Rinne re-signs with Predators.

The Nashville Predators today announced the re-signing of goaltender Pekka Rinne to a seven-year, $49 million contract, the largest in franchise history. The deal is worth an average cap hit of $7 million per season, and will begin in 2012-13. He’s currently in the final year of a contract paying him an average cap hit of $3.4 million per season.

SPECTOR’S NOTE: A heavy investment indeed for the Predators, but given the record of the 28-year-old goaltender, one which should be well worth it. Last season, he was a finalist for the Vezina Trophy, and was named an NHL Second Team All Star. Now, the focus turns to defensemen Shea Weber and Ryan Suter.

Tagged with →  
Share →

9 Responses to Predators re-sign Rinne.

  1. Innovator says:

    Does that make him the highest paid Goalie in the league?

  2. SmielmaN says:

    Does anyone else besides me think that’s too much for a goalie? Goalies should cap at around 6 million. I know loungo is making 10 million right now, and that’s too much but in terms of cap hit it just seems to high. Oh well, maybe I hate seeing these salaries skyrocket again lol.

  3. AdmiralSal says:

    Lyle,
    If you were to speculate as to the outcome at this point with Weber & Suter, what would you say?

  4. Grizzledbear says:

    While on the one hand it’s great to be able to keep a great goalie like Rinne in the fold for a long time like this, it also decreases not only the chance for the Preds to keep both Suter and Weber, but also decreases their ability to add the missing ingredient to the club: offense. Unless the ownership decides to open up the pocketbook, this signing could be problematic for the team long term. Not that Rinne doesn’t deserve to be one of the leagues highest paid goalies, but for a team currently only about 1.2M over the cap floor in spending, it could really hamper their ability to do much else with the roster.

  5. AdmiralSal: While I believe they want to re-sign Weber and Suter, I believe they’ll end up trading the former and re-signing the latter. It could cost nearly $20 million to re-sign the pair plus keep Rinne, and the Preds have been, and likely will continue to be, a budget team.

  6. gravitymike says:

    I think Spec’s answer to AdmiralSal also answers Grizzledbear. They probably trade Weber for a couple mid-level offensive threats or all those draft picks they’d get. To trade him for an established sniper creates two problems; big money (why not pay Weber then?) and a true sniper doesn’t fit their system. Ask the Devs and Kovalchuk how that works out?

  7. AdmiralSal says:

    I know it may be a bit beyond the realm of hockey, but the new ownership group with the Preds has been making so many improvements. Bridgestone arena has so much more going on to generate revenue for the team. Also having made the best run yet in the playoffs, I just don’t understand how they wouldn’t be willing to spend more. Obviously they wouldn’t max the cap, but there’s a huge difference between who you can buy at the cap floor and who you can buy at the cap ceiling. They just need to put themselves more in the middle.

  8. 2probert4 says:

    The majority of Nashville’s corporate money goes to the NFL’s Titans, not the Predators. They just added another person to their ownership group, but this team traditionally has not had good attendance, and has not made money throughout it’s existence. Many people within the city get tired of the Preds always having their hands out to the city wanting more financial support, when they have sweet deals on their rent, and upkeep of that arena, along with being the # 1 tenant. They did add another individual to their ownership group but the impact of that remains to be seen. Right now the Rinne / Suter / Weber situation is really important to the future of the team in Nashville, so they don’t have a choice but to resign Weber (if its possible) along with Rinne. I don’t think anyone that has a realistic bone in their body believes they resign all 3. Not trying to rain on the parade but thinking all of a sudden it’s raining money within the Predators organization, is nothing more than a dream. Spending 7 mill per on Rinne and Suter, along with the 8 to 8.5 (guessing) on Shea Weber, takes up a third of your team cap. Don’t see Preds management doing that. Still have to have offensive power to score, which there is a major lack thereof with this team.

  9. Grizzledbear says:

    The other issue with the Preds potentially spending more money is the unlikelihood that they would jepordize their annual revenue sharing check of between 10 or 12M by going over the cap midpoint. They could add about 6M to their current payroll and still stay under the midpoint this season, but add an additional 8M in raises to the big three’s current deals and you can see how difficult it will be to add anything else to the team. The Preds will be competitive as long as the big 3 are there, but unless they improve on offense, being competitive is all they’ll be.

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop us a note so we can take care of it!