Quoting: YeahRighttt
Someone low balls me badly, I generally tell them to go pound salt
I mean, considering what guys his age and who have widely known health issues usually get offered for contracts, being a 35+ contract, coupled with the role he will be expected to fill, it isn't that much of a low ball. Maybe by a few 100k.
This is what a 35+ contract is:
What is a 35-plus contract?
A contract is designated a 35+ contract if the players age on the first year of the contract is 35 or older (as of June 30 prior to the year of the effective contract).
35+ contracts that are two years in length or longer and:
1. Have a signing bonus in the 2nd or later year, OR
2. Are front-loaded
Will not benefit from a reduced cap hit regardless of the players location of play, termination, retired status, or a buyout. This rule was introduced by the NHL to prevent teams from backloading contracts past when the player was expected to retire. An exception to this rule is that a team will receive a $100,000 cap hit reduction if the player is on the 2nd or later year of the contract and assigned to the minors
So, teams don't give large amounts to 35+ contracts because they don't want to be saddled with large cap hits if the players get hurt or retire or whatever.