He was a 0.9-1.1 points per game his entire time with the Islanders and that's exactly what he has been for the Leafs so far. If you expected his production to go up at age 28 and become a constant 90+point player then of course you are going to think he's overrated.
He has produced exactly what I expected. 80-85 points the first couple years,, 75-80 the next couple and 70-75 for the last few.
The problem is that the NHL uses AAV with a flat cap.... His %ofCap has stayed the same into the next stage of his career, exiting his prime. And the %ofCap should be declining mirroring the production decline.
You say he is overpaid rather than overrated.
What do you think is appropriate pay for his value? $9M per season?
Using that figure (or whatever you like), there are two ways of looking at it:
1) he's rated to be worth $9M, but being paid $11M - therefore overpaid
2) he's rated to be worth $11M, but performing at $9M - therefore overrated.
Two slightly different ways of looking at the same discrepancy, and eirher is valid according to the point of view.
Personally, I agree with you. I thought at the time that his value was about $8-9M per, and I think he is overpaid.
However, management paid him $11M, so presumably they rated him at that amount. From that viewpoint, he was overrated.
Either way, I think they are misusing him to try to justify their decision.