me2
Go ahead foot
habitual_hab said:true market price? To a very large extent, the owners themselves determine what a player's fair market value is.
A good case in point is the Bobby Holik by the New York Rangers.
Holik insisted on getting a contract worth $9 million per season. Yes, it was an extravagent demand by a player and his agent, but what's overlooked is the fact that the Rangers, Maple Leafs and Holik's former club the Devils got into a bidding war for his services.
Rather than laugh off Holik's salary demands and tell him to come back when he was willing to be more reasonable, all three teams fell over each other trying to land him. The Leafs and Devils offered up $8 mil per season before the Rangers got him by agreeing to his demand for $9 mil per season.
Did Holik and his agent hold a gun to the collective heads of Glen Sather, Pat Quinn and Lou Lamoriello? Of course not. They floated a figure and those three, rather than telling Holik to take a hike, were willing to pony up exactly what he wanted, because they wanted him that badly. Holik knew there would be teams crazy enough to overpay him.
Holik got what three teams had determined to be fair market value. If the number is extravagant, so be it, but it's still fair market value.
But that is not a true market price. Holik's price was artificially inflated by the fact he was a UFA and there weren't many around that year. If every RFA was a UFA that year we would have seen Holik's true market value. Joe Thornton is more valuable than Holik and should be paid more. This isn't a true free market.