Lightning Sign Jake Guentzel To Seven-Year Contract
The Lightning have taken our No. 1-ranked UFA off the board. After acquiring his signing rights from the Hurricanes yesterday, they’ve locked in left winger Jake Guentzel on a seven-year, $63MM deal ($9MM cap hit), per a team announcement.
Pierre LeBrun of TSN and The Athletic has the full breakdown of the deal:
2024-25: $1MM base salary, $12.26MM signing bonus, no-move clause
2025-26: $1MM base salary, $8.95MM signing bonus, NMC
2026-27: $3.96MM base salary, $4MM signing bonus, NMC
2027-28: $1MM base salary, $6.96MM signing bonus, NMC
2028-29: $1MM base salary, $6.96MM signing bonus, 10-team trade list
2029-30: $1MM base salary, $6.96MM signing bonus, 10-team trade list
2030-31: $1MM base salary, $6.96MM signing bonus, 10-team trade list
While many had questioned Guentzel’s value after spending nearly all of his eight-year NHL career stapled to Sidney Crosby‘s wing in Pittsburgh, a trade deadline deal to Carolina proved beyond a reasonable doubt that he’s a top-flight first-line talent in his own right. The 29-year-old has averaged more than a point per game over the last six seasons, totaling 189 goals, 221 assists and 410 points in 398 games since his breakout 40-goal campaign with the Penguins in 2018-19.
Carolina acquired Guentzel at the trade deadline, hoping to get him signed to an extension as he hurtled toward free agency, but it wasn’t in the cards. Guentzel’s initial ask was a reported eight-year, $64MM deal ($8MM AAV), something the Hurricanes weren’t willing to meet until too late in the process, LeBrun said last week. He was excellent down the stretch while alternating between Carolina’s top two forward lines, ending the year with eight goals and 17 assists for 25 points in 17 games with a +16 rating. Playing mostly alongside Sebastian Aho in the playoffs, Guentzel continued his reputation as a strong playoff performer with four goals and five assists in 11 contests.
A third-round pick of the Penguins in 2013, Guentzel played a key role in the second of the Penguins’ back-to-back Stanley Cup championships in 2017. He led the league in playoff goal-scoring as a rookie, lighting the lamp 13 times in 25 games – five of which were game-winners.
It’s clear that Lightning GM Julien BriseBois is banking on Guentzel being a more expensive yet more sustainable long-term replacement for Steven Stamkos. Their longtime captain is expected to find a new home on the open market today after failing to come to terms on an extension.
In Tampa, Guentzel could form one of the most terrifying top lines in the league alongside Nikita Kucherov and Brayden Point. Kucherov is coming off a 100-assist, 144-point campaign that won him the second Art Ross Trophy of his career, while Point has hovered around the 50-goal mark for the past two seasons.
The Lightning have $7.5MM in projected cap space remaining for 2024-25 after the Guentzel signing, per CapFriendly. They still have six open roster spots, including newly acquired RFA defenseman J.J. Moser.
Image courtesy of USA Today Sports.
Lightning Nearing Extension With Victor Hedman
According to Kevin Weekes of ESPN, the Tampa Bay Lightning are nearing a contract extension with all-star defenseman Victor Hedman. The news comes shortly after the report indicating that Jake Guentzel will be signing with the organization after the team traded for his signing rights earlier this afternoon. Because he is already signed to a contract in Tampa Bay, Hedman will have to wait until tomorrow to sign a new agreement.
Hedman is set to wrap up his current eight-year, $63MM extension after the 2024-25 NHL season concludes, and would have become an unrestricted free agent for the first time in his career at 34 years old. With an average annual value of $7.875MM since the start of the 2017-18 NHL season, there is an argument to be made that Hedman has been playing on a bargain of a contract for some time.
Over the life of his current contract, Hedman has appeared in 503 regular season games for the Lightning while scoring 91 goals and 427 points. The Lightning have made the postseason in each year of the deal while Hedman has assisted the team with 17 goals and 80 points over those seven years. Hedman has also won one Norris Trophy, one Conn Smythe Trophy, and two Stanley Cup rings in hardware.
The former second-overall pick can still be counted on to log heavy minutes on the ice but may see his workload increase after the team parted ways with defenseman Mikhail Sergachev on the second day of the 2024 NHL Draft. Hedman appeared to handle the workload fine with Sergachev out for much of the regular season this past year but it will be interesting to see if he can keep up that fortitude over the life of the expected extension.
The full terms of the deal will likely break tomorrow and it will be interesting to see how long the Lightning go on a Hedman extension. The team was recently willing to give a similarly-aged Steven Stamkos an eight-year agreement to keep the AAV down towards a team-friendly level.
Lightning Reportedly Reach Contract Agreement With Jake Guentzel
According to Frank Seravalli of Daily Faceoff, the Tampa Bay Lightning have agreed to terms on a contract with pending UFA forward Jake Guentzel. The deal’s financial terms were not disclosed and may take until tomorrow to fully develop. The news comes a few hours after the Lightning acquired Guentzel’s rights from the Carolina Hurricanes in exchange for a third-round pick in the 2025 NHL Draft.
The reported deal will likely check in at an eight-year term with the Lightning owning enough cap space to give Guentzel nearly $10MM annually. Because the team acquired Guentzel’s signing rights earlier today, Tampa Bay became the only team able to sign Guentzel to an eight-year contract. If Guentzel made it to free agency tomorrow, the Lightning would have only been able to offer him a max of seven years — the same as all other suitors.
After being acquired by the Hurricanes at the trade deadline from the Pittsburgh Penguins, Guentzel proved beyond the shadow of a doubt that he could thrive without playing next to Sidney Crosby. However, by inking a contract with the Lightning, Guentzel may arguably have better linemates. The team will likely start him next to Nikita Kucherov and Brayden Point on the top line, with the former finishing up a season in which he led the league in assists and points.
Guentzel will land in Tampa Bay having already played 520 regular season games at the NHL level while scoring 227 goals and 491 points through eight years. Largely known for his postseason contributions; Guentzel is a one-time winner of the Stanley Cup as he’s scored 38 goals and 67 points in 69 career games in the playoffs. After being knocked out in the first round of back-to-back postseasons, the Lightning will surely be looking for Guentzel to help turn around the team’s most recent fortunes.
Depending on the financial terms of the agreement, the contract between Guentzel and the Lightning organization may have some collateral damage. With longtime captain Steven Stamkos hitting the free agent market tomorrow, Tampa Bay may not have the cap flexibility to re-sign him after all.
Lightning Acquire Lukas Svejkovsky From Penguins
The Tampa Bay Lightning and Pittsburgh Penguins have swapped depth forwards, with Pittsburgh receiving Bennett MacArthur and Tampa receiving Lukas Svejovsky (Twitter link).
MacArthur, 23, spent the season in the ECHL, totaling 32 points through 55 games. It was his second year in the league, after playing through his first pro season to the tune of 28 points in 53 games last year. Tampa signed MacArthur as an undrafted free agent in 2022, following the end of his season with the QMJHL’s Acadie-Bathurst Titan. MacArthur only played in parts of three seasons in the QMJHL, though he always found his way to strong scoring, recording 42 goals and 77 points in 54 games during his final year in the league. He’ll spend the final year of his entry-level contract pushing for a consistent role in the AHL, before setting his sights on the Penguins roster.
Meanwhile, Svejovsky, 22, was drafted by Pittsburgh in the fourth round of the 2020 NHL Draft, after a strong year in the WHL. He went on to play two more seasons in the WHL, potting 76 points in 57 games in his final year. Svejovsky totaled a stout 162 points in his 196 career WHL games – seeming like a potentially lucrative prospect for Pittsburgh when he signed his entry-level contract in 2022. But Svejovsky had a slow start in pros, with just 15 points in 47 AHL games last year followed by four points in 19 games this year. Those low totals contributed to Svejovsky’s move to the ECHL partway through this year. He was able to rediscover his spark in the third-tier pro league, scoring 37 points in 30 games. That should be enough to earn him a move back to the AHL, though he’ll have to keep up his scoring if he wants to push any higher.
Lightning Acquire Rights To Jake Guentzel
The Tampa Bay Lightning have acquired the rights to pending free agent Jake Guentzel from the Carolina Hurricanes in exchange for Tampa’s 2025 third-round pick (Twitter link).
Never ones to be subtle, it seems Tampa is taking their cap squeeze into their own hands – ending speculation about all-time Bolt Steven Stamkos, who is expected to become an unrestricted free agent for the first time in his 16-year NHL career on Monday. In response, Tampa has taken a page from the Toronto Maple Leafs’ book – moving assets to give them a head start in negotiating with one of the market’s top free agents.
This is Guentzel’s second move in the last four months, after joining the Carolina Hurricanes for a king’s ransom at the Trade Deadline. To get Guentzel, the Hurricanes had to give up NHL winger Michael Bunting; prospects Vasili Ponomarev, Ville Koivunen, and Cruz Lucius; and the 2024 second-round draft pick used to select Harrison Brunicke. But Carolina certainly got what they paid for – with Guentzel transitioning seamlessly from the role of Sidney Crosby‘s sidekick to standalone star beautifully. He recorded eight goals and 25 points in 17 regular season games with the Hurricanes, bringing his season total up to 30 goals and 77 points in 67 games – a 95-point pace across 82 games. What’s more, Guentzel held true to his claim as a fantastic playoff performer, ranking third on the team with nine points in 11 postseason games.
Guentzel scored at the highest pace of his career this season, even despite the midyear change of scenery. And yet, it’s hard to call it a breakout year – with Guentzel having recorded 40 goals in both the 2019 and 2022 seasons, finishing with 76 and 84 points in the respective years. But he did prove he can maintain, and maybe even improve upon, his scoring in colors other than black and gold.
That’s incredibly encouraging for Tampa Bay, who will soon be without the 40 goals and 81 points that a 34-year-old Stamkos managed this year. It was Stamkos’ third-straight season of 80-or-more points – adding 40 goals in two of those years. He’s shown no signs of slowing down, bouncing back well from injury-marred seasons in 2020 and 2021. Stamkos will be entering unprecedented territory when he hits the open market, and while it’s hard to gauge what price, term, or role he could be looking for, there’s no doubting that his new team will be landing one of the league’s perennial goal-scorers.
Meanwhile, the Lightning should have plenty of room to find Guentzel a contract he’s happy with – after moving Mikhail Sergachev to the Utah Hockey Club and Tanner Jeannot to the Los Angeles Kings. That opened up over $11MM in cap space, bringing Tampa’s breathing room up to $16.5MM. They will have to stay mindful of their spending, though, with star defenseman and probable new captain Victor Hedman becoming eligible for an extension on Monday. He’ll play through the last year of his $7.875MM cap hit this season, and stand for a hefty raise on what will likely be the last contact of his career. Lightning general manager Julien BriseBois has made sure to mention Hedman’s next contract right alongside the Stamkos speculation – showing how much importance the team is placing on not losing multiple pillars.
Steven Stamkos To Hit Unrestricted Free Agency, Lightning To Pursue Jake Guentzel
By trading away defenseman Mikhail Sergachev and forward Tanner Jeannot earlier this afternoon, the Tampa Bay Lightning have $11.165MM more to work with this summer than they did 24 hours ago. Much of the early conjecture perceived the cap-clearing moves as the Lightning making a concerted effort to keep captain Steven Stamkos in Tampa Bay for the rest of his career.
We now know that is not the case as the Lightning never increased upon their original eight-year, $3MM AAV extension offer to Stamkos, as Renaud Lavoie of TVA Sports confirms that the star forward will reach the free agent market for the first time in his career on Monday. In a clear case of pivoting away from their captain, Sportsnet’s Elliotte Friedman believes Tampa Bay made their moves today to pursue Jake Guentzel once free agency opens up on July 1st (Article Link).
Before eventually signing his most recent eight-year, $68MM extension with the Lightning, Stamkos was poised to be the hottest name on the free agent market heading into the 2016-17 NHL season. Despite never hitting the open market, the Detroit Red Wings, Edmonton Oilers, and Toronto Maple Leafs were all interested in signing Stamkos nearly a decade ago. However, with Stamkos signing his contract on June 29th, 2016, he was prohibited from negotiating with any other team.
This time, Stamkos will earn the ability to talk to all 32 teams before finally deciding on his future. The Nashville Predators have been the most heavily linked to Stamkos so far, but the New York Rangers, Vancouver Canucks, Red Wings, and Utah Hockey Club, among others, will all have interest in signing the star player. This does not count out the Lightning organization either as they will be in contact with Stamkos and his camp in the coming days.
On the other side of the report, the Lightning join the Carolina Hurricanes, Chicago Blackhawks, and Canucks as teams that are pursuing Guentzel this summer. The 29-year-old winger is coming off a season that saw him score 30 goals and 77 points in 67 games with 25 of those points coming in 17 games with Carolina after being acquired from the Pittsburgh Penguins. In the 2024 Stanley Cup playoffs, Guentzel continued as a strong performer as he registered four goals and nine points through 11 games.
If Tampa Bay can sign Guentzel once free agency opens on July 1st, they will potentially start the 2024-25 NHL season with the best first line in the league. Brayden Point and Nikita Kucherov are in no danger of losing their spots on the team’s first line — and adding Guentzel to it will have opposing teams scrambling to match up against it.
Both players’ situations will unfold over the next 48 hours but one item remains clear. After bowing in the first round of the Stanley Cup playoffs two years in a row, the Lightning are not afraid to make tough decisions to extend their contention window.
Kings Acquire Tanner Jeannot
The Los Angeles Kings have acquired forward Tanner Jeannot from the Tampa Bay Lightning, per Chris Johnston of The Athletic (Twitter link). In return, Tampa receives Pick 118 in this year’s draft and L.A.’s second-round pick in 2025, per Tracey Myers of NHL.com (Twitter link). The move has since been confirmed by the team.
This trade quickly succeeds Mikhail Sergachev‘s move to the Utah Hockey Club. The two moves combine to free up $11.165MM in cap space, massively supporting Tampa’s pursuit of franchise centerman Steven Stamkos. It also quickly succeeds Tampa’s acquisition of Jeannot, which came ahead of the 2023 Trade Deadline, with the Lightning acquiring the winger for Callan Foote and one pick in each of the first, second, third, fourth, and fifth rounds.
Jeannot recorded 24 goals, 41 points, and 130 penalty minutes in his rookie 2021-22 season with the Nashville Predators. But he’s struggled to find that same spark since, totaling just eight goals and 18 points in 75 games with Tampa Bay between last season and this season. With the Lightning facing a cap crunch that may cost them the face of their franchise, they’ve been forced to accept defeat – winning back less than half of the assets they gave up for Jeannot.
But while the trade may illicit soul searching on Tampa’s end, it stands as a low-cost, high-upside move for the Kings. Jeannot carries a low-stakes $2.665MM cap hit – setting him up well to fill the girtty, high-energy bottom-six forward role left open by Carl Grundstrom‘s trade to the San Jose Sharks. The Kings have used Grundstrom’s grit to good effect, and could be getting a more dynamic iteration in Jeannot, who shows much more drive down the ice and confidence on the puck. Los Angeles will be searching for any boost they can receive after a middling 2023-24 campaign, though the gritty style that’s led Quinton Byfield to success could also be exactly what Jeannot needs to rediscover his groove.
Utah Hockey Club Acquires Mikhail Sergachev
The Utah Hockey Club have acquired defenseman Mikhail Sergachev from the Tampa Bay Lightning, in exchange for defenseman J.J. Moser, forward prospect Conor Geekie, and a second-round draft pick, per Pierre LeBrun of The Athletic (Twitter link).
The first blockbuster of the draft has hit, as Tampa Bay parts with a top-line defender and moves out $8.5MM in cap space. That should make their pursuit of franchise centerman Steven Stamkos a bit more manageable. Stamkos was reportedly set for the open market on July 1st, with the Lightning holding just $5.335MM in cap space. That number is now up to $16.5MM – a massive difference – after the Lightning also moved Tanner Jeannot and his $2.665MM cap hit to the Los Angeles Kings.
And while the cap space is surely what Tampa was looking for, they’ll reel in a strong return for parting with Sergachev. That includes Moser, who’s filled a strong second-pairing role for the Arizona Coyotes since his second-round selection in 2021. Still just 24, Moser has already totaled 205 career games and 72 points – including 26 points in 80 games this year. He’s a swift, confident defender on and off the puck, showing a knack for controlling traffic along his own blue line.
Tampa also receives top prospect Conor Geekie, the 11th overall pick in the 2022 NHL Draft. He’s since played through his final two seasons in the WHL, recording 99 points in just 55 games split between the Wenatchee Wild and Swift Current Broncos this season. Not to be outdone, Geekie also added nine points in nine postseason games. He’s a big-frame forward, standing at 6-foot-4 and 197 pounds. He’s improved his ability to move that weight around substantially since his draft year looking much more fluid moving with the puck on his stick this season. Geekie signed his entry-level contract following the end of Swift Current’s year, setting him up for his first pro season in 2024-25.
And in return for their pretty penny, Utah receives a true top defenseman – finally ending a search that’s taken them through Jakob Chychrun, Shayne Gostisbehere, and Sean Durzi. None of the options could fill the role, though, leading Utah to pull in the understudy to Lightning star Victor Hedman. Sergachev has served in a vital role for the Lightning since a 2017 trade for forward Jonathan Drouin. He recorded 40 points in 79 games in his rookie season with Tampa Bay, quickly claiming a large share of ice time that he hasn’t relinquished since. Sergachev recorded at least 30 points in each of his next four seasons before posting a career-high 10 goals and 64 points in the 2022-23 season. It was the breakout that fans had been waiting for – though his encore this season was cut short by a pair of long-term leg injuries. He’ll now have to carry on his performance in a new jersey, joining the NHL’s newest franchise.
Lightning Offering Eight-Year, Low-AAV Extension To Stamkos
- Following up on a statement from Steven Stamkos‘ agent earlier today that the longtime Lightning captain projects to hit the open market, LeBrun said Tampa GM Julien BriseBois is trying to make his tight cap situation work by offering Stamkos a low-AAV deal at the maximum eight-year term. He speculates they’ve offered him a deal with a $3MM cap hit, working out to a total value of $24MM. On a four-year deal, something the 34-year-old is much more likely to land on the open market, that would be twice the cost against the cap ($6MM annually). It’s something BriseBois has tried and failed to do before, with LeBrun confirming that was his strategy to attempt to keep winger Alex Killorn from departing in free agency last year. He ended up rejecting an eight-year, $20MM deal ($2.5MM cap hit) from Tampa to sign a four-year, $25MM deal ($6.25MM AAV) with the Ducks.
Steven Stamkos Expected To Reach Open Market
Tampa Bay Lightning captain Steven Stamkos is expected to reach the open market, his agent shared with Pierre LeBrun of The Athletic (Twitter link). Stamkos has been a pillar of the Tampa lineup since his first-overall selection in the 2008 NHL Draft. He’s since accomplished it all in Tampa Bay – claiming the franchise record for games played, goals, and points; succeeding Vincent Lecavalier as captain in 2013; and leading Tampa to back-to-back Stanley Cups in 2020 and 2021.
Not to be outdone, Stamkos followed the Cup wins with the first 100-point season of his career in 2022. He since shown zero signs of slowing down, recording 34 goals and 84 points last year and 40 goals and 81 points this year. Through his seasons that weren’t limited by injury, Stamkos has failed to reach 50 points just once – in 2008-09, when he scored 46 points as a rookie. He’s since been as consistent of a scorer as teams could ask for, still offering high-end goal-scoring at the age of 34.
The Lightning are in the rare position to stomach losing a consistent 80-point scorer, thanks to
Nikita Kucherov and Brayden Point‘s continued challenging of the 100-point mark. But Tampa will still need to find a way to replace the reliable upside that Stamkos brought year after year, should he move away from the club. That could be a very tough bill to meet as the Lightning boast just $5.335MM in projected cap space, with seven pending free agents on their NHL roster. That includes winger Anthony Duclair, who scored eight goals and 15 points in 17 regular season games after Tampa Bay acquired him at the Trade Deadline. Duclair had a career year in 2021-22, scoring 31 goals and 58 points, though he’s failed to reignite his scoring since. While he’s bound for a pay raise after a hot second-half to the year, Duclair could be a cheaper option with scoring upside to try and fill Stamkos’ top-six role.
Meanwhile, the question of what Stamkos’ next contract could look like is seemingly impossible to answer. He’s nearing the end of his career but still seems fit for a few more years in the league. And he’ll undeniably be among the year’s highest paid players, after concluding an eight-year contract with an annual cap hit of $8.5MM. There seems to be no price he couldn’t demand after potting 40 goals this season. At the very least, he likely isn’t set for a pay cut. And he’s a future Hall-of-Famer entering the open market, which could quickly inspire a bidding war.
Tampa Bay is at risk of losing the face of their franchise for much of the 2000s. That will be an impossible role to fill, especially with such limited cap space. Meanwhile, Stamkos will plan for a rare career-first in free agency – and surely plenty of interest from around the league.