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Nashville Predators Sign Gustav Nyquist

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Winger Gustav Nyquist has signed a two-year deal with the Nashville Predators worth $3.185MM per season, reports Sportsnet’s Elliotte Friedman.

In a surprise twist to free agency day that not many expected, the Predators continue to pull in talent to fill out their NHL roster. One of the more unheralded players in the league, Nyquist is an above-average middle-six option for most teams. Finishing off a four-year, $22MM contract signed with the Columbus Blue Jackets back in 2019, Nyquist finished his year with the Minnesota Wild after being acquired at the deadline.

Hampered by injuries last season, Nyquist made a great return to the NHL, scoring five points in his last three games of the year. Following the Wild into the 2023 Stanley Cup playoffs, Nyquist scored another five points, all assists, in the team’s opening-round matchup with the Dallas Stars.

The signing of Nyquist gives the Predators an incredible amount of flexibility headed into next season. The new General Manager of the team, Barry Trotz, has already indicated that he plans on the team giving much more ice time to some of their younger players. However, if those players don’t play up to expectations this season, Nyquist is an option on the wing that can play on the team’s top three lines.

Florida Panthers To Sign Kevin Stenlund

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The Florida Panthers are acquiring free agent forward Kevin Stenlund on a one-year deal worth $1MM, says Sportsnet’s Elliotte Friedman.

Stenlund is a 26-year-old 2015 second-round pick who spent last season as a member of the Winnipeg Jets organization. He spent most of the year in the NHL with Winnipeg, scoring six goals and nine points in 54 games. At the AHL level he scored at a higher rate, posting 14 points in 19 games.

A big-bodied forward with the ability to play center or along the wings, Stenlund’s most valuable contributions to the Jets last season were on the penalty kill, where he was a regular face. He’ll be able to contribute there for the Panthers, which is an important point given how much time the Panthers spent on the penalty kill last season.

While there isn’t much offense in his game, adding a penalty-killing specialist at a $1MM cost is a move that makes a lot of sense for a team that needs to target improvements to their short-handed units with their depth signings.

Tampa Bay Lightning Sign Conor Sheary, Four Others

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The Tampa Bay Lightning are signing forwards Conor Sheary and Luke Glendening to bolster their bottom six, Sportsnet’s Elliotte Friedman reports. The team announced a three-year, $2MM per season contract for Sheary. Glendening’s contract is two years at $800K per season, according to the Tampa Bay Times’ Eduardo A. Encina. They’ve also added netminder Jonas Johansson on a one-year, league-minimum deal.

They’ve also signed 2016 first-round pick Logan Brown to a one-year, two-way $775k contract, as well as forward Mitchell Chaffee to the same deal.

Heading into today’s free agency, and with the cap space situation at hand for the team, these are exactly the type of moves that Tampa was expected to make. Sheary and Glendening ultimately improve the bottom six lines, while Johansson gives the team a quality third-string backup option.

With Sheary, the Lightning should get tremendous value out of this signing. Over the last two seasons playing for the Washington Capitals, Sheary has scored 34 goals and 46 assists in just under 160 games. He became an exceptional middle-six option for the Capitals and should do the exact same in Tampa Bay.

In Glendening, the Lightning had a player that will undoubtedly help with the team’s possession numbers. Over the course of his 10-year career, Glendening has averaged a 55.7% faceoff percentage, while averaging a whopping 58.9% with the Dallas Stars alone. Already garnering a defensive unit that is one of the league’s best at moving the puck, the team will benefit greatly from having Glendening take important faceoffs.

Next, Johansson gives the team insurance if one of their regular goaltenders goes down with an injury. Spending last season primarily playing for the Colorado Avalanche’s AHL affiliate, the Colorado Eagles, Johansson sported a .920 SV% and a 2.33 GAA, helping lead his team to the 2023 Calder Cup playoffs. The Lightning are still expected to sign a more stable backup behind Andrei Vasilevskiy for the 2023-24 NHL season.

Finally, Brown adds an intriguing former top prospect for the Lightning’s development team to get their hands on. Injuries have laid waste to Brown’s development path so far but he’s been a difference-maker at the AHL level and perhaps Tampa Bay thinks they can unlock some of his upside at the NHL level.

Nashville Predators To Sign Ryan O’Reilly

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The Nashville Predators have made the biggest splash of the day so far, signing former Conn Smythe Trophy winner Ryan O’Reilly to a four-year contract worth $4.5MM per season, according to Sportsnet’s Elliotte Friedman.

While many expected the trade of Ryan Johansen to Colorado and yesterday’s Matt Duchene buyout to signal a rebuild-like direction for Nashville under new GM Barry Trotz, today’s signings of O’Reilly and defenseman Luke Schenn suggest otherwise.

At 32 years of age, adding a Conn Smythe winner in Ryan O’Reilly is firmly a win-now signing. O’Reilly is at his most valuable in the postseason, and is talents would be wasted on a club building for some distant future rather than an immediate playoff run.

O’Reilly has long been regarded as one of the top two-way centers in hockey, though his form in St. Louis earlier this season did raise some concerns about how his offense will age as he gets deeper into his thirties. O’Reilly scored 58 points in 2021-22 but just 19 in 40 games to start the year with the Blues.

He did fare much better after a mid-season deal to Toronto, so Nashville will undoubtedly be hoping that his Toronto form is more indicative of what they’ll be getting for the next four years.

If nothing else, the addition of O’Reilly will be a huge benefit to the Predators’ current crop of inexperienced young centers, such as Cody Glass, Juuso Parssinen, and Thomas Novak. If O’Reilly can help those pivots grow into quality NHLers while also playing up to the standard he’s established throughout his career, a $4.5MM price tag will feel like a bargain.

Photos courtesy of USA Today Sports Images

Washington Capitals Acquire Joel Edmundson

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The Washington Capitals are close to solidifying their defense corps. Per Sportsnet’s Elliotte Friedman, they’re working on a deal to acquire left-shot Joel Edmundson from the Montreal Canadiens. Per TSN’s Darren Dreger, Montreal is receiving draft picks in return. Those picks are a 2024 third-round pick and a 2024 seventh-rounder. The Canadiens are retaining 50% of Edmundson’s $3.5MM cap hit as part of the deal.

This is a trade that’s easy to like from both sides of the equation. For Washington, they get to add an accomplished veteran defenseman who is both a respected stay-at-home blueliner as well as a valued locker-room leader. While he’s had injury issues crop up more recently during his tenure in Montreal, Edmundson is a Stanley Cup champion with significant playoff experience.

He’s provided the Canadiens with steady play and at times a ferocious net-front presence. He’s likely a better fit on a bottom-pairing with penalty-killing time than he is as a bona fide top-four player.

Thankfully in Washington they have the type of defensive depth that will allow new head coach Spencer Carbery to utilize Edmundson how he prefers.

With Rasmus Sandin and Martin Fehervary already penciled into slots on Washington’s left side, Edmundson is likely to pair with Trevor Van Riemsdyk, giving Washington a bulletproof third-pairing that Carbery can deploy in high-leverage defensive situations. With 50% retention, it’s hard to argue at the draft pick cost for the Capitals.

As for Montreal’s side of the equation, it undoubtedly hurts to lose Edmundson’s locker room leadership for their young team. But Montreal has a crop of young blueliners that’ll need ice time to develop, and with Jordan Harris, Arber Xhekaj, and Kaiden Guhle all left-handers, not to mention veteran Mike Matheson, there simply wasn’t room for Edmundson if the priority in Montreal is player development.

By retaining salary, Montreal gets the best possible draft compensation to further their rebuild, while also clearing space for their growing group of promising young blueliners.

Photos courtesy of USA Today Sports Images.

Cam Talbot Expected To Sign With Kings

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It appears that the Kings have their backup goalie.  Early this morning, Sportsnet’s Elliotte Friedman reported there was a chance Cam Talbot would wind up with Los Angeles and it appears that will be the case as ESPN’s Kevin Weekes reports (Twitter link) that the veteran will sign a one-year deal with the Kings.  Friedman also reports the deal is worth $1MM plus performance bonuses. TSN’s Pierre LeBrun clarifies the base salary is $775K, plus a $225K signing bonus and a $1MM bonus if Talbot plays 10 games.

The 35-year-old spent last season with Ottawa after indicating he wasn’t thrilled about the possibility of playing in a timeshare situation with Marc-Andre Fleury.  Unfortunately for Talbot and the Sens, things simply did not go well for him.  He battled injuries throughout the season and when he was healthy, he didn’t put up his best numbers, posting a 2.93 GAA along with a .898 SV%, numbers that are considerably worse than his career averages of 2.65 and .914 respectively.  When the Senators acquired Talbot, they hoped it could be the beginning of a longer-term relationship but after early extension talks went nowhere, they eventually declined to offer him a contract after the season.

Despite the poor showing last season, there’s reason for optimism for Los Angeles as Talbot posted a save percentage no lower than .911 in the previous three campaigns.  Accordingly, they feel that this could be just a blip on the radar.

They will be counting on Talbot to play a bigger role than he has had in recent years.  At the moment, Pheonix Copley is the incumbent backup after signing a one-year, $1.5MM deal back in February.  However, Copley’s career high in NHL games played in a single year is 37, set last season.  For most of his career, he has been a backup or even a third-string option.  As a result, the Kings will be counting on Talbot to be the strong-side option of their platoon.

While Talbot has long wanted to be a true starter, that opportunity hasn’t come along too often since leaving Edmonton back in the 2018-19 campaign.  Since then, he has only reached Copley’s 37-game mark once.  Barring another NHL goalie being signed, Talbot will have the opportunity to push for the true number one job in the hopes of creating a strong market for himself next summer.  At a minimum, it wouldn’t be surprising to see the Kings add a veteran third-string option to play the role that they originally envisioned for Copley last season, giving them an experienced third netminder to turn to if need be.

In the meantime, this pushes Joonas Korpisalo, who played a key role for them down the stretch and in the playoffs, to the open market where he’ll be one of the top options on the board.

Snapshots: Granlund, Wheeler, Canadiens

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Taylor Haase of DKPittsburghSports is reporting that the Pittsburgh Penguins are not going to buyout Mikael Granlund before the 5pm buyout window later today. Granlund has had his name thrown around for weeks as a player that was likely to bought out, but it appears he will remain with the Penguins barring a trade, or a buyout in the second buyout window should one open for Pittsburgh.

Granlund was acquired on trade deadline day by previous Penguins general manager Ron Hextall and did not fit in well with the club. After posting 36 points in 58 games with the Nashville Predators, Granlund was traded to Pittsburgh for a second-round pick and put up just a goal and four assists in 21 games as the Penguins failed to qualify for the playoffs. If he does remain with the Penguins, it’ll be interesting to see how head coach Mike Sullivan deploys the 31-year-old as he was not a fit in the Penguins bottom-6 and the recently acquired Reilly Smith is expected to take their vacant left-wing spot on the second line.

Some more snapshots from around the league:

  • Elliotte Friedman of Sportsnet tweeted that recent buyout recipient Blake Wheeler would prefer to play for an Eastern Conference team to have a new experience and less travel. The news comes from Wheeler’s agent Matt Keator and it makes sense given Wheeler’s age and his family considerations. The former Winnipeg Jets captain is a free agent for the first time and should have several teams to consider given that is coming off a season in which he posted 16 goals and 39 assists in 72 games.
  • Eric Engels of Sportsnet is reporting that he expects the Montreal Canadiens to be quiet in free agency as the team has a lot of players that they would like to move to open roster spots for their younger prospects. While Engels jokes about Canadiens’ general manager Kent Hughes putting his phone on silent, he does concede that the Canadiens could add a player if they fit into both the short-term and long-term parts of their rebuild plan. He mentions Mike Hoffman, Joel Edmundson, and Christian Dvorak as players Montreal would like to move on from and given that all three are veterans on expensive cap hits it does seem unlikely for the Canadiens to acquire more of that through free agency.

Nashville Predators Buy Out Matt Duchene

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The Nashville Predators have made a massive decision, choosing to buy out forward Matt Duchene’s contract according to Sportsnet’s Elliotte Friedman.

Duchene had three seasons remaining on the $8MM AAV free-agent contract he signed a few years ago. Now, they’ll save $5.44MM against the cap this season, $2.44MM next season, and $1.44MM the season after at a cost of $1.55MM from 2026-27 through 2028-29.

Here’s what Duchene’s cap hit will be, post-buyout, on Nashville’s books:

2023-24: $2.56MM
2024-25: $5.56MM
2025-26: $6.56MM
2026-27: $1.56MM
2027-28: $1.56MM
2028-29: $1.56MM

This move comes as a bit of a surprise seeing as Duchene was a 43-goal, 86-point scorer just one season ago. The 32-year-old’s production declined to 22 goals and 56 points in 71 games this past season, but while not exactly worth an $8MM cap hit those numbers are nothing to scoff at either.

That’s solid second-line production, but with the youth movement the Predators are hoping to have up front it’s understandable that they’d want to prioritize making room for younger players to be placed in premium offensive positions.

Duchene was signed to give Nashville the top-line center they’d been craving since the franchise’s inception, but shortly after signing it became clear that Duchene was most effective playing the wing.

The Predators’ dream of a deep center corps featuring Duchene, Ryan Johansen, and Kyle Turris lasted just one season, and now all three players are no longer Predators.

Two of those players were removed from Nashville’s roster via a buyout, and in 2024-25 Nashville will have $11.55MM of cap space tied up in dead money for the Turris and Duchene buyouts as well as the salary retention on Johansen’s deal. But for Barry Trotz’s new regime, cleaning house and providing room for their fresh faces on offense was clearly the priority over hoping Duchene would bounce back to his 2021-22 form.

For Duchene, he’ll now have the chance to re-enter the free agent market at the age of 32. While he might not in actuality be the 86-point superstar he has appeared to be in flashes over the course of his career, he’s still a well-regarded offensive player who is sure to have interest across the league from teams looking to add some skill to their lineup.

In a precariously thin free agent class for centers, the fact that Duchene was once regarded as an NHL first-line center will bode well for his earning power, even if it’s clear that’s not who he is anymore.

Teams will have to carefully examine the injury Duchene suffered late in the season with Nashville, a finger injury that Duchene underwent two surgeries to repair. Per The Hockey News’ Ann Kimmel, “no tendons were damaged,” so “doctors expect that Duchene can make a full recovery and may be able to resume full activity in June.”

That’s undoubtedly positive news, but the state of Duchene’s finger will be something for interested teams to monitor as they examine why he was bought out of his contract despite a decently productive season as well as whether Duchene is the right player for contenders to commit scarce cap dollars to sign.

Photos Courtesy of USA Today Sports Images

Jack Quinn Undergoes Achilles Surgery

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Per Sportsnet’s Elliotte Friedman, Buffalo Sabres forward Jack Quinn underwent successful surgery to repair an Achilles tendon injury sustained in offseason training this week. His recovery time is expected to be four to six months, and he’ll miss the start of next season.

This is extremely unfortunate news for both the Sabres and Quinn, as it could just about halt the momentum he’d been building after a strong rookie season in the NHL. After tearing the AHL apart last season, Quinn scored 14 goals and 37 points in a 75-game NHL rookie season, earning some stray Calder Trophy votes in the process.

He also represented Team Canada at the 2023 IIHF Men’s World Championships, taking home the gold scoring seven points in 10 games, including one point in Canada’s final four games.

Quinn’s injury won’t knock him out for all of 2022-23, thankfully, but it will impact his availability for the Sabres early in the season. That could impact the Sabres’ desire to trade sniper Victor Olofsson, a 27-year-old forward who is on a contract that expires at the end of the season.

While the Sabres could still opt to get some compensation for Olofsson if they don’t see him in their long-term plans, this injury could very well keep Olofsson in Buffalo a little longer so the team can maintain its forward depth with Quinn out.

This injury could also impact the odds 2022 first-rounder Matthew Savoie gets some NHL games for the Sabres out of training camp. It looks somewhat unlikely at this point that Savoie is ready to make a difference at the NHL level, but with Quinn’s injury, it could be that the team is more eager to see what Savoie can do.

Devils Unlikely To Sign Miles Wood

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Sportsnet’s Elliotte Friedman is reporting that the New Jersey Devils have granted Miles Wood permission to speak with other teams around the league about trading for his rights prior to July 1st. This likely signals the end for Wood in New Jersey as he will be an unrestricted free agent in a few days, and it doesn’t appear as though the Devils see him in their future.

New Jersey drafted Wood in the fourth round of the 2013 NHL entry draft and after a season in the NCAA and a cup of coffee in the AHL, Wood found himself as a regular in the Devils lineup. Expectations were high for the Buffalo native after he finished his second full season in the NHL with 19 goals and 13 assists.

It looked as though Wood was well on his way to becoming a solid middle-six forward who could contribute 20 goals a season. However, Wood was never able to duplicate those offensive numbers failing to reach the 30-point mark in each of the next five seasons. He also struggled to elevate his linemates and was frequently guilty of turning the puck over at inopportune times.

Last year Wood posted 13 goals and 14 assists in 76 games and did a much better job driving play and was much more engaged physically, however, he continued to turn the puck over regularly.

Wood will generate some interest on the open market, but it would be surprising to see a team give up an asset to acquire his rights given that free agency is just a few days away and there are plenty of available options that can offer a similar skill set to him. That being said, the market for free agents is weak and teams looking for bottom-six help could do worse than Wood.

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