Tuesday, September 09, 2008

Panthers lock up Ballard

Florida Panthers General Manager Jacques Martin announced today that the club has agreed to terms with D Keith Ballard on a six-year contract extension, beginning with the 2009-10 season. Ballard becomes the fifth Panthers player to sign for five or more years, joining D Bryan Allen, RW Nathan Horton, LW Rostislav Olesz and C
Stephen Weiss.
>> team release
Phoenix had a heckuva time trying to sign Ballard to a long-term deal a few months back, and that played a pretty major role in seeing him dealt to Florida in the Olli Jokinen trade.

I've yet to see financials on the extension, but George Richards reasons that it's likely in the neighbourhood of $4-million a season and that makes sense. You wonder, however, where that puts a new deal for Jay Bouwmeester.

"Keith is a talented, puck moving defenseman, that plays a robust style, who will play a pivotal role on our team for many years to come," said Martin. "Since we acquired Keith at the draft this year, it has always been a top priority to reach a long term extension with him. We are very pleased to have reached this agreement prior to the start of training camp and we are confident that he will play a major role in the future success of the Florida Panthers organization."

UPDATE Richards informs me that Ballard's deal is for $4.2-million a season, or $25.2-million over the six years. It's steep, but they do lock him up until 2014-15.
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6 Comments:

At 6:50 PM, September 09, 2008, Blogger FAUX RUMORS said...

) This will only escalate the rumour mongering with regards to Bouwmeester. Not that certain un named sites needed any ammo!

 
At 7:12 PM, September 09, 2008, Blogger Brooklyn Hockey Boy said...

The Bouwmeester impact is intriguing, and it probably makes a lot of people reminisce about the good old days of the Clash: Will he stay or will he go? My guess: Bouwmeester stays at least until the trade deadline, and his future from then on depends on his performance during the season.

 
At 7:54 PM, September 09, 2008, Anonymous Anonymous said...

Keith Ballard, Bryan Allen, Nathan Horton, Rostislav Olesz and Stephen Weiss.

Does anybody else see here a tiny problem. When other team sign longterm deals with stars and superstars Florida has signed these five and only one of them could be a star (Horton).

I understand cancer captain's trade but if Bouwmeester is also gone this organisation is in Canada within five years.

 
At 11:09 PM, September 09, 2008, Blogger saskhab said...

The contracts in Florida are pretty out of whack.

 
At 11:01 AM, September 10, 2008, Blogger Whale4ever said...

What makes any of these contracts out of whack, considering the players they represent? Is there any question a second-liner like Olesz wouldn't be market-valued well over $4M in 4 to 5 years, when he's still under 28 years old? These guys are all going to be phenomenal bargains in a year or two.

 
At 3:58 PM, September 10, 2008, Blogger J. Michael Neal said...

the good old days of the Clash: Will he stay or will he go?

This was very definitely not the good old days of The Clash.

Odd that Hobey Baker winner Jordan Leopold is now the third highest paid member of the 2002 Golden Gopher defense corps. He was much better than Ballard when he was here, and somewhat better than Paul Martin, though Martin was fabulous.

 

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