Thursday, October 23, 2008

Erskine Signs For... Wait For It... $2.5 Million

John Erskine's two-year contract extension will pay him $1.25 million in each of the next two years. To what does he owe this 127% raise? Here's a bit of what he did last season:
To be fair, he did some good things in 2007-08, but I just don't see how it makes sense to sign a 28-year-old third-pairing (at best) defenseman with Erskine's "upside" to this deal at this time. Was there really a huge risk that he'd play himself into much more than a $1.25 million defenseman this season?

The bottom line is that Erskine wasn't even a good value last year at $537,500 - is he going to be one at more than twice that cost next year and the year after that?

25 comments:

wittcap79 said...

The extension news made me throw up in my mouth, this made me actually vomit into my dinner. Thanks, GMGM.

Old Bob said...

Amen to your comments. You could also add that he has twice in the past week taken avoidable penalties to leave his team two men down.

This signing does not make sense at all unless he has the goods on GMGM. They will be overpaying a 6 or 7 so they can keep someone who is ready to make the jump in the minors.

Giving him that contract makes it all the harder to trade him since almost everyone is bumping up against the cap. If they waive him and send him to the minors, they will wind up with half his salary if they try to bring him back.

Maybe they don't think they can fit Morrrrissssonnnn or Schultz under the cap next year under any conditions.

Stokley Rose said...

This is just horrible. Why??

TJ said...

Lets not forget his play was the one that actually let to Poti's OT penalty vs the Flyers. His penalty didnt get called then Poti tripped up the Flyer and was called as a makeup call.

He is so not worth that type of money.

gary said...

This is more absurd than 3 shots in a 9 (ok, 7) minute power play.

gary said...

Or will this explain the Caps not extending Brashear after this season?

Jimmy Jazz said...

I feel ill.

CapsKremlin said...

My reaction to the signing...

http://accordionguy.blogware.com/Photos/2005/05/noooooooo.jpg

Puddin_an_Semin said...

Wow

that's all I got on this one...

Wow

Chris said...

My buddy Mike is going to start cutting himself when he hears this. Hard to say I blame him.

Hazardous said...

I thought the extension was at his old rate, and that was fine. This amount of money is mind-boggling, though. Hope he's out gaining super powers or something.

Tyler said...

Insane. Almost incompetent.

Hazardous said...

"Incompetent" is a good word for it. I always thought GMGM dumb-lucked his way to the deals he's made recently... maybe...

false_cause said...

I actually feel that I like Erskine more than most people. I really think there's more to him than the dumb penalties and some middleweight fights others focus on. Toward the end of last season, he really showed some quality defensive instincts and early this year has addded a tiny bit of offensive daring.

That said, he clearly must have a compromising video of McPhee stashed away somewhere. In my world, a pretty fair salary is 700k and you are willing to go to 950k for him if you have cap space. He can maybe garner up to 1 or 1.1 mil, but you don't go there with the Caps' cap situation. 1.25 is very high side. All that is said without looking at salary comps around the league, so maybe I'm off base?

Anyway, I hope this gives him confidence to elevate his game, at least. I have a little faith that GMGM knows what he's up to, but I can't say this doesn't worry me.

erik said...

So disappointing.

Scott said...

screw this team. they don't know what the hell they are doing. god they piss me off. This is just stupid. Why do that when you've got a bevy of prospects to come up and play those minutes over the next few years?

breed16 said...

WHAT THE HELL? This is completely irresponsible on GMGM's part. What is he thinking?

DMG said...

screw this team. they don't know what the hell they are doing. god they piss me off. This is just stupid. Why do that when you've got a bevy of prospects to come up and play those minutes over the next few years?

I'd have to disagree that they don't know what they're doing. McPhee and the rest of the front office have done a great job with the rebuild.

As for the "bevy of prospects", Alzner is the only one who's a sure thing and going to be ready soon. Lepisto has done well in the AHL and but has been inconsistent on the ice with NHL players. Godfrey's only played a few professional games and it's pretty unlikely a sixth round pick is going to be ready at age 20 or 21. Carlson is great prospect but he's at least a year away, realistically probably more like 1.5-2.5. Finley's never played a pro game, so he's not going to be in the NHL until 2010.

Right now the Caps are carrying six natural defensemen and when Alzner's ready that will give them seven, which is typical for the NHL. Erskine's contract is two years which is about the ETA for Godfrey, Finley, and Carlson.

Holding on to Erskine I understand. Getting him for two years I can understand. But at 1.25 million a season? That's the head scratcher.

JP said...

Holding on to Erskine I understand. Getting him for two years I can understand. But at 1.25 million a season? That's the head scratcher.

DMG, ftw.

Sombrero Guy said...

When Tarik first posted that we gave Erskine a 2 year extension, I was prepared for it to be for as much as 800K per season. 1.25 is insane. Completely insane.

Hooks Orpik said...

Granted that:
A) Low-balling young players is the nature of the beast when it comes to aribitration
and
B) Erskine was set to be unrestricted at the end of the season...

Doesn't it seem a little odd the Caps would argue for a $1.1 million salary for a top pairing defenseman this summer then turn around and give more than that to a less useful player?

Paul said...

ARGH!!!! WTF WAS GMGM THINKING!!!!!!

Seriously, I just don't get it. I would have been okay with it if it was around the 550K to 600K range, but 1.25M??? Ouch, I'm glad that Ted is willing to spend, but come on, let's spend that dough wisely please.

nightfly said...

Ersk couldn't even stick with the Islanders a couple of seasons ago - and none of us miss him all that much either. He isn't going to get suddenly twice as good at 28.

Lepiso may have question marks, but I'd rather take a chance on a guy like that who has a shot of being better and cheaper than Erskine. Unlike my poor team, yours has players like Green and prospects like Alzner. This wasn't a good deal.

Dyoush said...

i mean so stupid reely
no point in keeping him
we already hav joe finley
that will be coming up in the next year or two
worst move ever

Dyoush said...

a prospect should be taking his spot in the next year or two