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Have Habs gone mad in free agency?

by Spector

At home in Prince Edward Island, Canada, he's known as Lyle Richardson. But around these parts, he's known as Spector, FOXSports.com's Prince of Pucks. Check in with Spector's Blog on FOXSports.com for NHL rumors and analysis.


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Updated: July 2, 2009, 3:29 PM EDT
Comment
The NHL's unrestricted free-agent market has once again opened for business and as in previous summers there was plenty of activity on the first day, with many of the big-name free agents quickly signed.

Despite concerns of a flat-lining salary cap for next season adversely affecting the market 33 players changed teams on July 1, many signing lucrative multi-year contracts.

Among the notables on the move were Marian Hossa, Martin Havlat, Marian Gaborik, Mike Cammalleri, Mike Komisarek, Nikolai Khabibulin, Mike Knuble, Brian Gionta, Mattias Ohlund and Dwayne Roloson.

Free agency 2009

spector Bargain bin: They might be a little old or have some flaws, but big-name free agents like Todd Bertuzzi are available. Spector runs down the list.
spector Cap crunched: Big free agents still left may have to accept less now. Others, like Chris Chelios, might be done altogether, Spector says.
marianhossa Marian Hossa wasn't the only one getting a good deal during free agency. .
sedintwins Spector's blog: Get the latest free agency news and analysis from Spector.

The Sedin Twins and Jay Bouwmeester (traded by Florida earlier in the week) avoided the free-agent frenzy by re-signing with Vancouver and Calgary respectively to long-term contracts.

Plenty of quality players remain available, including Saku Koivu, Alex Tanguay, Francois Beauchemin, Alex Kovalev, Adrian Aucoin, Martin Biron, Ales Kotalik, Nik Antropov and Chad LaRose.

Teams interested in those players however should move quickly as most could be off the market by week's end.

  • The busiest team on July 1 was the Montreal Canadiens, as general manager Bob Gainey had over $32 million in available cap space and the willingness to spend it.

    After years of failing to attract notable free agents to Montreal, Gainey went on the most significant free-agent-signing frenzy in franchise history, inking wingers Mike Cammalleri and Brian Gionta and defensemen Jaroslav Spacek and Hal Gill to multi-year contracts.

    Factor in Gainey's acquisition on June 30 of center Scott Gomez from the Rangers, and the Canadiens added an entire scoring line plus two veteran defensemen.

    It remains to be seen however if overhauling the roster so dramatically will pay dividends. Teams which in the past relied heavily on free agency to bolster their lineups had limited success, and if Gainey's acquisitions fail to significantly improve the Canadiens he likely won't be their general manager by this time next summer.

    While Gomez, Cammalleri and Gionta are skilled forwards they're also small, and that could limit their effectiveness against bigger, physical conference rivals like Boston, Philadelphia and Toronto.

  • Marian Hossa was considered by most observers the best forward in this summer's market, and after failing to reach terms with the Detroit Red Wings signed an eye-popping 12 year, $62.8 million contract with the Chicago Blackhawks.

    Hossa's new deal is heavily front-loaded as the deal averages a cap-friendly $5.23 million per season. He's coming off a disappointing performance in this year's playoffs, but he led the Red Wings this season with 40 goals and should be a strong addition to a young, swift, talented Chicago team.

  • It wouldn't be summer without the New York Rangers making a major free-agent acquisition or two. And this year general manager Glen Sather once again didn't disappoint, signing former Minnesota Wild winger Marian Gaborik to a five-year contract worth a whopping $7.5 million per season.

    Gaborik is a truly gifted player when he's healthy, but has been plagued by injuries for most of his career, most recently missing most of last season due to hip surgery. So there's no guarantee that changing cities will help him avoid the injury bug.

    A healthy Gaborik would be a big boost to the Rangers. (Jim McIsaac / Getty Images)

    Perhaps a bigger problem is finding a quality center for Gaborik. Having dealt away Scott Gomez to Montreal, the Rangers are lacking a first-line center and promoting Chris Drury into that role isn't a solution.

    Sather fortunately has about $15 million in available cap space to shop around, but the pickings are now pretty slim for first line centers.

  • Gaborik's former club, the Minnesota Wild, wasted little time replacing him with former Blackhawks winger Martin Havlat, signing him to a six-year, $30 million contract.

    Like Gaborik however Havlat has been hampered for years by injuries, having only played 80 or more games once in his career. If he continues to be sidelined by injury in the coming years, his signing won't be considered much of an improvement over the oft-injured Gaborik.

  • Tampa Bay Lightning general manager Brian Lawton moved quickly to address his porous defense corps, signing former Canucks defenseman Mattias Ohlund and gritty blueliner Matt Walker, as well as re-signing Lukas Krejicek.

    Ohlund will be a tutor to his young Swedish countryman Victor Hedman, whom the Lightning selected second overall in this year's draft.

    Lawton and the Lightning organization were the targets of criticism and ridicule throughout the past year for questionable signings and trades, but their recent moves suggest they've learned from their mistakes.

  • The Edmonton Oilers raised some eyebrows with their signing of Nikolai Khabibulin, not because they signed him as their starter, but rather due to the length of the deal — signing the 36-year-old to a four-year, $15 million contract worth $3.75 million per season.

    The amount per season isn't the problem, as it's almost half what he made with Chicago. But Khabibulin's NHL career has been an up-and-down one, plagued by injury and inconsistency. A two-year deal might have been the safer move, but considering the limited goaltending options available this summer the Oilers probably had little choice.

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