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REPORT SAYS THAT LEMIEUX'S PENGUINS CONTRACT GUARANTEED
Published June 16, 1998
Two addenda to Mario Lemieux's seven-year contract with the Penguins -- one attached in '92, the other in '96 -- "shows his to be a highly unusual deal," according to Dave Molinari of the PITTSBURGH POST-GAZETTE. The "most striking feature of the 13-page agreement is a clause in the 1992 addendum that states, in effect, that Lemieux was guaranteed to receive the salaries, bonuses and other payments laid out in the contract, even if the league office deemed the deal invalid." The second addendum "might reveal the source of Lemieux's threatened lawsuit against Penguins co-owner Roger Marino." It calls for Lemieux to receive a $4M "rights" payment, payable in $2M installments on January 1, 1997, and January 1, 1998. Lemieux's agent, Tom Reich, said recently that the Penguins failed to make payments in January '97 and January '98, "although Reich did not specify the nature of the payments missed." Molinari detailed all aspects of the contract in his piece (Dave Molinari, POST-GAZETTE, 6/15).