Flyers general manager Paul Holmgren continued to take care of business with off-the-ice matters on Saturday when he announced that Jeff Carter agreed to terms to an 11-year, $58 million contract extension.
Given his new deal, Carter will be 36 years old next time he's eligible to hit the free-agent market.
The contract is a very reasonable deal for both sides, as Carter will make his money at a reasonable cap hit of $5.27 million for the Flyers.
It breaks down to: $6 million in 2011-12, $6.25 million in 2012-13, $6.5 million in 2013-14, $6.75 million in 2014-15, $7 million in 2015-16 and 2016-17, $6.5 million in 2017-18, $5 million in 2018-19, $3 million in 2019-20 and $2 million in 2020-21 and 2021-22.
Carter has a full no-trade clause beginning in the 2012-13 season and running through 2014-15, and a modified NTC from 2015-16 through 2021-22.
Because of the Ilya Kovalchuk debacle that took place over the summer with the New Jersey Devils, from this point forward any long-term contract is more likely to spark discussion of cap circumvention.
For those unaware of what took place in New Jersey, let me catch you ...
Read Full Article at Bleacher Report - NHL
Article written by Tom Dougherty
Jeff Carter’s Extension: A Perfect Example of a Clean, Long-Term Contract
November 14th, 2010 by Tom Dougherty Leave a reply »
Advertisement