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Wednesday, July 2, 2008

Red Wings Sign Hossa

Marian Hossa seen in his former job as a bus boy
(Marian Hossa in his former job as a bus boy)
The Detroit Red Wings have won the Marian Hossa sweepstakes signing the winger to a one-year contract worth $7.4M. So much for not paying anyone more than Nik Lidstrom, eh? I think that line of reasoning is a bit specious anyways. EDIT: Can't function this morning apparently. Lidstrom is getting 7.45 but I thought he was getting 7.25.

I actually had a brief email back and forth with a TSN personality last night in a similar vein. He - or she - said that Huet making more money than Martin Brodeur was ludicrous; as if that's the main reason that contract is insane. In terms of capabilities, yes it's crazy. But in terms of a market place, it's not a true comparison. Brodeur signed an extension 2 1/2 years ago and a lot has changed in the NHL market since then. That's why long-term contracts, while more or less guaranteeing job security, won't always guarantee that you get paid what you're worth based on the market.

Anyways, I'm getting a bit off track so back to Hossa signing with the Red Wings. Yesterday, the Wings picked up Ty Conklin for $750,000 to backup Chris Osgood. Most people expected Conklin to sign for at least $1M based on his run with the Penguins. Instead, he was cajoled onto the Cup winning team for a bargain price. Well done Detroit.

Then Marian Hossa, who I'm sure had about 8 kajillion different offers to look over yesterday, decides to head to the Cup winning team as well. If you're the kind of guy who wants to chase after a Stanley Cup, it makes sense for both sides. The Wings need to sign Zetterberg next year and he won't be cheap. This does nothing to change their cap hit for next year. For Hossa, he goes to a team that is virtually unchanged from the one that steamrolled their way to the Championship this spring.

And I guess if the Wings don't win the Cup next year - and God willing they won't - Hossa will bolt to the next team he feels is a contender.


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