I love Backlund...but at the same time the guy will be 29 by the time this next contract kicks into play. Meaning if he wants a 7/8 year deal you might not want to give him that much term.
If he accepts a 4-5 year deal between 5-6 million per year it's a no brainer, but anything longer or more expensive then that and you have to start to think about a potential trade.
If you can get top prospects and/or a mid-round 1st round for him then maybe you look at it if you are out of the playoff picture.
Personally I think a 5 year ~$28M dollar deal gets announced in January.
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