Question to me is how many UFA years does this eat up?
I guess in the end it doesn't really matter anyway to Carolina because they're nowhere near the ceiling anyway and it could pay off if he really develops the next few years.
This is the kind of deal you can make when you have plenty of room under the cap.
PK probably had to put up his house as collateral
“He’s been with us for a few years now. I think we have a pretty good idea of what kind of player he is, what kind of person he is and the work ethic he has,” Executive Vice President and General Manager Ron Francis said. “We felt comfortable that making the commitment long-term to him was not going to change him, how hard he worked or what he did for us on the ice.”
“Every year he’s played he’s gotten better and better, so we think he’s still going to continue to do that,” Francis said. “He’s a guy who the coaches trust in any and all situations: 5-on-5, 4-on-4, 3-on-3, power play, PK, up a goal, down a goal, late in the game. He’s a guy you feel comfortable putting on the ice. To have that kind of repertoire and belief from the coaches at 23, we think he’s only got more upside moving forward.”
Question to me is how many UFA years does this eat up?
It takes him to age 29, so from Rask's perspective this is a way to cash in on his early success while still leaving the door open to a major payday down the road. From the Canes' perspective this is a way to lock him in at a very reasonable rate for the entire duration of his young prime.
It works really well for both sides. The only thing that could realistically backfire would be if he has injury problems or something, which can happen to anyone.