Penner's new deal with Oilers an ominous sign for NHL...

Various media sources are reporting the Edmonton Oilers have officially signed former Ducks forward Dustin Penner to a 5-year/$21.5 million contract.

The young sniper played in all 82 games for the Stanley Cup champions Ducks last season, scoring 29 goals and adding 16 assists for a total of 45 points and 202 shots on goal.

The signing occurs a few weeks after Lowe made a bold move in signing the Sabres' Tomas Vanek to a $7 million per season offer sheet, only to see Buffalo GM Darcy Regier match within 19 minutes.

The 6'4'', 245-pound Winkler, Manitoba native just scored big time in the bank, and the NHL should be worried.

A few years down the road, maybe, just maybe he'd be worth the money he just got from a desperate Kevin Lowe...but at this point in his career? A 24-year old sophomore with a season and a quarter under his belt making a little over $4 million per season seems too much like the old NHL, where GM's paid wildly for any hint of talent available to them.

Scott Hartnell, who recently signed a similar pact with the Philadelphia Flyers, belongs in that pool of "paying for potential, not production" players. Both Penner and Hartnell will earn $4.2 million annually for the next 5 and 6 seasons respectively.

So what does this mean for the future RFA market?

For starters, teams may be tempted to sign future restricted free-agent Jason Spezza to an offer sheet next summer, and with the Senators trying to hold on to potential unrestricted 50-goal man Dany Heatley as well, someone may very well succeed in prying him from Sens GM Bryan Murray's hands.

But not so fast, this signing of Penner is also an ominous sign.
A sign that the NHL is heading back to its old days of overpriced free-agents and overrated players...I'm starting to wonder why we lost a complete season of hockey and why Gary Bettman and the NHL are so STUBBORN not to realize what's going on.

It was a mistake to make the cap rise again to $50.3 million, if the NHL knows what's good for their league finances and fans, they'll lower that number to $45 million next year and leaves GM's little room to spend the $7 million Chris Drury got, and the $10 million Dany Heatley will likely get if this continues next year.
They won't lower the cap, so scratch that.

If they actually used their brains, they'd finally figure out that the more the cap raises, the more salaries for elite players will go up, and the more we'll be drifting back to the pre-lockout era and a potential lockout/labour dispute again.

This signing not only makes the RFA market a whole new attractive destination for GM's, and a headache for the NHL, but it also marks the end of the Brian Burke-Kevin Lowe friendship, at least according to Burke's recent harsh words to the media.

-BBeR