longtimefan wrote:Hatrick wrote:longtimefan wrote:Along the same lines as the above post, the Athletic did an analysis of each team's contract efficiency. The Pens take a ton of criticism about how they manage the cap on here. I always believe you can't judge them in a vacuum. You have to consider the league as a hole. They finished #3 on the list, behind only Boston and Colorado.
https://theathletic.com/2166869/2020/11 ... rade-2020/The Penguins acquired one of the league’s worst contracts in Mike Matheson and somehow moved up on this list compared to last season. That’s hard to do, but it’s partially because at this time last season the team had two defenders under contract with deals just as poor in Jack Johnson and Erik Gudbranson. The outlook there looks a lot better now, especially with the emergence of Marcus Pettersson as a legitimate top-four option on a fair deal (he was an RFA at this time last year).
Up front, the Penguins still hold excellent value with Sidney Crosby and Evgeni Malkin, but it’s the duo’s sidekicks that are bringing in the most value. Jake Guentzel has evolved into one of the game’s best wingers and now has one of the league’s best contracts himself after proving he’s a legitimate point-per-game threat. As for Bryan Rust, he exploded last year and while it’s hard to imagine he can stay at that level, any regression should still find him well north of the $3.5 million he’s being paid. He’s a great player.
The Penguins are a very deep team and while there isn’t an abundance of slam dunk deals, they’re mostly above average and that’s enough to rank highly in a league littered with lesser deals. Even the Brandon Tanev deal doesn’t look as awful after a strong first season in Pittsburgh.
Here's a the explanation of their criteria. I found their opinion of Pettersson above to be especially interesting.each team is graded based on the same methodology in an attempt to measure which teams are most efficient with the money they spend. The contracts being graded are every healthy, non-ELC skater that my model has a projection for, as well as any dead money a team has on their cap via buyouts, salary retention and cap recapture penalties. That means no RFAs without a deal, no players on an entry-level contract, no players without significant NHL-playing time, no players on LTIR and no goalies. My model currently doesn’t have win projections for goaltenders beyond one season or expected contract value, so they were omitted. Unused cap space is also not part of the equation as there’s no telling exactly how that space would be used. This is just about the value of each contract currently on the books, signed as of Nov. 3.
Each team was graded based on the surplus value they bring in per player (all dead money counts as one) as well as the average probability those deals will provide positive value. Both are based on a player’s age-adjusted projected win output according to GSVA and the uncertainty in that projection for future seasons, along with the cost of a win on the open market. How much each team spends to obtain those wins will also be graded.
The main goal is looking at what teams have on the books. What a player has already done holds no merit. They may have been worth their deal as a whole and been excellent value prior, but that may not matter going forward. Future value means age is exceptionally important in terms of grading each contract, with players peaking between the ages of 22-26 and declining afterward.
Surplus value will depend on term, where more years left offer a larger opportunity to compound value, good or bad. Positive value probability depends on the certainty of a player’s projection, which depends on the size of the sample the projection. Longer term means that uncertainty increases too.
Each contract was graded based on where a player’s combined surplus value and positive value probability fall on the following percentile scale. All contract and roster data is as of Nov. 3.
yeah I cant take any type of report like that seriously if they are saying Pettersson deal is fair. Maybe they are projecting ALOT because they do say its due to future value which is a projection based on age etc. The penguins do have plenty of good contracts that people here don't talk about because we tend to focus on the negatives. (So rather than focusing on how much of a bargain sid and jake and malkin and now rust, we focus on Pettersson and Johnson and Tanev even though Tanev's deal isn't even that bad)
I do not think they are a top 3 or 5 team in terms of cap efficiency but I know there are ALOT of teams leaguewide who seem to be making the same boneheaded cap mistakes so it would not shock me if just having a couple good contracts puts them in the top 10-15.
The thing is, the national consensus has been pretty consistent as seeing MP as a budding top 4 defenseman. Not just the Athletic. I haven't cared for what I've seen as sensationalism by at least the local scribes of the Athletic, namely Yohe and Rossi. At the same time, it's not a loosely put together rumor site or blog. They've got a lot of highly respected writers across both countries. That doesn't make them right, but they aren't bloggers from afar. They have a bit more credibility because of a lot more access. We watch MP a lot closer, and that's going to allow us to focus on his warts. From the outside though, I've consistently found the opinion of MP and his contract to be viewed as fair. Not a steal, but fair.
I don't know if you have a subscription, but, if you do, I encourage you to read the opinions on the other teams. They're pretty transparent about how they arrived at the ratings. I can't copy the whole article, but it's important to not look at things in a black and gold vacuum. Here are some conclusions about the Metro rivals.
The Bluejackets came in at #4.What was noticeable even at the top of the list is that even the best teams had some bad deals on the books and that’s true of every team, except Columbus. That’s the reason the Blue Jackets rank so high as every single deal is at least average or better at this present time. That’s really hard to do.
The Hurricanes checked in at #11. They were last year's top rated team.Trading for Brady Skjei is a big part of that as he grades out as having one of the league’s worst contracts. Perhaps a change of scenery will help, but it’s tough to see him at the one-win rate expected of him.
The other major issue is a decline in value for Brett Pesce, who was projected to be worth 1.6 wins at the start of last season, but is at half of that this year. That’s the difference between a high-end No. 2 defender and a decent No. 3. At $4 million AAV, now he finds himself closer to average.
Carolina still has four A-level deals with Teuvo Teravainen leading the way and Jaccob Slavin looking excellent, but there’s not enough value after the team’s main four guys.
The Flyers were at #12.But that Hayes deal still looms large over the team’s entire cap picture. At the time of signing, Hayes looked like a high-end second-line centre, with the contract having a 38 percent chance of positive value. That’s down all the way to 11 percent now as Hayes’s 2018-19 projection looks more like a one-year flash than anything. His current projection is back to where he was the prior two seasons and that makes his $7 million deal far too pricey. It’s among the league’s worst, but the rest of the team’s cap is efficient enough to rank in the league’s upper half.
The Devils are #17.The P.K. Subban deal has aged horribly and a change of scenery only furthered his downfall. That was unexpected and leaves the Devils with one of the league’s worst deals. It’s a similar plight with Travis Zajac, but both deals expire within the next two seasons and the Devils are flush with cap space anyway.
The Isles come in at #21.Neither Anders Lee nor Josh Bailey looks especially likely to live up to their deals, while Jean-Gabriel Pageau is costing a hefty price to be the team’s third pivot. He was excellent in the playoffs but six years at $5 million AAV is tough to swallow for what will be his worst seasons.
The deals for Anthony Beauvillier, Adam Pelech and Scott Mayfield are all good and there’s little doubt Barzal will provide positive value, but overall this is a very grim outlook.
The Caps are #23.John Carlson’s deal looks nice and Jakub Vrana’s bridge deal will provide excellent value for one more season, but there’s a lot more trouble than meets the eye for this aging group. There’s a high volume of C-grade contracts from recent signings like Justin Schultz and Brenden Dillon to core pieces T.J. Oshie, Tom Wilson and Dmitry Orlov. Oshie was worth every penny in the front half of his extension but is now entering the back half where he’ll likely be less valuable.
That’s perhaps an even bigger issue for the team’s two worst contracts belonging to its top two centres, Evgeny Kuznetsov and Nicklas Backstrom. Kuznetsov’s defence has become a real issue, one that his sublime offence can’t reconcile enough to be worth nearly $8 million. The Backstrom deal is even worse. Freshly minted, it’s hard to argue he’s still a $9 million centre at 32 and that’s only going to get worse. Backstrom uncharacteristically struggled at 5-on-5 last season and that’s a rough sign for the years to come.
The Rangers are #28.There aren’t many non-ELC deals on the books for the Rangers, but those that are here offer a huge range between great (Mika Zibanejad) and awful (Jacob Trouba). The latter looks to be a big problem for New York as he’s being paid to be a No. 1 defenceman and proved last year that it’s very unlikely he can be that. It’s one of the worst deals in the league. Chris Kreider is near the bottom as well, almost entirely due to how he’s going to age. He’s worth $6.5 million now, but it’s unlikely he’ll continue to be as soon as 2021 – especially with top pick Alexis Lafreniere usurping him in the near future on the left side.
They are just opinions based on a model they created, but they are broader views than we have here as Pens fans. It is obvious that the view from outside of MP is markedly higher than what it is on these boards. Which, even if you don't like him, bodes well. If Matheson bounces back, the team will need to make a decision for the expansion draft. MP won't be unprotected simply because he is seen as having value around the league. If they decide to protect Matheson, it's very likely they can move MP for a reasonable return rather than losing him for nothing. That's a win. We may not agree, but his contract seems to be viewed as fair around the league.
I do not have a subscription, most of those rankings do make sense, although even without ELC I still don't know if I would have the rangers that low. But with the lack of non-ELC contracts I guess one bad contract really pulls the average down.
Out of curiosity who is last, the leafs?