Navigating the Salary Cap is probably one of the more important tasks for any general manager to have. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.
PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2018-19 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.
Florida Panthers
Current Cap Hit: $77,573,332 (under the $79.5MM Upper Limit)
Entry-Level Contracts
F Henrik Borgstrom (two years, $925K)
F Denis Malgin (one year, $690K)
D Ian McCoshen (one year, $925K)
Potential Bonuses:
Borgstrom: $850K
McCoshen: $200K
Total: $1.05MM
Borgstrom followed up a strong freshman college campaign with an even better sophomore year and the Panthers decided to sign him for the stretch run last season, burning the first year of his entry-level deal in the process. While he played a sparing role in their push for the playoffs, he should be a regular in their bottom six to start the year. 2019-20 should be a breakthrough season for him if all goes well and that will be the one that determines whether or not he gets a long-term pact or a bridge deal. Malgin surprised many by making the team two years ago and has spent the majority of his time in the NHL since then. He’s still waiver-exempt though which could have him shuffling back and forth once again (he’ll battle Borgstrom to stay up) but he has done enough to warrant a decent raise on his next contract.
McCoshen was the seventh defender for most of last season and as a result, he spent a lot of time as a healthy scratch. With no turnover on their back end, he’s likely to be in that role once again which means a short-term contract at a rate close to what he’s making now is likely on the horizon.
One Year Remaining, Non-Entry-Level
F Troy Brouwer ($850K, UFA)
F Micheal Haley ($825K, UFA)
G Michael Hutchinson ($1.3MM, UFA)
F Derek MacKenzie ($1.375MM, UFA)
F Jamie McGinn ($3.33MM, UFA)
D Alexander Petrovic ($1.95MM, UFA)
F Frank Vatrano ($925K, RFA)
D MacKenzie Weegar ($900K, RFA)
McGinn was brought in last summer largely to offset salary in the Jason Demers trade. He will play in their bottom six once again and then will be looking at a notable pay cut on his next deal. MacKenzie, their captain, has been a fixture on their fourth line but with them being as tight to the cap as they are and the fact he’ll turn 38 next June, it wouldn’t be surprising to see them opt for a cheaper, younger player next summer. Vatrano made an immediate impact after being acquired near the trade deadline last season. If he picks up where he left off, he could wind up doubling his current cap hit without much difficulty.
Brouwer was brought in after being bought out by Calgary earlier this month. It’s a no-risk deal for Florida – if he can lock down a regular spot, that alone will make it worth the money and if he can still produce a little bit, they’ll have a nice bargain. Haley is one of the few pure enforcers left around the league and with the little demand there is for those players, it’s hard to see him getting much of a raise on his next deal.
Petrovic has been a trade candidate for a little while now, especially after his role was reduced under Bob Boughner last season. He opted to sign for just $100K over his qualifying offer but it will be hard for him to get another raise on the open market if he remains in a depth role. Weegar has worked his way into a regular spot in the lineup but is also a player on the fringes. If he can up his average ice time by a few minutes, he’ll have a good case for next summer with arbitration eligibility; otherwise, his next deal should be close to this one.
Hutchinson projects to be the third-stringer that will most likely start in the minors but given how much he’s making to play that role, he’s at least worth a mention here. If he does clear waivers and gets assigned to the AHL, his cap hit will drop to just $275K.
Two Years Remaining
F Evgeni Dadonov ($4MM, UFA)
F Mike Hoffman ($5.188MM, UFA)
F Jared McCann ($1.25MM, RFA)
D Mark Pysyk ($2.733MM, UFA)
Dadonov’s contract was viewed as a significant risk last summer. While he had produced in the KHL, he had struggled considerably in his first NHL stint. Instead, he rewarded Florida’s faith in him by finishing fourth on the team in scoring with 65 points. All of a sudden, his deal went from a risk to a considerable bargain. Hoffman was brought in on the cheap to strengthen their winger depth. He has averaged 59 points over the last three years and if he comes somewhat close to that in Florida, he’ll be worth the money. McCann hasn’t emerged into a second line player like the Panthers hoped so he’ll get two more years to try to do so on his bridge deal. Even if that doesn’t happen, he could double his current AAV with arbitration eligibility if he repeats his numbers from last season.
Pysyk is a role player but has played well enough to hold down a spot on the second pairing more often than not. For a few hundred thousand under the league average salary, that’s decent value even if he isn’t the flashiest of players.