I fail to see how anyone can call this deal "bad" at this particular moment. It's not hurting anything. Red Wings have the cap space to afford it.
How do we know what went on behind the scenes? It sounds like Holland wanted Ericsson for about $1.8 to $2.0 million. Ericsson is in the press speaking how he wants the chance to advance to the next level. Ericsson know's he'd easily get $3.75+ or more tomorrow. So really he took a discount.
Knowing this, Holland probably said:
"Okay, $3.25 then, but if you don't progress, I am packaging you up and trading you! - Ericsson,do you understand that I will trade you if you do not meet the potential, right?"
Ericsson - "Yes, lets do this!"
[worse case scenario, seven months later Ericsson has not improved, Holland trades him with a pick/prospect for a nice return]
In this market, Holland can get a nice return on Big Rig with this current contract. This is called "asset management". It might not look good right now, but I am sure Kenny has a plan.
OMG a knowledgeable poster at LGW... I'm Shocked lol