Report: New Jersey Devils file for arbitration with Zach Parise

The New Jersey Devils exercised their arbitration rights by filing with restricted free-agent Zach Parise this afternoon. The move isn’t surprising as the Devils and Parise have been unable to come to an agreement after continued negotiations.

To break it down, here’s what today’s news means. The Devils and Parise will have their case heard by an arbiter. After hearing both sides, the independent third-party will decide the appropriate salary for a one-year deal. At the end of the one-year contract, Parise will become an unrestricted free agent and will hit the open market. Of course, all of this can be avoided if the two sides can mutually decide on an appropriate contract before the hearing (or extension during next season). It’s important to note: even though the Devils have decided to file for arbitration, the two sides can continue to negotiate up until the hearing.

Devils general manager Lou Lamoriello has repeatedly expressed his desire to sign the talented left wing to a long-term extension. Unfortunately, reaching an agreement on terms has been difficult to say the least. Even with the decision to go to arbitration, the Devils are still looking for a long-term deal. From Lamoriello:

“”He knows that. Everything has been amicable as far as the talks. We will continue to work toward a long-term agreement.”

If there were ever a time to take Parise to arbitration, this would be it. In October, Parise tore his meniscus which caused him to miss 69 games this season. After a determined rehab, he was able to return for one last game at the end of the season against the Montreal Canadiens. Even though it was just a single game, he proved that he was able to return from an injury that was supposed to end his season. He finished the season with three goals and three assists in a total of 13 games.

The six points were a far cry from 38 goal, 82 point performance of the 2009-10 season.

Up until this injury, Parise had been relatively healthy for his entire NHL career. Surely that will be one of his talking points when facing arbitration this summer. He’ll talk about how he’s scored 30+ four times in his six year career. He’ll talk about how he had 83 goals and 176 points over a two-year span starting in 2008. He’ll talk about how he was an important player on the 2010 US Olympic team—a team solely made of stars. He’ll talk about how he should be entering his prime and despite his knee injury, deserves to be played like a star entering his prime. Would that be a raise from his current $5 million per season salary?

The salary cap hit may be the biggest part of the negotiations. It’s no secret the Devils were pressed firmly up against the cap last season when Ilya Kovalchuk’s contract was introduced to the organization. For at least one more season, they Devils will have to be careful (and creative) with their cash. If they can figure out a way to get through next season WITH Parise, things will get easier following the 2011-12 season. Why? That’s when the Devils see Brian Rolston, Colin White, and Bryce Salvador’s contracts come off the books. With almost $11 million made available, there would be much more room for Parise and his contract. But before we get to next season, the two sides have to agree on a salary for this season.

This is only the first predictable step for the New Jersey Devils and their young sniper. As the negotiations continue between the two-sides, we’ll keep you updated with any relevant breaking news.

Penguins GM confident they can find third-line center with Bonino gone

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August is nearing, and the Pittsburgh Penguins haven’t made a trade or signing to replace Nick Bonino, their outstanding (but former) third-line center.

On the bright side, the Penguins have remarkable breathing room considering their status as repeat Stanley Cup champions. Cap Friendly places their 2017-18 room at about $10.38 million.

That robust space likely explains why GM Jim Rutherford seemed fairly calm about the whole situation, as Jason Mackey of the Pittsburgh Post-Gazette reports.

“I do feel confident that, by the start of the season, we’re going to have a third-line center that we’re comfortable with,” Rutherford said. “Whether it’s one of those guys on the list or one of the guys that I could go and get right today.”

Rutherford (jokingly?) said that he had a list of “hundreds of names” as options, although it’s difficult to top Mackey’s suggestion of Phil Kessel‘s buddy, Tyler Bozak. After all, Bozak is a competent player who carries a $4.2 million cap hit that Pittsburgh could comfortably absorb (and the Toronto Maple Leafs might need to shed). It doesn’t hurt that Bozak’s contract expires after 2017-18, so the Penguins wouldn’t be on the hook if things don’t work out.

Of course, Matt Duchene is another name worth considering. It almost feels a little strange to ponder that speedy Avalanche forward being a “third-line center,” especially if Pittsburgh would want to get the most out of him.

MORE: Duchene might begin next season with the Colorado Avalanche

After that, though … the pickings could be much slimmer than Rutherford indicated to Mackey.

Shallow pool

Take a look at this current list of forwards who are unrestricted free agents.

There are some potential bargains here (P.A. Parenteau, Jiri Hudler, anyone?), but the situation gets significantly shakier if you’re picky enough to look only at centers. The likes of Daniel Winnik and Ryan White are reasonable roster additions, but the drop-off from Bonino could be pretty drastic.

What about other trade possibilities?

That’s a shaky group, too, especially if you apply Bozak-like terms as far as guys who only have one year left on their current contracts.

Honestly, the Penguins’ best bet in looking at that list would probably come down to an in-season move with a team that realizes it’s not a contender or simply understands that a player won’t be back.

Maybe the Calgary Flames would want to cut bait on Matt Stajan or (less realistically) Mikael Backlund? Would the Ducks move speedy, versatile sometimes-center Andrew Cogliano? There are other remote possibilities, such as the Leafs instead trading Leo Komarov (or especially unlikely moves in Paul Stastny or Tomas Plekanec).

Even if the above list seems enticing, how many of those teams would really want to move those players now, especially the bigger difference-makers?

If you’re the Penguins, you’re probably hoping that a Bozak deal could take place. And maybe you’re sweating this situation more than you let on.

(Note: There’s also the slight possibility that the Penguins might identify a replacement from within, though a contending team like Pittsburgh might not be so comfortable with that approach.)

Blues have ‘wiggle room’ after locking up Parayko

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The St. Louis Blues didn’t break the bank to keep Colton Parayko for five more years, and that’s important since they don’t believe the NHL’s salary cap will rise significantly in the next little while.

Parayko’s cap hit came in at a manageable $5.5 million, as the two sides narrowly avoided an arbitration hearing that was scheduled for today.

“You like to have as much wiggle room as possible,” GM Doug Armstrong said, per the St. Louis Post-Dispatch. “Now we view the cap will stay flat for the foreseeable future. We’re content with the space we have. We’ll move forward and get ready for training camp.”

The Blues now have a number of key players locked up long term, including Parayko, Alex Pietrangelo, Vladimir Tarasenko, Alex Steen, Jaden Schwartz, Patrik Berglund, and Jake Allen.

For Armstrong, the next big decision could involve Paul Stastny, the 31-year-old center who can become an unrestricted free agent next summer.

But a decision on Stastny doesn’t need to be made now, or even before the season starts. It’s the trade deadline that could be the real pressure point, akin to the Kevin Shattenkirk situation this past year.

Per CapFriendly, the Blues have just over $3 million in cap space, with one roster spot left to fill.

‘Highly unlikely’ Suns will pursue shared arena with Coyotes

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The Arizona Coyotes appear to be on their own in pursuit of a new arena in the Phoenix area.

That’s because Robert Sarver, the owner of the NBA’s Phoenix Suns, says it’s “highly unlikely” he’ll pursue a shared arena with the Coyotes.

Instead, Sarver is focused on upgrading the Suns’ current home (and Coyotes’ old home) in downtown Phoenix, Talking Stick Resort Arena.

From the Arizona Republic:

Sarver said building a new arena would have “maybe made more sense” four or five years ago when the cost estimate was $450 million to $500 million. The costs now, Sarver said, are “significantly higher.” Thus his focus on upgrading Talking Stick, which soon will be the second-oldest arena in the NBA.

“I think it’s the most economically viable alternative for the city and us,” he said. “I like downtown Phoenix. That’s my first preference. I think the NBA is more of an urban game. That’s our demographic.”

Talking Stick Resort Arena, formerly called America West Arena when the Coyotes played there, was designed for basketball and isn’t ideal for hockey. In that way, it’s a lot like Barclays Center in Brooklyn, which hasn’t been a great fit for the Islanders.

The Coyotes recently hired a new president and CEO, Steve Patterson, whose top priority is finding the team a new home in the Phoenix area.

Crosby to celebrate 30th birthday with Stanley Cup in Nova Scotia

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HALIFAX, Nova Scotia (AP) Sidney Crosby will mark his 30th birthday by once again parading the Stanley Cup in his province.

In tweets sent out by the Sidney Crosby Hockey School, Crosby said he would hoist the trophy in the streets of Halifax and Dartmouth as part of an annual civic parade.

“Get ready, the Stanley cup is coming to town!” Crosby confirmed in the tweet sent late Tuesday night. “I will be taking Lord Stanley to the streets Monday August 7th in the Halifax-Dartmouth Natal Day parade.”

The parade, part of annual events that celebrate Halifax’s birthday, also happens to fall on the Pittsburgh Penguins captain’s 30th birthday.

Natal Day chairman Greg Hayward said he expects another 25,000 people will be lining the parade route on top of the roughly 40,000 usual attendees.

“It’s extremely exciting to think that we’re going to have Sid and the Cup in our Natal Day parade,” Hayward said Wednesday.

Crosby has shown off the Stanley Cup twice before in his hometown of Cole Harbour, just outside Dartmouth, in 2009 and 2016.

Last July, Crosby carried the Cup in the back of a pickup that made its way to an arena in Cole Harbour as thousands of cheering fans looked on in sweltering heat.