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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, 2018 at 2:56 p.m.
#1
Max Pacioretty has signed a new contract with the Vegas Golden Knights.
Standard Contract (Extension)
Comparable ContractsCOMPARE THIS CONTRACT
SIGNED BY: George McPhee
Length: 4 years
Value: $28,000,000
Expiry Status: UFA
Cap % Tooltip: 8.81
Signing Team: Logo of the Vegas Golden KnightsVegas Golden Knights
Signing Date: Sep. 10, 2018
Source: CapFriendly

Max Pacioretty signed a 4 year, $28,000,000 contract with the Vegas Golden Knights on Sep. 10, 2018. The contract has a cap hit of $7,000,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2019-20M-NTC$7,000,000$7,000,000$0$0$10,500,000$10,500,000$10,500,000
2020-21M-NTC$7,000,000$7,000,000$0$0$7,000,000$7,000,000$7,000,000
2021-22M-NTC$7,000,000$7,000,000$0$0$5,250,000$5,250,000$5,250,000
2022-23M-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, 2018 at 2:57 p.m.
#2
Rangers 2023
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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
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Sep. 10, 2018 at 2:57 p.m.
#3
Former Hockey Fan
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Great deal for the Golden Knights. Pacioretty would have gotten a lot more term on the open market.
Sep. 10, 2018 at 3:01 p.m.
#4
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Great, especially given his age. He'll be paid until he's 34 and then can close out his career with one more contract.
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Sep. 10, 2018 at 3:01 p.m.
#5
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Great, especially given his age. He'll be paid until he's 34 and then can close out his career with one more contract.
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Sep. 10, 2018 at 3:06 p.m.
#6
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So Pacioretty declined 6x6M contract with the Kings to later sign a 4years deal with Vegas. Interesting
Good contract for Vegas
Sep. 10, 2018 at 3:13 p.m.
#7
Molson beer is meh
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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!!
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Sep. 10, 2018 at 3:17 p.m.
#8
Habs/Pens fan
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I was thinking 7.5 million for 5 years for him but this is good value.
Sep. 10, 2018 at 3:18 p.m.
#9
Emotionally in 2018
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They get him for the rest of his prime years. Great extension by Vegas.
Sep. 10, 2018 at 3:27 p.m.
#10
skates21
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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, 2018 at 3:27 p.m.
#11
skates21
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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.
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Sep. 10, 2018 at 3:28 p.m.
#12
Lavsim
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Excellent signing for Vegas, got Paccio in his prime at not too high of a price.
Sep. 10, 2018 at 3:37 p.m.
#13
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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.
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Sep. 10, 2018 at 3:58 p.m.
#14
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Its deals like this that make me appreciate Don Sweeney signing Both Pastrnak and Marchand for such team friendly deals.
Sep. 10, 2018 at 4:46 p.m.
#15
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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.
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Sep. 10, 2018 at 4:58 p.m.
#16
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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, 2018 at 5:33 p.m.
#17
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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.
Sep. 10, 2018 at 5:47 p.m.
#18
NateElder12
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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, 2018 at 5:49 p.m.
#19
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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.
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Sep. 10, 2018 at 5:50 p.m.
#20
NateElder12
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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, 2018 at 5:53 p.m.
#21
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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, 2018 at 6:22 p.m.
#22
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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, 2018 at 6:25 p.m.
#23
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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, 2018 at 6:34 p.m.
#24
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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, 2018 at 6:39 p.m.
#25
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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
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