The Devils will not be swimming in cap room for much longer, so sentiments like this can come back to bite you fairly quickly especially if we strive to be a true cup competitor. If we are going to overpay players by 1 mil we want them to be difference makers not 3rd pairing Dman.
We have maybe 1 more season where we don’t have to worry about the cap in season.
The Devils need a 3-RD badly next year. They also can use a defensively responsible, veteran third-pairing partner for a likely rookie LD of Mukhamadullin, Okhotyuk or Bahl. Lyubushkin fills both these needs.
The Devils also need more physicality on their back end, better shot-blocking, and a RD who can play on the PK so Hamilton does not have to. Lyubushkin also fills these needs.
The Devils have nothing coming up on the farm at RD. Walsh cannot play NHL-caliber defense, while McCarthy is still a couple years away from challenging for an NHL role. There is no guarantee Damon Severson will stay past his UFA season next year, creating even greater need at the position.
The idea that 3rd pairing defensemen are not difference makers is a myth. How many more wins would the Devils have had this year if the 3-LD all season was, say, Nikita Zadorov or Derek Forbort instead of Ty Smith? Five? Eight? Both those players are "just" third-pairing defenders, paid in the $3 million-plus range, and both shut down the opposition with strong defense and physical play down low.
There is nothing wrong with paying a very good role-player like Lyubushkin that type of money. I mean, the Devils are basically burning $8 million a year on Johnsson and Tatar, players who don't offer any benefit in any role whatsoever. Lyubushkin would clearly improve the team. As I've said several times, if the Devils go into 2022-23 with a third pairing of Smith and Walsh (spoiler: they won't), there's little chance of a playoff berth regardless of how much they improve in net.
I'd say Lyubushkin's market value is likely in the $3 million range. My whole point is, I'd be willing to go up into the mid-$3 million range to get him. This year, he would have been 3rd on the Devils D in blocked shots -- which the Devils sorely need to improve upon -- and 1st on the blueline in hits by over 100. He was among the best in the league in terms of fewest giveaways among defensemen. I don't see what the argument against going after such a player at a reasonable salary.