Report: Golden Knights to sign Alex Pietrangelo to 7-year, $61.6 million contract
Alex Pietrangelo joins the Vegas Golden Knights.
According to multiple reports (including Athletic's Pierre LeBrun and Sportsnet's Elliotte Friedman), the free agent's defender signed a $ 61.6 million seven-year deal with the team on Monday after weeks of speculation that he would end up with them.
This equates to a salary cap of $ 8.8 million per season. This is the fifth highest number in the league among defenders behind only Erik Karlsson, Drew Doughty, Roman Josi and P.K. Subban.
The deal will also reportedly include a full no-move clause.
It's an absolutely massive addition to a Golden Knights roster that is already among the best in the league. They have reached the Western Conference final in two of their first three seasons in the league (including an appearance in the Stanley Cup Finals) and should continue to be a competitor for the foreseeable future.
The signing of Pietrangelo is just the latest addition the team has made in its young existence. In recent years, they have also taken big strides for Paul Stastny (traded earlier this off-season), Max Pacioretty, and Mark Stone.
Pietrangelo, who turns 31 in January, is still a great defender who can also be a big influence offensively. Last season he scored 16 goals with 36 assists in 71 games and finished fourth in the Norris Trophy vote. This is the third time in his career that he has finished in the top five in this poll.
In 82 games he will give you around 15 goals and 50 points offensively while playing the shutdown defense. That changes every team.
The only downside to this contract is Pietrangelo's age and what the contract could do to their cap in a couple of years when it eventually slows down. He's an elite player now, but how long will he be at this level? That is always the risk in the free hand.
Now that the Golden Knights have their man, another move (or series of moves) must come to make the team cap compliant. The signing of Pietrangelo and the new deals for Robin Lehner and Chandler Stephenson this off-season put them well above the $ 81.5 million ceiling, even after Stastny was returned to the Winnipeg Jets.
Marc-Andre Fleury was a hot topic in the trade discussions in light of Lehner's return, while Nate Schmidt and / or Alec Martinez could also be extradited to make room.
You need to save around $ 7 million in cap space to become cap compliant. It turns out that this is the exact same salary cap that Fleury's contract contains. The problem will be to find a team to take him. The overall goalkeeping movement in the league this off-season has significantly reduced the number of potential landing spots.
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Adam Gretz is a writer for Pro Hockey Talk for NBC Sports. Email him at firstname.lastname@example.org or follow him on Twitter @AGretz.
Report: Golden Knights signs Alex Pietrangelo on a 7-year $ 61.6 million deal originally posted on NBCSports.com
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