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Latest On Johnny Gaudreau

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With less than 12 hours remaining before they lose the ability to offer an extra year, the Calgary Flames are putting forward their best offer for Johnny Gaudreau. Frank Seravalli of Daily Faceoff tweets that Calgary has offered an eight-year contract worth more than $10MM per season, which would make the pending free agent winger one of the highest-paid players in the NHL. He notes that if Gaudreau leaves Calgary tomorrow “it likely won’t be because of money.”

Unlike free agency itself, which doesn’t open until midway through Wednesday, a team’s right to sign one of its own players to an eight-year deal expires at midnight (EST). That means if there’s no deal by tomorrow and Gaudreau is to land more than this $80MM+ on the table from Calgary, he would need to sign a seven-year deal worth at least $11.43MM per season. That number would put him fifth in the entire league, behind only Connor McDavid, Artemi Panarin, Auston Matthews, and Erik Karlsson in terms of cap hit.

Total money isn’t always the deciding factor though, especially not for NHL players (or at least their agents) who can see the salary cap rising significantly in a few years. That extra year for Gaudreau might not be as important as seeing what kind of teams are interested, and what is the best fit for his career moving forward.

The Flames, of course, will have a huge hole in their lineup if Gaudreau decides to leave–and a bunch of cap space to fill it with. The team currently sits with more than $26MM in room, though that doesn’t factor in extensions for Matthew Tkachuk, Andrew Mangiapane, and Oliver Kylington, who are all restricted free agents.

Gaudreau was the unanimous top selection in our UFA list, following his outstanding 115-point season.

Snapshots: PHF, McLeod, Nesterov

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This morning, the PHF officially announced they are expanding into Montreal for the 2022-23 season, adding a seventh franchise to the women’s league. The new team will be led by Kevin Raphael and Emmanual Anderson. Through a partnership with Center 21.02–a sports complex in Verdun, a Montreal borough–will be the training home for the new club, games for the upcoming season will be played in communities across Quebec in an attempt to showcase women’s hockey to greater audiences.

The schedule for the upcoming season has yet to be announced, while the official team name and logo are expected within the next few weeks. The new Montreal club joins the Buffalo Beauts, Boston Pride, Metropolitan Riveters, Toronto Six, Connecticut Whale, and Minnesota Whitecaps in the growing league.

  • The Minnesota Wild have hired Cody McLeod as a player development coach, effectively announcing his retirement as a player. The 38-year-old tough guy played in 59 games for the Iowa Wild last season and will now make the transition to coaching, along with Matt Harder, who was hired as strength and conditioning coach, and David MacLean, who was named a pro scout. In 776 NHL games, McLeod racked up 72 goals, 127 points, and 1,630 penalty minutes.
  • You won’t be seeing Nikita Nesterov in the NHL anytime soon. The veteran defenseman has signed a new four-year deal with CSKA Moscow of the KHL, keeping him at home in Russia instead of attempting any kind of return to North America. The 29-year-old defenseman played in 38 games for the Calgary Flames during the 2020-21 season but never did find much success on this side of the pond. In the KHL, he was one of the most dynamic players in the league this season, logging more than 25 minutes a night and scoring 33 points in 41 regular season games, good enough for third on the entire CSKA roster.

Michael Del Zotto, Rudolfs Balcers To Be Bought Out

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In addition to Janne Kuokkanen and Oskar Lindblom, who were announced earlier today, two more players are on waivers today for the purpose of a buyout. The Ottawa Senators will buy out Michael Del Zotto, while the San Jose Sharks will be buying out Rudolfs Balcers, according to Chris Johnston of TSN.

For Del Zotto and the Senators, a buyout will result in a $500K cap penalty in 2022-23 and a $750K penalty in 2023-24, but saves the team some money and cap space for the upcoming season. It never really did work out for the veteran defensemen there, and after clearing waivers he ended up playing most of the 2021-22 season in the minor leagues.

He’ll now be a free agent, able to try and secure an NHL deal somewhere else, while still earning a $750K paycheck from the Senators for each of the next two years. Not a bad deal for the 32-year-old, who could be looking at his ninth NHL team, should he sign with someone other than the Senators, New York Rangers, Nashville Predators, Philadelphia Flyers, Vancouver Canucks, Anaheim Ducks, St. Louis Blues, or Columbus Blue Jackets.

Balcers meanwhile will be almost completely wiped off the books for San Jose, as his age means they are only on the hook for one-third of his remaining $1.85MM salary. For 2022-23, the Sharks will face a penalty of just $8,334 and in 2023-24, just $308,334. Those are certainly worthwhile prices to pay to clear his contract off the books as they look to other players for bottom-six contributions.

Brett Connolly, Henrik Borgstrom Clear Unconditional Waivers

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July 12: Both players have cleared waivers and will be bought out today, making them unrestricted free agents.

July 11: The Chicago Blackhawks have started the buyout process for two players, placing Henrik Borgstrom and Brett Connolly on unconditional waivers today. Because he is under the age of 25, the team will only be on the hook for one-third of Borgstrom’s remaining salary. As a result, they will receive the following cap penalties moving forward:

  • 2022-23: $1,166,667 (Connolly) + $83,334 (Borgstrom)
  • 2023-24: $1,166,667 (Connolly) + $183,334 (Borgstrom)

The two forwards actually arrived in Chicago the same way, through a trade with the Florida Panthers in 2021 that saw Lucas Wallmark and Lucas Carlsson go the other way. While Riley Stillman remains from that deal, it was Borgstrom that was considered a big part of the return, having been a first-round pick by the Panthers in 2016.

After just 52 games with Chicago he’ll hit the market as an unrestricted free agent, an interesting addition just before things open up on Wednesday. While he has just 26 points in 110 games, Borgstrom is still just 24 (he’ll turn 25 next month) and possesses an interesting skill/size mix that could intrigue some teams.

Connolly meanwhile has a much longer track record at the NHL level but not a very good one the last few years. He scored 19 goals and 33 points in 2019-20 but then was an absolute ghost during the 2020-21 season, registering just six points in 31 total games. This season, he spent most of the year at the minor league level with the Rockford IceHogs and although he performed well there, it’s not much of a platform for a free agent deal.

These buyouts continue general manager Kyle Davidson’s rapid house cleaning, and represent another head-scratching move for the young executive. Borgstrom’s contract, which had just one year left on it and carried a cap hit of $1MM, could have been buried entirely in the minor leagues. This buyout will save them around $733K in actual dollars, but now actually has a slightly negative effect on the cap situation.

In fact, it wouldn’t be entirely unreasonable to see a team claim Borgstrom before the buyout can be finalized tomorrow, given how little risk would be involved.

Philadelphia Flyers To Buy Out Oskar Lindblom

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The Philadelphia Flyers have placed Oskar Lindblom on unconditional waivers for the purpose of a buyout, which will clear a considerable amount of cap off the books for next season. Lindblom’s deal has one year left on it at a cap hit of $3MM, but because of his age, they are only required to pay out one-third of the remaining salary.

That will result in a cap credit of $333,333 for the 2022-23 season, and a cap penalty of $666,667 for 2023-24. The team has also announced that in recognition of Lindblom, they will be making a $100,000 donation to a local organization that supports families impacted by cancer. General manager Chuck Fletcher released a statement:

This was a very difficult decision to make and one that we spent a lot of time examining. No one can question the desire, will and strength to overcome all that Oskar has been through off the ice in order to return to the game he loves. Further, Oskar’s commitment to his teammates and impact in our room has been immeasurable. He is truly an inspiration to us all and he will always remain a special part of the Philadelphia Flyers family. We wish him all the best as he continues his NHL career.

This move will essentially clear $3.33MM for the Flyers as they prepare for free agency tomorrow, with rumors also swirling about the future of James van Riemsdyk and his $7MM cap hit. The team has made very clear that they have no intention of rebuilding, making them potential players in several big names tomorrow.

For Lindblom, there is little doubt that another NHL team will give him a chance. After making his way back from a cancer diagnosis, he hasn’t quite reached the level he showed in the early part of his career but still contributed 12 goals and 26 points this season. The 25-year-old is a talented goal-scorer and has already overachieved his fifth-round draft position.

Importantly, if a team were to sign him to a one-year deal, Lindblom would once again be a restricted free agent at its conclusion, meaning any interested club could potentially land some important control for a relative bargain.

Duncan Keith Announces Retirement

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The Edmonton Oilers have cleared even more cap space. Duncan Keith has decided to retire, which will not only open cap space for the Oilers but also means a significant cap recapture penalty for the Chicago Blackhawks:

  • 2022-23: $5.54MM
  • 2023-24: $1.94MM

Cap recapture is a function of the CBA that penalizes teams for previously signing extremely front-loaded contracts. When Keith signed his 13-year, $72MM deal in 2009, the last few years included a very low salary in order to drop the overall average.

For instance, he would have only earned $1.5MM this season in actual salary. The Blackhawks then must repay the savings they received in the early part of the contract–Keith was earning $8MM per season at the start of the deal while carrying a cap hit of just $5.54MM.

On the other end of that coin, the Oilers should actually receive a cap credit, as they paid the elevated cap hit this season despite Keith only making $2.1MM. Unfortunately, that credit is apparently being removed by the NHL–though a grievance process is possible through the NHLPA. For now, they will only receive the benefit of clearing the $5.54MM cap hit off the books for 2022-23.

While the cap implications will cloud Keith’s retirement, nothing should overshadow the fact that one of the best players of his generation is calling it quits.

The 38-year-old played 1,256 regular season games, 151 playoff contests, and won three Stanley Cups with the Chicago Blackhawks. An elite two-way player, Keith racked up offensive numbers while also playing a quiet, effective defensive game.

During his 16 years with Chicago, he averaged nearly 25 minutes a night, won the Norris Trophy twice and the Conn Smythe in 2015. He sits 34th all-time in points from a defenseman, and 26th in games played.

When he is eligible, Keith will have a great case for Hall of Fame induction, as a player who was legitimately at (or at least near) the top of his position for a long stretch in his prime.

Photo courtesy of USA Today Sports Images

Tampa Bay Lightning Hire Jeff Blashill

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In what has basically become a coaching trade, Jeff Blashill will join the Tampa Bay Lightning as an assistant for next season. He takes the spot of Derek Lalonde, who was hired to replace him with the Detroit Red Wings this summer.

It will be something of a surprise to see Blashill back as an assistant, given how long he’s been the head man in one place or another. You have to go back to 2011-12 to find the last time he wasn’t running a bench, his first year in the NHL. Since then, he took over the head coaching duties with the Grand Rapids Griffins for three years (where he won a championship) and then was the head coach of the Red Wings for the last seven seasons.

Even before he came to the NHL he was the head coach at the USHL and NCAA levels, meaning assisting isn’t something Blashill is very familiar with.

As Joe Smith of The Athletic has profiled in the past, Blashill and Lightning head coach Jon Cooper have a strong relationship, so this move doesn’t come as much of a surprise. Still, it will be interesting to see what kind of effect it has on the Lightning, and how long Blashill is on the sidelines before pursuing another head coaching opportunity.

New Jersey Devils To Buy Out Janne Kuokkanen

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Though the buyout period is listed as ending today, it is a little misleading. Today is the deadline to place players on waivers for the purpose of a buyout, meaning there could be another flood of names hitting the open market in a few hours. One of those is expected to be Janne Kuokkanen, according to PuckPedia, who will be bought out by the New Jersey Devils.

Because he is still just 24, the Devils would be on the hook for just one-third of Kuokkanen’s remaining contract, and would incur the following cap penalties:

  • 2022-23: $200K
  • 2023-24: $325K

Since he is currently carrying a cap hit of $1.825MM and is owed $2.05MM in salary the buyout represents considerable savings in both dollars and salary cap space this season. With the team hoping to contend for the playoffs, that money can be better used after the disappointing 2021-22 campaign that Kuokkanen endured.

With just six goals and 17 points in 57 games, the young forward didn’t take the expected step forward and now finds himself without a home for next season. Originally selected in the second round by the Carolina Hurricanes, there is enough talent to play at the NHL level, just not enough (so far) to make much of an impact.

Bottom-of-the-lineup forwards are getting squeezed all over the league this year as the hard cap continues to make it difficult to pay more than the minimum for fringe roster players, and Kuokkanen will join the rest of those unqualified yesterday as late entrants to the free agent market.

New York Rangers Re-Sign Libor Hajek

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July 12: The Rangers have made it official, signing Hajek to a one-year contract.

July 11:  The New York Rangers will bring back a familiar face to add to their depth in that of Libor Hajek. Per CapFriendly, the Rangers have re-signed Hajek, a pending RFA, to a one-year, one-way deal worth $800K (link). The contract will buy out a year of arbitration eligibility for Hajek and will leave him still an RFA after the upcoming season. Originally a second-round pick of the Tampa Bay Lightning in 2016, Hajek came to the Rangers in the blockbuster that sent Ryan McDonagh and J.T. Miller down to Tampa.

With the development of several quality blueline prospects in the Rangers organization, Hajek found himself without much playing time this season, getting into just five AHL games and 17 NHL games in 2021-22. When the defenseman did play in the NHL, things didn’t go so well either, producing just one assist and registering a minus-10 rating, the worst of his career, despite playing in as many as 44 games in previous seasons.

In reality, the defenseman has not been a bad player for the Rangers, but has fallen victim to the team’s development of defensemen like K’Andre Miller, Braden Schneider, and Zachary Jones and acquisitions of Justin Braun and Patrik Nemeth. On a one-way contract with the Rangers, who figure to be hard-pressed against the NHL salary cap, making it difficult to retain Braun and perhaps necessitating a trade of Nemeth, Hajek could figure to see more time in the lineup, representing an affordable piece that has proven he is able to play minutes at the next level.

Minor Transactions: McIntyre, Huntington, Dronov

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While the Colorado Avalanche and Pittsburgh Penguins were handing out long-term extensions to Valeri Nichushkin and Rickard Rakell respectively, and as the Toronto Maple Leafs acquired their next starting goalie in Matt Murray, a few bits of business were still getting done around the league, with a pair of minor leaguers getting contract extensions, and the Coyotes extending an invite to training camp.

The first of these is the Minnesota Wild extending goaltender Zane McIntyre with a one-year, two-way contract extension to stay in the organization according to CapFriendly. The contract is worth $750K at the NHL level and $300K at the minor league level, but does guarantee the goaltender a minimum of $325K. McIntyre appeared in eight games with the Boston Bruins back in 2016-17, but has otherwise made a solid career in the AHL, most recently splitting the 2021-22 season between the Tucson Roadrunners and the Iowa Wild.

  • Shortly thereafter, the Nashville Predators extended forward Jimmy Huntington on a one-year, two-way contract worth $750K at the NHL level and $80K in the minors, leaving him an RFA at the conclusion of the deal, per CapFriendly. Huntington spent five years in the QMJHL, finishing his career with an incredible 92 point season with the Rimouski Oceanic in 2018-19 before turning pro, spending parts of the previous three seasons between the ECHL and AHL. The undrafted forward spent 2021-22 with the Syracuse Crunch and Milwaukee Admirals, putting up 13 goals and 22 assists in 61 games combined.
  • The Arizona Coyotes have made a move to continue looking at depth options, extending a professional tryout to defenseman Grigori Dronov, according to CapFriendly. An undrafted free agent, Dronov has spent his professional career as a member of Magnitogorsk Metallurg in the KHL, featuring as a steady defenseman, though not much of a point producer. Dronov also appeared as a member of team Russia at the 2017 World Junior Championships, where he had one point in seven games.

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