Lightning Re-sign Vasilevskiy
The Tampa Bay Lightning have re-signed goaltender Andrei Vasilevskiy to an eight-year, $76-million contract extension. The annual average value is $9.5 million.
SPECTOR’S NOTE: The Lightning wasted little time getting their starting goaltender under contract. It’s a significant raise for Vasilevskiy, who has a year remaining on his current deal worth an annual average value of $3.5 million. He was nominated for the Vezina Trophy in 2018 and 2019, winning the award last season.
At 25, Vasilevskiy should remain among the league’s elite goaltenders for the next decade. Some might wonder why he didn’t push for a higher AAV. A favorable tax situation in Florida combined with the Lightning’s position as a Stanley Cup contender probably contributed to his decision. He’s also tied with teammate Nikita Kucherov with the highest annual cap hit on the Lightning.
Reports indicate the deal is heavily bonus-laden. Cap Friendly has the details:
Andrei Vasilevskiy #Bolts
20-21: $8.5M SB -$3.5M base
21-22: $10M SB -$1M base
22-23: $6.5M SB -$4.5M base
23-24: $5M SB -$4M base
24-25: $4.5M SB -$5.5M base
25-26: $4M SB-$5M base
26-27: $3M SB-$5M base
27-28: $3M SB-$3M basehttps://t.co/6EqhbjwrLq pic.twitter.com/GkSQ0UGqt1
— CapFriendly (@CapFriendly) July 29, 2019
Vasilevskiy’s new deal also pushes the Lightning’s salary-cap payroll for 2020-21 to over $67 million invested in 13 players. That number will rise considerably once Brayden Point and Adam Erne are re-signed.
They won’t have much to re-sign defensemen Mikhail Sergachev and Erik Cernak and forwards Anthony Cirelli and Mathieu Joseph, who are slated to become RFAs in 2020. Looks like general manager Julien BriseBois faces another salary-cap juggling act next summer.