Kukla's Korner

Kukla's Korner Hockey

Lowe Spending the Bucks

From Robin Brownlee at Metro,

Did Edmonton Oilers GM Kevin Lowe overpay when he inked Tom Gilbert to a six-year deal worth $24 million US Friday? Probably.

Did Lowe overpay when he signed Sheldon Souray to a five-year contract for $27 million? Definitely — by as much as $1 million a season over any other offer, according to my sources.

On both counts, the luxury of such a debate didn’t exist under the NHL’s old collective bargaining agreement — the Oilers couldn’t bid on free agents and couldn’t afford to keep their own players.  Under the new CBA, Lowe hasn’t hesitated to put his money where his mouth is in offering long-term contracts to players he deems cornerstones of the franchise.

continued…

Filed in: NHL Teams, Edmonton Oilers, | KK Hockey | Permalink
  Tags: kevin+lowe

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com