15 year contract... holy shit

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15 year contract... holy shit

Postby vonkaar » Wed Sep 13, 2006 8:15 pm

What the hell is wrong with certain NY teams? Is Isaiah Thomas running the Islanders now?

ESPN.com wrote:DiPietro's record 15-year deal will pay him $67.5M


UNIONDALE, N.Y. -- The New York Islanders have become the NHL's version of a three-ring circus -- and the spotlight keeps shining on the guys in net.

"I guess it's pretty beneficial to be a goaltender on Long Island right now," Rick DiPietro said Tuesday, moments after signing the longest playing contract in NHL history.

One week shy of his 25th birthday, the brash netminder from New England grabbed a pen and confidently inked his name to a 15-year deal that will pay him $4.5 million each season until 2021, totaling $67.5 million.


"Well, 15 years seems like a long time," he said before a deep sigh. "It is a long time."


Standing next to him was Garth Snow, his 37-year-old former teammate and backup, who hung up his skates earlier this summer the same day he took over as Islanders general manager. If that was strange enough, he was replacing Neil Smith, who had been on the job a little more than a month.


Snow's biggest priority suddenly became negotiating the deal to keep the Islanders' most popular player in the fold until he's nearly 40.


"At first it was a little awkward," DiPietro said.


And so it goes for the Islanders, who always seem to make more news and noise during the offseason than in winter.


"This is not a big deal," owner Charles Wang said. "You have to have a commitment to who you're working with. I've done this all my business career. Now I'm doing it in sports and everybody is like, 'Oh my God. How could he do that?"'


He's been hearing that a lot. The Islanders missed the playoffs and then led the league in summer news conferences.


Since they last played, the Islanders have hired a coach (Ted Nolan) who was out of the league since being dismissed by Buffalo in 1997; a GM (Smith) in NHL exile since he was fired by the Rangers in 2000; and then his replacement (Snow), who was set to play another season.


DiPietro's landmark deal topped the one given to enigmatic teammate Alexei Yashin in 2001, a 10-year, $87.5 million contract that sent NHL salaries soaring and led to the cap that ended last year's lockout.


It also saddled New York with a player who is nearly impossible to move and takes up a big chunk of the team's $44 million maximum payroll.


"We have to do it together," said Yashin, one of several Islanders at the news conference. "The contract is the contract, and we have to keep focus on the game now."


But with the Islanders, the focus is often elsewhere. Wang acknowledged that some people might think he's "crazy," yet he is undeterred.


DiPietro's deal is believed to be second only in length in North American sports to the 25-year pact Magic Johnson signed with the Los Angeles Lakers in 1981.

According to sources at both the NHLPA and the NHL, here's how the deal shakes out:


• As long as DiPietro wants to play for the Islanders, he will be paid for the duration of the deal barring either a trade to another NHL team or his retirement.


• If he's traded, his contract goes with him as it was negotiated and becomes the responsibility of the team that acquires him (there currently is no provision for sharing contracts between teams).


• If he formally retires, providing the league with the appropriate papers to that effect, the contract ends and does not count against the Islanders' salary cap.


"Clubs are free to make their own decisions" within the rules, NHL deputy commissioner Bill Daly said. "Time will tell whether this will be a good decision or a bad one for the Islanders."


And for DiPietro.


The Islanders will save money at the front end and won't have to worry about DiPietro becoming an unrestricted free agent down the road. DiPietro risks losing a future big payday, but he isn't looking at it that way.


"I hope at some point I'm underpaid," DiPietro said. "That means I'm playing really well and becoming an elite goaltender."


The contract is guaranteed. DiPietro will be paid in full should he retire because of injury; if he ends his career otherwise before the deal expires, he would forfeit the remaining dollars.


He will be the eighth highest-paid goalie in the NHL. Chicago's Nikolai Khabibulin and Vancouver's Roberto Luongo top the list at $6.75 million.


DiPietro was 30-24-5 with a 3.02 goals-against average in 63 games last season. He is 58-62-13 with a 2.85 GAA in 143 NHL games.


"I don't really think that player salaries are going to go up that much more to be honest. I mean, how much higher can they go?" DiPietro said.


DiPietro and Wang talked about a 15-year deal last summer when DiPietro expressed he wanted to spend his entire career with the Islanders, who made the Boston University freshman the first goalie chosen with the No. 1 pick in the 200 draft.


But hurdles regarding insurance of the contract killed those plans, and they agreed to a one-year deal worth $2.5 million.


Both sides were pressed to come to a new agreement quickly as the Islanders open training camp this week in Nova Scotia. Wang has a policy that players who aren't signed in time for camp won't play during the season.


"I wasn't worried about it," DiPietro said. "I knew that things would take care of themselves. They did, and we're happy."


ESPN.com wrote:http://sports.espn.go.com/nhl/columns/s ... id=2584726

Islanders make another senseless deal
One question in the wake of goalie Rick DiPietro's groundbreaking 15-year contract with the New York Islanders:

Why not longer?


Why not 20 years?


Or 25?


And why just DiPietro?



:ugh: :ugh: :ugh:
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Postby Tuggan » Wed Sep 13, 2006 8:20 pm

Yeah, this didn't make a whole lot of sense to me when I read that last night. DiPietro isnt really all that great, I guess that asian guy that owns the teams sees something I dont.
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Postby Arlos » Wed Sep 13, 2006 8:56 pm

That or he's just a retarded asshat. This is the same guy that gave Yashin 10 years, and hired and fired a GM within 3 months. The owner AND the team are both laughing stocks, this just makes it worse. As the ESPN article says, what happens if in 5-6 years they find a better, cheaper goalie? They want to pay 5mil a year for a backup? No way in hell they can trade him with that contract, either.

The only way this works out is if he suddenly turns into Patrick Roy's clone. Which ain't gonna happen.

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Postby Tikker » Wed Sep 13, 2006 9:17 pm

well
even if he turns into patrick roy, you have to pay him until he's 40


FORTY!!!!!


NHL contracts are guaranteed
it's not like the NFL where you can just cut the dude and be done

the thing about that article that pissed me off the most though is that they somehow forgot about Gretzky's 20 year contract with Edmonton
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Postby Phlegm » Wed Sep 13, 2006 9:36 pm

That's a lot of money for a goalie with a subpar .500 career record.
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Postby Gidan » Thu Sep 14, 2006 9:10 am

I can’t believe they actually signed that guy for 15 years. Who wants to bet in 2 years they already regret it.
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Postby Tikker » Thu Sep 14, 2006 9:59 am

years? i think you meant months
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Postby Zanchief » Thu Sep 14, 2006 10:00 am

This smacks of an Isaiah Thomas move. The minute it's signed every other GM in the league smirks.

When your average sports fan has a better understanding of whats going, that's not a good thing.
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Postby Tikker » Thu Sep 14, 2006 10:05 am

yeah

when they signed Gretzky to a 20 year contract, no one really blinked (ie, he was already the best player in the league, and no salary cap)

but signing a middling goalie for elite goalie money until he's 40!!!! when most goalie's finish up at 30-33
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Postby Gidan » Thu Sep 14, 2006 10:12 am

I couldn't imagine trying to play goalie at 40, you just lose way to much by that point that and only the very best can still compete, he aint one of them.
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Postby Zanchief » Thu Sep 14, 2006 10:14 am

What I don't get is if you're going to sign him to such a long deal, aren't you gonna get him at a bargain? What's the teams incentive to sign him to that ridiculous deal if they could have just signed the same amount for like 3 or 4?
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Postby Tikker » Thu Sep 14, 2006 10:24 am

exactly

if they locked him up for 15 years at 2-2.5m per season then maybe it's worthwhile (i still don't think so, but at least there maybe is some logic)

maybe the dude who signed him has a delorean and owns a copy of a sports almanac
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Postby Gidan » Thu Sep 14, 2006 10:27 am

I would be really amused if in 15 years people look back at the career of the single best goalie in NHL history and how great a deal this was. Of course we all know that wont happen.
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Postby Zanchief » Thu Sep 14, 2006 10:29 am

Just think, in 14 years that's gonna be a sweet expiring contract.
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Postby Gidan » Thu Sep 14, 2006 10:31 am

The GM at that time will probably have a little countdown calendar going on his desk that year just waiting for the day he can dump him.
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Postby Snero » Thu Sep 14, 2006 10:41 am

tikker, gretzky signed a 21 year personal services contract with pocklington, I don't think it replaced his professional hockey contract. He had a few different deals over the years with different teams, if he was signed to a 21 year deal, he would never have been a free agent

edit: that or it was dissolved when the oilers were brought into the NHL
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Postby Tikker » Thu Sep 14, 2006 11:34 am

Snero wrote:tikker, gretzky signed a 21 year personal services contract with pocklington, I don't think it replaced his professional hockey contract. He had a few different deals over the years with different teams, if he was signed to a 21 year deal, he would never have been a free agent

edit: that or it was dissolved when the oilers were brought into the NHL


gretzky signed the 20 year contract in 1979 after the oilers were in the NHL

they tore up the contract and did a new one after about 4 years
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Postby Snero » Thu Sep 14, 2006 12:24 pm

ahh that would explain it

btw the islanders are a huge joke, one thing nobody has mentioned here. When they signed and then fired their new GM a few months later, the guy who replaced neil smith (the 3 month gm) was their BACKUP GOALIE. Garth Snow has absolutely no experience in running a hockey club. I hear next year when isaiah is fired, the knicks are going to make jerome james their new GM
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Postby Zanchief » Thu Sep 14, 2006 12:28 pm

Could he be worse?
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Postby Snero » Thu Sep 14, 2006 12:45 pm

people thought that about milbury (granted he's probably still in charge) but dipietro only signed his 15 year monstrosity after milbury was replaced.

I think the knicks could get worse, hell they keep talking about trading for kenyon martin, trade channing frye and expirings for kenyon and that would be worse then most of what isiah has done
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Postby Zanchief » Thu Sep 14, 2006 12:54 pm

Marbury wants Kevin Garnett on the Knicks. It makes me wonder how deep he thinks the Knicks are. If the Wolves were aloud to take any number of players on the Knicks and include any number of players from their own team, provided it included Garnett, I don't see how the Wolves could come up with a fair deal.
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Postby Snero » Thu Sep 14, 2006 1:39 pm

ya, the knicks have nothing to trade for garnett. The only way I see marbury and garnett playing together would be if the wolves traded back for marbs, but thats not happening as long as the greatest gm ever is still in town
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Postby vonkaar » Thu Sep 14, 2006 1:44 pm

The Wolves would definitely be interested in Frye... they might look at 07 draft picks, expiring contracts... and 'maybe' Franchise. Moving Garnett is basically 'giving up' and going back into 'rebuilding' mode. They saw what Chicago got from NYs 06 draft pick, a high pick like that would really be tempting.
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Postby Naethyn » Thu Sep 14, 2006 3:22 pm

Tikker wrote:maybe the dude who signed him has a delorean and owns a copy of a sports almanac


hahahaa
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