The Carolina Hurricanes aren’t going anywhere – they’ve signed a 20-year lease extension agreement with the Centennial Authority and Gale Force Sports and Entertainment, according to a team release, keeping them at PNC Arena through the 2043-44 season. As part of the agreement, PNC Arena is poised for a substantial facelift, with plans to create a sports and entertainment district encircling the arena, which is rather secluded from downtown Raleigh as things stand. “This development will transform PNC Arena into a year-round destination for residents while also improving the event day experience for Hurricanes fans, NC State fans, and concertgoers alike,” said Hurricanes majority owner Tom Dundon.
Hurricanes Rumors
Andrei Svechnikov On Schedule In Recovery From ACL Surgery
- In a recent appearance on the NHL Network (video link), Hurricanes GM Don Waddell indicated that winger Andrei Svechnikov is on schedule if not slightly ahead as he works his way back from ACL surgery. The 23-year-old had surgery back in mid-March, a procedure that typically carries a recovery time of six-to-seven months. Despite the positive news, Waddell stopped short of confirming that Svechnikov will be available on opening night but if that’s not the case, he shouldn’t be out much longer which will give Carolina a big boost after missing one of their top wingers down the stretch and in the playoffs.
Carolina Hurricanes Sign Caleb Jones
5:44 pm: The Hurricanes have made the deal official via team release. General manager Don Waddell said Jones’ “NHL experience will help boost our depth on defense.”
3:39 pm: Luke Fox of Sportsnet is reporting that the Carolina Hurricanes and defenseman Caleb Jones are in agreement on a contract for the 2023-24 NHL season. Shortly after that, PuckPedia says that the deal will be a one-year, $775K contract.
Right off the bat, it is fair to start wondering exactly how much depth the Hurricanes need on their blue line. Already carrying eight NHL-ready defensemen on their active roster, Jones joins the list as a defenseman that should receive minutes next season.
Playing on a below-average Chicago Blackhawks team last season, Jones averaged just over 19 minutes of ice time per night, sitting fourth among defensemen in that category. Only scoring 16 points in 73 games, Jones was much more respected for his play on the defensive side of the puck rather than any offensive contributions.
Much unlike his last four seasons in the NHL prior to last year, Jones also racked up 118 blocked shots and threw 116 hits, by far the most he’s ever achieved in either category up to this point. In Chicago, Jones also spent time on both the powerplay and penalty kill units, not something that should be expected of him in Carolina.
Even though Jones is a serviceable defensive option for most teams around the NHL, he is going to need to compete heavily in the Hurricanes training camp to be an everyday player. Unlike Chicago, Carolina is considered to be one of the heavy favorites to win the Stanley Cup next season.
Flyers, Hurricanes Complete Prospect Swap
The Philadelphia Flyers have acquired center prospect Massimo Rizzo along with a 2025 fifth-round pick from the Carolina Hurricanes, according to a team release. In return, they’ve sent the rights to forward David Kase to Carolina.
Kase is an unusual type of player to see traded, given his contract status. The 26-year-old brother of former Hurricanes forward Ondrej Kase has spent the last two seasons in the Czech Extraliga with HC Sparta Praha, not signed to an NHL contract, but remained on the Flyers’ reserve list after they issued him a qualifying offer in 2021. He got into seven NHL games with the Flyers after they selected him in the fifth round of the 2015 NHL Draft, recording one goal.
The versatile forward has logged heavy minutes in Prague the past two seasons but hasn’t had spectacular production, notching just ten goals in 68 games since returning to his home country in 2021. Kase signed a three-year agreement with Extraliga club HC Litvinov this offseason, meaning his inclusion in this trade is likely a throw-in to balance out each team’s reserve list numbers.
Rizzo comes to the Flyers after reportedly being part of the rumored Anthony DeAngelo trade between the two clubs that fell through earlier this summer. Essentially, this transaction completes the move that the NHL blocked due to cap circumvention – the Flyers later bought out DeAngelo, and Carolina signed him to a one-year, $1.675MM pact days later. This series of moves allowed the Hurricanes to acquire DeAngelo at a lower cap hit, as the maximum salary retention the Flyers could have offered via trade would’ve brought DeAngelo’s cap hit down to only $2.5MM. Thus, Carolina parted with Rizzo and a fifth-round pick to save $825K in cap space.
The 22-year-old member of Carolina’s 2019 draft class shouldn’t be overlooked as a prospect. While he may not have ideal size at 5-foot-11 and 174 pounds, he’s had a strong collegiate career and looks to be exceeding the value expected of him as a seventh-round pick. He just completed his second season with the University of Denver, leading the team with 29 assists and 46 points in 38 games. In 2021-22, he recorded 36 points in 39 games as a freshman to help lead Denver to the national championship.
Rizzo is not yet signed to an entry-level contract and will return to Denver next season if the Flyers don’t sign him now. If/when they did reach an entry-level agreement with Rizzo, he is eligible for assignment to the AHL’s Lehigh Valley Phantoms.
Assessing The Defenseman Trade Market Post-Karlsson Trade
It had been almost a month since a higher-profile player in the NHL had been traded, and most would argue that it was the domino that needed to fall to open up the trade market for defensemen. This summer, we have seen names such as Pierre-Luc Dubois, Alex DeBrincat, and Taylor Hall all moved in trades, but a big-name trade had not been made for a defenseman since the Columbus Blue Jackets acquired Damon Severson on June 9th.
For the most part, there are two defensemen that may have seen their market open up due to the Erik Karlsson trade, and that would include Brett Pesce of the Carolina Hurricanes and Noah Hanifin of the Calgary Flames. Both players’ trade availability is surrounded by different circumstances, and both of their current teams have much different outlooks for next season.
Starting with Pesce, back in June, Pierre LeBrun of The Athletic reported that the Hurricanes were intent on moving Pesce this summer if they were unable to come to a contract resolution past this season. About a week later, Cory Lavalette of The Athletic noted that Pesce would likely be seeking a contract in the eight-year, $52MM ($6.5MM AAV) range, something that Carolina could easily afford, but with Teuvo Teravainen, Martin Necas, and Brady Skjei, among others, also needing contracts past the 2023-24 season, may not be in the team’s best interest.
Although it would be a prudent move both financially and for the future success of the club to move on from Pesce, questions should arise as to if it is in the best interest of the current Hurricanes team in accordance with their goals for the 2023-24 season. Carolina is one of the most well-set-up teams to make the Stanley Cup Final next season, and their defensive depth is one of the main reasons for that. For most of the foreseeable contenders in the NHL, teams could do a lot worse than having Anthony DeAngelo as their sixth-best defenseman on the roster.
One of the best comparables to Pesce’s situation might come from a division rival in Severson. Severson had spent a total of nine seasons in New Jersey, and even though he was heading towards unrestricted free agency, the Devils held on to Severson as he gave them a much better chance to win. This summer, the Devils executed a sign-and-trade, inking Severson to an extension and receiving a third-round pick for his services from the Blue Jackets. This may not be the haul that Carolina would be hoping for, but it’s undeniable that Pesce gives them a better chance to win for 2023-24, and may have to seek a sign-and-trade next summer.
Unlike Pesce, Hanifin has already been vocal about his unwillingness to sign an extension in Calgary and would like a change of scenery heading into next year. A solid defenseman on both the powerplay and penalty kill, Hanifin should likely have a decent market as a two-way defenseman. Currently making just a tad under $5MM this season, it’s going to be difficult for a lot of contending teams to absorb that contract even for a short time.
Just to theorize, there is one team that has their eyes on contending next year and could certainly use an upgrade on the left side of their defense. The Buffalo Sabres have already improved their defensive core with the additions of Connor Clifton and Erik Johnson this summer, but an acquisition of Hanifin may put them over the top to get back into the playoffs. The main drawbacks from Buffalo’s perspective in acquiring Hanifin are the current glut of defensemen already on their roster, and the pressing extensions of Rasmus Dahlin and Owen Power.
With Calgary already having a murky future on their blue line, the Sabres could certainly move back a defenseman or two with team control, and with it all but known that Hanifin wants out, the price may not be too high for his services. If they are able to acquire Hanifin and extend him, Buffalo could be well served in having Dahlin, Power, Hanifin, and Mattias Samuelsson in their top four for the foreseeable future.
All-in-all, we are getting to the point in the summer where the most likely scenario is both Pesce and Hanifin will start the season with their current clubs, but there are some signs indicating changes will be coming soon. All we know for certain, the trade for Karlsson has helped set the market, as well as open it up for any future moves.
Vladimir Tarasenko Had Offers From Hurricanes, Sharks
2:40 p.m.: Strickland has modified his initial report, now claiming the Hurricanes’ highest offer to Tarasenko was under $4MM on a one-year deal. The Athletic’s Jeremy Rutherford also reported late last night that the Florida Panthers had submitted an offer for Tarasenko, which Strickland mentioned likely wasn’t a “competitive offer.”
1:50 p.m.: While star sniper Vladimir Tarasenko did find a home in free agency, it was far from a smooth process. Before signing a one-year, $5MM contract with the Ottawa Senators Thursday night, the 2019 Stanley Cup champion changed his representation early in July after not landing a deal when the UFA market opened on July 1. Shortly before that, multiple reports suggested Tarasenko was close to reaching a pact with the Carolina Hurricanes. Evidently, it didn’t come to fruition.
Despite his goal-scoring pedigree, the lack of widespread interest in Tarasenko made sense. He’s still incredibly skilled, but his ability to drive play is diminishing as he enters his 30s. He’s also had two major shoulder injuries in the past four years. His goal-scoring production also trailed off significantly last season, failing to score 20 goals in a full season for the first time in his career. It appears the Hurricanes, Sens, and San Jose Sharks all made firm contract offers to Tarasenko during his free agency period, though, as Andy Strickland of Bally Sports Midwest reports today.
The Hurricanes and Sharks both made one-year pitches to Tarasenko at $5.25MM and $6MM respectively, Strickland said. Ottawa had also pitched a longer-term offer to Tarasenko at the beginning of free agency, coming in at four years and $22MM (a $5.5MM average annual value). With over $60MM in estimated career earnings to date, per CapFriendly, it’s understandable why Tarasenko would hesitate to commit long-term to a team that’s failed to exit their rebuild stage in earnest.
However, it appears Tarasenko also lost money on a short-term agreement by waiting to sign with the Sens. He’s at a stage in his career where winning is the highest priority, so the basement-dwelling Sharks were likely never in consideration unless they made a truly extravagant offer. He did lose out on $250K by not signing with the Canes, though, a mistake likely caused by waiting out for a better deal. It’s fair to assume Carolina’s offer to Tarasenko was made before they signed defenseman Anthony DeAngelo to a one-year, $1.675MM contract, using up most of their remaining cap space in the process.
In not signing with Carolina, Tarasenko arguably lost out on the best marriage of finances and team competitiveness. There are still many moving parts, including trade rumors surrounding their pending UFA defenseman Brett Pesce and San Jose Sharks star defender Erik Karlsson. Still, the team remains among the favorites to hoist the Stanley Cup in 2024, thanks to a strong returning core and a pair of major UFA pickups in Dmitry Orlov and Michael Bunting.
That’s not to say Ottawa is a bad final fit for the Russian winger. The team does still have playoff aspirations for next season, and a strong rebound campaign from Tarasenko could certainly help lift them to their first postseason appearance since 2017. Even if the injury bug strikes the Sens again or they fall out of playoff contention, a strong individual campaign from Tarasenko alongside a star-studded top-six that includes Brady Tkachuk, Tim Stützle, Joshua Norris, and Claude Giroux could earn him a more lucrative contract next offseason on a contending team. It’s an option made more palatable for Tarasenko by a relatively sharp expected rise in the salary cap’s Upper Limit compared to recent seasons.
Hurricanes “Not Close” On Extension Talks With Pending UFAs
Today was a ceremonious day for the Carolina Hurricanes organization, locking in franchise center Sebastian Aho to the richest deal in franchise history. Don’t expect groundbreaking extensions for any other Hurricane hitting the open market in 2024, though. General manager Don Waddell told reporters, including the North State Journal’s Cory Lavalette today, that the team “isn’t close” on extensions with any of their other pending UFAs.
This rather consequential list includes, first and foremost, long-rumored trade target defenseman Brett Pesce. It’s long been believed that Carolina would trade Pesce sooner rather than later if an extension wasn’t in the cards, and Waddell confirmed that that was the case today. It’s fair to wonder whether his quote today increases Pesce trade speculation in the coming days, especially since little is known about the list of teams who’ve called the ’Canes about Pesce’s services.
Moving out Pesce with haste would free up more space for the Hurricanes to pursue Erik Karlsson, who they’ve also been connected to on the trade market for many weeks. Bringing in Anthony DeAngelo for his second stint in a Carolina jersey also seems like a targeted backup plan if Carolina trades Pesce but fails to nab Karlsson, the 2023 Norris Trophy winner, in a trade from the San Jose Sharks.
Pesce isn’t the only notable Hurricane headed for unrestricted free agency next summer, however. On offense, Teuvo Teravainen and his five-year, $27MM deal signed in 2019 are set to expire. While he had arguably his worst season in a Hurricanes jersey last year, registering just 12 goals and 37 points in 68 games, he’s been one of Carolina’s top scorers for the better part of the previous half-decade. That being said, he’s also destined for a reduced role next season, with the addition of Michael Bunting in the team’s top six and Seth Jarvis likely to surpass him on the team’s depth chart. It makes sense why the Hurricanes wouldn’t want to pay Teravainen what he believes he’s worth, especially at this stage without any clear evidence of a permanent decline. It wouldn’t be surprising to see him hit the UFA market for the first time next July.
There’s also the matter of fan-favorite depth forward Jordan Martinook, a vital locker-room fixture with the team who’s had a tumultuous season in Raleigh. Placed on waivers (and cleared) before the season started to create some salary cap flexibility, Martinook would go on to play a pivotal depth role for Carolina in 2022-23. His 21 assists and 34 points in 82 games were both career highs, and he notched a remarkable 12 points in 15 playoff games as the Hurricanes marched on to the Eastern Conference Final yet again. Entering the final season of a three-year, $5.4MM contract signed in 2021, Martinook’s stock is at an all-time high. If there is an extension to be had here, don’t expect it to come before the New Year.
Finally, at least among the significant roster pieces headed for free agency next year, Pesce’s defense partner remains without a contract past 2024. Brady Skjei is now in the final season of a six-year, $31.5MM contract, and he’s had a rather up-and-down tenure with Carolina since they acquired him via trade in 2021. He’s been inconsistent defensively over the life of his contract but has settled into posting solid second-pairing numbers for the Hurricanes, at least from an offensive standpoint – he registered a career-high 18 goals last year after posting 39 points in 82 games the year before. While an effective player, he’s also not worth the $5.25MM per season they’re paying him – at least not for Carolina’s needs. With multiple high-end defense prospects on the way, it again shouldn’t be a surprise that the Hurricanes aren’t chomping at the bit to extend him.
Rounding out the list of pending UFAs for Carolina in 2024 are forwards Brendan Lemieux and Stefan Noesen, defenseman Jalen Chatfield, and goalie Antti Raanta. DeAngelo is also slated for unrestricted free agency in 2024 as well. All of those players were either signed to one-year deals this summer or have sub-$1MM cap hits.
Photo courtesy of USA Today Sports Images.
Carolina Hurricanes Sign Sebastian Aho To Eight-Year Extension
The Carolina Hurricanes have announced an eight-year, $9.75MM AAV contract extension for star center Sebastian Aho.
This is a massively consequential contract extension for the Hurricanes, who secure Aho through the 2031-32 season at a 15% raise from his previous cap hit of $8.46MM. The $78MM total value of the deal makes it the largest contract in Hurricanes franchise history.
According to PuckPedia, the contract carries a full no-move clause and no-trade clause for its first seven years before converting to a 15-team no-trade clause in year eight.
Hurricanes GM Don Waddell issued the following statement regarding the extension:
Sebastian has developed into one of the best two-way centers in hockey. He’s a tremendous leader on and off the ice who sets a great example for our younger players. We’re grateful that he’s decided to stay in Carolina for the foreseeable future.
It didn’t necessarily always look like Aho would be in Carolina for the long term, as his current contract was actually an offer sheet he signed with the Montreal Canadiens that was designed to walk him directly to UFA status.
But the Hurricanes did the widely expected move and matched the hostile offer for Aho, and have now secured him for what is likely to be the prime years of his playing career at a $9.75MM AAV. The deal gives Aho the 17th-highest cap hit in the NHL, tied with Johnny Gaudreau of the Columbus Blue Jackets.
After scoring 36 goals and 67 points last season it might be a stretch to call Aho a top-20 player league-wide.
But before last year, Aho scored at above or near a point-per-game rate every season since 2018-19, while also seeing consistent minutes on a Hurricanes penalty kill that has long ranked among the league’s best. That’s the Aho that could genuinely be called a top-20 player in the NHL.
While Aho might not be the Art Ross Trophy-contending 100+ point dominant offensive center some Hurricanes fans might wish he’d be, he’s still a true first-line center who, excluding last season’s moderately declined production, has played at an elite level for quite some time now.
His impact on both ends of the ice is immense, and the Hurricanes simply do not have anyone on their roster or in their prospect pool who projects as a difference-making number-one center the way Aho does.
This contract certainly isn’t cheap, of course, but it’s also a totally reasonable price to pay for Aho as long as his decline to 67 points last season doesn’t prove a sign of things to come. A similarly-aged center in Mathew Barzal of the New York Islanders net $9.15MM on his own massive contract extension, and Barzal has been significantly less productive than Aho over the course of the last few years and doesn’t offer the same defensive value.
Seeing as Carolina purchased eight UFA years of Aho, they were never going to get a true discount on his contract. But with the cap set to rise over the next few seasons, getting Aho at an AAV below $10MM is hard to complain about.
With Aho now locked up and projected second-line center Jesperi Kotkaniemi under contract through 2029-30, the Hurricanes may feel they’ve secured their first and second-line centers for the rest of the decade.
If Kotkaniemi can build on his 43-point performance from last season and the momentum he had in the second half, he could become a strong second-line center behind Aho. Alongside this contract extension, that would give the Hurricanes a potentially elite two-way first-line center and a decent second-line center at a total cost of $14.57MM against the cap.
As the cap rises, we could very well see a star player or two end up commanding a $14MM AAV before the end of the decade, and it’s with that view of the future that this Aho extension feels most valuable. If Aho can manage to perform up to the standard he’s set over the past few seasons, let alone grow past that standard, he’ll provide genuine surplus value on this $9.75MM AAV.
Seeing as this deal doesn’t commit the Hurricanes to Aho deep into his thirties, the contract contains relatively minimal downside risk, meaning it should be considered a home run signing for the franchise.
Photos courtesy of USA Today Sports Images
DeAngelo Had Sour Relationship With Tortorella
Now that Anthony DeAngelo is back with the Carolina Hurricanes under a one-year agreement, questions arose around the desire of the Philadelphia Flyers to buy out his contract, merely a year after signing it. Chip Alexander of the Raleigh News & Observer shed some insight on this, getting a quote from DeAngelo saying, “The coach and I wound up not fitting together, I guess that would be the main reason” (Tweet Link).
Carolina Hurricanes Sign Tony DeAngelo
3:49 PM: PuckPedia confirms it will be a one-year, $1.675MM contract for DeAngelo and the Hurricanes.
2:12 PM: The Carolina Hurricanes are closing in on a one-year deal for defenseman Tony DeAngelo in the $1.6MM range, per Frank Seravalli of Daily Faceoff. The signing concludes a weeks-long courtship of DeAngelo by the Canes, who previously had the right-shot defender on their roster for the 2021-22 campaign.
DeAngelo’s former team, the Philadelphia Flyers, bought out the 27-year-old earlier this month after a proposed trade to send him back to Carolina at 50% salary retention fell through. While he is coming off three straight 40-point campaigns, his defensive deficiencies and a laundry list of off-ice controversies are nothing to shy away from. He’s now the only player in NHL history to get bought out twice.
Despite leading the Flyers’ defense in points and finishing second in average time on ice, head coach John Tortorella scratched DeAngelo multiple times to finish off last season, fracturing the relationship between the player and his hometown team. The league blocked the reported trade sending DeAngelo back to Carolina at a cap cost of $2.5MM, half of his $5MM salary with the Flyers, citing cap circumvention as their reasoning.
DeAngelo now heads back to Raleigh, where the Hurricanes have demonstrated an ability to cover up the defender’s deficiencies that arise from his one-dimensional play. Recording ten goals and 51 points in 64 games, DeAngelo recorded a career-high +30 with Carolina during his only season there and spent most of his time alongside Jaccob Slavin on the team’s top pairing, whose elite shutdown play helped DeAngelo play to his strengths offensively without hurting the team in the goals against column.
The question is now where DeAngelo fits in on Carolina’s defense, which has seen a significant makeover with Brent Burns and Dmitry Orlov added to the fold in back-to-back offseasons after DeAngelo’s departure. Right-shot Brett Pesce remains with Carolina, but without a contract extension in place beyond next season, he’s a likely trade candidate as the offseason draws on.
A looming wild card is where Carolina stands in trade talks for San Jose Sharks defenseman Erik Karlsson, whose status on the block is no secret after a Norris Trophy-winning campaign. Multiple reports state the Hurricanes and Pittsburgh Penguins are the two frontrunners for his services, which would undoubtedly plug up a deep right side and make it hard for DeAngelo to earn much ice time in his second stint with Carolina. Could DeAngelo find himself on the move again in a matter of weeks as part of a trade package for Karlsson? Per Seravalli’s initial report, it’s unclear whether his short-term pact with the Hurricanes includes trade protection.
A $1.6MM cap hit leaves Carolina with roughly $900K in cap space as things stand, per CapFriendly, so DeAngelo is likely the last of their major free agent additions. The team has been quite busy on the open market this summer, adding Michael Bunting and Brendan Lemieux in addition to DeAngelo and Orlov.
Image courtesy of USA Today Sports.