Saturday: CapFriendly (via Twitter) provides a breakdown of the no-trade clause, noting that Fleury will be able to block a trade to ten teams each season.
Friday: The Vegas Golden Knights have locked up their goaltender, signing Marc-Andre Fleury to a three-year contract extension. Fleury still had one year remaining on his current contract, meaning this extension will kick in for the 2019-20 season. The deal will pay Fleury $21MM, and carry a cap hit of $7MM per season. It also includes a no-trade clause, though notably not a no-movement clause which was part of the reason Fleury ended up in Vegas in the first place. In the expansion draft process, teams were forced to protect players with no-movement clauses unless they agreed to waive it, something that Fleury did to help the Pittsburgh Penguins retain Matt Murray who would have been otherwise exposed. The Golden Knights won’t be in that same situation when the next expansion team comes around.
Instead, Fleury will continue to be the face of the NHL’s 31st franchise for a few more years. The 33-year old goaltender registered arguably the best season of his NHL career in 2017-18, when he fought through injury to lead the Golden Knights on a deep playoff run. In the regular season Fleury posted a .927 save percentage, the best full-season number of his career, and followed it up with the same number in the playoffs. That 20-game playoff run included four shutouts and just 47 goals allowed en route to a Stanley Cup Finals appearance in the franchise’ first season. Fleury is earning $5.75MM in the final year of his current contract but will get a healthy raise next year. Frank Seravalli of TSN gives us the yearly breakdown of the three-year extension:
- 2019-20: $8.5MM
- 2020-21: $6.5MM
- 2021-22: $6.0MM
Indeed there is more to Fleury than his on-ice performance. He, James Neal and Deryk Engelland were immediately raised up as the new faces of the Golden Knights organization, the first two for their star power and the latter for his ties to the community. Though that moniker may now be shifting to younger stars like William Karlsson, Jonathan Marchessault and Nate Schmidt, who broke out as legitimate stars this season, Fleury remains a big part of the marketing strategy for Vegas. His personality and charm have been raised up as something to celebrate for the Golden Knights, and with his healthy on-ice performance backing it up he has become an even bigger star than he was in Pittsburgh—despite having won three Stanley Cups with the Penguins.
That explains some of why the team gave him a huge raise, but this contract doesn’t come without concerns. The fact that Fleury had a career year for the Golden Knights helped them find great success, but it also likely means he won’t be able to replicate or improve on his numbers going forward. He’ll turn 34 before the first year of the extension kicks in, and 35 soon after it does. Goaltenders—especially elite ones—can often hold on to their peak performance longer than the average player, but with Fleury’s history of injury and already relatively long career there could be a big drop off coming. Fleury of course broke into the NHL at the age of 18 after being selected first overall and has already played in 737 regular season NHL games, good for 22nd all-time. Add in his 135 playoff contests (which rank sixth all-time) and he’s already played more than an entire career’s worth for many goaltenders.
The question then becomes does Vegas actually suffer financially if Fleury’s on-ice performance drops even somewhat. The $7MM cap hit would be incredibly difficult to swallow for many teams, but the Golden Knights are starting from nothing and have room to spare going forward. They’re still not close to reaching the salary cap ceiling in 2019-20, and can easily fit in an extension for Karlsson without trouble. The issue though comes on whether this is a model for sustained success. For all the Golden Knights accomplished this season, their prospect pipeline is still shallow despite some top-end names from the 2017 draft. After trading away several picks to add Tomas Tatar, they found themselves waiting until #61 to make a selection in 2018 and again until #99 to step up to the podium for a second time. Though they still have plenty of selections going forward, cap space and financial might was their biggest weapon in trade negotiations.
Fleury alone doesn’t remove that weapon, and in fact Vegas will still be able to hold some cap-pressed teams hostage if they want to. But with several of the moves over the last few months the team has come from one with almost no long-term money on the books, to one with quite a bit. A long-term deal for Karlsson, which will be buying out almost entirely free agent seasons will only increase the amount of future finances that are wrapped up, and limit their ability to weaponize that immense freedom and space.
Still, no one in Vegas is complaining today as they lock up one of their top performers. Without Fleury the Golden Knights may have been swept out of the playoffs early, and he certainly can provide plenty of experience and leadership during any potential struggles. The deal’s front-loaded nature would actually make it easier to move down the line if someone like Malcolm Subban takes a big step forward and assumes the starting role, and the team has more than enough room to handle it themselves. Still, Vegas has to be careful where they make their next few bets, or risk losing their house advantage.
Photo courtesy of USA Today Sports Images
andrewgauldin
Goalies of his caliber usually age pretty well. But still… $7MM for a guy who will turn 34 in the first month of the season… whatever, I am a Ducks fan, screw Vegas.
pawtucket
Too much. They have some good alternatives in their system. Vegas is blowing the gift of cap space they were given (and the gift of picks too) way to fast. The season they had is likely an illusion of being competitive for a while – they likely won’t be. Contracts like this (and trading those picks for Tatar) are a waste of resources.
JT19
Outside of Subban who else do they have that looks promising? Asking more so because I just don’t know much about Vegas’ goaltending pipeline.
vegasloveforthebills
Oscar Dansk- 3-0 without a shutout after Subban got hurt before he got injured. Re-upped him to league minimum for 2 years.
Manny LaGace- probably an AHL guy for the most part. But essentially kept their season afloat during Oct/Nov
Dylan Ferguson- late draft pick of Dallas, acquired in Methot deal.
Plus just signed Zach Fucale
sheff86
Says the fan who’s team signed Bone Us Hiller
andrewgauldin
Jonas Hiller? The dude was a solid goaltender, went to Calgary, then fell off the face of the earth
sheff86
OMG how many game 7’s at home can you lose? He was horrible. Ducks management is an absolute joke. How many olympians and two HOF’s in their prime and produced what?
Moonruins
I’m not a Ducks fan but they do have a Stanley cup this century.
Connorsoxfan
McPhee is lighting his assets on fire. It would’ve been fine if they won, but they didn’t and now they’re in the same boat as everyone else. Seattle better look at this and learn from McPhee’s mistake.
Kenleyfornia74
Vegas is blowing through their cap space and William Karlsson doesn’t even have a deal yet.
theeterps
This is so so true.
vegasloveforthebills
They are fine. They have essentially 15 million still with Karlsson, Theodore, Nosek and Carrier to sign. That’s probably about 12-13 million.
And even if they get closer to that number, they can still put Clarkson on LTIR, and open up another 5 million.
MikePLV10
link to spotrac.com
They will be fine. And can still afford FA.
66TheNumberOfTheBest
Going to Vegas was supposedly going to derail Marc’s HOF chances. Instead, it sealed it.
Vegas is so lucky to have him. Such a unique set of circumstances that led to him being exposed instead of traded to another team earlier.
Good for them, we have the banner.
Moonruins
I’m not a Ducks fan but they do have a Stanley cup this century.
Moonruins
Fleury is Fleury. His play dropped off against Washington. The season before last it dropped off against Ottawa and he was pulled. Then before that he was having playoff issues since 2009. He’ll never replicate the season hey just had either. Hey isn’t elite either as he was a throwaway goalie at the expansion draft.