Lecavalier gets lifetime deal
Lightning owner Oren Koules said Saturday night the Lightning has signed superstar center Vinny Lecavalier to an 11-year contract extension worth $85-million.
"This is a huge day for this organization," Koules said. "We're unbelievably proud."
Lecavalier's cap hit comes in at $7.72-million a season, a number that's affected by the fact that the 10th and 11th years of the deal, when he will be 39 and 40, the contract is only $1.5- and $1-million.
Consider that a loophole.
The probability of him playing for that amount of cash in 12 years, when $1-million is guaranteed to be below the league minimum salary, seems low. Tampa Bay gets a break against the cap because of the bogus tack ons given his actual salary is $8.5-million or more for the next eight years beginning in 2009-10.
At that price, he better have a few Hart trophies in him.
2009-10 until 2015-16: $10-million
UPDATE “I’m proud and honored to be committing myself to the Tampa Bay Lightning for the rest of my NHL career,” Lecavalier said. “It’s no secret how I feel about the organization, the fans and the Tampa Bay community, and there’s no place else I’d rather be. Combine that with the enthusiasm and commitment to winning that has been shown by owners Oren Koules and Len Barrie, and signing this long-term deal was an easy decision.”
One other item of note: The contract has a no-movement clause.