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Salary Cap Deep Dive: New York Rangers

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Navigating the Salary Cap is probably one of the more important tasks for any general manager to have. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2018-19 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.

New York Rangers

Current Cap Hit: $73,823,569 (under the $79.5MM Upper Limit)

Entry-Level Contracts

F Pavel Buchnevich (one year remaining, $925K)
D Neal Pionk (one year remaining, $925K)
F Lias Andersson (three years remaining, $894K)
F Filip Chytil (three years remaining, $894K)
D Anthony DeAngelo (one year remaining, $863K)
G Alexandar Georgiev (two years remaining, $793K)

Potential Bonuses

Pionk: $850K
Andersson: $850K
Deangelo: $400K
Chytil: $350K

Total: $2.45MM

With the team in quick rebuild mode, there are some entry-level deals already and if the team continues to trend in that direction, they will have quite a bit more. The team’s most prominent player at the NHL level to date would be Buchnevich, who improved on his rookie campaign with a 14-goal, 43-point season last year. He saw more ice time as well, improving from 13:16 ATOI to 15:01 as well as saw significant time on the team’s power play, potting five goals and 11 assists with the man advantage and has earned himself a solid spot in the team’s top-six. Another improved season could see him being an expensive restricted free agent.

The team has high expectations for their two 2017 first-rounders in Andersson and Chytil. Both have shown excellent skills and have received some time playing for the NHL with Andersson seeing seven games, while saw nine games. Both are expected to earn time with the Rangers out of training camp, but both may find themselves on bottom-six lines unless they can prove that they can center the second or third lines in training camp.

One Year Remaining, Non-Entry-Level

F Kevin Hayes ($5.18MM, UFA)
F Mats Zuccarello ($4.5MM, UFA)
D Rob O’Gara ($874K, RFA)
F Cody McLeod ($750K, UFA)
D Fredrik Claesson ($863K, RFA)
F Peter Holland ($675K, UFA)
D Steven Kampfer ($650K, UFA)
G Marek Mazanec ($650K, UFA)

The team agreed to a one-year deal with Hayes, avoiding arbitration, but now face the possibility that Hayes could walk away at the end of the season as he will be unrestricted, which will force the team into two possible directions, including attempting to work out a long-term deal with the team after Jan. 1, 2019, or trading him, possibly at the trading deadline if the two sides can’t agree on anything. Hayes, who has been a jack of all trades playing multiple positions, seems to have developed into a solid center as he produced his best season ever, which included 25 goals, eight more than any previous year. The question is, do the Rangers view him as a fixture in their lineup as they continue to rebuild?

At age 30, Zuccarrello still puts up solid numbers, but despite the high-end minutes that the veteran gets, he falls into a similar category to that of Hayes where you have to ask whether he is in the team’s long-term plans. The winger is penciled in to play on the team’s top line once again, but has only put up 31 goals over the past two seasons. He does produce quite a few assists (81 over the past two years), but what the Rangers need more than anything is goals. Zuccarello will also turn 32 before he begins his next contract and at that age, how long are the Rangers willing to commit to him?

Two Years Remaining

F Chris Kreider ($4.63MM, UFA)
F Ryan Spooner ($4MM, UFA)
F Vladislav Namestnikov ($4MM, UFA)
F Jimmy Vesey ($2.28MM, UFA)
F Matt Beleskey ($1.9MM, UFA)
F Jesper Fast ($1.85MM, UFA)

Kreider is coming off a tough year in which he had to deal with blood clots and had surgery to relieve the pressure and missed almost two months of time. The 27-year-old didn’t have as solid of a season as he tallied just 16 goals in 58 games, which is a far cry from the 28 goals he scored in 2016-17 although a lot of that is due to the fact that his playing time dipped as the team didn’t want to play him too many minutes due to the blood clot issue. Regardless with a full offseason to rest and recuperate, Kreider should be able to bounce back as one of the team’s top scorers.

The team also have high expectations from two other forwards that the team acquired through at the trade deadline a year ago in Namestnikov and Spooner. Namestnikov was the biggest name to arrive in New York in the Ryan McDonagh trade with Tampa Bay. He was a key player for the Lightning, posting 20 goals and 44 points with them, but he actually lost playing time once he arrived in New York and put up just two goals and four points in 19 games. The team hopes that a new coach and proper training camp with his new team will make quite a difference. Spooner came over in the Rick Nash trade with Boston and has posted solid numbers with the Bruins over the past few seasons and could turn out to be a top-six wing or third-line center in New York. Between the two teams, Spooner combined for 13 goals and 28 assists.

The team also expect big things from Vesey, who signed as a undrafted collegiate free agent a couple of years ago and if finally starting to show that he belongs in the NHL. The 25-year-old winger has put up solid numbers for two years, but could find himself getting more opportunities in the team’s rebuild. In two years, he’s combined for 33 goals and 55 points.

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New York Rangers Agree To Terms With Marek Mazanec

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Though a contract had been previously reported by CapFriendly, the New York Rangers officially announced that they have agreed to terms with goaltender Marek Mazanec on a one-year contract. Mazanec had been scheduled to become a restricted free agent, but will ink a two-way deal that pays him $650K at the NHL level.

Mazanec looked like he was on his way out of North America for good last summer when he agreed to mutually terminate a contract with the Nashville Predators so that he could sign in the KHL. Instead of staying in Russia though, Mazanec played just 23 games there before signing with the New York Rangers and spending half the season with the Hartford Wolf Pack. Terminating the contract with the Predators made him an unrestricted free agent, despite them qualifying him and coming to a contract agreement earlier in the summer.

Now he’ll remain in the Rangers organization for another year, and the question becomes whether he’ll be given a chance to become Henrik Lundqvist’s backup for 2018-19. Ondrej Pavelec, who served in the role last season, is scheduled to be an unrestricted free agent, while none of the other goaltenders in the system have much NHL experience. Mazanec has 31 NHL games under his belt including four with Nashville in the 2016-17 season, but hasn’t found much success there so far. Even last season wasn’t very promising in the minor leagues, where Mazanec recorded just a .905 save percentage.

Free Agent Focus: New York Rangers

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Free agency is now a little less than a month away from opening up and there are quite a few prominent players set to hit the open market while many teams have key restricted free agents to re-sign.  Here is a breakdown of New York’s free agent situation.

Key Restricted Free Agents: F Vladislav Namestnikov – The Rangers have plenty of restricted free agents to sign this summer, and while Kevin Hayes and other forwards may have had a bigger impact on the team, it’s Namestnikov that remains the biggest enigma. After coming over from the Tampa Bay Lightning at the deadline as part of the Ryan McDonagh trade, Namestnikov failed to find much chemistry with his new team. The 25-year old registered just four points in 19 games down the stretch, after notching 44 in Tampa Bay (mostly alongside Steven Stamkos and Nikita Kucherov). Those 44 had already guaranteed he would reach a career-high in points, and he had already cracked 20 goals by the end of February.

There is still some question as to where he fits into the Rangers plans though. As the team continues to try and get younger, they essentially swapped two players the same age when they sent J.T. Miller along with McDonagh to Tampa Bay. Now Namestnikov, the 27th-overall pick from 2011, will have to show that the team actually upgraded with that trade and show he can be a top-six contributor in 2018-19 and beyond. Since he’ll be turning 26 in November any long-term deal will be buying out several unrestricted free agent seasons, substantially increasing the cap hit of the overall deal. After being paid an average of just $1.94MM the last two years, Namestnikov will be looking for a substantial raise. It’s not clear if New York wants to commit long-term to a player that has had trouble producing when not playing alongside elite linemates.

D Brady Skjei – If Namestnikov is the most unclear decision on the team’s RFA list, Skjei might be the most important. The 24-year old turned into one of the team’s most reliable defensemen in the second half of 2016-17, and showed again that he could be a big time contributor this season. Though his point production dropped significantly, Skjei was asked to log more than 21 minutes a night for a team whose defensive unit was constantly in flux. McDonagh was traded midseason, Kevin Shattenkirk dealt with injury and Brendan Smith was banished to the minor leagues, leaving Skjei the lone defender who could be counted on all season.

Skjei is coming off his entry-level contract later than many other impact players, meaning that he’s closer to unrestricted free agency than many would be heading into their second deal. It’s clear that he is a player to build around for the Rangers, and signing him long-term right now is the only way to really keep his cap hit to a reasonable amount. If the team (or player, for that matter) decides to mitigate risk and sign a short-term bridge deal, it could end up costing them in the long run if Skjei continues to improve and looks for a big-money extension when he’s 26 or 27.

Other RFAs: F Ryan Spooner, F Kevin Hayes, F Jimmy Vesey, D Rob O’Gara, D John Gilmour, G Marek Mazanec, F Steven Fogarty, F Boo Nieves, F Chris Bigras, F Adam Tambellini

Key Unrestricted Free Agent: G Ondrej Pavelec – The Rangers sold hard at the deadline to rid themselves of nearly all valuable unrestricted free agents, leaving Pavelec as the last remaining big ticket. The team does have other potential internal options as a backup for Henrik Lundqvist, but there’s not much to complain about with their situation this year. Pavelec recorded a .910 save percentage in 19 games, and though his record was poor that’s more a reflection on the team in front of him than his performance. The former Winnipeg Jets goaltender signed for just $1.3MM this season, and could likely be brought back for a similar amount in 2018-19.

Otherwise, Pavelec would likely have several suitors around the league as a reasonably priced backup with plenty of experience. The 30-year old goaltender has played 398 games in the NHL, and could come in as a 20-game backup for one of the more established goaltenders in the league. There is also always a chance he could return to the Czech Republic as a starter, though it’s been more than a decade since he played there full-time.

Other UFAs: F Paul Carey, F Cody McLeod, D Ryan Sproul, F Daniel Catenacci, F John Albert

Projected Cap Space: The Rangers currently project to have somewhere around $30MM in cap space to spend this summer, but a lot of that will be eaten up by the group of RFAs requiring new contracts. If every one of Skjei, Spooner, Hayes, Vesey and Namestnikov are signed, the team could be looking at a lot less room to operate with for the rest of the summer. The idea that they’ll just re-sign what they have and go into next season with the same group seems foolish, especially with young players like Filip Chytil and Lias Andersson knocking down the door.

With three first-round picks and plenty of young prospects starting to fill the cupboards, it wouldn’t be surprising if New York was one of the most active teams this offseason. Either continuing to trade experience for youth and building towards a window of contention in a few years, or reloading to get back to the playoffs in the short-term, the Rangers are a team to watch closely as the draft approaches in a few weeks.

Marek Mazanec On Waivers; Will Sign With New York Rangers

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Wednesday: As expected, Mazanec has cleared waivers and signed with the Rangers. He was immediately assigned to the AHL, along with Alexandar Georgiev who’d been up while Henrik Lundqvist dealt with the flu. Mazanec is likely on a minimum salary two-way contract, meaning he would have $650K cap hit in the NHL.

Tuesday: Marek Mazanec is about to return to North American professional hockey, as Elliotte Friedman of Sportsnet reports that he will sign with the New York Rangers. Mazanec has been placed on waivers today, meaning he’s destined for the AHL once he clears. Mazanec had been under contract with the Nashville Predators this summer, but had his contract terminated to pursue an opportunity in the KHL.

After the Predators added both Matt O’Connor and Anders Lindback, it was expected that the organization would move away from Mazanec. Still though, they issued him a qualifying offer and he filed for salary arbitration, eventually settling on a two-way contract. That deal was terminated when Mazanec found a job with Slovan Bratislava in the KHL, but they’ve now moved on as well. Mazanec struggled for Slovan, posting an .899 save percentage through 23 games this season. The team has KHL veteran Jakub Stepanek to fill the crease for them, who has played better so far this year.

Joel Hanley of the Arizona Coyotes and Matt Moulson of the Buffalo Sabres, on waivers yesterday, have both cleared and can be assigned to their respective AHL teams. The Sabres had been trying to find a taker for Moulson and his $5MM cap hit, but instead will have to bury him in the minor leagues. The team will gain a prorated $1.025MM in salary cap relief from assigning him to the AHL.

Marek Mazanec Signs In KHL

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Marek Mazanec has signed a one-year deal with HC Slovan Bratislava of the KHL, after an interesting offseason. Despite reports that the Nashville Predators would move on from the goaltender, they issued him a qualifying offer and he filed for salary arbitration. Before the hearing, the Predators placed Mazanec on waivers as a negotiating tactic and saw him settle for a two-way $650K contract.

That contract will be mutually terminated according to the Slovan press release, a topic we looked at in detail recently. Mazanec will forfeit the salary in order to go play in the KHL where he’ll have much more opportunity. The Predators signed both Matt O’Connor and Anders Lindback this offseason to compete in the minors, while Juuse Saros is expected to move up and be the full-time back up to Pekka Rinne.

Mazanec played in just four games for the Predators last season and was overmatched, recording an .839 save percentage. While he’d shown more potential in the past, the team was clearly ready to move in a different direction.

Minor Transactions: 07/27/17

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While the whole league considers their options now that the Montreal Canadiens have announced Andrei Markov will not return, teams will continue to make minor changes and signings to finalize the fringes of their roster before training camp. Here we’ll keep track of all the minor signings of the day.

  • The New York Islanders have signed Connor Jones according to Arthur Staple of Newsday, inking the 26-year old forward to a one-year two-way contract. Jones got into four games for the Islanders this season, his first taste of NHL action. A graduate of Quinnipac University, Jones has had a hard time replicating any offensive success in the professional ranks, and was held scoreless in his short NHL stint last year.
  • The Milwaukee Admirals, the AHL affiliate of the Nashville Predators, inked former Detroit Red Wings goalie prospect Jake Paterson to a minor league contract today, per a team release. A 2012 third-round pick from the OHL’s Saginaw Spirit, the 23-year-old keeper was one of the best goalies in the ECHL last year. Not only did he lead the league in wins with 34, but he posted an impressive 2.28 GAA and .918 save percentage as well. This is the second season in a row that Paterson had dominated the ECHL and has likely earned a shot at regular AHL time. However, he joins a crowded pipeline in Milwaukee that includes Marek Mazanec, Matt O’Connor, and veteran Anders Lindback fighting for time in net. Barring an injury or two, Paterson will likely be back in the ECHL next year. Yet, Paterson was still one of the top free agent goalies remaining on the market before the Admirals scooped him up.
  • If Paterson had stayed in the Red Wings organization, he would have faced a similar roadblock to AHL play time behind Calder Cup hero Jared Coreau, the recently re-acquired Tom McCollum, and Czech import Matej Machovsky. However, Pat Nagle appears to be up for the challenge. The 29-year-old minor league veteran has signed on with Detroit’s AHL affiliate, the Grand Rapids Griffins, on a minor league deal, the team announced. The Michigan-native has played with Grand Rapids before – a two-game stint on loan from the ECHL’s Fort Wayne Komets in 2014-15 – and was loaned again to the Griffins last season, but did not see any action. Now officially part of the team, the veteran keeper will look to earn a permanent spot in Grand Rapids, but faces an uphill battle against both the trio of goalies ahead of him on the depth chart and his own age in inferior play at the AHL level.

Marek Mazanec Signs With Nashville Predators

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Despite rumors that the team would move on from Marek Mazanec this year and him even clearing waivers earlier this month, Craig Morgan of AZ Sports reports that the Nashville Predators have inked the restricted free agent goaltender to a one-year, two-way $650K contract. Mazanec was scheduled for an arbitration hearing on July 27th, but will avoid it with his new contract.

Armed with the knowledge that no other team would take a chance on him and the upcoming hearing, the Predators were able to bring back a depth goaltender on the minimum contract. Though Mazanec has fallen well behind Juuse Saros as the potential backup for Pekka Rinne next year and a possible future starter, he does have 31 games of NHL experience and a fine track record in the AHL. To get that one a two-way deal is excellent, as they’ll have to pay Mazanec just $100K next year in the minors.

It’s interesting to see where Mazanec will fit in exactly, as the team also added both Anders Lindback and Matt O’Connor in free agency this year. All three will have to find playing time somewhere in the minor leagues, unless a move is made to deal one of them elsewhere. A loan to another AHL club is another option.

The Predators now have just Ryan Johansen, Austin Watson and Viktor Arvidsson to worry about as restricted free agents, the latter of which has his hearing scheduled for Saturday after exchanging figures this morning with the club. With almost $19MM in cap space left, they should be able to easily fit the last three into their system.

Remaining Arbitration Dates

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While the league continues to try and lock up their young players, several arbitration dates remain on the docket for the next few weeks. Starting on Thursday, teams and players will head to hearings to determine their salary for the upcoming season (or seasons). For more information on how the arbitration process works, check out Mike Furlano’s two part breakdown of the system from last summer.

The remaining arbitration dates are as follows:

July 20 – Colton Parayko (St. Louis), Tomas Tatar (Detroit)

Originally scheduled: Tyler Johnson (Tampa Bay) who signed a seven-year, $35MM contract.

July 21 – Ryan Dzingel (Ottawa)

Originally scheduled: Michael Chaput (Vancouver) who signed a one-year, $688K contract

July 22 – Viktor Arvidsson (Nashville)

Originally scheduled: Micheal Ferland (Calgary) who signed a two-year, $3.5MM contract.

July 24 – Austin Watson (Nashville), Brian Dumoulin (Pittsburgh)

July 25 – Mika Zibanejad (NY Rangers)

Originally scheduled: Joey LaLeggia (Edmonton) who signed a one-year, two-way, $700K contract and Ondrej Palat (Tampa Bay) who signed a five-year, $26.5MM contract.

July 26 – Ryan Spooner (Boston)

Originally scheduled: Jordan Martinook (Arizona) who signed a two-year, $3.6MM contract.

July 27 – Robin Lehner (Buffal0)

Originally scheduled: Marek Mazanec (Nashville) who signed a one-year, two-way, $650K contract.

July 28 – (none)

Originally scheduled: Jean-Gabriel Pageau (Ottawa) who signed a three-year, $9.3MM contract.

July 31 – Matt Nieto (Colorado)

August 1 – Connor Hellebuyck (Winnipeg), Reid Boucher (Vancouver)

August 2 – Calvin de Haan (NY Islanders)

Originally scheduled: Kevin Gravel (Los Angeles) who signed a one-year, two-way, $650K contract. 

August 3 – Nate Schmidt (Vegas), Nino Niederreiter (Minnesota)

August 4 – Mikael Granlund (Minnesota), Conor Sheary (Pittsburgh), Nathan Beaulieu (Buffalo)

RFA Arbitration Hearings Begin Soon

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Although it’s likely that many of these restricted free-agents come to terms with their teams before the hearing dates, the list of set dates has been released. Last year, only one RFA actually made it to their date without a deal. We should see more players actually make it to the arbitration process this year, but how many is unclear. It could be zero, or it could be five.

That said, these arbitration hearings begin in only 11 days, so the crunch is on. Teams will hope to hammer out details with players they hope to lock in for longer than two years. PHR published a preview highlighting players most likely to see a massive pay-raise, but arbitration by its nature can be rather capricious.

According theScore’s Cody Wilkins, the set dates are as follows:

 

July 20 – Tyler Johnson (Tampa Bay), Colton Parayko (St. Louis), Tomas Tatar (Detroit)

July 21 – Ryan Dzingel (Ottawa), Michael Chaput (Vancouver)

July 22 – Micheal Ferland (Calgary), Viktor Arvidsson (Nashville)

July 24 – Austin Watson (Nashville), Brian Dumoulin (Pittsburgh)

July 25 – Joey LaLeggia (Edmonton), Mika Zibanejad (NY Rangers), Ondrej Palat (Tampa Bay)

July 26 – Jordan Martinook (Arizona), Ryan Spooner (Boston)

July 27 – Robin Lehner (Buffal0), Marek Mazanec (Nashville)

July 28 – Jean-Gabriel Pageau (Ottawa)

July 31 – Matt Nieto (Colorado)

August 1 – Connor Hellebuyck (Winnipeg), Reid Boucher (Vancouver)

August 2 – Calvin de Haan (NY Islanders), Kevin Gravel (Los Angeles)

August 3 – Nate Schmidt (Vegas), Nino Niederreiter (Minnesota)

August 4 – Mikael Granlund (Minnesota), Conor Sheary (Pittsburgh), Nathan Beaulieu (Buffalo)

Snapshots: Hyman, Mazanec, Faksa, Avalanche

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The Maple Leafs handed out a four-year contract for one of their depth players on Wednesday, inking Zach Hyman to a $9MM deal. While the deal will keep him as one of the lower paid forwards on the team, CapFriendly reports that it also includes a limited no-trade clause in the final two seasons.

Hyman will submit a list of ten teams that the Maple Leafs cannot trade him to, a clause it seems is included in every contract given out this year. The 25-year old winger grew up a Leafs fan in Toronto and has strong ties to the community, and has been clear this is where he wants to play out his career if possible.

  • Marek Mazanec has cleared waivers, giving the Nashville Predators even more leverage in his soon to be scheduled arbitration hearing. The Maple Leafs employed a similar tactic with Peter Holland last season before his arbitration hearing, eventually signing him to a $1.3MM deal that was closer to their submitted $900K offer than his requested $2.1MM. The Minnesota Wild did a similar thing with Jordan Schroeder before getting him to agree to a two-way deal. It had been previously suggested that the Predators were going to move on from Mazanec, but after issuing him a qualifying offer and him filing for arbitration, it’s unclear where the two sides stand.
  • Sean Shapiro of NHL.com speculates that Radek Faksa’s next deal will be of the bridge variety and come in around $2.5MM per season. The young center is coming off his first full season with the Dallas Stars, in which he registered 33 points and became a big part of their forward group. The 23-year old is still not arbitration eligible, and is several years away from unrestricted free agency. A bridge deal of two years would allow both sides to re-evaluate where his career stands at 25, and negotiate a long-term deal that would buy out free agent years. The Stars also don’t have much cap room for anything longer, as they find themselves close to the upper limit after signing Martin Hanzal and Alexander Radulov.
  • The Colorado Avalanche have hired Ray Bennett as an assistant coach, and Jussi Parkkila as the team’s new goaltending coach. Parkkila has been rumored for a while, as he is close with Semyon Varlamov and has worked extensively with him in the past. Bennett on the other hand comes from the St. Louis Blues organization after a decade with the club, and brings a long track record of NHL experience.

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