Jeff Petry re-signs in Montreal, so what do fantasy owners make of him in salary cap leagues?
On Tuesday, the Montreal Canadiens re-signed defenseman Jeff Petry to a six-year contract extension (2015/16 – 2020/21). The value of the contract is a total of $33M dollars, which works out to an annual cap hit of $5.5M. The deal also includes a partial no-trade clause (NTC).
Petry was scheduled to become an unrestricted free-agent on July 1st but chose to re-sign with the Habs instead of testing the market. That's an interesting move by Petry but says a lot about his feelings towards his situation in Montreal. He must have been happy with the atmosphere and team direction to sign early.
After his signing, Petry had this to say:
“Pretty much all signs pointed towards testing the market, and then once the trade happened and I joined Montreal, the mindset started shifting,” Petry said via conference call from his home in West Bloomfield, Mich. “And then as time went on and I got to play in the environment and see how I was valued within the organization, I think that kept pushing things more towards the side of not testing the open market.”
The 27-year-old Petry came to Montreal in a deal with the Edmonton Oilers prior to the trade deadline this season. The Canadiens in return sent the Oilers their second round pick in 2015, and a conditional fifth round pick in 2015, which ended up being a fourth round pick due to the Habs playoff performance. The conditional pick would have been a third round pick had the Habs knocked off the Tampa Bay Lightning in the second round of the playoffs but that wasn't the case.
Petry's was a solid defenseman for the Oilers during his five seasons there. He was a bit inconsistent at times but turned into arguably their best two-way guy until he was traded. In Montreal, he showed excellent puck moving ability and he quickly moved up into the top-four defensemen for the Habs during their playoff run.
Thanks to Frozen Pool, let's take a look at Petry's numbers: