Tampa Bay Lightning players, fans and front office members probably woke up with some sadness in their hearts today after the team fell just a bit short of the 2011 Stanley Cup finals. That being said, there probably weren’t many people who expected them to get this far in just the first full season for new GM Steve Yzerman and head coach Guy Boucher.
Yet there might be another reason many people around the franchise have heavy hearts this morning: the Lightning face some tough decisions going into this summer. On the bright side, Yzerman can put his stamp on this team with a ton of salary cap space. Various sources indicate that the salary cap ceiling will range from $60.5-$63.5 million, which would leave the Lightning with about $24-$27 million to work with and 9-12 roster spots to fill. On the not-so-bright side, some of the most important players from the 2011 playoff run (and 2010-11 regular season) need new contracts.
Let’s take a look at the many tough calls Yzerman and his staff face this summer.
Steven Stamkos (restricted free agent – previous cap hit: $3.725 million) – How much will the Lightning need to pay Stamkos, a 21-year-old forward who posted two 90+ point seasons, with 51 goals in 2009-10 and 45 in 10-11? If you ask me, the Lightning would have been better off signing him soon after July 1, 2010, before the league really started clamping down on “loophole” contracts with Ilya Kovalchuk. Don’t be surprised if Stamkos shoots for a Vincent Lecavalier-level $7 million+ salary cap contract, although Yzerman will probably try to point him closer to Martin St. Louis’ $5.25 million annual cap hit.
Either way, the days of getting Stamkos’ production for less than they pay Ryan Malone ($4.5 million) are over.
Dwayne Roloson and Mike Smith (unrestricted free agents – previously registered $2.5 million cap hits each) – Both of the goalies the Lightning started during the Eastern Conference finals will be unrestricted free agents on July 1. The 41-year-old Roloson won’t require a long-term deal while Smith will probably take a pay cut after failing to stick as a No. 1 goalie, so neither netminder should be super-pricey. Neither seem like iron-clad solutions in net, either, though. Will Yzerman opt to shoot for a free agent goalie such as Ilya Bryzgalov or Tomas Vokoun instead?
Simon Gagne (unrestricted – previously $5.25 million) – When healthy, Gagne is an asset, especially in the playoffs (12 points in 15 postseason games in 2011; 12 in 19 in 2010). The questions are: how healthy can the Lightning expect him to be and what kind of term is he looking for? At 31-years-old, Gagne could reasonably ask for a 5-6 year deal and get it (somewhere). I’m just not sure if Tampa Bay would be that place.
Teddy Purcell (restricted – previously $750K) and Sean Bergenheim (unrestricted – previously $700K) – Stamkos, Gagne and the goalies were predictable problems for Yzerman. How many people saw the red-hot playoff runs by Purcell (six goals, 17 points) and Bergenheim (nine goals, 11 points) coming, though? Bergenheim might make more money since he’s an unrestricted free agent and received more buzz from the hockey media (despite scoring six fewer points). Either way, their accountants probably feel more confident now than they did in April.
Eric Brewer (unrestricted – previously $4.25 million) – A lot of people thought Brewer was “done” before the St. Louis Blues traded him to the Lightning, yet he lead a shaky Tampa Bay defense in ice time with 25:42 minutes per game in the postseason. That’s about 3:30 more per game than the second leading skater, Victor Hedman. Brewer is likely to take a pay cut with his next contract, but he probably regained some bargaining power during the playoff run.
Others: Adam Hall, Marc-Andre Bergeron and Randy Jones (unrestricted); Mike Lundin and Matt Smaby (restricted).
As you can see, the Lightning need to make some tough choices this summer. They also need to factor in the summer of 2012, too, as Victor Hedman, Steve Downie, Dominic Moore and other players will see their contracts expire at that time.
Ultimately, we’ll see if Yzerman can continue the momentum from a great first season in a much tougher second summer. Tampa Bay features plenty of firepower on offense, but have questions in net and problems on defense. It should be fascinating to watch what direction this team takes as the 2010-11 season approaches. We’ll keep you informed along the way.