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Philadelphia Flyers signed Joel Farabee (6 Years / $5,000,000 AAV)

Was this a good signing?
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Sep 2 at 12:05
#1
Joel Farabee has signed a new contract with the Philadelphia Flyers.
STANDARD CONTRACT (EXTENSION)
Comparable ContractsCOMPARE THIS CONTRACT
LENGTH: 6 YEARS
EXPIRY STATUS: UFA
SIGNING TEAM: Philadelphia FlyersPhiladelphia Flyers
VALUE: $30,000,000
C.H.% : 6.14
SIGNING DATE: September 2, 2021
SOURCE: CapFriendly
SEASONCLAUSECAP HIT AAV P. BONUSES S. BONUSES BASE SALARY TOTAL SALARY MINORS SALARY
2022-23$5,000,000$5,000,000$0$2,000,000$1,000,000$3,000,000$3,000,000
2023-24$5,000,000$5,000,000$0$2,000,000$2,250,000$4,250,000$4,250,000
2024-25$5,000,000$5,000,000$0$2,000,000$3,000,000$5,000,000$5,000,000
2025-26$5,000,000$5,000,000$0$1,500,000$4,250,000$5,750,000$5,750,000
2026-27$5,000,000$5,000,000$0$0$6,000,000$6,000,000$6,000,000
2027-28$5,000,000$5,000,000$0$0$6,000,000$6,000,000$6,000,000
TOTAL$30,000,000$30,000,000$0$7,500,000$22,500,000$30,000,000$30,000,000
Sep 2 at 12:07
#2
Joined: Sep 2018
Posts: 619
Likes: 436
Farabee is already one of the best forwards on the flyers. Great deal for him and the team.
mauston_atthews, Tntpod, BuFfaLOFaN and 5 others liked this.
Sep 2 at 12:08
#3
Joined: Oct 2019
Posts: 286
Likes: 320
The Andrew Mcdonald contract.. Hopefully this one works out better for Philly.
Missouri liked this.
Sep 2 at 12:10
#4
Breadman likes Bread
Joined: Jul 2017
Posts: 3,184
Likes: 1,524
Between TK and this the Flyers are set on team friendly deals.
Sep 2 at 12:11
#5
v5 CBJ GM
Joined: Oct 2020
Posts: 6,383
Likes: 6,204
Great deal, sure brings him to UFA but the value they'll get on this deal is great
Jeuck75 liked this.
Sep 2 at 12:16
#6
Joined: Nov 2018
Posts: 5,631
Likes: 1,321
With the Casey signing and now Joel, along with Beau , it's really making it clear how bad that KK offer sheet is.

Glad the KK contract didn't create inflation on 35-40 point players across the League.
Zuki9797, CSStrowbridge, Zubrowka and 1 other person liked this.
Sep 2 at 12:19
#7
Sit back and relax..
Joined: Sep 2019
Posts: 6,750
Likes: 6,851
Love Farabee so the Flyers got a great deal here but it’ll be exciting to see him hit the UFA market in 6 years smile

But the Flyers could look real scary if Hart can get back into form
mauston_atthews and OldNYIfan liked this.
Sep 2 at 12:37
#8
Joined: May 2015
Posts: 7,121
Likes: 2,553
Who the heck thinks this is a bad deal?
mauston_atthews liked this.
Sep 2 at 12:38
#9
Hakuna Matata
Joined: Feb 2020
Posts: 11,240
Likes: 7,227
Bit of a gamble based on one season. Would have waited till the end of this season before giving him that kind of money and term. But if he can continue to perform like he did the previous season then its a good deal.
Trickster, OldNYIfan, CSStrowbridge and 2 others liked this.
Sep 2 at 12:39
#10
You know nothing JS
Joined: Jan 2017
Posts: 3,942
Likes: 2,227
Huge contract for a guy whith only 100 games played.

But hey, at least no a-hole GM will give him a stupid OS down the road ¯\_(ツ)_/¯
OldNYIfan liked this.
Sep 2 at 12:43
#11
Go Jets Go
Joined: Mar 2018
Posts: 3,675
Likes: 2,284
I think this contract is gonna look real good for Philly in a couple years!
Sep 2 at 12:56
#12
MERCER SZN
Joined: Nov 2017
Posts: 15,926
Likes: 11,628
The AAV is a steal
Sep 2 at 12:57
#13
Joined: May 2018
Posts: 728
Likes: 277
Bit of a gamble right now but if he has another solid year that AAV would have been either a lot higher or just a 2-3 year bridge deal.
OldNYIfan liked this.
Sep 2 at 1:03
#14
First NY Then LA
Joined: Jun 2018
Posts: 21,257
Likes: 11,182
I didn't vote "No" but I think this is a lot of money for a guy who has basically the same figures as Max Comtois, who is getting less than half that, albeit for only half the term.
Sep 2 at 1:06
#15
Joined: May 2015
Posts: 7,121
Likes: 2,553
Quoting: aadoyle
Bit of a gamble based on one season. Would have waited till the end of this season before giving him that kind of money and term. But if he can continue to perform like he did the previous season then its a good deal.


If he continues to perform like this he gets 7 million.
Sep 2 at 1:34
#16
Joined: May 2015
Posts: 7,121
Likes: 2,553
Quoting: OldNYIfan
I didn't vote "No" but I think this is a lot of money for a guy who has basically the same figures as Max Comtois, who is getting less than half that, albeit for only half the term.


But as I said on Comtois post if I were able to double his salary and sign him to term I'd do it. I think it's worth the gamble.
OldNYIfan liked this.
Sep 2 at 1:44
#17
Joined: Jul 2021
Posts: 123
Likes: 99
Quoting: BCAPP
Who the heck thinks this is a bad deal?


He's only played just over 100 games and scored less than 60 points. It's a risk, because he doesn't have a proven track record.
DwightSens liked this.
Sep 2 at 2:02
#18
Number 1 Skinner Fan
Joined: Jul 2021
Posts: 503
Likes: 248
Quoting: BCAPP
Who the heck thinks this is a bad deal?

Me it’s a lot of money and term that could look bad in a couple years
Sep 2 at 2:41
#19
depressed njd fan
Joined: Jul 2020
Posts: 376
Likes: 331
Quoting: yikes
Love Farabee so the Flyers got a great deal here but it’ll be exciting to see him hit the UFA market in 6 years smile

But the Flyers could look real scary if Hart can get back into form


nice KSG avi
yikes liked this.
Sep 2 at 2:49
#20
Oui non grille-pain
Joined: Feb 2017
Posts: 6,353
Likes: 1,719
Farabee has done very well so far. There's some risk to committing this much money right now, but if he doesn't falter, this contract could also become one of the league's best.
Sep 2 at 3:30
#21
Joined: May 2015
Posts: 7,121
Likes: 2,553
Quoting: CSStrowbridge
He's only played just over 100 games and scored less than 60 points. It's a risk, because he doesn't have a proven track record.


I'd say the risk is way higher that if he continues to play like he does than he costs way more
Sep 2 at 3:32
#22
Joined: May 2015
Posts: 7,121
Likes: 2,553
Quoting: JeffSkinnerFan53
Me it’s a lot of money and term that could look bad in a couple years


If he sucks and they buy him out in 3 years his cap hit on buyout is 833k.

The best way to get the best value contracts (essentially all the best value contracts in the NHL) is to sign a good young player for a little more than you think they're worth for term.

All of Barkov, MacKinnon, Josi (last deal), Parise (2 deals ago), etc were signed like this.

The risk is much lower than potential reward
JeffSkinnerFan53 liked this.
Sep 2 at 4:38
#23
imawesome
Joined: Jun 2018
Posts: 3,448
Likes: 1,827
I think this deal will end up looking better than the Konecny deal
BCAPP liked this.
Sep 2 at 4:54
#24
Joined: Aug 2021
Posts: 327
Likes: 181
How is a player that has 1 20 goal season worth $5 million AAV for 6 years?
Sep 2 at 6:36
#25
Joined: May 2015
Posts: 7,121
Likes: 2,553
Quoting: Janasazi
How is a player that has 1 20 goal season worth $5 million AAV for 6 years?


Because in a cap world, contracts are more about trying to guess what a guy will be doing on the contract then what they've done before it.

And a 21 year old first round pick who was 30th in goals in the league is a good gamble to be very good. The downside risk is low as they can buy him out cheap if needed given under 25 buyouts. The upside is if he continues playing like a 30 goal 55 pt player or even improves given he's only 21 than they have a bargain as that would cost 7+
Janasazi liked this.
 
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