Drew Doughty

Kings and Drew Doughty agree on 8-year, $56 million contract

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After months of negotiating and a stress-filled summer for Kings fans all over California, the waiting (and worrying) has finally come to an end. According to TSN’s Bob McKenzie, the Los Angeles Kings and restricted agent Drew Doughty have at last come to terms on an 8-year, $56 million contract. And not a moment too soon.

In an official press release, the Kings announced that the two sides had come to a verbal agreement.  Needless to say, the announcement ignited celebrations for hockey fans in Los Angeles; and shouts of denial from opposing fans who still  held out hope that their team would sign the restricted free agent an offer sheet.

“The Los Angeles Kings have reached a verbal agreement with restricted free agent defenseman Drew Doughty on a multi-year contract, Kings President/General Manager Dean Lombardi announced tonight.”

By all measures, the two sides came together on a deal at the last minute. The Kings finally budged after insisting that he average cap hit of any deal would not exceed Anze Kopitar’s team high $6.8 million per season. From Doughty’s side, the young defenseman accepted an eight-year deal—a longer term than he may have preferred. The $7 million average salary per season will make him the third-highest paid defenseman—trailing only Shea Weber’s one-year contract and Brian Campbell’s ridiculous $7.1 million per season. Kings’ governor Tim Leiweke praised GM Dean Lombardi for getting a deal done that works for the team.

“Dean did a good job here. Dean is unbelievable with the budget and the forecasting and, as you know, he’s a professor when it comes to the boxes and forecasting where we’re going long-term. So he was passionate about protecting ourselves with some flexibility here. I feel good about the fact that we have someone that has the vision that Dean has, long-term, and is keeping the nucleus together. But he’s also smart, and he knows eight years is eight years. And this kid is 21 years old. He’s going to 29, and still in his prime, when he’s done with this contract. That’s a good thing for the franchise. The guy that isn’t mentioned here, Mr. Anschutz, he has broken the bank here. We are sending a very strong message to our fans. We’re committed to winning, and we just proved it again.”

Three weeks ago, there were reports that the Kings had offered the 21-year-old defenseman a 9-year deal worth $6.8 million per season.

From the Kings point of view, it’s easy easy to understand their excitement. The 8-year deal will eat up four of Doughty’s valuable “unrestricted years,” at a reasonable $7 million per season. One of the difficult parts of the negotiating process is that there’s no real comparable salary for a player like Doughty. He’s already become the second youngest player to be nominated for the Norris Trophy and proved he belonged among the league’s elite at the 2010 Winter Olympics in Vancouver.

The timing also worked out for Los Angeles as well. There were plenty of artificial deadlines; but both sides understood that a deal needed to be reached by the end of the week or Doughty would miss regular season games. The Kings have two more preseason games in North America before leaving for Europe on Saturday night. People around the organization said they hoped to sign him in time to participate in a couple of preseason games before the regular season started in Berlin. With tonight’s deal, the team will decide if they want him to play in Saturday’s preseason game against the Avalanche before heading to their final preseason game on Tuesday in Hamburg, Germany.

For Doughty, he instantly becomes one of the highest paid defensemen (and players) in the NHL. He successfully skipped his “second contract” and jumped right to his huge payday at the tender age of 21. $7 million per season will buy quite a few cocktails for the man who recently reached the legal drinking age.

Symbolically, it shows that the organization realizes he’s an crucial piece to their puzzle. He’s now the highest paid player on a team that not only has playoff aspirations, but Stanley Cup dreams. No pressure there kid.

Now comes the tough part. As weird as it may sound after this prolonged three month ordeal, someone may want to tell Doughty that negotiating the contract is the easy part. Now he’ll have the next eight years to prove that he’s worth it. With that kind of money and the type of team the Kings have assembled this season, individual statistics may not be enough to justify that kind of contract.

All the sudden, the stakes have been raised for Drew Doughty and the LA Kings. A Norris Trophy? He has eight years. Legitimate playoff performer? He has eight years. Stanley Cup?

You get the idea…

With ‘no expectations’ for Franzen or Vitale to play, Wings aren’t worried about cap situation

Detroit Red Wings v Edmonton Oilers
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At first glance, Detroit’s current financial situation isn’t good. Petr Mrazek’s recent two-year, $8 million extension pushed the payroll to nearly $78 million, well over the $73M ceiling for next season.

But there is a catch.

“Certainly we have no expectations that [Johan] Franzen and [Joe] Vitale are playing hockey this year,” GM Ken Holland said Wednesday, per MLive. “I talked to Vitale after we traded (for) him. He’s having on-going issues with concussion.

“He certainly not expecting to be in camp. I’m not expecting to see Johan Franzen on the ice.”

Vitale, acquired from Arizona as part of the Pavel Datsyuk deal at the draft, carries at $1.16 million cap hit. Franzen, who played in just two games last year while dealing with concussion issues of his own, carries a $3.95M hit.

Putting those two on long-term injured reserve would almost get Detroit right back into cap compliance. Holland can also exercise a similar option with Teemu Pulkkinen, who underwent shoulder surgery this offseason (and makes $812,500).

Thing is, cap compliance isn’t all Holland wants to accomplish.

Though he re-signed Danny DeKeyser to a big six-year, $30 million contract earlier this week, Holland still wants to add to his blue line. The Wings have a surplus of forwards, and Holland has said he’d “love to get a top-three defenseman” prior to the start of next season.

A top-three defenseman will undoubtedly cost a fair bit of money. Which means a fair bit of money would need to go the other way in return.

Detroit has reportedly spoken to Anaheim about acquiring Cam Fowler. Fowler, 24, would be a good fit — he’s got a very reasonable contract ($4 million annually through 2018), the type of money the Wings could bring aboard if they were to part with the likes of, say, Gustav Nyquist ($4.75 million through 2019).

The catch, of course, is that the asking price for defensemen is sky high. It cost the Oilers Taylor Hall to get Adam Larsson out of New Jersey, and there are teams like Boston — still desperately searching for a “transitional” defenseman — that have publicly stated the acquisition cost is steep.

So while Detroit might not be worried about its cap situation for next season, it has to be concerned about having what it takes to upgrade the defense.

Related: Blues GM says he might just keep Kevin Shattenkirk

 

With Peters re-signed, ‘Canes ready to snap playoff drought

Bill Peters
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It’s been an exciting offseason in Carolina.

Now the team is equally excited about the season at hand, and the prospect of making the playoffs for the first time since 2009.

“We think we’re right there,” GM Ron Francis said on Tuesday, in announcing head coach Bill Peters’ contract extension through 2019. “We want to get in the playoffs, and we want to have success around here.”

Hired with little fanfare two years ago, there’s a sense Peters has finished the unglamorous dirty work in shaping the team, and teaching players how he wants the game to be played.

Now is the time to see the fruits of his labor.

In his first season behind the bench, the former Mike Babcock assistant was working with an expensive, older, mediocre group that included the likes of Alex Semin, Eric Staal, Tim Gleason and John-Michael Liles. The group wasn’t especially inspiring, and all the guys mentioned are now gone.

Next season, the ‘Canes project to be a different lot.

They’ll boast a young, dynamic group of players aged 24 or younger: Justin Faulk, Jeff Skinner, Victor Rask, Elias Lindholm, Brett Pesce, Jaccob Slavin, Teuvo Teravainen, Noah Hanifin and Sebastian Aho, to name a few.

These are all a positive changes for Peters, who is clearly a coach on the rise. He was named the bench boss for Team Canada at the world championships, and led the country to gold. This fall, he’ll reprise his role as Babcock’s assistant for Canada at the World Cup of Hockey.

“When you go back a couple years ago, there were a lot of questions about who we had hired,” Francis explained. “[Peters] wasn’t really well known, but in the two years he’s been here, he’s done a tremendous job.”

Put it all together, and it’s easy to see why optimism in Carolina is so high. Though the roster will be young next year, it’s absolutely loaded with talent and there’s good reason to believe they’ve got the right coach to lead the group.

If there is one thing that could dampen enthusiasm, though, it’s the club’s goalie situation.

Francis made the curious move of bringing Cam Ward back on a two-year deal, resurrecting the Ward-Eddie Lack tandem that struggled at times last season.

Peters was extremely patient and protective of his netminders during that spell, but with expectations raised, that tone might change.

Yzerman knows Bolts have ‘to be under the cap at some point,’ so Callahan (hip) could open on LTIR

Steve Yzerman
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It might feel complex, but the financial situation in Tampa Bay is actually straightforward — GM Steve Yzerman has roughly $5-$6 million in cap space, with forward Nikita Kucherov and d-man Nikita Nesterov still to sign.

And Yzerman thinks he has a way to get ’em done.

“We’ve got to be under the cap at some point,” Yzerman said, per the Tampa Bay Times. “Depending on the health of players, Ryan Callahan had surgery and if he’s not ready to to start the season, that buys us some time.

“We can do that (long-term injured reserve) if we need to. At some point, we’re going to have to be cap compliant to start the season, there’s no way around it.”

Callahan underwent major hip surgery in late June, and was expected to miss the next five months of action. He’s already been ruled out of competing for Team USA at the World Cup of Hockey, and now it sure sounds like his absence will extend into the regular season.

Which could suit the Bolts just fine.

While they’ll miss Callahan’s presence, the temporary relief of his $5.8 million cap hit could allow Yzerman to take care of Kucherov and Nesterov now, and figure out the finances later.

Trades at the end of the preseason/start of the regular season are commonplace, especially with teams looking to get cap compliant. Last year, in a mid-September deal, Chicago was forced to flip Kris Versteeg and Joakim Nordstrom to Carolina in order to sign Marcus Kruger.

Of course, Kucherov is going to demand significantly more money than Kruger did from the ‘Hawks.

The Times floated the idea of Filip Forsberg‘s new contract in Nashville — six year, $36 million — as a potential comparable, which could mean Yzerman will be forced to trade a fairly noteworthy contributor, not just a couple of spare parts.

Names that have been floated include veteran centers Valtteri Filppula and Brian Boyle. Yesterday’s signing of promising pivot Vladislav Namestnikov suggests the team thinks Namestnikov is ready to assume a larger role down the middle, making Filppula and/or Boyle expendable.

Preds sign veteran d-man Matt Carle for one year

TORONTO, ON - DECEMBER 15:  Matthew Carle #25 of the Tampa Bay Lightning stretches in the warm-up prior to playing against the Toronto Maple Leafs during an NHL game at the Air Canada Centre on December 15, 2015 in Toronto, Ontario, Canada. The Lightning defeated the Leafs 5-4 in overtime. (Photo by Claus Andersen/Getty Images)
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Bought out by the Tampa Bay Lightning, defenseman Matt Carle has landed in Nashville on a one-year deal worth $700,000.

The Predators announced the signing today. Carle, 31, will join what’s considered one of the best blue lines in the NHL, led by P.K. Subban and Roman Josi.

Carle played 64 games for the Lightning last season, plus 14 more in the playoffs. But his ice time fell dramatically, to the point he logged under 10 minutes in each of the Bolts’ final three postseason games.

In Nashville, Carle will bring over 700 games of NHL experience, plus two trips to the Stanley Cup Final, to a team that just traded its captain, Shea Weber, and also bought out veteran defenseman Barret Jackman.

In fact, of the eight Preds d-men under contract, only Carle is over 30. The next oldest is Subban, who’s 27.