Photo Credits: Charles Krupa, AP
After an arbitration hearing on Friday between P.K. Subban and the Montreal Canadiens, a deal has been reached by the two parties. The deal is reportedly worth $72 million for 8 years. A contract that will keep Subban with them until he is 33.
This was the longest that they could sign Subban on for right now. But it is a much longer deal than what would be given if the arbitration deal had been needed. This contract will have Subban earning $9 million per year, and that does not include any endorsements or deals. This deal makes him the highest payed defenseman in the entire league. Not only that, but for the 2014-2015 season he is the third highest played player based on salary caps.
This deal is one that they needed to make, seeing as Subban is a great asset to the Hab’s. Fans were scared Friday after Don Meehan (Subban’s agent) announced that they were not going to go any further into negotiations. But both sides make out with a great deal.
In a statement released by the team, GM Marc Bergevin said
“We are very pleased to have reached a long term agreement with P.K. Subban. This agreement helps consolidate the future of our team. A key element of our group of young veterans, P.K. plays with a high level of intensity every time he steps onto the ice. Despite his young age, he carries a great deal of experience and brings contagious energy to the team. Defensemen of his level are a rare commodity in the NHL.”
The Canadiens have their star player (who had 14 points in the postseason this year), and P.K. has the contract that he wanted. So all is right for Hab’s fans; and some dreams are crushed for others, who hoped their team might have the chance of snagging the skilled d-man.