Crosby signs 2 year extension $8.7M AAV

[Admin]

[lemieuxReturns]

Sid obviously will play longer than those 2 more seasons. I imagine this is to see what they do with Geno and what the 'retool' looks like.

[KG]

Great team friendly move by Sid. He could have basically asked for anything he wanted and Dubas would of had to have given it to him. He still wants to win. Hopefully KD can build a better team around the captain over the next few seasons. Sid deserves that.

[penny lane]

JOY!


Article posted minutes prior to signing.

Crosby is just four points shy of 1,600 in his career and 45 points away from tying Joe Sakic for ninth on the NHL’s all-time points list. Meanwhile, Ovechkin is chasing Wayne Gretzky for the NHL’s all-time goals record. The Great Eight sits just 42 goals shy of eclipsing The Great One’s mark of 894.

[Pens4Life]

Sid obviously will play longer than those 2 more seasons. I imagine this is to see what they do with Geno and what the 'retool' looks like.

Not that sure tbh.. he is now contracted for 3 seasons overall,after 2026-2027 he could retire, especially if we go into rebuild...

[KG]

[Pens4Life]

Hats off to Sid for another team friendly deal, Captain with capital C!

[DelPen]

This is outstanding but I still would had given him 8 years and $50 million and front loud it assuming he’s not playing more than 5.

[Antonio]

I would bet that is his last contract. Good deal though.

[Wyopen]

Excellent. A genuinely great person and team player! Mario 2.0.

[FLPensFan]

I would bet that is his last contract. Good deal though.

I'd say 50/50. Signs for 2 years, looks to see where he is going into the last year. Is his body and level of play still where he wants it to be? Is the team where he wants it to be?

He can keep signing 1 or 2 year deals until he's ready to retire. I could see one more deal after this one, for 1-2 years.

[toby91_ca]

Sid obviously will play longer than those 2 more seasons. I imagine this is to see what they do with Geno and what the 'retool' looks like.

Obviously? I think the chances are better he doesn't play beyond those 2 years than he does. He'll be 40 at that point. Not saying he wont' keep playing, but it's far from obvious.

[Antonio]

I would bet that is his last contract. Good deal though.

I'd say 50/50. Signs for 2 years, looks to see where he is going into the last year. Is his body and level of play still where he wants it to be? Is the team where he wants it to be?

He can keep signing 1 or 2 year deals until he's ready to retire. I could see one more deal after this one, for 1-2 years.

Agreed that IF he played more, it would be a 1 yr deal. I just don't think it will happen given the trajectory of everything but I would not be shocked beyond words to see one more 1 year deal after, but I say maybe 10% in my opinion. I am 90% this is the last deal he signs.

[Puck-Lurker]

The hero we need, but don't deserve.

Welcome back, Captain.


I'll go back to bouncing about being silly amounts of happy

[E-Ramone]

This is great news! Seems like yesterday when he signed that 10-year extension too. Time flies! I've tried to cherish every game I get to see him play because someday it'll all be in the past, and we'll all long for them forever. Hopefully, the Pens can make a couple more runs for the Cup!

[Daniel]

I hate it, now we have one less conspiracy theory to discuss.

Seriously, I can imagine he'll do that until he's 2 years from retiring. Glad he's staying and hope he wants to finish his career in Pittsburgh.

[stonewizard51]

This is outstanding but I still would had given him 8 years and $50 million and front loud it assuming he’s not playing more than 5.

He's left quite a few million on the table over the years. That's so Sid.

[Sams_Dog]

So does this contract count as a 35+ contract or not? The bonuses may affect that. Not that I am worried about the team getting their moneys worth but God forbid he gets hurt and retired early he may have saved them team even more. We are so lucky to have him.

[Puck-Lurker]

So does this contract count as a 35+ contract or not? The bonuses may affect that. Not that I am worried about the team getting their moneys worth but God forbid he gets hurt and retired early he may have saved them team even more. We are so lucky to have him.

Salary and bonuses are lumped together for that calculation. So his contract is in fact not a 35+ contract. It has 8.7M salary + bonuses in both years. Tax shenanigans probably, but nothing that impacts the cap should he decide to retire early

Let's face it, he won't. He's Crosby.

I think this 2 year deal is very team friendly and it also gives Sid a free hand to consider how long he wants to keep playing when the two years are up. Maybe another two year deal, maybe a one year deal and just consider what's next every time it's due.

Any player like this for 8.7M is a steal. Period.

[BigMcK]

A win for the player and for the organization. Sid is financially set for life, unless he buys an Ostrich egg farm. FSG incorporated isn't loving sleep over the deal.

If what I read is correct, Sid, at age 38, will sell tickets, but isn't going against any rebuild. Three Stanley Cup wins as the Captain, all with one team.

The goal should be about bringing in the next generation of players that will learn professional lessons from professional winners . Sid, Geno, Tanger.

Cupboard is filled with Stanley Cup champions. If I were a upcoming talent, I sit next to them at team dinners, shut my mouth and ask for advice.

[FLPensFan]

So does this contract count as a 35+ contract or not? The bonuses may affect that. Not that I am worried about the team getting their moneys worth but God forbid he gets hurt and retired early he may have saved them team even more. We are so lucky to have him.

Salary and bonuses are lumped together for that calculation. So his contract is in fact not a 35+ contract. It has 8.7M salary + bonuses in both years. Tax shenanigans probably, but nothing that impacts the cap should he decide to retire early

Let's face it, he won't. He's Crosby.

I think this 2 year deal is very team friendly and it also gives Sid a free hand to consider how long he wants to keep playing when the two years are up. Maybe another two year deal, maybe a one year deal and just consider what's next every time it's due.

Any player like this for 8.7M is a steal. Period.

I'm sorry, that answer is incorrect. Crosby hits two items that make this count as a 35+ contract:
--#1, he has an increasing salary year over year
--#2, he has a signing bonus beyond year 1 of his contract

Both of those items make this a 35+ contract. So if he retired early, the full cap hit would count against the cap. On a 2 year deal...I'm not worried.

[ahawk9]

Even if he were to retire early for some reason, they could take the cap hit. Malkin will be off the books , and I'd assume one of Rust or Rakell will be traded for picks/prospects. Jarry, if we're lucky, could be moved. I don't see salary cap ceiling being an issue for a little while. I could be wrong. It's one of the reasons I feel like they'd be better off not buying out Graves if he has another terrible year. Let it ride as long as possible.

[Puck-Lurker]

So does this contract count as a 35+ contract or not? The bonuses may affect that. Not that I am worried about the team getting their moneys worth but God forbid he gets hurt and retired early he may have saved them team even more. We are so lucky to have him.

Salary and bonuses are lumped together for that calculation. So his contract is in fact not a 35+ contract. It has 8.7M salary + bonuses in both years. Tax shenanigans probably, but nothing that impacts the cap should he decide to retire early

Let's face it, he won't. He's Crosby.

I think this 2 year deal is very team friendly and it also gives Sid a free hand to consider how long he wants to keep playing when the two years are up. Maybe another two year deal, maybe a one year deal and just consider what's next every time it's due.

Any player like this for 8.7M is a steal. Period.

I'm sorry, that answer is incorrect. Crosby hits two items that make this count as a 35+ contract:
--#1, he has an increasing salary year over year
--#2, he has a signing bonus beyond year 1 of his contract

Both of those items make this a 35+ contract. So if he retired early, the full cap hit would count against the cap. On a 2 year deal...I'm not worried.

Yep. That is definitely wrong

I read over the line in the CBA with the signing bonuses past year 1 and focused on the deal being the same sum per year.

Hmm.. I suppose it's because in the hypothetical case he were to leave... The team he goes to would take on the cap hit, but not the real world money. Sid will be paid >90% of his salary at the start each season. That guarantees the money for Sid and also makes it even more appealing to anyone who might have him on his team.

He's not leaving unless he retires though. I will NOT be wrong about that.

[FLPensFan]

So does this contract count as a 35+ contract or not? The bonuses may affect that. Not that I am worried about the team getting their moneys worth but God forbid he gets hurt and retired early he may have saved them team even more. We are so lucky to have him.

Salary and bonuses are lumped together for that calculation. So his contract is in fact not a 35+ contract. It has 8.7M salary + bonuses in both years. Tax shenanigans probably, but nothing that impacts the cap should he decide to retire early

Let's face it, he won't. He's Crosby.

I think this 2 year deal is very team friendly and it also gives Sid a free hand to consider how long he wants to keep playing when the two years are up. Maybe another two year deal, maybe a one year deal and just consider what's next every time it's due.

Any player like this for 8.7M is a steal. Period.

I'm sorry, that answer is incorrect. Crosby hits two items that make this count as a 35+ contract:
--#1, he has an increasing salary year over year
--#2, he has a signing bonus beyond year 1 of his contract

Both of those items make this a 35+ contract. So if he retired early, the full cap hit would count against the cap. On a 2 year deal...I'm not worried.

Yep. That is definitely wrong

I read over the line in the CBA with the signing bonuses past year 1 and focused on the deal being the same sum per year.

Hmm.. I suppose it's because in the hypothetical case he were to leave... The team he goes to would take on the cap hit, but not the real world money. Sid will be paid >90% of his salary at the start each season. That guarantees the money for Sid and also makes it even more appealing to anyone who might have him on his team.

He's not leaving unless he retires though. I will NOT be wrong about that.

So are you saying I'm wrong or you are wrong? LOL, not arguing, just asking. Did you read the CBA, or did you read the MOU that was signed in 2020? I think, re-reviewing this and also looking at Jeff Carter's contract, I'm wrong on point #1 but definitely right on point #2. Re-reading, there would be an issue if Crosby's salary decreased, not increased. That's what Carter's did...he was paid 250k less in the 2nd year, which was enough to classify his contract as 35+. Having a signing bonus beyond year 1 definitely puts the contract into the 35+ contract state.

Here's the MOU from 2020
64. 35+ Year Old Rule for Cap
Counting
CBA §50.5(d)(i)(B)(5) shall have no application to a multi-year
SPC that has: (1) total compensation (Player Salary and Bonuses)
that is either the same as or increases from one League Year to
the immediately subsequent League Year, and (2) a Signing
Bonus, if any, that is payable in the first year of the SPC only.

Here's the CBA from 2012
(5) All Player Salary and Bonuses earned in a League Year by
a Player who is in the second or later year of a multi-year
264
ARTICLE 50 50.5-50.5
SPC which was signed when the Player was age 35 or older
(as of June 30 prior to the League Year in which the SPC is
to be effective), but which Player is not on the Club's
Active Roster, Injured Reserve, Injured Non-Roster or
Non-Roster, and regardless of whether, or where, the
Player is playing, except to the extent the Player is playing
under his SPC in the minor leagues, in which case only the
Player Salary and Bonuses in excess of $100,000 shall
count towards the calculation of Averaged Club Salary;
plus

[Puck-Lurker]

So does this contract count as a 35+ contract or not? The bonuses may affect that. Not that I am worried about the team getting their moneys worth but God forbid he gets hurt and retired early he may have saved them team even more. We are so lucky to have him.

Salary and bonuses are lumped together for that calculation. So his contract is in fact not a 35+ contract. It has 8.7M salary + bonuses in both years. Tax shenanigans probably, but nothing that impacts the cap should he decide to retire early

Let's face it, he won't. He's Crosby.

I think this 2 year deal is very team friendly and it also gives Sid a free hand to consider how long he wants to keep playing when the two years are up. Maybe another two year deal, maybe a one year deal and just consider what's next every time it's due.

Any player like this for 8.7M is a steal. Period.

I'm sorry, that answer is incorrect. Crosby hits two items that make this count as a 35+ contract:
--#1, he has an increasing salary year over year
--#2, he has a signing bonus beyond year 1 of his contract

Both of those items make this a 35+ contract. So if he retired early, the full cap hit would count against the cap. On a 2 year deal...I'm not worried.

Yep. That is definitely wrong

I read over the line in the CBA with the signing bonuses past year 1 and focused on the deal being the same sum per year.

Hmm.. I suppose it's because in the hypothetical case he were to leave... The team he goes to would take on the cap hit, but not the real world money. Sid will be paid >90% of his salary at the start each season. That guarantees the money for Sid and also makes it even more appealing to anyone who might have him on his team.

He's not leaving unless he retires though. I will NOT be wrong about that.

So are you saying I'm wrong or you are wrong? LOL, not arguing, just asking. Did you read the CBA, or did you read the MOU that was signed in 2020? I think, re-reviewing this and also looking at Jeff Carter's contract, I'm wrong on point #1 but definitely right on point #2. Re-reading, there would be an issue if Crosby's salary decreased, not increased. That's what Carter's did...he was paid 250k less in the 2nd year, which was enough to classify his contract as 35+. Having a signing bonus beyond year 1 definitely puts the contract into the 35+ contract state.

Here's the MOU from 2020
64. 35+ Year Old Rule for Cap
Counting
CBA §50.5(d)(i)(B)(5) shall have no application to a multi-year
SPC that has: (1) total compensation (Player Salary and Bonuses)
that is either the same as or increases from one League Year to
the immediately subsequent League Year, and (2) a Signing
Bonus, if any, that is payable in the first year of the SPC only.

Here's the CBA from 2012
(5) All Player Salary and Bonuses earned in a League Year by
a Player who is in the second or later year of a multi-year
264
ARTICLE 50 50.5-50.5
SPC which was signed when the Player was age 35 or older
(as of June 30 prior to the League Year in which the SPC is
to be effective), but which Player is not on the Club's
Active Roster, Injured Reserve, Injured Non-Roster or
Non-Roster, and regardless of whether, or where, the
Player is playing, except to the extent the Player is playing
under his SPC in the minor leagues, in which case only the
Player Salary and Bonuses in excess of $100,000 shall
count towards the calculation of Averaged Club Salary;
plus

I made a mistake; that is what I was trying to communicate, in some of my best broken English. That's on me. I read the CBA section a couple of years ago (having had legal training in a different language, I hate how they're formatted there), but there are summaries that do a better job of explaining. As said, front-loaded or signing bonus after year 1.

I somehow managed to miss that entire bit of bonuses past the first year, despite it being in front of me in bullet point format in very plain writing. Ovechkin's contract, for example, is back loaded, yet Caps will be on the hook for the cap hit if he retires, because every year has signing bonuses. I knew this and didn't make the connection lol.

I suspect my confusion came from the fact that for one part of the 35+ rule (front loading) they speak of the sum of salary + bonuses.
So this would not have been a 35+ contract.
Year 1: 1M + 7.7M signing bonus (8.7M total)
Year 2: 8.7M + 0 signing bonus

And this wouldn't either unless I'm missing something again (just no particular reason you would do this:)
Year 1: 8.4M
Year 2: 9.3M



Crosby's contract is 35+ by my understanding. I do stand corrected. And it won't matter. He ain't leaving and he ain't retiring.