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East Notes: Stamkos, Hedman, Flyers

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Steven Stamkos and the Tampa Bay Lightning continue to engage in contract talks but Lightning general manager Julien BriseBois isn’t sure that a deal will get done before July 1st (as per Eduardo A. Encina of the Tampa Bay Times). The Lightning GM met with Stamkos’ representatives as recently as yesterday but with Tampa Bay’s cap crunch, the 2008 first overall pick may go to market.

Stamkos would have no shortage of suitors (as per Darren Dreger of TSN) if he becomes an unrestricted free agent and it would mark the end of an incredible era in Tampa Bay. Stamkos has won two Stanley Cups with the Lightning as well as two Rocket Richard trophies and has tallied 555 goals and 582 assists in 1082 NHL games. If the 34-year-old does go to market, he is sure to find a lucrative deal as he is coming off a season in which he registered 40 goals and 41 assists in 79 games.

In other Eastern Conference notes:

  • Gabby Shirley of Bally Sports is reporting that Tampa Bay Lightning general manager Julien BriseBois has held extension talks with defenseman Victor Hedman. BriseBois told the media that he hopes that he will agree on an extension in the coming days as Hedman is eligible to sign a new deal on July 1st. The 33-year-old has one year left on his current contract and is coming off another strong season in which he posted 13 goals and 63 assists in 78 games. Hedman’s cap hit for next year will be $7.875MM, but his actual salary will be $7MM.
  • Pierre LeBrun of TSN is reporting that the Philadelphia Flyers made a big push to try and acquire the fourth overall pick in this year’s NHL entry draft from the Columbus Blue Jackets. LeBrun’s sources have told him the Philadelphia made the offer on Wednesday and it was reported to include a swap of first-round picks, a player off the Flyers roster, and potentially the Flyers first-round pick next year. According to reports, Blue Jackets’ general manager Don Waddell turned down the offer, but it remains possible that the teams re-engage in the hours leading up to the draft.

Penguins Notes: Pettersson, Jarry, Smith

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Rob Rossi of The Athletic is reporting that the Pittsburgh Penguins and defensemen Marcus Pettersson have a mutual interest in signing a contract extension this summer. The 28-year-old Pettersson has one year left on his five-year contract at a cap hit of $4.025MM and was arguably the Penguins’ most steady defender last year, playing big minutes with both Kris Letang and Erik Karlsson and elevating both players.

The Penguins acquired Pettersson back in December 2018 for forward Daniel Sprong and the Skelleftea, Sweden native quickly became a regular on the Penguins’ back end. Pettersson has never been much of an offensive contributor but did post four goals and 26 assists in 82 games last season while playing 22:40 a game and providing terrific work on the penalty kill.

Pettersson’s next contract is tough to project, but given his contributions of late, it’s not unrealistic to expect his AAV to fall in the range of $5.5MM to $6MM per season on a long-term deal.

In other Penguins notes:

  • Rob Rossi of The Athletic is reporting that Tristan Jarry can submit a new 12-team no-trade list to the Penguins on July 1st, which could complicate a potential trade if they don’t move him before that day. Penguins general manager Kyle Dubas would reportedly like to make a hockey trade for Jarry if he chooses to move him and wants to receive back a top-six winger or a top-four defenseman. According to Rossi, the Penguins aren’t in a rush to deal Jarry and are comfortable starting next season with him and recently re-signed Alex Nedeljkovic, as there is some debate about whether top goaltending prospect Joel Blomqvist is ready to take a role in the NHL next season.
  • The Penguins are hesitant to bring forward Reilly Smith back for the final season of his contract (as per Rossi). Pittsburgh management doesn’t believe that Smith was unhappy to be a Penguin, but reportedly hoped he would have an easier transition to the team after he came over in a trade from the Vegas Golden Knights. Smith recently changed agents and is now represented by Pat Brisson, who also represents teammate Sidney Crosby. Rossi believes that the Penguins will work with Brisson to determine the best situation for Smith and the team and act accordingly. If that course of action is a trade, then the Penguins will look to move Smith to a destination that suits him. The Penguins offered Smith up at the trade deadline but couldn’t find a dance partner at that time.  Smith has one year left on his contract at a $5MM cap hit.

Oilers Won’t Renew Ken Holland’s Contract

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10:32 a.m.: The Oilers won’t be renewing Holland’s contract, CEO of hockey operations Jeff Jackson confirmed. The organization didn’t say when the search for his successor would begin, nor did they name an interim GM ahead of tomorrow’s draft.

8:17 a.m.: Sportsnet’s Elliotte Friedman reports that the Edmonton Oilers will likely allow general manager Ken Holland’s contract to expire on June 30th. Holland would become a free agent at that point, and the expectation is that multiple teams will pursue him to gauge his interest in hockey operations positions. Holland and the Oilers came within one win of the Stanley Cup, which would have been Holland’s fifth had they been successful.

If the Oilers let Holland walk, they will be without a general manager at the most critical time of the year, and as Friedman points out in his article, they could choose to go without a GM in the interim.

Holland has his detractors and had a very uneven run in Edmonton, signing several questionable contracts with Jack Campbell, Darnell Nurse, and Cody Ceci. However, Edmonton never missed the playoffs during Holland’s five-year run and made two Western Conference Finals appearances and one Stanley Cup Final. Holland also made some very savvy moves, notably the signing of 50-goal scorer Zach Hyman, trading for defenseman Mattias Ekholm, and the trade deadline move for Adam Henrique.

TSN’s Darren Dreger reported earlier this week that Holland would have a role in Edmonton if he wanted it, but it remains to be seen if he will look for new challenges or simply retire. If this is the End for Holland in Edmonton, he will finish his time there with a 220-121-32 record.

Blues Hire Claude Julien As An Assistant, Promote Steve Ott To Associate Coach

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The St. Louis Blues have hired former Stanley Cup champion head coach Claude Julien to their coaching staff as an assistant coach and made a few other moves to their coaching staff. Julien led the Boston Bruins to the Stanley Cup back in 2011 and has been an NHL head coach for 19 seasons beginning his career with the Montreal Canadiens back in 2002.

Julien lasted three seasons in Montreal and then moved to New Jersey and spent just a single season with the Devils before joining the Bruins where he served as head coach for ten years. During that run, Julien accumulated a franchise record of 419 regular season wins and was named the 2009 Jack Adams Award as the NHL’s best coach. The Bruins made seven trips to the playoffs during his run behind the bench and played in two Stanley Cup Finals. Julien returned to Montreal in 2016 and coached the Canadiens for another five years until 2021.

The Blues have also promoted former player Steve Ott to associate coach and extended his contract through the 2025-26 season. Ott has served behind the Blues bench for eight years and was a big part of their 2019 Stanley Cup championship. Ott is a veteran of 848 NHL games spread out over 14 seasons, three of which he played in St. Louis.

In addition to the hiring, St. Louis has also extended the contracts of assistant coach Mike Weber and goaltending coach David Alexander through the 2025-26 season.

Devils Notes: Smith, Necas, Pesce

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James Nichols of NJ Hockey Now is reporting that New Jersey Devils defenseman Brendan Smith will likely become a free agent on July 1st. Nichols added that a different source of his told him that if Smith reaches free agency, it will be his choice and not the Devils. Smith was a trade candidate at the NHL trade deadline but ultimately stayed in New Jersey, however, when the season ended, Smith told the media that he hadn’t discussed a contract extension with the Devils.

The Devils have been busy as of late and are expected to make some major moves this summer, Smith has acknowledged that there is a pecking order to things, and it seems entirely possible that he is open to re-signing with the team. The 35-year-old has stated to the media that he loves New Jersey, but the most important thing to him is staying in the NHL.

In other Devils notes:

  • Frank Seravalli has linked the Devils to Carolina Hurricanes forward Martin Necas saying that New Jersey may have offered their 10th overall picks in this year’s draft in an attempt to acquire the 25-year-old. At this point, it’s almost a foregone conclusion that Carolina is fielding a ton of offers for Necas, while simultaneously trying to sign pending unrestricted free agents such as Jake Guentzel. Necas had a solid, but unspectacular year with the Hurricanes, dressing in 77 games while posting 24 goals and 29 assists. He is a pending restricted free agent and is due a $3.5MM qualifying offer.
  • Rumors continue to fly about the Devils signing free-agent defenseman Brett Pesce. The chatter began when Elliotte Friedman of the 32 Thoughts podcast linked the two sides late last week. Devils’ general manager Tom Fitzgerald told The Jeff Marek Show that he was in the market for defensemen to add to his backend. Pesce is a defense-first rearguard who can play in a variety of roles, he posted a career-high 30 points in the 2022-23 season, but that dropped last year to just three goals and 10 assists in 70 games.

Rangers’ Glen Sather Announces Retirement

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The New York Rangers have announced that after six decades in hockey, senior advisor to the owner and alternate governor Glen Sather has announced his retirement from professional hockey. Sather joined the Rangers 24 years ago and held several positions in the organization including president and general manager when he was first hired by the Rangers in June of 2000. Sather ended his run as Rangers general manager in July 2015 and at the time he finished with an NHL record 2700 regular season games and career regular season wins with 1319. He remained Rangers president until 2019.

Sather’s run in New York never resulted in a Stanley Cup, but he is the winningest general manager in franchise history and was the architect of a very successful decade-long run that saw the Rangers make the playoffs in 11 of 12 seasons and win a playoff series in five of six seasons. The Rangers also won the President’s Trophy in Sather’s final season as general manager, finishing the year with 113 points and 53 wins.

Sather was a five-time Stanley Cup champion with the Edmonton Oilers and was also the head coach for four of those five title wins, joining Punch Imlach as one of only two people in hockey history to win at least four Stanley Cups as both a coach and general manager. He was inducted into the Hockey Hall of Fame in 1997 but continued to work.

Along with his incredible NHL resume, Sather also led Team Canada to a pile of success internationally guiding teams to a Canada Cup Championship in 1994, as well as the World Hockey Championship in the same year.

Sather will long be remembered for the Oilers dynasty of the 1980s, however, the 1990s were a different time in which the Oilers didn’t have the financial means to compete with many of the NHL’s big spenders. Sather may have done some of his best work during this time, keeping Edmonton competitive as the team struggled to retain their top players in Edmonton due to financial constraints.

PHR wishes Sather and his family all the best in retirement and congratulations on having one of the most incredible careers in hockey history.

Buffalo Sabres Intend To Buy Out Jeff Skinner

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Chad DeDominicis of Expected Buffalo is reporting that the Buffalo Sabres intend to buy out forward Jeff Skinner. Jeff Marek and Elliotte Friedman of Sportsnet reported last week that the Sabres were considering a buyout of the final three years on Skinner’s deal, but with the buyout window opening today, all signs point to his time in Buffalo being finished.

Skinner is owed $22MM for the final three seasons of his eight-year $72MM contract and his buyout will be spread out over the next six seasons. The numbers broken down by year will look like this (as per CapFriendly):

  • Year 1 – $1.44MM
  • Year 2 – $4.44MM
  • Year 3 – $6.44MM
  • Year 4 – $2.44MM
  • Year 5 – $2.44MM
  • Year 6 – $2.44MM

Buffalo will save $7.555MM in the first year of the buyout which will give the Sabres $31MM in cap space to play with this summer as they look to get back to the playoffs for the first time in over a decade.

For Skinner, the buyout ends a run in Buffalo that was mired by inconsistent offensive production and poor defensive play. Skinner was acquired by the Sabres back in August 2018 for a package that included a 2019 second-round draft pick, a third-round draft pick in 2020, as well as a sixth-round draft pick in 2020 and Cliff Pu. The trade initially looked like a big win for Buffalo as Skinner posted 40 goals and 23 assists in 82 games. He then signed his massive extension in June 2019 and that’s when the relationship began to sour.

Skinner wasn’t able to maintain his 14.9% shooting percentage from the 2018-19 season and fell on hard times the next two seasons, posting just 21 goals and 16 assists in 112 games. He bounced back in 2022-23, tallying 35 goals and 47 assists for a career-high 82 points in 79 games, however this past season the 32-year-old’s numbers cratered once again as he fell to 24 goals and 22 assists.

Skinner will find work this summer, as there is no shortage of teams looking for scoring and not a ton of it to be found in free agency. Skinner’s defensive work remains an issue and he isn’t much of a puck carrier, but he should be able to latch on with a team on a short-term deal and possibly offer secondary scoring at a reduced price point.

East Notes: Jarry, Chychrun, Provorov

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Elliotte Friedman noted on the 32 Thoughts podcast that Pittsburgh Penguins netminder Tristan Jarry is likely available via trade this summer. The 29-year-old signed a five-year $26.875MM contract last summer with the Penguins and put up pedestrian numbers in another inconsistent season and eventually lost the starter role to recently re-signed Alex Nedeljkovic.

Jarry’s contract might have looked unmovable just a few months ago, but given the goalie market and the fact that he is a two-time All-Star, a move seems very possible. Whether the Penguins want to make that move or not is another story, but the fact that they didn’t start him in the final 13 games of the regular season is certainly not a vote of confidence. Jarry went 19-25-5 last season with a .903 save percentage and a 2.91 goals-against average. His underlying numbers were a tick better as he posted 2.6 goals saved above expected (as per MoneyPuck).

In other Eastern Conference notes:

  • Bruce Garrioch of Postmedia is reporting that the Ottawa Senators are gauging what the trade market looks like for defenceman Jakob Chychrun. The 26-year-old has one year left on his contract at $4.6MM and will be a prime trade target for many teams looking to improve their backend. Ottawa is reportedly looking for a first-round pick, as well as a second-round pick or a high-end prospect in exchange for Chychrun, a steep price for what could be a one-year rental. Chychrun had a good offensive season last year with 14 goals and 27 assists in 82 games; however, he was -30. Chychrun turned the puck over with alarming frequency last season, committing 73 turnovers, however, his possession numbers were very good with a CF% of 51.2% at even-strength.
  • Aaron Portzline of The Athletic lists Ivan Provorov as a potential trade chip for the Columbus Blue Jackets this summer as newly hired general manager Don Waddell tries to improve the struggling team. The 27-year-old Provorov has one season left on his contract with a cap hit of $4.75MM ($2MM retained by Los Angeles) and should receive interest if Columbus decides to move him. Portzline says he would be surprised if Provorov spends the year with the Blue Jackets, given his contractual status and the fact that the Blue Jackets have defenseman Denton Mateychuk turning pro. Mateychuk could be ready to tackle the top four minutes very shortly which could facilitate Provorov’s trade, however, it is important to note that Waddell has a history of being patient with young players and might opt to keep Mateychuk in the AHL for extra seasoning.

Alexis Lafrenière Not Likely To Negotiate Extension This Summer

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Vincent Z. Mercogliano of USA Today writes that he doesn’t expect the New York Rangers and young forward Alexis Lafrenière will engage in contract extension talks this summer when the 22-year-old becomes eligible. Lafrenière is entering the second and final year of an extension that will pay him just $2.325MM next season and is reportedly content with playing out the deal and negotiating an extension next summer when he will have arbitration rights. The Rangers are facing a major cap crunch this summer and could be in more trouble next July when a potential Igor Shesterkin extension will kick in.

A former first-overall pick in 2020, Lafrenière looked like a potential bust early in his career, producing modest offensive success in New York. However, his offensive production has improved in each season of his career, producing career highs last year in goals (28), assists (29), points (57), and games (82) played.

It’s unclear if the Rangers want to lock up Lafrenière long-term but it would make sense if they did, given that another improvement in his offensive production will surely push the AAV on his next contract up dramatically. Lafrenière is not just an offensive player but is willing to get involved physically and has no issues with getting to the high-danger areas and being difficult to play against.

If he takes another big step next season, there is no way to tell what a long-term extension could look like for St-Eustache, Quebec native, or what kind of salary cap gymnastics the Rangers would need to play to fit him under the salary cap.

Free Agent Focus: Dallas Stars

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Free agency is now just a month away and teams are looking ahead to when it opens.  There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well.  We continue our look around the NHL with an overview of the free agent situation for the Stars.

Key Restricted Free Agents

D Thomas Harley – Harley broke out in a big way last season, and it couldn’t have come at a better time for the 22-year-old as he could be in line for a big payday this summer. Harley had played just 40 NHL games before last season, but dressed in 79 games last year averaging over 21 minutes a game and posting 15 goals and 32 assists. The Syracuse, New York native is mobile for his size and keeps things simple with the puck but does have an offensive pulse. He has played mostly even-strength minutes in Dallas, and likely has more to offer on special teams should he be given an opportunity. Harley could be in line for a long-term extension with an AAV in the range of $5.5MM to $6MM, however, given the Stars’ cap crunch, he might need to settle for a bridge deal.

D Nils Lundkvist – Lundkvist is another two-way defenseman on the Stars’ backend and like many of the others he is mobile and plays a simple offensive game. Lundkvist won’t light up the scoresheet but his a good in the offensive zone keeping plays alive and getting pucks to the net. He is also a solid passer and plays a relatively safe style, taking care of his duties with and without the puck. Depending on the status of Tanev, Lundkvist could see a promotion next season and will likely receive a bridge deal this summer given the Stars’ cap crunch.

F Sam Steel – Steel was expected to be an offensive player in the NHL when he was drafted in the first round back in 2016. However, he’s never been able to find much scoring success, topping out at 28 points in 65 games last season. He’s bounced around to three organizations in the past few seasons but is still just 26 years old and has carved out an NHL role as a bottom-six forward who can provide energy and plays a fast game. Steel signed last summer for one year and $850K, however, this summer he should be able to find a multi-year deal and double his salary.

Other RFAs:  F Oskar Back, G Matt Murray

Key Unrestricted Free Agents

F Matt Duchene – Duchene bounced back to form in 2023-24 and delivered everything that Dallas was hoping for when they signed him to a one-year $3MM deal last summer. Duchene can still skate, and remains a threat on the power play, off the rush and in tight areas. He posted 25 goals and 40 assists in 80 games last year and has expressed an interest in returning to the Stars. The interest is mutual according to reports and it seems very likely that both sides can reach a multi-year deal in the range of $4MM – $5MM per season.

D Jani Hakanpää – Hakanpää had the unfortunate luck of having a career-worst season as he approached unrestricted free agency. The 32-year-old Finnish defenseman has been a solid contributor on the Stars’ blueline since the 2021-22 season but dressed in just 64 games in the regular season and wasn’t available in the playoffs due to injury. When he was healthy, he remained a solid third-pair defenseman and an excellent penalty killer as his big body can disrupt passing and block shots. Hakanpää isn’t a great skater and isn’t particularly good with the puck, but for a team looking for a safe, stay-at-home defenseman, he could be a good option.

D Chris Tanev – Tanev fit in seamlessly with the Stars after he came over to the team on February 28. He played predominantly at even strength and on the penalty kill and remained one of the best shot blockers in the NHL. Tanev can still skate and remains a good option to take on the other team’s best players, he leads by example and isn’t afraid to get physical. Any team that signs Tanev to a multi-year deal may have to contend with the backend of his contract becoming an albatross as players that play the same style as Tanev typically don’t age that well. That being said, Tanev will still fetch a few years on his next deal, likely north of $3MM per season.

Other UFAs: D Gavin Bayreuther, F Nicholas Caamano, C Fredrik Karlstrom, RW Joe Pavelski, D Alex Petrovic, D Derrick Pouliot, C Scott Reedy, D Jerad Rosburg, RW Craig Smith, G Scott Wedgewood

Projected Cap Space

Dallas has been a great team for a long time, but this summer might be the one in which they take a step back. The Stars have just over $16MM available under the salary cap and will have multiple holes to fill. If they are to sign a few of their pending free agents, that will leave them with very little space to plug holes in the lineup. However, the Stars are fortunate to have players like Mavrik Bourque in the AHL who are ready to step into an NHL lineup. This summer will be crucial for Stars general manager Jim Nill to maximize the window in which Dallas can continue to be a Stanley Cup contender.

Photos courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

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