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Old 10-19-2001, 10:22 AM   #1
lmanchur.
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Default Jagr signs richest deal in NHL history

Uh-oh :uhoh:

Just a month after Alexei Ya$hin signed the richest contract in NHL history at $87.5 million, it has already been out-done... is this the start of skyrocketing NHL salaries? ... that is, if they hadn't skyrocketed already?

Allbeit, Yashin was only outdone $500,000 dollars as the league's top player, Jaromir Jagr, signed a new 8-year, $88 million contract with the Washington Capitals. The deal is a re-structure of his previous contract in which he was payed $19.75 million on the remaining 2 seasons of his old contract with the Penguins.

Despite this being the richest deal in NHL history by just $0.5 million more than Ca$hin' Ya$hin', Jagr is still, undoubtedly the highest-payed player in the NHL. Ya$hin's contract averages him $8.75 million per year while Jagr's will average out to pay him $11 million per year.


What do you all think of this contract? On Jagr's part, I think it was a bad move.... you never know where salaries will move up to in 7 years, and if Jagr is still the top player in the game in 7 years... or even a mediocore (sp?) player in 7 years, he could be cheating himself out of some money the way salaries go up these days....... $11 million might not be a lot for the leauge's top player in Jagr's final year of his new contract, 2009.

On the Capital's part, though, it was a good deal -- he IS the league's best player and with him locked up long-term, they now can attract players to come play in Washington to better their team and win that Stanley Cup that they fell short of in 1998.
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Old 10-20-2001, 02:11 PM   #2
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Default Re: Jagr signs richest deal in NHL history

Quote:
Originally posted by SC-Lee
What do you all think of this contract? On Jagr's part, I think it was a bad move.... you never know where salaries will move up to in 7 years, and if Jagr is still the top player in the game in 7 years... or even a mediocore (sp?) player in 7 years, he could be cheating himself out of some money the way salaries go up these days....... $11 million might not be a lot for the leauge's top player in Jagr's final year of his new contract, 2009.
I don't know about that... he already has the highest contract in the league, you mean he should have signed an even contract so he could "keep up" and still be the highest paid player when it expires? Doesn't really make sense to me - besides, I guarantee you he won't the same player he was (or is) in seven years!
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Old 10-20-2001, 07:39 PM   #3
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Default Re: Re: Jagr signs richest deal in NHL history

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Originally posted by mjames

I don't know about that... he already has the highest contract in the league, you mean he should have signed an even contract so he could "keep up" and still be the highest paid player when it expires? Doesn't really make sense to me - besides, I guarantee you he won't the same player he was (or is) in seven years!
No... I'm SAYING that he should have signed a shorter-term deal for his part..... no, he may not be the leading scorer in the NHL in seven years, but the best players of the 1980s and early 1990s -- Wayne Gretzky and Mario Lemieux -- put up and, in Mario's case, IS putting up numbers that are higher than the average player in the league, even in the later years of their careers.... I mean, for the NHL's business, if salaries continue to increase, that's a good deal 'cuz they'll have one of the top players in the game at "only" $11 million.... I'm just saying that for Jagr if he would have kept his previous 2-year deal, he woulda made more long-term.

..then again, he isn't really troubled for money, so...............
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Old 10-22-2001, 12:37 AM   #4
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Default

As long as agents have a say in their clients' contracts, the skyrocketing salaries will continue to grow unless owners, management and the league have a salary cap.

We, as fans, only see the top price being paid. We aren't informed of the "small print" of these contracts. That is a player probably signed a contract saying he will be one of the top salaries otherwise his contract has to be renewed to make it this way. This happened in the early 90s when some undeserving brat (you know who) got his way and started the trend for these high payrolls.
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