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Saying that Toews was an overpayment undervalues both intangibles such as D as Toews was always a top 2 way player, and intangibles. Toews is considered a great leader.
No argument on any of your points. But I think that contract was the highest AAV in the league at the time it was signed. Is that what good 2 way centres usually get? 2 mil less would have made him easily the highest paid C who was not an elite scorer.
Obviously the Hawks wanted to reward their top players for the 3 cups. I have no problem with that. They also appear to have wanted to value both Kane and Toews equally. That was their choice but IMO, they went too far with Toews. 8x8.5 would have been one hell of a contract for a Toews type player and should have been adequate recognition for his leadership - IMO.