Found July 02, 2012 on Queen City Sports:

Jordan Staal signed a 10-year contract with Carolina on July 1

July 1 is viewed by many as the best day of the hockey year.

It’s the beginning of free agency. You know, that time when teams are awarded the Stanley Cup based on the money they’ve spent to bring in, and likely overpay, players. However, this year was much different. On a day dubbed “Free Agent Frenzy”, July 1 was more lull and dull than any other in recent history.

While a large part of it has to do with teams waiting to see what Zach Parise and Ryan Suter do, it’s mostly due to the fact that this year’s free agent crop is thinner than a fishing line.

With so many long-term contracts being given out, it causes the free agent pool to be shallower than an empty swimming pool year after year. It really takes away the excitement of the day for many, but it also creates problems for many of the teams in the NHL. Something has to change.

Look at the number of players who are going to sign or have recently signed contracts that are 10 years long:

Sidney Crosby (12 years), Jordan Staal (10 years), Christian Ehrhoff (10 years), Johnathan Quick (10 years), Zach Parise (rumored to be 10-12 years), and Ryan Suter (rumored to be 10 years).  And that doesn’t even count the number of players who are signed for 6-plus years.

It’s about time the NHL starts limiting the length of new contracts. Take the NBA for example, they limit the length that a contract can be signed to five years. It’s perfect. It keeps the league and free agent market fresh.

Now, people may think that a five year limit is too short, but it makes sense for various reasons.

It allows the players to have the opportunity to play for more and bigger contracts than if they sign a 7-10 year deal.  It keeps the free agent market afloat with top name talent. Most importantly however, it gives teams that missed out previously to have another shot at a top name.

There is no reason to not have a term limit on contracts, and with a new Collective Bargaining Agreement, there’s no better time to implement one then now.

There is a major detraction to limiting the length of Free Agent contracts — a fan’s ability to latch on to a player.

Fans for every team in every sport want to be able to have that player on their team that will be there for years on end that they can support from start to finish. It’s a typical fan mindset that if you don’t sign a player long-term then they’re just going to leave to greener pastures of a different city. However, that’s not necessarily the case.

There’s no certainty that a player will leave once their 3 or 4 year contract expires. Maybe they love the city, the organization, the fans. That could be a big enough reason to stay. But the most important reason is still to win a championship.

If after a contract a player doesn’t feel like the team is committed to winning then he can leave if he so chooses. No matter what, length of contract or not, a player will stay or go if he wants. It kind of kills the “fanhood” argument.

To see all these decade long contracts being handed out kills one of the most thrilling parts of the season. No one wants to have to constantly give up players to add to their team. They want to sign new ones to go with the current roster. That’s what makes free agency great.

If there isn’t a limit on the length of a contract that is signed, then what will it look like four, five, or even six years from now when absolutely no prime talent is available on the free agent market.

It has to change, or the league is in trouble.

Now if only they could limit the amount of money a player can be paid too.


Hurricanes making push for key free agents

For the last three seasons, the Carolina Hurricanes have wandered in the playoff wilderness. This offseason general manager Jim Rutherford looks like hes not only trying to make sure that that doesnt happen again, but he looks like he wants to return the Hurricanes to being a serious player in the East. Having already pulled off the trade with Pittsburgh for center Jordan Staal...

Free Agent Frenzy: Schultz introduced, Staal, Smith sign

Justin Schultz has been introduced as an Edmonton Oiler after signing with them yesterday, and Jordan Staal and Ryan Smith are the two early signings from Free Agent Frenzy.As you probably already know, yesterday, "Schultz agreed to a two year entry-level contract with the Edmonton Oilers." - HockeyFanLand.The Oilers were also busy today as they signed fan favorite Ryan...

Hurricanes sign Jordan Staal to 10-year deal

RALEIGH, N.C. (AP) -- The Carolina Hurricanes have signed new center Jordan Staal to a 10-year contract extension. The Hurricanes marked the start of the free agency period Sunday by announcing a long-term deal for the star player they acquired from Pittsburgh in a draft-day trade just over a week ago. Staal will make 6 million per year under the deal, which begins with the 2013...

Hurricanes Sign Jordan Staal To 10 year/$60 million Deal

 It looks like the Staal brothers will be playing together for quite some time as the Carolina Hurricanes have inked Jordan Staal to a 10 year extension that officially kicks in at the start of the 2013-14 season. Staal will make $4.5 million in the final year of his current contract.  

Jordan Staal Agrees To Long-Term Contract With Carolina

via Jim Rutherford tweet, I’m very pleased we’ll be announcing shortly that Jordan Staal has committed to make his home in Carolina for a long time. via Bob McKenzie tweet, Jordan Staal agrees to terms with CAR. 10 years, $60M. Done

Hurricanes sign Staal to 10-year deal

The Carolina Hurricanes have signed new center Jordan Staal to a 10-year contract extension.

Hurricanes Sign Joe Corvo

Going into free agency this year, there were two moves that I hoped Jim Rutherford would make. First, I wanted him to put a lot of focus on players who would give the Hurricanes a good bargain for his money. This meant looking for free agents who wouldn't cost a lot but had decent upside and could provide a decent amount of value. In addition to that, I wanted Rutherford to sign...

Looks like Parise decision will come tomorrow

Via Molinari: Carolina GM Jim Rutherford says Parise decision on where to sign likely coming Monday. — Dave Molinari (@MolinariPG) July 1, 2012 A couple of things. 1. If you were signing off on where you were going to go for the prime of your career you'd probably wait a day too. 2. Interesting because Suter wasn't going to decide today either...

Hurricanes Free Agency Preview

Note: This article was meant to be posted on June 30th, but I lost power on Friday night and just had it restored today. Therefore, some of the information might be outdated.   By this time, you have probably seen the many of the in-depth articles I have written on certain needs that the Hurricanes have heading into free agency. When you finish last in the Southeast Division,...

Corvo returns to Hurricanes

Defenseman Joe Corvo will return to the Carolina Hurricanes for the third time, signing a one-year deal with the club Sunday. The Hurricanes also re-signed goaltender Justin Peters for two years and forward Brett Sutter to a one-year contract. Corvo, 35, played in 75 games for the Boston Bruins this past season and had four goals and 21 assists and was plus-10. During his nine...

Matt Karash: Open discussion blog - Jordan officially a long-timer

Just got home and checked in. From a Canes standpoint I see... Jordan Staal officially signed for 10 years at $60M. I don't think this is a discount (it's the same deal that the Pens offered him). I actually think it is a little high. But it is well within the range of reasonable and also an important thing to get done this summer. Ray Whitney signs for 2 years...

Canes Sign Joe Corvo And Justin Peters

via Carolina Hurricanes tweets, Canes agree to terms w defenseman Joe Corvo on a one-year contract. Canes agree to terms w goaltender Justin Peters on a two-year contract.

Matt Karash: Part 6: Evaluating the free agent options - forwards

This is an exciting time of year for people who like to play pretend GM or GM predictor. The Canes possibilities are all over the board heading into the free agent frenzy. History would say that the Canes already made their big move with Jordan Staal. But the local beat writer has mentioned Ryan Suter since then. And Rutherford has vaguely mentioned adding another forward...
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