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Trade Interest Rising In Tanner Jeannot

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Before last year’s deadline, the Lightning pulled off one of the most controversial trades in recent memory by unloading five draft picks and defense prospect Callan Foote to acquire middle-six winger Tanner Jeannot from the Predators. Now, after an extremely underwhelming tenure in Tampa, he appears to be on the block again, Elliotte Friedman of Sportsnet said on “32 Thoughts: The Podcast” on Monday.

Friedman called him “a name to watch” in the coming weeks as the Lightning aim to up their available cap space in an effort to keep captain Steven Stamkos from reaching unrestricted free agency. He didn’t firmly name any clubs as being connected to Jeannot thus far. However, he did report that multiple interested parties believe his 24-goal campaign in Nashville two years ago is more representative of his long-term ceiling than his fourth-line caliber play in Tampa. He and “32 Thoughts” cohost Jeff Marek named the Flames as a speculative trade destination but stopped short of saying they have an interest in Jeannot.

The 6’2″, 207-lb power forward never seemed to gel with the Bolts, only scoring a goal and three assists in 20 games down the stretch after his acquisition in 2022-23. He struggled with injuries in their first-round loss to the Maple Leafs, too, only making three appearances with no points and a -2 rating.

That limited his value when he was up for a new contract last summer – a bit of a blessing for the Lightning, who have been strapped for salary cap space throughout most of their recent championship contention window. A restricted free agent at the time, he inked a two-year, $5.33MM deal. He has a 16-team no-trade list that kicks in on July 1, something that will ramp up their efforts to move him by the 2024 NHL Draft at the end of next month if general manager Julien BriseBois places him on the block in earnest.

Trading Jeannot without taking any NHL roster players back would open up an additional $2.665MM in cap space for Tampa, bringing their total projected cap space next season up to $7.7MM. That’s likely enough space to re-sign Stamkos if he takes a realistic discount. Expecting him to take closer to $4MM per season extension, a necessity with their current cap situation, undercuts his market value by roughly 50 percent.

Even if teams are optimistic about Jeannot rebounding back to 20-goal, 40-point form, his trade value won’t be high. He posted just seven goals and 14 points with a -10 rating in 55 games this season and is entering the final season of his contract while being a UFA upon expiry. That won’t be a major concern for BriseBois, though, who’s moving him as a pure cap dump. The club was in a similar situation two offseasons ago with defenseman Ryan McDonagh, who they re-acquired last week, dealing him to the Preds for a pair of minor-league players.

Jeannot turns 27 on Wednesday. An undrafted free agent signing by Nashville in 2018, he has 42 goals, 38 assists, 80 points, a -9 rating, and 314 PIMs in 227 career games since making his debut in 2021.

Lightning’s Ilya Usau Clears Waivers, Has Contract Terminated

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05/26: Ilya Usau has cleared waivers and will have his contract terminated, per CapFriendly (Twitter link). His contract has now been mutually terminated

05/25: The Tampa Bay Lightning have placed centerman Ilya Usau (Usov) on unconditional waivers for the purposes of contract termination, per CapFriendly (Twitter link). Usau had one year remaining on a three-year, $2.8MM entry-level contract signed in 2022. He earned the deal following a three-game appearance with Belarus at the 2022 Olympic Qualifiers – an appearance he made in the midst of a 26-point season in the KHL. Usau has since spent the last two seasons with the AHL’s Syracuse Crunch, recording 30 points across 99 games with the team.

Usau was first draft-eligible in the 2020 NHL Draft. He spent his season with the WHL’s Prince Albert Raiders, recording 22 goals and 52 points in 58 games in his first season in Canada – after growing up through the USA youth hockey system and even appearing in four USHL games in 2019. His scoring in Western Canada drew the attention of scouts, finishing the year as the 101st-ranked prospect in TSN’s Craig Button’s final rankings. But Usau went unclaimed in the draft and decided to move back to his native Minsk, Belarus, signing with the KHL’s Dinamo Minsk.

That’s likely where Usau is bound for with this move, shares James Mirtle of The Athletic (Twitter link). If that’s the case, he’ll be returning to a KHL career just four games shy of 100 career games and, presumably, a Dinamo Minsk club that extended their playoff streak to four seasons this year.

Lightning Sign Dyllan Gill To Entry-Level Contract

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The Lightning have signed right-shot defense prospect Dyllan Gill to his three-year, entry-level deal, per CapFriendly. It carries an $870K cap hit, including $775K in base salary, a $95K signing bonus, an $80K games played performance bonus, and a minors salary of $82.5K annually.

Tampa would have lost Gill’s exclusive signing rights if they hadn’t inked him to a deal by next month. This would have allowed him to re-enter the draft and be eligible for selection in 2024.

Gill, 19, has spent his major junior career in the Quebec Maritimes Junior Hockey League with the Rouyn-Noranda Huskies. While he served as captain this season, his campaign was cut short after just 12 games due to an upper-body injury.

The defender had a strong post-draft season with Rouyn-Noranda in 2022-23, though, posting eight goals and 49 assists for 57 points in 68 games with a +12 rating. He’s intelligent with the puck in his own end and has good size at 6’2″.

The New Brunswick native turns 20 next month and is eligible for assignment to AHL Syracuse next season. However, after missing most of last year due to injury, the Lightning could loan him back to Rouyn-Noranda for an overage season if the club has an open spot. Canadian Hockey League clubs are allowed to carry three 20-year-olds on their roster at any given time.

Gill will become a restricted free agent when his deal expires after the 2026-27 season. His younger brother, Spencer Gill, is also a right-shot defenseman and is expected to be a second or third-round pick in this year’s draft.

Lightning Notes: Stamkos, McDonagh, Sergachev

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The Lightning are still confident they have enough cap space to re-sign pending UFA captain Steven Stamkos, even after adding Ryan McDonagh via trade from the Predators today, general manager Julien BriseBois said (via the team’s Chris Krenn).

With McDonagh’s $6.75MM cap hit now on the books, the Lightning are down to roughly $5MM in projected cap space for next season, per CapFriendly. There could always be a cap-clearing move coming, although BriseBois didn’t hint at one in his media availability today.

That implies Stamkos taking a serious discount to remain in Tampa. With a bare-minimum roster of 18 skaters, the Lightning still have two open forward spots next season – one for Stamkos, one for someone else. If they add a forward making the $775K league minimum against the cap to fill one open spot, the most they could offer Stamkos for an average annual value would be $4.25MM. Evolving Hockey’s contract projections indicate his market value could inch up toward the $8.5MM range if he hits the open market, so he would be taking a 50% discount to stay in Tampa for that number – albeit likely for more term on his contract as a trade-off.

Other notes from the Bolts today:

  • Adding a top-four defenseman was BriseBois’ top priority this summer, he told Krenn, and McDonagh ended up being the most desirable because of his familiarity with the roster and his two-year term. He indicated that he was unwilling to dish out the contract length required to land one of the marquee defensemen on the free agent market, even if he was willing to spend the upward of $6MM annually it takes to get McDonagh back on the team. Back in Nashville, Predators GM Barry Trotz told reporters, including the Tennessean’s Alex Daugherty, that McDonagh asked the Nashville front office to explore a trade back to Tampa this summer. McDonagh has a full no-trade clause.
  • With McDonagh back in the fold, don’t expect Lightning head coach Jon Cooper to bump Mikhail Sergachev back to a third-pairing role like he served during the team’s Stanley Cup wins in 2020 and 2021. Instead, BriseBois indicated the team is likely to explore loading up their top two pairings with McDonagh, Sergachev, Erik Černák and Victor Hedman, with the lefty Sergachev moving to his off-side to accommodate (via Bally Sports Florida’s Gabby Shirley). That would leave a third pairing (for now) of Nick Perbix and Darren Raddysh, both right-shot defenders, although they could easily add a depth left-shot blue liner for league minimum to rotate in on the third pair.

Lightning Acquire Ryan McDonagh From Predators

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The Lightning have re-acquired defenseman Ryan McDonagh from the Predators via trade, the team announced Tuesday. Tampa is picking up the Oilers’ 2024 fourth-round pick in the deal and sending their 2025 second-round pick and 2024 seventh-round pick to Nashville in return.

It’s incredibly unusual timing for a swap, especially one of this significance. Both the Bolts’ and Preds’ seasons ended a few weeks ago in first-round playoff exits.

There was no previous indication McDonagh was on the trade block, but he’ll now finish out the last two seasons of his seven-year, $6.75MM AAV contract back in Tampa, where he signed it in 2018. The Predators are not retaining salary in the deal – an important factor for the Lightning as they attempt to keep captain Steven Stamkos, a pending unrestricted free agent, from going to market.

McDonagh, who was part of the Lightning’s three straight Stanley Cup Final appearances from 2020 to 2022, spent the last two seasons in Nashville after the Lightning couldn’t afford to keep his contract on the books. They traded him to the Preds in July 2022 for minor-league pieces Grant Mismash and Philippe Myers. Mismash never suited up for Tampa and is now playing in Norway, while Myers has logged 16 appearances for the Bolts in the last two seasons.

It’s hard to argue with the asset management here from Predators general manager Barry Trotz. McDonagh gave them two seasons of solid top-four minutes, averaging 21:40 per game over 145 contests. He isn’t the player he once was offensively, but he still put up a respectable 52 points in a Nashville uniform and a combined +31 rating, which leads Nashville skaters since 2022-23. Trotz also nets a second-round pick for his troubles.

McDonagh’s contract has a full no-trade clause, which he waived to return to Tampa. The Lightning have struggled defensively without him the past two seasons, going from a consistent top-10 team in goals against to 14th in 2022-23 and 22nd this season. They also haven’t managed to win a playoff series since trading him away, losing to the Panthers in the first round this season and the Maple Leafs last year. While trading him away did allow GM Julien BriseBois to sign the younger Erik Černák, Anthony Cirelli and Mikhail Sergachev to long-term extensions, it didn’t result in a continuation of their success from the beginning of the decade.

The veteran defenseman turns 35 next month and is entering his 15th NHL season. Formerly the captain of the Rangers, the Lightning initially acquired McDonagh, along with J.T. Miller, in a blockbuster trade at the 2018 deadline. McDonagh played parts of five seasons in Tampa before ending up in Nashville, putting up 99 points and a +74 rating in 267 games in a Lightning uniform while averaging 21:51 per game.

However, re-acquiring McDonagh doesn’t mean the Lightning are in a more advantageous cap situation than when they traded him away. They’re down to just over $5MM in projected cap space next season with a roster size of 18, per CapFriendly, likely not enough to re-sign Stamkos without a corresponding move.

Evolving Hockey projects Stamkos could earn close to $8.5MM annually on a short-term deal on the open market, and while he’s likely willing to take a hometown discount to stay in Tampa, a contract worth less than half his market value would be extreme. They also have a couple of other depth forward spots to fill to ice a full roster, and none of their minor-league forwards are particularly strong candidates to crack next fall’s opening night roster.

After trading away their 2025 second-rounder in this deal, the Lightning now don’t have a pick in the first two rounds until 2026. That’s a tough sell for an aging core, considering they have a bottom-five prospect pool in the league, as analyzed by The Athletic’s Scott Wheeler.

Meanwhile, Trotz frees up some significant cap space to allow Nashville to be slightly more aggressive in free agency. The buyout penalty for Matt Duchene increases by $3MM on July 1 to a $5.55MM price tag next season, eating into their offseason flexibility. After moving McDonagh, CapFriendly now projects the Preds with $26MM in space next season with a roster size of 15. That’s more than enough to go big-game hunting for a younger, more cost-controlled replacement for McDonagh on the open market this summer.

Photo courtesy of USA Today Sports.

Afternoon Notes: Huhtanen, Lyle, Nečas

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The Tampa Bay Lightning have made the signing of forward prospect Niko Huuhtanen official, following reports of the signing yesterday. The three-year, entry-level deal will kick off next year and carries $57.5K in performance bonuses and $92.5K in signing bonuses each season, in addition to its $867.5K cap hit. Huuhtanen is currently playing with the AHL’s Syracuse Crunch, appearing in two games of the Calder Cup Playoffs but still searching for his first AHL point.

Huuhtanen played through his second full season in Finland’s Liiga this season, recording 19 goals and 46 points in 52 games. Tampa drafted Huuhtanen in the seventh round of the 2021 NHL Draft, selecting him out of Finland’s U20 league after he posted 20 goals and 34 points in 37 games. He moved to America in the following season – appearing in 65 games and recording 77 points with the WHL’s Everett Silvertips. But his juniors career was short-lived, and Huuhtanen returned back to Finland ahead of last season – posting 17 goals and 30 points in 48 games as a Liiga rookie.

Huuhtanen has scored at every level and served as a staple for Finland’s international teams for the last six seasons. He’s a hefty winger who sacrifices swift feet for strength. He doesn’t lack finesse, though, and knows how to use his strong frame to fight for space and become an option for teammates. From there, Huuhtanen’s shot is strong enough to make him dangerous anywhere in the offensive end. He’ll likely return to the AHL next season, though his strong performances against pro competition in the Liiga could help him rival the Lightning lineup soon.

Other notes from around the league:

  • Pending Calgary Flames free agent Brady Lyle has signed with HC Dynamo Minsk of the KHL. Lyle was previously a Group 6 free agent in the NHL, set to become an unrestricted-free agent if Calgary didn’t sign him by July 1st. He’ll now head to Russia, after posting 15 points in 47 games with the AHL’s Calgary Wranglers this season. The scoring brought his career point totals up to 51 across 186 AHL games. With Lyle now headed to Russia, Calgary’s only remaining Group 6 free agent is centerman Benjamin Jones.
  • Carolina Hurricanes centerman Martin Nečas is joining Team Czechia for the remainder of the World Championship, reports Walt Ruff of NHL.com (Twitter link). Nečas’ NHL season ended with Carolina’s Game 6 defeat on Thursday. He contributed nine points in 11 playoff games – a boost in production after he managed just 53 points during the regular sesaon. This will be the first time that Nečas has played with Team Czechia since the 2019 World Juniors, when he posted four points in five games. He made his World Championship debut in 2018, with five points in seven games.

Lightning Sign Mitchell Chaffee To Two-Year Extension

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The Lightning have re-signed winger Mitchell Chaffee to a two-year contract, per a team announcement Thursday. The deal, his first one-way pact, carries a cap hit of $800K and a total value of $1.6MM.

Chaffee, 26, landed with the Lightning last summer on a one-year, two-way contract with a $350K guarantee after reaching Group 6 unrestricted free agency. An undrafted free agent signing by the Wild in 2020, Chaffee made his NHL debut in Minnesota in 2021-22 but played just two games with the club, instead spending most of his time on assignment to AHL Iowa.

The Michigan native had set himself up as a top-six minor-league contributor early on, totaling 23 goals and 39 points in 49 games by his second professional season. But a torn ACL in his right knee ended his 2022-23 campaign after seven points in 10 games, after which the Wild opted not to bring him back and let him walk to free agency.

Healthy once again, Chaffee began the season on assignment to AHL Syracuse after clearing waivers and was solid on a middling offensive club, recording 12 goals and 26 points in 36 contests. He was recalled twice on brief stints in December and January but remained on the NHL roster for the rest of the regular season and playoffs after a Feb. 5 recall. In 30 games with the Bolts, primarily stepping in for the injured Tanner Jeannot, the 6’1″ winger had four goals in seven points while averaging 11:17 per contest. He struggled to get the puck on net, averaging less than one shot on goal per game but was a skilled finisher and shot nearly 15%.

Possession numbers weren’t particularly kind to Chaffee, who posted a below-average 47.4 CF% and 41.1 xGF% at even strength, per Hockey Reference. He did manage to stay out of the box, though, taking just two minor penalties

He’ll be in consideration for an opening-night roster spot next season, but ideally, he serves as their 12th or 13th forward option. He didn’t display enough offensive talent to elevate into a top-nine role long-term, and his poor relative possession numbers, despite seeing even offensive and defensive usage at even strength, don’t paint the best picture of him as a third-line checking threat.

After re-upping Chaffee, the Lightning have $11.79MM in projected cap space next season with a roster size of 17, per CapFriendly. A good chunk of that will go toward attempting to re-sign captain Steven Stamkos and avoiding losing him after 16 years and nearly 1,100 games with the club. Chaffee was set to become a Group 6 UFA yet again this summer if not extended.

NHL-Affiliated Prospects Playing In 2024 Memorial Cup

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The field for the 2024 Memorial Cup, the top club tournament in junior hockey, is set. The QMJHL’s Drummondville Voltigeurs, the OHL’s London Knights and the WHL’s Moose Jaw Warriors all swept their respective league championship series within the last two days to advance to the CHL championship tournament, joining the host Saginaw Spirit of the OHL.

This year marks the first Memorial Cup held in the United States since 1998, which was hosted by the WHL’s Spokane Chiefs. The Spirit will attempt to become the first U.S.-based team to win since the Chiefs in 2008, and they have a strong chance. They’re stronger than a typical host team, finishing second in the league in the regular season with a 50-16-2 record and trailing London by just two points. They were eliminated by London in six games in the Western Conference Final.

The Knights lead the way with 10 NHL-affiliated prospects on their roster, including two first-round picks in Flyers defenseman Oliver Bonk and Maple Leafs forward Easton Cowan. The latter was named the OHL playoffs MVP after leading the Knights in scoring with 10 goals, 24 assists and 34 points in just 18 games. He had 15 points in four games in their championship sweep over the Oshawa Generals.

If you’re looking for some non-Stanley Cup Playoff hockey to watch, check to see if your favorite NHL team has prospects suiting up in the tournament, which begins May 24:

Drummondville Voltigeurs (QMJHL champion)

D Mikaël Diotte (Devils, free agent signing)
RW Ethan Gauthier (Lightning, 2023, 37th overall)
RW Alexis Gendron (Flyers, 2022, 220th overall)
D Vsevolod Komarov (Sabres, 2022, 134th overall)

NHL Utah 2022 first-round pick D Maveric Lamoureux is out for the season after undergoing shoulder surgery in March.

London Knights (OHL champion)

C Denver Barkey (Flyers, 2023, 95th overall)
D Oliver Bonk (Flyers, 2023, 22nd overall)
C Easton Cowan (Maple Leafs, 2023, 28th overall)
D Jackson Edward (Bruins, 2022, 200th overall)
D Isaiah George (Islanders, 2022, 98th overall)
RW Kasper Halttunen (Sharks, 2023, 36th overall)
C Jacob Julien (Jets, 2023, 146th overall)
C Kaleb Lawrence (Kings, 2022, 215th overall)
C Max McCue (Blue Jackets, free agent signing)
C Landon Sim (Blues, 2022, 184th overall)

Moose Jaw Warriors (WHL champion)

RW Jagger Firkus (Kraken, 2022, 35th overall)
D Denton Mateychuk (Blue Jackets, 2022, 12th overall)
D Kalem Parker (Wild, 2023, 181st overall)
D Vojtech Port (Ducks, 2023, 161st overall)
LW Martin Rysavy (Blue Jackets, 2021, 197th overall)
C Matthew Savoie (Sabres, 2022, 9th overall)
C Brayden Yager (Penguins, 2023, 14th overall)

Saginaw Spirit (host)

C Owen Beck (Canadiens, 2022, 33rd overall)
LW Josh Bloom (Canucks, acquired from Sabres in 2023 trade for Riley Stillman)
D Rodwin Dionicio (Ducks, 2023, 129th overall)
D Jorian Donovan (Senators, 2022, 136th overall)
C Hunter Haight (Wild, 2022, 47th overall)
C Ethan Hay (Lightning, 2023, 211th overall)
G Nolan Lalonde (Blue Jackets, free agent signing)
C Matyas Sapovaliv (Golden Knights, 2022, 48th overall)
C Joseph Willis (Predators, 2023, 111th overall)

Lightning Sign Niko Huuhtanen

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The Lightning have signed one of their prospects as CapFriendly reports (Twitter link) that they’ve signed forward Niko Huuhtanen to a three-year, entry-level contract.  The deal carries an AAV of $925K and breaks down as follows:

2024-25: $775K salary, $92.5K signing bonus, $57.5K games played bonus
2025-26: $775K salary, $92.5K signing bonus, $57.5K games played bonus
2026-27: $775K salary, $92.5K signing bonus, $57.5K games played bonus

The 20-year-old was a seventh-round pick back in 2021, being taken with the 224th and final selection of that draft class.  Since then, his stock has gone up considerably.  Huuhtanen spent his post-draft season in junior with WHL Everett, collecting 37 goals and 40 assists in 65 games.

However, Huuhtanen decided to go back home and play professionally over staying in junior.  He has spent the last two seasons with Jukurit in Finland’s Liiga.  After putting up a respectable 30 points in 48 games in his rookie season, Huuhtanen was even better this year, collecting 19 goals and 27 assists in 52 contests to lead his team in scoring while finishing inside the top 20 league-wide.

While his season in Finland is over, Huuhtanen’s campaign hasn’t ended just yet.  He’s currently with AHL Syracuse on a tryout agreement as their playoff run continues (they begin the North Division Finals tonight) and is likely heading for a longer stay with them next season.

Afternoon Notes: Hedman, Landeskog, Reilly

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Joe Smith of The Athletic writes that Tampa Bay Lightning general manager Julien BriseBois plans to re-sign defenseman Victor Hedman before the end of his current contract which expires on July 1st, 2025. The Lightning reportedly started engaging in contract talks with the 33-year-old last week but can’t officially sign a new deal until July 1st, 2024.

Hedman remains one of the NHL’s elite defensemen coming off another strong season in which he posted 13 goals and 63 assists in 78 games while averaging just a tick under 25 minutes of ice time per game.

The Lightning are no longer the perennial Stanley Cup contender of a few years ago but they remain a strong team with a very good core and have been aggressive in extending their group long term having locked up six regulars to contracts beyond the 2028-29 season.

In other afternoon notes:

  • Ryan Boulding of NHL.com tweeted that Colorado Avalanche head coach Jared Bednar told reporters that forward Gabriel Landeskog is increasing the time he’s on the ice, and increasing the repetition in his workouts but he isn’t close to practicing with the team. Landeskog had knee cartilage surgery exactly one year ago today, and while the projected recovery time for that type of procedure is usually one year, it doesn’t appear as though he will return anytime soon. Bednar remained non-committal when pressed by reporters, simply saying that the team doesn’t know a timeline for a return.
  • Stefan Rosner of The Hockey News writes that New York Islanders defenseman Mike Reilly is hoping to sign an extension with the team before his contract expires on July 1st. Reilly has played with six different NHL teams in his short career and it’s not surprising to see him looking for the stability of an extension. Reilly was bought out last summer by the Boston Bruins but then signed a one-year, $1MM contract with the Florida Panthers before he was acquired off waivers in November by the Islanders. He played 50 games for New York, notching five goals and 14 assists during that time and providing the Islanders with a lot of good work in their transition game. The Islanders don’t have much in the way of cap space this summer but would have room to fit Reilly in, should they want to keep him with the team.

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