According to a news site in Sweden, found by TSN.ca, cites that Henrik and Daniel Sedin are now looking for contracts that are similar to Henrik Zetterberg of the Red Wings. Zetterberg currently has a 12-year deal worth $73 million, but the Sedins would be looking for something in the neighbourhood of $63 million, which is a fair shake less, but still it works out to be $5.25 million per season each.
At $10.5 million against the cap each year, the twins will take up a significant portion of the salary cap space for any team, if the Canucks do not choose to go ahead with this deal. The deal will also be in force until the brothers are both 40-years old, which is something else that the deal that Zetterberg has in common.
If the deal was signed today, the Canucks would be sitting with 15 players signed on for next season at an annual cap hit of $46.4 million (approximately), which would leave them under $10 million for the remaining eight players that they have to fill the roster with. It would certainly limit the amount given to the remaining free agents or money given to new free agent signings.
At a point-per-game average, they are certainly well within their market value to say $5.25 million is their desired salary, but there is concerns that they do come as a package, so when the cost doubles, it's a bitter pill to swallow.
I'm beginning to wonder what part of this deal is the worst, really. Is it the length, as 12 years is a very long time for any contract to be signed for or is it the uncertainty of the cap going forward. If the league recovers well from this economic situation, the money doesn't look too bad, as they could find room for Roberto Luongo (UFA in 2010) and Ryan Kesler (RFA in 2010). I think it's more the cap room, as the twins are good players and the years don't really bother me too much.