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Pittsburgh Penguins, Florida Panthers Complete Trade

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After coming close to a trade yesterday, the Pittsburgh Penguins and Florida Panthers have worked through their “glitch.” That deal has now been completed, with Patric Hornqvist heading to Florida in exchange for Mike Matheson and Colton Sceviour. No salary has been retained by either team.

Panthers GM Bill Zito’s statement on the move reveals exactly why he targeted Hornqvist:

A proven winner and champion, Patric brings a level of competition to our club. He is a talented veteran presence who plays with an edge and we look forward to what he can add to our group.

That championship resume is not something that many other players on the Panthers have and something that Zito will obviously value as he looks to turn around Florida in his first time as a GM. Hornqvist is also arguably the best player involved in the trade, even at his age.

Likely turning 34 just as the next NHL season gets underway (his birthday is January 1), Hornqvist has plenty of miles on a body that is routinely used to battle in front of the net and in the corners. The physical forward has scored 238 times in his career, including 84 goals from his net-front spot on the powerplay. It’s not like things have gone downhill of late either, as Hornqvist recorded 17 goals and 32 points in just 52 games this season.

Of course, for the Panthers this deal is about a lot more than just adding pedigree and leadership. Getting out from under Matheson’s contract will be seen as a big win, even if he’s able to turn around his career in Pittsburgh.

The 25-year-old defenseman had fallen completely out of favor in Florida since signing an eight-year contract in 2017. That deal carries a cap hit of $4.875MM through the 2025-26 season, and actually has a partial no-trade clause that will kick in next year. The Panthers had scratched Matheson several times and even tried him at forward as they attempted to squeeze some value out of the deal, but it just wasn’t working. In 299 games with the team he had registered 91 points, but routinely posted underwhelming defensive and possessions statistics.

A part of the deal that wasn’t reported yesterday is Sceviour, who shouldn’t be entirely overlooked. Even if he isn’t a household name, there’s no doubting Sceviour’s ability to serve a depth role in the bottom-six and help a penalty kill. He’s been a regular NHL player for the last six seasons, good for about ten goals and 25 points a year.

It is notable though that with Sceviour’s addition, the Penguins aren’t even actually opening any cap space in this deal. Hornqvist’s $5.3MM cap hit is actually surpassed by the combined totals of Matheson ($4.875MM) and Sceviour ($1.2MM) next season, though obviously, they take up two roster spots now.

More likely, Penguins GM Jim Rutherford saw this as an opportunity to reshape his group and considered Hornqvist too expensive to serve the third-line role he was likely penciled moving forward. The acquisition of Kasperi Kapanen pushed him down the lineup, plus Rutherford has been clear that he felt this group needed a drastic change if they wanted to compete for another Stanley Cup.

The question now becomes how exactly Matheson fits in. The Penguins already had four defensemen making at least $3.25MM, plus youngster John Marino who has taken hold of a top-four role. There very well could be another move coming, but for now, it is a crowded (and expensive) blueline.

Photos courtesy of USA Today Sports Images

Pittsburgh Penguins, Florida Panthers Working On Trade

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1:40pm: Friedman tweets that the hold up is related to an insurance issue. It is still not clear what the particulars of the trade would be, if it does go through.

10:50am: The Pittsburgh Penguins and Florida Panthers appeared to be close to a deal that would see Patric Hornqvist and Mike Matheson switch teams, but there has been a “glitch” holding it up according to Elliotte Friedman of Sportsnet. Pierre LeBrun and Josh Yohe of The Athletic both tweet that the deal is not yet done. Hornqvist does hold a full no-trade clause, though it is not clear if that is the issue here or if the trade will happen at all.

Matheson has become something of a whipping boy for Panthers fans, ever since he signed his eight-year, $39MM extension in 2017. At the time he seemed like an up-and-coming top-four defenseman, but even then the eight-year term and $4.875MM cap hit seemed like a risky proposition. Since then his performance has declined drastically, with the team either benching him or trying him out at forward to attempt to recoup some of the investment. Ridding the books of his contract would be a win for new GM Bill Zito, though the cost of doing so is obviously important to consider.

Hornqvist meanwhile has three years remaining on his own questionable extension, signed in 2018 and carrying a $5.3MM cap hit. That would actually mean the Penguins would gain some cap space in a straight swap, though the veteran forward still does have some effectiveness left in his game. Hornqvist plays one of the most physical, grinding styles in the NHL, constantly battling in front of the net or in the corners. It’s resulted in a lot of offensive success over the seasons including this one in which he scored 17 goals and 32 points in just 52 games. Still, that style of play can often lead to a steep decline as a player enters their mid-thirties, which Hornqvist is firmly in as a 33-year-old that could very well turn 34 before the next season gets underway (his birthday is January 1).

If the trade does go through without any additions, it would seem a curious decision for a Pittsburgh team that already has plenty of money tied up on the back end. That said, their recent acquisition of Kasperi Kapanen has likely pushed Hornqvist out of a top-six role, making him quite the expensive option in his own right. Perhaps they believe that returning assistant coach Todd Reirden can help Matheson regain his form, or were just looking for a way to get out of Hornqvist’s last few years.

Stay tuned for more information.

Florida Panthers Announce Changes To Hockey Operations

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The Florida Panthers have made sweeping changes to their front office and coaching staff as they search for a new direction under GM Bill Zito. The team has named Rick Dudley and Paul Fenton senior advisors to the GM, Gregory Campbell vice president of player personnel and development, Blake Geoffrion the assistant to the general manager and added P.J. Fenton to the team’s scouting staff.

They have also announced that Mike Kitchen will not return as assistant coach, which follows a report earlier today that Kitchen allegedly physically assaulted a player on the bench in January. The team did not comment on the report. AHL assistant coach Doug Janik will not be joining the new affiliation in Charlotte.

Fenton’s name had surfaced in connection with the Panthers previously and he has a history with Zito from their time with the Columbus Blue Jackets. The former Minnesota Wild GM was perceived as a strong talent evaluator during his time in Nashville, though the stint in Minnesota obviously didn’t go well.

Dudley meanwhile has been serving as senior vice president of hockey operations with the Carolina Hurricanes and has nearly a half-century of experience in professional hockey.

Campbell, 36, only ended his playing career in 2016 but has served as a development coach since then with the Blue Jackets. His familiarity with Zito obviously led him to this position with the Panthers and given his 803 career NHL games as a depth forward, he should have a unique perspective to add to the development side.

The Panthers made a clear change when they parted ways with legendary executive Dale Tallon earlier this year and installed rookie GM Zito in the position.

Snapshots: Kitchen, Edmundson, Soucy

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The Florida Panthers are expected to part ways with assistant coach Mike Kitchen, according to Frank Seravalli and Darren Dreger of TSN. The decision comes after an alleged physical altercation with a player on the bench that happened in Minnesota on January 20. Kitchen opted out of the return to play postseason with the full support of the organization, saying at the time “it was a difficult decision to say the least, but the right decision for me and my family.”

Kitchen has been an assistant of Joel Quenneville at several stops and joined him in Florida for the 2019-20 season. The 64-year-old coach has three decades of coaching experience in the NHL dating back to the 1989-90 season with the Toronto Maple Leafs. The team has not yet made an official statement about his status with the organization.

  • The Montreal Canadiens acquired the rights to Joel Edmundson over the weekend and now have just a few weeks to convince him to sign with the team before hitting unrestricted free agency. Nick Alberga of Sportsnet tweets that there is a “high chance” that Edmundson signs, with a two-year deal being discussed. The 27-year-old defenseman spent the 2019-20 season with the Carolina Hurricanes where he registered a career-high 20 points in 68 games. His one-year, $3.1MM contract set to expire in October was awarded through arbitration with the St. Louis Blues before a deal took him to Carolina just over a month later.
  • The Minnesota Wild made big news by extending Jonas Brodin earlier today, but could end up signing another defenseman to a new deal before long. Wild GM Bill Guerin told reporters including Michael Russo of The Athletic that he would like to keep Carson Soucy, though admitted they have had only initial conversations with his representatives. Soucy, 26, actually qualifies for Group VI UFA status despite playing in 55 games for the Wild this season and could hit the open market next month at a relatively young age.

Atlantic Notes: Krug, Point, Kulak, Ruggiero

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After falling just short of winning the Stanley Cup in 2019, the Boston Bruins went home a little earlier than they hoped for this season, falling to the Tampa Bay Lightning in the second round. However, much of the criticism in Boston falls to the team’s lack of physicality against the Lightning’s bigger forwards, who really took advantage of the Bruins, especially against their smaller defenseman, Torey Krug and Matt Grzelcyk.

The Bruins saw this issue coming and traded for Nick Ritchie at the trade deadline to give the team a little added size, but Ritchie had some issues adjusting to the team immediately after the trade as the league was shutdown shortly thereafter and still didn’t fully adjust in the bubble during the playoffs.

With the need to get bigger and stronger this offseason, NBC Sports Joe Haggerty writes that the Bruins may be already thinking that it might make more sense to let the undersized Krug walk via free agency this year and take the money to invest in a blueliner who can provide more size and physicality rather than invest $7-8MM on bringing Krug back.

  • Tampa Bay Lightning forward Brayden Point remains an unknown before Game 4 today. Head coach Jon Cooper refused to give an update on Point, saying “You’ll see in a couple hours,” Cooper said (via NHL.com’s Bryan Burns). Point sat out Game 3 with an undisclosed injury, although he has been practicing. Point has picked up 23 points in 15 playoff games so far and would be a big boost for the team if he returns.
  • Assuming the Montreal Canadiens are able to sign defenseman Joel Edmundson after acquiring the blueliner in a trade with Carolina Saturday evening, The Athletic’s Arpon Basu (subscription required) writes that could be bad news for defensemen Brett Kulak and Victor Mete. With Ben Chiarot, rookie defenseman Alexander Romanov and potentially Edmundson playing on the left side, both Kulak and Mete will either have to fight for the seventh spot or the team could move one of the blueliners over to the right side. The scribe notes that Kulak, who was impressive in the playoffs, might be a potential trade candidate. He has averaged more than 17 minutes of ATOI over the past two years with the Canadiens. General manager Marc Bergevin wasn’t that posiitve on Kulak’s outlook, however, pointing out after the playoffs that while he could be a solid defender if he continues to play like he did, his inconsistency over the regular season has to be kept in mind as well.
  • While the Florida Panthers eventually hired Bill Zito to be their new general manager, it did do an extensive search for candidates, looking at former Islanders GM Garth Snow to NHL Network analyst Kevin Weekes. Sportsnet’s Elliotte Friedman, on Hockey Night in Canada Saturday, also added another former candidate in Hall of Fame and Olympic gold medalist Angela Ruggiero. “During their search, the Panthers contacted four-time U.S. Olympian and member of the Hockey Hall of Fame Angela Ruggiero and asked her if she wanted to interview,” Friedman reported during Saturday’s Headlines. Ruggiero, 40, is the current CEO and co-founder of Sports Innovation Lab and asked the Panthers for a few days to consider whether she wanted to interview. By the time she got back to Florida, they had already hired Zito. Ruggiero has some experience in the front office with the New York Islanders years ago before going to Harvard for her MBA, but she could be a future candidate for other GM positions.

East Notes: Steen, Fenton, Patrick

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Another young player will suit up overseas to begin the season as Boston Bruins minor league forward Oskar Steen has been loaned to IF Bjorkloven in the Swedish second league. Steen has one year left on his entry-level contract and has still yet to make his NHL debut, but did have a decent debut in the AHL. In 2019-20 the 22-year-old forward recorded 23 points in 60 games.

Steen will return to North America for training camp, though it’s still not exactly clear when that will be. Given he dominated the SHL the last time he played in Sweden, the sixth-round pick should find the Allsvenskan easy enough as long as he is given quality minutes.

  • Bill Zito is in charge of the Florida Panthers now and he may be bringing in a former NHL GM to help. Elliotte Friedman of Sportsnet reports that Paul Fenton is “on the radar” to join Florida, and Chris Johnston points out that the former Minnesota Wild executive worked with Zito in Columbus this season as a scout. The first thing anyone thinks about when Fenton’s name is brought up is that infamous (and incredible) feature by Michael Russo of The Athletic, which detailed the 14-month period when he was in charge of the Wild. It’s easy to forget that before he was hired by Minnesota, Fenton was one of the most well-respected assistant GMs in the NHL, spending close to two decades beside David Poile with the Nashville Predators. Though his time in Minnesota will certainly color many expectations, it shouldn’t surprise many that he is in the mix for another NHL job.
  • The Philadelphia Flyers season didn’t come to the end many were hoping for, but there are reasons for optimism moving forward. Namely, the health of Nolan Patrick, which continues to improve according to GM Cliff Fletcher. Patrick missed the entire season due to a migraine issue, but has been skating for the past few months and is apparently on the road to recovery. Still, Fletcher admitted that his future is still unclear until he starts practicing with contact. Patrick is a restricted free agent and will need a contract this offseason, but has just 61 points in 145 career games to this point.

Florida Panthers, Carolina Hurricanes Announce AHL Affiliates

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The Carolina Hurricanes and Florida Panthers have both officially announced their new AHL affiliates, continuing the domino-effect changes that have followed the relocation of the Henderson Silver Knights. Carolina, who had been affiliated with the Charlotte Checkers, has now signed a three-year agreement with the Chicago Wolves starting in 2020-21. The Panthers, who previously used the Springfield Thunderbirds as their AHL affiliate, have inked a multi-year agreement with the Checkers.

When the Vegas Golden Knights purchased the San Antonio Rampage and moved them to Henderson, the St. Louis Blues were without an AHL affiliate and the Wolves were without an NHL parent. The Blues then affiliated with Springfield, continuing the musical affiliate chairs and forcing the Panthers to look elsewhere.

The biggest shock is still the breakup of the Hurricanes and Checkers after the two had been so closely linked by affiliation and obviously geography for so long. The Checkers owner, Michael Kahn, even invested in the Hurricanes and became an ownership partner back in 2011.

In terms of details, the Hurricanes announced that Ryan Warsofsky will continue to serve as AHL coach, moving over to lead the Wolves after the new agreement. His entire staff will come with him to the new organization. The move to Charlotte is a big first announcement for new Panthers GM Bill Zito, though the agreement was in place long before he came on board earlier this month.

Florida Panthers Hire Blue Jackets’ Bill Zito As GM

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Wednesday: The Panthers have officially announced the hire, introducing Zito as the team’s next general manager. In the release, owner Vincent Viola included an explanation for the move:

We are thrilled to welcome Bill Zito as General Manager of the Florida Panthers. Bill is an excellent mind in our game today who proved during his time with the Columbus Blue Jackets that he possesses great prowess for evaluating talent and building success. He brings great experience to our club and possesses a strong business acumen.

Chris Johnston of Sportsnet reports that Zito received a five-year contract from the Panthers, quite a commitment as the team tries to figure out the roster and return to the playoffs.

Tuesday: After all the hype in recent weeks over Florida’s ongoing search for their next general manager – a list of candidates that included executives and scouts from a number of teams as well as several television analysts – it seems the team will in fact go with a name that had not been publicly mentioned. Sportsnet’s Elliotte Friedman reports that the Panthers are closing in on a deal to make Columbus Blue Jackets Associate GM Bill Zito their next GM. TSN’s Pierre LeBrun adds that a formal announcement is expected on Wednesday.

Zito, 55, has served as an executive for the Blue Jackets since 2013. Initially an assistant GM, Zito eventually took on the role of GM of the club’s AHL affiliate, the Cleveland Monsters, and this season was elevated to Associate GM and Sr. VP of Hockey Operations. Prior to his time with Columbus, Zito was a player agent and one of the founders of Acme World Sports.

Now joining the Panthers, replacing Dale Tallon as GM, Zito has his work cut out for him. Fortunately, his familiarity with goaltender Sergei Bobrovsky could help the veteran to settle in during year two after a disastrous first season with the Panthers. More reliable results in net would be a major step for Florida. The team also needs to improve its defense while finding a way to re-sign or replace top forwards Mike Hoffman and Evgenii Dadonov. The Florida Panthers have not won a playoff series since 1996, the worst drought in the NHL, and Zito’s task will be to put together a contender and end that sorry streak as soon as possible.

Brady Keeper Re-Signed By Florida Panthers

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Even though the Florida Panthers are currently without a GM, the front office is still taking care of business. The team has announced a new one-year contract for Brady Keeper, one of their players scheduled for restricted free agency. The deal will be two-way, though the financial details have not been released.

Keeper, 24, played the entire 2019-20 regular season in the minor leagues, scoring 18 points in 61 games for the Springfield Thunderbirds. An undrafted free agent signing in 2019, Keeper had previously played two seasons at the University of Maine. Interestingly enough, he got into just his second NHL game this summer when he played just over 13 minutes against the New York Islanders, recording two hits and two blocked shots.

It’s hard to know where anyone stands in the Florida organization right now, given the uncertainty in the front office, but there are bound to be some changes coming to the NHL roster before the start of the 2019-20 season. Should defensemen be moved out to shake things up, Keeper will be one of the first men up on the depth chart to try and take a full-time role.

Chris Drury Withdraws From Florida’s GM Search

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The Panthers have cast a wide net as they look to find a replacement for former GM Dale Tallon whose contract was not renewed.  In recent weeks, Scott Mellanby, John Ferguson Jr., Bill Armstrong, Laurence Gilman, Sean Burke, Ron Hextall, and Kevin Weekes have all interviewed for the position, and Florida Hockey Now’s adds Peter CHiarelli and Eddie Olczyk to the list as well. Rangers Assistant GM Chris Drury additionally interviewed for the vacancy.  However, as Florida sets their shortlist for the next round of interviews, Drury has withdrawn his name from consideration, reports Larry Brooks of the New York Post.

Drury has been with New York since 2015 when he started as their Director of Player Development.  He was promoted to assistant GM the following year and became GM of AHL Hartford in 2017 as well.  In 2019, he got his first international GM assignment when he headed up Team USA at the World Championships.  That experience made it no surprise when he came under consideration to replace Tallon.

His name has come up for several GM vacancies around the league over the years so while he won’t wind up with this job, it only seems like a matter of time before Drury gets a chance to run his own NHL team.  No reason for withdrawing from this search was given.

Meanwhile, Brooks adds a couple more names to the list of candidates in former Boston and Edmonton GM Peter Chiarelli and Blackhawks/NBC analyst Eddie Olczyk.  He mentions that both are expected to be among the finalists for the position.

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