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Brian Duff’s Blog: Mike Richards contract will be critical moving forward

Mike Richards is averaging better than a point per game this season. (Photo by Len Redkoles/NHLI via Getty Images)

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Mike Richards is averaging better than a point per game this season. (Photo by Len Redkoles/NHLI via Getty Images)

When Mike Richards signed a 12-year contract extension worth $69 million dollars in December, an important standard was set.

While it wasn’t the first time we had seen a deal of this length, and though it has already been trumped by the Alex Ovechkin extension, the Richards pact could be the most significant “comparable” contract as the game moves forward.

The eyebrow-raising aspect of it at the time was Richards, the 24th overall pick in 2003, had posted just 66 pts in 138 games over his first two seasons. Yet two excellent months at a point-a-game clip netted the player a virtual lifetime deal with an annual salary cap hit to the team of $5.75 million.

No one ever questioned Richards’ makeup as a player. He possesses all the attributes one would envision for a future captain and those intangibles will never be accurately measured by statistics. And yet on stats alone it has clearly been a case of so far so good for both parties.

Agent Pat Morris deemed Richards’ deal unique and he didn’t feel it would trigger a trend for other players. He may be right, but there’s no harm in looking at players who could potentially – and in some cases surprisingly – win the long-term lottery at an early stage of their careers.

The following are under contract through the 2008-09 season and will likely be extended prior to reaching RFA status. To what extent? We shall see.
 
Evgeni Malkin, Pittsburgh, second overall in 2004 (174 points in 147 games). Forget Richards money, Crosby-type dollars await.

Anze Kopitar
, Los Angeles, 11th overall in 2005 (127 points in 141 games). The face of the franchise moving forward? He has to be one of them, but will it come at the expense of Mike Cammalleri, who is often mentioned in trade rumors.

Paul Stastny, Colorado, 44th overall in 2005 (133 points in 135 games). The least talked about young star in this game. The numbers suggest he may be Colorado’s next franchise player.

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Phil Kessel, Boston, fifth overall in 2006 (61 points in 137 games). The energy level in his game is much higher right now and the potential for him to be a game-breaker in years to come seems far more apparent.

Alexander Radulov, Nashville, 15th overall in 2004 (89 points in 131 games). Already a top-line player, the six-year/$27-million dollar extension for David Legwand will probably pale in comparison to Radulov’s next deal.

Drew Stafford, Buffalo, 13th overall in 2004 (56 points in 92 games). A variety of injuries have slowed his progression, but a hot streak and consistent first-line employment could quickly change his status.

Jiri Hudler, Detroit, 58th overall in 2002 (66 points in 159 games). Will he ever be a go-to guy for the Wings? Still hard to gauge given he plays less than 13 minutes per night.

Jordan Staal, Pittsburgh, second overall in 2006 (65 points in 150 games). So young and yet so highly regarded. Will the Penguins have the money to keep him and everybody else happy?

David Booth, Florida, 53rd overall in 2004 (44 points in 109 games). Watch any Panthers game and he will be the player you notice. Over, and over, and over again.
 
Brandon Dubinsky, Rangers, 60th overall in 2004 (32 points in 68 games). Still a rookie, but in the second year of his entry level contract. The ability to play with Jagr, and seemingly make him happy again, has put this kid on the map.

Travis Zajac, New Jersey, 20th overall in 2004 (74 points in 147 games). One wonders if a breakout is around the corner for a player who’s on a team that could use an offensive boost. We know this, though; the Devils don’t do Richards type deals.

Brian Duff is a host of the NHL Network’s ‘On the Fly’ and host of Leafs Lunch on AM 640 Toronto Radio.

COMMENTS (10)

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sudzy93 Posted
(2009-04-30 06:05:07)



Richards is a beauty. Philly has such an awesome future, it's almost a who's who of canadian world junior players on that team. Mikey is gonna be a big time player, next yzerman anyone?
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Kjetil Aasland Posted
(2009-04-30 06:05:00)



An interesting aspect of these contracts is their potential to let teams structure their future for very long periods, no? If you have a young, rebuilding team and are building around a core of highly regarded young players, you probably also have plenty of cap space. These deals can let a team absorb a greater part of the cost at a time when they have the cap-space to easily do so, while ensuring that the same players are comparatively cheap when they reach their prime. Plus, you get predictability for that part of your lineup for a long period ahead, and that too is at a premium when the wage structure has become such a complex problem. And finally, if Richards becomes more or less the player he is expected to be, he will be a steal at 5.75m when he is 30-32 - and hence an extremely valuable asset, even if the Flyers should at that point prefer to trade him. It only works of course as long as the players you give that kind of contract to more or less meet their potential, although even there you can escape from the worst consequences of abject failure by means of contract buyout (provided of course you have ownership who are willing to part with tens of millions of dollars to repair the mistake). And ultimately, you have to get that kind of player drafted as well as correctly assess his development and potential once he is. Which seems to bring us back to scouting again, and the importance of draft picks under the cap system.
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Brad K Posted
(2009-04-30 06:04:57)



Hey Joe W, do you even follow hockey? Not worth 'that money'?! He leads the team in points and short handed goals, is second on the team in game winning goals and 5th in power play goals. Not to mention second on the team in +/- with a plus 14. When a guy out performs last years most wanted free agent Danny Briere with the potential to get even better, then yeah I think he's worth 'that money'.
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Wings Fan Posted
(2009-04-30 06:04:57)



You ALL make me laugh. I don't watch comedy central I watch the Flyers play. HA, Ha. Detroit: Where being 1st Place is our buisness! thanks for the laugh guys and don't worry Joe W I get it wrong somtimes too. Ha Ha Ha Ha!!
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Philly Willie Posted
(2009-04-30 06:04:57)



You should make your article more clear. Your not showing his stats for this year, when the contract was signed. During the 07-08 season Richards has 66 points in 62 games well worth the contract. I spoke with a Scout for the NHL Central Scouting, his name escapes me, he said he wouldn't trade Richards for Phaneuf. That speaks volumes in my opinion
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robert Posted
(2009-04-30 06:04:56)



Im so glad to see Richards getting his props and that guy Jon or Joe w is an idiot you cant deny the intangibles he brings to the team.
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Joe W Posted
(2009-04-30 06:04:55)



Richards is not worth that money. Other players on that team are, but he is'nt.
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glenn t Posted
(2009-04-30 06:04:55)



5 years from now when Mike Richards is averaging better than a point per game at the price of 5.75 mil per year and when the high end salary is around 9 or 10 mil per year he will be considered on of the better deals in hockey. I think you will see more and more contracts like this because for these calibre type players it works for both parties.
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Chris Bettridge Posted
(2009-04-30 06:04:55)



Forget Philly, Mike Richards will captain team Canada one day. This guy has skill, grit, passion and the kind of heart you can't teach. $5.75 mill.? Bargain... And he could've been a Leaf... DAMN YOU FERGUSON! DAMN YOUUUU!
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james boston Posted
(2009-04-30 06:04:55)



Richards is worth the coin.Thats the new NHL.Pay for their services while they're in their prime as opposed to paying them huge amounts for what they've already accomplished.I hope the Bruins pay Kessel enough cash.I also hope they dont wait till the last minute.4-4.5 sounds good for him over 4 years.5 years max.He needs to learn how to use his teammates though...many times i see him go flying in and he doesnt use his wingers.Or maybe the coach has to use him differently.With say a play-making center.Kessel is better on the wing so he can take one timers/deke/wrist shot from in close.He has excellent potential this kid.
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