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Alex Pietrangelo

Canucks Acquire Nate Schmidt

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It was only a matter of time before Vegas made a move to shed some salary to fit in Alex Pietrangelo’s new deal which is now official.  That trade has now been made as the Canucks announced that they’ve acquired defenseman Nate Schmidt from the Golden Knights for a 2022 third-round pick.  GM Jim Benning released the following statement on the acquisition:

Nate has been one of the top defencemen in our division in recent years.  He’s a dynamic player who competes hard all over the ice. I think he will be a really good fit in our group.

The 29-year-old joined Vegas via the expansion draft and went from a depth defenseman to a core player along the way.  Last season, he had seven goals and 24 assists in 59 games, the highest point-per-game average of his career while logging 21:41 per night.  He played even bigger minutes in the playoffs at just over 23 minutes a game in 20 postseason contests.

While serving a 20-game suspension for violating terms of the NHL’s performance-enhancing substances policy back in 2018, Schmidt signed a six-year, $35.7MM contract extension of which five years remain on it heading into next season.  That deal also contains a 10-team no-trade clause.  Vegas is not retaining at all on the contract, meaning that Vancouver will be absorbing the entirety of the deal.

It has been a tough offseason for the Canucks so far with the free agent departures of Jacob Markstrom and Chris Tanev (Calgary), Troy Stecher (Detroit), and Tyler Toffoli (Montreal) with Braden Holtby taking Markstrom’s spot between the pipes.  Schmidt should step in nicely into the spot vacated by Tanev inside Vancouver’s top four.

Both teams appear to have some work to do still when it comes to their salary cap situation.  Vancouver has just under $2MM in cap room per CapFriendly with forwards Jake Virtanen and Adam Gaudette needing new deals.  Meanwhile, Vegas is still nearly $1MM over the cap per CapFriendly and that’s only with carrying the minimum number of forwards on their roster.  Assuming that they’ll want a spare, that will only add to what they have to try to clear in the coming weeks and months.  Marc-Andre Fleury has been a speculative trade candidate for a while now but his market may be thin with most teams have their tandems in place already.

TSN’s Darren Dreger was first to report that Schmidt was heading to Vancouver.

Photo courtesy of USA Today Sports Images.

Golden Knights Sign Alex Pietrangelo

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While it has been rumored for the last few days, the Golden Knights announced that they have struck a deal with the top UFA on the market in defenseman Alex Pietrangelo, inking him to a seven-year, $61.6MM contract for an $8.8MM AAV.  Sportsnet’s Elliotte Friedman adds (via Twitter) that the pact contains a full no-move clause. Pierre LeBrun of The Athletic provides the full breakdown:

  • 2020-21: $2.0MM salary + $3.0MM signing bonus
  • 2021-22: $2.0MM salary + $3.0MM signing bonus
  • 2022-23: $1.0MM salary + $7.0MM signing bonus
  • 2023-24: $4.3MM salary + $8.0MM signing bonus
  • 2024-25: $4.5MM salary + $8.0MM signing bonus
  • 2025-26: $4.0MM salary + $6.0MM signing bonus
  • 2026-27: $8.8MM salary

The 30-year-old is the first number one defender to hit the open market in quite some time but in this particular environment with a flattened salary cap, very few players have managed to land a big-money, long-term contract.  Many expected Pietrangelo to be the exception and this is indeed the case as his new deal is the longest handed out to any UFA so far and makes him the fifth highest-paid blueliner in the league.  The deal comes in quite close to our projection as we had him pegged for a seven-year, $61.25MM in our Top-50 UFA list where he was the unanimous choice for number one.

Pietrangelo is coming off of one of the best offensive seasons of his career as he put up 16 goals and 36 assists in 70 games while logging more than 24 minutes per game for the ninth straight season.  Few teams, including the Golden Knights, have a blueliner of this caliber and while Vegas has managed to build a strong back end without a true top option, their defense corps will be that much stronger now.

GM Kelly McCrimmon’s job is far from done, however.  The team is now well over the salary cap and by the time you factor in all one-way contracts and two-way deals pro-rated based on their 2019-20 days on the roster (which are factored in the 10% allowable offseason overage), Vegas is over the $89.65MM offseason Upper Limit.  Accordingly, cap-clearing moves need to come soon.

In recent days, defenseman Nate Schmidt ($5.95MM through 2024-25) has been a speculative trade candidate which makes sense as Pietrangelo plays the same side he does.  The Golden Knights could also move goaltender Marc-Andre Fleury ($7MM through 2021-22) who is expendable after the extension of Robin Lehner but they haven’t had much interest in him so far and any trade would almost certainly require some salary retention.

In Pietrangelo, Vegas has landed another top-end player but while they didn’t pay anything but money to get him, we’ll soon find out the other part of the acquisition cost in who has to be moved out before the deal can be made official.

Pierre LeBrun of TSN and The Athletic was first to report) the $8.8MM price tag.

Photo courtesy of USA Today Sports Images.

Vegas Working On Nate Schmidt Trade

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7:35PM: Pierre LeBrun of TSN and The Athletic notes that the Panthers have not completed a deal for Schmidt.  Considering their cap situation, a trade of someone making a sizable salary will need to happen before they can finalize any contract with Pietrangelo.

5:59 PM: While the talk the last hour or so has been with the Vegas Golden Knights looking to deal one of their defenseman to the Winnipeg Jets to make room for an Alex Pietrangelo signing, now Fox Sports Andy Strickland reports that Vegas is expected to send defenseman Nate Schmidt and his contract of five years at $5.95MM, is heading to the Florida Panthers. No word yet on the return.

Schmidt has been a big component for the Golden Knights since their inception. The blueliner was one of the Golden Knights selections in the expansion draft and has been one of their top minutes eaters since joining the team. While likely being surpassed as the team’s top defenseman last season by the improved play of defenseman Shea Theodore, Schmidt has been a key face for the Golden Knights franchise and a major locker room presence, going back to the Golden Misfit days. Last year, the 29-year-old blueliner averaged 21:41 of ice time, while posting seven goals and 31 points last year, while providing solid defense for the Golden Knights.

In Florida, Schmidt should immediately fill a significant role for the Panthers that was hurting on the defensive end. Last year, Florida spent significant money on free agent goaltender Sergei Bobrovsky, who struggled out of the gate, much due to the fact that the Panthers defense was subpar, even under first-year head coach Joel Quenneville. This offseason, Florida has re-tooled their defense, moving multiple players out. The speedy Schmidt should fit in well besides Aaron Ekblad, Keith Yandle, Anton Stralman and newly acquired Radko Gudas and Markus Nutivaara.

Teams are only able to go more than 10% above the Upper Limit during the offseason which is $89.65MM.  Accordingly, this deal will seemingly need to be finalized before Pietrangelo’s contract can be made official.

Vegas Golden Knights Closing On Deal With Alex Pietrangelo

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The Vegas Golden Knights are rumored to be close to signing the top unrestricted free agent on the market in defenseman Alex Pietrangelo, according to The Athletic’s Jeremy Rutherford, who says a deal could be completed as early as tonight. Fox Sports Andy Strickland confirms that the Golden Knights and Pietrangelo are working towards finalizing a contract.

The deal could also coincide with a trade as the Golden Knights, who have already moved out Paul Stastny, are also a likely candidate to move out defenseman Nate Schmidt and his contract, which includes five more years at $5.95MM AAV. It’s likely both moves could be done in tandem with the belief that the Winnipeg Jets might again be part of that package, which would include restricted free agent Jack Roslovic. Even that trade could prove to be complicated as the Jets might be forced to move out a contract in order to take on Schmidt’s contract.

For the Golden Knights, bringing in Pietrangelo would finally give the franchise its first clear cut No. 1 defenseman. The team had tried to pry away Erik Karlsson several years ago at the trade deadline, but failed to pull that trade off. This time, the team is trying to juggle its finances to fit Pietrangelo into their salary cap, which is quite a daunting task.

Pietrangelo has been a stabilizing force the last 11 seasons with the Blues and is coming off an impressive season last year. The 30-year-old had 16 goals and 52 assists in 70 games and another six points in nine playoff games for the Blues, but is probably best known for his defensive abilities, something that could only help Vegas in their quest to win a Stanley Cup in the next couple of years. Vegas also has a major need for a right-handed blueliner as the only right-hander on the team is Zach Whitecloud.

The Golden Knights still have to move out goaltender Marc-Andre Fleury and his $7MM AAV contract for the next two years, but with little movement on that front over the last week, the team might be more likely forced to move out one of their pricier defensemen with Schmidt’s salary being the largest at the moment.

Alex Pietrangelo Visiting Las Vegas

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No, Alex Pietrangelo has not signed with the Golden Knights, at least not yet. He is visiting Las Vegas though. After rumors emerged that Pietrangelo had boarded a private flight headed to Vegas, it was confirmed to TSN’s Pierre LeBrun that Pietrangelo is taking a free agent visit with the Golden Knights.

Pietrangelo, our No. 1-ranked UFA, appears to be done in St. Louis. Although Pietrangelo himself never ended talks with his former club, the Blues signed Torey Krug, putting an end to their pursuit of an extension with the captain, much to his surprise. The Calgary Flames, another team expected to be a top player for Pietrangelo, also seems to have moved on, signing Chris Tanev. Even the Toronto Maple Leafs and their limited cap space landed T.J. Brodie, ruling out a homecoming for Pietrangelo. All signs point to the Golden Knights right now.

Of course, Vegas also has cap issues of their own and would be well over the upper limit by signing Pietrangelo. That didn’t stop us from projecting Sin City as his eventual landing spot, but this will not be a cut-and-dry process for the Golden Knights. Pietrangelo also clearly wants to see the city and make sure that he and his family will be comfortable before signing what will very likely be the final contract of his NHL career. This is the first reported UFA visit of the off-season, but Pietrangelo is a player worth the extra time and effort. It remains to be seen whether it pays off for Vegas.

Blues, Alex Pietrangelo Discussing New Deal

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While word emerged last month that the Blues had advised their captain Alex Pietrangelo to test the open market, the two sides have re-engaged in conversations in the hours leading up to the opening of the market, reports Jeremy Rutherford of The Athletic (subscription link).  They have already lost the ability to offer him an eight-year deal, however, and are now capped at offering seven like any other team.

Rutherford cautions that no real progress has been made in talks at this point but it appears that St. Louis is willing to be more flexible in the structuring of their offer.  The team does not offer signing bonuses or no-move clauses but perhaps there is some wiggle room in that area now as they look to make a last-ditch effort to keep Pietrangelo.

With roughly $5MM in cap space to work with, St. Louis would need to clear out some salary to be able to afford to keep the 30-year-old around.  Rutherford reports that it’s believed teams are willing to take on the final year of Tyler Bozak’s $5MM deal but that the Blues would need to provide an incentive to clear out the center.  Justin Faulk’s $6.5MM pact for seven seasons could also be in play but again would require a sweetener to move.  Those options will only likely be considered if St. Louis can keep their top defender in the fold by getting Pietrangelo to sign on the dotted line.

West Notes: Golden Knights, Stars’ Injuries, Coyotes’ Changes, Samberg

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The Vegas Golden Knights seem to be a team that is being mentioned in multiple rumors for many pending unrestricted free agents despite having little to no cap room to speak of. The most recent one has the Golden Knights ready to pounce on St. Louis Blues star defenseman Alex Pietrangelo, who currently isn’t expected to re-sign with St. Louis.

David Schoen of the Las Vegas Review-Journal confirms that the Golden Knights are ready to go after the right-shot defenseman, who finished fourth in the Norris Trophy voting this year, assuming he reaches free agency on Oct. 9 and the team will deal with the salary cap juggling after that. Much of the reasoning comes from owner Bill Foley’s will to win and spend to the cap ceiling, while other teams are trying to refrain from that.

Of course, if Pietrangelo does opt to return to St. Louis or chooses another destination, the scribe notes there are other options for the team to upgrade on defense in free agency, including a pair of blueliners who spent time playing for head coach Peter DeBoer in San Jose, Brenden Dillon and Dylan DeMelo.

  • ESPN’s Greg Wyshynski reports that the five Dallas Stars’ players who were “unfit to play” for Game 5 are still unfit as of Sunday. Ben Bishop, Roope Hintz, Radek Faksa, Stephen Johns and Blake Comeau are all expected to miss Game 6 on Monday. A new player to monitor, however, will be defenseman Andrej Sekera, who is considered to be a game-time decision, according to NHL.com’s Mike Heika. Sekera missed half of the first period and all of the second period after blocking a shot during Game 5 Saturday. He did return for the third period, but forced himself to play through the pain.
  • Coyotes beat reporter Craig Morgan reports that the scouting cleanout in Arizona is continuing. The team, who recently fired scouting director Lindsay Hofford and assistant to the GM Jake Goldberg, has removed two more names in the front office. Phil McRae, director of North American Amateur Scouting and Mat Milbury, an amateur scout, are both no longer with the team.
  • Murat Ates of The Athletic (subscription required) writes that Winnipeg Jets defensive prospect Dylan Samberg’s ability to make the NHL squad out of training camp next season could be critical to the team’s playoff chances. Samberg, the 6-foot-4 defenseman out of the University of Minnesota-Duluth, is believed to be close to NHL ready, but might need more seasoning in the AHL. However, with just four defenseman under contract and little cap room to maneuver with, the scribe believes that the quicker that Samberg can get acclimated to the NHL pace could be critical for the team. While there is little worry about this defensive game, there are questions on how well his offense will translate over.

Morning Notes: Trade Bait, Pietrangelo, Draft Takes

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In a normal year, the NHL Entry Draft is usually a hotbed for trading action. The event normally takes place at least a week before free agency opens and brings the front offices of every team in the league into one room at the same time. This year might be different, but thanks to a flat cap and poor financial situations for several teams, the next two weeks may actually have even more trade action. With that in mind, Frank Seravalli of TSN released his latest Trade Bait board, which includes a snippet of each team’s current situation. Matt Murray remains on top of the list, with Pittsburgh Penguins GM Jim Rutherford essentially guaranteeing a move before the season begins.

Still, it’s the rest of the board that may draw interest. Nikolaj Ehlers has disappeared from it, for one thing, while Matt Dumba has climbed to the second spot. Stars like Oliver Ekman-Larsson, Patrik Laine and Kris Letang all fall in the top-ten, suggesting that it could be more than just depth moves coming around the corner.

  • Interestingly, the negotiating rights for Alex Pietrangelo also found a home on the board, just two weeks before the star defenseman hits unrestricted free agency. Perhaps that’s because of Pierre LeBrun’s latest for The Athletic, where he details the possibility of a sign-and-trade of the St. Louis Blues captain. Of course, these sign-and-trade moves basically never happen in the NHL, even if it could be a beneficial situation for all parties. As LeBrun notes, adding an eighth year onto Pietrangelo’s next contract (which only the Blues can do) would likely serve to reduce the cap hit for a new team. St. Louis could also get an asset out of the deal, but it still seems like a long-shot plan given the rarity of these moves in the hockey world.
  • Of course, in many of the trades made over the next few weeks, there will be a draft pick component as rebuilding squads try to accumulate talent on October 6. Corey Pronman of The Athletic writes about the prospects currently causing the biggest divide among scouts, with quotes from either end of the spectrum. For a player like Kaiden Guhle for instance, who is expected to go in the first round, one scout believes he can play 22 minutes a night in the NHL and the other believes he’s nothing more than a third-pairing defender. Guhle was ranked eighth among North American skaters by NHL Central Scouting after his breakout season with the Prince Albert Raiders.

NHL Announces First And Second All-Star Teams, All-Rookie Team

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Following the announcements of the final five NHL regular season awards, the league also revealed their three all-league rosters: the First-Team All-Stars, the Second-Team All-Stars, and the All-Rookie Team. Below are the 2019-20 honorees:

First All-Star Team (link)

G: Connor Hellebuyck, Winnipeg Jets
D: Roman Josi, Nashville Predators
D: John Carlson, Washington Capitals
LW: Artemi Panarin, New York Rangers
C: Leon Draisaitl, Edmonton Oilers
RW: David Pastrnak, Boston Bruins

The 2020 First-Team All-Stars are a historic group, the first time since the inaugural all-league honors in 1930-31 that all six honorees are first-time members of the team. Unsurprisingly, this team also covers most of the league’s major awards with Draisaitl taking home the Hart, Ted Lindsay, and Art Ross, Josi winning the Norris, Hellebuyck winning the Vezina, and Pastrnak earning the Rocket Richard.

Second All-Star Team (link)

G: Tuukka Rask, Boston Bruins
D: Alex Pietrangelo, St. Louis Blues
D: Victor Hedman, Tampa Bay Lightning
LW: Brad Marchand, Boston Bruins
C: Nathan MacKinnon, Colorado Avalanche
RW: Nikita Kucherov, Tampa Bay Lightning

The President’s Trophy-winning Boston Bruins finish with a league-best three players on All-Star rosters. Their division rival, and current Stanley Cup finalist, the Tampa Bay Lightning are the only other team with more than one inclusion on the all-star rosters. Noticeably absent from either all-star teams are future Hall of Famers Sidney Crosby of the Pittsburgh Penguins and Alex Ovechkin of the Washington Capitals. This is just the third time since 2005-06 that at least one of the pair have not been on a postseason All-Star team, while they have both have been selected in the same year eight times in the past 15 years.

All-Rookie Team (link)

G: Elvis Merzlikins, Columbus Blue Jackets
D: Cale Makar, Colorado Avalanche
D: Quinn Hughes, Vancouver Canucks
F: Victor Olofsson, Buffalo Sabres
F: Dominik Kubalik, Chicago Blackhawks
F: Nick Suzuki, Montreal Canadiens

The rookie elite, led by Calder Trophy-winner Makar, is an older group than usual. Merzlikins, Olofsson, and Kubalik, all 25 or older, played in Europe for a considerable amount of time before jumping to North America as a polished product, while Makar and Hughes each played a pair of seasons in the NCAA and Suzuki aged out of juniors before turning pro. Nevertheless, the first-year pros were all impressive and still have many  quality years ahead of them.

More On Alex Pietrangelo’s Pending Free Agency

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When news surfaced over the weekend that talks had broken off between the St. Louis Blues and captain Alex Pietrangelo, speculation exploded all over the hockey world trying to figure out where the star defenseman will play next season. Almost every team in the league could use a Norris-level right-handed defenseman who can play in all situations, but the list that could actually fit him into their salary cap structure doesn’t appear to be nearly as high.

That won’t stop fans from trying to find a way (as evidenced by CapFriendly’s Toronto Maple Leafs page getting a surge of traffic) and it won’t stop discussion over what Pietrangelo’s presence would mean to a team looking to change their defensive identity. Toronto, a team that has struggled for ages on the defensive side of the puck, also happens to be where Pietrangelo grew up and is getting plenty of press as a potential destination. Today, Andy Strickland of Fox Sports Midwest spoke with Carlo Colaiacovo on TSN radio and gave his thoughts on whether playing in Toronto could excite Pietrangelo:

I think it one-hundred percent does. 

You talk about pulling at the heart strings and the idea of playing there? I think that one-hundred percent exists. Now whether or not they can meet his demands–and again, Toronto is going to be competing with other teams to get his services.

You look at the signing bonus Toronto has paid at some of these other guys including Mitch Marner and Auston Matthews. The Blues don’t need to pay that kind of signing bonus money. When we talk about bonus money, he’s not looking for that level of bonus money from a team like St. Louis. But from a team like Toronto? Knowing they can afford to pay that? They’re going to have to pay bonus money in that range.

The entire interview is quite fascinating, given it takes place between someone who covers the Blues closely and someone who is close with Pietrangelo (Colaiacovo also played in St. Louis and was in his wedding party). Still, even with a lot of things pointing to the Maple Leafs entering the race for the pending free agent, it will be a difficult task for them to pull off.

Toronto isn’t in quite as dire of a cap situation as some seem to think, with more than $6MM in space and only two important restricted free agents to sign, but that doesn’t mean adding Pietrangelo is even a good idea. The team already has so much money tied up in the very top-end of their roster that adding another $8MM+ cap hit (the very low-end of what he’s expected to receive on his next deal) could potentially weaken their depth even further.

Kevin McGran of the Toronto Star argued against moving one of the team’s other top players in his latest column and Maple Leafs GM Kyle Dubas has never indicated a willingness to listen on names like Mitch Marner or Morgan Rielly. More likely, a move to land Pietrangelo would come at the expense of some names lower in the lineup like Andreas Johnsson or Alexander Kerfoot.

Past the Maple Leafs, there will be several other teams picking up the phone to contact Pietrangelo and Newport Sports on October 9th. In fact, Strickland suggested today that there actually may be some excitement from the defenseman to see what is out there for him.

I don’t think it truly comes down to the money. It does come down to how the deal is structured. At the end of the day I truly believe that Alex Pietrangelo, the idea of going elsewhere, of entering free agency, I think that excites him. I think he is interested in seeing what else is out there.

There is now less than three weeks until Pietrangelo and the rest of the class can start talking to new teams, when free agency opens on October 9.

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