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Steve Apostolopoulos Pulls Out Of Ottawa Senators Sale Process

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Toronto-based businessman Steve Apostolopoulos, the presumptive owner of the sole $1 billion bid submitted for the Ottawa Senators, has pulled out over frustration surrounding the length of negotiations, per Postmedia’s Bruce Garrioch.

Apostolopoulos’ decision marks the second bidder to walk away. As Garrioch notes, this move comes after Vancouver-born actor Ryan Reynolds and the Markham-based Remington Group also withdrew last month due to the estate over former owner Eugene Melnyk and New York-based banker Galatioto Sports Partners’ (GSP) refusal to grant an extended negotiating window with the National Capital Commission and the city of Ottawa for a new arena.

With Apostolopoulos and Reynolds out of the picture, the remaining two serious contenders are Toronto businessman Michael Andlauer and the Kimel brothers, Jeffrey and Michael, minority owners of the Pittsburgh Penguins. Although neither group has submitted a bid surpassing $1 billion, those close to Andlauer suggest he’s determined to acquire the Senators and is exploring options to bring in additional investors to bolster his bid, which is currently estimated at around $900 million.

As a part-owner of the Montreal Canadiens and a member of the NHL’s board of governors, Andlauer’s involvement in the league is seen as a positive factor by the NHL’s head office, says Garrioch. The more publicized bid led by Los Angeles-based entrepreneur Neko Sparks, including backing from Snoop Dogg and the Kitigan Zibi Anishinābeg First Nation group, still is not fully funded but remains in the running.

Meanwhile, Garrioch reports Toronto billionaire Jamie Salter has submitted a revised bid to GSP over the weekend, intensifying the competition. The franchise was officially put up for sale on November 7, and it has now been four weeks since the binding bids were submitted, which, with hindsight, seems a rather pointless exercise considering the team is barely any closer to a sale.

Columbus Blue Jackets Acquire Damon Severson In Sign-And-Trade

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The Columbus Blue Jackets are expected to acquire pending UFA defenseman Damon Severson from the New Jersey Devils in a sign-and-trade deal, per Sportsnet’s Elliotte Friedman. Severson’s extension will come in at eight years with a $6.25MM cap hit. Columbus would later make the deal official.

Columbus will send a third-round pick in this year’s draft, 80th overall (originally owned by Calgary), to New Jersey for facilitating the deal, says Daily Faceoff’s Frank Seravalli. PuckPedia has the details of Severson’s max-term contract:

2023-24: $6MM salary, $2MM signing bonus, full no-trade clause
2024-25: $6MM salary, $2MM signing bonus, full no-trade clause
2025-26: $5.5MM salary, $2MM signing bonus, full no-trade clause
2026-27: $4.1MM salary, $2MM signing bonus, full no-trade clause
2027-28: $3.3MM salary, $1.8MM signing bonus, 20-team trade list
2028-29: $4.1MM salary, $1MM signing bonus, 12-team trade list
2029-30: $5.1MM salary, 12-team trade list
2030-31: $5.1MM salary, 12-team trade list

This is the second true sign-and-trade in NHL history. The Florida Panthers and Calgary Flames became the first to do it with last year’s Matthew Tkachuk blockbuster.

It’s also the Columbus Blue Jackets’ second major move on defense in the span of three days. After an injury-riddled season that saw Columbus boast the weakest ’D’ corps in the league on some nights, the team has now added a pair of top-four caliber players in Severson and Ivan Provorov to compliment youngsters like Adam Boqvist, Nick Blankenburg, David Jiricek, and Andrew Peeke.

Severson, 28, was the longest-tenured member of the Devils, drafted just weeks after their run to the Stanley Cup Final – and last playoff series win before this year – in 2012. The veteran of nearly 650 NHL games has always been a capable point producer, recording a pair of 11-goal seasons and multiple 30-point campaigns, but has also put up some strong defensive metrics, especially this season.

This season, his Corsi For percentage at even strength was 56.5%, although it came with a small reduction in his role from over 23 minutes per game in 2021-22 to just under 20 minutes in 2022-23. While he may not have the upside of his fellow new teammates, Provorov, he’s got a much more solidified track record of two-way success and can play anywhere incoming head coach Mike Babcock chooses.

To put it simply – Severson is a capable, well-rounded, minute-munching defender who plays the right side. While the last few years of the contract carry some significant risk, given he’ll be in his mid-30s, $6.25MM is a very fair price to pay for his services right now.

The move takes one of the top pending UFAs off the market, and along with Vladislav Gavrikov’s extension in Los Angeles this week, the market for defenders on July 1 is looking a lot thinner. Dmitry Orlov, Erik Gustafsson, Shayne Gostisbehere, John Klingberg, and Matt Dumba now make up the remainder of the top UFAs available at the position.

One thing is abundantly clear – Columbus isn’t willing to wait any longer for a return to postseason play. With the Severson extension in play, the team should have a little under $6MM in cap space remaining this offseason, per CapFriendly, assuming a $1MM increase is finalized. That will undoubtedly go to upgrading their group of forwards.

New Jersey Hockey Now’s James Nichols reported earlier in the week that Columbus had an interest in Severson.

Devils Notes: Severson, Graves, Haula

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The New Jersey Devils won their first playoff series in over a decade this past spring and now face the prospect of losing several key free agents in just under a month’s time. James Nichols of The Fourth Period reported today that Damon Severson’s camp isn’t sure whether the Devils want him to return or not. While it certainly doesn’t sound like the two sides are close to an agreement or even talking now, these types of agreements can be reached in a matter of days. Devils’ general manager Tom Fitzgerald has a lot of work to be done this summer and appears to have prioritized the Jesper Bratt and Timo Meier contract negotiations at this time.

Nichols reported yesterday that the Columbus Blue Jackets were interested in Severson’s services as well, and it isn’t a surprise given the players track record. Severson is sure to be in demand as he is a right defenseman coming off a season in which he put up 7 goals and 26 assists in 81 games. The veteran has spent his entire nine-year career with the Devils and could very well find himself in a different uniform come the fall.

In other Devils news:

  • Nichols also reported that defenseman Ryan Graves sounds like a player that is on his way out of New Jersey. Nichols spoke with Graves agent Allain Roy who said that New Jersey needs to figure out if they have room for his client and that a lot will have to happen before they do. Graves is another defenseman that is sure to be in demand, the 28-year-old posted eight goals and 18 assists in 78 games this past season and was a big part of a Devils penalty kill that finished fifth in the league with a success rate of 82.5%.
  • In positive news for New Jersey, Nichols reports that the Devils have engage in extension talks with Erik Haula. The left winger has stated his interest in returning to the Devils and Fitzgerald has said the Devils would like him back. While they are early in their discussions, Nichols says it would be hard to imagine them not working out a deal to bring the 32-year-old back into the fray. Haula came over from the Boston Bruins in a trade last summer and put up 14 goals and 27 assists in 80 games in his first year with the Devils.

Salary Cap Increase Could Be Larger Than Expected

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Joe Smith of The Athletic penned an interesting article today leading to speculation that the NHL salary cap could see a larger increase this summer than the $1MM that was expected. Gary Bettman seemed to temper expectations last week when he said that he still expected the increase to be just the $1MM.

Smith’s league sources say that the number which has been discussed for most of this year doesn’t appear to be final as of right now. The official figure will be announced at the NHL draft and now it appears that there are some negotiations going on behind the scenes to see if there is wiggle room to add to the increase.

Many expect the salary cap to go up between $10MM-$12MM over the next three years based on revenue, leading to a wild disparity for those who become free agents this season versus those who hit the market in 2024 or 2025. The conversation going on behind closed doors appears to be whether the increases could be more proportional starting this year to allow the group of players hitting free agency in a few weeks to have a bit more money in the market to chase.

Any additional cap increase would certainly be welcome news for teams that are currently cap strapped. The Minnesota Wild and Boston Bruins come to mind as both teams stand to lose considerable talent and don’t have much cap room to retain them. The news could also be good for the players that want to stay with their current clubs but aren’t sure the money will be there. An extra one million in cap space could be the difference that allows a player like Alex Killorn to stay with the only team he’s ever known instead of moving on with a new team.

While Smith teases the different possible cap increases over the next three years, he does end the article by stating that the likeliest outcome for next year’s salary cap is a $1MM to $1.5MM increase. This could also affect the contracts that this year’s free agents sign. Players might opt for shorter term deals with the hope that they can cash in down the road when the cap is quite a bit higher. We’ve already seen defenseman Vladislav Gavrikov sign for just two years, despite the Los Angeles Kings pushing for a longer-term arrangement. It could become a major story over the next month or so as more players sign deals for next season.

Evening Notes: Schenn, Quenneville, Senators

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CHEK’s Rick Dhaliwal reported today that pending unrestricted free agent defenseman Luke Schenn likely wants to remain with the Toronto Maple Leafs and he expects the rearguard to get a well-deserved raise in pay on his next contract. Dhaliwal said this today on Donnie & Dhali The Team and added that Schenn is seeking some term on his next contract as well as some no trade protection.

It makes sense that the soon to be 34-year-old would like some stability for himself and his young family as he has bounced around the league the past few seasons and played under several contracts that have been for near the NHL minimum. Schenn is coming off one of the finest seasons of his career having put up four goals and 18 assists in 70 games split between the Maple Leafs and the Vancouver Canucks and is trying to cash in on what could very well be his last big payday in the NHL.

In other evening notes:

  • Larry Brooks of the New York Post writes that he doesn’t believe the delay in the New York Rangers search for a new coach is tied to former Blackhawks head coach Joel Quenneville. Brooks lists several reasons for his thinking here including the fact that general manager Chris Drury is currently in Buffalo at the scouting combine. Brooks goes on to add that he can’t see NHL commissioner Gary Bettman meeting with Quenneville before the draft to discuss reinstatement and that the Rangers would like to have someone in place before free agency begins on July 1st.
  • The final stage in the sale of the Ottawa Senators has been going on for over three weeks and according to Bruce Garrioch of Postmedia there has been no indication of who will be awarded preferred bidder status. Garrioch writes that this may be a tactic being used to keep all the groups engaged in case they need fall back options should one of the bids fall through. The belief is that the final stage has been slowed by all the back and forth between the parties involved as they try to hammer down the final details in what should be the end of a very long process. Garrioch goes on to say that is does appear that this has become a three-horse race as it looks as though the Neko Sparks group is a long shot to win ownership of the club. They are having issues putting the financing in place, but at this time, they are still in the running.

Latest On Pierre-Luc Dubois

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The Pierre-Luc Dubois saga with the Winnipeg Jets appears likely to end this summer with a trade. Arpon Basu and Marc Antoine Godin of The Athletic write that it appears that the young forward will submit a list of teams that he is willing to sign with long term and it will be up to the Jets to determine if any of those teams are willing to make a move. In the meantime, Dubois’ agent Pat Brisson could begin talking to those teams to setup a framework for a potential long-term extension.

While this is not an ideal situation for Jets general manager Kevin Cheveldayoff, it does give him the opportunity to have serious negotiations with teams that can plug Dubois into their lineup long term, hopefully maximizing the return for Winnipeg.

Jeff Marek acknowledged on his show today that the Montreal Canadiens are high on Dubois wish list, and The Athletic article even mentioned that the Canadiens called Winnipeg after the season ended. While there does seem to be a fit for a trade between Montreal and Winnipeg there will be plenty of other interested suitors. Players like Dubois don’t come on the market all that often and even an eight-year contract will only carry Dubois into his age 33 season, meaning that he should be very productive throughout the life on any long-term deal.

The Athletic article also mentions that Dubois is willing to be flexible depending on the situation, meaning that he will take a discount to go to a cup contender but would want his full freight if he goes to a rebuilding club.

The situation is not unlike the sign and trade of Matthew Tkachuk and the Calgary Flames last summer. Tkachuk signed his eight-year deal with Calgary and was then quickly dealt to the Florida Panthers for a large haul that was universally praised at the time. Winnipeg could maximize the return by working out a similar situation with Dubois allowing both sides to leave the relationship happy with the end result.

Snapshots: Matthews, Bratt, DeAngelo

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David Pagnotta of the NHL Network is reporting that the Toronto Maple Leafs are focused right now on evaluating their coaching staff and don’t have urgency at this time to speak with star forward Auston Matthews. He adds that they do intend to meet with the 25-year-old and his agent later this month, at which time they will presumably begin to talk about a contract extension for the upcoming unrestricted free agent. Matthews is just a year away from being able to walk out the door for nothing and the direction of the franchise will likely be dictated by what happens in the Matthews talks.

It’s an interesting approach from newly anointed general manager Brad Treliving given that he cited talking to Matthews as his number one priority at his introductory press conference. It’s also curious because he just came from a franchise in which he lost two 100-point scorers in a matter of months just one year ago. One would have to assume he will be prudent in making sure that doesn’t happen again with Matthews who has a no-trade clause that kicks in on July 1st.

In other news from around the league:

  • Pagnotta also writes that talks between the New Jersey Devils and pending RFA Timo Meier have picked up this week, but he describes the situation with Jesper Bratt as status quo. Bratt and the Devils have a bit of a contentious relationship when it comes to negotiations as they have come up against each other in the past when it comes to money. This happened most notably last summer when they nearly went to arbitration but settled on a one-year deal just hours before they were set to square off.  Bratt posted a career high 32 goals last season while posting his second consecutive 73-point season. He has bet on himself in the past and with just a year left until he is an unrestricted free agent, this could be the Devils toughest negotiation yet.
  • Elliotte Friedman mentioned on The Jeff Marek Show today that he believes the Philadelphia Flyers are looking to move defenseman Tony DeAngelo. The 27-year-old continued to produce on the powerplay in his first season in Philadelphia but struggled at even strength and in his own defensive zone. The New Jersey native became a lightning rod for criticism, particularly from head coach John Tortorella who scratched DeAngelo multiple times last season. Philadelphia acquired DeAngelo last summer from Carolina for multiple draft picks and signed him to a two year $10MM contract. Many people questioned the move at the time and that continued into the season despite the defenseman’s offensive production. It’ll be curious to see if any teams bite on the gifted but limited rearguard.

Latest On Carter Hart, Kevin Hayes

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The Philadelphia Flyers (and rookie general manager Daniel Brière) made their first big splash of the offseason earlier this week. Naturally, though, after acquiring a fourth goalie with decent NHL experience in Calvin Petersen, questions began to resurface about the future of budding star netminder Carter Hart with the team.

Within minutes of Tuesday’s trade being reported, reports from various insiders surfaced the Flyers were at least engaged in discussions with teams about moving Hart, although it wasn’t something as imminent as the Ivan Provorov deal, which was officially announced hours later. Today, Sportsnet’s Elliotte Friedman reported on The Jeff Marek Show that progress toward a Hart trade hasn’t advanced, saying a source told him to “dial back on the [rumors]” and that moving Hart wasn’t Philadelphia’s current top priority.

The Fourth Period today seemed a little more optimistic about the eventuality of a Hart deal, but again noted nothing was imminent on that front. However, they did specifically name the Toronto Maple Leafs and Montreal Canadiens as teams believed to have interest in acquiring the 24-year-old.

Both teams got strong goaltending performances this season from Ilya Samsonov and Sam Montembeault, respectively, but neither of them is regarded as the sure-fire long-term starter Hart is. While a poor bubble season in 2020-21 drags Hart’s career numbers down considerably, he’s been admirable in a tough position for Philadelphia in other seasons and sat among the top of the league in multiple stats during the first few months of 2022-23.

The Fourth Period also mentioned in today’s report that the lines of communication aren’t quite closed between the Flyers and Columbus Blue Jackets, especially regarding a long-time rumored deal involving Kevin Hayes. They noted the Provorov trade was of higher priority to both clubs, but the two parties are now “set to reengage” after completing the three-team deal.

The main negotiating factor in a Hayes trade is reportedly salary retention, suggesting a return package from Columbus might already be ironed out. Hayes, 31, finished second in scoring among Flyers players with 54 points in 81 games this season and provides a much-needed upgrade at center for Columbus, although his roughly $7.1MM cap hit is a tad rich for his skillset and career arc.

Central Notes: Nill, Blackhawks Draft, Blackhawks Cap Floor

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The Dallas Stars are one of the most well-positioned teams in the NHL, made up of nearly the perfect mix of veteran talent, developing stars, and promising prospects. Behind all that is general manager Jim Nill, who is one of this year’s nominees for the Jim Gregory Award for GM of the year.

Next season is the last one on Nill’s current contract, though, and there is currently no timeline for extension discussions to begin, Dallas Stars radio analyst Bruce LeVine said today. While speaking to reporters this morning, Nill did say he’d “like to be [in Dallas] for a few more years.” Nill has been Dallas’ GM since 2013, his first NHL GM job after nearly two decades of service in the Detroit Red Wings front office. In that time, Nill’s assembled one of the best prospect pools in the league while keeping the team in a position to contend, reaching the Conference Final twice in the last four seasons.

It seems inconceivable that Dallas would opt not to extend him unless the 2023-24 campaign takes an unexpected term, but at 65 years old, it’s hard to imagine Nill sticking around past his next extension.

More from the Central Division today:

  • Chicago Blackhawks general manager Kyle Davidson said today he’s open to all options with the team’s second pick in the 2023 NHL Draft, currently slated for 19th overall. Acquired from the Tampa Bay Lightning in last year’s Brandon Hagel trade, it’s one of six picks Chicago holds in the first two rounds of the draft. Already locked into the first overall selection, Chicago could trade up or down from the 19th spot if the right opportunity presents itself.
  • Davidson also told reporters he anticipates “no problem” in hitting the salary cap floor next season. Eyebrows raised yesterday after the team signed forward Andreas Athanasiou to a two-year extension well above market value, with some viewing it as a thinly veiled attempt to get Chicago cap compliant. As of today, the team has a projected cap hit of just under $46MM for 2023-24, per CapFriendly, a number that will need to hit $61.7MM by the start of next season. Davidson alluded to taking on bad contracts in exchange for assets as part of his offseason strategy but said the market for those transactions hasn’t been fully fleshed out yet.

Jani Hakanpää To Undergo Knee Surgery

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Dallas Stars defenseman Jani Hakanpää is slated for offseason knee surgery, general manager Jim Nill said Thursday morning. The 31-year-old defensive stalwart missed four playoff games, including Games 1 and 2 of the Western Conference Final, with a lower-body injury.

Nill also mentioned Hakanpää was dealing with a separate back injury during the postseason, which will not require further action. While the team hasn’t confirmed his recovery timeline, don’t expect the 6-foot-7, 220-pound Finn to be ready for training camp in September.

Dallas’ shutdown pairing of Hakanpää and his fellow countryman, Esa Lindell, was among the most-used pairings in the league this season. They spent nearly 1,000 minutes paired together during the regular season and were the only pairing to see the ice together in all 82 games, per MoneyPuck.

The physical defensive specialist developed into a legitimate top-four defender in 2022-23, recording career-highs in nearly every category. While averaging over 19 minutes per game, Hakanpää recorded 16 points and a +18 rating in all 82 games.

It’s been a very long path to the NHL for Hakanpää, and hopefully, he can return to form for the Stars after fully recovering. Originally part of the St. Louis Blues’ 2010 draft class, Hakanpää didn’t make his NHL debut until nearly a decade later, playing five games at the tail end of the 2019-20 season with the Anaheim Ducks.

He’s made strong defensive impacts since, playing over 200 games during the past few seasons with the Ducks, Stars, and Carolina Hurricanes. He’s locked in at a $1.5MM cap hit for next season and is slated for unrestricted free agency in 2024.

If Hakanpää is not available to start the regular season, expect more opportunities for youngster Nils Lundkvist to begin 2023-24. The 22-year-old stayed in the NHL full-time this year, recording 16 points in 60 games, but was a healthy scratch for the entirety of Dallas’ run to the Western Conference Final.

Nill also told reporters that pending UFA forward Evgenii Dadonov, who left in the first period of Dallas’ Game 3 loss to Vegas, sustained a Grade 2 MCL strain in his knee and likely would not have played in the Stanley Cup Final, had Dallas advanced. The 34-year-old found new life in Dallas after coming over near the trade deadline from the Montreal Canadiens, recording seven goals and 25 points in 39 combined regular season and playoff games.

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