Christian Ehrhoff

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.

Report: No buyout for Girardi, but Rangers willing to trade almost anyone

FILE - In this Feb. 11, 2012, file photo, New York Rangers' Dan Girardi looks on during an NHL hockey game against the Philadelphia Flyers in Philadelphia. The Rangers say they have agreed to terms with Girardi on a multiyear contract extension, taking the key defenseman off the trading block and keeping him away from unrestricted free agency. The deal was announced Friday, Feb. 28, 2014. (AP Photo/Matt Slocum, File)
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From Larry Brooks at the New York Post:

The Post has learned the Blueshirts do not intend to buy out the remainder of Dan Girardi’s contract, which has four years remaining at an annual $5.5 million cap charge.

In addition, sources report management has not requested the alternate captain to waive his no-move clause (which will be replaced by a modified no-trade following 2016-17). Further, no such request is expected.

So Girardi will be back with the New York Rangers next season. That’s what Brooks is reporting.

But that doesn’t mean there won’t be significant changes to the roster. According to Brooks, the Rangers are “prepared to listen to offers for everyone,” save for Henrik Lundqvist, Brady Skjei and Pavel Buchnevich.

That includes Ryan McDonagh, Derek Stepan, Derick Brassard, Chris Kreider and Kevin Hayes, each player’s availability, of course, will be dependent upon the exchange rate in return. But nothing is off the table. And the Wild are believed to have serious interest in native Minnesotan Stepan.

We told you it could be an interesting offseason in the Big Apple.

Related: AV concedes the Rangers had a ‘puck-moving’ problem

Chris Phillips, a former first overall draft pick, announces retirement

Chris Phillips
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Chris Phillips, the first overall draft pick in 1996, has retired after 1,179 NHL games, all of them with the Ottawa Senators.

“Chris’ trademark leadership, determination, hard work, and resilience as a hockey player gave our city and our fans the opportunity to witness an impressive 19 year journey in the National Hockey League,” said Sens owner Eugene Melnyk in a release. “Chris’ commitment to our team and our city places him among one of the greatest players to don a Senators uniform. He will forever hold a special place in the history of our hockey club.”

Phillips, 38, will remain with the Sens in a front-office role.

The 38-year-old defenseman was a pending unrestricted free agent; he didn’t play at all in 2015-16 due to a back injury.

Phillips’ last game was on Feb. 5, 2015.

The timing of the Gudbranson trade was…interesting

Florida Panthers defenseman Erik Gudbranson (44) gets up from the ice after being pushed in the second period during a preseason NHL hockey game against the Tampa Bay Lightning, Saturday, Sept. 28, 2013, in Sunrise, Fla. (AP Photo/Lynne Sladky)
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It seems like only yesterday that the Florida Panthers were raving about Erik Gudbranson.

Except it wasn’t yesterday.

It was earlier this month.

“Guddy has taken a big step for our team this year,” coach Gerard Gallant said, per the Sun Sentinel. “He’s very confident, moves the puck real well and is a big part of our blue line.”

“He’s really going to be a special player for a lot of years in this league and hopefully for a lot of years with the Panthers,” said veteran d-man Brian Campbell.

Now, Florida had just signed Gudbranson to a one-year contract extension, so of course there was raving to be done.

But it still surprised many when he was traded to Vancouver yesterday.

For example:

Not that Gudbranson was given away for nothing. The return the Panthers got from the Canucks was considerable. Jared McCann could be a top-six forward one day, and there was more.

“The fact we were able to add draft picks this year, second and fourth round, 33 and 93, we felt gave us two picks that we got back that we lost on the trading deadline,” general manager Tom Rowe told reporters.

Rowe also conceded that trading Gudbranson was a “very, very difficult decision.”

The timing, though.

The timing was pretty hard to ignore.

Rowe, of course, was just named Florida’s new GM. He replaced Dale Tallon, who was “promoted” (or demoted, depending who you ask) to the role of director of hockey ops.

It was all part of a big, managerial shakeup — one that was driven in large part by analytics:

Would you be surprised to learn that Gudbranson did not have a particularly high Corsi?

From Stats.HockeyAnalysis.com:

Panthers

Now, we’re not saying the Panthers made this trade solely because of advanced stats. When there’s a salary cap, difficult decisions need to be made. Gudbranson will need a new contract next summer, and he won’t be cheap to re-sign.

Added Rowe: “The way [Michael Matheson] played in the playoffs and at the World Championship for an outstanding Canadian team really gave us more of a comfort level to do this.”

Still, it was only two years ago that Tallon was saying Gudbranson was “likely going to be the captain of our team some day.” And it was only a few weeks ago that Tallon called Gudbranson “an important part of our young core who has continued to develop into a reliable, physical presence on our blue line and a strong leader in our locker room.”

So yeah, whether or not you like the deal for the Panthers, it’s more than fair to wonder who, or what, was the driving force behind it.

One thing’s for sure — the Panthers are going to look very different on the back end next season. Gudbranson’s gone; Willie Mitchell is unlikely to be back; and Campbell is an unrestricted free agent who may test the market.

In the playoffs, no defenseman played more for Florida than Gudbranson. After him, it was Campbell.

Related: People are wondering — do the Florida Panthers know what they’re doing?

Some tough decisions await the Blues

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Yet again, the St. Louis Blues failed to achieve their ultimate goal.

And boy does it hurt right now.

“We’re all hurting,” coach Ken Hitchcock said last night after getting eliminated by the San Jose Sharks in the Western Conference Final.

“You don’t want this to be our best opportunity. You want this to be a building block. In this game, in this era, in this cap world, you don’t know where you’re going to be a year from now.”

Indeed, GM Doug Armstrong has some tough decisions to make this offseason.

At the top of the list is whether to bring Hitchcock back. Yes, the Blues did better than 26 other teams, and yes, they finally got past the first round. Still, there are people who believe this will be it for the head coach, that a new voice could help. Overall, Hitchcock has done a great job in St. Louis. But then, so did Todd McLellan in San Jose. Sometimes, change can be good.

Then there are the unrestricted free agents. Both captain David Backes and winger Troy Brouwer need new contracts. The former is 32, the latter 30. The former had seven goals in the playoffs, the latter eight. How much money will they want? How much term? The second question might be the most important.

On the back end, it’s Kevin Shattenkirk that will garner the most attention. He’s signed through next season before he can become an unrestricted free agent. Just 27 years old, and considering the demand for what he does, he’ll be very expensive to keep. And with the emergence of Colton Parayko, trading Shattenkirk could probably be justified, especially if the return is good. A team like the Boston Bruins might be willing to pay up.

Right now, the pain is still fresh for the Blues.

“It’s so hard to win in the league right now,” said Hitchcock. “It’s so hard to win a series. So hard to just get in the playoffs. When you get this far, you get this close, you think you got the opportunity.”

The challenge for Armstrong will be to give his team another opportunity next season. And with the draft less than a month away, all these tough decisions will need to be made very soon.