Johan Franzen signs extension, 11 years

[swiss_fan 3]

If he's worth $5.5 million to another team, and he knows it, but signs here for $3.9 million, then we still got him at a discount. Let's try not to be so spoiled as fans as to expect discounts on top of discounts.

As i said you mix the notion of cap hit and salary. If Holland did a such deal, it s because he had reasons to think that Franzen won t play until the end of his contract and retire before. (main reason: his age..)

So there are good chances he won t play and won t be paid for the last(s) years of his contract. But for sure he will be paid for the 7 next years more than 5 mil. So i ask again: where is the discount?

I could say it differently: ok sources says on the open market he is worth 5.5 mil. But for how many years? for a 3 years contract? Do someone really think he would have received a 5.5 million for 7 friggings years?

This deal is very surprising from KH...

Edited April 12, 2009 by swiss_fan

[LIDDYGIBBY5 1]

Franzen making 2/3 of what Hank is making seems to fall in line. So many people talk about how this team needs a tought power forward. When Holland locks one up people complain about the price. Johan could have signed a five year deal worth $5M plus on the UFA market, but decided to sign here for less. Piss and moan, piss and moan!

[swiss_fan 3]

Franzen making 2/3 of what Hank is making seems to fall in line. So many people talk about how this team needs a tought power forward. When Holland locks one up people complain about the price. Johan could have signed a five year deal worth $5M plus on the UFA market, but decided to sign here for less. Piss and moan, piss and moan!

exactly not!! he signed a 11 year deal, being paid for the first seven years more than 5mil!!!!!

then the decreased value for the followings years is just normal and also a big risk for the organization.

Edited April 12, 2009 by swiss_fan

[uk_redwing 495]

Like the Maltby and Draper contracts, this is gonna come back and bite us in the ass.

[hokike 1]

exactly not!! he signed a 11 year deal, being paid for the first seven years more than 5mil!!!!!

then the decreased value for the followings years is just normal and also a big risk for the organization.

Holland knows what every GM knows: 40 goal scorers( reg season) don't grow on trees.Lock him when it is possible . It may be once in a lifetime chance.

[Jocke 53]

Holland knows what every GM knows: 40 goal scorers( reg season) don't grow on trees.Lock him when it is possible . It may be once in a lifetime chance.

That

[MacK_Attack 108]

And you know that how? Nobody knows what the cap is going to do. Anybody that says that it is going to drop that dramatically is just guessing.

It's not exactly a secret.

Plus, the NHL has repeatedly warned teams that there is a significant cap drop coming in 2010/11.

[Rice 42]

Like the Maltby and Draper contracts, this is gonna come back and bite us in the ass.

Big deal. Let's win 2-3-4 more Cups with the best core in the NHL, then we'll worry about it "biting us in the ass" in 10 years.

[Z and D for the C 712]

As i said you mix the notion of cap hit and salary. If Holland did a such deal, it s because he had reasons to think that Franzen won t play until the end of his contract and retire before. (main reason: his age..)

So there are good chances he won t play and won t be paid for the last(s) years of his contract. But for sure he will be paid for the 7 next years more than 5 mil. So i ask again: where is the discount?

I could say it differently: ok sources says on the open market he is worth 5.5 mil. But for how many years? for a 3 years contract? Do someone really think he would have received a 5.5 million for 7 friggings years?

This deal is very surprising from KH...

Discounts are for the cap hit, not the total payout. Players give discounts to help the team sign other plays and fit under the cap, it's not like a charity thing.

[beepbeep 3]

As i said you mix the notion of cap hit and salary. If Holland did a such deal, it s because he had reasons to think that Franzen won t play until the end of his contract and retire before. (main reason: his age..)

So there are good chances he won t play and won t be paid for the last(s) years of his contract. But for sure he will be paid for the 7 next years more than 5 mil. So i ask again: where is the discount?

I could say it differently: ok sources says on the open market he is worth 5.5 mil. But for how many years? for a 3 years contract? Do someone really think he would have received a 5.5 million for 7 friggings years?

This deal is very surprising from KH...

You could say the same thing about Zetterberg's contract........Where is the discount? Neither one will play the full length of their contract so there really wasn't much of a discount, if any......... Just messing with a loophole like all rich people manage to do.............They should be BLUSHING about saying they would play for less to stay a Wing!!!

[JPT 26]

I hate when people throw around the word discount here like Franzen isn't making as much money as he would elsewhere. Structuring the contract so the cap hit is manageable is important to keeping the team intact but should Franzen decide to play well into his late 30's when his production will decline this deal will be a drag on the team. I don't disagree with the deal but there is a downside.

This deal is a huge win for Franzen. Big money(he deserved the payday) and security through the NTC and a lengthy deal. Wings take a risk on the contract to keep the team intact as much as possible. But NO DISCOUNT.

[Datsyerberger 279]

Well, I had hoped for less, but I can't really find anything to complain about here. Could have easily been paid 5 mil or so to play on Crosby or Malkin's wing the next 5 years..

[beepbeep 3]

Well, I had hoped for less, but I can't really find anything to complain about here. Could have easily been paid 5 mil or so to play on Crosby or Malkin's wing the next 5 years..

So he gets 5.25M to on Z or Datsyuk's wing for the next 5 yrs. where's the big discount????????????

[sibiriak 84]

Well, I've crunched some numbers (data from NHL numbers).

Assuming that the cap is at $58 mil. next year, the cap number for the Wings, carrying 12 F, 8 D, and 2 G (all current regulars + Osgood, Howard at current cap numbers, less Hossa) is $55.164 mil. That leaves $4.846 mil. in cap space.

Even if Hossa is signed at ridiculously low $5.5 mil./yr (cap hit), the Wings will be 0.654 over the cap.

That means a regular roster player (likely a forward) must be gone. Taking into account the cap hit of a replacement plus some necessary cap space for injuries/call ups, the salary of a departing player must be at least $2 mil. There are only 3 forwards who fit this number: Holmstrom (2.25), Filppula (3.00), Cleary (2.80).

So if Hossa is signed, one of those players must be traded. The rest of the forwards make too little. so trading them won't provide nearly enough cap relief.

Realistically, Cleary is the one that should go (value relative to cap hit), Filppula if a good deal can be found.

Since teams rarely carry only 23 players on their roster, and Hossa is rumoured to be looking for a contract around $6 mil (cap hit), signing him would likely mean the need to trade both Cleary and Filppula (again, the rest of the regular forwards don't make enough to free much cap space, even if you trade and replace them with AHL palyers).

Therefore, I reluctantly come to the conclusion, that if sighinhg Hossa would mean losing both Filppula and Cleary, the Wings shouldn't sign him.

Mr. Holland, please prove me wrong!

[Ms_Hockey 0]

So if Hossa is signed, one of those players must be traded. The rest of the forwards make too little. so trading them won't provide nearly enough cap relief.

Realistically, Cleary is the one that should go (value relative to cap hit), Filppula if a good deal can be found.

Since teams rarely carry only 23 players on their roster, and Hossa is rumoured to be looking for a contract around $6 mil (cap hit), signing him would likely mean the need to trade both Cleary and Filppula (again, the rest of the regular forwards don't make enough to free much cap space, even if you trade and replace them with AHL palyers).

Therefore, I reluctantly come to the conclusion, that if sighinhg Hossa would mean losing both Filppula and Cleary, the Wings shouldn't sign him.

Mr. Holland, please prove me wrong!

I believe Cleary just signed a five year extension with the Wings, didn't he? He also has a NTC that he'd have to waive.

I think, anyway. I'm no good at this contract stuff.

[Rice 42]

So he gets 5.25M to on Z or Datsyuk's wing for the next 5 yrs. where's the big discount????????????

His cap number is only $3.9 million. There's the discount.

[robat 13]

I hope we we have enough keep Hossa and Hudler.

[beepbeep 3]

His cap number is only $3.9 million. There's the discount.

A 'DISCOUNT" means you play for less than you would make on the open market. Franzen, like Zetterberg will never play the full term of their contract. The first 7 years of Franzen's contract pays him 36M which is a little over 5M per year. That is not a discount it's working the loophole in the CBA........If you think he will play longer than that your dreaming..........

[vangvace 12]

So he gets 5.25M to on Z or Datsyuk's wing for the next 5 yrs. where's the big discount????????????

A 'DISCOUNT" means you play for less than you would make on the open market. Franzen, like Zetterberg will never play the full term of their contract. The first 7 years of Franzen's contract pays him 36M which is a little over 5M per year. That is not a discount it's working the loophole in the CBA........If you think he will play longer than that your dreaming..........

That loophole is the hometown discount in today's NHL. Frazen stays a Red Wing and Detroit will pay him market value now and below market value at the end of his career.

[SouthernWingsFan 854]

Fox Sports article not completely liking the Franzen signing - big sticking point obviously is length.

http://msn.foxsports.com/nhl/story/9444898...1-year-contract?

[beepbeep 3]

That loophole is the hometown discount in today's NHL. Frazen stays a Red Wing and Detroit will pay him market value now and below market value at the end of his career.

Since you seem to know what the length of his career will be and his market value at that time, how bout giving me the power ball numbers for the next drawing???????????

[vangvace 12]

Since you seem to know what the length of his career will be and his market value at that time, how bout giving me the power ball numbers for the next drawing???????????

[Guest Shoreline]

Both sides in the last page's debate are right. Franzen IS taking a hometown discount, and yes, the Wings ARE exploiting a loophole that will in all likelihood be, as iterated numerous times, fixed at the next CBA.

No matter what, it's win/win. Wings get Franzen at a lesser cap hit, his NTC is gone after slightly under half a dozen seasons, and there's no cap hit (from what I've read) if he retires early. Everybody wins. Now, if there's any whiners about this may they incur a forum-like wrath.

Edited April 13, 2009 by Shoreline

[hokike 1]

I can safely guess that nobody in Red Wings brass expects neither Zetterberg or Franzen to play more that 7-8 yrs at maxinum.

during that time both get their full paychecks but at the same time cap hits are considerably lower.

Discount comes from the possibility that both players due to retireing leave 4 or 5 years money (not big anymore, but still) on the table: THAT is this much argued discount.

Retirement at "appropriate" time may be a sort of gentlemens deal between the organization and players.

Edited April 13, 2009 by hokike

[Opie 308]

I wouldn't be surprised if the NHL makes some kind of provision to close the loophole at the next opportunity. The "he can possibly retire before the end of the deal" loophole that is

I said the same thing in another thread, the Burke's of the NHL will not be happy! But then again I Could give 2 s***s about any other teams feelings about this!

Lets go Wings

Ken Holland Best GM in sports, tell why he isn't!