All-Blogs.net directory Light the Lamp - a Columbus Blue Jackets blog: Captain Cash!

Countdown to Rick Nash's contract expiration:

Friday, July 3, 2009

Captain Cash!


In case you haven't heard yet the Dispatch is reporting the following:

The Blue Jackets have signed captain Rick Nash to an eight-year, $62.4 million contract extension, The Dispatch has learned. That's an annual cap hit of $7.8 million.

The deal will keep Nash under contract with the Blue Jackets through the 2017-18 season.


I would assume that deal is front loaded but we'll have to wait until we see the year by year breakdown. I would also assume there is a no movement clause.

Update: Puck-rakers has provided new details on the contract:

Nash will make $7 million in 2009-10, the final year of his current contract. He'll make $7.5 million in 2010-11, and the contract goes up slightly each season before Nash makes $8.2 million in 2017-18.

In other words:

2010-2011 - $7.5M
2011-2012 - $7.6M
2012-2013 - $7.7M
2013-2014 - $7.8M
2014-2015 - $7.9M
2015-2016 - $8.0M
2016-2017 - $8.1M
2017-2018 - $8.2M


The deal includes a no-movement clause in the first five seasons, and a modified no-trade clause in the final three.

Initial reaction:

* Thank gawd we can put that behind us!!

* Congrats to Rick Nash and Scott Howson for hunkering down and getting this done. There was no need for anymore public dirty laundy.

* Thrilled to have Nash in the fold for the next 8 seasons where he belongs.

* Average cap hit of 7.8 is about right. Looks like both sides compromised and Nash left a little cash on the table to help Howson and the franchise keep their other young studs in the fold for the foreseeable future.

* I thought they would wait until Monday to announce the deal to maximize the media expsure. Announcing now though stops dead in its tracks the speculation from loud mouth fans like me and the Toronto media megaforce. On second thought, it makes perfect sense to announce it immediately!

* I only want to see Nash's "dark side" again if it has to do with the Detroit Red Wings combined with the 'f-bomb'.

* I think I'm gonna celebrate by drinking about 8 beers tonight... one for each year of the deal.

* Vermette your next... then Klesla!

* That's 3 of 4 offseason priorities with a big fat CHECK in the to-do box for Howson & Co.

* Next up.. trade for d-man.

* Now what MacLean?

* Eat it Toronto!

It's time to set sail Captain Columbus.

Go Jackets!!

-LTL

8 comments:

LTL said...

Now this was a funny comment from a poster on HF:

"I felt a great disturbance in the Force, as if millions of voices suddenly cried out in terror and were suddenly silenced."

Classic.

-LTL

RG said...

LTL,
Did you drink eight beers yet?

LTL said...

Honestly.. only got through a 6 pack... but its a long weekend.. I'll more than makeup for it!

-LTL

Mase1 said...

OK, Duufy Mac, now...SHUT THE #ELL UP, GO AWAY (that ol' rock from which you crawled under) and D-I-I-I-I-E!!!!

Temujin said...

Egads, methinks you may be hamstringed cap-wise in the not-too-distant future.

But what else do you do for the team leader?

anml034 said...

Temu,

No cap worries here. Nash only increased his cap hit by about a mil or so. Plenty of room for the rest of the gang to get there money and fill in with some lower priced third and fourth liners.

Stephen said...

The should only go up the next couple years. Nash's signing helps with the stability of the organization.

I think its a very fair contract for both sides. Nash might have gotten more next year, but he was true to his word on his desire to play for the CBJ.

I am one who hopes we have tough decisions with our FA's the next three years. That means we hvae good players, who have been successful.

Congrats Rick, and Scott. Job well done!

snappy said...

Great to have Nash in the fold for another 9 years. You have got to love this guy. He said he loved Columbus and the Blue Jackets and he backed this up by requesting another year to his contract to help with the cap hit. This will help Howson sign some of young upcoming stars in the future. Captain Columbus really showed that he is THE team captain and leader on that deal. So good to have a guy like Nash on our team!!