Signing the Sedins
Matthew Sekeres of the Globe and Mail writes that the Vancouver Canucks and Daniel and Henrik Sedin are still millions of dollars apart in contract negotiations. The twins are seeking five-year deals that average $6.5-million (all currency U.S.) a year. The Canucks have countered with $5.5-million over three or four years.
It is a well known fact that the Sedins are a package deal and, based on that idea, they think they are worth essentially 13 million a year for 5 years (6.5 million for each of them). It is also expected that the salary cap will remain around the 56 million that it currently is for next season and then could drop to as low as 46 million for 2010-2011. So based on these salary cap estimations I've gone through the salaries of every team to see who else can really afford the Sedins with a cap of 56 million next season and we'll estimate a cap of 50 million for 2010-11 and beyond.
Barring any major trades by a team, these are the teams that currently have room for the Sedins at 13 million for the even the next 2 seasons:
Atlanta is a possibility as they have 30 million committed to 12 players for next season and only 14 million signed in 2010-11.
Dallas is a major longshot but it's technically possible as they have 38.5 million committed to 14 players for next season and 21 million signed in 2010-11.
Montreal is a team to be considered, if the Sedins don't re-sign in Vancouver, as they have a miniscule 23.5 million committed to 11 players and only 18 million committed in 2010-11. They also have a ton of young prospects which makes signing high priced free agents easier to work with.
Nashville seems to have the cap space with 14 players signed for 33.5 million and 26 million committed in 2010-11 but one has to wonder whether they would want to spend even more money on forwards since they already have 4 forwards making 4 million or more.
N.Y. Islanders also could be a major player as they have 15 players signed for only 30 million next year and have 24.5 million locked up in 2010-11.
Phoenix could afford them as they have 36.5 million committed to 16 players and have 24 million committed in 2010-11.
St. Louis is also a longshot but again it's possible as they have 40 million committed to 16 players for next year and 21 million signed in 2010-11.
Vancouver seems to be the leading candidate but may not be willing to commit the 13 million that the Sedins want. They have 31 million committed to 11 players but only 13 million invested for 2010-11. I simply don't forsee most of these teams going after a 13 million dollar acquistion.
For a team outside of this list to consider signing the scenes would require a major salary dump or trade. Consequently, I see two options, that the Sedins will not be able to sign together with the same team or that they will not be able to sign for the amount they want, or necessarily in the market they want. This bodes well for all Canucks fans, knowing first that you may not have to pay the Sedins 6.5 million a season (13 for the both of them), and secondly that you have a far greater chance of keeping the Sedins because of fears of the cap going down. For once the "economic recession" may actually be a good thing, that is, as a Canucks fan.
It is a well known fact that the Sedins are a package deal and, based on that idea, they think they are worth essentially 13 million a year for 5 years (6.5 million for each of them). It is also expected that the salary cap will remain around the 56 million that it currently is for next season and then could drop to as low as 46 million for 2010-2011. So based on these salary cap estimations I've gone through the salaries of every team to see who else can really afford the Sedins with a cap of 56 million next season and we'll estimate a cap of 50 million for 2010-11 and beyond.
Barring any major trades by a team, these are the teams that currently have room for the Sedins at 13 million for the even the next 2 seasons:
Atlanta is a possibility as they have 30 million committed to 12 players for next season and only 14 million signed in 2010-11.
Dallas is a major longshot but it's technically possible as they have 38.5 million committed to 14 players for next season and 21 million signed in 2010-11.
Montreal is a team to be considered, if the Sedins don't re-sign in Vancouver, as they have a miniscule 23.5 million committed to 11 players and only 18 million committed in 2010-11. They also have a ton of young prospects which makes signing high priced free agents easier to work with.
Nashville seems to have the cap space with 14 players signed for 33.5 million and 26 million committed in 2010-11 but one has to wonder whether they would want to spend even more money on forwards since they already have 4 forwards making 4 million or more.
N.Y. Islanders also could be a major player as they have 15 players signed for only 30 million next year and have 24.5 million locked up in 2010-11.
Phoenix could afford them as they have 36.5 million committed to 16 players and have 24 million committed in 2010-11.
St. Louis is also a longshot but again it's possible as they have 40 million committed to 16 players for next year and 21 million signed in 2010-11.
Vancouver seems to be the leading candidate but may not be willing to commit the 13 million that the Sedins want. They have 31 million committed to 11 players but only 13 million invested for 2010-11. I simply don't forsee most of these teams going after a 13 million dollar acquistion.
For a team outside of this list to consider signing the scenes would require a major salary dump or trade. Consequently, I see two options, that the Sedins will not be able to sign together with the same team or that they will not be able to sign for the amount they want, or necessarily in the market they want. This bodes well for all Canucks fans, knowing first that you may not have to pay the Sedins 6.5 million a season (13 for the both of them), and secondly that you have a far greater chance of keeping the Sedins because of fears of the cap going down. For once the "economic recession" may actually be a good thing, that is, as a Canucks fan.
Labels: Economic Recession, Free Agency, Sedins
posted by Aidan Tiefenbach at
11:23 PM
3 Comments:
Atlanta may be a good option for them. They perform reasonably well during the regular season and disappear in the playoffs. This would be a perfect fit for a team that never makes the playoffs. They could finally wake up but it is less than likely I'd say.
I think Atlanta has the cap room but I'm not sure they want to pay up to the cap, especially with the kind of money that they are supposedly losing every year. I did have to include them though because they do technically have the room, and are therefore must be mentioned. Based on the notion that teams don't want to pay to the cap, you could also probably scratch Phoenix and Nashville off the list.
I would be surprised if the Sedins keep their price that high. I don't see any of those other teams paying out, so they'll have to sign for at most 5.5 million each. I guess it also depends what happens in the playoffs.
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