Saku Koivu Re-signed to a 3-Year Deal

According to TSN.ca the Montreal Canadiens have re-signed Saku Koivu to a 3-year $14.75 million deal. He will make $4.75 million per season, a significant increase from the $3.42 million he was paid this year. The deal, moreover, will last until the end of the 2008-2009 season and also includes a no-trade clause.

My Take:

I like the way he plays and the courage that he has shown throughout his career. One only has to look at his comeback from cancer to lead the Habs to a playoff win over the Boston Bruins to see Koivu’s courage. However, the price the Habs paid for his services over the next three years is a bit steep. He has been prone to injury to say the least, and paying this much money for a player that will only play an average of 60 or so games a year is too much. The Habs should have waited until the off-season to see what the market would have been for Koivu’s services, which would have been less than what he was signed for. The money saved could have been used to obtain a sniper or a top-pair defenseman, two areas that the Habs have been perennially looking for upgrades. Moreover, he is not a first-line centre and has never put up numbers that warrant such a salary. Nevertheless, I am happy to see him stay in Montreal.

Source: http://www.tsn.ca/nhl/news_story/?ID=154448&hubname=


28 Responses to Saku Koivu Re-signed to a 3-Year Deal

  1. thunderbay says:

    #1 – way too much money

    #2 – why the no trade clause

    Bob, your spending money we should be putting aside for a true #1 centre and/or a top defenseman

    Why Bob, why ??

  2. Gretzkin says:

    Is it just me, or does the “Post Cancer” Saku Koivu have much darker hair than the “Pre Cancer” Saku?

    Anyhoo, it’s a good signing, though perhaps a bit pricey.

    Koivu doesn’t put up insane numbers, but he has proven to be a true leader. Vocally, by example, and surviving.

    Good signing, in my books.

  3. robinson19 says:

    Koivu has always been an emotional player, who can build momentum that makes him a better player than he is on paper. I think this is why he has been slumping without a contract. I also think that’s why they inked him for so long, for so expensive, and with a no-trade-clause. Look for him to ride that huge vote of confidence to a huge leadership contribution with the Habs.

    Also, people who criticize his numbers forget that his contribution was never supposed to be goals; he has over 300 assists in 500 games, and his secondary contribution is his intensity and heart, not goal-scoring.

    His only issue is the knees and groin, but that’s just a matter of luck, and you can’t bank or GM on luck, you’ve got to do the best you can on paper.

  4. Komic-J says:

    Well, I for one am happy to see Koivu back for 3 more seasons in Montreal. Sure, you could argue that he’s not a 1st line center…but I think he plays a bigger role than that…

    First of all, signing him for 3-years means his contract and Kovalev’s one will both end the same year. I can’t say I’m surprised that the Canadiens did that. In 3-years, the Perezhogin, Kostitsyn, Plekanec, Higgins and Komisarek will have more experience and maturity, while other prospect such as Latendresse and Chipchura will probably be 2nd-year players…Markov is quickly climbing the chart in the NHL and I think that Koivu is the perfect kind of player to help these young guys. Sure his offensive numbers may not be as high as you would hope, but…that’s Montreal I guess…

    Now, all the Habs need to do is…

    a) Get rid of some un-wanted players…

    b) Get one or two young prospect on defense (via trades, free agency or draft).

    c) Take a decision in Th├ędore’s case…

    …and before you know it, the Canadiens will be back where they belong; fighting for the 1st spot of their division, and the Top-4 of their conference.

    Overall…a great move. I thought he would sign for cheaper, but still a better decision than signing Radek Bonk…

  5. Muller11 says:

    Best thing Bob has ever done. Koviu is the team and without him we wouldn’t have any wins. He is the type of character player that we need more of. We need more heart on this team because the floating nobodies isn’t cutting it.

  6. pilourse says:

    No trade clause ?????

    Koivu have to bring new player if he want to deserve this salary…

    If Koivu is not able to convince other player to come in Montreal… we are in a huge pill of shit…

    I think that he want to finish his carreer in Montreal but the Habs have to think what is the best for them…

    Hope that Selanne or anyone else will come to Mtl…

  7. thatleafsguy says:

    Overpaid …….. and with a no trade clause to boot lol not a great move by gainey.

  8. mtl_prince says:

    to much money….

    if it were 4 mill a year i would say good deal.

    now were gonna be another 1.5 mill closer to the cap next season. although bob is sure to get rid of at least 1 overpriced player…i hope

  9. 19AVSFANFoLIFE19 says:

    how much is ed belfour making again?

  10. thatleafsguy says:

    that was pre cap era and his contract is up at the end of the year …..oh yeah and he has won a cup in the past….what has Koivu done?

  11. habs_punk says:

    I’m happy with this signing. Even at this price. Don’t have to worry about him testing the free agent market. He is the heart and soul of this team, the intangibles he brings are what makes this deal worth it.

  12. 19AVSFANFoLIFE19 says:

    shown he can be a leader and a good player. what has belfour done besides define the word inconsistent.

  13. thatleafsguy says:

    WON A CUP, are you illiterate?????? koivu has been to the playoffs like what 2 times, 3 times????? each of which consisting of a first or 2nd round exit i think…….hardly a 4.75 million doallr player, to me hes more in the 3 million dollar range……and PS wtf does ed belfour have to do with saku koivu’s contract????

  14. Hockey_Fan_99 says:

    oooooooo a cup pertty what else has he done in his life? Nothing? hes fortunate to be on stacked teams and have that win record if it werent for dallas having such a good team in the late 90’s belfour wouldnt have that cup i bet Dallas could have won that cup with Lalime in net

  15. movingfire says:

    Great signing. Koivu represent what you need in a captain. Tons of heart, loads of talent, and a point a game producer who always kicks it up a notch in key games, overtime, or playoffs. Remember, the cap is going up next year and teams will have more money to spend and not a lot of quality free agents to spend it on. Koivu could easily have been offered 5 million from some teams.

  16. 19AVSFANFoLIFE19 says:

    won a cup yes now name the players on that team and tell me if it was controversial or not? funny but toronto gave belfour that big fat contract so dont use the cap as an excuse. and yes koivu has been to the playoffs a few times he cant carry the team on his back hes a forward. only player who can is a goalie which is obvious did not happen when belfour got his cup.

  17. Hockey_Fan_99 says:

    LOL overpaid players talk from a leafs fan? LOL Kaberle just signed for 4.25 million WAAAAAAAAAAAAAY overpaid

  18. habsoverserver says:

    Prior to Dallas Belfour won a Calder, 2 Vezina and 3 Jennings trophies. He’s got the stats, if not the personality for the Hall of Fame.

  19. thunderbay says:

    loads of talent??????

    are you kidding me???

    Gainey is spending next years money with this signing. Gainey is sealing our fate of 5+ more years of being a 9th place team or worse

  20. habsoverserver says:

    Who was the bigger idiot? Gainey for overpaying or Koivu for staying with a loser when he could have jumped to a winner?

    For Gainey, it was safe thing to do. He would have lost Koivu for nothing in the off season, as, almost no one wants to come to Montreal to be under media scrunity, pay steep taxes and barely make the playoffs. Gainey had to overpay Koivu to stay with this team of underachieving losers.

    Dumb move by Koivu who could have gone somewhere better for a little less money and perhaps been surrounded by teammates who are committed to winning. Yes, it shows great loyalty but, this loyalty was bought with an above market contract that will hamper this team.

    I can’t think of a single player who signed an above market contract to join or reamain with a loser who didn’t regret it a year later.

  21. habsoverserver says:

    Belfour shut out the Sabres in game five of the finals and stopped 53 of 54 shots in game six. He outplayed Hasek, the best goalie of his era.

    I guess Avs fans had no reason to watch the Cup that year.

  22. FoppaFlyers21 says:

    Lol. Koivu’s not worth half that much money. The only players worth 4.whatever million a year just for wearing a “C” is Yzerman and Messier. He for sure isn’t getting paid that much for his “talent.” Terrible signing.

  23. 19AVSFANFoLIFE19 says:

    awwww thats cute funny thing is last time you won a stanley cup was in 93 with a goalie you gave to us for next to nothing. led us to 9 straight division titles 2 cups and a few conference finals. alot more then montreal has done since 96. dont use the excuse we havent won a cup since roy left us we only have had 1 year without him.

    Out played hasek for 2 games now can you tell me the other ones?

  24. habsoverserver says:

    Pathetic you could only win two Cups with Roy. When you consider that Roy won two with lousy Habs teams, you with think that a lineup of Avs Hall of Fame players could have done more.

    Belfour won four games and Hasek won two. Belfour was the dominant goalie in games five and six, the ones that mattered most. The fact that the game ended on a controversial goal is not Eddie’s fault.

  25. 19AVSFANFoLIFE19 says:

    we won 2 cups with roy cause the western conference had 2 teams with stacked lineups. dallas and detroit. the fact that it ended on a controversial goal makes it more pathetic that his only cup was controversial. how come he hasnt won it else where with decent teams?

  26. habs_punk says:

    Wow you’re negative. Why do you even pay attention to the Habs if you have no faith in them whatsoever?

  27. cecilturtle says:

    Shirley you could beat the Islanders without Koviu!

  28. habsoverserver says:

    Because I am a fan. I don’t have to follow blindly and cheer when they do stupid things. But, I’m not going to root for a different team just because the Habs are mired in a multiyear funk.

    The team is fixable with good management and disciplined coaching.

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