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Hall Of Fame Executive Murray Costello Passes Away

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Former Hockey Canada president Murray Costello has passed away at the age of 90. Costello was a pillar of Canadian hockey, with an executive career spanning over 50 years. Much of that was spent in decision-making roles with Hockey Canada and the IIHF, where Costello played a pivotal role in the growth of both junior and women’s hockey internationally. He earned induction into the Hockey Hall of Fame in 2005 – the only builder inducted in a year that also enshrined Cam Neely and Valeri Kharlamov.

Costello’s career began with the 1953-54 Chicago Blackhawks, who signed him from a St. Michael’s Major team that featured many future professionals, including long-time NHL goalie and coach Ed Chadwick. Costello scored five points in 40 games during his rookie season, pushing the Blackhawks to trade him to the Boston Bruins. But Costello couldn’t find his groove in New England either, leading to a trade to the Detroit Red Wings in 1956 and a move away from the NHL entirely in 1957. He concluded his career with 32 points and 54 penalty minutes in 162 games.

Costello would go on to support some minor professional teams and junior hockey programs in Seattle. But he’d ultimately work his way back to Canada, assuming the role of president of Hockey Canada in 1979. The role brought major oversight of Canada’s national programs, which allowed Costello to form Canada’s first national U21 team in 1982 and set up the first IIHF Women’s World Championship in 1990. He also championed the merger of CAHA and Hockey Canada in 1994, bringing together amateur and junior hockey across Canada. Costello moved to a council role with the IIHF in 1998, where he stayed until his retirement in 2012.

The strides of junior and women’s hockey in the years since sit largely on Costello’s innovations. Fellow Hall-of-Famer Angela James emphasized that point to the CBC’s Emma Weller, saying, “You don’t always see who the people are that are advocating for your sport, but I know that Murray Costello was one of them.” James added that Murray’s support of the 1990 Women’s Worlds – where she joined Team Canada in winning an inaugural gold medal – was ample show of that support.

Costello’s career is marked by countless accolades, including additions into the IIHF Hall of Fame, Canada’s Sports Hall of Fame, and ’Order of Hockey in Canada’. It stands as a true legacy, built on a passion for expanding opportunity to the game. PHR sends our condolences to Costello’s family and friends.

International Transactions: Glauser, Bayreuther, Svechnikov

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Defenseman Andrea Glauser will not come to the National Hockey League after all. According to a press release, Fribourg-Gottéron of Switzerland’s National League announced they have signed Glauser to a seven-year contract starting in the 2025-26 season. Glauser previously played for Fribourg-Gottéron between 2015-2018.

A few months ago, there was documented interest in Glauser from the New York Islanders organization which was reportedly set to offer the 28-year-old defenseman a one-year, $1.5MM contract. Glauser excels in the transition game from the blue line and plays a very physical game compared to his peers which led to Lou Lamoriello and Patrick Roy scouting the Swiss defenseman. It is unknown if the Islanders offered Glauser a contract but he has inevitably decided to stay in his home country.

It’s difficult to imagine Glauser having excelled after transitioning to North American hockey at the professional level given that his career-high in points (in a much weaker league to add) is 17. He’s also suited up for Team Switzerland in the last three World Championships where he has scored two goals and four points in 24 tournament contests.

Other international transactions:

  • It did not take long for Lausanne HC to replace Glauser on the back end as the team announced they had signed defenseman Gavin Bayreuther to a one-year contract. It will be Bayreuther’s first attempt at international hockey after spending the last eight years split between the Dallas Stars and Columbus Blue Jackets organizations. The former undrafted free agent from St. Lawrence University is a veteran of 122 games at the NHL level while adding five goals and 28 points to the scoresheet. Bayreuther spent much more time in the AHL where he has suited up in 238 games while scoring 25 goals and 117 points in the process.
  • Another former NHL player is on the move internationally as Torpedo Nizhny Novgorod of the KHL announces they have signed forward Evgeny Svechnikov to a one-year contract. The former 19th overall pick of the Detroit Red Wings in the 2015 NHL Draft spent last season in the KHL with Ak Bars Kazan where he scored eight goals and 13 points in 31 games. Svechnikov never panned out to live up to his draft ranking with Detroit but did earn 39 goals and 101 points at the AHL level with 186 games played.

Pacific Notes: Draisaitl, Olofsson, Connelly, Hedican

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One of the biggest extension narratives of the offseason has been the contract status of Edmonton Oilers’ superstar Leon Draisaitl. There is no guarantee that a deal will come to fruition this summer but all signs point to the two sides being able to work out a resolution at some point. Jim Matheson of the Edmonton Journal reported today that the contract could look a lot like that of star center Nathan MacKinnon, that is to say, an extremely bonus-laden deal with a low annual salary.

On September 20, 2022, the Colorado Avalanche signed MacKinnon to one of the richest deals in NHL history with an eight-year, $100.8MM contract. The term changes yearly, but the contract pays MacKinnon as low as $775K in salary and up to $15.725MM in signing bonus. Unsurprisingly, Draisaitl would be seeking a similar deal as it gives the player quite a bit of financial protection.

Signing bonuses gives players protection in two ways. First, it makes the contract buyout proof. If MacKinnon’s contract were bought out by the Avalanche in year one of his deal, for example, he would only be losing out on $775K that year while still receiving $15.725MM on July 1st. Additionally, the signing bonus also makes the contract lockout-proof. If the NHL were to enter a lockout in any year, Drasaitl would miss out on his yearly salary but still earn his signing bonus on July 1st.

The request for signing bonuses in high-ticket contracts is becoming more common for star players throughout the NHL world with the likes of Connor McDavid and John Tavares having similar contract structures. Now that Draisaitl comfortably finds himself in the upper echelon of NHL talent, the Oilers should be more than happy to agree to his terms.

Other Pacific notes:

  • In a wrap-up piece of the Vegas Golden Knights’ offseason, independent correspondent of the NHL, Paul Delos Santos suggests the Golden Knights could try out new forward Victor Olofsson on the team’s top line next to Jack Eichel. Olofsson spent quite a bit of time on Eichel’s wing during his rookie season with the Buffalo Sabres in 2019-20, and the Swedish had arguably the best season of his career. In only 54 games primarily playing next to Eichel, Olofsson scored 20 goals and 42 points and finished seventh in Calder Trophy voting. It could be risky business for Vegas as Olofsson fell down the depth chart in Buffalo but could be a high-reward move as the cap-strapped Golden Knights look to fill out their roster.
  • Staying in Vegas, there have been some rumblings that the team’s first-round pick of the 2024 NHL Draft, Trevor Connelly, may forego his commitment to Providence College and sign his entry-level contract with the Knights. However, David Pagnotta of The Fourth Period reports that is not the case and that Connelly will indeed honor his commitment to the Friars. Connelly is coming off a season in which he scored 31 goals and 78 points in 52 games for the Tri-City Storm of the USHL last year and will look to help Providence keep their head above water in a difficult Hockey East conference.
  • The Anaheim Ducks organization is bringing back a brief member of their defensive core. The team’s AHL affiliate, the San Diego Gulls, announced former defenseman Bret Hedican has been hired as a senior development analyst. After retiring from the NHL as a member of the Ducks after the 2008-09 season, Hedican had been working in the broadcast department with the organization’s rival — the San Jose Sharks.

Penguins Sign Sergei Murashov To Entry-Level Contract

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The Pittsburgh Penguins are bringing a solid goaltending prospect to North America as the team announced they have signed goalie Sergei Murashov to a three-year, entry-level contract. Murashov should compete with Penguins’ prospect Taylor Gauthier for the backup minutes with the Wilkes-Barre/Scranton Penguins with the loser of that battle earning the starter’s role with the Wheeling Nailers of the ECHL.

It is Joel Blomqvist’s net to lose with the AHL Penguins but Marashov should be biting at his ankles relatively quickly. No matter how this situation plays out — Pittsburgh is quickly building one of the better goaltending pipelines in the league.

The Penguins selected Murashov with the 118th overall selection in the 2022 NHL Draft after a promising season with Loko-76 Yaroslavl of the MHL. In his draft year, Murashov played in 41 games for Yaroslavl and recorded a 21-16-3 record with a .927 save percentage and 2.49 goals against average. Hoping to keep his confidence up by playing in his birth city, the Penguins have left Murashov to develop in Russia for the last two years.

Murashov has continued his development with Loko Yaroslavl of the MHL over the last two years and had brief playing time with their KHL affiliate, the Lokomotiv Yaroslavl. Playing on one of the most successful organizations in Russia’s major feeder league, Murashov produced a 24-7-5 record in 37 games during the 2022-23 season with a .948 SV% and 1.53 GAA. Murashov carried a .932 SV% in that year’s playoffs before losing in the semi-finals.

The 2023-24 season became his most dominant as Murashov collected 24 wins in 34 games with a .930 SV%. In the playoffs, the young Russian netminder earned a .926 SV% and 2.07 GAA en route to his team becoming champions at the end of the season.

Murashov is still young for a goaltending prospect at only 20 years old, so he may end up starting the year in Wheeling just for development’s sake. However, if he continues his upward trajectory there should be no question Murashov will be competing for a full-time job in the AHL soon.

Flames Re-Sign Dustin Wolf To Two-Year Deal

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The parade of unsigned RFAs inking deals today continues. Joining the list is Flames top goaltending prospect Dustin Wolf, who PuckPedia reports has signed a two-year, $1.7MM deal. It’s a two-way pact in 2024-25 ($850K NHL/$275K AHL) before transitioning to a one-way structure in 2025-26 ($850K). He has a $375K salary guarantee this season. The team made Wolf’s deal official shortly after the initial report.

It looks to be a short-term bargain pact for one of the best young goalies in the world. Wolf, 23, was a seventh-round pick back in 2019 but has been dominant in the juniors and minors since. The California native won the Western Hockey League’s top goaltender award in his final two seasons with the Everett Silvertips and followed that up by winning the AHL’s top goalie award in each of his first two professional seasons. Over the last four seasons, Wolf has a 2.29 GAA, .926 SV%, 11 shutouts and a 97-32-10 record in 141 games with the Calgary Wranglers and Stockton Heat.

Things haven’t been quite as smooth at the NHL level for Wolf, though. The 6’0″ netminder has gotten spotty action the past two years but was relied upon more heavily as a third-string option last season, starting 15 games and making two relief appearances. He was below average in that run, posting a .893 SV% with a 3.16 GAA and a 7-7-1 record. Putting such a young goalie behind a non-playoff team is always a tough ask, though.

But with Jacob Markstrom traded to the Devils and no other notable moves in the Calgary crease, Wolf projects to start next season on the NHL roster, working in tandem with Daniel Vladar. It would be surprising to see the Flames take advantage of the two-way structure of his deal this fall, although it is worth noting he’s still waiver-exempt. That changes in 2025-26. Behind Wolf and Vladar, the Flames’ third-string option is 27-year-old Devin Cooley, who had a .870 SV% in six games for the Sharks to end last season. It was his first time seeing NHL action.

Wolf will be 25 years old upon expiry in 2026 and will still be an RFA. He’ll be eligible for salary arbitration at that time.

Image courtesy of USA Today Sports.

Rangers, Ryan Lindgren Avoid Arbitration

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4:25 PM: The Rangers have confirmed the signing according to a public announcement.

12:52 PM: The Rangers and defenseman Ryan Lindgren have reached an agreement prior to their arbitration hearing, which was scheduled for Aug. 2. It’s a one-year deal worth $4.5MM, reports Elliotte Friedman of Sportsnet.

Lindgren, 26, will return to the Blueshirts for his seventh NHL season. In his time in New York thus far, the Minnesota-born blue liner has blossomed as a stay-at-home partner for Adam Fox on the team’s top pair. Lindgren’s averaged 19:34 per game since 2020-21, and his offense has remained consistent, providing between 15 and 20 points per campaign. However, he’s coming off a difficult season, one that likely impacted how long negotiations stretched out.

At first glance, last season seemed par for the course for Lindgren, who had 17 points and a +22 rating in 76 appearances while averaging 19:21 per night. But advanced metrics painted a much different story, as his relative CF% and xGF% dipped into the negatives for the first time since his rookie season. The Rangers were out-attempted 1,258-1,153 with Lindgren on the ice at even strength, and his pairing with Fox only controlled 46.5% of expected goals, per MoneyPuck. That figure is way down from 54.6% in 2022-23.

The younger brother of Capitals netminder Charlie Lindgren will try and redeem himself in a 2024-25 campaign that will be the most important of his career. That’s because a one-year pact walks him directly to unrestricted free agency next summer.

After signing Lindgren, the Rangers’ projected opening-night roster is at a full 23-player count with $623K in projected cap space, per PuckPedia. That prorates to about $2.8MM in space come trade deadline day. He’ll be given a chance to reprise his first-pairing role alongside Fox, hopefully with better possession play at even strength.

Last season, Lindgren finished seventh on the Rangers in hits (114) and fifth in blocks (103). Drafted by the Bruins in the second round in 2016, Lindgren was acquired in a 2018 deal that sent Rick Nash to Boston.

Image courtesy of USA Today Sports.

Canadiens Re-Sign Justin Barron To Two-Year Deal

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The Canadiens have re-signed defenseman Justin Barron, according to a team release, which states that the Canadian righty will receive a two-year, $2.3MM contract. He’ll cost $1.15MM against the cap through 2025-26.

After a trio of seasons with the QMJHL’s Halifax Mooseheads, the Avalanche selected Barron 25th overall in 2020. He spent his post-draft season back with Halifax before inking his entry-level contract with Colorado in April 2021, finishing out the season with their AHL affiliate. He made his NHL debut for the Avs the following season but played just two games before he was sent to Montreal in a deal for winger Artturi Lehkonen.

The 22-year-old has steadily climbed up the Montreal depth chart since. He’s spent the slight majority of the last two seasons on the Canadiens roster but has still seen significant time with their AHL affiliate in Laval. That’s where he played the back half of last season, playing almost exclusively in the minors after being sent down in mid-January. He was, however, recalled for a seven-game stretch in April to finish the regular season in Montreal.

In 94 games with the Avs and Habs the past few years, the Halifax native has 12 goals, 18 assists and 30 points with a -8 rating while averaging 18:33 per night. He’s already held his own offensively while playing fringe top-four minutes and likely still has second-pairing upside long-term. Barron has solid possession numbers and has consistently had better shot attempt shares than the Habs’ team average.

All signs point to him being ready to graduate to full-time NHL usage next season, but he enters a tight competition for spots with other youngsters like Lane Hutson, Jayden Struble and Arber Xhekaj, who signed a slightly richer two-year deal earlier today. Notably, Barron’s $1.15MM cap hit is the maximum that can be stashed in the minors without incurring a penalty. However, sending him to Laval would require exposing him to waivers, and he’d likely get claimed.

Barron was Montreal’s last remaining unsigned RFA. He’ll be eligible for arbitration when his new deal expires.

Eric Staal Announces Retirement

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It’s been all quiet on the Western Front for Eric Staal for over a year now. The free-agent center reached the Stanley Cup Final with the Panthers in 2023 but didn’t sign or play anywhere last season.

On Tuesday, Staal confirmed he’d played his last NHL game, signing a one-day contract with Carolina to retire as a Hurricane. The Canes will also retire Staal’s No. 12 at a yet-to-be-announced game this season.

“I want to thank my family, former teammates, coaches and staff members who played a role in helping me live my dream, playing in the NHL,” Staal said in a statement released by the team. “I will forever treasure the memories and friendships made during my 18 years in the world’s best league.”

“There was no doubt in my mind that when it became time to hang up my skates, I would want to retire as a Carolina Hurricane,” he continued. “To now also know that the team is retiring my No. 12 is truly humbling and I am extremely grateful and honored.”

Staal, 39, is often overlooked as one of the NHL’s early salary-cap-era stars. But the Thunder Bay, Ontario native was always expected to make an indelible impact on the Canes after being drafted second overall in the famously stacked 2003 draft. While he hasn’t played there in over eight years – his tenure ended with a trade to the Rangers in 2016 – he’s still arguably the most impactful talent in Carolina history since the franchise relocated from Hartford in 1997.

His best came early, erupting as a sophomore in the 2005-06 season to lead the Canes in scoring with 45 goals and 100 points, both career-highs. 21 at the time, Staal was the centerpiece of the Canes’ best season in franchise history to that point, crossing the 50-win and 100-point thresholds for the first time. It ended in glory, adding nine goals and 28 points in 25 playoff games as he led the team in scoring en route to their first and only Stanley Cup.

Over parts of 12 seasons in Raleigh, Staal solidified himself as the Canes’ post-relocation leader in games played (909), goals (322), assists (453), points (775), power-play goals (105), power-play points (252) and hat tricks (13) – hat tip to the team’s Walt Ruff for those stats. He averaged over 20 minutes per game in a Carolina uniform and served as their captain from 2009 to 2016, succeeding franchise pillar Rod Brind’Amour.

Age-related decline came for Staal early, though, and his point totals were steadily decreasing by the time he was traded to the Rangers at age 31. His stay with the Blueshirts didn’t extend past the last few months of the season, and he landed in the State of Hockey with the Wild as a free agent in the summer of 2016. He had a bit of a resurgence in Minnesota, most remembered for a 42-goal, 76-point campaign in 2017-18 that placed him 17th in Hart Trophy voting. But his days of being a dominant top-line threat were behind him.

He played the final few seasons of his career with the Sabres, Canadiens and Panthers, serving as a good veteran depth piece on Montreal and Florida teams that each reached the championship series (2021 and 2023, respectively). But he couldn’t recapture the honor he had nearly two decades ago and was on the losing end of both series.

All in all, Staal wraps up his career with 455 goals, 608 assists and 1,063 points in 1,365 NHL games across 18 seasons. The eldest of the four Staal brothers with NHL experience, including Jared Staal, Jordan Staal and Marc Staal, retires at 76th on the league’s all-time scoring list. All of us at PHR congratulate Staal on a championship-caliber career and wish him the best as he enters the next phase of his hockey career.

Image courtesy of USA Today Sports.

Central Notes: Faber, Wood, Hemming, Buchinger

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The Wild’s franchise-record extension for rising sophomore defenseman Brock Faber turned some heads yesterday, but general manager Bill Guerin believes the deal is “worth the risk,” he told Joe Smith of The Athletic (subscriber link).

Smith adds that Guerin has acknowledged the league-wide trend of banking on potential core pieces early in their careers, getting the cost certainty that comes with rich, long-term deals compared to bridging players through their prime and then overpaying for their twilight seasons.

“This is a different game now, a different generation, a different way of doing business,” Guerin said. “It’s really important you have to do a lot of work to make sure who you’re identifying as your foundation guys… I’d much rather have a guy Brock’s age on an eight-year deal than a 31-year-old guy. It makes sense. [Faber’s] shown he’s mature enough to handle it.”

More out of the Central Division:

  • As the Predators’ No. 1 forward prospect, winger Matthew Wood is looking to be more efficient at filling out his 6’4″ frame, he tells Robby Stanley of NHL.com. “I feel a lot stronger on my feet. I think I’m starting to use my body a bit better and starting to learn about that. Strength is definitely something I’m working on, and that’s going to take my game to the next level,” Wood said. The 19-year-old is transferring from UConn, where he had 27 goals and 62 points in 70 games over the first two seasons of his collegiate career, to Minnesota for his junior season in 2024-25.
  • The new-look Stars have been built on the back of expert player development, a pattern they’re hoping to repeat with 2024 first-round pick Emil Hemming. Dallas already has the Finnish winger signed to his entry-level contract, and he’ll be closer to the Stars this season by moving from his home country to the Barrie Colts of the Ontario Hockey League. It’s part of an attempt to strike gold yet again and work more directly with the 6’1″, 205-lb forward on developing his all-around game, writes Sean Shapiro of EP Rinkside on his personal blog (subscriber link).
  • In an interview with Matthew DeFranks of the St. Louis Post-Dispatch (subscriber link), Blues defense prospect Michael Buchinger says he’s ready to make the jump to the pros this fall after wrapping up his junior career with the Ontario Hockey League’s Guelph Storm. “I just think making the first decision, not trying to overthink, not trying to make a fancy pass,” Buchinger said. “Obviously at the pro level, everyone’s in that right position. Just understanding the systems and where guys are going to be and making a really quick, smart decision. I think the rest will take care of itself.” The No. 88 pick in 2022 will have his entry-level contract go into effect this year, and he’s expected to start the campaign on assignment to AHL Springfield, where DeFranks notes he should have ample power-play opportunity thanks to roster turnover.

Devils Re-Sign Nico Daws To Two-Year Deal

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The Devils have re-signed RFA goaltender Nico Daws to a two-year deal, according to a press release from the team. It’s a two-way pact in 2024-25 ($775K NHL/$350K AHL) before upgrading to a one-way structure in 2025-26, paying him $850K. That works out to an average annual value and a cap hit of $812.5K. Daws also has a salary guarantee of $465K this season, the team said.

Daws, 23, was selected with the 84th overall pick out of the Ontario Hockey League’s Guelph Storm in 2020. He signed his entry-level contract with the Devils one year later after playing one season of pro hockey with Germany’s ERC Ingolstadt. He was immediately thrust into action, making 23 starts and two relief appearances in the 2021-22 campaign. The Germany-born Canadian was one of seven netminders the struggling Devils used that season. He was arguably the best of all of them, leading them with 10 wins and posting a .893 SV%, the highest among NJ goalies with at least 15 GP that season.

After the Devils acquired Vitek Vanecek from the Capitals ahead of 2022-23, Daws could more comfortably return to a development role in the AHL. He responded with an All-Star season for the Utica Comets, posting a .904 SV% and 2.70 GAA in 33 contests with two shutouts and a 16-14-3 record. He added a .920 SV% in six playoff games before undergoing offseason hip surgery that delayed his debut last season until December.

Upon returning to health, Daws was again called upon to aid a New Jersey crease struggling with injuries and poor play from its veterans and other youngsters. He remained a passable NHL option, posting a .894 SV%, 3.15 GAA and -5.1 GSAA in 21 performances and a 9-11-0 record.

With other early-20s competitor Akira Schmid out of the picture after being traded to the Golden Knights a few weeks ago, Daws enters 2024-25 as the Devils’ undisputed No. 3 netminder. He remains waiver-exempt and will likely start the season in Utica with veterans Jake Allen and Jacob Markstrom manning the NHL crease. Daws has 14 games remaining until he loses that waiver exemption and will require them beginning in 2025-26, regardless of what NHL action he sees this season, per CapWages’ waivers calculator.

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