Report: NHL nixes trade-buyout-re-sign plan amidst rumors of Leafs-Lecavalier deal

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The NHL has deemed that trading a player, having the acquiring team buy him out and then re-signing him is a form of CBA/salary cap circumvention, according to the New York Post.

As per The Post’s Larry Brooks, the league notified general managers on Monday it was closing the potential loophole, two days before the NHL’s compliance buyout window was set to open (Wednesday, 11 p.m. ET.)

What’s more, Brooks reports one such deal was already on the table:

It is believed the Lightning and Maple Leafs had discussed such a maneuver regarding Vincent Lecavalier, who has seven years and $45 million remaining on his contract, with the buyout thus worth slightly more than $30 million.

The clubs theoretically would have concocted a swap in which Tampa Bay would have sent an asset — perhaps a draft pick — to rolling-in-dough Toronto along with Lecavalier, who would have re-signed a more modest deal with the Lightning after being bought out by the Leafs.

Such a scheme would have saved Tampa Bay’s ownership a substantial sum while easing a cap squeeze for general manager Steve Yzerman, whose club currently faces a charge of $7.727 million per for Lecavalier through 2019-20 and the danger of significant cap-recapture penalties should No. 4 retire while still under contract.

The Leafs would have received an asset while the 33-year-old Lecavalier would at least have been made whole.

Lecavalier has been the subject of buyout talk for a while.

“We understand this is a difficult contract in a difficult cap environment,” Lecavalier’s agent, Kent Hughes, told the Tampa Bay Times of his client’s current deal. “We recognize (a buyout) is within the club’s right. One way or another there will be clarity in the next seven to nine days.”

Earlier this month, the Bolts captain admitted he’s contemplated being bought out.

“It’s obviously something you think about,” he told the Tampa Bay Times. “At the same time, there’s nothing I can do about it.”

It should be noted teams are still allowed to trade players for the sole purpose of the acquiring team buying them out, so long as there’s no plan to re-sign the bought-out player.

The best example of this would be the New York Islanders and Rick DiPietro.

According to CBC’s Elliotte Friedman, Isles GM Garth Snow will reportedly “try to make it worthwhile” for teams to stomach DiPietro’s contract (the buyout would put him on the books until 2029) by possibly taking a bad contract in return, or sending picks and/or prospects.

Panthers didn’t want to trade Crouse, but Bolland contract was ‘strangling’ them

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Interesting note here from Florida head coach Tom Rowe who, last night, watched former Panther prospect Lawson Crouse play in Florida for the first time since being traded to Arizona.

Crouse was the price the Panthers had to pay to unload Dave Bolland‘s contract on the Coyotes last summer. Rowe wasn’t involved with the Bolland signing, but was involved in dumping the contract — he was Florida’s assistant GM at the time the deal went down.

His take, from the Miami Herald:

Florida traded Crouse to the Coyotes last summer as part of a salary cap dump; Arizona took on the final three years and $16.5-million of Dave Bolland’s contract in exchange for a top prospect — in this case, Crouse.

“We got criticized for giving up on a great young prospect but we had to,” Rowe said. “That contract was strangling us, cap-wise. …

“When we traded him, our scouts were furious. I’m not going to lie. But we had to do something and that was trade Lawson. I’m sure, to this day, he’s still sour about it.”

Crouse, who Florida took 11th overall at the 2015 draft, has five goals and 11 points through 64 games this year, averaging 11:50 TOI per night. Those numbers don’t jump off the page, but they do need to be taken in context — Crouse is only 19 years old, and the 10th-youngest player to play in the NHL this season.

Bolland, meanwhile, hasn’t played since December of 2015, due to a variety of back and ankle injuries. His time in Florida was largely forgettable — after scoring the $27.5 million pact, he played just 78 games in a Panthers uniform, scoring 28 points.  It’s widely regarded as the worst deal GM Dale Tallon has made during his time with the organization.

Shortly after taking on his contract, Coyotes GM John Chayka said Bolland wouldn’t be healthy for the “foreseeable future.” The 30-year-old has two years remaining on his deal, at $5.5 million annually.

 

Arizona lawmaker suggests Coyotes pledge more money for new arena

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Arizona Senate President Steve Yarbrough does not expect a piece of legislation to pass that would give the Coyotes millions of dollars in public financing to build a new arena.

That being said, Yarbrough thinks the Coyotes may be able to gain some “traction” if they offer to put in more of their own money.

Under the current plan, the team has pledged $170 million of the arena’s total cost, which is estimated at almost $400 million. The difference would be made up by new sales taxes, plus $55 million from the still-to-be-determined host city.

“If you are getting no traction the way the bill is designed, you could see if the hockey team paid a greater portion,” Yarbrough told the Arizona Republic yesterday. “I have been around this business long enough to know that if it’s not working in this format, you change the format to make it more attractive.”

For their part, the Coyotes have not said whether they’d be willing to pay a greater portion of the project, only that they’ll continue to “work hard to find a viable arena solution in the greater Phoenix area, a market that both the club and the NHL believe is a strong hockey market capable of supporting a successful NHL franchise.”

Related: Bettman says Coyotes “cannot and will not remain in Glendale”

Into the fire: Halak, recalled yesterday, starts for Isles in Pittsburgh

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A little scene setting for you.

New York heads into tonight’s massive game in Pittsburgh sitting two points back of Boston for the final wild card in the Eastern Conference. The Isles have two games in hand on the B’s — who are idle tonight — so a win could move them into a playoff spot.

As such, the Isles will start a goalie that hasn’t played in the NHL in 85 days.

Against the league’s highest-scoring offense.

The goalie in question is Jaroslav Halak, who’s spent the last three months playing for the Isles’ AHL affiliate in Bridgeport. Recalled yesterday, Halak will now face big league competition for the first time since Dec. 29, when he allowed four goals on 24 shots in a loss to Minnesota.

(Afterward, then-head coach Jack Capuano ripped Halak, saying he gave up “some soft goals to start” and “wasn’t sharp at all.”)

But Halak’s been really good in Bridgeport.

He’s posted a 17-7-1 record with a 2.15 GAA and .925 save percentage, and a pair of shutouts. And given how spotty Berube’s play has been as Greiss’ backup, the Isles really had no other choice than to recall Halak.

The club is in the midst of a compacted part of the schedule. Greiss was excellent in Wednesday’s win over the Rangers — stopping 34 of 36 shots in a 3-2 victory — but he was also busy.

The Isles are in Pittsburgh tonight, then host the Bruins on Saturday — another massive game — then host the Preds on Monday. It’s a compact part of the schedule, and Berube’s struggles have rendered him virtually unplayable, given how meaningful the games are (and, to borrow a timeless cliche, how vital points are at this time of the year.)

So it’s Halak tonight, and possibly more down the stretch.

For Tuukka Rask and the Bruins, a ‘bad goal’ at the worst possible time

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The growing ranks of Tuukka Rask detractors gained some serious ammunition during last night’s loss to Tampa Bay.

The deciding goal in the 6-3 defeat was a “bad one,” according to Rask and most anyone else who was watching.

It may have been a hard shot by Jonathan Drouin, unleashed at the top of the circle, but it still should’ve been stopped.

After the game, Bruins coach Bruce Cassidy told reporters that Rask “needed to be better tonight.”

In fact, Rask hasn’t been very good the past few months. Since Jan. 1, his save percentage is just .888. But with nobody trustworthy behind him, he’s had to just play through his struggles.

It’s impossible to say if Rask’s numbers would be better if the Bruins had a more capable backup. He’d be more rested, though. And when he was struggling, the coach would at least have another option to consider. With an .897 save percentage on the season, Anton Khudobin simply hasn’t been reliable enough to garner that consideration.

Don’t expect Rask to get the next game off. Saturday in Brooklyn, the Bruins — losers of four straight in regulation, and suddenly on the verge of falling out of the playoff picture — face the Islanders in arguably the biggest game of both teams’ seasons.