Not enough angry Leaf fans in this thread.
He is overpaid and he basically sat out and got more (than anyone ever imagined).
Overpaid compared to.......?
He got a cap hit percentage that was less than Pastrnak, more than Saad.
Wingers that signed within 0.3% of his cap % in the last few years are the above mentioned as well as Ehlers, Forsberg, Huberdeau. He is as much under Guadreau's number as he is over Drouin's.
There is nothing unreasonable about the amount he is paid. Are there better deals? Absolutely. Looking back on it Pastranak was a steal, Ehlers was a steal the day it was signed, but that doesn't make a deal for a player who hasn't gotten to play on their new deal a bad one.
Pastranak had a breakout year playing with Bergeron and Marchand on the top line and top PP and put up 70 points. Prior to that he was about a 0.5 ppg player. So there was at least some concern that his totals weren't fully attributable to his talent alone and that was taken into account when he signed his deal.
Nylander putting up back to back 60 point seasons as well as keeping up his scoring in his 2nd year despite his center being out for a significant portion of the season, and losing a lot of PP time, is a reasonable bet that he is continuing to develop as well.
Nylander may never be as good a player as Pastrnak, but saying Nylander's deal is bad because of how you perceive it to be compared to a deal that is objectively fantastic value, is poor logic.
If we want to do that, can we now say McDavid's deal is a cap albatross because of how the cap hit compares to Makinnons? Or bascially can we say every player that isn't Mackinnon is overpaid simply because there is no better valued deal in the NHL?
Nylander's contract, as a whole cannot be reasoned as good or bad yet. What you can say, is whether or not you believe it was a good bet, and whether or not it seems fair compared to players who had similar production leading into their 2nd contract.
This contract sits in the middle of his most comparable players, and just about all of those contracts turned out to be great value, so at the very least, this was fairly negotiated and looks like a good bet.
It's up to Nylander to go out and prove whether or not he will provide value worthy of the contract.