I definitely don't hate the Fleury extension. That said, you can not hate it without loving it. The two things don't necessarily need to be mutually exclusive.
By retaining Fleury, the Penguins are sticking with a safe, and known commodity. A replacement could be much cheaper, and could be better. But they also could be worse. And there's never a guarantee when dealing in free agency that the team will get the player that they are targeting.
I don't mind the term at all. Four years is not bad at all. Five or six years would be upsetting for me.
A pay increase of $750,000 per year is also fine. The salary cap will increase, and if $750,000 breaks the Penguins, they will have mismanaged the cap in many other ways.
Fleury is average and this contract is average. Like i said elsewhere, I would rather this contract than the ones that the Los Angeles Kings will ride out with Jonathan Quick.
Maybe I'm wrong, and this a god-awful, terrible contract and the Penguins should feel shame and all that.
Time will certainly tell, sooner than later.