I'm glad for Columbus in this matter. So it might be a little high, but they're allowed to splurge now. They have a lot of cap room, and if they feel that Foote can help get them in the playoffs then it's worth every penny to them.
I don't think this is going to set the market, it's going to take at least a season for everything to settle in to the new market. I think we'll hear about more out-of-the-blue signings like this in the next few weeks. Players who think they'll wait a month or two, hoping they'll get better offers, will find themselves in a spot of trouble. If I was a betting man I'd say that by the end of August, if a FA isn't signed yet, he'll be signing a short term contract for less than his actual value. Then he goes thru the whole thing all over again next summer, where hopefully he can get a deal better suited to the actual market.
(bah, that likely doesn't make sense...it's hard to explain in words...)
Anyways, I read an article recently about the Blue Jackets and the city of Columbus. In a nutshell it's annoying as hell to see Columbus lumped in with the other non-hockey market cities whenever contraction is discussed. Columbus is a hockey mad city, with tremendous fan support (just as much, or better, than a lot of other cities that are considered traditional hockey hot-beds). With Foote there, and Nash scoring goals, I'm really looking forward to NHL Center Ice and watching the odd Columbus game.