While this is true, we should have done a 2 year bridge deal. If he posted 80+ point seasons for 2 more years he still would have been a 8.5 million player. As it stands now, Draisaitl is a 22 year old young man trying to live up to a monster contract where he has nowhere but down to go based on last year's performance.
Poor asset management
On what basis? What's your comp?
Best comps for a big, two-way C, with multiple 80 point seasons would be:
Kopitar
Actual cap hit is $10.0 signed in 2016/17. At the time it was 13.70% of the cap. That equates to 10.27M in todays dollars.
Getzlaf:
Actual cap hit is 8.25 but it was signed in 2013/14. At the time it was 13.75% of the cap. That equates to 10.3 in today's dollars.
Do you see how eerily similar these two numbers are? That's how these things are negotiated.
We have Draisaitl at 8.5M against a 75M cap. It represents 11.33% of the cap today and certainly less in the future.
Draisaitl may not be those guys, but he doesn't need to be to be worth the contract.
But if he does score 80 x 2 more seasons, then the numbers would work out like this:
2017/18 = 11.33% of the cap
2018/19 = 8.5 / (75 x 1.03) = 11.0%
2019/20 = 8.5 / 77.3 x 1.03) = 10.68%
That would represent a 13.75 - 10.68 = 3.07% cap savings... which is about 2.3M, which is significant. Add 2.3M to Draisaitl's cap and he's 10.8M
You can come at it any way you want, but Draisaitl with two more years at a ppg pace is an $10 - 11M player.
If he slumps with this contract and is a 60 point guy 4 years from now... then, as is, he'll be taking up 10.06% of our cap. Centers in that range of cap hit include Sedin, Spezza, Koivu, O'Reilly, etc... not bad company and perfectly reasonable comps for a then 26 year old, 60pts/season Draisaitl.