Rick DiPietro Contract
It’s routinely featured as the worst contract ever in the NHL. And it’s impossible to argue with that.
On September 6th, 2006, just two months on the job, New York Islanders General Manager Garth Snow signed Rick DiPietro to a 15 year $67.5 million contract. Fifteen years. Rick was 13 days shy of his 25th birthday and the Islanders wanted to pay him an average $4.5 million until 2020-21.
That’s right. Rick DiPietro would, technically, still be under contract with the New York Islanders for another two seasons.
Was DiPietro worth that kind of money? He was the first overall pick in the 2000 NHL Entry Draft. The second goalie to ever be selected first overall. But DiPietro’s stats weren’t as flattering as his draft status.
In 2005-06, the former first overall pick held a 3.02 GAA and .900SV%. The NHL average that season was 2.92 GAA and .902SV%. At best, Rick DiPietro was an average goalie in the NHL. But yet, the Islanders gave him what was then the longest contract in NHL history.
Two seasons later injuries claimed Rick DiPietro’s career. From 2008 to 2013 he played a total of 50 NHL games. He was averaging 45 games per season since being drafted. And then in 2013, the New York Islanders bought out DiPietro’s contract.
The Islanders would have to pay DiPietro $1.5 million per year for the next 16 years. That’s a $1.5 million payout until 2029. Eleven years from now.