Bobby Luo’s New Deal; What Does It Mean For Chicago?

Those Vancouver Canucks came to an agreement with Roberto Luongo to a twelve-year contract extension. Normally another team’s signing won’t merit a blurb on this blog, but Bobby Lou’s extension resembles the contract that our own Marian Hossa signed this summer – the exact one that is currently under investigation by the NHL.

The twelve-year contract extension is worth $64M – it is heavily front-loaded. Luongo will make $10M in the first year of the new deal, and $1M in his last. Luongo’s cap-hit works out to be a reasonable $5.33M for the Canucks.

Tim Sassone of the Daily Herald wrote on his blog exactly what I thought when learning of Luongo’s deal.

Luongo’s is 30, which means he’ll be 42 – same as Hossa – when this contract expires.
And he’s a goalie!”

If the league’s investigation into Hossa’s contract was meant to deter other teams from following suit, they failed.

Is the league going to investigate the Canucks now? I don’t think so.

Does this mean that the Blackhawks will avoid the potential penalties the NHL could bring due to the nature of Hossa’s contract? We can only hope.

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