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Lecavalier Set to Sign Lifetime Extention

Jul 13, 2008 – 10:06 AM
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Jes Golbez

Jes Golbez %BloggerTitle%

Vincent LecavalierOnce upon a time, decade-long contracts were solely the realm of the weird and wacky New York Islanders. What owner, in their right mind, would commit themselves to a player for that length of time? Knowing the risks involved and the likelihood of the player's decline, such deals put a vast majority of the risk on the team, while giving the player a free ride and little incentive to perform.

Well, the new Tampa Bay Lightning ownership, who seem intent on winning the battle for most media coverage this off-season, are set to join "The 10 Club" with their new deal for Prince Vince Lecavalier.
The 28-year-old franchise centre signed an 11-year, $85-million contract extension with the Lightning that will kick in for the 2009-2010 season and run through the 2019-2020 campaign.

Lecavalier will earn $10-million per season in salary and bonuses for the first six seasons of the deal, before dropping to $8.5-million in 2016-2017, $4-million in 2017-2018, $1.5-million in 2018-2019 and $1-million and 2019-2020

The Bolts were originally said to be looking at a 9-year deal for about the same overall amount, but appear to have added two years to ensure that Lecavalier will serve out his dying days with the club.

So, is this smart or stupid? Will the Lightning rue having Lecavalier tied up when his game enters a deep decline, or be happy that he'll be locked down as salaries start to escalate?
Filed under: Sports