Ty Anderson of WEEI reports that Zdeno Chara won’t be done with hockey after next year, and wishes to sign another contract after his current deal expires next summer. Chara will be playing next season at the age of 40, and because of that he’ll actually be much less of a burden on the Boston Bruins cap. 
Chara is the last bastion of the “Kovalchuk Rule”, meaning that his cap hit after turning 40 will be equal to the actual salary that he’ll earn. In his case, it will be just $4MM next season instead of the ~$6.92MM he has had for the past six seasons. The rule was added to try and stop teams from adding minimum salary years to the end of contracts in order to lower the cap hit (which is based on the average annual value) but was removed from the new CBA in 2012 when term limits were imposed on contracts. Kovalchuk’s 15-year deal that paid just $10MM over the last five seasons was the inspiration.
The 40-year old defenseman would need to take quite a pay cut to come back after next year if his steady decline continues. His effectiveness at times was missing completely, and he looked slow among a league filled with youth and speed. The Bruins, though loyal to their captain of 11 years, should be heading in a new direction on defense after this year with Brandon Carlo and Charlie McAvoy joining Torey Krug as the blueline leaders. With Jakob Zboril, Ryan Lindgren and Jeremy Lauzon following them, it will likely be too crowded to dedicate a spot to Chara.
That doesn’t necessarily mean he won’t get a chance somewhere in the league though, as shown by Jaromir Jagr over the past number of years. Multiple times Jagr has appeared to be finally declining out of relevancy only to re-establish himself the following year. Should Chara come back with another solid—if even unspectacular—season, there will be a team that tries to insert him on their bottom-pairing and go for a Stanley Cup.
Photo courtesy of USA Today Sports Images
Based on his play and assuming his role is reduced going forward I could see that happening for the right price. I don’t really agree with the steady decline statement, yes he’s slow as hell at this point but he’s still a very responsible defensive presence. When he’s not getting delay of games.