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Lecavalier Contract Details
by Paul on 07/12/08 at 09:07 PM ET
Comments (5)
from TSN,
Vincent Lecavalier’s new deal with the Tampa Bay Lightning will carry him close to his 40th birthday.
The 28-year-old franchise centre signed an 11-year, $85-million contract extension with the Lightning that will kick in for the 2009-2010 season and run through the 2019-2020 campaign.
Lecavalier will earn $10-million per season in salary and bonuses for the first six seasons of the deal, before dropping to $8.5-million in 2016-2017, $4-million in 2017-2018, $1.5-million in 2018-2019 and $1-million and 2019-2020.
Filed in: NHL Teams, Tampa Bay Lightning | KK Hockey | Permalink
Tags: Vinny+Lecavalier,
Comments
No word in the TSN story if Lecavalier and his agent were smart enough to get a no movement clause to protect him from being cast aside like yesterday’s news at Barrie and Koules’s whim.
Posted by BobTheZee on 07/13/08 at 12:11 AM ET
Bob, the Lecavalier for Kelly Hrudey trade will be announced on monday 
Posted by George Malik from South Lyon, MI on 07/13/08 at 12:38 AM ET
They made a mistake and only listed 10 years. Seems like he gets paid $10m for seven seasons, not six.
I was wondering about that rule too, Senshobo, so I looked it up. It works like: take the lower value of the first two years of the contract ($10m, in this case). In any given year of the contract, the salary can’t increase by more than that amount or decrease by more than 50% of that amount. This contract drops by $1.5m, $4.5m, $2.5m, and $0.5m, so it’s legit.
Interestingly, if cap accounting doesn’t change, this contract is essentially buyout-proof in the last few years. If Lecavalier is bought out in the second last year, the cap hit for those two seasons will be over $6.6m and $7.1m. But he could be a convenient way for a stingy team to reach the cap floor without having to spend much money.
Posted by Ryan from Toronto on 07/13/08 at 04:49 AM ET
the Lecavalier for Kelly Hrudey trade will be announced on monday
At which time they will also announce that they’re switching him from goaltender to winger. Too bad Kelly didn’t play before 1979 or he’d be able to skate sans helmet. It would be great to see that bandanna tail flapping in the breeze as he flies up the wing waiting to take the first outlet pass from his defense... err… I mean… from one of the other forwards who happens to be staying back.
Posted by BobTheZee on 07/13/08 at 12:55 PM ET
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Two thoughts:
Wasn’t there a contract recently rejected because there was too much of a variance between the first and last year salaries? If memory serves me, for someone in Nashville? Does that not apply here due to the extreme length (11 years) of this deal, or am I just very confused?
Also, hasn’t this deal been in the works for a long time, long enough that the people praising Barrie and Koules should really be thanking Feaster, and just thankful that the new boys decided to see it through, unlike Boyle?
Posted by SENShobo from Waterloo, ON on 07/12/08 at 10:24 PM ET