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Originally Posted by Flames Draft Watcher
It was because it was at a time when most 2nd contract players got a bridge contract. Instead we just handed Phaneuf a long term deal with insane dollars.
Along with Rick Nash it was one of the first few large 2nd contracts in an era where that wasn't the norm. It was a bad choice by Sutter.
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the other part about it which struck me was that Phaneuf was the first big signing in a while where the guy took market rate. Other team leaders took less money/cap hit for the home town discount. It seemed to me like it would be a slap in the face to squeeze every nickel that your teammates left on the table.