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[Report] Canucks re-sign Pettersson to 8 year contract @ $11.6M


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4 hours ago, -dlc- said:

All the crap garbage noise about he and Miller not being BFF's. If there's one thing this fanbase could really learn it's NOT to create or buy into drama.

 

I love that we have them both on board....it shows the room (particularly the core) IS buying in to this team and on the same page despite what the sh disturbers put out there.

 

They've battled through adversity together and that can really be team bonding. I see their (JT/Petey's) relationship like big/little brother stuff. JT likes to kid and Petey likely "gets" his sense of humour now and isn't intimidated by or worried about it.

Well said, Deb! 😊

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1 minute ago, Curmudgeon said:

 

Of course they will circle. That's what they do and how they get paid. No readers or listeners, no revenue. It's a funny relationship fans have with the media; the fans are harshly critical of the media, yet they rely on the media for news and views. Almost like complaining that someone repeatedly punched you in the face after you told them repeatedly to punch you in the face. 


They won’t be circling regarding Petey.

 

And this kind of media is relatively new. It’s sensationalism meant to get people to click.

 

There was a day believe it or not where the media just reported the facts. Those days seem to be long gone however.

 

But it is important to hold media to account especially when obvious BS is exposed.

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29 minutes ago, KesLord said:

Can anyone confirm that we signed the correct Elias Pettersson to this contract?

If we just gave this money to the Defensemen Elias Pettersson, then Alvin has made a massive mistake.

Even if this contract is for def. Elias this could be a big win. With players and agents getting greedier and greedier who knows what the demand would be a few years down the road. As the cap rises it could be a huge bargain.

kidding of course. 

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This is great news! And a good signing for the Canucks as it is under market value for Petey, he left some money on the table. Roughly $400k-$1m per year.

 

Everyone comparing him to Mackinnon and his $12.6m a year are doing it wrong. You can't compare cap hit, you have to compare cap % on when the deal was signed.

 

Mackinnon signed his deal in Sept 2022, the cap was $82.5m, when he signed he signed at a cap hit % of 15.3%. When his new contract kicked in(this year) the cap is at 83.5m, for a cap hit of 15.09%. This was signed during the dead cap era, and no raises in cap could be estimated and was not expected to raise significantly, if at all.

 

Petey signed to day for 11.6m with the cap at 83.5m for a current cap % of 13.89%. The cap is expected to rise to around 87.7m next year, and this is when Petey's cap hit comes into play, putting his cap % at 13.22% if the cap raises to the estimated value. I am sure this contract was taking into account the cap is expected to raise significantly starting next year.

 

If Mac signed his contract, at his cap hit of 15.3% today, taking into account the raising cap, then he would have gotten roughly $13.4m, so nearly $2m more than what Petey got.

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4 minutes ago, Joe King said:

With players and agents getting greedier and greedier

Players are entitled to 50% of the revenue. 

Owners set the ticket and tv/radio rights fees- so it seems it is the owners that are getting greedier, and the players are just taking their negotiated slice of the bigger pie.

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7 minutes ago, greenbean30 said:

This is great news! And a good signing for the Canucks as it is under market value for Petey, he left some money on the table. Roughly $400k-$1m per year.

 

Everyone comparing him to Mackinnon and his $12.6m a year are doing it wrong. You can't compare cap hit, you have to compare cap % on when the deal was signed.

 

Mackinnon signed his deal in Sept 2022, the cap was $82.5m, when he signed he signed at a cap hit % of 15.3%. When his new contract kicked in(this year) the cap is at 83.5m, for a cap hit of 15.09%. This was signed during the dead cap era, and no raises in cap could be estimated and was not expected to raise significantly, if at all.

 

Petey signed to day for 11.6m with the cap at 83.5m for a current cap % of 13.89%. The cap is expected to rise to around 87.7m next year, and this is when Petey's cap hit comes into play, putting his cap % at 13.22% if the cap raises to the estimated value. I am sure this contract was taking into account the cap is expected to raise significantly starting next year.

 

If Mac signed his contract, at his cap hit of 15.3% today, taking into account the raising cap, then he would have gotten roughly $13.4m, so nearly $2m more than what Petey got.

Youre talking about a difference in 6% rise in cap between 2022 and next year. For Mak this would be an increase. of 756k also you're assuming that cap increases were not factored into Maks negotiations like the cap was just going to stay flat forever?

Edited by Hammertime
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9 minutes ago, higgyfan said:

 

Well, that news originated from Petey himself, so it isn't really fake news.  I find all the claims

that selfish Petey is holding out for $12.5m-$13m 'cause they heard it somewhere as well as

the 'factual' rumours that EP didn't want to be in Vancouver.  So many examples of fake news

in the old EP contract thread.

 

 

 

It's always about starting cap percentage.   It's listed in Capfriendly under the current cap hit, so 13.89%.   That's under 14%, which has been historically, reserved for superstars.    It won't age poorly unless he's not scoring 100 plus a year.    We can wait and see.   It's close, but it's also based on the year the player signs.    If he signed after the cap goes up 5% (reported it will) or in the summer, it would look a little better.   This  is on the higher end of the threshold but it's not terrible.   

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10 minutes ago, WHL rocks said:

The size of BALLS on JR is unbelievable. 

 

To go to you're 25 year old star player and face of the franchise and say we have a possible trade involving you with Carolina. 

 

We know you have publicly stated that there will be no negotiations until the summer. And we realise you've told your agents not to negotiate anything this year..  

 

But... we need you to negotiate and get a deal done or we're trading you....

 

WoW !!!

 

JR woke up and chose violence..  

He knew Pettersson wouldn't want to get traded especially right now playing on a top tier team.. 

 

Hit Pettersson with a ton of brics and got him to fold like a cheap tent.. slapped the ego right out of his mouth...

 

Well done JR. 👏🏻 

 

 

 

You have no idea if that is true or not.

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7 minutes ago, The Arrogant Worms said:

At the end of the day, the wheels on Elias Pettersson’s contract extension didn’t get moving this week: they really got moving a month ago, at All-Star weekend in Toronto.

 

After months of on and off quiet conversations between Pettersson’s agents Pat Brisson, J.P. Barry and Johan Altberg and Vancouver Canucks general manager Patrik Allvin, it was a conversation between Pettersson and Brisson at the beginning of February that mattered most.

 

  • At that meeting, they agreed to set the last week of February as a target, a week ahead of the NHL trade deadline, to open the door to finalizing a contract, Brisson told Postmedia on Saturday, just an hour after his client put pen to paper on an eight-year, US$92.8 million deal, the richest in Canucks history.

 

“Why don’t put we put this thing to bed. We do this you’re going to help Jim and Patrik prepare for this trade deadline,” Brisson advised Pettersson.

 

 

The plan to that point had been to wait till after the season to sign an extension. It wasn’t so much a bargaining position on Pettersson’s part, his agent said, rather just how he wanted to proceed.

 

He never wanted to be anywhere but Vancouver.

 

“In the past four months, there were two things,” Brisson said. “All along Petey wanted to be a Canuck and two, in talking to Jimmy and Patrik they really wanted to have an idea of what their cap was going to look like,” he said.

 

And in the end, giving his bosses clarity ahead of the trade deadline of what they were going to have to work with hit home with Pettersson. He’s been very impressed with the work Allvin and president of hockey operations Jim Rutherford have done in the two years they’ve been in charge.

 

https://canoe.com/sports/hockey/nhl/vancouver-canucks/canucks-elias-pettersson-agrees-to-eight-year-92-8m-contract-extension/wcm/8b684ab5-ebe6-499d-97c0-f42eaac1b955


Hope this is true.

 

Much better than the narrative that they threatened a trade if he didn’t sign.

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Posted (edited)

This motherfucking idiot. I would’ve much rather have had Petey for 8 years at $9M if he signed a long term contract back in 2021. Is this guy stupid? Petey would be in YEAR 4 of a 8 year contract btw.

 

Imagine doubling down on that stupid ass decision to give Petey a bridge contract when he was interested in a long term contract just so you could sign Poolman and trade for OEL. And this would be after letting Tanev, Toffoli and Markstrom ALL walk in which managements excuse was they ran out of time.

 

This is exactly why we’ve been dogshit for a decade. Incompetence after incompetence. 

Edited by Odd.
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12 minutes ago, WHL rocks said:

The size of BALLS on JR is unbelievable. 

 

To go to you're 25 year old star player and face of the franchise and say we have a possible trade involving you with Carolina. 

 

We know you have publicly stated that there will be no negotiations until the summer. And we realise you've told your agents not to negotiate anything this year..  

 

But... we need you to negotiate and get a deal done or we're trading you....

 

WoW !!!

 

JR woke up and chose violence..  

He knew Pettersson wouldn't want to get traded especially right now playing on a top tier team.. 

 

Hit Pettersson with a ton of brics and got him to fold like a cheap tent.. slapped the ego right out of his mouth...

 

Well done JR. 👏🏻 

 

 

 

is that exactly what JR said? It's probably a little more nuanced than that, or else if it's said exactly the way you've described it, then there could be damage to that relationship with Petey, no? 

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Just now, N4ZZY said:

is that exactly what JR said? It's probably a little more nuanced than that, or else if it's said exactly the way you've described it, then there could be damage to that relationship with Petey, no? 

Ofcourse it was much more nuanced. Like any business negotiation the language is a lot softer. I'm sure they said going into tdl we need clarity on our cap for next year.. I'm sure they were as nice as they possibly could be...

 

But EP and his team knew exactly what JR was saying.  

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36 minutes ago, kilgore said:

 

I'm not assuming anything.  You admit you were 'restless' by Pettersson's play.  I was not, that's all. You assumed all fans were as paranoid as yourself. They weren't.  I do think the media shitshow affected his play though.  If media had lived up to their bargain, and shut their collective mouths, would Petey even had a regression?, if you can call it that

I doubt it.  But I also concede that asking some of the floozies in the sports media to not be dickheads and piss in the punchbowl is probably a near impossible request.

Well it wasn't media that resulted in the canucks and Canes to start engaging in trade talks. It was due to Petterssons uncertain future.... which came from his choice not to want to come to the table for negotiations.

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18 minutes ago, greenbean30 said:

This is great news! And a good signing for the Canucks as it is under market value for Petey, he left some money on the table. Roughly $400k-$1m per year.

 

Everyone comparing him to Mackinnon and his $12.6m a year are doing it wrong. You can't compare cap hit, you have to compare cap % on when the deal was signed.

 

Mackinnon signed his deal in Sept 2022, the cap was $82.5m, when he signed he signed at a cap hit % of 15.3%. When his new contract kicked in(this year) the cap is at 83.5m, for a cap hit of 15.09%. This was signed during the dead cap era, and no raises in cap could be estimated and was not expected to raise significantly, if at all.

 

Petey signed to day for 11.6m with the cap at 83.5m for a current cap % of 13.89%. The cap is expected to rise to around 87.7m next year, and this is when Petey's cap hit comes into play, putting his cap % at 13.22% if the cap raises to the estimated value. I am sure this contract was taking into account the cap is expected to raise significantly starting next year.

 

If Mac signed his contract, at his cap hit of 15.3% today, taking into account the raising cap, then he would have gotten roughly $13.4m, so nearly $2m more than what Petey got.

Thanks, saved me from having to show the math 😄

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Edited by RU SERIOUS
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Wonder if JR and co are trying to flush out the mole right now.

 

Seems like Seravalli has an inside man or woman in the organization.

 

How did he break this without any other “insider” catching wind? He knew details about Miks injury last season too.

 

 

 

 

Edited by DeNiro
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6 minutes ago, The Arrogant Worms said:

You have no idea if that is true or not.

It's pretty apparent.

 

With the way things unfolded im pretty confident that we have a pretty clear picture. ...

 

From Petterssons own words of no negotiations this year and then the reports of the CAR trade talk to starting negotiations to getting a deal done all within 4 or 5 days.. 

 

Pretty sure all the reports not only in local media but national media weren't invented by reporters for clicks..

 

If there was no truth to it the Canucks from ownership to JR down to the coaches would be irate and all over the media letting their feelings be known...

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