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Submitted 344 days ago...

sidelko

sidelko

Brain (3,031)

Is 12 years to long for a sports contract?

I just read an article about how Keith Richards signed a 12 year deal with the Flyers. 12 years old, and he is 22 years old. This deal will run through the 2019-2020 season.

http://sports.espn.go.com/nhl/news/story?id=3153967

The deal is supposedly worth 69 Million dollars.

You have to ask, will he get bored playing in philly and want a trade at sometime. what if he gets injured or goes into a big slump. it is a big gamble either way.

What do you think?

 
 
 

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Answer 1 / 10

Submitted 344 days ago...

Ruchele

Ruchele

Brain (3,118)

The coach says "We believe that he will continue to grow as a player and as a leader."

Then Keith says "I am very happy to be part of the organization for hopefully the rest of my career"

This makes me thing they have more long term plans for him than just playing.

 

Answer 2 / 10

Submitted 344 days ago...

jackmanwhy

jackmanwhy

New User (3)

Rick DiPietro signed a 15 year deal worth $70 million - but i think that was signed a year ago.

i did not realize contracts were signed for such lengths. what is the longest sports contract ever (in any sport?)

do i need to ask a new question for this?

 

Answer 3 / 10

Submitted 344 days ago...

sidelko

sidelko

Brain (3,031)

That is a good question. I don't know what the longest is. But 15 and 12 years are pretty darn long.

You should ask a question for it.

 

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Answer 4 / 10

Submitted 344 days ago...

andrew

andrew

Contributor (97)

Its a great way to pay someone a lot - but not all this year. If he does not play in years 10, 11, 12, you've sacrificed a little for a good player today. Since the cap is somewhere around $40 or $50 million - this is a good short term strategy for paying someone boatloads to play for you. It sells your team a little short in the long run though. With revenue sharing, I'm not sure what the exact salary cap is for the NHL right now. The minimum pay is $34.3 million for this year (07 - 08), though I don't see an upper limit. I'm also not positive on payroll when it comes to being hurt and not being able to play. This might have a factor too.?

 

Answer 5 / 10

Submitted 344 days ago...

andrew

andrew

Contributor (97)

Rick - no you don't need to ask a question for this. You can let it ride here, or open a completely new question. It's your call. Here is your answer though, it's Rick DiPietro as of Sept 2006 for the NHL

http://www.buzzle.com/editorials/9-12-2006-108559.asp

I'm almost shocked there is not one contract that has "extended for the lifetime of the player". Seems smart enough if you have a star on your hands. Then again, sports players only play for so much time, so a 25 year contract lasts more than the lifetime of the player. (why pay $70 million over 15 years when you can pay $70 million over 30 years?)

Finally, looking into this - Magic Johnson signed a 25 year contract as well back in 1985.

 

Answer 6 / 10

Submitted 344 days ago...

sidelko

sidelko

Brain (3,031)

So you are saying that Magic Johnson is still playing in the NBA?

 

Answer 7 / 10

Submitted 344 days ago...

Jodi-Mesa

Jodi-Mesa

Brain (2,795)

It's hard to imagine you'll make enough money off signing contracts like that. What if they get a major injury. I understand wanting to hold on to big name, athletes don't normally get better with age after a few years.

 

Answer 8 / 10

Submitted 344 days ago...

sidelko

sidelko

Brain (3,031)

That is a long deal that Rick DiPietro signed. Which team and league did he sign that with?

 

Answer 9 / 10

Submitted 337 days ago...

JOBU'S RUM

JOBU'S RUM

Contributor (106)

Contracts mean nothing in pro sports - regardless If it is one year or a hundred. Coaches and players change teams each year. Look at Petrino and Saban. Petrino signed "contracts" that were 20 yerars (total) in duration for three different teams all within three years.

 

Answer 10 / 10

Submitted 337 days ago...

RunnerGuy

RunnerGuy

Contributor (176)

I think it is way to long.

To much can change. People can change. Priorities can change. Sponsorships can change. Skill levels can change.

The NBA has a law in place, that prevents players to sign long term deals past the age of 36 I think it is. The Denver Nuggets are running into this problem trying to keep Alan Iverson for a few more years.

 

This Question was awarded 281 days ago therefore you can no longer post an Answer. However you may post a comment below.

 

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