You act like that's a good thing. He doesn't deserve the money he's making now. He certainly doesn't deserve a raise.
He deserves what the market will bear for a player of his talent, end of story. If you are going to bring out the 'he doesn't deserve it' card then Hemsky needs to get in line behind about 60 players in this league that don't deserve it. The Oilers already have the king of 'he doesn't deserve it on their team.
Renney line matches relentlessly when he can, the kids get soft opponents and start in the offensive zone. The veterans play against teams top lines and start in the defensive zone more often.
Look at the Oilers home record (where renney gets his match ups) and their road record (where he struggles to match and the kids get lit up)
It's night and day.
Hemsky produces well against tough opponents, he has very impressive even strength point totals over his career. Like I said he started the season off horribly and a lot of it was due to his injury. He's picked it up in the last 12 games like I just said, 9 points and he's looking more and more like himself every game.
It's ridiculous to me to base a players value entirely off a 30 game stretch to start the season on a miserable team when he JUST had shoulder surgery and it was still effecting him.
It's a little crazy to expect a guy to produce at a clip he did previously when he was getting #1 PP time where he racked up points. He barely gets PP time anymore and when he does Eric Belanger Ryan Jones or Ryan Smyth is on the ice with him with Tom Gilbert manning the point... not the best scenario to rack up extra points with the man advantage.
Bottom line if he was as bad as you think he is and not worth his money there wouldn't be teams lining up to try to trade for him.
Pretty much everything can be answered by referring to Mr Buggs great post.
Hemsky's value as a tough minutes player is pretty underrated. He usually does good there.
Hell, he's current relative Corsi at ES is currently second on the Oilers behind only Hall despite the fact that he has the hardest level of opposition overall on the team. Hemsky's biggest problem? Team shooting % at 5on5: 6.41%
Basically, that means that when Hemsky's on the ice, the opposing goalie has a 0.936 SV% so he's facing Vezina level of goaltending game after game. His current streak is probably a little regression to the mean.
In comparison, on the same team, Eberle faces 0.860 goaltending wich is also absolutely impossible to keep up.
5M$ per would be very good value for Hemsky. There are injuries risk tough so it might be smart to take advantage of a ridiculously unlucky season to go with a short term (2-3 years) deal.
Personally, I hoped he would be a Habs target on july 1rst. Plekanec really needs a bonafide tough minutes winger.
I still think $5M per is too much. Sure, you can say his poor play has been due to injuries, but that might not go away. This should be a "prove it" deal, which means it should be for less. I'd be okay with $3.5-$4M per, on a 2-3 year term, but $5M is too much IMO.