You need to check out Article 10.4 of the CBA. It states:
10.4 Draft Choice Compensation for Restricted Free Agents[...] The number and quality of draft choices due [...] shall be based on the average annual value of the compensation contained in the Principal Terms (as defined in Section 10.3(e) hereof) of the New Club’s Offer Sheet (determined by dividing such compensation by the lesser of the number of years of the Offer Sheet or five).
You read that right. Or five. Hey, look: a clause in the CBA that kinda sorta anticipated the whole contract tail wagging the dog deal we’ve seen so much of (e.g. Kovalchuk, Luongo, Parise, etc.).
If the contract is indeed $100MM / 14 years, approx $7.1MM AAV, I have to wonder if the Flyers (who, if memory serves, didn’t realize they were offering Pronger a 35+ contract) don’t think that falls within the second to last category (see below), where they would only have to cough up two 1sts, one 2nd and one 3rd.
Because you don’t get to divide the $100 million by fourteen. According to to Article 10.4, you have to divide it by the smaller of the number of years in the contract (14) and 5. Which would be 5.
100 / 5 = $20MM.
That’s the highest compensation category (um, by almost 250%). Four 1st round picks.
If you’re interested, here are this year’s compensation numbers, courtesy of James Mirtle:
$1,110,249 or below – Nothing
Over $1,110,249 to $1,682,194 – 3rd round pick
Over $1,682,194 to $3,364,391 – 2nd round pick
Over $3,364,391 to $5,046,585 – 1st round pick, 3rd
Over $5,046,585 to $6,728,781 – 1st round pick, 2nd, 3rd
Over $6,728,781 To $8,410,976 – Two 1st Round Picks, 2nd, 3rd
Over $8,410,976 – Four 1st Round Picks