Full breakdown of Jeremy Swayman's new contract.
The full details of Jeremy Swayman's new contract, including bonuses, clauses, and more.
The Boston Bruins and Bruins goaltender Jeremy Swayman finally put the drama to bed on Sunday morning when they announced that the two sides had come to terms on a new deal that will see Swayman take his rightful place as the team's number one goaltender this season.
Although the Bruins would also go on to confirm that Swayman had signed an 8 year deal worth a total of $64 million, which breaks down to an average annual value and salary cap hit of $8.25 million per season, there are many additional and interesting details to this deal that have not been officially confirmed by the team.
Don't worry though, I've got you covered.
The first major detail is that this deal will be heavily front loaded, which means that the Bruins will pay Swayman the majority of the money on his deal in the early years of this contract, something that in theory could make him easier to move down the line should they wish to do so. Here is the full break down year by year:
Year 1: $6 million in salary and an additional signing bonus of $4 million.
Year 2: $6 million in salary and an additional signing bonus of $4 million.
Year 3: $5.5 million in salary and an additional signing bonus of $2 million.
Year 4: $4.5 million in salary and an additional signing bonus of $3 million.
Year 5: $5.5 million in salary and an additional signing bonus of $2.5 million.
Year 6: $5.5 million in salary and an additional signing bonus of $2.5 million.
Year 7: $5 million in salary and an additional $2.5 million in signing bonus.
Year 8: $4.5 million in salary and an additional signing bonus of $2.5 million.
As you can see, there is a significant amount of this contract that will be paid out in signing bonuses and those are not subject to the normal buyout rules under the current terms of the collective bargaining agreement. This would in theory make Swayman's contract slightly more difficult to buyout, however I suspect that everyone involved in this deal hopes a buyout never even has to be considered.
Last but not least there is the matter of Swayman's trade protection in the deal. Swayman will have no protection at the start of this new deal, giving the Bruins 2 years to move him as they please, but that will change drastically after those first two years.
In years 3 to 6 of this deal, Swayman will have a full no movement clause which he could use to prevent any trade and can even use to prevent being sent down to the American Hockey League.
In the 7th year of this deal Swayman will have a 10 team trade list, which will allow him to prevent a trade to all but 10 teams he has previously approved.
In the final year of his deal, Swayman's protection switches to a 10 team no trade list, which would only allow him to block a trade to 10 teams he has previously selected.
All in all it seems that Swayman has gotten a lot out of the Bruins in this deal, and has set himself up nicely for the foreseeable future.