Did Nicklas Backstrom Sign Below Market Value?

Did Backstrom give a bit of a hometown discount? It seems like based on the four guys listed above, Backstrom could have received more. And the other thing to keep in mind is that Backstrom is foregoing his second contract extension, typically given in the 27-29 range -- that's where players really break the bank. Perhaps the new unofficial ceiling for star players not named Sidney Crosby or Alex Ovechkin is $7 million. That seems to be the case for recent extensions involving young players after a few good years.