Quote:
Originally Posted by Hugh Jahrmes
Provide data and let's have a discussion then, but I think guys are really looking at the number like "wow 7M is a lot of money for someone his age" without considering the actual slice of the pie that represents. Remember, our last captain played hardball and got 7M when the cap was what, 39M?
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When Iginla signed his extension that began in 08-09, the cap in the first year was $56.7M (it was $50.3M in the season he signed it), and that was in the old system where players got 57% of HRR. That cap under the current system would be about $50M. I believe he was 31 when the extension came into effect. Iginla's contract was therefore 12.3% of the cap in the first year of his extension.
A similar percentage for Giordano would make for a cap hit of around $8.75M. Which is lower than the rumored initial demand, and would also be comparable for a 5 year term, not an 8 year term. And if the extension kicked in when Giordano was 31, not 33.
Anyway, that's the math behind the parameters you were suggesting.
I think a lot of people have been saying this in a variety of ways, but people are OK (if leery) about a high cap hit for up to a 5 year term. A term beyond that means a trade off in terms of dollars, which is a reasonable assumption.