NHL not looking into Vincent Lecavalier’s 11-year contract with Tampa Bay
While many players with egregiously long contracts get nervous about whether or not the NHL will come calling to see if their contract will get looked at a little closer, Vincent Lecavalier of the Tampa Bay Lightning doesn’t have to worry about anything. Damian Cristodero of the St. Petersburg Times gets the information that Lecavalier’s 11-year $85 million deal with the Lightning is A-OK according to the NHL.
Some have wondered if Vinny Lecavalier’s 11-year, $85 million contract extension should be scrutinized as well. But NHL deputy commissioner Bill Daly wrote in an e-mail Tuesday that the league has “no issue with (Lecavalier’s) contract.”
Lecavalier’s deal also is front-loaded, but the reduction in salary is not nearly as dramatic and for not nearly as long. Lecavalier, whose cap hit is $7.727 million, makes $10 million the first seven years, $8.5 million in the eighth, $4 million in the ninth, $1.5 million in the 10th and $1 million in the 11th. If he plays out the contract, he will be 39 years old when the 2019-2020 regular-season ends. Kovalchuk would be 44 if he played to the end of his deal. Not that it can’t happen, but the arbitrator noted that only six of 3,400 players during the past 20 years have played to 42.
In other words, Lecavalier’s deal, while reducing the cap hit, does not go to extremes. Lecavalier also has played one year under the deal, which means it would be more difficult for the league to revisit the circumstances. That is the problem the NHL may run into with Hossa’s 12-year, $62.8 million deal that kicked in last season, pays $7.9 million annually the first seven years, has a cap hit of $5.23 million and pays $3.5 million total the last four years.