On the Mike Cammalleri trade speculation

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A couple of things made us write about this today.

First, there’s the player, and the team he’s on. Mike Cammalleri has nine goals in 14 games, and that’s pretty good. But the Flames are not good. At 7-11-3, they’re all but out of the playoff race in the Western Conference, and they’ve still got a lot of rebuilding to go. As in, multiple years of rebuilding.

Cammalleri, 31, is a pending unrestricted free agent. He’s said he’s “open” to signing an extension, but does he fit into the club’s plans?

Speaking of which, here’s ESPN’s Pierre LeBrun with the second reason we’re writing about Cammalleri today:

The Flames have massive cap space with the 27th-ranked payroll, and unlike most of the few other teams with cap space Calgary has the financial muscle to use it.

So the hope with the Flames is that at some point some cap-strung contenders are going to come calling with an offer to help alleviate their issues. That’s when the Flames want to jump at their chance. Can they glean a first-round pick or a top prospect in exchange for helping to fix another team’s cap issues via picking up an anchor contract?

Last night, TSN’s Craig Button wondered if the Canucks might have an interest in Cammalleri. Certainly Vancouver could use another scoring winger. The question is, would general manager Mike Gillis give up a first-round pick or top prospect to make it happen? Another question: would the Flames consider taking David Booth’s contract and possibly using a compliance buyout on it this summer? We’re not so sure on either point, even if Gillis does happen to be Cammalleri’s former agent. But Vancouver’s just one team. There are plenty of other potential suitors.

Bottom line: Cammalleri’s cap hit is a big $6 million, and that kind of contract won’t be a cinch to move with so many teams right up against the upper limit. But let’s not forget the Flames could eat half of that $6 million to facilitate a trade. They’d just need another team to make it worth their while.

Related: Cammalleri won’t engage in ‘soap opera’ trade talks

Lightning re-sign journeyman forward Conacher

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Cory Conacher has turned an impressive Calder Cup Playoffs run into a two-year contract with the Tampa Bay Lightning.

Per the club, it’s a one-way deal in the first season and a two-way deal in the second, paying $650,000 annually at the NHL level.

Conacher, 27, had 12 goals and 16 assists in 22 playoff games as the Syracuse Crunch made it all the way to the 2017 Calder Cup Final.

The undrafted and undersized forward was also productive during the regular season, racking up 60 points (17G, 43A) in 56 games for the Crunch and four points (1G, 3A) in 11 games for the Lightning.

Conacher has been quite the traveler in recent years, making numerous stops in both NHL and AHL markets. He spent the 2015-16 season in Switzerland, before returning to North America to sign with the Bolts last summer.

Sens keep Condon with three-year, $7.2 million extension

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Ottawa was thrilled with the way Mike Condon played last year.

And so, they’ve rewarded him.

Condon has signed a three-year, $7.2 million extension, the club announced on Monday. It carries a $2.4 million average annual cap hit, and makes him the only Sens goalie under contract beyond next season. Both Craig Anderson and Andrew Hammond are UFAs in 2018.

Condon, 27, found stability in Ottawa after a whirlwind start to the year. He was waived by Montreal out of training camp and picked up by Pittsburgh, but only saw 20 minutes of action before the Sens acquired him.

His acquisition was necessary after news broke that Anderson’s wife, Nicholle, had been diagnosed with cancer. And as Anderson took leaves from the team to be with his wife, Condon got plenty of opportunities to play, and found his groove.

His first season in Ottawa featured several team records, including playing in a franchise-best 27 consecutive games between Dec. 1, 2016, and Feb. 4, 2017. He became the fastest goaltender in franchise history to record five shutouts, when he did so in his 32nd game on Feb. 16 versus the New Jersey Devils.

That performance led some to speculate Condon would test the market this summer, possibly for a No. 1 gig somewhere — or, the opportunity to compete for one.

That said, he and the Sens had started extension talks all the way back in February, suggesting both parties wanted to continue working together.

This means that another potential UFA goalie is now off the market. With reports that Ryan Miller is on his way to Anaheim, the pool of available guys is now led by Brian Elliott, Steve Mason, Jonathan Bernier, Chad Johnson, Anders Nilsson, Darcy Kuemper and Ondrej Pavelec.

Rangers reportedly on verge of re-signing Brendan Smith

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The New York Rangers are “close to finalizing” a contract extension with defenseman Brendan Smith, according to TSN’s Bob McKenzie.

The deal is expected to be four years long with a cap hit of $4.35 million.

Smith, 28, was traded from Detroit on Feb. 28, and the Rangers clearly liked what they saw.

In the playoffs, Smith played all 12 games, averaging 19:41 of ice time while adding four assists and finishing a team-high plus-8.

It remains to be seen if signing Smith makes it less likely that the Rangers pursue Kevin Shattenkirk in free agency.

Don’t forget the Blueshirts got Anthony DeAngelo in the Derek Stepan trade, and DeAngelo’s game is quite similar to Shattenkirk’s — albeit far less proven at the NHL level.

Related: Smith, Rangers still talking

Report: Kings land Sabres goalie prospect Petersen

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Sounds like Cal Petersen is headed to Los Angeles.

Per LA Kings Insider, Petersen — the star Notre Dame goalie taken by Buffalo at the 2013 draft — has decided to sign with the Kings when he becomes an unrestricted free agent on Aug. 16.

The decision comes just days after Petersen told the Sabres he wouldn’t be signing with them.

“I’ve spoken to Cal. At this time I think he’s going to probably move to free agency and we’ll go from there,” GM Jason Botterill said, per the Buffalo News. “Disappointed, but we’ll move on.”

Petersen, 22, is coming off a great junior year for the Fighting Irish. He went 23-12-5 with a .926 save percentage and 2.22 GAA, helping the club advance to the Frozen Four. Petersen was also named a finalist for this year’s Mike Richter Award, given annually to college hockey’s top goalie.

In April, he was named to the U.S. team at the World Hockey Championships in France and Germany. He was one of three goalies on the squad — along with Connor Hellebuyck and Jimmy Howard — but didn’t appear in any games.

In late May, Petersen announced he was forgoing his senior year at Notre Dame to turn pro, but declined to say which club he would be signing with. Buffalo’s rights to Petersen expire on Aug. 15.

With the Kings, Petersen finds himself in a good situation. Jonathan Quick is entrenched as the No. 1, but turns 32 next season and missed most of last year with a groin injury. The backup battle will be between 30-year-old Jeff Zatkoff and 25-year-old Jack Campbell.

Organizationally, the club doesn’t have a ton of depth. L.A. cut ties with Czech goalie Patrik Bartosak following his assault charges in a domestic violence case in 2015. Jack Flinn, 21, saw a bit of time with AHL Ontario last year, and the club has used draft picks on the likes of Alec Dillon and Matthew Villalta.