Keller's cap hit is more than long term deals signed by similar aged / better producing players such as Konecny, William Nylander, Provorov, as well as ppl like Laine, Matt Tkachuk, Brayden Point, Debrincat who are all on bridge deals. Keller's cap hit looks much worse when you take a look at deals signed just a few years prior such Pastrnak, MacK, Huberdeau who will all have less of a cap hit (link above from capfriendly)
Are you still sure we signed Keller for below market? I think we overpaid by quite a bit which dramatically increases expectations (perhaps unreasonably) for someone so young
1. You can't compare Keller's deal to deals that came previously, under different circumstances and cap numbers. All that matters is his pay rate relative to the total cap aka his % of cap taken. Someone like MacK is comically underpaid.
2. Keller's cap hit is "more" because he is signed for the entirety of his prime (8 years!) and only gets a NMC his last two years of the deal. This deal hasn't even kicked in yet.
$7.1m is not a spooky scary number in a world where someone like Jeff Skinner is getting paid $9M a year on the open market with way more miles and damage on his body. It's basically the same AAV Kevin Hayes got.
Keller hasn't even turned 22 year and plays on a hodgepodge team that prioritizes defense. Every team in the league would love to have him as a signed asset, so the Coyotes are in no way "stuck" with this contract. He is already at or near what similar production would get on the open market and he still has 8 years to go. The team loves his personality and work ethic behind the scenes which is why they gave him (and others like Dvo and Chych) such a deal. These deals are also the only way the Coyotes can be competitive in the long run. Signing guys at the last possible moment when they have all the leverage always results in a big overpay. We discussed this at length in the thread specifically for this contract.
Teams hand out bad contracts all the time to guys with very limited tread left on their tires. They overpay in dollars, term, and take on an incredible amount of risk in the process. See Lucic, Ladd, Backes etc...
Teams
should be a lot more loose with their U25 players that are essentially being signed for their entire prime. They represent less risk and the odds you recapture cap value via inflation are much, much higher.
The cap will continue to rise with a new TV deal and the addition of Seattle. Keller's contract is already good and will become great a few years from now. This is a player that can absolutely explode into a PPG+ producer in the right situation with some development. Sure beats paying Derek "BL" Stepan $6.5m.
I actually don't mind Kessel / Stepan's contracts as much because they'll be off the books in a few years. Keller and Schmaltz we have for 7-8 more years. Huge risk to take, would have been much more comfortable with bridge deals even at the same cap hit (even though I do think the current cap hit for Keller in particular is far too high)
A signed player is a controlled asset that has a certain amount of trade value. Schmaltz, for example, has a nice AAV and is a desireable RHS that can put up a PPG in the right situation. That has value. These are not bad contracts.