December 01, 2009
Bob McKenzie of TSN broke the news this morning that Marc Savard(notes) and the Boston Bruins have finally agreed on that long-percolating contract extension: Seven years with "with an annual cap hit of around $4.2 million per year."
If the info is solid, that's a smaller cap hit than was being reported in the Boston Globe yesterday, which had it in the $4.5-$4.8 million range.
For the sake of context: With his $4.2 million hit annually, Savard will cost less against the cap than Tim Connolly(notes) ($4.5 million), Daymond Langkow(notes) ($4.5 million), Martin Erat(notes) and David Legwand(notes) ($4.5 million each), Milan Michalek(notes) ($4.33 million) and Andy McDonald(notes) ($4.7 million).
Not exactly a slew of 90-point centers in that group, huh? Because Boston just signed theirs for seven years. Which probably makes many Bruins fans very happy, and makes non-Bruins fans wonder why their centers cost about $2.5 million more against the cap.
We'll update with specific yearly breakdowns when they become available, but Kevin Paul Dupont of the Globe speculated that Savard's contract would logically be of the front-loaded variety:
Savard will be 33 when his new deal begins next October and will be 39 headed into the final year of the contract. On a total value of, say, $33 million, he's likely to bank 90 percent over the first five years - close to a $6 million average.
It also means that Savard will be south of 40 at the start of his final contract year; even if its front-loaded, that fact and that it's not a "lifetime" deal should keep the NHL investigative heat off the Bruins.
Although, as we've said before here: How is this, or any other front-loaded contract that allows a team to retain its star talent and remain competitive, bad for the NHL?