Just finished watching the Hawks-Ducks (great game) and the last period of the Preds-Nucks...so thought I'd drop in for a nightcap... :D
To Hem's point about Campbell and Boyle's contracts, IMHO he is missing the central logic behind the decision by Chicago and San Jose to pay these elevated salaries.
Nik Lidstrom is Detroit's highest paid player at 7.45MM/year, in fact, if what I read is correct, his contract stipulates that he be the Wings' highest paid player.
The effect of the demand for quality, (especially playmaking) D-men has driven the salaries upward, so that 6 or 7MM for a player of this calibre is now the norm. Chara 7.5MM, Campbell 7.1MM, Niedermayer 6.75MM, Boyle 6.6, Rafalski 6MM, and so on...the list has some staggering numbers, as NHLnumbers.com demonstrates:.
http://nhlnumbers.com/sort.php?pos=D&type=capnumber
Whether or not we agree with these numbers is irrelevant; the market is what it is.
So I will respectfully disagree with the esteemed Hemlock. These contracts are not 'anchors' as long as, like waterfront real estate and gold bullion, the demand is strong and the supply is low.
In Chicago's case, while one could argue that Campbell is not currently their best defenseman, there is no doubt his presence has made the entire Blackhawks d-corps better. From an economic perspective, management has factored in the risk. When Khabibulin and Havlat depart, 12.75MM is off the books, liberating dollars for Mssrs Toews, Kane, Keith et al when the time comes. The Blackhawks should be strong for several years, and are not that far away from being a Cup contender. Some say they may even challenge this year.
In San Jose and Boyle's case, Doug Wilson, one of the shrewdest GMs in the league (and a former Blackhawk BTW), understood he needed an infusion of experienced, Cup-winning defensemen to take his team to Cup contender status. Boyle was the crown jewel in that plan. So far, Wilson is being proven right.
A superficial analysis of what players 'are or aren't worth' usually relies only on individual statistical aspects. But from an investment and management viewpoint, acquiring key players and paying market value, or even above market value, is, when done by the top GMs, a roll of the dice that pays handsome dividends.
Conversely, there is no doubt that this kind of high-risk dealing can only be practised by experts.
Would acquiring a Dan Boyle or Bryan Campbell have made the Senators a contender this year? Surely not. There is a very sound argument that says there are far too many gaps in the roster to spend megadollars on a player who would not have an adequate supporting cast.
Both Chicago and San Jose were ready to make a significant leap forward, and take on premium UFAs, because they already had most of the pieces in place.
If Ottawa makes smart moves between now and the March deadline, good trades in June, and has a draft commensurate with its choices, as well as freeing up the necessary cap space, paying a premium for the right UFA defenseman or goalie makes sense.