An interminable arbitration proceeding between Mark Messier and the Vancouver Canucks has been decided in Messier’s favor with the Hall of Famer being awarded $6 million. The dispute dates back to Messier’s uninspiring tenure with the Canucks from 1997-2000.
Messier only played for three of the five years of his contract and was bought out for $2 million. The contract originally paid $30 million at $6 million per year. However, his contract reportedly contained a clause that guaranteed Messier additional pay if the team’s value increased during the tenure of his full contract. The reported clause was the basis of the dispute with his former team.
Well-known sports arbitrator George Nicolau presided over the case. The recent decision was taken after meetings earlier in 2012 with both sides of the dispute.
In 2011 Forbes magazine listed the value of the Canucks operation at $300 million. The team had a value of $100 million in 1999 according to Forbes. Former team owner John McC...