Blog Entry

Lightning, Stamkos agree on five-year extension

Posted on: July 19, 2011 3:32 pm
Edited on: July 19, 2011 4:32 pm
 

By Brian Stubits

The Tampa Bay Lightning have reached an agreement with superstar center Steven Stamkos on a five-year contract. The team made the announcement on Tuesday afternoon.

"Very exciting day for my family and I," Stamkos said on his Twitter account. "Can't thank Mr. Vinik, Mr. Yzerman and the rest of the organization for making this deal possible. Also want to thank my family, friends, agents, teammates, and fans for all their love and support!"

According to Craig Custance of the Sporting News the deal will pay Stamkos an average annual salary of $7.5 million per season, which comes out to a total of $37.5 million. He'll be eligible for unrestricted free agency when the contract expires after the 2015-16 season.

Said general manager Steve Yzerman in a statement released by the team, "Steven is extremely important to this franchise and is part of the foundation of our hockey team. We are very pleased to have him signed and look forward to seeing him in a Lightning uniform for years to come.”

It brings an end to a long saga that had plenty of twists and turns, most made out of fear since it took so long for a deal to be reached. Although the Flyers did contemplate sending an offer sheet Stamkos' way before ultimately passing.

Of course in Stamkos, the former No. 1 overall draft pick, the Lightning are holding on to the league's top goal-scorer over the past two seasons as the 21-year-old has tallied 96 goals in that time frame. He represents not only the future of the Lightning, but perhaps the NHL. Remember, he was recently bestowed the honor of having his mug grace the cover of the video game NHL '12.

The Lightning were determined to get a deal reached with Stamkos, and Stevie Y never waivered on that, saying his team would match any offer sheet if one did come. Alas, it didn't come to that, instead reaching a deal that seems very fair to the team and Stamkos.

He will receive $8 million in the first four years of the contract and then $5 million in the final season. At that point, under the current CBA at least, he will be free to test to the free-agent waters unrestricted at the ripe age of 26, when he figures to be in the prime of his career. If no extension is signed before that point with Tampa Bay, can you imagine the frenzy for him? It would put the Brad Richards courtship to shame.

Photo: Getty Images

For more hockey news, rumors and analysis, follow @cbssportsnhl and @BrianStubitsNHL on Twitter.

Comments

Since: Aug 22, 2006
Posted on: July 19, 2011 11:58 pm
 

Lightning, Stamkos agree on five-year extension

wings 69, werent you the guy during a few game blogs, or glogs, whatever there called who GUARANTEED Stamkos wouldnt be re-signed by Tampa?? im pretty sure it was you.....i said i guarantee he stays....it was obvious they werent gonna let him go!
if it wasnt you sorry.



Since: Nov 26, 2008
Posted on: July 19, 2011 10:36 pm
 

Lightning, Stamkos agree on five-year extension

Congrats to the Lightning I think Mr. Vinik and my favorite hockey guy, Stevie Y, are moving this team in the right direction with every move they make. I always look forward to the Lightning playing my Wings to see how they match up with one of the perenial contenders and it's always nice to see The Steves play our team, even if one is now the GM of the other team !!!



Since: Nov 20, 2007
Posted on: July 19, 2011 10:14 pm
 

Lightning, Stamkos agree on five-year extension

As a Kings, I can see this signing meaning that the Kings will be offering at least 5 yrs and up to 7 years for Drew Doughty and I am guessing it will be in the neighborhood of 6.25 mil a year cap hit.  Jack Johnson's cap hit is 4.36 mil and I can see Doughty commanding about 2 mil a year more than him.  I wouldn't doubt seeing Doughty signed real soon.  




Since: Sep 5, 2009
Posted on: July 19, 2011 10:10 pm
 

Lightning, Stamkos agree on five-year extension

      A good signing for the Lightning as this guy is a goal-scoring machine.  Even though the Bolts are a division rival, I have to admire the job Stevie Y has done since becoming GM.  



Since: Jun 25, 2009
Posted on: July 19, 2011 8:11 pm
 

Lightning, Stamkos agree on five-year extension

Those that are saying the Lightning didn't step up and sign Stammer to a 10 year deal are completely over-looking the fact that it was Stamkos himself that insisted on giving himself a shot to be a UFA in his prime.

Stamkos can do anything he wants to do... in the end he's not going to suffer at all because 5 years from now he's going to get Crosby money...



Since: Nov 15, 2006
Posted on: July 19, 2011 7:49 pm
 

Lightning, Stamkos agree on five-year extension

YES YES YES! Stevie "Y" getting the job done as the GM. This only proves that the Lightning are a legit franchise, and there centerpiece for the next 5 years is Steven Stamkos!!! Well done!



Since: Feb 4, 2008
Posted on: July 19, 2011 7:34 pm
 

Lightning, Stamkos agree on five-year extension

To offer Stamkos 10 years at 8 or 9 million would be foolish. His Value will never be higher than the next 2 or 3 years. BUT i would like to see how his statistics suffer once Marty st louis retires or skills start to diminish. Lecavalier was putting up Stamkos like numbers for a few years there when he played with Marty, I fully expect stamkos stats to drop as well. This is in no way a knock on stamkoss skill, but more of a testament to the intelligence and playmaking of St Louis. Every great scorer has a set up man. Ovie-Backstrom, daniel- henrik, perry- has getzlaf AND ryan to create space for him. I guess Crosby plays with a bunch of scrubs and still snipes(crosby hater here so thats difficult for me to say) but yeah, ever wonder why Stamkos has such a great 1 timer? People used to think the same of Vinny, But st louis is a top 3 player in the league and him and Jumbo Joe are in the same boat when it comes to inflating teammates stats( well, cheech is pretty garbage)



Since: Feb 19, 2009
Posted on: July 19, 2011 5:55 pm
 

Lightning, Stamkos agree on five-year extension

Those that are saying the Lightning didn't step up and sign Stammer to a 10 year deal are completely over-looking the fact that it was Stamkos himself that insisted on giving himself a shot to be a UFA in his prime.  And why not?  Maybe he'd like to leave himself an opening to play in a hockey market and $38M is a lot of money to collect in your early 20's.



Since: Oct 16, 2007
Posted on: July 19, 2011 5:49 pm
 

Lightning, Stamkos agree on five-year extension

Thats a GREAT signing for both of them. Stamkos gets enough money to set up his kids  for life has them)iand give his grandkids a headstart in life as well.tampa locks up their franchise guy at basicly below market value for five years.If Stamkos doesn't like the teams direction in the next few years he can leave at 26 for a payday that should dwarf this one. i bet the Devils would LOVE a rework on their Kovy deal.( the dumbasses had their chance once already to come to their senses and they didnt')



Since: Jun 25, 2009
Posted on: July 19, 2011 5:45 pm
 

Lightning, Stamkos agree on five-year extension

I thought about this too but I don't think Tampa has the financial stability to jump into those 10-12 year deals that some of the other teams do.

I think you're right. But if that's true then Tampa is screwed in 5 years because there is no chance in hell Stamkos agrees to another 5 year deal when he turns 26 and becomes an UFA.  So all they did was delay the inevitable.... they will lose him. 


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