Quote:
Originally Posted by Macho0978
I don’t think the time value of money would play a huge part in it as more than likely both contracts would be front loaded with bonuses as much as possible
If player didn’t value year 8 because they might get a contract in 7 years worth $5 mil then you would see more players sign shorter term at Johnnys age. Especially with very high escrow and a flat cap. Why wouldn’t Johnny sign 2 years for $20 to $24 mil with high bonuses and when the Covid revenue is paid back and the cap increases to $88 to $90 mil in a few years at age 31 he probably getting 7 years $10 mil from any teams and his earnings would be much higher especially dodging escrow payments those first 2 years
I’m thinking the risk is not worth it so 8 years imo makes a difference at his age
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A 2 year deal would create insane risk. 7 vs 8 yrs and we're talking about a few % either way - which typically means a few million dollars, but there are lots of ways to rationalize that.
Most 8 year deals are inked a full season ahead, so a competing 7 year deal simply isn't in the picture. The player is usually* conceding a bit of potential upside to secure generational wealth before he has to play another competitive game. The risk vs. reward equation is very, very different that Johnny's situation.
It is rare for this kind of player to leave as a UFA because it is rare that they make it past their final TDL without a deal:
Stayed
Landeskog
Stamkos (had benefit of courting period AND 8 year option)
Mark Stone (signed shortly after TDL)
...
TJ Oshie - signed 8x5.75M on June 23; not sure if he had the courting period?
Anders Lee
Duchene - both he and Lee got to July 1 and signed 7 year deals...who knows if 8 years was ever on the table?
Moved (7 year deals only)
Tavares
Panarin
Bobrovsky
Pietrangelo
Hamilton (maybe a tier below, but you might say the same about Landeskog...)
...
Krug
Hyman
Okposo
Lucic
Ladd
Niskanen
Hayes and Yandle had UFA rights traded to sign before UFA period...
Suter/Parise takes us back to 2012 before the 8 year limit came into effect
I might be missing a few here, but it seems like we have 7 examples of elite players getting to this stage of negotiations, and more often than not they've given up the 8th year and moved elsewhere. CAR held firm on a lower number with Hamilton, and STL bungled the AP deal (though they did want to keep him), but CBJ and NYI tried hard to keep the other three guys...