League and union reach agreement on escrow

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The NHL and NHLPA have come to an agreement on…(holds breath)…escrow.

You’re probably super eager to learn all details, so without further ado, here’s the shared statement from the league and union:

The NHL and the NHLPA have reached a settlement of their dispute over 2010-11 Hockey Related Revenue (HRR). The return of Escrow monies to the Players and Revenue Sharing payments to the Clubs were on hold while these matters were being resolved.  The Players’ Association and the League have also reached an agreement about how some of the disputed HRR issues will be addressed for this season (2011-12).

The disbursement of Escrow and Revenue Sharing monies will occur in the coming weeks.

In a related story, Shane O’Brien just ordered a round of shooters.

The dispute between the two parties reportedly centered around the $25 million the City of Glendale paid to the NHL last season to cover the losses of the league-owned Phoenix Coyotes. The union wanted the payment counted as hockey-related revenue (the players receive 57 percent of HRR); the NHL didn’t.

It’s not clear how the league and union came to an agreement. Perhaps they flipped a coin or had a winner-take-all game of Boggle. Maybe they just comprised.

Anyway, according to ESPN’s Pierre LeBrun, the players will end up earning 97 percent of last season’s contracts.

Brandon Sutter didn’t have the greatest preseason

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When Brandon Sutter was acquired by the Vancouver Canucks, GM Jim Benning called the 26-year-old a “foundation piece for our group going forward.”

Sutter was quickly signed to a five-year extension worth almost $22 million, more evidence of how highly management thought of the player.

Fast forward to yesterday, when Benning was asked the following question:

“What does it say that you made the trade for Sutter, you called him a ‘foundation’ player, and it took him until the final night of the preseason to find a spot (with the Sedins) on the wing, which isn’t his natural position?”

Here was Benning’s response:

“Well, [head coach Willie Desjardins] wants to try that out, he thinks that’s going to be a good fit. At various times, the Sedins played with wingers with speed, with [Ryan Kesler], who could get in on the forecheck and had a good shot. Sutter brings some of those qualities, too.”

While all that may be true, Sutter was not signed to play the wing; he was brought in to play center, specifically on the second line. He finished the preseason with zero points in five games. And as mentioned, he’ll start the season on the wing, not his natural position.

Meanwhile, youngsters Bo Horvat, 20, and Jared McCann, 19, had outstanding camps and are expected to start the regular season (tonight in Calgary) centering the second and third lines, respectively.

Though Sutter did finish the preseason with 12 shots on goal, up there with the most on the Canucks, it’s fair to say he did not look like a “foundation” player.

“I haven’t seen him play his best,” Desjardins said last week. “I see a guy who’s big and a good skater and who understands the game real well, but just hasn’t got that involved.”

Now, we are only talking about the preseason here. New players often take time to get comfortable. Perhaps playing with the Sedins can provide Sutter with some confidence.

“I know he’ll be there and I totally believe that,” said Desjardins.

But it hasn’t been the best start, and if it wasn’t for the encouraging play of the youngsters, it would be a far bigger story in Vancouver.

Related: Canucks roll the dice on rookies, waive Vey and Corrado

Detroit waives Cleary

Daniel Cleary

Dan Cleary‘s time as a Red Wing could soon be over.

Detroit placed the veteran forward on waivers Wednesday afternoon, per TSN. The move comes after Cleary signed a one-year, one-way deal worth $950,000 just weeks before training camp, then proceeded to play in four of Detroit’s exhibition contests, scoring two points.

It’ll be interesting to see what happens now.

At 36, Cleary doesn’t have much left in the tank and is coming off a year in which he played just 17 games. But as we noted back in the summer, this seems to all be part of a larger plan.

From the Free Press:

A situation that bears the handprint of former coach Mike Babcock has put the Wings in the position of being honor-bound to keep Cleary, 36, aboard, even as he is coming off a season that saw him play just 17 games, producing two points.

This debacle began two years ago. The Wings had offered Cleary a three-year, $6.25-million contract before he became unrestricted July 1. He declined. The Wings then signed Stephen Weiss and Daniel Alfredsson, leaving little space under the salary cap. Then Cleary didn’t sign with anyone. September rolled around. The Flyers offered Cleary a three-year deal for $8.25 million, but Cleary then decided he wanted to stay in Detroit.

He ended up flying to Traverse City, where the Wings already had begun training camp. He met in a hangar with Holland and Babcock. Holland pointed to a near maxed-out budget. Babcock pushed hard for Cleary to be signed. What resulted was a one-year, $1.75-million deal with the understanding the Wings would take into consideration what Cleary left on the Flyers table.

After playing out that $1.75 million deal, Cleary re-signed in Detroit last summer to a one-year, $1.5 million pact — so, essentially, the Wings are now in final year of an unspoken three-year agreement that’s (sorta) aimed at repaying what got left on the table in Philly.

Got all that?

If Cleary gets through waivers, the Wings could send him to AHL Grand Rapids. Since he signed a one-way deal, he’d get his money regardless.

There’s also the option of Babcock and the Leafs claiming Cleary off waivers — a scenario that, as unlikely as it sounds, has already made the rounds on social media.