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Retained Salary For 2018-19

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Among the ways teams can increase the value of potential trade candidates is by retaining a portion of their salary. These moves are often used on star players who may have declined slightly and are no longer deemed worthy of their big cap hits, or at the deadline in order to fit in as many contracts as possible for the playoff stretch. Any team can retain up to 50% of a player’s salary for the remainder of the contract, though a single player can only be involved in two of these transactions per contract.

Teams meanwhile are limited to three retained salary transactions on the books at any one time, and they cannot in aggregate equal more than 15% of the cap ceiling. That means, for this season a team can retain up to $11,925,000 in salary given the $79.5MM cap ceiling. Some teams have already started in on that number given the previous retained salary transactions that they are still paying off. Below is a list of all the active contracts involved in transactions like this:

Arizona Coyotes

Mike Smith – Retained $1,416,667 per season through 2018-19

Boston Bruins

Matt Beleskey – Retained $1,900,000 per season through 2019-20

Carolina Hurricanes

Marcus Kruger – Retained $308,333 per season through 2018-19

Florida Panthers

Jason Demers – Retained $562,500 per season through 2020-21

Ottawa Senators

Dion Phaneuf – Retained $1,750,000 per season through 2020-21

Toronto Maple Leafs

Phil Kessel – Retained $1,200,000 per season through 2021-22

Vancouver Canucks

Roberto Luongo – Retained $800,000 per season through 2021-22

Vegas Golden Knights

Derick Brassard – Retained $2,000,000 per season through 2018-19

While these transactions are hardly crippling the above teams, they are something to remember when the trade deadline rolls around and clubs are trying to swap contracts. Teams like Toronto and Vancouver who have retained salary for another four years might not want to get into a similar situation and lock up two of their three possible options for the future.

The other question surrounding retained salary transactions will be how they affect the upcoming CBA negotiations, after teams like Vegas have acted as a sort of middle man. Brassard was never really part of the Golden Knights, only coming there on his way from Ottawa to Pittsburgh in order to reduce his salary for the Penguins. Though Vegas received compensation, it is not how the rule was intended to be used.

Arizona Coyotes Lack Flexibility Due To Roster Limits

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One of the CBA rules that rarely gets the spotlight of media attention, yet affects NHL organizations every year is that of the Standard Player Contract (SPC) limit. Each team is only allowed to have 50 NHL contracts on the books at any one time, including two-way contracts and players on injured or long-term injured reserve. The Arizona Coyotes currently find themselves at that limit, with 50 players already signed. That’s why the recent Marian Hossa trade included Andrew Campbell and Jordan Maletta going back to the Blackhawks, despite neither really being very valuable to an NHL team. The Coyotes couldn’t take on all three of the contracts for Hossa, Vinnie Hinostroza and Jordan Oesterle without matching with the same outgoing number.

The Coyotes do have a pair of players who likely will not count towards the 50-contract limit this season, as Barrett Hayton and Pierre-Olivier Joseph are both young enough—18 or 19 years old—to be removed from the SPC list when they are sent back to junior hockey. That of course assumes that they won’t make the Coyotes out of camp, something that isn’t necessarily guaranteed but should be expected. Even with those two added slots, the Coyotes will have to be wary of their contract totals all season long. Staying right at the limit is dangerous given that you may run into injury trouble and want to sign a veteran out of free agency or promote a player on an AHL contract. It also limits what you can do in terms of signing players out of the college ranks.

Today a list of sixteen players became unrestricted free agents after failing to reach an entry-level contract with the team that drafted them. One of those players, Jared Fiegl, couldn’t have been signed because of the Coyotes current situation even if they had wanted to. While Fiegl was just a seventh-round pick and likely wouldn’t have earned an NHL contract anyway—he has since signed with the Orlando Solar Bears of the ECHL—there are always players who deserve contracts at the end of the college season, both drafted and undrafted.

In Arizona’s system for instance, there are Ty Emberson and Cameron Crotty who will both be playing in the NCAA this season. Each a third-round pick, there is always a chance of a breakout season and the desire to turn pro in early spring. If there are no contract slots available, the Coyotes won’t be able to bring them into their system on an entry-level deal right away and run the risk of them returning to school for another season. The undrafted players pose an even bigger risk, as a team without a contract slot would be at a severe disadvantage in free agent negotiations.

Though the Coyotes are currently the only team right at the limit, there are several others who are flirting with it. The Anaheim Ducks and Vegas Golden Knights are already at 48 contracts and each have a restricted free agent left to sign in Nick Ritchie and Shea Theodore respectively. The Ottawa Senators are also at 48, and two players that could potentially come off the list in Brady Tkachuk and Alex Formenton both might not be playing in junior this season. Tkachuk could potentially go to the AHL to work with the Binghamton Senators if he doesn’t make the NHL, while Formenton already has an NHL game under his belt and might jump right to Ottawa this season.

Living on the edge doesn’t cripple a team, but it does reduce their flexibility when working out trades or negotiating with free agents. Teams like the Minnesota Wild and Toronto Maple Leafs dealt with that issue at times last year, and many others could this time around. Though it rarely gets much attention it is definitely something to keep an eye on as training camp comes around next month, and injuries start to pile up.

Snapshots: Sharks, Trottier, Vitale

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Are the San Jose Sharks done for the summer? In a mailbag for The Athletic, Kevin Kurz addresses the concerns of some fans that the team has not done enough this off-season after missing out on John Tavares. Kurz states that GM Doug Wilson still has the full faith and support of ownership – as he should seeing that the Sharks have the highest average finish in the league during his tenure – and reiterates that Wilson always says that the roster isn’t complete until the trade deadline. Given that San Jose hit a home run with the Evander Kane trade this past spring and fueled their Stanley Cup run in 2016 by adding James Reimer, Nick Spaling, and Roman Polak, that mantra has been proven true. However, is waiting until March going to cut it this season? Kurz points out that between Tavares, Ilya Kovalchuk, and Max Pacioretty, it seems that the Sharks wanted to do more this summer. Pacioretty is still one of several potential trade targets prior to the beginning of the season, but it seems more likely that the Sharks will go into the season as is and let their play in the first few months of the season dictate whether a big move is necessary or not. However, a slow start or a major injury could cause Wilson to reinvigorate his search for scoring depth.

  • The New York Islanders have had a far worse summer than the Sharks and maybe any team in the league, but one of the franchise legends is still confident in the direction of the team. Hall of Famer Bryan Trottier sat down with NHL.com’s Dave McCarthy recently and spoke about the “bright future” of Mathew Barzal and the Islanders, despite the departure of John Tavares. “For him to… have the kind rookie season he had, he’s not disappointing anyone… I see wonderful things for Mathew in the future and for the Islanders”, Trottier stated. Between a legitimate rising star in Barzal and an impressive pipeline featuring the likes of Kieffer Bellows, Oliver Wahlstrom, Noah Dobson, Bode Wilde, and Robin Salo, Trottier is right that the future is bright, but the Isles will likely have to endure a few brutal years before they reach that point. Yet, Trottier also spoke to the credibility that new GM Lou Lamoriello and new coach Barry Trotz bring to the team and feels that with their leadership and the talent on the roster, the team can still succeed if others step up. This first season without Tavares will be telling as to how the team will fare in the coming years.
  •  One recently retired NHLer is getting back into the game. The Blues have hired St. Louis native Joe Vitale as their new radio analyst for next season, writes Jim Thomas of the St. Louis Post-Dispatch. Vitale announced his hiring live on the Blues’ radio affiliate, KMOX, saying:

    “This is my city… I always wanted to be a Blue. I’m so passionate about this team, since I was born from the very get-go with my dad bringing me to games as a kid.”

    Vitale played six seasons in the NHL, mostly with the Pittsburgh Penguins but wrapping up his career with the Arizona Coyotes after head injuries forced him into premature retirement. Now, he’s feeling positive about getting back into the game with his hometown team. Vitale was a high-energy player, a checking line regular and face-off specialist during his career, and will likely bring that same energy to the Blues broadcast.

 

Arizona Coyotes Sign Christian Dvorak To Six-Year Extension

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The Arizona Coyotes have made it clear that Christian Dvorak is going to be a part of their plans for a long time, signing him today to a six-year contract extension. The deal kicks in for the 2019-20 season and will carry Dvorak to unrestricted free agents in the summer of 2025. The 22-year old forward is entering the final year of his entry-level contract, and was eligible to sign an extension on July 1st. CapFriendly reports that the deal will carry a $4.45MM cap hit, meaning the total extension is worth $26.7MM. Arizona GM John Chayka included a statement:

We are very pleased to sign Christian to a long-term contract. Christian is a highly skilled, reliable, two-way center who continues to improve each season. He will be a key player for us in the future and we are thrilled to have him with us for the next seven seasons.

Dvorak was originally selected 58th overall by the Coyotes in 2014, but returned to the OHL for two more seasons to round out his game at the junior level. In those years, paired mostly with Mitch Marner (and often either Max Domi or Matthew Tkachuk) Dvorak became a dominant offense player and recorded 230 points in just 125 regular season games. He added 35 points en route to an OHL Championship and Memorial Cup in 2015-16 as team captain, before jumping straight to the NHL the following season. While some doubted that Dvorak could produce goals and points away from Marner and the other talented players on the London Knights roster, he scored 15 goals and 33 points as a rookie on a bad Arizona team and performed better admirably in the role that he was given.

Unfortunately Dvorak failed to take another step forward offensively in 2017-18, scoring just 15 goals again and recording 37 points despite increased ice time. While he took substantial strides in his defensive and faceoff work, his upside in the offense zone was capped and his powerplay production was underwhelming even with ample opportunity. No longer a rookie, there were higher expectations of the young forward that he didn’t quite reach in the eyes of many. Apparently not in those of the front office though, as the team has signed him long before it was necessary in an attempt to get him under contract before a potential breakout. There’s little chance he could have demanded a contract of this value next summer given that he would not have been arbitration eligible, though it does buy out two of his unrestricted free agent years down the road for a reasonable price. The breakdown of the deal, provided by Craig Morgan of AZ Sports, indicates that he also has an eight team no-trade clause in those UFA seasons. The full salary breakdown is as follows:

  • 2019-20: $2.95MM salary + $300K signing bonus
  • 2020-21: $3.45MM salary
  • 2021-22: $5.075MM salary
  • 2022-23: $3.45MM salary
  • 2023-24: $5.725MM salary
  • 2024-25: $5.75MM salary

Those are big numbers for a player that still has yet to really have an offensive breakout, though they could look like a bargain down the road if he does. With the salary cap expected to continue to grow (though perhaps not at the same rate), a $4.45MM cap hit might become more than reasonable for a two-way center with Dvorak’s ability. Unfortunately right now it will be compared to some of his contemporaries who have produced at a much higher rate in recent years. CapFriendly’s tool indicates that Victor Rask and Rickard Rakell are the closes matches for the deal, given they each signed six-year extensions in 2016 at the age of 23 (the same age Dvorak will be when the deal kicks in). Rask and Rakell were each coming off 20+ goal and 40+ point seasons, thresholds that Dvorak has still yet to eclipse in his short career, and both come in at substantially lower cap hits ($4.0MM and $3.8MM respectively). Rakell has thrived after being moved to the wing with 67 goals over the first two years of the deal, and while Rask has actually taken steps backwards offensively in consecutive years his point production still sat right around where Dvorak was in 2017-18.

The interesting part of a deal like this for Arizona though, is that the team normally doesn’t really have to worry about cap problems. Even after assuming dead cap hits like Dave Bolland and Marian Hossa, the team still finds itself with more than $10MM in space and one of the lowest salary totals in the league. Giving Dvorak a little bit extra in order to keep him in the desert long-term may have been necessary, and something that the team was obviously willing to do. Other teams around the league will likely feel the effects worse than Arizona when it comes to re-signing their own restricted free agents.

Jakob Chychrun Cleared To Skate

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The Arizona Coyotes are hoping to make a run for the playoffs this season after an inspiring second half and several changes this summer. The team brought in Vinnie Hinostroza, Jordan Oesterle, Alex Galchenyuk and Michael Grabner, while retaining almost all of their key players—save for Max Domi, who was sent to Montreal. In order to really push for the postseason though they’ll need to stay healthy all season, and there was some more good news on that front today. Jakob Chychrun, who underwent his second knee surgery in a year back in April, has been cleared to skate according GM John Chayka who relayed the information to Craig Morgan of AZ Sports. Chychrun is just 17 weeks out from the procedure, and is expected to be a full participant in training camp.

That’s huge news for the Coyotes but also is extremely important for Chychrun, who is heading into the final season of his entry-level contract without an injury-free season under his belt. The 20-year old defenseman has played just 68 and 50 games in his first two seasons, limited by two major knee injuries already. While he’s been impressive in his ability to recover from surgery, he needs to prove that he can stay on the ice for an entire season before the team commits to him going forward. He’s shown an ability to log top-four minutes in the NHL even as a teenager, and now must start to fulfill his extremely high potential and dominate the league.

Chychrun dropped to 16th overall during the 2016 draft, but many felt that was due to overexposure and perhaps some disinterest during his final year of junior hockey. He had long been projected as a potential top pick given his obvious talent at both ends of the rink, but saw Olli Juolevi, Mikhail Sergachev, Jake Bean and Charlie McAvoy all go off the board ahead of him on draft day. He’s played more NHL games than any of them—in fact Juolevi and Bean are still waiting to make their debuts—but hasn’t quite shown his full potential in Arizona. With Oliver Ekman-Larsson signed to a huge extension, Chychrun could provide the Coyotes with a rock solid second option on the left side for many years to come.

Photo courtesy of USA Today Sports Images

Snapshots: Doan, Karlsson, Nemeth

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The Arizona Coyotes will retire the first number in the history of their franchise when they raise Shane Doan’s #19 sweater to the rafters this season. The ceremony will take place on February 24th, fittingly against the Winnipeg Jets where Doan started his career. Doan’s Jets turned into the Coyotes after just one season in Winnipeg, and he would spend the next two decades growing the game of hockey in an extremely non-traditional market.

His influence on the Coyotes was obvious, recording 972 points in 1,540 career games and serving as captain for more than a dozen seasons, but his legacy may best be remembered by the players that come after him. Auston Matthews is already a star in the NHL, and credits Doan as one of the biggest reasons he wanted to become a hockey player in the first place.

  • Craig Custance of The Athletic tweets that there is no contract imminent between the Vegas Golden Knights and restricted free agent William Karlsson, meaning his August 4th arbitration hearing is still scheduled. Karlsson is an incredibly difficult case to handicap, after exploding for 43 goals and 78 points this season despite scoring just 15 and 45 over his first two NHL seasons. The Golden Knights have already handed out several long-term contracts to players they deem core pieces, and could still work something out with Karlsson over the next few days.
  • Adrian Dater of BSN Denver reports (subscription required) that the Colorado Avalanche will announce a settlement with Patrik Nemeth today, avoiding his arbitration hearing on Saturday. Nemeth was one of just three players left with a hearing on the books after Cody Ceci and Gemel Smith met with the arbitrator today, though was still outside the period where a salary ask was required to be submitted. After finding himself in an increased role with the Avalanche this season, Nemeth recorded 15 points in 68 games and was a key part of their penalty kill.

Arizona Coyotes Discussed Ryan O’Reilly With Buffalo Sabres

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In an almost unprecedented example of behind the scenes access, the Arizona Coyotes have released a 16-minute video that follows GM John Chayka as he prepared for the 2018 NHL Entry Draft. The feature shows clips from scouting discussions and prospect interviews, eventually concluding with the Coyotes first-round selection of Barrett Hayton with the fifth-overall pick. In one particularly interesting scene though, Chayka is in his office speaking with Buffalo Sabres GM Jason Botterill about a trade for forward Hudson Fasching, which would eventually be announced on June 14th.

Before Chayka hangs up, he mentions to Botterill some ongoing talks he had been having with the Pittsburgh Penguins, and mentions their previous discussions about Ryan O’Reilly. We can only hear Chayka’s side of the conversation, but it is quite an interesting reveal.

We’re working with Jim [Rutherford], Pittsburgh on a few things. I guess as it relates to our O’Reilly discussions, is there anything there that would entice you, that you would consider to be an important piece that you’d like as part of that deal? 

Whatever Botterill responded with wasn’t a good fit for Chayka, who responded that it would be “tough to do” while they still had things brewing with Pittsburgh. O’Reilly would end up being traded to the St. Louis Blues on July 1st just before his signing bonus was due to be paid, while the Coyotes failed to make a trade with the Penguins at all. Interestingly, there were reports that the Penguins had been interested in Max Domi, who was traded to the Montreal Canadiens just a day after the Fasching deal was completed.

While there are likely plenty of other examples of teams discussing O’Reilly before he was eventually traded, the fact that the Coyotes were interested at least in passing shows how the team is ready to start competing for the playoffs instead of stockpiling young assets. Arizona really took a step forward in the second half of last season, and should be an improved team that could jump up in the standings this season. While they didn’t acquire an excellent two-way center like O’Reilly, they did add Alex Galchenyuk, Michael Grabner and Vinnie Hinostroza to a forward group that already had solid talents like Clayton Keller and Derek Stepan.

Snapshots: Iginla, Kirk, Greco

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The Calgary Flames announced today that Jarome Iginla will officially retire from professional hockey on Monday, though he hasn’t been an active player for a full season. Iginla, 41, did attend some AHL practices this past season and was a potential candidate for the Canadian Olympic team, but failed to actually play in any games. Monday will mark the end of a more than two decade long playing career that is sure to put him into the Hall of Fame without much delay.

Iginla ended up with 1,554 career regular season games in which he scored exactly 1,300 points. He never did raise the Stanley Cup—though Flames fans will still tell you how they deserved to win in 2004—but will still go down as one of the game’s all-time power forwards. With 625 career goals he ranks 15th on the career leaderboard, tied with Olympic teammate Joe Sakic. Iginla did win two gold medals at that tournament, and was the player who sent an incredible pass to Sidney Crosby for the “Golden Goal” in Vancouver in 2010. We’ll have more on Iginla’s retirement when it becomes official on Monday.

  • Liam Kirk, the first English born and trained player to ever be drafted into the NHL, has signed on to play with the Peterborough Petes of the OHL this season. Kirk was selected 189th overall by the Arizona Coyotes in June, and will have to compete at a brand new level next season. Playing for the Sheffield Steelers last season in the EIHL, Kirk recorded just 16 points in 52 games. He’ll be asked to do more than that this season for the Petes, but will have the luxury of playing against players his own age.
  • The New York Islanders have struggled for quite some time to find above-average starting goaltending, and they’ll try a different approach this season. The team has hired Piero Greco to replace Fred Brathwaite as their goaltending coach, taking him from the Toronto Maple Leafs organization where he has worked with their minor league affiliate for the past few seasons. Greco is credited for developing Maple Leafs goaltender Garret Sparks from a seventh-round afterthought into the AHL Goaltender of the Year, and will now try to turn around the careers of Robin Lehner and Thomas Greiss. Both goaltenders have shown high-level ability in the NHL, but will find some consistency if the Islanders are to compete in the Metropolitan Division this season.

Jakub Chychrun Is Expected To Resume Skating Next Week

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While it was expected that the Canucks would make a quick decision on whether or not to turn top draft pick Quinn Hughes pro next season, it appears that the team hasn’t decided whether that’s the best move for him just yet.  In an interview with TSN 1040 (audio link), GM Jim Benning stated that he remains in conversations with Hughes’ family advisor in an effort to determine what’s best for his long-term development.  He also acknowledged the current logjam on their back end but indicated that if he was to attend training camp and play well enough to earn a roster spot that they would make a move to make room for him.  For him to attend camp, he’d have to be signed to an entry-level deal which would put an end to his NCAA eligibility although he would be able to play in the AHL.

More from the Pacific:

  • The Canucks have only one restricted free agent remaining in winger Jake Virtanen. From the same interview, Benning mentioned that the team remains in discussions with his agent Kevin Epp and classifies the talks as “going good”.  Given Virtanen’s inconsistency over the past couple of seasons, it’s likely that Vancouver will be pushing for him to sign a short-term contract.  The 21-year-old had ten goals and ten assists in 75 games last season.  He had a qualifying offer of roughly $875K but that expired back on July 15th.
  • Coyotes defenseman Jakob Chychrun is expected to resume skating next week as he continues to recover from offseason knee surgery notes Arizona Sports’ Craig Morgan. The team remains hopeful that he’ll be ready for training camp and if he does so and plays well early on next season, Morgan believes the team may look to get an early extension done rather than wait for him to his restricted free agency next summer.

Arizona Coyotes Hire Lindsay Hofford As Assistant General Manager

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The Arizona Coyotes have hired Lindsay Hofford as their new Assistant General Manager and Director of Scouting, ending his tenure as an amateur scout with the Toronto Maple Leafs. Hofford has been a well-known name in the CHL for many years in various roles, developing waves of talent that have gone on to the professional ranks. Coyotes GM John Chayka released a statement following the hiring:

I believe the most important part of my role is to recruit talented people. Lindsay is a best in class talent evaluator that will be an asset to our entire organization and complement the existing infrastructure we have in place.

As the press release explains, a huge number of NHL players have worked with Hofford in the past during his time with the London Knights and Lethbridge Hurricanes, and he should have a huge impact on the Coyotes development system going forward. The team already had a positive tilt towards OHL players in the draft, most recently exemplified by their selection of Barrett Hayton with the 2018 fifth-overall pick, and will now gain even more insight into the league.

It’s obvious that Chayka is willing to look outside the normal group of NHL front office executives for his team, and it seems necessary when building a team without the resources that some of his competitors wave about. The Coyotes have slowly built a solid prospect core that should be maturing in the next few seasons, and could be a wildcard for the playoffs as soon as this season. Hofford will be tasked with continuing to build that pipeline and supply Arizona with talented young players who they can take advantage of in the NHL before they become too expensive.

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