I think most people can stretch out 5.5M. I know my 401 (k) won't ever be close to that.
I don't know if I've ever seen a contract with a cap hit that low carry that kind of term. Interesting.
Max Talbot had something similar if I recall
You might want to check your math. 5.5 million for 50 years? That is NOT 910k a year. TN may have low taxes, but there's still federal taxes, whatever he has to pay back in Sweeden and he's still paying state (and Canadian) taxes for every road game he plays.
Remember, that 5.5m has to last him the rest of his life. That or he will be forced out of necessity to get another job after his hockey career is done - in which case he'd better pray he doesn't have a career ending injury that affects his employment options down the road.
I think he was older and it was a shorter term (4/5 years) and for more money.
Great for the Preds, awful for Jarnkrok.
Maybe he decided 2 mill a year is enough to play hockey and gives his team with his friends a better chance to win a cup. Could be any number of reasons tho. Maybe he just dogs it the next couple years who knows. Doubt it tho.Meh, i wouldn't be overly excited about this.
Don't get me wrong, 2M for what Jarnkrok brings to the table is good value. He can kill penalties, play anywhere in the lineup and put some points on the board.
But i don't see how a player in his mid 20's signs a 6 yr contract with this low AAV. All it tells me is Jarnkrok feels like he has to take the money & security now because he's not getting any better. Why would anyone hungry for climbing up the depth chart take this kind of deal ? Wouldn't make any sense.
So that being said, it's somewhat disappointing he took this type of deal, but then again he probably doesn't have the physical tools for taking his game to the next level. Nor the confidence or lethality with the puck.
Quite intelligent player though, so im thinking he's intelligent off the ice too and thought this would be his best move thinking long-term.
Boyes - made 26m from 06-16, is currently 34
Vrbata - made 30m from 06-16, is currently 35
Hudler - made 23m from 06-16 (not counting what he made in the KHL while there). Is currently 32
Tanguay - made 40m from 06-16, is currently 36
Versteeg - made 26m from 06-16, is currently 30
About the closest comparable is Versteeg, and he's still several years older then Jarnkrok. I also dispute the idea that Versteeg couldn't get an NHL contract and only would have received a "camp invite". The same goes for Vrbata. There's several different reasons why players go to Europe. But fortunately for Versteeg he's made enough money that it doesn't really matter what he does from now on.
I'm sure he can. But it just raises the question as to why put himself in a position where he may have to.
Neither will my RRSP balance. But then I also have another 20 years of earning a very good wage to live, pay off debt (house, vehicle, RV, etc), acquire toys and everything else. Additionally, I do not work in a profession where there's a legitimate risk for long term health concerns. And just as importantly, my retirement fund doesn't have to last 40+ years. Yes odds are that he will not retire to a beach at the age of 31 and do nothing but surf and drink... but considering how short players careers can be and how narrow their window is to cash in and make the most of their opportunity to earn extremely good money, it just seems really odd that a player would limit himself like he did, for as little (comparatively) as he did.
As I said before, 3-4, hell even 5 years doesn't change the end amount significantly, but could have a significant difference when it comes to his next contract. 25 yrs old and signing a cheap 6 year contract just seems odd. But whatever, good on Nashville for capitalizing on this.