How are we defining overpaid? Are we saying these are the prices they would fetch in an open market? Or are we saying that they don't provide the value based on their cap hit?
Because if it's the former, you're probably right. They get the same AAV or close to it in UFA. Bang for the buck? No. All of Pageau, Palmieri, and Bailey are all about 1-2 million overpaid.
The Athletic literally just did a piece with the Isles 25th in contract efficiency. It used Dom's analytical model. We received no As for any of our contracts (Goalies were not graded, but Sorokin would likely be an A. The only players that ranked above average were Parise, Barzal, Nelson, Pelech, Pulock, Mayfield. The C range included Martin, Bailey, Pageau, Johnston, Cizikas, Lee.
The best line of the article is that the Islanders are paying way too much to be average. That's exactly right. Any player making 5+ needs to move the needle. Of the 3 I listed, Palmieri is probably the best, and closes to his value. JGP and Bailey are anchors.