When the clock strikes noon, money will be thrown like crazy ... as usual. Even with the salary cap being set lower than many general managers expected and hoped for at $69 million and whats considered a shallow pool of top-end players available, this unrestricted-free-agent period figures to follow the familiar script of teams bidding up prices to keep up with each other. "You have to be prepared rightly or wrongly to overspend and to give more term than you probably would want to," Boston Bruins GM Peter Chiarelli said on a conference call last week. "That doesnt mean you dont make a good deal, its just the deal is probably pricier than you would like." Bad contracts of years past are being revisited now as theyre bought out, like the Buffalo Sabres getting out from the rest of Ville Leinos deal or the New York Rangers having little choice but to cut ties with Brad Richards. Last years madness included Mike Ribeiro getting $22 million over four seasons, and last week he was bought out. "It is a time where I think the day after some of these contracts are signed, people go, Hmmm, and sit back and think," Winnipeg Jets GM Kevin Cheveldayoff said last week in Philadelphia. "Thats the age were living in. Thats the nature of it." The teams that sign winger Thomas Vanek, centre Paul Stastny, defenceman Matt Niskanen hope their investments prove more sound. Those three players lead the crop, followed by wingers Matt Moulson and Jarome Iginla, centre Dave Bolland, defencemen Christian Ehrhoff and Dan Boyle and goaltenders Ryan Miller and Jonas Hiller. Already, before teams are free to sign players at noon Tuesday, over $1.1 billion has been spent to retain potential unrestricted free agents at an average cost of $3.57 million, according to CapGeek. Many of the top free agents will get more money than that on an annual basis, just based on the market value. Still, Chiarelli believes its possible to spend smart money in free agency. "As long as the expectations are in place and you know the player that youre getting, I wouldnt necessarily call it a bad deal," he said. "It may be in five years if it is a bad deal, but it is something that can help your team and you just have to be cautious of the hysteria that happens." The hysteria started early this year thanks to the new five-day window teams and pending unrestricted free agents have to talk before deals can get signed. Theyve been free to discuss fits and salary parameters, just not agree verbally or in principle. It seems to have given players more leverage than before because they can consider options rather than make a quick decision on July 1. For teams, the negotiating period is still a work in progress. "Its useful in that you can lay some plans and some groundwork," Toronto Maple Leafs GM Dave Nonis said last week in Philadelphia. "Whether it helps in getting players in or not, I think that remains to be seen.” Compliance buyouts have also changed the landscape, pouring more players like Richards, Ehrhoff, ex-Vancouver Canucks winger David Booth and ex-New Jersey Devils defenceman Anton Volchenkov into the market. Those players can double-dip on pay cheques, while their former teams can allocate the saved salary-cap space elsewhere. The Buffalo Sabres have the most cap space, according to CapGeek, with almost $39 million. They need to spend more than $20 million just to get to the $51-million floor. First-time GM Tim Murray isnt worried about needing to get to the floor, nor is he scared of the perils of free agency. "I dont think its dangerous. I go back to my old cliche: evaluate properly and its never dangerous," Murray said Saturday in Philadelphia. "If you fall in love with the flavour of the week, it could be very dangerous. "But do your homework. Evaluate players properly. Go after the right players, which doesnt mean its the top guy on somebody elses list. Its who you feel is the right guy." The negotiating window has shed some light on the idea that some guys are wanted by a lot of teams. Niskanens agent, Neil Sheehy, said in an email that more than 10 teams had shown interest in the 27-year-old defenceman and that they were planning to pare down that list before Tuesday. Thats a task many of the top free agents and their representatives have been going through because its still very much a players market. "Its kind of the double-edged sword," Cheveldayoff said. "Youre trying to find pieces that can maybe push you and the different depths of the free agent market in different years entices you or maybe doesnt excite you. "But its a way to add and if you can do it reasonably and maybe someone fits in your organization and maybe it becomes a long-term thing. You have to take a look at that regardless of the dollars." 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He dislocated his left ankle in the last game of the 2011 regular season, and though he started another seven games after that, he never returned to his previous level.INDIANAPOLIS - Chuck Pagano could blame New England for one of his most bitter football memories.On the other hand, that loss also opened a new chapter in Paganos life.Now, three years after that stinging 23-20 championship game loss against the Patriots, the former Baltimore Ravens defensive co-ordinator is getting a second chance to earn a Super Bowl ticket at New England — this time as the Indianapolis Colts head coach.We wouldnt be having this discussion right now had things transpired in a different way, Pagano said as Indianapolis prepares for Sundays AFC championship game.He has often contended that if the Ravens won that day — on Lee Evans near-touchdown catch with 27 seconds left or in overtime, if Billy Cundiff had made a 32-yard field goal with 15 seconds to go — that he never would have landed in Indy (13-5).General manager Ryan Grigson didnt go that far this week, though he did recall watching the game and going through some old notes about Pagano almost immediately after Cundiffs kick sailed wide left. Within 24 hours, Grigson had contacted Ravens coach John Harbaugh for permission to interview Pagano, who was still angry.The bitterness was still emanating from him, even when we brought him in, Grigson said. So that game was his loss, but our gain because when he finally came in, it was evident to all of us in that room that this was the right guy.Three days after the game, Pagano accepted his first head coaching job.At first, the outlook looked bleak.The Colts were in the midst of a salary-cap purge and about embarked on one of the most ambitious rebuilding projects. They started by releasing a bevy of fan favourites including the seemingly untouchable Peyton Manning. Pagano now jokes that at one point he looked around his office and asked his wife, Tina, what the heck did we just do?Grigson never asked the same question about a man he viewed as a leader that could pull the best out of his players.Pagano proved to be everything Grigson envisioned and more, on and off the field.He helped convince Reggie Wayne, one of his old college players, to stick around for a hometown discount. He helped recruit defensive tackle Arthur Jones and defensive end Cory Redding, both starters who were in the Ravens locker room that awful day in New England, as free agents. It didnt take much of a push.I know what kind of guy he is,, stand-up guy, shoots it straight to you, fun, energetic at practice, expects a lot out of you in the meeting rooms to know your stuff, Redding said, explaining why he left a championship contender to join a team that went 2-14 the year before he came.dddddddddddd. Knowing the system, knowing him, it was just easy for me to make the decision.It turned out the Colts incredible turnaround was about a lot more than just wins and losses.Three games into Paganos tenure, he was diagnosed with leukemia.Pagano spent 25 days at the IU Health Simon Cancer Center in Indianapolis as longtime friends Wayne, Redding and Bruce Arians and new friends such as Robert Mathis, Andrew Luck, Grigson and team owner Jim Irsay rallied the team. After returning home, the treatments continued for two more months.The team responded to Paganos absence by winning nine times, none more electrifying than the second-half comeback against Green Bay when Wayne caught 13 passes for a career high 212 yards and the winning score with 35 seconds left. Irsay and Grigson hand-delivered the game ball to Pagano at the hospital.I cant imagine being anywhere else and having a city and a community embrace somebody they hardly know, Pagano said when he returned to the team complex on Christmas Eve. I just think thats how we roll in this great state, this great city and this great community.And Pagano just kept winning.Indy completed one its nine-game improvement over the 2011 season by winning in Paganos first game back on the sideline. The Colts have won 11 more regular-season games each of the past two seasons, the last two AFC South titles and here playoff games.But those who were with Pagano in Baltimore know thats not good enough yet.That loss lingered the whole off-season, said Jones, who was part of Baltimores 2013 world championship team. It was a tough way to end your year after making it that far. It bothers you.So this week with a second shot, Pagano is taking none at the Patriots.Hes just focused on trying to get the biggest win — and best memory — of his coaching career.Its about the game, its about the team, its about us doing our job, Pagano said Monday. We know how great a team were going to play. Youve got a Hall of Fame coach, a Hall of Fame quarterback and a bunch of great players on both sides of the ball. Its going to be a tall order. ' ' '