Rumor: Kotkaniemi Extension - 8 x $4.25-$4.5

[Siludin]

That would be an insane deal.
Now more than ever, with inflation I think a lot of teams should be locking up their young guys for 8+ years.

 

[LPHabsFan]

Wasn't this pretty much reported the day after the details of the offer sheet came out? I smell some tampering here....

 

[Taluss]

Good for the Canes, could be a great deal.

 

[SoupNazi]

What’s the big risk here?

That we get stuck with a fourth liner making over $4 million for eight years. Big whoop. The cap is going to go up, so there's really no risk.

 

[SoupNazi]

Wasn't this pretty much reported the day after the details of the offer sheet came out? I smell some tampering here....

You have a source on that one?

 

[Nikishin Go Boom]

Wasn't this pretty much reported the day after the details of the offer sheet came out? I smell some tampering here....

no a 4 year deal around 3.5 million was reported not 8 x 4.5. Its not tampering either way.

 

[Fatass]

You have a source on that one?

I remember it was a five year deal at 4 mil per that was rumoured as agreed to. So, 8 at 4.5 is longer and more dollars. But still the Canes pretty much stole a very good and very young player and then locked him up through his prime years. Smart move by them.

 

[StreetHawk]

That we get stuck with a fourth liner making over $4 million for eight years. Big whoop. The cap is going to go up, so there's really no risk.

Doesn’t have to be for 8 years. Cba rules for buyouts is 1/3 if the player is 26 and under which KK still has 4 years til July 2026 to reach. So a $4.5 mill AAV is a $1.5 mill buyout and $750k dead cap charge. So the price to get out of the deal via buyout won’t be a killer if they make the call before the 2026 off season.

 

[Bouboumaster]

Not a bad contract at all, I think

 

[CupInSIX]

This contract could be a bargain when he's 23.

 

[Nikishin Go Boom]

sounds like the number has risen to 4.82-5.

 

[GIN ANTONIC]

sounds like the number has risen to 4.82-5.

Just speculation based on on Koko’s jersey number. It might be right but we still don’t have a form number

 

[Chainshot]

The real reason HF was inaccessible for so long.

 

[Nikishin Go Boom]

Just speculation based on on Koko’s jersey number. It might be right but we still don’t have a form number

Leburn speculating based on a jersey number?

 

[Goal Caufield50]

I don't really understand Carolinas thinking here. Kotkaniemi has been extremely sheltered this year, why not actually give him a bigger role for a bit before committing 8 years to him?

He plays 11 minutes a night. $4.5m is a leap. Kk is not betting on himself. What does that say?

 

[Karl Eriksson]

Wow, steal. What an offer sheet that proved to be.

 

[Kuhta]

With 5% inflation this would be 3m per year in 2022 dollars in 8 years.

This would be bargain even if he only becomes 3th line 25p center.

 

[Lempo]

Apparently, an eight year deal means he can't sign until after the trade deadline.

Um. CBA 50.8 used to say that it's not permitted to sign an 8 year SPC for a player you didn't have on the most recent TDL:

An SPC with a term of greater than seven (7) years, provided, however, that a Club may sign a Player to an SPC with a term of up to eight (8) years if that Player was on such Club's Reserve List as of and since the most recent Trade Deadline. With respect to potential Unrestricted Free Agents only, the ability to re-sign a Player to an SPC of eight (8) years expires when the Player becomes an Unrestricted Free Agent. With respect to a Player who becomes a Group 2 Restricted Free Agent, a Club may sign such Player to an SPC with a term of up to eight (8) years provided such Player was on such Club's Reserve List and/or Restricted Free Agent List as of and since the most recent Trade Deadline.

But it was amended in the MOU (Rule 66) to extend the CBA:

CBA §50.8(b)(iv) shall be amended to provide that when a Club acquires a Player who is signed through the subsequent Trade Deadline, it can immediately sign him to an 8-year SPC without waiting until the subsequent Trade Deadline if otherwise permitted to do so under Section 50.5(f).

Kotkaniemi should fit into this amendment, though the way of his acquisation was a tad abnormal.

The 50.5(f) mentioned is about the extension having to fit under the salary cap:

(iii) A Club shall only be permitted to sign a Player to an "extension" of the existing SPC in the amount of: (A) the SPC of the Player to be extended (then included in the Club's Averaged Club Salary); plus (B) the Club's Payroll Room in the current year; plus (C) the aggregate Averaged Amounts of any other SPC or SPCs that expire at the end of such League Year (to extent the Club has other such SPCs which are currently counting in the Club's Averaged Club Salary); minus any previously Tagged Payroll Room. The Tagging Rule referred to in paragraph (e)(iv)(C) above will thereafter apply

Now, Canes *should* be able to sign him up to 6.1M on the A alone, unless Canes are playing it safe with the league so there's no accusations of any kind (or unless there is yet some weird rule or some non-public league communique about creative salary setup with a follow-up contract).

 

[AdamParrot]

 

[mouser]

Um. CBA 50.8 used to say that it's not permitted to sign an 8 year SPC for a player you didn't have on the most recent TDL:


But it was amended in the MOU (Rule 66) to extend the CBA:


Kotkaniemi should fit into this amendment, though the way of his acquisation was a tad abnormal.

The 50.5(f) mentioned is about the extension having to fit under the salary cap:



Now, Canes *should* be able to sign him up to 6.1M on the A alone, unless Canes are playing it safe with the league so there's no accusations of any kind (or unless there is yet some weird rule or some non-public league communique about creative salary setup with a follow-up contract).

Read the title of section 66 of the MOU: "Traded Player Ability to Sign an 8-Year SPC".

Kotkaniemi wasn't traded.

 

[Rydev]

Yeah Im really not sure how to feel about this deal long-term

Initially I dont like it though. Dont see why Carolina felt the need to take this risk for a *possible* third line center

*edit

 

[Samsquanch]

How do you not take that deal if your KK. Find a great money manager and ride out into the sunset after your pro career is done knowing you and your kids have a privileged existence secured.

An extra 10-20 million in potential earnings doesn't upgrade his post hockey life in any way if the plan is to be smart and not party like a rock star. Hes gonna have the same wife, the same house and car in the same neighborhood, kids will go to the same schools. And the only difference is that hes going to die with less money that will be inherited (and subsequently taxed) to his kids.....

The guaranteed contracts in hockey are almost ridiculously undervalued by the players and GMs both. Hockey is violent, yo....And the best before date for every individual player is anyone's best guess. But the odds are heavily in favor of a player regressing badly before the end of an 8yr contract.

 

[Lempo]

Read the title of section 66 of the MOU: "Traded Player Ability to Sign an 8-Year SPC".

Kotkaniemi wasn't traded.

That's the headline, but the actual rule uses the wording "[Club] acquires". And boy, wasn't he acquired!

 

[GIN ANTONIC]

Leburn speculating based on a jersey number?

Ya at first it was puckpedia reporting that amount and it seemed based on Koko’s jersey number. Now there’s a lot of other numbers being thrown around. It definitely doesn’t seem to be settled yet at this point.

 

[Derailed75]

How do you not take that deal if your KK. Find a great money manager and ride out into the sunset after your pro career is done knowing you and your kids have a privileged existence secured.

An extra 10-20 million in potential earnings doesn't upgrade his post hockey life in any way if the plan is to be smart and not party like a rock star. Hes gonna have the same wife, the same house and car in the same neighborhood, kids will go to the same schools. And the only difference is that hes going to die with less money that will be inherited (and subsequently taxed) to his kids.....

The guaranteed contracts in hockey are almost ridiculously undervalued by the players and GMs both. Hockey is violent, yo....And the best before date for every individual player is anyone's best guess. But the odds are heavily in favor of a player regressing badly before the end of an 8yr contract.

And the cost of living in Raleigh is pretty low compared to other hockey cities. He can chill out, rent a pretty nice place, live in a temperate climate, and just bank the extra money.