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Franzen Has A Deal
by Paul on 04/11/09 at 10:09 AM ET
Comments (4)
via TSN,
Sources tell TSN Johan Franzen and the Detroit Red Wings have agreed to a long-term contract extension.
Sources say the deal is believed to be a long one, upwards of nine or 10 years in order to keep the salary cap hit to a manageable level for the Red Wings.
updated 1:42pm, from Todd Beam at DetroitRedWings.com,
Detroit Red Wings general manager Ken Holland announced today that the club has signed forward Johan Franzen to an 11-year contract.
In keeping with team policy, additional terms of the deal were not disclosed. The 11-year pact represents the second longest deal in club history, just behind the twelve-year contract signed by teammate Henrik Zetterberg in January.
“We are thrilled that Johan will remain a member of the Detroit Red Wings” Holland said. “His production over the past year and a half, both regular season and playoffs, has been remarkable and we feel, at 29 years old, that he is just now entering the prime of his career. We look forward to having him as a part of our core unit in Detroit moving forward.”
added 2:20pm, via Ansar Khan of Mlive,
The Red Wings have signed forward Johan Franzen to an 11-year contract extension that averages $3.9 million a season.
It’s a front-loaded deal that includes a no-trade clause for the first five or six years.
“He’s a guy who’s a 30- to 35-goal scorer now it appears,’’ general manager Ken Holland said. “We get a good player at a good cap number. In return we’ve given up term and security.’‘
Holland said he will resume negotiations with the agent for Marian Hossa after the playoffs. He is still hoping to sign Hossa.
Filed in: NHL Teams, Detroit Red Wings | KK Hockey | Permalink
Tags: Johan+Franzen,
Comments
MLive.com reports a cap hit of about $3.9 mil/year, slightly less than the Swedes indicate.
Posted by mc keeper from The Home Of Lord Stan on 04/11/09 at 02:05 PM ET
There’s going to be a cap on contract length..I can feel it..I mean, its a legal work-around right now and God bless Holland for taking advantage..but somebody, somewhere is going to create enough stink to close it.
Posted by UMFan from Colorado on 04/11/09 at 02:07 PM ET
There’s going to be a cap on contract length..I can feel it..I mean, its a legal work-around right now and God bless Holland for taking advantage..but somebody, somewhere is going to create enough stink to close it.
Posted by UMFan from Colorado on 04/11/09 at 03:07 PM ET
And I imagine Mr. Ilitch, Holland, and company are already preparing for that.
Posted by SYF from a "Bron-Y-Aur Stomp" on 04/11/09 at 05:57 PM ET
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Reports out of Sweden is a little over $45M for the 11 years.
Posted by Paul from Motown Area on 04/11/09 at 01:17 PM ET