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.

Video: Crosby to Dan Patrick – Subban fight ‘wasn’t as bad as it looked’

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Listerine, the 2017 Stanley Cup Final, and a growing rivalry. Sidney Crosby and P.K. Subban battled it out at the highest level not so long ago, but some of that action looked worse than it actually was.

At least, that’s the message Crosby sent on “The Dan Patrick Show,” as you can enjoy in the clip above.

As a bonus, Crosby also discussed his favorite Stanley Cup traditions – hey, there can be traditions when something happens three times – and how Mario Lemieux inspires some especially creative ideas:

Rebuild on hold? Red Wings reportedly eye Girardi, Hainsey, Daley

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For the first time in ages, the Detroit Red Wings missed the playoffs. To some, the sliver lining was that this might send a message to management to truly commit to a rebuild.

Perhaps GM Ken Holland & Co. aren’t quite ready for that.

Look, one or even a couple of potential free agent signings won’t disqualify the Red Wings from going younger. Still, the rumored defensemen they’re targeting aren’t exactly spring chickens.

Three names floating out there are Trevor Daley, Dan Girardi, and Ron Hainsey.

Daley was mentioned by The Athletic’s Craig Custance, MLive.com’s Ansar Khan, and the Detroit Free-Press’ Helene St. James. Khan and Custance both mention Hainsey and Girardi, too.

Even in one-case mentions, the “veteran” theme continues, with Brian Campbell‘s name coming up while forward Thomas Vanek seems like at least a remote possibility to return to Detroit.

Let’s look at the ages of the defensemen mentioned, noting that Daley is older than some might have expected.

Daley – 33
Girardi – 33
Hainsey – 36
Campbell – 38

In the case of Daley and Girardi, you could also argue that each blueliner also has a lot of “mileage” for their age. Girardi, in particular, plays the sort of grinding, shot-blocking style that might have accelerated his troubles with the Rangers.

As great as experience might be, even for a “final push,” this sends a troubling signal. In Mike Green (31), Jonathan Ericsson (33), and Niklas Kronwall (36), the Red Wings already have an aging group of defensemen. Kronwall and Ericsson are dealing with injuries that may hinder them for the remainder of their careers, too.

When you also note that Holland exposed 25-year-old goalie Petr Mrazek instead of 33-year-old Jimmy Howard, the picture isn’t especially pretty.

Maybe the Red Wings can have their cake (push for a playoff rebound) and eat it too (start to transition to youth), yet it’s not necessarily the aggressive move toward a rebuild that many likely hoped to see.

At least there’s time for Holland to prove these early worries wrong.

Note: In other Red Wings news, the team signed Ben Street to a one-year extension.

Blue Jackets sign Schroeder after trading for him

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Not long after acquiring him in a minor trade from the Minnesota Wild, the Columbus Blue Jackets signed Jordan Schroeder to a two-year contract.

The team confirms that it is a two-way deal for 2017-18 and then becomes one-way in 2018-19.

Schroeder is guaranteed $350K for the first year of that contract and then $650K in 2018-19, according to the Columbus Dispatch’s Aaron Portzline.

The 22nd pick of the 2009 NHL Draft receives a fitting contract: he’s been a “tweener,” bouncing around the NHL and AHL. He hasn’t been able to make much of an impact, Schroeder at least provides some organizational depth.

That could come in handy, as Portzline indicates that Sam Gagner – not so surprisingly – is expected to garner a lot more attention this time around in free agency. Perhaps Schroeder could serve as insurance for Gagner?

NCAA star Spencer Foo chooses the Flames

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NCAA standout forward Spencer Foo decided to sign with the Calgary Flames, as The Sports Corporation and team confirmed. The signing might not be official until free agency kicks off on Saturday, July 1, but he apparently made his decision.

After managing 25 points in each of his first two seasons with Union College, Foo exploded in 2016-17, racking up 26 goals and 62 points. You can see some of his highlights in the video above.

He didn’t go drafted, so this could be a case of another scorer blossoming late.

Foo is an Edmonton native, so playing close to home in Calgary likely factored into his decision. He was connected to the Edmonton Oilers in earlier rumors while MLive.com’s Ansar Khan indicates that his final choice came down to the Flames or the Detroit Red Wings.

Calgary is already classifying him as a RW. Perhaps he’ll be that long-desired fit for Johnny Gaudreau and Sean Monahan? There’s another positive aspect for the Flames, as this might help to soften the blow of giving up a bundle of assets in the Travis Hamonic deal.

The Sports Corporation tweeted out a photo of Foo, 23, in a Flames jersey: