Nik the Trik said:
princedpw said:
Nik, from the collection of comments you?ve made about Marner and Nylander, it *seems* like you are *hoping* that they sign contracts that are much higher than other commentators predict. For instance, Mirtle predicted Nylander in the 6.5-7 range (as I recall) and it seemed as though you were pushing Draisatl when others were comparing with Ehlers and Pasternak. A number of analysts have suggested roughly 9-9.5 for roughly 6 years for Marner is reasonable. You seem to be talking favorably about numbers in the 11 million range, which would put him in the top 5 players in the league at any position.
My question isn?t about who is going to wind up right or wrong (we?ll find out soon enough, but I don?t really care!) or what method is best for projecting player salaries or who is comparable to who.
Ok, for the most part when I've talked about these salaries I've mainly been focusing on how comparables work and what I think will happen. Why that separates me from some people is that a lot of your analysts are working under a couple of assumptions I think are false, namely:
1. That there's any good reason why a RFA player somehow "deserves" less money than a comparable UFA player.
I see. For me, it's not about "deserves." Rather, it's simply about the differing market mechanisms (as stupid as one might think they are) that are in place and the impact they are likely to have ... if the NHL market is "efficient" which it certainly is not
. Given the current NHL economic system, it would largely make sense to me that an RFA would be paid "what an equally talented UFA is paid minus very, very roughly the value of the compensation for switching teams (ie: minus the value of 4 first-rounders for a contract > 10.5 million)" or something somewhat along those lines. But the fact that teams also seem to more-or-less be colluding on not offer-sheeting players may further drive down what RFAs can demand. And on the other side, the fact that a player can hold out drives up his value.
2. That despite the vastly disparate revenues between clubs, there's no reason why a player for a high revenue club should be paid more than one for a lower revenue one.
... I agree with that one --- because the players have agreed to compensation system in which all teams must operate in the same salary window and because that window is defined by league-wide revenues rather than team-by-team revenues, it makes sense that individual player compensation is defined by league-wide revenues rather than individual team revenues.
(Is there a typo above by any chance? Did you mean you thought that a player playing for a high-revenue club should be paid more than a player playing for a low revenue club?)
Both of those things, right now at least, will drive the salaries of the guys like Nylander, Matthews and Marner higher than fans here might hope. The fact that Nylander got significantly more than the comps people wanted to use, that Matthews got what people were hoping would be a 8 year term on a 5 year deal...I think that validates how I've tended to try to analyze these things.
I've looked at analysis from the Athletic. For example, here's Mirtle from May 29, 2018 on Nylander:
https://theathletic.com/371189/2018/05/29/mirtle-breaking-down-what-william-nylanders-second-contract-should-look-like-for-the-leafs/
Bottom line is that he projected 7 million on a 6- or 7-year deal, which was spot on. (He also projected the dollar amount for a bridge contract.) He obtained that by taking a range of comparables from Draisaitl as a bit of an outlier on the high end to Ehlers and Drouin on the low end.
I also found a prediction for Matthews contract in July 2018 (obviously, a very long time before Matthews wound up signing):
https://theathletic.com/384120/2018/07/12/mirtle-auston-matthews-is-going-to-get-paid-by-the-maple-leafs-but-whats-the-right-contract/
His predication for an 8-year contract was 11.7-12.2. So, I agree that that one was low given he only signed for 5 years. He didn't make a prediction for a 5-year contract so it's tough to say exactly how far off he was. Still, the ballpark seems right for a prediction made 10 months early.
So anyway, there are a couple of predictions for Marner. I couldn't find a Mirtle one from a quick search, but here's one from Ian Tulloch:
https://theathletic.com/988241/2019/05/22/tulloch-a-breakdown-of-what-mitch-marner-should-earn-on-his-next-contract-based-on-comparables/
I think it's interesting that he uses a ranking based on points/gm as his primary metric --- ie, Marner finished 15th in the league in points/game last year. Here's his bottom line:
At the end of the day, it looks like a fair contract for Marner based on historical comparables is somewhere between 11-12 percent of the cap on a long-term deal, which would be between $9-10 million. With Kane and Draisaitl as his closest comparables, it?s difficult to imagine him getting much less than 11 percent of the cap ($9.1 million), but it?s also hard to find evidence that he?s worth more than 12 percent ($9.9 million).
If he signs a six-year deal with Toronto, it will probably end up on the lower end of this spectrum (closer to $9 million), whereas an eight-year deal would push his AAV to the higher end of the spectrum (closer to $10 million).
So 9-10 million.
Now, it may be that the market is moving this year. I have no doubt that if Marner gets offer-sheeting, it will up his compensation. Given that there just haven't been offer-sheets in the past, if they suddenly materialize this year then it's going to screw up any analysis based on historical analysis. But, it's kind of impossible for me to factor that in so I'm willing to go with Tulloch's analysis based on the Athletic's solid track record.
How much money Marner gets paid isn't really something I'm too worried about. I still, like other people, tend to be of the opinion that you keep your stars and try to build around them. I think there's a chance we see big revenue growth(with the new US TV deal) over the next few years and so a lot of the concerns about balance will seem exaggerated.
Obviously my rooting interest as a Leafs fan would like to see all of these guys sign for much less than fair market value but A) I don't think that's realistic and B) I'm not at all interested in letting that sour me on these guys asking for a fair market value. They want to get paid appropriately according to the revenues they're generating and I think it'd be ridiculous for me to think less of them for that because of a ridiculous system the owners implemented(and were willing to shut down the league for).
Fair!
I don't think less of them, but I'm hoping they wind up taking less because it helps the leafs competitive chances ...
but given how the playoffs went last year, Im increasingly feeling that worrying about optimizing team composition is a waste of mental energy....