Alex Pietrangelo signs with Las Vegas: 7 years 8.8M AAV

[herman]

I’m told it’s $8.8 M x seven years for Pietrangelo in Vegas https://t.co/hVyz9OAzzw

— Pierre LeBrun (@PierreVLeBrun) October 12, 2020

Pietrangelo 7x$8.8M in LV

— Elliotte Friedman (@FriedgeHNIC) October 12, 2020

An $8.8M x 7 year contract is fair value for Pietrangelo, who should remain an elite defender for the next three seasons pic.twitter.com/rvZuCXAXps

— dom luszczyszyn (@domluszczyszyn) October 12, 2020

[Zee]

I'm told it?s $8.8 M x seven years for Pietrangelo in Vegas -- LeBrun

[herman]

Vegas proceeds to launch every Allan Walsh client into the market

[Guilt Trip]

Glad we didn't get him now. That's a big ticket. Time for the big salary dump for Vegas.

[Bender]

Anyone who thought we were in on this just wasn't thinking clearly.

[herman]

The off-season upper limit is $89.65M
(10% above the upper limit)

We currently estimate Vegas' off-season cap at $82,930,536. That would leave them $6,719,464 in off-season cap space.

Meaning Pietrangelo would either need to sign for $6.7M AAV, or Vegas has to trade someone.

— CapFriendly (@CapFriendly) October 11, 2020

All other GMs better refuse to trade anything or anyone unless they?re getting something legit and handsome.

[Guilt Trip]

Anyone who thought we were in on this just wasn't thinking clearly.

Well Dubas said they made their offer but Vegas wasn't going to be denied I guess. There had to be another team that made an offer because clearly St Louis was out, so why did Vegas have to go to 8.8?

[Guilt Trip]

The off-season upper limit is $89.65M
(10% above the upper limit)

We currently estimate Vegas' off-season cap at $82,930,536. That would leave them $6,719,464 in off-season cap space.

Meaning Pietrangelo would either need to sign for $6.7M AAV, or Vegas has to trade someone.

— CapFriendly (@CapFriendly) October 11, 2020

All other GMs better refuse to trade anything or anyone unless they?re getting something legit and handsome.

People's numbers are all over the place. CapFriendly has Vegas at 88.4 mill. I agree, teams should absolutely try and fleece Vegas here. Whitecloud for a 5th for us. That'll save them 750K lol.

[Bender]

Anyone who thought we were in on this just wasn't thinking clearly.

Well Dubas said they made their offer but Vegas wasn't going to be denied I guess. There had to be another team that made an offer because clearly St Louis was out, so why did Vegas have to go to 8.8?

The way he phrased it made it seem like he'd have to take a hometown discount to make it work.

[Guilt Trip]

Anyone who thought we were in on this just wasn't thinking clearly.

Well Dubas said they made their offer but Vegas wasn't going to be denied I guess. There had to be another team that made an offer because clearly St Louis was out, so why did Vegas have to go to 8.8?

The way he phrased it made it seem like he'd have to take a hometown discount to make it work.

For sure. He just kicked the tires.

[CarltonTheBear]

Alex Pietrangelo contract structure:

2020-21 $2 M salary plus $3 M SB
2021-22 $2 M salary plus $3 M SB
2022-23 $1 M salary plus $7 M SB
2023-24 $4.3 M salary plus $8 M SB
2024-25 $4.5 M salary plus $8 M SB
2025-26 $4 M salary plus $6 M SB
2026-27 $8.8 M salary

— Pierre LeBrun (@PierreVLeBrun) October 13, 2020

[Nik]

Anyone who thought we were in on this just wasn't thinking clearly.

Well Dubas said they made their offer but Vegas wasn't going to be denied I guess. There had to be another team that made an offer because clearly St Louis was out, so why did Vegas have to go to 8.8?

But St. Louis was out because of money, right? So Vegas' willingness to go to 8.8 is probably the reason Pietrangelo knew he could walk and still get his payday.

I'm sure the Leafs floated an offer but it sounds like it was dismissed pretty quickly which leads me to think it was a sort of "Hey, we'll offer you a super-undervalue deal which you can take and chase a cup/play in your hometown" shot in the dark.

[herman]

By most available accounts, Vegas was the only option. They had 8.25AAV on the table and following the visit, upped it to 8.8M for no other reason than to shorten the waffling time.

[Nik]

Getting someone to actually sign the deal seems like a pretty good reason to increase your offer.

[herman]

Getting someone to actually sign the deal seems like a pretty good reason to increase your offer.

Not sure what the rush was, especially because they had to sell Schmidt up the creek at a significant loss as a result.