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Semin's deal: $6 million

Alexander Semin's one year contract extension is worth $6 million, I'm told.

"It's what the player preferred," GM George McPhee said. "We discussed a number of options, but this is the way he wanted to go for now. Which is fine with us because it gives us flexibility going forward."

I'll have more later.

By Tarik El-Bashir  |  December 26, 2009; 10:07 PM ET
 
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Comments

Semin got a good deal! I was hoping we were notpaying him more than 5.5mil. Hope we have enough to secure Backie and Flash for a while.

Posted by: capscoach | December 26, 2009 10:15 PM | Report abuse

We do capscoach, no worries.

Tom wins the pot with his guess of 5.75 mil.

Posted by: richmondphil | December 26, 2009 10:31 PM | Report abuse

Well, honestly, I have been predicting 6 yrs/$36M for several months based on Cammelleri, Richards, D Sedin, etc. Then when I heard one year I assumed, of course, that the figure would be a tiny amount less...so, on the previous thread, I put 1 yr/$5.75M.

So, based on EVERY cap projection I had for next year, EVERY SINGLE CAP PROJECTION, I had Semin at $6,000,000.

Nail on head. $6M.

As they say, even a blind squirrel finds a nut sometimes.

tominfl1 estimate: $6M.

Semin signing: $6M.

Ask me if anyone cares.

Posted by: tominfl1 | December 26, 2009 10:42 PM | Report abuse

I think Semin wants to play in Russia. I think the Caps know it too. I dont think he fits well with any other NHL team than the Caps. But if the money is sick, maybe he goes? However if he gets what he wants in Russia, and the thrill is gone in DC, its bye bye Mr. Semin.

Lets win the cup and make the guys time here worth it!!

Posted by: wtf_e_fehr | December 26, 2009 10:52 PM | Report abuse

if he wants to play in Russia, why sign for one more year?

this if anything proves that he wants to stay in the NHL... he's hoping he has a huge year and will be able to cash in big.

and Semin can play on any team.. it's ridiculous to say he won't fit in with any other team.

Posted by: joek443 | December 26, 2009 10:56 PM | Report abuse

POSTGAME THOUGHTS:
Semin extension - A great move and congrats to GM McPhee for doing his best to do what the player wanted to do. It indeed gives the team flexibility going forward. Nice to have him locked in for another year.

On to the game: Wow now that was a solid 60 minute effort by the guys. Neuvy with a solid game. The big guns score in big games and that was a clutch effort tonight. An outstanding job all the way around.

Little things - Chris Clark backchecking on that breakaway - what a textbook poke check and not taking the guy out for a possible penalty. Erskine - skating the length of the ice with an off-hand stick and still getting a shot on goal - if he had buried that - the arena goes nuts. Wow.

Neuvy - I like the composure and I know he wants that one goal back but what a job standing up and taking on an outstanding team and shutting them down. Job well done.

This was fun to watch from beginning to end. Oh and can I just say on the Backstrom goal - what a sick backhand shot that was - hot damn.

Back to hell with the Devils. The winds are blowing and a hurricane is in the air. Time to saddle up and get ready for the Canes on Monday.

It's been a two point night.

Ice Breakers Goal Shakers.

Posted by: Jonathan6 | December 26, 2009 11:00 PM | Report abuse

Ask me if anyone cares.

Posted by: tominfl1 | December 26, 2009 10:42 PM | Report abuse
-------
Who cares? (:

I like the deal. As what GMGM said, gives the team flexibility.

Posted by: elicea | December 26, 2009 11:00 PM | Report abuse

if he wants to play in Russia, why sign for one more year?

this if anything proves that he wants to stay in the NHL... he's hoping he has a huge year and will be able to cash in big.

and Semin can play on any team.. it's ridiculous to say he won't fit in with any other team.

Posted by: joek443 | December 26, 2009 10:56 PM |

Cool it joe. I have an opinion, everyone does, and its not ridiculous.

Posted by: wtf_e_fehr | December 26, 2009 11:01 PM | Report abuse

OK, I said it and I said it and I said it - the first priority was Semin and the figure was $6M per annum.

Er, ahem, got lucky on that one.

The second priority is Flash. This doesn't say Backie won't be signed next, but that Flash is most imporant due to Backie can't be UFA until 2014.

As for Flash, the number is $3.3M.

Then we have Backie at $6.5M, Fehr at $2M and Schultz at $1.75M.

The most important is Backstrom, but that doesn't make him signed next.

If anyone wants Dow Jones predictions for 2010, send a cash contribution to:

NostraThomas@capsfan.com

Merry Xmas, Happy New Year, and don't let that glass run empty.

Posted by: tominfl1 | December 26, 2009 11:03 PM | Report abuse

As for the game

-Other than that softy of a goal in the first, Neuvy was outstanding.
-The Clark-Laich-Fehr line did the little things needed to get the win. Specifically the two backchecks by Fehr and one by Clark that took possible goals away from NJD.
-Nothing more can be said about the top line.
-As what Joe B. and Locker reiterated basically the whole night, Stecks is a monster on faceoffs, and his job truly is an underrated aspect of the game.
-Really liked the Erskine-Alzner pairing, tonight.
-One of the most complete games, thus far.

Posted by: elicea | December 26, 2009 11:03 PM | Report abuse

Just got home. Great game. All 60 minutes worth. And the momentum was different in each period. We matched the fury of the Devils in the first period (great goal Ovi--great way to set the tone), outplayed them in the second period with smart disciplined play and not just offensive power tho' we had that too, and then we just played smart in the third, slowed the play down and didn't take as many offensive risks. Great game for Neuvy--he was tested hard, especially in the first period.

It was a thoroughly satisfying win, even more so because the Devils are the kind of team one has to respect to the final buzzer. Given them a chance and they would have seized control.

Really who said the Capitals were terrible at defense--pay attention hockey establishment--not true. IMO BB's system is very demanding for the defense but when played well the defensive strategy is very effective.

Question for others: did Stecks get the third star because of the effectiveness of the checking line tonight. I thought he played a great game and am happy that he got the star, but have to admit I was surprised that Neuvy didn't get a star.

Finally, I am so relieved that we have Semin. I am glad actually that Sasha and Backs will now be on different years. Let Semin negotiate the big contract next season as a UFA. And now let McPhee and Backs come to terms. But most importantly I'm delighted that our Ovi, Backs, Semin line is kept intact. I thought that line was very strong tonight. No fancy passes--just smart, effective passes.

I can sleep happily tonight!

Posted by: Capsyoungguns | December 26, 2009 11:08 PM | Report abuse

Hello Everyone,

Glad we got Semin inked for one more year. Of course, I'd like to see a longer term. But at least it buys every one some time.

Given that he reupped with us long before the trading deadline indicates he wants to stay with the Caps, not go off to the KHL or another NHL team.

Next year, a longer term. (And now for GM McVee to sign up Backstrom, Flash, & Fehr.)

In a way, the Semin deal reminds me of the Ryan Zimmerman deal. First, Zim signed for a year in the off season. After that, he soon signed a multi-year deal.

Posted by: CapsFan75 | December 26, 2009 11:15 PM | Report abuse

@capsyoungguns--

I was also at the game..and had the EXACT same question about Stecks. He is one of my favorite players and seems like an all around really great guy..but I reallyyy thought Neuvy should have gotten a star.

All in all, it was a terrific game and a great effort from all our boys.

proud to be a CAPS fan!

Posted by: Bondra2Ovie | December 26, 2009 11:17 PM | Report abuse

@Bondra2Ovie

I was at the game also. Agree with Backstrom and Ovi as the 1st and 2nd stars. Did not agree with Stecks as third star. I would have also chose Neuvy.

Once again, the New Kid on the block has proved his "Virth" in goal.

Posted by: CapsFan75 | December 26, 2009 11:26 PM | Report abuse

Stecks got the 3rd star because he got an assist and won 15 of 21 faceoffs, but Neuvy I thought deserved a star.

Posted by: JSchon | December 26, 2009 11:26 PM | Report abuse

@JSchon

Thanks for the stat. Stecks is a monster at the faceoff isn't he. And I forgot about the assist. How great is it that our guys played so well that multiple players are third star worthy.

Posted by: Capsyoungguns | December 26, 2009 11:34 PM | Report abuse

In other news. Our first round pick Marcus Johansson is the captain of Sweden's jr. World Cup team.

Posted by: jakopz | December 26, 2009 11:37 PM | Report abuse

To me, the Semin one-year deal says this: Semin wants big years and big money, the Capitals don't want him making more annually than he already is, but Semin wants to stay in DC and the Caps want him in DC, as well. So, they ink him to a one-year extension -- which guarantees him a raise next year -- but more importantly, puts off the long-term contract talks until later on when the Capitals have more cap room. Theodore will be gone after this year. Nylander is already off the books this year, but will have to be taken off the books somehow next year as well, which will be done. At that point, Semin can be inked to a long-term deal.

I'm guessing Backstrom gets a long-term deal and a significant raise by the end of the year -- maybe by February?

Posted by: blindskateluke | December 26, 2009 11:45 PM | Report abuse

@jakopz

Congrats to Johansson for being chosen as Sweden's Captain. Looking forward to seeing him as a Cap some day. (He'd be our 2nd Johansson, after Calle of the early 80's.) Okay, we know that's a very common last name as it's the Swedish equivalent of Johnson.

Posted by: CapsFan75 | December 26, 2009 11:52 PM | Report abuse

JSchon:
Ya, I thought Neuvy deserved 1st or 2nd star. I was happy to at least see Backs up there.

Posted by: --Boo-- | December 26, 2009 11:54 PM | Report abuse

I like the angles that people are taking on the Semin deal.

I think Backstrom is the priority and GMGM needs get that long term deal locked up. One year wont do.

The Semin deal helps in this regard.

GMGM is shrewd, this will all work out in the Caps favor in the end.

Posted by: wtf_e_fehr | December 26, 2009 11:56 PM | Report abuse

great news on Semin and he has been playing like a top player these past few weeks. If he only plays another year here, that's one more than we might've had. Backs is looking better and better, the sooner we ink him the better. Maybe BB should tell him to shoot less, for now. Glad to see BB's comments on Semin. I thought Neuvy good except for his puckhandling - some very bad gaffes tonight, Irbe needs to send him into the woodshed to work on that. As for #60, he's had a good year, I'm thinking we must be looking to trade him, though.
I was at Hanlon's last game - the seats cost me $10, I think - yes, there was a $10 section up there. The same seats tonight were $75. This is an exceptional team and worth the price, but I worry people will be priced out of the arena.

Posted by: RedLitYogi | December 27, 2009 12:09 AM | Report abuse

The boys on the OBS line were each +3 on the night.

Posted by: CapsFan75 | December 27, 2009 12:14 AM | Report abuse

@CapsFan75

Relief for another year, I guess. Hoping for more. I was thinking maybe the OBS line should be the BOS line, as in "boss" -- they are! And they weren't even broken up tonight.

Posted by: Steakum | December 27, 2009 12:23 AM | Report abuse

@Steakum

People have called them the BOS line. Or even the SOB line.

A stop gap deal, so to speak, for Semin. (It would not surprise me to hear him signing with us for longer next year.)

Posted by: CapsFan75 | December 27, 2009 12:35 AM | Report abuse

@tominfl1

Glad you hit the nail on the head on Semin's cap hit for next year.

Now, they need to ink Backstrom and the others. Backstrom will require a humongous raise. (But with Theo coming off the books, that will be most of it.)

Posted by: CapsFan75 | December 27, 2009 12:37 AM | Report abuse

@steakum

Re: Semin's contract. I think you're right, this is a holding pattern. Perhaps they're betting that the cap will be higher next year and the years following as the economy "recovers" (i.e., the next sham bubble pops up). So big success for team and 28 may mean an even better deal. But in the modern cap world, as good as he is, $6 mil is generous for anyone. (Isn't Zetterburg only pulling down $4?) In any event, a good play by him and his agent and even the Caps, it's a deal that works for them all, although the Caps evidently did offer more years (perhaps at less per year). And, if he wants to be the big fish somewhere else, there will be attractive options, with New York chief among them.

But the great news for Caps fans is that we now have most of the core locked up through next year and rather than worrying about what will happen in 2012, we can watch the team that's out there now, and it's the best one that's ever played here. (Not counting the glory years of Hartland Monohan and Yvon Labre, I mean...)

Question (to anyone) : if the Caps are now near the top of the league in ticket revenues (fairly high prices, few giveaways, 100% tickets sold), and the cap is fixed at 60% (?) of revenues, how is it Leonsis stands to lose millions? Is the rent that exorbitant?

Posted by: RedLitYogi | December 27, 2009 11:34 AM | Report abuse

Re: How do the Caps not make more money?

Easy. The Caps are tenants in the Verizon Center. So the Club Seat/Box seat revenue largely goes to the VC (since the baseline sales are for the events at the VC, not necessarily individual games/sports). The STH prices are heavily discounted (I didn't play anywhere near the $75 face value on my ticket for last night). The concessions go to WS&E. The Caps are part of Lincoln Holdings and, as a standalone entity, they are essentially doomed to lose money since they don't directly get the revenue. LH is a minority (probably soon to be the majority) owner (RIP Abe) of WSE, but the Caps will continue to probably be viewed as an independent entity due to the business structure. Ted and the other owners make money on the Caps overall, but that's when you factor the WSE holdings into LH revenue stream.

Essentially, the Caps are something to get you in the door of the VC, where the real money is made ($5 popcorns, $4-5 cokes, $7 beers, etc). But that doesn't show up on the Capitals balance sheet, so they lose money since their main streams of revenue are tickets, broadcasting and merchandise, vice concessions revenues.

As for Semin, the deal makes sense. After this season, you lose Theodore's contract ($4.5 M), and Pothier and Morrison are up for renewal ($2.5M and $1.975M respectively). After 2011, you have Poti, Knuble and Clark also coming up for renewal ($3.5M, $2.8M and $2.633M respectively). You've got a lot of talent being developed in the system in Hershey and there's every chance you'll be able to ease some of these guys out the door and keep a relatively young and less expensive team. This gives them a bit of freedom to resign Backstrom, resign some of the younger 2nd/3rd/4th line guys and move up some of the Bears to have a very competitive team that keeps the attacking spirit that Boudreau loves. Plus, Semin would be an RFA after this season, but a UFA after next season, which gives him the freedom to test the waters if he's not happy - whether those waters are in Russia or the NHL. A longer deal for Semin means less freedom in the short term, which is his hockey playing prime.

Posted by: MikeF703 | December 27, 2009 2:06 PM | Report abuse

@mikef703

interesting on the revenue streams. So Caps make almost nil on that middle tier of seats and on the suites, not to mention the prodigious beer and food concessions. BTW, I did pay $80 for a $75 ticket to the NJD game. It was a seller's market out there. But worth it...(otoh, for only $20 more I had great seats in lower bowl just to the side of the blue line for the Sabres game. Go figure...)

I'm thinking cap will be higher next year, and that's what Syoma is thinking also.

Posted by: RedLitYogi | December 28, 2009 2:42 PM | Report abuse

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