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Flyers extend James Van Riemsdyk for six seasons

Posted on: August 30, 2011 12:53 pm
Edited on: August 30, 2011 1:44 pm
 

By Brian Stubits

The Philadelphia Flyers have re-signed young forward James van Riemsdyk to an extension, helping them bypass restricted free agency next season.

While the team didn't say how long the contract is for other than being a multi-year deal, Van Riemsdyk spilled the beans himself, tweeting about his delight of the deal.

"Excited to sign a 6 year extension with the @NHLFlyers, love playing in Philly," Van Riemsdyk said. "Want to thank mr snider and flyers management for treating me well and showing confidence in me #firstclassorganization."

Scott Burnside of ESPN reports the deal is for $25.5 million over the six years or an annual cap hit of $4.25 million. That's a pretty hefty deal for JVR at this point, but obviously they are investing in what they think he will become, not who he is now.

A deal at that length will help the sides avoid the restricted free agency process altogether, surely a welcome result for both parties. As this summer has reminded, that can be an ugly fight. Already under contract for next season, the deal will keep JVR in black and orange until he's nearly 30.

The 22-year-old New Jersey native has shown plenty of promise in his two seasons in Philly. Last season he scored 21 goals and chipped in 19 more assists in the regular season before scoring seven goals in 11 games for the Flyers in the playoffs. He will be one of the players called on to help fill the scoring void left by Mike Richards' and Jeff Carter's exits.

It's been a good summer for JVR. First there was the appearance in an upcoming Judd Aptatow film, now this. Not bad for the offseason.

A native of the Jersey shore, Van Riemsdyk grew up a fan of the Rangers. Not any more.

Photo: Getty Images

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

Comments
kkjyywlpo
Since: Dec 2, 2011
Posted on: December 15, 2011 11:47 pm
This comment has been removed.

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Since: Jul 1, 2010
Posted on: August 31, 2011 11:51 pm
 

Flyers extend James Van Riemsdyk for six seasons

 
Hockeybob: do you watch hockey or just read articles about hockey?
sigh.  
With JVR's upside and potential (2nd overall pick) and his playoff run last year when he was one of the most dominant players on any team, more than justify a 4.25/year hit.  That is nothing. 
In 2013 and 2014, remember that 1.2mil +/- .3 mil over market value plus that Briere and Pronger contract when PHI heads into the playoffs.   Because of the contracts on the books, (Pronger expecially hard to move), that extra 1 mil or so is even more valuable and it sure does alot to upgrade a 3rd defensive pair or 3rd line forward.    Expensive downpayment to get a discount later in the contract imo. It's very likely to be the main reason no other team has given out a comparable contract to a player with similar accomplishment coming of his EL deal.

He's going to be a very good player, but no matter how good he is (I do think he'll develop very well), it doesn't change that Holmgren will be pinching his cap when he already has some risky contracts on the books (and a pretty weak system to pull depth from) as it is for the next 2 years after this one.     Like I said, it's a very expensive downpayment for the chance at a good (not great) return on contract value in 4 years hopefully 3.   As far as trading and signing in the next few years, all his blue-chip player movement will make it a little more expensive for him to sign FAs since most gms, and he, will want to stay away from NTCs. 

The contract alone and by itself isn't too bad imo, but taken in context with the current contracts on the books and his league market value now (not projections) for a RFA he paid too much too early and took more risk than I think was wise.    But if the win a cup in the next 3 years, I'll eat my words.



Since: Apr 20, 2009
Posted on: August 31, 2011 10:57 pm
 

Flyers extend James Van Riemsdyk for six seasons

pretty hefty price tag for 'upside and potential'



Since: Dec 31, 2007
Posted on: August 31, 2011 9:18 pm
 

Flyers extend James Van Riemsdyk for six seasons

Hockeybob: do you watch hockey or just read articles about hockey?

With JVR's upside and potential (2nd overall pick) and his playoff run last year when he was one of the most dominant players on any team, more than justify a 4.25/year hit.  That is nothing.  

I agree that Homer has overpaid for some players.  Jody Shelley's deal last year was too high, Jagr's deal this year was a bit much.  BUT, although he backs us against the cap each year, he also is able to maneuver around it enough to put a huge number of top flight talent players on the ice.  Homer has demonstrated that he has no concern about the total value of a deal, the Flyers have always been big spenders.  The only thing that matters is the per year hit.



Since: Jul 1, 2010
Posted on: August 31, 2011 3:24 pm
 

Flyers extend James Van Riemsdyk for six seasons

There's nothing wrong with the keeping him around, the problem is with the value and length of the contract.    JVR will probably be a good player,  but that won't change the fact that he is payed significantly over market value for the next couple seasons after this one to say the least.   There is no precedent for such a long and rich contract to a comparable player with his level of accomplishment.    Committing 25.5 million to a guy with 150 games under his belt coming off of an EL contract is something new, and more than anybody else has considered paying, nothing he does changes that he will be overpayed significantly and will eat into the cap more than necessary for the following 2 or 3 seasons.   If he scores 50 goals, he'll be making more than he needed to, same to be said of 30, or 20 too, he didn't need to get that much and it will effect the flexibility of the roster until much later assuming he performs close to his projections. 

It's very possible that he's a bargain player come year 4-6, and he'll possibly be playing at a significant discount if that's the case.   He's gotten his contract's size and length based mostly on projections, not on accomplishments, and there are reasons that we haven't seen something very similar before with a player of similar accomplishment.   Couture is far more accomplished in almost every category and he was extended for 2 years at 2.875 mil.   That's a huge gamble, I consider it reckless, and the return on investment won't be for at least 3 years, probably closer to 4 or 5, and the limitations to the cap in 2 and 3 years may offset much of the value later in the deal.

I can only wonder how Giroux and Voracek feel about that deal, we'll probably never have a real answer to that. 

Nothing I'm arguing says he's a bad player or doesn't project well.    I'm saying that it seems more practical long term and much more effective short term to have given him a shorter and more comparably valued contract.  



Since: Jun 7, 2010
Posted on: August 31, 2011 1:17 pm
 

Flyers extend James Van Riemsdyk for six seasons

I see nothing but upside for JVR especially if he camps out in front of the net on the PP.  Hey HockeyBob,  who signed Yasik and Dipietro to those long contracts.  Not Homer.  I'm ok with the deal.  He looked hungry when everyone else folded and wish him luck.  Hope he drills Carter into the boards so hard that Carter ends up in the next towns tittie bar.



Since: Oct 15, 2006
Posted on: August 31, 2011 11:27 am
 

Flyers extend James Van Riemsdyk for six seasons

Hey hockeybob, make sure you get on after this season when he scores 25+ goals, and is a plus15-20 player and say you were wrong. This kid was the best Flyer in the playoffs, and it will carry over to this season. He deserves the same money that Buffalo gave Leino, so blame the Sabres GM also!




Since: Jul 1, 2010
Posted on: August 31, 2011 10:37 am
 

Flyers extend James Van Riemsdyk for six seasons

There's about a dozen or more stories in hockey cities already about how Holmgren overpaid and completely jacked up the market.   Duchene is going to get 6 mil for 8 years, Edmonton is just screwed, Tavares is going to see Richards money for 9 years, Turris won't be in PHX long, Couture is going to do physical harm to his agent, Voracek already killed his....talk about changing the landscape.   Everybody expected the cap hike to have some goofy consequences, but I don't think they expected a grenade of pain coming from Holmgren like this.   LOL, I don't think too many gms anticipated a contract like that to an unproven player.

Should be a more interesting year following the upcoming RFAs because of the CBA, Doughty, Weber, and JVR contracts.



Since: Aug 27, 2010
Posted on: August 31, 2011 7:43 am
 

Flyers extend James Van Riemsdyk for six seasons

This isn't the first time the Flyers overvalue and overpay their players. No wonder they always have cap problems. Enjoy 4th place in the Atlantic this year!




Since: Nov 5, 2007
Posted on: August 30, 2011 11:46 pm
 

Flyers extend James Van Riemsdyk for six seasons

When you get better every game, you show that you can be a big part of the foundation.

JVR was the best Flyer in the playoffs this year.

Last year he scored a big goal (although a trash goal) in the legendary game 7 in Boston.

Maybe this year he can tuck 40.

The sky is the limit for this kid.


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