“Everybody in this room knows what Mark means. On the ice, we all know. He’s a culture-setter for me. We plan to get to work at it [contract extension] and have done some preliminary work at it, but it’s one we want to get wrapped up real quick this summer.”
That was Flames GM Brad Treliving on May 12, shortly after Calgary was bounced from the playoffs by Anaheim.
At the time, optimism was high. The Flames had made the playoffs for the first time in five years, won a series for the first time in 11 years, witnessed a slew of young talents playing big roles and, perhaps most impressively, did it all despite losing Giordano — their captain, leader and best player — to a season-ending biceps tear in late February.
But much has changed since May 12.
For one, there was Giordano’s initial ask. Per TSN, the 31-year-old — heading into the last of a five-year deal with a $4.02M cap hit — opened at around $9 million per year. Yes, this is how most negotiations start and yes, that number will eventually be lower. But it’s still an eye-popping figure in a vitally important negotiation.
Remember, Calgary’s already spent some fairly big coin this summer. Treliving made Dougie Hamilton the team’s highest-paid player (in terms of cap hit, anyway) with a six-year, $34.5 million deal, then made Michael Frolik the club’s highest-paid forward with a five-year, $21.5 million pact.
And looking down the road, Giordano isn’t the only big contract in Treliving’s future. Sean Monahan, coming off a terrific 31-goal campaign, and Calder finalist Johnny Gaudreau will also need new deals after this season.
The good news for Calgary is there’s no cap crunch standing in the way of things. The Giordano extension will get done, but it’s easy to see why it hasn’t happened yet.
Let’s assume that, when the contract is signed, Giordano will surpass Hamilton as the team’s biggest earner. It would be bizarre for any Flame, let alone a d-man, to be paid more, especially since Giordano was considered to be a Norris Trophy frontrunner at the time of his injury; he still managed to finish 13th among NHL blueliners in scoring last year, with 48 points, despite missing 21 games.
So there’s that to figure out.
There’s also how much term the Flames want to give. For as good as he was last year, Giordano will be 32 by the time next season opens and is coming off a major injury, marking the third time in the last four seasons that’s happened — a torn hamstring cost him major time in ’11-12, and a broken ankle sidelined him for weeks in ’13-14.
Finally, there’s the timing. It stands to reason both Calgary and Giordano want the extension done before the season starts, to avoid the distraction it may cause when games start to matter.
At last check — in early July — Treliving said the negotiation was underway, after getting sidetracked by the Hamilton trade and free agency.
“Mark’s our captain and our leader, and we’re gonna work away at getting that done,” he said, per the Calgary Sun. “No update on the talks with Mark, other than it remains a priority for us to continue and work away at and get to a good conclusion.”