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

[Fire]

Originally Posted by OutOfTheCube

Why do guys like Gio even have agents? They know approximately what they're worth, where they want to play, etc. Just seems like an enormous waste of a cut of your pay check.

I get it for bottom 6/bottom pairing guys that might have trouble finding work but why does a coveted player need a middle man to figure this out for him?

Not just Giordano specifically of course, I know all the top players have agents. Just a general question. Seems like a good easy gig if you could get into it.

Having GMs talk directly to players would result in a lot more damage relationships. That's why teams and players will almost always avoid RFA arbitration cases. No one likes to hear why they don't deserve the money they think they do.

[Da_Chief]

Originally Posted by OutOfTheCube

Why do guys like Gio even have agents? They know approximately what they're worth, where they want to play, etc. Just seems like an enormous waste of a cut of your pay check.

I get it for bottom 6/bottom pairing guys that might have trouble finding work but why does a coveted player need a middle man to figure this out for him?

Not just Giordano specifically of course, I know all the top players have agents. Just a general question. Seems like a good easy gig if you could get into it.

Cause team contract isn't the only contract they negotiate. Sponsorships is another big thing. Media relations and issues with the team that need to be relayed to the PA etc. I wouldn't be surprised if they look after their housing accommodations, kid's schools, visa issues etc. for the family when they move to a new city/country.

[Enoch Root]

Originally Posted by Flash Walken

The value in moving Giordano is to a contender coveting his cap hit.

What makes Giordano so valuable is he is a 6 million dollar defender making 4.

A team like Pittsburgh, Washington, Anaheim, Montreal, Chicago or Los Angeles are desperate for players playing above their cap hit, and his addition would likely put any of those teams over the top next year. If Calgary retained 50%, you're talking about adding a potential Norris calibre defender for the price of #6 defender.

7 million dollar Giordano has a remarkably smaller valuation.

He is not a $6M defenseman.

Right now, he is an $8M defenseman. At least. Making $4M.

Sekera just signed for $5.5M. For SIX years! That's the going rate for a 3/4 Dman.

One of the top 10 defensemen in the NHL right now, for one year, is worth $8 or $9M.

Some of you have to fast forward from 2007.

[robbie111]

I think he'll get 8.2 average over 5 years 41 million. It's a risk though. He is worth it if he stays healthy and keeps his play up.

[Jacks]

Originally Posted by Enoch Root

Sekera just signed for $5.5M. For SIX years! That's the going rate for a 3/4 Dman.

In fairness that's the UFA oiler rate.

[Enoch Root]

Originally Posted by Jacks

In fairness that's the UFA oiler rate.

To be clear, I am talking about right now - if he were on the trade market.

Sekera was an example of a 3/4 guy on a 6 year deal. If Sekera were willing to sign a 2 year deal, he would have gotten at least $6.5M

On a 2 year deal, Giordano would get $8.5 - $9M.

[Chonger]

I think if he wants 7.5M-8M its for three years or no thanks. Anything longer than that and I would want an aav of something a lot closer to 6. Too much risk when your talking about a 37 year old Giordano who has only been a stud for 2 years. And has missed time due to injury in both those seasons. I know how great of a player he is and how important his leadership is as captain. But you have to always be looking ahead and managing your future cap as well as your current cap when your trying to build a perennial contender.

[Hack&Lube]

What's the maximum regression in salary that's possible?

How much could we front-load the contract so that the salary is low enough in 3+ years to accomodate raises for the youngsters?

[JohnnySkittles]

Originally Posted by Enoch Root

He is not a $6M defenseman.

Right now, he is an $8M defenseman. At least. Making $4M.

Sekera just signed for $5.5M. For SIX years! That's the going rate for a 3/4 Dman.

One of the top 10 defensemen in the NHL right now, for one year, is worth $8 or $9M.

Some of you have to fast forward from 2007.

He's more of a #3/#2 then a #4, he's a great complimentary top pairing Dman he just can't be the one to carry the pairing.

[sureLoss]

Originally Posted by Hack&Lube

What's the maximum regression in salary that's possible?

How much could we front-load the contract so that the salary is low enough in 3+ years to accomodate raises for the youngsters?

Salary can't vary more than 35% in consecutive years and lowest year cannot be less than 50% of the highest year.

[Enoch Root]

Originally Posted by JohnnySkittles

He's more of a #3/#2 then a #4, he's a great complimentary top pairing Dman he just can't be the one to carry the pairing.

You keep saying that and just about everybody keeps disagreeing with you.

[oldschoolcalgary]

not sure where people are coming up with 6 or 6.5 AAV?

Gio will go for probably around 7.5 to 8 aav imo...

6 year 7.5-8 aav.... people might not like that term or salary, but anything less would be grand larceny in today's market place.

[JohnnySkittles]

Originally Posted by Enoch Root

You keep saying that and just about everybody keeps disagreeing with you.

Well this is a Flames forum, and I'm talking about an Oiler. So instantly he'll be considered not as good as he actually is.

[kehatch]

Originally Posted by Enoch Root

He is not a $6M defenseman.

Right now, he is an $8M defenseman. At least. Making $4M.

Sekera just signed for $5.5M. For SIX years! That's the going rate for a 3/4 Dman.

One of the top 10 defensemen in the NHL right now, for one year, is worth $8 or $9M.

Some of you have to fast forward from 2007.

You need to rewind from 2020. There is one D in the entire NHL making 8 million or more per season, and only 3 making that in pure salary next season. So no, a top 10 D man isn't worth 8 or 9 million.

I love Giordano. But he will be 33 when the contract starts. He has been elite for just two seasons in his career, and he was injured for around 20 games in each of those seasons.

Your logic isn't logical. Sekera getting 5.5 x 6 doesn't equal a top 10 D deserving 8 or 9 million. In fact, if this off season taught us anything is that with the cap not climbing teams aren't willing to hand out crazy contracts. I doubt Giordano would get 8 million even on the open market at this point.

[DJones]

There's only 5 defenseman with cap hits of over 7 million.

None of them are over 30.

If Gio wants more than 7M for more than 3 years I say trade him.

Do not want us to get stuck with a contract like Chara's. I hate to see what Chara looks like in 3 years.

[Finger Cookin]

Originally Posted by Hack&Lube

What's the maximum regression in salary that's possible?

How much could we front-load the contract so that the salary is low enough in 3+ years to accomodate raises for the youngsters?

With regards to the second half of your post, the structure of the deal doesn't change the AAV that hits the cap. Regardless of if the salary dives the maximum amount allowed in the CBA, the cap hit in the first year of the extension will be the same as it is in 3+ years.

[Roof-Daddy]

I'm confident in Treliving to not hamstring the Flames cap situation going forward. He's certainly gained my trust, and I'm sure whatever happens will be in the best interest of the Flames future.

[DJones]

Originally Posted by Finger Cookin

With regards to the second half of your post, the structure of the deal doesn't change the AAV that hits the cap. Regardless of if the salary dives the maximum amount allowed in the CBA, the cap hit in the first year of the extension will be the same as it is in 3+ years.

What are the chances he'd sign a really high contract for 2-3 years? Love that and then we give him a retirement contract for around 4 million

[Finger Cookin]

Beats me. I really hope the Flames can keep the term to 5 years or less, and sell him on the idea of renewing a year at a time if he's still playing at a competitive level after that.

[hockey.modern]

7-7.5 for 3 years. Then if he can keep up production next contract will be 4x2yrs. By then just do one year contracts