Confirmed with Link: Jordan Staal and the Canes finalizing a 4 year/$2.9M AAV extension.

[Lempo]

Finnmedia reports the re-signing with the headline "Remarkable news for Sebastian Aho".

 

[Nikishin Go Boom]

Finnmedia reports the re-signing with the headline "Remarkable news for Sebastian Aho".

It makes his life easier on the ice

 

[Anton Dubinchuk]

Finnmedia reports the re-signing with the headline "Remarkable news for Sebastian Aho".

It actually might be. If he wants to be the captain… that ain’t happening for 4 years now. Rod isn’t doing to Staal what Maurice did to him.

 

[Lempo]

It actually might be. If he wants to be the captain… that ain’t happening for 4 years now. Rod isn’t doing to Staal what Maurice did to him.

This exactly was the onus in the reporting.

 

[moses malone 12]

For those curious how much the Canes could frontload this contract here’s my rough napkin math for maximum front loading.

4x$2.9m = $11.6m total

year 1: $3.8m
year 2: $3.2m
year 3: $2.3m
year 4: $2.3m


methodology for front loaded contracts:
- year to year change can’t exceed 25% of year 1.
- lowest year can’t be less then 60% of the highest year.

That makes the most possible front loaded contract:
Year 1 100%
Year 2: 85%
Year 3: 60%
Year 4: 60%

total 305%, but four years is 400% in total, so we divide 400%/305% = 1.31x to average out the contract multiplied by the % each year.

Year 1 = $2.9m * 100% * 1.31 = $3.8m
Year 2 = $2.9m * 85% * 1.31 = $3.2m
Year 3 and 4 = $2.9m * 60% * 1.31 = $2.3m per season.

believe it's more front loaded than your example. Read somewhere the salary in year 4 is $725,000. Might be cap hit, not salary but that's very low against AAV of $2.9mm. Might breakdown like this:

Yr 1: $3.9mm
Yr 2: $3.75mm
Yr 3: $3.5mm
Yr 4: $725,000

 

[Lempo]

believe it's more front loaded than your example. Read somewhere the salary in year 4 is $725,000. Might be cap hit, not salary but that's very low against AAV of $2.9mm. Might breakdown like this:

Yr 1: $3.9mm
Yr 2: $3.75mm
Yr 3: $3.5mm
Yr 4: $725,000

775k is his base salary. He has signing bonus on top of that for year 4. Paying mere league minimum would be unallowed by the variability rule. The actual numbers were already published.

SEASON	CLAUSE	CAP HIT	AAV	P. BONUSES	S. BONUSES	BASE SALARY	TOTAL SALARY	MINORS SAL
2023-24	NMC	$2,900,000	$2,900,000	$0	$0	$3,450,000	$3,450,000	$3,450,000
2024-25	NMC	$2,900,000	$2,900,000	$0	$0	$3,410,000	$3,410,000	$3,410,000
2025-26	NMC	$2,900,000	$2,900,000	$0	$0	$2,650,000	$2,650,000	$2,650,000
2026-27	NTC	$2,900,000	$2,900,000	$0	$1,315,000	$775,000	$2,090,000	$2,090,000
TOTAL		$11,600,000	$11,600,000	$0

CLAUSE DETAILS: Full NMC becomes a Full NTC on August 15, 2026

 

[Nikishin Go Boom]

His contract cant be bought out with the signing bonus at the end (a front loaded deal is hard to buy out anyways)

 

[CanesUltimate11]

His contract cant be bought out with the signing bonus at the end (a front loaded deal is hard to buy out anyways) and the recapture penalty would make it non beneficial for him to retire.

since it’s not a 35+ contract there shouldn’t be a recapture penalty if he retires early.

Edit: never mind, looks like that only matters on the buyout. Comment cheerfully withdrawn.

 

[Lempo]

The final year was made as small as possible: $2,090,000 is 60.6 percent of the first year.

 

[bleedgreen]

See, I think this deal is a very good one. AAV is where it needs to be, and the term is not bad if you look at it as Staal being our future Stastny and/or Stephan. So if Rod over slots him, is that Staal’s fault or the managements fault for a good contract, or is it Rod’s fault?

I guess I don’t really care who’s “fault” it is? Like I said I don’t care about the salary or the cap implications - the money is fine. I think we’re ready to move on. Let the new leaders grow a bit. I don’t think we’re as desperate as Rod makes us sound for what Staal brings. I feel like we’re not moving on from the same leadership we’ve had for a long time now, that hasn’t gotten us over the hump. Personally I was ready for the change, or didn’t really want to put it off more than a year.

Im not in any way upset, it’s all fine I just wouldn’t have done this. I’m ready to be free of the Staal generation. I was ready halfway through his last contract. Like I said I’d rather have young blood in that 4C role than Staal eventually dropping down to it. It’s done and based on who Rod is it’s not a surprise. Moving on.

 

[mouser]

believe it's more front loaded than your example. Read somewhere the salary in year 4 is $725,000. Might be cap hit, not salary but that's very low against AAV of $2.9mm. Might breakdown like this:

Yr 1: $3.9mm
Yr 2: $3.75mm
Yr 3: $3.5mm
Yr 4: $725,000

Yeah, I was guessing they'd do:
100%
85%
60%
60%
(305%, x1.31*AAV)

Instead they went with
100%
100%
77%
61%
(337%, 1.19xAAV)

That lowers the year 1 salary, increases year 2 & 3 and lowers year 4 (due to the lower multiplier)

 

[mouser]

His contract cant be bought out with the signing bonus at the end (a front loaded deal is hard to buy out anyways) and the recapture penalty would make it non beneficial for him to retire.

Recapture penalty only applies to contracts signed before 2013.

 

[Lempo]

Recapture penalty only applies to contracts signed before 2013.

There's the 50.5 (d)(ii)(B) for premature retirement though, though apparently that concerns contracts longer that 6 years:

For any period during which the Player under a Long-Term Contract is no longer playing in the League during the term of that Long-Term Contract by reason of retirement, "defection" from the NHL or otherwise (but not death) (such that he is not playing and is not receiving Salary pursuant to that Long-Term Contract), an amount attributable to that Player shall nonetheless continue to be included in his Club's Averaged Club Salary as described below.

 

[Nikishin Go Boom]

I’ll crawl back into my “needs to learn more about the CBA” hole.

That last season buyout is 2.3 million so it is basically unable to be bought out

 

[mouser]

There's the 50.5 (d)(ii)(B) for premature retirement though, though apparently that concerns contracts longer that 6 years:

For any period during which the Player under a Long-Term Contract is no longer playing in the League during the term of that Long-Term Contract by reason of retirement, "defection" from the NHL or otherwise (but not death) (such that he is not playing and is not receiving Salary pursuant to that Long-Term Contract), an amount attributable to that Player shall nonetheless continue to be included in his Club's Averaged Club Salary as described below.

Long-Term Contracts is defined as contracts approved before the 2013 CBA went into effect on Feb 15th 2013.

50.5(d)(ii)(A)
For any SPC entered into prior to the execution date of this Agreement (including any binding Memorandum of Understanding) that has a term in excess of six (6) League Years ("Long-Term Contracts"), the Averaged Amount of such Long-Term Contracts shall be calculated and included in a Club's Averaged Club Salary in accordance with Section 50.5(d)(ii) above so long as the Player is playing or is injured and is being paid pursuant to his SPC.

 

[LakeLivin]

Finnmedia reports the re-signing with the headline "Remarkable news for Sebastian Aho".

It makes his life easier on the ice

It actually might be. If he wants to be the captain… that ain’t happening for 4 years now. Rod isn’t doing to Staal what Maurice did to him.

This exactly was the onus in the reporting.

I'm thinking the smart thing to do would be for Rod to get Aho and Staal together and let them drive the decision. Stipulate that Rod isn't going to accommodate anything that will be embarrassing to Staal or prove disruptive to the team but acknowledge that Aho will be the next captain after Staal and that Staal's on ice contributions will be on the decline over the term of his next contract. Let the two of them help design a handoff that will be in the best interest of the team. If either party isn't on board with that approach, maybe they're not the right person for Captaincy in the first place.

 

[Nikishin Go Boom]

Jordan is 167 games short of E Staal and 172 short of passing Wesley for 2nd in games played. He would have to sign for another two seasons to pass Francis

 

[Blueline Bomber]

Is there any indication that Aho wants to be captain? He's always been more on the soft-spoken side, and never seemed 100% comfortable asking questions in the interviews.

Then again, neither has TT, so maybe it's just a Finnish cultural norm that I'm misinterpreting.

 

[Lempo]

Is there any indication that Aho wants to be captain? He's always been more on the soft-spoken side, and never seemed 100% comfortable asking questions in the interviews.

Then again, neither has TT, so maybe it's just a Finnish cultural norm that I'm misinterpreting.

Not that I know of. I have thought that's some newfanglish silly thinking in lines of Crosby, McDavid that the 1C should also be the captain. Matthews was become one for TOR until the captain underpants incident. Maybe it's a trick to try and make them stay forever as a franchise player.

Can't say for sure but I'd like to think in Finland the captaincy is understood to rather belong to a respected elder statesman type than to some young point hog.

 

[VibesAlive]

I'd take Jordan on my team trying to win the Cup 10 times out of ten.

 

[chaz4hockey]

I'd take Jordan on my team trying to win the Cup 10 times out of ten.

Woof woof. Love that movie.

 

[Canes]

I'd take Jordan on my team trying to win the Cup 10 times out of ten.

I was honestly worried he'd get like 3 years, 15+ plus.

The extra year to keep the cap hit down is everythang. Even with him being overpaid in his 10 year deal, this is a discount. No doubt about it.

 

[zman77]

 

[chaz4hockey]

Welcome back JS....I cringed a little when he mentioned the word "grind". We need a few more skill guys too.

 

[zman77]