B’s ink Chara to 7-year, $45.5M extension

The Boston Bruins have signed captain Zdeno Chara to a seven-year, $45.5-million contract extension.

Chara is entering the final year of his current deal which carries a cap hit of $7.5 million.

Under the league’s new “Kovalchuk” rule, Chara’s new contract will be cut off (for the purposes of salary-cap calculation) in the year of the contract in which he turns 41. That means Chara, who will turn 41 on Mar. 18, 2018, will have an annual salary cap hit of $6.9 million for the first six years of the deal — $400,000 more than what would be if it were calculated over the seven years of the contract. The cap hit then drops to his actual salary ($4 million) in the final year.

In 80 games last season, the 6-foot-9 defenceman recorded seven goals and 37 assists with 87 penalty minutes to go along with his plus-19 rating. He added seven points (two goals, five assists) in 13 playoff appearances for Boston.

A Norris Trophy winner in 2008-09, Chara joined the Bruins as a free agent in 2006 after spending four seasons with the Ottawa Senators.

The 33-year old was a third-round selection of the New York Islanders in the 1996 NHL Entry Draft.

Breakdown of Chara’s deal
2011-12 $8.5 million
2012-13 $6 million
2013-14 $8 million
2014-15 $7 million
2015-16 $7 million
2016-17 $5 million
2017-18 $4 million

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