I thought Hossa did a great job in his one season -- regular season and playoffs -- in Detroit and well worth his $7.45 million salary. I really wish there was a way to fit him into the Red Wings' lineup in the years to come, but with the salary cap coming in just $100,000 more than last season and the salaries of Zetterberg and Franzen ballooning, there was no possible way.
But what about Hossa's perspective? He didn't get the Stanley Cup, but that's a tough thing to accomplish for even the best of franchises. Hossa's salary of $7.45 million seems to be good compensation for a year's work ... but it turned out to be a big financial loss for the Slovak.
Hossa signed with Chicago today ... 12 years at $5.23 million per for a cap hit. If there is no buyout or change in Hossa's salary during this contract, we can put a number on how much money it cost Hossa to come to Detroit last season.
There was one report, which I believe, that a team like Edmonton had offered Hossa $9 million per season for 9 seasons. Hossa's agent, Ritch Winter, said that he left $85 million on the table in taking Detroit's one-year contract. I'm not sure who had offered $85 million or if it's true, but it's in line with the $81 million Edmonton deal.
So, let's use the $81 million over 9 years as what Hossa could have had instead of the $85 million.
Hossa got $7.45 million from the Red Wings last season. Using his cap hit of $5.23 million (I'm using the cap hit because we don't know how the $81 million deal was structured for per season income nor how the Chicago deal is structured), Hossa will get $42.04 over the next 8 seasons.
That gives Hossa a total of $49.49 million over the 9 seasons after signing with Detroit. Passing up $81 million over those 9 seasons means that it cost Hossa about $31.51 million because he signed that one-year deal with the Red Wings.
Now if Hossa's contract is structured so that he earns $40 million this season and is bought out and then earns $9 million per season after going to another team ... then scratch this math. But if Hossa finishes as a Blackhawk, then we know he cost himself a little more than $30 million to play in Detroit.
I'd say the Red Wings made out much better than Hossa in their one-year deal.