Confirmed with Link: Canucks re-sign F Elias Pettersson to 3-Year Deal ($7.35M AAV)

[Mr. Canucklehead]

Figured these could use their own threads now as the deals will be structured differently.

Click to read more...

 

[Peen]

can we put them into one thread honestly

also continuing

Should've gone 8 years for EP, I would've gone bridge with Hughes

He wouldn’t have taken term. EP was clearly trying to set himself up to hit free agency or at least have the leverage to do so and he did that.

His agents won big here. They got the slight overpayments on AAV (marginal) but they got him huge leverage depending on that QO.

 

[MikeK]

AT that AAV I'd rather a cpl more years. But I guess these bridge deals are for a reason.

 

[canuckking1]

@Peen

Thread is locked but QO rules have changed. It can only be 120% of AAV so shouldn’t be more than 8.25-8.5

 

[Mr. Canucklehead]

AT that AAV I'd rather a cpl more years. But I guess these bridge deals are for a reason.

The longer the term, the higher the AAV. I’m OK with a bridge - surprised it took this long if the hit is under $8m. Seems like a no brainer.

 

[Get North]

I’m just glad it got done. The team success in these next 3 years is the most important factor in determining Petey’s value for the next contract.

 

[Peen]

@Peen

Thread is locked but QO rules have changed. It can only be 120% of AAV so shouldn’t be more than 8.25-8.5

Oh, interesting, wasn’t aware. I mean, the leverage still remains.

My way of interpreting this deal is it’s basically a four year deal at $8.5MM with a fourth year player option. But, he’ll either be signed or dealt during the summer after the third year because you don’t lose a player like that for free.

edited based on 4twenty's post

 

[4Twenty]

@Peen

Thread is locked but QO rules have changed. It can only be 120% of AAV so shouldn’t be more than 8.25-8.5

Bad math bro. It’s $9.3m. It’s essentially a 4 year $32m deal and Pettersson is ufa at the earliest possible year.

 

[Peen]

Bad math bro. It’s $9.3m. It’s essentially a 4 year $32m deal and Pettersson is ufa at the earliest possible year.

is it 120% max and can be negotiated within 100-120% or 120% automatically?

 

[MikeK]

The longer the term, the higher the AAV. I’m OK with a bridge - surprised it took this long if the hit is under $8m. Seems like a no brainer.

Glad it's over as well. I can't help but wonder why this deal took so long. This doesn't seem like the type of contract that should have taken so long.

 

[Luck 6]

Hopefully Pettersson has a low QO and the deal is front loaded… If he wants to buy his UFA status it’ll be on a cheap 1 year deal risking injury.

 

[SeawaterOnIce]

Glad it's over as well. I can't help but wonder why this deal took so long. This doesn't seem like the type of contract that should have taken so long.

Jim Benning.

 

[canuckking1]

Bad math bro. It’s $9.3m. It’s essentially a 4 year $32m deal and Pettersson is ufa at the earliest possible year.

My mistake was never good at math

Seems like a 2 year deal was the better option

 

[racerjoe]

I don’t mind this deal depending on what you guys are just talking about being the last year. Seems to be in line with what he should be getting.

 

[Blue and Green]

is it 120% max and can be negotiated within 100-120% or 120% automatically?

Whatever the base salary is in the final year, that's the QO, subject to the 120% maximum.

 

[Nucker101]

Hard to blame EP here, mans either doesn't trust this franchise and/or wants to bet on himself

 

[Mr. Canucklehead]

Jim Benning.

Might be an unpopular opinion, but I don’t see this one as Jim’s fault. Pettersson and Hughes enlisted one of the top agencies in the game to get maximum dollar, and one of their tactics was to sit and wait out the other key RFA signings to try and set a market.
IMO, the Canucks would have eagerly signed both these deals a good while ago.

Just my read on it.

 

[xtra]

I think this maybe an show me deal from petersson side.

build me a winner or I’m going

 

[RussianRacket]

Benning did great on both the contracts for today. GO CANUCKS!

 

[VasilyHoglander]

I think this maybe an show me deal from petersson side.

build me a winner or I’m going

Huh? He’s still RFA after this contract ends…

 

[rypper]

I would prefer term with Pettersson but it takes two to tango. But anything under 8 for Pettersson is amazing.

 

[Nucker101]

Huh? He’s still RFA after this contract ends…

He can just accept his one year qualifying offer that takes him straight to ufa

 

[Mr. Canucklehead]

I think this maybe an show me deal from petersson side.

build me a winner or I’m going

I see it as a banking on himself deal. Flat cap environment means a long term deal now might cost him millions vs. A long term deal a few years from now.

 

[SillyRabbit]

I really feel like Pettersson will emerge as a top 20 player in the world during the next three years so we could end up paying out the nose for him after this deal.

I wonder if we could've got something done around 9 million for 7 years if Pettersson had more faith in the management group.

I doubt we will ever be able to buy this low on him again.

 

[canuckking1]

Looks like Canucks didn’t wanna give him that 3rd year. Guess they caved as it got closer to the season