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Archives for July 2022

Dylan Strome Not Expected To Receive Qualifying Offer

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In the ongoing Chicago Blackhawks teardown, another young(ish) forward is about to walk out the door. Bob McKenzie of TSN reports that Dylan Strome is not expected to receive a qualifying offer next week, which would make him an unrestricted free agent. The deadline to submit qualifying offers is July 11.

For those who have watched Strome’s up-and-down tenure with the Blackhawks since arriving in 2018, this shouldn’t come as much of a surprise. The team has been trying to trade the center for quite some time, even despite his strong offensive production in the back half of this season.

Strome, 25, would be an arbitration-eligible restricted free agent if the Blackhawks did extend him the $3.6MM qualifying offer he would need, making him a pricey asset. That is the same number that any acquiring team would need to hand out, which may explain why no one would want to give up a prime asset for him at this point–especially knowing that Chicago will likely be walking away.

His addition to the free agent pool is interesting though, as Strome has always shown great offensive ability. Even this year, between stints in the press box as a healthy scratch, he managed to rack up 22 goals and 48 points in 69 games. It’s the rest of his game that has been criticized since he entered the league and the thing that has kept him from fulfilling the promise he once held as the third-overall pick in 2015. The Blackhawks basically refused to start him in the defensive zone this year, with only Patrick Kane and Erik Gustafsson receiving a higher percentage of offensive zone starts.

Still, for a team that is desperate for offense, there’s little doubt that he can provide it. In 225 games for Chicago, Strome racked up 60 goals and 154 points, an 82-game rate that would result in 22 goals and 56 points. In other situations, he might be looking at a long-term extension with a big dollar figure, instead of being cut loose without a qualifying offer.

Chicago Blackhawks Listening On Kirby Dach

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The Chicago Blackhawks are open to just about anything this offseason. Having already traded Brandon Hagel, they are now expected to move Alex DeBrincat at some point and are also listening to offers for Kirby Dach, according to Scott Powers of The Athletic. It would appear as though no player is safe, regardless of age or draft pedigree.

Dach, 21, was the third-overall pick just three years ago, selected behind Kaapo Kakko and ahead of Bowen Byram. The young center has gone through several injuries, leading to just 59 points in his first 152 games. This season was especially disappointing for Dach, who scored just nine goals and saw his ice time drop significantly by the end of the year.

Powers suggests that the Blackhawks are looking for a top-15 pick in any deal, as they continue to tear down the organization in one of the most dramatic rebuilds the league has seen in a while. Hagel (23), DeBrincat (24), and Dach would normally be considered the pieces to build around but general manager Kyle Davidson obviously has a different opinion, at least if he can get enough value back in trade.

There is certainly reason to be down on Dach, but for some teams, he might appear to be the perfect buy-low candidate. There is still real upside to his game, and as a restricted free agent without any arbitration rights, this summer is at the mercy of whatever team holds his rights. There is little leverage that Dach could use to land an expensive deal, meaning there is at least the opportunity–slim as it may be–for a huge amount of excess value as soon as next season.

For contending clubs and ones a little further along in their rebuild, that might be a very appealing prospect.

Edmonton Oilers Promote Brad Holland

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The Edmonton Oilers have updated the status of several members of the front office and coaching staff, confirming that Glen Gulutzan, Dave Manson, Dustin Schwartz, Jeremy Coupal, and Keith Gretzky will all be returning to their current positions. Changes include Noah Segall being promoted to video coordinator from the AHL club, and Brad Holland being named assistant general manager.

Holland’s promotion is the headline, not only because of his obvious ties to Oilers general manager Ken Holland (his father) but also the fact that he had been chased by other organizations this summer. Chris Johnston of TSN and Frank Seravalli of Daily Faceoff both tweeted that there was significant interest from other teams.

The 41-year-old AGM joined the Oilers in 2019 as a pro scout and has a history that includes stops with the NHL’s hockey operations department and Toronto Maple Leafs.

Retaining Gulutzan and Manson is also an important distinction, as Jay Woodcroft enters his first full season with the club after seeing the interim tag removed this summer. The assistant coaches can help the rookie head coach navigate the waters as the Oilers attempt to go on another deep playoff run. Manson, who came up with Woodcroft from the AHL, will also be in his first full season behind an NHL bench, though he sat on it for more than 1,100 games as a player.

Wayne Gretzky Purchases Minority Stake In Niagara IceDogs

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The sale of the Niagara IceDogs has been unanimously approved by the OHL’s board of governors, transferring ownership from Bill and Denise Burke to a group that includes Wayne Gretzky. The majority owner will be Darren DeDobbelaer, a long-time minor hockey executive that also owns OJHL and GOJHL clubs in Brantford.

Gretzky (also from Brantford, a city about an hour west of St. Catharines, where the IceDogs play) released the following statement:

I’m really excited about being back in junior hockey and have always loved it. To be partnered with a fellow friend from Brantford is so exciting for all of us and we can’t wait to get started.

The sale follows 15 years of ownership by the Burkes but also serious suspensions handed out in April to general manager Joey Burke and head coach Billy Burke, for inappropriate comments made in a group messaging conversation. The two were banned from the league until June 1, 2024, when they could apply for reinstatement. Niagara was also fined $150,000 for the incident.

The IceDogs have experienced two losing seasons in a row (sandwiched around the canceled 2020-21 campaign) but have some promising young players that could help turn things around in the next few years.

Latest On Filip Forsberg

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July 7: The two sides met again this morning, according to Pierre LeBrun of The Athletic, who suggests that the stalemate could end if the Predators were willing to go to $8.5MM per season.

July 6: Filip Forsberg is one of the best potential free agents available in what’s a highly saturated market of star forwards this offseason. He may not hit the open market after all, though, as Nashville Predators general manager David Poile confirmed today that the two sides are getting closer on a deal, calling it the team’s “number one goal” to sign him.

Poile also informed reporters that Forsberg desires a no-movement clause in his contract. That’s likely a big sticking point of the deal, as Poile is notoriously stingy with handing out any form of trade protection. Only one Nashville player, captain Roman Josi, has a no-movement clause.

If Forsberg is off the market, all focus will be on Johnny Gaudreau for teams looking to add an All-Star-caliber winger to their lineup. While Calgary is pushing hard to reach an extension with the winger before July 13, it doesn’t seem nearly as close to being done as Forsberg’s deal is.

Forsberg is Nashville’s all-time leader in goals with 202. Multiple reports over the past few weeks have suggested the deal is likely to fall in the $8MM range, a fair value for the three-time 30-goal scorer who’s now consistently floating around a point per game. After signing him and acquiring Ryan McDonagh from Tampa Bay, the team would still have roughly $10MM in cap space to work with and no other big contracts to re-sign, making them a dark horse candidate to be active in free agency if Poile so chooses.

Senators, Sabres Discussed Matt Murray Trade

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12:15pm: Darren Dreger of TSN reports that the deal would have included the Senators retaining some of the salary, and Buffalo moving up from No. 16 to No. 7 in today’s first round.

11:10am: With the shallow free agent goaltending market this year, teams are trying to get a bit more creative. One name that has popped up a few times is Matt Murray, the Ottawa Senators netminder who fell out of favor with the team and spent a good chunk of last season in the minor leagues. Elliotte Friedman of Sportsnet reports that the Senators and Buffalo Sabres were “deep into conversations” about Murray.

Unfortunately for both teams, Murray has Buffalo on his 10-team no-trade list and, as Friedman puts it, “stuck to his list.” That would suggest the talks got far enough along to ask him about whether he would waive, as the Senators try to rid themselves of his contract. Bruce Garrioch of Postmedia notes that Ottawa wouldn’t face the same issue with the Toronto Maple Leafs, who are also “in the mix”, as Murray would agree to a move there.

It’s easy to understand why the Senators want to move on. Not only does Murray have a $6.25MM cap hit, but the actual salary owed is higher in the last two years of his deal, with a $7MM salary in 2022-23 and $8MM in 2023-24. Combine those escalating costs with inconsistent play and a handful of exciting goaltending prospects, and you have a player that needs to be shipped out of town.

The Sabres are looking for a veteran goaltender to help Craig Anderson carry the NHL load while Ukko-Pekka Luukkonen continues to develop in the minor leagues, and given Murray’s experience–two Stanley Cups with the Pittsburgh Penguins–he certainly fits that bill, despite being just 28. For Buffalo, taking on a cap hit like that wouldn’t be an issue (the same can’t be said for Toronto), meaning they could likely have landed another asset along with Murray from the Senators.

Colorado Avalanche Acquire Alexandar Georgiev

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The Colorado Avalanche have found a new goaltender. The New York Rangers have traded Alexandar Georgiev to the Avalanche in exchange for a 2022 third-round pick, a 2022 fifth-round pick, and a 2023 third-round pick.

This means that Darcy Kuemper is no longer expected to re-sign in Colorado, as the Avalanche go with a cheaper option to pair with Pavel Francouz. Georgiev, 26, is a pending restricted free agent due a qualifying offer of $2.65MM and is eligible for arbitration. Even if he landed a good settlement, it won’t match what Kuemper will likely be able to command on the open market, especially in a year with such a shallow pool of free agent goaltenders.

Interestingly enough, it appeared as though the Rangers were not going to issue that qualifying offer, which would have made Georgiev a free agent next week. With Igor Shesterkin in place and several free agents to sign, the team was expected to walk away from their backup if they couldn’t find a trade partner. By landing three picks, general manager Chris Drury has squeezed quite a bit of value out of the last few days of Georgiev’s tenure in New York.

In fact, his time there has been incredibly valuable, relative to the cost that the Rangers paid. Signed as an undrafted free agent in 2017, Georgiev played three seasons with the team under an entry-level contract, two more with a cap hit of $2.45MM, and now netted them three draft picks before he walked out the door.

With a .909 save percentage in 131 NHL games, he doesn’t have a huge track record of success but there have been flashes of brilliance from the netminder, skill the Avalanche will hope to nurture in Colorado. The fact that Francouz has shown the ability to perform at a high level can make them a worthwhile tandem, not to mention the fact that the team itself has been able to overcome poor goaltending performances in the past.

For Colorado, with this core, it’s time to push all the chips to the middle and try to repeat. The team now has no draft picks until the sixth round this year, and are already without six future picks as well. Given the relative youth of so many key players they can afford it, though a gap in prospect development like that can be a tough thing to overcome down the road.

Still, this leaves more money open for some of their other free agent negotiations. Nazem Kadri (UFA), Valeri Nichushkin (UFA), and Artturi Lehkonen (RFA) all played huge parts in the team’s Stanley Cup win, and are deserving of big raises this summer. With a goaltending tandem that could very well cost less combined than Kuemper will make on his own, there are a few more dollars to go around.

Photo courtesy of USA Today Sports Images

Pittsburgh Penguins Extend Kris Letang

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The Pittsburgh Penguins will almost certainly be the only team Kris Letang ever plays for. The team announced a six-year, $36.6MM contract extension for the star defenseman, keeping him away from unrestricted free agency and likely taking him through retirement. General manager Ron Hextall released the following statement:

Kris epitomizes what it means to be a Pittsburgh Penguin. The role he plays on our team is irreplaceable, he is a leader in our locker room, and has made countless contributions to the organization over the last 15-plus years, which includes three Stanley Cup Championships. We are thrilled to make him a Penguin for life.

Letang, 35, will now carry a $6.1MM cap hit through the 2027-28 season, keeping him the Penguins’ highest-paid defenseman. Still, that number is much lower on a per-year basis than what he could have landed on the open market, or even than the $7.25MM he has carried for each of the last eight years.

The risk is obviously that Letang is already in his mid-thirties and could at any point, see a drastic decline in his performance. That hasn’t happened yet, as he actually set a career-high with 68 points this season, finishing seventh in Norris Trophy voting. For his career, Letang now has 650 points in 941 games, meaning he’ll reach the 1,000-game mark (and potentially the 700-point mark) if he stays healthy for the upcoming campaign.

Perhaps more importantly, this deal will not qualify for the lessened 35+ contract restrictions that were added in the 2020 CBA update. Pierre LeBrun of The Athletic reports the salary breakdown will be as follows:

  • 2022-23: $8.0MM
  • 2023-24: $8.0MM
  • 2024-25: $6.2MM
  • 2025-26: $4.8MM
  • 2026-27: $4.8MM
  • 2027-28: $4.8MM

That front-loaded nature means that the full cap hit will be applied to the Penguins even if Letang retires before finishing the deal. While it gives the team some added flexibility in the coming years, it could very well be an anchor down the road.

The argument of course for the Penguins is that by then, Sidney Crosby will not be as effective (if he’s even still playing) and the team will no longer be trying to compete for the Stanley Cup. At that point, it doesn’t really matter if there is a large cap charge for a declining Letang, while the team goes through the inevitable stage of rebuilding. For now, this gives them the best chance at contending in 2022-23, the focus for Hextall and the new ownership group.

Teams Debating Jake Oettinger Offer Sheet

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For years, there was talk of offer sheets without any actual action. That’s changed recently, with the competing offers between the Montreal Canadiens and Carolina Hurricanes for Sebastian Aho and Jesperi Kotkaniemi. Now, when offer sheets are brought up, they at least can’t be dismissed entirely.

That’s why this morning’s report from Pierre LeBrun of The Athletic that teams around the league are debating the merits of a Jake Oettinger offer sheet is so intriguing. The young goaltender showed this postseason that he is ready to step into the limelight as a star, posting a .954 save percentage in seven games, almost dragging the Stars past the Calgary Flames in the first round by himself.

With Jason Robertson also a restricted free agent and a few other spots to fill, the Stars have a limited amount of cap flexibility to work with, which could make an Oettinger offer sheet more appealing for some teams. It doesn’t make much sense to sign a player to one without real hope that it might not be matched.

That can draw the ire of opposing managers who are trying to keep contracts low with their young RFAs. In fact, that’s what happened in the Aho situation, with the Hurricanes quickly matching only to retaliate down the road.

So if you’re going after Oettinger, it’s going to have to be a deal that the Stars will have trouble matching, or at least reach the level of compensation to make them hesitate.

The compensation thresholds this year are:

$1,386,490 or less No compensation
$1,386,491 to $2,100,472 Third-round pick
$2,100,473 to $4,201,488 Second-round pick
$4,201,489 to $6,302,230 First and third-round picks
$6,302,231 to $8,402,975 First, second and third-round picks
$8,402,976 to $10,503,720 Two firsts, a second and third-round picks
Over $10,503,721 Four first-round picks

Check here for a more detailed explanation. 

Coming off his entry-level deal and not eligible for arbitration, the Stars could normally keep the netminder’s contract relatively low, especially with a short-term bridge deal. An offer sheet then becomes basically the only leverage that Oettinger’s camp has, meaning these whispers could just be a negotiating tactic.

Remember, teams must use their own draft picks for compensation, not selections that have been acquired from other clubs. It also can’t happen until he actually reaches RFA status on July 13.

Ottawa Senators Expected To Push For Claude Giroux

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With the Florida Panthers still hoping to try and re-sign him and several other teams waiting for their chance, Claude Giroux is a wanted man. One team that most might not have expected is the usually tight-budgeted Ottawa Senators, who have emerged as a “legitimate option” for the veteran forward according to Pierre LeBrun of The Athletic.

Not expected, until one is reminded that Giroux grew up and played his minor hockey in the area, and still has strong ties to Ottawa. The 34-year-old would be a huge splash for an organization that is trying to claw its way out of the rebuilding stage and contend for a playoff spot once again.

After buying out Colin White, the team has plenty of money and cap space to go after someone like Giroux, and could offer him a chance to play with young talents like Brady Tkachuk or Tim Stutzle. The veteran forward has played mostly wing the last few years but also has tons of experience in the middle, meaning he and Stutzle–just learning the center position himself–could share responsibilities, as right and left-handed options on the same line.

They won’t be the only team after Giroux though. He still put up 65 points in 75 games this season, including an outstanding 23-point run with the Florida Panthers after a midseason trade. There’s enough skill there to be a difference-maker for the Senators or any team at both even-strength and on the powerplay, even if he’s not going to be the 100-point player he was in his prime.

Photo courtesy of USA Today Sports Images

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