I’m sorry, I don’t care what sport it is — $124 million is a lot of money. It was a lot when KG signed his big money contract for around that amount, it was a lot when Barry Zito did it, it was a ton when MLS sold their heart and soul for Beckham, and now it’s especially a lot for the Caps with Ovechkin. Yes, you saw the news correctly, the Capitals signed Alexander Ovechkin to a 13-year, $124 million deal Thursday. The deal breaks down to $9 million a year the first six years, and $10 million a year the following seven. Really, on an annual basis, it’s not too bad. But on the surface, for an NHL team to commit $124 million to a player makes you scratch your head.
It’s good to see a team like the Caps make a commitment to lock up their star player. Ovechkin is right behind Crosby as the young stud in the league. It’s also a good sign for the Caps to have enough faith in the economics of the league where they would make such a deal. Let’s be real: $124 million is a lot of money — as I said — for any team to pay in any sport. The deal might leave you poking fun at the Caps and the NHL, but it’s a great sign. It shows that the NHL is back and generating enough income for such a contract to be paid. Either that or the Caps are going out of business.
Related posts
More Hot Stories at larrybrownsports.comThis entry was posted on Friday, January 11th, 2008 and is filed under Hockey. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Well, I gotta say it’s a good deal. Ovie is only 22years old. Unlike football, this is a sport where a stud player will continue to excel at a high level for a long time. Goalies are a different story though, they can be more along the lines of RBs, QBs or pitchers.
Teddy is rich, he can afford this. I wonder how much of that is guaranteed money or is it like an NFL contract where they can cut him loose in a few years if he’s isn’t the 2nd coming.
The Caps are for real, and are doing this to give Gilbert hope to resign in Washington.
At least, that’s what I hope.
[...] be one of them, though it wasn’t on a field. I talked recently about the Caps dishing out a 13-year $124 million contract to sign stud Alexander Ovechkin. Now we have all the proof we ever needed to know why they made the [...]