Flames sign Sean Monahan to seven-year deal ($6.375m AAV)

The Calgary Flames got one gigantic piece of unfinished business officially out of the way on Friday, signing alternate captain and 2013 first round selection Sean Monahan to a seven-year deal. While terms weren’t officially announced by the club, Sportsnet’s Elliotte Friedman had the cap hit scoop.

That cap hit would put the overall value of the deal at roughly $44.625 million. The contract covers three years of potential unrestricted free agency for Monahan.

The contract expires in 2013, at which point Monahan will have been in the NHL for a full decade.

The sixth selection in the 2013 NHL Draft, Monahan has quietly been one of the Flames’ most consistent offensive players since cracking their roster out of camp in 2013-14 with seasons of 22, 31 and 27 goals. He leads the entire 2013 draft class in goals and points with 21 more goals than Nathan MacKinnon and six more points. It’s probably not shocking given those totals that he managed to get $75,000 more per season on his new deal than MacKinnon did when he re-upped with the Colorado Avalanche earlier this summer.

While my analysis earlier this week projected his cap hit at between $5.4 and $5.8 million, I expected things to come in a bit closer to $6.5 million when everything was said and done due to his status as the team’s top center, his reliability as a scorer, and his general prominence and importance to the franchise. It came in a bit beneath that number, which is probably a good sign – and likely due to Brad Treliving’s tenacity as a negotiator, which we saw in the spring during the Mark Jankowski negotiations (when the GM didn’t bend on burning the first year of that entry-level deal).

Monahan’s by no means a complete player, but he’s also not nearly a finished product. He’ll be celebrating his 22nd birthday when the Flames begin their regular season against the Edmonton Oilers on October 12. With a brand-new coaching staff and a long-term deal out of the way, it’ll be interesting to see how he continues to develop.

As for the big pieces on Flames’ off-season checklist? One down, one to go.

(Oh, and Freddie Hamilton, too.)

  • Captain Ron

    Very happy with this deal. Right where I thought it would be and 7 years is great for us!

    Johnny will be a bit more I figure around 6.5 to 6.75 per and if we can get 7 years all the better!

    • #97Train/McDavidCopperfield

      Why do you think he should make that ? Who are your comparables?He will slot right in with Ryan O’Rielly , and Tarasenko at 7.5 /year.

    • RealMcHockeyReturns

      Funny stuff. While the team may want Gio the highest paid as veteran leader and captain, Johnny is a real superstar so gets $7.2 to $7.8 per year on a 6 to 8 year deal. Bank on it.

    • RealMcHockeyReturns

      Funny stuff. While the team may want Gio the highest paid as veteran leader and captain, Johnny is a real superstar so gets $7.2 to $7.8 per year on a 6 to 8 year deal. Bank on it.

    • piscera.infada

      You were on a good roll, and then you just couldn’t help yourself…

      The Flames had three RFAs left to sign: Monahan, Gaudreau, and F. Hamilton.

      Hamilton is simply an effective replacement player. No more, no less, and every team needs them. I’m not sure why you had to be a goof about it.

    • ChinookArchYYC

      I agree. Compared to his brother, an elite level, top 10 defensemen that every single team not named Boston would fall over to have at $5M/yr, Freddie is a fringe player. Still you need inexpensive depth at every position and that’s where Freddie is valuable.

    • Jake the Snail

      Selective reading again? Look at line above above and see the statement: “One down, one to go.” i.e. Johnny Gaudreau….Freddy is an afterthought, but a better replacement player than Yakupov!

    • Greatsave

      And he’ll be due a massive pay-day in the prime of his career then, if it pans out the way we hope it will.

      Interestingly, here are when our top guys’ current deals will expire:

      Brodie 2020

      Hamilton 2021

      Giordano 2022

      Monahan 2023

      Thus, my bold prediction: Gaudreau signs a 6-year deal for $7.4375m AAV. Matching total dollar amount with Monahan, but one year shorter.

      That will land his expiry on 2022, when Giordano will be turning 39 and unlikely to command anything close to his current $6.75m deal, freeing up space to re-up Gaudreau further, at the age of 29.

  • Greatsave

    Alternatively, the Flames currently have no contracts due to expire 2019. Might they and Gaudreau actually agree to a 3-year bridge deal? Say, at Monahan’s AAV?

    Personally, I’d prefer they went longer and kept 2019 open as an option for a 2-year Bennett bridge deal next summer.

    • supra steve

      If Matt Tkachuk is an NHLer this season, he will be up for renewal in 2019, and up for a healthy raise (we hope).

      Also, probably in Flames best interests to pursue a long term deal with Bennett next summer, rather than give him another 2 years to really make his mark in the league.

      • Greatsave

        Or if Tkachuk slides a year, that makes 2020 and both Brouwer and Frolik will be up for renewal that summer. Plus Brodie. That makes a lot of names, but it also opens up the possibility that either Brouwer or Frolik (or both) are not retained.

        As for Bennett, a lot depends on his performance this coming season, of course. Too soon to say what’s best. If he has another season in the 40-50 points range, probably both sides would be interested in a bridge deal.

  • Greatsave

    Millions and Custance both suggesting on Twitter that Gaudreau’s AAV will not exceed Giordano’s. Didn’t specify length though. Millions cites some secret “team policy” we the public are obviously not privy to.

    Anyone else buying this?

    Thinking about it now, Gaudreau coming out and saying he’ll participate in the World Cup with or without a contract in place kind of scares me. Almost a sign that one or both sides foresee this actually dragging on through the World Cup.

    • MarbledBlueCheese

      I’m guessing the World Cup story making the news is a negotiation tactic. “Doesn’t bother my client that he’s not signed yet, in fact, he’s getting his own insurance! And won’t negotiate with you during the World Cup to boot!” Pressuring Treliving, theoretically.

      • supra steve

        What kind of price does an insurance company place on the kind of insurance that would cover a hockey player’s 50+ million dollar contract (in case of catastrophic injury)? I’m betting this deal gets done before the World Cup.

  • Slowmo

    OK so I hate to burst every bodies bubble but JH will be traded before season begins. I know nobody wants to hear that but he is doing everything he can to push himself out of the realm of possibility for the Flames to sign him. I hate to even say such a crazy thing but JH wants very badly to head back to Philly so he will make it impossible for us. My suggestion is to trade him to Buffalo for Eyecl and and perhaps a top D or forward and there first next yr. I think Philly has some good players as well but when a so called team players does such a thing we should do the same. I do hope he signs here but not holding my breath.

  • Slowmo

    Nope I knew he would sign here he made it very clear where he wanted to be, Not so much with JH he says wheat he is suppose to but you could tell with Mono he was sincere. JMO trust it isn’t worth much 😉

    • Baalzamon

      Aside from the fact that Gaudreau has said, repeatedly, that he wants to stay here long term, why would he leave now? He could have left as a free agent coming out of College, but he didn’t. What has changed in your imagination?

    • piscera.infada

      So you could tell one was sincere, and the other wasn’t?

      I’m not sure if you’re holding it against Gaudreau that he’s not “a good Canadian boy”, or if that’s just a trash take all around.