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Vegas Golden Knights signed Shea Theodore (7 Years / $5,200,000 AAV)

Was this a good signing?
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Sep 25 at 7:29
#1
Shea Theodore has signed a new contract with the Vegas Golden Knights.
STANDARD CONTRACT
COMPARE THIS CONTRACT
LENGTH: 7 YEARS
EXPIRY STATUS: UFA
SIGNING TEAM: Vegas Golden Knights
VALUE: $36,400,000
C.H.% : 6.54
SIGNING DATE: September 25, 2018
SEASONCLAUSECAP HIT AAV P. BONUSES S. BONUSES BASE SALARY TOTAL SALARY MINORS SALARY
2018-19$5,200,000$5,200,000$0$0$5,200,000$5,200,000$5,200,000
2019-20$5,200,000$5,200,000$0$0$5,200,000$5,200,000$5,200,000
2020-21$5,200,000$5,200,000$0$0$5,200,000$5,200,000$5,200,000
2021-22$5,200,000$5,200,000$0$0$5,200,000$5,200,000$5,200,000
2022-23$5,200,000$5,200,000$0$0$5,200,000$5,200,000$5,200,000
2023-24Modified NTC$5,200,000$5,200,000$0$0$5,200,000$5,200,000$5,200,000
2024-25Modified NTC$5,200,000$5,200,000$0$0$5,200,000$5,200,000$5,200,000
TOTAL$36,400,000$36,400,000$0$0$36,400,000$36,400,000$36,400,000
CLAUSE DETAILS: Player submits a 5 team no trade list.
CLAUSE SOURCE: @PierreVLeBrun
Sep 25 at 9:47
#2
Blind Guardian 4ever
Joined: Mar 2017
Posts: 1,375
Likes: 208
Edited Sep 25 at 9:53
This contract is great to Vegas, cause right now Theodore worths about 5M and he probably will worths even more in next years. If I were his agent, I'll surely ask for more money to sign for such term.
Sep 25 at 9:57
#3
Joined: Jun 2018
Posts: 702
Likes: 165
Decent signing, ton of offensive upside.

I am a little concerned about him defensively though. he looked completely exposed vs Washington in the SCF.

he is a little overpaid right now, but if he can sure up his defensive responsibilities and continue to grow this could be a steal of a contract the last 3-4 years
BostonBeat97 liked this.
Sep 25 at 10:50
#4
Failed the Eye Test
Joined: Nov 2015
Posts: 1,021
Likes: 810
I honestly thought he'd get a bridge deal like Morrissey or Nurse, especially since he's only played one full season.
Sep 25 at 11:18
#5
BostonBeat97
Joined: Aug 2018
Posts: 10
Likes: 14
Definitely a contract that goes from overpaid to underpaid given his market value if he takes all the right steps in his game. He is only in his early 20s so he has a few years to really get his game rounded out and to show he is a solid defenseman.
Sep 25 at 11:25
#6
LAK GM v3
Joined: Sep 2018
Posts: 152
Likes: 35
Edited Sep 25 at 12:18
This deal is extremely Vegas friendly, and the term for 7 years is locking in a player for great value. Theodore's upside is higher than most (if-not-all) defense-men on the Golden Knights roster, and if Theodore gets better over the next few seasons this contract will look like robbery. On the other hand, if Theodore doesn't reach his potential or falls short of expectations, this contract is very "Trade friendly" as well. Either way, Vegas has played their cards really well, and its up to Theodore to prove his projected growth in the NHL!
Willian_Cardoso and Random2152 liked this.
Sep 25 at 11:27
#7
Big John T
Joined: Sep 2018
Posts: 346
Likes: 50
Ages 23 - 30

Pretty great considering a pylon costs $4 million
Sep 25 at 2:55
#8
Caps GM v3
Joined: Nov 2016
Posts: 7,275
Likes: 1,812
It's good to get him locked up for 7 years, but I would've thought a deal would've materialized closer to the bridge deals signed by Morrissey and Nurse. But even if he's getting 7 years, I would've expected a slightly lower AAV.
Sep 25 at 3:15
#9
Habs/Pens fan
Joined: Oct 2017
Posts: 567
Likes: 121
AAV is ok for him but the term is pretty good. We'll see if he gets better.
Sep 25 at 3:23
#10
Joined: Dec 2017
Posts: 391
Likes: 116
I'm surprised this deal took so long to materialize. How much more did Theodore want? He only scored 29 points last season in 61 games and saw a ton of PP time on a great team. He's got a high ceiling, but this deal really makes the signings of guys like Seth Jones ($5.4M AAV), Shayne Gostisbehere ($4.5M AAV), and John Klingberg ($4.25M AAV) look like incredible values. Vegas is clearly paying for potential. Theodore's performance to date does not warrant $5.2M AAV for 7 years.
Sep 25 at 3:49
#11
Joined: Jul 2017
Posts: 10
Likes: 16
Quoting: Brian2016
I'm surprised this deal took so long to materialize. How much more did Theodore want? He only scored 29 points last season in 61 games and saw a ton of PP time on a great team. He's got a high ceiling, but this deal really makes the signings of guys like Seth Jones ($5.4M AAV), Shayne Gostisbehere ($4.5M AAV), and John Klingberg ($4.25M AAV) look like incredible values. Vegas is clearly paying for potential. Theodore's performance to date does not warrant $5.2M AAV for 7 years.


I read from multiple sources that apparently the hold-up was that Theodore's camp wanted a two year deal, and Vegas wanted to lock him up long term. Which is strange because I feel like its the players who usually want the longer deals, apparently Vegas won the staredown. Hope that answers your question Brian
Pross and Brian2016 liked this.
Sep 25 at 5:00
#12
Joined: Apr 2017
Posts: 90
Likes: 36
This one goes immediately into my Top 20 signings for 2018. Not that it is without risk. On a short (1-2y) bridge, Theodore would have collected 3M to 3.5M AAV. Once the 3rd and 4th year get added it would be over 4M AAV. This does that and buys his first 3 years of unrestricted free agency as well, for barely more than 5M per year. Had they done a bridge and waited 2 years, that AAV could have easily topped 7M.

All of this is assuming Theodore develops into the Top-4 D-Man with 1st PP time that he is projected for. Given that he is almost there already, after barely 1 season of NHL experience, I think that one can be confident that he’ll get there. The bigger risk is injuries and their impact on a player (particularly concussions). But if we let that worry guide us we’d never have any deals made.

Seems like a trend to sign young D-Meb to long term deals right off their ELC’s. I’m talking about more than just the Top 20 D in the NHL but anyone who looks like he could be a top pairing guy. Just this summer there has been: Skjei (6y @ 5.25M), Theodore (7y @ 5.2M), and Hanifin (6y @ 4.95M). Given the extra year, I like this better than the other 2 deals for Skjei and Hanifin. I am sure one will look like more of a bust in 3/4 years, it’s just tough To know how these guys will all develop.
Sep 25 at 6:20
#13
Joined: May 2018
Posts: 430
Likes: 48
3rd best D on Vegas but the most paid??
Doesn't make sense.
Sep 26 at 12:26
#14
Joined: Dec 2017
Posts: 391
Likes: 116
Quoting: Patriot12992
I read from multiple sources that apparently the hold-up was that Theodore's camp wanted a two year deal, and Vegas wanted to lock him up long term. Which is strange because I feel like its the players who usually want the longer deals, apparently Vegas won the staredown. Hope that answers your question Brian


Thank you. It does answer the question, but you're right, it does seem rather strange. I see Theodore as a 50 point scorer and an average defensive player at his peak. I don't think his ceiling puts him on par w/ the top 20 D's in the league.
Sep 26 at 10:48
#15
Failed the Eye Test
Joined: Nov 2015
Posts: 1,021
Likes: 810
Quoting: Trickster
3rd best D on Vegas but the most paid??
Doesn't make sense.


Talent level doesn't always correlate to pay. Assuming you're referring to Miller and Schmidt as the two defensemen better than him, Theodore has done more at his current age than the other two did, therefore warranting a higher salary. Miller only broke out this past season at age 25, while Schmidt was also a late bloomer and only broke out around age 25. Theodore build a much stronger base at age 23. He also has a higher ceiling than the other two.
Patriot12992 liked this.
Sep 26 at 1:18
#16
Joined: May 2018
Posts: 430
Likes: 48
3rd best D on Vegas but the most paid??
Doesn't make sense.
Quoting: DoctorBreakfast
Talent level doesn't always correlate to pay. Assuming you're referring to Miller and Schmidt as the two defensemen better than him, Theodore has done more at his current age than the other two did, therefore warranting a higher salary. Miller only broke out this past season at age 25, while Schmidt was also a late bloomer and only broke out around age 25. Theodore build a much stronger base at age 23. He also has a higher ceiling than the other two.


Close, Miller and McNabb.
Sep 26 at 1:47
#17
Joined: Dec 2017
Posts: 391
Likes: 116
Quoting: Shifttee
Decent signing, ton of offensive upside.

I am a little concerned about him defensively though. he looked completely exposed vs Washington in the SCF.

he is a little overpaid right now, but if he can sure up his defensive responsibilities and continue to grow this could be a steal of a contract the last 3-4 years


I agree 100%. They're paying for potential. 29 points last season and shaky defensive play wouldn't usually warrant this type of contract, but he clearly has huge upside offensively. Also, the Cap could be significantly higher in years to come so the cap hit % that Theodore's contract takes up would be much lower.
Sep 27 at 6:16
#18
Joined: Dec 2017
Posts: 391
Likes: 116
Quoting: DoctorBreakfast
I honestly thought he'd get a bridge deal like Morrissey or Nurse, especially since he's only played one full season.


I agree. Especially since George McPhee already went on a huge spending spree this summer. First, Miller, Stasny, and Fleury. Then, Karlsson, albeit for one year. Finally, Pacioretty and Theodore. Who'd have ever thought a year ago that Vegas would be a "cap team" after only one season? Currently, they have just over $4M in cap space and that number will evaporate next summer when Fleury's, Pacioretty's, and presumably William Karlsson's new contracts take effect. And they still have a plethora of draft picks to play with. Vegas is set to be major Cup contenders for years to come.
Oct 29 at 9:12
#19
GM67
Joined: Jul 2015
Posts: 114
Likes: 32
Good for both player and team.
 
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