Is the money insane? Yep.
Is it a lot of years? You bet.
I'm not surprised by the term or the cap hit, and sure, I wish he had signed for 5 mil per, but that just wasn't going to happen.
Has he earned that contract? I don't know. I think there is always risk with any contract, and I think there is always more to prove, but ultimately it comes down to how you feel about the player. I'm sure Chia is doing a fair amount of projecting here, which is what you have to do with any contract.
He hasn't played a full season, but he happens to be an RFA after this season, which just happened to be lockout. So at this point, Chia has to evaluate and project, and determine if this is the guy going forward. I say he is, and apparently Chia does as well.
Am I 100% certain that this deal will work out? No. But I feel pretty good about it. He's still getting better, and I don't think this deal will seem that ridiculous in a few years when there is much more room under the cap and goalies are getting bigger deals than this.