The Rangers announced Friday they have agreed to terms with Jacob Trouba. Signing this deal avoids the July 25 arbitration hearing. The only player still to undergo an arb hearing, unless a deal is reached prior, is Pavel Buchnevich on July 29.
OFFICIAL: #NYR have agreed to terms with restricted free agent defenseman Jacob Trouba. pic.twitter.com/dPbd5caoeR
— New York Rangers (@NYRangers) July 19, 2019
#LGR pic.twitter.com/2qq6gutJHf
— New York Rangers (@NYRangers) July 19, 2019
Details of the agreement came out shortly after the announcement of the deal and it's a whopper:
— Elliotte Friedman (@FriedgeHNIC) July 19, 2019
#NYR and RFA Dman Jacob Trouba avoid salary arbitration(JULY 25) agreeing on a new 7 year $56-million deal with an AAV of $8-million. pic.twitter.com/Fi1OIaovm9
— SiriusXM NHL Network Radio (@SiriusXMNHL) July 19, 2019
Year by year salaries:
Trouba Contract:
— PuckPedia (@PuckPedia) July 19, 2019
19-20: $4M Salary, $8M Signing Bonus
20-21: $2M Salary, $8M SB
21-22: $2M Salary, $6M SB
22-23: $6M Salary
23-24: $8M Salary
24-25: $6M Salary
25-26: $6M Salary
NMC Clause 20-21 to 23-24. Limited No Trade Years 6/7https://t.co/mpJUQTcaqt
Graphical representation:
— Shayna (@hayyyshayyy) July 19, 2019
Comparable contracts:
Jacob Trouba
— CapFriendly (@CapFriendly) July 19, 2019
New York #Rangers
7 years x $8M
Most comparable contracts:
Player (Signing team)
1. Pietrangelo (STL)
2. Ekblad (FLA)
3. Leddy (NYI)
4. Subban (MTL) https://t.co/wO75b4aUCt pic.twitter.com/rpRHt7RBNf
An advanced metrics look at the contract shows a $3.1 million profit:
This is what I wrote on July 5 as to potential contract for Trouba, so the $8 million is in line with expectations:
Trouba last season made $5.5 million as a Winnipeg Jet. One year away from unrestricted free agency, Trouba is likely to sign a long-term deal with New York. It’s possible he takes a one year deal at a mild raise with a handshake agreement to sign a long term deal in January in the expected $7.5-$8 million range. But doing so puts him at risk to losing that contract if he suffers an injury or if he plays well, he could want a bigger contract, impacting the Rangers.
I wrote similar on July 9:
If Trouba does opt a one-year handshake deal, sort of like what Henrik Lundqvist signed before he inked his long-term deal that following January, figure the contract will be in the $6.5 million range, saving New York about 1 million. To me, as I noted above, that happening is a long shot. I would prefer the two sides don’t make it to arbitration, avoiding the contentiousness that existed between Trouba and Winnipeg. A six- or seven-year deal in the $7.5-8 million range, eating up much of the Rangers’ available cap space, is the probable end result. Don’t be surprised if we see a deal made to free up cap room just before Trouba is signed if the longer dated contract is the end result.
As seen above and in the blogs, we had predicted seven years between $7.5-$8.5 million, so this is right in the middle of that range. A bit higher than I would have liked, as it was hoping that it would be towards the lower end of that spread and maybe even below that. But as we see, the market price for a top price d-man, depending on your view, is high, as evidenced by the contract. I also get overpaying your own player slightly, which might have been the case here. Yes, I do find it an overpayment, but just slight, unlike some of the other contracts the team dished out in the past, especially in free agency. In addition, I am not a fan of the NMC Clause from 20-21 to 23-24 or limited no-trade clause in years six and seven, but that may have been the way the deal was kept at $8 million and not beyond.
Jacob Trouba (7x8m with NYR) is a good second-pair defender. pic.twitter.com/epIVnGARkE
— Micah Blake McCurdy (@IneffectiveMath) July 19, 2019
Rangers current cap situation:
After signing Trouba at 7 years x $8M, we now show the #Rangers with a projected cap hit of $82.4M, which is $906k above the upper limit, with a roster of 22 (13F 7D 2G)
— CapFriendly (@CapFriendly) July 19, 2019
Unsigned RFAs remaining:
F Lemieux
F Buchnevich
F Lettieri
D Deangelohttps://t.co/QZwIPWiV0y pic.twitter.com/ourAFDO3e4
Updated with terms for Trouba #NYR pic.twitter.com/SP7KWaB8nJ
— Shayna (@hayyyshayyy) July 19, 2019
Now New York needs to clear cap room, so expect a deal shortly. The Rangers can go 10% above the cap during the summer. But that means a contract or two have to go, either in buyout or by trade and the longer this goes, the harder it will be to move one and less the return received. This could mean Chris Kreider goes or a possible buyout of Marc Staal, Brendan Smith and Kevin Shattenkirk and/or a trade of Vladislav Namestnikov. The next two weeks or so until Buchnevich's arb hearing and buyout period ends will have us refreshing Twitter repeatedly to obtain the updated news. I believe that Rangers' secondary buyout window opens three days after Buchnevich is either signed prior to or post arb hearing and lasts two days. Stay tuned, I will be posting blogs as warranted.
