The Richest Contracts In NHL History
Friday was a very busy day for Jamie Benn. First, he underwent surgery to repair an injured core muscle that leaves his availability for Team Canada at the World Cup in question. Then the good news for him came in the form of an eight year, $76MM extension that makes him the highest paid player in team history. It’s one of the richest deals in league history but falls just short of the top-10 of all time, at least in part. Here’s a closer look at the priciest NHL deals ever.
1) Alex Ovechkin (13 years, $124MM) – Following his entry-level deal, Ovechkin essentially signed a two-pronged extension, one for six years at $9MM per season and then another at seven years and $10MM per year. While you can’t call his contract a bargain, he has been one of the NHL’s top players for many years and is expected to continue to do so for a long time to come.
2) Shea Weber (14 years, $110MM) – Offer sheets have been few and far between in recent years but Weber was the most prominent to receive one as the Flyers inked him to a heavily frontloaded one in the summer of 2012. Interestingly enough, offer sheets cannot contain any trade restrictions which likely played a role in Weber’s trade to the Canadiens last month.
3) Sidney Crosby (12 years, $104.4MM) – Prior to the current CBA which set a term limit of eight years on any contract, Crosby inked a highly frontloaded deal to stay with the Penguins until he’s 38. The extra money up front was enough to keep Crosby at an $8.7MM cap hit, matching his sweater number.
4) Ilya Kovalchuk (15 years, $100MM) – New Jersey’s second attempt at a Kovalchuk deal in the summer in 2010 was enough to avoid another cap circumvention penalty. That’s really the only good news that came from it as just three years later, Kovalchuk ‘retired’ to return to play in the KHL. The Devils are dealing with a salary cap recapture penalty of $250K until 2024-25.
5) Alexei Yashin (10 years, $87.5MM) – This was an outright disaster for the Islanders, who inked Yashin to this deal back in 2001. He failed to come close to expectations and wound up being bought out with four years left on the deal at a cost of over $17.6MM. On top of that, the Isles traded Zdeno Chara and the draft pick that yielded Jason Spezza as part of the package to land Yashin.
6) Vincent Lecavalier (11 years, $85MM) – Tampa Bay was hoping they had a fair deal with their franchise player at the time when they signed him to this deal back in 2009. However, like Yashin, he struggled under the weight of the new deal while injuries took a toll as well. The Lightning bought him out in 2013 and are in the midst of paying him over $32.6MM not to play for them through 2026-27. Lecavalier retired earlier this offseason.
7/8) Patrick Kane and Jonathan Toews (8 years, $84MM) – Chicago inked their two superstars to identical contracts two years ago, a year before each were eligible for unrestricted free agency. The Blackhawks continue to find ways to stay under the cap for now but that could become more of a challenge if the salary cap continues to stay close to where it is now as the years progress.
9) Anze Kopitar (8 years, $80MM) – Back in January, the Kings reached this deal with their new captain to avoid the risk of losing him to free agency this summer. Kopitar has been Los Angeles’ most consistent forward for many years now and should remain their franchise forward for many years to come.
10) Jaromir Jagr (7 years, $77MM) – Washington signed Jagr back in 2001 to what was the richest deal in league history at that time. However, the lockout in 2004-05 introduced a 24% rollback just two years into the contract which cost Jagr over $21.5MM in salary. Jagr, now 44, is still going strong in the NHL and signed a one year, $4MM guaranteed deal with Florida in May. He could also earn another $1.515M in games played and award bonuses.
If you take Jagr’s deal off because of the subsequent rollback, Benn’s new $76MM contract as well as Evgeni Malkin’s current identical pact with the Penguins become tenth on the all-time list.
2016 Stanley Cup Finals: Conn Smythe Award
With the Stanley Cup Final heading back to San Jose for Game 6, the Penguins will have a second chance to close out the Sharks. If they are able to, the only remaining question will be who wins the Conn Smythe Award as the playoff MVP. If Pittsburgh is able to win tonight, there are a handful of Penguins who can take home the hardware, with these three leading the charge:
Sidney Crosby– The Penguins captain hasn’t produced at the point per game consistency he usually does but he has still been very productive with 17 points in 23 games. Crosby’s top-notch puck protection and vision have allowed him to control the play in the offensive zone. Not only has he dominated offensively, but Crosby has played a consistent 200 foot game. Crosby’s calming presence in the defensive zone has helped stabilize what was thought to be a below average defense, especially after the injury to Trevor Daley.
Phil Kessel– The addition of Kessel and his monster cap hit before the season seemed questionable, especially after Pittsburgh started the year as one of the lowest scoring teams in the league. Don’t look now but Kessel has been the Penguins leading scorer these playoffs. Kessel has one of the quickest releases in the NHL and he hasn’t been afraid to shoot the puck, boasting a league leading 95 shots (for reference teammate Patric Hornqvist is second in the playoffs with only 77 shots). Kessel has been incredibly consistent, being held scoreless in just 7 of 23 games.
Matt Murray– No one expected 21 year-old Matt Murray to be in this conversation, let alone between the pipes in the Stanley Cup Final for the Penguins. Murray has been an absolute revelation for Pittsburgh since he was called upon in game 3 of the first round against the New York Rangers. Murray has posted a 2.14 Goals Against Average and .923 Save Percentage since being named the starter. Without Murray stepping up, Pittsburgh would be in huge trouble. Back up goalie Jeff Zatkoff was pulled for Murray after playing poorly in the first series and Marc-Andre Fleury struggled mightily after returning from injury.
If the San Jose Sharks are able to take care of business at home, the series will return to Pittsburgh for a winner-take-all Game 7. If they can take down the Penguins, there are plenty of Sharks who deserve the Conn Smythe. These are the three at the top of the list:
Logan Couture– Logan Couture leads the league in scoring these playoffs with 29 points in just 23 games. Couture’s playmaking ability has been a nightmare for opposing defenseman, setting up linemates Patrick Marleau and Melker Karlsson. The second line combination has worked wonders for coach Peter Deboer, forcing opponents to play a game of pick-your-poison when deciding to play its top pairing against either Couture’s line or the first line of Joe Pavelski, Joe Thornton, and Joonas Donskoi.
Brent Burns– Burns leads all defenseman in playoff scoring with 23 points in 23 games. Penguins defenseman Kris Letang is second with just 14 points. Burns has been dominant on the offensive side of the puck. He is uncommonly poised handling the puck on the blue line, and is a force joining the rush and carrying the puck into the offensive zone. Where Burns is typically criticized is in his own zone, but he has been terrific there as well. He is second in the playoffs in plus/minus at 11, only trailing teammate Marc-Edouard Vlasic.
Martin Jones– Martin Jones is the reason the Sharks are still alive playing in a game 6. In game 5 Jones stood on his head, stopping 44 of 46 shots. The Sharks were severely outplayed but Jones time and again bailed out his team with terrific pad work. Jones has posted a 2.16 Goals Against Average and a .922 Save Percentage.
My picks: If the Penguins win, Sidney Crosby. If San Jose pulls it out, Martin Jones.