Islanders Resign Goalie For 15 Years; Work To Begin On Extending Coach's Contract Through The Century
If any other franchise was involved, I would be convinced that this is a joke, but after the summer that has been on Long Island, I'll pass it along as news.
TSN is reporting that the New York Islanders have signed goaltender Rick DiPietro to a 15-year deal.
The contract, which will run until DiPietro is about 40 - long after most goalies have called it quits, or ceased being useful - will pay the netminer $67.5 million, which works out to an average of $4.5 million per year.
It would be easy to call owner Charles Wang crazy for agreeing to this deal, since he probably is. Think about it for a second; if you have a baby right now, that child will be old enough to drive (give or take a few months) by the time that DiPietro's contract runs out. He's 25 right now, and so far his greatest claim to NHL fame is being the first goalie to be selected first overall in the modern NHL draft. This isn't Sidney Crosby we're talking about; it's a (maybe) slightly above average netminer.
On the other hand, assuming that DiPietro becomes an above average netminer, he'll be signed for $4.5 million annually for the next 10 years or so, which figure to be his best playing years. That will be a bargain for a starting goalie for most of that time. The cap figure becomes dead money in the last five years of the deal, but with inflation, and the cap going up, it could be an insignificant part of the Islanders' financial picture by then. So maybe Wang knows what he's doing...
Oh, who am I kidding? This team is a mess, and it might be time to start talking about having the league step in.
The only thing separating the Islanders from the New York Knicks right now is the Long Island Expressway.