Esquire 324 Report post Posted January 28, 2009 Question: If Z is committed to the Wings as it appears, why wouldn't he sign a couple short term contracts for the same amount instead of putting the Wings on the hook for 12 years? Share this post Link to post Share on other sites
Zion 93 Report post Posted January 28, 2009 He's making less than Datsyuk (6.7) on average. I'm happy with that. Share this post Link to post Share on other sites
egroen 384 Report post Posted January 28, 2009 The cap has gone up 40% in 4 years -- even with a few level or even down years, who knows where it will be in ten years? I think this signing is great on so many levels. If they buy him out, 1/3 of the cap hit remains on your books for twice the remaining years of the contract. You must pay the player, 2/3 of his remaining contract. Share this post Link to post Share on other sites
NeverForgetMac25 483 Report post Posted January 28, 2009 Question: If Z is committed to the Wings as it appears, why wouldn't he sign a couple short term contracts for the same amount instead of putting the Wings on the hook for 12 years? Because this was a good faith contract. if Z signs a short-term deal and then has a career ending injury he and his family get royally screwed. This guarantees his financial security, but at a bargain rate since the term is as long as it is. Besides, if Z signs for only a couple years no way he chances signing for only $6 million. Share this post Link to post Share on other sites
egroen 384 Report post Posted January 28, 2009 Question: If Z is committed to the Wings as it appears, why wouldn't he sign a couple short term contracts for the same amount instead of putting the Wings on the hook for 12 years? You would prefer him taking up $9 million in cap space over the next couple years? The extra years allow the cap hit to go down. Share this post Link to post Share on other sites
NeverForgetMac25 483 Report post Posted January 28, 2009 The cap has gone up 40% in 4 years -- even with a few level or even down years, who knows where it will be in ten years? I think this signing is great on so many levels. If they buy him out, 1/3 of the cap hit remains on your books for twice the remaining years of the contract. You must pay the player, 2/3 of his remaining contract. That's right. However, don't they also have the option to do 2/3 of the cap hit over the course of remaining years of the contract, rather than 1/3 over double? Share this post Link to post Share on other sites
JPT 26 Report post Posted January 28, 2009 While I like this deal in the short term having a 6 mil a year cap hit for a 38-40 yr old Zetterberg is not ideal. But hey we are cup contenders now and Z was huge in the playoffs and hopefully will be again. What would Z have gotten on the open market? 8 mil for 10 years? Share this post Link to post Share on other sites
Guest mindfly Report post Posted January 28, 2009 You would prefer him taking up $9 million in cap space over the next couple years? The extra years allow the cap hit to go down. I think he meant 3-4years @ ~6million, gamble and hope that he wont get a career ending injury, the odds are very high that it would happend.. how many have had those... neely? bure? maybe lindros? Share this post Link to post Share on other sites
AtomicPunk 296 Report post Posted January 28, 2009 Happy to hear that it's done! Is there any language in the contract that says he has to be on a line with Dats? 12 years. WOW. We don't even know if the NHL as we know it will exist in 12 years. Share this post Link to post Share on other sites
Frozen-Man 144 Report post Posted January 28, 2009 I think this is an awesome deal for both sides and shows the true character of Z. To the few people who don't like the deal, I was wondering what deal you think would be better that both sides would have agreed to. Finally, regarding the cap hit the last few years when Z is 39 and 40, I could be wrong but I doubt that the NHL will have the same CBA and cap structure that they have now but even if they do the cap should enough higher that Z's contract won't be near as high a percentage of the cap as it is now. Share this post Link to post Share on other sites
ashenhigh 9 Report post Posted January 28, 2009 Anyone have a link to watch the press conf live online? Share this post Link to post Share on other sites
egroen 384 Report post Posted January 28, 2009 That's right. However, don't they also have the option to do 2/3 of the cap hit over the course of remaining years of the contract, rather than 1/3 over double? I am pretty sure you do not have an option. As an aside, Yashin is still on the Islanders' books because of this way of figuring it. Share this post Link to post Share on other sites
Esquire 324 Report post Posted January 28, 2009 You would prefer him taking up $9 million in cap space over the next couple years? The extra years allow the cap hit to go down. I was just curious if would have been possible to sign $6 million a season for 4-5 years, then re-sign for the same thing. I'm not exactly an expert on the cap issues but I get the "good faith" part. I just need to be shown the financial benefits of signing long term off the bat. Thanks! Share this post Link to post Share on other sites
JayUp88 1 Report post Posted January 28, 2009 woo hoo time to get a zetterberg jersey now that i know for sure its safe. Share this post Link to post Share on other sites
lets go pavel 2 Report post Posted January 28, 2009 (edited) I was just curious if would have been possible to sign $6 million a season for 4-5 years, then re-sign for the same thing. I'm not exactly an expert on the cap issues but I get the "good faith" part. I just need to be shown the financial benefits of signing long term off the bat. Thanks! Because for the first 4-5 years of this deal Z isn't getting $6 million per, it's likely closer to 7 or 8 a year, closer to his actual market value. It's the extra years tacked on to the end at @ $1 million apiece that bring the cap hit lower ... you couldn't do that on a shorter deal. Edited January 28, 2009 by lets go pavel Share this post Link to post Share on other sites
NeverForgetMac25 483 Report post Posted January 28, 2009 I am pretty sure you do not have an option. As an aside, Yashin is still on the Islanders' books because of this way of figuring it. That would make sense since the Isles are nowhere near the cap and could get his figure off their books faster the other way. Cheers Share this post Link to post Share on other sites
South Dakota wings fan 7 Report post Posted January 28, 2009 woo hoo time to get a zetterberg jersey now that i know for sure its safe. agreed Share this post Link to post Share on other sites
Winged_Wheeler 3 Report post Posted January 28, 2009 I'd keep Hudler over Flip in a second. More potential as a scorer, better puck sense. I was talking to a good friend of mine about Hudler and Filppula. We both agreed that Hudler, right now, is a better player. He can score and overall he's a tiny little fella that can really get you turned inside out. On the other hand, you have to think about why Filppula got a long term contract. Sure right now he's not scoring, but do you see him out there? He's a great passer, BUT he barely shoots. I bet Datsyuk and Zetterberg have told Filppula that you need to start shooting. Without shooting you can't score. Once and a while you'll see Filppula dangle around the defense or when the pucks in the corner he'll come out with it. Filppula is still developing and has a bright future. Remember what Zetterberg and Datsyuk did when they first entered the league, all passing and barely shooting. That's what Filppula looks like right now, an early Zetterberg and Datsyuk. Trading Filppula would be a mistake. Hudler is a great player and I give him credit for having a good season so far. As said before, he can score and he'll sometimes turn you inside out. BUT he's small. The guy is 5'9 and I worry about him sometimes when he's on the ice. Sometimes he'll cough up the puck, not often, but sometimes when he's in the corners. Personally I'd let Hudler walk if we can't do anything. Share this post Link to post Share on other sites
40#1Fan 0 Report post Posted January 28, 2009 http://blog.mlive.com/snapshots/2009/01/re...tterberg_d.html MLive.com's own Ansar Khan broke the story that Detroit Red Wings forward Henrik Zetterberg will sign a 12-year, $72 million contract extension today, and both the Detroit News's Ted Kulfan, the Windsor Star's Dave Waddell, and the Detroit Free Press's Helene St. James confirm the length and amount. St. James also discusses Zetterberg's back spasms... January 28, Detroit Free Press: Zetterberg was coy about a deal after Tuesday's 3-2 overtime loss at Columbus, saying merely that he hadn't signed anything yet. Zetterberg left the game late in the first period because a hit into the boards caused his back to tighten up. "I just tweaked my back kind of funny," Zetterberg said. "We just decided to be safe and take the rest of the night off." Zetterberg has had back spasms in previous seasons but said he hadn't experienced any pain this season. Asked if he would get X-rays today, Zetterberg said: "No, we'll just come down to the rink and see how I feel." And she discusses the press conference, which will be held at 2 PM: The Wings have more plans than that for their young star today: A release announcing the news conference was sent out immediately following the game, stating that those expected to attend included Zetterberg, Holland, team vice president Steve Yzerman and owners Mike and Marian Ilitch. Different lengths had been discussed, from 5 years to what evolved into the most lucrative contract given out in Wings history. The Wings sought a creative way to keep Zetterberg in Detroit for a long time because they see him as a cornerstone of their future and as the successor to captain Nicklas Lidstrom. The Red Wings posted that release this morning. The Red Wings' website will stream the presser online Share this post Link to post Share on other sites
egroen 384 Report post Posted January 28, 2009 I was talking to a good friend of mine about Hudler and Filppula. We both agreed that Hudler, right now, is a better player. He can score and overall he's a tiny little fella that can really get you turned inside out. On the other hand, you have to think about why Filppula got a long term contract. Sure right now he's not scoring, but do you see him out there? He's a great passer, BUT he barely shoots. I bet Datsyuk and Zetterberg have told Filppula that you need to start shooting. Without shooting you can't score. Once and a while you'll see Filppula dangle around the defense or when the pucks in the corner he'll come out with it. Filppula is still developing and has a bright future. Remember what Zetterberg and Datsyuk did when they first entered the league, all passing and barely shooting. That's what Filppula looks like right now, an early Zetterberg and Datsyuk. Trading Filppula would be a mistake. Hudler is a great player and I give him credit for having a good season so far. As said before, he can score and he'll sometimes turn you inside out. BUT he's small. The guy is 5'9 and I worry about him sometimes when he's on the ice. Sometimes he'll cough up the puck, not often, but sometimes when he's in the corners. Personally I'd let Hudler walk if we can't do anything. It was evident from the onset that Zetterberg and Datsyuk had a great shot, though you're right, they did pass first (which happens when you play with Brett Hull). Filppula, unfortunately, has stone-hands like Draper. Share this post Link to post Share on other sites
DMAC 25 18 Report post Posted January 28, 2009 Confirmed after the game. Contract extension! Now Kenny needs to get to work on Hossa! sorry dude but hossa will be gone after this season most likely unless if we release a few players Share this post Link to post Share on other sites
Esquire 324 Report post Posted January 28, 2009 Because for the first 4-5 years of this deal Z isn't getting $6 million per, it's likely closer to 7 or 8 a year, closer to his actual market value. It's the extra years tacked on to the end at @ $1 million apiece that bring the cap hit lower ... you couldn't do that on a shorter deal. Thanks for the clarification! Share this post Link to post Share on other sites
JPT 26 Report post Posted January 28, 2009 I was just curious if would have been possible to sign $6 million a season for 4-5 years, then re-sign for the same thing. I'm not exactly an expert on the cap issues but I get the "good faith" part. I just need to be shown the financial benefits of signing long term off the bat. Thanks! The financial benefit is to Zetterberg. He gets the security of a guaranteed 72 million vs. only 30 million if he signed for 6 million for 5 years. Plus he is making more money up front which is better for him. $1 today is worth more than $1 5 years from now due to inflation. The Wings benefit here is the salary cap hit. Share this post Link to post Share on other sites
Frozen-Man 144 Report post Posted January 28, 2009 The financial benefit is to Zetterberg. He gets the security of a guaranteed 72 million vs. only 30 million if he signed for 6 million for 5 years. Plus he is making more money up front which is better for him. $1 today is worth more than $1 5 years from now due to inflation. The Wings benefit here is the salary cap hit. The real value is not the inflationary aspect of having the money now but rather the time value of money. If Z gets an extra $2M in the first year of his 12 year contract (rather than getting that $2M in the last year of the contract) and invests it at 8% annually (which is not that high for that big of an investment) and does not touch it until the last year of the contract he will have $5,036,340 in the bank rather than just the $2M. That is why you are seeing so many front loaded contracts - the value of having money presently to invest or spend rather than not invest or borrow is a great asset and money producing tool for the player. Share this post Link to post Share on other sites
hokike 1 Report post Posted January 28, 2009 expect similar dealls from other GMs longterm , front loaded but "merely fillers " at the end just to reduce cap hit. And for those who wish to sign hossa and trade flippula: I understand homerism but this exceeds my tolerance. I'm polite GET REAL!!!! Nobody wants Flippula nd there is no room for Hossa. And Hossa already had before the season 90 mil offer and after this season ther will be more lucrative offers, I'm sure. AND PLEASE STOP MASTURBATING THAT MAYBE HOSSA WILL TAKE "HOMETOWN DISCOUNT". DETRIOT IS NOT "HOMETOWN" FOR HOSSA AND WILL NOT EVER BE!!!! Share this post Link to post Share on other sites
