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07/19/2010 - Raleigh, NC (Sportsbook Betting Lines) - The Carolina Hurricanes have signed center Riley Nash to a three-year, entry-level contract.
The deal will pay Nash $550,000 in 2010-11, $600,000 in 2011-12 and $700,000 in 2012-13 at the NHL level.
He will be paid $65,000 at the American Hockey League level in all three seasons and will also receive a $262,500 signing bonus.
The 21-year-old Nash scored 12 goals and added 23 assists in 30 games as a junior at Cornell last season. In his three seasons with the Big Red, the Consort, Alberta native recorded 37 goals and 65 helpers in 102 games.
"Riley has excellent playmaking ability from the center position, and was a consistent point-producer at Cornell," said assistant general manager Jason Karmanos. "He'll have an opportunity during training camp to earn a spot on our NHL roster."
He was originally selected 21st overall by Edmonton in the 2007 NHL Entry Draft and was acquired last month by the Hurricanes in exchange for the 46th overall pick in the 2010 NHL Entry Draft.
<< Celtics re-sign Nate Robinson
Boston, MA (Sportsbook Betting Lines) - The Boston Celtics have re-signed guard Nate
Robinson.
Terms of the deal were not released, but the Boston Herald reported last week
that the diminutive guard agreed to a two-year, $8 million pact.
Bosto
<< Padres extend manager Black's contract
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres announced Monday that
they have extended manager Bud Black's contract through the 2013 season with
club options for the 2014 and 2015 campaigns.
"I am really happy to announce that
<< Liverpool wins race to sign Joe Cole
Liverpool, England (Sportsbook Betting Lines) - Former Chelsea midfielder Joe Cole has
agreed to sign a four-year contract with Liverpool, the club announced on
Monday.
The 28-year-old Cole left the Blues last month after he was not offered a
<< Kovalchuk heading back to New Jersey
Newark, NJ (Sportsbook Betting Lines) - Ilya Kovalchuk is heading back to New Jersey and
will re-sign with the Devils.
According to the team's website, the Devils will hold a Tuesday afternoon
press conference at the Prudential Center to make it
Zenyatta continues in first, Life At Ten enters NTRA Poll >>
New York, NY (Sportsbook Betting Lines) - As the 2010 thoroughbred racing season enters
the heart of the summer programs, Zenyatta remains the leader in the NTRA
National Poll for week 20. The top 10 features one new addition with five-
year-ol
Cho named new Blazers general manager >>
Portland, OR (Sportsbook Betting Lines) - The Portland Trail Blazers have named Rich Cho
as the team's new general manager.
No financial terms of the deal were announced.
Cho had spent the past nine seasons as assistant GM of the Seattle
Arena fills out MLS All-Star roster >>
New York, NY (Sportsbook Betting Lines) - MLS commissioner Don Garber and MLS All-Star
Team head coach Bruce Arena of the Los Angeles Galaxy made their selections to
complete the 23-man 2010 MLS All-Star roster on Monday.
The MLS All-Stars will take
Miyazato replaces Kerr as women's No. 1 >>
Philadelphia, PA (Sportsbook Betting Lines) - Ai Miyazato has replaced Cristie Kerr atop
the world rankings for women's golf.
The two players are just about tied, with Miyazato holding a lead of 0.0006
average points over Kerr.
Kerr snatched t
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In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
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