Doug Wilson has again shown why his savvy in contract negotiations makes him an elite general manager.
As per team policy, the financial details of the extension have not been made public. However, CSN Bay Area's Brodie Brazil has reported that the contract is worth $2.75 million in 2012/13 and $3 million in 2013/14.
The current collective bargaining agreement expires after this season, so it is hard to see what the landscape of the league will be during his new deal. With the NFL successfully reducing the players' share of revenue in tough economic times and the NBA looking to do the same this offseason, it only seems logical that a league lagging significantly behind both in revenue will do the same.
Perhaps that explains why the contract is ridiculously low.
Under 24 hours ago, speculation that Couture could cost over $5 million this next offseason was barely questioned.
The entire series about the Sharks' payroll outlook beyond this season becoming bleak is now moot. Never has crow tasted so good.
With the 2010/11 Calder Trophy Finalist (and rightful winner, considering he was the only two-way stud on a playoff team) under contract for a bargain for the next two years, the Sharks now have room for one extra top-seven forward in those seasons. If the team chooses, it can keep everyone who plays 40-plus games this season and next.
With the future now secure, the Sharks now have the option of signing someone for the third line to a long-term contract, rather than looking for a one-year rental. Adding another player similar to Michal Handzus, both in contribution and expense, through 2014 would likely make the Sharks the odds-on favourite in the Western Conference in all three seasons.
That makes this a great day for anyone affiliated with the Sharks organization.