Full details of bonus-filled contract Patrick Kane signed is revealed

PUBLICATION

Josh Tupper
July 3, 2024 (8:53 PM)

SHARE THIS STORY

The Detroit Red Wings have secured a key player ahead of free agency, signing three-time Stanley Cup champion Patrick Kane to a one-year contract. Kane had a impressive first season with the Red Wings, nearly reaching a point-per-game pace. According to Sportsnet's Elliotte Friedman, Kane's new deal comes with a base salary of $4 million.

In addition to his base salary, Kane's contract includes performance bonuses totaling $2.5 million. These bonuses are tied to specific milestones, including playing ten games ($1.5 million), reaching the 60-game mark ($250,000), making the 2025 Stanley Cup Playoffs ($500,000), and hitting the 60-point mark while also making the playoffs ($250,000).

Kane's signing is a significant move for the Red Wings, ensuring the veteran forward will remain with the team for another year. The 34-year-old Buffalo native brings valuable experience and skill to the Red Wings' roster, and his potential bonuses provide added motivation to perform at a high level.

"Kane contract has bonuses. Per sources:
$4M base
$1.5M at 10 games
$250k at 60 games
$500k if they make playoffs
$250k for 60 points AND playoffs.

Total is $6.5M"

Kane, 35, appeared in 50 games for Detroit last season where he put up 47 points (20 goals, 27 assists), 16 penalty minutes and was a minus-five.

With Kane now signed, Red Wings General Manager Steve Yzerman can turn his attention to the free agent market as they're expected to be one of the busier teams on Monday, even being linked to former Tampa Bay Lightning captain Steven Stamkos.

Source: Blade of Steel
Full details of Patrick Kane's bonus-filled contract revealed