UPDATE: Luongo signs 12 year/5.25 per year contract

http://www.rds.ca/hockey/chroniques/281577.html

EDIT: RDS is stupid, they just changed it to 12 years/63 million - a 5.25 cap hit.

HOLY FACK!!!!!!!

That's way too Diddle much, sorry to say Canucks.
I mean, the guy is already 30, and they want to pay him that much money for 12 years? Piss off.

I'm fine with the length... but that's a lot of money over that length. Wow.

PKC wrote:That's way too Diddle much, sorry to say Canucks.
I mean, the guy is already 30, and they want to pay him that much money for 12 years? Piss off.

Agreed PFK. Not a nice, tiny contract like saaaaaaaay Derick Brassard.

SpezDispenser wrote:7.25 million X 12 years?!!?!?!??!!

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http://www.rds.ca/hockey/chroniques/281577.html[/quote[/url]]

This guy is money. Granted he has not won anything of significance yet, but he has that certain mystique about himl, and no one can debate his talent.

Good for him. Given player salaries for guys of his ability, I don't find the annual salary that unpalatable. Term.....well, that's become the norm these days.

Thank god. Now Bobby Lou and his family can afford to get off food stamps. I'm guessing the Canuckleheads are assuming he retires before the contract ends, AKA his adult diaper years?

The salary breakdown by year:

Length: 12 years
Cap hit: $7.250M/year
Total value: $87M

2010-2011: $10 million
2011-2012: $6.716 million
2012-2018: $6.714 million
2018-2019: $3.382 million
2019-2020: $1.618 million
2020-2021: $1 million
2021-2022: $1 million

WOW!

Those last three years are pretty suspect...



I smell an investigation.

Could this mean monkhouse wants to jettison B-Lu now? :^^^^:

shabbs wrote:I'm fine with the length... but that's a lot of money over that length. Wow.

This. Yesterday I heard it was 5.3, which is quite reasonable over a 12 year term, but 7.25? Are you nuts?

These are the kind of mistakes made by newbie GMs.

SpezDispenser wrote:

shabbs wrote:I'm fine with the length... but that's a lot of money over that length. Wow.

This. Yesterday I heard it was 5.3, which is quite reasonable over a 12 year term, but 7.25? Are you nuts?

These are the kind of mistakes made by newbie GMs.

Yeah, $5.5M or $5.3M average over 12 years would have been "good". This is ridiculous.

shabbs wrote:

SpezDispenser wrote:

shabbs wrote:I'm fine with the length... but that's a lot of money over that length. Wow.

This. Yesterday I heard it was 5.3, which is quite reasonable over a 12 year term, but 7.25? Are you nuts?

These are the kind of mistakes made by newbie GMs.

Yeah, $5.5M or $5.3M average over 12 years would have been "good". This is ridiculous.

The numbers they give do add up to 5.33 at a 64 mil dollar price tag

Yeah, but Bobby Lu gets to drive the Zamboni when he retires.

Amnesia021 wrote:

shabbs wrote:

SpezDispenser wrote:

shabbs wrote:I'm fine with the length... but that's a lot of money over that length. Wow.

This. Yesterday I heard it was 5.3, which is quite reasonable over a 12 year term, but 7.25? Are you nuts?

These are the kind of mistakes made by newbie GMs.

Yeah, $5.5M or $5.3M average over 12 years would have been "good". This is ridiculous.

The numbers they give do add up to 5.33 at a 64 mil dollar price tag

Which numbers are you talking about? The ones RDS posted?