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September 15, 2008 | Cory | Comments 1

Staal’s Deal Rejected By The NHL

Eric Staal

Eric Staal

Eric Staal’s seven-year extension that made him the richest man in Hurricanes history is off the books — for now. The NHL rejected Staal’s deal because of the wording in the no-trade clause, which stated Staal’s no-trade would kick in when he was set to become an unrestricted free agent on July 1, 2010. The deal was rejected because Staal needs to play the next two seasons in order to become an eligible UFA.

But no need to worry — the team will resubmit the contract to the league and simply change the wording to say that Staal’s no-trade provision will become valid as soon as he’s UFA eligible, rather than stating an actual date.

Staal’s deal, worth $57.75 million, will likely be approved shortly after resubmission.

((UPDATE))  Contract re-submitted and approved on 9/16/08.

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Filed Under: Carolina HurricanesCarolina Hurricanes BlogEric Staal

About the Author: I'm a sports fan with a background in sports writing, editing and design. I grew up in Western Massachusetts and graduated from a college in Central New York with my degree in journalism. I moved to the Triangle in early 2000 and have been a season ticket holder since 2005. You can reach me at cory@canescountry.com You can also read some of my work at HockeysFuture.com, where I serve as the Hurricanes team writer.

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  1. I guess that answers the question whether or not he has a no-trade clause.

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