Doughty negotiated his contract extension with LA by himself(without an agent)

[WesMcCauley]

Drew Doughty finds the right negotiator for his new eight-year, $88-million deal with the Kings — himself

Dont blame him, if the agent take 3% he lose tons of $$$.

 

[GodEmperor]

Negotiation tactics:

"I'm Drew f***ing Doughty" *glares at the GM, coach and lawyers*

 

[illpucks]

Good for him. Pretty sure Ovi is the same. No agent

 

[1specter]

 

[DearDiary]

I can count to potato...!

 

[StevenB]

Wow, the money he's going to lose if he gets bought out... at least he saved 2.6 million in the long run though

 

[unicornpig]

chances of him being bought out is nearly nil. who is this loser anyways.

 

[Filthy Dangles]

Will lol if Kings buy him out and he loses $15 to save 2.6 million.....$12 million net loss would be huge

I don't get the 'FancyStats' thing tho...I don't know what corgi has to do with understanding nuances and technicalites of contract structure

 

[Lazlo Hollyfeld]

What's that expression about the person who represents himself has a fool for a client?

And honestly it really only even comes close to making sense when you're in Doughty's position and are signing with a team that's not going to go out of its way to screw you.

 

[Rhaegar Targaryen]

This was stupid on Doughty's part.

Who knows how effective he'll be into that part of his contract? Especially carrying an $11M cap hit.

 

[Helistin]

I can count to potato...!

All the potato counters in the same team?

 

[Peanut]

This kid seems pretty salty

 

[McDrailers]

At least he didn't get Jack Johnson's parents to do it...

Is that too soon?

 

[WesMcCauley]

Will lol if Kings buy him out and he loses $15 to save 2.6 million.....$12 million net loss would be huge

I don't get the 'FancyStats' thing tho...I don't know what corgi has to do with understanding nuances and technicalites of contract structure

Whats the chance of him getting bought out that early in his contract? Pretty slim...

 

[Crosbyfan]

So he has 4 years to find 12.4 worth of work. Sounds like he is betting on himself to not get bought out or find another contract to make back the difference...not a bad bet IMO to keep 2.6 million.

...and why would LA throw the extra 15 million protection in for free? Were they all patting themselves on the back because Doughty missed something? ("this is great...we can walk away from this in 4 years by tossing 29 million at him!")

 

[Dr Jan Itor]

If he gets bought out, there's a better chance that he comes out ahead money-wise than behind.

Basically has to make $15 million over 4 years ($3.75 per year) from ages 33 to 36 to break even.

He'd need to plummet so unrealistically far to not get another contract.

 

[redcard]

LA wouldn't have given him $88 mil if a larger amount of it was in signing bonuses. They would have demanded a lower cap hit for a buyout proof contract.

 

[not a troll]

Can he insure his contract against buy outs?

 

[paragon]

Maybe he got more money per year for arranging the final years like that?

And while I agree in principle I think the chances of him being bought out as a 32 years old are extremely small. And let's even look at the scenario in that tweet. Doughty is bought out as a 32 year old. He recieves 29M out of the 44M. If he signs for a 5M per year for 4 years he would make even more money then he would have without the buyout. I can see a scenario where Doughty is not a 11M defenseman, but there's zero percent chance he's not worth 5M in 4 years.

There's also the poor mans buyout protection of claming a medical condition like a sudden allergic reaction to his equipment, sore back, vertigo or concussion symptoms. You can't buy out injured players.

I also think the the signing bonuses should be something the owners should tackle with the next CBA. Buyout proof contracts are a terrible. Big markets can hand them out like candy when they don't have to be financially responsible, but a terrible buyout proof contract could truly cripple a small market team to the point they can only be saved by an injury or an insurance scam. Imagine if Price continues to play like last season (.900) for the next 8 year and he was a goalie on a small market team.

 

[Helistin]

Can he insure his contract against buy outs?

Could he negotiate the insurance himself?

 

[Lonewolfe2015]

Even if Doughty gets bought out the final year of his contract he loses money. It's not about him being able to find more work or he won't be bad by then, it's purely that he is a superstar with all the cards in his control and he didn't use them. Despite doing what he thought was a shrewd move financially by getting rid of his agent for the sake of saving money.

 

[Damisoph]

Interested to know if Doughty is aware of this and holds any resentment to Kings management, surely they knew what was up

 

[MikeK]

This jackass sounds like a salty agent or relative of one.

 

[Brock Radunske]

Whoops!

 

[Jacob]

That'd be funny if they snuck in something like the currency is in rupees.