Examining how bad NHL contracts are born, Capitals won’t make major UFA signings, a look at this year’s prospective nominees for induction into the Hockey Hall of Fame, the lease agreement for the Coyotes is signed, plus a roundup of Monday’s UFA signings.

SPORTING NEWS: Kent Wilson explains how bad NHL contracts are born during the free agent period, calling it a “winner’s curse”.

SPECTOR’S NOTE: It’s a fascinating read. More often than not, the “winners” end up with buyer’s remorse. I’ve always believed NHL GMs suffer from auction fever during the opening days of the UFA market. You see something you like and bid on it, intending only to spend up to a certain amount, but then others start bidding and jacking up the price, so you blow your budget out-bidding the others, only to end up regretting that you spent so much on something which wasn’t what you thought it would be. 

Capitals GM won't make major UFA signings.

Capitals GM won’t make major UFA signings.

WASHINGTON POST: Katie Carerra reports Capitals GM George McPhee doesn’t intend to replace the departed Mike Ribeiro and Matt Hendricks via free agency, observing the limited depth of talent in this year’s market.

SPECTOR’S NOTE: The Capitals only have around $8.4 million in cap space and must re-sign Karl Alzner and Marcus Johansson. Sounds like replacement for Ribeiro and Hendricks will come from within.

THE GLOBE & MAIL: James Mirtle examines this year’s list of potential nominees for induction into the Hockey Hall of Fame.

SPECTOR’S NOTE: I believe Scott Niedermayer and Chris Chelios are locks this year. Brendan Shanahan and Eric Lindros could get consideration. Pat Burns should’ve been inducted before he died, and if he isn’t inducted this year, it’ll only heighten criticism of the HHOF voting committee.

TSN.CA: The Phoenix Coyotes prospective owners have signed their lease agreement for Jobing.com arena.

NBC SPORTS PRO HOCKEY TALK: The Washington Capitals signed defenseman Tyson Strachan to a one-year, two-way contract.

NORTHJERSEY.COM: The New Jersey Devils signed Cam Janssen to a one-year, two-way contract.

NBC SPORTS PRO HOCKEY TALK: The NY Islanders re-signed goaltender Kevin Poulin to a one-year, two-way contract.

NHL.COM: The Florida Panthers signed former NY Rangers defenseman Matt Gilroy.

NBC SPORTS PRO HOCKEY TALK: The Dallas Stars signed center Chris Mueller to a one-year contract.