The Unique Details Of Patrick Kane's New Contract
Great news for Hockeytown—Patrick Kane is staying put. He has agreed to a new contract, which is a one-year deal valued at 6.5 million in average annual value (AAV). This contract, which will keep him with the Detroit Red Wings, includes a number of unique details.
What is the Cap Hit?
Kane's cap hit in this contract is 4 million dollars and it is only for the 2024/25 NHL season. In the entire 6.5 million AVV contract, 61.5% of that contract is guaranteed for Kane. His bonuses are what stand out the most.
What Are His Bonuses in his Contract?
1.5 million at 10 Games
250K if he plays 60 games
500K if the Detroit Red Wings make playoffs
250k for 60 points and playoffs
Among the bonuses mentioned, the most probable ones he will achieve are playing 10 games and Detroit making the playoffs. Detroit's goal is likely 'Playoffs or Bust' since they improved last season but narrowly missed out. The 10-game bonus seems certain, as Kane is expected to be a 2nd/3rd line player and should reach this target. However, I am less confident about the 60-game bonuses, considering his hip problems, other injuries, and the fact that he is currently 35 years old.
Throughout the next season, I will track Patrick Kane's bonuses to see if he secures the bag. I hope he does and nets an extra $2.5 million in the bank.
Is There Any Trade Clause?
In this new contract, Kane has secured a full no-trade clause with the team, meaning he cannot be traded during the term of the agreement without players permission. This is consistent with the previous deal from November last year, which also included a no-trade clause. Therefore, it's not surprising that Kane and his agent have insisted on its inclusion in the current deal as well.
That sums up Patrick Kane's entire deal. It's a solid signing for the Detroit Red Wings, who needed to maintain Kane's veteran presence in the locker room. What are your thoughts on the contract? Which bonuses do you think Kane will receive in this contract? Share your opinions in the comment section, and don't forget to like the article and explore more sports content on Stadium Rant.
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