Who is going to sign P.K. Subban?

PK Subban (Photo credit: Wikipedia)

Here is an interesting story on The Hab's defenseman P.K. Subban,  apparently the Habs have offered a contract to the young defenseman for two years worth 5.5 million or 2.75 million a year, however, Subban has not yet agreed to the terms and or signed a new contract.

Some fans around the league have suggested that their favorite team sign the Hab's defenseman to an offer sheet.

Stu Hackel, Red Light Blog --- Among the most buzz-y stories this week has been the plight of Pernell Karl Subban, the Canadiens’ restricted free agent defenseman who remains unsigned. It’s worth questioning, however, if this story is worth all the buzz, although almost everything involving P.K. grabs the hockey world by the lapels and screams for attention, which is not necessarily a bad thing.

The way this story has been reported, or at least repeated, is that the Habs have offered P.K. a two-year deal for $5.5 million that he has rejected. Subban is supposedly “unhappy” and “negotiations have hit a roadblock” according to one content provider, and he’s “very far away” from reaching an agreement, according to another. More than one blogger (OK here’s one) has called for their favorite team to extend the 23-year-old an RFA offer sheet, certain that he’d be the answer to its blueline problems. This talk of Subban becoming an offer sheet target for general managers seeking defensemen spread to the XM Satellite Radio on Friday morning, with hosts and guests very curious as to why no team has gone after him.

Had the Flyers not extended an offer sheet to Shea Weber last month, the chatter about snaring another team’s RFA would hardly be as prevalent. The experience wouldn’t be that fresh in our collective minds. But the lessons of Weber and all RFA signings — which GMs understand well — haven’t resonated much for some reason.

Here’s the thing: Teams don’t sign RFAs to offer sheets very much because they tend not to achieve the desired result. The player’s original team invariably matches the offer and, as we saw with Weber’s situation, there are only hard feelings between the clubs and maybe even some between the player and his team. The only thing RFA offer sheets accomplish under the current CBA is that another team ends up negotiating a contract for a player it ultimately doesn’t sign.

Last season, Subban had seven goals and 29 assists in 81 games for the Montreal Canadians. Subban also is a restricted free agent  - so unless someone like the Philadelphia Flyers signs Subban to an offer sheet - the Habs defenseman isn't going anywhere so he is pretty much stuck with the current offer they Habs have on the table.