Term and the number of UFA years involved are important here. Hughes' is signed for 8 years and gives up 4 UFA years and at that price that's isn't a superstar deal, it's a step down.
I added some players to the list, no one earlier than 2017-18 (so no MacKinnon) and edited out a few older ones. The last part shows the percentage of the cap on the date they signed (from Cap Friendly). For some deals that dropped quickly, such as when the cap jumped from 75m in 2017-18 to 79.5m in 2018-19, but obvious the later deals are stuck in frozen capville.
The global pandemic is, you know, kind of unprecedented and not foreseeable. That's why it's not "analytical" to quote raw point totals and whine like a baby about Nico's contract, it's less sexy because he signed in October 2019 and shit got real different soon after that. The cap should be much higher, not only was there a new national TV deal coming, the cap made that 4.5m jump I mentioned from Vegas' first season, so Seattle coming in was going to do the same thing. Instead the pandemic threw a lot of gasoline in the escrow grease fire.
I still have no real problem with Nico's deal. Yes, I would like more goals and I do expect more. You literally have to ignore how hockey works to undersell the value of centers though, they're incredibly valuable.
I'm actually not counting on Hughes deal being some amazing steal anytime soon but he's being paid as a lower tier star here. I don't care who says "Super Star", he took less money then Brady f***ing Tkackuk, while giving up an extra UFA year. FYI, you can't compare anyone to McDrais, they actually breaks the cap system, the Oilers can't pay them what they're worth under a cap system. (Basketball particularly suffers from this problem where the elite guys are grossly underpaid for production and a large group of vets below them are grossly overpaid.)
Some of these deals below are clearly better, based on production. This is kind of cheap though, if his agent thought he was 90-100 player he wouldn't have let him sign this contact. The length is critical because the predictions I hear is that, assuming we don't fall into a Mad Max style-dystopia, is the cap will go up slightly, or not at all in the very near future, while the escrow mess continues and then it will have a big bounce after. (The CBA end in 2025-26, but that's larger discussion.) 8m will be the new 6.5m soon enough. I don't actually think that highly of Brady Tkachuk and I had no problem with his deal either, except they only got 7 years out of him. I'm also on team @My3Sons here* and question of how fandom is served by gloomy concern trolling of our young players. Talk about wet blankets.
RFAs are doing short three deals or big money deals that are pricey no matter the length. And bridge deals blow. It's not like we need one of the main benefits of a short bridge deal in the next year or two: cap space. It's the same reason I don't understand bemoaning not getting value from Hughes while he was on his ELC in terms of cap or contracts. Of course I would have liked more production, because that's fun and stuff, but not particularly for the contract efficiency of all things, we had plenty of cap space, so it wouldn't have helped us much there. The point is to make him cheaper later. It's not like Lou didn't want to commit to Barzal, he just didn't have the cap space to buy more years.
McDavid makes $12.5/ 8 years (4 UFA years)/ 2018-19/ 16.67% (July 5, 2017)
Matthews makes $11.6/ 5 years (1 UFA year)/ 2019-20/ 14.64% (Feb 5, 2019)
Marner makes $10.9/ 6 years (2 UFA years)/ 2019-20/13.38% (Sept 13, 2019)
Eichel makes $10.0/ 8 years (4 UFA years)/ 2018-19/ 13.33% (Oct 3, 2017)
McAvoy makes $9.5/ 8 years (6 UFA years)/ 2022-23/ 11.66% (Oct 15 2021)
Fox makes $9.5/ 7 years (4 UFA years)/2022-23/ 11.66% (Nov 1 2021)
Rantanen makes $9.25/6 years (2 UFA years)/2019-20/ 11.35% (Sept 28, 2019)
Makar makes $9/ 6 years (1 UFA year)/2021-22/ 11.04% (July 24, 2021)
Kaprizov makes $9/ 5 years (2 UFA years)/ 2021-22/ 11.04% (Sept 21, 2021)
Draisaitl makes $8.5/ 8 years (3 UFA years)/ 2017-18/ 11.33% (August 16, 2017)
Aho makes $8.46/ 5 years (1 UFA year)/ 2019-20/ 10.38% (July 1, 2019)
Heiskanen makes $8.45/ 8 years (4 years)/ 2021-22/ 10.37% (July 17, 2021)
B. Tkachuk makes $8.2/ 7 years (3 years)/ 2021-22/ 10.07% (Oct 14 2021)
Chabot makes $8.0/ 8 years (4 years)/ 2020-21/ 9.82% (Sept 19 2019)
Hughes makes $8/ 8 years (4 years)/2023-24/ 9.82% (Nov 30, 2021)
Kuznetsov makes $7.8/ 8 years (6 UFA years)/ 2017-18/ 10.40% (July 2, 2017)
Q. Hughes makes $7.85/ 6 years (1 UFA year)/ 2021-22/ 9.63% (Oct 1 2021)
Svechnikov makes $7.75/ 8 years (4 UFA years)/2021-22/ 9.51% (Aug 26 2021)
Suzuki makes $7.85/ 8 years (4 UFA years)/ 2022-23/ 9.33% (Oct 12. 2021)
Ekblad makes $7.5/ 8 years (4 UFA years)/2017-18/ 10.27% (July 1 2016)
Pettersson makes $7.35/ 3 years (0 UFA years)/ 2021-22/9.02% (Oct 1 2021)
Hischier makes $7.25/ 7 years (3 UFA years)/2020-21/ 8.90% (Oct 18 2019)
Clayton Keller makes $7.15/ 8 years (4 UFA years)/ 2020-21/8.77% (Sept 4 2019)
Kyle Connor makes $7.14/ 7 years (2 UFA years)/ 2019-20/ 8.76% (Sept 28 2019)
Barzal makes $7/ 3 years (0 UFA years)/2021-22/ 8.59% (Jan 9 2021)
M. Tkachuk makes $7/ 3 years (0 UFA years)/2019-20/ 8.59% (Sept 25 2019)
Pastrnak makes $6.67/ 6 years (2 UFA years)/2017-18/ 8.89% (Sept 14 2017)
*who am I kidding, I'm always on Team @My3Sons
Is my team against the cap or can I swing a nice RFA extension in the offseason?