More issues with potential Coyotes sale?

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Reinsdorf.jpgIt seems there may be some potential problems concerning the two bids
for the Phoenix Coyotes. Well, aside from the issues we already know
about that’s held up the sale for so long.

Public-policy
litigation ‘think tank’ the Goldwater Institute may have some serious
concerns over the bids put in for the Coyotes, specifically the one by
the Jerry Reinsdorf-led Glendale Hockey, LLC bid that signed a MOU late
last week. The institute has threatened to file suit against the City of
Glendale if it feels there is an unconstitutional move by the city in
order to give incentives to a potential new owner in order to keep the
team in town. As Goldwater puts
it:

Several media reports have indicated that the
City of Glendale intends
to offer some form of taxpayer subsidy to a new owner of the Phoenix
Coyotes as an incentive to keep the hockey team in Glendale. This is a
potential violation of the Arizona Constitution’s Gift Clause.

The
institute has been in a constant struggle with the city over the
release of public records in the case, and now it seems they may have
serious issue with Glendale Hockey’s agreement with the city. Brahm
Resnik of AZCentral.com has this, from Institute attorney Carrie Ann
Sitren:

As they are written now, the Reinsdorf deal
raises serious legal questions. It
puts a huge amount of risk on the city, whereas Reinsdorf takes on
virtually none. It could be a contract without a give and take from each
side, which would be illegal. Beyond that, the city might make
substantial payments to support Reinsdorf’s ownership and still lose the
team after five years.

You can read
Reinsdorf’s MOU here,
and Ice Edge Holdings’ MOU here.

These
are just loose agreements between the city and the two bidders in order
to get the process started on leasing the arena and purchasing the team
from the NHL. In reading the two MOU’s there is certainly a disparity
in how each side will approach payments of the team purchase and it
seems that the Glendale Hockey MOU puts an incredible amount of pressure
on the City of Glendale to be able to maintain a significant amount of
revenue, else the team would up for sale once more in five years.

If
the City of Glendale does side with Glendale Hockey, and this is the
route the agreement goes without further amendments to appease the
taxpayers, then a sticky situation will get even uglier.

There
is one thing both sides agree upon: After sale of the team, the buyer
will appeal to the NHL to change the name of the team to either the
“Glendale Coyotes” or the “Arizona Cardinals” (Sigh. Should read “Coyotes”.)

Red Wings’ cap future after Tatar signing: should they buy out Ericsson?

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In a vacuum, the Detroit Red Wings handing Tomas Tatar a four-season deal that carries a per-year cap hit of $5.3 million makes a lot of sense. Tatar ranks as one of their deadliest scorers, and at age 26, the contract likely takes up the final years of his prime.*

Still, it must be mentioned that Tatar’s contract reminds us that the Red Wings may no longer stand as an obvious contender, yet they sure spend like one.

Yes, Johan Franzen‘s near-$4 million will go to LTIR, but this Cap Friendly reading still stands as a reminder that there isn’t much breathing room, especially with Andreas Athanasiou needing a contract. Detroit figures to have a little less than $1 million minus Franzen:

OK, so there are a few options. Winging it in Motown brings up an intriguing idea: what if the Red Wings buy out defenseman Jonathan Ericsson‘s contract?

They used Cap Friendly’s tool to show that a cap hit of $4.25 million would be spread out over six seasons in this setup. Each year, the actual cost would be a bit less than $1.39 million.

The bright side is that, for the next two seasons, the Red Wings would see real savings:

2017-18: save $2.61 million
2018-19: save $2.86 million
2019-20: save $2.86 million
2020-21 and 2021-22: would cost them about $1.39 million

Naturally, that would be quite the price to pay to get a player to not play for the Red Wings, yet it would also help Detroit squeeze under the cap. More on that conundrum here.

Let’s leaf through most of the Red Wings’ structure to see which deals are good, bad, and ugly.

(Note: As usual, Cap Friendly was highly helpful in putting this together.)

Dicey defense

  • Obviously, Ericsson’s health issues and struggles make him a tough guy to keep around at 33 and with a $4.25M. He’s merely the most obvious defensemen who’s an issue for this team.
  • Mike Green presents an interesting situation. He still has his use, yet at 31 and with his $6 million cap hit to expire after next season, the Red Wings must ponder his future. If they don’t want him back, could they send him somewhere else, whether that be now or in-season? Salary retention would likely need to be a consideration, especially if they wanted to move him earlier. That said, their already dicey defense would experience a painful loss if they traded Green.
  • Danny DeKeyser‘s $5 million cap hit through 2021-22 would be very difficult to move. At least he has … some proponents in the organization?
  • Niklas Kronwall‘s been a great solider for DRW, and the positive news is that his $4.75 million cap hit will evaporate after two seasons. Much like Ericsson, health is really hampering what he can do in the present, though.
  • Trevor Daley was just signed this summer. While he brings some strengths to the table, you have to wonder if the 33-year-old will slip enough that the $3.16 million could be an annoyance rather soon.

Forwards

  • Tatar ($5.3 million) becomes the second-highest-paid Red Wings forward behind Henrik Zetterberg, who makes just over $6 million. Zetterberg quietly enjoyed a strong 2016-17, and you can bet that he delivered at far higher a value than $6 million through the earlier years of his contract. Still, he’s 36 and that cap hit runs through 2020-21, the same year Tatar’s ends. Not ideal.
  • That Franzen headache expires after 2019-20.
  • Frans Nielsen is a nice player, and he had a strong debut season for Detroit. Still, he’s somehow already 33 and his $5.25 million cap hit won’t expire until after 2021-22. One would think that, if the Red Wings wanted to move him, now would be one of the better times since his value is probably still reasonably high. Of course, savvy teams will balk at that term. Maybe, like DeKeyser and some other players, the Red Wings would need to move a “problem” (Nielsen’s term) for some other team’s issue.
  • Moving on, there are bit players getting too much. Justin Abdelkader‘s term (2022-23) and $4.25M cap hit give off an albatross vibe. Darren Helm, already 30, at $3.85M per year seems shaky. Even Luke Glendening‘s reasonable but maybe unnecessary $1.8M cap hit argues that Red Wings management might be overvaluing supporting cast members.
  • Then you have young players who may cost more soon. Dylan Larkin and Anthony Mantha could see big jumps with breakthrough contract years as their ELC’s expire. Will Athanasiou be on a shrot deal, too?

Goalies

The netminder situation is pretty cloudy as well.

Jimmy Howard‘s contract is worrisome, although at least that $5.3M only runs through two more seasons. Petr Mrazek‘s a baffling situation, though maybe a team would take him from Detroit if the Red Wings retained some of that $4M? Would that even be a smart move considering Mrazek’s still-considerable potential?

***

Yikes, that entire outlook is almost entirely dismal. It’s not easy to say what the Red Wings should do next, especially if you’re not in the “blow it all up” camp.

(Note: Ken Holland doesn’t seem to be in the “blow it all up” camp.)

* – Of course, he could defy the general odds by having a longer run of prime years.

Marcus Foligno aims for 20 goals in first season with Wild

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ST. PAUL, Minn. (AP) Marcus Foligno has left the leap behind in Buffalo.

That doesn’t mean his offensive production can’t or won’t continue to rise in Minnesota.

Coming off a career-high 13 goals for the Sabres last season, the 25-year-old was acquired by the Wild to bring some needed grit and strength to the left wing position on the third or fourth line. He’s capable of putting the puck in the net, too, though he has so far been more of a sporadic scorer in the NHL.

“Definitely, 20 goals is something I envision myself to reach, and I hope to do that in a Wild jersey,” Foligno said. “Playing with some big centermen, playing on a well-rounded team, I think I can do that. I felt last year that my offensive side was getting there, and I’m looking to improve on that this season.”

Foligno was acquired with right wing Tyler Ennis and a third-round draft pick next year from the Sabres for right wing Jason Pominville and defenseman Marco Scandella, the only significant move made by the Wild this summer. General manager Chuck Fletcher said the day the deal was done he’d been pursuing the 6-foot-3, 230-pound Foligno for two years.

Foligno had his inconsistencies during five-plus seasons in Buffalo, but his 2016-17 performance was promising. He played in a career-most 80 games, with a minus-1 rating and 73 penalty minutes.

“It’s great for the confidence. I think that’s the biggest thing,” Foligno said on Friday, his first appearance in Minnesota since the swap. “You’ve got to realize that Buffalo traded you, but you’re going to a team that really, really wants you and wants you to succeed. I’m put in a great position now.”

Foligno’s family is a small hockey factory . His older brother, Nick, is a 10-year veteran of the league and captain of the Columbus Blue Jackets. His father, Mike, tallied 247 goals over 15 seasons in the NHL, including a full decade with the Sabres. His goal celebration was a two-legged leap straight up in the air from the ice, a signature move that Foligno adopted once he arrived in the league in the same city where his dad’s career took off.

The next time Foligno scores a goal, however, he’ll settle for a simpler move.

“I’ve just got to put the puck in the net and put my hands up. That’s how I’ve got to make sure I do it,” Foligno said. “If I do that 20 times, it’s a good thing.”

More AP NHL coverage: https://apnews.com/tag/NHLhockey

Flames ink first-rounder Juuso Valimaki to rookie contract

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The Calgary Flames signed Finnish defenseman Jusso Valimaki to a three-year, entry-level contract on Friday.

Valimaki, 18, was the 16th overall pick of the 2017 NHL Draft. He was selected in that spot after a nice year with the WHL’s Tri-City Americans, scoring 61 points in 60 regular-season games and then added an assist in four playoff contests. He also played for the Tri-City Americans in 2015-16, putting up 32 points in 56 games.

Apparently he’s capable of at least one nifty shootout move, too:

People are pondering how Valimaki may fit into the Flames at the end of a three-year window Johnny Gaudreau recently cited. That seems a little far-reaching, although this nugget makes you wonder if Calgary might want to drag a little extra value out of his rookie deal:

Interesting. Either way, the Flames locked up a future piece, whether he can make an NHL impact sooner or later.

Red Wings sign Tomas Tatar: four years, $21.2M

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It turns out that Tomas Tatar‘s days are numbered with the Detroit Red Wings by almost 1,500.*

After a salary arbitration hearing and concerns that he might leave after a single season, “Band-Aid” sort of deal, a wide variety of reporters state that the two sides instead agreed to a four-year deal with a $5.3 million cap hit, which would total $21.2 million.

Those figures come from MLive.com’s Ansar Khan, the Detroit News’ Ted Kulfan, FanRag’s Craig Morgan, and Sportsnet’s Elliotte Friedman. The Red Wings confirmed that it was four years, but didn’t mention the financial details in their release.

Here’s the reported yearly breakdown (cue ominous music for that lockout-protection drop in 2020-21), via Morgan:

Again, this feels like a change in viewpoint, as even just yesterday it was reasonable to wonder if Tatar would only stick around for 2017-18. Now, it is possible that Tatar might get traded at some point, but a four-year deal is a bit surprising. The forward himself speculated that a one-year deal would be it.

This contract makes Tatar, 26, the Red Wings’ second-most expensive forward from a cap perspective, trailing only Henrik Zetteberg’s $6.083 million.

Even with this deal out of the way, Red Wings GM Ken Holland still has some work to do, including re-signing speedy forward Andreas Athanasiou. And the situation is tight.

* – Four times 365 is 1,460. Get it?