did on a player?” Cute stuff. (Chicago Tribune)