[Signing] Pens sign Hornqvist to extension (5 yrs, $5.3mil AAV)

[sureLoss]

Seth Rorabaugh @SethRorabaugh
Jim Rutherford said a contract extension with Patric Hornqvist is close.


Somewhat interesting because I didn't think they had a lot of capspace, but I guess when Vegas is paying 40% of Brassard....

[sureLoss]

Bob McKenzie @TSNBobMcKenzie
Hornqvist extension in PIT is expected to be for five years with an AAV of $5.3M:

[browna]

Always wonder why extensions are done on trade deadline day.

Recall the only thing that the previous GM did here in 2012 on tdd was re-up Tim Jackman inexplicably. This on the tails of 2011 deadline where the only move he made is he signed an out of shape former player of his who lasted 4 games in Modin.

[SuperMatt18]

And here is that Loui Eriksson like contract.

Yikes. Why are you giving a 31 year old support player 5 x $5.3.

[Karl]

Originally Posted by browna

Always wonder why extensions are done on trade deadline day.

Recall the only thing that the previous GM did here in 2012 on tdd was re-up Tim Jackman inexplicably. This on the tails of 2011 deadline where the only move he made is he signed an out of shape former player of his who lasted 4 games in Modin.

Those were such odd moves to say the least.

[yourbestfriend]

Meh, you could do much worse.
He's a 50pt player every year since he's been on the Pens and has been a clutch contributor in their last two cup wins. I think the deal starts hurting the last year but not much you can do about that.

[Stud_McCool]

Yikes on the cap hit. Yikes on the term.
Oh well, not my team.

[jayswin]

Originally Posted by sureLoss

Seth Rorabaugh @SethRorabaugh
Jim Rutherford said a contract extension with Patric Hornqvist is close.


Somewhat interesting because I didn't think they had a lot of capspace, but I guess when Vegas is paying 40% of Brassard....

How does that work? Ottawa traded him, Pens have him, but Vegas is paying 40% of his contract? I get that it was a three way but I didn't think that was allowed.

[GordonBlue]

Originally Posted by yourbestfriend

Meh, you could do much worse.
He's a 50pt player every year since he's been on the Pens and has been a clutch contributor in their last two cup wins. I think the deal starts hurting the last year but not much you can do about that.

exactly.
for me, If I was a fan of a team that won the last two cups, I'd not question too harshly any move the GM might make.

[sureLoss]

Originally Posted by jayswin

How does that work? Ottawa traded him, Pens have him, but Vegas is paying 40% of his contract? I get that it was a three way but I didn't think that was allowed.

It was a lot of steps, but essentially Ottawa traded Brassard to Vegas. Then Vegas traded Brassard to the Pens with salary retained.

That is legal in the CBA.

What is not legal in the CBA is Ottawa trading Brassard to Vegas then Vegas trading Brassard back to Ottawa with salary retained.

[TheoFleury]

This is going to be a bad deal in a couple of years

[Enoch Root]

Similar points to Backlund, but for a more consistent number of years. However, he doesn't do the heavy defensive lifting Backlund does. And he is 2 years older. Paying for offense for a guy that will be 31-36 through the contract is definitely a risk.

Makes Backlund's contract look even better.

[Macho0978]

Originally Posted by Enoch Root

Similar points to Backlund, but for a more consistent number of years. However, he doesn't do the heavy defensive lifting Backlund does. And he is 2 years older. Paying for offense for a guy that will be 31-36 through the contract is definitely a risk.

Makes Backlund's contract look even better.

Gets a lot of ice time with Crosby too. 50 points isn't that great playing with Crosby

He also seems to get hurt a lot so that could really become a bad deal very fast

[Philly06Cup]

If he gets hurt, wouldn't insurance cover it, and he would be off their cap?

He's shown great chemistry with Crosby/Malkin and works with the #1 PP. Keeping a consistent offensive core is very smart to avoid what is happening in CHI.

[zamler]

Originally Posted by Stud_McCool

Yikes on the cap hit. Yikes on the term.
Oh well, not my team.

Yea it sucks to be a Pens fan these days.

[jonkaupp]

Originally Posted by Enoch Root

Similar points to Backlund, but for a more consistent number of years. However, he doesn't do the heavy defensive lifting Backlund does. And he is 2 years older. Paying for offense for a guy that will be 31-36 through the contract is definitely a risk.

Makes Backlund's contract look even better.

If Backlund played with Crosby he’d easily be a 60+ point player. This makes Backlunds contract look really good in comparison.

[CliffFletcher]

Hornquist has some bite to his game, scores all his goals from the places on the ice where goals get scored these days, and plays well with Crosby. The assumption that anyone can put up big numbers playing with Crosby is dubious - the Pens have stuck with certain players for long stretches with Crosby for a reason.

The Pens management aren't L.A. - they don't get sentimental and reward past performance. They've cut loose lots of supporting players when they feel they're past their due date (Orpik, Daley, etc.). They've also gotten strong contributions from older players - two years ago a 37-year-old Kunitz potted 17 goals for them, and a 39 year old Matt Cullen got 16.

So I think Pens management have a good feel for how a given player will produce in his 30s. I'd be willing to bet Hornquist remains a 20+ goal player for several more years (which is why I was hoping he'd make it to UFA so the Flames could sign him).

[CorsiHockeyLeague]

Originally Posted by browna

Always wonder why extensions are done on trade deadline day.

Trying to bury the news so it isn't all over TSN all day, being picked apart and debated by experts and not-so experts who are looking to fill.

Originally Posted by sureLoss

It was a lot of steps, but essentially Ottawa traded Brassard to Vegas. Then Vegas traded Brassard to the Pens with salary retained.

I wonder if the next CBA (you know, after the next lockout) will prevent this. Something like "player must play at least ten games for a team before he is traded in a deal that includes salary retention", or some such. But maybe no one has a dog in that fight - owners are still paying the same, players are still getting paid the same. It just seems a bit cheesy for Vegas to be paying part of the salary and hit on a player that never so much as practiced with the team, much less suited up for them.

[The Cobra]

Originally Posted by browna

Always wonder why extensions are done on trade deadline day.

Because players might be traded if they don't sign an extension. It's the last real chance teams can get any value for an expiring contract.

[Macho0978]

Originally Posted by Philly06Cup

If he gets hurt, wouldn't insurance cover it, and he would be off their cap?

He's shown great chemistry with Crosby/Malkin and works with the #1 PP. Keeping a consistent offensive core is very smart to avoid what is happening in CHI.

Don't care about the insurance part of it or how much money it costs the owner

Cap part sure you get relief to replace him when he is out. But having overpaid injury proned players is risky especially if he can't get through a playoff run.

Over paying any player puts a team in similar risk as the Hawks are. Luckily for Pittsburgh Crosby and Malkin make a fair amount less than Toews and Kane and other teams are paying over 3 mil of Brassard and Kessel's contract. If the Pens are better off than the Hawks it isn't anything to do with this contract. But over paying Hornqvist can be costly when future players become free agents

This contract isn't good but keeping him keeps core together for this year and probably next too so when your winning cups it isn't the end of the world