If it is a one way contract that type of money can set him up for the rest of his life in many ways so I can see the appeal. Plus the low cap hit makes him more appealing for staying on a NHL roster giving him some time to show his abilities and hopefully get a big contract in a few years time.
Having never really watched him as a player (as no one here has) I don't know if he is trending towards being a potentially useful player or a high draft picks that was never able to take the next step.
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