Kukla's Korner Hockey
Where Are The Offer Sheets?
by Paul on 07/26/09 at 07:51 AM ET
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from Fluto Shinzawa of the Boston Globe,
This summer, not a single offer sheet has been extended. With the salary cap expected to decrease prior to the 2010-11 season, it’s hard to imagine any offer sheets next summer either.
“I don’t know if it’s a thing of the past,’’ said Bruins GM Peter Chiarelli, who could still see Phil Kessel accept an offer sheet. “But teams are very cautious now because of the uncertain cap situation and the economy. The offer sheet is an inherently inflationary tool. It doesn’t jive right now with the cautious approaches that we’re taking.’’
The very nature of extending an offer sheet to a restricted free agent is for one club to pay a premium and make the resulting salary so steep that the original team can’t afford to match. Two summers ago, when the current financial crisis and corresponding cap crunch had yet to strike, the Ducks determined that a $4.5 million annual salary to Penner (more per year than Dallas captain Brenden Morrow, in comparison), a developing power forward, was too rich for their books. Anaheim let Penner walk, Burke took his shots, and the Ducks claimed first-, second-, and third-round picks from Edmonton in the 2008 draft as compensation.
more plus other NHL notes…
Filed in: NHL Teams, NHL Talk | KK Hockey | Permalink
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