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[Signing] Cory Schneider signs 7 year deal with Jersey


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@brianlawton9:

Confirmed: Cory Schniender has resigned for 7 yrs and 6 million per year. @NHLDevils

OP:

http://sports.yahoo.com/blogs/nhl-puck-daddy/cory-schneider-break-bank-with-new-nj-devils-contract-180636525.html?utm_medium=referral&utm_source=t.co

Cory Schneider will break bank with new NJ Devils contract

There are players with negotiating leverage, and then theres Cory Schneider.

The New Jersey Devils traded for Schneider -- giving Gary Bettman one of his greatest NHL Draft moments -- because they saw a chance to acquire a franchise goalie right as theirs was aging out of the gig. Sure, it strained their relationship with Martin Brodeur, but Schneider, 28, played like a starter in 45 games with the Devils last season: .921 save percentage and a 1.97 goals-against.

Alas, Brodeur did not, and helped the Devils miss the postseason through their understandable yet detrimental loyalty ...

Schneider is an unrestricted free agent after this season, a season in which the Devils have constructed a veteran lineup seven players above the age of 33 in the hopes of taking another whack at the Stanley Cup piñata before transitioning into the next phase of NJD hockey: One led by Travis Zajac, Adam Henrique and John Quenneville up front; Adam Larsson, Jon Merrill and Eric Gelinas on defense; and Schneider as their anchor.

Hes the key to the future and hes going to be paid accordingly.

From Fire & Ice on July 3:

Devils general manager Lou Lamoriello sounded very optimistic today that he will soon be able to lock up goaltender Cory Schneider to a contract extension. Schneider, 28, would be eligible to become an unrestricted free agent next summer.

Its a work in progress and were getting closer and closer, Lamoriello said. Hopefully, well have that done in the very near future.

Lamoriello said heading into the off-season that signing Schneider to an extension was a priority and hes been working on it with Schneiders agent, Mike Liut, for several weeks. Schneider was not officially allowed to sign an extension until July 1, which has now passed.

So what is this contract going to look like?

The cap hit Ive heard is $6 million per season.

The term Ive heard is seven years.

That puts Schneiders contract in the range of Corey Crawford, who got six years at $6 million annually from the Chicago Blackhawks after his Stanley Cup victory. The annual cap hit of $6 million is what Ryan Miller just received from the Vancouver Canucks to solve their goaltending issues, for you lovers of irony.

Schneider is on the last year of a 3-year, $12-million contract he signed with Vancouver.

The leverage that time was the threat of an offer sheet from someone like the Toronto Maple Leafs. The threat this time is the cornerstone of the Devils foundation for the future leaving via free agency. In both cases, Schneider will have been rewarded handsomely.

Please note that $6 million would be a higher annual salary than Brodeur ever earned with the Devils during the cap years. For what that's worth...

If true, sounds like a pretty good deal for both sides. $6 mill per may be a tad pricy but it isn't something too crazy.

From a few Devils fans I know, they say they're happy. Just a bit concerned with Schneider's play beyond regulation cause last year, the Devils were 0-16 I believe in the shootout and Cory had 12 OT losses. Other than that, they say they're not worried.

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Overpayment on term and a slight overpayment on money. Haven't any of the GMs around the league learned yet? 7-8 year deals are bad for your team. It makes it much harder to move a contract and get something in return. You lose all flexibility.

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http://sports.yahoo.com/blogs/nhl-puck-daddy/cory-schneider-break-bank-with-new-nj-devils-contract-180636525.html?utm_medium=referral&utm_source=t.co

If true, sounds like a pretty good deal for both sides. $6 mill per may be a tad pricy but it isn't something too crazy.

From a few Devils fans I know, they say they're happy. Just a bit concerned with Schneider's play beyond regulation cause last year, the Devils were 0-16 I believe in the shootout and Cory had 12 OT losses. Other than that, they say they're not worried.

New Jersey scored on only 3 of their 43 shootout attempts last year. Their shootout issues were definitely not due to goaltending.

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