Even in a year with a $70.3 million salary cap, finding players on cheap deals is essentially to building a winning club. Not every team has the same funds and those in smaller markets have to find players on bargain contracts to stay in contention rather than try to outbid their competitors. Big market teams have to do this, as well and it will be important next year with the cap going down, whether it's through entry-level contracts or buying low on certain free agents. The Hurricanes have done a fine job of acquiring these types of players over the years and they've had to do it out of necessity for awhile since they normally operate under a budget. Things have changed a bit over the last couple of years, though as Jim Rutherford has stated that he plans for the team to spend more money than in years past. That gives them some more wiggle room, but finding good deals will still be important.
The Hurricanes are still not going to be a cap team and are set to be about $9 mil. under the limit next season. With over $4 mil. committed to eight players next season and a few holes on the roster to fill, finding bargains is going to be essential. It's tough to predict what exactly you are going to get from a player each year, but one way to judge his contract is looking at his "Goals Versus Salary" value, which was developed by Robert Vollman. Each player has different expectations and more is expected out of players with higher salaries than those who are making the league minimum. Goals Versus Salary (GVS) tells us how each player performed relative to these expectations.
GVS is determined by looking at each player's "Goals Versus Threshold" value, which is a stat that shows the offensive, defensive and shootout "value" of each player, and comparing it to what is expected of them based on their salary. Their expected value is determined by taking their salary, subtracting it by the league minimum salary and multiplying that number by 1.99, which is the number of goals $1 mil. is worth under the current salary cap. Originally, the rule is that 3 goals costs $1 mil., but that was when the cap was much lower so I adjusted the value to what it is now. For more information on GVS, check out Hockey Prospectus' articles about it here.
After the jump, we'll look at who gave the Hurricanes the most for their money based on GVT.no comments