Tuesday, July 10, 2007


Sidney Crosby Signs for 5 Years

As posted by my partner-in-crime, 'snoopyjode', over at The Sidney Crosby Show

Sidney has signed with the Penguins for $45 million for the 5 more years!!! That means Pens fans get to watch Sid work his magic for at least 6 more years!!! Details of his contract can be found in this article by Rob Rossi from the Pittsburgh Tribune-Review:

With an average annual salary of $9 million, Crosby stayed true to his word and did not command top available dollar from the Penguins. Under the collective bargaining agreement Crosby could have earned 20 percent of the $50.3 million salary cap, or $10,060,000 per season.


His new deal will make him among the highest-paid players in the NHL and is one of the richest in club history.

To those people who think the new contract is too expensive, I have but this to say: The best player in the NHL is one of the highest-paid players? It certainly makes sense to me. But even though it is without a doubt a lucrative deal for the Wizard of Croz, he still COULD have used his status as leverage to extract every cent he possibly could from the Penguins (because, as stated in previous posts, you KNOW that Ray Shero isn't going to let Sid get away). But instead, he chose to accept a deal that will help Shero be able to afford to keep some of the other young Pens stars in the future. Wow.

(Jes: This deal is definitely fair to Sidney, and allows the Penguins a bit more room to re-sign Crosby's talented teammates.

So, don't buy those CROSBY #87 Canadiens sweaters any time soon. )

Edit: According to new reports, the deal is actually $8.7mil/season over the 5 years, and not $9mil. I guess Crosby really loves that damn number.


1) The 9 mil/year IS a discount for the games best player, but even at that 'discount' the pens will still have difficulty retaining ALL the stars unless trhe cap continues to rise 5 mil/year AND they are prepared to annually go to the cap max.
2) In 2 years BOTH Malkin AND Staal will be RFA's. Not to mention Fleury will be a RFA after next eyar abd due a big raise. Will they too take a discount and get paid considerably less than Sid when they could get 7,8,9 or even 10 mil from an offer sheet that the Pens can't/won't match??
If Sid loves the number 87, that means his next contract could be for 8 years at $70 million? Or an $87 million contract?
"I guess Crosby really loves that damn number."

Never even noticed that initially. Nice catch.
When I heard the figures on the radio I was doing the math and realized it was 8.7 I thought to myself, was this all the negotiations were about? whats the best way to average it out to 8.7?

Don't get me wrong, he's the best player in the league, and deserves to be compensated as such (unlike Vanek's now overinflated worth) but how are the pens supposed to keep their core together if his idea of a discount is to base his salary on his jersey number?

I think that team is planning to win a cup before guys like Malkin become RFA's. It would make sense considering how many role players they've signed. I did not see them as legit contenders last year, but this year, they have to be one of the favorites. Which pisses me off considering they are a rival team, and my team is too busy signing Ranger rejects.
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