NHL’s Top-20 Current Worst Contracts

Market. Competition. Desperation. Self-preservation. All factors dictating, justifying and/or describing NHL General Managers’ actions during the summer months, but mostly in the early days of July when free agents hit the market. All of which contributing, in one way or another, in bidding wars bumping up the so-called market value of a player, or players within the same category, numbers used at a later date by other players’ agents in justifying the new bar for their clients in future negotiations. The best General Managers are those who can resist succumbing to the temptation of getting into betting wars, by simply sticking to their plans going in… but “simply” just isn’t that simple as it’s often easier said than done.

The irony of this whole phenomena is that the NHL imposed a hard salary cap in an attempt to stop that process, in a way to protect GMs from… themselves. But as we’ve witnessed over and over again, it hasn’t worked. All it has done is kill GM’s abilities to “fix their mistakes” by trading their bad contracts, making it less exciting for fans as in-season trades are few and far between.

“If you look at history in the NHL, the biggest mistakes are made in early July. Worst contracts, guys who underperform. The biggest mistakes are July first. You have to be careful.” ~ Marc Bergevin

As the July 1st Free Agents’ Frenzy is once again upon us, let’s take a look at the NHL’s current worst contracts. Taken into consideration are factors such as cap hit, production, games played, no trades protection, protection against buyouts (signing bonus), age and number of years remaining to the contract. In order to understand the buyout protection, signing bonuses don’t count in the case of a buyout, only the player’s salary. For example, for every year of his contract, Andrew Ladd’s base salary is $1M. The rest is all signing bonus. So the Islanders would still be left with $4.833M of his $5.5M counting against their cap.

20. Antti Raanta (G) 30 – 12 GP – 2.88 GAA – 0.906 SV%

19. Scott Darling (G) 30 – 8 GP – 3.33 GAA – 0.884 SV%

18. Ryan Johansen (F) 26 – 80 GP – 14G – 64 PTS

17. Brandon Dubinsky (F) 33 – 61 GP – 6 G – 14 PTS

16. Cory Schneider (G) 33 – 26 GP – 3.06 GAA – 0.903 SV%

15. James Neal (F) 31 – 63 GP – 7 G – 19 PTS

14. Justin Abdelkader (F) 32 – 71 GP – 6 G – 19 PTS

13. Erik Johnson (D) 31 – 80 GP – 7 G – 25 PTS

12. Ilya Kovalchuk (F) 36 – 64 GP – 16 G – 34 PTS

11. Bobby Ryan (F) 32 – 78 GP – 15 G – 42 PTS

Keep in mind that with the upcoming expansion draft, only those with No-Trade Clauses (NTC) can be left unprotected for Seattle. A player with a No-Movement Clause (NMC) MUST be protected by their team. This has a huge impact on how bad the contract is considered.

10. David Backes (F) 35 – 70 GP – 7 G – 20 PTS

9. Niklas Hjalmarsson (D) 82 GP – 0 G – 10 PTS

8. Karl Alzner (D) 30 – 9 GP – 0G – 1 PT

7. Corey Perry (F) 34 – 31 GP – 6 G – 19 PTS

6. Ryan Kesler (F) 34 – 60 GP – 5G – 8 PTS

And now down to the nitty-gritty, the five worst contracts in the NHL.

5. Nikita Zaitsev (D) 27 – 81 GP – 3 G – 14 PTS

4. Andrew Ladd (F) 33 – 26 GP – 3 G – 11 PTS

3. Kyle Okposo (F) 31 – 78 GP – 14 G – 29 PTS

2. Loui Eriksson (F) 33 – 81 GP – 11 G – 29 PTS

1. Milan Lucic (F) 31 – 79 GP – 6 G – 20 PTS

With the news that Erik Karlsson just signed a contract extension with the San Jose Sharks giving him a $11.5 million cap hit, we might have to wait a few years but that contract might eventually find its place amongst the NHL’s worst contracts… particularly if he can’t stay healthy. Either way, desperate GMs are likely to fall, as they do every year, to the peer pressure of getting a much desired free agent but as you can see, the notion that teams “get them for free” is as far as it gets from accurate. Here’s hoping that Marc Bergevin doesn’t pull another Alzner. Could Matt Duchene be a good fit? We’ll find out soon enough. Go Habs Go!

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