What is intangibles?

Intangibles, and the consistently undervalued Kyle Wellwood  April 17, 2012 – 04:15 pm

Kyle Wellwood lazily skating back to the bench to celebrate a goal. No hustle.

I may not agree with the rationale, but intangibles matter, especially when you’re signing a free agent contract.

We have yet to cover this on the Backhand Shelf, but Kyle Wellwood signed a one-year contract worth $1.6M with Winnipeg on Friday just before closing time and every hockey writer had checked out for the day. It’s a weird contract for a few reasons, the first of which is that Kevin Cheveldayoff got a good deal for a player, and the second is that Wellwood apparently had no leverage after putting together three consecutive good seasons on one-year deals.

Eventually, you’d figure that some team will reward Kyle Wellwood for his excellent, consistent play, but the man is doomed to suffer one-year deals for the rest of his career.

Wellwood’s cap hit comparables who signed as unrestricted free agents this summer are Jim Slater, a checking centreman with some offensive upside and checking winger Gregory Campbell. Also in there are Taylor Pyatt and Peter Mueller, two guys with potential who never really panned out, and former consistent-scorer-on-the-wrong-side-of-30 Ruslan Fedotenko, who lit the lamp 9 times last season.

Source: blogs.thescore.com

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