For the past few weeks, there have been rumblings that a Sidney Crosby contract extension was imminent. Word came down early Thursday via the Pittsburgh Penguins (h/t Pierre LeBrun, ESPN.com) that a deal had been made, and Crosby, the Penguins captain, would sign a 12-year deal worth $104.4 million.
One must wonder if the delay in the announcement was to allow the Pens to throw bags of cash into a Brinks truck and drive it up onto Crosby's lawn.
The contract will not kick in until the 2013-14 season, as Crosby still has one year remaining on his current deal. He will be paid $7.5 million for this coming season.
While some saw the deal as a forehead slapper, others will tell you that it was the right deal to make, and I am one of that group. This deal does make sense for Crosby, for the hockey team, for the fans and for the Penguins as a business. I will tell you why.
Oh, and without doing the math, any guesses as to what the annual salary cap hit is for Crosby's deal? No need to think too hard...it's $8.7 million.