On the SJ comparable, I personally think Fast and Miller are ready right now to be our 3rd best RWs. They aren't PUSHING per se, but they're ready to step in.
On Ola's point that "7-year deals are the going rate for your best players these days," I agree - about your best players. Despite being the captain, a fan favorite and a team leader, CALLAHAN IS NOT ONE OF OUR BEST PLAYERS. The fact that Callahan came up through the system, epitomized hard work and helped turn the organizational culture around does NOT make him an equivalent to a Getzlaf or a Perry. We DID give our one home-grown elite player one of those deals - Hank just signed it a month or so ago, remember? If and when we have a true first line forward, and not a hard-working guy who's the 3rd best RW on the team, that is in a similar situation, I promise you that he too will get close to a max deal. But you DON'T give 7x7 to "intangibles" guys. Clarkson and Brown are making MILLIONS less and they're already looking like bad deals.
And as to the question of the message that it sends to other players that come up through the system: what kind of precedent does it set if you DO give him this ridiculous deal? If we drafted you, we'll be terrified of lockeroom backlash if we don't cave so 7-year deals for everyone who isn't a 4th liner/6th defenseman? Craziness. We paid Hank; Cally we offered a very good deal (which frankly was too much and I didn't like), but will be traded if he wants much more than he's worth. You will be dealt with according to your worth, as should be the case. THAT is the message.
Move him. It's in the best long-term interest of the team. And I frankly don't think it hurts that much this year - outside of last night, he hasn't been nearly as important as half the other guys on the team to the team's success.