NEW YORK, NY - JUNE 11: Mike Richards #10 of the Los Angeles Kings and Brad Richards #19 of the New York Rangers battle for the puck during the second period of Game Four of the 2014 NHL Stanley Cup Final at Madison Square Garden on June 11, 2014 in New York, New York.

Compliance buyout process begins Monday

27 Comments

The unrestricted free agent market won’t open until July 1, but some big names could be available sooner. That’s because the window for exercising teams’ remaining compliance buyouts will start Monday and run through June 30, per CSN Washington.

Compliance buyouts are a special option that teams were granted as part of the new CBA to help them cope with the fact that the new agreement was lowering the cap. Each franchise was allowed to buy out the contracts of up to two players over the summers of 2013 and 2014 without suffering any cap penalty.

That led to players like Vincent Lecavalier, Daniel Briere, and Mikhail Grabovski becoming free agents last summer. In total, 18 players were bought out, per Cap Geek.

For some teams, this summer’s compliance buyout window represents their last chance to safely get out of long-term contracts that could hurt them down the road, especially given the recapture penalty that punishes teams when players signed to long-term, heavily front-loaded deals retire with years remaining.

One prime example of that is New York Rangers forward Brad Richards, who is 34 years old and comes with a $6,666,667 annually cap hit through 2019-20. Los Angeles Kings forward Mike Richards might find himself in the same boat as his role has diminished despite the fact that he’ll cost $5.75 million annually against the cap through 2019-20.

Not all the compliance buyouts will be on big names though. It seems likely that Detroit will buy out the contract of Jordin Tootoo while San Jose’s Martin Havlat and Buffalo’s Ville Leino will also probably be wearing new uniforms in 2014-15.

It’s worth noting that while these buyouts don’t count against the cap, those players will still receive two-thirds of what was owed, with the payments spread out over double the remaining length of his contract. For example, the Flyers are also paying bought out goaltender Ilya Bryzgalov roughly $1.6 million annually through 2026-27 in addition to consistently spending to the cap.

So while compliance buyouts are a helpful tool for teams to utilize, they also require that owners make a financial sacrifice.

Report: Wheat Kings’ McCrimmon likely to be named Las Vegas assistant GM

Brandon Wheat Kings v Kelowna Rockets
Getty Images
Leave a comment

The Las Vegas NHL franchise has been in search of an assistant general manager, and that search may be nearing an end.

According to a report from Guy Flaming of The Pipeline Show on TSN 1260, Brandon Wheat Kings owner, GM and coach Kelly McCrimmon is likely to be named assistant GM in Las Vegas.

The report was backed up on Friday from Elliotte Friedman of Sportsnet.

Last summer, McCrimmon turned down a job with the Toronto Maple Leafs front office.

It was reported last week that Vegas general manager George McPhee had asked the Washington Capitals for permission to speak with that team’s assistant GM Ross Mahoney.

Canucks’ Rodin says he’s ‘not 100 percent but getting close’ after freak knee injury

EURO HOCKEY TOUR SWE-CZE
AP Photo
Leave a comment

Anton Rodin will be among a lengthy list of right wingers looking to compete for a roster spot with the Vancouver Canucks for next season.

Originally selected by the Canucks in 2009, and after having gone back to play professionally in Sweden, where he began to light it up offensively, Rodin signed with Vancouver for one year, and one way at $950,000. He’s listed as a right winger, but has a left shot and could perhaps help the Canucks find some scoring, which was a major problem for them during a dreadful 2015-16 campaign.

General manager Jim Benning, in speaking with The Province newspaper, has already compared Rodin’s style to that of Canucks’ forward Sven Baertschi.

However, he’s still working back from a knee injury that interrupted his 2015-16 season, in which he had 37 points in 33 games for Brynas.

From Sportsnet:

Over the past couple of seasons Rodin found a new level in the SHL and was particularly dominant this season. Wearing a captain’s “C” on his sweater, Rodin was leading the league in scoring by a wide margin before sustaining a gruesome knee ligament tear during a mid-January practice.

That injury sidelined Rodin for the balance of Brynas’ season, but it wasn’t enough to stop him from winning the Guldhjälmen – quite literally “the gold helmet” – which is an MVP award voted on by SHL players, similar to the NHL’s Ted Lindsay Award.

As per News 1130 Sports in Vancouver on Friday, the 25-year-old Rodin will arrive in town next week to have his knee checked out.

Avalanche, Tyson Barrie have arbitration hearing, could still reach a deal before ruling

DENVER, CO - OCTOBER 08:  Tyson Barrie #4 of the Colorado Avalanche skates against the Minnesota Wild at Pepsi Center on October 8, 2015 in Denver, Colorado. The Wild defeated the Avalanche 5-4.  (Photo by Doug Pensinger/Getty Images)
Getty Images
Leave a comment

So far, scheduled arbitration hearings around the NHL have been avoided — until Friday.

The Colorado Avalanche and defenseman Tyson Barrie went ahead with the player-elected arbitration hearing on Friday, however, the two sides can still reach a new deal before a decision from arbitrator Elizabeth Neumeier must be provided within 48 hours of the hearing.

Here is what was separating the two sides heading into the hearing, as per Elliotte Friedman of Sportsnet:

Last season, the 25-year-old Barrie, who brings an offensive style to Colorado’s blue line, tied his single-season career high in goals with 13. He also had 49 points, which is four shy of his single-season career high from 2014-15.

He also just wrapped up his two-year deal, which came with an average annual value of $2.6 million.

Given his numbers and the position he plays, Barrie is in for a substantial raise. Exactly what dollar figure that comes to has yet to be determined.

From the Denver Post:

The arbitration hearing could get bruising, with the Barrie camp citing his offensive numbers and arguing that as a terrific skater and puckhandler, he is among the top offensive defensemen in the league; but with the Avalanche countering that as an undersized defenseman, he has deficiencies in the Colorado end.

The Avalanche have the option of walking away from the arbitrator’s ruling, but that could make Barrie, a right-shot blue liner, an unrestricted free agent.

Barrie has also been the subject of trade speculation, but Avalanche GM Joe Sakic has already said the Avs are not trading Barrie.

“I’d like to do a long-term deal with Tyson. If that doesn’t work out, it’s expected he’ll go to arbitration,” Sakic told the Denver Post last month. “Either way, he’ll be here.”

Related: Barrie’s agent says no lingering issues with Avs from O’Reilly situation

NHL to arbitrate co-owner’s case against Predators

NASHVILLE, TN - APRIL 11:  NHL Commissioner Gary Bettmann attends Game One of the Western Conference Quarterfinals between the Nashville Predators and the Detroit Red Wings during the 2012 NHL Stanley Cup Playoffs at the Bridgestone Arena on April 11, 2012 in Nashville, Tennessee.  (Photo by Frederick Breedon/Getty Images)
Getty Images
1 Comment

NASHVILLE, Tenn. (AP) A judge has ruled against a co-owner of the Nashville Predators in his bid to keep his lawsuit against the franchise in a Tennessee court and allowed the case to go back to the NHL for arbitration.

According to online court records, Chancellor Ellen Hobbs Lyle issued her ruling Friday after hearing arguments July 20. But her ruling dismissing David Freeman’s request for a stay of arbitration had not been posted as of Friday afternoon. At least parts of the order likely will be sealed or redacted.

The Tennessean first reported the ruling.

The former Predators chairman and Commodore Trust sued Predators Holdings LLC and current team chairman Tom Cigarran on June 23 seeking $250 million in damages for his original 48 percent stake in the team being diluted.

Related: Predators’ messy legal battle may go to arbitration with NHL