From the article at TSN:
Buffalo had a payroll of approximately $29 million last season but still advanced to the Eastern Conference finals, where they lost to the Carolina Hurricanes in seven games.
But the cost of re-signing restricted free agents moved the payroll closer to the $44 million salary cap for 2006-07.
Making it to the Eastern Conference finals is a fine achievement, but a 50% increase in pay? It looks like this is a classic case of the Boiling Frog. Each individual signing may have seemed like the right thing to do at the tim…