Winnipeg Jets sign forward to contract extension, and it's an overpay

Niederreiter was set to be an unrestricted free agent at the end of this season, coming off his contract signed with Nashville that also paid him $4M annually.

Now 31 years old, Niederreiter has mostly turned out to be a scoring third line winger over his career - although the Islanders may have had higher hopes when they selected him 10th overall in the 2010 NHL draft. This season with the Jets, he's had some success scoring 6 goals and 14 points in 23 games, but he still only averages around 15 minutes of ice time a night.

For a veteran third-line scorer with a 40 point ceiling, $4M feels like a big overpay - especially when Niederreiter's game won't translate too well in the playoffs. He does have playoff experience, playing in 87 career playoff games, but only recording 34 points. Perhaps there's a slight 'Winnipeg' tax added to the contract.