01.06.2006
McCabe signs lucrative deal
Defenceman inks contract extension that will pay him $5.8-million a year
The Toronto Maple Leafs have agreed on a five-year contract extension with Bryan McCabe that will see the hard-shooting defenceman earn $5.8-million (all figures U.S.) a season.
Sources from both sides confirmed yesterday that McCabe's lucrative deal will contain not only a no-trade clause, but a restriction on the Maple Leafs' buying him out of the contract before its term expires.
McCabe would have been an unrestricted free agent on July 1.
With McCabe locked up, the Maple Leafs management has now committed more than $21-million in salary to 12 players for the 2006-07 National Hockey League season.
Next year's salary cap is expected to fall between $43-million and $46-million.
This will take the Leafs out of the bidding for defencemen such as Wade Redden and Zdeno Chara of the Ottawa Senators, who both could become unrestricted free agents on July 1.
Maple Leafs captain Mats Sundin said at the end of the regular season that he wanted the team to re-sign McCabe.
By making McCabe, who will turn 31 a week from today, the best-paid defenceman on the club, the Leafs indicated they deem him more valuable than 28-year-old Tomas Kaberle, who was inked to a five-year, $4.25-million-a-season deal three months ago.
Both players participated in the Olympics, but it was the pass-first Kaberle who returned to the Leafs and flourished with three goals and 19 assists in the final 25 NHL regular-season games.
McCabe, on the other hand, scored only twice and registered 14 assists after Turin.
But McCabe did finish third among league defenceman in points with 68. Kaberle was tied for fourth at 67.
The Maple Leafs missed the playoffs this season for the first time since 1998.
Much of the blame was laid on a January tailspin during which they lost seven of nine games that McCabe missed with a groin injury.
McCabe never wanted to go elsewhere.
"I love it here," he said in March. "I want to be here."
McCabe has 95 goals and 243 assists in 781 NHL games. He previously played for the New York Islanders, who drafted him 40th overall in 1993, the Vancouver Canucks and the Chicago Blackhawks.
Chicago traded him to Toronto in October of 2000 for Alexander Karpovtsev and Toronto's fourth-round choice (Vladimir Gusev) in the 2001 entry draft.
Meanwhile, the Leafs have informed chief amateur scout Barry Trapp that his contract will not be renewed at the end of June.
Trapp, who will turn 65 on Aug. 14, was a former minor-league teammate of Pat Quinn, the former Maple Leafs coach who was fired two days after the regular season concluded.
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NHL agents get good news from NHLPA on revenue
The NHL's revenue will surpass initial projections by $300-million, the players association told agents at a meeting yesterday.
The National Hockey League Players' Association's executive director, Ted Saskin, met with 115 agents during a nine-hour gathering and provided good news to the player representatives. The final numbers won't be tallied until the end of June, but league-wide revenue will likely exceed $2.1-billion, easily topping the $1.8-billion estimated for this season in the new collective labour agreement.
The larger revenue figure also means this year's $39-million salary cap will go up for next season, likely to between $43-million and $45-million.
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