Following yesterday’s trade of forward Ross Colton, the Tampa Bay Lightning have again turned their attention towards securing a contract extension for pending unrestricted free agent winger Alex Killorn, Pierre LeBrun of TSN and The Athletic said last night. Things will likely go down to the wire, but this will be one of the tougher negotiations in recent Lightning history. Killorn has reportedly turned down a longer-term extension offer at a low average annual value.
Lightning Rumors
Colorado Avalanche Acquire Ross Colton
The Colorado Avalanche are making another significant addition to their forward group. Elliotte Friedman of Sportsnet reports that Ross Colton will be moved from the Tampa Bay Lightning to the Avalanche. The Lightning will receive the 37th overall pick in the draft in return.
Colton, 26, is a pending RFA that will be eligible for arbitration and is just one year away from potential unrestricted free agency. The fourth-round pick from 2016 is another shining success story from the Tampa Bay development pipeline, arriving late but making an immediate impact at the NHL level.
In his rookie season, Colton scored nine goals in 30 regular season games before a playoff performance to remember. He was a downright nuisance in the 2021 postseason and eventually scored the Stanley Cup-winning goal. In 2021-22, his first full season in the NHL, Colton scored 22 goals and once again was a significant contributor in the playoffs, scoring five goals (including two game-winners) during the Lightning’s run to the Finals.
While his offensive performance took a slight step back this season, Colton still provided 16 goals and 32 points in 81 games, adding 188 hits and 50 penalty minutes. A versatile, in-your-face player that can fit on a powerplay or the fourth line, he’ll help replace some of the depth the Avalanche have lost over the last few season.
The fact that Colton has some experience at center (but is not always lined up in the middle) could suggest that J.T. Compher will be headed elsewhere in free agency. After the acquisition of Ryan Johansen, Colton fits the bottom six much better than Alex Newhook, which Colorado moved to the Montreal Canadiens recently.
For Tampa Bay, there is only so much money to go around, and Colton is the latest cap casualty. His arbitration number was likely going to be too high for them to accommodate, meaning general manager Julien BriseBois will have to find another way to replace his presence in the lineup. Tanner Jeannot, acquired from the Nashville Predators for a huge haul of assets this year, may be part of that solution, given he plays a similar mix of physical hockey with offensive upside.
Jeannot is also an arbitration-eligible RFA, but coming off a much worse offensive season that will keep his number lower.
Still, the depth that was so critical to Tampa Bay’s back-to-back Stanley Cup championships is starting to be chipped away, with key pieces moving out every year. Alex Killorn, who has spent his entire career with the Lightning, is set to be an unrestricted free agent this summer after an impressive 27-goal campaign.
With that in mind, getting a relatively high pick back is an interesting result. The Lightning could use the selection to add to their prospect pool or potentially turn it around and try to acquire another inexpensive player to help keep the window open. BriseBois and company have never been shy about trading draft selections.
Getting Colton without giving up one of their two first-round picks is an impressive play by Colorado and means they could still be involved in other trades ahead of tonight’s event.
Photo courtesy of USA Today Sports Images
Syracuse Crunch Hire Joel Bouchard
The Tampa Bay Lightning have found their new AHL bench boss, hiring Joel Bouchard to be the next head coach of the Syracuse Crunch. The team has also brought in Daniel Jacob as assistant coach.
General manager Julien BriseBois released the following statement:
The head coach position for our AHL affiliate is one of paramount importance with regards to our player development program. Joel brings a contagious enthusiasm to everything he undertakes. He is a strong leader with a proven track record in helping players and teams reach their full potential.
With him overseeing the pipeline of future Lightning players on a day-to-day basis, we expect Joel to be an important contributor to the overall mission of the Tampa Bay Lightning for years to come.
Bouchard replaces the outgoing Benoit Groulx, though his time with the organization does not appear to be up. The announcement explains that Groulx will be offered another coaching position within the Lightning, though there are no further details. Former assistants Gilles Bouchard and Eric Veilleux will not return.
The Tampa Bay development model is one to emulate, with huge emphasis put on their minor league programs. The Crunch have been one of the most consistent teams in the AHL for years now, churning out NHL-ready talents like Yanni Gourde (undrafted), Carter Verhaeghe (3rd round), Mathieu Joseph (4th round), Anthony Cirelli (3rd round), Ross Colton (4th round), and many others during Groulx’s tenure.
Bouchard will now be tasked with continuing that development and continuing to grow talent to backfill the Tampa Bay roster.
Tampa Bay Lightning Re-Sign Gabriel Fortier
The Tampa Bay Lightning have re-signed prospect Gabriel Fortier to a one-year, two-way contract, as announced by the team. Financial terms were not disclosed.
Fortier was a bit of an outside candidate to make the team out of camp last season but ended up losing out on a more permanent roster spot to Cole Koepke. He did get into one game, an October 15 showdown against the Pittsburgh Penguins, bringing his NHL total to 11.
Tampa selected the 23-year-old with the 59th overall pick of the 2018 NHL Draft. His offense hasn’t come alive in the minors with the AHL’s Syracuse Crunch as much as the organization would have liked, though, recording 64 points in 139 games there over the past two seasons.
The 5-foot-10 forward is now entering his fifth campaign with the Lightning organization, signing his entry-level deal in 2019 before heading back to juniors for two seasons with the QMJHL’s Baie-Comeau Drakkar and Moncton Wildcats. He does have one NHL goal under his belt, which came during a 10-game stint with the Lightning in 2021-22.
A Hlinka Gretzky Cup champion with Canada in 2017, Fortier likely finds himself back in Syracuse this season with players like Koepke and Alex Barre-Boulet ahead of him on the depth chart. He’ll be a restricted free agent again in 2024.
East Notes: Sharangovich, Red Wings, Brodie
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
- 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
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
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
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.
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
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.