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Los Angeles Kings Face 2019 Cap Crunch

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The Los Angeles Kings were expected to be big players this summer after a frustratingly quick first-round exit last season. The same issue that had plagued them in recent years—a lack of goal scoring—popped up again in their series with the Vegas Golden Knights as the team scored just three goals while being swept out in four games. While Marc-Andre Fleury played extremely well for the Golden Knights, seeing the Kings struggle to put the puck in the net was nothing new for fans of the team. The 239 goals they scored in the 2017-18 were the second fewest among all playoff teams, and actually a substantial increase over the 201 they had scored in 2016-17. Even with an MVP-level season from Anze Kopitar, the team needed more offense.

In came Ilya Kovalchuk as the team’s big offseason move, bringing back the 35-year old sniper from the KHL on a three-year, $18.75MM deal. Kovalchuk was fresh off another exceptional season in the KHL and had won the Olympic MVP while taking home gold with Russia. The former Atlanta Thrashers and New Jersey Devils forward should bring some added scoring punch to the lineup this season, though there is no guarantee he is still the elite player he once was. The fact that he’s heading into the back half of his thirties should also give pause to any lofty expectations, despite his big contract.

That big contract though, and the eight-year $88MM extension given to Drew Doughty ahead of the final year of his current deal, could also contribute to an extreme salary cap crunch for the Kings next summer. While the team currently has just over $2.1MM in cap space according to CapFriendly with a roster of 21 players (including Jack Campbell as a third goaltender) next offseason is where it could get really difficult. With Doughty’s deal kicking in and big-money contracts still owed to Kovalchuk, Kopitar and others, the team projects to have just around $5.3MM in cap space with only 15 players under contract. Among those who will need new deals as restricted free agents are Adrian Kempe and Alex Iafallo, both of whom will have to be key pieces to an offensive turnaround.

Eight of those players under contract for the 2019-20 season are already in their thirties, while Jake Muzzin will be joining them in February. That’s a ton of money dedicated to players on the back half of their careers, and will create quite a dilemma for the Kings going forward. The team does have some very intriguing prospects like Gabe Vilardi, Rasmus Kupari, Akil Thomas and Kale Clague in the system, but will they be enough to supplement an aging roster that is taking up a huge part of the cap? Even just finding enough money to put together a 23-man roster next summer could be challenging, especially if either Iafallo or Kempe really break out and demand a big pay raise.

The other issue is that the cap crunch will prevent the team from really chasing any more scoring help in trade unless the player comes without a contract for the 2019-20 season. Though rentals certainly can be helpful for a playoff run, they often cost more in future assets than they’re worth and bring nothing but more disappointment and regret in the postseason. The lack of future flexibility the Kings find themselves with makes it tough to really be contenders on the trade market, unless they’re prepared to send salary the other way. The defense corps, which took on Dion Phaneuf and his expensive contract last season, would be the obvious target for any salary shedding, but it is also the strongest part of the team.

The Kings should be in the playoff hunt this season, and could experience an offensive renaissance with Kovalchuk in the mix. If they don’t though, prepare for plenty of speculation about them shedding some of their aging contracts at the deadline in an attempt to gain some flexibility going forward. As it stands, they may have to move out a valuable asset just to get under the cap in 2019.

The Contract Each Team Would Most Like To Trade: Part II

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Nearly every team has one of those players: a top talent they were excited to sign and never thought could do anything but help them. In hindsight, history shows that more often than not, expensive, long-term free agent contracts don’t work out. It may look good at first (or it may look bad right away to the outside observer), but players struggle to make their value last throughout a lengthy contract. Those contracts come back to bite teams and are hard to get rid of. As teams begin to finalize their rosters at this point in the off-season, many are struggling to make everyone fit under the salary cap and are regretting these past signings that exasperate a cap crunch that can be tough for even a mistake-free club. We already took a look at the first third of the league; here are the contracts that each team would most like to trade, from Detroit to Ottawa:

Detroit Red Wings: Frans Nielsen – four years, $21MM remaining

As speculated by some readers in the comments section, it was no mistake that Part I ended with Dallas. Detroit deserved both some extra consideration and to lead off an article about poor contracts. There is an argument to be made that almost every single player age 28 and over on the Red Wings roster is signed to a bad contract for one reason or another. Detroit is a team that ranks towards the bottom of the standings and towards the top of the salary cap and that is not just bad luck. However, some are much worse than others and they are so bad that it is tough to choose between them. Take this scenario: Player A scored 35 points in 75 games last season. It was 14 points more than the season prior, including six more goals, and Player A also led the team in hits. He is 31 years old and signed for five more years at $4.25MM per. Player B scored 33 points in 79 games last season. It was eight points less than the season prior, and Player B also had the worst face-off percentage among the team’s centers. He is 34 years old and signed for four more years at $5.25MM per. Still undecided about which contract the team would rather trade? Player A is a Michigan native and career Red Wing and Player B is entering only his third year after signing a lucrative free agent contract. Player A of course is perennial whipping boy Justin Abdelkader. Yes, the Abdelkader contract is terrible. At no point in his career has he been worth his current contract value. Yet, he improved last season, is younger and brings a defensive element to his game, and is also loyal to the current administration – the call of the question after all is which contract the team would most like to trade. That would instead be Player B, Frans Nielsen, who at 34 is predictably declining and last year made more than Abdelkader for less production and there is no reason to believe that trend won’t continue. The team rewarded Adbelkader for years of service, whereas they took a gamble on Nielsen that hasn’t paid off. One of those moves is far more regrettable. Nielsen is the guy, but he only narrowly edged out Abdelkader and defenseman Danny DeKeyser, who also has relative age and Detroit roots to his advantage.

Edmonton Oilers: Milan Lucic – five years, $30MM remaining

The Oilers can refute trade rumors surrounding Milan Lucic all they want. The truth of the matter is that GM Peter Chiarelli signed Lucic hoping that he could both produce with and protect Connor McDavid in Edmonton as he did for David Krejci in Boston. The only problem is that the 30-year-old power forward can no longer keep up with a player of McDavid’s caliber. Lucic managed to score 34 points last season, tied for fourth on the team, but that is nowhere near what is expected of a $6MM player, especially when he scored 50 in year one with the Oilers and topped that mark many times with the Bruins. Edmonton still may be holding out hope that Lucic can turn it around and be just as much of a scoring threat as he is a physical threat, but make no mistake that the team would be quick to get rid of his contract if the right deal came along. In contrast, the team would be far more hesitant to move a hefty contract like defenseman Andrej Sekera who has been good and injury-prone, rather than healthy and underwhelming.

Florida Panthers: Roberto Luongo – four years, $18.13MM remaining

Florida is a tough one. Dale Tallon has done a good job of locking up his core long-term and, despite being right up against the cap, there are few egregious contracts on the roster right now. Give it a few years and maybe Michael Matheson will hold this title, but for now it goes to Roberto Luongo by default. Of course, Luongo is beloved in Florida and the team doesn’t even have to carry the whole of his cap hit, with the Vancouver Canucks retaining $800K each year. However, the reality is that Luongo will turn 40 this season and it will be only the first of four years left on his deal. The Panthers have almost $8MM committed to two goalies for the next few years and the other, James Reimer, is younger and outplayed Luongo in 2016-17 and in more games to boot. While they both fought injuries this past season, it was Luongo back on top performance-wise, but the impressive numbers he did post came in just 35 appearances versus Reimer’s 44. Florida paying over $4.5MM per year to a backup goalie in his forties just doesn’t make sense and the team would be better off moving forward with just Reimer and Michael Hutchinson if they could find a way to trade Luongo. Another reason this contract is bad: both the Panthers and Canucks will be hit with cap recapture penalties if Luongo retires prior to 2022.

Los Angeles Kings: Dustin Brown – four years, $23.5MM remaining

For the first time in years, Kings fans are feeling good about Dustin Brown. That is why now is the perfect time to trade him. Brown had been the bane of L.A.’s existence for four years, registering no more than 36 points each year while eating up $5.875MM in cap space, when he finally broke out of his funk in 2017-18 with a massive 61-point season and one of the league’s best plus/minus ratings. The question now is whether the past four years were an aberration with this season setting a new baseline or will Brown regress back to his bottom-six production. With a cap-strapped roster full of expensive contracts for older players, L.A. can’t take the risk of keeping Brown around if the right opportunity presents itself. They would be forced to trade the career King if a taker came forward rather than hold out hope that he doesn’t revert back to his old ways of being drastically overpaid.

Minnesota Wild: Zach Parise – seven years, $52.77MM remaining

When the Wild signed 28-year-old’s Zach Parise and Ryan Suter to matching 13-year contracts worth almost $100MM apiece, they knew that those deals would have dark days at some point in the future. However, they never could have imagined that Parise’s decline would come so soon. Parise remains one of the most popular players on the team, but injuries have kept him off the ice and affected his play when on the ice over the ice and his stock is falling quickly. Parise has never been able to reach the peaks he enjoyed in New Jersey, but he still produced at a high level over his first four seasons with the team. The past two years have been a different story and Parise appears to be trending in the wrong direction. Now 33, Parise isn’t totally beyond help and could turn it around. If back at 100%, Parise has enough natural ability and enough talent around him to still be a $7.5MM player. However, it would be nearly impossible for Minnesota to ever move the behemoth that is his contract so, if somehow they received an offer, they would take it without a second thought. Fan favorite or not, there is too much risk associated with Parise moving forward.

Montreal Canadiens: Shea Weber – seven years, $55MM remaining

I know what you’re thinking and yes, the Carey Price contract doesn’t look great right now. However, an extension of any length and value for any player coming off an injury-riddled season would bring a skewed perception. Price has been one of the best goalies in the league for years and one bad season doesn’t change that. Will he lose that title in the next eight years? For sure, but it would be a shock to see the Canadiens move their poster boy any time soon. Their #1 defenseman is another question though. When Montreal acquired Shea Weber for P.K. Subban, they never could have anticipated that his body would break down so soon after. Injuries cost Weber all but 26 games last season and he will miss the beginning of 2018-19 as well. Weber doesn’t seem like the type of player who will retire early, but there is no guarantee that these injuries won’t slow him down significantly for the remainder of his contract. In fact, the only guarantee is that he will slow down over the next seven years. At $7.86MM, the Canadiens need Weber to be his dynamic two-way self. The team already has one overpaid stay-at-home defenseman in Karl Alzner and can’t afford another. If they could move Weber, they would.

Nashville Predators: None

GM David Poile flat out doesn’t sign bad contracts. Criticize the deals for Ryan Johansen and Kyle Turris if you like, but the bargain contracts throughout the rest of the lineup have allowed Poile to overpay for reliable centers and that is a team-building model that anyone can get behind.

New Jersey Devils: Corey Schneider – four years, $24MM remaining

The easy answer is that the Devils don’t feel any pressure to trade anyone on the roster. They currently have the lowest payroll in the league with nearly every player signed to a fair deal. Those who are overpriced – Travis Zajac and Andy Greene – play important leadership role and the only player signed to a substantially long-term deal is electric young blue liner Damon Severson. The one and only player that sticks out as a potential long-term cap problem is starting goaltender Corey Schneider. This may surprises some; after all Schneider trails only Tuukka Rask among active save percentage leaders. Schneider had been elite since arriving in New Jersey, but something started to change in 2016-17. His SV% fell to .908 and his GAA inflated to 2.82 and then things only got worse last season with a SV% of .907 and a GAA of 2.93. He was also limited to just 40 appearances this year and was outplayed by journeyman Keith Kinkaid. The Devils can’t count on Kinkaid to repeat his 2017-18 performance moving forward and if Schneider’s back-to-back bad years are more than a fluke, they can’t depend on him for four more years either. He’s not going to be a $6MM backup either. New Jersey will give Schneider the time he needs to return to form, but they may not hesitate if the right trade comes their way as well.

New York Islanders: Andrew Ladd – five years, $27.5MM remaining

The Islanders without John Tavares are a totally different animal. A six-year, $30MM extension for Josh Bailey now looks bad. A $5.75MM cap hit this season for free agents Leo Komarov and Valtteri Filppula signed to make up for Tavares’ lost production looks bad. The likes of Cal Clutterbuck, Casey Cizikas, and Matt Martin now look worse on a team that needs more offense and less grit. However, the one contract that looked miserable well before Tavares bolted to Toronto is Andrew Ladd and it is only going to get much worse. The veteran forward was intended to find chemistry with Tavares when he was signed to a seven-year, $38.5MM contract two years ago. Instead, Ladd has just 60 points over the past two seasons combined and has by all accounts been relegated to a bottom-six role. The 32-year-old will now be asked to take a bigger role in Tavares’ stead and that is a scary proposition. The Islanders aren’t in any cap trouble, but the team should be thinking rebuild and would likely take any offer at all to rid themselves of Ladd.

New York Rangers: Brendan Smith – three years, $13.05MM remaining

Has any free agent contract in recent memory soured as quickly as Brendan Smith’s? Smith signed a four-year deal with the Rangers last June and was expected to play a top-four role for the team for years to come. By February, he had been placed on waivers and buried in the AHL. Smith played in only 44 games with New York and saw less and less ice time as the season wore on and he continued to turn the puck over at an alarming rate and cost his team goals. Now what? One would assume that Smith will be given a second chance this season, but the relationship between he and the team may be beyond repair. There is no doubt that the Rangers would take a re-do on that deal and would move him if possible. Marc Staal is another player that New York wouldn’t mind moving, but as a player who can eat minutes and provide solid play most of the time, his $5.7MM contract seems like nothing next to Smith’s $4.35MM deal.

Ottawa Senators: Bobby Ryan – four years, $29MM remaining

No contract in the league has become as notorious for being labeled a “bad deal” that the team is desperate to trade like Bobby Ryan’s. The Senators are so determined to move on from Ryan that they are trying to force Erik Karlsson trade suitors to take the overpaid forward as well. At one point in time, $7.25MM per year for Ryan seemed like a fair deal. At 23 years old he was a 71-point player with the Anaheim Ducks and even after moving to Ottawa, Ryan started his tenure with three straight seasons in the 50-point range. However, the last two years have been very different. Ryan has only suited up for 62 games in each campaign and has looked like a different player on offense. At his best, he looks disinterested and lucky to be in the right place at the right time and at his worst he costs his team goals. Ryan has managed to register only 58 points combined over the past two years; he had 56 alone in 2015-16. Ryan may just need a change of scenery to jump start what used to be dynamic goal-scoring game, but the Senators don’t care about that. All he is to them is a waste of cap space and of owner Eugene Melnyk’s dwindling wealth. They want him gone at any cost.

Look out for Part III of this three-part series early next week…

 

Early Notes: Prospects, Moore, Matthews

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The Athletic’s Scott Wheeler has released his Top-50 NHL Prospects ranking (subscription required), listing the best drafted players under the age of 23. Wheeler’s list includes a short paragraph on every single one of the ranked players, and nearly 70 honorable mention players. There are some rankings that may surprise fans, but Wheeler explains that the biggest factor in his rankings is high-end skill, not necessarily proximity to the NHL or likelihood of getting there.

Number one on his list should come as no surprise, given that Rasmus Dahlin has been termed a “generational talent” by people all around the NHL over the past few months. While Wheeler isn’t comfortable handing out that exact term, he does rave about the Buffalo Sabres prospect and his potential to become the “best defenseman in the world.” That should bring a wave of smiles to Sabres fans, who have another prospect near the very top of the list as well.

  • Dominic Moore is hoping to play again in 2018-19, but he doesn’t think it will be with the Toronto Maple Leafs. After suiting up for 50 games with Toronto last season, Moore was essentially replaced by Tomas Plekanec at the trade deadline and is still waiting for an opportunity around the league. He told TSN 1050 radio that he’s just being patient, given that he’s had long offseason waits before. Moore has played nearly 900 regular season games in his NHL career, and had 12 points last season for the Maple Leafs.
  • Speaking of the Maple Leafs, Auston Matthews has begun talks with the team on a contract extension according to several reports including Luke Fox of Sportsnet. Matthews is heading into the final season of his entry-level contract and became eligible to sign an extension on July 1st. The star center is likely going to command a huge contract similar to the ones Connor McDavid and Jack Eichel have signed in past seasons, though the new Maple Leafs front office will have work to do making sure everything can fit into their salary cap. The team already handed out an $11MM cap hit to John Tavares and are still in negotiations with restricted free agent William Nylander on his next deal.

Are There More Moves Coming In Minnesota?

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On Wednesday, the Minnesota Wild did what many thought wasn’t possible when they locked up high-scoring forward Jason Zucker on a long-term deal without putting themselves in an impossible situation with the salary cap. The team somehow managed to re-sign two young stars, both Zucker and Mathew Dumba, to a combined $11.5MM cap hit as well as add free agents Greg Pateryn, Eric Fehr, Matt Hendricks, J.T. Brown, Matt Bartkowksi, and Andrew Hammond all while maintaining some semblance of cap space. The team is projected to enter the season with $1.77MM in cap space and a roster that added talent while only losing the likes of Daniel Winnik and Matt Cullen.

The question now is: is it enough? While it never hurts to return the majority of a roster from a playoff team, there is some question as to whether the Wild are keeping up in the Western Conference arms race. The team has been eliminated in the first round of the playoffs in each of the past three seasons and has still won just four playoff series in its 18-year history. Fans are clamoring for more than just regular season success and Minnesota – and new GM Paul Fenton – have instead opted to return the same team so far in an off-season where major changes were expected. Although the new contracts for Zucker and Dumba were more than fair and the team addressed needs for more physicality on the blue line with Pateryn and another option in net with Hammond, as well as adding veteran depth pieces, there will be some who are critical of an otherwise quiet summer.

With so little cap space, the Wild may find it difficult to make many additions in-season as well. As the projected 23-man roster currently stands, Minnesota does not seem to be facing many holes and will get an injection of youth in the form of full seasons for Jordan Greenway and Nick Seeler. However, after getting a glimpse of other prospects like Luke Kunin, Louis Belpedio, and Carson Soucy last season, the team will undoubtedly want to avoid leaving them in the AHL all year. The trio all carry $925K cap hits that exceed the salaries of those on the roster they are most likely to supplant and the result will be even more cap space eaten up. Without moving out some salary, Minnesota will be left hoping their young talent can make a major impact as they will otherwise struggle to add veteran difference-makers over the course of the year.

While observers will always point to the massive contracts of Ryan Suter and Zach Parise as the contracts that Minnesota could most benefit from moving (although Suter is still one of the most reliable defensemen in the league), the team has also entertained offers for Jonas Brodin and Nino Niederreiter in the past and could do so again. While Eric Staal has been a revelation for the team, they could also look to move the pending free agent if they get off to a slow start and can land a younger asset in exchange. At the end of the season, it could be that this same Wild lineup plus some free agent additions and young players is enough to reverse their postseason fortunes. However, if they fall short again or, even worse, miss the playoffs, the team will finally have to make some major changes. It’s possible that the team gets ahead of that possibility by making some moves this off-season instead.

Pittsburgh Penguins Re-Sign Tristan Jarry

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The Pittsburgh Penguins have their final restricted free agent wrapped up. The team has announced a two-year contract extension with backup goalie Tristan Jarry that carries a cap hit of only $675K: a $650K salary in 2018-19 and a $700K salary in 2019-20. On top of a friendly salary, the deal is also of a two-way nature this season before transitioning to a one-way contract next year.

It is unlikely that Pittsburgh GM Jim Rutherford could have done any better with this contract. The Penguins are perhaps in worse shape going up against the salary cap ceiling next season than any other team in the league. Pittsburgh currently has all but $1MM of their available cap space committed to a projected 23-man roster than looks unlikely to change much. The team already had to make a salary cap dump earlier this off-season, trading capable winger Conor Sheary to the Buffalo Sabres in order to also offload underacheiving defenseman Matt Hunwick. There have been some questioning how the team could re-sign one of the most well-regarded goalie prospects in the pros and not have to make another similar move. Yet somehow Rutherford was able to convince Jarry to sign a) for close to a minimum salary, b) for multiple years, and c) on a two-way deal in the upcoming year. For a 23-year-old former second round pick who has incredible AHL numbers and had a solid first NHL season in 2017-18 behind an injury-prone starter, that seemed impossible. If Jarry again appears in 26 or so games and posts a .908 save percentage and 2.77 GAA or better in either of the next two years, this contract will be an amazing value for the Penguins.

The Penguins may still not be off the hook, however. Jarry’s two-way contract and waiver exemption will make it easy for the Penguins to move him up and down through the organization to relieve starter Matt Murray and slated backup Casey DeSmith when necessary – and recent history has shown that Murray is likely to miss time at some point. Yet, call-up’s for Jarry, as well as players like Zach Aston-Reese, Jimmy Hayes, and Zach Trotman, will eat away at what little cap space the Penguins have. It may be possible for them to get through the season as currently structured, but if Rutherford wants some more flexibility to maneuver his roster, don’t be surprised if another cap-relieving trade is still completed at some point. Until then though, Rutherford deserves some credit for locking up all of his restricted free agents and putting together a well-rounded roster given his uncomfortable cap scenario.

The Contract Each Team Would Most Like To Trade: Part I

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Nearly every team has one of those players: a top talent they were excited to sign and never thought could do anything but help them. In hindsight, history shows that more often than not, expensive, long-term free agent contracts don’t work out. It may look good at first (or it may look bad right away to the outside observer), but players struggle to make their value last throughout a lengthy contract. Those contracts come back to bite teams and are hard to get rid of. As teams begin to finalize their rosters at this point in the off-season, many are struggling to make everyone fit under the salary cap and are regretting these past signings that exasperate a cap crunch that can be tough for even a mistake-free club. Here are the contracts that each team would most like to trade, from Anaheim to Dallas:

Anaheim Ducks: Corey Perry – three years, $25.875MM remaining

Corey Perry is no doubt a fan favorite in Anaheim. The big winger is a career Duck who has always played with an edge and a knack for finding the back of the net. However, the former 50-goal scorer has just 19 and 17 in the past two years respectively to the tune of $8.625MM per year. His lack of speed is apparent to even the most inexperienced hockey fan and he has drawn criticism from both GM Bob Murray and coach Randy Carlyle for the drop-off in his skating ability and production. The Ducks aren’t quite up against the salary cap just yet, but have three restricted free agents still unsigned and some big decisions on the horizon. Things are about to get tight in Anaheim and, as much as Ducks fans may not want to hear it, trading Perry away in the right deal would be the easiest solution.

Arizona Coyotes: None

The Coyotes trade for bad contracts, as the perennial salary cap floor dwellers rarely sign or acquire an expensive, long-term deal with an actual asset who may not be worth it.

Boston Bruins: David Backes – three years, $18MM remaining

On July 1st, 2016, it was leaked that Boston would sign David Backes to a one-year, $6MM contract and the Bruins were praised for bringing the veteran forward in as a hired gun. That celebration was short-lived, as the report was soon corrected to being a five-year deal with the same yearly salary and many questioned adding a 32-year-old with 727 games to his credit on a contract of that length and value. Two years later, the doubters have been proven right for the most part. Backes has not been bad in Boston (71 points in 131 games) and injuries have certainly affected his game, but it appears that his 50-point upside and Selke-caliber high-energy play are a thing of the past. Backes doesn’t have a defined role with the Bruins going forward and, as a team that doesn’t need the extra leadership and locker room presence and does need as much cap space as it can get, Boston would be better off if Backes were elsewhere.

Buffalo Sabres: Zach Bogosian – two years, $10.286MM remaining

The Sabres are finally trending in the right direction and have even used other teams’ bad salary cap situations to bring in some nice players this off-season. Buffalo themselves are in fine shape with the cap. However, there is still one contract that is bringing them down and that is Zach Bogosian. If Bogosian was fully healthy, his cap hit of just over $5.1MM would not be too bad. The 28-year-old defenseman has been a very capable two-way player in his career. Unfortunately, he just hasn’t been healthy enough during his time in Buffalo to be worth that salary. Bogosian played in only 18 games last year due to injury – and when he did play it showed that he wasn’t 100% – and has never topped 64 games in a season with the Sabres. The team has several young defenseman that could use as much ice time as possible and a beat up Bogosian isn’t helping anyone in Buffalo. Chances are the Sabres could still get a good return for the rearguard if he does show signs of being back at full-strength.

Calgary Flames: Troy Brouwer – two years, $9MM remaining

Calgary is in a really difficult salary cap situation with little space as is and five restricted free agent situations still to sort out. The team simply can afford to be paying Brouwer $4.5MM in each of the next two years for what he brings to the table. Many were skeptical of the Brouwer contract when signed and they were correct. The veteran power forward has only 25 and 22 points respectively in his first two years in Calgary, including just six goals last season, and at 32 years old he is unlikely to improve. Brouwer has even lost some of his trademark physical edge and recorded a career-low average time on ice last season when he was simply a non-factor in most games. With multiple players filing for salary arbitration, the Flames have been awarded an extra buyout period and it would not come as a shock to see Brouwer fall victim to it.

Carolina Hurricanes: Scott Darling – three years, $12.45MM remaining

The argument here is not that the Hurricanes should trade Darling because they need the cap space but that they should trade Darling because they need a better starting goaltender. Carolina is in fine salary cap shape, but so long as Darling is making more than $4MM per year, the team is likely to stick with him as the top guy. They have already committed to giving him another chance as the starter next season. Unfortunately, Darling’s first season in Raleigh hardly convinced anyone that this contract would work out. Moving from backup to starter, Darling seemed to crumble under the pressure even behind a stout defense, posting an .888 save percentage and 3.18 GAA as one of the worst keepers in the NHL. Perhaps his play will improve in year two, but the Hurricanes can’t be happy with the early results.

Chicago Blackhawks: Brent Seabrook – six years, $41.25MM remaining

When the Blackhawks made Patrick Kane and Jonathan Toews the highest paid players in the league back in 2014, who would have figured that a different contract would be causing the team problems? Brent Seabrook’s eight-year, $55MM extension is already a nightmare for Chicago with the bulk of the contract still to come. Seabrook is a fine defenseman, but that doesn’t cut it when you’re paid like one of the top defenseman in the league, but your play is slipping and your team is finishing last in the division. This past season especially, it was clear that Seabrook has lost a step. Both his scoring and checking have diminished and he no longer resembles the player who was regularly posting 40+ points and garnering Norris Trophy votes. Seabrook will turn 34 later this season and it seems guaranteed that this contract only gets worse unless the team finds some way to trade him.

Colorado Avalanche: Erik Johnson – five years, $30MM remaining

The Avalanche have one of the lowest payrolls in the league with superstar Nathan MacKinnon locked up long-term at a reasonable rate. Their distance from the cap ceiling this season makes egregious contracts with just one year remaining – like streaky starter Semyon Varlamov and invisible forward Colin Wilson – somewhat tolerable. However, several major contributors are set to be restricted free agents after next season, Colorado will need to add another goaltender, and could still stand to add another difference-maker up front. Things could get tighter for the Avs moving forward and the one contract that could become a problem is Erik Johnson. Johnson eats up minutes and plays a defensively sound game, but the veteran defenseman is injury prone and does not create enough offense to warrant a $6MM cap hit. If the Avalanche were offered a reasonable deal for Johnson today they may not take it, but this time next year that same deal will be far more attractive.

Columbus Blue Jackets: Brandon Dubinsky – three years, $17.55MM remaining

The Blue Jackets pay Brandon Dubinsky like a second-line center and last season got fourth-line production from the veteran. Yes, Dubinsky has had his fair share of injuries, but a consistent 40+ point scorer dropping to just 16 points on the year was alarming. Columbus is no longer a small market team still figuring things out; the Jackets are a contender and like most contenders are close to the salary cap limit. The team can’t afford to have Dubinsky continuing to produce at this level while costing them $5.85MM against the cap. They hope that he bounces back this year, but even a slow start could have Columbus taking their best offer.

Dallas Stars: Martin Hanzal – two years, $9.5MM remaining

It may be too early to judge last summer’s Martin Hanzal contract, but if Dallas was offered a re-do right now, they would take it. Hanzal’s first season with the Stars was a disaster. Injuries limited him to just 38 games and even when active he contributed only ten points –  a 22-point pace over a full season – and somehow finished with the second-lowest plus/minus rating on the team. If Hanzal gets healthy, which is a big if, he could return to form next season, but if not the Stars could be quick to deal him away. The team desperately needs to bounce back from a devastating slump that cost them a playoff spot and have been rumored to be interested in big (expensive) names all off-season. That plan doesn’t mix well with a $4.75MM player who brought almost nothing to the team last year.

Keep an eye out for Part II of this three-part series coming soon…

 

Behind The Scenes Of The Jacob Trouba Arbitration Case

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Arbitration cases rarely go through the hearing stage in the NHL, so for Jacob Trouba and the Winnipeg Jets to have reached this point in their negotiations – on the first scheduled day of hearing dates no less – is a major surprise. TSN’s Sara Orlesky reports that the two sides did in fact sit down for their hearing with the arbitrator and that a decision will be handed down in the next 48 hours. The Jets and Trouba have until that decision is made to agree to a deal on their own terms, likely a long-term extension, otherwise they will be stuck with a one-year deal and have to go through the process once again next summer.

So what exactly did it look like in the hearing today? Likely not what many would think. While the player and team are present during presentations to the arbitrator, neither team executives nor the player’s representation are in charge of arguing the case. The NHL Players’ Association handles the player side, while the teams use one of three lawyers to present their side: Dan Rabinowitz and Andre Nowakowski of Miller-Thomson in Toronto or Andre Lepage of BFC in Montreal. Each side makes their case based on briefs that they have previously filed to both the opposing side and the arbitrator, bringing in exhibits to support their arguments as well. The briefs contain the salary figures sought; the Jets reportedly filed at $4MM and Trouba at $7MM. It is a wide spread for the abitrator to consider and he may decide at or in between those figures.

What is the content of the arguments? Also somewhat contrary to what one may think, the two sides spend little time actually arguing the merits of the player, at least in absolute terms. The backbone of a salary arbitration case is the comparable players. For Trouba, the NHLPA would generally have comparable players that make $7MM or more to show that their filing number is fair, while the team reps will use comparable players around $4MM or less to prove their value. Each side will identify strengths or weaknesses to the player and find comparables that they can use to strengthen those points. The use of concrete search criteria to choose comparable players is key and often results in both sides tweaking their criteria ever so much that it includes only player who benefit their case. There are also rules regarding the players used: they must be current contracts, they must be recent contracts, and they must be contracts signed by a player who was or would have been an arbitration-eligible restricted free agent. Any deviation from this criteria would seriously injure the persuasiveness of the use of that comparable player. Other things that cannot be considered are off-ice behavior, even including something like Trouba’s previous contract holdout, or the team’s salary cap or roster depth status, which the Jets wish they could use in this case.

So who might be comparables in the Trouba case? The filing numbers for both sides suggest that there could be a wide range of possibilities. Using only the most basic metrics – games played and points-per-game – players like Justin Schultz, Colton Parayko, and Tyson Barrie lie right in the middle of the two values at $5.5MM and either side might struggle to use them effectively. Unfortunately for the NHLPA, those appear to be their best options. The case for any might be percentage of the salary cap rather than actual salary, given the major jump this off-season. Players like Torey Krug, Jared Spurgeon, Sami Vatanen and Dmitry Orlov would favor the Jets slightly more, but their home run option is likely a player like David Savard at $4.25MM.

After all the comparables have been presented, arguments have been made, and rebuttals and closing comments have been heard, the arbitrator will take his time to make the decision on just how much Trouba is worth based on everything he has witnessed. During that time, the two sides – who have also been enlightened to some extent – also come back together and talk contract terms. In recent years, hearings have more often than not led to independent agreements and not official decisions. Will it be the same for Jacob Trouba and the Winnipeg Jets? We will know soon enough.

The Case For A Tristan Jarry Offer Sheet

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The art of the offer sheet is all but dead in the NHL. As The Athletic’s Craig Custance writes, there have only been eight offer sheets in the salary cap era, all but one have been matched, and none have been signed since 2013. It remains a shadowy threat for every GM looking to lock up his young restricted free agents, but at this point is more myth than reality. Custance even conducted a poll of nine GM’s that implied a feeling across the league that no offer sheets are coming this off-season. Even with attractive targets like the cap-strapped Detroit Red Wings’ Dylan Larkin, the Calgary Flames’ newly-acquired Noah Hanifin, and a key piece of the Toronto Maple Leafs’ young core, William Nylander, none of the GM’s could see a realistic spot where making an offer would be worth the effort as the team would always be able to match.

What about thinking outside the box and not looking at the top targets but at the team most unlikely to match? The Pittsburgh Penguins are not getting any sympathy from teams around the league. Winners of two of the last three Stanley Cups, a playoff team every year since 2007, and home to the best player in the league, the Penguins have had a great run and it’s unlikely to end any time soon. While many teams fear the backlash associated with poaching young players through offer sheets, Pittsburgh is perhaps the only team in the league that could come under attack and no one else would mind. The Penguins have also put themselves in a position that makes them easy prey. CapFriendly currently estimates that the team has just $745K in cap space heading into next season. Even if Jimmy Hayes fails to break camp or Zach Aston-Reese is sent down – the only foreseeable options, the Pens are still left with no more than $1.5MM in space and will need room to maneuver during the season.

Pittsburgh has just one restricted free agent left to re-sign: 23-year-old goaltender Tristan Jarry. Jarry has not been considered an offer sheet threat for a couple of reasons. The first is simply that he has yet to prove that he is a true NHL-caliber goalie. Jarry was a star at the junior level with the WHL’s Edmonton Oil Kings and was drafted in the second round by the Penguins in 2013. His first two pro seasons were spent entirely in the AHL, expect for one spot start in Pittsburgh, and he made the transition look easy, posting strong numbers through 78 combined games. Last season was a deviation from that smooth upward trajectory. The departure of Marc-Andre Fleury left Jarry as the primary backup to starter Matt Murray and the NHL level proved to be a little more difficult. Jarry had an up-and-down season with streaks of both good and bad play. He also struggled when he was returned to the AHL in favor of Casey DeSmith or briefly Antti Niemi. However, at the end of the season Jarry’s line of a .908 save percentage, 2.77 goals against average, and .609 quality start percentage in 26 NHL appearance was more than respectable for his first year in the bigs. Has he proven without a doubt that he can be an NHL regular or reliable backup? No, but the potential is there.

The other reason that Jarry would seem to be a strange offer sheet target is that he is waiver-exempt. Jarry is too young and inexperienced to have lost his waiver protection. This means that a team could hypothetically offer far above market value and multiple years and the Penguins could simply match it and stash Jarry in the minors without a second thought. The only problem is that Pittsburgh especially could not leave Jarry in the AHL for a whole season, nevertheless multiple. Since Murray became a fixture in net for the Penguins in 2015-16, he has made 111 appearances in three seasons with no more than 49 games in any year. In that same time, the Penguins have used six other goaltenders. Excluding Fleury, who was the starter in Murray’s first season and split time with him the following year, Jarry, DeSmith, Niemi, Mike Condon and Jeff Zatkoff have had to make 59 appearances over the past three years – more than half of Murray’s games played. Pittsburgh’s injury-prone starter clearly needs multiple quality options behind him until he can prove himself over a full season. DeSmith, who admittedly outplayed fellow rookie Jarry last season but in 12 fewer starts, may struggle to even backup Murray this season, nevertheless replace him for short stretches with untested minor league journeyman John Muse – the only other Penguins goalie – as the backup. The Penguins need a third-string goalie who costs as close the minimum against the cap as possible. If Jarry was to sign an offer sheet for even $1.5MM AAV, Pittsburgh would struggle to move that contract back and forth or keep him on the roster all year long. A team with ample cap space and a well-off ownership group could easily improve on that offer as well. Only moving out salary or injured reserve space would conceivably allow the Penguins to keep Jarry at that price or more.

At the end of the day, an offer with just the right amount of salary and term would be hard for the Penguins to match in their current state. Sure, they could simply sign a proven veteran free agent to a minimum deal and move on, but losing a promising young netminder would be a blow. On the other side of the table, it would only cost a team at most a third-round pick – the compensation for any deal with an AAV under $2.03MM – to land a young, high-ceiling goalie who is still waiver-exempt. If Jarry excels at the NHL level, they made a great deal; if he struggles, he can be sent to the AHL risk-free for further development and may still turn out be a great deal. The rest of the league would hardly mind seeing Pittsburgh and wheeler-dealer GM Jim Rutherford baffled by an offer sheet as well. It seems to be a win-win. Will it happen?

Central Notes: Maroon, Predators, Kruger

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The St. Louis Blues had one of the best offseasons in the league when they managed to acquire Ryan O’Reilly, Tyler Bozak, David Perron with in the first few days of the start of free agency. The fact they were able to add those players without mortgaging their future prospects, make their offseason that much more successful. However, when the team signed winger Patrick Maroon to a one-year, $1.75MM deal, the team really looked at their offseason as a roaring success.

Maroon, who opted to give up both money and term so he could sign with his home-town Blues, could easily have gotten both elsewhere. Maroon, who made $2MM last year, has scored 44 goals in the past two years, making the 6-foot-3 physical forward an excellent, inexpensive addition. However, the St. Louis Post-Dispatch’s Jeff Gordon writes don’t be surprised if Maroon gets an extension before the 2018-19 season ends. It’s likely the team will give him that deserved money and term when the team’s salary cap situation improves next season.

A lot of that will depend on how Maroon plays next season. The 30-year-old will likely find himself on the team’s third line, which could prove challenging to put up big numbers in. However, with his experience and ability to play along with top-line talent like he did alongside Connor McDavid in Edmonton, Maroon could easily find himself in a top-six role if injuries develop or lines don’t produce like the team hopes.

  • In a mailbag segment, the Tennessean’s Adam Vingan writes that he wonders whether the Nashville Predators insistence on not including no-movement clauses is what’s hurting the team from signing top free agents to their team. In fact, the scribe wonders whether the team can keep that policy up when it comes to re-signing defenseman Ryan Ellis. The problem with refusing to include no-movement clauses into contracts is that players will often take less money to stay with the Predators due to the lack of a state tax in Tennessee. However, the issue that many players have is that if the team trades them and the player then doesn’t receive the tax benefits. Only goaltender Pekka Rinne has a no-movement clause.
  • Mark Lazerus of The Chicago Sun-Times writes that despite the team lack of success when bringing back former Stanley Cup Champions to their lineup, the acquisition of Marcus Kruger is a minimal risk. The veteran forward, who was acquired in the Marian Hossa deal with the Arizona Coyotes, is in the last year of a three-year, $9.25MM deal in which he will only cost them $2.775MM against the cap. The forward struggled in Carolina last year, posting just six points in 48 games and played some time in the AHL as well. However, it turns out he played most of the season with a sports hernia injury. At just 28 years of age, the team should be thrilled if they can get some quality minutes out of him on the team’s fourth line.

 

Chicago Blackhawks, Arizona Coyotes Complete Seven-Player Trade

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Marian Hossa won’t be playing in the NHL this season (or likely ever again), but his contract is still on the books for the Chicago Blackhawks. Though they can place it on long-term injured reserve to get some cap relief, doing so still complicates things for a team that is always pushing right against the cap ceiling. Because of this there has been plenty of speculation about the team moving out Hossa’s deal to a team closer to the salary cap floor, and that team is the Arizona Coyotes. The Blackhawks have sent Hossa, Vinnie Hinostroza, Jordan Oesterle and a 2019 third-round pick to the Coyotes in exchange for Marcus Kruger, Andrew Campbell, MacKenzie Entwistle, Jordan Maletta and a 2019 fifth-round pick.

This isn’t the first time the Coyotes have done something like this, as they previously took on Pavel Datsyuk’s contract after he returned to Russia, Chris Pronger’s deal after he was forced out of the game by injury, and still have Dave Bolland on the roster despite him never playing a game in Arizona.

Hossa, 39, has three years remaining on the 12-year, $63.3MM contract he signed in 2009, but is actually only owed $3MM in salary due to the front-loaded nature of the deal. That cap hit hurts for the Blackhawks, as Hossa isn’t able to play due to a skin condition that has worsened over his career and forced him into retirement after the 2016-17 season. For Arizona though it wouldn’t have much impact as the team isn’t expected to push all the way up to the cap ceiling this year. For the low cost of covering whatever insurance won’t of the $3MM (CapFriendly reports the deal is 80% insured), they will add assets that could pay off quickly as they try to rebuild the franchise and make it back to the playoffs.

Hinostroza and Oesterle are both useful players who showed last season that there may be more to their skill set than previously believed. The former is a sixth-round pick who has turned into a legitimate NHL offensive threat—Hinostroza scored 25 points in 50 games last season despite relatively limited minutes—and recently signed a two-year contract that will pay him a total of $3MM. He’ll still be a restricted free agent at the contract’s end, and should fit in nicely on a young Arizona roster that wants to play with speed and skill.

The latter, Oesterle, found new life in his career when he debuted in Chicago. Quickly ascending to the top pair alongside Duncan Keith, the undrafted defenseman ended up with 15 points in 55 games and excellent possession statistics. Whether he’ll find that kind of success in Arizona isn’t clear—Oesterle struggled to find playing time on the Edmonton Oilers through the first part of his career—but at the very worst he’s an extremely cheap depth option for the Coyotes. The 26-year old will earn the league minimum of $650K this season before hitting the open market as an unrestricted free agent next summer.

For Chicago, getting anything of value back in a trade like this is a positive. The team has cleared Hossa’s contract off the books while bringing back a familiar face in Kruger, who was part of the team’s last two Stanley Cup victories and had the best seasons of his career in a Blackhawks uniform. Dealing with injury last season he struggled mightily for the Carolina Hurricanes and was eventually sent to the minor leagues. The Blackhawks will hope that’s not the story this year, as he’s still carrying a cap hit of almost $3.1MM.

Maletta and Campbell will more than likely spend the entire 2018-19 season in the minor leagues and aren’t expected to make an impact at any point in the NHL, but Entwistle could be a different story. The 2017 third-round pick is a big lanky winger that played down in the Hamilton Bulldogs lineup this year but made quite an impact in the OHL playoffs. Once a very intriguing prospect the shine has come off him somewhat in the last year, but there’s no telling what he could become at this point. He’ll turn 19 in a few days and will play next season again in the OHL.

There will be obvious speculation surrounding the Blackhawks now that they’ve cleared some cap room, as the team now projects to have $9.3MM in free space for next season. While CapFriendly’s estimate of that number only includes nine forwards and six defensemen, there is obviously room for the team to add some bigger names over the next few months. The team has been linked in the past to potential scoring threats like Jeff Skinner and Max Pacioretty, but will still have to spend their assets carefully in any trade. The team can’t afford to get into any more long-term contracts for aging players if they want to compete down the road, but they do want to give the team a chance at the playoffs this year. You can bet that GM Stan Bowman is still working the phones trying to use that cap space on something, and there isn’t much left on the free agent market that could help the Blackhawks.

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