The Terry Pegula effect: Sabres sign Christian Ehrhoff to 10-year, $40M deal

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Apparently Christian Ehrhoff received some good feedback about Buffalo, because it looks like he will play hockey there for a long time.

The Associated Press reports that the hard-shooting German defenseman signed a mammoth 10-year, $40 million contract with the Buffalo Sabres today. This signing comes after they shipped their 2012 fourth round pick to the New York Islanders for his exclusive negotiating rights.

Note: See the bottom of this post for a detailed breakdown of the structure of his new deal.

Instant analysis of the contract

Let’s make no mistake about it: this is a monster deal, especially from the perspective of term. Ehrhoff will turn 29 on July 6, so this early birthday present of a contract will probably cover the rest (or at least most) of his remaining playing days. Honestly, it’s difficult to avoid feeling a little anxious about giving any player a deal for such a long time in a violent sport like hockey, especially when he’s halfway through his career. Calling this deal risky is an understatement.

The greatest perk of these decade-long contracts is how much they dilute a player’s salary cap hit, though. Only Ehrhoff’s sternest critics would deny that $4 million is a bargain for a defenseman who just produced a 50-point season and scored at least 40 points in two other campaigns. Ehrhoff averaged just a second less than 24 minutes per game on the juggernaut Vancouver Canucks team, so his big picture value should be obvious even if he remains flawed in a few areas. Some people might debate this point, but his skill set and resume probably would have made him the top target among unrestricted free agent defensemen if he got that far.

The impact of adding Ehrhoff and Regehr

Interestingly enough, both of the Sabres’ new defensemen will register $4 million per year salary cap hits and were acquired in part because of trades. Buffalo added Robyn Regehr and his $4.02 million cap hit (which expires after the 2012-13 season) via a trade with the Calgary Flames and traded for Ehrhoff’s negotiating rights to get this deal done. The two defensemen add opposing elements to a Sabres defense that was very lacking in 2010-11; Regehr is a rugged, stay-at-home defenseman while Ehrhoff’s game is geared more toward puck movement and scoring points.

With Regehr and Ehrhoff primed to take top pairing (or at least top four) roles going forward, 2009-10 Calder Trophy winner Tyler Myers can assume a more comfortable position with the team. Some said that Myers suffered a “sophomore slump” after that great rookie campaign, yet if you ask me, the Sabres stretched super-tall defenseman too thin. Now he can grow into his role as the team’s blueliner of the future (with Ehrhoff, apparently).

Conclusions

There’s a chance that this signing might remove Buffalo as a dark horse candidate in the Brad Richards sweepstakes. Adding Ehrhoff’s expected $4 million cap hit brings the Sabres’ cap space to about $7 million and they need to fill 3-6 roster spots.

That being said, if the opportunity comes along, it wouldn’t be shocking if the Sabres made another bold move or two. It’s clear that Pegula is willing to spend big – and take some risks – to make the team better. We’ll see if their gambles pay off next season … and in the case of Ehrhoff, maybe for the nine seasons that follow as well.

The year-by-year structure of the deal

TSN’s Bob McKenzie provided a breakdown of the year-by-year structure of the deal. I altered it slightly to make it easy to read.

Year 1: $8 million signing bonus, $2 million salary
Year 2: $5M signing bonus, $3M salary
Year 3: $4M
Year 4: $4M
Year 5: $4M
Year 6: $4M
Year 7: $3M
Year 8: $1M
Year 9: $1M
Year 10: $1M
*McKenzie notes that the deal will have a “modified” no-movement clause.

As you can see, the contract is front-loaded as expected. The Sabres might be able to trade him (if they can get around the clause) to a poorer NHL team between years 7-10 because his low salary and $4 million cap hit would help them reach the salary cap floor. Of course, there’s the other alternative: Ehrhoff might retire before his contract expires, which would make his cap hit go away under the current Collective Bargaining Agreement.

Streit on Canadiens return: ‘Montreal always had a special place in my heart’

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Whether he’s Andrei Markov‘s replacement or a depth addition, the bottom line is that Mark Streit is slated for his second run with the Montreal Canadiens.

Streit, 39, would be justified in feeling like this signing could really tie his career in a nice bow.

MORE: Canadiens sign Streit

(Amusingly for everyone beyond his accountant, with a reported $700K cap hit for 2017-18, Streit is drawing almost the exact same salary as he did from the start; Streit received $600K in 2006-07 and 2007-08, according to Cap Friendly/Cap Geek.)

Back in 2004, the Canadiens drafted him … barely. He was a ninth-round pick, going 262nd overall in 2004.*

All things considered, Streit jumped to the NHL remarkably quickly, playing more than half a season in 2005-06. He would bounce from the Canadiens to the Islanders, Flyers, Penguins, and now back to Montreal. Despite him pretty well-traveled, the Swiss-born blueliner feels most at home with the Habs, as he told the team website.

“Montreal always had a special place in my heart because I started there,” Streit said. “One thing I really always missed was playing at the Bell Centre. It’s a unique rink with unique fans and a unique atmosphere. If you get the chance to play in front of them every night – with the atmosphere and the life in the city – I think it’s very motivating.”

Streit acknowledged the pressure that comes with playing there, and he’d certainly feel some if Canadiens fans are expecting a player who struggled to even crack the Pittsburgh Penguins’ postseason lineup to replace Markov.

Considering his $700K cap hit, Canadiens fans should keep expectations reasonable, especially since Streit tends to really blossom when people don’t expect much from him.

* – In case you’re wondering, that was a respectable ninth round. Danniel Winnik (717 games played, 265th overall), Grant Clitsome (205 GP, 271), Adam Cracknell (203, 279), and Jannik Hansen (580 GP, 287) all made solid careers for themselves. Not bad for guys who were drafted in rounds that wouldn’t even take place today.

Canada would consider Doan, Iginla for 2018 Winter Olympics

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When discussing the construction of Canada’s possible roster heading into the 2018 Winter Olympics, Sean Burke can be almost frustratingly coy. Still, in leaving virtually every available avenue at least conceivably open, he leaves room for some fascinating scenarios.

It might be tough to top this one discussed on TSN’s Overdrive 1050: if NHL teams pass on signing Jarome Iginla and Shane Doan, perhaps the Olympics could be their swan song?

Yes, there are quite a few “ifs” involved, but it’s an intriguing thought during the dog days of the hockey summer.

Burke likely presented more realistic possibilities in acknowledging that professional players plying their trade in Europe, particularly the KHL, might be the greatest source for talent.

“Most of our players will be guys that come from Europe playing in the KHL,” Burke said to TSN’s Overdrive 1050.

When pondering possible entries, recent international tournaments could be helpful.

Looking at Canada’s 2016 Deutschland Cup roster and who they’re sending to the 2017 Sochi Open, NHL castoffs such as Derek Roy, Gilbert Brule, Nigel Dawes, Andrew Ebbett, Chris Lee, and Mason Raymond all seem likely logical choices. College players such as Cale Makar make things more complicated – both for Canada and the U.S. – as well.

In a separate interview with TSN, Burke noted that he would rather not supply specific names himself. Even in being vague, he provided an additional interesting detail: upcoming tournaments may illuminate what Canada lacks on its roster as much as who could have a leg-up on making the team.

And, if nothing else, they’ll get a good look at some players through a rigorous process.

Wow.

That notion makes you wonder if AHL players will be at a significant disadvantage to make both Team Canada and the United States rosters. As the Associated Press notes, AHL teams look poised to loan certain players, but only for a window of Feb. 5-26.

Burke notes that he’ll want a significant chunk of his roster more or less settled around December, and he already pointed to a preference for those who are playing in Europe.

Now, that doesn’t mean Canada or the U.S. will ignore an obvious AHL talent – if available – yet it sounds like those players would face an uphill battle to making the 2018 Winter Olympics.

That said, a lot can change, especially considering how often injuries can throw a wrench in things.

As much as we’d all love to watch a “best-on-best” tournament featuring NHL players, the alternative is also intriguing: seeing how different teams construct rosters from a variety of other leagues/resources.

And, hey, it could be awfully fun to see the likes of Iginla and/or Doan leading a motley crew of young players and former NHLers. Such a thought might even get Doan to admit that he was out of bounds in blaspheming “Miracle.”

Zibanejad jumps at opportunity to be Rangers’ No. 1 center

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It’s reasonable to assume that the New York Rangers were comfortable trading Derek Stepan in part because they believed Mika Zibanejad could step into the No. 1 center role.

That puts a lot of pressure on Zibanejad, who’s never been the top pivot on an NHL team before. If that wasn’t enough, now he’ll need to justify the first big contract of his career (seeing his cap hit rise from $2.625 million to $5.35 million).

MORE: Rangers lock up Zibanejad for five years

At least he isn’t oblivious to this challenge, and as the Rangers website notes, he’s actually super happy* to raise the stakes.

“I think even before signing, seeing Derek being traded was a little bit of an alert to me that I might get a chance to play a bigger role,” Zibanejad said. “As a player, you always want more responsibility and a bigger role. It’s something that I’m working really hard to make sure that I’m … taking advantage of the chance I’m getting.”

Stepan drew criticism – arguably unfair criticism – from Rangers fans for not being quite the No. 1 center many of them wanted, so it will be interesting to see how Zibanejad handles the challenge/burden.

If you were to grade his first season with the Rangers, you might be tempted to hand him an “Incomplete.”

Injuries really limited him for much of 2016-17, but when he played, he was solid, scoring 14 goals and 37 points in 56 games. Zibanejad had a flair for the dramatic, too.

Still, in full seasons, Zibanejad’s produced nice-but-unspectacular numbers. Two straight 20+ goal seasons to finish his Senators days were helpful, but many of his stats more or less fell in line with Stepan’s production.

Now, at 24, it’s reasonable to believe that Zibanejad’s best days are in front of him. It’s also true that, while he’s received nice opportunities to succeed, he wasn’t quite getting those top-line reps that Stepan received.

In all likelihood, it will come down to expectations. If Rangers fans want Zibanejad to produce at a level far exceeding Stepan, they might be disappointed; the bar for a successful season by most forwards’ standards has changed in the NHL, and Stepan’s mostly made the grade. On the other hand, if expectations are kept in check, Zibanejad could be a very nice fit for the Rangers.

Though he might miss the Derick Brassard comparisons now that the measuring stick changed to Derek Stepan.

* – Seriously, the guy said “super happy” a lot.

Yandle is happy Tallon is back running the Panthers

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It’s that time.

We’re approaching August, which means that the deluge of hockey optimism is really headed our way.

Players on teams that missed the playoffs – sometimes badly – will fill notebooks with quotes about how excited they are about next season. Guys whose past seasons were riddled by injuries will say that they’re in the best shape of their lives.

Now, look, there’s nothing wrong with that. And, hey, some of those players will almost certainly end up being right. Sometimes they provide some substance beyond the blindly positive comments.

That’s not really the interesting part of Keith Yandle‘s gushing comments about the Florida Panthers, via NHL.com’s Dan Rosen. Nope, it’s interesting because he’s praising GM Dale Tallon regaining his post.

“Having Dale back in charge, I think that was the main thing that got everyone going,” Yandle said. “You sense the power over the locker room that Dale can have. It’s such a positive thing when you have a guy like Dale Tallon. Everyone respects him and everything he does for the team. Going into the season knowing he has our back, he has the team, and obviously that he hired great coaches too, it’s a great thing.”

Yandle’s enthusiasm regarding Tallon is interesting because, frankly, Yandle seems like he was part of the batch of analytics-driven signings.

Without knowing for sure, Yandle seems like the sort of defenseman “old-school-types” might not like. There were rumblings that he refused to waive his NMC for the expansion draft, only fueling thoughts that the very executive he’s praising might have wanted him out.

Tallon’s already done work to walk back certain moves from that not-so-old-regime, as he engineered the moves to send not just Jonathan Marchessault but also Reilly Smith to the Vegas Golden Knights. There were also rumors that the Panthers were shopping Jason Demers, possibly more than once.

Now, it’s possible that Yandle could be excited about the direction of the team, even if said team might prefer that he was playing elsewhere. Still, it’s an amusing note amid a fairly typical round of optimistic quotes.

(Yandle does make some solid points about why 2017-18 could be better, by the way.)