Well this is just more proof that Ken Holland is playing chess while the rest of the NHL is playing checkers. There are numerous benefits to the long 12 year $73M deal that Holland crafted for Zetterberg. The first important thing to note is that the final three years of the deal pay Zetterberg $3.35M, $1M, and $1M. So this is not a backloaded deal that will cripple the Wings down the road. Secondly, the length allows for a reduced yearly salary. Instead of a 5 year deal paying $8M a year, the Wings are paying on average $6M a year, and mostly between $6.5 and $7M throughout the contract. The annual $1-2M saved is no small thing, as it will allow them more financial flexibility with the rest of the roster. Third, Zetterberg is a franchise-type player, a complete two way talent who you can build a team around. This deal gives Holland peace of mind that he can acquire players to mesh with his core.
Holland now turns his attention to Hossa and Franzen. One is expected to be extended before the season ends, and the other is expected to hit it rich in free agency. Nobody thinks Holland can find a way to keep both. But never doubt this mad-wizard of a GM. Zetterberg just gave the Wings a hometown discount, freeing up cash to work in both. If either Franzen or Hossa decides its worth sacrificing $1M a year, then Holland might find a way to fit both under the NHL salary cap, which is a whole other story (does it go up or down?). It will undoubtedly be an intriguing summer for a Wings fan, but right now they can just enjoy the briliance of this deal.
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