Teams have few opportunities to really break the bank and do some damage against their cap like they can during NHL free agency. Whenever viewing a particular squad's cap situation, the player that it is being overpaid typically didn't arrive via the farm system.
No, most of the brutally overpaid players in the league arrived as a free agent.
With the cap in place and successful teams doing everything they can to keep their homegrown talent, we're seeing a drastic drop-off in the quality of FAs as the years go by. Now a general manager who is looking to add an impactful player come July needs to open the checkbook a bit wider than he would have had to a decade ago.
Still, some GMs manage to not overreach while still getting their guy.
All cap hit numbers and contract information appears courtesy of Capgeek.com.