NHL Rumors: Logan Cooley turns down $77M sponsorship offer from Utah Mammoths

turned down $77 million

Bleacher Report: Frank Seravalli on Logan Cooley turning down an eight-year, $77 million contract offer from the Utah Mammoths.

** Transcribed by NHLRumors.com

“Logan Cooley and the Utah Mammoths, sources say, the Mammoths made a big push to sign Cooley to a contract extension before the start of the regular season. That doesn’t appear to be happening, although never say never.”

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But Cooley’s camp rejected an eight-year extension worth $9.6 million per year, according to sources. So yes, no to nearly $77 million. Take a deep breath, because when someone puts $77 million in guaranteed money in front of you before the season starts, it’s hard to say no and then you take on all the risk.

But it shows how quickly the NHL salary cap landscape is changing. As the cap increases, it explodes. This is exactly what we are facing in the next two to three years. If the NHL’s revenue continues to climb, it will move like a rocket ship.

What happens when a player like Cooley signs with one year left on his contract, nine years on it, and essentially until he’s 30? Yes, he’s going to take another hit, but with a cap hit of maybe $135, $140 million in a relatively short period of time, and he’s a budding superstar in the NHL, is this the right deal? I understand the reason for pausing and saying, that probably doesn’t make sense in this environment. Let’s get a better number, three years, four years down the line, we’re not going to sit idly by and this is one of the lowest paid players in the NHL.

I think this is something you want to try to avoid. But again, I admire the courage of his conviction, and the courage of his camp’s conviction to say no to 77 million people. It’s right in front of you. All you have to do is now the NHL has moved to DocuSign. You can take $77 million with DocuSign and build it the way you want. It’s hard to say no.

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So we’ll see where it goes. I think the Mammoths have a pretty good idea of ​​what it takes to get a deal done with Cooley’s camp. I think there’s a pretty big gulf between them, and I wouldn’t hold my breath to get that done before the season starts.

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