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 M.Richards 12 Year Extension Allow Anonymous Users Reply to This Topic...
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Ottawa Oilers
Rookie



150 Posts

Posted - 12/13/2007 :  19:59:46  Show Profile  Reply with Quote
Mike Richards of the Philadelphia Flyers has signed a 12 year extension:

"Richards and the Flyers have agreed on a 12-year, $68.4 million contract extension, meaning Richards will be wearing black and orange through the 2019-20 season. Beginning in 2008-09, Richards will count $5.7 million against the Flyers’ salary cap. He is making $942,400 this season, the last on his three-year entry contract."

http://www.nhl.com/nhl/app/?service=page&page=NewsPage&articleid=346538

PainTrain
PickupHockey Veteran



Canada
1393 Posts

Posted - 12/14/2007 :  14:13:43  Show Profile  Reply with Quote
Well I think that means the Flyers really like him and want him long term. He is a great two way player and future Captain of the Flyers. Good signing, let's just hope he doesn't slow down after getting all this money!
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Guest9782
( )

Posted - 12/14/2007 :  15:50:52  Reply with Quote
I don't know, 12 years is a long time...............a lot can happen between now and then.

I hope for their sake that they made the right decision.
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Beans15
Moderator



Canada
8175 Posts

Posted - 12/14/2007 :  16:15:29  Show Profile  Reply with Quote
Pro's :
1) Locked up for basically his career.
2) Cap room is easier as you know that $5.7 million is locked for 12 years.
3) Potential is enormous. If he continues to improve, he would be a top 10 player in the league for a long time.
4) If the Cap increases, and players are making $10+million a year, Richard's is still getting $5.7 million
5) The player is likely to sign a for sure contract for $68+ million. Security over rick
6) If he turns out to be gold, he will not be untradeable with a Brad Richard's type contract.

Con's:

1) The team takes all the risk. He turns out to be a bum, or gets injured, the team is stuck with the contract.


Although I am sure there are out clauses and insurances involved to protect the team a bit. In the end, it's a huge risk.

The GM either turns out to be a Genius or a complete knob. This is a job saver or a career ender for the GM.


Let's wait and see what happens.

Wayne or Bobby?? How about both!!!
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