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

10 Comments

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.

WATCH LIVE: Game 1 for Penguins – Capitals, Rangers – Senators

Getty
Leave a comment

It’s really happening.

For all the griping about having the Penguins and Capitals meet in the second round (again), it’s easy to forget the bright side: upsets didn’t dislodge this juicy matchup from taking place.

The West’s duo of Game 1 matchups kicked into gear last night, and now the East provides that battle between Sidney Crosby‘s squad and Alex Ovechkin‘s loaded team. Don’t sleep on Rangers – Senators, either, though; there should be plenty of intrigue in seeing superhuman Swedes Henrik Lundqvist and Erik Karlsson try to one-up each other.

Here’s what you need to know to follow the action:

New York Rangers vs. Ottawa Senators

Time: 7:00 p.m. ET

Network: CNBC (Stream online here)

Pittsburgh Penguins vs. Washington Capitals

Time: 7:30 p.m. ET

Network: NBCSN (Stream online here)

Sutter won’t retire from coaching, willing to join a rebuild

Getty
6 Comments

Given he turns 59 this summer, has won a pair of Stanley Cups and coached over 1,000 NHL games, Darryl Sutter probably could’ve called it a career after getting fired by the Kings earlier this month, and done so comfortably.

But that’s not happening.

In speaking with TSN’s Gary Lawless, Sutter said he has no plans to retire from coaching. What’s more — and, perhaps more interesting — is that Sutter said he wouldn’t limit his next job solely to a contending team.

Currently, there are just two vacant coaching gigs in Buffalo and Florida. We wrote about the Panthers’ search earlier today (more on that here). The situation in Buffalo is more complex, as the Sabres need to hire a new general manager and coach. Logic suggests the GM will be hired first, then spearhead the new bench boss hire.

In that regard, Buffalo is pretty intriguing.

Though the Kings have yet to be contacted for an interview request, ex-GM Dean Lombardi has been tied to the Sabres gig. And Lombardi, of course, is forever tied to Sutter — he was the one that hired Sutter after a five-year coaching exodus to join the Kings, and the pair went on to achieve great success together.

That five-year coaching exodus does need to be mentioned, though.

History suggests that Sutter isn’t joking when he says he’ll be picky about the situation and won’t rush to find the right fit. After being dismissed in Calgary in 2006, he returned to work on the family farm in Viking, Alberta and seemed fairly content doing so.

That said, hockey always seems to draw him back.

“The game has given us everything,” Sutter told Lawless. “We still have lots to give.”

Coyotes fire assistant coach Newell Brown

Getty
3 Comments

The Arizona Coyotes have parted ways with some personnel.

Assistant coach Newell Brown has been fired, along with Doug Soetaert, who was the general manager of their AHL affiliate in Tuscon.

Pro scouts David MacLean and Jim Roque won’t be back either. Their contracts will not be renewed.

“I’d like to thank Newell, Doug, David and Jim for their contributions to the club,” said GM John Chayka. “They are all good people but we believe these changes are necessary in order to improve our organization. We wish them the best in the future.”

A longtime NHL assistant coach, Brown is perhaps the most prominent of the four men. He joined the Coyotes in the summer of 2013 and received high praise for his work with their power play.

But Arizona’s power play slipped to 26th this past season, converting at a rate of just 16.2 percent.

As for Soetaert, he was only named GM of the Roadrunners last summer. The former NHL goalie had previously been a scout.

Plenty of seats available for tonight’s game in Ottawa

Getty
9 Comments

The Ottawa Senators say they’re still expecting a full house, but Ticketmaster’s website shows plenty of available seats for tonight’s second-round opener with the New York Rangers.

From the Ottawa Citizen:

Many of the available tickets for Thursday’s game were in the corners of the upper bowl, seats that carry a $96 price tag.

The Senators sold out all three games in the opening round of the playoffs against Boston. Game 1 drew a crowd of 18,702, while 18,629 showed up for Game 2 and 19,209 were in the seats for Game 5.

Attendance has been an issue in Ottawa — or, more specifically, suburban Kanata — all season, to the point owner Eugene Melnyk expressed great frustration with the lack of sellouts at Canadian Tire Centre.

Poor attendance also led to friction behind the scenes. At least, it sure sounded that way in the lawsuit that was filed against the team by its former chief marketing officer.

Poor attendance is why the Sens are trying to get a new downtown arena built. They believe that a more central location is the key to bigger crowds.

But regardless of the arena’s location, it won’t be a good look if there are empty seats tonight. This is the playoffs, and the Senators are one of eight remaining teams in the hunt for the Stanley Cup. The building should be full.

Related: Melnyk thinks Sens can make deep playoff run