If you're asking yourself : LL is definitely going to overpay him and people will cry Leino. But if you look at the big picture, it's fine. When he trusts you, Lou Lamoriello puts in the extra "effort" to make sure your work is held to a high standard. Loyalty and team first mindset.
He'll get 5 million if he wants it, if he takes a pay cut, he will probably get around 4.5. I think he will make somewhere between 4.25 and 4.75. If he hits the open market, some teams going to offer him more than 5 million.
At 4.5 million, he's solid value for his contributions. 5 million is pushing it, but it's acceptable. Anything much higher than that, to me, is overpayment.
On the current cap number sure, maybe. Going into next year and a lower cap number, would be very leery at that price. He seems to be the kind of character guy to know that he has a good situation going on in Jersey can would take a little less...