BillP. wrote: Mon Oct 12, 2020 8:42 pm
Dave's a mess wrote: Mon Oct 12, 2020 8:17 pm
BillP. wrote: Mon Oct 12, 2020 7:53 pm
Good for Petro he got a great deal to save face. Vegas might end up regretting it though. Army’s offer still better than Vegas all things considered.
Thats not remotely true though. All things considered means you consider tax effects and contract terms.. With the lack of state income tax in Nevada and the inclusion of a full NMC, the Vegas contract is considerably better on paper.
I think staying home with all the intangibles is priceless. Blues offer much better. The NMC is a moot issue. Nobody would want him and that contract if he started to decline here. The Blues were married to that contract once it was signed.
The value of staying where you are varies wildly by individual. It might mean a ton to you or me or a bunch of NHL players, and nothing to others. Assuming he stays in Vegas for the entire 7 years, he will pay $0 in state income tax. If he would have taken the $8x8 offer from Armstrong, he would've paid $3,447,112 over the 8 years in MO state income tax. He will make more actual dollars in 7 years in Vegas than he would have in 8 years in St. Louis.
He will also have 100% control over whether he leaves or not throughout the duration of those 7 years due to the full no move clause. Nate Schmidt played quite well since day 1 in Vegas, was well worth his contract, but just got traded for nothing to make room for Petro. Last year was the first season on that 6 year deal, so a NMC is not just about a player not wanting to be traded when he's washed up. Things happen quickly in the NHL, and many times it's out of the players control. If Schmidt had a NMC, he'd still be in Vegas. Those clauses are very important to some players, like perhaps guys with 4 kids that are about to start school in the next year or so.
So did Petro mess up by not taking the $8x8 offer? It is literally impossible for anyone besides him to say. What I do know is he will make more money on his current deal, and he will never have to move again unless he wants to. He has to move his family and break in with a new club. Was it worth it? That's for him to find out. I wish him good health, and hope he enjoys watching his former teammates lift the Cup each of the next 7 years.