According to Robin Brownlee:
Did Lowe overpay when he signed Sheldon Souray to a five-year contract for $27 million? Definitely — by as much as $1 million a season over any other offer, according to my sources.
This seems to be consistent with Souray's quote last summer:
“When Edmonton came into (talks), I honestly couldn’t believe that they’d be serious about spending that much money on a guy like me. It was a no-brainer. Everything was too good.
“It took me two minutes to say yes. I told my agent, ‘Have the papers faxed to sign before they change their mind.’ ”
Lowe must have really liked Souray or wanted a big-name UFA signed at all costs.
Or, he just has some terrible negotiation skills.