Pens GM Rutherford tells pending UFAs to explore free agency

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The Pittsburgh Penguins had the luxury of bringing a good chunk of their 2016 Stanley Cup Championship team back in 2017.

Despite being tight for cap space, the strategy obviously worked out, as they became the first team in the salary cap era to win back-to-back championships.

But things will probably be a little different this off-season. The Penguins have a few more key pieces that need new contracts, including restricted free agents like Conor Sheary, Justin Schultz and Brian Dumoulin.

General manager Jim Rutherford also has to find a way to re-sign unrestricted free agents like Nick Bonino, Trevor Daley, Chris Kunitz and possibly Ron Hainsey. The issue for Rutherford, is that they only have $14.9 million in cap space (that could change if Marc-Andre Fleury gets picked in the expansion draft).

So instead of negotiating new deals with his UFAs, Rutherford has told them to explore free agency on July 1st. Once they see what their market value is, they can come back and negotiate with the Pens.

“If you want to come back to Pittsburgh, we’re going to keep the door open for everybody,” Rutherford told the Pittsburgh Post-Gazette. “At that point in time, I’ll have a better understanding as to how we can fit certain guys in. We won’t be able to fit everybody in, but how can we fit certain guys in? Can we get to the market value of what these players can get to go somewhere else, or get close enough to it that they’re going to still come back to Pittsburgh?”

There’s a chance they could see their depth down the middle take a considerable hit this off-season. Sure, they’ll still have Sidney Crosby and Evgeni Malkin, but Nick Bonino can walk in free agency, while Matt Cullen may just decide to retire. Both players played a significant role in Pittsburgh’s two Stanley Cup victories.

It’ll be interesting to see how they line up next fall.

Blockbuster: Rangers send Stepan, Raanta to Coyotes for No. 7 pick, DeAngelo

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Just when you thought Stan Bowman was the busiest man at draft weekend, John Chayka upped the ante.

Just minutes after acquiring Niklas Hjalmarsson from the ‘Hawks, Chayka went out and acquired veteran Rangers center Derek Stepan — along with netminder Antti Raanta — in exchange for the No. 7 overall pick at tonight’s draft, and young d-man Anthony DeAngelo.

The trade was first broken by TSN’s Darren Dreger, later confirmed by fellow TSNer Bob McKenzie.

Phew.

In Stepan the Coyotes get a massive upgrade at the center position, which was bereft of talent for all of last season. It’s why Arizona had been tied to Stepan for most of this week. The 27-year-old has consistently been able to go beyond the 50-point plateau, with 17 goals and 55 points last season, and will certainly be a boost to Arizona’s crop of talented young forwards.

Stepan’s entering the third year of a six-year, $39 million contract that comes with an annual cap hit of $6.5 million. And, importantly, the Rangers moved him prior to his no-trade clause kicking in next season. The money freed up by trading Stepan could be used in free agency to land, say, defenseman Kevin Shattenkirk.

As for the other part of this deal, the Coyotes could also have their starting netminder of the future in Raanta, now that Mike Smith has been shipped off to Calgary. Raanta has been one of the league’s best backups working behind Henrik Lundqvist in New York, and a new No. 2 goalie is probably on the Rangers’ revised shopping list.

This trade also gives New York a pair of first-rounders this evening — the Rangers already held the No. 21 overall selection — which is important, given GM Jeff Gorton is without second- and third-round picks. They Blueshirts also received a good puck mover in DeAngelo, a former first-round pick himself.

DeAngelo, 21, made his NHL debut last year and scored 14 points in 39 games. He’s been described as a skilled offensive defenseman, but one with a history of disciplinary issues. That continued last year in Arizona, when he was suspended three games for abuse of an official.

More to follow…

 

Chicago Fire: ‘Hawks re-acquire Saad, send Panarin to Columbus as massive shakeup continues

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Stan Bowman has made good on his promise for big changes in Chicago.

Just minutes after sending longtime defenseman Niklas Hjalmarsson to Arizona, Bowman got the band back together by re-acquiring former ‘Hawk Brandon Saad, who he traded to Columbus two years ago.

Per Sportsnet, the Blue Jackets will receive Artemi Panarin in exchange. Right now it’s unclear if any other pieces are involved in the deal, though earlier the ‘Hawks were reportedly looking to move up to the No. 7 pick in tonight’s draft, a pick Arizona currently holds.

UPDATE: Per TSN’s Pierre LeBrun, Chicago will also get goalie Anton Forsberg and Columbus’ fifth-round pick in 2018. Columbus will get Tyler Motte and Chicago’s sixth-round pick this year.

Saad left Chicago shortly after the 2015 Stanley Cup win, in a deal that landed the ‘Hawks Artem Aninisov and a handful of others. The 24-year-old has since gone on to score 31 and 24 goals in his two years with the Blue Jackets.

Immediately after Saad left, Panarin joined the ‘Hawks and immediately stepped in as a frontline contributor. He’s posted back-to-back 30-goal campaigns — capturing the Calder as the NHL’s top rookie in 2016 — and has been a dynamic offensive player, often alongside Patrick Kane.

As for the money involved, both carry identical $6 million hits. Big difference is that Saad’s locked in through 2021, whereas Panarin is eligible to be a UFA in 2019. So there’s certainly more cost certainty for Bowman with this trade.

More to follow…

After helping ‘change the culture,’ Greene’s Kings career ends with buyout

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The Los Angeles Kings made it official on Friday and bought out the remaining years of defenseman Matt Greene‘s contract.

Greene spent nine years as a member of the Kings, winning two Stanley Cups with the team in 2011-12 and 2013-14.

In a statement announcing the move, team president Luc Robitaille spoke about Greene’s impact on the organization and how he helped change the team’s culture as soon as he arrived.

“Matt has made incredible contributions to our hockey club and we are very grateful for everything he has done since joining our organization including his outstanding leadership,” said Robitaille.

“Upon his arrival to Los Angeles he played a significant role in helping change the culture of the Kings and his contributions to our two Stanley Cups in particular is immeasurable.”

Injuries have completely decimated Greene’s career in recent years, limiting him to just 154 games over the past five seasons.

The buyout will cost the Kings a salary cap hit of $833,333 for the 2017-18 and 2018-19 seasons.

Trade: Chicago sends Hjalmarsson to Coyotes for Murphy, Dauphin

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One of the key pieces of Chicago’s three Stanley Cup championships is on the move.

Blueliner Niklas Hjalmarsson, who’s spent his entire 10-year career with the Blackhawks, has been dealt to Arizona in exchange for fellow defenseman Connor Murphy, and prospect Laurent Dauphin.

Hjalmarsson, 30, has been a staple of the Chicago defense for quite some time. He’s durable, having only missed 11 games over the last four seasons, and has earned his reputation as a reliable top-four defensive defenseman.

As for the financials, Hjalmarsson has two years remaining on a five-year, $20.5 million deal with a $4.1M average annual cap hit. It’s worth noting he has a modified no-trade clause, in which he had to submit a 10-team trade list.

Murphy, 24, just wrapped the first of a six-year, $23.1 million deal with a $3.85M hit. That he was moved has to come as some surprise, given he signed a lengthy extension just last summer and, at the time, GM John Chayka said Murphy was “a guy we think can be part of our leadership group for a long time moving forward.”

Murphy appeared in 77 games for the Coyotes last year, scoring 17 points. It’s probably worth noting his TOI actually decreased after signing his extension, from 20:30 in ’15-16 to just 19:11 last year.

Dauphin, 22, was the 39th overall pick in 2013. He split last year between Arizona and AHL Tucson, and was a good scorer at the minor league level (28 points in 38 games).