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Tampa Bay Lightning Sign Kevin Shattenkirk

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The Tampa Bay Lightning have added another former New York Rangers player to the mix, signing recently bought out Kevin Shattenkirk to a one-year contract. The deal carries a $1.75MM salary and a full no-trade clause.

Shattenkirk, 30, saw his performance and role with the Rangers decline over his two years in New York and when it came time for them to clear salary to accommodate Artemi Panarin and Jacob Trouba, he was one of the first to go. As we wrote when he was bought out last week it took him very little time to find a landing spot given his history of success and the lack of available depth at the positions. The defense market has been all but picked clean (except perhaps for Jake Gardiner who remains unsigned) meaning Shattenkirk immediately became a desirable asset despite his recent play.

For $1.75MM, the Lightning are betting he’ll be able to rediscover some of the magic he had with the St. Louis Blues. During parts of six seasons in St. Louis Shattenkirk was one of the most productive offensive defensemen in the league, recording 258 points in 425 games. A powerplay dynamo who also logged big minutes at even-strength, Shattenkirk even received Norris Trophy votes on three different occasions. Even in New York he was still able to record 51 points in 119 games, though his all-around performance declined and he was sheltered heavily away from tough defensive matchups.

Tampa Bay already has two elite defensemen in Victor Hedman and Ryan McDonagh along with an impressive group that also includes Mikhail Sergachev, Erik Cernak and Braydon Coburn. Shattenkirk will essentially be replacing outgoing veterans (and former Rangers) Dan Girardi and Anton Stralman, though he obviously plays a bit different role than either one.

The signing is obviously a bargain for a player that was once one of the most dynamic defensemen in the league, but it also does tighten the purse strings a little bit further in Tampa Bay. The team still has Brayden Point and Adam Erne sitting as unsigned restricted free agents with now just over $9.3MM in cap space. Though there are ways to add a bit to that total—Anthony Cirelli, Mathieu Joseph and Cernak are all still waiver-exempt, for instance—it still doesn’t leave a lot of wiggle room to fit in a long-term deal with Point that could approach $10MM per season depending on term. If the team decides to do a bridge deal like they have with several other high profile RFAs however, there shouldn’t be a cap issue in Tampa Bay this year.

Free Agent Profile: Cam Ward

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Since the unrestricted free agency rush of July 1st subsided, just two NHL goaltenders have been signed off the open market: Anthony Stolarz with the Anaheim Ducks and Jared Coreau with the New York Islanders. That’s two goalie signings in 33 days, making it easily the quietest position of this off-season, despite a major re-shuffling of UFA starters early on and several RFA extensions as well.

Unsurprisingly, several notable names remain available – Scott Darling, Chad Johnson, Mike McKenna, Al Montoya – while Michal Neuvirth has already accepted a PTO. However, one name sticks out above the rest for both his career accomplishments and his meaningful role in 2018-19.

Cam Ward, 35, ventured outside of Carolina last season for the first time in his 14-year NHL career. Ward signed a one-year, $3MM contract with the Chicago Blackhawks last summer and proceeded to play a major tole for the team this past season. Dealing with ongoing issues with starter Corey Crawford, Ward ended up playing in 33 games to Crawford’s 39 and Collin Delia’s 16. Although Ward’s .897 save percentage and 3.67 GAA were the worst among the trio, it was only a marginal gap. The Blackhawks struggled defensively and no goalie was safe, as all three finished with a save percentage below .910 and GAA above 2.90.

Still, Ward cannot have been happy with his results last year. A Stanley Cup winner and former All-Star, Ward was rock solid for the Hurricanes for several years. He thrived early on as a workhorse, including a 2010-11 campaign in which he posted a career-high .923 save percentage in a league-best 74 appearances. He then settled nicely into a timeshare role, posting back-to-back seasons with a 2.40 GAA while playing in around 50 games each year from 2014 to 2016. Even as he continued to age and his numbers slipped slightly, no one could have predicted his pedestrian performance last season. It was a sharp decline from his career numbers that could have been an outlier or could be signaling the end of his career.

One thing that is certainly working against Ward finding work this off-season is the now well-established narrative that he does not play well as a backup. Over his career, Ward has played in four seasons, including last year in Chicago, in which he did not make at least half of his team’s starts. In those three seasons combined, Ward is 49-38-13, with a a save percentage of .895 and a GAA of 3.37. In all of his other seasons combined, Ward has a record of 285-218-75, with a save percentage of .911 and a GAA of 2.63. It is extremely clear that Ward does his best work with regular appearances and any team looking to make the most of signing him will want to offer that opportunity. But does such a landing spot exist?

Potential Suitors

The honest answer is that the team likely to sign Ward, if any, isn’t aware of the need just yet. Ward could very well be a veteran option that a team turns to in case of injury or poor performance that can be a temporary starter. While it’s impossible to project injuries, the New York Rangers have a starter who is even older than Ward and have very little depth behind him. A Henrik Lundqvist injury could certainly turn the Blueshirts on to Ward as an option to step in at starter during a season that brings high expectations to New York. The same could be said for the Vegas Golden Knights, whose 34-year-old starter Marc-Andre Fleury has dealt with injury issues before. Vegas is in better shape with their depth in net and could handle a short absence from Fleury, but without a proven NHL goalie elsewhere on the depth chart, a long-term injury could send them on the hunt for a solution. Despite having both John Gibson and Ryan Miller, the Anaheim Ducks are far from safe when it comes to injury risk and could be an option for Ward if disaster strikes. The Philadelphia Flyers shuffled through goalies like no other team in NHL history last year, so another issue with Brian Elliott could easily have the Flyers intrigued in Ward.

As for teams who risk needing a starter due to poor play, no team jumps out more than the Columbus Blue Jackets. It’s perhaps even fair to call them the most likely landing spot for Ward, as they are sure to go through some bumpy times with their young tandem of former backup Joonas Korpisalo and unproven import Elvis Merzlikins. The team only has more untested foreign talent in the minors as well. The Blue Jackets have ample cap space, so if there was a bidding war for Ward at any point, Columbus would be the favorite to beat out any other team in need of an emergency starter.

If Ward is intent on signing before the season begins though, rather than wait for a need-based market to develop in-season, there are a couple of teams who could still be looking for a backup. Again, that isn’t the ideal role for Ward, but it is one that the respected veteran would likely be willing to try his hand at again. The Florida Panthers spent big on Sergei Bobrovsky this summer, but 22-year-old Samuel Montembeault is slated to be the primary backup heading into next year. He is waiver-exempt still and could head to the AHL without issue if the team opted to look at a veteran backup. However, this doesn’t seem extremely likely, considering their investment in Bobrovsky, who they likely expect to make 65 starts. In Colorado, the Avalanche seemed hesitant to give last year’s third-string, Pavel Francouz, an extended look despite strong numbers in the NHL and AHL. He is now the likely backup to Philipp Grubauer, who himself is still finding his footing as a true starter. The Avs have almost no depth in net and could look to add another name to the mix in Ward.

Projected Contract

Ward has made at least $3MM in each of the past four seasons and more than $6MM on the contract prior to that. Those days are now over. Regardless of the impact that his role or the team’s defense had on his 2018-19 performance in Chicago, Ward has lost his leverage to command a sizable salary after such a poor season. If he is settling in to a backup role before the season, he will almost certainly land somewhere between $1MM and the league minimum of $700K. If he is signing mid-season to take over as a starter or at least in a timeshare, that number could go up, but not much higher. If Ward feels like he has several years left, he will be looking at this season as an investment in future earnings; he will accept a cheap deal to go to the right place where there is the potential to succeed, so as to hit the market next summer with some more bargaining power. The only question is whether that right fit exists, now or down the road after the season begins. Ward could call it a career if no such opportunities arise by the end of the calendar year.

Snapshots: Marner, Murphy, Canucks

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The market for restricted free agents is still being held up by Mitch Marner and today James Mirtle of The Athletic (subscription required) examined the situation between the young star and the Toronto Maple Leafs. Mirtle believes that the Maple Leafs have been “aggressive” trying to get the contract done and are willing to get into basically unprecedented territory for a three-year bridge deal if it comes to that.

Obviously there is still a lot of mystery and negotiating through the media in the Marner situation, but as we get closer and closer to training camp things around the league have to start to resolve eventually. Mirtle writes that everyone is waiting for Marner to set the ceiling on what everyone else can earn, meaning there could be an avalanche coming whenever things are resolved in Toronto.

  • The New York Rangers have hired Gord Murphy as an associate coach for their AHL affiliate Hartford Wolf Pack. Murphy spent the last five years with the Philadelphia Flyers and has been in the NHL for nearly two decades as an assistant coach. In fact, he worked alongside new Wolf Pack head coach Kris Knoblauch in Philadelphia, meaning the two will have no trouble getting on the same page this year.
  • There are lots of questions surrounding how Vancouver Canucks head coach Travis Green will deploy his lineup this season, so Iain MacIntyre of Sportsnet sat down with him to try and get some answers. Green is excited about getting players like J.T. Miller and Micheal Ferland into their group this season as they can play both checking and scoring roles. Quite simply, when asked about having enough talent to surround Elias Pettersson and Bo Horvat on the top two lines Green responded “I do.” Green also admitted that he still hasn’t spoken to Loui Eriksson about the comments about how the two didn’t get along 100 per cent, though he is planning to when they next see each other.

New York Rangers Buy Out Kevin Shattenkirk

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Thursday: The Rangers have made the buyout official. Shattenkirk is now an unrestricted free agent.

Wednesday: The New York Rangers earned a second buyout window after settling all of their arbitration cases and will use it to open up some cap room. Brett Cyrgalis of the New York Post reports that the Rangers intend to buy out veteran defenseman Kevin Shattenkirk. He will not require unconditional waivers as he currently holds a no-movement clause. Shattenkirk had two years left on his deal which carried a $6.65MM cap hit. He will now become an unrestricted free agent while the Rangers will carry the following cap hits:

  • 2019-20: $1,483,333
  • 2020-21: $6,083,333
  • 2021-22: $1,433,333
  • 2022-23: $1,433,333

Shattenkirk, 30, signed a four-year deal with the Rangers in the summer of 2017 as one of the very best available unrestricted free agents. He was supposed to come in and provide the team with an offensive presence from the blue line, but struggled mightily in his own end and saw his production drop significantly. In 119 games with the Rangers over two seasons Shattenkirk recorded 51 points and was a -29. The right-handed defenseman also didn’t fit in to the timeline the team had put together with their new young core, though his performance and lack of trust from head coach David Quinn likely made that a moot point.

For the Rangers, cap relief is the name of the game right now. After signing Artemi Panarin and Jacob Trouba to long-term contracts worth nearly $20MM per season, the team suddenly found themselves above the $81.5MM ceiling. A trade or buyout was necessary to get them back under that number and this will accomplish that. With Chris Kreider, Vladislav Namestnikov and others coming off the books after this season the team will be able to absorb the inflated cap hit of Shattenkirk in 2020-21, though it means they won’t be able to do a ton of shopping next offseason.

Even though he’s being cut loose by the Rangers, don’t expect Shattenkirk to be unemployed for very long. The defense market didn’t have a ton of talent in it this summer and while names like Jake Gardiner and Ben Hutton still remain unsigned, Shattenkirk immediately becomes the best right-handed option on the market. Even if he is no longer the play-driving force he was in St. Louis, there’s still more than enough reason to believe that the 30-year old can still contribute in the right situation. Where that will be is unclear, as the Rangers tried and failed to trade him over the last several weeks (and perhaps months) without any luck.

Photo courtesy of USA Today Sports Images

Chris Kreider's Name "Out There Everywhere"

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The New York Rangers have had quite the offseason, scoring Artemi Panarin in free agency, acquiring Adam Fox and Jacob Trouba through trade and drafting Kaapo Kakko second overall. The team looks ready to take the next step towards contending, but still do have several expiring contracts on the books. Most notable is Chris Kreider, who remains an effective power forward option but is heading towards unrestricted free agency next summer. Kreider’s name has been involved in trade speculation for months, and Larry Brooks of the New York Post tweeted today that multiple sources told him the 28-year old’s name “is out there everywhere.”

After signing Panarin and Trouba to huge long-term contracts the Rangers actually find themselves with a bit of a cap problem. They currently project over the $81.5MM ceiling and have until tomorrow evening to decide whether they want to buy out one of their contracts to relieve some pressure. Kevin Shattenkirk and Brendan Smith have been listed as the most likely, though a trade of Kreider could also get the Rangers to a tenable cap situation. The forward carries a $4.625MM cap hit this season and holds an 11-team no-trade clause.

New York Rangers Hire Kris Knoblauch As AHL Coach

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The New York Rangers have hired a new head coach for the AHL’s Hartford Wolf Pack, bringing in Kris Knoblauch as the seventh in team history. Knoblauch spent the last two seasons with the Philadelphia Flyers as an assistant, and will be getting his first opportunity in the AHL.

Knoblauch, 40, was a New York Islanders pick back in 1997 but never did make it to the NHL. His playing career ended in 2005 and he quickly got into coaching, first in the WHL with the Prince Albert Raiders. After taking over as head coach of the Kootenay Ice in 2010, he led the team to a WHL championship in his first season behind the bench and quickly was recognized as one of the top up-and-coming coaches in hockey. A stint with the Erie Otters of the OHL came next where Knoblauch had the chance to coach talents like Connor McDavid, Dylan Strome, Alex DeBrincat and many others who would end up in the NHL. Another league championship at the junior level and a silver medal as an assistant with Team Canada’s World Junior team landed him a gig in the NHL with the Flyers.

Known as a player’s coach, those playing under Knoblauch have raved about his communication skills. In an Associated Press piece when he was hired by the Flyers, Erie general manager Dave Brown explained that the coach would create personality profiles to understand how to best reach each player. In the same piece, Strome raved about Knoblauch’s skill in devising special teams structures. The Wolf Pack finished with a 29-36-11 record last season and ranked 19th in powerplay percentage at just 17.9%.

Eastern Notes: McAvoy, Carlo, Kreider, Samsonov

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There are quite a few restricted free agents that still haven’t been signed yet, but the Boston Bruins still have two of them in defensemen Charlie McAvoy and Brandon Carlo and the Boston Globe’s Matt Porter suggests that fans may have to sit through not seeing them at training camp and potentially even having them sit out like William Nylander did last year with the Toronto Maple Leafs.

Porter suggests that McAvoy could be looking for similar money to that of Jacob Trouba, who signed with the New York Rangers for seven years at $8MM AAV. However, a holdout might be necessary because Trouba had the benefit of an arbitration hearing deadline and had all the leverage on his side. That isn’t necessarily the case with McAvoy who doesn’t have arbitration rights and whose only leverage would be holding out. Carlo, an improving defenseman, could be looking for $4MM per season in a long-term deal.

Regardless, the Bruins already tight against the cap for the next few years, need to make sure they don’t overpay for the two defensemen, which might require the team to unload another player down the road.

  • In his Saturday’s Slapshots column, New York Post’s Larry Brooks mentions that the New York Rangers and Chris Kreider’s agent Matt Keator, haven’t had a conversation yet about what it would take to sign the 28-year-old to a long-term contract. While Brooks believes that is strange that both sides haven’t spoken yet, he believes that both sides are content to go into the season with Kreider in the last year of his current contract. The Rangers would be hard-pressed to sign Kreider to a long-term deal after handing out long-term deals to Artemi Panarin and Trouba and a number of talented young forwards who will eventually have to be paid down the road as well.
  • With a tumultuous offseason ahead for the Washington Capitals in the goaltending category with Braden Holtby expected to become an unrestricted free agent, The Athletic’s Tarik El-Bashir (subscription required) writes in a mailbag column that he wouldn’t be surprised if star goaltending prospect Ilya Samsonov could win the backup goaltending job in training camp. It would help the team determine whether the 22-year-old might be ready to take over as the team’s starting goaltender in 2020-21. Samsonov had an up-and-down first season in North America last season, putting up a .898 save percentage in 37 games with the Hershey Bears, but was much more impressive in the second half. However, there is no guarantee that he is ready for a back-up NHL role yet, so don’t count out Pheonix Copley.

Metropolitan Notes: Namestnikov, Brown, Werenski, Siegenthaler, Malkin

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While a buyout of one of the New York Rangers defensemen seems like a popular option to fix the fact that the team is currently projected to be over the salary cap after New York paid out $19.65MM AAV for both Artemi Panarin and Jacob Trouba, there are still other options that might make even more sense.

With plenty of rumors that New York could choose to buyout Kevin Shattenkirk, Brendan Smith or Marc Staal when their buyout window opens on Monday, The Athletic’s Rick Carpiniello (subscription required) writes that the team might be better off saving their future cap room from carrying extra dead weight. One way to do that is move forward Vladislav Namestnikov, who carries a $4MM cap hit this year before becoming a unrestricted free agent. While teams might have shown little interest in the 26-year-old who scored just 11 goals last season, one better option would be to retain some of his salary, which could easily make him a more attractive trade option and wouldn’t cost the team future cap costs. Namestnikov is only one year removed from a 22-goal, 48-point season.

  • Sticking with the Rangers, the team announced the passing of former great Arnie Brown Saturday. The defenseman died at the age of 77, but played a total of 12 seasons for five different teams, but made his mark with New York after playing seven seasons (from 1964-1971) for the franchise and is listed among the top 100 players in Rangers history. Brown played 681 games over the course of his career, posting 44 goals and 185 points. Everyone at PHR wishes the best for the family and friends of Brown at this time.
  • The Columbus Dispatch’s Michael Arace writes that little progress has been made between the Columbus Blue Jackets and restricted free agent Zach Werenski. While the team hopes that it can lock up the 22-year-old to a long-term deal, there is always the possibility that Werenski could be a training camp holdout if the two sides can’t find an equitable arrangement. Blue Jackets fans have already seen that as several players, including Josh Anderson and Ryan Johansen have done that in past seasons. Werenski has proven to be a top pairing defenseman, having tallied 38 goals and 128 points over the course of three seasons. With key losses this offseason of Panarin, Sergei Bobrovsky and Matt Duchene, the team could benefit if they can convince Werenski to sign long-term.
  • After signing defenseman Christian Djoos and forward Chandler Stephenson to one-year deals last week, the Washington Capitals once again find themselves over the salary cap by $1.3MM. While one option to reduce their cap hit would be to send Jonas Siegenthaler to the AHL like the team did last year, NBC Sports Washington’s J.J. Regan writes that won’t be possible. While Siegenthaler is still waiver exempt, the team only has seven NHL defensemen under contract and even if they felt that Tyler Lewington could be the team’s seventh defenseman, he wouldn’t save the team a significant amount of money to make the move worth it. Unfortunately for general manager Brian MacLellan, the team will have to make a different move this year to get under the cap.
  • The Athletic’s Scott Burnside (subscription required) looks at candidates who could bounce back from disappointing seasons and marks Pittsburgh Penguins center Evgeni Malkin as a player who should return to his 90-point ways. The 32-year-old went from a 42-goal season in 2017-18 to half that total last year (21 goals) and went from 98 points to 72. Burnside writes that the team will need more goal scoring after losing Phil Kessel and Malkin will be looked to even more to fill that gap.

Latest On Rangers’ Kevin Shattenkirk

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When the New York Rangers inked restricted free-agent Pavel Buchnevich to a two-year deal Friday, the Rangers also opened up a 48-hour buyout window starting Monday in which the team could opt to buy out one of their defenseman, including Kevin Shattenkirk, Brendan Smith and Marc Staal. While the Rangers did not buy any players out earlier this summer, things have changed after the team paid out $19.65MM AAV combined for Artemi Panarin and Jacob Trouba in the last month.

And while there is no evidence as to what New York intends to do, the New York Post’s Larry Brooks believes wholeheartedly that Shattenkirk will be bought out and will not be a Ranger by Wednesday evening. Considering that the Rangers traded for two right-handed defensemen this offseason, it should make it obvious the team is ready to move on from the veteran, who the team signed to a four-year deal two summers ago at $6.65MM AAV.

After signing Buchnevich for two years at $3.25MM per season, New York is projected to be $4.16MM over the cap (assuming that the team buries Brendan Smith and Matt Beleskey and both restricted free agents Anthony DeAngelo and Brendan Lemieux sign for their qualifying offers) and will be forced to make a cost-cutting move. While it’s already been discussed that the team is under no obligation to buy out one of their defenseman as they have a couple of players they could trade including Chris Kreider and Vladislav Namestnikov to get back under the cap, the scribe believes that Shattenkirk’s contract makes the most sense to buyout.

2019-20: $1.48MM (savings of $5.17MM)
2020-21: $6.08MM (savings of $567K)
2021-22: $1.43MM
2022-23: $1.43MM

The buyout would give the Rangers a little over $1.1MM to work with after that and wouldn’t require the team to trade off Kreider just to save the team some money, one of the top wingers on the team who will be an unrestricted free agents next offseason. Trying to trade one of your best players when you are over the cap isn’t exactly the best bargaining position. Of course, the Rangers would have to assume 90 percent of Shattenkirk’s contract next season if the team does choose to buy him out, which really will make things challenging for New York next season.

The Rangers, however, can do nothing until Monday and there is no sign that they are currently committed to buying out Shattenkirk.

Rangers Re-Sign Pavel Buchnevich

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With an arbitration hearing quickly approaching, the Rangers announced (Twitter link) that they have re-signed winger Pavel Buchnevich.  Larry Brooks of the New York Post reports (via Twitter) that it’s a two-year deal with a cap hit of $3.25MM per season.

The 24-year-old set a new career-high in goals last season with 21 despite missing considerable time due to injuries, including a thumb issue that caused him to miss 13 contests.  That certainly would have helped his cause had his case gone to arbitration on Monday as originally scheduled.  He also has been relatively productive as a secondary scorer the last couple of seasons, posting 43 points in 2017-18 and 38 last season.

With the team adding Artemi Panarin in free agency while adding Kaapo Kakko with the second pick in last month’s draft, the competition for a top-six spot on the wing is going to be tough in training camp.  It wouldn’t be surprising to see Buchnevich drop down a line which could make it difficult to surpass his numbers over the past two years.

While getting this done was certainly critical for GM Jeff Gorton, it now brings their salary cap situation even more to the forefront.  The team now has upwards of $85MM in commitments for next season (and still has to re-sign defenseman Anthony DeAngelo and winger Brendan Lemieux).  In other words, they’re well over the $81.5MM Upper Limit.

As this was New York’s final arbitration case, the clock is now set for their second buyout window.  It will open up on Monday afternoon and last 48 hours.  Defensemen Brendan Smith and Kevin Shattenkirk have been speculative buyout candidates going back to the initial window in June but at the time, Gorton opted to not pull the trigger on a buyout at that time.  Since then, the team signed Panarin to a deal that makes him the highest-paid winger (in terms of AAV) in league history while inking defenseman Jacob Trouba to a deal worth $8MM per season.  Their financial situation has certainly changed in a hurry.

There is some risk in buying one of those players out though.  While they’d free up some space for next season, the front-loaded nature of their deals means that their 2020-21 cap hit would still be substantial.

Accordingly, they may be better off looking to trade their way out of trouble.  Wingers Vladislav Namestnikov and Chris Kreider, players that are both a year away from UFA eligibility, have been in trade speculation lately as has Buchnevich himself.  This contract, one that will see him remain a restricted free agent two years from now, certainly won’t hurt his trade value if Gorton looks to go that route.

For the past few weeks, the Rangers were believed to have some time to settle their cap issues.  With their final opportunity to use a buyout to free up some room expiring on Wednesday, the clock is ticking quickly.  They’ll be a team to watch for over the coming days.

Photo courtesy of USA Today Sports Images.

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