Washington Capitals v Florida Panthers

The NHL’s best bargain contracts: Southeast Division

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The hockey world tends to focus on the most regrettable contracts rather than the best ones because let’s face it: it’s more enjoyable to make fun of Brian Campbell‘s deal than to linger on Dustin Brown‘s bargain contract. That being said, clever GMs deserve credit for either finding the right timing to sign a player, judging their value better than most or simply fostering a climate in which a player will take a pay cut. This series of posts will take a look at every team to see which (if any) players deserve to be called bargains.

Notes: entry-level deals don’t count because they have built-in maximum levels. “Loophole” contracts will be considered, but they won’t receive as much consideration because of their inherent salary cap dishonesty. Bought out players will be considered for their current cap hits. I also think $6 million is a reasonable – if arbitrary – cutoff point for a true bargain player.

Carolina Hurricanes – The Canes could have made the playoffs last year but got smeared by the Lightning in that deciding game.

Jussi Jokinen ($3M) – Jokinen was once a glorified shootout genius, but he’s been a valuable contributor for Carolina lately. His new contract seems like a solid deal for the Canes.

Alexei Ponikarovsky ($1.5M) – I’m not very high on Ponikarovsky, to be honest. That being said, he’s a four-time 20+ goal scorer entering an attacking system that could play to his strengths. It’s a low-risk, medium-reward deal.

source: Getty ImagesFlorida Panthers – Their hearts were in the right place, but the Panthers gave out funny money to a lot of unproven players this off-season.

Stephen Weiss ($3.1M) – Naturally, the best deal – and maybe Florida’s best player – involves a guy who’s been there for a long time.

Mike Santorelli ($1.6M) – He scored 20 goals last season, so his contract could be nice. Of course, it all depends on how he fits in with the many new pieces, though.

Honorable mention: If Jose Theodore proves me wrong and ends up being an above average NHL starter, then the Panthers found one at a cheap rate.

Tampa Bay Lightning – The Bolts lost a couple of players who helped them during their playoff run, but kept many of the big ones, so it’s reasonable to expect another nice season.

Martin St. Louis ($5.63M) – While the Lightning’s fortunes have resembled a roller coaster ride since they won a Stanley Cup, St. Louis steadily puts together great work year after year. He also does it at a great price.

Steve Downie ($1.85M) – Sure, his penchant for bad hits makes him a polarizing figure, but few players as violent as Downie also have as much offensive upside.

Dominic Moore ($1.1M) – A nice defensive player with a touch of offensive ability, Moore brings enough to the table that his contract is a solid steal.

source: Getty ImagesWashington Capitals – Could this be the year for the Caps? Bruce Boudreau certainly hopes so.

Mike Knuble ($2M) – Knuble plays a responsible game and scores dirty goals in bunches; he just finished his eighth consecutive season with at least 20 tallies.

Karl Alzner ($1.3M) – Alzner took an absurdly cheap deal and ranks as one half of the team’s promising young shutdown line. What’s not to like?

Tomas Vokoun ($1.5M) – It’s embarrassing that only two GMs were reportedly in the running for one of the league’s most consistently statistically excellent goalies. The best part for the Capitals is that they have at least one other netminder who can carry the load if Vokoun doesn’t work out for whatever reason. Either way, Vokoun is easily the bargain of 2011 free agency.

Honorable mention: Nicklas Backstrom is getting paid too much to be a true bargain, but if he bounces back with Alex Ovechkin as expected, he’ll go back to being a great bang for the buck center.

source: APWinnipeg Jets – The remodeled Thrashers won’t spend a whole lot of money next season, so do they have some bargains on their roster?

Bryan Little ($2.38) – He probably won’t score 31 goals again, but hitting the 20-goal plateau isn’t out of the question.

Eric Fehr ($2.2M) – Health is a concern with the large winger, but he could be the next Andrew Ladd.

Tobias Enstrom ($3.75M) – Enstrom quietly produces a lot of points; he passed the 50-point mark in two straight seasons.

Ondrej Pavelec ($1.15M) – Pavelec bounced back in an impressive way after his scary fainting spell and then tapered off toward the end of the season. Still, he put up a .914 save percentage overall, which is pretty good for a starter getting paid such a small amount. This season might determine if he’s the goalie of the future for the Jets.

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Feel free to point out any glaring omissions or faulty inclusions. Again, remember: players on their entry-level deals don’t count, so that’s why you won’t see the Jeff Skinners of the world.

Click here for the Atlantic Division version.

Click here for the Central Division version.

Click here for the Northeast Division version.

Click here for the Northwest Division version.

Click here for the Pacific Division version.

Preds sign Jarnkrok for six years, with a cap hit of just $2 million

DENVER, CO - DECEMBER 09:  Calle Jarnkrok #19 of the Nashville Predators skates against the Colorado Avalanche at Pepsi Center on December 9, 2014 in Denver, Colorado. The Predators defeated the Avalanche 3-0.  (Photo by Doug Pensinger/Getty Images)
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Nashville’s momentous offseason continued today with the signing of forward Calle Jarnkrok to a six-year, $12 million contract.

That’s a cap hit of just $2 million, all the way through 2021-22.

Suffice to say, it’s not often that a player signs such a long deal, for such a modest cap hit. Jarnkrok notched career highs in goals (16) and assists (14) in 81 games last season for the Preds. He kills penalties, too.

At the very least, the 24-year-old has some financial security now. But for Nashville, as long as his production doesn’t fall off a cliff, he could end up being a great bargain.

Jarnkrok had an arbitration hearing scheduled for Aug. 4.

Related: Preds avoid arbitration with Petter Granberg — two years, $1.225 million

Red Wings re-sign Mrazek to two-year, $8 million deal

Detroit Red Wings goalie Petr Mrazek (34) stops a shot by Tampa Bay Lightning center Valtteri Filppula (51) in the first period of Game 3 in a first-round NHL hockey Stanley Cup playoff series, Sunday, April 17, 2016, in Detroit. (AP Photo/Paul Sancya)
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The Detroit Red Wings didn’t need Petr Mrazek‘s arbitration hearing either.

The day after the Wings avoided the process by locking up defenseman Danny DeKeyser, they agreed on a two-year deal with Mrazek, with a reported cap hit of $4 million.

Mrazek, 24, went 27-16-6 last season with a .921 save percentage. Those numbers compared favorably to Jimmy Howard‘s (14-14-5, .906); however, GM Ken Holland has argued that keeping Howard could be best for Mrazek’s development.

“It could possibly be detrimental if we put Petr in a situation where we’re just going to throw him out and play 70 games and no matter how you play, we’re going to keep putting you out,” said Holland.

Granted, it may be that Howard is simply untradeable. He’s 32 years old, hasn’t put up solid numbers the past three seasons, and has three years remaining on his contract with a cap hit of just under $5.3 million.

If Howard remains, the Wings will have just under $9.3 million in cap space allocated to their goaltenders next season, one of the highest totals in the league.

Mrazek, by the way, will still be a restricted free agent when his new contract expires in the summer of 2018.

Tavares ‘would love’ to spend his entire career with Isles

John Tavares
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With new majority owners and now talk of a new arena, the future of the New York Islanders has been a popular topic lately.

Not surprisingly, it’s led to plenty of discussion about the future of captain John Tavares, who can become an unrestricted free agent in the summer of 2018.

Ownership has insisted that it won’t get that far, that Tavares will be re-signed. The Isles will have “no financial constraints,” owner Jon Ledecky promised.

But what about Tavares? What does he think?

“I think I’ve always showed my commitment, my appreciation and my desire to play on Long Island,” the 25-year-old told Sportsnet 590 radio on Tuesday, per NHL.com. “I would love for that to continue for the long haul. I think you look at some of the greatest players in the game have been able to spend their entire career somewhere. I hope I’m in that same position.”

As for the speculation he could sign in Toronto?

“I would not count on that,” he said.

So start the countdown to July 1, 2017. That’s when Tavares can officially start negotiating an extension with the Isles.

Perhaps by then we’ll even know where the team will be playing its future games. Will it be Brooklyn or somewhere else?

Sens re-sign Hoffman to four-year, $20.75 million deal

Mike Hoffman
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Only 18 NHLers have scored more goals than Mike Hoffman has over the last two seasons.

Today, the Ottawa Senators signed the 26-year-old sniper to a four-year contract with a reported cap hit of $5.1875 million.

Hoffman had an arbitration hearing scheduled for Aug. 4. The breakdown of his new deal, according to Sportsnet’s Elliotte Friedman:

His contract done, Hoffman can now focus fully on next season, which he’s excited about.

“New coach coming in, Guy Boucher, I had him in junior when I played in Drummondville of the Quebec League,” Hoffman said recently. “Very good relationship with him, we won a championship together. So definitely looking forward to working with him this year.”

As for Sens GM Pierre Dorion, he’s still got some offseason work to do. Defenseman Cody Cedi is a restricted free agent, and there’s no arbitration date to encourage a settlement in his case. While Dorion is confident that something that will get done with the 22-year-old, what remains to be seen is if it’s a short- or long-term deal.