Ok, let's look at the contract first of all. A bit of an overpayment? I don't see it that way, especially when we are talking UFAs. They always go for more than they are worth. What's important is to offset the veteran players salaries (like Bolland, Campbell) with a young stud that is under control for a significant period of time (like Huberdeau, Ekblad, Bjugstad etc.). IMO, the Panthers had far too many non-productive free agent signings like Scott Gomez among others. This is a productive signing, getting a guy in his prime who has won cups, is a leader, scores goals, defends well, and does all the little things that winning players and teams do. Don't worry about the cap until you need to worry. At least ownership is willing to spend money to get better and become competitive. How long do you want to remain in the basement anyway?
Mark my words, this is probably the best signing the Panthers had only in the sense that they needed to bring a hard nosed, muck it up, 200 foot center who can produce offense at the same time and teach the younger players what it takes to win and lead by example. Watching the Panthers last year they were pushed around a lot, and bringing in some tough and gritty players like Bolland, and Thornton to some extent too, will give extra room for guys like Huberdeau, Boyes, Fleischmann…etc. to do what they do well and flourish playing their skill game.
I would not be surprised at all if Bolland is the captain of this year's team.