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Old 03-20-2019, 11:13 AM   #1
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Icon28 Jimmy Howard signs 1 year extension with the Red Wings worth $4 million plus bonuses

Dan Rosen
@drosennhl
Jimmy Howard is close to signing a 1-year contract extension with the Red Wings. Howard said some language is being worked out, but it's going to get done. Ken Holland confirmed. Howard said he's fine with a 1-year deal. He had no desire to leave Detroit. "It's home," he said.

Kevin Weekes @KevinWeekes
Further to Howards’ soon to be announced 1 year extension with the @DetroitRedWings ,I’m told it’s around 4 Million for the 3X All-Star.
@NHL @NHLNetwork @NHLdotcom .

John Shannon @JSportsnet
Jimmy Howard’s new 1 year deal is for 4 million dollars. Plus playoff bonuses.
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Old 03-20-2019, 11:13 AM   #2
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https://twitter.com/user/status/1108416162109493250

"with playoff bonuses"
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Old 03-20-2019, 11:17 AM   #3
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Don't understand. I didn't think you could offer players outside of ELC any bonuses?
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Old 03-20-2019, 11:18 AM   #4
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Howard will be 35 in a week. Age-35+ players can also receive bonuses (Jagr's deal with Calgary last year included them, for instance).
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Old 03-20-2019, 11:19 AM   #5
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Don't understand. I didn't think you could offer players outside of ELC any bonuses?
The league office probably just laughed when they saw the word "playoffs" in the bonus clauses and let it go through knowing there's little chance of that being achieved in Detroit any time soon.
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Old 03-20-2019, 11:20 AM   #6
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Don't understand. I didn't think you could offer players outside of ELC any bonuses?
Performance bonuses can be offered to:

1. players on ELC
2. players on 1 year deals and over 35 year old signing age
3. players who have missed significant time due to injury and sign a one year deal

Howard is apparently willing to sign 1 year deals with Detroit until he retires. Likely all of them are going to have performance bonuses.
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Old 03-20-2019, 11:41 AM   #7
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That is a pretty good deal for the Red Wings.
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Old 03-20-2019, 12:09 PM   #8
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Bob McKenzie @TSNBobMcKenzie
$5.1M AAV. But $1.1M of that is entirely based on playoff bonuses. If the Wings don’t make the playoffs next season, no bonus and Howard would get only his $4M salary.



CapFriendly @CapFriendly
#LGRW have signed goalie Jimmy Howard to a 1 year contract extension.

The contract is a 35+ deal and consists of $4,000,000 in base salary, plus up to $1,100,000 in various performance bonus.

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Old 03-20-2019, 12:19 PM   #9
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And they wanted a rumoured first round pick for him? Lol
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Old 03-20-2019, 12:21 PM   #10
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Bob McKenzie @TSNBobMcKenzie
Howard’s contract does NOT have any No Trade Clauses. So zero limitations on DET’s ability to trade him.
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Old 03-20-2019, 12:49 PM   #11
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Howard will be 35 in a week. Age-35+ players can also receive bonuses (Jagr's deal with Calgary last year included them, for instance).
The best example in recent memory was when Iginla signed that one year deal in Boston for a cap hit of like 1.2 million, but the bonuses were so attainable that it was pretty obvious he was going to make the full 6 million.
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Old 03-20-2019, 12:51 PM   #12
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So if he gets traded at the deadline next year would his new team making the playoffs be on the hook for those bonuses?
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Old 03-20-2019, 12:53 PM   #13
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So if he gets traded at the deadline next year would his new team making the playoffs be on the hook for those bonuses?
Yes. That was reportedly one of the problems the Flames had with trying to trade Jagr. His performance bonuses would have caused cap issues for contending teams.
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Old 03-20-2019, 01:36 PM   #14
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So if he gets traded at the deadline next year would his new team making the playoffs be on the hook for those bonuses?
It kind of feels like he doesn't want to play anywhere else as why would he take this deal when chances are in free agency he gets at least a two year deal and maybe more money? I don't know how he and his agent couldn't at least use the Koskinen deal as a measuring stick for a short term deal.
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Old 03-20-2019, 01:40 PM   #15
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Part of me hopes he fails horribly next year, the other part of me wishes the same thing!
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Old 03-20-2019, 01:46 PM   #16
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Playoff bonuses for Detroit? Ummm okay, good deal for the Wings.
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Old 03-20-2019, 01:54 PM   #17
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Bob McKenzie @TSNBobMcKenzie
Howard’s contract does NOT have any No Trade Clauses. So zero limitations on DET’s ability to trade him.
One limitation: playoff bonuses.
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Old 03-20-2019, 01:57 PM   #18
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One limitation: playoff bonuses.
It limits a trade to teams that are in the POs but have mediocre goaltending inferior to Howard, which I think will be a pretty small list, or teams that have a goalie injury to deal with just before the deadline.
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Old 03-20-2019, 02:12 PM   #19
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The best example in recent memory was when Iginla signed that one year deal in Boston for a cap hit of like 1.2 million, but the bonuses were so attainable that it was pretty obvious he was going to make the full 6 million.
But that was to manage the cap.

Only $1.2M of Iggy's salary went against the cap that first year. The remainder went against the cap the next year.
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Old 03-20-2019, 03:31 PM   #20
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Good. Now the Flames can't sign him.
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