The UFA Spending Spree Gone Wrong: Five Contracts Already Underwater

Every July, NHL general managers convince themselves they've found the next bargain free agent, and every July, some of them spectacularly overpay. This offseason is no exception, and we're already identifying the deals that will haunt front offices for years to come. The contracts signed by unrestricted free agents in the first few weeks of July are already looking like anchor deals that could cripple cap flexibility.