Sportsnet.ca is reporting that the Tampa Bay Lightning have reached terms with Ryan Malone and Gary Roberts, and an official announcement could come as early as Monday.
Sportsnet reports that Malone will sign a seven year deal that will pay him just over $31 million, or about $4.4 million per year.
Gary Roberts has reportedly agreed to sign a one year contract that could pay between $1.5 and $2 million.
Once Malone officially signs with the Bolts, the Penguins will receive a third-round draft pick. If for some reason Malone would change his mind at the last minute, the Penguins would receive a fourth-round pick.
The Lightning have also signed hockey scout Greg Malone, who just happens to be the father of the winger they are actively pursuing.
The elder Malone spent some time as a player for the Penguins during his NHL career. After retiring from playing the game, he became an NHL scout.
Ryan Malone was born and raised in Pittsburgh, and it surely won't be an easy transition from the Steel City to South Beach. But once he cashes his first paycheck, Primanti's sandwiches and IC Lights will have become a thing of his past.
16 comments Last one added about 1 year ago — Leave a Comment
chris ladd about 1 year ago
south beach is in miami
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Matt Gilmartin about 1 year ago
All these free agent signings in Tampa have this Hurricanes fan uneasy.
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Kristin T about 1 year ago
Tampa acquires rights to Rolston too. They are going all out
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Ryan about 1 year ago
They're going to end up in the position they just got out of..
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Alan Bass about 1 year ago
that sucks for the pens that they needed to get rid of these two guys, but theyll get through it and probably return to the finals
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Nino Colla about 1 year ago
Oh well..
Pens need to sign Hossa in the worst way now.
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Spencer Callaghan about 1 year ago
The Pens giving up on Malone was a mistake.
They should have targeted Malone ahead of Hossa.
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Chris Bouthillier about 1 year ago
Tampa Bay 2008 = Philadelphia 2007
Apparently Malone's getting in between 7 and 8 mill for his first two seasons, so his salary doesn't get in the way of signing Stamkos to a huge deal down the road.
But for him to be one of the highest paid players next year is mind boggling.
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Spencer Callaghan about 1 year ago
Front loaded contracts make no difference on how much money a team has to spend on other players as the cap hit is always the average salary over the length of the deal.
Also Stamkos is on the rookie salary cap for his first 3 years anyway.
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Chris Bouthillier about 1 year ago
Go to www.nhlnumbers.com
It's not an average salary, it's how much he makes a season.
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Spencer Callaghan about 1 year ago
Not it's average salary, trust me.
Go to NHL Numbers yourself and see what has been inputted for Malone's salary, $4.5 mil per.
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Spencer Callaghan about 1 year ago
NHL-NHLPA CBA AGREEMENT 2005
Article 50.5, d, ii:
"Averaged Amount." For any mult i-year SPC, for purposes of
calculat ing the Club's Averaged Club Salary in any League Year,
the Averaged Amount of such SPC shall be used. That is, the
Player Salary and Bonuses for all League Years shall be
"averaged" over the length of the ent ire term of the SPC, using the
stated amount, by dividing the aggregate stated amount of all
Player Salary and Bonuses to be paid during the term of the SPC
by the number of League Years in the SPC (see Illustrations #1 and
#2 below).
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Chris Bouthillier about 1 year ago
Good point, my bad man
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Chris Bouthillier about 1 year ago
They didn't post the Malone contract when I checked so I just looked around the board, and couldn't help but notice Jussi Jokinen's yearly value was different in between years. Once again, my apologies. I guess this move benefits Tampa pretty well. They mean business, especially if they can get Rolston now.
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Spencer Callaghan about 1 year ago
Ya NHL Numbers posts both the yearly value and the average hit for cap purposes.
For example, next season Dany Heatley is making $10 million but his cap hit is still $7.5 mil.
Front end loading still benefits both the team and the player though, just not for cap purposes.
The team benefits in case they ever need to buyout the contract, the buyout is calculated on the years remaining on the deal so the team can save a bit in that situation.
The team also benefits if they ever want to trade the player later in his contract the receiving team has to absorbe less of the contract (thought the cap hit remains the same).
The player benefits by being able to take the up front money in a front end loaded deal and invest it, which offsets the issue of inflation which makes the early money actually worth more than the later money.
That is why you are seeing a lot of these heavily front end loaded deals, with the right investment advice the players can set themselves up for any eventuality which gives them far more security in case of injury, buyout, work stoppages, etc.
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Chris Bouthillier about 1 year ago
Ahh, gotcha. Thanks man, appreciate it. Makes sense now haha.
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