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Toronto Maple Leafs Making Progress On Auston Matthews Extension

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A topic of speculation for years around the hockey world has been offer sheets and how teams could use them as predatory strikes against rivals, driving up cap hits or attempting to steal their best players. One team in particular that is targeted with hypothetical situations is the Toronto Maple Leafs, who have heard that just about every team in the league is preparing to sign both Auston Matthews and Mitch Marner to offer sheets this summer. The Maple Leafs are in a tricky financial situation after signing William Nylander and John Tavares to expensive long-term deals, meaning it would be tough for them to match the lucrative offers some other franchises could wave in front of their other young stars.

There are so many barriers before anything like that actually happens though, and one of them is simply the Maple Leafs signing Matthews or Marner to a long-term extension before they even reach restricted free agency in the first place. Though that won’t take place with Marner, whose representatives have made it clear they will wait until after the season to start negotiating, it very well may happen with Matthews. Today, when speaking with reporters in Toronto including Chris Johnston of Sportsnet, GM Kyle Dubas explained that the team has “made progress” on an extension for their explosive sniper. Dubas would like the deal done before the trade deadline if possible.

Matthews, 21, is having another fantastic season for the Maple Leafs with 20 goals and 42 points in 34 games. Though he missed a fair chunk of time earlier in the year—and is in something of a slump at the moment—he’s still poised to have quite the resume when discussing any long-term extension.

When Connor McDavid signed his record-setting eight-year $100MM extension in 2017, he had just 148 points in 127 games. McDavid had missed nearly half of his rookie season with injury, but was fresh off an 100-point year and a pile of individual awards. Jack Eichel meanwhile had just 113 points in 142 games when he signed his eight-year $80MM extension with the Buffalo Sabres, who were betting on his potential more than his production in the early part of his career. He too missed games as a sophomore, and didn’t have quite the lofty statistics that McDavid had recorded.

Matthews then may fall somewhere in the middle given what he’s done so far. The Toronto center has 174 points in 178 games including a 40-goal campaign and Calder Trophy as a rookie in 2016-17. He ranks seventh in goals since the start of that season with 94, despite averaging fewer than 18 minutes a night over that span.

The salary cap has gone up since McDavid and Eichel signed their contracts though, meaning the same percentage would be worth more if Matthews were to sign today. For instance, if he matched the same 13.33% that the Sabres gave to Eichel, Matthews’ deal would come in around $10.6MM per season going with this year’s $79.5MM cap. That would seem to be his floor, though the Maple Leafs will surely try to get him in at the lowest possible number.

Toronto already has an $11MM player in Tavares, and very well could have two more eight-digit earners in Matthews and Marner next season depending on how negotiations go. That kind of commitment to a handful of forwards will put a strain on the rest of their roster, especially given that young players like Kasperi Kapanen and Andreas Johnsson are also set to hit restricted free agency. Getting Matthews under contract as soon as possible will give the front office more time to figure out how everything is going to work, and decide whether or not they can actually acquire a player with any kind of term at the upcoming trade deadline.

Photo courtesy of USA Today Sports Images

The Anaheim Ducks And The Issue Of “Tagging”

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Anaheim Ducks GM Bob Murray has been a busy man this season, orchestrating four of the past seven trades in the NHL and nine deals overall since the regular season began. Yet, as his team continues to dwell on the fringes of the Western Conference playoff picture, Murray is left to ponder other moves to either improve his roster or sell off what few valuable rental pieces he has. Outside of recent additions Michael Del Zotto and Derek Grant, who are unlikely to be flipped, the Ducks have only three other notable impending unrestricted free agents: forwards Jakob Silfverberg and Brian Gibbons and currently injured goaltender Ryan Miller. Many have speculated that Silfverberg could be the next player shipped out of town, but Murray was quick to state recently that he will continue to work toward an extension with the top-six winger instead.

However, when it comes to either re-signing Silfverberg or adding another piece before the trade deadline, Sportsnet’s Elliotte Friedman cautions that it may be easier said than done due to an obscure salary cap rule. “Tagging” is a rule in the NHL Collective Bargaining Agreement that limits teams from surpassing the current season’s salary cap in terms of future salaries. The wording of the CBA is as follows:

Until such time as the Club has or makes Payroll Room in the current year in excess of such Tagged Payroll Room, the Club may not engage in any Player transactions requiring Payroll Room, including but not limited to, acquiring an SPC or “extending” or entering into a new SPC.

In layman’s terms, this simply means that teams are not permitted to acquire players with non-expiring contracts or agree to new contracts with current players that would put a future season’s payroll above the existing salary cap. Although the current salary cap ceiling of $79.5MM is almost guaranteed to increase next season, perhaps even substantially, and even though cap hits toll as the season progresses, allowing teams to acquire players they otherwise could not have afforded earlier in the year, they still may not surpass the current cap limit when it comes to the future.

For the Ducks, this rule is especially topical. Anaheim has 16 non-waiver exempt players under contract next season at a total of $70.4MM, the most committed salary of any team in the league. Projecting their 23-man roster payroll for next season easily exceeds $74MM. Even after cutting future salary in the Andrew Cogliano–Drew Shore swap, the Ducks have little room to maneuver while avoiding a “tagging” problem. Without moving out another long-term player, Anaheim would likely struggle to extend Silfverberg in the current league year to a salary exceeding $5-6MM. Given that Silfverberg is currently underpaid at just a $3.75MM AAV, the proven two-way forward is very likely to land in that range. Similarly, the Ducks would be hard-pressed to add a player with term remaining at a cap hit in or above that range. Even if they did find a way to make one of those moves or the other, it would severely limit their roster flexibility the rest of the way this season.

The question thus becomes, if extending Silfverberg in the current season is not a viable option, should the team consider moving him? Even if they have an oral agreement with Silfverberg to sign a new contract this off-season, they cannot truly know that he is committed to staying in Anaheim until pen meets paper. The Ducks could easily fall out of the playoff race following the trade deadline and Silfverberg could decide he would rather test the market. Meanwhile, the team should be able to recoup some nice trade capital if they did decide to trade Silfverberg and could always re-sign him this summer. Even though Murray seems intent on keeping Silfverberg around, the looming shadow of the “tagging” rule makes it a much tougher situation.

Senators Make Long-Term Offer To Matt Duchene

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The word out of Ottawa in recent years was that owner Eugene Melnyk was hesitant to pay the market price for top talent and did not want his team approaching the salary cap ceiling. Unfortunately, if the Senators have any chance of improving next season after back-to-back bottom-dwelling campaigns, they need to re-sign Mark Stone and Matt Duchene and doing so will certainly not be cheap. While serious extension talks with the former began weeks ago, there is now a promising update on the latter as well. Several sources report that Senators GM Pierre Dorion recently met with Duchene’s agent, Pat Brisson, and began negotiations on an eight-year contract extension.

The first report on this topic came from Sportsnet’s Nick Kypreos late last night, who stated that the initial offer is eight years and $64MM for an AAV of $8MM. While Kypreos feels this is a fair valuation for the the 28-year-old forward, it presents only a $2MM boost from Duchene’s current $6MM cap hit from a contract he signed six years ago with a substantially smaller salary cap limit in place. Duchene is also scoring at a career-high clip of 1.18 points per game and, if he stays healthy, is on pace for 85 points in 73 games this season, also a career best. That could be enough to make Duchene the top-scoring forward on the free agent market or at least among the top three with Stone and Artemi Panarin. Regardless, he will be the most highly sought-after center this summer if he does reach free agency and that knowledge will add a premium to extension talks. Thus, it comes as little surprise that TSN’s Darren Dreger reports that the “ballpark” numbers on an eight-year deal for Duchene are actually $65-75MM total, for an AAV above $8MM and ranging to nearly $9.4MM.

Regardless of the exact numbers, Senators fans will be happy to hear that the team is at least laying the ground work for an extension with Duchene, as well as Stone. With that said, with the NHL Trade Deadline coming up next month, Ottawa will need to work quickly to get the pair re-signed or otherwise need to begin shopping them for the best offer. Sportsnet’s Elliotte Friedman expects that there will be deadlines attached to any extension offers so as to allow the team the time needed to have trade talks if contract talks aren’t going as well. The next few weeks will decide which option comes out on top, but for the sake of the Senators franchise, one would hope that at least one of Duchene or Stone re-up with the club. It is a promising step to hear that they are actually discussing reasonable figures in these initial extension talks and maybe Ottawa fans will have the stroke of good luck they so desperately need with new deals for both players.

Trade Rumors: Hurricanes, Oilers, Nylander

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The Carolina Hurricanes struck arguably the biggest trade of the regular season so far when they acquired Nino Niederreiter from the Minnesota Wild in exchange for Victor Rask earlier today. However, GM Don Waddell is likely far from done. Not long after the deal was announced this afternoon, TSN’s Pierre LeBrun stated that the Hurricanes are still looking to add to their roster. LeBrun speculates that the team will add another top-six forward and will try to tap into their surplus of defensemen and defensive prospects to do so. The Hurricanes have the NHL’s longest playoff drought at nine seasons and would very much like to get back to the postseason this year and are well within striking distance of that goal past the midpoint of the season. While the team has succeeded in many areas this season, they continue to have struggles with scoring and, as LeBrun points out, could desperately use another talented forward. Yet, at the same time, the Hurricanes are also reportedly open to moving one of their most successful scoring forwards this season, Micheal Ferland. Ferland is on pace for a career season in his first year in Carolina, but the two sides had been unable to come to terms on an extension. Following the addition of a very similar player in Niederreiter, Ferland’s time in Carolina could soon be coming to an end. Between listening to offers on one highly-sought after rental forward and actively in pursuit of another top name on the market, the Hurricanes promise to remain in the rumor mill through the trade deadline next month and should have some more fireworks in store.

  • Another team desperate to make the playoffs this season are the Edmonton Oilers. While the Oilers are reportedly willing to move a number of assets for long-term forward help, the hype surrounding a possible Jesse Puljujarvi trade appears to be cooling off and GM Peter Chiarelli may opt for adding an affordable rental rather than making another high-risk trade. In his latest “31 Thoughts” column, Sportsnet’s Elliotte Friedman names the Oilers as a suitor for the New York Rangers’ Mats Zuccarello. The veteran winger has been hot lately and could certainly help with Edmonton’s scoring woes down the stretch. As Friedman points out, and the Oilers surely know as well, Zuccarello also should not be too expensive to acquire. The Rangers received a second-round pick and middling prospect from the New Jersey Devils at the trade deadline last season for Michael Grabner, who was in the midst of a season not dissimilar from Zuccarello’s this year and was also an impending free agent. Chiarelli and company would likely be happy to give up a package such as that to add much-needed help up front.
  • William Nylander is finally under contract and playing for the Toronto Maple Leafs, but it’s been a slow start for the young forward in his return to action and an equally disappointing result for his team since his return. Making too much of that could be a mistake, but facing an impending salary cap crunch and mounting Stanley Cup expectations, GM Kyle Dubas and the Leafs brass have little room for error. Count former Toronto GM Brian Burke among those who would jettison Nylander as soon as possible if they were in Dubas’ shoes. Burke said on Sportsnet today that the front-loaded nature of Nylander’s contract should allow the team to move him and he expects that trade to occur this off-season. Burke acknowledges that Nylander is a talented player, but doesn’t agree with his nearly $7MM yearly cap hit and feels he is too similar to other players on the Leafs’ roster and considers him to be a costly “surplus player”. Whether Dubas and company agree with that assessment remains to be seen, but a Nylander trade this summer is certainly not out of the question.

Panarin Does Not Want To Be Traded, Will Discuss Future With Columbus

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Beginning this off-season, the rumblings that star forward Artemi Panarin did not want to resign with the Columbus Blue Jackets created the impression that a blockbuster trade was inevitable prior to the end of this season, when Panarin becomes an unrestricted free agent. That no longer appears to be the case. In the midst of another strong season for both Panarin and his team, the high scoring winger is hoping to stay in Columbus through the end of the season, his agent, Dan Milstein, told TSN’s “Leafs Lunch” on Friday. Panarin is also reportedly opening up to the idea of an extension with the Blue Jackets.

Milstein stated that he and Panarin plan to meet over the All-Star break in late January to discuss the future. Part of that conversation will be about a potential long-term fit with the Blue Jackets. “He likes it in Columbus. They have a very good, young team… Management has been nothing but great to him…. He wants to help the team to win the Stanley Cup”, Milstein said. Panarin is a very competitive player and Milstein made it clear that last season’s early playoff exit bothered the all-world winger and he hopes to lead the team deeper into the postseason this year. There is also the potential for a long-term fit in Columbus, as Milstein applauded the efforts of young center Pierre-Luc Dubois and said that Panarin has enjoyed playing alongside him this season. While Panarin leads the Jackets with 41 points, the sophomore centerman is not far behind with 32. The promise of that pairing moving forward could be a vital factor in Panarin’s decision.

However, other teams and their rosters will certainly be considered. Milstein was honest that he and Panarin will likely begin discussing his potential fits with other teams when they meet next month. Panarin, still just 27, will likely be the most sought-after forward on the free agent market if he opts to leave Columbus and could pick almost any team to play for given his unique skill set. It has previously been reported that Panarin prefers to play in a coastal metropolitan area, with many speculating that the three New York-area teams, all of whom are in comfortable salary cap situations, are possible fits, while Boston, Florida, Carolina, or one of the three California teams would also be logical landing spots. The competitive Panarin also wants a chance to win the Stanley Cup. Even though he will almost certainly sign a seven-year contract at a minimum and a lot can change in that time, teams’ recent success and talent pool moving forward will also weigh heavily on his decision. As Milstein stated, they believe that the Blue Jackets are one of those talented, young teams that will be a contender moving forward.

One thing that will not affect Panarin’s decision is the future of Blue Jackets goaltender Sergei Bobrovsky, at least not in a personal sense. Although the two are good friends, Milstein said that “they are in no way going to be going as a package”. Bobrovsky appears to be headed for the free agent market, but his likely departure does not necessarily mean that Panarin will leave Columbus simply because his friend is gone. However, how the Jackets plan to handle the massive hole that Bobrovksy would leave in net will definitely be a part of Panarin’s calculations.

Whatever conclusions that Panarin and Milstein come to when the meet in January, if any, the fact remains that in the short-term Panarin is focused on winning with Columbus and that is likely enough to convince Blue Jackets GM Jarmo Kekalainen to hold on to his top scorer in hopes of making a title run. “Hopefully he’ll play through the end of the season, will help them get deep into the playoffs and perhaps help them win the Stanley Cup”, Milstein said, “That’s the immediate goal.” This should come as good news for Jackets fans, who can rest easy about their best player, at least until July 1st.

Trade Rumors: Senators, Blackhawks, Avalanche

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With leading scorer Matt Duchene on injured reserve and expected out for “weeks”, what little chances the Ottawa Senators had of making the playoffs this season are likely to slip away. This was always the expected result of the 2018-19 season for Ottawa, but their efforts thus far to stay out of the basement of the NHL have surprised many and inspired some. However, as reality now begins to finally set in, the team must decide what they want to do with Duchene and fellow impending free agents Mark Stone and Ryan Dzingel. As Ken Warren of the Ottawa Sun writes, Duchene – currently tied for ninth in the league in scoring – will likely ask for an eight-year deal in the ballpark of $60-70MM to remain in Ottawa, reflective of the salary he will likely command on the open market. Stone will be in the same neighborhood, with Dzingel significantly lower albeit not cheap by any means, but the Senators cannot even begin negotiations with the pair until the new year, per the rules pertaining to their recent salary arbitration decisions. As such, the team is dealing with three high-quality expiring assets without any guarantee that they will be re-sign or if the team will be willing to meet their salary demands. In a season in which Ottawa could finish with one of the worst records in the league but lacks their first-round pick – given to the Colorado  Avalanche in the deal that landed Duchene – it stands to reason that GM Pierre Dorion will strongly consider recouping as much trade capital as possible if extensions are not in place by the trade deadline. Given the uncertainly surrounding the ownership status of Eugene Melnyk, whose tactics thus far leave much to be desired anyway, Warren believes that Duchene, Stone, and Dzingel, as well as any other free agent in the coming off-season, will think twice about a future in Ottawa. All things considered, it’s beginning to look like the trio stand a better chance to all be traded away in the coming months than any of them do of signing a long-term extension.

  • The Athletic’s Graeme Nichols wonders if yet another Senator is prime trade bait right now as well. With veteran goaltender Craig Anderson playing his best hockey of the season so far, Nichols opines that Ottawa would be best-served to try moving their starter while his stock is high. While the recent home-and-home series with the Montreal Canadiens did not go so well, Anderson did look very good in wins over the New York Rangers and San Jose Sharks prior, recording 63 saves on 65 shots over the two contests. Anderson also made 48 saves against the Dallas Stars last month and notched wins over the Tampa Bay Lighting and Pittsburgh Penguins. Admittedly, even as this best, Anderson is still a 37-year-old replacement-level goaltender at this point in his career and won’t command much of a return. However, the Senators’ season is sinking and they should get what they can while his value is potentially at its peak. The knock on moving Anderson this season has been that Ottawa has no suitable replacement – backups Mike Condon and Mike McKenna have performed very poorly in limited appearances – and thus trading Anderson means giving up on the season. Yet, with Duchene out long-term, any postseason hopes will fade and moving Anderson will begin to make more sense. As Nichols recalls, Anderson himself also alluded to a desire to move on from Ottawa this summer, so making a deal seems to be in the best interest of all parties. There are plenty of teams out there who would be intrigued by adding an established veteran in net this year and Anderson could soon fill that role.
  • The Chicago Blackhawks made it known yesterday that they are looking to move out some of their defensive depth, but NBC Sports’ James O’Brien asks if they are focused on the wrong players. Rather than try to flip the likes of Brandon Manning or Jan Rutta, for which they would receive relatively little, O’Brien believes that the team’s long-term needs would be better served by trading away a mainstay like Duncan Keith or Brent Seabrook. This is not so cut-and-dry, as O’Brien admits, but would be worth looking into. Both players carry no-trade clauses that Chicago GM Stan Bowman would first need to ask them to waive. Even if Seabrook was to agree, it seems very unlikely that Bowman would find a taker for the depreciating defenseman and his albatross of a contract. If by some chance he does, it would be a small return similar to Manning or Rutta, but with a far greater salary cap relief. Keith is another matter; while not what he once was, the 35-year-old is still a very capable defenseman who would play in the top four for nearly every team in the NHL, at least for now. The worry is that Keith will continue to age and his ability will fall off, while the Blackhawks continue to pay him more than $5.5MM per year and rely on him for top minutes. Removing that crutch (and cap hit) now, in what appears to be another lost season for the team, would give Chicago a strong return that they could use to begin rebuilding the team. The alternative, which also appears to be the current plan, of waiting for the current roster to turn things around, will only increase the risk of injury or drop-off from Keith while damaging his market value as he ages. A move now would be painful to the fan base in the short term, but the right move looking toward the future.
  • One team who could be a dangerous player at the trade deadline this season are the Colorado Avalanche. Per CapFriendly, the Avs are currently projected to have more than $56MM in cap space available at the deadline, or in other words have no limit to the amount of talent they can bring in if they so choose. Colorado is currently tied for the lead in the Central Division with the Nashville Predators and could even emerge as President’s Trophy threats this season. Armed with the best line in the NHL, including the top two scorers in the league, Mikko Rantanen and Nathan MacKinnon, and the best power play as well, the Avalanche are second in goals for per game among all teams. They also play well in their own end, seventh in goals against per game behind the efforts of Semyon Varlamov. Yet, the Avalanche are not without fault and could stand to add a contributor or two both on defense and up front. The team was expected to add top prospect Cale Makar to their blue line by the end of the regular season, but with his college squad, the UMass Minutemen, ranked No. 1 in the nation, Makar could be occupied through the Frozen Four tournament in mid-April. A capable puck-moving defenseman should thus be at the top of the list for Colorado, followed by an injection of offensive ability and two-way accountability among the forward corps, where their secondary scoring and penalty kill could both use work. While the matter of cost in trade capital is another question entirely, the Avalanche will have the cap space to hypothetically address their needs by adding the likes of Jordan Eberle, Kevin Hayes, and Jay Bouwmeester for example. That’s a dangerous premise for other contenders to consider as Colorado continues to excel this season.

Board Of Governors Notes: Salary Cap, Melnyk, Seattle

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The NHL’s Board of Governors Meeting began today in Sea Island, Georgia, as the league’s owners and executives sat down today for the first of two days of discussions. Commissioner Gary Bettman then spoke with the media this evening, apprising the press of certain topics of discussions. The biggest announcement made by Bettman related to the projected salary cap for next season. As relayed by NHL.com’s Dan Rosen, Bettman expects the 2019-20 salary cap to raise to $83MM, a significant jump of $3.5MM for this season’s ceiling of $79.5MM. Rosen notes that this value could change, but that the league has been consistently accurate in their predictions in the past. Such an increase would serve to accommodate the growing salaries of younger players, as emphasized by the recent William Nylander negotiations. With several high-profile players on high payroll teams becoming restricted free agents this summer, this added cushion should help those squads to stay together in a more comfortable manner.

  • TVA’s Renaud Lavoie reports that Ottawa Senators owner Eugene Melnyk is not in attendance at the meetings, which is perhaps why Bettman took the opportunity to speak about his unhappiness with the situation in Ottawa. Sportsnet’s Elliotte Friedman relayed that Bettman is “disappointed” in how the progress on a new arena in Ottawa has been going, although he did not point any fingers and stated that he understands it is a complex process. Nevertheless, with Melnyk’s seemingly poor management of the team, as well as his poor placement in the public eye, and now an admission from the commissioner that he is frustrated with the situation, perhaps the idea that the Senators owner will be forced to sell is not as outlandish as it once seemed.
  • The meeting today did not involve any discussion on the expansion bid of the potential Seattle ownership group, although Rosen reports that David Bonderman and Jerry Bruckheimer were in attendance. Instead, any discussion has been tabled until tomorrow, when the owners will vote on Seattle’s entry into the league. A two-thirds vote in favor of expansion is needed to make Seattle official and there is a strong expectation of such a result. However, the vote also more or less is a vote of realignment, as Seattle will almost certainly be added to the Pacific Division, whereas the Central Division is currently short a team. One organization who could be moved, but has no desire to do so, is the Edmonton Oilers. The team does not want to move to the Central, meaning the Oilers’ and Calgary Flames’ owners could be two potential votes against on Tuesday. If those two teams don’t move, it’s likely the Arizona Coyotes being shifted to the Central and they can’t be too happy about the possible move either.
  • The one piece of Seattle news that did come out today, albeit still not official, is that the team is likely to begin play in 2021. TSN’s Darren Dreger states that no one would go on the record, but that all signs point to the team’s inaugural season being 2021-22. While this is a year later than most expected when the current round of expansion officially began, the delays in making the move official combined with concerns over collective bargaining have hinted at a 2021 start for some time.

Toronto Maple Leafs Lock Up William Nylander For Six Years

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The long-awaited saga between William Nylander and the Toronto Maple Leafs is finally at an end. The Toronto Maple Leafs announced they have signed the holdout restricted free agent to a six-year, $45MM deal, according to CapFriendly. Nylander is expected to be on a plane from Stockholm to Toronto within 10 hours.

“We always tried to stay optimistic,” said general manager Kyle Dubas (via TSN’s Kristin Shilton). “We had our process and we have a great staff…it wasn’t really an emotional experience. It’s my duty to the organization to put the organization in the best possible spot with all our economics. We hope to always avoid [a standoff], but it’s a realistic situation.”

The deal has a complicated structure, especially for the first year. According to TSN’s Bob McKenzie, Nylander’s first-year salary is pro-rated at 10MM (6.67MM), plus a $2MM signing bonus, which comes out to net $8.67MM and a $10.2MM AAV. In the remaining years of the deal, Nylander’s AAV is $6.996MM.

Here is a breakdown of the deal (via CapFriendly):

  • 2018-19: $10MM salary + $2MM signing bonus = $10.2 AAV
  • 2019-20: $700K salary + $8.3MM signing bonus = $6.97 AAV
  • 2020-21: $2.5MM salary + $3.5MM signing bonus = $6.97 AAV
  • 2021-22: $2.5MM salary + $3.5MM signing bonus = $6.97 AAV
  • 2022-23: $2.5MM salary + $3.5MM signing bonus = $6.97 AAV
  • 2023-24: $2.5MM salary + $3.5MM signing bonus = $6.97 AAV

For Nylander, it ends a long holdout as Nylander missed out on 59 days of the season, officially signing five minutes before the NHL deadline for him to sign an NHL contract this year. With rumors that Nylander had been holding out for $8MM and trying to force Dubas’ hand in the rookie GM’s first holdout negotiations, Nylander was forced to settle for under $7MM, which is a win for Dubas.

“I think all offers varied. I’m not going to get into where our offers started and where theirs started,” Dubas said. “I’m happy for our team and I’m happy for William. I wish we had been able to get this done before training camp…happy to add William.”

McKenzie also notes that Nylander received a 10-team modified no-trade clause in the final year of the deal as he is not eligible for a no-trade clause for another five years.

The 22-year-old center was considered to be a key piece of Toronto’s young core, but with the team’s salary cap having tightened up over the past two years with signings to major free agents Patrick Marleau and more recently to John Tavares, the team needed to prove that they could extend some of their younger players for discounts or be forced to break apart some of the team. Nylander is only the first of many of their future contract negotiations as Auston Matthews and Mitch Marner will both be restricted free agents this coming offseason and are expected to get paid even higher than Nylander. The team also have several other key contracts, including Nylander’s on-ice replacement this year in Kasperi Kapanen, who has played well enough to earn himself quite a raise in restricted free agency next season. Andreas Johnsson’s play should also get a boost in pay as a restricted free agent as well. The team also will have to factor in the contract of defenseman Jake Gardiner who will hit unrestricted free agency next season and needs to be locked up.

“I knew people were ready to jam that one down my throat,” Dubas said. “We hope all these guys will be career Leafs. That’s our goal, is to keep it together…We’ve had discussions with [Matthews and Marner’s agents]. We want to avoid a situation where all our players aren’t in training camp. Not [making history] in the way we’d like to [with Nylander deal].”

Despite the long holdout and his $8MM asking price, Nylander fared pretty well. The Maple Leafs had made it clear early in negotiations this summer that they weren’t willing to go past six years at $6MM, so to get an extra $1MM per year is impressive, considering the team’s budget.

TSN’s Darren Dreger  was the first to report the deal.

Is There A Market For Karl Alzner?

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It’s been a brutal 17 months for Montreal Canadiens defenseman Karl Alzner. Well, the first few months after Alzner signed a five-year, $23.125MM contract on July 1st, 2017 were probably okay. Once he actually took the ice with the Habs last season though, it was all downhill. Alzner had capitalized on a weak free agent market – one in which even we here at PHR considered him the third best name – which had inflated his value far beyond what it should have been. Alzner was a solid defenseman for many years for the Washington Capitals, consistently healthy and capable of eating significant minutes. However, he lacked much in the way of offense and in retrospect his defensive abilities were amplified by the copious talent around him on the eventual Stanley Cup champions. Transitioning to a weaker roster in Montreal, Alzner was exposed when asked to play a key role on the Habs’ blue line. Carrying the puck more often, Alzer became a turnover machine. Facing tougher assignments, he was far less effective on defense and took a career high in penalties. And per usual, he contributed just twelve points and was a non-factor on offense.

Entering this season, Alzner and Canadiens fans alike hoped that he could turn it around and return to the shutdown player they felt they had signed for top dollar. However, the organization and coaching staff had other plans. Alzner was a healthy scratch in season opener and to date has only played in eight games with a major drop-off in ice time. Alzner was placed on waivers and subsequently cleared earlier this week and it was fair to wonder whether he had played his last game in Montreal just over a season into his five-year deal. That became much more probable yesterday, when the Canadiens gave Alzner and his agent permission to seek a trade.

Yet, permission to seek a trade is not the same as having concrete interest and willing suitors. Although the Habs have little reason not to accept any deal brought to them – barring an unreasonable amount of retained salary requested – that is just one side of a trade which obviously needs multiple teams. But is there even a market for Alzner? Two years ago, there was ample interest in him on the free agent market, but after a year in which he was exposed as having a game dependent on the talent of the players around him, he’s no longer the prize he once was. Then there’s also the matter of his contract, a relative albatross of four more years at $4.65MM. His stock is the lowest it has ever been, while his price is at it’s highest. That’s a tough combination to sell to a team. Alzner went untouched on waivers, meaning any team interested in acquiring him would also expect the Canadiens to retain some salary or otherwise add another piece to the deal.

Clearly, Alzner is not a player that can do much to help a rebuilding team. His cost also makes him a difficult addition for any team close to the salary cap ceiling. This leaves a narrow group of potential suitors who have talented rosters but are in comfortable salary cap shape and have a long-term need for a defensive blue liner. Any come to mind? It’s not a common occurrence, at least not currently. The Toronto Maple Leafs, although dealing with the William Nylander saga and long-term salary cap planning as is, would make some sense. The team is likely to lose Ron Hainsey and Jake Gardiner to free agency this summer and could use a long-term physical presence on the blue line at the right price. Their preference would certainly be to add a right-handed defenseman, but might not be picky if they feel Alzner would excel in their system. Barry Trotz’ new uber-conservative New York Islanders could also be a fit for Alzner, as they could stand to upgrade their blue line depth and have the existing talent to ease Alzner into his natural stay-at-home role. Alzner would seem to be a perfect fit for the Isles’ current system that emphasizes physicality and patient pace. The Columbus Blue Jackets and Minnesota Wild have fallen short of the ultimate goal despite strong recent campaigns and have the cap space to add a luxury piece like Alzner, who would be a bottom-pair defender for either team, albeit a needed depth addition. Finally, there are the Chicago Blackhawks who, despite shedding salary this summer, refrained from using their newfound cap space. Chicago had interest in Alzner when he was a free agent in 2017, considered by many the favorite to land the physical defender. The team could still use more talent and especially more shutdown play on the back end. However, with one of hockey’s worst contracts in Brent Seabrook already on the roster, could they really risk adding a similarly disappointing and overpaid defenseman in Alzner?

Those are just five teams who could potentially have interest in Alzner. There could be more, if some teams feel that Alzner’s play in Montreal has been a misrepresentation of his ability. Yet, there also could easily be less, as Alzner has done nothing in the past year plus to prove that he is anything more than a replacement level checking defenseman. Given his contract status, Alzner may find it difficult to match up with a new team and put together a successful trade out of Montreal. It is certainly a possibility, but the only team Alzner is likely going to be playing for in the near future is the AHL’s Laval Rocket.

Florida Panthers Seeking Upgrade In Goal

at CDT | by 5 Comments

Entering the season, the Florida Panthers’ goaltender trio of Roberto Luongo, James Reimer, and Michael Hutchinson seemed like one of the deepest in the league. As the second month of the season wraps up, the Panthers currently hold the second-worst goals against average in the NHL and their play in the net has been the team’s greatest weakness. As a result, The Athletic’s Pierre LeBrun reports (subscription required) that, despite their considerable depth, Florida is looking for an upgrade behind the injury-plagued Luongo.

Injuries have limited Luongo, 39, to just nine appearances, but even when healthy he has not looked like himself. Luongo holds a 3.07 GAA and a .902 save percentage that, if the season were to end today, would be his career-low. It could be that Luongo’s play is reflective of his poor health, especially considering his strong performance just last year. However, between his injury issues and inconsistent results, Luongo simply can’t be relied upon as a bona fide starter. Of course, that was the reasoning behind the Panthers initially signing Reimer three years ago. Reimer looked the part in his first season in 2016-17, with perhaps his best NHL campaign. Yet, his numbers tailed off last season as he too struggled with injuries and now this year Reimer looks far from a starting option. The 30-year-old leads the Panthers with 14 appearances, but has just four wins, tied with Luongo despite five more showings. His performance has been bleak, with an .895 save percentage and 3.39 GAA. Yet, the injury concerns and inconsistency of Luongo and Reimer is exactly why Florida signed Hutchinson this summer. That has quickly proven to have been a mistake, as the AHL veteran has been out of his depths in four NHL games, sporting a brutal .839 save percentage and 4.17 GAA. Hutchinson has struggled to even perform at an average level in the minors this season.

Nothing has worked out according to plan in Florida, so the team needs to make a move to improve in net. The problem with that plan, as LeBrun points out, is that Reimer still has two years remaining on his contract at $3.4MM. That contract could prove very difficult to move. Luongo is also signed long-term, with three years remaining, but it appears that the team would prefer to hold on to him despite his current struggles, even if they were able to find a take. As such, a long-term solution in net may be difficult to find, unless the team is also able to move Reimer. Nearly any established goalie signed beyond this season would put too much strain on the Panthers’ payroll, which is already close to $2MM from the salary cap. An expensive rental, such as Detroit’s Jimmy Howard, would also be difficult to manage. Cheap rentals, such as New Jersey’s Eddie Lack, Carolina’s Petr Mrazek, Edmonton’s Al Montoya, and recent waiver placement Calvin Pickard, are readily available, but would be unlikely to shift the status quo substantially. The Panthers could make a play for a young, affordable goalie lacking opportunity, such as Montreal’s Charlie Lindgren, Vancouver’s Thatcher Demko, Los Angeles’ Cal Petersen, or Pittsburgh’s Tristan Jarry, but it would come at a cost. The Panthers may want to upgrade their goalie depth, but such a move won’t come easy for the team this season.

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