Teddy Purcell and Lauri Korpikoski avoid arbitration, both sign two-year deals

Today was supposed to be the kick-off of the dreaded salary arbitration process, but only one of the cases actually made it. The Tampa Bay Lightning avoided arbitration by signing Teddy Purcell to a two-year contract while the Phoenix Coyotes reached a settlement with Lauri Korpikoski that resulted in a two-year deal.

Nick Kypreos reports that Purcell’s two-year deal will register a $4.725 million total while Korpikoski will cost $3.6 million overall. That amounts to a $1.8 million annual cap hit for Korpikoski and a cap hit of more than than $2.36 million* for Purcell. It’s unclear if Korpikosi’s “settlement” was actually an agreement that happened before the hearing or if that’s the ruling itself.

Purcell gets the biggest upgrade, but it’s pretty difficult to argue with that raise. The Lightning winger had a breakthrough 2010-11 season with 51 points, but he really made a name for himself during the playoffs. Purcell scored 17 points in 18 games, earning himself the 12th highest total of the 2011 postseason and ranking him third overall among Lightning players.

As I discussed in this post, the heartening thing about Purcell is that while he put up much better numbers that his previous years, he didn’t have a wildly improved shooting percentage. He scored at an 8.7 percent rate for 17 goals in the regular season and connected on 13 percent of his shots for six goals in the playoffs. The postseason rate my be a little high, but the general takeaway is that he has a great chance to maintain his momentum. That’s especially true because he’ll probably get some chances in the top six with Simon Gagne and Sean Bergenheim gone via free agency.

source: Getty ImagesKorpikoski hasn’t really broken out on a mainstream level like Purcell, but he also had a breakthrough contract year. He earned career-highs across the board with 19 goals, 21 assists and 40 points, a +17 rating and 15:31 of ice time per game. Those numbers made him the fifth-highest scoring Coyotes player.

One could argue that he didn’t get the same amount of cash as Purcell because his playoff success has been lacking, though. He scored one assist and had a lousy -6 rating in four games against Detroit in 2011 and scored one goal with a -4 rating during the Coyotes’ seven game series against the Red Wings in 2010. Korpikoski will probably need to put more than 103 shots on net to score around 19 goals again in 2011-12; his 18.4 percent shooting percentage probably isn’t sustainable during another season.

Both Purcell and Korpikoski carry the worry that they were one-hit wonders during the 2010-11 season, but each look like they might play a solid role with their respective teams. Their cap hits are reasonable and the two-year terms represent nice compromises for each side. Consider these two deals “wins” for everyone, especially the Lightning and Coyotes.

*$2.3625 million, if you want to be exact.

WATCH LIVE: 2017 NHL Draft – the first round

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Will the New Jersey Devils select Nico Hischier or Nolan Patrick with the first overall pick? Could another team swoop in and trade for a high choice, whether it be from the Devils, Philadelphia Flyers, or someone else?

On a day of huge, often shocking trades, the first round of the 2017 NHL Draft still has potential to bring more twists and turns.

You can watch another important night in the NHL unfold on NBCSN beginning at 7 p.m. ET on Friday.

CLICK HERE TO WATCH LIVE

Also, check out PHT’s draft tracker here. Note the current order of selections below.

PHT’s 2017 NHL Draft Tracker

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From the United Center in Chicago, it’s the first round of the 2017 NHL Entry Draft!

Click back here throughout the night for all the latest picks, complete with draft profiles, stories and video from tonight’s broadcast on NBCSN.

1. New Jersey Devils
2. Philadelphia Flyers
3. Dallas Stars
4. Colorado Avalanche
5. Vancouver Canucks
6. Vegas Golden Knights
7. New York Rangers (from Arizona)
8. Buffalo Sabres
9. Detroit Red Wings
10. Florida Panthers
11. Los Angeles Kings
12. Carolina Hurricanes
13. Vegas Golden Knights (from Winnipeg)
14. Tampa Bay Lightning
15. Vegas Golden Knights (from NY Islanders)
16. Calgary Flames
17. Toronto Maple Leafs
18. Boston Bruins
19. San Jose Sharks
20. St. Louis Blues
21. New York Rangers
22. Edmonton Oilers
23. Arizona Coyotes (from Minnesota)
24. Winnipeg Jets (from Columbus via Vegas)
25. Montreal Canadiens
26. Chicago Blackhawks
27. St. Louis Blues (from Washington)
28. Ottawa Senators
29. Dallas Stars (from Anaheim)
30. Nashville Predators
31. Pittsburgh Penguins

Capitals re-sign Oshie for eight years, $46 million

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T.J. Oshie will be staying with the Washington Capitals for a very, very long time.

The team announced on Friday evening that it has signed the veteran forward to an eight-year contract that will pay him an average annual salary of $5.75 million.

That comes out to a total dollar amount of $46 million.

“T.J. is an invaluable member of our team and we felt it was imperative for us to re-sign him in a competitive free agent market,” general manager Brian MacLellan said in a statement released by the team. “T.J. is a highly competitive player with a tremendous skill set; he epitomizes the kind of player our team must have in order for us to continue to put ourselves in a position to compete in this League.”

Oshie is coming off of a career year for the Capitals that saw him score 33 goals to go with 28 assists in only 68 games.

While the team is almost certainly ecstatic to bring him back (and better off in the short-term), that eight-year commitment could be a risky one long-term. While Oshie is still a top-line player and was one of the most productive forwards in the league this past season, he is also already 30 years old. Giving that much term to a player that has already celebrated his 30th birthday usually ends up becoming an issue before the contract expires. But that is still pretty far down the road, and the Capitals are a better team in the short-term with him back in the mix. If he proves to be an essential ingredient in maybe bringing a Stanley Cup to Washington, they certainly won’t complain about maybe having to deal with a bad contract in five or six years.

In two years with the Capitals he has 59 goals and 48 assists (107 points) in 148 games.

His re-signing with the Capitals also puts a pretty significant dent in the upcoming free agent class as Oshie was looking to be one of the most sought after players on the open market.

On Friday, shortly after the Blackhawks overhauled their roster, there was speculation they might make a run at him as a potential Artemi Panarin replacement. Obviously, they will have to now look elsewhere. With Oshie no longer available the biggest names that could be available would be Alexander Radulov (assuming he and the Montreal Canadiens can not come to terms) or Ilya Kovalchuk (if he makes a return to the NHL).

Barroway doing ‘what’s right’ for Coyotes

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CHICAGO — If it wasn’t clear that Andrew Barroway is running the show in Arizona, it sure is now.

Since Barroway bought out his minority partners earlier this month, the Coyotes have cut ties with captain Shane Doan, traded goalie Mike Smith, and parted ways with head coach Dave Tippett.

That is no coincidence. Doan, Smith, and Tippett were the old guard, and Barroway wants to chart a new path.

For the breakup with Tippett, Barroway cited “philosophical differences on how to build” the team.

“I mean, he’s 100 percent owner,” GM John Chayka said Friday before the NHL Entry Draft. “Usually those guys do have some influence. … I think he’s trying to do what’s right for the organization moving forward. He wants to help find us an arena and keep us (in Arizona) long term. He wants to help us build a team. He’s invested emotionally, financially, everything. I respect that about him.”

Read more: ‘It was the owner’s decision’

But the shakeup hasn’t been easy on Chayka, who now has to find a new head coach, in addition to everything else on his plate.

“I’m 24 hours past Dave Tippett, and he’s a tough guy to get over,” said Chayka. “I’m focused on picking the best player tonight, then going from there.”

The Coyotes have the 23rd overall pick tonight. That was the selection they got from Minnesota in the Martin Hanzal trade. Arizona’s pick, the seventh overall selection, went to the Rangers in today’s Derek Stepan trade.

Hectic times for the Desert Dogs.

Related: Coyotes acquire Niklas Hjalmarsson from Chicago