The Minnesota Wild signed Niklas Backstrom to a 4 year, $24 million contract. I first saw the news on James Mirtle's site, and I'd say he does a pretty good job outlining the reasons why Minnesota should have ushered in the Josh Harding era, if you aren't familiar with them already.
If I was GM in Minnesota, I would trade my goalies in the last year of their contracts, if anyone was willing to bite. If not, I would kick every last one of them out the door rather than pay for their inflated numbers.
Having said that, Backstrom is a decent goalie and Minnesota should be fine with him for the next four years. It just doesn't make sense in a salary capped league, while facing economic uncertainties that may lower the cap in future years, to pay a lot of money for good but not elite goaltending if you have a terrific defensive team already. Minnesota has had an exellent save percentage for years, and they haven't managed to make the leap to the upper echelon of teams in the NHL. It's going to be even harder now with less money to spend on the guys up front. The Wild would be much better off finding and signing the next Marian Gaborik to upgrade their 26th-ranked offence than overpaying Niklas Backstrom.