Sundin giving Canucks $1.4m discount

 

New contract, pro-rated over full season, worth $8.6 million

 
 
 
 
Mats Sundin agreed to a creative contract that, pro-rated over a full season, is worth $8.6 million.
 

Mats Sundin agreed to a creative contract that, pro-rated over a full season, is worth $8.6 million.

Photograph by: Shaun Best/Reuters files

Mats Sundin is giving the Vancouver Canucks a $1.4-million US discount, The Vancouver Sun has learned. The Swedish free agent agreed to a creative contract that, pro-rated over a full season, is worth $8.6 million.

The National Hockey League team had a long-standing $10-million-per-season offer on the table to the 37-year-old, but Sundin agreed this week to take less when Canucks general manager Mike Gillis asked for some salary flexibility that would allow him to add more players.

The one-year deal is structured so Sundin will receive a $4-million signing bonus in January. His salary, technically, is $1.6 million, which based on the days remaining during the regular season will pay him $1 million. In total, Sundin will earn $5 million, which is equivalent to $8.6 million over a full season.

The salary-cap hit of $5 million leaves Gillis about $2.5 million below the NHL’s $56.7 million pay limit as of today. The Canucks, however, are carrying extra players due to injuries. Vancouver’s cap number will decrease slightly as players return from injury and the roster count goes down, so Gillis could have more than $3 million to spend. And that gives the Canucks enough money to land another impact player before the trading deadline on March 3.

Sundin will join the Canucks on Dec. 27.

imacintyre@vancouversun.com

 
 
 
 
 
 
 
Mats Sundin agreed to a creative contract that, pro-rated over a full season, is worth $8.6 million.
 

Mats Sundin agreed to a creative contract that, pro-rated over a full season, is worth $8.6 million.

Photograph by: Shaun Best/Reuters files

 
 
 
 
 
 
 
Bui Nelson
 
December 19, 2008 - 4:59 PM
 
 Mats Sundin has, in my books anyway, can feel as proud as any player who has hoisted the cup by choosing a team from Canada to continue his proffesion with. With his decision he has put him in a class a bit above any canadian born player that jumped the border just before some records that for many years were thought to never be broke.There is always a reason why I would to see a specific team win the cup,but, his decision to play here puts him at the top of my ladder and hopefully someone passes him the cup. thank you, Mats Sundin.
   
 
east van dude
 
December 19, 2008 - 4:32 PM
 
 Why is this front page news? Does this paper cater to violence loving neanderthals?
   
 
bob sac
 
December 19, 2008 - 4:03 PM
 
 dont get your hopes up. bald guys with crazy smiles are not that predictable.
   
 
Scotty Mac
 
December 19, 2008 - 3:58 PM
 
 Way to go Matts - You were all about being a Leaf - The leafs now get nothing for you tenure with them - Hope you win that cup you wished you had won with the leafs - Party on wayne!
   
 
Tony B
 
December 19, 2008 - 1:14 PM
 
 For that price, why not get two Mats...
   
 
Richard Goold
 
December 19, 2008 - 1:05 PM
 
  Great! A great fit. Not the same thing as the Mike and Mark circus. The Sedins are a great second line and we will see it with Sundin centring the #1. They want to make sure that Luongo gets back into perfect health and not push him too early. We may after all get that cup!
   
 
 
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