Is $6.7M for Alex Semin a Good Deal?

Alex Semin

Photo credit: Mitchell Layton

The snow did its best to keep me from weighing in on this issue, but the good people at Pepco restored my power just in time to offer my take, which is really just a continuation on what I thought Semin was worth back in November:

Ultimately, playoff performance and contract demands will determine Semin’s fate in Washington, but the fact that teams spent 20 percent more last summer on unrestricted free agents than the summer before leads me to believe the Caps should require a significant hometown discount in order to keep their other Russian gamebreaker for years to come.

At $6.7 million for a one year contract, I don’t qualify that as a “hometown discount”, so I have to say it’s a bit high. The one year gives both sides flexibility, and maybe Semin could be pushed into earning a long-term contract with a healthy, 40-goal season next year, but that’s unlikely considering how players similar to Semin’s 2010 campaign have performed over the following two years of their similar season.

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