The Red Wings and their No. 1 goalie for the past few years are very close to finalizing a new deal. That comes from Howard himself.
"It's really, really close," Howard said. "We'll see. You never know. Hopefully by the end of the weekend."
What kind of new contract are we looking at for the 29-year-old Howard? According to Aaron Ward of TSN, it's going to be a six-year deal worth $31.8 million, or $5.3 million per season.
It's a bit of a departure from GM Ken Holland's long-held philosophy of winning with goaltending on the cheap, but Howard has done all that they could have asked of him in the past few seasons and was going to be due a nice raise from his current $2.25 million per season to stay.
Staying was something Howard has wanted to do all along.
"I wanted to be here," Howard said. "I get along great with everyone here. I believe in this organization ... It feels good, I mean I've worked really, really hard, paid my dues in the minors and really became a professional. To see it pay off here shortly is a good thrill for my family and I."
Immediately the attention turns to if this will be a good deal for the Wings. As mentioned, it's not typical of Holland to pay a goalie that high a salary -- it's not that high compared to the rest of the league, mind you. Still, the contract is going to take Howard to 35 years old, and giving goalies contracts of a few years in length is always a risk. It's a bigger gamble than any other position.
For some comparables at that price, it's closest to Roberto Luongo's $5.33 million hit, albeit for a much shorter duration. Marc-Andre Fleury and Ilya Bryzgalov are also in the neighborhood, but again, this deal for Howard is shorter than those. Same for Jonathan Quick, who is having a rather miserable season after signing his 10-year, $58 million deal.
In comparison, it doesn't seem too out of whack at all.
Howard has developed into a reliable and consistent goalie for the Wings. This season he has a .917 save percentage, right on his career average -- which is a few points higher than average in the NHL -- and has played in at least 57 games each of the previous three seasons. This season he has played 33 of the Wings' 39 games.
I think it's a pretty good deal for Holland and the Wings. Goaltending costs you money and you need to have dependable goalkeeping when the rest of the team in front of him seems a bit unsure. Detroit isn't where it's used to being and there is some uncertainty with the roster going forward. Pavel Datsyuk could be gone as early as next offseason, Henrik Zetterberg isn't getting any younger, etc. Howard at least provides some stability -- and ability -- during the upcoming stretch.
The Wings could get away with a cheaper goaltending approach when they had Nicklas Lidstrom and four lines of scoring. They don't have those things anymore so it's wise to invest more in the goaltending to make up for that.
Coach Mike Babcock knows the value in a strong and reliable goalie.
"Howie has worked hard and the organization has confidence in him," Babcock said. "It's important for us. We need good goaltending. Just how much parity there is, we need him each and every night and he's been excellent for us."