Shortly after he rejected their qualifying offer, Mike Green signed a three-year, $18.25 million contract extension with the Washington Capitals on Monday. The skilled defenseman will earn $6 million in 2012-13 and 2013-14 and $6.25 million in 201…
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The Washington Capitals and restricted free agent defenseman Mike Green came to terms on a three-year contract extension worth $18.25 million on Monday shortly after he rejected a one-year qualifying offer worth $3.5 million in base salary. The deal is very much a double-edged sword for the Capitals, and no matter what, a bit of a coup for Green.
The biggest storyline throughout the NHL free agency period has been the exorbitant contracts handed out to second pairing defensemen. It started right in the Caps’ backyard when Dennis Wideman signed a 5-year deal with an average annual value of $5.25 million. That was followed by similar deals for Matt Carle and Jason Garrison, until even the man once known as Sheldon Souray got nearly $4 million a year from Anaheim. So on the one hand, getting a past Norris finalist who led all NHL defensemen in scoring in 2009 and 2010 for just over $6 million a year seems like a pretty good move.
However, Green has not been the same player over the past two years as he battled injuries and inconsistency. Since the end of the 2010 season, Green has played in just 81 of the team’s 164 regular season games due to concussions, groin and foot injuries, during which he’s registered just 31 points. So not only is his durability in question, but his actual value when he is on the ice is in doubt as well.
If Green, who will turn 27 before the season starts, is able to put his health problems aside and regain his old form then the Capitals will have gotten a steal. It not, they could be in a tough spot in a year or two when they’ve got that salary cap sitting on the books.
— Craig Lowell