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.

Coyotes fire assistant coach Newell Brown

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The Arizona Coyotes have parted ways with some personnel.

Assistant coach Newell Brown has been fired, along with Doug Soetaert, who was the general manager of their AHL affiliate in Tuscon.

Pro scouts David MacLean and Jim Roque won’t be back either. Their contracts will not be renewed.

“I’d like to thank Newell, Doug, David and Jim for their contributions to the club,” said GM John Chayka. “They are all good people but we believe these changes are necessary in order to improve our organization. We wish them the best in the future.”

A longtime NHL assistant coach, Brown is perhaps the most prominent of the four men. He joined the Coyotes in the summer of 2013 and received high praise for his work with their power play.

But Arizona’s power play slipped to 26th this past season, converting at a rate of just 16.2 percent.

As for Soetaert, he was only named GM of the Roadrunners last summer. The former NHL goalie had previously been a scout.

Plenty of seats available for tonight’s game in Ottawa

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The Ottawa Senators say they’re still expecting a full house, but Ticketmaster’s website shows plenty of available seats for tonight’s second-round opener with the New York Rangers.

From the Ottawa Citizen:

Many of the available tickets for Thursday’s game were in the corners of the upper bowl, seats that carry a $96 price tag.

The Senators sold out all three games in the opening round of the playoffs against Boston. Game 1 drew a crowd of 18,702, while 18,629 showed up for Game 2 and 19,209 were in the seats for Game 5.

Attendance has been an issue in Ottawa — or, more specifically, suburban Kanata — all season, to the point owner Eugene Melnyk expressed great frustration with the lack of sellouts at Canadian Tire Centre.

Poor attendance also led to friction behind the scenes. At least, it sure sounded that way in the lawsuit that was filed against the team by its former chief marketing officer.

Poor attendance is why the Sens are trying to get a new downtown arena built. They believe that a more central location is the key to bigger crowds.

But regardless of the arena’s location, it won’t be a good look if there are empty seats tonight. This is the playoffs, and the Senators are one of eight remaining teams in the hunt for the Stanley Cup. The building should be full.

Related: Melnyk thinks Sens can make deep playoff run

McPhee won’t bring Stanley, Vegas’ lucky golden rooster, to draft lottery

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There’s no way any lede I write will do this Review-Journal anecdote justice, so yeah, just read it:

[Vegas GM George] McPhee still has his superstitions like any former athlete. But don’t expect him to be rubbing a rabbit’s foot or holding a bunch of 4-leaf clovers in his pocket.

And he decided to leave Stanley the Rooster home rather than try and explain to Canadian Customs officials why the gift given to the team by the Mandarin Oriental back in February during Chinese New Year should be allowed into the country as a good luck prop.

The draft lottery goes Saturday in Toronto, at 7:30 p.m. ET. Vegas won’t drop any lower than sixth and has a 10.3 percent shot at the No. 1 overall pick, behind Colorado (18 percent) and Vancouver (12.1 percent). Arizona also has a 10.3 percent chance at getting top spot.

Hagelin making ‘significant steps’ in returning to Pens lineup

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It’s been nearly six weeks since Carl Hagelin last suited up for the Penguins.

His return sounds like it’s on the horizon.

Hagelin, out since Mar. 10 with a lower-body injury, was deemed “close” to coming back by Pens head coach Mike Sullivan, just ahead of tonight’s Game 1 against Washington.

“[Hagelin] is a day-to-day decision at this point,” Sullivan said. “He took limited contact this morning. The next step, obviously, will be the full contact approach.

“He is certainly making significant steps in the right direction here.”

The speedy Swede missed the final 16 games of the regular season with his ailment, and all five games in Pittsburgh’s opening-round win against the Blue Jackets. The end result was just six goals and 22 points in 61 games played, down from the impressive stretch he had last season after being acquired from Anaheim.

Pittsburgh is hopeful the 28-year-old can rejoin the team, and provide similar production as last year’s playoff run. Hagelin had six goals and 16 points in 24 games en route to hoisting the Stanley Cup.

Hagelin isn’t the only veteran forward that could make his return this season. Earlier this week, the Pens announced winger Chris Kunitz had been cleared for contact, and is available for the Washington series.