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Cost Per Point: The Best Value Deals In The NHL

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When working with a salary cap, especially one that has not been increasing as expected in recent year, it is vital for general managers to get the most production out of their players. Teams with players who meet the expected level of production implied by their contracts and teams that lack wasted dollars in bad, expensive deals are often the same teams that thrive in today’s NHL. Forget market size or free agent appeal, the key to a winning franchise nowadays is getting the best bang for your buck on every player on the roster. While no player can be fully quantified by their scoring, cost per point is an easy way to look at which players are producing at the most team-friendly rate and which have been more of a cap space killer than a positive member of the team. Thanks to CapFriendly, that information is readily available to fans and NHL executives alike.

The benchmark for this metric is about $100K/point, as GM’s expect those big-time forwards and offensive defenseman who they award with $6MM, $7MM, and $8MM per year contracts to be putting up 60, 70, or 80 points respectively. For the second year in a row, St. Louis Blues superstar Vladimir Tarasenko was the poster boy for this standard, coming in at exactly $100K/point with 75 points on a $7.5MM deal. Winnipeg’s Bryan Little and New Jersey’s Adam Henrique are two other notable names that hit the mark exactly, while phenoms like Sidney Crosby and Duncan Keith landing close to the $100K/point mark show that it is an accurate expectation.

However, the exception to the rule is obviously entry-level contracts. It is no secret that drafting and developing well is the best way to improve you team, beginning with affordable scoring from players on their rookie deals. Nowhere is that more apparent than in cost per point, where nine of the top ten and 17 of the top 20 best contracts were rookie deals. To no one surprise, 20-year-old MVP Connor McDavid and his 100 points on a $925K entry-level contract was far and away the best bargain in hockey. McDavid cost the Oilers only $9,250 per point in 2016-17. That will all change soon, as McDavid is set to begin an eight-year, $100MM contract in 2018-19, after which a 100-point campaign will cost Edmonton $125,000/point, closer to the expectations of a standard contract. For now, the Oilers can enjoy one more year of McDavid likely being the best deal in the NHL, as well as the best player. Entry-level deals joining McDavid in the top ten last year (in order) were Viktor Arvidsson, Artemi Panarin, teammate Leon Draisaitl, Conor Sheary, David Pastrnak, Auston Matthews, Nikolaj Ehlers, and Patrik Laine. Not all entry-level deals are created equal, so while Draisaitl and Pastrnak were second and fourth respectively in entry-level scoring, they were also on the ELC maximum deal of $925K and of slightly lesser value to their teams than the likes of Arvidsson ($632K) and Sheary ($667.5K). Panarin had the best contract in the league in 2015-16 and fell only to third with $10,980/point for the Chicago Blackhawks. Now in Columbus and on a two-year, $12MM deal, the Blue Jackets have to hope that they can continue to get 70+ point seasons out of him to maximize the value of that deal.

So, entry-level contracts aside, who was the best contract in hockey last season? Another easy answer, former Blue Jacket gamble Sam Gagner. After a horrendous 2015-16 campaign with the Philadelphia Flyers, Gagner struggled to find a new team last summer, eventually settling on a $650K “show me” deal with Columbus. Right away people tagged that contract, for a six-time 40+ point scorer, as an absolute bargain, even if Gagner simply bounced back to normal production. He did one better, posting a career-high 50 points for the Jackets and coming in at $13K/point, good enough for sixth in the NHL. Gagner has since moved on to the Vancouver Canucks, signing a three-year, $9.45MM contract on July 1st. However, if he is able to continue to produce at 40-50 point levels over that deal, his $3.15MM cap hit will remain a great bargain deal. Behind Gagner, another player on the move this summer, former Florida Panther and current Vegas Golden Knight Jonathan Marchessault had the 13th-ranked cost per point last year at $14,706/point. Marchessault had a breakout year, netting 51 points in the first season of a two-year, $1.5MM deal. Rather than take advantage of one more $750K season for a 30-goal scorer, the Panthers allowed Marchessault to be selected in the Expansion Draft and Vegas surely hopes he continues to be one of the best values in hockey in 2017-18. The final contract in the top 20 not belonging to an entry-level player, and the only 35+ veteran contract in the top 50, belongs to Marchessault’s replacement in Florida, Radim Vrbata. Vrbata returned home to Arizona last season after a down year in Vancouver the season prior, and the swift 36-year old proceeded to score 55 points, more than double his previous year’s total. On a one-year deal with a $1MM base salary, that only cost the Coyotes $18,182/point last season. Now at a base salary of $2.5MM in Florida, the Panthers hope that Vrbata isn’t starting to slow down just yet. Other impressive value contracts included Patrick Eaves, whose breakout season in Dallas led to a trade and subsequent extension with the Anaheim Ducks, Derek Ryan, who shocked the hockey world with 29 points for the Carolina Hurricanes in his first full NHL season at age 30, and a quartet of recently re-signed RFAs in Richard Panik, Ryan Dzingel, Ryan Spooner, and Jordan Martinook.

With the good comes the bad, and there were certainly some poor value contracts in the NHL last year. Many of the worst belong to players who were injured or AHL depth players that saw only limited time. With zero points in 13 games with a $1.25MM cap hit, Tampa Bay Lightning winger Erik Condra’s value was not even quantifiable it was so bad, and at the highest salary of any player who went pointless last season. Limited to just 18 games with only four points, another Bolts forward, Ryan Callahan, was one of the worst values due to injury with $1.45MM per point on his $5.8MM cap hit. However, the truly worst contract in the NHL has to belong to a player that player a majority of the season. Sadly for a Detroit fan base that is already feeling pretty down-and-out, that designation belongs to Red Wings defenseman Danny DeKeyser, who began a six-year, $30MM extension by scoring about a third less points for the third season in a row. With 12 points in 82 games at $5MM, DeKeyser’s $416.7K/point is pretty ugly. The Buffalo Sabres struck out twice on the blue line, with both Dmitry Kulikov (five points in 47 games at $4.33MM) and Josh Gorges (six points in 66 games at $3.9MM) coming in at $866.7K/point and $650K/point respectively, though neither is known as a major point producer. The worst forward contract? Andrew Desjardins may not have been relied upon as a full-time player with much ice time last season with the Chicago Blackhawks, but with only one point in 46 games, $800K/point, it’s not difficult to see why he remains an unsigned free agent.

While statistics and analytics in hockey are normally geared toward displaying on-ice production, it is always interesting to look at the game from a business perspective. It is important for teams and fans alike to understand not just the absolute of how a player is producing, but the relative value of that production based on how much money that player is being paid. In a salary cap league, there is nothing more important that production value, and as the game grows the focus will only further tighten on scoring as a function of dollars and the cost per point metric.

Florida Panthers Re-Sign MacKenzie Weegar

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The Florida Panthers have finished signing their RFAs for the summer after announcing a one-year contract with MacKenzie Weegar. Weegar will play next year on a two-way deal, and will still be a restricted free agent next summer.

Weegar, 23, made his NHL debut this season after working his way through the minor league ranks. Drafted in the seventh round in 2013 (206th-overall), he first dominated the QMJHL and then made his mark on both the ECHL and AHL. The undersized defenseman has high-end offensive upside, but has struggled at times in his own end. Last year, he posted 14 goals and 36 points in 60 AHL contests but was held scoreless during his short NHL stint.

A legitimate option as a powerplay quarterback and sort of specialty player, Weegar would need an opening at the NHL level either through trade or injury to play a real impact on the Panthers this year. Ian McCoshen is probably ahead of him on the depth chart in terms of a full-time replacement, but that’s not to say Weegar won’t get at least some time with the team. If the Panthers are serious about moving Jason Demers, he could be a potential addition to a bottom pair that could be sheltered from tough matchups.

That said, it’s likely the AHL once again for the Memorial Cup Champion where he can try to set a new career high and evolve into one of the most valuable minor league blueline pieces in the league.

Panthers Notes: Tippett, Tallon

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Breathe easy, Panthers fans. Tenth overall pick Owen Tippett was hit hard (gif via Twitter) during today’s game against the United States during the World Junior Summer Showcase. NHL.com’s Mike Morreale tweeted that it didn’t look good after the hit, but Tippett was able to leave the ice under his own power. Morreale tweeted later that he observed Tippett with his teammates, going through exercises and appearing just fine.  An injury scare for the high scoring winger would have been a difficult blow for Florida. Tippett has a chance to make the roster right out of training camp, and if the skills transfer over, can be a major contributor in the scoring column. The Sun-Sentinel’s Harvey Fialkov wrote about how general manager Dale Tallon believes Tippett to have the makeup of a player who is mature beyond his years. Today’s hit appears to be just a minor incident, and one that shouldn’t stunt Tippett’s chance at making the NHL roster.

  • Tallon was featured in an Athletic article by Scott Powers, who wrote how Tallon holds a special place in his heart for Chicago. Tallon was responsible for the bulk of the drafting and free agent signings that turned the Blackhawks into a model franchise after being a league doormat for nearly a decade. Powers asked Tallon about his thoughts on the Panthers offseason, and he responded as such:

    We had to rework it a little bit. We’re going younger, we’re going faster. We like what we’ve done. We’ve gotten quicker and faster, a little more depth. We added some grit, we added some speed and we added some skill. We got a lot of good young players that we still have coming in our organization that we really like, and we have a real strong core of young players that were injured last year. I think our team is going to be faster and younger and play with a little more energy than we did last year. The new coaches to our coaching staff are really good. I’m excited to work with them and get rolling here.

Tallon admitted that he wasn’t happy about last season and that it was a difficult decision not bringing Jaromir Jagr back, noting that he was great for leadership and exemplifying a strong work ethic. But like many executives in the NHL, Tallon felt it was time to get younger and faster.

 

 

Denis Malgin Hopes To Make Impact

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The Florida Panthers are a team looking for a reboot after a disappointing campaign. GM Dale Tallon seems to have adopted a total shift in philosophy after buying out Jussi Jokinen and passing on re-signing Jaromir Jagr. The team is opting for a more total youth movement, particularly on offense. In an article with NHL.com’s Alain Poupart, the undersized Denis Malgin spoke about his hopes for the 2017-18 campaign.

[SOURCE LINK]

Performance Bonuses Around The League

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In the NHL, there are only a few ways you are allowed to have performance bonuses included in your contract. One way is to be on an entry-level contract, of which almost every one contains some sort of incentive. Young players can earn either Schedule A or B bonuses for various performance markers, though the really big numbers are only usually given out to the very highest of draft picks. Even Mitch Marner for instance, drafted fourth overall in 2015 can only earn up to $850K each season and doesn’t have any Schedule B bonuses in his deal.

The other contracts that can include bonuses are more rare, and they’ll be the focus of this article. These can be given out to players who sign a one-year contract after they turn 35, or a one-year deal coming off a substantial injury (the qualifications for such an injury are that they have already played at least 400 games in their career, and spent at least 100 days on injured reserve in the final year of their previous contract). Many of these have been given out, and we’ll detail them here.

Radim Vrbata – Florida Panthers Radim Vrbata

Vrbata was given a one-year deal with the Panthers this summer after a solid season with the Arizona Coyotes, and will earn $2.5MM in guaranteed salary. He also can earn a total of $1.25MM more through performance bonuses:

  • $250K for 10th goal
  • $250K for 15th goal
  • $250K for 20th goal
  • $250K for 45th point
  • $250K for making playoffs

Mark Streit – Montreal Canadiens

Streit was given a $700K contract from the Montreal Canadiens just this week to add some extra depth to a defense corps that was losing Andrei Markov. His deal includes $300K of unknown performance bonuses, that could take the total contract to $1MM.

Johnny Oduya – Ottawa Senators

Oduya earned a one-year $1MM contract from the Ottawa Senators, and while it’s not clear where he fits in exactly on the blueline he could earn much more should he find a prominent role. The deal includes $1.25MM of performance bonuses:

  • $250K for 41st game played
  • $250K for 65th game played
  • $250K if ranked in top-5 TOI for Ottawa defensemen
  • $250K if ranked in top-3 TOI for Ottawa defensemen
  • $250K for making playoffs

Chris Kunitz – Tampa Bay Lightning

Kunitz is looking for his fifth Stanley Cup this season with the Lightning, who gave him a one-year $2MM contract. The former Penguin can earn another $1MM in various unknown ice-time bonuses, likely tied to where he ends up among Lightning forwards.

Patrick SharpPatrick Sharp – Chicago Blackhawks

Sharp is returning to his old stomping ground this year after the Blackhawks signed him to a one-year $800K contract, but there is no guarantee he plays much of the season. Sharp’s been hurt by several injuries the last few seasons, and because of it Chicago included a $200K bonus for playing just ten games this year.

Mike Cammalleri – Los Angeles Kings

Cammalleri was bought out by the New Jersey Devils this spring, only to immediately find a new home with the Kings on the west coast. His $1MM contract has an additional $200K in performance bonuses, though the exact details are still unknown.

Deryk Engelland – Vegas Golden Knights

When the Golden Knights signed Engelland after the expansion draft, they were bringing back someone who knew the city and could help their young players get acclimated to their new surroundings. They signed him to a one-year deal worth $1MM, but it also includes another $1MM in unknown performance bonuses.

Thanks to CapFriendly for many of the performance bonus details.

Florida Panthers First To Be Linked To Andrei Markov

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Just after the Montreal Canadiens announced that they would not be bringing Andrei Markov back for the 2017-18 season, speculation on where he would land exploded. Igor Eronko of Sport-Express was first to link the Russian defender to the Florida Panthers, a team looking to get back into the playoffs following a very disappointing season. As CapFriendly points out, the Panthers easily have enough room to accommodate the veteran defenseman under their salary cap.

Florida does have a lack of left-handed defensemen, with only Keith Yandle and Michael Matheson penciled into their starting group but also doesn’t look like they have much room for Markov at first glance. Already Ian McCoshen, their prized second-round draft pick that made his NHL debut last season looks to be on the outside looking in, and Markov would only further that. There has been rumors of the team trying to move Jason Demers, with one report going so far as to say that he nixed a deal that would have sent him to Vancouver. If Demers was moved out, it would open up some minutes for Markov along with several million in cap space.

Since Dale Tallon was given back the reins of the franchise this spring, he’s made several moves to push the Panthers back towards his direction of the club. Bob Boughner was brought in as head coach, Reilly Smith and Jon Marchessault were moved out and the team has apparently moved on from any thought of bringing Jaromir Jagr back to town. Demers was signed to a five-year $22.5MM contract last summer, one that will actually pay him much less in the latter half and may be palatable to the majority of teams around the league.

Top 2018 Draft Picks That Have Already Been Traded

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About 11 months from now, 31 NHL general managers will come together in a room with thousands of people watching and select the next group of young players destined to make it to the professional ranks. The 2018 NHL Entry Draft will be a huge event, mostly because of the elite talent that will be available at the top.

Without a clear consensus on the top pick so far, the next year will be extremely interesting to watch for prospect hounds. Andrei Svechnikov, Rasmus Dahlin, Joe Veleno, Quinn Hughes and others all have incredible talent, and could push for the top spot with a big year (and perhaps a growth spurt or two). Like this year, we could also see a relative outsider like Nico Hischier fly up the ranks to take over the top spot by draft day. One thing is for sure though, that there is plenty of talent to find in the first round and beyond at next year’s draft.

It has already been clear that teams don’t want to give up their 2018 draft picks, as we saw with the collection of selections acquired by the Vegas Golden Knights. They have multiple second-round picks in 2019 and 2020, but couldn’t secure an extra top pick in 2018. That said, there have already been many transactions that have moved picks around. Here are the teams that have acquired extra picks in the first three rounds of the 2018 draft (key player traded in parentheses).

Arizona Coyotes:

Acquired 2018 2nd-round pick from Minnesota Wild (Hanzal)

Detroit Red Wings:

Acquired 2018 2nd-round pick (OTT) from New York Rangers (Smith)

Florida Panthers:

Acquired 2018 2nd-round pick from Arizona Coyotes (Crouse)

Minnesota Wild:

Acquired 2018 3rd-round pick from Buffalo Sabres (Scandella)
Acquired 2018 3rd-round pick from Vegas Golden Knights (Tuch)

Montreal Canadiens:

Acquired 2018 2nd-round pick from Chicago Blackhawks (Weise)

New York Islanders:

Acquired 2018 1st-round pick from Calgary Flames (Hamonic)
Acquired 2018 2nd-round pick from Calgary Flames (Hamonic)

Philadelphia Flyers:

Acquired conditional 2018 1st-round from St. Louis Blues (Schenn)

Tampa Bay Lightning:

Acquired conditional 2018 2nd-round pick (WSH) from Montreal Canadiens (Drouin)

Toronto Maple Leafs:

Acquired 2018 2nd-round pick from San Jose Sharks (Polak)
Acquired 2018 3rd-round pick from San Jose Sharks (Reimer)

Washington Capitals:

Acquired 2018 2nd-round pick (FLA) from New Jersey Devils (Johansson)
Acquired 2018 3rd-round pick (TOR) from New Jersey Devils (Johansson)

Avalanche Re-Sign Rocco Grimaldi, Add Jesse Graham

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Wednesday: The team has officially announced the contracts for both players. Grimaldi will earn $750K in the NHL, while just $170K during his time in the minor leagues.

Tuesday: The Colorado Avalanche are closing in on having all of their restricted free agents re-signed. Only big defenseman Nikita Zadorov will be left without a deal once the Avs finalize a new extension with young center Rocco Grimaldi. BSN Denver’s Adrian Dater reports that the one-year, two-way agreement should be made official soon.

Grimaldi, 24, is an extremely talented forward who has found much success at the NCAA and AHL levels, but has yet to put it together in the NHL. A second-round selection of the Florida Panthers in 2011 out of the U.S. National Development Program, Grimaldi went on to star at the University of North Dakota before turning pro in 2014. In his first AHL season with the Panthers’ then-affiliate, the San Antonio Rampage, Grimaldi recorded an impressive 42 points in 64 games. Yet, when called up to Florida, his scoring dropped off to just one point in seven games. Given a longer big league look in 2015-16, the results were the same: Grimaldi netted just five points in 20 games, whereas in the AHL he recorded 33 in 52. Fortunate enough to have ample young, talented center depth, the Panthers did not have to wait for Grimaldi to develop an NHL edge, choosing instead to trade him to the Avalanche last summer for goaltender Reto Berra. Grimaldi returned to San Antonio in 2016-17, now affiliated with Colorado, and was again a force to reckon with in the AHL, finishing third in the league in goal scoring with 31 tallies to go along with 24 assists in 72 games. However, when the Avs recalled Grimaldi for four games at the end of the season, desperately looking for a glimmer of hope after a dreadful year, he could only manage one assist.

Grimaldi may have NHL-caliber offensive talent, but he lacks the one trait you can’t teach: size. At just 5’6″, 180 lbs., Grimaldi is one of the smallest players in the league. He does not have much of two-game, essentially due to a lack of leverage in puck battles and at the face-off dot, and simply can’t skate around the competition in the NHL like he has elsewhere. Yet, the Avalanche have not lost hope. Grimaldi is not the first undersized player to try his hand at the NHL, and he won’t be the last. Similar in size to prolific players like Theo Fleury and Brian Gionta, Grimaldi may be able to make his lack of size work, especially given his considerable offensive ability. GM Joe Sakic must think so too, as he protected Grimaldi in June’s Expansion Draft, showing his commitment to the young scorer. A two-way deal is reasonable, given his lack of success in the NHL thus far, but look for Grimaldi to get a much longer look in Colorado in 2017-18.

In addition to re-upping Grimaldi, the Avalanche also made an outside hire today, signing defenseman Jesse Graham. TVA’s Renaud Lavoie reports that it is a one-year, two-way deal between Graham and Colorado, one which will pay him the league minimum of $650K at the NHL level. A sixth-round pick of the Islanders in 2012 from the Niagara Ice Dogs of the OHL, Graham has struggled to make his junior scoring ability translate to the pro game over his first three season. New York declined to tender a qualifying offer to Graham, making the 23-year-old an unrestricted free agent this off-season. Graham has yet to make his NHL debut and has spent almost as much time in the ECHL over the past few years as he has in the AHL. However, Colorado is the land of opportunity for young defenseman; the team has just three blue liners signed to one-way contracts for 2017-18: Erik Johnson, Tyson Barrie, and Mark Barberio. The aforementioned Zadorov is likely to join that group soon, but (if the roster remains the same) that still leaves at least three spots up for grabs in camp and a good shot at seeing ice time over the course of the season. With 2017 top pick Cale Makar committed to UMass for at least the next season, Graham faces competition only from the likes of Chris Bigras, Andrei Mironov, Anton Lindholm, Duncan Siemens, David Warsofsky, and (if the Avs are lucky) maybe Will Butcher. It’s not the most inspiring list of options for the NHL’s worst team last season, but it could be the perfect scenario for a player like Graham in need of career boost.

Dead Space: Bought-Out, Buried, And Retained Salaries For Every Team

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It’s something that often goes unnoticed, but with the cap showing minimal growth the last few years, teams are starting to feel the crunch more than ever. Buyouts have become more common, especially with players with under three remaining years on their contracts. And it’s not just the big name busts that have seen the ax lately – we’ve seen lesser names at lesser money take the fall for their respective teams, then needing to scramble for work elsewhere in the league. Additionally, salary retention in trades has become a more utilized tactic as of late. Teams with “unmovable” contracts have offered to retain part of a poor contract in order to entice a team into giving them some relief.

All this said, some teams have been better with foresight than others. Some teams have shown a track record of being entirely unable of handing out poor contracts over the past five or so seasons. Considering many teams showed some progress in being more frugal this off-season, it seems a wise time to review the dead space every team has accumulated, either due to poor management decisions or poor luck.

Colorado Avalanche – $4.83 MM in 2017-18, issues resolved after current year – Francois Beauchemin buyout; Cody McLeod retained

Arizona Coyotes – $4.61 MM in 2017-18, issues resolved after 2020-21 – Mike Smith retained; Mike Ribeiro, Antoine Vermette buyouts

Columbus Blue Jackets – $4.025 MM in 2017-18, issues resolved after 2020-21 – Fedor Tyutin, Jared Boll, Scott Hartnell buyouts

Carolina Hurricanes – $3.71 MM in 2017-18, issues resolved after 2020-21 – Eddie Lack retained; Alexander Semin, James Wisniewski buyouts

Toronto Maple Leafs – $3.28 MM in 2017-18, issues resolved after 2021-22 – Tim Gleason, Jared Cowen buyouts; Phil Kessel retained

Nashville Predators – $2.83 MM in 2017-18, issues resolved after 2018-19 – Viktor Stalberg, Eric Nystrom, Barret Jackman buyouts

Boston Bruins – $2.73 MM in 2017-18, issues resolved 2019-20 – Dennis Seidenberg, Jimmy Hayes buyouts

New York Rangers – $2.61 MM in 2017-18, issues resolved after 2022-23 – Dan Girardi buyout

Minnesota Wild – $2.5 MM in 2017-17, issues resolved after current year – Thomas Vanek buyout

Los Angeles Kings – $2.4 MM in 2017-18, issues resolved after 2023-24 – Matt Greene buyout; Mike Richards termination/recapture

Edmonton Oilers – $2.33 MM in 2017-18, issues resolved after 2020-21 – Lauri Korpikoski, Benoit Pouliot buyouts

Anaheim Ducks – $2.21 MM in 2017-18, issues resolved after 2023-24 – Mark Fistric, Simon Despres buyouts; Patrick Maroon retained

Vancouver Canucks – $2.13 MM in 2017-18, issues resolved after 2021-22 – Roberto Luongo, Jannik Hansen retained; Chris Higgins buyout

New Jersey Devils – $2.09 MM in 2017-18, issues resolved after 2023-24 – Mike Cammalleri, Devante Smith-Pelly buyouts; Ilya Kovalchuk recapture

Tampa Bay Lightning – $1.83 MM in 2017-18, issues resolved after 2019-20 – Matt Carle buyout

Calgary Flames – $1.82 MM in 2017-18, issues resolved after 2018-19 – Mason Raymond, Lance Bouma, Ryan Murphy buyouts

Detroit Red Wings – $1.67 MM in 2017-18, issues resolved after 2020-21 – Stephen Weiss buyout

Dallas Stars – $1.5 MM in 2017-18, issues resolved after 2018-19- Antti Niemi buyout

Philadelphia Flyers – $1.5 MM in 2017-18, issues resolved after current year – R.J. Umberger buyout

Winnipeg Jets – $1.46 MM in 2017-18, issues resolved after 2018-19 – Mark Stuart buyout

Florida Panthers – $1.33 MM in 2017-18, issues resolved after 2018-19 – Jussi Jokinen buyout

Las Vegas Golden Knights – $1.1 MM in 2017-18, issues resolved after current year – Alexei Emelin retained

Ottawa Senators – $350,000 in 2017-18, issues resolved after current year – Andrew Hammond buried

Buffalo Sabres – Minimal in 2017-18, increased issues ($791,00) resolved after 2022-23 – Cody Hodgson buyout

 

 

Chicago Blackhawks, St. Louis Blues, Washington Capitals, Pittsburgh Penguins, New York Islanders, San Jose Sharks,  Montreal Canadiens – No dead cap space

After compiling the list, it became clear that utilizing these options isn’t a complete hindrance to competing in the NHL. In fact, most clubs have between $1 MM and $3 MM in dead space. That said, of the teams that have not needed to utilize the buyout or retention options, there has been a great deal of success. And among the five worst offenders, the Leafs, Hurricanes, Blue Jackets, Avalanche, and Coyotes, none has moved past the first-round in multiple years. It’s hard to draw massive conclusions without taking the context of each individual situation into account, but there is something to be said for making every dollar of cap space count. Perhaps this is merely a byproduct of past success rather than an indicator of future success, but considering how amenable many managers have become to the option, it bears consideration.

(All totals courtesy of the fantastic CapFriendly.com)

Looking Ahead To 35+ Contract Situations

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In the NHL, signing players after they turn 35-years old comes with some added restrictions and capabilities. For one, those players are now eligible for one-year contracts that include performance bonuses, a way to mitigate risk for the team while still providing opportunities for previously successful players. The big restriction though, is that the cap hit of any contract signed after 35 will stay on the books regardless of what happens with the player. Whether their bought out or retire, the team will still face the full cap hit for the entire length of the deal.

This year, we saw Colorado swallow their pride and buy out Francois Beauchemin even with this extra clause, and they will face the full $4.5MM cap hit this season. Mike Cammalleri, who is now 35 himself and was similarly bought out will not fall under this rule because he signed his contract several years ago. Only if the contract is signed after 35 does it come into effect.

With that clear, let’s look at some of the players who will be under contract for the 2018-19 season and could potentially cause their teams a cap hit without actually playing for them. Here are all the 35+ contracts that will still be active after the coming season.

Patrick Marleau – Toronto Maple Leafs

The Toronto Maple Leafs signed Patrick Marleau to a three-year, $18.75MM contract this offseason and took a substantial risk in doing so. Marleau turns 38 before the season starts, and though he has been known to keep his body in great shape throughout his career is clearly on the regular downward trajectory every player experiences. The Maple Leafs did an interesting thing to reduce some of their risk however, by front-loading Marleau’s contract and paying nearly the whole thing out in signing bonuses. Patrick Marleau

On July 2nd 2019, a few months before the final season of the contract begins, Marleau will have just $1.25MM left owed to him. Though he’ll be 41 for that season, and still carrying a $6.25MM cap hit, he’ll be a near-free option for a team struggling to hit the cap floor. That’s assuming he’s not still effective and the Maple Leafs want to keep him around, though they will be paying their young players like Auston Matthews a good chunk of the cap and may need the room. Marleau does have a no-movement clause, but if he’s set on retiring anyway it likely wouldn’t matter to him if his contract was traded.

Justin Williams – Carolina Hurricanes

Williams signed a two-year deal with the Hurricanes to return to the place he won his first Stanley Cup, and he comes with very little risk for the club in terms of retirement. Still a very effective scoring option, last season Williams actually registered his highest goal total since his days in Carolina a decade ago. It’s hard to see how he would fall so far in 2017-18 to make him think retirement was the only option.

That said, there is always a chance that a 35+ player could fall off a cliff production wise or just reach a point in his life that he wants to move on from hockey. If he did that next summer, the Hurricanes would be on the hook for a $4.5MM cap hit with no player to show for it. Luckily, the Hurricanes are one of those cap floor teams and an empty hit like that would pose no issue to their salary structure. They’d rather have an effective Williams in the lineup, but this deal came with almost no risk.

Ron HainseyRon Hainsey – Toronto Maple Leafs

Here come the Maple Leafs again, who handed out two multi-year deals to 35+ players this offseason. Hainsey comes fresh off a Stanley Cup victory with the Pittsburgh Penguins in his first taste of the playoffs, and will be expected to log difficult minutes in Toronto to take some pressure off their young group. His two-year, $6MM deal also comes front loaded should the team need to move him next summer.

Hainsey will be 38 when the contract expires, and some have already started to point out his deficiencies as the years roll on. With the Maple Leafs having to make decisions on James van Riemsdyk, Tyler Bozak, William Nylander and Leo Komarov next summer, any further decline from Hainsey could be a problem. With no buyout relief available, the Maple Leafs would likely have to bite the bullet and keep him around through the end of the deal.

Alex Burrows – Ottawa Senators

It took a two-year extension from the Ottawa Senators to get Burrows to waive his no-trade clause at last year’s deadline, and that number will be tough to watch for the team should he continue his rapid decline. For a player who once scored 35 goals in a season, Burrows had just 24 the last two combined. While he did show some better jump in the Ottawa lineup, the team has several young players who will deserve more playing time over the next couple of seasons.

$2.5MM isn’t the end of the world, but when you’re a team who works on a tight internal budget like the Senators every dollar can mean a lot. Without the buyout option and the risk of Burrows hanging it up, that $2.5MM could haunt them next summer. Luckily, it will expire before the team needs to shell out the dollars for Erik Karlsson, who will be eligible for extension next offseason but won’t have his expected record-breaking deal kick in until 2019-20.

Ryan Miller – Anaheim Ducks Ryan Miller

Anaheim took a risk handing out a 35+ contract to Miller, but there doesn’t seem to be any sign of him wanting to retire just yet. He’s now closer to his offseason home with actress Noureen DeWulf, and $2MM per season to backup John Gibson seems like a perfect scenario 37-year old goaltender. Even though he could suddenly turn ineffective, their faith in Gibson and his similar inexpensiveness (he’s owed just $2.3MM in each of the next two seasons) covers their back.

Derek MacKenzie – Florida Panthers

The two-year extension the Panthers gave their captain last summer was a surprising one, if only because you don’t usually see players of his stature receive a guaranteed contract a year before they’re due for one. MacKenzie signed his first 35+ contract, but it comes at such a small cost—$2.75MM total over two years—that it poses little risk. The team wouldn’t need to buy him out, and even if he were to hang up his skates next summer they would have plenty of cap room. Besides, the Panthers have had great success with 35+ contracts in the past—just ask Jaromir Jagr.

Photos courtesy of USA Today Sports Images

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