We lost a whole season of NHL hockey in 2004-05 because player salaries were getting out of whack and small market teams were suffering. But many (including myself) have long felt that you can't do much to prevent stupidity. If a team or a GM really wants to shoot themselves in the foot, they could do very easily it in the pre-salary cap era and as recent events show, they can still do it with with this new CBA. The most recent example comes to us from the New York Islanders
(no surprise here, eh). GM Garth Snow and owner Charles Wang have signed goalie Rick DiPietro to an unprecedented 15 year guaranteed contract that is worth $67.5 million ($4.5 million per year).
Mike Keenan has resigned as General Manager of the Flordia Panthers, a position he held since May 2004. Reports out of Florida indicate that Keenan approached owner Alan Cohen last week to let him know that he was going to move on. This decision comes as somewhat of a surprise as Mike was on his way to putting a very distinctive stamp on this team. His big trade this off-season was with the Vancouver Canucks that sent goalie Robert Luongo and prospect Lukas Krajicek for Todd Bertuzzi, Bryan Allen and goalie Alex Auld. Keenan also signed free-agents Ed Belfour and Ruslan Salei to sure up the backend.