Toews, Kane, Blackhawks Agree To Extensions

Kane Toews NYR white celebrate

On Wednesday the Blackhawks announced eight-year contracts with forwards Jonathan Toews and Patrick Kane. The deals will carry matching $10.5M cap hits.

toewsandkane

The contracts will begin with the 2015-16 season, and will be the highest cap hits in the NHL.

When Toews and Kane arrived as teenagers, the Blackhawks couldn’t fill the building and hadn’t sniffed the postseason in almost a full decade. A few short years later, both players have a Conn Smythe on their resume and the Blackhawks are one of the premiere franchises in hockey.

It is because the Blackhawks selected Toews and Kane in consecutive drafts that they are a force in the league, and they deserve every penny of these contracts.

Here are some comments provided on the Blackhawks’ site:

Chairman Rocky Wirtz:

“When we started our journey we made a commitment to our fans to be relevant and to see the Chicago Blackhawks become the best professional hockey organization. There are not two finer symbols of that than Jonathan Toews and Patrick Kane. The commitment we have made to these incredible young men is equal to the commitment they have made to our team, our fans, our entire organization and the city of Chicago. We are excited for our future and proud that they will continue to be a part of that commitment and success for years to come.”

President and CEO John McDonough:

“The signings of Jonathan and Patrick symbolize an important milestone in franchise history. We are driven by the pursuit of consistent excellence and today is a huge step forward.”

Vice President and General Manager Stan Bowman:

“Jonathan and Patrick have become cornerstones of this franchise during their time in Chicago. We are excited to ensure they will continue to lead our organization for years to come.”

Jonathan Toews:

“I could not be more grateful for the amazing moments and opportunities I’ve been given by the Chicago Blackhawks. There’s no organization in sports that cares more about the overall experience of their fans and the success of their players. To have the chance to continue with this amazing group of teammates and people throughout the organization is an incredible honor. There’s nothing we want more as players than to continue to win Stanley Cups for the best hockey fans on the planet.”

Patrick Kane:

“It’s great to be able to continue my career in Chicago. Playing with the best organization in sports and the best fans in the game is a blessing. Since I was drafted by the Blackhawks, the people of Chicago have really embraced me and treated me with nothing but respect. I look forward to many more years of success with the Blackhawks.”

CAA Co-Head of Hockey Pat Brisson:

“Jonathan and Patrick are among the most dynamic and impactful players in the NHL today. The great support the Blackhawks organization has shown them over the past seven years has been instrumental to their accomplishments on the ice. It has been a great partnership and we look forward to continued success.”

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32 Responses to Toews, Kane, Blackhawks Agree To Extensions

  1. EbonyRaptor says:

    Hallelujah! It’s done. Toews and Kane for at least 9 more seasons – I’m a very happy Hawks fan.

  2. Fan since 2010 says:

    Fan til 2024!!

  3. RedTopParking says:

    Excellent job, front office. This is just about what we all expected, slightly higher even for our two superstars. Of course they’re worth it. 88 and 19 will hang in the rafters one day. Now on to the next job: moving out some cap. I still hope we keep Nick Leddy. After the short list of untouchables (you know who they are), nearly anyone could go right now.

  4. Mike says:

    8/$84mm so $10.5mm Cap hit. This is a bargain. I am actually surprised the number is not higher. Rocky must have assured them that he will spend to the Cap to keep the team in contention for a long long time. Either player could have received more from another team. It will take a season or two to absorb the $21mm Cap hit but glad it is done.

  5. Frolik Navidad says:

    Great News

    It will be interesting to see what Saad asks for next year. With the cap going up and with his size and potential, I could see teams offering big deals for him. Hopefully he wants to remain part of the core but I wonder who is on the short list of trade candidates for next year (i.e. Not oduya and rozy)
    The order is probably 23 ,29, 8, 10, 7 and maybe 50 down the road but unlikely
    I love all five players but the salary cap leaves no prisoners. The only real untouchables I see (or the new core) are 19, 88, 2 at the forefront and 20,4 behind them.
    Regardless of what Rufus probably thinks I think most fans would believe those five players in the new core are good enough to contend with with good complementary players (the next 16, 28, 65, 8/51 type)

  6. HawksNation4All says:

    Woohoo! Thank goodness. I knew it would get done but it’s a huge relief nonetheless to know that the core, not to mention the heart (19) and soul (88) of the Blackhawks, will be here throughout the prime of their careers. As long as that is the case, the Hawks will be contenders, so it will be the composition of the rest of the roster which will determine the Blackhawks chances at the Stanley Cup on any given year. Go Blackhawks!

  7. Sr. Brad says:

    Mike, I don’t see this as any bargain, but we are fortunate to have both Toews and Kane locked up for the rest of their careers. I said before this process began the MAX the Hawks could afford to spend on both of them was $10.5 million per season each…and that’s what they got, which tells us that their agent wanted MORE. The ONLY way that this works is if the CAP goes to $75 million next year (which Tab seems sure it will) and the Hawks trade Oduya, and resign Smith, Rannta and Morin…they have done all of this except trade Oduya, which will come in the next little while.

    This still keeps us tight to the CAP, but at $75 million next season, we will be able to afford the Saad extension and then replace Richards with TT…so good work Stan and now we just have to hope for the $75 million #

  8. Negzz says:

    $500k/yr too much imo, but can live with it. Going to affect the Saad negotiations and will also affect the “value” mentality of all A/B quality players (not to mention the stars/Blue-chips). For example, Keith’s looks like a steal over lifetime of contract and will make valued role players like Bickell’s $4M contract look cheap over next 2 years.

    Bottom line, all boats rise with the growing cap (as it is designed to work.) That said, have to hope there’s no snags in TV $$.. Will see if Hawks can produce the ELC players that contribute in meaningful way and keep us competitive.

  9. Moonshiner says:

    I am glad they will stay in Chicago, but with 21 mil. just for 2 players, it will be tough to ice contending team every year. Just to calm down a bit, imagine this possible situation for the season 2017-18:
    1) Cap is 69 mil. again – after the rising to 74 mil. for 2015-16 it changed direction, as people just can’t pay more for tickets and thanks to the economical situation they have more important problems to care about.
    2) 1 of our lucky boys (19, 88) is hampered by the nagging injury and it is not sure he will be able come back to his usual form anytime.
    3) Hossa’s game declined mightily, but hawks could not trade him before, as they need to control his destiny to avoid the retained salary cap hit.
    4) Keith it step slower than 4 years before, which uncover his posession deficiency in a big way.
    5) Craw is not in game anymore, tired to let hung out to dry too often.
    Remember, we are paying 38 mil. just to 5 players, mostly with assumption their performance will stay on top for the whole contract length, but they are all humans after all…
    To get it out of me, I hope I will be able to see these guys hold several more Old Stanley’s in hawks uniform, we will just need our prospects to step up a lot next year and year after to keep dynasty rolling…

  10. JS says:

    Actual ticket sales are pretty insignificant when it comes to how much money a league is making. The NHL destroys the NBA in attendance, but the NHL can’t draw shit on TV. TV is where you make your money. So for those thinking the “bubble will burst” because of the Blackhawks high priced tickets… no.

    These deals always seem way too big at first. A few years from now after the Kopitar’s and Subban’s get paid, it won’t be a thing. Look at the value for Duncan Keith now. Look at the value for Doughty. So it is.

  11. shaacul says:

    I would prefer shorter contract for same money, if they have some healt issues or their productivity will fall like Lecavalier thay can bacame stink to the fans.
    BTW I love it to seen how PR works, a year ago if somebody say over a 9 milion or even close to 10 everybody was like : ” No way, it´s too much”. You need few leaked information and 10,5 is a great deal for most of the fans now.

  12. Fan since 2010 says:

    You guys thinks its possible to get the Stanley cup trophy back every year until 2024 now?

  13. Scottie P says:

    Fan Since 2010 yes I do. The hawks will win 10 in a row. Your jokes have been played out since 2010.

  14. morrison says:

    Sr Brad,
    I to think the cap will be around 75/76.

  15. Tab Bamford says:

    When considering cap growth, remember we haven’t see the impact of the new (enormous) Canadian television deal on HRR yet…

    Also of note: the NHL’s contract for jerseys w/ Reebok runs thru 2016-17. If Nike wants to either take that business (like they did for the NFL) or jack up the bid on Adidas (the parent company of Reebok, who may replace Reebok as the logo on the jerseys), that’s another bump in HRR coming soon.

  16. Ratboy36isaPanther says:

    10.8 is grand larceny.12 mill 19 whatever they’re worth it. You have the whole city worshipping this team.LOL they got people so infatuated with the Blackhawks People are lying to themselves that they’ve always been huge fans.I mean what’s a resurrection of a franchise worth? Thanks for the home discount Boys.We love ya.

  17. Mike says:

    Moonshiner, any of that or even all of that could happen. That’s life. You build a system and churn players. If the Hawks can continue to fill their system with good (they don’t have to be great) young players, the Hawks will be competitive for years. Yes 15-16 and 16-17 might be tough seasons due to the Cap and 19, 88 and 20. However, we have young player who can keep us competitive. Signing a great FA or trading for a star player is easier (assuming you have the Cap space) than drafting and developing. SB has shown a good propensity to do both.

    Believe it or not, the Cap has done a lot to expand the sport we love. The NHL is competitive almost top to bottom. And with the Cap Floor increasing the league will become even more competitive.

    JS is right. TV is key and the NHL has a long way to go. Smaller market teams are so local that 25 miles out of town no one cares. BUT, a more competitive league, star players with some personality, rule changes that attempt to reduce the number of whistles and a faster more offensive minded game is starting to draw more fans.

    If 19 or 88 were MLB or NBA players, $25-$30mm would be their salaries.

  18. morrison says:

    Tab,
    (sorry about that post there.)

    Good point about the jersey contracts, could add even more to cap when that would transition.

  19. Tab Bamford says:

    Great perspective from Ken Campbell at The Hockey News:

    “Think about it. [The Hawks] have not one, but two once-in-a-generation talents who agreed to take far lower than what their market value would be on long-term deals. That shows that, like all of us, they really like money. But what it also shows is that they really want to continue a winning thing in Chicago and were willing to leave money on the table in order to help the Blackhawks keep them under the salary cap. Lots of money.”

  20. Morgzie says:

    What is the impact of the signing bonuses v. regular salary on the cap situation? Anyone got any insights?

  21. EbonyRaptor says:

    Yeah – I’m curious about the signing bonuses too. I read somewhere that around $40M were signing bonuses – is that correct? What does that mean – that they get that money now and the rest of the $84M is paid out over the 8 years of the contract? What if one of them decides to retire – are there recapture penalties?

    Color me confused.

  22. Sr. Brad says:

    Tab, that is why I said that both players gave the Hawks a “home town” discount last contract…ANY contract signed with the home team, for superstars, is a discount, because any other franchise would have to overpay just to pry them away…however, at $10.5 million per season with a CURRENT Cap at $69 million, its too much and won’t work…thus the key is next year’s Cap ceiling…I would have been more confident had the Cap risen for this season up to at least $71.5-72 million as many projected.

    Even at $75 million next year, with Saad resigned, Oduya traded, Richards unsigned and TT promoted, along with at least one, if not 2 new DMen from Rockford, this will only give Bowman an extra $1.2-$1.6 million in “play” space…so tight is the operative word.

  23. hawkfacts says:

    This is why the Hawks will continue to win.

    In a year, Saad replaces an aging Sharp for half the cost and Teravainen replaces Saad on an entry level contract. The Sharp trade gets you some good picks and the points production for the Hawks will stay the same or maybe even get better. The cycle continues and meanwhile you have two great stars through their prime whose percentage of the cap will continue to go down and down.

    Out of all the teams out there, only Anaheim and Los Angeles have figured out that development and getting out in front of the stars’ salaries ensures long-term success.

  24. morrison says:

    I saw somewhere 44m was the signing bonus. I am not sure right now but do not think its anything like the bonus penalty type thing. Need more details on the contracts…

    They must get that 44m at first and the rest (40) is spread over the 8 yrs at 5m/yr.

  25. Tim G says:

    ER- Without haven’t seen the actual contract figures its hard to determine, but i would assume the contract isnt Front loaded the way Keith’s and Hossa’s are. I would assume their saleries’ and Cap Hits are Identical, thus there would be issue with Recapture. Recapture was designed to prevent teams from saying “i’ll give you 5 years at 25 million (5 Mil cap hit) and pay it out 21 million in one year”, and then the guys retires after 2 years cuz he has 22 Million in his pocket but the team only paid 5 Mil to the cap for those 2 years.

    As it looks like these contracts stand, 19/88’s salaries (Yearly average of Signing Bonues payout + Average Salary) will be 10.5 and thats the projected cap hit for them… so if I understand it right… since the hawks are paying every dime they spend on these to towards the cap, there would be no recapture should one or both retire in the next 9 years.

  26. EbonyRaptor says:

    Tim G – then it would seem that using a signing bonus could be used to circumvent the spirit of the rule put in place against the front loaded contracts. The CBA limiting the length of contracts to 7/8 years prevents the extreme front loaded contract problem, but the signing bonus could still be used to pay the player a huge amount up front as an incentive to sign with them and that player could retire before the term of the contract is up and walk away with much more than the team charged against the Cap. Still seems fishy to me.

  27. Tim G says:

    Er- I’ll admit, im not 100% on the offical rules and stuff… but i think because signing bonues are factored into the cap hit, it doenst affect recapture… i could be wrong though.

    My understanding of recaputre was that if a players salary (average of signing bonus + amount made with game checks) was less than the cap hit, then Recapture comes into play. I guess we wont know for sure until the official contract lingo is out there…

  28. Tab Bamford says:

    first comment with some specifics about the signing bonuses of 19 & 88:

  29. Tab Bamford says:

  30. Tim G says:

    So it wouild look like at some point (either all 5 of the last years or just some of them) they will make less than their cap hit, so the recapture may come into play. That said, they are 25 and 26 so that would make them 34/35 when these contracts end. So they should play them out in full…

  31. Tab Bamford says:

    (According to information told to ESPN.com’s Pierre LeBrun by a source)

    2015-16 — Signing bonus at $7 million + salary at $6.8 million = $13.8 million

    2016-17 — Signing bonus at $6 million + salary at $7.8 million = $13.8 million

    2017-18 — Signing bonus at $6 million + salary at $7.8 million = $13.8 million

    2018-19 — Signing bonus at $6 million + salary at $6 million = $12 million

    2019-20 — Signing bonus at $6 million + salary at $3.8 million = $9.8 million

    2020-21 — Signing bonus at $5 million + salary at $2 million = $7 million

    2021-22 — Signing bonus at $4 million + salary at $2.9 million = $6.9 million

    2022-23 — Signing bonus at $4 million + salary at $2.9 million = $6.9 million

    Total signing bonuses: $44 million

    Total salaries: $40 million

    The Blackhawks will have an average cap hit of $10.5 million per season over the eight years.

  32. Big Indian says:

    Eddie O said some interesting things on the radio this morning. He was asked point blank if Sharp could breathe easier now and assume no trade is forthcoming, as well as some other guys. Eddie evaded the question with respect to individual players, but said there’s no guarantee what the cap will be, and that Bowman’s job will be to stay under the cap and have room this next season, and going into the 2015-16 season. He described the Blackhawks as technically being $2M over the cap right as of this minute, and hinted that something would be done to eliminate the current $2M and also leave space underneath for the season after that. Therefore, he said, without saying, that trades are still to come.

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