Confirmed with Link: Patrick Kane signs one year extension (4M base, up to 6.5M with bonuses)

[redwings8831]

Click to read more...

 

[ChelisChiliBar]

Just love seeing this guy in a Red Wings tarp baby

 

[Lazlo Hollyfeld]

wow. I thought for sure Kane was gone and would be signing somewhere for multiple years.

Hopefully having some training camp and preseason will help with any wonkiness of having him in the lineups. And someone tell DeBrincat his first move doesn't have to be to look for Kane every play. Shoot the puck!

 

[redwings8831]

 

[CanadienShark]

Nooooooooooo

I wanted to bring him to Montreal. Detroit ought to be a playoff team this year.

 

[BStinson]

Nice! Thought he was gone for sure.

 

[jaster]

This is a bit surprising, and I’m wondering if was made possible because of promises Yzerman made about improving the roster further. Like, we’re gonna sign Stamkos and Roy and all the good players and win the Cup.

#WingsCup2025

 

[chances14]

an extra 1.5M just for playing 10 games lol. Gotta love contract bonuses

 

[lhsgolf19]

So my head keeps spinning lol... what's this years AAV? 4? 5.75?

 

[Tatar Shots]

Yzerman is going hunting tomorrow

 

[HisNoodliness]

Honestly, you can't be upset about this. Only a one year deal, the cap hit is more than worth it. Our team is boring as hell without him.

 

[schuelma24]

So my head keeps spinning lol... what's this years AAV? 4? 5.75?

If random Twitter people are correct, if they’re met they count, but if over the cap they can move the bonuses to next year - so effectively, I think the number is 4m? Which is amazing?

 

[GarlicbreadTB]

Nice to see Kane for another year. Hopefully some nice FA signings tomorrow too!

 

[Ricelund]

Honestly, you can't be upset about this.

You sure about that?

 

[lhsgolf19]

https://x.com/i/web/status/1807602903697244632

 

[chances14]

Honestly, you can't be upset about this. Only a one year deal, the cap hit is more than worth it. Our team is boring as hell without him.

Yes for sure. Most skilled player the wings have had since datsyuk. Joy to watch him play even in his post prime years

 

[Hawaiibros]

Biggest w is 4m cap hit (17ish mil for burgers/mo/ray) leaves us with 9ish mil for 2 spots + any player upgrades (potentially Gibson/trouba)

Dbc - Larkin - ray (7.5)
Kane - jt - xx
Burgers - kasper - copp
Ras - Joey - Mazur
Xxxx

Seider (8m) - Chariot
Edvinsson - Petry
Maata - aljo
Holl

Husso
Lyon

 

[jaster]

an extra 1.5M just for playing 10 games lol. Gotta love contract bonuses

It’s effectively more like a 5.5 base, with Yzerman negotiating some relief for the team if Kane’s body explodes and he winds up being worthless to Detroit.

 

[redwings8831]

https://x.com/i/web/status/1807602903697244632

 

[schuelma24]

https://x.com/i/web/status/1807604196167798861

 

[Christien]

Big W. Great contract, I hope he gets his bonuses, too

 

[jaster]

https://x.com/i/web/status/1807602903697244632

That lacks clarity. Here’s how it actually works:

While performance bonuses count against the salary cap, teams are permitted to exceed the salary cap due to performance bonuses, to a maximum of 7.5% of the Salary Cap.

If a team exceeds the Salary Cap due to performance bonuses, then any amount over the Salary Cap is considered a Bonus Carryover, and counts against the cap in the next season.

 

[minimal]

#WingsCup2025

 

[schuelma24]

What a great deal. Let’s cook

 

[Lazlo Hollyfeld]

an extra 1.5M just for playing 10 games lol. Gotta love contract bonuses

haha. right?

I'm guessing it's how they shift $1.5 million of the cap hit to next season if necessary.

Plus they're covered if Kane gets hit by a meteor after playing 3 games.