Agent: Insuring Crosby contract could cost up to $400,000 — per month

6 Comments

If Sidney Crosby wants to play overseas during the lockout, it’s going to take a lot of cash.

According to agent Pat Brisson (who appeared on Sportsnet’s Fan590 Wednesday afternoon), the amount of money to insure Crosby’s contract with the Pittsburgh Penguins could be staggering — up to $400,000 per month.

Oh, and Brisson says that’s only to cover part of the deal.

Crosby inked a 12-year, $104.4 million extension with the Penguins at the end of June, the largest payout in franchise history. The deal was huge, but became even larger in scope given Crosby’s concussion history and the fact he’s missed 101 games over the last two seasons.

Of course, discussions about insuring Crosby’s contract are nothing new.

Back in early June, CBC’s Elliotte Friedman wrote a piece about how “highly unlikely” it was that any deal would be insured against concussions, and the ramifications and risk involved:

Talking to five NHL executives, I asked each one the same question: “If you said to your owner, ‘I’ve completed a 10-year, $90-million deal with Sidney Crosby, but we can’t insure it,’ what would he say?”

All of them thought about it for a couple of seconds and then said some variation of, “He’d do it.” Although, the assistant added: “I’d like to see you ask an owner this question.” I’m working on it.

“He’s [Crosby],” said one GM. “You know, it’s a risk, but it’s a risk you take. I’m sure his injuries are a sensitive subject, but the Penguins have the medical reports. They know him better than anyone else.”

Noted a second GM: “If you don’t do it, someone else is going to.”

Added a third GM: “If you sign him to this deal and he gets hurt in two years, you’re going to look stupid. But if you don’t, he plays the next 10 years like he can and goes down as one of the best ever, you’re going to look even more stupid.”

So, questions:

— Would Crosby be willing to cover part of his insurance costs?

— If not, would any European team be willing to buck up? Shelling out such an astronomical amount in insurance fees seems crazy but, at the same time, it’s Sidney Crosby.

Opportunities to get him wearing your team’s sweater are few and far between, and there’s no telling what his presence would do for public exposure and brand recognition (and other fancy marketing jargon, like impact awareness.)

— What happens if the lockout drags on for months and no team is willing to bite the financial bullet? The AHL isn’t an option and the rumored barnstrom/caravan leagues are probably way too risky.

Columnist: Potential new Hurricanes owner concerned with ‘revitalizing Raleigh as a hockey market’

Getty
1 Comment

The Carolina Hurricanes may have a potential new owner in Chuck Greenberg, the former CEO of the MLB Texas Rangers who also had interest in the NHL’s Dallas Stars.

A report Friday goes into further details about Greenberg’s motivation in possibly buying the Hurricanes from Peter Karmanos, who has been exploring a sale of the team for quite some time now.

Previous reports indicate the agreement between the Hurricanes and Greenberg would keep the club in Raleigh, amid ages of speculation it may be a candidate for possible relocation to markets like Seattle or Quebec City.

From the Raleigh News and Observer:

Interviews with people close to Greenberg and others who have knowledge of the proposed purchase but requested anonymity because of the sensitivity of the talks paint a picture of a front man who would be deeply concerned with the fan experience and revitalizing Raleigh as a hockey market, but lacking the money to fund the purchase himself and reliant on a group of investors to get the deal done.

If the deal goes through, at a reported price of $500 million that likely includes a large amount of assumed debt while valuing the actual franchise closer to $300 million, Greenberg would move to Raleigh with the intention of making the team work here. That’s what Hurricanes fans long afraid of a move to Quebec City or Seattle during these years of ownership uncertainty as Karmanos has had the team on the market have been hoping to hear.

The Hurricanes won the Stanley Cup in 2006 but haven’t made the playoffs since 2009. Despite their postseason drought, Carolina is building quite a depth of young talent, most notably on defense. They could take another positive step forward next season, perhaps contending for a playoff spot. In a bid to bolster their goaltending situation, the Hurricanes also acquired and then signed former Chicago No. 2 netminder Scott Darling.

Predators’ Watson asking for $1.4 million in arbitration

Getty
Leave a comment

It could be a busy couple of days for the Nashville Predators with two arbitration hearings scheduled through Monday.

The first of those two was scheduled for Saturday with restricted free agent forward Viktor Arvidsson, while Austin Watson is scheduled to have his on Monday if no deal is struck before then. On Saturday Sportsnet’s Elliotte Friedman reported that Watson and the Predators have filed their numbers for that hearing with Watson looking to make $1.4 million, and the Predators countering with an offer of $700,000.

Watson made $575,000 this past season for the Predators when he scored five goals with 12 assists in 77 games while mostly playing in a bottom-six role.

The 25-year-old Watson was a first-round pick by the Predators in 2010 and has played his entire career to this point with the organization. In parts of three seasons with the big club he has scored just nine goals in 140 games.

He played what was perhaps his best hockey with the team during the 2016-17 playoffs when he scored four goals (nearly matching his career regular season high) and added five assists during the Predators’ run to the Stanley Cup Final. All four of those goals came in the Western Conference Finals against the Anaheim Ducks, including two in their series-clinching Game 6 win. He also recorded three assists in the Stanley Cup Final.

Given the relatively small gap here this seems like a classic “meet in the middle” situation when it comes to reaching a deal for this upcoming season.

Ducks prospect Jones seems ready to make the jump to the NHL

Getty
1 Comment

The Anaheim Ducks had a chance to restock their prospect cupboard during the 2016 draft with a pair of first-round picks, selecting Max Jones with the No. 24 overall pick and Sam Steel with the No. 30 pick. Both prospects had strong seasons in 2016-17 with their junior teams — Steel recorded 131 points in 66 games with the Regina Pats of the Western Hockey League, while Jones was a point-per-game player for the OHL’s London Knights before getting his first taste of pro hockey with a nine-game look in the American Hockey League playoffs with the San Diego Gulls.

He now seems determined to make the Ducks’ roster this upcoming season.

Here is talking to Eric Stephens of the OC Register following the team’s prospect camp earlier this month.

“I don’t know if it’s about that,” Jones said at the Ducks’ prospect camp earlier this month. “I just think … I won a Memorial Cup. I think it’s time to move on and try to win a Stanley Cup. That’s kind of what my idea is.

“I want to step into the big leagues and I want to … for years and years I’ve been watching teams win that Stanley Cup and that’s all I want to do right now. Start playing and try to win a Stanley Cup.”

The problem Jones and the Ducks will face this season is that he is still not eligible to play in the American Hockey League during the regular season due to the CHL transfer agreement, which means the team has to decide whether or not to give him a look with the big club in Anaheim, or send him back to the Ontario Hockey League for a third consecutive season.

He also missed significant time this past season due to a broken arm and another suspension for crossing the line physically (this time it was 10 games for cross-checking), something he has struggled with during his junior hockey days.

Given his willingness to play the game with a physical edge and his size (6-3, 215 pounds) he certainly seems to fit the Ducks’ “heavy” style of play.

Still, the Ducks’ roster is already pretty deep and there aren’t many spots available, especially after the team just reached the Western Conference Finals this past season. For as big and talented as he is, he has still only played 112 games in the OHL over the past two seasons and hasn’t always dominated offensively. Some additional development time might not be the worst thing for him this season.

Penguins, Dumoulin seem pretty far apart with their arbitration numbers

Getty
1 Comment

The Pittsburgh Penguins have two arbitration hearings scheduled with restricted free agents (Brian Dumoulin and Conor Sheary) over the next few weeks, and on Saturday we found out some of the numbers being thrown around for one of them.

Sportsnet’s Elliotte Friedman has the arbitration numbers for Dumoulin, with the defender asking for $4.35 million, while the team is offering $1.95 million.

Obviously, that is a pretty significant gap, and probably one of the larger ones you will see in these sorts of situations. But it is also important to keep in mind that at the end of the day this is still a negotiation and both sides know they’re probably not going to get what they are hoping for.

Dumoulin has to know he is not going to get $4.35 million, while the Penguins have to know they are probably going to have to pay more than $1.95 million to get him re-signed.

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

The question is going to be how much each side has to give up.

What is going to work against Dumoulin is that he does not have the offensive numbers that are going to stand out and get him the sort of payday he asked for. His career high in points is 16 while he has scored just two goals in 163 regular season games during his career. He is a good defensive player and a solid top-four defenseman on a Stanley Cup winning team, but that lack of offensive production is going to hurt him in this sort of negotiation. Even if he were an unrestricted free agent on the open market he probably would not be able to get that sort of payday from a team. It seems impossible to think he would get that as an RFA in arbitration.

His arbitration hearing is scheduled for Monday, July 24.

Sheary is scheduled for his arbitration hearing on Aug. 4.

The Penguins are still $10.3 million under the salary cap (via CapFriendly). Dumoulin and Sheary figure to take up most of that, but they are also still in the market for a third-line center to replace Nick Bonino after he signed with the Nashville Predators in free agency.