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Milan Lucic

Pacific Notes: Coyotes Defense, Carter, Flames, Lucic

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The Arizona Coyotes have one of the highest payrolls among defensemen, the second highest in the league at $29.54MM. Yet despite their success defensively, the blueline’s offensive production just isn’t there. The Coyotes defensemen had the seventh-worst goal production in the league and were fourth-worst in points.

The Coyotes hope that much of the defense’s struggles can be accounted by the massive amount of injuries the team suffered throughout the year and while many of those injuries came from the forwards, the changes in personnel definitely had a part to play in the team’s struggles to score goals. The team also were without defenseman Jason Demers for all but 35 games last season and lost Jakob Chychrun for 29 games as well, according to The Athletic’s Craig Morgan (subscription required).

“We played defensive and there were so many injuries that we were forced to, but for the most part during the season, we directed the pace of the game and the scoring chances,” said Demers. “It’s just that once you get behind the eight ball and it has been 20, 30 games of not scoring, you tense up a little bit and you might force things you wouldn’t normally force or look for the perfect play when the perfect play is just getting it to the net.”

The team hopes that new assistant coach Phil Housley can help out and get the defense to start producing some offense, his forte when he was a player. The hope is that with a healthy blueline, the team should be able to take that next step.

  • The Fourth Period’s David Pagnotta appeared on NHL Tonight recently and stated that the Los Angeles Kings have tried to be active on the trade market, reporting that the Kings were talking to the Arizona Coyotes before the draft about potentially sending Jeff Carter there. Of course that was before Arizona turned around and traded for Pittsburgh’s Phil Kessel instead. However, trading off Carter may have been more of a challenge as the 34-year-old who scored just 13 goals and 33 points last season still has three years at $5.27MM AAV and obviously was no where near as productive as Kessel who finished last season with 82 points.
  • NBC Sports’ James O’Brien writes that despite moving James Neal Friday, the team’s salary cap situation hasn’t improved much at all. In fact, the Flames saved just $500K after they traded Neal for Milan Lucic, which will require Calgary to make more moves this summer. The team has just $9.97MM in cap space and still have to sign several restricted free agents, including Matthew Tkachuk, Sam Bennett, David Rittich and Andrew Mangiapane.
  • Edmonton Journal’s Jim Matheson writes that another victory in the Edmonton Oilers of Lucic to the Calgary Flames for Neal is that Neal doesn’t have a no-trade clause and will not have to be protected in two years for the Seattle expansion draft. However, the Calgary Flames do have to worry about the fact that Lucic has a no-movement clause and will have to be protected, which could be a major issue in two years unless they can convince him to waive that clause for the expansion draft.

Pacific Notes: Lucic, Russell, Turcotte, Eaves

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The Calgary Flames had already lost one potential trade acquisition a couple weeks ago when they were had completed a deal with the Toronto Maple Leafs for Nazem Kadri only to see the veteran center refuse to waive his no-trade clause and reject the trade. That option could have been in front of Calgary a second time Friday as Milan Lucic seriously considered refusing to waive his no-movement clause, but a conversation with an old friend, Jarome Iginla, changed his mind.

“I had a really good talk with Jarome,” Lucic told the Flames website (via NHL.com). “He told me what a great hockey town Calgary is, how much the people are behind the Flames. It’s a fan base that loves seeing effort. They obviously want to win, but regardless, they love the heart-and-soul guys, the guys who give their all, who don’t compromise, which I like to think speaks to the way I play.”

Lucic and Iginla played together for one season with the Boston Bruins back in the 2013-14 season and spent a lot of time together that years as linemates. After the discussion with Iginla, Lucic agreed to the waive his no-movement clause and the deal commenced in which the Oilers swapped James Neal and a conditional third-rounder to round out the deal.

  • Now that the Edmonton Oilers have successfully rid themselves of Milan Lucic’s contract, many fans have focused their attention on the team’s defense, with the belief that general manager Ken Holland must target the contract of Kris Russell, who has two years remaining at $4MM AAV and has proven he’s not a top-four defenseman. However, Edmonton Journal’s David Staples writes that the team might be better off holding onto Russell, unless they can add a top-six forward in a deal for him, which seems unlikely. Russell has proven to a be a defensively sound blueliner and at least should provide solid play on the third line, who might be able to hold his own if an injury occurs.
  • In a mailbag piece, The Athletic’s Lisa Dillman (subscription required) writes that anyone hoping that Los Angeles Kings 2019 draft pick Alex Turcotte (the fifth overall pick) might break training camp with the team, will be disappointed. The team has a plan already in place in which Turcotte, who many had positioned as the best player in the draft after Jack Hughes and Kaapo Kakko, will play one season for Tony Granato and the University of Wisconsin and will not even be at training camp in September.
  • Eric Stephens of The Athletic (subscription required) writes that the Anaheim Ducks future looks better next season as the team should have just a few of their own free agents to deal with and even fewer contracts of significance. They will have a handful of restricted free agents, including Brendan Guhle and Troy Terry, but unless either has a breakout season, there is little for the team to worry about. The team’s biggest free agent will be veteran Patrick Eaves, who has played just nine games over two seasons as he has dealt with health problems since being acquired. The scribe writes the team would be extremely unlikely to bring the 35-year-old back and that free space should give the team about $19-20MM in available cap space next summer.

Lucic-Neal Notes: Conditions, Buyouts, Vancouver

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The Flames and Oilers may have become pioneers in the ways of NHL trades today, completing the Milan Lucic–James Neal trade with an extraordinary condition on the draft pick included by Edmonton. In addition to sending Lucic to Calgary, the Oilers also retained part of his salary and added a conditional 2020 third-round pick to the deal. It took some time, even after the formal announcement, to reveal what those conditions were. The first, which is very specific but not unheard of, is that Neal must score 21 goals next season. The second is somewhat more convoluted: Neal must also score 10+ more goals than Lucic next season as well. By all accounts, a conditional pick transfer based on two players’ performances relative to one another has never before been attempted in the NHL. Yet, it has immediately turned some heads and has many asking whether this is the future of trading. Will we begin to see other general mangers hedging their bets by sending conditional picks based on whether or not the trade works out as expected? If both teams agree to the deal, wagering on whether one player will outperform the other, then there does not seem to be a problem. It can be added insurance for the team adding the player who would be expected to be better on paper, while being a nice scenario for the other, who either get a draft pick or an unexpectedly strong performance out of their new acquisition. It seems to be a classic win-win-win, wherein both teams win and we the viewers win by having another story line to follow throughout the year. The Flames and Oilers may have opened the door to a new line of through when it comes to conditional draft picks.

  • Now that Lucic and Neal are on new teams, the question becomes how long will they stay in these new locales if their play does not improve. Many thought the Oilers would never be able to trade Lucic’s contract, so it’s hard to imagine that the Flames would be able to if his struggles continue next season. However, a buyout remains an unsavory idea next off-season as well. The move would cost Calgary $4.8MM/$3.5MM/$4.8MM in the first three years, which is hardly a savings from his now-adjusted $5.25MM cap hit. Neal is another matter on both both points though. Even if Neal has another bad season, one would imagine that his trade value would not be totally gone give the astonishing consistency he played with for most of his career until landing with the Flames. An Oilers team that could very well miss the playoffs again next season may not be a fair metric either as to whether or not Neal is truly done. However, if a trade market does not develop, a Neal buyout is somewhat palatable for Edmonton. Next summer, a buyout would cost $1.92MM each year for six years. It’s not an ideal scenario, but for a cap-strapped team looking to open their championship window, a penalty of less than $2MM for six years may not hurt as badly as $5.75MM for three years.
  • Now that this trade is final, the rumors of a Lucic-Loui Eriksson swap can finally be put to rest. One of the most popular rumors this off-season, the disgruntled Eriksson wanted out of Vancouver and Lucic was open to the idea of a return to his hometown, prompting many to suggest the former Boston Bruins stars could be exchanged for one another. Yet, Sportsnet’s Rick Dhaliwal asked Lucic today if at any point he had been approached about waiving his No-Movement Clause for a move to the Canucks. His response: “No never. There was never a trade to Vancouver as far as I’m concerned.” It seems that a deal, including Eriksson or anyone else, never actually came together to bring the native power forward home. Lucic is in Calgary now, but Eriksson and the Canucks are both still hoping to find a new home for the veteran forward before next season.

Edmonton Oilers Trade Milan Lucic To Calgary Flames

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7:45pm: Sportsnet’s Mark Spector reports that there are two conditions on the third-round draft pick sent to Calgary and, in a move not before seen in the NHL, one has to do with the traded players’ production relative to one another. The first condition is that Neal must score 21 goals in 2019-20. The second condition is that those 21+ goals must also be 10 goal or more above Lucic’s goal total on the year. According to Spector, the conditions do not cause a shift in the round of the pick; instead, if those conditions are not met, the Oilers do not owe the Flames any pick at all.

7:00pm: The deal is now official, including the additional pieces and salary retention on Edmonton’s side. In addition to Lucic, the Flames announced that they have also acquired a conditional 2020 third-round pick as well, though terms of the condition were not disclosed. Additionally, the Oilers will retain 12.5%, or $750K, of Lucic’s $6MM cap hit. In other words, Calgary will pay Lucic $5.25MM against the cap for the next four years, while Edmonton will pay a total of $6.5MM against the cap for Neal and Lucic’s retained salary, also for four more years.

2:30pm: The Edmonton Oilers and Calgary Flames have decided to swap a pair of underperforming forwards. According to Nick Kypreos of Sportsnet the Oilers will send Milan Lucic to their provincial rivals in exchange for James Neal after Lucic decided to waive his no-movement clause. Bob Stauffer of 630 CHED and Gene Principe of Sportsnet have heard the same, though neither team has confirmed it at this point. Jason Gregor of TSN reported earlier that Lucic would be willing to waive the clause to go to Calgary. Eric Francis of Sportsnet expects the Oilers to include a conditional draft pick and retain part of Lucic’s salary.

Lucic, 31, has been considered one of the worst contracts in the league since the day he signed it on July 1, 2016. Agreeing to a seven-year, $42MM deal in unrestricted free agency, he was supposed to add some physicality, experience and scoring prowess to an up-and-coming Oilers team led by two young superstars. In the first year of the deal Lucic disappointed but still scored 23 goals and 50 points, helping the Oilers to the playoffs for the first time in a decade. There were red flags even then however, as Lucic was noticeably slowing down and scored more than half his goals on the powerplay. His even-strength production of 25 points was underwhelming and only a signal of things to come.

In 2017-18, things completely fell apart. Lucic recorded just seven even-strength tallies and scored just a single goal in his final 46 games. Last season was even worse, and at this point the former Boston Bruins star is a fourth-liner with a $6MM cap hit. That wasn’t going to cut it in Edmonton where new GM Ken Holland and the Oilers are trying desperately to reshape their roster even without much cap flexibility.

Neal meanwhile hasn’t been much better since signing his own lucrative free agent contract. Signing a five-year, $28.75MM deal on July 2, 2018, Neal was supposed to be the consistent goal scoring threat to line up alongside young forwards like Johnny Gaudreau and Sean Monahan. He had just completed his tenth consecutive 20+ goal season and been to consecutive Stanley Cup Finals with the Nashville Predators and Vegas Golden Knights. His offense was rarely contingent on powerplay time and the 30-year old had played with some of the best players in the world during a long career. Unfortunately, that Neal never arrived in Calgary.

Instead, the veteran ended up posting just seven goals and 19 points in 63 games for the Flames. A healthy scratch at times, his role on the team was immediately limited as he never seemed to find a real comfortable fit in the forward group. Basically every metric fell off a cliff for Neal, and Calgary regretted his contract tremendously. Luckily it did not include any trade protection—a notable difference from Lucic, who will require protection in the expansion draft thanks to his no-movement clause.

The question will be whether either player can recover some of their past glory in their new homes. Lucic has been a shell of his former self offensively for more than two years now, but at least still does provide that physical presence that the Flames have been looking for. The 6’3″ winger has recorded at least 200 hits in each of the last six seasons including 259 in 2018-19. If that’s the role Calgary is expecting of him, he should fulfill those expectations just fine.

Neal however probably has bigger shoes to fill. The Oilers have been desperate for any sort of goal production from the wing—partly due to Lucic’s decline—and may still have big expectations for Neal, especially if they are retaining salary and giving up an additional asset. He’s only a year away from a 25-goal campaign with Vegas, but he’ll have to prove his worth to head coach Dave Tippett before he is strapped to McDavid’s wing.

In all, this is a crap shoot for both teams hoping to find some production in their misspent money. If Lucic can give the Flames some bite and contribute a bit on the fourth line he’ll be more useful to them than Neal was. If Neal can play the powerplay and log some time beside their best forwards he’ll have more value to Edmonton. Neither scenario is guaranteed.

Photo courtesy of USA Today Sports Images

Canucks Notes: Free Agency Targets, Edler, Eriksson

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Vancouver GM Jim Benning continues to be honest and open with the media this off-season about the direction of the team and his plans moving forward. In a media session yesterday, the veteran executive spoke on a number of topics, including the positions he will try to fill in free agency. Per NHL.com’s Kevin Woodley, Benning was happy to reveal who he may target:

Going forward now, if we are going to add through free agency, we want to try to add top-four defensemen or top-six forwards, so I think our needs in that way have changed. I haven’t been shy about stating that we would like to improve our defense. There are different avenues to try to do that, so we’re looking at all those avenues.

The “change” that Benning is referring to is in contrast to last off-season, when the Canucks spent on bottom-six depth in free agency, targeting Jay Beagle, Antoine Roussel, and Tim Schaller. This year, the names that the team will seek will be more high-profile. Up front, Vancouver has already been linked to Marcus Johansson, while British Columbia-native Brett Connolly will also likely be in consideration. On the back end, Jake Gardiner is known to be a free agent target, although Benning’s comments make it seem as though the Canucks could also scour the trade market for a top-four defenseman as well. One way or another, it seems this summer will be more exciting than the last for Vancouver.

  • That “top-four target” could also come internally, as Benning acknowledges that the team is still working through contract talks with long-time stalwart Alex Edler. Edler is an impending free agent and asked not to be traded at the trade deadline this past season in hopes of an extension with Vancouver. Months later, a deal has not yet been signed. It appears that term and trade protection appear to be the sticking points, especially as the 2021 NHL Expansion Draft looms. Edler would like protection from a possible Seattle selection, but Benning and the Canucks would rather use one of their limited slots on a key young piece. Sportsnet’s Iain MacIntyre relays some honest words from Benning on the subject:

I think it’s fair to say we don’t have the appetite to do that. We had to do that last time with Daniel and Henrik Sedin. But we’re going to have some good young players that we need to protect or we’ll lose them.

  • Edler could be gone if talks don’t improve, and so could another veteran, Loui Eriksson. Benning spoke to Eriksson’s comments to a Swedish newspaper earlier this off-season, when he stated that he did not trust or get along with head coach Travis Green. Benning said that he has plans to talk with Eriksson soon, but that those comments are a true cause for concern and a trade could be a real possibility. This isn’t the first we’ve heard of Eriksson trade rumors, with many linking him to the Edmonton Oilers and former head coach Dave Tippett in a possible swap for fellow expensive and under-performing forward Milan Lucic. However, Benning’s comments would imply that a trade could happen even if it isn’t with Edmonton. The team may have trouble finding a taker for the remaining three years and $6MM AAV on Eriksson’s contract, but if it’s a matter of team chemistry, the team may have to do whatever it takes to move the seasoned winger.

Edmonton Oilers Would Have To Add “Sweetener” In Lucic-Eriksson Swap

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Although there has been talk of a potential trade between the Edmonton Oilers and Vancouver Canucks about swapping the bad contracts of Milan Lucic and Loui Eriksson for several weeks, a new report by TSN’s Darren Dreger suggests on TSN’s Insider Trading that the deal could be a good fit for both teams, but if Edmonton wants to make the deal, they would have to add a “sweetener.”

The belief is that because Lucic has four years remaining on his deal at $6MM AAV, the Oilers would have to give up something as Eriksson’s deal has only three years remaining at $6MM himself. According to Edmonton Journal’s David Staples, both players could be amenable to a potential trade considering that Lucic holds a no-movement clause, while Eriksson has a no-trade clause. However, Sportsnet’s Rick Dhaliwal reports that nothing has been presented to either player and while the discussion of this trade has been discussed in the media for weeks, trade talks are quite premature.

Lucic is from Vancouver and played his junior years there but there is no guarantee he would waive his no-movement clause. Eriksson, on the other hand, is easier to project as he knows Oilers’ new coach, Dave Tippett, who he played for in Dallas for three years and had success under him. And considering that Eriksson has had issues with Vancouver coach Travis Green, his no-trade clause likely wouldn’t be an issue.

However, Staples disagrees that Edmonton should have to add a sweetner, pointing out that Lucic still has value as a fourth-line option who is a tough guy that can fight and score a little. He’s only 31 and still has value in the league. Throw in the fact that Vancouver is loaded with young talent and few threatening players who can protect those players like Elias Pettersson, who took a number of cheap shots over the course of the season would be quite valuable to the Canucks.

Eriksson, on the other hand, is already 34 years old and isn’t an option as a fourth-line player as he lacks toughness and hasn’t produced much offense over the past three years (32 goals total). There has to be questions whether Eriksson can truly help Edmonton at all, making the trade questionable at best. Staples adds that at best, he might be a below-average third-line winger who can kill penalties, but is that really helping Edmonton? Regardless, unless one of those players can find a way to find their old selves, it’s unlikely either can truly help either franchise.

 

Buyout Watch: Most Likely Candidates As Buyout Window Nears

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At this time next week, there could already be a few notable additions to the impending unrestricted free agent class. The NHL’s buyout window is set to open on Saturday, June 15th, after which teams will have 15 days to buy out unwanted contracts before the month ends and free agency begins on July 1st. This year in particular, there seem to be a surplus of teams upset with their current salary cap position and itching to remove a contract from their books that has not yielded the expected results. Yet, at a cost of two-thirds of the remaining salary and double the remaining term (in most cases), as well as the side effects of pay and bonus structure, it may not always be the best route. The following are some of the top names that could be bought out later this month and the cost to do so:

Corey Perry, Anaheim Ducks

Contract Remaining: Two years, $8.625MM cap hit
Buyout Cost (each year): $2.625MM/$6.625MM/$2MM/$2MM

The most recent name to hit the buyout rumor mill, Perry’s contract is undoubtedly an albatross and it is difficult to see him getting back to the pace and production that initially warranted his high cap hit. A buyout would give the Ducks immediate relief this year and $2MM in years three and four is not bad. However, the 2020-21 cost is not ideal. However, it’s hard to see anyone trading for Perry’s contract with so many unknowns about his game, so this could be the only choice for Anaheim.

Dion Phaneuf, Los Angeles Kings

Contract Remaining: Two years, $7MM cap hit
Buyout Cost (each year): $2.917MM/$5.417MM/$1.417MM/$1.417MM

The Kings want to get younger and faster and want some cap space to improve. Moving Phaneuf accomplishes all of that, and L.A. has good blue line depth to fall back on in the short-term. Like Perry, this buyout hurts in year two, but is otherwise tolerable. The Kings will try to trade Phaneuf and may succeed, otherwise this is a likely buyout scenario.

Scott Darling, Carolina Hurricanes

Contract Remaining: Two years, $4.15MM cap hit
Buyout Cost (each year): $1.233MM/$2.333MM/$1.183MM/$1.183MM

One of the earliest reported buyout rumors was that of Darling, and for good reason. The former star backup has not panned out as a starter for Carolina, a team that made it to the Eastern Conference Final with a tandem of a UFA flier and a veteran waiver claim. The Hurricanes may not have any experienced goalies under contract for next season yet besides Darling, but that won’t stop them from moving on and going back to the free agent market or their talented pipeline for answers, especially with this very palatable buyout and few cap concerns.

Ryan Callahan, Tampa Bay Lightning

Contract Remaining: One year, $5.8MM cap hit
Buyout Cost (each year): $2.667MM/$1.567MM

Callahan won’t be in Tampa one way or another next season. The team is facing a difficult cap crunch and there’s no room for the veteran, who has played little role in recent years. A buyout doesn’t give the Bolts the full savings they’d hope for this upcoming season and a trade likely remains preferable, but Callahan’s stock is not high and a buyout remains the more likely resolution.

Valeri Nichushkin, Dallas Stars

Contract Remaining: One year, $2.95MM cap hit
Buyout Cost (each year): $700K/$450K

Nichushkin’s age makes his buyout fall under the second category of buyout wherein only one-third of the remaining salary is accounted for. As such, his buyout would mean almost nothing for Dallas’ cap calculations. The young winger failed to score a goal last season as a regular player and both sides would seemingly benefit from a split. It’s not certain that the Stars will move on, but should they choose to, a buyout is a painless option.

Brendan Smith, New York Rangers

Contract Remaining: Two years, $4.35MM cap hit
Buyout Cost (each year): $971K/$3.146MM/$1.146MM/$1.146MM

Smith has been a disaster in New York and certainly not the player that the Rangers saw perform well in the postseason as a deadline addition in 2016-17. It’s hard to see a fit for Smith moving forward, even more so than other unfriendly defense contracts like Marc Staal and Kevin Shattenkirk. It’s even more difficult to see him having any trade value, so the team would have to go the buyout route. It’s not a terrible option, but as frequently happens, the year one savings come back to bite with a hefty year two increase.

Karl Alzner, Montreal Canadiens

Contract Remaining: Three years, $4.625MM cap hit
Buyout Cost (each year): $1.069MM/$4.194MM/$2.194MM/$1.069MM/$1.069MM/$1.069MM

Alzner had one point in nine games with Montreal last season, which is enough to say he’s not in the Canadiens’ long-term plans. He could be on their books for a long time to come with a potential six-year buyout structure, but at a relatively low cost most years. Alzner needs a fresh start and it’s fair to assume that Montreal will give him one.

Milan Lucic, Edmonton Oilers

Contract Remaining: Four years, $6MM cap hit
Buyout Cost (each year): $3.625MM/$5.625MM/$4.125MM/$5.625MM/$625K/$625K/$625K/$625K

Loui Eriksson, Vancouver Canucks

Contract Remaining: Three years, $6MM cap hit
Buyout Cost (each year): $5.556MM/$5.556MM/$3.556MM/$556K/$556K/$556K

Lucic and Eriksson have been tied together by rumors all off-season and one more thing they share: poor buyout possibilities. As bad as Lucic’s contract is, based on his drop-off in performance, his buyout is still very expensive for four more years and then extends another four years beyond that. The Oilers would be better off continuing to search for some way to trade him, no matter how slim the chances. As for Eriksson, his front-loaded contract makes a buyout pointless. The Canucks would pay almost the same amount in each of the next two years as if he was still on the team, then would have the cap penalty for another four years after that. Vancouver and Edmonton are likely stuck with these players, unless of course they swap them for each other.

Trade Rumors: Trade Bait, Panarin, Condon

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For everyone but the Boston Bruins and St. Louis Blues, the off-season is already in full swing and with the NHL Draft less than three weeks away, the rumor mill is starting to heat back up. TSN’s Frank Seravalli has updated his Trade Bait list and it features a whopping ten new names out of 25 total players. Leading the way among the newcomers is talented, young Philadelphia Flyers defenseman Shayne Gostisbehere. Gostisbehere has emerged as a candidate to move if the Flyers can land a top-six forward in exchange, as they look to be aggressive this off-season. Also new to the list are names included in the overturned Phil Kessel-to-Minnesota trade, Jack Johnson and Victor Rask, with Jason Zucker and Kessel now long-time fixtures. Another player tied to recent rumors making his trade bait debut is the Vancouver Canucks’ Loui Eriksson, who has been linked to former teammate Milan Lucic, also on the list, and the Edmonton Oilers, but could move in any number of possible deals. As the Florida Panthers look to shake up their roster in free agency, James Reimer and Mike Hoffman have made the list as possible cap space casualties. So too have Toronto Maple Leafs teammates Nazem Kadri and Mitch Marner, even though Seravalli himself agrees that a Marner trade is a long shot. With plenty of talent filling the early off-season trade bait board, it could be a busy summer for high-profile trades, some of which could begin even before the draft kicks off on June 21st.

  • A seemingly curious continued presence on the trade bait list is that of Artemi Panarin. It was one thing for Panarin to be atop the list as the trade deadline approached and the Columbus Blue Jackets were unsure whether or not they would sell the all-world forward. However, after keeping Panarin, an impending unrestricted free agent, it may seem that his trade value has now disappeared, since he is weeks away from hitting the open market. However, as a 27-year-old premiere free agent, both Panarin and his suitors will be interested in that eighth year of contract term that is only available to the incumbent team. As such, the Blue Jackets could look to squeeze the very last drops of value out of Panarin by trading his rights before the league year ends, allowing a new team to sign him to an eight-year extension rather than a seven-year free agent contract. While possible, and often valuable, acquiring UFA signing rights is not as frequent a move as one might expect. The last team to do so was the Florida Panthers in 2016, adding an expiring Keith Yandle for a a sixth-round pick and conditional fourth-round pick. That same year, the Arizona Coyotes did the same, bringing in Alex Goligoski on the tail end of his contract with the Dallas Stars for a fifth-round pick. Not since Ilya Bryzgalov in 2011 has a player’s UFA rights drawn more than a fourth-round pick at best, but Panarin is a unique player and Columbus could land a third-round pick or more in exchange for the opportunity to sign him to that one extra year – and to keep him from testing the market.
  • Unsurprisingly, the extension of goaltender Anders Nilsson in Ottawa has prompted speculation that the Senators will try to move overpaid third-string option Mike Condon. The Ottawa Sun’s Bruce Garrioch writes that Condon’s “days are numbered” with the team, as there’s no room for him in Ottawa behind Nilsson and Craig Anderson and he’s not wanted in Belleville with Filip Gustavsson, Joey Daccord, and possibly Marcus Hogberg in the mix. Cap space is not a problem for the Senators, but Garrioch still believes they would prefer to trade Condon and all or part of his $2.4MM salary next season rather than buy him out at the cost of $400K next year and $1MM the year after. Garrioch can only make a case that perhaps some team with weak goalie depth would be interested in Condon as a strong AHL option next season, as the 29-year-old is unlikely to be considered a regular NHL option. Perhaps after the free agent goalie market shakes out in early July, the Senators will be able to find a partner who missed out on their targets and could use Condon’s services. Otherwise, a buyout does seem to be the more likely route.

Snapshots: Eriksson-Lucic, Markov, NWHL

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The rumor that just won’t go away early this off-season is a potential swap between Western Canada rivals Vancouver and Edmonton of Loui Eriksson for Milan Lucic. Originally thought to just be a hypothetical deal – one that readers were split over – it turns out that the possible exchange of bad contracts has actually been discussed. TSN’s Jason Gregor reports that sources within the Canucks organization say that GM Jim Benning and company did actually sit down with the Oilers to discuss a trade centered around the two former Boston Bruins. However, Gregor notes that these talks took place in April and May and does not specify whether new Edmonton GM Ken Holland has been involved in any of those discussions. On paper, there is a discrepancy between the term and contract structure of Lucic and Eriksson, making Eriksson the lesser of two bad contracts. Yet, Lucic has been slightly more productive and brings a consistent physical edge. Eriksson arguably has the higher ceiling though, if he is able to stay healthy. Any deal between the two sides would likely have to provide an additional benefit to the Canucks, beyond just bringing home the Vancouver native Lucic, likely in the form of a pick or prospect. But the idea that the two sides have actually had talks about a trade takes this rumor from a convenient hypothetical talking point to an actual trade that could, and may even be likely, to go down this summer.

  • A rumor that did go away has surprisingly resurfaced. TSN’s Andrew Zadarnowski reports that former Montreal Canadiens defenseman Andrei Markov is drawing considerable attention on the open market. Markov, 40, is a free agent after his two-year deal with the KHL’s Ak Bars Kazan expired and he is considering all of his options. No sooner did Markov leave for the KHL than did word get out that he was eyeing an NHL return, but nothing came of it. Now, Zadarnowski states that he has already received three NHL offers, as well as a KHL offer, while Kazan has publicly stated that they would be open to re-signing the veteran leader. The NHL interest may come as a surprise, but Markov has stayed productive even in his older age, recording 47 points over two seasons in the KHL and 36 points in 62 games in his final season with Montreal in 2016-17. Surely no team in North America is willing to offer Markov a multi-year deal at age 40, but a one-year flier may work out well in the right situation.
  • “Unless there is a change of heart soon”, don’t count on women’s professional hockey in Canada in 2019-20. After the Canadian Women’s Hockey League folded earlier this spring, the National Women’s Hockey League announced a planed expansion into the Canadian market with teams in Toronto and Montreal. However, with 200 of the game’s best female players on strike, the Associated Press reports that the NWHL is likely to hold off on expansion talks until next year. The league will continue operating with five American teams and will keep working toward a resolution that is best for the game of women’s hockey.

Oilers Have Considered Buying Out Milan Lucic

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Prior to the hiring of Ken Holland as GM, the Oilers had been considering the possibility of buying out winger Milan Lucic’s contract this summer, reports Sportsnet’s Elliotte Friedman in his latest 31 Thoughts column.  On the surface, this seems like a reasonable idea but given the front-loaded, bonus-laden structure of the contract, many had viewed his deal as virtually buyout-proof.  Courtesy of CapFriendly, here is how the breakdown of a buyout would go:

2019-20: $3.625MM
2020-21: $5.625MM
2021-22: $4.125MM
2022-23: $5.625MM
2023-24: $625K
2024-25: $625K
2025-26: $625K
2026-27: $625K

Considering that Lucic carries a $6MM cap hit, the savings would be minimal.  While they could certainly use the $2.375MM in extra space for next season, the fact that they wouldn’t save enough cap room in two of the next three years to roster someone making the league minimum makes going that route a short-term solution at best.

In an ideal world, finding a suitable trade for Lucic would be the best case scenario, as long as the incentive they provide to take on the contract isn’t too steep.  Friedman notes that they tried to do so last summer but that their price was unrealistic.  Considering that his output dipped even more this past season (6-14-20 in 79 games), Holland’s tune may be a bit different now compared to Peter Chiarelli a year ago.

While it’s true that sending Lucic to the AHL would yield $1.075MM in cap savings (it would go up by $50K in 2021-22), his no-move clause makes that a challenge as he could very easily invoke that to block a demotion.  Assuming he’s unwilling to go to the minors, that makes a trade or a buyout the only options to remove him from the roster and while a buyout would give them a bit more breathing room for 2019-20, it would come at a pretty significant cost after that.  As a result, expect to hear Lucic bandied about in trade discussion in the weeks to come.

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