Blog Entry

Stamkos' contract compared to recent deals

Posted on: July 19, 2011 5:07 pm
Edited on: July 19, 2011 6:21 pm
 
By: Adam Gretz

The Steven Stamkos restricted free agency saga finally came to its expected conclusion on Tuesday afternoon when it was announced that the 21-year-old forward signed a five-year deal that will keep him in Tampa Bay through the end of the 2015-16 season. His current cap hit of $7.5 million is tied for the seventh largest number in the NHL along with Dany Heatley and Marian Gaborik, and it places him behind Alex Ovechkin, Sidney Crosby, Evgeni Malkin, Eric Staal, Rick Nash and Vincent Lecavalier.

It's the first major contract for Stamkos coming off his entry level deal and compares favorably to contracts signed by other young forwards at similar points in their careers. Here's a quick look at how this deal stacks up with the NHL's other top young forwards that have signed their first major contracts in the salary cap era (ranked in order of cap hit)...

Recent Young Players and Their First Big Contract
Player Years Total Dollars Cap Hit
Alex Ovechkin 13 $124 million $9.53 million
Sidney Crosby 5 $43.5 million $8.7 million
Evgeni Malkin 5 $43.5 million $8.7 million
Steven Stamkos 5 $37.5 million $7.5 million
Anze Kopitar 7 $47.6 million $6.8 million
Nicklas Backstrom 10 $67 million $6.7 million
Paul Stastny 5 $33 million $6.6 million
Patrick Kane 5 $31.5 million $6.3 million
Jonathan Toews 5 $31.5 million $6.3 million
Phil Kessel 5 $27 million $5.4 million
Bobby Ryan 5 $25.5 million $5.1 million

Five years is a pretty common contract length, unless you're looking at the Washington Capitals, who have made sure their two best players are taken care of for the next decade (at which point they will still only be in their early 30s). The cap hit puts Stamkos slightly below players like Crosby and Ovechkin and slightly above players like Backstrom, Kane, Toews and Kopitar. And that seems fair based on the on-ice production. He's more productive than the second group and still somewhat behind the first.

The only real concern for Tampa Bay fans at this point -- and this is still years away from being an issue -- is this: Once the deal expires (and yes, we're already looking ahead to the next Stamkos free agency saga) he will be hitting the open market (as an unrestricted free agent -- and that's assuming the age for unrestricted free agency remains the same) at the age of 26, well into the prime of his career.

Salary figures via CapGeek

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Comments
kkjyywlpo
Since: Dec 2, 2011
Posted on: December 16, 2011 5:13 am
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Since: Jan 9, 2007
Posted on: July 21, 2011 9:53 am
 

Stamkos' contract compared to recent deals

I like the Stammer, and im more sold on him after he took the puck to the noggin and came back on the ice in the same game. But hes not a game changer. He needs to be setup he doesnt create for others. from what ive seen he needs to work on his legs and overall strength. Hes not overly strong when being pushing around and since hes not elusive it becomes a problem against good playoff teams. On the brightside hes only 21 and has plenty of time to work on it. And by 26 the Bolts will know what his top shelf value is and then determine if hes worth the holy cow contract. So i think this is a win win contract for both sides. The Bolts didnt pay him like Cros and Ove (not that im a big fan of Ove because i think hes a puck hog) because hes not in their league and he still got paid very well.


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