Report: Giordano Camp Opens Extension Talks With $9M Asking Price

Earlier today, reports from our friends at TSN indicated that contract talks between the Calgary Flames and captain Mark Giordano have begun. And per TSN, the initial ask from Giordano’s camp is pretty hefty.

Reportedly, Team Giordano is beginning the conversation with an ask in the vicinity of $9 million.

Now, before you begin hyperventilating and rush to Calgary’s NHL Numbers page trying to make the cap hit work, let’s face facts. Right now, Mark Giordano is Calgary’s best player, and its beating heart, on and off the ice. He probably would’ve gone into this weekend as a two-time Norris Trophy nominee if he didn’t have horrible luck with freak injuries. Over the past two seasons, very few individuals have faced tougher competition and had the kind of counting stats that Giordano has had.

Here’s a brief look at cap hits of Giordano’s peer group, via our pals at NHL Numbers:

  • P.K. Subban: $9 million
  • Shea Weber: $7.857 million
  • Ryan Suter: $7.538 million
  • Kris Letang: $7.25 million
  • Drew Doughty: $7 million
  • Dion Phaneuf: $7 million
  • Zdeno Chara: $6.917 million

And Nations overlord Thomas Drance had this thought regarding Giordano’s actual comparables, should the Flames go ahead with the $9 million number.

If you ignore age and focus just on on-ice performance and cap hits, $9 million isn’t a terrible ask. If you take into account Mark Giordano’s age and Calgary’s cap situation going forward – particularly with names like Sean Monahan, Johnny Gaudreau and Kris Russell requiring new deals in the near-future – the main concern is probably term.

Will Mark Giordano’s play fall off a cliff over the next three seasons? I don’t have a crystal ball, but considering his track record and his reputation as being in tremendous shape, three seasons doesn’t sound terrible. I’d get nervous at anything longer than that, unless the Flames managed to get creative with term, or bonuses, or with the overall structure of the deal.

The Giordano camp seems to be on the right track. The Flames will probably try to get his cap hit down a bit with sentimentality, as home-town discounts are typically about keeping the proverbial band together, and the Flames are hell-bent on establishing their young core and keeping them together for awhile as they (ideally) make an attempt to win a championship.

I don’t think the Flames would be where they are without the on-ice and off-ice impacts of Mark Giordano, but I also think the composition of his impending contract extension will be critically important for the future of the franchise.

  • Christian Roatis

    Nothing to worry about, you always over exaggerate the initial ask in negotiations so you can barter down to the number you’re really comfortable with. Flames probably countered with 5, and they’ll go from there, both sides “compromising” when they both know their initial offers were full of hot air.

    No one opens negotiations with what they actually want.

  • Parallex

    He has missed significant time in 3 of the past 4 years. A rebuilding team doesn’t sign 32 year olds to enormous contracts. Right now, he is capable of bringing in needed pieces and his contract is very attractive. I know this sounds cold but 2-3 younger pieces moving forward versus 60 games from Gio at 8-9 million a season seems like good management.

  • BurningSensation

    I love Gio, but that’s too much.

    At that price, you might as well send Dougie Hamilton an offer sheet.

    I wonder what he’d be worth at the draft?

    • BigMcD

      Dam right!! Anything over 4 years at that price makes him expendable. I love gio but if he wants that kinda coin, he has to stay healthy. Norris trophy money, thats usaully given to guys that play more than 40 games a year. Stay fNN healthy if you want that cash. Trade him

    • Parallex

      too high. How do you think Brodie is going to feel? Could cause problems in the dressing room. At 9 mil I would try getting some missing pieces. We did alright when he was injured.

        • Matty Franchise Jr

          Brodie signed his agreement knowing that Wides is paid more and knowing that Gio would be paid significantly more I don’t see it as a problem. Rather he is likely saying good for Gio and boy that just pushed my next contact up significantly. He is also smart enough to know if the Flames sign a high profile defender in FA that this guy will make more than him.

  • everton fc

    It is just a start. It is how negotiations work. One side starts asking too much and the other offers too little.

    I believe we will get him for 7.5 M. However we will need to give him a bad term (for the Flames). 6 maybe 7 years.

  • Scary Gary

    Like Christian said, starting at 9 million is a negotiation tactic.

    He has one year remaining at $4.02 (32 years old), then I’m thinking the first three years at $8.25 (age 33-35), last two at $5.5 (age 36-37); five year, $35.75 million (7.15 cap hit). And even that’s a bit of a hometown discount.

    By 2021 the salary cap could be more than 5 million higher.

    • Byron Bader

      Yeah I agree. If he’s (his agent actually) starting at 9M knowing it’s high he would probably take 8M for 4-5 years. Throw one or two more years of term in there and something around the low to mid 7s will probably be the result.

      Didn’t Johansen start in the the 6M range last summer? Ended up at 4M.

      Just like the Backlund deal, this will be wrapped up before the summer and it’ll be as reasonable as we can hope for a Norris-caliber dman.

  • everton fc

    I hope it’s tactically, because he’s not worth it. And he’s missed time over the years. He’s not played a full season since 2010-11. And he’ll be 32 when the season starts.

    He’s trying to cash in when he can. Who wouldn’t? But if he plays hard ball, move him. He’d certainly be worth a high first round pick, and then some. But I think Scary Gary’s breakdown is a realistic one.

  • Graham

    He may be super fit but his physical style of play will really wear an older body. I wouldn’t be signing a long term contract, three to five years max at around 7 to 7.5. I’m quite happy to sell the asset high, the return would be stellar.

  • everton fc

    To me, the benchmarks Doughty. I’ll trade Gio straight up for him and so would anyone else. 7M x 4 years max.

    If that’s not good enough, trade him.

  • everton fc

    What a frightening start to what is going to be a pretty brutal negotiation. I love Gio as much as the next hockey fan but anything more than 3yrs/21Million is too much,given his age and injury history.

    This negotiation will also torpedo his trade value as no-one is going to offer anything close to a 5yr deal at 35-40 Million (I’m guessing that’s what he wants from the Flames).

    I can’t see how this can end well for the Flames.

  • BurningSensation

    Flames fans kill me.

    Giordano put up two Norris!! caliber seasons in a row, but Flames fans insist he should be paid like a second pairing guy, despite;

    – an abundance of Cap space (nobody has to leave because he is getting paid)
    – Gio’s locker room and off-ice contributions
    – his role as mentor to the younger Dmen (ask Brodie what he is worth)

    And let us be clear, he is both essential and irreplaceable to the club’s success.

    Just pay him already.

    Last but not least, it sure looks like it is the regulars around here (the wolf excepted) who understand that to win you need to get, and keep, good players.

    He’s really really good, so let’s keep him.

    • BurningSensation

      How old are Subban and Doughty? Gio is 33 when this contract would kick in. 7M x 4 years is not peanuts and it puts him squarely in the same neighborhood as Doughty, Weber and Suter. At 33 years old!!!!!!!!!

      I want to keep Gio and have stated so numerous times, but you have to have a line in the sand and 9M (if they stay firm and I’m not saying they will, just saying is all) for a 33 year old is insane.

      • BurningSensation

        Nothing insane aboug it;

        -It is legit what he is worth.

        – He’s worth way more to us than whatever we get in trade (unless Edm deals us the top pick, I dont mind an overpay)

        – We have more than enough cap-space

        – He instantly becomes our ‘human salary cap’

        – He keeps us relevant as a FA destination

        – His role/icetime on the team can’t be replaced

        There is literally zero downside to paying him fairly

  • BigMcD

    I don’t mind 9 mill or even 10 mill if he’s willing to sign a shorter contract like 3 years. At 33 when the contract starts, he only realistically has 3-4 years of being in Norris shape. Any longer than 4 years and the contract becomes a burden so load up the money now for shorter term. If he’s still as good as he is now, then we can re sign him.

  • BurningSensation

    Gio’s camp $9m, Flames start at $7, Gio’s $8.75, Flames $7.5, Gio $8.3, Flames $7.8, Gio $8.1 Flames okay x4,
    Done.

    He signs for somewhere between $8 and $8,25 for 4 years. Anthing longer means a lower cap hit.

    • BurningSensation

      I’d rather pay that for the 2-3 younger pieces we get for him than the 60 games or less we get from him. We held on to Iggy and akipper too long. Let’s not make the same mistake here. I would be more open to chasing him next June.

  • TheoForever

    And when I said that there is zero chance of getting Gio under 7$ million on a 4/5 year deal majority of people disagreed. Anyway, the opening salvo was huge. I don’t see it getting any lower than 7.5 or 7.75 per, on a 5 year deal.

  • BigMcD

    Injury prone defenseman averaged only 58 games per year over 4 years, and he is asking for 9 million as a starting point @ 32 years old!! 5 out of 7 years he has not played more than 64 games. Great dman but youre no good if you only play 80% of the games.

  • CutterMcAwesome

    Contracts don’t tend to get smaller… they get bigger. So using doughty as a comparable doesnt work. He’s going to end up somewhere around the 6.5-7.5 per year mark. The longer the contract the lower the number. Pretty simple stuff really.

    This wont bug brodie. Still have to play to your dollar value.

  • RKD

    Yeah it could be negotiation but I always imagined that Gio would be looking for north of $9 million because he feels his value is very high. He is better than Subban or Karlsson, not only is he a leader he plays both sides of the game at a very high level. Front loading the deal probably the way to go give him 9,9,8,8,5 for total of $45 million or add on some bogus years.