The Tampa Bay Lightning signed Dan Girardi, the former New York Rangers defenseman, to a two-year contract worth an average of $3M per season this morning. In doing so, they have acquired a defenseman who simply isn't capable of keeping up in today's game, and was bought out in New York as a result.
When you look at Girardi's signing in a vacuum, it is what it is. It's a bad contract for a now-bad player, but those get dished out in the NHL all the time these days. Where things get confusing specific to the Lightning is that, just last week, the team gave up Nikita Gusev's rights, a second-round pick, and a fourth-round pick so they could unload Jason Garrison's contract. This move was presumably made to open up a spot for one of the kids to play, such as a Slater Koekkoek or Mikhail Sergachev. Instead, the Lightning chose to give up those assets to get rid of Garrison so that they could fill the spot with a worse player and an extra year of term: