An Internet report this afternoon had No. 1 Bruins center Marc Savard poised to extend his deal for another seven seasons, beginning in 2010-’11, worth a total possibly as high as $39 million (about a $5.6 million cap hit).
According to a source familiar with the ongoing contract talks, the signing is not imminent and the total payout is not likely to be as high as reported today.
Savard, who will turn 33 years old next July, is closing in on a seven-year pact worth closer to $32 million (cap hit: approximately $4.7 million).
A typical payout for this kind of deal, made popular by the Red Wings and Flyers, would see Savard pull in, say, all but $3-4 million over the first five years.
Entering year No. 6 of the deal, Savard would be 38 years old. If his skills were diminished by then, the Bruins coud buy out the final two years of the deal at one-third discount, with the total amount due paid over four years.
The Globe reported on Sunday that Savard’s new deal probably would be finalized in the days around Thanksgiving.