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Subban Signs 2 Year Deal with Habs, Leaves $$$ on the Table
PK Subban has inked a 2 year extension with the Montreal Canadiens, thus putting to rest the numerous rumors surrounding his situation. After a long meditation process, PK decided to take the 2 year “bridge” offer that was on the table, worth $5.75M total. I call it a bridge offer as this contract bridges Subban from his initial contract to the multi year, multi million deal that he *deserves*.
First of all let’s analyze the payment allocation for the deal. $2M this season and $3.75M the next. This is very important, as this year salary is pro-rated for only 48 games. So by having a lower salary this season, PK is losing less money due to the lockout. Did Subban leave money on the table by taking this deal and not testing the offer sheet market? Perhaps: I certainly see a team like Philly or Edmonton throwing some big money at PK.
But by doing so, PK stayed true to his word that he would not consider any possible offer sheet scenarios and that the Canadiens are the team he loves and for who he wants to play for. The fans will certainly appreciate this gesture, even though they were growing impatient with PK not signing.
Spoke to a source from PK’s entourage and asked about the main factors that helped Subban take the decision to sign the 2 year deal. One of the main factors was social media and fan pressure. PK read his Twitter every day apparently and was not immune to the wide range of comments sent his way. Another determinant factor was the team’s current success, which PK wants to be a part of. Finally, a good conversation with his friend Carey Price helped tip the scales; Carey apparently mentioned his very own bridge contract…
So here we are, with PK off the market and inked by the Montreal Canadiens. It’ll be interesting to see how this affects Markov’s playing time (who got 29:30 minutes last night) and his utilization on the power play. Also interesting to see what happens with Diaz (5 points in his first 4 games) and with Kaberle and his large contract.
Regardless, welcome back to the Montreal Canadiens, P.K. Time now for you to earn that big contract.