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Modano signs five-year deal with Stars
Wednesday, August 03, 2005
After two days of rumors and speculation that had his days as a Dallas Stars coming to an end, Mike Modano ended up staying put. Modano Wednesday signed a five-year deal with the Stars that will pay him more than $17 million.
The signing came just hours after Modano had rejected a deal from the Stars and his agent told the team Modano would be exploring offers from other NHL clubs.
"After a whirlwind day, it brings me great pleasure to announce that we were able to work out a contract to keep Mike Modano in Dallas for the next five years," Stars GM Doug Armstrong said in a news release. "He's a great player and has been a wonderful ambassador for hockey in Dallas. This new contract practically ensures that Mike will retire a Dallas Star, and we are thrilled that he will be back with us."
Modano's contract will count around $3.5 million against the cap each of the five years.
The deal came after several teams approached Modano with offers that were multi-year deals that would pay somewhere between $4.5 million and $5.5 million according to various reports.
The Boston Bruins had been rumored to be the front-runner with a four-year, $21 million deal. The Chicago Blackhawks were said to be in the mix as well. There were several other teams that made pitches for Modano as well including Atlanta, which dropped out Tuesday after signing free agent Bobby Holik.
But at the end of the day Modano,35, took less money per season and stayed with the Stars franchise, the one that drafted him first overall in 1988. The one with which he has spent his entire NHL career. The one with which he one a Stanley Cup.
Modano is the franchise leader in points (1,062), goals (444), assists (618) and games played (1,025).