Shea Theodore’s new contract is a win-win for everyone involved

The Vegas Golden Knights locked up their man on Thursday, signing defenseman Shea Theodore to a seven-year, $51.975 million contract with a $7.425 million cap hit.

Theodore was going to be an unrestricted free agent this summer, but the deal locks up the top blueliner with the Golden Knights through the 2031-32 season.

On Friday’s episode of Daily Faceoff LIVE, Frank Seravalli and Tyler Yaremchuk discuss Theodore’s new contract and its benefits for all parties involved.

Tyler Yaremchuk: I feel like we say this all the time when the Golden Knights sign someone, but man, does this ever feel like a win-win! Shea Theodore gets a boatload of money to continue playing in Vegas, and the team gets one of their best defenseman locked up for under $7.5 million for the remainder of his prime.

Frank Seravalli: Then you add in the no-state income tax, then it’s a win-win-win. Look, this is a massive piece of business for Vegas. Consider the future of their blue line: Alex Pietrangelo, Noah Hanifin and Shea Theodore, and they’re all locked up for a little while. Not only that, but they’re under $24 million total starting next season.

You’ve got those guys for the foreseeable future at a time when, in pretty short order, for the first three years of this deal, the NHL salary cap will be north of $100 million, and they will be in a fantastic spot to continue to chase a Stanley Cup. We talk all the time about Stanley Cup contenders building from their back ends, and to me, that’s what’s going to keep Vegas so well positioned moving forward.

You can watch the full segment and the rest of the episode here…