This was posted by Kashie14:
In August 2011, Logan Couture signed a 2 year bridge for an AAV of $2.875 million. The cap at the time was $64.3M, so Couture got ~4.5% of the cap. With today's cap of 69 million, that translates to $3.105 M.
In June 2012, Duchene signed a 2 year bridge for an AAV of $3.5 million. The cap at the time was projected to be $70.2 million for the upcoming season, however a new CBA was not yet signed. Duchene got ~5% of the cap, which today translates to $3.45 million.
In September 2013, Derek Stepan signed a 2 year bridge for an AAV of 3.075 million. The cap at the time was $64.3M, so Stepan got ~4.75% of the cap, which today translates to $3.275 million.
The highest % of a cap that a 2 year bridge contract has ever been was 2013-14 when Duchene was still getting $3.5M on the newly lowered cap of $64.3 million. That was ~5.5% of the cap, which today translates to $3.795M. Again, this is the highest figure for a bridge, ever.
My hunch is that CBJ offered 3 million on the bridge with the expectation that Overhardt would bring it up to 3.5, maybe even 3.75 during the negotiations. CBJ cannot offer over 4 million dollars without completely obliterating all established bridge contract precedent. That's why Davidson mentioned that they were effectively restricted by the CBA in what they can offer. If they do offer 4.5 million a year, it's a tacit message that all of those prior contracts need to be trashed and a new precedent set. Now, it's perfectly reasonable to think that a new precedent does need to be set. I do remember after pretty much every bridge contract how everyone (on here at least) felt all those contracts were low. However, compared to his peers and the contracts they have signed, Johansen is not being lowballed by being given offers in the 3 million dollar AAV range.
The reason why a 4.5 million dollar offer feels fair is that it splits the dispute in two. It might feel fair, but it isn't, unless you feel that bridge contracts have been categorically too low. One party was close from the get-go, while the other was asking for Jupiter. Split that in half and you're still somewhere around Mars; a far cry from Earth. Giving a 4.5 AAV bridge would be about a 20% increase over the next highest a 2-year bridge has ever been after adjusting for the current cap. Johansen hasn't proven to be 20% better than the players listed above.
Can't vouch for the accuracy of the math, but it's interesting, nonetheless.