When Iginla was the highest-paid Flame, he was also one of the highest-paid players overall. His salary/cap hit in 2008 were higher than Gio's in 2016 in actual dollars, and much higher than Gio's as a percentage of the cap.
When Iginla signed his last contract with the Flames, it was worth 13.92% of the Cap. Gio's contract was worth 9.45% of the Cap when it was signed. Both were signed a full year before they came into effect, so their percentages in the first year of the contract were: 12.35% for Iggy, and 9.25% for Gio.
The Flames didn't have an Iginla-cap just because he was the Captain and leader of the team, but also because they really couldn't have too many other players also making that kind of money and still afford to ice a competitive roster.
Even with the Iginla-cap in place, Kipper made more money in a single season than Iginla ever did. He was paid $8.5 million in the first year of his final contract. It was the back diving later years that kept his cap hit down.
Also, when Iginla signed his final contract with the Flames, he was basically what Gio and Johnny are, rolled into one. He was the Captain of the team and undisputed leader off the ice, and he was the on-ice leader as well. As went Iginla, so went the Flames.
In 2006-07 (the season before Iginla signed his last Flames contract), Iginla missed 12 games and still finished with 13 more points than Tanguay. In 2007-08, Iginla finished 32 points ahead of Huselius. In 2008-09 (the first year of his final contract), Iginla was only 7 points ahead of Cammalleri, but 40 points ahead of Langkow, who was third in scoring.
Iginla deserved to be the highest-paid Flame because of both his leadership and his performance. As good as Gio is, he's not on the same level as Iginla, and imposing some artificial Gio-cap would be a mistake for Treliving. If he decided to do that in negotiations with Johnny, it probably won't be a problem this year -- it will likely just mean signing a shorter-term deal -- but it could be a big problem a few years from now, especially if Johnny's performance keeps improving each year.
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