Cory Schneider re-ups with Canucks for 3 years, $12 million

Mike Gillis may have a Twitter account, but he’s not exactly active. Prior to today, he hadn’t tweeted for 5 months. Before that, there was a 4-month gap. His tweets are generally perfunctory, safe, and uninteresting. While he promised to be “active and update every few days” with his first tweet back on November 10, 2010, he has a grand total of 53 tweets in over one and a half years.

His Twitter account isn’t exactly a must-follow, is what I’m saying. But today he had something interesting to say that every Canucks fan wanted to hear: the Canucks and Cory Schneider have agreed to a new contract.

 

That, my friends, is a report. According to many people in the know around the NHL, the deal is for 3 years and is worth $12 million for a $4 million cap hit, which is just $100,000 more than Ondrej Pavelec’s new cap hit with the Winnipeg Jets and $500,000 more than Tuukka Rask, who just re-upped with the Boston Bruins.

More importantly to some folks, it’s $1,333,333 less than Roberto Luongo’s annual cap hit, making an eventual Luongo trade seem like even more of an inevitability. Unless the Canucks want to have over $9 million of their cap hit taken up by their goaltending, one of the two is on his way out of town. It won’t be Schneider.

With that said, Schneider’s signing doesn’t mean that a Luongo deal will be happening soon. Don’t take the “More news in the next few days” as indicating that the “more news” will be Luongo getting dealt. The summer is long and NHL General Managers are stubborn, so I fully expect the trade negotiations to be long and arduous.

In the meantime, congratulations to Cory Schneider, who fully deserves the new deal after being patient and professional in his development with the Canucks. His first big money deal comes at the age of 26, after spending 3 years at Boston College, 3 more in the AHL with the Manitoba Moose, and 2 years as a backup to Luongo. His patience should be used as an example to all the other prospects in the organization.

I sincerely hope that the fans have the same patience with Schneider, as they get to know him better as a player and realize that like every other star goaltender, he will have some bad games. I also hope that those bad games are few and far between and that none of them occur in the playoffs. Most of all, I hope that one day I see him raise the Stanley Cup over his head while wearing a Canucks jersey.

Tags: , ,

23 comments

  1. tom selleck's moustache
    June 28, 2012

    Awesome news, although a little bittersweet as, like you mentioned, it pretty much means that a Luongo trade is an inevitability. Still, only 4M for a starting goalie of his caliber is excellent value and definitely needed if the Canucks hope to add more pieces to the team.

    VA:F [1.9.16_1159]
    Rating: +13 (from 13 votes)
  2. peanutflower
    June 28, 2012

    It’s nice that you hope Canucks fans will be patient, but you know that that’s a false hope, right? It just ain’t gonna happen.

    Congrats to Cory. This should be an interesting year!

    VA:F [1.9.16_1159]
    Rating: +15 (from 15 votes)
  3. JohnScott
    June 28, 2012

    Last line: Me too!! *all the tears* All..I…Want…is a Cup…. :`(

    VA:F [1.9.16_1159]
    Rating: +6 (from 6 votes)
  4. Nee
    June 28, 2012

    Really happy for Cory. Really sad for Luongo. :’ (

    VA:F [1.9.16_1159]
    Rating: +17 (from 17 votes)
  5. Frank N.
    June 28, 2012

    Congrats to Schneider! And to the Canucks for getting this done! Yay Canucks!

    VA:F [1.9.16_1159]
    Rating: +6 (from 6 votes)
    • Frank N.
      June 28, 2012

      Then I would like to add the following.
      I think it is (more and more a legit) possibility that Gillis will keep both goalies. It is possible under the new cap of more than $70 million. He knows they are both reliable and work well together. If he trades Luongo and can’t get value or has to take back a bad contract, why would he? After all, after trading Luongo he would still have to find an adequate back-up. And you never know what you will get. He might just keep Luongo around for another year and trade him then. This would also give Schneider the experience of the starter for a season and Lack more time to develop in the AHL.

      VA:F [1.9.16_1159]
      Rating: +8 (from 10 votes)
      • Bob
        June 28, 2012

        Much prefer that than a Luongo summer firesale and then find out mid season that Schneider couldn’t cut it as a #1 (still a possibility/worry in my mind at this point)

        VA:F [1.9.16_1159]
        Rating: +8 (from 8 votes)
      • JS Topher
        June 28, 2012

        Gotta agree here. With some extra room on the cap and most of the team signed, there’s a good chance that Gillis won’t trade. The only reason he would is if he needed the cap space and unless something we really need comes along at a good price, what would we need it for?

        Don’t forget that Kesler’s salary is off the books until well into the season. If we can start the season with both goalies that will give us leverage as teams who think they don’t have a need will find a need as injuries happen and other keepers start to flop. There’s also nothing to say that we don’t trade Corey Schnieder once he raises his stock after some solid number 1 duty.

        VA:F [1.9.16_1159]
        Rating: +4 (from 6 votes)
      • Phileo99
        June 29, 2012

        I also agree. Manny Fernandez/Dwayne Roloson split the goaltending duties with the Wild 10yrs ago, Halak/Elliot shared the starting spot last year, why not Schneider/Luongo, esp. now we have the cap space for it?

        VA:F [1.9.16_1159]
        Rating: +5 (from 5 votes)
      • J21 (@Jyrki21)
        June 29, 2012

        That is just a recipe for two malcontent goalies. It is very apparent that neither wants that. They are not Fernandez/Roloson — both are considerably higher profile. Plus they make way more money.

        VA:F [1.9.16_1159]
        Rating: 0 (from 0 votes)
  6. Chris the Curmudgeon
    June 28, 2012

    Aren’t we jumping to conclusions a little by saying that there’s no chance Schneider will be traded? I think the old concept of Canucks with Luongo + whatever you get for Cory versus Canucks with Cory + whatever you get for Luongo still stands. Signing Cory before other teams get to have a swing at him is a smart move, but it still maintains his trade value as high and reduces other teams’ leverage against Gillis in negotiations. Sure, Lu is probably the one to go, but the situation has hardly changed in that regard.

    VA:F [1.9.16_1159]
    Rating: +10 (from 10 votes)
  7. Cathylu
    June 28, 2012

    I’m happy for Cory! Is it October yet?!

    VA:F [1.9.16_1159]
    Rating: +5 (from 5 votes)
  8. James W.
    June 29, 2012

    I don’t think the cap is the issue at this point with keeping Luongo around – it’s the distraction. Until Luongo is traded, there will be news bits, interviews, op ed pieces, etc all speculating on when, where, and why Luongo is going to a particular location. Gillis obviously knows this, and he has until training camp to trade him – I have to hope it’s done by then. Not only for the guys already in the room, but for whomever he gets in return – having a training camp with your team is so incredibly important.

    VA:F [1.9.16_1159]
    Rating: +6 (from 6 votes)
  9. John Andress
    June 29, 2012

    I am very pleased with the Schneider signing although I still stubbornly maintain my position that Cory Schneider developing into a good goalie (possibly great, still to be determined) doesn’t necessarily mean that Roberto Luongo deteriorated into a bad goalie at the same time. The Canucks are blessed to have two first class goalies on their roster and it is too bad that the economics, politics and psychology of the game and it’s players makes it impossible to keep both of them in tandem for another assault on Lord Stanley. One of the things that I like best about Schneider is that what is referred to as his “patience” whilst developing at college, in the AHL and learning his craft as Luongo’s backup is, in my mind, as much an excellent understanding of how things works. I am still disappointed by bright young stars who demand ice time or guaranteed roster spots etc before they have proven anything. That Schneider understands how it works is reinforced by the fact that there he is on the NHLPA negotiating committee, leading the way in developing the player’s interests for those coming in the future. We are very lucky to have a person of his talent, skill, intelligence and character in the organization and I hope that he ends up being the Canuck’s puck stopper for far longer than the present three year contract.

    VA:F [1.9.16_1159]
    Rating: +16 (from 16 votes)
  10. Eric B.
    June 29, 2012

    Does this not mean that we could have signed Schnieds to the contract, to make sure that we get the return that MG wants? I still find it hard to think that Luo will be out. Schnieder is unproven, at least by my standards to give a starting job in a contending team. He’s had a total of 4 playoff games, 3 losses and 1 win. He couldn’t handle the pressure last year in Chicago, I’m scared to think what would happen in SCF.

    VA:F [1.9.16_1159]
    Rating: +2 (from 2 votes)
  11. Yuri
    June 29, 2012

    I’m puzzled and frightened by the fact that an unproven, untested goalie, albeit a bright prospect, commands 4 mil. a year. There is 50/50 chance he’s a flop, like so many other bright goalie prospects before him. I’m begining to lose confidence in MG. I ain’t convinced any more he knows what he’s doing.

    VA:F [1.9.16_1159]
    Rating: -8 (from 12 votes)
  12. MB13
    June 29, 2012

    “His patience should be used as an example to all the other prospects in the organization.”

    Tell that to the next highly rated prospect that suffers a career ending injury while being patient.

    Players have nobody to answer to but themselves. I would not have blamed Schneider if he signed the first big money deal wherever he got it. He had no loyalty to the Canucks and his patience was close to stupidity – IMO. Athletes careers are short. Canucks better start moving them up the ladder quicker as not everyone will be as patient (*cough* *cough* Hodgson)

    VA:F [1.9.16_1159]
    Rating: -8 (from 10 votes)
    • iceman
      June 29, 2012

      There have been just as many fine athletes whose career unfortunately cut short, by being impatient and/or force-fed into a position to produce results right away. Injuries can and do clip athletes at “any” time – not just while they are still developing. In fact those who take time and pay their dues getting better both physically and mentally have much higher chance to succeed.

      I know as much as you do about how Cory really feels about Canucks organization and this city, so I’ll give you benefit of doubt for saying he has no loyalty. Cory’s patience, however, is the main reason he was rewarded with the substantial contract and will be at least a couple more times down the road as long as he continues to display his marvelous level of play .

      If it’s not the most desirable way for an athlete to build a long-term career in any professional sports I don’t know what is. Should all the athletes try to capitalize as early and as much as possible instead of striving to get better, because you never know when you’ll get a career-ending injury (Does anyone know)? With the approach chances are you will be playing somewhere in Europe after a few years – if you haven’t suffered a career ending injury, that is.

      VA:F [1.9.16_1159]
      Rating: +6 (from 6 votes)
      • BigFan
        June 29, 2012

        I don’t think it is an either/or, you probably want to balance the speed of your development if you are a player by not being ambitious beyond your capability, but also not hesitating to seek out options if an organization undervalues and more importantly under-utilizes your skill. (I think this goes beyond sports and can apply to any organization too). As a life time Canucks fan, I couldn’t be happier about having the Canuck developed Schneider move into the starting goalie position for him and the organization.

        VA:F [1.9.16_1159]
        Rating: 0 (from 0 votes)
  13. Raftgeek
    June 29, 2012

    I think it’s funny how I read all the time about how we don ‘t have enough Canadian born players and that’s really what we need but the fans drove their Canadian born goalie out of town for the American.

    I like Cory but my guess is that by his third year the fans will have turned on him next and he’ll be headed out of town. Then Lack, then the next guy and so forth.

    VA:F [1.9.16_1159]
    Rating: +2 (from 2 votes)
    • Amor de Cosmos
      June 29, 2012

      It’s possible, times change, but fans here don’t have a history of turning on goalkeepers. Cloutier maybe, but that’s about it. Lou had a critical mass of bad mojo to contend with. Major rep as a potential star on arrival. Lengthy contract for big money. Unfortunate habit/bad luck of losing a few key play-off games in blowouts. And a seriously talented younger back-up. Ken Dryden probably wouldn’t have survived that combo.

      VA:F [1.9.16_1159]
      Rating: +2 (from 4 votes)
      • Chris the Curmudgeon
        June 29, 2012

        Felix Potvin got it pretty hard from the fans too.

        VA:F [1.9.16_1159]
        Rating: +1 (from 1 vote)
        • Amor de Cosmos
          June 29, 2012

          Oh yeah, his second season was dismal.

          Lordy we’ve had some bad goalies over the years. The two guys we’ve got now are almost certainly the best. KM was here for ages, but, cup run aside, was mostly pretty average, same with Richard Brodeur.

          VA:F [1.9.16_1159]
          Rating: 0 (from 0 votes)