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Arbitration

Toronto Maple Leafs, Ilya Mikheyev Exchange Arbitration Figures

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After Tony DeAngelo, Matt Grzelcyk and Andrew Mangiapane all signed new contracts before their hearings this week, the arbitration schedule will be kicked off on Wednesday with Toronto Maple Leafs forward Ilya Mikheyev. Elliotte Friedman of Sportsnet reports that the two sides have exchanged filings. The Maple Leafs have filed for a two-year contract that carries an average annual value of $1MM, while Mikheyev’s camp has filed for a one-year, $2.7MM contract. It is important to remember that in the NHL, the arbitrator does not need to choose one filing or the other and usually instead awards a contract somewhere in the middle. The two sides can also come to an agreement in the coming days, though this year once the hearing begins they must wait for the reward and cannot settle while the arbitrator deliberates.

After moving out $6.6MM in the form of Kasperi Kapanen and Andreas Johnsson the Maple Leafs are actually in a fine position to afford Mikheyev’s arbitration result and re-sign restricted free agent Travis Dermott. The bargain-bin shopping of GM Kyle Dubas resulted in low-cost additions of Wayne Simmonds, Jimmy Vesey, Zach Bogosian and Joe Thornton, meaning they aren’t in quite the salary cap pickle as they were a year ago.  Remember that when Mikheyev and Dermott are signed, two other players can be sent to the minors (or junior, in the case of Nick Robertson) to clear up that extra room.

The hearing for Mikheyev will be interesting though, given how little experience the 26-year-old has at the NHL level. Signed out of the KHL in 2019, Mikheyev was a revelation for the Maple Leafs early on, recording eight goals and 23 points while providing strong penalty killing. He regularly saw time playing beside John Tavares and looked well on his way to becoming a valuable middle-six option for the team. Unfortunately, Mikheyev suffered a scary wrist injury in late-December. New Jersey Devils forward Jesper Bratt’s skate came up and sliced Mikheyev’s arm, severing tendons and causing the Russian forward to require immediate surgery.

Though he did return for the Maple Leafs short-lived postseason, he failed to score a single point against the Columbus Blue Jackets and now heads into arbitration with just 23 points in 44 career NHL games. Since these hearings are based on actual production, not potential, it’s likely that the Maple Leafs will get a bargain relative to what he could have demanded had the injury never have occurred.

Photo courtesy of USA Today Sports Images

Calgary Flames Sign Andrew Mangiapane

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The Calgary Flames have reached an agreement with restricted free agent forward Andrew Mangiapane, avoiding arbitration that was scheduled for just a few days from now. The two-year contract will carry an average annual value of $2.425MM. Mangiapane was set to be the first hearing of the arbitration schedule on October 20.

The 24-year-old Mangiapane broke out in 2019-20, finally finding his footing as a full-time NHL player and scoring 17 goals in the process. He was a difference-maker all over the ice and managed to record his 32 points almost entirely at even-strength, in fewer than 14 minutes a night no less.

That kind of production is the stuff that makes you believe a player can take another step if given a bigger chance, and with the new contract Mangiapane will certainly be in the mix for more minutes. Playing in the minor leagues as recently as 2018-19, the sixth-round pick will be a core piece for Calgary this season.

Settling that arbitration case means that the Flames now have just Oliver Kylington left to sign as a restricted free agent, though he wasn’t eligible to file this time around. Calgary has a little more than $77.5MM committed to just 17 players, meaning the rest of the roster will either have to be filled out on cheap deals or someone will be moved out.

Minnesota Wild Sign Kaapo Kahkonen

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The Minnesota Wild have already experienced huge changes in the crease this offseason, moving Devan Dubnyk to the San Jose Sharks and then committing to a three-year deal with Cam Talbot. While he will be expected to become the team’s starter in the short-term, there is still a prospect who will be challenging for the job down the line.

Kaapo Kahkonen, the reigning AHL Goaltender of the Year, has signed a two-year contract with Minnesota. That will remove the need for salary arbitration, which Kahkonen elected last week. The deal is a two-way contract in 2020-21, a one-way in 2021-22 and will carry an average annual value of $725K.

Kahkonen, 24, was a fourth-round pick by the Wild in 2014 and remains one of the top goaltending prospects in the league. In his sophomore season at the AHL level he posted a .927 save percentage and 2.07 goals-against average, earning him the top honors. He also received five games at the NHL level, where he more than held his own, posting a .913.

When asked about where the Talbot signing leaves Kahkonen, Wild GM Bill Guerin told Michael Russo of The Athletic that it gives them more time for his development and that “the last time we want to do is rush him along.” 

Notably, a two-year deal will actually take Kahkonen to Group VI unrestricted free agency should he not get an NHL opportunity. Of course, the situation is also complicated by the expansion draft, where the Wild will only be able to protect one goaltender. It seems unlikely that Seattle would be targeting Talbot, but if he has a strong season in the Minnesota net the Wild will have to decide whether to leave him or Kahkonen unprotected.

Buffalo Sabres Sign Brandon Montour

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The arbitration deadline came and went today without Brandon Montour’s name on the list, raising some eyebrows around the league. Not to worry, Montour agreed to a new contract with the Buffalo Sabres prior to the deadline. The new one-year contract will carry a salary of $3.85MM.

A new contract likely won’t stop Montour’s name from being constantly thrown around in trade speculation, especially since a one-year deal takes him directly to unrestricted free agency next offseason. The 26-year-old was acquired in 2019 from the Anaheim Ducks in exchange for Brendan Guhle and a first-round pick, but hasn’t been quite what the Sabres expected over his 74 games in Buffalo.

Once seen as a sure-fire future top-four option, Montour’s game has stagnated in Buffalo to a degree as he recorded just 18 points in 54 games this season. Despite his puck-moving pedigree, he saw less time on the powerplay than Rasmus Dahlin, Rasmus Ristolainen and Colin Miller, instead logging almost all of his 19 minutes a night at even-strength.

As Kevyn Adams takes over as GM in Buffalo and reviews his roster, it will be interesting to see how he views Montour. Is he a core piece that can be part of the solution, or should he be sold off for more futures at this season’s deadline? The Sabres have only two defensemen signed through 2021-22 (Ristolainen and Miller) and could quickly revamp the entire group behind Dahlin and fellow youngster Henri Jokiharju.

If Montour stays the whole year, he’ll certainly have a reason to perform. When he hits unrestricted free agency he’ll be one of the youngest defensemen on the market and could generate a ton of interest, especially if players like Dougie Hamilton come off the list with extensions.

Photo courtesy of USA Today Sports Images

26 Players Elect Salary Arbitration

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Today at 4pm CT was the deadline for players to file for salary arbitration in this rapid-paced start to the offseason. Once that threshold passed, the NHLPA released the full list of 26 players who have filed. That list:

Matt Grzelcyk (BOS)
Victor Olofsson (BUF)
Sam Reinhart (BUF)
Linus Ullmark (BUF)
Andrew Mangiapane (CGY)
Clark Bishop (CAR)
Haydn Fleury (CAR)
Warren Foegele (CAR)
Gustav Forsling (CAR)
Ryan Graves (COL)
Tyler Bertuzzi (DET)
MacKenzie Weegar (FLA)
Kaapo Kahkonen (MIN)
Joshua Ho-Sang (NYI)
Ryan Pulock (NYI)
Devon Toews (NYI)
Tony DeAngelo (NYR)
Alexandar Georgiev (NYR)
Brendan Lemieux (NYR)
Ryan Strome (NYR)
Connor Brown (OTT)
Christian Jaros (OTT)
Nick Paul (OTT)
Chris Tierney (OTT)
Ilya Mikheyev (TOR)
Jake Virtanen (VAN)

Other restricted free agents can still be taken to arbitration by their clubs. The deadline for club-elected salary arbitration filing is October 11 at 4pm CT. Salary arbitration hearings will be held between October 20 and November 8.

It is important to note that these players who have elected salary arbitration are no longer eligible to sign an offer sheet.

 

Anaheim Ducks To Extend Chase De Leo

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The Anaheim Ducks have reportedly come to terms on a new contract with forward Chase De Leo. CapFriendly reports that De Leo will sign a one-year, two-way deal with the Ducks at the minimum $700K AV. De Leo is expected to make $140K at the AHL level. A restricted free agent with arbitration rights, De Leo returns to the Ducks for another year without issue.

De Leo, 24, does not look like a threat to take an NHL roster spot at this point in his career. For the second straight season, De Leo played in just one game with the Ducks and failed to record a point. After appearing in two scoreless games with the Winnipeg Jets in his first pro season, De Leo has yet to record his first NHL point in four games.

At the AHL level, De Leo saw a significant drop-off in production this past season. After recording 20 goals and 55 points in 66 games in the minors in 2018-19, De Leo sunk to just ten goals and 25 points this year. Fortunately for him, the Ducks see something in De Leo to keep him around for another season.

Edmonton Oilers Not Expected To Qualify Andreas Athanasiou

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Wednesday: The Oilers have made it official, extending qualifying offers to only Ethan Bear and William Lagesson. That leaves Athanasiou, Benning, Logan Day, Cameron Hebig, Ryan Kuffner, Ryan Mantha, Angus Redmond and Nolan Vesey unqualified. All of them will become unrestricted free agents on Friday.

Tuesday: The deadline to submit qualifying offers to restricted free agents is tomorrow evening and the Edmonton Oilers have some interesting decisions to make. After making his first-round selection tonight, Oilers GM Ken Holland spoke to reporters including Ryan Rishaug of TSN and explained that he doesn’t think the team will qualify Andreas Athanasiou or Matt Benning.

This is a scenario we discussed in our recent Free Agent Focus piece and is a disaster for the Oilers. Edmonton used two second-round picks (and Sam Gagner) to land Athanasiou from the Detroit Red Wings at the deadline and will now let him walk into unrestricted free agency just a few months later. The speedy forward ended up playing just 13 total games for the organization, scoring a single goal and being held completely scoreless in the Oilers four postseason games.

After scoring 30 goals in 2018-19, Athanasiou was a risky player to qualify for the Oilers given the flat cap landscape in the NHL. He would have required a $3MM offer just to retain his rights, but then could have earned even more than that through arbitration. Edmonton has just under $8.8MM in cap space and need to both re-sign restricted free agents Ethan Bear and Jesse Puljujarvi while also upgrading their roster considerably in free agency. If Oscar Klefbom is out for the season his cap hit can be placed on long-term injured reserve for a little more flexibility, but unless they thought Athanasiou was going to routinely play in their top-six his arbitration award was going to be too expensive.

Still, losing those draft picks and only getting a handful of games out of him hurts. The Oilers have several strong prospects but could have used the picks for a different trade upgrade this offseason. Instead, Athanasiou will enter the free agent market as a young, talented forward that could be a difference-maker in the right situation.

Arizona Coyotes Will Not Qualify Vinnie Hinostroza

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The Arizona Coyotes are expected to slash payroll dramatically this offseason as the team deals with a new financial reality. While that may play out most dramatically with an Oliver Ekman-Larsson trade, it also may be seen in the margins with some less expensive players. Vinnie Hinostroza, one of the team’s pending restricted free agents, is not expected to receive a qualifying offer according to Craig Morgan of AZ Coyotes Insider. That would make him an unrestricted free agent on Friday.

Hinostroza, 26, would need a $1.5MM qualifying offer from the Coyotes to remain in the organization, but it could end up costing them even more than that to get him signed. The sixth-round pick is also arbitration-eligible, and with a 16-goal season in 2018-19 may end up landing more than just $1.5MM should he get that far. The only way to avoid arbitration is by cutting bait, something we suggested the Coyotes may do in our Free Agent Focus piece last month.

Frankly, Hinostroza hasn’t been good enough to deserve a raise this offseason. The former Chicago Blackhawk scored just five goals and 22 points for the Coyotes this season and doesn’t bring a ton of value outside of his expected offense.  When he first arrived in Arizona it seemed like a strong fit, but the combination of a lack of scoring and salary restructuring appear to have made him expendable.

As a free agent, he’ll be an interesting name to keep an eye on. Perhaps a team can get the relatively young forward on a bargain contract to attempt a bounce-back season, especially in a flat-cap world that could squeeze the midrange free agents.

Josh Anderson Re-Focused On Long-Term Extension With Blue Jackets

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When Josh Anderson failed to return to the Blue Jackets lineup this postseason, as he continued to rehab from a major shoulder surgery this spring, it was fair to question whether he had already played his final game for Columbus. Anderson is an impending restricted free agent this off-season who went through a long, contentious negotiation with his club three years ago when he was last seeking a new contract. The two sides finally agreed to a below-market three-year, $5.5MM pact that reportedly left Anderson unhappy and led many to speculate that he could be traded before the two sides had a chance to ever return to the negotiating table. Adding fuel to that fire – on both sides – was Anderson playing well above his price tag for the first two years of his contract, then struggling with injury and inconsistency this year. Anderson’s market value is now murkier than it has ever been and many have felt that it could be in the best interests of both sides to get a fresh start.

For whatever reason, that status quo has now changed dramatically. The Athletic’s Aaron Portzline relays word from Anderson’s agent, Darren Ferris, that the 26-year-old power forward’s priority is now to sign a long-term extension to remain in Columbus. Although Anderson has not played this calendar year, and during that time he was nearly traded at the deadline, he has changed his position on the club and now sees a long-term fit. The reasoning remains unclear, but Ferris did clarify that the recent changes in the Blue Jackets’ front office, with Bill Zito departing for the Florida Panthers and Josh Flynn replacing him at the negotiating table, are not a factor. Anderson simply has decided that he would like to stay with the club.

GM Jarmo Kekalainen is also interested in a renewed commitment to Anderson, he tells Portzline. However, the experienced executive is already setting the table for what could be another difficult negotiation, stating “we’ll make every effort to get him signed, but it has to be something that makes sense for both sides.” With a flat cap, Kekalainen could be setting Anderson up for another underwhelming offer, based more on his disappointing platform season than his impressive two seasons prior.

The one piece of leverage that Ferris holds this off-season that he didn’t the last time around is salary arbitration. While it isn’t the long-term solution that Anderson is hoping for, and could in fact end up forcing a trade, arbitration rights could help Anderson to finally find fair market value, as cap space cannot be considered in an award. As always, both sides will try to avoid arbitration, but the looming threat of that option could put Anderson on the winning side of contract talks this time, whether he gets his long-term deal or a short-term pact.

Notes On The CBA

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Changes made to the newly-extended CBA are trickling in by the day as we await the results of the player vote. The latest update is a change to the performance overage policy. Per Sportsnet’s Elliotte Friedman, those teams who incur a Performance Bonus overage will be able to distribute the penalty evenly across each of the next two seasons. It’s a small consolation for a frozen salary cap line, but it’s a helpful option nonetheless that will enable teams to make a more cohesive plan to get through the next couple of seasons with a salary cap of $81.5MM. More from the CBA…

  • There were a couple of tweaks to arbitration rules, notes The Athletic’s Craig Custance. For starters, once an arbitration hearing begins, a settlement will no longer be allowed. This might push teams and players even harder to reach accords before settling in arbitration. Once there, the play-in rounds for this year’s 24-team playoff will technically count as playoff stats, not part of the regular season. This makes sense since not all teams are taking part.
  • As things currently stand, those unsigned players looking to make the leap to North America – Alexander Romanov, Ilya Sorokin, Kirill Kaprizov, and others – aren’t eligible to participate in 2019-2020 season. They are able to sign, however, and burn one year of their ELC, something the Wild are willing to consider with Kaprizov just to get him playing with his North American teammates, per The Athletic’s Michael Russo. The key is this: It’s still possible these players would be allowed to participate in Phase 3 training camp, per TSN’s Bob McKenzie. The Wild, for instance, would burn a year of Kaprizov’s ELC to get him comfortable with his new teammates, but it’s hard to see the value otherwise.

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