Elliott signed to 2 year extension

[thedoc]

Just got word the Blues just signed Elliott to a 2 year extension. Anyone have more details?

[kodos]

$1.8 million per year.

[thedoc]

$1.8 million per year.

If he keeps this up that might be the bargain of the century. Dmiles just reminded me that Halak and his contract will be up at the same time now. Making way for Allen perhaps?

[TheoSqua]

That's a pretty sweet deal.

[cardsfan04]

Army is making a VERY strong case for GM of the year.

This is short term and not a lot of money. If free agency started today, I bet he could get someone to give him something like 4 years, $15 mil or so.

[TheoSqua]

Halak's cap hit is 3.7 and Elliots is 1.8. Combined that 5.5m cap hit is still pretty low, it'd make them 14th in the league in overall Goalie cap hit, when they're 15th this season). Both players have had their best years when limited to 40-50 games. So if limiting both players games gives them the sort of year they're both having right now and only puts the team middle of the pack to pay for it, that's awesome.

Here's the cap hit of individual goalies on some teams:
Henrik Lundqvist: 6.875m
Cam Ward: 6.3m
Niklas Backstrom: 6m
Mikka Kiprusoff: 5.83m
Ilya Bryzgalov: 5..667m
Martin Brodeur: 5.2m
Tim Thomas: 5m
Marc-Andre Fluery: 5m
Jonas Hiller: 4.5m
Rick DiPietro: 4.5m

As for backups, 1.8m is about the going rate for a top notch backup.
Boston with Tukka Rask: 1.25m
Anahiem with Dan Ellis: 1.5m
Philly with Sergei Bobrovsky: 1.75m
Giguere: 1.25m

[AlsWoodenStick]

This should make him the 3rd highest paid "backup" in the league unless I missed something. I like it. The only thing that I don't like about it is that it means Bishop is farther away, but I suppose that's a good problem to have.

Edit: TheoSqua's post is nice, only thing to add would be for backups, the Sharks - Niittymaki at 2 MM.

[cardsfan04]

This should make him the 3rd highest paid "backup" in the league unless I missed something. I like it. The only thing that I don't like about it is that it means Bishop is farther away, but I suppose that's a good problem to have.

Definitely a good problem to have. As much as I would love Bishop to make it with the Blues, that seems like a bit of a longshot now. Maybe we can trade him for something?

[AlsWoodenStick]

This should make him the 3rd highest paid "backup" in the league unless I missed something. I like it. The only thing that I don't like about it is that it means Bishop is farther away, but I suppose that's a good problem to have.

Definitely a good problem to have. As much as I would love Bishop to make it with the Blues, that seems like a bit of a longshot now. Maybe we can trade him for something?

I don't know how much we could get out of him... Also, I would hate to miss just laughing every time I saw him stand up in goal with that huge frame. Anyway, good signing,

[Krigloch the Furious]

seriously, who cares about Bishop when these two are playing lights out?
Second best goalie tandom in the NHL? pretty frickin badass!

[cardsfan04]

This should make him the 3rd highest paid "backup" in the league unless I missed something. I like it. The only thing that I don't like about it is that it means Bishop is farther away, but I suppose that's a good problem to have.

Definitely a good problem to have. As much as I would love Bishop to make it with the Blues, that seems like a bit of a longshot now. Maybe we can trade him for something?

I don't know how much we could get out of him... Also, I would hate to miss just laughing every time I saw him stand up in goal with that huge frame. Anyway, good signing,

I don't know what we'd get out of him either, but he might be worth more to us in a trade than as an AHL starter unlikely to ever be the Blues starter.

[not_a_wings_fan]

This also makes elliot much more marketable at the trade deadline as he wouldn't be a rental player anymore.

With the goalie contracts as they are, we are in good shape if we keep them and can set ourselves up for a strong return if we move one.

[dmiles2186]

Armstrong is bucking the trend of the really long, cap-circumventing deals. He's giving players short, 'prove it' deals and then paying them once those deals are over. See the 5 year Backes deal. I have no complaints when it comes to Armstrong. The guy knows what he's doing.

[WaukeeBlues]

Armstrong is bucking the trend of the really long, cap-circumventing deals. He's giving players short, 'prove it' deals and then paying them once those deals are over. See the 5 year Backes deal. I have no complaints when it comes to Armstrong. The guy knows what he's doing.

And the price here is perfect. Elliott has been playing out of his mind so he's due a nice pay raise BUT he's "only" been doing it for half a season. I have no problem in the world with the $1.8 figure.

[DaDitka]

Obviously I'm shocked and if I were Elliot I would fire my agent ....

That said...GREAT move for the Blues and this probably does mean Bishop is gone. He did not take loosing out to Elliot very well this year and I can only imagine what this move did to him.

[cprice12]

Obviously I'm shocked and if I were Elliot I would fire my agent ....

That said...GREAT move for the Blues and this probably does mean Bishop is gone. He did not take loosing out to Elliot very well this year and I can only imagine what this move did to him.

It sounded to me like Elliott wanted this deal.
He wanted to get it done and he wanted a bit more stability after being with 3 teams over the last year or so.
He likes this team, he likes this system.
He knows he is the backup, and that's decent backup money. Maybe he makes a bit more as a free agent in the offseason IF he continues to play well, but I'm not sure how many teams would give him a ton more based on one season of solid play.

Most importantly, it's only a two year deal...which is good for both sides. I imagine he is thinking that he continues his solid play for two more seasons and establishes himself and let's everyone know this season isn't a fluke and then he can cash in then as Halak's replacement when Halak's contract is up or so somewhere as a free agent.

I think it's a great signing for both sides, in terms of money and length of contract.
It just gives us one more option at the end of Halak's contract.

[thedoc]

Obviously I'm shocked and if I were Elliot I would fire my agent ....

That said...GREAT move for the Blues and this probably does mean Bishop is gone. He did not take loosing out to Elliot very well this year and I can only imagine what this move did to him.

A bird in hand is worth more than two in the bush. 1.8 Million is a ton of money and if he did have a relapse (not expecting it) he would be back down to $600K. I would sleep better at night if I knew I had a guaranteed money.

[cprice12]

Obviously I'm shocked and if I were Elliot I would fire my agent ....

That said...GREAT move for the Blues and this probably does mean Bishop is gone. He did not take loosing out to Elliot very well this year and I can only imagine what this move did to him.

A bird in hand is worth more than two in the bush. 1.8 Million is a ton of money and if he did have a relapse (not expecting it) he would be back down to $600K. I would sleep better at night if I knew I had a guaranteed money.

He just tripled his salary from this year.
I don't care who you are...that's gotta make you happy.
And if he continues to play well, he may double it or even triple it again when his contract is up in two years.

[DaDitka]

And if he continues to play well, he may double it or even triple it again when his contract is up in two years.

I understand all of that....

But am I the only one that see's Halak becoming the pure #1 and taking more and more starts away from Elliot?

Baring an injury to Halak, there is now way Elliot's value is ever high then it is right now. Yes he got a lot 'more' money then he was getting, but he arguably could have gotten much, much more on the open market IMO.

If in fact he just really liked the situation here and the team here and therefore wanted this deal instead of trying to get a much larger one this offseason.....I have a new found respect for the guy. You simply don't see that enough in professional sports anymore.

[cprice12]

And if he continues to play well, he may double it or even triple it again when his contract is up in two years.

I understand all of that....

But am I the only one that see's Halak becoming the pure #1 and taking more and more starts away from Elliot?

Baring an injury to Halak, there is now way Elliot's value is ever high then it is right now. Yes he got a lot 'more' money then he was getting, but he arguably could have gotten much, much more on the open market IMO.

If in fact he just really liked the situation here and the team here and therefore wanted this deal instead of trying to get a much larger one this offseason.....I have a new found respect for the guy. You simply don't see that enough in professional sports anymore.

I think as long as Elliott is playing this well he will get a lot of starts to keep Halak fresh.
Sure, Halak should be the #1 guy and get most of the starts, but it could be and probably should be a 60/40 split if Elliott is playing as well as Halak is.

I'm not sure how much more he could have got after the season as a free agent. Yes his value is higher now, but few teams are going to give a huge contract to a guy after one good season. He'd probably get a little more, assuming he continues to play very well. He might have been able to get $2.5 million or so from someone, but it would only be for a couple years.
Nobody is going to give him a lot of money over a long contract yet. That may happen after he proves himself over time, over the next two years here.

He sees this team, this system, and how this is a team on the rise with a solid defensive scheme...and he has thrived here.
If he continues to play well, which I assume he feels he will under this system, in two years he should be able to sign a nice contract here or somewhere else and make more money than he would have if he went to free agency this offseason.

And I can't see him being traded either. Bishop may be on his way out in a package deal to help get a scoring forward.