Rick DiPietro's contract to be bought out by Islanders

Rick DiPietro's ridiculous contract will now net him $1.5M per year until 2029

7/5/13 in NHL   |   Pat   |   5234 respect

Feb 11, 2013; Uniondale, NY, USA;   New York Islanders goalie Rick DiPietro (39) makes a save during the second period against the Carolina Hurricanes at Nassau Veterans Memorial Coliseum.  Mandatory Credit: Anthony Gruppuso-USA TODAY SportsA few years ago, the New York Islanders signed goalie Rick DiPietro to one of the more insane contracts in recent sports history, giving him $67.5M over 15 years.

The money actually isn't all that bad, but the time period makes no sense at all, and that's what a lot of people were thinking when the deal was signed back in 2006 as well.

Will it ever make sense in any sport to give a player a 15-year contract? The Islanders thought that it would be worth it for DiPietro, and they were dreadfully wrong. A few MLB players have gotten 8-10 year contract, and those have all been rather regrettable.

As much as the NBA salary system seems a bit convoluted, the fact that contracts are restricted to 4-5 years is actually an excellent thing.

The Islanders are about to buy out the remainder of DiPietro's contract, which has 8 seasons remaining on it, for a guy who has played only 50 games in the past 5 seasons.

The good news is that the Islanders will be basically free of him. The bad news is that they've reached a Bobby Bonilla-esque agreement that will end up paying DiPietro about $1.5M per year until 2029.

Bonilla signed to a then-record deal with the New York Mets in 1991. Now, he's still getting paid $1.2M per year, and will continue to get that money through 2035.

Perhaps one day, teams will learn their lesson and avoid crazy contracts like the one the Islanders gave DiPietro. No matter how good a guy is, he's probably not worth a 15-year deal. Ever.
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7/7/13   |   VolcomSteel   |   10 respect

Crazy Deal, You would think with free agency and years of rookies just tanking it in the pros the big wigs would learn... sigh... such a waste.

7/5/13   |   Jess   |   35061 respect

Hah. Well, with some players it would make sense to do a 15-year deal. I kind of wish the Ducks had done one with Selanne...some guys it seems will play forever. Not so common with goalies, however. Weird deal.

7/5/13   |   mcleodglen   |   32 respect

good for him.