Salary Cap Deep Dive: Columbus Blue Jackets

Navigating the salary cap is one of the more important tasks for any GM.  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 2020-21 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of CapFriendly.

Columbus Blue Jackets

Current Cap Hit: $72,274,125 (under the $81.5MM Upper Limit)

Entry-Level Contracts

F Emil Bemstrom (two years, $925K)
D Andrew Peeke (one year, $917K)
F Alexandre Texier (one year, $898K)
F Liam Foudy (two years, $894K)

Potential Bonuses

Bemstrom: $850K
Peeke: $850K
Foudy: $375K
Total: $2.08MM

Despite not having brought in much young talent the past few years in the draft, the Blue Jackets do still have a number of young players who could make a quick impact on their franchise. Bemstrom, a fourth-round pick from 2017, came over from Sweden last year at the age of 20 and played in 56 games, scoring 10 goals in his rookie season. He should continue to force his way into the more and more minutes and the speedy forward could eventually develop into a 25-goal scorer. Texier is another quick-moving forward who could develop into a future core piece of the team. Despite dealing with a back injury, Texier scored six goals in 36 games as a 20-year-old. Foudy played most of last season in the OHL, but did get a chance to appear in two games for Columbus, but the 2018 first-rounder is also a candidate to challenge for playing time with the Blue Jackets next season.

Peeke, on the other hand, looks to already be penciled into the Blue Jackets’ blueline. With the departures of Ryan Murray and Markus Nutivaara, Peeke will get every opportunity to claim one of the third pairing openings. The 22-year-old looked impressive in 22 appearances last year and could eventually work his way towards a top-four spot.

One Year Remaining, Non-Entry-Level

F Brandon Dubinsky ($5.85MM, UFA)
F Nick Foligno ($5.5MM, UFA)
D David Savard ($4.25MM, UFA)
F Riley Nash ($2.75MM, UFA)
F Oliver Bjorkstrand ($2.5MM, RFA)
F Mikko Koivu ($1.5MM, UFA)
F Mikhail Grigorenko ($1.2MM, UFA)
F Kevin Stenlund ($874K, RFA)

The Blue Jackets have quite a bit of salary coming off the books next season. First off the list will be Dubinsky who has scored just 12 goals since the 2017 season as he has been dealing with a wrist injury and recently general manager Jarmo Kekalainen said he wasn’t likely to ever play professional hockey again. That frees up a lot of cap room. Foligno is a different matter, however, as the 33-year-old may have seen a slight decline in his play recently, but the team will likely do what it can to retain their captain, who has been a key figure for the team both on and off the ice, even if he may be moving to the bottom-six of the lineup in the near future.

The team will also have to make a decision on Savard, who is one of the team’s top defensive players. The 30-year-old doesn’t help much offensively, but is a minutes eater who has been a key piece to the team’s top-four.

On the restricted front, the team’s top RFA next offseason will be Bjorkstrand, who has scored 20 or more goals for two straight seasons and is starting to come into his own. The 25-year-old posted 21 goals in 49 games last year, on pace for a potential 35-goal season had an ankle injury and the pandemic not cut into a chunk of his season.

Kekalainen also took a couple fliers, signing veteran Koivu and KHL star Grigorenko to one-year deals. Koivu should provide the team with key leadership and be able to help out the team’s bottom-six and penalty kill, while the Blue Jackets are hoping that Grigorenko, a former lottery pick in 2012, might be able to make it work in North America on his second attempt. The Russian, now 26, could never find his niche in the NHL and returned to the KHL, where he tallied 38 goals and 93 points combined in his last two seasons for CSKA Moscow.

Two Years Remaining

D Seth Jones ($5.4MM, UFA)
F Max Domi ($5.3MM, UFA)
D Zach Werenski ($5MM, UFA)
G Elvis Merzlikins ($4MM, UFA)
F Boone Jenner ($3.75MM, UFA)
G Joonas Korpisalo ($2.8MM, UFA)
D Dean Kukan ($1.65MM, UFA)
D Scott Harrington ($1.63MM, UFA)
F Eric Robinson ($975K, UFA)
F Nathan Gerbe ($750K, UFA)
D Gabriel Carlsson ($725K, RFA)

The Blue Jackets have quite a few key players hitting unrestricted free agency in a couple of years and will have to find a way to sign some of them to long-term deals. At the top of that list are their two star defensemen in Jones and Werenski. Jones has been one of the most dominant players on the team’s stifling defense and plays quite a key role on offense as well. The blueliner scored six goals and 30 points in just 56 games, but was sorely missed when he went down with an ankle injury in February. His partner, Werenski stepped it up, especially on offense last year, breaking the 20-goal mark for the first time and in just 63 games last year. The two together form one of the top defensive lines in hockey. Both will require quite a large sum of money to re-sign, but the Blue Jackets look like they should have money to spare to sign both of them.

Columbus also acquired Domi from the Montreal Canadiens in exchange for disgruntled forward Josh Anderson and now have two years to decide if the 25-year-old forward can make the most of the next two seasons. Domi scored 18 goals with Arizona in his rookie year, but then failed to break 10 goals for the next two seasons. Then he was traded to Montreal where he put up 28 goals in his first season there only to post 17 goals the following season and fall out of favor. Now on his third team, the Blue Jackets hope that Domi can put it all together and be the team’s No. 2 center long-term. The team will also have to decide whether Jenner is worth holding onto. After scoring 30 goals in the 2015-16 season, the 27-year-old has seen his offense decline almost every year as he posted just 11 goals last year.

The team may also be forced to make a decision in net in two years as well. The Blue Jackets got a real boost when both Korpisalo, the previous year’s backup, and Merzlikins, the team’s top goalie prospect took over for Sergei Bobrovsky only to watch both flourish. With both locked in for another two years, the team has time to decide which one to keep as neither are making too much money. Although there was talk during the season that Columbus might be willing to move one of its netminders for some offense.

Three Years Remaining

F Gustav Nyquist ($5.5MM, UFA)
D Vladislav Gavrikov ($2.8MM, UFA)

Nyquist was brought in last offseason to offset the losses of Artemi Panarin, Matt Duchene and Ryan Dzingel. The 31-year-old put up 15 goals and 42 points in 70 games last season, which is solid for a middle-six forward, but the team is hoping that can be on pace for better numbers next season. Kekalainen brought in Gavrikov last  year on a one-year entry-level deal and that paid off as he quickly earned a bottom pairing role for the season, using his size and defensive abilities to his advantage. He fared well when pressed into a top-four role and was rewarded in the offseason with a three-year extension and likely will take a bigger role next year with Murray gone. 

Four Or More Years Remaining

F Cam Atkinson ($5.875MM through 2024-25)

The Blue Jackets have plenty of flexibility as only one player is locked up long-term. Atkinson signed his seven-year, $41.13MM deal back in 2017 and while it has looked like a solid deal, the forward dealt with an ankle injury that saw him score just 12 goals in 44 games last year. However, he did produce 41 goals just the year before, so the team has to hope that the 31-year-old can bounce back even if he is on the wrong side of 30.

Buyouts

F Scott Hartnell ($1.25MM in 2020-21)
F Alexander Wennberg ($442K through 2022-23; then $892K through 2025-26)

Retained Salary Transactions

None

Still To Sign

F Pierre-Luc Dubois (RFA)

The Blue Jackets could continue their usual course of signing their RFA’s to bridge deals, but a long-term deal isn’t necessarily impossible either, especially since they have little long-term money tied up in anyone other than Atkinson. However, Dubois did see a drop in his offensive numbers last year, scoring just 18 goals and 49 points in 70 games after posting 28 goals and 61 points the previous year. Regardless, he has established himself as the team’s No. 1 center.

Best Value: Jones
Worst Value: Jenner

Looking Ahead

Kekalainen has a chance to mold this team into whatever he wants with almost no long-term deals on the books. Of course, the biggest challenge for the team is to make sure they can keep their own free agents in Columbus, which isn’t always the easiest of tasks. However, the team has a history of winning and great defense. If the Blue Jackets can just find a little more offense, they can be a real force. With plenty of cap room right now, they are one of the few teams that could still sign a potential UFA or even make a trade with one of the cap-strapped teams and pick up an offensive player. That could give them what they need to challenge for a title down the road.

Photo courtesy of USA Today Sports Images.