Tuesday, August 25, 2015

Flames Re-Up Giordano - Six Years, $40.5 Million

Credit: Ed Mulholland - USA Today Sports
The Calgary Flames took another big step towards cup contention today, re-signing captain and best player Mark Giordano to a 6-year deal worth $6.75 million a year. The deal includes a full no-trade clause in the first four years of the deal, and then a modified NTC in the final two (source).

Said deal has been widely praised by the Calgary community, with many calling it a "steal" and others referring to it as "a lid on Gaudreau and Monahan's contracts", with the reasoning that, while he's around, Giordano will always be the highest player on the team (we saw this when T.J. Brodie signed his new deal - he purposely took a salary just lower than Giordano's to keep that honour the captain's).

The new deal runs from the 2016-17 season to the 2021-22 season, when Giordano will be 38 years old, leading to some speculation that he will have slowed down or even retired by then. Giordano has widely been regarded as a "late bloomer" throughout his career, however, so don't expect him playing at least in the top-4 until his late 30's as not a possibility. His injury problems over the last few seasons have been discussed at length before, but if he manages to stay healthy going forward, expect great things out of the captain.

My favourite part of today: the Flames have their top three defensemen (Giordano, Brodie, and Dougie Hamilton) all signed for the next five years for $17 million. That's barely anything in today's world where the salary cap sits at around $70 million. Imagine where the cap will be in five years. $75 million? $80 million?

Get ready, Flames fans. It's gonna be fun these next few years!

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