Flyers Probably Won't Trade Streit This Season

Created 2 years 256 days ago
by Michael DeNicola

Tags: Mark Streit
Views: 1580


Written by Michael DeNicola

Tuesday, January 12th, 2016 --

A question was sent my way yesterday, and I’ve seen Flyers fans bring it up before – Is it time for the Flyers to move veteran defenseman Mark Streit?

It’s a valid question. Despite being 38 years old, Streit is what I like to call a “young 38.” Yes, they exist. Mark began his NHL career at the senior age of 28. Before that, Mark played most of his pro hockey in the Swiss league where the Euro-style and bigger rinks allow more flow, mobility, and less physicality; it's much like Streit plays his game in the NHL. Believe it or not, this has put less wear & tear on the old man and has kept his skill set virtually intact from Day 1. So he is still absolutely an asset. And considering how Hextall has been seeding our pipeline, moving a veteran player in a trade seems plausible. Especially when we’re witnessing the rise of Shayne Gostisbehere at the NHL level.

In a perfect world with no clauses or salary cap, Streit would make an excellent addition to a Western team who’s trying to gain an edge over their Divisional foes. But this isn’t a perfect world. I don’t believe the Flyers will move Mark Streit by this year's deadline. And here’s why…

For starters, let’s take a look at his contract and what’s left of it. Streit and the Flyers agreed to a four-year, $21 Million extension before the 2013-14 season. That’s an average annual value of $5.25 million until the end of the 2016-17 League Year; which means, after 2015-16, he has one more season left. A number of fans have mistaken this season as Streit’s final year. Well, I hate to be the bearer of disappointing news. Had this season been his last, then maybe there’d be enough incentive to swing him in a trade as a “rental”. But that is a hefty cap hit for a 38-39 year old D-man through the end of the 2016-17 campaign.

“Why not just retain a percentage of his contract for the remainder of this season?”

That’s not a terrible idea. However, the Flyers have reached the maximum this season: Nicklas Grossmann ($500K retained), Luke Schenn ($1.8M retained) and Vincent Lecavalier ($2.25M retained) each claim one of the three allowable spots. So if the Flyers were to trade Mark Streit (or any player, for that matter), they’d have to move his entire contract, which is incredibly difficult to do midseason. Although that fact hobbles probability, be assured that each of the three contracts expire after 2015-16 – Grossmann and Schenn become UFA’s, and Lecavalier has promised to retire.

Streit’s contract is also laced with a “Limited No-Trade Clause”, which means he submits a list of teams that he’d agree to be traded to. The amount of teams on that list has not been publicly disclosed, nor have the names of these teams been disclosed. That Limited NTC creates more restrictions, and diminishes the probability even more.

Lastly, what we have to keep in mind are the actual salary dollars owed to Mark Streit. Remember, if a team is trading for Streit THIS season, not only are they taking on two years of a $5.25 million cap hit, they’re also agreeing to pay what’s left of his salary for this season and next season. In Year 4 of his contract, Streit is owed $4 million in salary, and an additional $2 million in bonuses. Combined, that’s six-million of actual dollars paid to a 39 year old hockey player. Despite what many may think, regardless where they are in the standings, that’s a very large pill to swallow for teams who operate on negative income or depend on the revenue-sharing program to a higher capacity.  I’m not saying $6 million can sink a franchise, but most teams have budgets and an internal way of doing things financially, and a 39 year old owed $6 million is a chancy expense.

If the Flyers do have interest in moving Mark Streit, then the likelihood is definitely higher for next season when contract retention is available, a percentage of salary has already been paid, and he’s on the final year of his contract. 

The trade game has become a money system nowadays; when salary's going out, it's likely we'll see salary coming back. Trading a contract like Streit's would be tricky to unload without having to take on a player with similar or equal term. It's not all about "Hey, you're in the hunt and need a player like Streit. Here you go, thanks for the Draft picks, good luck." A ton more creative thinking has gone into these trades, and it's all centered around budgetary boundaries. 



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