Colin White

Devils waive Trent Hunter and Colin White; Buyouts on the way

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Last year the Devils had a major issue keeping a full roster under the salary cap and while they did the best they could, there wasn’t a lot of flexibility for them. This summer, things have changed. The Devils traded away Brian Rolston in favor of Trent Hunter from the Islanders and with Rolston’s brutal contract off the books, GM Lou Lamoriello isn’t stopping there with helping lower the Devils’ cap hit.

New Jersey is waiving both the newly acquired Hunter and defenseman Colin White with the purpose of buying them out. Hunter is due to make $2 million against the cap this season and next season while White has a $3 million cap hit this season. Should both players clear waivers tomorrow at noon, the Devils will be cashing out their contracts and making them unrestricted free agents.

While buyouts are a last resort for cost cutting, the Devils are set to free up a good chunk of change with these moves as Tom Gulitti of Fire & Ice points out.

For White, the buyout would be $2 million with the cap hit spread over two years—or $1 million per year. For Hunter, the buyout price would $2,666,667 with the cap hit spread over four seasons—or $666,667 per season.

In total, the Devils would save $3,333,333 in cap space in the 2011-12 season. They already have approximately $2.5 million in cap space (depending upon which players are on the roster).

With the Devils freeing up that sort of space, they’ll have the sort of room for adjustment that they didn’t have last year when juggling Ilya Kovalchuk’s new contract along with other poorly financed deals on their books. Paying out dead cap space of nearly $2 million this year sure beats having anywhere from $5 million to $7 million in awful contracts with players that may or may not be living up to their amount.

What the Devils will do with that added cap space is up to the mad genius himself, Lamoriello. The likely action here is to work on getting Zach Parise’s long-term extension hammered out. Parise signed a one-year deal last week after being unable to come to an agreement on a long term one and did so to avoid going to arbitration. With the added savings in the long run from getting rid of White, Hunter, and Rolston’s deals, Lamoriello can how move a little easier towards getting Parise locked up for a long time in New Jersey.

With White’s departure from the Devils, that leaves just Martin Brodeur and Patrik Elias from the last Devils Stanley Cup team in 2003. No one else on the roster has won the Cup elsewhere. If the Devils had more of a reason to be hungry to win after they did so poorly last year, having long-standing former Cup winners departing from the team and growing older still should serve as motivation to get the rest of the team going. With the soon-to-be-had salary cap freedom, the Devils can now better make the moves needed to get them back on top of the NHL.

Maybe the Leafs didn’t want to trade Phaneuf, but they couldn’t afford to keep him

TORONTO, ON - DECEMEBER 19: Dion Phaneuf #3 of the Toronto Maple Leafs waits for a faceoff against the Phoenix Coyotes during an NHL game at the Air Canada Centre on December 19, 2013 in Toronto, Ontario, Canada. The Leafs defeated the Coyotes 2-1 in an overtime shoot-out. (Photo by Claus Andersen/Getty Images)
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The conference call was supposed to outline the reasons why Toronto traded its captain, Dion Phaneuf.

But instead, the man that orchestrated the deal — GM Lou Lamoriello — opened with all the reasons why the Leafs would miss him.

“I’ve been extremely impressed with Dion from day one,” Lamoriello explained on Tuesday, shortly after flipping Phaneuf to Ottawa in a blockbuster nine-player deal. “I came in with no preconceived notions, I really didn’t know what to expect other than what was hearsay at different times.

“He’s been impressive in every way whatsoever. And in the phone call I had with him, I expressed that and I meant it sincerely. He’s been a great leader, he’s handled every situation that’s been asked of him, and he’s going to be missed.”

But then, Lamoriello turned to the hard truth.

For as much as the Leafs liked Phaneuf and respected what he’d done in his six-plus seasons with the organization, he just didn’t fit anymore.

Phaneuf, who turns 31 in April, didn’t fit with the rebuild. Assuming the Leafs are two to three years away from being competitive, it’s hard to envision a (successful) blueprint in which a veteran defenseman — one that’s essentially been miscast as a No. 1 since arriving in Toronto — is pushing 35 while the team is on an upswing… while pulling in $7 million annually.

Which brings us to the next thing that didn’t fit in Toronto:

Phaneuf’s contract.

In the second of a seven-year, $49 million deal, Phaneuf would’ve been on Toronto’s books through 2021. That kind of term is an albatross, especially when the likes of Morgan Rielly and Nazem Kadri need new deals by next July, and prized prospects Mitch Marner, William Nylander and Kasperi Kapanen are all due to hit restricted free agency around the same time.

Sens GM Bryan Murray acknowledged as much in his conference call, saying the Phaneuf trade “gives [the Leafs] relief in the latter part of the contract.”

Lamoriello also made mention of that fact, pointing out that a key to the deal was not retaining any of Phaneuf’s salary.

“The length of Dion’s contract and the amount of cap space that is there — where that would put us at a given time, certainly not knowing where the cap will go, this gives us the opportunity to do things,” he said. “It also gives us the opportunity when some of our younger players are coming to the end of their entry-level contracts — who we have high expectations for — to sign them.”

In the end, the deck was just too stacked against Phaneuf.

The GM that acquired him (Brian Burke) and the one that extended him (Dave Nonis) are long gone, and the new regime made no bones about the fact that, for as much as they liked Phaneuf, they didn’t like his contract.

So, off to Ottawa he goes.

“This is a transaction, “Lamoriello said, “that we had no choice with.”

Related: For Sens, Phaneuf brings experience and ‘security on the back end’

For Sens, Phaneuf brings experience and ‘security on the back end’

OTTAWA, CANADA - APRIL 12: Dion Phaneuf #3 of the Toronto Maple Leafs passes the puck against Erik Condra #22 of the Ottawa Senators on April 12, 2014 at Canadian Tire Centre in Ottawa, Ontario, Canada.  (Photo by Francois Laplante/FreestylePhoto/Getty Images)
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If it felt like this morning’s Dion Phaneuf trade came out of the blue, well, it kinda did.

According to Senators GM Bryan Murray, talks only got “serious” this past weekend during a phone call with Maple Leafs GM Lou Lamoriello.

“He called me about something else,” said Murray. “I brought up Dion’s name.”

The way the Sens had been playing, it’s no surprise to hear that Murray had been looking for a “little more security on the back end,” as he put it.

“You hear people talk all the time that we’re dreadful in our own end,” he said. “We haven’t been great. We’re getting better. This we believe will be a good addition. It’s about getting an experienced leader, good person, hard-working, competitive guy to add to the mix in our top four.”

Phaneuf is expected to start on the Sens’ second pairing with Cody Ceci. Ottawa’s top d-man, Erik Karlsson, typically skates with Marc Methot.

While Murray called the multi-player deal a “hockey trade,” he conceded there were financial considerations involved.

“It had to work financially for us, as well as for Toronto,” he said. “It gives them relief in the latter part of the contract, I suspect, and it gives us some working pieces to go forward with for the next couple of years.”

What do the Sens expect from Phaneuf?

“Just to be a solid person, player,” said Murray. “Come in and give a little experience to the back end. Play his game the way he plays it.”

“He’ll just bring, we hope, a presence to this organization,” Murray continued. “It appears right now that we’ve got a lot of young guys that are going to be fitted in and playing. Our depth and youth, it’s good. We just needed a little bit of help.”

One thing Murray doesn’t expect?

“We don’t expect him to come in here to be a savior. We expect him to come in here and just be the hockey player that he is.”

Ottawa plays tomorrow in Detroit, where Phaneuf is expected to make his Senators debut.

The Sens and Leafs play March 5 in Toronto.

No hearing scheduled for Abdelkader after Barkov hit

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There’s no disciplinary hearing scheduled for Detroit forward Justin Abdelkader following his big check on Florida’s Aleksander Barkov last night, an NHL spokesman has confirmed.

The incident, which occurred early in the second period, left Barkov woozy and forced him from the game entirely. Abdelkader wasn’t penalized on the play — that, along with the hit itself, infuriated the Panthers and head coach Gerard Gallant.

“It was a cheap hit, I don’t know how the ref didn’t call it,” Nick Bjugstad told the Miami Herald.

“I thought it was a cheap shot but the referees didn’t see it that way,” Gallant added, noting that Abdelkader “left his feet a little and got [Barkov] in the jaw.”

Abdelkader has run afoul of the Department of Player Safety before. He was suspended two games during the ’13 playoffs for a hit on then-Ducks defenseman Toni Lydman.

The Panthers are back in action tonight, as they take on the Sabres in Buffalo.

Detroit doesn’t play again until Wednesday, when it hosts the Sens at Joe Louis.

Dion Phaneuf traded to Senators

LOS ANGELES, CA - JANUARY 07:  Jordan Nolan #71 of the Los Angeles Kings is knocked off balance by Dion Phaneuf #3 of the Toronto Maple Leafs during the second period at Staples Center on January 7, 2016 in Los Angeles, California.  (Photo by Harry How/Getty Images)
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And this is why we listen when Bob McKenzie says something.

The Ottawa Senators have acquired defenseman Dion Phaneuf, forwards Matt Frattin, Casey Bailey, and Ryan Rupert and undrafted defensive prospect Cody Donaghey from the Toronto Maple Leafs in exchange for defenseman Jared Cowen, forwards Colin Greening, Milan Michalek and Tobias Lindberg, plus Ottawa’s second-round pick in the 2017 draft.

No salary will be retained by either team.

From the Leafs’ perspective, the trade provides even more cap flexibility for their rebuild. Phaneuf is signed through 2020-21 for a cap hit of $7 million; he’s entirely on Ottawa’s books now. As for the guys coming to Toronto, Michalek, Cowen, and Greening are only under contract through next season, for a combined cap hit of around $10 million. And according to the Ottawa Sun’s Bruce Garrioch, both Cowen and Greening could be bought out by the Leafs this offseason.

The Sens, meanwhile, get to add a workhorse defenseman to a blue line that already includes Erik Karlsson. Plus, they rid themselves of some onerous contracts.