Free agency is now less than a month away and many teams are already looking ahead to when it opens up. There will be several prominent players set to hit the open market in mid-July while many teams have key restricted free agents to re-sign as well. Next up is a look at the Devils.
Key Restricted Free Agents:
F Jesper Bratt – The rumors surrounding Bratt have already started swirling even during the Stanley Cup Finals, with conflicting reports on the forward coming from ESPN’s Kevin Weekes, who says the two sides haven’t begun talking and other teams are interested, and Ryan Novozinsky of the Star-Ledger, who confirmed with both Bratt’s agent, Joakim Persson and with the Devils, that the two sides had been talking. Whether Bratt stays in New Jersey, is traded, or even encounters an offer-sheet scenario, one thing is for sure: he’s going to get a hefty raise. A sixth-round pick in 2016, Bratt went from an unheralded prospect, to an NHLer, to a player who proved he could carry a line, to this year, where he proved he could carry an offense. The 23-year-old set career-highs with 26 goals, 47 assists, 73 points, in 76 games, those 73 points good enough to lead a Devils team that only had 49 games of Jack Hughes this season. Now at the conclusion of a two-year contract that carried an AAV of $2.75MM, Bratt could very likely see his salary double, if not more. New Jersey finds itself with an impeccable amount of salary cap space moving forward, so meeting Bratt’s asking price shouldn’t be an issue, but negotiating term and finding the proper overall value could hold the negotiation up.
F Miles Wood – The speedy winger missed the majority of this past season following a hip injury and surgery in the preseason. He would return to the lineup in late March, getting into three games before ultimately being shutdown for the remainder of the season. Wood has been a steady presence in the Devils lineup for the past few years, acting as the team’s primary agitator while also using his speed to create some offense too. With the Devils roster turnover as they try to put a close to their rebuild, it’s possible they could let the forward walk, but given their desire to add some “sandpaper” in to the lineup, simply keeping a familiar face in Wood who has the ability to play up and down the lineup would make sense without breaking the bank. New Jersey would also likely have control in the negotiations, considering Wood’s injury history and his status as a soon-to-be 27-year-old RFA, but it is worth noting that Wood is arbitration eligible this summer. Wood recently concluded a four-year, $11MM deal.
F Pavel Zacha – The first major piece of the Devils rebuild, it’s safe to say Zacha has not lived up to the expectations set for him when New Jersey drafted him sixth-overall in 2015. Zacha appeared to turn a corner in what could be described as a breakout 2020-21 season, where he totaled 35 points in 50 games, then a career-high. The forward would eclipse that career-high with 36 this year, but that was seen as a setback, considering he played in 70 games. On the heels of a three-year, $6.75MM contract and arbitration eligible, New Jersey could move on from Zacha, opting to give some of their prospects a chance at more regular ice-time, but given the flashes of talent he’s shown over the past two seasons along with a predictably reasonable price, it’s also quite likely the Devils will give Zacha another year in the Garden State.
F Jesper Boqvist, F Tyce Thompson, F Fabian Zetterlund
Key Unrestricted Free Agents
D P.K. Subban – The former Norris Trophy winner is coming off an eight-year, $72MM contract which saw him traded not once, but twice, finally landing in New Jersey. Although not the same player he once was, Subban’s name still holds weight as an exciting player on the ice with big hits and shots, and off the ice as a charismatic and community-driven player, evidenced by his 2022 King Clancy Award. Subban’s next contract won’t see him come too close to his previous $9MM AAV, however the 33-year-old should be able to find himself a role well-suited for him at a reasonable rate. Even with his recent regression, the ball may be largely in Subban’s court with contenders close to the salary cap looking to give him a tailored role as a powerplay specialist at a lesser rate or a team with more payroll flexibility and more minutes to offer looking for an exciting name and a dynamic leader. A return to New Jersey isn’t out of the picture, but the Devils do have a bevy of young talent on defense they will try to work into regular roles at the NHL level in the near future.
F Chase De Leo, F Brian Flynn, F Frederik Gauthier, F Mason Geertsen, F A.J. Greer, F Jimmy Vesey, D Colton White, G Jon Gillies, G Andrew Hammond
Projected Cap Space:
At a time when many NHL teams are struggling to stay cap-compliant, the Devils are able to breathe easy, with just over $25.3MM in available cap space this offseason. That number actually feels a bit restrictive when you consider the $56.1MM the team is currently projected to have after the 2022-23 season. Perhaps the best part of all of this for New Jersey, is this factors in Dougie Hamilton’s $9MM cap hit, Hughes’ $8MM cap hit, and Nico Hischier’s $7.25MM cap hit.
The main financial commitment the Devils have to make this offseason is Bratt, who could approach the $7MM AAV threshold. After Bratt, the team could bring back Zacha, Wood, and Subban, and still have plenty of room with which to work. The organization will likely use that remaining cap to address their goaltending issues, the team currently expected to ice Mackenzie Blackwood and Jonathan Bernier next season, both of whom dealt with significant injury issues in 2021-22, and perhaps one of the several dynamic forwards available on this year’s trade and free agency markets. Even with their cap freedom, the Devils will need to take care, with a significant number of players hitting free agency next summer, including RFAs Yegor Sharangovich, Ty Smith, Jonas Siegenthaler and UFAs Tomas Tatar, Andreas Johnsson, Ryan Graves, and Damon Severson, amongst others.