It is Hockey’s first 9 digit contract.
WASHINGTON (AP) — Alexander the Great has a contract worthy of his nickname — the first $100 million deal in NHL history.
Alex Ovechkin signed a $124 million, 13-year contract extension Thursday with the Washington Capitals, a handsome reward for the charismatic Russian who has been a nonstop goal-scorer since coming to the NHL in 2005.
It’s not the longest deal in NHL history — Rick DiPietro signed for 15 years with the New York Islanders — and it doesn’t set the record for largest average salary, but it is the league’s first contract to guarantee nine digits of income.
Long-term contracts like this if guaranteed are highly risky. One injury and a team can be paying through the nose for someone unable to play again. Ovechkin is a great player, but if I was a GM, I wouldn’t like the gamble.
- Roberto Luongo signs 12-year extension with Vancouver Canucks
- Cowboys Re-Sign Newman to 6 Year, $50.2 Million Deal
- QB Matt Cassel signs six year deal with Kansas City
- Seahawks Might Lose Hutchinson UPDATED
- NFL’s Meaningless Contracts Good for the Game?
- NFL Labor Deal: What Does it Mean?
- Witten Signs Extension with Dallas
- Alabama gives Nick Saban a contract extension through 2017
- Utley agrees to seven-year, $85M extension
- Albert Haynesworth gets 7-yr, $100M deal from Washington Redskins
- Eight is Enough- Edmonton beats Chicago 8-4
- Lydia Ko wins New South Wales Open
- The Comeback I- Pittsburgh Penguins beat NY Islanders 5-0
- Seattle Mariners Outfielder Greg Halman stabbed to death at age 24
- Hee Young Park wins CME Titleholders Championship
- Oklahoma State Women’s Basketball Coach Kurt Budke dead at 50
- Costly mistake- Blackhawks waive Rostislav Olesz
- Manager Tony La Russa announces retirement
- Puck Drop- Florida Panthers start the 2011-12 NHL season
- 13-time PGA Tour winner Dave Hill dead at 74
Comments are Closed