NHL officially investigating mega-contracts of Hossa, Savard, Pronger and Luongo

3 Comments

Thumbnail image for Thumbnail image for prongervshossa.jpgThe fallout from yesterday’s ruling in the Ilya Kovalchuk contract grievance case which nixed his monstrous contract with the New Jersey Devils is that, thanks to the collective bargaining agreement, it gave the NHL the opportunity to look into other contracts to see if, perhaps, they too could be ruled to be guilty of cap circumvention. While Vancouver GM Mike Gillis reported that the NHL is, indeed, looking into the Canucks’ deal with goalie Roberto Luongo, folks were wondering who else, if anyone else, would potentially get the NHL sniffing around at their ludicrous contracts as well.

As it turns out, a few teams are going to have to sweat things out the rest of the summer and not just because of the weather.

NHL senior vice president of public relations Gary Meagher confirmed Tuesday that the league continues to look at the front-loaded, long-term contracts of Chicago Blackhawks winger Marian Hossa, Philadelphia Flyers defenseman Chris Pronger, Vancouver Canucks goaltender Roberto Luongo and Boston Bruins center Marc Savard.

“I’m not sure ‘investigation’ is the right word,” Meagher said. “We’re looking at them.”

Arbitrator Richard Bloch upheld the NHL’s right to reject the 17-year, $102 million contract between Ilya Kovalchuk and the New Jersey Devils, and ESPN The Magazine senior writer E.J. Hradek cited a high-ranking NHL official on Monday saying the league continues to investigate the other four.

In Bloch’s ruling was a footnote stating the other four contracts “are being investigated currently with at least the possibility of a subsequent withdrawal of the registration.”

Hoo boy. And you thought the fun ended yesterday with Kovalchuk’s deal getting shot down. As it is, some teams are speaking out about and recognizing that yes, indeed, they are being investigated. Boston Bruins GM Peter Chiarelli fessed up that they’re looking a bit closer at the details of Marc Savard’s contract extension that he signed in December.

“We are cooperating fully with the League in its investigation of the Marc Savard contract extension. The League informed us upon their registration of the contract on December 1, 2009 that they would be investigating the circumstances surrounding this contract. From that point on, they commenced their investigation and it has been ongoing since then. On August 4th, I met with two League appointed lawyers as part of the investigation. We will continue to cooperate with the League in any future investigative proceedings if necessary and we will have no further comment on the matter at this time.”

What’s curious about what Chiarelli says here is the date he cited for when the NHL came calling: August 4th. Checking my calendar, yesterday was August 9th, so it’s clear the NHL had a good idea about how they thought Richard Bloch was going to rule on Kovalchuk’s contract. After all, why start sniffing around at other deals if you’re going to get shot down in arbitration.

As is typical of their organization, the Flyers are being a little less-than-helpful to the league regarding Chris Pronger’s contract and are instead arguing semantics about it as Tim Panaccio of CSN Philly shares.

On Monday, arbitrator Richard Bloch voided New Jersey’s contract with
Kovalchuk on the basis it circumvented the CBA. Furthermore, Bloch’s
ruling cited the Pronger deal – among others – as being equally
suspicious.

Suddenly, the Flyers are back on the radar because of Bloch.
 
“The
contract with Chris Pronger that we registered with the National Hockey
League is one we certainly feel was a compliant contract,” Flyers
president Peter Luukko said Tuesday afternoon.
 
“The Pronger contract is structured differently than the Kovalchuk contract. And it’s been in effect well over a year.”
 
Luukko had no further comment, nor did the NHL.

Where things get really curious in these matters is their investigation into Marian Hossa’s contract with Chicago. Of the other players mentioned that the league is looking into, Hossa is the only player out of the bunch to play any games with his team on that deal. The other players all signed extensions that have yet to kick in thus making Hossa’s story that much more dramatic, something the New York Post’s Larry Brooks was quick to jump on.

Hossa was in the lineup for 22 playoff games last spring. Presumably his presence affected the outcome of at least some Chicago victories. If the NHL is consistent and does move to prosecute the Blackhawks and Hossa, Bettman could vacate the title as if his league were the NCAA dealing with Reggie Bush and USC.

What a delightful can of worms this situation has potentially opened. While no one is sure if the NHL will pursue action against any of the teams and players involved with other questionable deals, the fact that they’re investigating is going to be a sore point and a tremendous distraction for teams, players and fans alike.

Yet again after a post season that excited new and old fans alike, the league and the players have found a way to take all discussion about the game completely off the table and turned everyone into learn-at-home lawyer on the fly just to try and have a discussion. Hockey fans talking about legal proceedings is the sort of summer discussion fodder the NHL should be trying to eliminate rather than stoke the fires of discussion about it.

Yet here we are talking about Richard Bloch’s skills as a playmaker from the law bench, Gary Bettman’s ability as an enforcer and the NHLPA getting beaten like a rented mule. Talk about a disheartening summer and the worst part still is that this is just the beginning.

Oilers cap situation is scary, and not just because of Draisaitl, McDavid

Getty
3 Comments

The Edmonton Oilers pulled the trigger – and likely made teams with big RFA headaches like the Boston Bruins grimace – in signing Leon Draisaitl to a massive eight-year, $68 million contract on Wednesday.

You have to do a little stretching to call it a good deal, although credit Puck Daddy’s Greg Wyshysnki with some reasonably stated optimism.

Either way, the per-year cap bill for Connor McDavid and Draisaitl is $21 million once McDavid’s extension kicks in starting in 2018-19; that’s the same combined cost that Jonathan Toews and Patrick Kane receive … and those two got those paydays after they won three Stanley Cups for the Chicago Blackhawks.

Now, if the Oilers struggle in the near future, plenty of people will heap blame on McDavid and/or Draisaitl. Really, though, the true scapegoats should be a management team with more strikeouts than homers.

(As usual, Cap Friendly was a key resource in studying Edmonton’s salary structure.)

Bloated supporting cast

There are some frightening contracts on the books in Edmonton, especially if a few situations work out unfavorably.

At 29, there’s severe risk of regression with Milan Lucic, even if he enjoys a more stable second season with Edmonton. He carries a $6M cap hit through 2022-23, so he’ll be on the books for all but two years of Draisaitl’s new deal.

Kris Russell costs $4.167M during a four-year stretch, and even now, he has plenty of critics. Those complaints may only get louder if, at 30, he also starts to slip from his already debatable spot.

Andrej Sekera‘s been a useful blueliner, yet there’s some concern that time won’t treat him kindly. He’s dealing with injuries heading into 2017-18, and at 31, there’s always the risk that his best days are behind him. Not great for a guy carrying a $5.5M cap hit through 2020-21.

One can’t help but wonder if Ryan Nugent-Hopkins might be an odd man out once the shackles of the salary cap really tighten. Just consider how much Edmonton is spending on a limited number of players, and you wonder if the 24-year-old will be deemed too pricey at his $6M clip.

Yeah, not ideal.

It’s not all bad

Now, let’s be fair.

RNH could easily grow into being well worth that $6M. Draisaitl may also justify his hefty price tag. McDavid honestly cut the Oilers a relative deal by taking $12.5M instead of the maximum.

The Oilers also have two quality, 24-year-old defensemen locked up to team-friendly deals: Oscar Klefbom ($4.167M through 2022-23) and Adam Larsson ($4.167M through 2020-21). They need every bargain they can get, and those two figure to fit the bill.

Crucial future negotiations

GM Peter Chiarelli’s had a questionable history of getting good deals. He’ll need to get together soon, or the Oilers will really struggle to surround their core with helpful support.

Cam Talbot is a brilliant bargain at the strangely familiar cap hit of $4.167M, but that value only lasts through 2018-19. After that, he’s eligible to become a UFA, and could be massively expensive if he produces two more strong seasons.

The bright side is that the Oilers aren’t locked into an expensive goalie, so they can look for deals. That isn’t as sunny a situation if you don’t trust management to have much success in the bargain bin.

Talbot isn’t the only upcoming expiring contract. The Oilers have serious questions to answer with Darnell Nurse and Ryan Strome. Also, will they need to let Lucic-like winger Patrick Maroon go? Even with mild relief in Mark Fayne‘s money coming off the books, the Oilers might regret this buffet when the bills start piling up next summer.

***

Look, the truth is that management is likely to be propped up by the top-end in Edmonton, particularly in the case of McDavid’s otherworldly skills. As much as that Draisaitl deal looks like an overpay – possibly a massive one – there’s a chance that he lives up to that $8.5M, too.

It’s not just about those stars, though.

The Pittsburgh Penguins gained new life by complimenting Sidney Crosby and Evgeni Malkin with the likes of Phil Kessel. The Blackhawks have struggled once they couldn’t afford as much help for Kane and Toews.

You have to mix your premium items with bargains, and one wonders if the Oilers will be able to spot sufficient value beyond the no-brainer top guys. Their recent history in that area certainly leaves a lot to be desired.

Cullen signs with Wild, opting against retirement (and Penguins)

Getty
7 Comments

Matt Cullen is going home, but that doesn’t mean that he’s retiring from hockey.

Instead, the Minnesota native decided to sign a one-year, $1 million deal with the Minnesota Wild. It’s unclear why, precisely, Cullen didn’t ink a deal to try to “threepeat” with the Pittsburgh Penguins.

The Wild note that his deal also includes $700K in potential performance bonuses.

This will be the 40-year-old’s second run with the Wild. His first run came from 2010-11 through 2012-13, where he appeared in 193 regular-season games and five postseason contests for Minnesota.

Cullen managed back-to-back 30+ point seasons with the Penguins while providing useful all-around play as a veteran center. If he can maintain a reasonably high level of play, this gives the Wild quite the solid group down the middle, even with Martin Hanzal gone.

Oilers ink Draisaitl to monster eight-year, $68 million deal

Getty
19 Comments

The Edmonton Oilers have locked up their cornerstone players for the foreseeable future.

They didn’t come cheap.

Just weeks after signing Connor McDavid to a eight-year, $100 million deal, the Oilers signed fellow forward Leon Draisaitl to an eight-year, $68 million deal. The contract carries a $8.5M average annual cap hit and, combined with McDavid’s $12.5M, will now cost the Oilers $21M annually through 2025.

McDavid certainly warranted his payday. The same can be said of Draisaitl.

The 21-year-old just wrapped his three-year, entry-level deal, and couldn’t have done so in finer fashion. Draisaitl enjoyed a terrific season, platooning between the second-line center position and the wing alongside McDavid, and finished with 29 goals and 77 points.

Then, the playoffs happened.

Draisaitl had a terrific postseason, racking up six goals and 16 points in 13 games. At the time of elimination he was sitting second among all scorers — trailing only Evgeni Malkin — and was downright brilliant in Edmonton’s seven-game loss to Anaheim, finishing with 13 points.

More to follow…

 

Report: Vegas among teams in on Pens draftee Byron

Getty
Leave a comment

Will Butcher isn’t the only college free agent garnering interest in free agency.

University of Maine senior Blaine Byron, Pittsburgh’s sixth-round pick in ’13, has passed on signing with the club and can now ink with a team of his choosing. Per The Hockey News, the four “lead suitors” for Byron are Vegas, New Jersey, Ottawa and Buffalo.

Byron, 22, is coming off a great year. He racked up 18 goals and 41 points in 36 games, finishing tied for 18th in the country in scoring. It’s unclear where he would’ve fit in the Pittsburgh organization, though, and one has to think the signing of Northeastern’s Zach Aston-Reese might’ve played a factor in his departure.

In a recent Tribune-Review piece, Byron did make a list of the club’s top-20 prospects, coming in at No. 17.

Yesterday, Butcher — the reigning Hobey Baker winner — announced that he wouldn’t sign with Colorado, the team that drafted him four years ago. Instead, Butcher will parlay a successful senior campaign at Denver University into interest on the open market.