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Lidstrom Signs 1-Year Contract Extension


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#61 chrisdetroit

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Posted 01 June 2010 - 11:43 AM

Pronger and Keith are in the category as lidstrom, keith is 27 and will win the norris this year, he has a 5.5m caphit, pronger's caphit is 4.9m next season at age 36... It's very fair to say they are atleast equally good, probably better, and they make less than lidstrom.. therefore i can't be happy about a 6m caphit, the team wont be able to sign a third liner, at best a 850k fourth liner or something,



Both Keith and Pronger were signed to long term contracts so as to minimize the AVERAGE cap hit. Pronger's salary for next year in $7.6M, Keith will make $8M next year. Lids was signed for 1 year.

Your post is just plain wrong.

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#62 Carman

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Posted 01 June 2010 - 11:44 AM

Actually I do think the Red Wings have enough talent for a championship. Kronwall will need to take a big leap and hopefully our roster can stay healthier. Red Wings showed that they can still be dominate when healthy(key word). I really think we have better odds if we just make small editions rather then completely turning over the roster and essentially guess that Babcock can create chemistry with free agents( which doesn't usually pan out).

#63 ShanahanMan

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Posted 01 June 2010 - 11:44 AM

Chris Pronger makes 7.6 million dollars next year.
The only reason his cap hit is lower is because of length of contract.

Lidstrom cannot guarantee that he will play after next season and at his age retirement doesn't take the cap hit off...

He couldn't sign for more than the year he will play.

He will make less than Pronger.


Stand corrected, they're hits are higher than I thought.

Edited by ShanahanMan, 01 June 2010 - 11:46 AM.



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#64 Jesusberg

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Posted 01 June 2010 - 11:44 AM

Show me that clause.


Restricted Free Agents: A player set to become a restricted will become an unrestricted free agent if his current team does not make him a qualifying offer that adheres to the minimum raise policy of the CBA. The deadline to qualify all RFA's is June 29

* Qualifying Offers: A qualifying offer must include the following minimum raises:
o Previous salary < $660,000: 10% increase in salary
o Previous salary < $1,000,000: 5% increase in salary
o Previous salary > $1,000,000: Match previous season's salary

#65 GoWings1905

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Posted 01 June 2010 - 11:45 AM

They weren't even close to win against the sharks (yeah 1 goal games but they failed in the essential parts of the game) they wouldn't have a chance against the hawks, and they would have more problem against the nucks than the yotes... if you can't win against sharks, hawks, nucks.. it's a failure.


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#66 NeverForgetMac25

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Posted 01 June 2010 - 11:46 AM

Err...Drake, Samuelsson... and osgood who could stop pucks...

Don't underestimate what they did that year.

(Those two are gone, osgood won't bounce back in this final year in a wings jersey)

Howard has proved capable, Sammy was a solid role-player and not too much more and Holland is looking to add a Drake-type player to the fold. No one's underestimating what those guys did. You're just not factoring into the mix what they'll have next year to replace them.
It's amazing how much clarity comes when you care more about the Red Wings than any individual player.


"They are the best team in the world. They are a team that can just take over when they want to," Chicago's Patrick Kane said (of the Detroit Red Wings).

#67 russianswede919293

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Posted 01 June 2010 - 11:47 AM

Stand corrected, they're hits are higher than I thought.

As a fan I can understand that but it doesn't work that way in a negotiation...

Would you rather Lidstrom sign a 2 year contract to reduce the cap hit...then decide he wants to retire next year and have a cap hit for him in 2 years when he isn't playing???

#68 mindfly

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Posted 01 June 2010 - 11:47 AM

Both Keith and Pronger were signed to long term contracts so as to minimize the AVERAGE cap hit. Pronger's salary for next year in $7.6M, Keith will make $8M next year. Lids was signed for 1 year.

Your post is just plain wrong.

nhlnumbers.com

To a GM and fans the caphit is all that matters, lidstrom should be honest with himself "gee I'm not better than some of the D's in this league maybe i should help my own team as much as they have helpted theirs by getting a low CAPHIT contract for this (probable)final year as i've already made 80million dollars or whatnot in my carrer"

Edited by mindfly, 01 June 2010 - 11:48 AM.


#69 ShanahanMan

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Posted 01 June 2010 - 11:49 AM

As a fan I can understand that but it doesn't work that way in a negotiation...

Would you rather Lidstrom sign a 2 year contract to reduce the cap hit...then decide he wants to retire next year and have a cap hit for him in 2 years when he isn't playing???


Eh? I was under the assumption cap hits don't apply to a team once the player retires?


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#70 Yzerman191

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Posted 01 June 2010 - 11:50 AM

I'm really excited Lidstrom decided to come back. Not only does it bode well for the team, as one of the top defensemen in the league is returning, but it says a lot about the confidence Lidstrom has in this team going into next year. Why would Lidstrom return if he didn't think we could ice a better team next year? Why would he return if he didn't think he could add another accomplishment to his long list of achievements (hinting at his comment at the end of the season)? As a fan, that has to be reassuring.

EDIT: Do any of you actually think Keith or Pronger would be making those salaries if they had signed a 1-year deal? The reason their cap-hits are so low is because they were signed to long term contracts, not because that's all they were worth.

Edited by Yzerman191, 01 June 2010 - 11:52 AM.


#71 NeverForgetMac25

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Posted 01 June 2010 - 11:50 AM

Restricted Free Agents: A player set to become a restricted will become an unrestricted free agent if his current team does not make him a qualifying offer that adheres to the minimum raise policy of the CBA. The deadline to qualify all RFA's is June 29

* Qualifying Offers: A qualifying offer must include the following minimum raises:
o Previous salary < $660,000: 10% increase in salary
o Previous salary < $1,000,000: 5% increase in salary
o Previous salary > $1,000,000: Match previous season's salary

I appreciate the research!

mindfly: We're talking a minimum required increase for all four of those players (Abdelkader, Helm, Miller & Eaves) *combined* of only $204,944.40. Not even a quarter million....total!
It's amazing how much clarity comes when you care more about the Red Wings than any individual player.


"They are the best team in the world. They are a team that can just take over when they want to," Chicago's Patrick Kane said (of the Detroit Red Wings).

#72 Reds4Life

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Posted 01 June 2010 - 11:51 AM

Eh? I was under the assumption cap hits don't apply to a team once the player retires?


They apply if player is over 35 (or 34) years old.

#73 mindfly

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Posted 01 June 2010 - 11:52 AM

I appreciate the research!

mindfly: We're talking a minimum required increase for all four of those players (Abdelkader, Helm, Miller & Eaves) *combined* of only $204,944.40. Not even a quarter million....total!

Yeah I admit that appears not to be much, and they probably won't get any offers from other teams'... Still I wanted ken holland to go for a solid 2.5-3M third liner...all in vain now with lidstrom's 7Million contract, though.

Edited by mindfly, 01 June 2010 - 11:53 AM.


#74 NeverForgetMac25

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Posted 01 June 2010 - 11:56 AM

To a GM and fans the caphit is all that matters, lidstrom should be honest with himself "gee I'm not better than some of the D's in this league maybe i should help my own team as much as they have helpted theirs by getting a low CAPHIT contract for this (probable)final year as i've already made 80million dollars or whatnot in my carrer"

Once again, says the guy who's money this isn't.

Yeah I admit that appears not to be much, and they probably won't get any offers from other teams'... Still I wanted ken holland to go for a solid 2.5-3M third liner...all in vain now with lidstrom's 7Million contract, though.

Fair enough, but (1) I'm not sure a $2.5-$3 million third liner was officially in Kenny's plan to begin with, and (2) it's not completely out the window this year given the uncertainty in the bottom-6, not to mention the trade deadline.
It's amazing how much clarity comes when you care more about the Red Wings than any individual player.


"They are the best team in the world. They are a team that can just take over when they want to," Chicago's Patrick Kane said (of the Detroit Red Wings).

#75 russianswede919293

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Posted 01 June 2010 - 12:00 PM

Eh? I was under the assumption cap hits don't apply to a team once the player retires?

If they sign the contract before the age of 35.

Any multi-year deal signed after the age of 35 the cap hit cannot be relieved by waiving a player or by retirement.

That is why Hatcher and Rathje stayed on the Flyers roster for years on the LTIR.

#76 rick zombo

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Posted 01 June 2010 - 12:01 PM

Keep in mind, no one has confirmed a cap hit of 7M. Holland wouldn't disclose the $$ amount when he announced the re-sign.

BUT he did say this:

Holland declined to reveal the value of the deal, expect to say that Lidstrom has taken a pay decrease from his $7.45 million salary. A source said Lidstrom will earn slightly more than the $6 million his defense partner, Brian Rafalski, earns.

"He's helped give us some extra (salary) cap space,'' Holland said. "Hopefully the cap goes up a little and it gives us a little wiggle room to improve the depth of our team.''


http://www.mlive.com...in_nicklas.html

This leads me to believe that Lidstrom signed for something like 6.2M? And that Holland still hopes to improve the team with an external move.

Edited by rick zombo, 01 June 2010 - 12:01 PM.

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#77 Heaten

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Posted 01 June 2010 - 12:01 PM

Good to hear. Hope the number is around $4.5 mil. Either way, just glad to have my man back!

#78 Echolalia

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Posted 01 June 2010 - 12:01 PM

I can't believe the greed of some people on this site. The Red Wings just signed Nick Lidstrom, the best defensman of this era, and everyone is all "what a greedy person for not signing with the legendary Wings for half his value."

#79 xtrememachine1

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Posted 01 June 2010 - 12:02 PM

How does that logic work???


We're getting the best defenseman in the game back for another year and he's playing for more than 5 cents! Geez, do I have to draw you a diagram? :D

#80 russianswede919293

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Posted 01 June 2010 - 12:04 PM

Yeah I admit that appears not to be much, and they probably won't get any offers from other teams'... Still I wanted ken holland to go for a solid 2.5-3M third liner...all in vain now with lidstrom's 7Million contract, though.

I don't think that a 2.5-3 million dollar 3rd liner was ever in the mix with Lids returning.

I believe they will go after a Dallas Drake type...so 0.75 million cap hit at most to play 4th line.

Keep in mind, no one has confirmed a cap hit of 7M. Holland wouldn't disclose the $$ amount when he announced the re-sign.

BUT he did say this:



http://www.mlive.com...in_nicklas.html

This leads me to believe that Lidstrom signed for something like 6.2M? And that Holland still hopes to improve the team with an external move.

And he SHOULD make more than Rafalski.

Bob McKenzie says it is for a "touch" over 6 million.

I am happy with that number.





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