SalarySwishSalarySwish
Forums/NHL Signings

Vegas Golden Knights signed Noah Hanifin (8 Years / $7,350,000 AAV)

Was this a good signing?
The chart has been hidden

Poll Options


Apr. 11 at 4:23 p.m.
#1
Noah Hanifin has signed a new contract with the Vegas Golden Knights.
Standard Contract (Extension)
Comparable ContractsCOMPARE THIS CONTRACT
SIGNED BY: Kelly McCrimmon
Length: 8 years
Value: $58,800,000
Expiry Status: UFA
Cap % Tooltip: 8.80
Signing Team: Logo of the Vegas Golden KnightsVegas Golden Knights
Signing Date: Apr. 11, 2024
Source: CapFriendly

Noah Hanifin signed a 8 year, $58,800,000 contract with the Vegas Golden Knights on Apr. 11, 2024. The contract has a cap hit of $7,350,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2024-25NTC$7,350,000$7,350,000$0$8,500,000$1,000,000$9,500,000$9,500,000
2025-26NTC$7,350,000$7,350,000$0$7,900,000$1,600,000$9,500,000$9,500,000
2026-27NTC$7,350,000$7,350,000$0$7,500,000$2,000,000$9,500,000$9,500,000
2027-28NTC$7,350,000$7,350,000$0$5,500,000$2,000,000$7,500,000$7,500,000
2028-29NTC$7,350,000$7,350,000$0$0$5,700,000$5,700,000$5,700,000
2029-30NTC$7,350,000$7,350,000$0$0$5,700,000$5,700,000$5,700,000
2030-31M-NTC$7,350,000$7,350,000$0$0$5,700,000$5,700,000$5,700,000
2031-32M-NTC$7,350,000$7,350,000$0$0$5,700,000$5,700,000$5,700,000
TOTAL$58,800,000$58,800,000$0$29,400,000$29,400,000$58,800,000$58,800,000
CLAUSE DETAILS: Starting July 1, 2030: 15 Team No-Trade list
CLAUSE SOURCE: CapFriendly
Apr. 11 at 4:25 p.m.
#2
Rooney
Go Jets Go
Avatar of the user
Joined: Mar. 2018
Posts: 5,442
Likes: 4,187
Thought he may sign in Boston...not surprised in the slightest Vegas was able to get it done. The rich get richer!!
LIRIK, OldNYIfan, drambui and 5 others liked this.
Apr. 11 at 4:27 p.m.
#3
itzRavai
Avatar of the user
Joined: Jan. 2024
Posts: 76
Likes: 68
...
Apr. 11 at 4:27 p.m.
#4
Brolekb2b
CapEvasionEnthusiast
Avatar of the user
Joined: Jan. 2022
Posts: 776
Likes: 454
Edited Apr. 11 at 4:55 p.m.
Finally can put all the "Hanifin signs in TB" allegations to rest
Rolfadinho, imawesome, Rangsey and 3 others liked this.
Apr. 11 at 4:28 p.m.
#5
NorthernLeafsFan05
Amirov Forever
Avatar of the user
Joined: Mar. 2022
Posts: 6,609
Likes: 6,069
This is REALLY good for Vegas IMO. Hanifin is a legit top pairing defender, and getting him at less than 7.5m is ridiculous. Complete steal
Apr. 11 at 4:29 p.m.
#6
Random2152
Just Keep Swimming
Avatar of the user
Joined: Jun. 2018
Posts: 9,295
Likes: 5,629
This contract is a pretty good example on how tax advantage is much smaller than most people think given his offer in CGY was for 7.5. Like yeah it totally exists but it isnt really anything to get antsy about and claim it to be a massive factor. 0.15M is roughly the gap.

Anyway, this contract seems in line with my expectations so I think it's fine. NH is a low end 1st pair D and he's being paid as such
Apr. 11 at 4:33 p.m.
#7
trademaster20
Avatar of the user
Joined: Jun. 2021
Posts: 204
Likes: 32
people voting no because they are salty vegas gets hanifin for eight years LOL (dont worry i am too)

absolute W and a steal from vegas tho
HockeyManiac95, drambui, Wqrrior and 3 others liked this.
Apr. 11 at 4:38 p.m.
#8
SadSensFan14
MOVE THE COYOTES
Avatar of the user
Joined: Oct. 2020
Posts: 4,442
Likes: 1,549
That's sadly a W by Vegas.
OldNYIfan, HockeyManiac95, SoFlaSooner and 1 other person liked this.
Apr. 11 at 4:38 p.m.
#9
doogiski
Avatar of the user
Joined: Feb. 2018
Posts: 40
Likes: 47
Quoting: Random2152
This contract is a pretty good example on how tax advantage is much smaller than most people think given his offer in CGY was for 7.5. Like yeah it totally exists but it isnt really anything to get antsy about and claim it to be a massive factor. 0.15M is roughly the gap.


This doesn't make sense. The tax advantage is substantial and much more than $150k.

The difference for Hanifin each year making $7.35M in Vegas vs. Calgary is $640k take home:

Vegas (taxed at 38.9% from https://www.talent.com/tax-calculator?salary=7350000&from=year&region=Nevada): $7.35M -> $4.49M take home
Calgary (taxed at 47.6% from https://ca.talent.com/tax-calculator?salary=7350000&from=year&region=Alberta): $7.35M -> $3.85M take home

If Hanafin stays all 8 years in Vegas, the total take home difference between signing in Vegas vs. Calgary is $5.12M. This would mean Hanafin would have to play over 9 years in Calgary to take home the same earnings as he does in 8 years in Vegas.
drewjenkins, OldNYIfan, RawDeal and 9 others liked this.
Apr. 11 at 4:43 p.m.
#10
Random2152
Just Keep Swimming
Avatar of the user
Joined: Jun. 2018
Posts: 9,295
Likes: 5,629
Quoting: doogiski
This doesn't make sense. The tax advantage is substantial and much more than $150k.

The difference for Hanifin each year making $7.35M in Vegas vs. Calgary is $640k take home:

Vegas (taxed at 38.9% from https://www.talent.com/tax-calculator?salary=7350000&from=year&region=Nevada): $7.35M -> $4.49M take home
Calgary (taxed at 47.6% from https://ca.talent.com/tax-calculator?salary=7350000&from=year&region=Alberta): $7.35M -> $3.85M take home

If Hanafin stays all 8 years in Vegas, the total take home difference between signing in Vegas vs. Calgary is $5.12M. This would mean Hanafin would have to play over 9 years in Calgary to take home the same earnings as he does in 8 years in Vegas.


You're forgetting the tax tricks to lower the burden. Americans in Canada pay like 20%
Rolfadinho and AK50 liked this.
Apr. 11 at 4:47 p.m.
#11
aadoyle
Hakuna Matata
Avatar of the user
Joined: Feb. 2020
Posts: 34,163
Likes: 21,001
The Martinez replacement is now set
Apr. 11 at 4:50 p.m.
#12
Leafsfan98
Leafs going to Leafs
Avatar of the user
Joined: Dec. 2022
Posts: 9,813
Likes: 2,974
So I guess VGK is saying goodbye to Mantha, Marchessault and Stephenson next year?
HockeyManiac95, doogiski, tupty and 1 other person liked this.
Apr. 11 at 4:52 p.m.
#13
HockeyManiac95
and proud of it
Avatar of the user
Joined: Feb. 2023
Posts: 2,256
Likes: 1,605
Definitely a steal for Vegas!
SoFlaSooner liked this.
Apr. 11 at 4:52 p.m.
#14
OldNYIfan
Once a Kings Fan Too
Avatar of the user
Joined: Jun. 2018
Posts: 40,415
Likes: 25,320
Very good deal the first half, a little iffy the second half but still ends when he's 35 . . . on balance, a very good move for Vegas.

I guess the big signing bonus is so that he can buy himself a nice house over the summer . . .
Apr. 11 at 4:53 p.m.
#15
aadoyle
Hakuna Matata
Avatar of the user
Joined: Feb. 2020
Posts: 34,163
Likes: 21,001
Quoting: Leafsfan98
So I guess VGK is saying goodbye to Mantha, Marchessault and Stephenson next year?


Mantha and Stephenson yes

Marchessault no

Got a feeling they gonna move out someone's like Whitecloud to make it work. Also have Lehners LTIR money to work with
vmark and SoFlaSooner liked this.
Apr. 11 at 4:54 p.m.
#16
CSStrowbridge
Avatar of the user
Joined: Jul. 2021
Posts: 1,123
Likes: 855
In a vacuum, this is a good signing. HOWEVER, Vegas has almost no cap space left for next year and they need to sign at least two more players. Something is going to have to give. Either they buyout someone, pay to give away a contract, or they are left with a 20-man roster and every injury leaves them shorthanded.
Boutch liked this.
Apr. 11 at 4:55 p.m.
#17
A_Habs_fan
Avatar of the user
Joined: Oct. 2020
Posts: 12,763
Likes: 17,393
Good signing though I have no idea what Vegas will do to be cap compliant next year
Apr. 11 at 4:55 p.m.
#18
aadoyle
Hakuna Matata
Avatar of the user
Joined: Feb. 2020
Posts: 34,163
Likes: 21,001
Quoting: CSStrowbridge
In a vacuum, this is a good signing. HOWEVER, Vegas has almost no cap space left for next year and they need to sign at least two more players. Something is going to have to give. Either they buyout someone, pay to give away a contract, or they are left with a 20-man roster and every injury leaves them shorthanded.


Not really as they have prospects who can fill in spots

Really all they need to do is extend Dorofeyev and Korczak and neither will get a big extension

Just have to trade Whitecloud and they have a 21 man team
vmark liked this.
Apr. 11 at 4:59 p.m.
#19
CameronSquires
McMann Season
Avatar of the user
Joined: Mar. 2022
Posts: 2,357
Likes: 954
Getting a 1P Dman for that price is great for the Knights. Not sure how it will look at the end of the deal but I don’t think Vegas cares about that.
Apr. 11 at 5:04 p.m.
#20
Leafsfan98
Leafs going to Leafs
Avatar of the user
Joined: Dec. 2022
Posts: 9,813
Likes: 2,974
Quoting: aadoyle
Mantha and Stephenson yes

Marchessault no

Got a feeling they gonna move out someone's like Whitecloud to make it work. Also have Lehners LTIR money to work with


They've got some decisions to make though
vmark liked this.
Apr. 11 at 5:05 p.m.
#21
pstor555
Avatar of the user
Joined: Jul. 2021
Posts: 15
Likes: 20
Quoting: CSStrowbridge
In a vacuum, this is a good signing. HOWEVER, Vegas has almost no cap space left for next year and they need to sign at least two more players. Something is going to have to give. Either they buyout someone, pay to give away a contract, or they are left with a 20-man roster and every injury leaves them shorthanded.


Mark Stone’s back will give
Apr. 11 at 5:05 p.m.
#22
AStovetop
Stovetop
Avatar of the user
Joined: Jul. 2017
Posts: 1,976
Likes: 864
Quoting: NorthernLeafsFan05
This is REALLY good for Vegas IMO. Hanifin is a legit top pairing defender, and getting him at less than 7.5m is ridiculous. Complete steal


The contract is objectively fair value but is going to age very poorly as soon as next year. Sephenson is gone, Martinez is gone, Marchessault, Mantha is gone. What happens if Lehner is cleared to play?

I think they'll be fine, but what if Eichel, Hertl, and Stone struggle with more injuries as they all have throughout their career? Not to mention Karlsson is 31, McNabb is 33 and Petro is 34 already.

This is literally what happened with the Sharks in 19-20. They let Pavelski, Donskoi, Nyquist walk so they could get Kane and Karlsson signed, then Karlsson, Hertl, and Couture were out with injuries for a huge portion of that year and they were 3rd worst in the league.
vmark liked this.
Apr. 11 at 5:11 p.m.
#23
TheReelChuckFletcher
Former Hockyluv21
Avatar of the user
Joined: Sep. 2023
Posts: 243
Likes: 39
Quoting: aadoyle
Mantha and Stephenson yes

Marchessault no

Got a feeling they gonna move out someone's like Whitecloud to make it work. Also have Lehners LTIR money to work with


It's possible that Vegas extends Mantha short-to-medium term instead of Marchessault. They like cycling their stars a bit in order to give them solid team depth.
Apr. 11 at 5:19 p.m.
#24
tasieboy
tasieboy
Avatar of the user
Joined: Dec. 2021
Posts: 181
Likes: 65
Will Hronek make more or less than this when he signs?
Apr. 11 at 5:34 p.m.
#25
NHLfan10506
Avatar of the user
Joined: May 2019
Posts: 40,287
Likes: 18,388
“Will only sign in Boston”
 
Reply
To create a post please Login or Register
Question:
Options:
Loading animation
Submit Poll Edit