Crosby Re-Signed - 8.7 per 12 years!

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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Pens15 on Thu Jun 28, 2012 12:43 pm

From what I hear, the new CBA will ban these long deals. I don't think we can expect Malkin to settle for the same cap hit. The way I see it, Sid took less in exchange for the longer term. That won't be an option for Malkin.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Corvidae on Thu Jun 28, 2012 12:44 pm

Hawkeynut wrote:Somewhere out on his fishing trip Malkin is crying....

Curious to see how this floats next year with 71. Will he take the carbon copy deal like last time? I gamble to say... yes (assuming the new CBA allows such deals).


Yeah, I'm sure he's inconsolable. :roll:
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby columbia on Thu Jun 28, 2012 12:44 pm

It's already on Cap Geek:
http://capgeek.com/charts.php?Team=26


And man does that look sweet.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby aoneil66 on Thu Jun 28, 2012 12:48 pm

I'm guessing that Shero and Co brought up the pending Malking contract to Crosby prior to this agreement. Knowing what we know of Sid he offered to stay where he was $ wise so they didn't have to lose guys like malkin/letang, etc. I wouldn't think it matters to Sid if geno makes $9 per year on a shorter term after 2014.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby viva la ben on Thu Jun 28, 2012 12:51 pm

Image
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Pens15 on Thu Jun 28, 2012 12:53 pm

Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby MRandall25 on Thu Jun 28, 2012 12:54 pm

Pens15 wrote:Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.


:face:
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Sam's Drunk Dog on Thu Jun 28, 2012 12:55 pm

I like it. I love it.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby blurryhaze312 on Thu Jun 28, 2012 12:55 pm

columbia wrote:It's already on Cap Geek:
http://capgeek.com/charts.php?Team=26


And man does that look sweet.


UFA year 2025 :lol:

:fist:
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Malkamaniac on Thu Jun 28, 2012 12:56 pm

Pens15 wrote:Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.


While that may be the case, I'm 100% convinced that Crosby had neck issues and not Head issues. Once they "re-diagnosed" his injury, he was on the ice in no time.

That being said, the Pens are smart enough to understand the risk and you still sign this guy. His name alone will re-pay all the money if not most of it back in Jersey sales/merchandise.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby meow on Thu Jun 28, 2012 12:56 pm

Pens15 wrote:Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.

Wow dude. Enjoy it for awhile.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Mr. Colby on Thu Jun 28, 2012 12:56 pm

MRandall25 wrote:
Pens15 wrote:Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.


:face:


Why the face palm? Looks like a spot-on statement to me
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Mr. Colby on Thu Jun 28, 2012 12:56 pm

Still can enjoy it while being realistic, right?
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby MRandall25 on Thu Jun 28, 2012 12:57 pm

Mr. Colby wrote:
MRandall25 wrote:
Pens15 wrote:Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.


:face:


Why the face palm? Looks like a spot-on statement to me


Enjoy the fact we have the best player in the world for the rest of his career. Everyone is susceptible to health issues.

Sid's talent level > the risk.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Mr. Colby on Thu Jun 28, 2012 12:59 pm

Uhh yeah and no one is debating that.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby DelPen on Thu Jun 28, 2012 12:59 pm

Pens15 wrote:Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.


It's the cap hit that matters here. The Pens have already made back the $104 million by getting Console, even if he were to retire and they still had to pay him the full contract the cap hit would disapear and the lower cap hit now means they can sign better players.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby viva la ben on Thu Jun 28, 2012 1:00 pm

What are the repercussions if Sid's health becomes an issue anyways, we're not dealing with a +35 yo contract.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Henry Hank on Thu Jun 28, 2012 1:00 pm

A great day in Penguins history
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Fire0nice228 on Thu Jun 28, 2012 1:01 pm

IF he gets hurt Pens put him on LTIR and get the cap space back or he retires (and they get the cap space back) and gets a front office job. I don't see much downside here.. but then again I don't write the checks while players sit on the LTIR like they did when they brought Kovalev in while still paying Sid/Geno to be on injury list.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Corvidae on Thu Jun 28, 2012 1:01 pm

Mr. Colby wrote:Still can enjoy it while being realistic, right?


It's better than talking about how sad Malkin is.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby penny lane on Thu Jun 28, 2012 1:02 pm

meow wrote:
Pens15 wrote:Not to interrupt the love fest, but this isn't just Sid doing the Pens a favor. There is significant risk here for the team if Crosby has future health issues. Sid traded potential extra money for more security right now.

Wow dude. Enjoy it for awhile.

:thumb:
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby ffemtreed on Thu Jun 28, 2012 1:02 pm

i don't think there is much risk of future injuries and it hurting the Pens. If Crosby has major head injuries and can't play he will just retire and since his contract was signed before age 35 it won't count against the cap and the pens are off the hook to pay him. With any other type of injury the pens can just put him in LTIR and use some of his cap space for a replacement player.

About the only risk I see is if Sid is indeed injured and he decides to try an dick the pens over, which i don't see any indication of him wanting to do that.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Fire0nice228 on Thu Jun 28, 2012 1:02 pm

viva la ben wrote:What are the repercussions if Sid's health becomes an issue anyways, we're not dealing with a +35 yo contract.


He retires and it goes off the books.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby mikey287 on Thu Jun 28, 2012 1:05 pm

Fire0nice228 wrote:
viva la ben wrote:What are the repercussions if Sid's health becomes an issue anyways, we're not dealing with a +35 yo contract.


He retires and it goes off the books.


For salary cap purposes, this is correct.
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Re: Crosby Re-Signed - 8.7 per 12 years!

Postby Pens15 on Thu Jun 28, 2012 1:05 pm

viva la ben wrote:What are the repercussions if Sid's health becomes an issue anyways, we're not dealing with a +35 yo contract.


Worst case scenario would be several more years like this year where he's up in the air and we continue to hear the word "symptoms" all the time. If he does retire you're off the hook cap wise, but you figure that it could drag on for years before he retires. Plus it's still real money the Pens have to pay and despite recent success this org is not a bottomless cash pit like some other orgs.

Just to be clear though I actually am optimistic that Sid will be fine and I am quite happy with this news. Merely making some observations from a business perspective.
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