A 6.5 Million Dollar Albatross
posted Jun 29, 2006 at 09:00PM
Not only did John Muckler drink the Redden kool-aid, he put on a Santa Clause suit while doing it. TSN is reporting that Muckler is signing Redden for $6.5 million/ year, thankfully for only two years.
As such Redden's salary has joined an elite cadre of players whose performance level and accomplishments Redden does not even come close to approaching.
Muckler's trades over the past year make him a prime candidate to take over from Mike Milbury as the "greatest fool" within the NHL market-place.
There is a very strong possibility, not inevitablity, but very strong possibility, that this signing will mark the beginning of the end. A few years down the road the Senators may be like other franchises, like the Capitals, the Islanders, the Blues, the Penguins, the Canadians ... that went from consistent Cup contenders and/or winners to basement beaters. Like bankruptcy, it occurs slowly ... and then suddenly.
The only thing I am hoping for is that the contract does not include a "no-trade" clause. If that is the case, then I would advise Redden to keep his bags packed.