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Montreal Canadiens signed Alex Galchenyuk (3 Years / $4,900,000 AAV)

Was this a good signing?
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Jul. 5, 2017 at 6:19 p.m.
#1
Alex Galchenyuk has signed a new contract with the Montreal Canadiens.
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SIGNED BY: Marc Bergevin
Length: 3 years
Value: $14,700,000
Expiry Status: UFA
Cap % Tooltip: 6.53
Signing Team: Logo of the Montreal CanadiensMontreal Canadiens
Signing Date: Jul. 5, 2017
Source: CapFriendly

Alex Galchenyuk signed a 3 year, $14,700,000 contract with the Montreal Canadiens on Jul. 5, 2017. The contract has a cap hit of $4,900,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2017-18$4,900,000$4,900,000$0$0$4,900,000$4,900,000$4,900,000
2018-19$4,900,000$4,900,000$0$0$4,900,000$4,900,000$4,900,000
2019-20$4,900,000$4,900,000$0$0$4,900,000$4,900,000$4,900,000
TOTAL$14,700,000$14,700,000$0$0$14,700,000$14,700,000$14,700,000
Arbitration Requested Icon ARBITRATION: This contract was signed following an arbitration filing
Jul. 5, 2017 at 6:29 p.m.
#2
tad77
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Joined: Jun. 2017
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Montreal keeps the scoring they absolutely needed, at a solid cap hit, and Galchenyuk gets decent money and just enough term to book it out of town by the end of it. Good for both parties.
Blazingbat11 and bixyboii liked this.
Jul. 5, 2017 at 6:40 p.m.
#3
Agalloch
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Good contract for both.
Jul. 5, 2017 at 10:28 p.m.
#4
ProfessorFuzzymuffins
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Still need a center.
Jul. 5, 2017 at 10:35 p.m.
#5
Daoloth
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Likes: 60
This should end any rumors he will be traded now. Will be interesting to see what people get who filed for arbitration. Least they didn't have to break the bank to keep this guy smile.
Jul. 6, 2017 at 10:28 a.m.
#6
DoctorBreakfast
Below Market Value
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I'm a little surprised they gave him the extra year to allow him to have UFA status when it expires. I guess this shows they're willing to let him walk if he doesn't meet their expectations.
Jul. 7, 2017 at 1:03 a.m.
#7
Daoloth
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Quoting: DoctorBreakfast
I'm a little surprised they gave him the extra year to allow him to have UFA status when it expires. I guess this shows they're willing to let him walk if he doesn't meet their expectations.


Maybe by doing that he was willing to take less money or a lower cap hit so he would be able to cash in if he did well? I guess instead of say doing 4 years he was willing to bet on himself to do just enough to become a UFA. Could also figure their window to win a Cup is 2-3 years, this also might allow them to trade him in final year or two if things are not going well for Habs wink.
 
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