Because we're debating UFAs.
we're discussing how much you can reasonably expect a player to earn.
if anything, his status as a ufa should increase his contract value, not depress it.
He was a pending UFA. Not a great deal of difference. They had to pay it or lose him to UFA.
if that's how you want to look at it -- every player is a pending ufa, and rfa contract values are often predicated on buying up years of unrestricted free agency.
so the ominpresent threat of unrestricted free agency has an inflationary impact on contracts because it gives bargaining power to players. which is exactly what corey perry is going to have on the open market and exactly why, if he becomes an unrestricted free agent, he is going to earn a bigger cap hit than the 18th biggest hit amongst forwards in the league.
These are the exceptions I noted above - career deals for RFA franchise/generational talents.
corey perry just won a freaking hart trophy. crosby, malkin and ovechkin are or were generational talents. staal? perry i sactually pretty darn comparable.
with term limits and cap variance you are talking about buying up his prime years. you are also talking about an environment in which his contemporaries are earning upwards of $10-14mn per year.
and you're trying to argue that he is going to sign a contract that with variance will never fall below the $5 range, and never go above the $8 range.
it's just not going to happen.