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The NHL’s best bargain contracts: Northeast Division

Aug 13, 2011, 11:15 PM EDT

Vancouver Canucks v Boston Bruins - Game Three Getty Images

The hockey world tends to focus on the most regrettable contracts rather than the best ones because let’s face it: it’s more enjoyable to make fun of Brian Campbell‘s deal than to linger on Dustin Brown‘s bargain contract. That being said, clever GMs deserve credit for either finding the right timing to sign a player, judging their value better than most or simply fostering a climate in which a player will take a pay cut. This series of posts will take a look at every team to see which (if any) players deserve to be called bargains.

Notes: entry-level deals don’t count because they have built-in maximum levels. “Loophole” contracts will be considered, but they won’t receive as much consideration because of their inherent salary cap dishonesty. Bought out players will be considered for their current cap hits. I also think $6 million is a reasonable – if arbitrary – cutoff point for a true bargain player.

Boston Bruins – The defending Stanley Cup champions are, for the most part, quite nicely constructed.

David Krejci ($3.75M) – I keep beating on this drum, but not enough has been made about Krejci being the leading scorer of the 2011 playoffs. In fact, let me ask: did you know that he was the top scorer of the postseason? (Be honest.)

source: Getty ImagesRich Peverley ($1.33M) – He looked pretty fantastic in the playoffs and should score around 20 goals next season.

David Seidenberg ($3.25M) – “The Pain Sponge” seemed overpaid until the playoffs, when he rarely looked out of place alongside Zdeno Chara on Boston’s top pairing.

Tim Thomas ($5M) – I won’t call many – if any – other goalies in Thomas’ price range a steal, but he was the best goalie in the world last season and one could make a reasonable argument that he had the best season of any NHLer, period.

Tuukka Rask ($1.25M) – Then again, if Thomas falters, his backup carried the load in 2009-10. Rask is expensive for a backup but could also have some great trade value if Boston goes that route (I wouldn’t, though).

Honorable mention: Patrice Bergeron is really good, but $5 million actually seems about right for him.

Buffalo Sabres – Are there any reasonable contracts left after Pegulamania ran wild during the off-season?

Derek Roy ($4M) – If Roy is over his injuries, he’ll go back to what he was before: a fantastic bargain for a point-per-game player.

Honorable mentions: Christian Ehrhoff‘s cap hit is actually pretty cheap while Robyn Regehr could be a nice value as a shutdown defenseman, too.

source: APMontreal Canadiens – Don’t forget, Montreal didn’t sign Scott Gomez to his ludicrous contract. They actually traded for it years later, which is actually way worse.

Josh Gorges ($2.5M) – Gorges has been a surprisingly effective defensive player since going from San Jose to Montreal.

Carey Price ($2.75M) – I must admit, I didn’t expect Price to actually back up all of the hype last season. He was impressive and has the motivation of a contract year next season, which makes me think that Montreal will get a lot of value out of his two-year deal. Things might get fishy if he gets a big raise afterward, though.

Honorable mention: Max Pacioretty had 24 points in 37 games, which is a promising pace for a player as cheap as he is. He might be a steal if he can bounce back from THE HIT.

Ottawa Senators – Could this oddball team actually have some bargain deals?

Bobby Butler ($1.05M) – He has the potential to be a respectable scorer for the Senators and he’s really cheap. Plus there weren’t a whole lot of other options beyond Nick Foligno and … yeah that’s about it.

Honorable mentions: Daniel Alfredsson could be a bargain if he’s healthy and has enough left in the tank. I really like Craig Anderson, but I’m not crazy about his contract.

source: APToronto Maple Leafs – It seems like Brian Burke is starting to resemble the old Burkie again – before he seemed like Glen Sather in Burke’s clothing.

Mikhail Grabovski ($2.9M) and Nikolai Kulemin ($2.35M) – I’m skeptical that the Grabovski-Kulemin-Clarke MacArthur line will match their 2010-11 outputs, but the Maple Leafs would get a lot of value out of Grabovski and Kulemin if they did.

James Reimer ($1.8M) – Speaking of skepticism about repeated success, I have some concern that Reimer might be a one-hit wonder. Still, that one-hit was quite the top-tapper; he managed an impressive .920 save percentage in 37 games, which is enough of a sample to at least make the Leafs’ hopes reasonable. If he maintains something close to that level, then Toronto has a huge bargain contract for three seasons.

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Feel free to point out any glaring omissions or faulty inclusions. Again, remember: players on their entry-level deals don’t count, so that’s why you won’t see the P.K. Subbans of the world.

Click here for the Atlantic Division version.

Click here for the Central Division version.

  1. bobwsc - Aug 15, 2011 at 3:49 PM

    or “Dennis” Seidenberg.

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