The playoffs are already under way and by all indications it will be filled with plenty of drama to keep people up late into the night following double and triple OTs. But before the playoffs progress too much further it's time to hand out some awards from the regular season.

Evgeni Malkin might have the Hart Trophy locked up, but he's yet to win an Alternative NHL Award.

The Chicago Blackhawks announced a trio of signings today and, in the process, solidified their competitiveness for the foreseeable future. The Hawks signed Patrick Kane and Jonathan Toews to identical 5-year deals worth $6.3 million per season, while signing Duncan Keith to a monster 13-year deal worth $5.5 million per season. While signing these three players was absolutely essential for the Hawks, the deals do come with some negative consequences.

The first negative is the Hawks' dwindling cap space. This is a product of some questionable deals made by Dale Tallon a few years ago. The major problem is Brian Campbell and his salary of $7+ million per year. Oh, there’s still six years left after this season. Campbell isn’t playing horribly. He has 14 points and is plus-6, although he only has one goal. However, if you’re paying a player over $7 million a season you’d like more production than that. The second problem is Christobal Huet, who is making over $5.5 million for the next two seasons. His production is acceptable and solid goaltending doesn’t come cheap, but this isn’t the best contract. The Hawks cap issue is also compounded by the Marian Hossa signing. Hossa is an awesome talent, but at the time I thought that signing would create trouble for the Hawks both in the immediate future (now) and in the long term (since Hossa is signed for 12 years—until he is 42). These signings created the cap problems the Hawks now face.

There are rumours that the team president, John McDonough, pushed these free agent signings because he didn’t believe the young Hawks were ready to take the next step without help. The media savvy McDonough also desired to make a large splash in the Chicago sports market. It may have been prudent to wait, since the young Hawks such as Toews, Kane, Keith, Cam Barker, Brent Seabrook, Kris Versteeg, Dustin Byfuglien and Dave Bolland have progressed so rapidly. Although Chicago was the laughingstock of the league for over a decade, so I can’t entirely fault the management for wanting to create a winner at the first opportunity. And if the Hawks are able to win the Stanley Cup this year then the moves will be successful. However, if the Hawks are unable to achieve the Stanley Cup they will not have the same team to make another deep run next spring.