[Rumour] Giordano Extension. Kypreos: Starting point is $72 million over 8 years

[Huntingwhale]

Originally Posted by flameswin

He's 31. Or did you mean he'll be 33 when the new contract kicks in?

Yeah, I meant he'll be 33 when the new contract kicks in.

[442scotty]

My guess is 4 years at ? and they already have something in place to start putting him in management training

[Five-hole]

I'm going to go way out on a limb and say that, based on what Treliving has done so far, that the contract will be a good midpoint for the club and for Gio.

[Vulcan]

My guess is 5 or 6 years at $7M per. Something like 9M, 9M, 7M, 5.5M, 4.5M.

[MarkGio]

It popped up on HF.


Is there a rumour that a deal is done?

[Locke]

Originally Posted by MarkGio

It popped up on HF.


Is there a rumour that a deal is done?

If there were, wouldnt you be the first to know?

[MarkGio]

Originally Posted by Locke

If there were, wouldnt you be the first to know?

I think the rumour might have originated here. Apparently Giordano signed but they're waiting until Gio gets in town?

[codynw]

Originally Posted by MarkGio

I think the rumour might have originated here. Apparently Giordano signed but they're waiting until Gio gets in town?

But aren't you MarkGio himself? Shouldn't you know if you signed or not?

[DJones]

I really hope it's under $7 million. His inevitable drop off will be soul crushing if it is any higher.

[Tacopuck]

Originally Posted by MarkGio

I think the rumour might have originated here. Apparently Giordano signed but they're waiting until Gio gets in town?

More likely that BT is on his vacation when he should be negotiating / announcing contracts. What a slacker

[hockey.modern]

Originally Posted by MarkGio

It popped up on HF.


Is there a rumour that a deal is done?

Do you have a link?

[shotinthebacklund]

Originally Posted by hockey.modern

Do you have a link?

See post #1028 of this thread.
I think this is where the rumour originated.

[killer_carlson]

Originally Posted by transplant99

I have heard that this deal is more or less done now, though I can offer no more than hearsay from someone who should know.

Also speculation there will be no announcement until all parties are in Calgary and available for the presser.

Just an FYI for those interested.

Looks like Tranny's source proves out as true.

Well done and another scoop for Calgarypuck.

[GranteedEV]

Originally Posted by GranteedEV

Suter never won a Cup or Norris...

Anyways, I took a look at the five players' last six years production. Salary numbers are for the next four seasons, so 2015-16, 2016-17, 2017-18- and 2018-19 and in Chara's case he expires in 2018.

Player	GP	Points	PPG	+/-	Salary	Average	Post-CBA?
Gio	397	210	0.53	27	?	?	Yes
Keith	444	287	0.65	85	23	5.75	No
Doughty	443	240	0.54	55	29.8	7.45	No
Chara	428	219	0.51	124	16	5.33	No
Suter	438	235	0.54	63	36	9.00	No

I think you can argue that Gio's production was very similar, the "pedigree" or "durability" not so much.

On average, the salary of those four players comes down to 6.9 Million.

I think that's exactly what Gio is worth for the next four years.

He makes 4M next year, so to get him in line with that value you'd have to eat an average value of 7.9M for the three years after.

Adding a two more years of term @ 6M to drop the cap hit and you're right back down to around 35M / 5 years.

I think that's the contract we need to sign Gio to. AAV of 7M

I said 7M @ 5Y.

6.75 @ 6Y I guess, is one year longer but the AAV is just right.

[Huntingwhale]

By the way, Giordano said the reports a couple of months ago that he was looking for an eight-year deal worth $9 million per season were not close to the truth. (That said, his deal is worth around that in Canadian dollars thanks to our floundering loonie.)

“When I saw that I thought, ‘Wow, that’s way off,’ but it happens and I understand,” Giordano said. “I had to downplay it to my buddies and my family.”

Gio says those rumors were flat out false, and I believe him. I guess Kypreos and his sources really are idiots.

http://www.calgarysun.com/2015/08/25...-year-contract

[CroFlames]

Originally Posted by Huntingwhale

Gio says those rumors were flat out false, and I believe him. I guess Kypreos and his sources really are idiots.

http://www.calgarysun.com/2015/08/25...-year-contract

In fairness to Kypreos, it gave us something to argue about during the summer

EDIT: Maybe when he "saw" the rumor, he saw it on CP? Maybe he took our opinions into consideration when signing!

[bax]

Originally Posted by Huntingwhale

Gio says those rumors were flat out false, and I believe him. I guess Kypreos and his sources really are idiots.

http://www.calgarysun.com/2015/08/25...-year-contract

Well I feel silly now! I apologize to all who I argued with while defending Kypreos/TSN haha.

Good for Gio, what a captain!

[Fire of the Phoenix]

Originally Posted by Huntingwhale

Gio says those rumors were flat out false, and I believe him. I guess Kypreos and his sources really are idiots.

http://www.calgarysun.com/2015/08/25...-year-contract

Oh god i accidentally read the comments in that article. I usually know better, but it's early. Seriously is there someone out there paying people to say stupid ####? This was the best one:

Originally Posted by Dumbass

Stan Woodcock • 2 days ago
There has got to be something seriously wrong in our society with the fact that a hockey player (admittedly a good one) is worth far more than those who really contribute to mankind; neurosurgeons, spinal surgeons, and legions of others saving lives, and giving their all for those they care for! If fans of the game wish to support these salaries with the totally unreal ticket prices, so be it! But if you come into dire straits for some reason or other, don't look for these boys to bail you out! Are they contributing any of this huge salary to the new arena complex?? doubt it!