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[Extension] Devils extend Travis Zajac, 8 yrs, $46 million


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#1 vancanfan

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Posted 16 January 2013 - 12:43 PM

Devils Re-Sign Center Travis Zajac to Long-Term Contract
Newark, NJ - The New Jersey Devils today re-signed center Travis Zajac to a long-term contract. The announcement was made by Devils President/CEO/General Manager Lou Lamoriello. As per club policy, no further terms were disclosed.
"During his time in New Jersey, Travis Zajac has become a solid, all-situation player and one of the core leaders of our hockey club," said Lamoriello.


Pierre LeBrun@Real_ESPNLeBrun
Devils sign Zajac to eight-year deal worth $46 million ($5.75 million average)


Nick Kypreos@RealKyper
#Devils Travis Zajac no trade 8yrs 46M deal. No more front loaded money. Case in pt. 1st yr 3.5M. 2 yr 5M, 3rd-6th yr 6.5M. Last two 5.75M.


Edited by vancanfan, 16 January 2013 - 12:50 PM.

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#2 Lonny_Bohonos_14

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Posted 16 January 2013 - 12:43 PM

David Pagnotta@TheFourthPeriod
With Zajac getting an 8-year, $46M contract... Subban's asking price doesn't seem that wild, now, does it?

5.75 isn't a bad deal for their #1 centre.

Edited by Sweatt_GLaNDs, 16 January 2013 - 12:45 PM.

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#3 2nastie

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Posted 16 January 2013 - 12:44 PM

8 years - $46 million

$5.75 mill cap hit


...

Overpayment!
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#4 CCF4E

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Posted 16 January 2013 - 12:44 PM

The term of the contract :

TSN.ca ALERT: Devils re-sign F Travis Zajac to eight-year, $46 million contract.
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#5 playboi19

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Posted 16 January 2013 - 12:46 PM

He was injured most of last season. But I think that is a slight over-payment, but not too bad.

$5M flat would have been ideal.
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#6 elvis15

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Posted 16 January 2013 - 12:58 PM

David Pagnotta@TheFourthPeriod
With Zajac getting an 8-year, $46M contract... Subban's asking price doesn't seem that wild, now, does it?

5.75 isn't a bad deal for their #1 centre.

And I think Subban is asking for too much. Zajac got paid, but for his production it's a little pricey. Both he and Subban are big pieces of their team, but that still seems like a lot considering Zajac's deal will give him job security until he's 35.

Look at the comparables:
Kesler, Bergeron, Neal - all at $5M
Bobby Ryan - $5.1M
Tuomo Ruutu - $4.75M
Krejci - $5.25M

Is he worth $1M more than those guys?

Edited by elvis15, 16 January 2013 - 01:03 PM.

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#7 Aladeen

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Posted 16 January 2013 - 12:59 PM

Zajac is a good player - Probably overpayment for what he has done in the past at a reasonable price - rather than just paying for what they hope he will do.
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#8 Lonny_Bohonos_14

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Posted 16 January 2013 - 01:00 PM

And I think Subban is asking for too much. Zajac got paid, but for his production it's a little pricey. Both he and Subban are big pieces of their team, but that still seems like a lot considering Zajac's deal will give him job security until he's 35.


I think Zajac could have held out for more on the FA market. He probably could have gotten 6 per. So it's a bit of a deal. NJ also didn't really have any leverage against him. After losing Parise, they HAD to lock him up.
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#9 Hobble

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Posted 16 January 2013 - 01:02 PM

Hoped he would hit free agency and sign in Winnipeg :(

Congrats Zajac!
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#10 elvis15

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Posted 16 January 2013 - 01:05 PM

I think Zajac could have held out for more on the FA market. He probably could have gotten 6 per. So it's a bit of a deal. NJ also didn't really have any leverage against him. After losing Parise, they HAD to lock him up.

But signing him for that long should have gotten them some goodwill on the price, I'd think. I realize they had to lock him up considering, and he's not going to drop off from where he's at now really, but it's still more than I expected for him.
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Tanev is going to EDM. I can put my life savings down on it

 


#11 Captain Aerosex

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Posted 16 January 2013 - 01:44 PM

Overpayment by at least a million, IMO.
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#12 Sidney Crosby.

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Posted 16 January 2013 - 01:53 PM

I find it interesting the owners pushed so hard during the lockout to limit amount of years in a players contract, and piss away half a season for it, then the first major resigning is a 8 year contract?!
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#13 Heretic

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Posted 16 January 2013 - 02:23 PM

8 years? What happened to the max of 6 or 7 the owners were asking for in the CBA?
I guess they had to concede that point to the players as well....
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#14 canuckster19

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Posted 16 January 2013 - 03:46 PM

8 years? What happened to the max of 6 or 7 the owners were asking for in the CBA?
I guess they had to concede that point to the players as well....


8 if signing with same team, 7 if not.
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#15 WHL rocks

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Posted 16 January 2013 - 03:52 PM

Hoped he would hit free agency and sign in Winnipeg :(

Congrats Zajac!


Nice dream.

Anyways this is an overpayment by $1 mill per year IMO.
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#16 elvis15

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Posted 16 January 2013 - 04:17 PM

8 years? What happened to the max of 6 or 7 the owners were asking for in the CBA?
I guess they had to concede that point to the players as well....

Yup, they fell off that hill they would die on. 7 year max for UFAs and 8 for people re-signing with their current team, iirc.
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#17 Dion Phaneuf

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Posted 16 January 2013 - 04:40 PM

Overpayment now, underpayment in the future.
* player contracts will only get worse IMO (lockout in 10 yrs)
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#18 Legend Killer

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Posted 16 January 2013 - 05:33 PM

should've just kept parise.
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#19 Tr4ilerP4rk

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Posted 16 January 2013 - 05:38 PM

Oh my - what a crazy deal. He definitely benefits from Parise leaving town.
We lost half a season for absolutely nothing. This league and its owners are a bunch of morons. No way should Zajac receive this kind of money when he is 35 years old. He will be one of those players that gets "accelerated buy out" seriously ppl, these owners are totally insane and need major therapy and medication to help them stop hurting themselves.
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#20 WolfxHaley

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Posted 16 January 2013 - 05:51 PM

Oh my - what a crazy deal. He definitely benefits from Parise leaving town.
We lost half a season for absolutely nothing. This league and its owners are a bunch of morons. No way should Zajac receive this kind of money when he is 35 years old. He will be one of those players that gets "accelerated buy out" seriously ppl, these owners are totally insane and need major therapy and medication to help them stop hurting themselves.

I don't think they would sign him and then buy him out before the off season...
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#21 Smashian Kassian

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Posted 16 January 2013 - 05:56 PM

Great signing for Zajac, maybe a bit of an overpayment but he is a really important player, both offensively and defensively, one of my favorite non-Canucks.
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#22 Caboose

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Posted 16 January 2013 - 06:05 PM

Zajac is brutally underrated here it seems.

Not exactly pleased with the fact that we still have GM's giving out massive contracts after we lost half a season, but hey.
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#23 D.Doughty

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Posted 16 January 2013 - 06:11 PM

Solid signing by the Devils. Kovalchuck-Zajac on the top line for at least 8 years! Holy!
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#24 Pineapples

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Posted 16 January 2013 - 09:55 PM

He's not worth that much. But if it's all NJ could do, then better for them to make this deal than let him walk. Length of the deal doesn't really make a huge difference.
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#25 Ghostsof1915

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Posted 16 January 2013 - 10:01 PM

Loophole Lou does it again. Max term, max allowable increase? The ink isn't even dry on the CBA and he's still trying to get around stuff.
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#26 elvis15

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Posted 16 January 2013 - 10:24 PM

Zajac is brutally underrated here it seems.

Not exactly pleased with the fact that we still have GM's giving out massive contracts after we lost half a season, but hey.

Your second point is my first, considering it puts him in the ballpark of Sedins money. Not underrating him, just considering the tax bracket this contract puts him in, especially right after a new CBA is signed because teams aren't profitable and New Jersey was having to refinance to stay afloat.
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Tanev is going to EDM. I can put my life savings down on it

 





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