Following last week’s signing of Pius Suter, the Canucks find themselves even further above the $83.5MM cap ceiling with more than $88MM in commitments per CapFriendly and with a surplus of forwards. Thomas Drance of The Athletic examines (subscription link) how Vancouver can get cap-compliant even with Tanner Pearson’s potential return from LTIR. It would require carrying a 22-man roster instead of the maximum of 23 and would require at least three players to go on waivers, one of which needs to make at least $1.15MM. That would give them less than $150K in wiggle room, however, so it wouldn’t be surprising if GM Patrik Allvin looks to make a move or two to try to give themselves at least a bit of flexibility.
Canucks Rumors
Unlikely That Poolman Will Be Available For Training Camp
- While it looks like the Canucks will have Tanner Pearson available for training camp, the same can’t be said for defenseman Tucker Poolman. CHEK’s Rick Dhaliwal reported in a recent appearance on Sekeres and Price (Twitter link) that Poolman isn’t cleared to return yet as he continues to deal with concussion symptoms. The blueliner doesn’t want to retire and has sought out several medical opinions but after playing in just three games last season and the fact the symptoms continue, it’s hard to see him coming back in the near future. As a result, Poolman and his $2.5MM AAV will remain LTIR-eligible in October when Vancouver has to submit their cap-compliant roster.
Former Vancouver Canuck Josh Teves Signs In Italy
Italian club HC Bolzano of the Austrian ICEHL has signed former Vancouver Canucks defenseman Josh Teves to a one-year contract, according to a team press release. The move fills out Bolzano’s roster for the 2023-24 campaign, which also includes former Montreal Canadien and Phoenix Coyote Lucas Lessio.
This is Teves’ third European team in the last two seasons after he failed to secure an NHL or AHL contract in the 2022 off-season. After signing with Liiga club JYP, he struggled in a top-four role to start the year and slowly slid down the depth chart, totaling ten points in 48 games and a -16 rating. With just weeks left in the season, JYP and Teves mutually terminated their contract, and he immediately signed with Swiss club SC Bern, where he had two points and a +3 rating in 13 combined regular-season and playoff games to close out 2022-23.
Without much to prove he can be a serviceable top-four defender at the top flight of European pro hockey, he drops down to a slightly less competitive league in the ICEHL. While still a solid European network that sends teams to the Champions Hockey League, it’s not a league that routinely produces NHL draftees or even free agents.
It’s been a tough few seasons for Teves after signing with the Canucks as an undrafted free agent out of Princeton University in 2019 when he looked like a rather promising depth add. He made his NHL debut with Vancouver to end that season, although it would end up being the only appearance of his career to date (and, likely, ever). Unfortunately, injuries limited his playing time the following season, and his development never recovered. He would score just one goal and six points in 52 games with the AHL’s Utica Comets while a member of the Canucks organization over the next two years and Vancouver didn’t issue him a qualifying offer when his entry-level contract expired in 2021. He then signed an AHL deal with the Rochester Americans for 2021-22, the Buffalo Sabres’ affiliate, although he failed to capture much attention despite playing a full 72-game season. There, he recorded a career-high six goals, 15 assists, 21 points, and a -8 rating.
In Bolzano, the 28-year-old Teves will look to prove that he can still shoulder heavy minutes at the pro level and hope to rebuild some career stock, even if just to return to a higher-level European pro league next season.
Vancouver Canucks Sign Pius Suter
The Vancouver Canucks have signed free agent center Pius Suter to a two-year contract worth $3.2MM, according to the team. The deal carries a $1.6MM cap hit and keeps him in Vancouver through 2025.
Suter heads to his third NHL organization in four seasons after coming over from Switzerland for the COVID-shortened 2021 campaign. 2022-23 was his second year with the Detroit Red Wings after signing a two-year, $6.5MM contract with them in the summer of 2021, but he saw his production take a step back from the previous two NHL seasons he’d played to date. The 27-year-old center had 14 goals, ten assists and 24 points in 79 games for Detroit, setting career-lows in assists and points in the process. Part of that was likely due to a decrease in ice time, as he played just over 14 minutes per game after averaging north of 16 minutes over the previous two years.
With Detroit signing J.T. Compher to fortify their center depth when free agency opened on July 1, there simply wasn’t a place for Suter in the organization anymore, and they opted not to re-sign him. That being said, Suter is a fine third-line center – a position Vancouver’s struggled to get quality out of for the past few years. $1.6MM is a solid cap hit for what he brings to the table, even if he is coming off a down season. Suter’s agent, Georges Mueller, told CHEK TV’s Rick Dhaliwal that they’ve been in discussion with the Canucks since the beginning of free agency, and it’s likely he sees significant time on their penalty kill. He excelled there in Detroit, posting strong relative Corsi numbers in each of his two seasons there. Dhaliwal also reports Vancouver was the only NHL team to offer Suter more than one year on a new deal.
This was Suter’s second stint on the UFA market after the Chicago Blackhawks surprisingly opted not to qualify him after a strong rookie season. He’ll be a UFA again in two seasons at age 29.
Suter is widely believed to start the season at center behind Elias Pettersson and J.T. Miller in a third-line role. Out of CapFriendly’s lineup projection for Vancouver’s bottom six, Suter’s 0.3 points per game last season trailed only Conor Garland.
The signing does exacerbate Vancouver’s salary cap bind, however. While CapFriendly projects the Canucks with just over $750K in cap space after the signing, that’s not entirely accurate. Forward Tanner Pearson is listed as a candidate for long-term injured reserve, but GM Patrik Allvin said earlier this summer that Pearson is likely to be fully healed from his hand injury by the end of the summer and is expected to join the team at camp. Losing out on his $3.25MM of LTIR relief means Vancouver is now close to $2.5MM over the Upper Limit, although Dhaliwal says he believes the Canucks can be compliant without making a trade from their roster, although he doesn’t rule out the possibility.
Latest On Elias Pettersson
After the Vancouver Canucks wrapped up a busy offseason of UFA signings mostly focused on fortifying their defense, everyone is now watching Elias Pettersson’s contract situation as the 2023-24 season approaches. The star center is heading into the final year of his three-year bridge contract, carrying a $7.35MM million cap hit, signed in 2021. While the Canucks will still retain his rights next summer as a restricted free agent if an extension isn’t reached soon, Pettersson’s potential eligibility for unrestricted free agency in 2025 if he only signs a one-year extension has given him tremendous leverage in upcoming negotiations. His agent, J.P. Barry, said early last month he doesn’t anticipate beginning those extension talks with Vancouver until the end of this summer.
Today, The Athletic’s Harman Dayal polled a number of NHL agents on what potential scenarios could arise in Pettersson extension talks. Obviously, the biggest question facing Pettersson’s camp is whether he should sign an extension immediately this summer or take a wait-and-see approach into the season. Waiting would offer him more clarity on the Canucks’ future and potentially enhance his earning power if he continues his upward climb. If the team can finally perform well after a long stretch of mediocrity, Pettersson may feel more comfortable committing long-term.
One anonymous agent suggested a wait-and-see approach could be sensible but said not to discount the mental challenges that a contract year can place on a player and, in turn, affect their performance. If Pettersson and his camp feel the outside noise of extension talks during the season would be too much of a distraction, signing now would almost definitely be a better choice to avoid lowering his value after a 102-point year last season. It’s likely something Pettersson will heavily consider after going through the contract-related pressure Pettersson faced in the final year of his entry-level contract in 2020-21, Dayal says.
Another factor affecting the timing of negotiations is whether Pettersson’s camp wants to wait for Auston Matthews’ extension, as it could introduce a new comparable, another agent said. Pettersson’s value may have been tampered slightly by a recent comparable – Carolina Hurricanes center Sebastian Aho, who signed an eight-year extension last month carrying a $9.75MM cap hit. If Matthews’ extension in Toronto comes in north of $12MM, it could strengthen Pettersson’s case for an eight-figure cap hit on a long-term deal.
While eight-year deals are the norm for players with high cap hits, an agent Dayal spoke to said shorter contracts have become more attractive due to the expected rise in the salary cap. Signing a shorter contract could allow Pettersson to capitalize on a higher salary cap when he re-enters the market in his late 20s.
Of note, former Vancouver Canucks assistant general manager Chris Gear predicted a cap hit between $9.5MM and $10.25MM on Pettersson’s next deal last month.
Sven Baertschi Announces Retirement
August 3: Baertschi has confirmed his retirement in a statement from SC Bern, citing health concerns. “Like most players, I’ve had a number of injuries that are now taking their toll,” Baertschi said. “After months of training, I realized that my body can no longer perform as well as I need it to. And playing with less than 100 percent, I can’t accept that.”
August 2: Left winger Sven Baertschi left the NHL for Europe last offseason, and after just one year overseas, Swiss outlet Blick reports that Baertschi is retiring with two seasons left on his contract with NL club SC Bern. The Swiss forward is stepping away from the game at 30 years old after accumulating 138 points in 292 games with the Calgary Flames, Vancouver Canucks and Vegas Golden Knights between 2012 and 2022.
The first three and a half seasons of his career were spent in Calgary, who selected him with the 13th overall pick in the 2011 NHL Entry Draft after he put up 85 points in 66 games with the WHL’s Portland Winter Hawks. However, concussion issues quickly derailed a promising career after a trade to the Vancouver Canucks in 2015. He would never eclipse the 70-game mark in a single season with the club and never played more than 53 after his first reported concussion in 2016-17.
While he never found his footing in Calgary, he did post some solid numbers in a middle-six role for the Canucks before injuries stunted his play. His career-best campaign came in that 2016-17 season when he recorded 18 goals, 17 assists and 35 points in 68 games while averaging nearly 16 minutes per game.
After four injury-riddled seasons with the Canucks, Baertschi continued to slip down the depth chart and spent most of the 2019-20 and 2020-21 campaigns in the minors on assignment with the AHL’s Utica Comets. It looked like he had gotten his mojo back in that first campaign with Utica, recording 46 points in just 43 games, but he didn’t make the Canucks out of camp in 2020-21, and his production quickly trailed off.
He signed with the Vegas Golden Knights as a free agent the following offseason, where he again provided solid but unimpressive production for their minor-league affiliate, the Henderson Silver Knights. He did get into one game with Vegas in November 2021, skating 13:54 in a 5-2 win against the Detroit Red Wings. That will be his final NHL game. Playing in his home city of Bern last season, he produced well below expectations with just four goals in 36 games.
PHR extends its best wishes to Baertschi in retirement, especially in regards to his long-term health.
Ilya Mikheyev To Be Ready For Start Of Season
Rick Dhaliwal of The Athletic reported earlier today that forward Ilya Mikheyev has begun skating for the first time since late January, and that Mikheyev’s agent fully expects him to be ready to start the 2023-24 campaign. Mikheyev had undergone knee surgery from an injury sustained in last year’s preseason, and the Vancouver Canucks January 27th game against the Columbus Blue Jackets was scheduled to be Mikheyev’s last of the season.
The reason that Mikheyev’s expected return is so significant, is that Vancouver is beginning to have a roster issue. As of now, according to CapFriendly, the Canucks currently have 13 forwards on their current roster, with NHL-ready talents such as Aidan McDonough and Vasily Podkolzin rostered in the minor leagues. With Mikheyev’s imminent return to the team, Vancouver would now have 16 forwards capable of receiving minutes in the professional league.
Not only is Mikheyev expected to return, but there is also the strong possibility of forward Tanner Pearson returning by the start of training camp. In July, the General Manager of the Canucks, Patrik Allvin, spoke on Pearson’s status saying, “The indication I got from his agent and from our medical staff is that the hand is healed, and Tanner is working really hard to to be the in his best shape and participate in training camp“.
Vancouver will have a bit of flexibility when it comes to filling out their forward core, as players such as Nils Aman, Phillip Di Giuseppe, and Sheldon Dries all have two-way contracts, meaning they can be sent to the AHL without hitting the waiver wire. The more unfortunate news for the Canucks, is the unenviable situation of their salary cap. If Pearson does indeed come off LTIR, Vancouver will still be $1.77MM over the cap with only Tucker Poolman left on LTIR.
If Pearson is not ready to go by the start of the season, the Canucks will be able to keep him on LTIR and have no issue staying cap compliant throughout the season. Nevertheless, with so many NHL quality forwards in their system, it would seem prudent for Vancouver to thin out their forward core in some fashion, and address another area of need for the team.
Aho's Extension Could Push Pettersson's Extension Higher
One player that was likely intrigued by the eight-year, $78MM extension that Sebastian Aho signed yesterday was Canucks center Elias Pettersson. Postmedia’s Ben Kuzma suggests that Aho’s deal should only bolster Pettersson’s asking price when discussions about a new deal get underway. Pettersson had a much better platform season, picking up 39 goals and 63 assists while Aho had 36 tallies and 31 helpers. Pettersson is also averaging just shy of a point per game for his career while Aho checks in at 0.9. However, Aho has nearly 200 more NHL appearances under his belt and all eight years of his contract are UFA seasons while Pettersson will have one RFA-eligible year on his next deal. Despite that, it wouldn’t be surprising to see Pettersson’s camp aiming higher than Aho’s contract when he and the team sit down to discuss a potential extension.
Speculative Price Range For Elias Pettersson's Next Contract
Canucks center Elias Pettersson is now eligible for a contract extension since he has entered the final season of his three-year, $22.05MM deal, one that carries a qualifying offer next summer of $8.82MM. Speaking with Postmedia’s Ben Kuzma, former Vancouver assistant GM Chris Gear (who used to handle negotiations for Vancouver) pegged a rough range of a new deal for Pettersson between $9.5MM and $10.25MM. The 24-year-old hit career highs across the board last season with 39 goals, 63 assists, and 102 points, finishing tenth in league scoring so his value is certainly at its peak. Speculatively, if that’s the approximate range that a contract for Pettersson would be at this point, Vancouver might need to go close to the top mark to get him to put pen to paper on it a year early as another 100-point showing next season could push that price tag even higher.
Toronto Maple Leafs Hire Derek Clancey
The Toronto Maple Leafs have filled out their front office, hiring former Vancouver Canucks executive Derek Clancey as assistant general manager with a player personnel specialty today, according to a team release.
Vancouver announced Clancey’s departure just minutes before Toronto picked him up. In Toronto, the 54-year-old executive reunites with general manager Brad Treliving, with whom he served as a pro scout in 2021-22 while both were members of the Calgary Flames.
Toronto is now Clancey’s third team in as many seasons, but don’t take that as a poor reflection on his career resume. Joining the NHL ranks in 2007, he was a part of the Pittsburgh Penguins front office for all four of their Stanley Cup Final appearances in 2008, 2019, 2015, and 2016, first as a pro scout before transitioning to their director of professional scouting.
Clancey is the third major addition/replacement in Toronto’s front office this season, joining Treliving and special assistant to the GM Shane Doan as the new faces among Maple Leafs’ executives. His focus with Toronto will undoubtedly be on pro talent evaluation, and his input will be highly sought after when discussing potential trades, waiver claims, or free agent signings.
Canucks general manager Jim Rutherford later released a statement, confirming Vancouver would not pursue a replacement for Clancey and will collectively replace his role among the other assistant general managers.