Confirmed with Link: Alexis Lafreniere Signs Extension [7Y/7.45M AAV]

[mike14]

Nice deal indeed. Looking forward to watching him for at least the next 7 years.
Get him on the PP. It also be nice to see him drive his own line, but Panarin and he are dynamite together so that can wait...

 

[80shockeywasbuns]

so glad people can no longer say NYR are playing 8D chess keeping him off pp1

 

[TominNC]

Fantastic.

Now I want to buy a Lafreniere jersey.

13 has always been my number (since Don Maynard) so this justifies the cost of a #13 Rangers jersey

 

[Hunter Gathers]

I only wish it was 8 years.

 

[bl02]

wow. I thought for sure no cheaper than 8.25-8.5

 

[nsvoyageurs]

To add: let's keep the tribalism to a minimum. We don't need a victory lap against the "Laf haters" every time he scores or a dunk session on the "Laf defenders" every time he has a bad game.

We root for the same team.

I have always been rooting for him, even when it looked like he may not break through and even I had some doubts going into last season. I'm happy for him that he's been able to play to the level that got him that new contract. They were patient with him (and an new HC helped him break out) an they have seen the results.

Hopefully he continues to progress like he has in the last 12 months. He'll likely never be a 100 pt player, but a high level forward in he top 6.

 

[Oscar Lindberg]

I’m sort of regretting my purchase of a Kakko jersey as opposed Laf last year but it is what it is

 

[DialUp]

Nothing is better than being wrong about a player you were down on for a team you root for. Now hopefully Kakko redeems himself and K and Trouba do the same. Lindgren....lost cause.

 

[KirkAlbuquerque]

I only wish it was 8 years.

7, 8, what’s the difference society will collapse within 3 years anyway

 

[Casper The Soy Ghost]

Didn't the original "rumor" say that Rangers offered 8x8?

Maybe he didn't want an extra year for just $.055M more.

 

[IDvsEGO]

L

Maybe he didn't want an extra year for just $.055M more.

that .55 is 4.5m almost 10% of the entire deal.
I think you're not wrong but thats a lot of money to turn down for a year.

 

[Greg02]

L

that .55 is 4.5m almost 10% of the entire deal.
I think you're not wrong but thats a lot of money to turn down for a year.

The way I think about it is he's betting he'll get over 12.5 that year.

 

[Peltz]

Rangers finally got a young star player

What a steal

Adam Fox tho.

 

[Casper The Soy Ghost]

L

that .55 is 4.5m almost 10% of the entire deal.
I think you're not wrong but thats a lot of money to turn down for a year.

Yeah but he can turn it into 1 last big deal 1 year earlier now.

 

[Peltz]

I honestly give him the C over Fox.

No question, Laf is our guy.

 

[EXTRAS]

Before the 2023 season I traded debrincat for Laf in my fantasy hockey dynasty league and I'm feeling like such a guru right now.

 

[will1066]

Do Something, Kakko - Season 2, Episode 6: Kaapo and Filip plan a big bash to celebrate Alexis' contract extension. Taking a break from planning, Kaapo has a chance encounter with Keith Morrison. Reilly divulges a secret to Coach Lavi.

 

[kovazub94]

I only wish it was 8 years.

wow. I thought for sure no cheaper than 8.25-8.5

L

that .55 is 4.5m almost 10% of the entire deal.
I think you're not wrong but thats a lot of money to turn down for a year.

So this is a good way to explain what I often mean when I say that players think about salaries in cash terms not cap hit: this (excellent extension for the Rangers) has build in cash increases year over year. Lafreniere will likely make less in earlier (including 2 RFA) years and will have increases as he gets older (let’s say from $5m in the first year to $10m in year 7) that comes to this $7.5 average. For Drury to buy the 8th year Lafreniere agent let’s say asked for $11.5 cash then $11.5-$7.5=$4/8=$0.5m extra AAV that would bring the contract to $8x8, and GM said no can’t do it. This is an illustration obviously.

 

[Harbour Dog]

Great contract! Now slap a letter on him, throw him on PP1, and let's f***ing go!

 

[NYR94]

I’m sort of regretting my purchase of a Kakko jersey as opposed Laf last year but it is what it is

Wow it's a nice purchase

 

[SA16]

So this is a good way to explain what I often mean when I say that players think about salaries in cash terms not cap hit: this (excellent extension for the Rangers) has build in cash increases year over year. Lafreniere will likely make less in earlier (including 2 RFA) years and will have increases as he gets older (let’s say from $5m in the first year to $10m in year 7) that comes to this $7.5 average. For Drury to buy the 8th year Lafreniere agent let’s say asked for $11.5 cash then $11.5-$7.5=$4/8=$0.5m extra AAV that would bring the contract to $8x8, and GM said no can’t do it. This is an illustration obviously.

But that is not what the deal is. He gets less money almost every year starting with 10M next year and ending with 6M the last 3. It will almost never make sense for the salary to up in later years (provided a non cheap owner) since the AAV is based on total dollars and money now is worth more than money later so if the owner doesn’t care about paying more now he can likely get a lower AAV by front loading the deal

 

[kovazub94]

But that is not what the deal is. He gets less money almost every year starting with 10M next year and ending with 6M the last 3. It will almost never make sense for the salary to up in later years (provided a non cheap owner) since the AAV is based on total dollars and money now is worth more than money later so if the owner doesn’t care about paying more now he can likely get a lower AAV by front loading the deal

Ok, I didn’t see the structure, but I doubt that the issue was that Lafreniere wanted $0.5m more each year - the extra $4 would have been included in only one or maybe two years(early years in this case).

 

[bhamill]

But that is not what the deal is. He gets less money almost every year starting with 10M next year and ending with 6M the last 3. It will almost never make sense for the salary to up in later years (provided a non cheap owner) since the AAV is based on total dollars and money now is worth more than money later so if the owner doesn’t care about paying more now he can likely get a lower AAV by front loading the deal

Plus it’s not like Laf is just spending all that money every year. It gets invested. So the earlier he gets a higher salary, the longer it can work for him/the more it becomes.

Ok, I didn’t see the structure, but I doubt that the issue was that Lafreniere wanted $0.5m more each year - the extra $4 would have been included in only one or maybe two years(early years in this case).

Yup. Your idea is still probably a framework. Just reversed. If it was 8 years, likely the FIRST year would be significantly higher.

 

[WojtekWolski86]

It's great to see the lottery ball come to fruition and poetically this kid got his payday.

 

[Fitzy]

It's funny because 1.5 years ago I opined that if Laf didn't improve he was gonna cost himself many tens of millions of dollars in career earnings, so he had a real fiscal incentive to work hard and figure his game out.

The good news is I have zero concern that this will translate to newfound complacency for him. His game is pretty consistent, doesn't require him to sprint around the ice every shift, and he's up for another contract at 30 which if he's on top of his game could also in theory be easily 80+ million total depending on where the cap is.