True superstars don’t hit the open market very often. When Steven Stamkos got close enough to talk to other teams in the negotiating window last summer, it was as close as you’d ever expect a player of that caliber in his prime to get to unrestricted free agency. Stamkos eventually signed on June 29th, a day that will live in hockey infamy (due to the massive trades that also happened within minutes of the Lightning re-signing). Thus, it was technically an extension that Stamkos signed, as he’d not yet become a free agent.
This weekend at the all-star game, a player who has been linked to Stamkos for a long time made his feelings clear about a possible extension. John Tavares, the superstar center that has been mired in New York (and not that New York) for the first part of his career told the media that he’d be open to an extension come July 1st, and that he liked the direction the organization was heading. Now, whether or not you agree with him on liking the direction GM Garth Snow and company are headed in, it’s a big deal that Tavares would come out so publicly in support of at least a negotiation.
So the question now becomes what would an extension look like. Tavares has one more season on his current deal, which will pay him $6MM (with a $5.5MM cap hit) and contains a full no-movement clause. He signed that deal back in 2011, before he’d even turned 21. Now 26, any extension he signs will start when he’s heading into his age-28 season almost two years older than Stamkos was.
It’s with Stamkos that the comparison has to begin. The two were the first overall selections in back to back years, and faced each other countless times in junior. They were even teammates at 17 for Canada at the World Juniors, while battling near the top of the OHL scoring charts (with another future first-overall selection in Taylor Hall). Stamkos’ deal then is a good starting point for projecting what Tavares will get.
It’s that though that poses so much difficulty, because of their distinct situations. As mentioned, Tavares is due to hit free agency later than Stamkos and doesn’t quite have the resume of the Lightning sniper. As surprising as it may be, Tavares lags behind in most categories including individual awards and team success. The Lightning have been players deep into the playoffs, while the Islanders have won just a single playoff round with Tavares. Stamkos has two Maurice Richard trophies for the league’s top goal scorer, while amazingly Tavares has only come relatively close to an award during the lockout-shortened season.
Stamkos received an eight-year deal from the Lightning, with an average annual value of $8.5MM. Many saw this as a steal for Tampa Bay, as there were numbers bandied about as high as $12MM from the Toronto Maple Leafs. With the blue-and-white shadow looming over Tavares as well (another home-town boy) $8.5 is an interesting starting point for an extension. Even if Stamkos did take a bit off to stay in Tampa, there are only seven forwards who earn more on a per-year basis than him in the league, and four of them were just named to the NHL’s top-100 players of all time (and another should have been, but I digress). While Tavares simply doesn’t have the numbers to approach Stamkos – he has scored .92 points per game to Stamkos’ .99 – many believe he is the better defensive player and doesn’t have the injury history that the Lightning forward does.
Anze Kopitar, a center who lags behind Tavares offensively but is considered among the best defensive forwards in the game just got $10MM per season for the next eight years, and it seems like that may actually be closer to what the Islanders will have to dish out. While the real number will likely fall somewhere in between, it’s not out of the question that Tavares could get the largest annual value ever should he wait to hit the open market. Like Stamkos before him a bidding war would likely open, and with the loss of that eighth year possibility (contracts are capped at seven years once a player hits unrestricted free agency), the AAV would likely go up.
For the Islanders, signing Tavares is obviously a huge priority. But after committing long term to Andrew Ladd and having $6MM tied up in an under-performing and rapidly aging Johnny Boychuk it won’t be an easy task. The team has a lot of money tied up in players that aren’t giving them a chance at the Stanley Cup, meaning this superstar may just hold out a little longer to really see what direction the team is headed in for the next eight years.