David Perron Signs a New Four-Year, $15.25 Million Extension

David Perron Signs a New Four-Year, $15.25 Million Extension

David Perron

David Perron will be back with the St. Louis Blues in 2012-13. In fact, he will be skating with the Blues through the 2015-16 season after signing a new four-year, $15.25 million contract extension. It had appeared Perron might head to arbitration but the Blues finally made some noise (albeit familiar noise) by locking up their forward.

Jeremy Rutherford reports that the contract will pay Perron $3 million in 2012-13, $3.5 million in 2013-14, $4.25 million in 2014-15 and $4.5 million in 2015-16. Clearly, the Blues are not worried about Perron’s injury history and recent battle with concussions. In fact, the team is also betting that Perron will continue to improve as the years pass as evidenced by his steadily rising pay over the next four years.

To some, Perron’s contract might seem a bit pricey. To others, Perron’s deal might seem a bit lengthy given his recent concussion. These are both fair points.

Perron’s old contract was a two-year deal worth $4.3 million. He made $2.5 million in 2011-12. Though Perron’s contract will have an average cap hit of $3.8 million, it’s important to note that he is roughly only receiving a $500,000 raise each year of the deal. This is more than fair for a player that has shown immense talent and could blossom into a true star over the next four years.

The length of the deal is the most surprising aspect. Previously, the Blues had mostly been signing their young forwards to one or two-year deals. In Perron’s specific case, the deal is even more surprising when you consider the fact he missed more than a year’s time with a concussion. The Blues must be certain he is over those issues are they wouldn’t have given him a four-year deal.

Essentially, the Blues are taking a gamble on Perron. He did stay healthy upon returning in 2011-12. He did show some flashes of brilliance. He by all means could be the next young star the league is talking about. That sort of reward is worth a risk that carries with it a $3.8 million cap hit for the next four years.