Mario Lemieux’s Genius Contract

The late 1990s were an extremely tough period for the Pittsburgh Penguins and in 1998 the team was forced to declare bankruptcy. As it turned out, during his playing days Mario Lemieux had been deferring millions of dollars from his contracts to be paid in retirement, making him the team’s largest creditor. Click the link below to read about Mario’s journey and his most recent sale of the popular franchise.