The Carolina Hurricanes have made some significant waves this offseason (get it?). On Wednesday, the 'Canes added another.
Carolina re-signed forward Jeff Skinner to a six-year deal worth $34.35 million.
The 2010-11 Calder Trophy winner, Skinner, has 107 points in his first two professional seasons. That's an impressive clip for this budding star.
The Hurricanes are spending money like it is going out of style this offseason. Some of it has gone into some risky assets.
When it comes to investing, it seems like the more you are willing to risk, the more you have the potential to earn. Carolina is following that mantra.
General manager Jim Rutherford has done a solid job of spending money and solidifying the future of the Hurricanes with long-term deals.
The future of the Hurricanes:
Jordan Staal signed a 10-year deal worth $60 million.
Jeff Skinner's new deal through 2018-19.
Jay Harrison got a three-year extension through 2015-16.
Eric Staal is under contract until 2015-16.
Cam Ward is also under contract until 2015-16.
Is Skinner's six-year extension a smart move for the Hurricanes?
Risk vs. Reward
The money the Hurricanes have handed out this offseason is not without risk.
Alex Semin signed a one-year $7 million deal that turned heads, but Carolina maintains enough research was done.
The Hurricanes also just spent a bunch of money on a very young player in Skinner. Skinner has proven he can produce even after missing time last season with a concussion.
The hope is that he avoids recurring concussion issues.
The Hurricanes have clearly sent a message to the rest of the league. These are our core guys. This is the future of our team.
''Jeff is a cornerstone player for our team, and his long-term commitment to the Hurricanes is great news for our franchise and our fans,'' Rutherford said. ''At 20 years old, he is still in the very early stages of his career, and we felt it was important to ensure he would be spending much more of it in Raleigh.'' (According to Yahoo Sports)
According to CapGeek, Carolina has $26.95 million in the Staal brothers, Semin, Ward and Skinner deals. That's nearly 40 percent of the salary cap.
They better hope this core group has what it takes to get them to the next level. That's a lot of money to not be contenders.
How will the 'Canes Fare in the Southeast Division in 2012-13?
Skinner thinks the team can get there.
"That's the goal going into any season, is to make it to the postseason and once you get there, anything can happen," Skinner said. "I think that's definitely going to be our mindset. Obviously, losing out in the last game my first year and then this past season, not getting off to the start we wanted to and digging ourselves too big of a hole, we can use those past two seasons that I've been a part of and learn from them and come out and have a good start and take it from there. (According to nhl.com)
I believe this is probably the riskiest offseason in the NHL, not just with the Semin signing.
I look at the duration of these contracts.
There are some long-term contracts that better work out for the 'Canes or they will be in a rebuilding process for a few years.
I love their aggressive moves. You can't take the next step without a little risk.
Is this the group that can get Carolina to the postseason?
With $13 million in cap room, do the 'Canes need another piece? Who?