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Best, worst value contracts signed so far in NHL free agency 
Former Toronto Maple Leafs right wing Mitch Marner. Nick Turchiaro-Imagn Images

Best, worst value contracts signed so far in NHL free agency 

NHL free agency opened on Tuesday, and, so far, 182 contracts have been signed worth almost $800,000,000 total, per PuckPedia.

Some teams filled their areas of need with high-end players on great deals; others overpaid after losing out on top names. 

Which contracts will age well, and which had fans shaking their heads at the numbers? Let's take a look at the best and worst value contracts signed.

Best value: Mitch Marner, forward, Vegas Golden Knights

Marner signed an eight-year, sign-and-trade deal worth $12 million per season, inking the contract with his former team, the Toronto Maple Leafs, before being flipped to the Golden Knights in exchange for center Nicolas Roy.

By adding the eighth year, Vegas was able to get the annual average value down to $12 million; a seven-year contract, according to Vegas general manager Kelly McCrimmon, would have had an AAV of $13.7 million.

With Marner, the Golden Knights will gain a player who ranks seventh in points in the NHL since 2020-21 and has two top ten finishes in the Selke voting the past three seasons. While Marner does become a top-five paid player for this upcoming season, with the salary cap projected to rise, his value at $12 million per year will age very well.

Worst value: Cody Ceci, defenseman, Los Angeles Kings

Ceci signed a four-year, $18 million contract worth $4.5 million annually. Unfortunately for Los Angeles, both the contract length and AAV are problematic. 

The Kings lost top-four blue liner Vladislav Gavrikov to free agency and depth defender Jordan Spence to a trade, and Ceci is both a below-average defender and provides little offense to replace either of the two.

Ceci now becomes Los Angeles's second-highest-paid defenseman; if the Kings have to play him in their top four, it may not bode well for their defensive depth this season.

Best value: Pius Suter, forward, St. Louis Blues

Coming off a career year with the Vancouver Canucks, Suter signed a two-year, $8.25 million deal with the Blues worth $4.125 million per year. The forward from Zurich is a Swiss army knife, capable of playing anywhere in the lineup at both center and wing positions.

Suter should immediately help shore up the Blues' center depth, and, with the seventh-most short-handed minutes among forwards last season, he should help improve the Blues' 28th-ranked penalty kill.

While he may not match his 25-goal total from last season, his two-way play should provide excellent value at $4.125 million per year.

Worst value: Ryan Lindgren, defenseman, Seattle Kraken

The Kraken signed former Rangers and Avalanche defenseman to a four-year, $18 million deal ($4.5 million AAV), but it's uncertain if the rugged blue liner is a fit. 

Lindgren is a physical defensive defenseman who willingly puts his body on the line to block shots; however, for Seattle, it feels like more of the same. With Adam Larsson and Jamie Oleksiak already playing a defensive role in their top four, Lindgren will likely spend time on the bottom pairing, and at $4.5 million, it may be an overpay.

Value-wise, The Athletic's Shayna Goldman had Lindgren projected at $2.3 million AAV, about half of what the Kraken gave him.

A one-year contract at that number may have been a good bet for Seattle; at four years, though, the contract has the potential to be problematic for a team looking to return to the playoffs for the first time since 2023.

Natalie Vaitas

Natalie Vaitas is a sports writer based in Grand Rapids, Michigan. She received her Sport Management degree from Aquinas College in 2021, where she was a member of the women's hockey team. She has experience covering the NHL and her hometown Detroit Red Wings; she also enjoys attending Michigan football games with her family. 

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