Last off-season, Kevin Labanc did the Sharks a real solid by signing a one-year, $1 million contract. This time around, Labanc can take more than just bank puns to the bank, as the Sharks signed him to a four-year extension.
The Sharks didn’t confirm the financial details, but The Athletic’s Pierre LeBrun reports that the deal carries a robust $4.75 million cap hit.
As you can see, the Sharks signed LaBanc to a contract that follows the pattern of back-loaded deals trying to account for COVID uncertainty.
Kevin Labanc contract structure:
Year 1, $3.2M ($1.7M salary plus $1.5M SB)
Year 2, $3.95M ($2.95M salary plus $1M SB)
Year 3, $5.875M salary
Year 4, $5.875M salary
Again, AAV is $4.725M
— Pierre LeBrun (@PierreVLeBrun) October 10, 2020
Sharks sign Kevin Labanc to big four-year extension
Judging from the reactions, Sharks fans and media aren’t impressed by this contract. After adding