Another unthinkable trade: Devils unload Brian Rolston to Islanders for Trent Hunter

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After the Florida Panthers acquired Brian Campbell earlier this summer, I was forced to contemplate the idea that there is no such thing as an “untradeable contract” in the NHL anymore. Not after teams unloaded the likes of Campbell, Scott Gomez and so on.

One of the first “Yeah, but …” comments I remember receiving revolved around the New Jersey Devils’ and Brian Rolston’s ugly 35+ contract. As it turns out, the Devils and New York Islanders proved that even Rolston’s deal could be moved as New Jersey sent Rolston and a conditional 2012 draft pick to Long Island in exchange for Trent Hunter. Let’s break down the ins and outs of the deal now.

Huge savings for the Devils = Re-signing Zach Parise?

If you shot Devils GM Lou Lamoriello with some truth serum (as seen in “Kill Bill: Vol. 2”), he would probably admit that the team would’ve bought out Rolston or buried his cap hit in the minors if they could. The four-year, $20.25 million deal the Devils handed Rolston ranks as one of the worst moves the savvy GM ever made and most figured they would need to eat the last $5.06 million in cap space from the deal this season even though Rolston’s skills have diminished in a glaring way.

Instead of wasting precious cap space on Rolston, the Devils gain about $3 million to work with (Rolston minus Hunter), putting them about $8 million under the cap ceiling. That’s convenient timing for the franchise since Zach Parise’s August 3 salary arbitration hearing looms. Don’t be shocked if they find a way to avoid that process by giving the outstanding forward a hefty contract extension – one made much easier with that intense cap relief.

Oh yeah, there’s also Trent Hunter. In the grand scheme of things, his name could have been “Bag of Pucks” and this would have been a big win for the Devils. He carries a $2 million cap hit for 2011-12 and 12-13, with at least some potential to contribute. He’s big (listed at 6-foot-3, 210 lbs.) and is a two-time 20+ goal scorer. He missed 61 games last season with a torn MCL, however, so one wonders if he might even be a candidate for the long-term injured reserve. Either way, if he contributes in a significant way – which is plausible but unlikely – then this trade is an even bigger victory for the Devils.

The Islanders’ side of the equation

It’s pretty tough to look at this as anything more than the Islanders’ attempt to reach the $48.3 million salary cap floor. They’re certainly closer now; Cap Geek lists them at about $42.35 million after the trade. With solid power forward Blake Comeau and up-and-comer Josh Bailey awaiting new restricted free agent deals, they could inch a bit closer to that ceiling (not to mention the possible addition of some unrestricted free agent named Alexei Yashin).

The saving grace is that Rolston’s cap hit mercifully expires after the 2011-12 season. The 2012 off-season could be an interesting time for the Islanders, who will only have eight of their 20 current players under contract. While John Tavares will likely get a solid raise, the Isles could have some nice flexibility if the Collective Bargaining Agreement changes the NHL’s spending climate.

As far as the on-ice gains, it’s tough to imagine the Islanders getting a whole lot from Rolston, but maybe a change of scenery would help. He’ll get the chance to get revenge on the Devils plenty of times next season and also has the motivation of a contract year/last chance to continue his NHL career dangling in front of him. If nothing else, he’ll be the Islanders’ highest paid player next season.

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Ultimately, the Devils are probably cackling at their good fortune, possibly even more than they were when they landed Adam Larsson. There was a disturbing span in which it seemed like Lamoriello was “losing it,” but it seems like he’s back to fleecing other teams. The Islanders took on a lot of salary with limited reward, but if you look hard enough, you can see at least a few reasons why they did it.

That being said, this is a huge win for the Devils and a tough pill for Islanders fans to swallow.

Draisaitl on signing with Oilers: ‘We have something really special’

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As a restricted free agent, Leon Draisaitl only had so much say regarding his future with the Edmonton Oilers, especially since teams rarely send offer sheets around in the NHL.

Even so, Draisaitl could have opted for a “bridge” deal; instead, he signed for the maximum of eight years for a whopping $68 million on Wednesday.

Some would probably grumble but understand if Draisaitl explained his rational by pointing at one of those big checks or at a calculator. Instead, the promising young forward explained that he believes that the Oilers have a bright future, and he wants to be a part of it.

In case you’re wondering, additional details have surfaced regarding the year-to-year breakdown of Draisaitl’s deal. TVA’s Renaud Lavoie also reports that Draisaitl has a no-movement clause, thus making it that much more likely that he’ll get his wish to stick with the Oilers:

Of course, with Draisaitl and Connor McDavid combining for a $21M cap hit beginning in 2018-19, the bigger question is not whether they will stay, but who the Oilers will manage to keep in the fold.

Still, that’s for GM Peter Chiarelli & Co. to decide. For Draisaitl, this is a great moment, and he might even be able to back up that big contract with big results on the ice.

Cullen explains why he chose Wild over Penguins

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If you check out a bio on Matt Cullen, you’ll notice that he’s from Minnesota. It doesn’t take a leak, then, to explain why Cullen signed a one-year deal with the Minnesota Wild on Wednesday.

As Cullen explained to Michael Russo of the Minneapolis Star-Tribune, “this is a family decision.” As he goes deeper into his logic, even especially sore Pittsburgh Penguins fans should probably understand Cullen’s perspective.

“Minnesota is home and it’s a special place for me,” Cullen said. “It’s not easy to say goodbye and it’s not easy to walk away [from Pittsburgh]. I’m confident in the decision we’re making and it’s the right thing for our family. But at the same time, it’s not an easy one.

Now, to be fair, Cullen also told Russo that he believes the Wild are a “hungry” team that might have been the West’s best in 2016-17. It’s not like he’s roughing it, and surely the $1 million (and $700K in performance bonuses that Wild GM Chuck Fletcher hopes Cullen collects) didn’t hurt, either.

Still, such a decision makes extra sense for a 40-year-old who’s played for eight different NHL teams during his impressive career. Russo’s story about Cullen attending his kids games and seeing his brothers is worth a read just for those warm and fuzzy feelings we often forget about in crunching the numbers and pondering which teams might be big-time contenders in 2017-18.

This isn’t to say that getting a fourth Stanley Cup ring wouldn’t be appealing to Cullen, but perhaps he’ll get his family time and win big, too?

There’s also the familiarity that comes with playing three fairly recent seasons with the Wild, so Cullen’s choice seems like it checks a lot of the boxes.

In other positive Wild news, Russo reports that Eric Staal is feeling 100 percent after suffering a concussion during the playoffs.

Tuesday was Wild day at PHT, but perhaps this feels more like Wild week?

Bovada gives McDavid higher odds than Crosby to win Hart in 2017-18

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In handing Connor McDavid an eight-year, $100 million extension, the Edmonton Oilers essentially are paying the 20-year-old star based on the assumption that he’ll provide MVP-quality play.

At least one Vegas oddsmaker agrees, as Bovada tabbed McDavid as the favorite to win the Hart Trophy, edging Sidney Crosby.

That’s interesting, yet it might be even more interesting to note where other players fall in the rankings. Auston Matthews coming in third is particularly intriguing.

Who are some of the more interesting choices? The 20/1 range seems appealing, as Carey Price is one of the few goalies with the notoriety to push for such honors while John Tavares has the skill and financial motivation to produce the best work of his career next season.

Anyway, entertain yourself with those odds, via Bovada: (Quick note: Bovada originally had Artemi Panarin listed as still playing with Chicago. PHT went ahead and fixed that in the bit below.)

2017 – 2018 – Who will win the Hart Memorial Trophy as the NHL’s Most Valuable Player?
Connor McDavid (EDM)                         3/2
Sidney Crosby (PIT)                              5/2
Auston Matthews (TOR)                         17/2
Alex Ovechkin (WAS)                            9/1
Patrick Kane (CHI)                                 14/1
Vladimir Tarasenko (STL)                       15/1
Evgeni Malkin (PIT)                                16/1
Carey Price (MON)                                 20/1
John Tavares (NYI)                                20/1
Jamie Benn (DAL)                                 25/1
Steven Stamkos (TB)                             25/1
Erik Karlsson (OTT)                               33/1
Nikita Kucherov (TB)                              33/1
Jack Eichel (BUF)                                  50/1
Ryan Getzlaf (ANA)                               50/1
Patrik Laine (WPG)                                50/1
Brad Marchand (BOS)                            50/1
Tyler Seguin (DAL)                                50/1
Nicklas Backstrom (WAS)                      60/1
Brent Burns (SJ)                                    60/1
Braden Holtby (WAS)                            60/1
Phil Kessel (PIT)                                    60/1
Artemi Panarin (CBJ)                              60/1
Joe Pavelski (SJ)                                  60/1

Oilers cap situation is scary, and not just because of Draisaitl, McDavid

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The Edmonton Oilers pulled the trigger – and likely made teams with big RFA headaches like the Boston Bruins grimace – in signing Leon Draisaitl to a massive eight-year, $68 million contract on Wednesday.

You have to do a little stretching to call it a good deal, although credit Puck Daddy’s Greg Wyshysnki with some reasonably stated optimism.

Either way, the per-year cap bill for Connor McDavid and Draisaitl is $21 million once McDavid’s extension kicks in starting in 2018-19; that’s the same combined cost that Jonathan Toews and Patrick Kane receive … and those two got those paydays after they won three Stanley Cups for the Chicago Blackhawks.

Now, if the Oilers struggle in the near future, plenty of people will heap blame on McDavid and/or Draisaitl. Really, though, the true scapegoats should be a management team with more strikeouts than homers.

(As usual, Cap Friendly was a key resource in studying Edmonton’s salary structure.)

Bloated supporting cast

There are some frightening contracts on the books in Edmonton, especially if a few situations work out unfavorably.

At 29, there’s severe risk of regression with Milan Lucic, even if he enjoys a more stable second season with Edmonton. He carries a $6M cap hit through 2022-23, so he’ll be on the books for all but two years of Draisaitl’s new deal.

Kris Russell costs $4.167M during a four-year stretch, and even now, he has plenty of critics. Those complaints may only get louder if, at 30, he also starts to slip from his already debatable spot.

Andrej Sekera‘s been a useful blueliner, yet there’s some concern that time won’t treat him kindly. He’s dealing with injuries heading into 2017-18, and at 31, there’s always the risk that his best days are behind him. Not great for a guy carrying a $5.5M cap hit through 2020-21.

One can’t help but wonder if Ryan Nugent-Hopkins might be an odd man out once the shackles of the salary cap really tighten. Just consider how much Edmonton is spending on a limited number of players, and you wonder if the 24-year-old will be deemed too pricey at his $6M clip.

Yeah, not ideal.

It’s not all bad

Now, let’s be fair.

RNH could easily grow into being well worth that $6M. Draisaitl may also justify his hefty price tag. McDavid honestly cut the Oilers a relative deal by taking $12.5M instead of the maximum.

The Oilers also have two quality, 24-year-old defensemen locked up to team-friendly deals: Oscar Klefbom ($4.167M through 2022-23) and Adam Larsson ($4.167M through 2020-21). They need every bargain they can get, and those two figure to fit the bill.

Crucial future negotiations

GM Peter Chiarelli’s had a questionable history of getting good deals. He’ll need to get together soon, or the Oilers will really struggle to surround their core with helpful support.

Cam Talbot is a brilliant bargain at the strangely familiar cap hit of $4.167M, but that value only lasts through 2018-19. After that, he’s eligible to become a UFA, and could be massively expensive if he produces two more strong seasons.

The bright side is that the Oilers aren’t locked into an expensive goalie, so they can look for deals. That isn’t as sunny a situation if you don’t trust management to have much success in the bargain bin.

Talbot isn’t the only upcoming expiring contract. The Oilers have serious questions to answer with Darnell Nurse and Ryan Strome. Also, will they need to let Lucic-like winger Patrick Maroon go? Even with mild relief in Mark Fayne‘s money coming off the books, the Oilers might regret this buffet when the bills start piling up next summer.

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Look, the truth is that management is likely to be propped up by the top-end in Edmonton, particularly in the case of McDavid’s otherworldly skills. As much as that Draisaitl deal looks like an overpay – possibly a massive one – there’s a chance that he lives up to that $8.5M, too.

It’s not just about those stars, though.

The Pittsburgh Penguins gained new life by complimenting Sidney Crosby and Evgeni Malkin with the likes of Phil Kessel. The Blackhawks have struggled once they couldn’t afford as much help for Kane and Toews.

You have to mix your premium items with bargains, and one wonders if the Oilers will be able to spot sufficient value beyond the no-brainer top guys. Their recent history in that area certainly leaves a lot to be desired.