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New York Rangers Won’t Rule Out Buyouts

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The New York Rangers are on their way to a quick rebuild, armed with a huge number of young talented players that should make an NHL impact as soon as this season. That’s why they’ve been connected to several top free agents, who could potentially propel them back into the playoffs right away. The question of whether they can afford said free agents has also been asked however, given some of the bad contracts still on the books for another few seasons. GM Jeff Gorton spoke about that with Larry Brooks of the New York Post about the team’s offseason, and admitted that they haven’t ruled out buying someone out this summer.

Brooks suggests two candidates for the process, Brendan Smith and Kevin Shattenkirk, who combined would save the Rangers more than $8MM in cap space this season if bought out. The first buyout window opens on Saturday, but another one will also open later in the summer as long as multiple restricted free agents file for arbitration (the Rangers currently have six players in the organization eligible to file). The scribe also notes that the team has found no interest on the trade market for either player, even offering to retain 50% of their remaining salary.

Smith, 27, has performed poorly since signing his four-year $17.4MM contract with the Rangers in 2017. He ended up clearing waivers and being sent to the minor leagues in 2017-18, and even suited up at forward several times this season just to get him into some game action. In 63 games during the 2018-19 season he recorded just 13 points.

Shattenkirk meanwhile was the prize of free agency in 2017, but ended up signing just a four-year $26.6MM deal in order to play for New York. That relatively short term looks like a brilliant decision by the Rangers now, given how far his game has fallen since the deal was inked. Once a premiere offensive defenseman that logged at least 40 points in five consecutive (full-length) seasons, Shattenkirk has seen his point production fall off and his playing time with it. He recorded just 28 points in 73 games this season and was a healthy scratch at times. While he still provides excellent possession numbers, it’s clear that head coach David Quinn can’t trust him enough in the defensive zone to give him the 22+ minutes a night he was once earning in St. Louis.

Even if they don’t go down the buyout road, the Rangers are in pretty good health financially when it comes to the salary cap. Only two players on the entire roster are signed for more than two seasons, and both—Brady Skjei and Mika Zibanejad—are young enough that a decline should not be expected during those deals. Nearly the entire forward core is on their last season under contract, meaning the team can structure their salary situation however they please over the next 12 months. If that includes going after a big name in free agency so be it, but it also could revolve around new deals for players like Chris Kreider, who will enter next season as a pending unrestricted free agent and top trade bait if the year starts without an extension.

Photo courtesy of USA Today Sports Images

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.

Jeff Skinner, Buffalo Sabres Agree To Long-Term Extension

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9:27 PM: It is official now and McKenzie was right on the mark with the terms. The Buffalo Sabres have announced an eight-year, $72MM extension with leading goal scorer Jeff Skinner. Skinner’s eight-year term is the NHL maximum and one only the Sabres could have awarded him. His new $9MM AAV is one that only 13 other forwards have topped, including teammate Jack Eichel. The Sabres hope that this investment can keep those two stars playing together on the team’s top line and dominating the competition en route to a return to the postseason.

8:46 PM: It was widely assumed that the Buffalo Sabres and star forward Jeff Skinner would eventually come to terms on a contract extension. After all, both sides benefited from the partnership in year one. Skinner enjoyed one of his best seasons to date, including potting a career-high 40 goals, while the Sabres landed a surefire top-line forward, who finished third on the team in scoring and found chemistry with young centerpieces Jack Eichel and Sam Reinhart. Now, it appears that this speculation is about to pay off. TSN’s venerable insider, Bob McKenzie, reports that Buffalo is closing in on signing Skinner to an eight-year extension, thought to be in the realm of $9MM AAV.

If this $72MM deal comes together, Skinner could wind up in the upper echelon of NHL players when it comes to contract value. P.K. Subban, the only other player in the league with a $9MM cap hit, is currently ranked 16th in the league in AAV. The next players on the list are at $9.5MM, likely outside of the projected ranger for Skinner, but anything between a $9MM and $8.7MM AAV would put Skinner right there with Subban. Among those Subban would pass up include Sidney Crosby, Leon Draisaitl, Steven Stamkos, Claude Giroux, and Logan Couture. Obviously, the salary cap ceiling is increasing and Skinner’s cost is a function of that, but this is still a considerable leap for a player whose last contract was a six-year deal with a $5.75MM AAV with the Carolina Hurricanes.

Whether or not Skinner’s reported new value is a fair representation of his ability is up for debate. What’s not up for debate is that Buffalo can afford to offer this contract and possibly overpaying is better than the alternative. The Sabres are currently ranked 25th in committed salary cap entering the off-season with more than $29MM in space and Skinner is arguably their only priority free agent. Buffalo is a team that desperately want to improve, especially after a hot start was followed by an embarrassing second half and would up in yet another disappointing finish. Letting Skinner walk in free agency would be a nightmare for the team and GM Jason Botterill would rather gamble with his job down the line than almost surely lose it in the present if he failed to retain or somehow substantially replace Skinner. Will the 27-year-old be worth $9MM when he’s 35 years old? Almost certainly not, but that’s the trade-off of every long-term UFA contract. In the short-term this would be a great deal to hold on to a talented player who has been a great fit.

Snapshots: Capuano, Roslovic, Tryamkin

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New Ottawa Senators head coach D.J. Smith was given full control over hiring his staff, has yet to make any additions. However, a familiar name could be on the way. The Ottawa Sun’s Bruce Garrioch reports that former New York Islanders head coach Jack Capuano is in talks to join the team. Capuano spent seven years as the Isles’ head coach and was an assistant for the Florida Panthers over the past two years. However, he became a free agent when new Panthers’ hire Joel Quenneville decided not to retain his services. A former AHL head coach as well, Capuano brings experience, but also a familiarity with working with young players, of which the Senators have plenty. Garrioch adds that GM Pierre Dorion stated today that the team hopes to have some assistants in place before the upcoming NHL Draft, meaning Capuano’s official addition could be imminent.

  • The Athletic’s Aaron Portzline reports that Winnipeg Jets forward Jack Roslovic has fired long-time agent Ken Robinson. Roslovic was a first-round pick of the Jets in 2015, but has been buried on the team’s organization depth chart and unable to break out. Roslovic has reportedly requested a trade out of Winnipeg several times and he remains unhappy with his current role, despite finally playing a full NHL season last year. With a number of difficult decisions to make this off-season up against the salary cap, the Jets may not be eager to move an affordable piece like Roslovic. Unfortunately, the young forward’s move to a new agent likely implies he wants someone to put more pressure on them to make a move than his last agent did. If Roslovic hits the trade market, expect his hometown Columbus Blue Jackets to be interested.
  • The Vancouver Canucks may have lost prospect defenseman Nikita Tryamkin to the KHL two years ago, but they remain interested in bringing him back. The Province’s Patrick Johnston reports that GM Jim Benning is keeping tabs on the big blue liner and looks forward to hopefully having him back with the team down the road. Tryamkin has one year remaining on his contract with Avtomobilist Yekaterinburg, so the reunion won’t be coming this off-season. However, talks have already begun with agent Todd Diamond about a future deal. Tryamkin initially left the team over frustration with role in the season-and-a-half he spent in North America. However, the 2014 third-round pick has improved his play in Russia and has also developed into a locker room leader for Avtomobilist. He would likely play a much larger role for the Canucks in his second time around.

Patrick Marleau, Toronto Maple Leafs Ready To Part Ways

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A rumor several days ago suggested that the Toronto Maple Leafs would like to move on from 39-year-old winger Patrick Marleau, who is coming off a disappointing season this past season. With Toronto’s general manager Kyle Dubas trying to balance multiple players and their contracts into the team’s already full salary cap, the team was expecting more out of Marleau, who posted his worst goal totals (16) since his rookie campaign back in the 1997-98 season.

While many have squashed the rumors that Toronto was trying to send him to the Los Angeles Kings Friday, Sportsnet’s Nick Kypreos reported late last night during a Headlines segment on Hockey Night in Canada that Marleau would like to leave Toronto and would prefer to be moved to a west coast team:

It sounds like Marleau and the Maple Leafs are set to part ways. The family is going to move back to San Jose. Patrick Marleau has made it clear to the Toronto Maple Leafs that he’d like to get closer to his family once again, which means moving to the west coast area.

That could make Los Angeles a legitimate candidate, despite reports to the contrary. Kypreos also mentioned the Colorado Avalanche and Arizona Coyotes as other options for Marleau, while can you never totally rule out a return to San Jose. The original belief is that with a no-movement clause, the Maple Leafs might have had a challenging time finding a trade partner considering he could reject any offer, but it now looks like Marleau will be much more willing to move on from Toronto. Marleau, who will be wrapping up the final year of the three-year, $18.75MM deal he signed back in 2017, will make only make $4.25MM next season, but does carry a $6.25MM AAV. The Maple Leafs would likely have to attach a pick or prospect to any deal to unload Marleau’s contract and might even have to retain salary to make a deal work.

The Avalanche might be one of the best options for Toronto as Colorado should have more than $37MM in available cap space, although the team has a number of important restricted free agents they must re-sign, including winger Mikko Rantanen. However, Marleau could be a veteran presence the Avalanche wouldn’t mind adding for one season. The other teams would require sending another significant contract back to Toronto, perhaps one with a lower AAV, but longer term. The Kings would have to send back a contract and while they might be willing to move on from some players such as forwards Ilya Kovalchuk (two more years at $6.25MM), Dustin Brown (three more years at $5.875MM) or defenseman Dion Phaneuf (two more years at $5.25MM), none of whom would fulfill Dubas’ desire to free up salary cap space. Arizona, which is another team that must deal with salary cap issues starting this off-season, has a few cheaper options and could be an interesting option, including forward Michael Grabner (two more years at $3.35MM) or defenseman Jason Demers (two more years at $3.94MM).

Prospect Notes: Calder Cup Final, Telegin, Phillips

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The finale of the AHL season gets underway tonight, as the Charlotte Checkers, affiliate of the Carolina Hurricanes, are set to host the Chicago Wolves, affiliate of the Vegas Golden Knights, in Game One of the Calder Cup Final. Neither squad is very familiar with being in this title series; the Wolves are making their first appearance as Vegas’ affiliate, given their parent club just wrapped up it’s second season in existence, while the Checkers have appeared twice in the final, most recently in 1991. The match-up that everyone will be watching for in the series is Cody Glass, the No. 6 overall pick in 2017 and the first draft selection in Vegas’ history, versus Martin Necas, the No. 12 pick in 2017 and Carolina’s top prospect. However, Necas has taken a back seat to several other Checkers forwards this postseason. After scoring 70 points in 72 games to finish fifth in league scoring in the regular season, Andrew Poturalski’s 18 points thus far also lead the postseason. It’s worth noting that Poturalski will be a Group 6 unrestricted free agent this summer and could be on the move in search of more NHL opportunity. Necas’ fellow AHL rookie, Morgan Geekie, has been right up there with Poturalski in playoff scoring, registering 15 points so far. Tomas Jurco and Aleksi Saarela have also played well for the Checkers, as has experienced defenseman Trevor Carrick. As for the Wolves, it has been goaltender Oscar Dansk leading the way, posting a .921 save percentage and 2.16 GAA through 14 starts. Up front, it’s been the veterans getting the job done, with Tomas Hyka, Curtis McKenzie, and Tye McGinn all among the AHL’s top ten in scoring this postseason. Rookie defenseman Zach Whitecloud has also been a revelation and continues to make a strong case for playing in Vegas next season. Everything considered, this should be a balanced, hard-fought series between two talented teams who are excited to be in the final. The schedule for the Calder Cup Final can be found here.

  • The Winnipeg Jets made a nice value addition this morning, signing Russian power forward Andrei Chibisov. As the team attacks their difficult salary cap situation this summer, affordable impact deals could be crucial and the team hopes Chibisov will pan out. Unfortunately, one of his fellow countrymen won’t be joining him in Winnipeg. Ivan Telegin, a draft pick of the Atlanta Thrashers all the way back in 2010, has opted to re-sign with his KHL club, CSKA Moscow. The team announced a new three-year deal with Telegin that likely rules out any potential future in the NHL. There was some thought that Telegin would consider returning to North America, where he previously played three seasons in the OHL and one season in the AHL, following a career-best KHL campagin. Telegin recorded 22 points in 49 games this season, production levels he hadn’t reached since his junior days. A player of similar size and ability to Chibisov, Telegin would have been another bottom-six option for Winnipeg, but with a long-term extension in Russia and his draft rights set to expire, it seems the pairing was never meant to be.
  • According to Jess Myers of the Grand Forks Herald, Pittsburgh Penguins prospect Clayton Phillips is on the move. Phillips, a third-round pick in 2017, just wrapped up his sophomore season at the University of Minnesota, but it appears it will be his last. Myers reports that Phillips is expected to transfer out of Minnesota and to a different NCAA institution. This likely means that he will have to sit out of college hockey next season due to NCAA transfer rules. In the meantime, Phillips is expected to return to the USHL’s Muskegeon Lumberjacks. The 19-year-old defenseman initially joined the Gophers earlier than expected, jumping in midway through the 2017-18 season. Sources that Myers spoke with felt this was a mistake, as he was not yet mature enough for the college game. It showed, as he was held scoreless in eleven games and got into frequent penalty trouble. This past season, Phillips improved to the tune of ten points in 34 games, but struggled defensively and simply wasn’t playing to the level that he, the university, nor the Penguins likely expected. A year back in juniors could be good for Phillips development, as the mobile blue liner can regain confidence in his abilities. Myers then speculates that he could join Penn State University or Colorado College in 2020.

Combine Notes: Marner, Dubas, Johnson, Turcotte

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Toronto Maple Leafs fans may be nervous about the prospect of a Mitch Marner offer sheet, especially after some recent comments, but GM Kyle Dubas isn’t. Dubas tells NHL.com’s Mike Zeisberger that he has used the ongoing NHL Scouting combine as an opportunity to meet with Marner’s agent, Darren Ferris, in hopes of getting a new deal done with their star forward as soon as possible:

We’re not letting any time slip away. Any chance we’ve had to have time with Darren, we’re taking it. We’re trying to move it along. That’s really the key. I don’t see any need to delay it. We would like to come to agreements the very first minute we can. Unfortunately with the way things are it’s not overly realistic to think we can do that. Just keep working. I think I said before — we have to go back to check the tape — everyone knows how we feel about Mitch. I’m not afraid to say that Mitch holds a special place in the cosmos of our group… The reality is, Mitch is a great player. We’ve been very clear how we feel about him as a player and a person. He’s been a great Maple Leaf. He should be a Maple Leaf his whole career. I think Mitch and Darren have both stated that at times. We’re going to keep working with Darren to move this along and progress it ahead and come to an agreement which will make Mitch feel like he’s compensated at the level he’s deserved and us with a way to navigate our way ahead. I think if we’re all willing to work towards it we’ll get there. That’s what we have the time for here.

Dubas continues that he would be surprised if Marner were to entertain the idea of an offer sheet and has never been led to believe that it has been discussed as an option by Marner’s camp. Dubas knows that Marner, as well as Kasperi Kapanen and Andreas Johnsson, could be popular targets for the elusive offer sheet, but is prepared to deal with that scenario if it arises:

I think you have to study what the probability may be. You can’t ignore it. You can’t just say that because something hasn’t happened, it won’t happen. You have to be realistic. You have to look around and identify which teams have the capital, which teams have the cap space, and which teams have the combination of both… That’s the way we’ve gone about it. As a management group, our focus has been on finding contract resolutions with Mitch and Johnsson and Kapanen.

By all accounts, Dubas is farther along in talks with all three of Marner, Johnsson, and Kapanen than he was with William Nylander at this time last year. Nylander of course held out well into the start of this past season, but that doesn’t appear to be the likely outcome for any Toronto RFA’s this year. And while the threat of offer sheets exist, that too doesn’t seem to be a probable ending. The question thus becomes, if new contracts can be signed with Marner, Johnsson, and Kapanen, where does it leave the Maple Leafs in salary cap terms and who will have to move this summer to make the team cap compliant?

  • While NHL executives and agents alike obviously use the NHL Scouting Combine as an opportunity to talk to one another, the focus of course is on the draft class. One prospect in particular has been busier than just about anyone at the combine. NBC Sports Chicago’s Slavko Bekovic reports that American defenseman Ryan Johnson is the only player in attendance thought to have met with all 31 NHL teams. Johnson is not your typical popular top-of-the-first prospect, though. Instead, he has been ranked as high as No. 18 and as low as No. 55 by reputable scouting sources and many teams are likely still trying to gauge whether or not he is a first-round caliber player. To his credit, Johnson will at least likely go ahead of many highly-regarded U.S. National Team Development Program defenders after he himself did not make the team. The stalwart defenseman for the USHL’s Sioux Falls Stampede is a solid, mobile defenseman and a strong locker room presence, but the question is whether he is a top-31 player in this draft. Every team in the league will apparently get the chance to answer that question.
  • Bekovic also reports that Illinois native Alex Turcotte, a top-ten prospect, has met with his hometown Chicago Blackhawks this week. While the Blackhawks have met with several other intriguing prospects who they could select at No. 3, including Bowen Byram, Dylan Cozens, Kirby Dach, and Peyton Krebs, it’s hard to ignore the fit that Turcotte would have with the organization. The USNTDP standout told Bekovic that he grew up a big Blackhawks fan and has always dreamed of playing for the team. He also models his game after Jonathan Toews and relishes in the frequent comparisons between the two. GM Stan Bowman is not going to let sentiment dictate a crucial pick for his franchise, but Turcotte’s talent alone may make him the third-best player in this class, with the local ties just an added bonus.

Pacific Notes: Perry, Bennett, Smith, Clarkson

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One major decision that the Anaheim Ducks must make is decide what to do with longtime star Corey Perry, who has struggled with injury and a decline in play recently. The former superstar scorer saw his totals drop to 19 goals in 2016-17; 17 goals in 2017-18; and just six goals, albeit in 31 games last season. With two years remaining at $8.625MM, the team must decide whether to keep him around or buy him out.

Eric Stephens of The Athletic (subscription required), in a mailbag piece, writes that the team might be better off challenging the 34-year-old to attempt a comeback rather than a buyout. If the team attempts to buy him out, it would save quite a bit of money this season, but still leave them with a $6.625MM cap hit for next season, all for paying him not to play for them. The team has to hope that Perry can bounce back with a 20-goal campaign and make his contract look acceptable. Unfortunately, Perry’s six goals and 10 points over 31 games last year only would have translated to 16 goals and 23 points over a full season. Probably not the return, the would like.

  • Sportsnet’s Eric Francis writes the Calgary Flames should be worried about losing forward Sam Bennett to an offer sheet. The scribe writes that Bennett, who will be a restricted free agent this summer, is the type of player who wouldn’t cost too much in compensation for other teams as a contract between $1.82MM and $3.65MM would only cost a team a second-round pick. Considering the salary cap issues that the Flames are in with the need to re-sign Matthew Tkachuk, several other restricted free agents and two starting goaltenders, the team might not be willing to spend $3.65MM to retain the 22-year-old Bennett, who scored 13 goals and 27 points last season. Francis writes that the Vancouver Canucks could be the perfect team to attempt to sign Bennett to an offer sheet.
  • In a separate piece, Francis writes the Flames must also make a decision on whether to bring back goaltender Mike Smith, who struggled for much of the season until the end when he played much stronger for the Flames in the stretch run of the season. Smith, who will be an unrestricted free agent this summer, has indicated a willingness to return next season, but would there be better options? While Robin Lehner, Sergei Bobrovsky and Petr Mrazek would all likely be out of Calgary’s price range, the team could consider trading for a goalie such as Jake Allen or attempt to sign Semyon Varlamov, who at 31, might come at a reasonable price.
  • Sportsnet’s Elliotte Friedman, in his 31 Thoughts column, writes that the Vegas Golden Knights are likely to explore trading away the contract of David Clarkson. If the Golden Knights can find a team that would be willing to take on his $5.25MM cap hit, it could seriously ease some of Vegas’ salary cap concerns as the team is already projected to be above the salary cap for next season with just 19 players under contract so far. One benefit is that Clarkson is due only $3.25MM in cash, which could make him easier to trade to a team with extra cap room along with either a prospect and/or pick.

Golden Knights Notes: Salary Cap, Gusev, Gambling

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Trusted salary cap database CapFriendly has rolled over their site to the 2019-20 season already and one of the most eye-grabbing results is just how much trouble the Vegas Golden Knights are already in. Using a projected salary cap ceiling of $83MM, up $3.5MM from this season, at the top of the projected salary list is Vegas, who are already $125K over the cap with more than $83MM committed to just 19 players. A further inspection reveals that the Knights have just one goaltender, Marc-Andre Fleury, and six defensemen signed as of now, with no room to make any further additions. GM Kelly McCrimmon and company will have no choice but to shed salary this summer, at the very least just to re-sign restricted free agents like William Karlsson, Nikita Gusev, Jimmy Schuldt, and Malcolm Subban. Any free agent signings beyond that will require further sacrifice. Despite being just two years into their existence, Vegas has already accumulated an incredible amount of salary, mostly due to major contracts handed out to the likes of Mark Stone, Nate Schmidt, Alex Tuch, Shea Theodore, Max Pacioretty, Paul Stastny, and Fleury, all signed since this time last year. Golden Knights fans should be prepared for some tough moves, as solving this problem won’t be as easy as simply placing David Clarkson on the injured reserve. Inaugural Knights like Jonathan Marchessault, Reilly Smith, Cody Eakin, and Colin Miller are among the most likely casualties.

  • Even in the midst of his new team’s cap crunch, Nikita Gusev is expecting and hoping to re-sign with Vegas. Gusev, whose rights were acquired from the Tampa Bay Lightning at the 2017 NHL Expansion Draft, finally jumped to the NHL late this season after a decorated career in the KHL. The 26-year-old forward burned his one-year entry-level contract, despite not playing, and is now a restricted free agent. He tells Russian hockey source Sport-Express, as translated by The Sin Bin, that he likes Las Vegas and feels he owes it to the team to re-sign with them if made a reasonable offer. Gusev acknowledges that he will likely receive other offers, either from KHL clubs overseas or in the form of an NHL offer sheet, but he will wait for Vegas’ initial offer before making any decisions. What might it cost the Knights to retain their newfound weapon? The interviewer suggested to Gusev that a $4MM AAV could be the ballpark price and he did not disagree. He would only confirm that he expects a one-way deal, but did not talk specific finances. Overall, Gusev sounded very flexible about getting a deal done and even acknowledged that he would be open to playing in the AHL if that is what is asked of him. That seems like an unlikely route for Vegas to take, but Gusev’s attitude at least implies that this negotiation process and first full year in North America should go smoother than it did for Vadim Shipachyov. If (when) the Golden Knights are forced to sell off scoring this off-season, Gusev could be an ideal candidate to take on a major role next season.
  • Speaking at a conference today, NHL Commissioner Gary Bettman projected the successful growth of betting on hockey by using the Golden Knights as an example, per TSN’s Rick Westhead. In Nevada, where sports gambling is legalized, hockey bets grew by 60% in Vegas’ inaugural season and again by 40% this season. While Nevada, and Las Vegas in particular, is the unofficial gambling capital of the United States, the U.S. Supreme Court’s decision in Murphy v. NCAA last summer allows all states to decide for themselves whether or not to allow for legalized gambling. Many states already have sports books up and running and many more will soon follow. If the growth exhibited in Nevada in regards to betting on hockey is replicated by other states, it will be a key growth factor for the game and the NHL and one that Bettman will surely try to take advantage of as best he can.

Ryan Callahan “On The Outside Looking In”

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Even with all the relative bargains they’ve signed over the last few seasons, the Tampa Bay Lightning will be facing a cap crunch again this summer. The team already has more than $74MM committed in 2019-20 contracts according to CapFriendly, and has a huge negotiation coming up with restricted free agent Brayden Point. Knowing that, GM Julien BriseBois will likely have to make some room by trading away at least one of their highly paid forwards, and Ryan Callahan is the obvious choice given his declining production. That’s no secret to the veteran forward, who told Joe Smith of The Athletic (subscription required) as much:

Obviously there’s a salary cap crunch, and it doesn’t take a scientist to figure out right now I’m on the outside looking in. Whatever happens, happens. But I was really happy with how I finished the year.

Callahan, 34, has been limited by injuries over the last three seasons and recorded just 17 points in 52 games this year. The former New York Rangers forward is still an effective defensive player and brings a ton of leadership, but his $5.8MM price tag is just too expensive for the kind of production he brings. Smith and his colleagues from The Athletic examine five teams that could be potential destinations for Callahan this summer, though it is not yet clear who will be on his 15-team trade list of places the team could send him without his consent.

A trade is not the only way the Lightning could get out from under Callahan’s deal, as a buyout would save them more than $3.1MM this season. The downside to a buyout would be the $1.57MM cap hit incurred for the 2020-21 season, but it would also mean the team doesn’t have to give up an asset to ship him somewhere. Theoretically the team could actually pull off a similar transaction as the one that Brooks Orpik went through last summer, when the Washington Capitals sent him to the Colorado Avalanche for a buyout before re-signing him at a lower price.

If it is the end for Callahan in Tampa Bay, his time there will likely still be seen positively despite the lack of production over the last few seasons. He was a big part of the team when they went to the Stanley Cup Final in 2015, and has never been accused of giving anything but his full effort when on the ice.

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