05-11-2017, 08:11 AM
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#1
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Blackhawks sign Richard Panik (2 years, $2.8mil AAV)
Scott Powers @ByScottPowers
Richard Panik has signed a two-year contract extension with the Blackhawks
Pierre LeBrun @PierreVLeBrun
Panik signs for $2.8 million per season
Pierre LeBrun
@PierreVLeBrun
Replying to @PierreVLeBrun
At $2.8 million per year, Panik left money on the table but credit to the player for knowing a good fit when he sees one. Smart decision
Blackhawks now have zero cap space for next season (assuming no increase in salary cap) and they also have bonus overages coming.
They are likely going to have tweak their roster to get cap compliant next season.
Last edited by sureLoss; 05-11-2017 at 08:13 AM.
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05-11-2017, 08:23 AM
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#2
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Crash and Bang Winger
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Wow what a steal
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05-11-2017, 08:32 AM
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#3
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Franchise Player
Join Date: Apr 2008
Location: CGY
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A lot of Panarin proposals over at HF he seems to be the guy some fans are thinking could be moved.
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05-11-2017, 08:33 AM
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#4
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First round-bust
Join Date: Feb 2015
Location: speculating about AHL players
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I would be all over Panarin if I was Treliving.
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05-11-2017, 08:36 AM
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#5
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One of the Nine
Join Date: Jul 2007
Location: Space Sector 2814
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They've still got 4 years of Hossa's cap hit, what happens if he retires right now? They still have to pay it or is there an even harsher penalty?
__________________
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05-11-2017, 08:43 AM
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#6
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Franchise Player
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Quote:
Originally Posted by GreenLantern
They've still got 4 years of Hossa's cap hit, what happens if he retires right now? They still have to pay it or is there an even harsher penalty?
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4.275M against cap for 4 years.
It's the same amount for the remaining years whenever he retires (i.e 4.275 for 3 years if he retired after next season).
Ouch. Pretty sure there's no way to trade it, either. Not sure how much incentive Hossa will have to show up much longer for $1M real money. Perhaps a handshake deal to be a well paid team ambassador for a while if he delays retiring.
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05-11-2017, 08:43 AM
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#7
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Quote:
Originally Posted by GreenLantern
They've still got 4 years of Hossa's cap hit, what happens if he retires right now? They still have to pay it or is there an even harsher penalty?
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If he retires right now, they will incur a recapture penalty of $4.275 million/year that will count against the cap for the next 4 years.
Technically that would save $1 million/year until you factor in the cap hit of the replacement player. Given that the replacement player will likely not be as productive as Hossa next year, Blackhawks are likely better off keeping Hossa.
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05-11-2017, 08:46 AM
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#8
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First Line Centre
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My goodness what a deal
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05-11-2017, 08:55 AM
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#9
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Franchise Player
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No doubt when Hossa wants to retire, he will discover some career-ending injury and ride out his contract on LTIR. That being said, he's still worth his contract and still playing well, so that won't be anytime soon. He could be a Selanne or a Jagr...
I would not be surprised if he just plays out the whole contract and is effective the whole time.
Last edited by Geeoff; 05-11-2017 at 08:57 AM.
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05-11-2017, 09:12 AM
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#10
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One of the Nine
Join Date: Jul 2007
Location: Space Sector 2814
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Ya no doubt he is a sold contributor. I was looking at it more like if you got a guy like Panarin or another young guy you want to sign, but your money is tied up with Hossa. Yea sure, Hossa is contributing, but would you rather have the 38 year old putting up 42 points or the 23-25 year old putting up 42 points under a 4 year contract?
I'm sure Chicago will sort it all out, they always manage to remain a top competitor despite every year facing a 'cap crisis'.
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"In brightest day, in blackest night / No evil shall escape my sight / Let those who worship evil's might / Beware my power, Green Lantern's light!"
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05-11-2017, 09:23 AM
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#11
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Franchise Player
Join Date: Oct 2006
Location: San Fernando Valley
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NHLPA can't be happy about this contract.
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05-11-2017, 09:25 AM
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#12
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One of the Nine
Join Date: Jul 2007
Location: Space Sector 2814
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Side note, does this set the table for Bennett? 2.8 mill for 0.54 PPG.. puts Bennett closer to 2?
__________________
"In brightest day, in blackest night / No evil shall escape my sight / Let those who worship evil's might / Beware my power, Green Lantern's light!"
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05-11-2017, 10:51 AM
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#13
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Franchise Player
Join Date: Oct 2001
Location: Calgary, AB
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Quote:
Originally Posted by Erick Estrada
NHLPA can't be happy about this contract.
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The NHLPA shouldn't care. The players get a fixed amount every season. How it's split up between the individual players doesn't really matter.
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05-11-2017, 11:11 AM
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#14
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Retired
Join Date: Dec 2014
Location: Back in Guelph
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Quote:
Originally Posted by Fire
The NHLPA shouldn't care. The players get a fixed amount every season. How it's split up between the individual players doesn't really matter.
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It sets a precedent in arbitration hearings.
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05-11-2017, 11:38 AM
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#15
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Franchise Player
Join Date: Feb 2013
Location: Boca Raton, FL
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Panik makes just 600K more than Lance Bouma. Just sayin'. 
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05-11-2017, 12:03 PM
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#16
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Scoring Winger
Join Date: Jun 2014
Location: Paradise Island, Bahamas
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Put me in the camp that says Panik just had his career year and won't get those numbers ever again.
He'll start on one of the top 2 lines again. Fail to produce much. Get replaced by one of the Hawks up-and-coming kids (Schmalz, Kero, Hayden, Jurco, Hinostroza, Motte, DeBrincat, Knott, Noel) and play 3rd and 4th line minutes. He doesn't kill penalties/block shots like Bouma does so he just fades away. KHL by 2020.
Therefore I think the Hawks overpaid.
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05-11-2017, 12:48 PM
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#17
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Franchise Player
Join Date: Oct 2001
Location: Calgary, AB
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Quote:
Originally Posted by TheFlamesVan
It sets a precedent in arbitration hearings.
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That only matters if the NHLPA cares more about players with arbitration rights than other players. I haven't seen anything to indicated this stance.
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05-11-2017, 12:55 PM
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#18
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Franchise Player
Join Date: Aug 2007
Location: Vancouver
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Quote:
Originally Posted by N26
Put me in the camp that says Panik just had his career year and won't get those numbers ever again.
He'll start on one of the top 2 lines again. Fail to produce much. Get replaced by one of the Hawks up-and-coming kids (Schmalz, Kero, Hayden, Jurco, Hinostroza, Motte, DeBrincat, Knott, Noel) and play 3rd and 4th line minutes. He doesn't kill penalties/block shots like Bouma does so he just fades away. KHL by 2020.
Therefore I think the Hawks overpaid.
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The Chris O'Sullivan Paradox.
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05-11-2017, 01:00 PM
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#19
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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I hope the league is double checking his bank deposits to make sure he isnt earning a little extra on the side...
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05-11-2017, 01:25 PM
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#20
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Retired
Join Date: Dec 2014
Location: Back in Guelph
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Quote:
Originally Posted by Fire
That only matters if the NHLPA cares more about players with arbitration rights than other players. I haven't seen anything to indicated this stance.
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Sorry I missed the 'NHLPA' aspect of that. I'm more referring to the players around the league who are looking to make more money. When someone takes a discount they set the market value, lowering your earning potential.
Don't get me wrong, I'm a fan of players taking 'discounts' to play where they want to. I'm just under the impression that taking too much of one is frowned upon.
And personally I'm really jealous of the way that organization continues to find gems while remaining at the top of the league.
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