Home Trades and Signings Shining Star: Center Mike Ribeiro Signs 5-Year, $25 million Extension with Dallas

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Shining Star: Center Mike Ribeiro Signs 5-Year, $25 million Extension with Dallas
Written by Maury Brown   
Tuesday, 08 January 2008 14:42

Mike Ribeiro’s great season with the Dallas Stars has been rewarded when he and the Stars agreed to a 5-year, $25 million extension – nearly doubling his salary.

Ribeiro now becomes the second highest paid player on the Stars behind Goalie Marty Turco. As reported by The AP:

"I believe he's made great strides from last year until now," said Stars interim co-general manager Brett Hull. "He's just scratching the surface. It's not a one-hit wonder type of season."

The Stars acquired Ribeiro in a trade with the Montreal Canadiens on Sept. 30, 2006. Ribeiro had 20 goals for Montreal is 2003-04.

Ribeiro has a career-high 21 goals to go with 25 assists in 41 games. He will make $2.8 million for this season. He would have become an unrestricted free agent on July 1, if the extension had not been met.


Maury Brown is the founder and president of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is also an author for Baseball Prospectus, Basketball Prospectus and is an available writer for other media outlets.

Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

 

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