Thin Spirit 0 Posted September 13, 2006 This franchise is such a focking joke. 15 years, 67 million guaranteed. http://sports.espn.go.com/nhl/news/story?id=2584306 Share this post Link to post Share on other sites
Ravens 03 0 Posted September 13, 2006 Is that legal? Share this post Link to post Share on other sites
lechuza 0 Posted September 13, 2006 i dont even consider them a franchise anymore Share this post Link to post Share on other sites
ZeroTolerance 584 Posted September 13, 2006 This could be the worst idea since Yashin recieved a 10 year deal. Hmm, I can't for the life of me remember what team made THAT decision. Share this post Link to post Share on other sites
Odie 0 Posted September 13, 2006 My friend called me up with this tad bit of info... I think i laughed for about 5 mins straight. And, the best part is , every dime is guarenteed. SO when DP is 37 yrs old, and a shell of his crap self ( hes not that good to begin with ) the islanders cap will be on the hook for 4.5 million Neil Smith and Patty Lafontaine had it right jumping ship Share this post Link to post Share on other sites
BMoney 0 Posted September 13, 2006 odie..you are so right..i thought..were they afraid that lafontaine would do this?... i remember seeing rick in juniors..he was one of the better goalies that the usa had to offer..but thats the usa.. if the devils were to give marty a lifetime deal..maybe to keep him under 4 mil now(a bargain)..but pay him in the future as a thank u..i could see it..it wouldnt be smart..but teams do it..marty deserves it after always being paid lower than he deserved.. but rick d?....15 friggen years? he hasnt even won a playoff game yet.... i love the reasoning...when he becomes a $7 mil goalie..4.5 wil be a bargain...HUH?...you drafted a 7 mil goalie already... problem was..you traded him to florida (luongo)...passed on heatley and gaborik for dipetro.. i dont know whats worse...laughing at this..or being ticked that i dont work for the isles...joke or not, i would take the job in a heartbeat...that would rock.. and they are at rock bottom.. how did a hot head loser goalie get the gm job?...unreal.. ((and i cant wait to get Brodeurs new book..the stories about agents and his hatred for patty roy are awesome...hes so right..roy is a ######...)) Share this post Link to post Share on other sites
buffalobillsffl2003 0 Posted September 13, 2006 Wang and Kumar go to White Castle. And Garth Snow is the GM Share this post Link to post Share on other sites
De Novo 0 Posted September 13, 2006 Unless the conversation went something like the following, this is relatively easy to break down. Isles: We'll give your client a 10 year deal worth $65MM. Agent: Tack on another 5 years and $2 million and you've got a deal If you assume the salary cap increases at 5% per year (we'll use this as the discount rate), they're paying him only $3.25MM per year in today's dollars (or $49MM upfront). Prima facie, doesn't seem terrible. A 10 year deal at the same per annum rate as his 15-year deal is $3.6MM in today's dollars (or $36MM upfront). What this means is that over the last 5 years, with ZERO risk of injury to Pietro, you must believe that a goalie of DiPietro's caliber would earn $2.6MM per in today's dollars over the last 5 years (49-36)/5 for a 15-year deal to make sense. More than believable. When you account for the risk that he doesn't even play out the last 5, that number rises substantially. 50% risk of not playing out (or sucking) the last 5 years means you must believe he's worth $5.2MM per year in today's dollars. Lower that number to 20% (more likely) and you have to believe he's worth $13 mil per year in today's dollars. You can obviously run this on any alternate contract length, but I used 10 years as a basis for comparison based on the Yashin deal. Point is... what an awful deal (unless their scouting department reallllllly knows something we don't) Share this post Link to post Share on other sites
TommyGavin 790 Posted September 13, 2006 I like it and you all suck Luongo is a pvssy. It is a HUGE gamble that I think will turn out ok. What IS scary when this deal is over my 8 year old will be in college or the starting CF for the Red Sox !!!! Share this post Link to post Share on other sites
De Novo 0 Posted September 13, 2006 What IS scary when this deal is over my 8 year old will be in college or the starting CF for the Red Sox !!!! What IS scary is that your 8 year old has the same odds of starting in center for the Sox as this contract working out Share this post Link to post Share on other sites
TommyGavin 790 Posted September 13, 2006 What IS scary is that your 8 year old has the same odds of starting in center for the Sox as this contract working out Share this post Link to post Share on other sites
