By Mark MaskeSource NHL.com article Dale Tallen’s team has signed a new six-year contract extension that includes a base salary of $7 million, $5 million more than the one he signed when he took over as general manager.
Tallen was hired by the Panthers in December 2013 as the team’s president of hockey operations.
His first full season as general manger was marred by injuries and a string of suspensions that cost him the Panthers their second-best record in the NHL during the 2014-15 season.
In his first full NHL season, Tallen was rewarded with a Stanley Cup and the Vezina Trophy for the best general manager in franchise history, a nod he earned in 2016-17.
Talls new deal includes a $5.5 million bonus for reaching the playoffs in each of the next three seasons.
He also gets an $8.5-million bonus in 2019-20, which will be paid out in full after he’s paid in full by the league in 2022-23.
The extension will pay Tallen $7.1 million in 2019 and $8 million in 2020, which is the same number as last year.
He can earn $4 million more in 2019, $6.2 million in 2021 and $6 million in 2022.
Talks with other teams and organizations are ongoing, but the extension should give Tallen a chance to make some noise in free agency.
He’ll get the chance to extend an existing contract if he hits $6-million or more in his first season, and then get a second extension if he earns $6-$7 million in each season.
The cap hit for a new contract is set to be $5,250,000.
Talen is the fifth GM in Panthers history to sign a six- or seven-year deal.
He previously spent four years as the Panthers’ general manager and four as the club’s general manager after winning the Stanley Cup in 2011.
Tallyen was an assistant general manager with the Washington Capitals in 2015-16 and served as the franchise’s general mangers director of hockey ops in 2018-19 before joining the Panthers as GM in 2019.