Milo Meningocele Posted January 11, 2008 Share Posted January 11, 2008 Looks like Alex Ovechkin's gonna be in Washington a while: link to story Link to comment Share on other sites More sharing options...
LuvTheNats Posted January 11, 2008 Share Posted January 11, 2008 About time the Capitals brass got this taken care of...LONG over due in my opinion. Link to comment Share on other sites More sharing options...
gingerbreadmann Posted January 11, 2008 Share Posted January 11, 2008 Why do hockey players get such long contracts? (i.e. DiPietro, 15 years). What if something happens? Link to comment Share on other sites More sharing options...
DEAD! Posted January 11, 2008 Share Posted January 11, 2008 Well, there's one person who will definitely outlast the next American president in Washington. I saw, I came, I left. Link to comment Share on other sites More sharing options...
rams80 Posted January 11, 2008 Share Posted January 11, 2008 Why do hockey players get such long contracts? (i.e. DiPietro, 15 years). What if something happens?Salary CapEDIT-I see hfboards has crashed again. On 8/1/2010 at 4:01 PM, winters in buffalo said: You manage to balance agitation with just enough salient points to keep things interesting. Kind of a low-rent DG_Now. On 1/2/2011 at 9:07 PM, Sodboy13 said: Today, we are all otaku. "The city of Peoria was once the site of the largest distillery in the world and later became the site for mass production of penicillin. So it is safe to assume that present-day Peorians are descended from syphilitic boozehounds."-Stephen Colbert POTD: February 15, 2010, June 20, 2010 The Glorious Bloom State Penguins (NCFAF) 2014: 2-9, 2015: 7-5 (L Pineapple Bowl), 2016: 1-0 (NCFAB) 2014-15: 10-8, 2015-16: 14-5 (SMC Champs, L 1st Round February Frenzy) Link to comment Share on other sites More sharing options...
Don Posted January 11, 2008 Share Posted January 11, 2008 ABOUT DAMN TIME! "I don't understand where you got this idea so deeply ingrained in your head (that this world) is something that you must impress, cause I couldn't care less"http://keepdcunited.org Link to comment Share on other sites More sharing options...
zer0dotcom Posted January 11, 2008 Share Posted January 11, 2008 I was almost certain that he'd leave the Caps. I don't know where they've pulled all this money from. Thinking about it now, it's probably the best thing to do. He's a guy that you'll want to build the future around. Goaltending is going to be an issue for the team very soon. Kolzig is 38 this year be around forever, Though I would say it's very likely he's finish up as a Capital. I'd like to know what their minor league system is like right now. If they had a good crop of young guys coming up this would be perfect.If not, they have alot of work to do to make the Caps into a winner Link to comment Share on other sites More sharing options...
Don Posted January 11, 2008 Share Posted January 11, 2008 the Caps have alot of good young players, but goaltending is where the system is lacking, and i think we need goaltending now. theyre getting alot better this year, and if theyre going to make a push, we need a stable goalie. i love Olie, he makes the big saves when he needs but now he doesnt make the saves he should make, and lets in alot of softies. but the team is headed in the right direction, especially now. "I don't understand where you got this idea so deeply ingrained in your head (that this world) is something that you must impress, cause I couldn't care less"http://keepdcunited.org Link to comment Share on other sites More sharing options...
habsfan1 Posted January 11, 2008 Share Posted January 11, 2008 ... Link to comment Share on other sites More sharing options...
habsfan1 Posted January 11, 2008 Share Posted January 11, 2008 Why do hockey players get such long contracts? (i.e. DiPietro, 15 years). What if something happens?It looks like this is what all the teams will do from now on. Crosby and Kane are next. This trend will last until someone gets injured seriously enough that it slows down their play. Link to comment Share on other sites More sharing options...
spyboy1 Posted January 11, 2008 Share Posted January 11, 2008 $9.5 Million a year? I thought there was a salary cap in the NHL.And he negotiates his own contract? Is there anything this guy can't do? I guess the Soviets have really got a handle on this capitalism thing now.http://www.youtube.com/watch?v=mopnsea1OoYHere's my Ovechkin jersey, as worn in the first period of his first ever NHL game, Oct. 10th, 2005, with the Katrina/Cares patch. Click here to read Third String Goalie - The Hockey Jersey of the Day Blog Click here to see my hockey and baseball jersey collection online ?You don?t like to see 20 kids punching 20 other kids. But it?s not a disgrace, It?s hockey.? - Michael Farber Link to comment Share on other sites More sharing options...
zer0dotcom Posted January 11, 2008 Share Posted January 11, 2008 $9.5 Million a year? I thought there was a salary cap in the NHL.And he negotiates his own contract? Is there anything this guy can't do? I guess the Soviets have really got a handle on this capitalism thing now.http://www.youtube.com/watch?v=mopnsea1OoYHere's my Ovechkin jersey, as worn in the first period of his first ever NHL game, Oct. 10th, 2005, with the Katrina/Cares patch. I love that jersey, but have yet to be able to find one in the EDGE led clearout of last year's uniforms Link to comment Share on other sites More sharing options...
capsfan1000 Posted January 11, 2008 Share Posted January 11, 2008 About time this happened. The Caps locked up our best player for most of is carrer. As for the lack of goalies in the system they have Michal Neuvirth and Semen VarlamovOne part of the contract I found interesting is the contract contains a limited movement clause that kicks in when he's 27, at which point Ovechkin will submit a list of teams to which he would refuse a trade prior to each season. McPhee wouldn't say how many teams, but it was a "few" more than five.-from Washington Post Capitals insiderI wonder what that says about Ovechkin's future Link to comment Share on other sites More sharing options...
philly97flyer Posted January 11, 2008 Share Posted January 11, 2008 Thats the way you get around the Salary Cap so to speak. These days, guys cant get the outrageous money they used to be able to get, so they get years instead. Link to comment Share on other sites More sharing options...
tp49 Posted January 11, 2008 Share Posted January 11, 2008 A 13 year contract is sheer madness. Is Charles Wang running the Capitals now? I could see a 5 or maybe even a 7 year deal but this is just as crazy as Dipietro's contract. Link to comment Share on other sites More sharing options...
Joshawaggie Posted January 11, 2008 Share Posted January 11, 2008 Both Ovechkin and DiPietro will never make those contracts to the end with those teams, guaranteed. @josh_j12 CFA- Fargo Bobcats Link to comment Share on other sites More sharing options...
jkrdevil Posted January 11, 2008 Share Posted January 11, 2008 Why do hockey players get such long contracts? (i.e. DiPietro, 15 years). What if something happens?Salary CapEDIT-I see hfboards has crashed again.Correct. These long term contracts are due to the salary cap. The cap number is the average amount of what the player makes per year over the term of his contract. That means in this case Ovechkin's cap number is 9.5 million for the next 13 years. So has the cap keeps going up (and a historical look at league revenues says that it will) that 9.5 becomes a lower and lower percentage of the cap and the contract 6-7 years down till the end of the contract is a bargain. If they only signed him to a six year deal they would probably have to resign at another near max. deal which then may be something like 15 million per year. That said the league will probably look to put a limit on the length of contracts comes the next CBA. Reason being is that these long contracts are unirsurable which mean if the player goes down with a career ending injury the team has to pay the full contract out themselves instead of insurance paying it. Secondly teams can play games with these type contracts by front loading them which means in actual dollars spent they are spending above the cap but the cap dollar is lower because it is an average. Although that is not the case with Ovechkin it is 9 million the first 6 years, 10 million the last 7. Link to comment Share on other sites More sharing options...
Mac the Knife Posted January 11, 2008 Share Posted January 11, 2008 Correct. These long term contracts are due to the salary cap. The cap number is the average amount of what the player makes per year over the term of his contract. That means in this case Ovechkin's cap number is 9.5 million for the next 13 years. So has the cap keeps going up (and a historical look at league revenues says that it will) that 9.5 becomes a lower and lower percentage of the cap and the contract 6-7 years down till the end of the contract is a bargain. If they only signed him to a six year deal they would probably have to resign at another near max. deal which then may be something like 15 million per year. That said the league will probably look to put a limti on the length of contracts comes the next CBA. Reason being is that these long contracts are unirsurable which mean if the player goes down with a career ending injury the team has to pay the full contract out themselves instead of insurance paying it. Secondly teams can play games with these type contracts by front loading them which means in actual dollars spent they are spending above the cap but the cap dollar is lower because it is an average. Although that is not the case with Ovechkin it is 9 million the first 6 years, 10 million the last 7.Exactly. It's like buying a house - if you're smart, you buy the absolute maximum house you can afford to make monthly payments on. It hurts like hell at first financially, but over time as inflation creeps in, your salary goes up, etc., the amount in 'real dollars' gets to be less and less. My parents bought a house in 1960 with mortgage payments of around $100 a month. Seemed a lot at the time, but by 1975, it was chump change. Link to comment Share on other sites More sharing options...
mantleisthebest7 Posted January 11, 2008 Share Posted January 11, 2008 I thought A-Rod's new Yankee contract was ridiculous. Then this comes along? Good grief. Jimmy Eat World Link to comment Share on other sites More sharing options...
Joshawaggie Posted January 11, 2008 Share Posted January 11, 2008 I thought A-Rod's new Yankee contract was ridiculous. Then this comes along? Good grief.No, it's still ridiculous. Way more than Ovechkin. @josh_j12 CFA- Fargo Bobcats Link to comment Share on other sites More sharing options...
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