Friday, June 30, 2006

Wings Sign Lidstrom: 2 years, $7.6 million/season

GM Ken Holland has worked his magic and gotten Nicklas Lidstrom to sign a two-year, $7.6 million/season contract. This comes despite news that the salary cap will be raised to $44 million next season, after higher than expected profits during this past season (when the cap was $39 million). Based on the increase in cap space, Lidstrom could've demanded a raise to around $8.5 million to stay around the same percent salary of cap space. And with his fourth Norris Trophy win, he could've even entertained the prospects of a $8.8 million contract (20% of the cap for 2006-2007). Prior to the lockout, Lidstrom was pegged to make $10 million during the 2005-06 season, but the 24% rollback brought that number down to $7.6 million. This is a honorable move by Lidstrom, who by all reports was expected to get a raise to at least $8 million/season. That extra $400,000 in cap space will allow Holland more flexibility in signing remaining prospects and regulars. And it sets the bar for Shanahan to also sign for the "hometown discount" that Holland has been talking about lately. Frankly, I'm very surprised that Lidstrom signed for anything less than $8 million, as he had a great bargaining position with his career-high 80 point season and fourth Norris Trophy win. Holland, on the other hand, suffered another first round defeat and knew other teams would offer Lidstrom practically whatever he demanded. It shows Lidstrom's dedication to the team that has helped him win 3 Stanley Cups.

4 Comments:

At 6/30/2006 01:29:00 PM, Anonymous Anonymous said...

This is a good signing. I know lots of people were hoping Lidstrom would sign for $7 million or less. That would have obviously been nice but Lidstrom is worth the $7.6 million he will make. The only hole in his game is he isn't a real phsyical presence, however you can sign a rugged Dman and pair him with Lidstrom. Good move by Holland and Lidstrom to get the deal done. If Detroit was only to sign one of their UFA this is the one guy I would pick.

 
At 7/01/2006 05:24:00 PM, Blogger Matt Saler said...

I knew Nick wouldn't play hardball with the Wings, despite all the anxiety that he would. It wasn't realistic to hope he'd take $6 million or less but the Wings come out of this with a good deal.

Hopefully Holland will be able to use the extra money and attract some of the types of players the team needs.

 
At 7/01/2006 10:27:00 PM, Blogger The Yardstick said...

Hi, I noticed the Funny Cide book is listed in your profile...
He won today!!!!

 
At 7/06/2006 12:56:00 PM, Anonymous Anonymous said...

The King deserved $8.8m!

 

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