'He Meant A Lot To Me': Easton Cowan On Mitch Marner Leaving Maple Leafs For Golden Knights
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Yahoo
4 days ago
- Yahoo
Former Habs Prospect Moves From Finland To Germany
Canadian center Peter Abbandonato, 27, has signed a one-year contract with ERC Ingolstadt, the DEL club announced on Monday. Last season, his first playing in Europe, Abbandonato led Finnish Liiga club Jukurit with 51 points in 61 games. 'Peter has already impressed in the minor leagues in North America and has also showcased his skills in his first season in Europe,' said Ingolstadt sports director Tim Regan. 'He has a good understanding of the game and strong skating skills. He is primarily used as a center, but can also play on the wings, which gives us even more versatility.' 'I'd been in contact with Tim for some time, and we had very good discussions; however, the opportunity to return to the AHL also presented itself,' said Abbandonato. 'Ultimately, it was important to me to carefully consider my options and make the best decision. After intensive discussions, I chose Ingolstadt, because I think the conditions here are right for success.' Born in Laval, Que., Abbandonato played junior hockey for the QMJHL's Rouyn-Noranda Huskies and took part in two Memorial Cups. In 2018-19, he recorded 111 points in 68 regular-season games, followed by 32 points in 21 post-season games as the Huskies won the Memorial Cup. Undrafted, Abbandonato has spent the past five seasons in the minor-league systems of the Tampa Bay Lightning, Montreal Canadiens, Carolina Hurricanes and Pittsburgh Penguins. He has recorded 123 points in 214 AHL games and 51 points in 49 ECHL games. Abbandonato's 6-Point Game Gives Jukurit Lead In Finnish Playout Series With just 12 regulation wins in 60 games, Jukurit Mikkeli finished last in the 16-team Finnish Liiga. The team is now in the midst of a best-of-seven playout series with the 15th-place Lahti Pelicans, with the loser facing a relegation series against the winner of the second-tier Mestis. Highlights of Abbandonato's season in Finland included a four-point effort in the team's season-opening 7-3 victory and a six-point game in a play-out series against the Lahti Pelicans, in which Jukurit successfully avoided relegation. 'First and foremost, I would describe myself as an offensive playmaker, but it's also important to me to be a reliable player in all zones,' Abbandonato described. He joins an Ingolstadt team that finished first in last year's DEL regular season but was eliminated by Kölner Haie in the semifinals. Thanks to that first-place finish, however, Ingolstadt has qualified for the Champions Hockey League in 2025-26. The team's roster also includes ex-NHLers Riley Barber, Kenny Agostino and Morgan Ellis. Photo © Jamie Germano / USA TODAY NETWORK. Ex-Hab, Canadian Olympian Signs Contract Extension In Germany ERC Ingolstadt finished first in the DEL regular season and, with the playoffs about to start, announced on Friday that an important piece of this year's team will be returning in 2025-26, in the form of Canadian defenseman Morgan Ellis.
Forbes
5 days ago
- Forbes
New NHL CBA Will Make It Tougher For Canadian Teams To Compete
TORONTO, ON - APRIL 27: Auston Matthews #34 of the Toronto Maple Leafs sets for a face-off against ... More the Boston Bruins during the second period in Game Four of the First Round of the 2024 Stanley Cup Playoffs at Scotiabank Arena on April 27, 2024 in Toronto, Ontario, Canada. (Photo by Kevin Sousa/NHLI via Getty Images) It was already tough for NHL teams in Canada to compete. Taxes are high, the weather isn't great and the media scrutiny is intense (just ask Mitch Marner). Well, the new NHL CBA is about to make things a bit more challenging for Canadian teams. The issue relates to taxes. Under the old CBA, all of a player's contract could be comprised of signing bonuses except for the CBA mandated yearly minimum salary. That has changed. The new CBA limits bonuses to 60% of a contract. Why does this matter? The Canadian tax on signing bonuses for non-residents of Canada is limited to 15%, with the player then paying the balance owing at the prevailing tax rate in his home state in the United States. So while a player who claims to be a resident of a U.S. state pays taxes in both Canada and the U.S., the combined tax savings is significant, potentially saving the player millions of dollars over the term of the contract. So to minimize the tax burden, some players on Canadian teams structure their contracts primarily by way of signing bonuses knowing those bonuses will only be taxed at 15% in Canada. That's why you sometimes see a player sign a deal with the CBA base salary of $775,000 and the other $10 million in signing bonuses. Taxes, taxes, taxes. Toronto Maple Leafs captain Auston Matthew signed a 4 year/$53,000,000 with $49,650,000 in signing bonuses. By structuring the contract with 94% in signing bonuses, Arizona resident Matthews stands to enjoy a substantial tax savings. On his last deal alone, Matthews saved around $4 million in taxes across his 5 year deal worth $58,201,250. MONTREAL, CANADA - FEBRUARY 3: Carey Price #31 of the Montreal Canadiens makes a pad save on the ... More puck on an attempt by Daniel Alfredsson #11 of the Ottawa Senators during the NHL game at the Bell Centre on February 3, 2013 in Montreal, Quebec, Canada. The Canadiens defeated the Senators 2-1. (Photo by) Matthews isn't the only player that has signed bonus laden contracts with a Canadian team to diminish the tax impact. Carey Price's contract has $70 million of the $84 million allocated to signing bonuses, which amounts to 84% of the total value of the contract. On his $122 million deal, 93% of Leon Draisaitl's contract is signing bonuses. And 75% of William Nylander's contract is comprised of signing bonuses. The money adds up quickly. With players having finite careers and finite earning potential, saving as much money as possible matters. And now there can be as much as an additional 35% of a player's income exposed to the very high Canadian tax rates. With the Canadiens, Leafs, Senators and Canucks leading the league in income tax rates, and with all seven Canadian teams in the top eleven in the NHL, things just got a bit more complicated for Canadian teams. It's tough enough with these teams competing against teams in tax free states like Florida, Tennessee, Nevada and Texas. And now, a relief valve for Canadian teams has been partially closed.
Yahoo
5 days ago
- Yahoo
Former Maple Leafs Defenceman Conor Timmins Avoids Arbitration With Sabres, Doubles Previous Salary In New Two-Year Deal
The Buffalo Sabres avoided arbitration with former Toronto Maple Leafs defenseman Conor Timmins, signing him to a two-year contract on Sunday. Timmins filed for salary arbitration just days after Buffalo acquired his rights, along with defenseman Isaac Belliveau, in a deal with the Pittsburgh Penguins for a second-round pick and defenseman Connor Clifton. The defender was previously scheduled for arbitration on August 2, according to had he not been able to come to terms with the Sabres before then. Timmins doubled the value of his previous two-year contract with the Leafs, which paid him $1.1 million AAV, by signing for $2.2 million AAV with the Sabres. The 26-year-old is coming off a career-high in games played last season (68) following a career that had been filled with injuries. With the Leafs, Timmins had two goals and six assists in 51 games before he was dealt, along with forward Connor Dewar, to the Pittsburgh Penguins \as part of a three-way deal and salary-cap clearing move that brought defenseman Brandon Carlo to Toronto. Earlier this summer, Timmins shared his excitement about joining the Sabres, having grown up watching games in Buffalo since he is from nearby St. Catharines, Ontario. He will also be in proximity to several of his former Maple Leafs teammates. Timmins took to Instagram earlier this month, enjoying the Coldplay concert in Toronto with former Toronto teammates Bobby McMann and Joseph Woll. Conor Timmins Shares Photos Attending Coldplay Concert In Toronto With Maple Leafs' Bobby McMann And Joseph Woll Toronto was abuzz with Coldplay's four recent concerts at the new Rogers Stadium, but for Maple Leafs fans, an extra layer of excitement came courtesy of defenseman Conor Timmins. Earlier this week, Timmins, now with the Buffalo Sabres but clearly still close with his former teammates, shared photos on Instagram of himself, Bobby McMann, and Joseph Woll soaking in one of the shows. Timmins even playfully dubbed the newly created venue 'Middle Of Nowhere' in his post. Timmins has played 101 of his 159 NHL games with Toronto over three seasons, scoring five goals and adding 27 assists while averaging 16:04 of ice time. With the Sabres, Timmins currently slots in as a projected third-pair defenseman. (Top image credit Sergei Belski-Imagn Images)
