Penguins re-sign Bill Guerin to one-year contract UPDATED

by Hooks Orpik on Jun 29, 2009 8:19 PM EDT in Pittsburgh Penguins free agents

The Stanley Cup Champion Pittsburgh Penguins have agreed to terms with right wing Bill Guerin on a one-year contract, it was announced tonight by Executive Vice President and General Manager Ray Shero.

Guerin, 38, was scheduled to become an unrestricted free agent on July 1.

A veteran of 17 NHL seasons, Guerin played a major role in the Penguins’ Stanley Cup run, contributing seven goals and 15 points in 24 playoff games and providing exceptional leadership on and off the ice.

The 6-2, 220-pound native of Worcester, MA was acquired from the New York Islanders at the March 4 trading deadline in exchange for a third-round draft pick and immediately was installed as the right wing on Sidney Crosby’s line. He recorded five goals and 12 points in 17 regular season games with the Penguins.

Terms to follow, post them comments if you see it.

Good re-signing for the Pens, Guerin brought a physical prescene to the team, a good sense of humor and leadership in the locker-room and kept up with Sidney Crosby at even strength. Glad to have him back in the fold for another season.

UPDATE:

TSN, ESPN and other sources are reporting that the base salary for Guerin is $2.0 million dollars. With performance bonuses (that veterans over age 35 can sign with a 1 year contract) that could boost the total to $2.85 million. The amount against the salary cap would be $2.0 million, a very reasonable signing for the Pens.

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$2.85 million

source: http://insidepittsburghsports.com/

by Cari on Jun 29, 2009 8:29 PM EDT reply actions

… with something called “performance bonuses” — do those count against the cap?

by Cari on Jun 29, 2009 8:30 PM EDT up reply actions

don't think so

Since they aren’t guaranteed money. But I could be wrong about that.

P is for Latrobe.

by holiday park on Jun 29, 2009 8:31 PM EDT up reply actions

I believe that the bonuses will NOT count against the cap, as Guerin is a vet player over 35 years old.

But I’ve been wrong on salary cap matters before.

Pensburgh.com -- it's like the Max Talbot of blogs*

*not just because we only work for 12 minutes a night

by Hooks Orpik on Jun 29, 2009 8:33 PM EDT up reply actions

Teams are alloted a fixed amount of space called the Bonus Cushion for incentives.

Heart, Max Talbot has it by the mile. The Pens are your 2008-2009 Stanley Cup Champions.

by Malsby on Jun 29, 2009 8:38 PM EDT up reply actions

the bonuses dont affect the cap.
on the nhl numbers website it says how much they are paid and they’re total cap hit

by random task on Jun 29, 2009 9:52 PM EDT up reply actions

If they don’t count against the cap, maybe we could offer Scuderi $500,000, with a $3 million dollar performance bonus if he blocks a shot next season.

by Cari on Jun 29, 2009 8:34 PM EDT up reply actions

“Rob, just come to training camp and you get your option year”.

P is for Latrobe.

by holiday park on Jun 29, 2009 8:38 PM EDT up reply actions

If they don’t count against the cap, maybe we could offer Scuderi $500,000, with a $3 million dollar performance bonus if he blocks a shot next season.

Circumventing the cap isn’t that easy….Other than rookies on entry level contracts, only vets over 35 years old with so many games played can get bonuses.

And as Malsby says, I know there is a limit for each team, not sure exactly what it is, but probably not enough for this idea.

Nice thinking though, sure would be nice get something done, but they’re going to have to do it the tough way.

Pensburgh.com -- it's like the Max Talbot of blogs*

*not just because we only work for 12 minutes a night

by Hooks Orpik on Jun 29, 2009 8:48 PM EDT up reply actions

The Bonus Cushion is equal to 7.5% of the cap. I actually did a report on the NHL salary cap and rosters for an accounting presentation last semester(got an A, xD). This amounts to about $4m for next year.

Presently, Luca Caputi and Kris Letang are the only players listed with contract bonuses.

So, they have the room to give Guerin, Scuds and Feds about $1m each in bonuses. Hussah!

Heart, Max Talbot has it by the mile. The Pens are your 2008-2009 Stanley Cup Champions.

by Malsby on Jun 29, 2009 8:56 PM EDT up reply actions

So, they have the room to give Guerin, Scuds and Feds about $1m each in bonuses. Hussah!

I wish it worked that way, but I don’t think it does.

Performance bonuses can be earned by the following players only:
- players on entry-level contracts
- veteran players (400 or more games) signing one-year contracts. after returning from long-term injuries (100 or more days on injured reserve in their most recent year).
- players who sign a one-year contract after the age of 35.

So Fedotenko, Scuderi do not qualify.

Caputi and Letang do — they’re on entry level contracts
Guerin does — he’s over 35.

Pensburgh.com -- it's like the Max Talbot of blogs*

*not just because we only work for 12 minutes a night

by Hooks Orpik on Jun 29, 2009 9:05 PM EDT up reply actions

Interesting.

Well, let’s hope they use a good chunk of that on Guerin then.

Heart, Max Talbot has it by the mile. The Pens are your 2008-2009 Stanley Cup Champions.

by Malsby on Jun 29, 2009 9:07 PM EDT up reply actions

yea. thats not how it works. if you want to see the salary cap info and contracts with the bonuses here is the nhl numbers website. it is really nice
http://www.nhlnumbers.com/overview.php?team=PIT&season=0910

by random task on Jun 30, 2009 12:21 AM EDT up reply actions

hahaha. genius.

The Pittsburgh Penguins are your Stanley Cup Champions!!

by jetpen89 on Jun 29, 2009 8:53 PM EDT up reply actions

it said its only 2 million w/o the bouneses

by random task on Jun 29, 2009 9:55 PM EDT up reply actions

great news!

Guess what, Pens fans? Veterans want to play here now! Good for Billy, and I’m glad he’ll be back.

P is for Latrobe.

by holiday park on Jun 29, 2009 8:30 PM EDT reply actions

that is great news indeed. Just a few more pieces to fall into place and the team will be ready for another cup run.

Lifes rough, wear a helment

by lambofgad on Jun 29, 2009 8:32 PM EDT reply actions

I think...

It’s 1 year @ $2.2 million with $650,000 in incentives. That’s what I’m hearing. Can someone confirm?

Heart, Max Talbot has it by the mile. The Pens are your 2008-2009 Stanley Cup Champions.

by Malsby on Jun 29, 2009 9:10 PM EDT reply actions

Wait…TSN.ca is showing it as 1 yr, $2m even. This is why I don’t break news.

Heart, Max Talbot has it by the mile. The Pens are your 2008-2009 Stanley Cup Champions.

by Malsby on Jun 29, 2009 9:12 PM EDT up reply actions

Serious?

Wow, that is another good signing by Shero if it’s true.

P is for Latrobe.

by holiday park on Jun 29, 2009 9:16 PM EDT up reply actions

WOw looks like the front office is working hard and getting the signings that we need

by CGNC on Jun 29, 2009 9:36 PM EDT reply actions

Nice being a winner

Certainly have a lot more flexibility to get guys to come back on better terms for the team if you’re a proven winner. I think that’s been a big part of detroit’s long term success, good to see the Pens benefitting from that as well! Adams and Guering for $2.55M, that’s pretty good, I was thinking it would cost about $800K and $2,4M respectively. Although to tell you the truth wish I was making $550K a year! Of course I don’t get physically abused every day I’m at work and those dental implants are expensive!

by Dutch71 on Jun 29, 2009 10:08 PM EDT reply actions

Great signing. I figured that would be about the offer from the Penguins. Just wasnt sure Guerin would take it. No let’s see if Scuderi follows suit.

by Tim C on Jun 29, 2009 11:19 PM EDT reply actions

I’m a big fan of this re-signing. Nice work by Shero and Co once again

Follow the Penguins on SBN @ Pensburgh.com and twitter.

by FrankD on Jun 30, 2009 1:00 AM EDT reply actions

Excellent signing.

Guerin was huge for my second-favorite team. I’m glad to see he’s spending another year with Crosby, since they just worked together beautifully.

Look upon my 62% faceoff win rate, ye mortals, and despair!

by Orion Moony on Jun 30, 2009 3:53 AM EDT reply actions

Hell yeah!

Awesome resigning for many good reasons, all of which have already been mentioned. I started having impure thoughts about Guerin during the Finals, so I look forward to having more for an entire season! :-)

"Miracles require hard work."--Agent Gibbs, NCIS

by GreenEyedLilo on Jun 30, 2009 5:37 PM EDT reply actions