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Minnesota Wild, Filip Gustavsson Agree On Multi-Year Deal

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11:49 AM: Minnesota has officially signed Gustavsson to a three-year, $11.25MM contract, per a team announcement. The deal carries a cap hit of $3.75MM and will carry him to unrestricted free agent status in 2026. Per CapFriendly’s projections, the Wild now have $1.64MM in cap space with a minimum roster of 20 players, and they still have RFA defenseman Calen Addison to sign. The full breakdown of the deal is as follows, according to PuckPedia:

2023-24: $4.25MM
2024-25: $4MM
2025-26: $3MM (five-team no-trade list)

10:12 AM: The Minnesota Wild are nearing a multi-year settlement with young goaltender Filip Gustavsson ahead of their planned arbitration hearing on Friday, The Athletic’s Joe Smith reports.

It’s hard to argue with locking down Gustavsson long-term after the season he just had. Operating in tandem with veteran Marc-Andre Fleury, the 25-year-old netminder finished atop many goaltending stat categories and even got end-of-season All-Star team consideration. His .931 save percentage in 39 games played trailed only Boston Bruins netminder Linus Ullmark, who took home this year’s Vezina Trophy. He also stopped 24.2 goals above expected, according to MoneyPuck’s model, meaning he stopped about 0.63 goals per game more than the average goalie based on the shot quality he faced.

This isn’t out of nowhere, either. Despite being in his third NHL organization already, Gustavsson has been a rather highly-touted prospect since the Pittsburgh Penguins selected him 55th overall in 2016. While a performance like this may have seemed unlikely, Gustavsson has always had the potential to turn into a starting netminder. Considering the delayed age curve that’s in effect for many goalies, his arrival into NHL relevancy is right on time.

He’ll undoubtedly push for more games next season, and it seems it’s only a matter of time until he’s anointed the Wild’s first long-term full-time starter since Devan Dubnyk. It’s a scenario that seemed unlikely when the Wild acquired him in a one-for-one swap with the Ottawa Senators last summer for veteran Cam Talbot, who had a rather disappointing season in the nation’s capital and has since moved on to the Los Angeles Kings via free agency.

Gustavsson’s strong play continued in the postseason, too, posting a .921 save percentage in five games during the Wild’s first-round loss to the Dallas Stars.

Financial certainty for the Wild on their own terms, not from an arbitrator, is also an extremely desirable outcome here for general manager Bill Guerin. The team’s incredibly tight salary cap situation is no secret – with $14.75MM in dead cap dedicated to the Ryan Suter and Zach Parise buyouts, every dollar (and every signing) is extremely consequential for the team’s ability to manage their day-to-day roster. The team likely will not be able to carry a full 23-player roster this season, limiting themselves to just one or two healthy scratches depending upon their injury situation.

Of interest, this is a scenario that seemed extremely unlikely just one week ago. Smith had reported earlier that the two sides were likely headed to arbitration and were not close to a pre-hearing settlement. Evidently, Gustavsson and the Wild made up a lot of ground in negotiations over the last seven days. It was also reported earlier this summer that the Wild preferred a three-year term on a Gustavsson extension, buying one year of unrestricted free agency in the process.

Photo courtesy of USA Today Sports Images.

Wild, Oskar Sundqvist Had Mutual Interest In An Extension

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  • While forward Oskar Sundqvist was visibly elated to return to the St. Louis Blues this offseason in free agency, the club with which he won a Stanley Cup championship in 2019, it wasn’t the only option for his future he had in mind. In an interview with The Athletic’s Jeremy Rutherford earlier this week, Sundqvist revealed he greatly enjoyed his post-trade deadline stint with the Minnesota Wild, and there was mutual interest in an extension to keep him in the State of Hockey. However, there wasn’t a feasible way to keep him around with a heavy salary cap crunch on Minnesota’s end, thanks to nearly $15MM in dead cap caused by the Zach Parise and Ryan Suter buyouts. Sundqvist did end up signing a league-minimum one-way contract with the Blues, however, who were also in a tight financial situation after acquiring center Kevin Hayes at a reduced price from the Philadelphia Flyers. Sundqvist did well in Minnesota, posting seven points in 15 games down the stretch before injuries kept him out of most of their First Round playoff loss against the Dallas Stars.

Wild Hoping Addison Signs One-Year Deal At Or Close To Qualifying Offer

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  • The Wild are hoping to get defenseman Calen Addison signed for just above the league minimum, Joe Smith and Shayna Goldman of The Athletic note (subscription link). Minnesota tendered him a qualifying offer of $787,500 and it would appear that they’re holding firm to that offer for now.  They have around $5.93MM of cap room per CapFriendly with the bulk of that earmarked for goaltender Filip Gustavsson whose arbitration hearing is scheduled next Friday.  By pushing for Addison to take a one-year agreement, GM Bill Guerin is hoping to have enough cap space left over after Gustavsson gets his new deal to allow them to have a reasonable-sized cushion for in-season movement.

Minnesota Makes A Series Of Promotions

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In an effort to restructure and strengthen their executive pyramid, the Minnesota Wild announced a series of promotions this morning. The most high-profile promotion will go to Matt Majka, most recently serving as the President and Alternate Governor of the Wild organization, who will now serve as the Chief Executive Officer overseeing all the properties in the Minnesota Sports & Entertainment conglomerate. Such assets include the Wild franchise, the Iowa Wild, Saint Paul Arena Company, and Xcel Energy Center, among others. Majka will still report to Wild Owner Craig Leipold, but will now be tasked with leading the innovative effort to take the franchise into the future.

[SOURCE LINK]

Evening Notes: Gustavsson, Crammarossa, Iowa

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Joe Smith of The Athletic writes that it appears the Minnesota Wild and goaltender Filip Gustavsson will decide their contract dispute in arbitration. Smith writes that the deal will get done but will most likely be done through an arbitrator as the sides appear unlikely to reach an agreement without the intervention. The Wild and Gustavsson are set to go to arbitration on August 4th, and with Ilya Samsonov’s ruling now official and Jeremy Swayman’s case set to be heard later this week, both sides should have a clearer picture of what would be a fair contract from the club and the 25-year-old goaltender.

Gustavsson excelled in his first year in Minnesota after coming over in an off-season trade from the Ottawa Senators. It was expected that the native of Skelleftea, Sweden would backup Marc-Andre Fleury, however by the time the playoffs rolled around Gustavsson owned the Minnesota net having gone 22-9-7 with a .931 save percentage and a 2.10 goals-against average.

The Wild are dealing with a very precarious cap situation as they deal with the blowback from the Zach Parise and Ryan Suter buyouts that are eating up about $15MM of Minnesota’s cap space. However, they do still have around $5MM in cap space remaining to re-sign the young netminder.

In other evening notes:

  • Joseph Cramarossa has officially signed a contract with the Löwen Frankfurt of the DEL league. Cramarossa played in the NHL as recently as the past season as he played four games for the Minnesota Wild, scoring just a single goal. He also posted four goals and five assists in 18 games with the Iowa Wild of the AHL. Back in January of this year, Cramarossa had his contract terminated by the Wild and at that time he went overseas to play for Adlern Mannheim of the DEK. While in Germany Cramarossa posted two goals and six assists in 15 games.
  • Lastly, the Iowa Heartlanders of the ECHL have announced that they’ve come to terms with defensemen Robbie Stucker and Ben Brinkman on contracts for the 2023-24 season. The club also announced that forward Jake Durflinger has agreed to a deal as well. Brinkman and Stucker were formerly teammates at the University of Minnesota from 2018-21 while Durflinger will enter his second season with the Heartlanders having played 50 games last season posting 10 goals and 10 assists. The 25-year-old finished the season strong scoring seven of his ten goals between March 18th and April 7th.

Minnesota Wild Avoid Arbitration With Brandon Duhaime

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It appears the Minnesota Wild and winger Brandon Duhaime have worked out a deal before their arbitration hearing, which was set for Thursday. The two sides have agreed to terms on a one-year deal worth $1.1MM, the team announced Sunday.

The one-year deal will walk Duhaime to unrestricted free agency next summer. A 2016 fourth-round pick of the Wild, Duhaime made his NHL debut early in 2021-22 and hasn’t looked back – he’s played 131 games over the past two seasons with the Wild and has avoided assignment to the minors. He’s demonstrated solid consistency and defensive awareness, leading to an everyday role in the lineup when healthy.

He gets some nice seven-figure compensation because of that, and the Wild get some much-needed financial certainty out of the way without risking an arbitration ruling that could upset their delicate dance with the salary cap’s Upper Limit. CapFriendly does list the Wild with just over $7MM in projected cap space after signing Duhaime, but that’s with just 11 forwards and new contracts needed for Filip Gustavsson and Calen Addison.

While it’ll be close, getting Duhaime locked in for next season under $1.5MM is a solid win for general manager Bill Guerin. It should spare him enough room to get the Gustavsson and Addison extensions done, albeit likely short-term, and keep a core together that’s gotten the Wild to the playoffs in four straight seasons.

Duhaime finished last season with nine goals and one assist in 56 games.

Sportsnet’s Elliotte Friedman was first to report the Wild and Duhaime had reached a deal.

Organization Feels Marat Khusnutdinov Is Basically NHL-Ready

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  • Wild prospect Marat Khusnutdinov is heading into the final year of his contract in the KHL and he may not be seeing any AHL time once it’s done. Player development director Brad Bombardir told Joe Smith of The Athletic (subscription link) that organizationally, they feel the 20-year-old is ready to step into Minnesota’s lineup at any point from this point.  Khusnutdinov was a second-round pick back in 2020 (37th overall) and has over 100 KHL appearances and 55 points under his belt, showing that he’s capable of producing in the pros.  He could be a candidate to sign late in the season with Minnesota depending on how far they and SKA St. Petersburg go in their respective playoffs should they get there.

Pavel Novak Is Cancer Free

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  • In a very heartwarming story, Joe Smith of The Athletic reports that Minnesota Wild prospect, Pavel Novak, is now completely cancer-free. Unfortunately, he will not participate in the team’s development camp due to a lower-body injury, but beating cancer is a big enough victory in and of itself. Novak was originally drafted 146th overall in the 2020 NHL Draft, last playing competitive hockey during the 2021-22 season with the Kelowna Rockets of the WHL. In that last full year of play, Novak impressed at the junior level, scoring 72 points in 62 games.

    [SOURCE LINK]

Ohgren And Yurov Aiming To Play In North America In 2024-25

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  • Wild prospects Danila Yurov and Liam Ohgren both intend to play in North America in 2024-25, relays Joe Smith of The Athletic (subscription link). The pair were first-round picks back in 2022, going 19th and 22nd overall, respectively, and are two of Minnesota’s top prospects.  Both are under contracts with their club teams (Metallurg Magnitogorsk for Yurov and Farjestad for Ohgren) next season but the plan is for Yurov to sign once that contract expires while Ohgren, already signed, will have his deal slide once more.  The Wild will need an influx of young, cost-controllable talent and these two could push to make the jump to the NHL right away once they sign.

Wild Acquire Pat Maroon And Max Cajkovic

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The Wild have added a veteran to their forward mix as they have acquired winger Pat Maroon from Tampa Bay along with Max Cajkovic in exchange for a 2024 seventh-round pick.  Both teams have announced the swap.

Maroon spent the last four years with the Lightning, winning a pair of Stanley Cups along the way.  However, his production dropped considerably last season, going from 27 points to just 14.  Of course, Maroon is more known for his physical play and he still provides that in spades, chipping in with 172 hits and recording a league-high 150 penalty minutes.  He has one year left on his contract with a $1MM AAV.  As part of the trade, Tampa Bay is paying 20% of that money.

The 35-year-old has played in 729 career NHL contests over parts of a dozen NHL seasons, recording 117 goals, 171 assists, and 930 playoff minutes.  Maroon also has plenty of playoff experience, suiting up in 150 postseason contests where he has 51 points and 197 penalty minutes along with three Cup titles from 2019 through 2021.  He’ll take the place of Ryan Reaves on Minnesota’s fourth line after Reaves inked a three-year contract with Toronto on Saturday.

As for Cajkovic, the 22-year-old spent most of last season at the ECHL level, recording 10 goals and 17 assists in 41 games with Orlando; he suited up in just two contests with AHL Syracuse.  His placement in the trade appears to be more for opening up a contract slot for the Lightning rather than being a key component for Minnesota.  Cajkovic has one year remaining on his entry-level deal and is almost certain to be back in the minors again next season.

With the swap, Tampa Bay frees up $800K in cap flexibility.  It’s likely that they’ll put that money toward a new deal for RFA winger Tanner Jeannot.  Per PuckPedia, they have a little under $3MM in cap room (including Brent Seabrook’s LTIR savings) with the bulk of that likely being needed to lock up their key trade deadline acquisition from last season.

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