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Tampa Bay Lightning signed Steven Stamkos (8 Years / $8,500,000 AAV)

Do you like this signing?
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Jun. 29, 2016 at 4:38 p.m.
#1
Steven Stamkos has signed a new contract with the Tampa Bay Lightning.
Standard Contract (Extension)
Comparable ContractsCOMPARE THIS CONTRACT
SIGNED BY: Steve Yzerman
Length: 8 years
Value: $68,000,000
Expiry Status: UFA
Cap % Tooltip: 11.64
Signing Team: Logo of the Tampa Bay LightningTampa Bay Lightning
Signing Date: Jun. 29, 2016
Source: CapFriendly

Steven Stamkos signed a 8 year, $68,000,000 contract with the Tampa Bay Lightning on Jun. 29, 2016. The contract has a cap hit of $8,500,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2016-17NMC$8,500,000$8,500,000$0$8,500,000$1,000,000$9,500,000$9,500,000
2017-18NMC$8,500,000$8,500,000$0$8,500,000$1,000,000$9,500,000$9,500,000
2018-19NMC$8,500,000$8,500,000$0$8,500,000$1,000,000$9,500,000$9,500,000
2019-20NMC$8,500,000$8,500,000$0$8,500,000$1,000,000$9,500,000$9,500,000
2020-21NMC$8,500,000$8,500,000$0$8,500,000$1,000,000$9,500,000$9,500,000
2021-22NMC$8,500,000$8,500,000$0$6,500,000$1,000,000$7,500,000$7,500,000
2022-23NMC$8,500,000$8,500,000$0$5,500,000$1,000,000$6,500,000$6,500,000
2023-24NMC$8,500,000$8,500,000$0$5,500,000$1,000,000$6,500,000$6,500,000
TOTAL$68,000,000$68,000,000$0$60,000,000$8,000,000$68,000,000$68,000,000
CLAUSE SOURCE: CapFriendly
Jun. 29, 2016 at 10:13 p.m.
#2
hunter4321
Fire Treliving
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Joined: Feb. 2016
Posts: 549
Likes: 40
Lightning have screwed themselves
Jun. 30, 2016 at 3:08 p.m.
#3
Banks
Follow capfriendly
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Joined: Dec. 1336
Posts: 2,666
Likes: 1,918
Quoting: hunter4321
Lightning have screwed themselves

How do you figure?
Jul. 1, 2016 at 6:11 a.m.
#4
Ezequiel
Amazing Kreiderman
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Joined: Jun. 2015
Posts: 17
Likes: 4
The biggest reason Stamkos signed, is because the base salary is so low. He only pays income tax based on the games he plays in states other than Texas, Florida and Tennessee. Paying tax over the 1m salary, results in far less than if the salary was the same as the cap hit. The signing bonus is not subject to state income tax and that is where it makes the difference.
 
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