While it’s highly doubtful that this confirms some rather random Vincent Lecavalier trade talk, Bob McKenzie reports that Calgary Flames forward Niklas Hagman cleared waivers today.
Hagman’s full annual cap hit is $3 million, although the Flames’ savings will be prorated at this point. Again, it’s hard to believe that Calgary could manage a move on the Lecavalier level, but it certainly opens the door for a more reasonable swap.
Arik James of Matchsticks & Gasoline backs up the reflexive notion that Hagman was placed on waivers for salary cap flexibility, pointing out that the move would be pointless outside of that context since the team wouldn’t be likely to improve itself with a call-up.
As of right now the Calgary Flames can afford a $4.58M cap hit at the trade deadline (all salary numbers, of course, from Capgeek). That’s certainly not awful, and could lend itself to taking on salary or picking up a solid player. But say Jay Feaster wants to make a couple moves. Say he gets plenty of offers thrown at him and decides to take more than a couple (for better or worse)–we really don’t have the cap space for that. Or maybe he wants to target a super star–first, there’s the hope that Hagman’s salary is just gone straight up: someone claims him.
Here lies the problem however: if the Flames were to send Niklas Hagman down to the Heat immediately upon clearing waivers and the potential trade or trades fell through–they’d need him back, putting him on re-entry waivers.
This leaves the Flames with the very high risk of Hagman getting picked up at $1.5M per for the rest of this season and all of the next. And that’s rough–paying for a player who is no longer on your roster in any way, shape or form in both salary and cap space.
So what will the Flames do? The solution is actually quite elegant: place Niklas Hagman on waivers now, but don’t reassign him until the cap space is absolutely needed. The reassignment period lasts for a total of 30 days or 10 games, whichever comes first, enabling Jay Feaster to wait to reassign Hagman until the capspace is absolutely necessary.
With that, we’ll just have to wait and see what kind of moves Feaster makes with that extra cap space.
Nashville’s momentous offseason continued today with the signing of forward Calle Jarnkrok to a six-year, $12 million contract.
That’s a cap hit of just $2 million, all the way through 2021-22.
Suffice to say, it’s not often that a player signs such a long deal, for such a modest cap hit. Jarnkrok notched career highs in goals (16) and assists (14) in 81 games last season for the Preds. He kills penalties, too.
At the very least, the 24-year-old has some financial security now. But for Nashville, as long as his production doesn’t fall off a cliff, he could end up being a great bargain.
Jarnkrok had an arbitration hearing scheduled for Aug. 4.
Related: Preds avoid arbitration with Petter Granberg — two years, $1.225 million
The Detroit Red Wings didn’t need Petr Mrazek‘s arbitration hearing either.
The day after the Wings avoided the process by locking up defenseman Danny DeKeyser, they agreed on a two-year deal with Mrazek, with a reported cap hit of $4 million.
Mrazek, 24, went 27-16-6 last season with a .921 save percentage. Those numbers compared favorably to Jimmy Howard‘s (14-14-5, .906); however, GM Ken Holland has argued that keeping Howard could be best for Mrazek’s development.
“It could possibly be detrimental if we put Petr in a situation where we’re just going to throw him out and play 70 games and no matter how you play, we’re going to keep putting you out,” said Holland.
Granted, it may be that Howard is simply untradeable. He’s 32 years old, hasn’t put up solid numbers the past three seasons, and has three years remaining on his contract with a cap hit of just under $5.3 million.
If Howard remains, the Wings will have just under $9.3 million in cap space allocated to their goaltenders next season, one of the highest totals in the league.
Mrazek, by the way, will still be a restricted free agent when his new contract expires in the summer of 2018.
With new majority owners and now talk of a new arena, the future of the New York Islanders has been a popular topic lately.
Not surprisingly, it’s led to plenty of discussion about the future of captain John Tavares, who can become an unrestricted free agent in the summer of 2018.
Ownership has insisted that it won’t get that far, that Tavares will be re-signed. The Isles will have “no financial constraints,” owner Jon Ledecky promised.
But what about Tavares? What does he think?
“I think I’ve always showed my commitment, my appreciation and my desire to play on Long Island,” the 25-year-old told Sportsnet 590 radio on Tuesday, per NHL.com. “I would love for that to continue for the long haul. I think you look at some of the greatest players in the game have been able to spend their entire career somewhere. I hope I’m in that same position.”
As for the speculation he could sign in Toronto?
“I would not count on that,” he said.
So start the countdown to July 1, 2017. That’s when Tavares can officially start negotiating an extension with the Isles.
Perhaps by then we’ll even know where the team will be playing its future games. Will it be Brooklyn or somewhere else?
Only 18 NHLers have scored more goals than Mike Hoffman has over the last two seasons.
Today, the Ottawa Senators signed the 26-year-old sniper to a four-year contract with a reported cap hit of $5.1875 million.
Hoffman had an arbitration hearing scheduled for Aug. 4. The breakdown of his new deal, according to Sportsnet’s Elliotte Friedman:
His contract done, Hoffman can now focus fully on next season, which he’s excited about.
“New coach coming in, Guy Boucher, I had him in junior when I played in Drummondville of the Quebec League,” Hoffman said recently. “Very good relationship with him, we won a championship together. So definitely looking forward to working with him this year.”
As for Sens GM Pierre Dorion, he’s still got some offseason work to do. Defenseman Cody Cedi is a restricted free agent, and there’s no arbitration date to encourage a settlement in his case. While Dorion is confident that something that will get done with the 22-year-old, what remains to be seen is if it’s a short- or long-term deal.