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Should Vegas Corner Goalie Market?

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With the recent trade of Mike Smith to Calgary, the market for starting goaltenders is dwindling even further. An interesting dynamic for the Vegas Golden Knights as they choose their team will be whether they opt to select every quality goalie out there in order to flip them to other teams. There are quite a few available – Marc-Andre Fleury of Pittsburgh, Eddie Lack (and Cam Ward) of Carolina, Calvin Pickard of Colorado, Antti Raanta of New York, Petr Mrazek of Detroit, Roberto Luongo of Florida, Jaroslav Halak of the Islanders, Michal Neuvirth of Philadelphia, Peter Budaj of Tampa Bay, and Philipp Grubauer of Washington, with a few interesting prospects also exposed.  As we’ve seen in the past few seasons, dealing a goaltender for anything remotely resembling fair value can be an enormous challenge. The salary cap has really warped the value of a solid starting goaltender in a way that has not been totally beneficial to the players.

One down season and a tender’s value goes down quite heavily. The top ten goalies in the league always seem to find a home on the rare occasion they hit unrestricted free agency, but that has been a rare occurrence. Many might point to the 2010 Stanley Cup Final when they isolate a particular moment that the highly-paid goaltender became an oddity. In that Final, Michael Leighton, third-string for Philadelphia, faced off against the very pedestrian Antti Niemi, who was then  sacrificed for cap reasons. With the whole league watching, these teams ascended to hockey’s main stage with relative no names in the crease. While that moment may have been particularly damaging, the moment for me was the fiasco that was the Luongo and Cory Schneider trade saga in Vancouver, which lasted parts of 2 seasons. Then Canucks GM Mike Gillis had a terrible time finding a suitor for Luongo before finally being forced to ship Schneider off in the 2013 offseason for a 9th round pick. This too, was terrible value, considering that Schneider was one of the best young goalies in the league and coming off a scorching season where he had a .937 save percentage. This ordeal took place less than two years after Luongo had taken the team to its first Final since 1994. Granted, Luongo’s contract was considered a bit of an albatross, but it very publicly cemented the value of goaltenders on the trade market as minimal.

Looking forward to the present day, and the last two goaltenders have been traded for rather uninspiring returns. Arizona’s Smith only fetched a 3rd rounder, and Ben Bishop only netted a 4th from Dallas. GM George McPhee could end up hosting a goaltender buffet, with few paying customers. He would be wise to gauge the interest of other teams before deciding on their selections in net. They obviously want to draft a solid starter and a few young goaltenders as future cornerstones. They need to draft 3, and it’s difficult to envision them drafting less than 4 with the enticing names available out there. But if they decide to go into 5 or 6 goaltender territory, McPhee could manufacture a logjam that could be difficult to sort out. After all, only the WInnipeg Jets are truly desperate for a starting goaltender, and that’s assuming they don’t want one of Brian Elliott, Mike Condon, or another UFA to be their partner for Connor Hellebuyck. Philadelphia could be interested in a younger asset, and there are always teams who will desperately seek a starter mid-season when a keeper inevitably goes down to injury. That said, the market simply doesn’t favor the strategy of going all-in in net.

Pacific Notes: Foo, Tanev, Treliving

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The Union College standout Spencer Foo looks to be closing in on a decision as to where he will sign in the NHL. The right-winger netted an impressed 62 points in 38 games as a junior. An Edmonton native, he appears to be closing in on signing with the Edmonton Oilers, per Jim Matheson of the Edmonton Journal. He has also been linked to the Flyers, where he would almost certainly see a more favorable landscape when it concerns openings in the top-12 forward group. Foo, leading scorer of the Dutchmen, was announced as one of the 10 semi-finalists for the Hobey Baker award. The forward plays a gritty, greasy game and already appears to have embraced the physicality of an adult game. He has enough offensive upside to easily grow into a top-9 role.

  • Dallas is still on the hunt for a defenseman to aid newly acquired Ben Bishop, and according to Matheson have interest in Vancouver’s Chris Tanev. He only played 53 games last season, and struggled a bit alongside the rest of his Canuck teammates. Matheson ponders whether Dallas would be willing to move the #3 pick if more pieces were added, but this is difficult to imagine unless the addition is a far bigger get, probably including the Canucks’ own #5 selection. Second pairing defenseman are generally worth 2nd or 3rd rounders, whereas Dallas will have the opportunity to draft a real difference maker at their current position, conceivably standout defensive prospect Cale Makar. Dallas wants to compete now but the decision ultimately lies in Vancouver’s court.
  • Calgary has a large decision ahead of them, and it seems as though they could be the icebreaker on the goalie front. GM Brad Treliving has tough work ahead – the Flames seem intent on letting Brian Elliott go after his post-season struggles, and he’s arguably the best free agent goalie available. The team has been linked (with varying degrees of certainty) in trade talks to New York’s Antti Raanta and Pittsburgh’s Marc-Andre Fleury, and Arizona’s Mike Smith is a name that has been widely mentioned as available. Treliving will likely want to sort the situation out before July 1st when the pickings will get far slimmer. Peter Budaj and Mike Condon are options, but there will be other teams lobbying for their services.

Snapshots: Niku, Nill, Braunstein

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The Winnipeg Jets have signed seventh-round pick Sami Niku to a three-year entry-level contract. The Finnish defenseman broke out in Liiga this year, registering 27 points in 59 games while playing for Jyvaskyla. Niku has been praised for his mobility and offensive upside, but had trouble producing in a consistent manner before this season.

He’ll enter a Winnipeg Jets system that is fairly weak on the left side behind Logan Stanley, now that Josh Morrissey has graduated to the NHL. With some of the best right-handed depth in the NHL including newcomer Tucker Poolman, the Jets are likely ecstatic with Niku’s development. Should he come to North America next season, he’ll pencil in as one of the top defenders for the Manitoba Moose and try to adapt to the pro game here.

  • Jim Nill is standing by the contract for Ben Bishop according to Yahoo! Sports’ Greg Wyshynski. Nill admitted that in a perfect world he wouldn’t have had to give up six years, but is happy that Bishop wanted to make a commitment to his team. He also seemed confident that there will be opportunities to move one of his goaltenders this summer because of their expiring contracts, something that is necessary after committing to Bishop. As we wrote last week, the Stars do have several options to rid themselves of a goaltender, with Antti Niemi seemingly being the leading candidate for a buyout. Even with a long-term deal, Bishop will have a lot of pressure on him to help the Stars bounce back from a disappointing season. They’ll be looking not only to make the playoffs but to contend in short order, after leading the Western Conference in 2015-16.
  • The Vegas Golden Knights have hired Rick Braunstein away from the Arizona Coyotes as their new Director of Player Services according to Steve Carp of the Las Vegas Review-Journal. Braunstein was one of the Coyotes first hires after the move from Winnipeg, and had been with the franchise for their entire 21-year history. While not having an impact in personnel decisions, the Player Services role is an especially important one when it comes to Las Vegas, a city known for its endless temptation. Some of the hesitation by professional sports franchises for decades has been the worry that young, wealthy athletes will get into “trouble” in Vegas and the team will need a strong support system to stop it from happening; Braunstein represents some of that system.

Morning Notes: Maple Leafs, Eberle, Bishop

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The Maple Leafs took an impressive step forward in 2016-17, riding the backs of several rookies to their first playoff appearance in a full season since 2004. While they were ultimately defeated by the Washington Capitals, their fan base was enthused by the performance and expects big things from them over the next several years. James Mirtle of The Athletic (subscription needed) took a look at their salary cap situation, and proposes that the Maple Leafs should make a big splash this summer before they have to pay the likes of Auston Matthews, William Nylander and Mitch Marner more than their current entry-level deals.

Mirtle shows that the Leafs may have as much as $15MM to spend this summer and would be wise to invest it in short-term veteran help for the team to push them into contention immediately. Joe Thornton, Ilya Kovalchuk, Alexander Radulov all make hypothetical appearances among the Maple Leafs forwards, while the contention that a right-handed defenseman is still of the highest importance remains. Toronto, who holds the 17th-overall pick in the upcoming entry draft could theoretically use some of their prospect capital and cap room to be one of the biggest players in both free agency and the trade market this summer.

  • Jordan Eberle has become a sort of whipping-boy in Edmonton of late, after his play in the postseason took a sharp downward turn. Many fans have been clamoring for his head, wanting to ship him out for the next Adam Larsson. While obviously he still holds value following his 51 point season that included a fourth-straight 20+ goal effort, Eberle will be very difficult to move contends David Staples of the Edmonton Journal. Staples quotes TSN Head Scout Craig Button in the piece, agreeing that a $6MM cap-hit is no easy transaction. Staples writes that Buffalo, Vancouver and New Jersey—the same team that accepted a Taylor Hall deal last summer—would be interested in Eberle and hold the needed cap room for the next few seasons.
  • According to the venerable Renaud Lavoie for Le Journal de Montreal, the Stars actually pursued Scott Darling before acquiring Ben Bishop last week. Darling was the team’s first choice, but they wouldn’t part with the third-round pick it took for Carolina to finally lock down his negotiating rights. Darling signed a $16.6MM deal with the Hurricanes, while Bishop inked a six-year, $29.5MM contract with Dallas. It’s interesting to note that Darling is two years younger than Bishop, but received two fewer years on his contract. With an even lower cap-hit, Darling’s seems to be the much more attractive of the two deals, making the difference between a fourth—what the Stars eventually gave up for Bishop—and a third round pick seem more than acceptable.

Potential Buyout Options

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NHL fans are looking ahead to an offseason which will likely see a lot of movement, but will also feature teams tight up against a stagnant cap ceiling. Buyouts are always an option teams will weigh, although certainly an avenue of last resort. Dumping a contract isn’t as simple as taking the player’s salary off the books. They will count as 1/3 or 2/3 of the original cap hit, for twice the remaining years on that contract. So if a 26 year old player has two years remaining at $3 MM, he will cost $1 MM for four years against the team’s cap total. That means a substantial savings of $2 MM, but is a habit GMs will not want to fall into. For players over 26, the 2/3 rule applies, and that same player would count for $2 MM each of the next four seasons. In such a scenario, the savings are rarely worth it. However, teams can be backed into this corner when trade options completely vanish.

For the 2017 offseason, there is an extra component at play – the expansion draft. Players with full No-Movement Clauses must be protected by their team, exposing potentially better, younger, cheaper options to selection by the Vegas Golden Knights. Prior to the expansion draft, on June 15-17th, there will be a buyout window. Consequently, there will most likely be at least one case where a player who otherwise would not have been bought out will be due to a team’s long-term prospects. This certainly isn’t what the NHLPA had hoped for when they agreed to another 20+ players in the league with the expansion of Vegas, but is an unfortunate unforeseen consequence. Here are just some of the players who could be facing the buyout option this summer:

 

Antti Niemi – Dallas Stars

Both Niemi and fellow goalie Kari Lehtonen should be expecting this fate. With Ben Bishop signing a massive six-year contract with Dallas, their time as starters in this league look all but complete. Both are paid an asburd amount of money, but Niemi’s $4.5 MM is the more unpalatable total. His .892 save percentage through 37 games this year was only edged in ineptitude by Michal Neuvirth among tenders who got more than 15 starts. At his pricetag he is virtually unmoveable, and with only one year remaining on his contract, the hit would be worth it for 2 seasons to keep him away from the team.

Kevin Bieksa – Anaheim Ducks

Bieksa might seem an odd inclusion on this list, considering his age, but it should be remembered that he has a No-Movement Clause, meaning he would need to be protected by the Ducks. Needing to also protect Sami Vatanen, Cam Fowler, and Hampus Lindholm, even under the 8 player protection model, this would likely expose Josh Manson. Considering his play in this post-season, and Bieksa’s complete inability to remain healthy, this is a darkhorse candidate for a last-minute buyout. Bieksa’s Corsi is the worst on the backend for his team and his skating has looked quite problematic of late. The flare of his Vancouver days seems long past and with only one year remaining at $4 MM, he seems an easy target to eliminate.

Scott Hartnell – Columbus Blue Jackets

Hartnell is considered a gutsy character player, a net-front presence, and a veteran leader. However, he has seen his production shift from being that of a decent offensive threat (28 G, 32 A in 2014-15) to an average third liner (13 goals, 24 A in 2016-17). His problems run deeper, though, as his brand of physical hockey has taken its toll on his play. No longer quite the intimidating wrecking-ball of his Philadelphia days, Hartnell is not as effective on the forecheck as he once was. The reason he is included on this list, however, is because Columbus has a lot of young, promising players they will wish to protect in the expansion draft, and Hartnell has a No-Movement Clause. At 34 years old and in a quickly diminishing role, it will be difficult for GM Jarmo Kekalainen to save a space for Hartnell. With toughness adequately filled by hard-nosed forwards in Brandon Dubinsky, Boone Jenner, Nick Foligno, and Brandon Saad, he seems even more superfluous. Assuming Dubinsky (NMC), Brandon Saad, Jenner, Foligno (NMC), Cam Atkinson, and Matt Calvert are protected, Hartnell’s inclusion would sacrifice the 24 year-old William Karlsson. That’s a difficult concession for the Jackets to make, even if the youngster took a step back offensively this season. If they would opt to buy out Hartnell’s contract at $4.75 MM, it would mean $3.16 MM in dead space for 4 more seasons, a hefty pill to swallow.

 
There are certain to be other candidates for buyouts as well, but these are three that could easily find themselves looking for a new contract come June 18th.

High Likelihood Of Free Agent Class Shrinking Further

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Let’s state the facts: the 2017 unrestricted free agent class is really weak. Even before the season started it wasn’t full of household names, but with Brent Burns, Patrik Berglund, and, most recently, Ben Bishop agreeing to extensions already, the list has shrunk even further. The 2017 class has few impact players available, so much so that the New York Islanders easily have single-handedly deprived the rest of the league of three of the top fifty free agents simply by re-signing the likes of Thomas Greiss, Dennis Seidenberg, and Cal Clutterbuck.

Unfortunately, the trend of teams retaining their own talent and further forecasting a dull summer may not be done. The Washington Capitals have four of the best free agent names out there in T.J. Oshie, Kevin Shattenkirk, Karl Alzner, and Justin Williams and even given their tight cap space, it is reasonable to assume that at least one or two of that group will re-up with the President’s Trophy winners. Initially, many felt that the San Jose Sharks would not bring back both of their aging stars, Joe Thornton and Patrick Marleau, and possibly even neither. However, after a strong season from career-Shark Marleau, the team will likely look to retain him, and with Thornton turning 38 soon and facing significant injury questions, he simply might take a hometown discount to stay in San Jose as well. In Montreal, revelation Alexander Radulov and key veteran Andrei Markov are impending free agents, but many assume in name only as handshake agreements seem to have been made on new deals following the Expansion Draft. Anaheim Ducks trade deadline acquisition Patrick Eaves has been a great fit and has expressed an interest in extending his stay. Same goes for Drew Stafford and the Boston Bruins. Even veterans like Radim Vrbata, Mike Fisher, and Jaromir Jagr seem likely to stay put in their current homes.

This does seem to be an awful lot of deals to be made in less than two months before free agency opens on July 1st, but don’t rule it out. Many teams are wary of the Expansion Draft ramifications of re-signing their impending free agents too early and may instead act swiftly in the waning days of June. Most, if not all, of these names could be off the table by the time free agency opens. Could we be looking at a free agent class highlighted by the likes of Sam Gagner, Martin Hanzal, and Michael Del Zotto? Let’s hope not.

Hindsight Bias: The Best And Worst Of Trade Deadline Day

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With the conference championships underway, we’re left with just four teams remaining in the hunt for the Stanley Cup. For the rest, they can take a look at the major trades made up to and on March 1st this year and gauge whether they were a mistake or a success. It’s somewhat of a mixed bag this year, with no deadline acquisition fueling their team to postseason dominance and no scapegoat whose underwhelming performance is to blame for an epic collapse. With that said, over two months later, it is safe to say that there were some clear winner and loser trades at the 2017 NHL Trade Deadline.

Winner: Anaheim Ducks – Patrick Eaves

Eaves has quietly been one of the most consistent contributors in the NHL this season and that did not change when he moved from the Dallas Stars to the Ducks ahead of the deadline. A versatile, two-way winger, Eaves has fit in well in Anaheim as is the lone major deadline addition who is still playing in the conference championships. After scoring 37 points in 59 games with the Stars, about .63 points per game, he registered 14 more in the final 20 regular season games for the Ducks, boosting his scoring to .7 points per game down the stretch in his new home. He even has two goals and two assists in seven playoff games, despite battling injuries. Anaheim may be down 1-0 in their pursuit of the Campbell Bowl and a Stanley Cup berth and their postseason success has bumped the price for Eaves up from a 2017 second-round pick to a first-rounder, but with a one in four chance at a title and a chance to re-sign Eaves, the Ducks cannot be more pleased with how this deal has played out thus far.

Loser: Minnesota Wild – Martin Hanzal

A team that is not so happy with their first-round investment is Minnesota. The Wild had been one of the best teams in the league all season long when they surprised many by acquiring one of the top trade deadline targets in Hanzal. The power forward performed admirably post-trade, putting up half as many points as his season total in Arizona in less than half as many games, 26 in 51 versus 13 in 25. He even added a playoff goal. However, his time in the playoffs, by no fault of his own, was much shorter than expected. The Wild were upset by the St. Louis Blues in five games and just like that they’re Stanley Cup hopes were gone. Falling so short despite high expectations makes the cost of adding a piece that didn’t matter much more difficult to swallow. Minnesota owes the Arizona Coyotes a top pick this season and a second-rounder next season plus another conditional pick and prospect, with little to show for the price.

Winner: New York Rangers – Brendan Smith

While the Rangers were underwhelming in their semi-final series against the Ottawa Senators, one many expected them to win, their exit is still not all that surprising given their status as a wildcard seed. Helping them to upset the Montreal Canadiens in Round One and take the Senators to six games was deadline acquisition Smith. While some initially mocked the deal – a 2018 second-round pick and 2017 third-round pick for a defenseman with just five points – Smith proved to be an excellent fit in New York. He scored four points in 18 games with the Rangers and also played better in his own end, earning him more play time. A disappointing start to the season in Detroit for the career-Red Wing quickly turned into a career revival with impressive play for his new squad. The postseason brought yet another four points and continued high-level play for Smith. Unfortunately, perhaps his worst game as a Ranger came in the elimination loss to the Senators when he was exposed on defense multiple times. Yet, in the big picture he was a success in New York. There is no word yet on whether there is mutual interest between both sides in an extension, especially since the Rangers carry many expensive blue line contract, but regardless this deal has to be considered a win for the Blueshirts.

Loser: Los Angeles Kings – Ben Bishop

Bishop may be happily settling in to his new home in Dallas after signing a nice six-year deal, but his time in Los Angeles did little to help him secure that contact. The Kings and the keeper were strange bedfellows to begin with, as now ex-GM Dean Lombardi traded red-hot backup goalie Peter Budaj, 2015 second-round defenseman Erik Cernak, and a 2017 seventh-round pick to the Tampa Bay Lightning for Bishop, just as starter Jonathan Quick was returning to health. The Kings needed scoring, not better goaltending, if they wanted to make the playoffs, but ended up with neither from the Bishop trade as he picked up only two wins in seven appearances with L.A. and posted just a .900 save percentage. The Kings finished 10th in the Western Conference and eight points out of a playoff spot, not even all that close to a berth, and now need to find a new backup goalie for 2017-18. The Bishop trade makes as little sense now as it did then and undoubtedly figured in to Lombardi’s firing.

Winner: Boston Bruins – Drew Stafford

The Bruins may have lost in the first round of the playoffs, but they likely wouldn’t have if four of their six starting defenseman didn’t miss all or most of the series. Even with those major injuries, the Ottawa Senators still had a difficult time eliminating the Bruins and Stafford was a thorn in their side with two goals and consistent two-way contribution. Add in four goals, matching his total earlier in the season with the Winnipeg Jets, and four assists in 18 regular season games as well as an outstanding +8 rating, and Stafford was an excellent addition for Boston. Acquired for just a sixth-round pick, Stafford was easily the steal of the trade deadline and ongoing talks of an extension would only add more value to a shrewd deal by GM Don Sweeney. 

Loser: Florida Panthers – Thomas Vanek

Vanek was having a great season for the Detroit Red Wings when the Trade Deadline rolled around. He had 38 points in 48 games and was sniping with accuracy unseen over the past five years. When the Florida Panthers struck a deal to acquire that level of talent for just a 2017 third-round pick and struggling prospect Dylan McIlrath, there was a consensus that they had won the trade considering the affordable cost. Yet, the counter to that argument was that, even if he maintained the same rate of production, Vanek alone was likely not enough for the Panthers to make the playoffs. In the end, that proved to be true. Vanek’s scoring dropped off to just two goals and ten points in 20 games and his shooting percentage fell almost ten points, but even if it hadn’t, the Panthers wouldn’t have qualified for the postseason. They finished 13th in the Eastern Conference, 14 points shy of a playoff spot. At the end of the day, acquiring the impending free agent and missing the playoffs by that much was simply a waste of a third-round pick for a team that is still building.

Loser: New York Islanders – No One

The idea that you can’t lose at the Trade Deadline if you don’t make a deal is incorrect. Case in point: the 2016-17 Islanders. New York ended up missing the postseason by just one point and their playoff hopes were alive up to the final day of the season. Had the Isles made a trade, even a small one, that could have won them one more game down the stretch, they might have been a playoff team after all. Given their need to convince star John Tavares to stick around, the Islanders should have been more willing to do something – anything – to transform into a playoff team.

Reactions To Bishop Signing

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One of the bigger names has taken his name off the open market as Ben Bishop, who arguably would have been the top option for teams looking for goaltending help, has inked a six-year agreement to remain with the Dallas Stars. Of course the Stars had acquired the veteran netminder earlier this week, sending a fourth-round draft choice to Los Angeles to secure exclusive negotiating rights to Bishop. The club and Bishop concluded negotiations fairly quickly and it’s evident given the terms of the arrangement that both parties believed this was a perfect match. Dallas clearly feels they’ve solved their longstanding issues between the pipes and Bishop has decided he wants to be a Star for what should amount to be the rest of his career. Let’s check in on reactions from around the league on the deal.

  • Mike Heika of the Dallas Morning News calls the deal “team friendly” considering the cap hit comes in under $5MM annually. Bishop accounted for almost $6MM per season on the soon-to-expire contract he signed with Tampa Bay two years ago and likely could have exceeded that number had he reached the open market. Instead he chose the security of a long-term deal with a Dallas team he feels is “primed to win now.” Heika goes on to write that Dallas is expected to go with a Bishop-Kari Lehtonen duo in goal, suggesting that the team will likely buy Antti Niemi out if they can’t find a trade partner for his services. That plan doesn’t come without its flaws as the Stars would have more than $12MM tied up in its goaltenders for 2017-18; a figure that accounts for roughly 17% of the salary cap. While goaltending was certainly the team’s Achilles heel last season, the Stars will also likely be on the lookout for a blue line upgrade this summer. Even after extending Bishop and with Niemi still on the books, Dallas will have roughly $15MM to spend and that should be enough to bring in some competent help on the back end.
  • TSN’s Scott Cullen takes a look at the deal through the lens of statistical analysis and concludes that Dallas is taking a risk while betting big on Bishop. Using Corsica Hockey’s “expected goals” metric, Cullen notes that Bishop ranks 23rd of 54 goalies to have played in 80 games over the last four seasons in expected goal differential per 60 minutes and in all game situations. Ironically, incumbent starter Kari Lehtonen ranked slightly higher than Bishop using that metric. Cullen also cites Bishop’s age – he’ll turn 31 in November – as a concern given the overall length of the pact. Additionally, even with an expected Niemi buyout, Cullen argues that the Stars “goaltending fiasco has been expensive.”
  • Lastly, Jared Clinton of The Hockey News writes that the Calgary Flames, one of the teams expected to show strong interest in Bishop had he reached free agency, still have plenty of options as they look to upgrade their goaltending situation this summer. Clinton lists Detroit’s Jimmy Howard, Pittsburgh’s Marc-Andre Fleury and the Islanders Jaroslav Halak as potential trade targets. Additionally, the scribe mentions Steve Mason as a possible free agent fit. Interestingly, Clinton also suggests re-signing Brian Elliott, writing: “Elliott had been so very good over the three seasons prior to coming to Calgary that it’s hard to imagine he’s going to struggle as mightily once he takes the ice in 2017-18.” He also points out that Elliott’s poor 2016-17 would conceivably lower his asking price, making the veteran netminder the least expensive option on the market. That’s no small consideration for a Calgary team that rarely spends to the salary cap ceiling and may want to allocate their resources to upgrade other positions as well.

Ultimately, the Flames best bet may be to re-sign Elliott on the cheap and bring in another veteran on a short-term deal, perhaps Mason, to compete for the #1 job. Mason, who has battled inconsistency and injury during his career, has displayed flashes of being an excellent goalie at times. Given his up-and-down play, the former Calder Trophy winner should be amenable to a one-year, prove-it type of contract. Elliott, meanwhile, has been at his best in a timeshare situation and could again thrive while competing against a veteran such as Mason.

Ben Bishop Signs Six-Year Contract With Dallas Stars

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Newly acquired goaltender Ben Bishop has signed a deal with the Dallas Stars. The contract will be for six years and come in at a total of $29.5MM ($4.92MM AAV). The Stars received Bishop in exchange for a fourth-round pick on May 9th, and were immediately said to have common ground on a future contract. Bishop would have been an unrestricted free agent this summer should he have made it to July 1st.

Like Carolina, who dealt for Scott Darling before quickly signing him to a long-term deal, the Stars were not willing to wait around to address their goaltending issues this summer. Instead, they were proactive going after one of the top free agents and seem to have gotten their man without having to fight off any other teams. "<strong

While this contract may seem like a bargain at the low cap-hit, six years is a lot to give to a goaltender who will turn 31 in November. While he clearly has the talent to be an elite netminder in the NHL, this is a big gamble by the Stars that could backfire quickly. Any contract guaranteed the Stars will make another move—whether it be a buyout or trade—of one of their other goaltenders. Kari Lehtonen and Antti Niemi already cost the team over $10MM combined, and a new contract for Bishop would make them both expendable.

Bishop is coming off a two-year deal that paid him $5.95MM per season, and though his first season was well worth it this year saw a downturn in his play. As the Lightning leaned further toward Andrei Vasilevskiy as their starter, Bishop recorded only a .911 save percentage and dealt with injury. After a mid-season deal to the Los Angeles Kings, he performed even worse stopping just 90% of the shots faced.

This deal puts him in line with goaltenders like Jimmy Howard, Jaroslav Halak and amazingly, Niemi in terms of cap-hit. While it also comes close to Frederik Andersen’s deal from last summer with the Maple Leafs, Andersen was much younger when he inked his five-year pact. Bishop will play most of the final season on this contract at 36, an age few goaltenders make it to as starters.

The contract is broken down as follows:

2017-18: $7MM, NMC
2018-19: $6.5MM, NMC
2019-20: $5.5MM, NMC
2020-21: $3.5MM, modified-NTC
2021-22:$3.5MM, modified-NTC
2022-23: $3.5MM, modified-NTC

The front-loaded nature of the deal also poses a problem for the Stars, should they ever need to use a buyout on Bishop as he ages. With a low salary in the final few years, a buyout wouldn’t provide as much cap relief for the team, though the change to a modified no-trade clause (though details have not yet been released) could provide an avenue of escape.

Regardless of the risk involved down the road, Bishop will immediately have a big responsibility on his shoulders, trying to bring the Stars back to the promised land after a disaster season. The team will have two first-round picks to add to the stable, allowing a quick injection of talent to a roster that should already be competing for the playoffs.

Pierre LeBrun of TSN was first to report the deal was close, and also provided the first financial details.

Photo courtesy of USA Today Sports Images

Options For Dallas Stars With Current Goaltenders

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When the Dallas Stars traded a fourth-round pick for the negotiating rights to Ben Bishop yesterday, they made it clear that their is to be a change in goaltending in Texas. The duo of Kari Lehtonen and Antti Niemi hasn’t fared well enough, and missing the playoffs again in the primes of Tyler Seguin and Jamie Benn is unacceptable. Bishop still needs a new contract, but all signs point to the two sides already having some common ground. Antti Niemi

So the Stars now face another decision, what do to with Lehtonen and Niemi. Their respective cap-hits of $5.9MM and $4.5MM are both extremely high for a backup, making each of them a target for buyout or trade. While they have just one year remaining on their deals, if Dallas wants to be in contention for other free agents this summer, moving both and acquiring a cheaper backup for Bishop would be the best outcome. Let’s look at some of the ways the Stars could rid themselves of one or both goaltenders.

Trade

While neither goaltender is worth the salary he currently earns, there may be options around the league of teams willing to eat the contract for a year in order to bring in another asset. If Dallas is willing to retain some of the salary, it would open up even more of these options. Teams like Vancouver, New Jersey or even Los Angeles could take on a reduced-price goaltender along with a pick to rid Dallas of the headache. Remember that the Stars can retain up to 50% of the contract, and could technically do it with both goaltenders if they found suitors.

Though this option will definitely be explored, it still seems unlikely that the Stars will find a team willing to do it. Most potential trade partners will realize the bind that Dallas is in, and may demand too high a price just to take on the contract. It’s doubtful the Stars will want to damage their future any further when other exit plans exist.

Expansion

Perhaps the longest of shots, the Stars could use Vegas as a landing spot for one of the two goaltenders. It’s clear that the Golden Knights would not want to select either of them in the draft over some of the other available Dallas players, but like a rebuilding club could accept an asset as incentive to pick one. The biggest sticking point here is the amount of excellent goaltending options available in the draft, and whether or not Vegas sees this opportunity as more valuable than taking another one of them.

Buyouts

Should the Stars decide that a buyout is the only option, the terms would look like this (via CapFriendly).

Lehtonen:

2017-18 – Cap hit $2.57MM, Savings $3.33MM
2018-19 – Cap hit $1.67MM, Savings -$1.67MM

Niemi:

2017-18 – Cap hit $1.5MM, Savings $3.0MM
2018-19 – Cap hit $1.5MM, Savings -$1.5MM

While neither of these options are perfect, as they mean you’re paying them for an extra season it does give them immediate relief while not sacrificing an additional asset. It’s the most likely outcome of the three, with Niemi being the leading candidate for it. The first buyout window opens on June 15th, meaning that the Stars will have a couple of days to decide what to do before their expansion draft protection lists are due. Should they be unable to find a taker for one of the contracts, they might just have to bite the bullet and pay one of their current goaltenders not to play for their team.

Photo courtesy of USA Today Sports Images

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