Ruuuuuutuuuuuuu!

The news the Caniacs everywhere had all been waiting and hoping for came from the Carolina Hurricanes early this morning - Tuomo Ruutu has resigned with the Canes, inking a 3 year deal worth $11.4 million.

Ruutu, a Restricted Free Agent, had filed for salary arbitration earlier this summer, and had a hearing date set for July 30th. While both parties had emphasized all along that they hoped to avoid going all the way through to arbitration, little movement had been seen in the last few weeks. In the end the two sides agreed to a 3 year deal with salary increases for each season - Ruutu will be paid $3 million in 2009/2010, $4 million the following season and $4.4 million in 2011/2012.

In a statement released by the team, GM Jim Rutherford had this to say:

“We are very happy to have Tuomo under contract on a long-term deal and to avoid arbitration. He is still quite young at 26, and is one of the cornerstones of our team moving forward.”

Javier Serna over at Canes Now managed to track down Ruutu at his family's summer cottage in southern Finland via mobile phone (evidently, not the easiest thing to do) to get the player's take on his new contract:

“I definitely like the deal, I’m glad it’s not going to arbitration. I really wanted to stay in Carolina.”

Ruutu is coming off season in which he set career highs in goals (26), assists (28) and points (54). He also led the Hurricanes in hits with 228. But the winger thinks his future could/should be even brighter:

“I hope those numbers will go up. I don’t think I’ve reached my peak yet. That’s why I try to work out every day. I’m 26 [years old] and I still think I can get better.”

The Canes are banking on Ruutu continuing to improve as well:

“I would expect for him to be somewhere between that 25- and 35-goal range with this contract,” said Rutherford. “He’s certainly in the age where’s he’s coming into his prime.”

In the end both sides essentially got what they wanted in the deal. The Cames locked up one of their most important pieces for the next 3 years and Ruutu got the security he was looking for, in a place that he had come to love.


Wit this signing the 2009/2010 version of the Carolina Hurricanes is falling into place. Rutherford has managed to retain virtually all of the pieces he targeted, and has added some key free agent depth, toughness and versatility. There's still talk from the GM of adding another top-4 defenseman via either free agency or trade, and with Ruutu locked up the Canes front office can turn all of their attention to that final detail. The coming days and weeks still promise to be interesting, but I'm already chomping at the bit for training camp and the first puck drop of the new season.

-m

Length of Contract Is Sticking Point for Ruutu

(photo: CarolinaHurricanes.com)



Interesting article over at Tracking The Storm on Tuesday regarding the ongoing negotiations between the Canes and forward Tuomo Ruutu.

It appears that the main thing the two sides are haggling about at the moment is the length of the contract Ruutu is willing to sign. The Canes want to sign him to a multi-year (3) deal while the player and his agent are angling for a one year contract, so that they will be able to test the market as an UFA after next season.

Here's what Hurricanes GM Jim Rutherford had to say about the situation as it stands right now:

“Really I think what’s happening here is trying to decide if it’s a one-year contract and letting him go out as a UFA the following year or a longer-term contract. We really like Tuomo, we’d like him to stay here and we’d like to do this long-term.”

Interesting conundrum. While I understand Ruutu's desire for a possible larger pay day after next season, it could be risky to sign a one year deal - suppose there's an injury (which has been an issue at times in his career), or he does not put up quite the numbers he did this season. At that point the security of a long term contract might look pretty good in hindsight. Plus there's the real possibility that the salary cap could be reduced significantly next year, and there might not be as much $$$ being thrown around on the open market. A lot of the major market (big money) teams are likely to have some serious juggling to do when it comes to the cap heading into 2010/2011.

As of now, Ruutu's arbitration hearing is set for July 30th, and I would expect that neither side particularly wants to go through the process of a hearing, so something should be done by then either way.

Whether it's a one year contract or something longer term, I certainly hope that Ruutu is on the ice in a Canes sweater next season...and possibly for many seasons to come.

-m

Ruutu Files for Arbitration

According to TSN, 20 players chose to file for salary arbitration with their current teams by last night's deadline. Among those, not surprisingly, was Carolina Hurricanes winger Tuomo Ruutu.

Ruutu recieved a qualifying offer from the team as a Restricted Free Agent, and the move for the player to file for arbitration is a natural development in the process at this point. Arbitration hearings will take place sometime around the end of July (not sure if the exact date(s) has been set), and teams and their players will continue to negotiate between now and then. Historically, deals are reached before any actual arbitration hearing. As a point of reference, Chad LaRose filed for arbitration last season, but ended up signing with the team a week or so before any hearing took place. Of the 15 players in the NHL who filed for arbitration in the summer of 2008, only 2 went all the way through to arbitration. In general, arbitration hearings can turn into pretty contentious affairs, so both players and management usually try to avoid them at all cost.

If teams wish to take a player to arbitration, they must file before 5pm today (July 6th).
(This is not an issue for the Hurricanes.)

Bubba has a good recap of the Ruutu situation, as it stands right now, over at Canes Country.

I'm hoping they are able to get creative within their budget and lock Tuomo up for a long term (3-4 years) deal. But that's still to be determined. If not, a one year deal is likely, at a slight raise, and Ruutu becomes a UFA next summer. Based on his numbers and performance, Ruutu definitely deserves a raise. Fingers crossed that the team and the player can reach an agreement that is seen as fair by both.

If you want to see the full list of players filing for arbitration and some background on the process check out James Mirtle's post over at From The Rink.

-m