I would love to have Paul Ranger back on the team next season. In a bottom pair role again. On the NHL market, I would value Paul Ranger at $1.75 million/yr. And that might be a conservative estimate. I wouldn't pay anything more than $1.5 million/yr for Paul though.
How did I come up with these figures? On
www.hockeyprospectus.com Paul Ranger is estimated to provide 3.3 goals produced/prevented above replacement level (GVT). Replacement level = minimum wage ($550,000) AHL call-up. On a modern hockey club, $1 million (above minimum wage) is worth about 2.8 goals above replacement (goals are probably even more valuable now to buy because of the cap going up. Before when the cap was lower, it was widely accepted that $1 million was worth 3 goals above replacement). $550000 (Minimum wage) + ($1000000 * 3.3 / 2.8) is a bit short of $1.75 million.
But if you are say a Boston Bruins level team where the team has produced 204 goals above replacement (replacement level is -123 goal differential across 82 games. Boston bruins have a +87 goal differential) and assuming a $71.1 million cap for next season, then $1 million will need to buy you almost 3.6 goals above replacement. $550000 + ($1000000 * 3.6 / 3.3) is close to $1.5 million. If we want to become more like the Boston Bruins, we need to make shrewd use of cap space like they do. That means getting complimentary, supporting cast players like Paul Ranger signed to cheap deals. Leaving room to sign the superstars for the big bucks.
Much of Paul Ranger's value comes from his slap shot at the point. His goal scoring ability and creating rebound/deflection/tip opportunities from those slap shots. That's where most of his goals above replacement come from. That's not exactly an easily replaceable skill set. And that's why Paul Ranger I think could fetch $1.75 million in the NHL market place if he wanted to. Especially if an NHL team plays him as the point man on a power play. He would bag more goals and assists and his value would go up. So yeah we definitely need a guy like him on our roster. But he is a complimentary, bottom pairing player. We still want to get a good deal out of him and underpay him. Get a hometown discount out of him.