To further expound on your point - I don't see why people think the NHL would have any sort of problem with these deals. If a team wants to strap themselves down with long term deals for which they will need to take a consistent cap hit for the life of the contract (i.e. taking a $4M cap hit when you're only paying the player $.5M), then all the power to that team and the NHL should have no problem with this. Basically teams are taking the short term benefits at the expense of the overall long term health of the franchise. Will some of these players still be a bargain in 7 years? Most likely, but not all of them will.
If a team wants to sign a bunch of these contracts, then eventually they will have to pay the price and that's a decision that each franchise has to make; it's a trade-off. So while some of these deals don't seem fair now, there will come a time when teams need to make tough decisions on buyouts/trades/cap hits/etc. If the player is ok with this, then I really don't see a problem and I really don't see the NHLPA having any sort of problem with their players having job security for a long time.

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