View single post by CanadianHorseman
 Posted: Wed May 20th, 2015 10:07 pm
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CanadianHorseman



Joined: Fri Nov 2nd, 2007
Location: Vancouver, British Columbia Canada
Posts: 14026
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lobo316 wrote: Mike Babcock is about to become a rich man.

The questions that remain are how rich he'll be and who he'll collect his bounty from.

The Detroit Red Wings have made Babcock an offer of $3.25 million annually, but the Buffalo Sabres have reportedly raised the stakes and have the biggest ante on the table, which includes a long-term commitment.



According to TSN he just signed with Toronto.


from tsn.ca:




Mike Babcock is being paid a record amount of money to coach the Toronto Maple Leafs in a shocking turn of events.

TSN's Darren Dreger is reporting the Stanley Cup and Olympic gold medal-winning coach will be paid an NHL-high $6.25 per season over an eight-year term with the Leafs after joining the team Wednesday. Babcock was the subject of an 11th hour bidding war between the Maple Leafs, Buffalo Sabres and Detroit Red Wings, whom he coached 10 seasons before becoming hockey's highest profile free agent.

The Stanley Cup and Olympic gold medal-winning coach will be paid an NHL-high $X.X per season over a X-year term with the Leafs after joining the team Wednesday. Babcock was the subject of an 11th hour bidding war between the Maple Leafs, Buffalo Sabres and Detroit Red Wings, whom he coached 10 seasons before becoming hockey's highest profile free agent.

The Leafs were not projected in the final mix of teams pursuing Babcock after the 52-year-old was granted permission to explore the market for his services before his contract with the Red Wings expired. 

But Toronto suddenly changed all that: now Babcock's long term mission is to lead the Leafs to a Stanley Cup for the first time since 1967.

Babcock is being asked – in conjunction with President Brendan Shanahan and, presumably, a new general manager - to turn around a franchise that has finished out of the playoffs nine of the past 10 seasons. His teams have missed the playoffs just once in 12 NHL seasons – and his Red Wings reached the post-season for a current high 24th consecutive season in 2014-15.  

This is the boldest move yet by Shanahan who this season has fired a GM, two head coaches and double digit scouts, traded a group of impending free agents and is contemplating dealing the likes of captain Dion Phaneuf and star scorer Phil Kessel.

Babcock guided the Red Wings to a Stanley Cup in 2008 and led them back to the Cup final the following season. Babcock is the winningest coach in Red Wings history and led the team to the Presidents' Trophy twice. The Red Wings, whose final offer was believed to be $4 millon per season over 5 years, will receive a third round draft pick as compensation for losing their head coach.

Babcock is the only coach in hockey's Triple Gold Club: an honour bestowed upon individuals who have won Olympic (2010, 2014), World (2004) and Stanley Cup (2008) championships. Babcock also coached Canada to World Junior gold in 1997.



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