As of Sunday, the NHL has been permitted to start negotiating with other markets regarding a potential move of the Phoenix Coyotes. The good news for fans in Phoenix is that the league has repeatedly stated that they’re preference is to keep the team in Phoenix Glendale. The league hasn’t started contacting other potential owners in other potential markets yet; so things could be worse.
The incomparable Elliotte Friedman wrote a detailed article today breaking down various scenarios for the league and the Coyotes future (you should check out the entire article). He breaks it down to where Seattle and Quebec City make the most sense for the league in the short-term. More importantly, he breaks it down from a financial standpoint for the other 29 owners. Sooner or later, it always comes back to money.
Instead of choosing between Seattle and Quebec City, Friedman explains that the league could be interested in both—and another Toronto area team as well. Why? Is it for better competitive balance? To even the new realigned divisions that go into effect next season? No. Because there’s a lot of money to be made this way.
He explains the Coyotes could fetch around $170 in relocation, etc. fees for the 29 owners. Here’s where it gets interesting. If the Coyotes move to Seattle, that still leaves the starving hockey market in Quebec City available for the league to pursue.
“And you’d have to think that if Quebec City gets an expansion team, the fee will be higher than the purchase price of the Coyotes, especially if the NHL can create some kind of bidding war for the right to own the team there,” Friedman explains in his article. “What does Seattle relocation + Quebec City expansion + Toronto expansion equal? A billion dollars. And that might be conservative.”
A billion dollars can make a pretty convincing argument to the owners who are in the business of making a profit. Of course, the league still insists that they want to keep the team in Arizona for the long-term. Friedman talked to some of the powers-that-be at the Pebble Beach meetings last month and heard that the chances of the Coyotes staying are about 50/50 at this point.
50/50 isn’t that bad when everything else is considered at this point, is it?
Over the weekend, reports suggested that Toronto and RFA blueliner Frank Corrado were close to agreeing to a new contract.
On Monday, the two sides sealed the deal.
The Leafs announced they signed Corrado to a one-year contract, with Sportsnet reporting it to be a $600,00 pact, of the one-way variety.
Corrado, 23, was scheduled to go to arbitration tomorrow. His ask was $900,000, while the Leafs countered with a $625,000 figure on a two-way deal, and $575,000 on a one-way.
So Toronto was nearly spot-on with its valuation.
The former Canucks draftee took a while to make his Leafs debut last season — he sat 28 games after they claimed him off waivers — but when he did get into the lineup, he fared reasonably well. Corrado finished with a goal and six points in 39 games, averaging 14:27 TOI per game.
This marks the second player Toronto avoided going to arbitration with. Prior to signing Corrado, the Leafs inked center Peter Holland to a one-year, $1.3 million deal.
The Philadelphia Flyers are hoping Brayden Schenn hasn’t finished improving. The former fifth overall draft pick signed a four-year, $20.5 million contract today, after posting career highs in goals (26) and assists (33) in 2015-16.
It took a few years for Schenn, 24, to start justifying his draft position. John Tavares, Victor Hedman, Matt Duchene, and Evander Kane were selected with the first four picks that year. Oliver Ekman-Larsson was taken sixth overall.
So there was pressure.
“I think sometimes when you draft a player top five you tend to think he’s going to develop a little quicker than other guys,” Flyers GM Ron Hextall said Monday, per Flyzette. “When you look at Brayden, has he been a fast developer? I would say probably no. Has he been a slow developer? I would say probably no. He’s probably been average.
“The good thing is he’s gotten better every year and he’s a hard worker. He’s starting to figure out the intricacies of the game. He obviously had his best year to this point so hopefully he continues to build on that.”
Hextall reportedly danced around a question about Schenn being part of the “core” group, so there’s still some proving to be done. The Flyers have already committed long-term to forwards Claude Giroux, Jakub Voracek, and Sean Couturier. Wayne Simmonds and Michael Raffl have three years left on their deals, and Dale Weise signed a four-year agreement on July 1.
As for Schenn, he knows he needs to justify the Flyers’ trust in his ongoing development.
“I feel like I keep getting better and better,” he said. “I expect nothing else next year.”
If the Buffalo Sabres can sign Jimmy Vesey, they may be more willing to trade winger Evander Kane.
That’s what TSN 1040 (Vancouver) radio host Matt Sekeres has been hearing, and what he’s hearing does make a lot of sense.
Kane, whose off-ice issues are once again making headlines, has two years left on his contract before he can become an unrestricted free agent. He plays the same position as Vesey, 23, who’s currently Buffalo property but can sign with any team he chooses on Aug. 15.
Even if the Sabres can’t convince Vesey to join them, Kane could still be traded. GM Tim Murray has already conceded that his patience is wearing thin with the 24-year-old that he acquired from Winnipeg not long ago. Alex Nylander, drafted eighth overall in June, plays the same position as Kane, and Murray has said it’s possible the teenager could make the jump to the NHL next season.
Buffalo, Boston and Toronto have generally been considered the favorites to land Vesey. Chicago and Pittsburgh have also been mentioned.
Related: Cue the Kane-to-Vancouver speculation
The Toronto Maple Leafs won’t require arbitration with forward Peter Holland. They’ve signed the 25-year-old to a one-year deal worth a reported $1.3 million.
Holland had a hearing scheduled for today. Last week, the Leafs sent a message by putting him on waivers, which he cleared.
Holland had nine goals and 18 assists in 65 games last season. With him signed, the Leafs have only defensemen Frank Corrado and Martin Marincin as restricted free agents. Corrado has an arbitration hearing scheduled for tomorrow; Marincin’s is next Tuesday.
Related: Corrado and Leafs aren’t that far apart