I think that is about the best case scenario. If his scoring pace last year wasn't an anomaly, we just got a heck of a bargain and a very, very useful bottom 6 guy. If it was just a hot streak, this salary is perfectly fine for a speedy 4th liner or injury fill in.
I'm thrilled by this signing. It is a great move for this season, is very low risk and allows Paajarvi to get UFA money if he can be a 30+ point guy over an entire season. I had no desire to go more than 1 year, so the 'risk' of losing him after a good year doesn't cause me any heartburn.
$150k over league minimum for a guy like him is great in terms of cap flexibility, even if he reverts to the player he was a couple years ago.
$10.8 mil in space left to fill the 12th, 13th and 14th forward spots, the 7th D spot and our young defensive giant who no longer believes that love is enough. That's a pretty great situation to be in. I know the McDavid/Drai has generated a lot of 'this is the year a GM should make a big offer sheet' discussion, but that type of cap room is a great deterrent to that.