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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.

Here’s your Stanley Cup playoffs schedule for tonight

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After three full days without NHL action, the Stanley Cup Final between the Pittsburgh Penguins and San Jose Sharks will get underway tonight. You can watch the game via the NBC Sports Group’s television and digital platforms.

San Jose at Pittsburgh (8:00 p.m. ET)

The television broadcast of Game 1 will be on NBC. To stream the contest using the Live Extra app, click here.

We wrote a lot about this series over the weekend. If you haven’t taken a look yet, here are the relevant links:

Penguins or Sharks? PHT makes its Stanley Cup Final picks

Penguins, Sharks discuss bumpy road to Stanley Cup Final

Yes, Thornton and Marleau have been dreaming of a run like this

Sharks and DeBoer ready for Pittsburgh, ‘the fastest team in the league’

Fleury: Now’s not the time to think about future in Pittsburgh

Should Lightning trade Bishop and hand the torch to Vasilevskiy?

Pittsburgh Med: Bonino ‘fine,’ Letang MIA and Daley not ruling out a return (Update)

Matt Nieto should be available to play in Game 1 of the Stanley Cup Final

Subtle but effective offseason pushed Sharks to next level

Report: Semin will stay in KHL for 2016-17

OTTAWA, ON - OCTOBER 11:  Alexander Semin #13 of the Montreal Canadiens skates during the NHL game against the Ottawa Senators at Canadian Tire Centre on October 11, 2015 in Ottawa, Ontario, Canada.  The Montreal Canadiens defeated the Ottawa Senators 3-1.  (Photo by Minas Panagiotakis/Getty Images)
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It seems there will be no NHL comeback attempt by Alex Semin. At least not in 2016-17.

Instead, Semin has inked a one-year extension with Magnitogorsk Metallurg, according to Sport-Express writer Igor Eronko.

At 32 years old, Semin still could have a lot of years left in him as a professional hockey player, but at this point it wouldn’t be surprising if he has played in his last NHL game. Early in his career his talent was clear and demonstrated by some great showings offensively, but he was plagued by inconsistency. In recent years though, he wasn’t so much inconsistent as he was underwhelming.

After being limited to six goals and 19 points in 57 games with Carolina in 2014-15, the one-time 40-goal scorer was bought out of his five-year, $35 million contract just two seasons into it. Montreal took a chance on him for 2015-16, but he only appeared in 15 games with the Canadiens before they put him on unconditional waivers on Dec. 9.

He’s fared better in the KHL though, with five goals and 14 points in 20 regular season games followed by another seven markers and 15 points in 23 playoff contests.

PHT Morning Skate: Predicting the 2016 Stanley Cup Final

San Jose Sharks center Joe Pavelski celebrates after scoring a goal against the Minnesota Wild duyring the third period of an NHL hockey game Saturday, Jan. 23, 2016, in San Jose, Calif. San Jose won 4-3. (AP Photo/Eric Risberg)
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PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.

Among the 21 NHL.com and NHL Network experts offering their prediction for the Stanley Cup Final, 17 of them are choosing the San Jose Sharks. (NHL.com)

The majority of ESPN’s experts are also picking the Sharks. (ESPN.com)

For CBS Sports, Adam Gretz and Chris Peters are split on the outcome. (CBS Sports)

Tickets for the first Stanley Cup Final in San Jose appear to be going for significantly more than their Pittsburgh Penguins counterparts. (Pittsburgh Post-Gazette)

Inspired by John Scott‘s comments, here’s the start of a World Cup All-Snubs’ team. (TSN)

Peter DeBoer said that then New Jersey Devils GM Lou Lamoriello fired him from the Devils’ head coaching job late at night on Christmas. The news then broke on Dec. 26. (Tom Gulitti)

Vegas tabs Joe Pavelski as Conn Smythe frontrunner

SAN JOSE, CA - MAY 21:  Joe Pavelski #8 of the San Jose Sharks awaits a face off against the St. Louis Blues in game four of the Western Conference Finals during the 2016 NHL Stanley Cup Playoffs at HP Pavilion on May 21, 2016 in San Jose, California.  (Photo by Christian Petersen/Getty Images)
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The Pittsburgh Penguins are Vegas favorites to win the 2016 Stanley Cup, but the odds lean toward a San Jose Sharks player capturing the Conn Smythe.

Bovada released a variety of odds on Sunday after others surfaced on Friday.

Joe Pavelski is pegged as a +400 favorite as a winner, edging some other top candidates such as Sidney Crosby, Phil Kessel and Matt Murray.

Here’s the full list:

Pavelski +400
Crosby +500
Kessel +500
Murray +500
Logan Couture +500
Martin Jones +600
Brent Burns +700
Joe Thornton +900
Evgeni Malkin +900
Kris Letang +1400

Bovada also released prop bets, including how long the series might last. Check that out here.