rh71
No Lifer
- Aug 28, 2001
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From the viewpoint of the Washington GM regarding the FA frenzy... (just another perspective)
Of course, the Caps are in no financial trouble (they are rich)... they're just going through a rebuilding period so they wouldn't make a huge FA signing regardless... I don't know why McPhee is making it sound like they're being smart... they're just not in the market."We've been involved and we've made offers that made sense to us
for the present and the future, but this market is really overpriced,"
McPhee said. "It's like jumping into the stock market at its peak --
it's the wrong time to do it."
An example of the way salaries have escalated in many cases instead
of decreasing is forward-defenseman Andre Roy, just signed as a free
agent by Pittsburgh. Roy, an enforcer who will be responsible for
protecting a bevy of new Penguins, made $825,000 during 2003-04 with
Tampa Bay but will make $1 million for each of three seasons with his
new team.
"We think teams are going to regret many of these signings," McPhee
said. "We're one week into the new CBA, and we already have some teams
in [salary] cap trouble. We've had teams calling and offering us
players, but we think the market will continue to get better."
One school of thought believes some teams currently holding onto
players may have to dump them later to get under the $39 million cap,
and that's when they become affordable.