In the event that you live on the East Coast and like to indulge in the act of sleeping, you might have missed the massive announcement from the Anaheim Ducks late on Monday night that proclaimed that pending-unrestricted free agent Corey Perry had come to terms on a contract extension.
That extension is equally as massive as the announcement, as Perry will be receiving $69 million over the next eight seasons.
Originally believed to be dead-set on testing the lucrative landscape of the unrestricted market, Perry proved that line of thinking to be dead-wrong. According to Bob McKenzie of TSN, five factors played a key role in Perry remaining with the Ducks:
* Ryan Getzlaf had signed a similar eight-year extension a little over a week ago. Knowing who his center would be over the long-term was an appealing component, especially considering his history with Getzlaf.
* The Ducks appear to be a serious contender in the Western Conference this season.
* He got more money by staying in Anaheim given the new contract stipulations of the collective bargaining agreement. The Ducks were able to offer an eighth year, while any other team could have only given a seven-year max contract.
* $69 million was considered a "fair" amount.
* Finally, he has spent his whole career with the Ducks (thus far) and wouldn't have to move.
Regardless of the reasoning, many are praising general manager Bob Murray for getting Perry under contract before the April 3 trade deadline. Given the perception that Perry was destined to go to the open market, it was widely speculated that Murray would have to choose between a push for the cup and building for the future.
Now, he will be able to do both.
With Getzlaf and Perry under contract, the Ducks have key building blocks for the future, but also have a considerable amount of money tied up in two players. As a point of reference, 25 percent of the team's salary cap allotment for next season will go to the two stars. Whether this potentially causes problems down the road remains to be seen.
In terms of Anaheim ice hockey enthusiasts, that issue doesn't appear to be a concern at the moment, via Anaheim Calling:
I have not gotten engaged or married or had a kid so this may be the best day of my life.
(As a side note, this has just officially saved Bob Murray's job for another couple of years.)
For the rest of the league, it's probably disappointing. Several teams such as the Detroit Red Wings, Philadelphia Flyers and Toronto Maple Leafs were believed to be sniffing around the situation in hopes of picking up an elite scorer.
Now they'll have to go back to the drawing board.