A very young man has just gotten a huge new contract one year ahead of his free agency.
According to a breaking news report from the Arizona Coyotes organization, the team has signed Christian Dvorak to a brand new contract extension in spite of the fact that he was still a full season away from restricted free agency. The Coyotes have not shared a great deal of detail regarding this deal but they have reported that this is a long term deal that will extend Dvorak for an additional 6 years.
Arizona Coyotes general manager John Chayka released a statement praising his young center, as you would expect, and seemed very pleased with the signing.
"We are very pleased to sign Christian to a long-term contract," said Chayka as per the National Hockey League's official website. "Christian is a highly skilled, reliable, two-way center who continues to improve each season. He will be a key player for us in the future and we are thrilled to have him with us for the next seven seasons."
Unsurprisingly Dvorak was also very pleased with the decision to keep him under contract long term. The 22 year old center released a statement of his own in which he expressed confidence in the direction of the Coyotes organization and indicated that he looks forward to representing the Coyotes for a very long time.
"I am very happy to sign a long-term contract with the Coyotes," said Dvorak. "We have a great young team with a bright future and I love living and playing in the Valley. I'm excited to be a Coyote for the next seven years."
Normally we would expect to quickly have the full details of this contract shortly after the signing was announced but thus far no one has been able to leak out the financial terms of this deal. Certainly the 6 year term will have brought the average annual value down for Dvorak but this will also push him beyond what would have been his restricted free agent status and you have to imagine that the Coyotes had to pay extra for the unrestricted free agent years on the tail end of this extension.
This article will be update with the full financial details of this transaction as soon as they become available.
Update: We now have our first few details regarding the terms of this contract. According to National Hockey League contract tracking site CapFriendly, the contract signed today by the Coyotes and Dvorak will pay him an average annual value of $4.45 million per season. That feels like a good price for a young man who has put up 15 goals in each of his first two NHL seasons and it will look like a steal if the NHL's salary cap continues t o increase year on year. If the cap continues to raise as it has as of late in 6 years this will look like a steal of a deal if Dvorak continues to develop well.
As for why Dvorak would be willing to take a deal of this nature? At 22 years old he has just earned himself over $26 million in security and now he doesn't have to worry about how an injury or circumstances outside of hockey could potentially derail his career in the same way that he did before today.
Photo Credit: Kostas Lymperopoulos/CSM/Zuma