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Old 12-13-2007, 11:52 AM   #1
Tyler
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Default Flyers Sign Richard's To 12 YEAR, $70M Deal

According to Sportsnet:

http://www.sportsnet.ca/hockey/2007/...s_flyers_deal/

Wow! That's a huge deal.
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Old 12-13-2007, 11:53 AM   #2
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Idiots!!
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Old 12-13-2007, 11:53 AM   #3
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Do agents get a percentage of the entire contract immediately or is it paid out yearly?
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Old 12-13-2007, 11:54 AM   #4
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Wow the Islanders were trend setters. In theory a good signing as long as he can stay healthy.
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Old 12-13-2007, 11:54 AM   #5
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Wow.... another player with a lengthy deal. Wonder if this will become more comman.
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Old 12-13-2007, 11:57 AM   #6
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Do agents get a percentage of the entire contract immediately or is it paid out yearly?
I can't see it all being paid up front, that would cost Richards probably the majority of his first year's paycheck.
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Old 12-13-2007, 11:58 AM   #7
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Commonplace for those who are not remotely risk-adverse, maybe... good grief.
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Old 12-13-2007, 11:58 AM   #8
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Yeah I saw on TSN that it was 12 years with a cap hit of 5.5 to 6 per year. I suppose with Richards being 22-23 that would buy up all his best years of production, but man is that ever a long time. He's off to a great start this year, but there is a lot of projection involved in this deal.
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Old 12-13-2007, 11:59 AM   #9
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One of these times, it is going to bite someone in the ass because the guy will get injured 3 years into the contract and the owner of the team will still have to shell out all the remaining money (not talking about the cap just owners losing money).
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Old 12-13-2007, 12:00 PM   #10
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that is crazy.
Garth Snow must be dancing. He is no longer the holder of the most overly long contract!
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Old 12-13-2007, 12:00 PM   #11
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Mike Richards is also the guy Darryl Sutter wanted after Dion Phaneuf...
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Old 12-13-2007, 12:01 PM   #12
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that is just nuts.
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Old 12-13-2007, 12:02 PM   #13
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If you win one Stanley Cup over that time, I would think the Owners would be just fine. This Richards kid is a winner though, you know what you are getting from him every shift!
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Old 12-13-2007, 12:04 PM   #14
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One of these times, it is going to bite someone in the ass because the guy will get injured 3 years into the contract and the owner of the team will still have to shell out all the remaining money (not talking about the cap just owners losing money).

They have insurance for most of that money I would assume. But yes it will still cost them in the long run even if he doens't play another game as of right now.

$5.88 over 12 years seems a bit high, considering you never know what is going to happen to him. Personally if I was going to be a stupid enough GM to pull out a contract like that why not make it 15 years and bring the cap down another million a year or more.
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Old 12-13-2007, 12:04 PM   #15
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I've noticed a trend in the NHL that pays the players a larger amount up front, then yearly amounts gradually decline. (maybe in the Kiprusoff contract thread?)

Is this the norm?

It is the opposite with NFL contracts , which I am more familiar. Of course, the NFL has no guaranteed contracts, so they can cut the player or renegotiate before they have to shell out the big bucks.
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Old 12-13-2007, 12:05 PM   #16
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If you win one Stanley Cup over that time, I would think the Owners would be just fine. This Richards kid is a winner though, you know what you are getting from him every shift!
Playing on the third line a fair bit, for over 5 mil a season...I don't know...seems risky, especially when you consider in how many trade rumours this kid was in last year.

Here is a bit of an OT to everyone question...Would you be willing to give Dion this kind of a contract?
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Old 12-13-2007, 12:05 PM   #17
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For a second, I thought Mad Mike became the GM for the Flyers.
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Old 12-13-2007, 12:05 PM   #18
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12 years is a little lengthy I think. Too many factors coming into play not only relating to the player but the market, team, etc.

I don't think we will see too many contracts in that range but I do think we will se many in the 5-6 year range
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Old 12-13-2007, 12:06 PM   #19
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Leave it to owners to figure out some way to blow their own brains out.

At least they picked the right personality type, a buzz-saw, never quit, kind of guy versus the Alexei Yashin type. If he can walk upright, he'll do his best to live up to his end of the bargain.

Of course, he may not be able to walk upright if something goes wrong with his health.

The new CBA was aimed not at the NHLPA but owners, basically putting a firm collar on them so they couldn't blow their own brains out. But never underestimate their ingenuity for causing themselves bodily harm.

Clearly, length of contract is the new, big carrot out there.

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Old 12-13-2007, 12:09 PM   #20
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Pretty ridiculous that GMs are still giving out $6 million dollar contracts for 28 games of work.

Richards has had two seasons of 32 and 34 (in 58 games) points before this year.
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