NHL Rumors: Logan Cooley turns down $77 million from the Utah Mammoth

$77 million rejected

Bleacher Report: Frank served Logan Cooley turning down an eight-year, $77 million contact offer from the Utah Mammoth.

** NHLRumors.com transcription

“Sources indicated that Logan Cooley and the Utah Mammoth have made a huge move to sign Cooley, an extension before the start of the regular season. It doesn’t appear that will happen, although you never say never.”

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But the Cooley camp has, sources indicate, rejected an extension offer of eight years times $9.6 million per year. So yes, say no to almost $77 million. Take a deep breath, because it’s hard to say no when someone signs you up to $77 million guaranteed before a season starts, and then you have to take all that risk on your shoulders.

But this is an indication of how quickly the NHL salary cap landscape is changing here. With the increase of the limit it explodes. That is exactly what awaits us in the next two to three years. Things will take off like a rocket if NHL revenues continue to rise and rise.

Where would that leave a player like Cooley with a year left on his contract, nine years under contract, basically until he’s 30 years old. And yes, he’ll get another kick in the ass, but is that the right deal to sign a cap hit that could, in relatively short order, reach $135, 140 million, and he’s a budding superstar in the NHL? I understand the reason for pausing and saying, that probably doesn’t make sense in this environment. Let’s get to a better number: Three years, four years later, we’re not going to sit back, this is one of the most underpaid players in the NHL.

I think this is a position you want to try to avoid. But again, I admire his persuasiveness, and the courage of his camp to say no to 77 million. It’s in front of you. All you have to do is: Now the NHL has moved to DocuSign. You can make $77 million with DocuSign and structure it however you want. That’s hard to dismiss.

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And so we’ll see where it goes. I think the Mammoth have a very clear idea of ​​what it will take to get a deal done from the Cooley camp. I think they’ve had a pretty big gap between them, and I’m not holding my breath for that to be done before the season starts.

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