SalarySwishSalarySwish
Forums/Montreal Canadiens

Subban - The financial side of things

16 juin 2020 à 14 h 3
#1
Habs 2010
Avatar de l'utilisateur
Rejoint: mai 2020
Messages: 1,518
Mentions "j'aime": 951
It's been 4 seasons since the trade, I just wanted to point out some of the financial details about the trade.

It's something most of us fans don't even think or care about, but hockey is a business, and looking back at this trade along with Subban's contract being signed, Bergevin did some pretty good financing for Molson.

Let's start by looking at Subbans 8 yr × $9M contract. Conveniently for MTL, the first two years of that contract paid Subban the lowest $ amount, $7M each year. Also conveniently, Subban was traded right before the year he started to make $11M, a $4M raise. Was this contract signed with the intention of trading Subban at this time, or was this just a coincidence? It's an uncommon contract structure, not to mention the NMC didn't kick in until this season. All in all, compared to the average cap hit, Bergevin saved $4M total by structuring the contract this way.

Now moving on to the Subban vs Weber contract, over the past 4 years Bergevin has saved $6M to bring the total to $10M. Over the next two remaining years of Subban's contract, another $4M will be saved, bringing the total savings of how Bergevin handled Subban to $14M. I remember back when Subban signed the deal and Bergevin was criticized for losing negotiations (mostly having to do with the bridge he made Subban signed). Although Bergevin put himself in a bad position for Subban's next contract, he still managed to handle it really well.

Considering Weber is looking like a better player than Subban right now, this trade seems like a significant win for Bergevin, if not in the eyes of the fans, in the eyes of Molson at the least.

There is no telling how Weber will age moving forward, but in the final 4 years of his contract he will only make $5M total. It's possible he retires before playing it out, but if not one would have to assume he is still an effective player, and if he is thats a huge bargain.
Kotkaniemi15 et SlafCaufZuki a aimé ceci.
 
Répondre
To create a post please Login or S'inscrire
Question:
Options:
Ajouter une option
Soumettre le sondage