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Islanders All Time Lists

New York Islanders Five Worst Contracts In Team History

UNIONDALE, NY - SEPTEMBER 12: General Manager Garth Snow (L) signs Rick DiPietro (R) to a 15 year contract with the New York Islanders on September 12, 2006 at Nassau Coliseum in Uniondale, New York. (Photo by Bruce Bennett/Getty Images)
UNIONDALE, NY - SEPTEMBER 12: General Manager Garth Snow (L) signs Rick DiPietro (R) to a 15 year contract with the New York Islanders on September 12, 2006 at Nassau Coliseum in Uniondale, New York. (Photo by Bruce Bennett/Getty Images) /
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UNIONDALE, NY – APRIL 18: Alexei Yashin
UNIONDALE, NY – APRIL 18: Alexei Yashin /

Alexei Yashin

Contract: 10 Years, $84 Million  Date: September 5th, 2001

What Alexei Yashin is most known for is the blockbuster trade that brought him to Long Island. In June 2001, then Islanders GM Mike Milbury gave up defensive rookie Zdeno Chara (year, that one), Bill Muckalt, and the Islanders 2001 second overall draft pick (used to draft Jason Spezza).

It’s a terrible trade. There’s no way to think otherwise. But the contract the New York Islanders gave him less than three months later in September was just as atrocious.

Then GM, and obvious super-genius, Mike Milbury signed Alexei Yashin to an unprecedented ten year $84 million contract with the Islanders.

Look, going into 2001 Alexei Yashin had 491 points in 504 games played. Before coming to the Isles he had a 94 point season in 1998-99 and an 88 point season in 1999-2000. In both seasons Yashin scored 40 or more goals. He was good. But $8.4 million per season on average good?

On paper it looked like the 6’4″ center would be a grand-slam for the Isles. Turns out he wasn’t Again, he was good. He still put up 290 points in 346 games for the Islanders. Helping them to get to the playoffs for three consecutive years. Something they haven’t been able to repeat since.

But the problem with the contract was mainly to do with the outrageous term. A ten-year contract. A deal that would keep Alexei Yashin with the Islanders until he turned 37-years-old. As we all know. Yashin never say the end of it.

The Islanders bought out Yashin in 2006 with another four years on the deal. Which meant that the Islanders were on the hook for Yashin’s deal for another eight seasons. Yashin was on the books until 2014-15.

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