Official: Hasek signs 1-year deal

[NeverForgetMac25 483]

With bonuses, the deal can grow to over $4 million. I'm assuming (or hoping) based on how far the Wings go in the playoffs is a big chunk of it.

Would that count against this year's cap, or next?

Either one. If the Wings have cap room left over at the end of the season all that would be applied to cover any pending bonuses. If there are still bonuses pending above and beyond the cap, they would come off next years cap.

[dteowner 20]

Don't think so. If that were true, Yzerman's $400k bonus wouldn't have rolled into this past season.

[NeverForgetMac25 483]

Don't think so. If that were true, Yzerman's $400k bonus wouldn't have rolled into this past season.

I'm checking the validity of this in CBA. It may take a moment.

[OsGOD 3]

Excellent the epic signing of 2007.....4 weeks in the making...

THANK GOD that WAIT IS OVER!

Edited July 6, 2007 by OsGOD

[StevieY9802 6]

I'm checking the validity of this in CBA. It may take a moment.

I tried looking myself. That thing is not easy to read at all.

[NeverForgetMac25 483]

Section 50.2(b)(i)(A):

For these purposes, "Deferred Bonuses" means any

Bonuses that are earned during the term of an SPC during

which the services attributable to those Bonuses are

performed, but are not paid until after the expiration of

such SPC. By definition, Deferred Bonuses that are earned

during the term of an SPC may not be paid until after the

expiration of such SPC. For purposes of calculating a

Club's Upper Limit and Lower Limit, as well as the Players'

Share, Deferred Bonuses shall be counted as Bonuses in the

League Year in which the Player performs the services for

which they are earned, at their present value at 1-Year

LIBOR plus one and one-quarter (1.25) percent of the

Deferred Bonuses (unless the Deferred Bonuses are to be

paid with interest, in which case they shall be counted in

the League Year in which the Player performs the services

for which they can be earned, at the stated cash amount of

the Deferred Bonuses). Bonuses denominated as

"Deferred" but payable within the term of the SPC shall not

be permitted.

[Offsides 21]

I wonder what took so damn long?

Edited July 6, 2007 by Offsides

[Dominator2005 558]

Section 50.2(b)(i)(A):

For these purposes, "Deferred Bonuses" means any

Bonuses that are earned during the term of an SPC during

which the services attributable to those Bonuses are

performed, but are not paid until after the expiration of

such SPC. By definition, Deferred Bonuses that are earned

during the term of an SPC may not be paid until after the

expiration of such SPC. For purposes of calculating a

Club's Upper Limit and Lower Limit, as well as the Players'

Share, Deferred Bonuses shall be counted as Bonuses in the

League Year in which the Player performs the services for

which they are earned, at their present value at 1-Year

LIBOR plus one and one-quarter (1.25) percent of the

Deferred Bonuses (unless the Deferred Bonuses are to be

paid with interest, in which case they shall be counted in

the League Year in which the Player performs the services

for which they can be earned, at the stated cash amount of

the Deferred Bonuses). Bonuses denominated as

"Deferred" but payable within the term of the SPC shall not

be permitted.

Thank you for this INFO.

[NeverForgetMac25 483]

Booyah! This one better illustrates my point.

Section 50.5(h)(iii)

At the conclusion of each League Year, the amount of

Performance Bonuses actually earned, including, without

limitation, and for purposes of clarity, (i) Exhibit 5 Individual "A"

Performance Bonuses and "B" Performance Bonuses paid by the

Club that may be earned by Players in the Entry Level System and

(ii) Performance Bonuses that may be earned by Players pursuant

to Section 50.2(b)(i) above, shall be determined and shall be

charged against the Club's Upper Limit and Averaged Club Salary

for such League Year. To the extent a Club's Averaged Club

Salary exceeds its Upper Limit as a result of: (i) Exhibit 5

Individual "A" Performance Bonuses and "B" Performance

Bonuses paid by the Club that may be earned by Players in the

Entry Level System and (ii) Performance Bonuses that may be

earned by Players pursuant to Section 50.2(b)(i) above, then the

Club's Upper Limit for the next League Year shall be reduced by

an amount equal to such excess.

Edited July 6, 2007 by Never Forget Mac #25

[puckloo39 5,686]

I wonder what took so damn long?

one reason

apparently, communications was one reason, Dom in CZ and the Wings in the US.

The other reason (I don't blame you for not reading through pages of posts where it's been discussed) was that Winter wanted to negotiate a higher salary for Dom than Dom himself would accept ($5M). Dom said he would take more like $2M to leave money for the Wings to improve other areas of the team.

Take that for what it's worth, although I don't have any trouble believing he took one for the team salary-wise. It's not like there's no precedent for it, with the $750K rookie salary last season, and his returning/refusing $3M when he was injured.

[Dominator2005 558]

one reason

apparently, communications was one reason, Dom in CZ and the Wings in the US.

The other reason (I don't blame you for not reading through pages of posts where it's been discussed) was that Winter wanted to negotiate a higher salary for Dom than Dom himself would accept ($5M). Dom said he would take more like $2M to leave money for the Wings to improve other areas of the team.

Take that for what it's worth, although I don't have any trouble believing he took one for the team salary-wise. It's not like there's no precedent for it, with the $750K rookie salary last season, and his returning/refusing $3M when he was injured.

Can we say that Dominik Hasek is CLASSY???

[Matt 1,049]

If the Red Wings have room under the cap Hasek's bonuses can be applied to this season. If not, they are rolled over. Previous bonuses to Hasek and Chelios rolled over to this season because they were not payable because the Wings ran right up the cap limit after acquiring Bertuzzi and Calder.

[Guest jaytan]

I was hoping we'd have the sense not to sign him, but at least it doesn't sound like he got too much cash.

[haroldsnepsts 4,826]

I was hoping we'd have the sense not to sign him, but at least it doesn't sound like he got too much cash.

this isn't an attack, but a serious question.

who would you have preferred in net for the Wings?

[dteowner 20]

Thanks for the research, NFM. The second section would actually be the relevant one for Hasek, and you were right. Still not sure what happened with Yzerman's bonus, though. I've slept a few times since then but I didn't think the Wings were completely, to the last penny, capped out 2 seasons ago. I thought all the buyouts got us a little under the limit.

[Dominator2005 558]

http://www.tsn.ca/nhl/news_story/?ID=212899&hubname=nhl

"It's a lot less than he should be making," Hasek's agent Ritch Winter said. "It's one of the few deals that I do in which the player, the club and the agent agree the player is worth $5 (million) or $6 million and we talk it down from there.

"Dom didn't want more. He's taking one for the team. It's not one of my fun deals, but Dom is happy and that's important."

[LeftWinger 5,153]

:puke:

[wingslogo19 281]

This is great news, and im glad he said that he didn't want anymore money and is taking it for the team.. Hasek is a great team player.. LETS GO WIN THE CUP FOR DOM

[NeverForgetMac25 483]

:puke:

Why about this makes you puke?

[Rice 42]

Why about this makes you puke?

Because Adam Hall would've been a better signing than Hasek, of course! Same with Guerin, even at $4.5 million a season!

In fact, LeftWinger, explain to me how you think Holland overpaid Hasek at $2 million but signing Guerin at $4.5 would've been reasonable. Please, try.

Edited July 6, 2007 by ARice89

[haroldsnepsts 4,826]

http://www.tsn.ca/nhl/news_story/?ID=212899&hubname=nhl

"It's a lot less than he should be making," Hasek's agent Ritch Winter said. "It's one of the few deals that I do in which the player, the club and the agent agree the player is worth $5 (million) or $6 million and we talk it down from there.

"Dom didn't want more. He's taking one for the team. It's not one of my fun deals, but Dom is happy and that's important."

I'm glad Dom's back and at a very good price, but let's be serious here.

Performance wise he's worth $5-6million, but overall he's not because of lingering age/health issues. At 42 with a trick groin, he's still a gamble. Not to mention if Kenny hadn't picked up the phone last season, Dom wouldn't have been playing the NHL. He's repaying the favor.

Edited July 6, 2007 by haroldsnepsts

[NeverForgetMac25 483]

Because Adam Hall would've been a better signing than Hasek, of course! Same with Guerin, even at $4.5 million a season!

In fact, LeftWinger, explain to me how you think Holland overpaid Hasek at $2 million but signing Guerin at $4.5 would've been reasonable. Please, try.

:rotflmao:

[StevieY9802 6]

Because Adam Hall would've been a better signing than Hasek, of course! Same with Guerin, even at $4.5 million a season!

In fact, LeftWinger, explain to me how you think Holland overpaid Hasek at $2 million but signing Guerin at $4.5 would've been reasonable. Please, try.

You are totally right. Adam Hall is the key signing baby! 17 points in 72 games last season they should sign him right up.

But Hasek with 38 wins, 2.05 GAA and .913 Save % during the season and 1.78 gaa and .923 save % in the playoffs is over paid at $2mil.

[FUUFNF 1]

Groovy cool. $2,000,000 is more than fair given that Hasek is still a health risk even though he passed all those tests last season along with all that he's accomplished over the years. Glad to have him back in a Wings uni for his one last shot at a Cup (I am assuming ).

"groovy cool"?

[Aeothe Kaear 0]

to this deal, glad it's finally done, a healthy Hasek makes us a true contender.