2014 NHL Stanley Cup Final - Game Five

Brad Richards: ‘I loved being a Ranger’

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When it comes to player buyouts, it’s easy to get lost in the numbers and forget the human side of the transaction. Brad Richards was cooperative with the New York Rangers as they exercised their compliance buyout on him today, but that doesn’t mean it was easy for him.

“Tough last few days … I loved being a Ranger and living in New York and playing at MSG in front of great fans,” Richards said. “I’ve met many new friends, excellent teammates and staff and I have memories that I will cherish for a lifetime.”

It’s clear that the 34-year-old forward feels wistful about his involuntary exit from the Big Apple, but it sounds like he at least went out on a high note, as he told the New York Post after a stunning double-overtime loss to end the 2014 Stanley Cup Final.

“It’s definitely worth it — worth every second of these two months,” Richards said on June 14.

When you look at things from a cold, calculated cap sense, it seemed simple to state that the Rangers needed to part ways with a player whose effectiveness simply hasn’t matched his cap hit in the last season or two. Most glaringly, Richards only managed two assists in his last 10 playoff games with the Rangers. Considering his largely offense-only role and costly contract, it’s a no-brainer on paper.

GM Glen Sather was the one who had to pull the trigger, however, and it didn’t sound like a pleasant decision.

“This was an extremely difficult decision to make because of how much respect I have for him.” Sather said. ” … Brad’s leadership and guidance for our young players was invaluable to the organization.”

Would the Rangers have been more willing to stomach his $6.667 million cap hit if his contract expired in a season or two instead of after the 2019-20 season? One can only speculate, yet the very long-term, risky deal that lured Richards to New York ended up being the main reason he only lasted through a third of the pact.

For more on the cap implications and specifics of the buyout, click here.

Coyotes’ defensive makeover continues with Luke Schenn signing

SAN JOSE, CA - APRIL 20:  Luke Schenn #52 of the Los Angeles Kings in action against the San Jose Sharks in Game Four of the Western Conference First Round during the NHL 2016 Stanley Cup Playoffs at SAP Center on April 20, 2016 in San Jose, California.  (Photo by Ezra Shaw/Getty Images)
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While Brayden Schenn hopes to hammer out a favorable deal with the Philadelphia Flyers, his brother Luke Schenn inked a two-year contract with the Arizona Coyotes on Saturday.

Arizona didn’t confirm these details, but the cap hit looks to be $1.25 million, according to reporters including Sportsnet’s Elliotte Friedman.

“We are very pleased to sign Luke to a two-year contract,” New Coyotes GM John Chayka said. “He’s a good, young defenseman and we feel we can optimize his performance here. He will be a solid addition to our blue line.”

Chayka is making some significant changes to the Coyotes’ blueline, even if Oliver Ekman-Larsson is still the star of that group.

The Coyotes traded for and then signed Alex Goligoski. They possibly grabbed a falling star in the draft, too, as they selected Jacob Chychrun. Adding Schenn might not be the last move, either.

Schenn isn’t necessarily an analytics darling, but a two-year, $2.5 million deal is reasonable even with some flaws. This contract seems even more reasonable when you consider the five-year, $18 million deal that just expired.

Report: Maple Leafs, Holland are about $1M apart

TORONTO, ON - APRIL 11: Peter Holland #24 of the Toronto Maple Leafs skates up the ice during NHL action against the Montreal Canadiens at the Air Canada Centre April 11, 2015 in Toronto, Ontario, Canada.  (Photo by Abelimages/Getty Images)
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Peter Holland‘s submitted salary request for arbitration is reportedly more than double what the Toronto Maple Leafs proposed.

With that in mind, Monday’s pending hearing serves as a challenging deadline.

Holland’s asking for $2.1 million in 2016-17 while Toronto is offering $900K, according to Sportsnet’s Elliotte Friedman.

This comes a day after the Maple Leafs placed Holland on waivers, advancing the argument that he’d be worthy of a two-way deal. He cleared waivers today.

Granted, the Globe & Mail’s James Mirtle wonders if Holland would clear waivers under normal circumstances:

Holland is a solid player, generating 27 points in 65 games with Toronto last season. He’s a nice enough piece, but with the Maple Leafs in rebuild mode, they’re not exactly anxious to pay supporting cast members more than necessary.

With such a context in mind, it should be intriguing to see how much either side will budge.

At the moment, the Maple Leafs seem to hold the advantage.

Report: Flyers, Schenn disagree on money, term with arbitration looming

PHILADELPHIA, PA - SEPTEMBER 22:  Brayden Schenn #10 of the Philadelphia Flyers celebrates his goal in the second period against the New York Rangers on April 7, 2015 at the Wells Fargo Center in Philadelphia, Pennsylvania.  (Photo by Elsa/Getty Images)
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It sounds like the Philadelphia Flyers have some work to do if they hope to avoid an arbitration hearing with Brayden Schenn.

The session would take place on Monday, so the clock is ticking.

While the differences in opinion aren’t outright enormous, the Flyers still need to clean up their cap situation, so every $1 million counts. That – plus the length of a deal – seem to be the issue for the 24-year-old forward and the Flyers, according to Sportsnet’s Elliotte Friedman:

With the Flyers aiming for a two-year agreement while Schenn just wants one, it’s not quite as simple as merely saying “split the difference.”

Then again, that general logic could prove helpful. Perhaps the best path to a deal would be for the Flyers to edge closer to $5.5 million while convincing Schenn to sign for two years rather than one?

Of course, the Flyers could also offer Schenn more security in exchange for giving up some UFA years:

The physical forward really started to show why he was the fifth pick of the 2009 NHL Draft last season, setting career-highs in goals (26), assists (33) and points (59).

He’s coming off of a two-year, $5 million contract, so Schenn can take heart in realizing he’s heading toward a healthy raise even if he doesn’t get everything he’s asking for.

Wild, Schroeder settle on two-way deal

UNIONDALE, NY - MARCH 24: Jordan Schroeder #10 of the Minnesota Wild skates against the New York Islanders at the Nassau Veterans Memorial Coliseum on March 24, 2015 in Uniondale, New York. The Wild defeated teh Islanders 2-1 in the shootout.  (Photo by Bruce Bennett/Getty Images)
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Jordan Schroeder might be a depth player for the Minnesota Wild – at least when he’s with the big club – yet his situation provided a decent dollop of drama.

The two sides avoided salary arbitration by settling on a deal on Saturday, but not before the Wild “sent a message” by putting him on waivers.

That message was received, as Schroeder’s one-year contract is a two-way deal.

CBC’s Tim Wharnsby has the details regarding how the salary works out:

Schroeder has 107 regular season games under his belt, yet he’s played more games with the Iowa Wild than the Minnesota Wild since joining the organization.

He might not like it, but a two-way deal makes sense considering his standing with the team.

Granted, there’s the outside chance he’ll flourish under Bruce Boudreau; Schroeder is still just 25 and was the 22nd pick of the 2009 NHL Draft.

If he unexpectedly blossoms, he’d have a lot more leverage next time around.