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- Sep 8, 2008
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The team who holds his rights can sign him to 8 years but only if they have those rights prior or at the trade deadline the previous year.
And that team can only offer 8 years before July 1st, once July 1st happens that team can only offer him 7 year too
And that team can only offer 8 years before July 1st, once July 1st happens that team can only offer him 7 year too
http://www.tsn.ca/next-48-hours-crucial-in-lightning-s-hopes-of-re-signing-stamkos-1.513843NHL teams may re-sign their own players to a maximum eight-year deal provided they were on their reserve list prior to the Feb. 29 trade deadline. Other teams are only allowed to sign new players to a maximum seven-year contract.
For the Lightning, that benefit will vanish after June 30.
Once Stamkos becomes an unrestricted free agent on July 1, even the Lightning can only sign him to a maximum seven-year contract. The playing field would become level. Depending on the value of the deal, that extra year could be the difference between another $8.5 to $12 million for Stamkos. It is not insignificant.