The article is criticizing Chevy as much as it is Pavelec and I think the author is wrong in some aspects. The author is attacking Chevy for the signing only based on hindsight and has missed several points as to how our GM came to the decision.
At the time it must have seemed like a good deal to the organization, even if the term was a little long. Pavelec was coming off a season where he was named team MVP and showed flashes of brilliance. Coupled with his previous stats the year before and his relatively young age (by goaltending standards), Pavelec had the opportunity to become a good goaltender in the league and a great signing for the organization. Obviously, that is no longer the case. It was a moderate risk that has, so far, failed.
This isn't a post defending Pavelec, but defending the logic behind the signing and how it doesn't speak to Chevy's incompetence.