Tuesday, June 1, 2010

Confirmed: Lidstrom Signs 1-Year, $6.2M Deal with Detroit

Booth Newspapers and are now reporting that Nicklas Lidstrom has signed for $6.2 Million with the Detroit Red Wings. This is the lowest number we've heard on the rumor mill thus far today, and sources seem to believe this is the actual confirmed amount that Lidstrom has agreed to. (UPDATE: At this time, it has now been confirmed completely)

If this is the case, the Red Wings captain has agreed to a pay cut of $1.25 Million. This, along with the reported $2 Million Salary Cap increase coming for next season, gives the Wings an extra $3.25 Million to play with for signings. In other words: don't worry about where we'll get the money to pay Jiri Hudler for his return, it's already taken care of.

There were a lot of reports floating around about how much Nick would sign more, and I felt around $6 Million was very reasonable. Some reports were suggesting $7 Million. Really? Would it even have been worth the effort to shave off $450,000? I'm pleased with the $6.2 million and thrilled that Lids is sticking around for at least another year.

Now Red Wings Nation can get back to worrying about the REST of the lineup!