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East Notes: Sharangovich, Red Wings, Brodie

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The trade market this season should be unusually hot, with most teams needing to make lateral money-in, money-out moves if they want to improve their teams (as well as a middling free-agent class). One player on the block is New Jersey Devils forward and pending RFA Yegor Sharangovich, somewhat of a cap casualty after a disappointing 2022-23 campaign. Today, New Jersey Hockey Now’s James Nichols named the Colorado Avalanche, Nashville Predators, San Jose Sharks, Seattle Kraken, and Washington Capitals as reasonable trade destinations for the Belarusian forward.

The 25-year-old saw his production dip to 13 goals and 30 points this year after scoring 24 goals and 46 points in 2021-22 and is coming off a two-year, $2MM per season deal. He’s still in a position to earn a small raise on that cap hit, and all the above destinations should provide more opportunity (and, therefore, breakout potential) for Sharangovich to provide good value on his next contract. It shouldn’t cost too much to pry his services away from the Garden State, either.

More out of the Eastern Conference today:

  • Detroit Red Wings general manager Steve Yzerman told reporters today he doesn’t envision moving either of Detroit’s first-round picks in this year’s draft (ninth and 17th overall). Yzerman did infer he’d be willing to trade one or more of his three second-round picks, which could easily see themselves on the move with Detroit looking to make a run at the postseason in 2024. This may be some sobering news to Ottawa Senators fans, considering Detroit is gaining steam as a top trade destination for winger Alex DeBrincat. If it does turn out that way, they may have to settle for a 2024 first-round selection or multiple later-round picks.
  • There were some spotty rumors popping up over the past few days about a potential buyout for the Toronto Maple Leafs – namely, defenseman T.J. Brodie. The Toronto Sun’s Terry Koshan relayed a report from a source today, though, that said there’s “no truth” Toronto and new general manager Brad Treliving are considering anything of the sort. Brodie, under contract at $5MM through next season, has been the team’s most consistent defensive specialist over the life of his deal but seemed a step out of place at times during the team’s playoff run this season.

Tampa Bay Lightning Selling Minority Stake At $1.4B Valuation

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  • Stealing the Ottawa Senators’ thunder from earlier this week, Sportico reports the Tampa Bay Lightning are selling a minority stake in the club to Arctos Sports Partners at a massive $1.4 billion valuation. It’s over a ten-fold rise in franchise valuation in 13 years – majority owner Jeff Vinik purchased the team in 2010 for just $170MM. He’ll retain his majority stake in the team, so this won’t lead to any notable changes at the top of the franchise’s organizational pyramid.

Maxime Lagace Signs In Sweden

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Veteran goaltender Maxime Lagace has had no trouble getting contracts in recent summers, locking in one-year, two-way deals fairly early in free agency in each of the last five seasons.  However, he has opted to go a different route this time around as Farjestad of the SHL announced that they’ve signed Lagace to contract for the 2023-24 season.

The 30-year-old has spent the last two seasons with Tampa Bay, primarily with their AHL affiliate.  After being one of the stronger goalies at the minor league level in previous years, Lagace struggled this past season, notching a 3.34 GAA with a .888 SV%, his poorest numbers since the 2016-17 campaign.  This was also just the second time in the last six seasons that Lagace didn’t see any NHL action; the bulk of his playing time at the top level came back with Vegas in their inaugural year.

Lagace’s signing amounts to a trade of sorts.  Earlier this offseason, Tampa Bay lured away Matt Tomkins from his contract with Farjestad, inking him to a two-year, two-way contract.  That move effectively pushed Lagace out of a job in Syracuse as Tomkins will work with prospect Hugo Alnefelt next season.  In the end, it’s Lagace who winds up with Tomkins’ old job.  If things go well for him in Sweden in 2023-24, it’s quite possible that Lagace could look to return to North America and resume his familiar third-string role if he wants to try to get another taste of NHL action.

Tampa Bay Lightning Re-Sign Cole Koepke

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The Tampa Bay Lightning re-signed forward Cole Koepke to a one-year, two-way contract today, the team said in a media release.

Koepke, 25, was a surprise name on the Lightning’s opening night roster for the 2022-23 campaign. A sixth-round pick in 2018, Koepke registered just one goal in 17 games, however, and then was sent to the AHL’s Syracuse Crunch for the rest of the season after Anthony Cirelli returned from offseason shoulder surgery. There, he took a significant step back offensively from his 2021-22 minor league totals, registering seven goals and 12 assists for 19 points in 52 games.

The Lightning did not release details of the contract.

Tampa Bay hopes 2022-23 was a temporary dip in Koepke’s production, although he’s likely just a year or two away from reaching the top of his development curve. With more seasoning in Syracuse next year, the Lightning would like to see production closer to his last two seasons at the University of Minnesota Duluth, where he notched 56 points in 62 games across his sophomore and junior seasons before turning pro at the end of 2020-21.

Koepke was a pending restricted free agent and eligible for arbitration. Per CapFriendly, he was due a qualifying offer of $787,500 on a one-year deal if an agreement wasn’t reached before the June 30 deadline.

Free Agent Focus: Tampa Bay Lightning

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Free agency is less than a month away and teams are looking ahead to when it opens.  There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well.  We continue our look around the NHL with an overview of the free agent situation for the Lightning.

Key Restricted Free Agents

F Tanner Jeannot – Jeannot was traded just prior to this year’s deadline for one of the most eyepopping returns we’ve seen in recent memory. Tampa Bay traded five draft picks plus Callan Foote for Jeannot who was held pointless in three playoff games this year. It remains to be seen if Jeannot can recapture the magic he showed in the 2021-22 season where he put up 24 goals and 17 assists in 81 games for the Nashville Predators and looked to be well on his way to being the NHL’s next power forward. This past year was a different story for the 26-year-old as he appeared lost at times and struggled to get to his game. He put up just six goals and 12 assists in 76 games between Nashville and Tampa Bay and looked as though he was searching for answers as the season went on.

Apr 20, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs defenseman Luke Schenn (2) fights with Tampa Bay Lightning left wing Tanner Jeannot (84) during the third period in game two of the first round of the 2023 Stanley Cup Playoffs at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY Sports

Tampa Bay will be looking for bigger things from the Saskatchewan native next season as their depth will be tested in the absence of some key contributors. Jeannot’s deployment changed after the trade from Nashville, and he was gifted the opportunity to have about 10% more offensive zone starts than he was getting with the Predators. He also saw less time on both the penalty kill and the powerplay which led to an average of three minutes less ice time per game. Jeannot may see more ice time this coming season as a lot of the forwards that were pushing him down the depth chart are likely to be exiting Tampa Bay this summer. This could lead Jeannot to sign a short-term deal to try and rebuild some of his value after coming off what was a bit of a lost season. I would expect a two-year bridge contract, but it is hard to nail down the annual value given how wildly different his past two seasons were. There are few comparables to Jeannot which should make for an interesting negotiation.

F Ross Colton – Colton has become a bit of a Swiss army knife for the Lightning and therein lies his value in the trade market, but also for any contract extension he is to sign. Colton is due for a significant raise on the $1.25MM he made last season. Given that he is a good penalty killer, can play center and the wing as is a good bet to hit 15 goals and 35 points he could triple his salary next season on a long-term deal.

Tampa Bay will have to decide if Colton is the piece to move out to bring in younger and cheaper assets, or if he is a piece that want to extend on a contract not unlike the one they signed Nick Paul to last summer. At 26-years-old Colton has plenty of productive seasons in front of him and could even develop into a perennial 25 goal scorer. He already has a season in which he scored 22 goals and is coming off a year where he put up 16 goals in 81 games while playing just 12 minutes a night.

Other RFAs: F Rūdolfs Balcers, F Gabriel Fortier, F Cole Koepke, F Grant Mismash, F Simon Ryfors, D Dmitri Semykin

Key Unrestricted Free Agents

F Alex Killorn – Killorn is the longest tenured Tampa Bay Lightning player having been drafted back in the third round of the 2007 NHL entry draft. The 33-year-old Halifax native is coming off a season in which he posted a career high 27 goals and 37 assists in 82 games. According to Elliotte Friedman, Tampa Bay has reportedly already made Killorn a long-term contract offer, but given his track record, he will be in demand and could be difficult for Tampa Bay to retain given their salary cap troubles.

Killorn has been consistency available for the Lightning having missed just two games since the 2015-16 season and scoring 40 points or more in nearly every season. While his 64 points this past season appear to be an outlier, he did put up 59 points last season and has shown steady offensive improvement despite being on the older side of 30. Tampa Bay can still make Killorn’s situation interesting, but it does appear that the long-time Lightning veteran will start next season in a different uniform. Killorn should be able to fetch a four-year contract with an average annual value north of $5MM per season.

D Ian Cole – Two-time Stanley Cup winner Ian Cole signed last season in Tampa Bay to provide the Lightning with a depth defenseman who could provide steady minutes on the backend as well as kill penalties. He did exactly that.

While his best years are likely behind him, Cole still played nearly 20 minutes a night and took almost 60% of his starts in the defensive zone. He doesn’t chip in much offensively, but he can still move the puck and get around the ice when he needs to. Cole had three goals and 14 assists in 78 games last season for Tampa Bay and could likely produce something similar again next season. Cole is likely looking for more security on his next deal as he has signed in back-to-back off-season’s for just a single year. However, I can’t see him getting more than two years at around $2.5MM-$3MM per season. It’s hard to say though, given the contracts NHL general managers threw at defensive defenseman last offseason, anything is possible for the 33-year-old.

C Pierre-Édouard Bellemare – Bellemare struggled in the minors before breaking into the NHL in his age 29 season. While it was a nice story at the time, Bellemare used his arrival to springboard himself into nine seasons in the NHL. Now at the age of 38, the native of France is coming off a down year in which his age appeared to catch up with him. Bellemare looked tired near the end of the year and struggled to four goals and nine assists in 73 games. Bellemare appeared to chase the game a lot more this season and had a hard time lining up hits, he also took more penalties as he uncharacteristically found himself out of position and was forced to take obstruction penalties.

Should he choose to keep playing, Bellemare could get a one-year contract, but given his age and lack of production last season, he is likely looking for something that is just above the NHL minimum.

Other UFAs: D Trevor Carrick, G Brian Elliott, F Pierre-Cédric Labrie, G Maxime Lagace, F Corey Perry, F Gemel Smith, F Daniel Walcott

Projected Cap Space

The Tampa Bay Lightning are one of a handful of teams that are right up against the cap with several key free agents to still try and lockup. Tampa has 17 players signed to NHL contracts with just $450K left to try and fill out their lineup. They will be able to put Brent Seabrook onto LTIR which will free up nearly $7MM in additional space. While this gives the Lightning some breathing room, it still won’t be enough to dress a full lineup for next season.

The club will likely have to move out a roster player or two to sign their remaining RFA’s which will create an additional complication. The Lightning have four players with full no movement clauses and an additional four players with full no trade clauses or modified no trade clauses. That effectively takes half of their signed players out of play if they are looking to make a move to free up cap space which will limit general manager Julien BriseBois’ options.

Tampa Bay has done a good job navigating cap challenges in the past but could be facing their toughest task yet as their two-time cup winning core has become increasingly expensive.

Photos courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Tampa Bay Lightning Sign Emil Martinsen Lilleberg

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The coffee must be good in Tampa Bay today, as Lightning general manager Julien BriseBois has announced his third signing of the day. Per the team, the Lightning have signed Norwegian defenseman Emil Martinsen Lilleberg to a two-year, two-way contract.

Lilleberg was part of the Arizona Coyotes organization until four days ago, when the team let his exclusive draft rights expire by not signing him to an entry-level contract. Arizona drafted Lilleberg with the 107th overall pick in the 2021 NHL Draft.

The 22-year-old left-shot defender was drafted out of Norway’s top league, a rarity among an already rare class of Norwegian nationals. Since his draft year, though, he’s made the move to the more competitive SHL, playing the last two seasons with IK Oskarshamn.

Lilleberg recently committed to SHL club Växjö Lakers HC for the 2023-24 season, so it remains to be seen whether Tampa Bay will loan him there for the first year of his contract. While he may still have some upside, he won’t be ready to see NHL ice in any event next year.

He’s represented Norway at the highest possible level of international competition for six straight years, including three World Championships, two U20 World Juniors, and two U18 World Juniors. Last year with Oskarshamn, Lilleberg recorded three goals and 11 points in 46 games, along with a -4 rating.

If he does come to North America next year, he’ll be headed to the AHL’s Syracuse Crunch.

Tampa Bay Lightning Sign Wallteri Merelä

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The Tampa Bay Lightning have signed forward Waltteri Merelä to a one-year, two-way contract, the team said Monday. It’s the team’s first undrafted free agent signing of the offseason.

Merelä, 24, spent 2022-23 with Liiga club Tappara, recording 15 goals and 33 points in 41 games while capturing his second consecutive Liiga championship. The right-winger was under contract with Tappara for 2023-24 but will now head stateside.

Merelä is quite the late bloomer, not even getting a look in Finland’s U20 league during his draft year, 2015-16. He’s pushed his development into overdrive since, however, and has showcased himself as one of the top U25 forwards in the Liiga.

He briefly appeared for Finland at this year’s Men’s World Championship, scoring a goal in one appearance, a 7-1 win against Hungary.

Merelä does have a decent chance to crack Tampa’s opening night roster, with some holes bound to be created in their forward corps by free-agent departures. Alex Killorn, Corey Perry, and Pierre-Édouard Bellemare are all pending unrestricted free agents and could either retire or price themselves out of a return.

He has proper size at 6-foot-2 and 196 pounds, and he does have a fair amount of physicality to his game. At first glance, he appears well-suited for a bottom-six role in head coach Jon Cooper’s system.

Tampa Bay Lightning Re-Sign Sean Day

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The Tampa Bay Lightning re-signed defenseman Sean Day to a one-year, two-way contract Monday, the team announced today.

Financial terms were not disclosed. The 25-year-old defender recorded 14 points in 63 games with the AHL’s Syracuse Crunch last season.

Day, who was granted exceptional status to enter the OHL as a 15-year-old, struggled for years to find his professional footing. The stability finally came in the Lightning organization, where Day posted back-to-back strong campaigns for the Crunch in 2020-21 and 2021-22, even earning a two-game NHL call-up in the latter season.

Things dried up for the 2016 third-round pick in 2022-23, however. Day went the entire campaign without scoring a goal and slipped down the Lightning organizational depth chart considerably, appearing in just one Calder Cup Playoffs game for Syracuse.

The one-year deal guarantees Day a spot in North American professional hockey for another season, but he’ll need to regain his 2021 form to earn him another NHL contract next summer.

A two-way defender by trade, Day was never able to put a complete game together after entering the OHL a season early. A rushed, high-intensity development process prohibited Day from taking the time he needed to grow his consistency and decision-making, dropping him from a highly-touted youngster to a middling prospect, even by the time he was drafted into the NHL seven years ago.

Without much organizational depth at the position, Day has more runway in Syracuse/Tampa Bay than most players in his situation to regain his confidence.

Offseason Checklist: Tampa Bay Lightning

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The offseason has arrived for all but the two teams that still have a shot at winning the Stanley Cup.  It’s time to examine what those eliminated squads will need to accomplish over the coming months.  Next up is a look at Tampa Bay.

After three straight Stanley Cup Final appearances, the Lightning weren’t able to make it four straight this season.  Instead, the third seed in the Atlantic Division fell in six to Toronto.  GM Julien BriseBois is all in on trying to keep as much of this core as possible so accordingly, their checklist this summer revolves around that desire.

Sign A Backup Goalie

Let’s start with a relatively simple one for Tampa Bay to hit on.  Brian Elliott has been the backup for the Lightning for the last two seasons.  The first one went well – better than expected, even – but 2022-23 was nowhere near that level.  His goals-against-average was up by nearly a full goal (2.43 to 3.40) while his save percentage dipped 21 points (.912 to .891).  He basically went from an above-average second-stringer to a below-average one.  Of course, the 38-year-old still provided some value for the team thanks to his $900K cap hit, just $150K below the league minimum.

With a little over $7MM in cap room per CapFriendly (which includes Brent Seabrook’s LTIR space), the cost of Andrei Vasilevskiy’s backup next season is almost as important as how they perform.  Is there a goalie on the open market that will be willing to take close to the minimum salary to play 20-25 games next season for the Lightning?  Probably.  Will that netminder be better than another season of Elliott?  That’s a decision that will need to be made once the free agent market opens up next month.

Try To Keep Killorn

Alex Killorn picked a pretty good time for a career year.  More specifically, another career year.  After setting new personal benchmarks in 2021-22 in assists (34) and points (59) as a 32-year-old, he went and did it again this season with 27 goals, 37 assists, and 64 points.  Impressively, he was able to do so despite seeing his ice time cut by nearly a minute and a half per game with a lot of that drop coming from the power play.  Heading into an opportunity to test the open market for the first time in his career, things went pretty well this year for Killorn.

His seven-year, $31.5MM started out on the pricey side relative to his point totals but has turned into a team-friendly deal the last couple of years.  Now, the 33-year-old will enter the market as the highest-scoring UFA, putting him in a spot to cash in with one last long-term agreement.

Tampa Bay would love for Killorn’s tenure to continue with them.  Making that happen, however, will certainly be challenging.  There’s no way they can afford to pay market value to bring the winger back as they need to spread that $7MM in cap room across at least five roster spots.  Even if the other four were at the minimum salary, the maximum they could offer Killorn would still represent a small cut from what he was making before.

Basically, their only hope to keep him around as things stand might be to work out a max-term contract or very close to it.  In exchange for being paid into his early 40s, Killorn would likely accept a price tag below what he made on his now-expiring contract and well below market value.  Frankly, even that feels like a stretch, not to mention the pressure points it would put on their other free agents (more on them momentarily).  Their other option to try to keep Killorn would be to move another player out to create some extra cap room.  Nick Paul ($3.15MM) is one candidate that stands out but he’s signed through 2028-29, a term that might be too long for most other teams to willingly take on.

It certainly doesn’t feel like Killorn will be back with the Lightning next season unless he’s willing to leave a lot of money on the table to stay with the only NHL organization he has ever been with since they drafted him back in 2007.  However, given his importance to the team, expect BriseBois to exhaust every possible way to try to make it happen over the next few weeks.

Deal With Pending RFAs

Now let’s get to those pending restricted free agents.  Tampa Bay has two of note to deal with this summer, wingers Tanner Jeannot and Ross Colton.  Notably, both players are arbitration-eligible and have one year of club control left before they can become unrestricted free agents as soon as 2024.  That option does give them some leverage in upcoming negotiations.

Jeannot was the Lightning’s key acquisition at the trade deadline when they parted with five draft picks over the next three seasons (one in each of the first five rounds of the draft) along with young defenseman Cal Foote to bring in the rugged winger.  In 2021-22, he had a breakout year with Nashville, notching 24 goals and 17 assists along with 130 penalty minutes and 318 hits, putting him in the top ten in Calder Trophy voting.

However, he wasn’t able to repeat the offensive production this season, notching just six goals with a dozen assists with 107 penalty minutes and 290 hits.  That said, considering how much they paid to get him, it stands to reason that BriseBois will be looking to sign Jeannot to a multi-year deal and make him a big part of their bottom six moving forward.  A contract like that will push past the $2MM mark at a minimum, likely closer to $3MM if it’s a long-term pact.

As for Colton, he has worked his way into a capable secondary scorer the last two seasons after scoring the Cup-clinching goal in 2021.  He had 16 goals and 16 assists this season, a year after putting up 22 tallies and 17 helpers.  Colton can play down the middle which also boosts his value.  Basically, his value has gone up to a point where it’s quite unlikely that they’ll be able to afford to keep him; a multi-year deal likely pushes the $3MM mark.

The good news for Tampa Bay is that Colton should have some value on the trade market.  Even with a lot of teams being tight to the cap, a capable middleman with a decent playoff track record is sure to generate some interest.  Draft picks and prospects would certainly help but it wouldn’t be shocking to see the Lightning try to acquire a controllable depth piece or two to help offset the potential losses of Corey Perry and Pierre-Edouard Bellemare, important role players that are set to hit the open market this summer.  Tampa has had to move quality pieces in recent years and there’s a good chance that Colton finds himself in that situation this summer.

Stamkos Extension Talks

Over the last couple of years, BriseBois has actively sought to sign players to extensions as soon as they become eligible.  Last summer, Mikhail Sergachev, Erik Cernak, and Anthony Cirelli all signed on July 1st.  The year before, it was Brayden Point getting his new deal in place on July 28th, the first day of the new league year.  With that in mind, it wouldn’t be surprising to see history repeat itself, this time with captain Steven Stamkos.

The 33-year-old hasn’t been able to get back to the 50-goal mark that he did in two of his first four seasons but he remains a consistent impact scorer.  A year after putting up a career-high 106 points, Stamkos took a small step back this season but still scored 34 goals along with 50 assists in 81 games to finish third on the team in scoring.  While it’s fair to believe that he will start slowing down at some point, he should have several more strong seasons in him before that point.

Given his age, Stamkos’ next contract should come in below his current $8.5MM AAV.  It’s possible that they look to do what they’ve tried to with Killorn by offering a longer-term agreement in exchange for a more favorable cap charge but if they opt for more of a medium-term contract, it should check in closer to the $7.5MM to $8MM range.  This is something that isn’t a rush for the Lightning – Stamkos’ last negotiation came much closer to the wire – but knowing the affinity BriseBois has for his core, expect him to take a run at getting this done early in the summer, possibly as soon as July 1st, the first day a new deal can be finalized.

Photo courtesy of USA Today Sports Images.

Lightning Believed To Have Offered Long-Term, Low AAV Contract To Alex Killorn

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The Lightning are believed to have made a long-term, low AAV offer to pending unrestricted free agent winger Alex Killorn, notes Sportsnet’s Elliotte Friedman in his latest 32 Thoughts column.  The 33-year-old is coming off a career year that saw him put up 27 goals and 37 assists in 82 games and has the most points of any player set to hit the open market.  After playing on a $4.45MM AAV deal that has been team-friendly the last couple of seasons, Killorn will have a chance at a sizable increase in free agency.  Tampa Bay would undoubtedly love to keep him in the fold but with minimal cap space to work with this summer, they can’t afford to pay market value.  Accordingly, their most realistic chance to keep him is a long-term agreement that would almost certainly be an overpayment by the time it expires but a low enough AAV that they can squeak him in under the Upper Limit.  Even so, that will be a tough sell.

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