Jul 7, 2014, 10:08 AM EDT
Now that free agency has, for the most part, settled down it’s time to step back and see who did the most damage.
No, we don’t mean who improved themselves the most — we’re talking about raw dollars spent. This year’s winner? The Washington Capitals.
Sure there are more players left to be signed, but the big crush is over. Considering no one has been officially signed since July 4, we’ll say it’s pretty much done for now.
As Alex Prewitt of The Washington Post shared and CapGeek.com tabulated, the Capitals spent the most money on new contracts this summer spending $69.65 million on 14 years worth of deals to Brooks Orpik, Matt Niskanen, and Justin Peters.
The Tampa Bay Lightning were next on the list with $64.85 million spent over 15 years worth of contracts. Adding Anton Stralman, Brian Boyle, and Evgeni Nabokov didn’t really make the numbers pop but re-signing Ryan Callahan to a six-year, $34.8 million deal sure did.
Rounding out the top three are the Florida Panthers were the next biggest spenders with $60.4 million spent on 18 years worth of deals to Willie Mitchell, Jussi Jokinen, Dave Bolland, Derek MacKenzie, Shawn Thornton, and Al Montoya. While the Panthers broke the bank on Bolland, their total shows every little bit adds up.
The spending of the former Southeast Division foes helped keep the New York Islanders ($57.95 million) and Buffalo Sabres ($46.375 million) out of the top three of the list, but did go to show that making sure to get above the salary floor takes a bit of work.
The Isles added $15.587 million to their cap total for next season while the Sabres added $14.875 million. Those two are distant runners-up to the New Jersey Devils ($18.262 million) and Florida ($17.3 million) to boosting their cap number.
It’s like what Sabres GM Tim Murray has been saying whenever he was asked about whether his team will hit the cap floor or not: “Spending money is easy.” As for the cap floor, only the Calgary Flames have yet to reach the $51 million mark according to Cap Geek and they’re under that by just $563,333.
- How do Voracek, Giroux compare to the most expensive duos? 52
- Voracek turns monster season into massive eight-year deal 71
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 28
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 12
- Flyers re-sign Couturier: six years, $26 million 41
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 42
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (71)
- Voracek turns monster season into massive eight-year deal (71)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)