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Money Won’t Change Versteeg

from Lacy J. Banks of the Chicago Sun-Times,

As a restricted free agent, Versteeg would have been given a 10 percent raise on his $490,000 salary from last season. But when the offers weren’t received in time—which eventually led to the ouster of former general manager Dale Tallon—Versteeg was paid millions more. He signed a three-year deal worth $9.25 million, meaning he’ll earn more than Patrick Kane ($875,000), captain Jonathan Toews ($850,000) and defenseman Duncan Keith ($1.9 million) this season.

‘‘I still took less money,’’ Versteeg said. ‘‘If I had gone onto the open market, I could have gotten much more. But I signed for less money to stay with the Hawks because I love the Hawks, I love my teammates, my fans and the city of Chicago.

‘‘But I don’t see myself not working harder and taking this season serious just because I got more money. I’m here to win, and I want to win really bad. That’s why I’m going to continue to work as hard as I can.’‘

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Filed in: NHL Teams, Chicago Blackhawks | KK Hockey | Permalink
 Tags: Kris+Versteeg,

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Mr. Banks’ article implies that Versteeg would have earned only $539,000 this season if the Blackhawks had properly filed a qualifying offer.  Versteeg quite possibly would have attracted an offer sheet well in excess of $539,000 from another team, which the Hawks would have had to match to keep his services.  None of us know for certain how his salary for this season under that scenario would compare to the $3.08 million he will earn under his new three year deal.  But to suggest that the Hawks’ error cost the team roughly $2.5 million extra to retain Versteeg’s services this season is simply misleading.  Further, a full assessment of the situation would recognize that the qualifying offer would only have been a one year deal.  The Hawks signed him to a three year deal.  Once Versteeg becomes arbitration eligible, he would be able to reject future qualifying offers and take the team to arbitration.  Again, we do not know what the outcome would be, but it is not inconceivable that an arbitration award for 2010-11 and 2011-12 seasons would exceed the $3.08 he will make under the three year deal.

Posted by George Urban from Charlottesville, Virginia on 09/17/09 at 11:29 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL. 

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