JUST IN: Bruins forward signs creative contract extension
Former Bruins forward signs creative contract extension. Updated: Jan. 05, 2025, 3:33 p.m. |Published: Jan. 05, 2025, 3:30 p.m. Anaheim Ducks’ Frank Vatrano celebrates his hat-trick during the third period of an NHL hockey game against the Carolina Hurricanes Sunday, Oct. 15, 2023, in Anaheim, Calif. (AP Photo/Jae C. Hong)AP. Matt Vautour | mvautour@masslive.com. In the short term, Frank Vatrano’s contract extension with the Anaheim Ducks likely changes the 2025 NHL Trade Deadline. As a pending free agent, Vatrano figured to be a potential target with the Ducks out of playoff contention, but the
In the long term, Vatrano’s deal could be the blueprint of how some contracts are designed in places like California with higher income tax rates. It’s unclear whether similar approaches could be applied to Canadian teams as Canada’s national income tax is higher. The Athletic’s Pierre LeBrun reported the details and explained their implications on Twitter. He posted:. “Frank Vatrano’s 3-year, $18M extension is an interesting one. He will get paid $3M a year in base salary but then $9M in deferred salary. Starting 10 years from now in 2035, will make $900,000 a year for 10 years, and his plan is to live outside of California (and its tax system) at that point in retirement. Ducks, meanwhile, benefit with deferred payments by having $4.57M AAV (instead of $6M AAV) on the deal. Creative way for both the team and player to make it work. And perhaps show other players in future way to stick-handle around California tax issue.”. He and the Ducks aren’t the first to use creative deferred compensation, but the amount and
Vatrano announced his extension with a video on Twitter. With his daughter Ophelia on his lap, Vatrano, who is from East Longmeadow and starred for UMass hockey said:. “I’m excited to see this team grow and be part of the future here,” he said. Vatrano signed with the Bruins as an undrafted free agent in 2015 and played his first three seasons in Boston before being traded to the Panthers. BETTING: Check out our MA sports betting guide, where you can learn basic terminology, definitions and how to read odds for those interested in learning how to bet in Massachusetts. More Bruins content. ‘It’s getting old’ — Bruins ready to break out of slump. Bruins star finding groove amid team’s four-game losing streak. Ex-Bruins goalie improving, but still week-to-week for Senators. Despite another loss, Bruins coach liked resiliency of team. If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.