I wouldn't want to sign there either.
But he did and probably did for a reason. Can't really explain why Vancouver keeps attracting these elite G prospects, despite a talented pool in NHL, AHL and college levels.
Ericsson would've been perfect on a 2 yr ELC. His first season, he spends the year in the AHL while Biron and Hank share NHL duties. By year 2 of his ELC, Biron is most likely moved and he takes the backup spot.
Also look at the Bruins continuing to sign/trade for G prospects when they had Thomas/Rask tandem. They signed Niklas Svedberg, who was the best AHL goalie this year. They also traded for Anton Khudobin for AHL depth a year ago. B's also drafted Hutchinson, who is also a solid tender prospect in 2008.
The Rangers don't pursue high end G prospects for some reason. Henrik alone can't be used as an excuse when teams with bigger depth at G are signing these guys.