Blue Jackets bet big on Cam Atkinson

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Carrying a $3.5 million cap hit, Cam Atkinson ranked as one of the better bargains in the NHL, especially considering his trip to the 2017 NHL All-Star Game. It sounds like the Columbus Blue Jackets rewarded him for that hard work on Thursday.

The Athletic’s Aaron Portzline reports (sub required) that the Blue Jackets signed Atkinson to a seven-year, $40.25 million extension, which translates to a $5.75M cap hit starting in 2018-19. (Confirmed by the team Friday morning.)

Atkinson will turn 29 in June, so his extension will kick in before he turns 30. Portzline explains that Atkinson sacrificed some short-term cash for the security of a longer deal.

Interesting.

PHT broke down the Blue Jacket’s salary cap structure after they signed Alexander Wennberg to a six-year deal that carries a $4.9M cap hit. Atkinson was singled out as one of the big forks in the road for Blue Jackets management, so they made a big commitment to him tonight.

(Note: the Blue Jackets haven’t confirmed the extension, but multiple outlets back up the news Portzline broke.)

It seems like Atkinson checks out pretty nicely from a fancy stats perspective, although the $5.75M question will be: how long will this count as a bargain?

The Blue Jackets are committed to Atkinson for more term than any other player now. That said, they do have some other guys under contracts for three years or more: Wennberg, Seth Jones, David Savard, Brandon Dubinsky, Nick Foligno, Josh Anderson, and Pierre-Luc Dubois (granted, the latter is a cheat since he’s on his rookie deal).

Columbus still has some questions to answer. Sergei Bobrovsky and Artemi Panarin both only have two years remaining on their deals (counting this season). They need to figure out where Boone Jenner fits in the picture, as he’ll be an RFA next summer. Ryan Murray and Jack Johnson are both on expiring contracts, as well.

Overall, there’s definitely some risk involved in this Atkinson extension, yet we’re talking about a player in his prime who’s riding four consecutive 20+ goal seasons. If he can flirt with his breakthrough of 37 goals in 2016-17 fairly often, the Blue Jackets will be very happy with their decision.

Atkinson had been off to a somewhat slow start in 2017-18 (four goals, two assists in 15 games coming into Thursday), so maybe this extension will ease his mind, too?

James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.