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Will Money Be Flowing Freely?
by Paul on 06/28/09 at 05:52 PM ET
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from Eric Duhatshek of the Globe and Mail,
In the end, the NHL’s 2009 entry draft was more about smoke than fire, with only two prominent players changing teams and half-a-dozen others still on the board, awaiting word on their respective futures.
This slow-go development, which is becoming more pronounced every year, is tied inextricably to the upcoming free-agency period, and the uncertainty about how the market is about to unfold. If the dollars paid out this year are down from the ridiculous sums commanded by players over the past two years, then the trade dynamic will change as well.
It was hard enough for Ottawa Senators general manager Bryan Murray to get good value for Dany Heatley, at a $7.5-million (all currency U.S.) annual salary-cap charge, this past week. If players of Heatley’s stature start to take deep discounts, starting July 1 – and the expectation is that Marian Hossa’s annual salary if he signs an extension with the Detroit Red Wings could average just north of $4-million a season – then it becomes even more difficult to peddle a player signed at the height of the NHL’s wild post-lockout growth spurt.
On the other hand, if teams continue their pattern of overpaying for free agents, then anybody left in the starting blocks once the premier unrestricteds go off the market, may revisit the Heatleys, the Vincent Lecavaliers and so forth – and last week’s exercise in tire-kicking could turn into something far more tangible.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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Drunken sailors get hangovers eventually. With the new, artificially leveled salary cap, I’d like this to be the end of big money contracts. Unfortunately the GM’s new drug of choice is this low cap hit, front loaded, sign a guy until he’s 40 nonsense… but that’s a CBA thing.
I really hope things settle down this year, otherwise you’ll see more than one cap-hit team next year having to dress 15 skaters (a la Calgary)
Posted by JAMESinMI on 06/28/09 at 06:05 PM ET