The Flames were reportedly offering $1.4M as a lowball arbitration offer, while Kiprusoff's agent wanted $4M. I'd say this is fair, definately not Giguere money ($4.5M annually) and definately a good investment. If Kipper crashes & burns, he's making slightly more than Roman Turek. And now that Turek took a pay cut from $5M to $2M, we get two goalies at the price that we got Turek for.
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Tough break getting Kiprusoff in arbitration this year. With the number of goalies over the past decade who have had a short, spectacular run and then fizzled into nothing I wouldn't be too excited about that pricetag just yet. If he plays the way he did this year from here on, it's a steal. But there have been too many Jim Carey, JS Giguere, Johan Hedberg, or even Roman Turek types in recent memory to get all excited about paying 3 mil to a guy who has about 2/3 of a good season under his belt.
I think as much as people in the NHL love their fighting and hard hits, its time to realize, its doing nothing for the league. Sid is the face of the NHL and him being out has to make people wonder if this sport is worth it.