Carolina Hurricanes Extend Jordan Staal
06/25/23: The Hurricanes have now officially announced Staal’s extension, confirming the contract’s reported four-year term and $2.9MM average annual value. Hurricanes GM Don Waddell issued the following statement regarding the signing:
Jordan embodies what it means be a Hurricane. His leadership has been an integral part of our success, and the impact he has made on our organization cannot be overstated. We could not be more excited to sign him for four more years.
An aspect worth noting about this deal is its structure. Per PuckPedia, the extension will see Staal owed just a $775k base salary in the final year of the deal. While that number will likely be revised to the new minimum salary under the next collective bargaining agreement, it’s still quite a bit lower than what Staal has earned on a yearly basis throughout his career.
That structure and the four-year term of the deal have led some to speculate that the Hurricanes don’t plan on Staal playing out the full length of the contract, with the forward potentially ending his career before that lower-salary final year kicks in.
Since Staal won’t turn 35 until September, this extension won’t count as a 35+ contract against the cap, making that sort of speculation a bit more plausible.
06/24/23: Carolina Hurricanes fans can take a breath tonight, as they’re getting a key piece of business out of the way before the busiest week of the offseason. The team and captain Jordan Staal are nearing a contract extension, Sportsnet’s Elliotte Friedman reports Saturday night.
The average annual value of the deal, expected to be four years, will be in the $3MM range, NorthStar Bets’ Chris Johnston says. CapFriendly adds the extension carries a full no-movement clause.
Staal’s extension is far from a surprise. Carolina may have a lot of choices to make when it comes to their depth forwards this offseason, but their captain was an obvious one to bring back with nearly $25MM in cap space this offseason (CapFriendly). He may be turning 35 before next season starts, but Staal was beyond elite in a shutdown role in 2022-23 while adding 17 goals and 34 points in 81 regular-season games.
That being said, it’s quite a commitment for a player set to be 38 when the deal expires. The good news is he doesn’t appear to be in any sort of steady decline, providing a consistent amount of offense over the past five years apart from a 2020-21 spike that saw him record 38 points in just 53 games.
He’ll play a key role on a team looking to load up on forwards this offseason and contend for a Stanley Cup yet again in 2023-24. Staal’s two-way dominance will be a huge advantage lower in the lineup – the three-man unit of Staal, Jordan Martinook and Jesper Fast controlled 70 percent of expected goals (MoneyPuck) when deployed together, a team-high number.
Assuming he finishes out this contract, Staal will become one of the longest-tenured players in franchise history with a 15-year stint. Since being acquired from the Pittsburgh Penguins in 2012, Staal has played 742 games in a Carolina jersey, currently sitting fourth among Hurricanes/Whalers skaters.
Hurricanes, Flyers Working On A Tony DeAngelo Trade
A busy day for trades has gotten even busier, as Elliotte Friedman of Sportsnet reports that the Carolina Hurricanes and Philadelphia Flyers are closing in on a deal that would send Anthony DeAngelo back to Carolina. DeAngelo most recently played for the Hurricanes back during the 2021-22 season before he found his way to Philadelphia.
Already carrying an imposing top-four, the Hurricanes appear to be well on their way to making their defensive unit even better. Although he can be a bit of a liability on the defensive side of the puck, DeAngelo has been one of the better blue-line scorers over the past couple of seasons. He has already shown the ability to score 10+ goals a year, and his ability to move the puck is by far his best asset.
Much like the deal that will be sending Kevin Hayes to the St. Louis Blues, it appears that the deal for DeAngelo may take some time as well. The Flyers should be expected to take back some salary in the trade, or another team may be involved. It was only one season ago that the Hurricanes decided that DeAngelo’s asking price was too rich for their blood, and shipped him off to Philadelphia. If the Flyers are willing to price down DeAngelo’s contract more to Carolina’s liking, this would seem like an ideal fit for both the team and the player.
Although the trade for DeAngelo ultimately makes Carolina a better team on paper, it does complicate their cap situation for next season. Already needing to sign Brett Pesce, Brady Skjei, and Jalen Chatfield, DeAngelo also becomes an unrestricted free agent after next season, joining that list. If DeAngelo and Skjei are more inclined to sign team-friendly contracts to stay in Carolina, this deal may make the burden of trading Pesce this offseason much lighter for the Hurricanes.
As far as the Flyers’ return goes, not much is known at this point. Charlie O’Connor of The Athletic reports that a trade is indeed in the works between the two teams, but the Flyers will not be receiving much in return. Last offseason, Philadelphia acquired DeAngelo from Carolina for a package including a second-round pick in 2024, a conditional third-round pick in 2023 (which would become the Flyers’ third-round pick), and a fourth-round pick in 2022. Pierre LeBrun of The Athletic notes that the Flyers would likely only get a prospect from Carolina, although that prospect is currently unknown up to this point.
In any case, it is another example of two teams headed in two separate directions. After the news from today, with both Hayes and DeAngelo, the Flyers are committed to clearing house, and the Hurricanes are looking to bulk up for a postseason run in 2024.
Market Value For Brett Pesce's Next Contract Could Check In Around $6.5MM
Hurricanes defenseman Brett Pesce is one to keep an eye on this summer. With his recent change and contracts to comparable players given out recently, Cory Lavalette speculates in his latest piece for The Athletic (subscription link) that Pesce could be pushing for a max-term contract around a $6.5MM AAV. Carolina has ample cap room for 2024-25 but also needs to re-sign blueliner Brady Skjei, centers Sebastian Aho and Martin Necas (RFA), and winger Teuvo Teravainen. Doing all of that will be difficult and it wouldn’t be shocking if at least one has to go. Accordingly, if the Hurricanes could work an extension out with Skjei quickly and find Pesce’s price point too high for their liking, he could become a trade candidate in the coming weeks. In a free agent market that doesn’t exactly have a lot of impact right-shot defenders out there, many teams will be watching this situation closely.
Offseason Checklist: Carolina Hurricanes
The offseason is now fully underway after Vegas took home the Stanley Cup which means that it’s time to examine what each team will need to accomplish over the coming months. Next up is a look at Carolina.
No one would have faulted the Carolina Hurricanes for a second-round exit after losing Andrei Svechnikov, Max Pacioretty, and Teuvo Teravainen to injuries. Instead, some miracle performances from depth players vaulted them into the Eastern Conference Final – before promptly getting swept by the Florida Panthers. While they were up against a Vezina-caliber netminder in Sergei Bobrovsky playing some of the best hockey in his life, the Hurricanes still scored just six goals in four Conference Final games, igniting an all-too-familiar refrain among their recent playoff exits. General manager Don Waddell enters the offseason with a crystal-clear priority: improve the team’s scoring ability. They have the cap space to do so.
Sign A Second-Line Center
Let’s make one thing clear – this is not a knock on Jesperi Kotkaniemi.
He produced the way a player getting paid his $4.82MM cap hit should. The 22-year-old Finn still has some room to grow and notched a career-high 18 goals and 43 points while putting together some solid defensive hockey. He looked overmatched at times during the postseason, though, and perhaps he’s best slotted in the Hurricanes lineup as a high-end third-line center, allowing them to bump competent veteran Jordan Staal down to fourth-line minutes. With a solid top-four wing core of Svechinkov, Teravainen, Martin Necas, and Seth Jarvis, the most glaring hole in terms of offense on the team’s top two lines is at center.
There are a handful of solid options in free agency that provide a bit more offensive ceiling, especially if they’re playing with Necas. Carolina has $24MM in cap space this offseason, per CapFriendly, a number that should be around $15-18MM after figuring out their goalie situation (more on that later). Throw in another $10MM to replace (or re-sign) players like Staal and Jesper Fast, and the team should be able to throw around at least $5MM per season to a second-line center.
Could Ryan O’Reilly provide a veteran presence and added offensive punch with a speedy Necas? What about the minute-munching J.T. Compher if he doesn’t reach an extension with the Colorado Avalanche? Max Domi could be a solid option, too, although he’s less of a sure thing given his offensive inconsistencies throughout his career.
Trade Or Extend Pesce
The Hurricanes have a pair of key unrestricted free agents up in front in 2024 in Teravainen and Sebastian Aho, but there’s not much concern about the team’s ability to get them locked into extensions. On defense, though, their second pairing of Brady Skjei and Brett Pesce are both destined for UFA status a year from now, and rumors have been churning about Carolina’s ability to get Pesce locked down to a long-term deal.
If they get through the next few weeks without much confidence in getting Pesce extended, he’ll likely be moved. There’s been a fair bit of trade chatter already, but with former teammate Noah Hanifin likely also on the trade block, Pesce’s value will likely only rise as teams look for an elite right-shot shutdown defender on the open market. The 28-year-old averaged 22 minutes a game this season against tough competition and still managed to produce well on the scoresheet, too, recording 30 points in all 82 games.
He would net Carolina a first-round pick at minimum, adding to a prospect pool that’s already much stronger than it should be, thanks to a large amount of high-value picks in recent years from Waddell. Trading him would also free up some more cap space to add on offense while still permitting them to sign a decent replacement for Pesce on the open market.
That’s not to say Carolina shouldn’t make any effort to get a deal done here – he’s a spectacular player who’s been a large part of their success in recent seasons. If there just isn’t anything to be had there, though, it’s not the end of the world.
Re-Sign Netminders
Collectively, Frederik Andersen and Antti Raanta didn’t have the best regular seasons. Andersen’s save percentage dipped to .903 after recording a .922 mark in 2021-22, while Raanta’s decline was much less exaggerated (.912 in 2021-22, .910 in 2022-23).
Andersen put all that behind him in the playoffs, though, recording a .927 save percentage in nine starts, outmatched only by Bobrovsky in the Eastern Conference. The 33-year-old should be a top priority for the Hurricanes to be back, even with young Pyotr Kochetkov waiting in the wings and vying for a full-time NHL spot.
Both he and Raanta are quite injury-prone, and it’s something that’s handcuffed the team at times. Luckily for them, Kochetkov has come in handy – and it’s why the three-goalie model should be used for another season. Re-signing both Andersen and Raanta gives Carolina perhaps the best goaltending safety net in the league, ensuring they’ll have a quality option with NHL experience ready to go, especially if both Andersen and Raanta are unavailable at times heading into the postseason.
Getting the two netminders locked up to short-term deals shouldn’t cost more than a total of around $8MM, something the Hurricanes can easily accommodate with their current cap structure.
Depth Decisions
The Hurricanes have many expiring contracts at the bottom of their lineup – namely Fast and Staal, who both played key roles for the team down the stretch and in the playoffs. Derek Stepan, Mackenzie MacEachern, and Paul Stastny all saw ice too, and Carolina will need to decide which veterans to re-sign and which to cut ties with.
Getting some younger blood in the lineup via free agency in exchange for Stepan and Stastny is likely a wise choice, but Fast and Staal have proven themselves invaluable in depth roles. Without a cap crunch to deal with, the team can (and should) get them signed to mid-length deals, although maybe just two or three years for the 34-year-old Staal.
There’s also the matter of whether or not to qualify Jesse Puljujarvi, their only restricted free agent forward at the NHL level. The 25-year-old can, unfortunately, be declared a bust at this point, registering just three points in 24 combined regular-season and playoff games after a trade from the Edmonton Oilers. He’s due a qualifying offer of $3MM, well above his market value, considering his production last season. Cutting ties is the likely route here.
Photo courtesy of USA Today Sports Images.
Latest On Hurricanes Negotiations With Jordan Staal
- It has long been expected that Carolina Hurricanes captain Jordan Staal‘s pending unrestricted free agency was more of a formality than anything else, and that the 34-year-old center would end up re-signing with the franchise he’s been with since the 2012 offseason. But according to TSN’s Darren Dreger on Insider Trading, that may no longer be the case. Dreger reports that Staal’s camp “has supplied” the Hurricanes “with a number of options” on a new deal but that their negotiations are “at an impasse,” and that owner Tom Dundon will need “to move from his position” in order to re-sign his captain. Dreger adds that if that doesn’t happen, we “absolutely could see” Staal “as a free agent on July 1st.” That would be a decently shocking outcome for Staal and the Hurricanes, though it now seems like a once-remote possibility Hurricanes fans may need to begin preparing for.
Notre Dame Hires Brock Sheahan As Associate Head Coach
- NHL coaching hopeful Brock Sheahan will have to wait a little longer for his first role on an NHL bench, as he’s rejoined the University of Notre Dame in an associate head coaching role. Sheahan, 39, rose to prominence behind the bench of the USHL’s Chicago Steel, guiding them to a Clark Cup in 2021 and coaching many high-end NHL prospects, including 2023 draft-eligible center Adam Fantilli, Calgary Flames winger Matthew Coronato, Montreal Canadiens center Sean Farrell, and Florida Panthers winger Mackie Samoskevich. He joined the Carolina Hurricanes in 2022-23, taking over as head coach of their AHL affiliate, the Chicago Wolves. With the Wolves deciding to operate independently of an NHL organization next season, Sheahan found himself on the open market after just one year there. He returns to Notre Dame, where he played four seasons from 2004 to 2008 and spent the 2013-14 campaign as an assistant coach.
Goalie Notes: Andersen/Raanta, Jarry, Korpisalo
The Carolina Hurricanes will have a big decision to make this offseason when it comes to their crease. It seemed like a forgone conclusion that one of Frederik Andersen or Antti Raanta would be allowed to walk in free agency as the Hurricanes already have netminder Pyotr Kochetkov locked up for a very reasonable $2MM per season. But according to Pierre LeBrun of The Athletic the Hurricanes appear to be in negotiations with both Andersen and Raanta. While it seems unusual for a team that normally has an internal budget to stash a $2MM player in the minors, Kochetkov is still waiver exempt for one more season meaning Carolina could roll back the trio for one more year. That might be the prudent thing to do given that the club needed all three goalies this past year to navigate the various injuries that they dealt with throughout the campaign. Andersen was just okay in the regular season but was terrific in the playoffs, while Raanta had a good regular season but had his fair share of struggles in the postseason.
In other goalie notes:
- LeBrun writes that Pittsburgh Penguins new boss Kyle Dubas has yet to approach the Tristan Jarry situation in any meaningful way and that things still appear to be status quo. Dubas has historically been reluctant to commit major dollars or term to goaltenders and given the injury history and inconsistency in Jarry’s game, it seems unlikely he would commit either to the 28-year-old. Jarry is likely looking for a long-term deal and a return to Pittsburgh seems unlikely unless the bottom falls out of the market, and he decides Pittsburgh is a good soft landing for him. Jarry went 24-13-7 this past season as he and the Penguins missed the playoffs for the first time in 16 seasons. The Surrey, British Columbia native posted a .909 save percentage for the second time in the past three seasons and has yet to demonstrate that he can win in the playoffs.
- LeBrun writes that netminder Joonas Korpisalo and the Los Angeles Kings have had some initial conversations on a contract extension but given how close the Kings are to the cap they may have a tough time fitting in a big cap number on a goaltender. It appears Joonas Korpisalo will hit the open market and he could be an intriguing name for teams looking to make a move in the crease. While he was terrific this past season, Korpisalo has posted a goals saved above expected number higher than -7 every season from 2017-18 through 2021-22 and a save percentage above .915 just once. Given his track record he may be best suited in a 1A/1B tandem situation similar to the Carolina Hurricanes structure with Andersen and Raanta.
Latest On Brett Pesce
- Like DeBrincat, Carolina Hurricanes defenseman Brett Pesce has the chance to become an unrestricted free agent next summer. On Insider Trading, LeBrun reported that while contract talks on an extension are continuing between Pesce and Carolina, the Hurricanes are “pretty resolute” that they’ll be trading him this summer if they can’t secure his signature on a new deal. LeBrun also adds that the Buffalo Sabres have already inquired about the possibility of trading for Pesce, potentially to be Owen Power‘s long-term partner. It’s likely that the widely-respected 28-year-old blueliner would garner significant trade interest if put on the market. He just finished a year where he made a major impact on both ends of the ice, setting a career-high of 30 points while also serving as a leading penalty killer for a Carolina shorthanded unit that consistently ranks among the best in the NHL.
Snapshots: Pesce, Third Overall Pick, Florida Everblades
The Carolina Hurricanes have been one of the NHL’s most consistently competitive franchises in recent years and a major reason for their success has been the fact that they’ve thus far avoided giving out the types of inefficient, expensive contracts that eat up too much salary cap space and have sunk other team’s competitive hopes. A byproduct of that tendency to stick to their own valuations of players and not let the market dictate their plans has been that they’ve seen some talented players leave, players other clubs might have found a way to retain. Players such as Dougie Hamilton and Vincent Trocheck are examples of this, and perhaps the next player to be added to that list could be defenseman Brett Pesce.
Per a report from The Athletic, “If Pesce’s demands aren’t realistic to what Carolina had in mind” for his next contract, the Hurricanes “may very well trade him this summer.” (subscription link) Pesce, 28, will see his $4.025MM AAV contract expire next summer and could be looking to secure a significant raise after seeing himself go underpaid due to that contract relative to the immense on-ice value he’s provided. Pesce set a new career high in points this past season and is widely respected as a top-of-the-line defenseman in his own end. He’d likely fetch a significant return if traded, so it seems the Hurricanes may consider trading Pesce this summer in order to recoup some value rather than risk retaining him through the expiry of his contract next summer, only to see him leave for another team with Carolina receiving no compensation in return.
Some other notes from across the NHL:
- With the Blue Jackets aggressively pursuing upgrades to their roster that will help them win in the short-term, many have wondered if the Blue Jackets would consider trading the third overall pick in this year’s draft in order to get a quality, established player. Blue Jackets GM Jarmo Kekalainen spoke on the prospect of trading the pick, according to the Columbus Dispatch’s Brian Hedger. Kekalainen said it would take “an awful lot” in order to convince the team to trade that pick, and although they’ve received trade calls nothing yet has come close to being enough for the team to consider making that deal. The Blue Jackets have long sought after a true first-line center to build their forward corps around, and with promising pivots such as Leo Carlsson and Will Smith expected to be available for Columbus to draft, it seems Kekalainen would need to be truly wowed by an offer in order to move the third pick.
- The ECHL’s Florida Everblades secured their second consecutive Kelly Cup championship last night, sweeping the league’s finals against the Idaho Steelheads, a team that went on a historic run during the regular season. The Steelheads went 58-11-3 and stormed to the Kelly Cup finals but couldn’t find an answer to former University of North Dakota netminder Cam Johnson and the Everblades. Former Merrimack College captain Tyler Irvine scored the championship-clinching goal midway through the third period of the contest, leading the Everblades to the third title in their franchise history.
Hurricanes Engaged In Contract Talks With Andersen, Raanta
- With plenty of serviceable goaltenders set to hit the open market this summer, David Pagnotta of The Fourth Period reports that the Carolina Hurricanes are seeking to have their situation figured out sooner rather than later. Pagnotta did not hint to the point of anything being close, but simply that the Hurricanes are engaged in extension talks with both Frederik Andersen and Antti Raanta. Realistically, Carolina will only keep around one of these netminders, likely having to determine the value proposition the team would receive from each based on their desired salary values. Having already signed Pyotr Kochetkov to a contract extension, the Hurricanes would likely be more than fine moving forward with only retaining one of these netminders.
- Continuing on with the Hurricanes, David Pagnotta also reports that defenseman, Brett Pesce, has switched over his agent representation, joining Judd Moldaver of EVP Wasserman Hockey. Next season, Pesce will be entering the final year of a six-year, $24.15MM contract extension signed back in 2017. Over the last several seasons, Pesce’s contract has become one of the more team-friendly contracts in the NHL, and he and his agent will surely be looking for a significant raise next summer.
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