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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, 2021 at 12:05 p.m.
#1
Joel Farabee has signed a new contract with the Philadelphia Flyers.
Standard Contract (Extension)
Comparable ContractsCOMPARE THIS CONTRACT
SIGNED BY: Chuck Fletcher
Length: 6 years
Value: $30,000,000
Expiry Status: UFA
Cap % Tooltip: 6.14
Signing Team: Logo of the Philadelphia FlyersPhiladelphia Flyers
Signing Date: Sep. 2, 2021
Source: CapFriendly

Joel Farabee signed a 6 year, $30,000,000 contract with the Philadelphia Flyers on Sep. 2, 2021. The contract has a cap hit of $5,000,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
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, 2021 at 12:07 p.m.
#2
Earth
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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, 2021 at 12:08 p.m.
#3
krzyk0
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The Andrew Mcdonald contract.. Hopefully this one works out better for Philly.
Missouri liked this.
Sep. 2, 2021 at 12:10 p.m.
#4
KingLundqvist30
Breadman likes Bread
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Between TK and this the Flyers are set on team friendly deals.
Sep. 2, 2021 at 12:11 p.m.
#5
A_Habs_fan
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Great deal, sure brings him to UFA but the value they'll get on this deal is great
Jeuck75 liked this.
Sep. 2, 2021 at 12:16 p.m.
#6
draft_em_sign_em_trade_em
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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.
zk97, CSStrowbridge, Zubrowka and 1 other person liked this.
Sep. 2, 2021 at 12:19 p.m.
#7
yikes
EklundCelebriniSmith
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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
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Sep. 2, 2021 at 12:37 p.m.
#8
BCAPP
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Who the heck thinks this is a bad deal?
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Sep. 2, 2021 at 12:38 p.m.
#9
aadoyle
Hakuna Matata
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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, 2021 at 12:39 p.m.
#10
jpsnow13
You know nothing JS
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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)_/¯
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Sep. 2, 2021 at 12:43 p.m.
#11
Rooney
Go Jets Go
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I think this contract is gonna look real good for Philly in a couple years!
Sep. 2, 2021 at 12:56 p.m.
#12
Devil
Speak of the Devil
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The AAV is a steal
Sep. 2, 2021 at 12:57 p.m.
#13
msekkes
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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, 2021 at 1:03 p.m.
#14
OldNYIfan
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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, 2021 at 1:06 p.m.
#15
BCAPP
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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, 2021 at 1:34 p.m.
#16
BCAPP
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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, 2021 at 1:44 p.m.
#17
CSStrowbridge
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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.
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Sep. 2, 2021 at 2:02 p.m.
#18
TheFastAndTheFleuryous
GO KNIGHTS GO
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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, 2021 at 2:41 p.m.
#19
SnakeDelilah
lottery team fan
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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
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Sep. 2, 2021 at 2:49 p.m.
#20
PrincessChloe
May contain nuts
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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, 2021 at 3:30 p.m.
#21
BCAPP
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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, 2021 at 3:32 p.m.
#22
BCAPP
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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
Sep. 2, 2021 at 4:38 p.m.
#23
imawesome
I want Gourde back
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I think this deal will end up looking better than the Konecny deal
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Sep. 2, 2021 at 4:54 p.m.
#24
Janasazi
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How is a player that has 1 20 goal season worth $5 million AAV for 6 years?
Sep. 2, 2021 at 6:36 p.m.
#25
BCAPP
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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+
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