Not based on anything. He didn't stink at all in Tampa and even when he first joined the Sens, everyone was high on him.
Quoting: Ennis
Nothing Joseph brings to the bottom 6 is worth near 3m in term. The idea was to shed his cap, bring in Crouse, then bringing in Suter (who’s a center and a clear upgrade to Joseph) to upgrade the bottom 6.
Arizona likely wouldn’t want Joseph either, which is why I’m paying to move him.
Yes good defensive players with elite PK metrics are worth something. Plus he has averaged 29 pts per 82 games in his career, despite being buried in Tampa's depth
Last season, which was clearly not his best, he had the 290th highest PPG among forwards who played at least 41 games. Now divide that per 32 teams... Low end 3rd line production
Sure he's overpaid but it's really not as big as CF has been weirdly building up. It's not like Joseph was worth minus (-) 2.95 and Crouse plus (+) 4.3, that's not how the reality works
Also, acting like 45 pts was Ovechkin's level while 30 pts was nothing is a bit ridiculous
All that being said, I find your value between the 2 (1st + Boucher + 4th) to be more reasonable/realistic