Pittsburgh Penguins GM Ray Shero is shaping up to be somewhat of a loner among his NHL GM brethren.
With the National Hockey League's rejection of the record 17-year $102 million dollar contract reached between the Penguins' arch-division rival New Jersey Devils and star winger Ilya Kovalchuk, the merits (and now the legality) of long-term contracts have once again taken center stage with hockey pundits everywhere.
Of course, while Kovalchuk's since-rejected deal was a record contract in terms of length, it hasn't been the only such agreement designed by crafty GMs as a way around the confines of the salary cap recently.
Chicago Blackhaws and former Penguin winger Marion Hossa, Philadelphia Flyers defenseman Chris Pronger, Vancouver Canucks netminder Roberto Luongo, Detroit Red Wings winger Henrik Zetterberg and even Boston Bruins center Marc Savard are among the several players who have signed similar contracts in the last few seasons—deals which are long, but heavily front-loaded with immensely low (sometimes near the minimum) salaries in the later years of the deal, spreading out over the length of the contract the average of the total ...
Read Full Article at Bleacher Report - NHL
Article written by Mario Bordogna
Ray Shero, Penguins GM’s Cap Management Is Right on the Proverbial Money
July 22nd, 2010 by Mario Bordogna Leave a reply »
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