This article is being co-posted on Maple Leafs Hot Stove as well as on my own site, www.originalsixanalytics.com. Find me @OrgSixAnalytics on twitter.
In my last article, I walked through what the WAR/GAR metric is, as well as the practical applications and limitations of using it to evaluate individual players.
In this post, I would like to build on that work to (i) show how to use GAR to quantify what a player is worth in dollars, (ii) introduce the concept of ‘contract arbitrage’, and (iii) use that concept to review the cap efficiency of Jonathan Toews, Dion Phaneuf, P.