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Vegas Golden Knights signed Max Pacioretty (4 Years / $7,000,000 AAV)

Was this a good signing?
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Sep 10 at 2:56 PM
#1
Max Pacioretty has signed a new contract with the Vegas Golden Knights.
STANDARD CONTRACT
COMPARE THIS CONTRACT
LENGTH: 4 YEARS
EXPIRY STATUS: UFA
SIGNING TEAM: Vegas Golden Knights
VALUE: $28,000,000
C.H.% : 8.81
SIGNING DATE: September 10, 2018
SEASONCLAUSECAP HIT AAV P. BONUSES S. BONUSES BASE SALARY TOTAL SALARY MINORS SALARY
2019-20Modified NTC$7,000,000$7,000,000$0$0$10,500,000$10,500,000$10,500,000
2020-21Modified NTC$7,000,000$7,000,000$0$0$7,000,000$7,000,000$7,000,000
2021-22Modified NTC$7,000,000$7,000,000$0$0$5,250,000$5,250,000$5,250,000
2022-23Modified NTC$7,000,000$7,000,000$0$0$5,250,000$5,250,000$5,250,000
TOTAL$28,000,000$28,000,000$0$0$28,000,000$28,000,000$28,000,000
CLAUSE DETAILS: Player submits a 10 team no trade list.
CLAUSE SOURCE: CapFriendly
Sep 10 at 2:57 PM
#2
Ragsandboltsfan
Joined: Nov 2017
Posts: 3,631
Likes: 463
FIRST, also good deal for a two way top 6 F that is a perennial 30G scorer and for a team looking to contend and show they're not a fluke
Bryzgalovs_bears liked this.
Sep 10 at 2:57 PM
#3
V3 Arizona AGM
Joined: Jun 2017
Posts: 1,990
Likes: 396
Great deal for the Golden Knights. Pacioretty would have gotten a lot more term on the open market.
Sep 10 at 3:01 PM
#4
Oui non grille-pain
Joined: Feb 2017
Posts: 5,192
Likes: 913
Great, especially given his age. He'll be paid until he's 34 and then can close out his career with one more contract.
Sep 10 at 3:01 PM
#5
Oui non grille-pain
Joined: Feb 2017
Posts: 5,192
Likes: 913
Great, especially given his age. He'll be paid until he's 34 and then can close out his career with one more contract.
Bryzgalovs_bears liked this.
Sep 10 at 3:06 PM
#6
Joined: Mar 2018
Posts: 43
Likes: 17
So Pacioretty declined 6x6M contract with the Kings to later sign a 4years deal with Vegas. Interesting
Good contract for Vegas
Sep 10 at 3:13 PM
#7
Molson beer is meh
Joined: Jan 2017
Posts: 1,728
Likes: 484
Quoting: Karimizo
So Pacioretty declined 6x6M contract with the Kings to later sign a 4years deal with Vegas. Interesting
Good contract for Vegas


LA is in one of the highest taxed states, Vegas is in a tax free state I believe.

So in that LA deal Patches would of probably seen a far less $$$, where in Vegas he gets all of it.

I’m still very surprised about the term. 4 years is actually pretty great for Vegas!!
Karimizo liked this.
Sep 10 at 3:17 PM
#8
Habs/Pens fan
Joined: Oct 2017
Posts: 539
Likes: 112
I was thinking 7.5 million for 5 years for him but this is good value.
Sep 10 at 3:18 PM
#9
Caps GM v3
Joined: Nov 2016
Posts: 7,235
Likes: 1,785
They get him for the rest of his prime years. Great extension by Vegas.
Sep 10 at 3:27 PM
#10
skates21
Joined: Oct 2016
Posts: 45
Likes: 20
Quoting: krakowitz
They get him for the rest of his prime years. Great extension by Vegas.


NHL Prime years are typically 26-28 range. He's in the decline years for the majority.
Sep 10 at 3:27 PM
#11
skates21
Joined: Oct 2016
Posts: 45
Likes: 20
Quoting: SKATES21
NHL Prime years are typically 26-28 range. He's in the decline years for the majority.


Not to say its a bad deal. Given what NHL GMs fork out, its a pretty friendly deal for the Knights.
CD282 liked this.
Sep 10 at 3:28 PM
#12
Lavsim
Joined: Jan 2018
Posts: 619
Likes: 136
Excellent signing for Vegas, got Paccio in his prime at not too high of a price.
Sep 10 at 3:37 PM
#13
Joined: Feb 2017
Posts: 121
Likes: 14
so He is technically a $7.5 mil per year player for the first two seasons, (they are eating $500,000 from Tatar deal). can you imagine what Seguin is going to get now.
ConnorMcHellebucyk liked this.
Sep 10 at 3:58 PM
#14
Joined: May 2016
Posts: 3,072
Likes: 719
Its deals like this that make me appreciate Don Sweeney signing Both Pastrnak and Marchand for such team friendly deals.
Sep 10 at 4:46 PM
#15
GM in the Making
Joined: Jun 2018
Posts: 1,584
Likes: 213
It's a good deal. Players play well till they are in their early 30s. They get out the deal when he's 34. That's pretty much where you want to be. If he's settled by then and he can still play they can year to year him.
Very good work for both parties.
CD282 liked this.
Sep 10 at 4:58 PM
#16
Joined: May 2018
Posts: 796
Likes: 94
If he took 1M less he would have a longer and better term with the Kings. Not to mention the caliber of player he'd be around. His loss, I honestly believe Vegas won't make the playoffs next year, they had help the whole way to their Cup final...
Sep 10 at 5:33 PM
#17
Joined: May 2016
Posts: 3,072
Likes: 719
Quoting: Bf3351
If he took 1M less he would have a longer and better term with the Kings. Not to mention the caliber of player he'd be around. His loss, I honestly believe Vegas won't make the playoffs next year, they had help the whole way to their Cup final...


It would be a lot more than $1 million less after taxes.

CA - 13.3% income tax
NV - 0% income tax

So $6 million in CA is around $5.2 after tax. In NV it's still $7 million. That's nearly a $2 million difference.
Bryzgalovs_bears and Bf3351 liked this.
Sep 10 at 5:47 PM
#18
NateElder12
Joined: Apr 2016
Posts: 5,581
Likes: 731
Quoting: SKATES21
NHL Prime years are typically 26-28 range. He's in the decline years for the majority.


typically but the aging curves are made based off of WAR/GAR regression though. If he's a positive player, like he is, replacement level takes longer to reach.
Sep 10 at 5:49 PM
#19
Joined: Dec 2017
Posts: 297
Likes: 92
GREAT TERM!

Only 4 years is ideal for VGK. The AAV is totally manageable, but they don't need to worry about him flaming out while in his late 30's like so many other teams have to contend with. Look at CGY and James Neal-was 5 years at only $1.25M less and he's 3 years older than Pacioretty. JVR got same cap hit, but he got 5 years instead of 4. JVR is coming off a career year and he's widely considered to be a one dimensional Power Play specialist. Give George McPhee another sold 'A' for this move. He also dumped Tatar's heavy $5M AAV, which incidentally, was his only questionable acquisition of his 1st year in Vegas.
CD282 liked this.
Sep 10 at 5:50 PM
#20
NateElder12
Joined: Apr 2016
Posts: 5,581
Likes: 731
Quoting: Ducksfan93
so He is technically a $7.5 mil per year player for the first two seasons, (they are eating $500,000 from Tatar deal). can you imagine what Seguin is going to get now.


deal probably doesn't move the needle for Seguin much if at all honestly. He's in a different category of player. Probably sets a market price for guys like Skinner or Eberle and maybe slightly for Simmonds. Panarin/Seguin would be a tier above.
Sep 10 at 5:53 PM
#21
Joined: Dec 2017
Posts: 297
Likes: 92
Quoting: EthanK24
Great deal for the Golden Knights. Pacioretty would have gotten a lot more term on the open market.


Maybe he'd have gotten an extra year or two in term, but the cap hit of $7M seems just about maxed out. Don't forget, he's coming off a terrible season. JVR got $7M AAV and he's coming off a 36G season.
Sep 10 at 6:22 PM
#22
Joined: Mar 2017
Posts: 2,431
Likes: 349
Quoting: Blazingbat11
LA is in one of the highest taxed states, Vegas is in a tax free state I believe.

So in that LA deal Patches would of probably seen a far less $$$, where in Vegas he gets all of it.

I’m still very surprised about the term. 4 years is actually pretty great for Vegas!!


He still has to pay federal income tax, it's not like he's netting $7 mil.
Sep 10 at 6:25 PM
#23
Joined: Mar 2017
Posts: 2,431
Likes: 349
Quoting: ON3M4N
It would be a lot more than $1 million less after taxes.

CA - 13.3% income tax
NV - 0% income tax

So $6 million in CA is around $5.2 after tax. In NV it's still $7 million. That's nearly a $2 million difference.


So... you're saying that residents of Nevada don't pay federal income tax??
Sep 10 at 6:34 PM
#24
Joined: May 2016
Posts: 3,072
Likes: 719
Quoting: CD282
So... you're saying that residents of Nevada don't pay federal income tax??


No I'm saying they have no state income tax
Sep 10 at 6:39 PM
#25
Joined: Mar 2017
Posts: 2,431
Likes: 349
Quoting: ON3M4N
No I'm saying they have no state income tax


You did the numbers without calculating federal tax, you literally said " In NV it's still $7 million". Your whole post was about after tax income.

The numbers work out like this:

$6M in LA = $2.964M net
$7M in NV = $4.444M net
Difference = $1.48M
SnshineLolipops liked this.
 
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