$2.2 Million/Year Pension Plan
Just when it seemed as if honor of being called the most envied NHL player was sewn up by Sydney Crosby, news broke today of now ex-Islander Alexei Yashin's contract being bought out by the Islanders at a whopping bargain of $17.6 million.
Yashin had $26.45 million owed to him, but under the new CBA, the Isles had the option to buy out the contract at two-thirds of that price over the next 8 years ($2.2 million per year) and have only that amount count towards the cap each season.
So, after a very disappointing playoff performance this year, and a below expectations Islander career, Yashin will now make $2.2 million per year, for the next 8 years, on top of what he has already made in his Islander career, to do nothing more than chill-out on the beach in the Hamptons.
I used to envy Sydney Crosby because of his skill, youth, popularity, and endless potential. Not any more. I now envy the man who proved that with one good year in pro sports, along with a good agent, can set you up for life regardless of how you perform later on. I'm sure that Yashin will still want to play and does want to be a Cup champ, but if I was his close friend, I would sit him down and say, "Are you f**king nuts?".
If only I had a pension plan like that waiting for me.
Yashin had $26.45 million owed to him, but under the new CBA, the Isles had the option to buy out the contract at two-thirds of that price over the next 8 years ($2.2 million per year) and have only that amount count towards the cap each season.
So, after a very disappointing playoff performance this year, and a below expectations Islander career, Yashin will now make $2.2 million per year, for the next 8 years, on top of what he has already made in his Islander career, to do nothing more than chill-out on the beach in the Hamptons.
I used to envy Sydney Crosby because of his skill, youth, popularity, and endless potential. Not any more. I now envy the man who proved that with one good year in pro sports, along with a good agent, can set you up for life regardless of how you perform later on. I'm sure that Yashin will still want to play and does want to be a Cup champ, but if I was his close friend, I would sit him down and say, "Are you f**king nuts?".
If only I had a pension plan like that waiting for me.
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