Well so much for the Red Wings watching their spending during this year's free agent period. Wednesday, the Wings signed superstar right winger Marian Hossa to a one year deal worth $7.4 million.
Just yesterday, Hossa declined to accept a multiyear deal worth $9 million from the Edmonton Oilers. It is clear that Hossa was willing to take a pay cut for his best chance to win, which is clearly now in Detroit.
The Red Wings had not been mentioned as a team highly pursuing the Czech star because Hossa was demanding a high salary for multiple years in which the Wings could not guarantee. The one year contract enables time for Wings GM Ken Holland to be able to sign top forwards Henrik Zetterberg and Johan Franzen after the 2008-09 season when they become free agents.
The Red Wings also made it clear with Hossa's $7.4 million deal that they were not willing to pay anyone more than six-time Norris trophy winner Nicklas Lidstrom.
This blockbuster signing puts no question on the Wings intentions of repeating as Stanley Cup Champions in 2008-09. Another thing that is for sure is that there is a pretty big target on the back of the guys wearing the winged wheel in Hockeytown.