Red Wings Sign Zetterberg to Twelve-Year Contract Extension

The Detroit Red Wings officially announced on Wednesday that they have signed forward Henrik Zetterberg to a twelve-year contract extension.

The deal is essentially a lifetime contract for Zetterberg as it will keep the 2008 playoff MVP in Detroit until he is forty years old.

As per club policy, financial terms were not announced. Reportedly the deal is a front-loaded contract worth $73 million for a cap hit of just over $6 million.

Both sides described the negotiations - which began last summer - as long. Zetterberg joked, "I'm real happy I don't have to do it again."

"I believe I have twelve years in me. I don't wanna play anywhere else."

Red Wings general manager Ken Holland compared Zetterberg to longtime team captain Steve Yzerman. "I think a lot of the attributes Steve has, Henrik has."

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As mentioned in the http://forums.detroi...?showtopic=2096"</a>">GDT for the Blue Jackets game, John Keating confirmed during Red Wings Live postgame that the Red Wings and Henrik Zetterberg have agreed to a long-term contract extension.

A 2:00 PM press conference has been called for tomorrow to announce the deal.

Recent rumors put the contract at roughly $70 million over ten years.

Posted by YzerFan19 on 1/27/2009 at 9:49 PM

 

The Wings have officially announced that the deal is for 12 years. The rumor is that it's for $72 million, meaning a cap hit of "only" $6M.

Posted by YzerFan19 on 1/28/2009 at 11:49 AM

 
Henrik Zetterberg

Henrik Zetterberg
Credit: Clark Rasmussen

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