Treliving has not only checked off summer priority No. 1, he has also extended his best defenceman at a reasonable price and for two years under the maximum term. The 31-year-old Giordano could have pushed for an eight-year retirement contract that would have ensured paycheques through his 40th birthday.
The money is fair, but the term is more impressive, especially when stacked up against comparable deals.
Consider the financial strain a declining Zdeno Chara is placing on the Boston Bruins at the end of his own monster extension. This is the type of problem Treliving has seemingly dodged by inking Giordano to a six-year, $40.5-million extension, and skipping out on the contract-year distractions.
Now Treliving can set his sights on the multitude of other important Flames entering 2015-16 on expiring contracts: Kris Russell, Jiri Hudler, Dennis Wideman, Jonas Hiller, Sean Monahan, Johnny Gaudreau, Joe Colbourne, David Jones and Kari Ramo.
Giordano’s new deal will rightly make him the highest-paid Flame and catapult him into the NHL’s top 10 highest-paid D-men in 2016-17. But how does he stack up to players on similar deals?
In searching for cap comparables, we eliminated three 25-year-olds on long-term contracts who make similar money — Drew Doughty ($7 million cap hit), Erik Karlsson ($6.5 million) and Alex Pietrangelo ($6.5 million) — because their current deals will expire when they’re young enough to cash in again.
Here’s how Giordano — ninth among all defencemen in scoring over the past two seasons — stacks up against fellow blueline veterans making similar salaries on multi-year deals that extend deep into their 30s or beyond.
Mark Giordano cap hit comparables
Kris Letang, 8 years, $7.25 million cap hit, age 35 at end of deal
Brian Campbell, 8 years, $7.143 million cap hit, age 37 at end of deal
Dion Phaneuf, 7 years, $7 million cap hit, age 36 at end of deal
Zdeno Chara, 7 years, $6.916 million cap hit, age 41 at end of deal
Mark Giordano, 6 years, $6.75 million cap hit, age 38 at end of deal
Johnny Boychuk, 7 years, $6 million cap hit, age 38 at end of deal