NHL Free Agency: Burning Money Edition

July 1 is known as a money burning day, as the first day of both NBA and NHL free-agency begins, as well as the New York Mets' tradition of giving long-gone Bobby Bonilla a million plus interest a year until 2035. So, how will the NHL make me laugh this time?

• The big shoe that needed to drop, did, as John Tavares announced that he would be taking the Toronto Maple Leafs' offer of seven years, and an annual amount of 11 million. It's a steep price for Toronto, and it still doesn't solve their defensive woes, but Tavares potentially shoves both Auston Matthews and Nazem Kadri down a slot, which improves their offensive output. The big concern would be what happens next offseason, when both Matthews and Mitch Marner are coming off their ELCs.
• The Maple Leafs' 11 million dollar gamble wasn't actually the worst move made. No, the worst happened this morning, as the Calgary Flames decided to throw five years and an annual cap hit of 5.75 million at James Neal. You might say that's better than what Washington threw at TJ Oshie, but even four years is excessive for a 30-goal scorer that is on the wrong side of 30, has major streaks of production and non-production, and may be headed for a steep decline ala Dany Heatley. The Flames also threw over 3 million to some guy named Derek Grant. Have fun with the RFA contracts of Elias Lindholm and Noah Hanifin.
• Los Angeles did the expected, and signed Ilya Kovalchuk to a three year deal. The hit carries a 6 million dollar price tag a year, and it had been announced that the Kings intended to make him the focal point of their offense. If you're paying him that much, he better be, and if he can still score 30 goals per year, it's not bad. So, where are the Kings screwed? The eight year extension that will be carrying an 11 million dollar hit that is going to Drew Doughty. The Kings learned nothing from the Dustin Brown and Marian Gaborik sagas. The Kings will be in Cap Hell even after Kovalchuk is gone thanks to the ridiculous contracts being handed out.
• Detroit likes to kick the can down the road, and signing both Jonathan Bernier and Thomas Vanek to deals, as well as re-signing Mike Green to a new two year deal is proof. On a contending team, these signings would actually be praised. However, Detroit is not even close to contending. I know there's the albatross contracts of Justin Abdelkader, Darren Helm, and Jonathan Ericsson, but there is no way they are a Jonathan Bernier away from playoff contention.
• Chicago actually didn't do badly with signing Cam Ward to one year, as he proved that he had something left, although that wasn't necessarily by choice in Carolina, as Scott Darling self-immolated. Brandon Manning is just a warm body on defense while I absolutely don't understand how Chris Kunitz will fit with the team.
• Vegas made moves, as they slightly overpaid for four years Paul Stastny and inexplicably threw 2.75 million a year for two years at Ryan Reaves.
• Pittsburgh signed Jack Johnson. The issue with Johnson isn't money, as about 3 million a year is sensible, but term, as five years is a little long. They also brought back Matt Cullen because I don't know.
• Boston signed Jaroslav Halak for two years and a 2.75 million annual deal. Halak had a bad year, but he should rebound somewhat, since Boston is a stronger defensive team and he won't have to be overextended, as he backs up Tuukka Rask. The Bruins also signed John Moore to the same 2.75 million a year hit, but for five years. I don't know if Moore is worth that much money-wise, but he's still relatively young, and you can do worse than him if you're a Boston team that figures to be led by Charlie MacAvoy and Brandon Carlo in the future.
• Buffalo moved on from the volatile Robin Lehner in favor of an older, but calmer Carter Hutton. Hutton is getting three years, and 2.75 million per year. The bigger news is that they traded Ryan O'Reilly to St. Louis and are getting back Patrik Berglund, Vladimir Sobotka, and two draft picks. The change was needed for both Buffalo and O'Reilly, which showed cracks late season. O'Reilly instantly gives St. Louis a second line center and takes the albatross contracts of both Berglund and Sobotka off the books.
• Speaking of the Blues, they gave David Perron four years and four million per year to make his return for a third time. Inconsistent as he is, it isn't a bad number, and he showed that he has something left. They also gave Tyler Bozak a three year, 5 million a year contract because I don't know. The money is too high for what will amount to a third line center, especially now that Brayden Schenn and O'Reilly will be in front of him. They also picked up a year rental of Chad Johnson for 1.75 million. Again, too high of a price, given his lack of production lately.
• Vancouver continues to want to tread water, as they handed out identical four year, 3 million per year contracts to Jay Beagle and Antoine Roussel. Two years and just under 2 million a year for Tim Schaller and three years and 3.36 million a year to Sven Baertschi were also handed out. None of those are Loui Eriksson bad, which is good, but only the Baertschi signing makes sense, as he can still deliver on some of his offensive upside. Roussel, Beagle, and Schaller do provide a defensive presence up front that had been sorely lacking since Ryan Kesler bolted town.
• If I began with the Maple Leafs, I have to end with the New York Islanders, the team Tavares is leaving behind. I don't think Tavares leaving is a death blow, as Mat Barzal looks like he will be the best player on the Islanders by this time next year, but it certainly hurts. Saying that, the Islanders signed Leo Komarov to four years and 3 million per year. The term may be a little long, and Komarov isn't going to provide major offense, but he will provide leadership and at a reasonable price, the Islanders will have room to move. They also re-signed Thomas Hickey for four years and 2.5 million. Thought to have been a bust after failing to crack the Kings roster in the time after he was drafted in 2007, he's turned out to be a respectable defender with the Islanders, and he was one of the few bright spots on a blue line that was awful last year. The big problem was signing Valtteri Filppula for 2.75 million. It's only one year, but the Islanders did not need Filppula, who clearly has nothing left at this stage of his career.

If I didn't mention your team, it's because there weren't any good or bad moves made.