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The Panthers have made a lot of changes and shed a lot of salary

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Dale Tallon continued his summer-long overhaul of the Florida Panthers on Sunday evening when he traded veteran defenseman Jason Demers to the Arizona Coyotes in exchange for forward Jamie McGinn.

It was an exciting addition for the Coyotes and a pretty eye-opening trade for the Panthers.

First, even though he was coming off of a down year in 2016-17, Demers can still be a very good second-pairing defenseman and it creates a pretty big opening on their blue line.

Meanwhile, McGinn probably tops out as a third-or fourth-line winger. Looking at it strictly from a talent and upside perspective the Panthers would seem to be getting the short end of the trade on paper. The only thing it really does do for them is save a lot of salary over the next few years.

That is something has been a theme with a lot of the Panthers’ moves this summer.

Demers is still signed for another four years at a salary cap hit of $4.5 million per season.

The Panthers are retaining 12 percent of that salary and will pay around $575,000 of it per season.

McGinn is signed for two more years at $3.3 million per season.

So while there are only marginal savings for the Panthers in the short-term, once McGinn’s deal is finished (assuming he is not traded before then) the Panthers will shed around $4 million per year in 2019-20 and 2020-21.

That is only the tip of the iceberg when it comes to the Panthers’ changes this past summer.

They decided to part ways with veteran forward Jaromir Jagr and opted not to bring him back after paying him $4 million a season ago. They also bought out the final year of Jussi Jokinen‘s contract, a move that saved them $2.7 million.

Along with losing Jonathan Marchessault — their leading goal-scorer last season — to the Vegas Golden Knights in the expansion draft, they traded veteran forward Reilly Smith to the Golden Knights for a draft pick, dumping his entire five-year, $25 million contract in the process.

In total, five of their top-eight point producers from a year ago (Marchessault, Jagr, Smith, Jokinen, Demers) are now gone.

When you add up the salaries from all of the trades and buyouts it ended up taking $12.45 million in salary off the cap this season alone (and that does not include not re-signing Jagr) with only McGinn’s $3.3 million coming in to replace them.

The Panthers did dip into free agency and replace some of that by paying $6.5 million this season ($4 million to Evgeni Dadonov and $2.5 million to Radim Vrbata), and they do still have a significant portion of their young core, including Aleksander Barkov, Jonathan Huberdeau, Vincent Trocheck, Nick Bjugstad and Aaron Ekblad all signed to long-term deals.

At this moment they have the third smallest cap figure in the league for this season, ahead of only the Coyotes and Carolina Hurricanes.

With Jagr, Jokinen, Demers, Marchessault, and Smith all getting shipped out, with only Dadonov, Vrbata and McGinn coming in it, seems pretty clear management was not only trying to dump some salary, but also shed away a lot of the complementary players that were a part of what was a bitterly disappointing 2016-17 season.

Will it work? That remains to be seen.

(All salary cap information via CapFriendly.com)

Trade: Penguins land Derick Brassard on second try in wild three-team deal (Update)

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There likely won’t be a more wild trade before the deadline than the one that took the better part of Friday to finally be completed.

The Pittsburgh Penguins had Ottawa Senators forward Derick Brassard in their grasp, then lost him, and then snatched him up again.

Penguins defenseman Ian Cole was headed to a bad team, then he wasn’t, and then he was again.

And somehow Ryan Reaves is now with the Vegas Golden Knights and the NHL’s newest team is retaining a bunch of salary.

The first trade: Penguins receive Derick Brassard; Senators get a first-round pick, Ian Cole and intriguing goalie prospect Filip Gustavsson.

This deal was rejected by the NHL for “improper use of salary retention,” so it was back to the drawing board for all involved.

The second (and actual) trade: Penguins receive Derick Brassard; Senators get a first-round pick, Ian Cole and intriguing goalie prospect Filip Gustavsson. This didn’t change.

Penguins also acquire a 2018 third round draft pick and prospect forward Vincent Dunn from the Senators; and they also get prospect forward Tobias Lindberg from the Golden Knights.

Vegas receives Ryan Reaves and a 2018 fourth-rounder (Vancouver’s) from the Penguins and also retains 40 percent of Brassard’s salary.

Why the Penguins made the trade: It’s been no secret that the Penguins have been looking for center help since losing Matt Cullen and Nick Bonino. Brassard fits that bill, and honestly, stands as a nice upgrade.

At 30, Brassard is still at or near his prime. The Penguins get Brassard for two playoff runs, as his $5 million cap hit runs through 2018-19.

Brassard’s quietly enjoyed a strong season in Ottawa, as he has 18 goals and 38 points in 58 games. He’s just one point shy of tying his 2016-17 total, even though that came in 81 contests. The former Rangers forward is battle-tested in the postseason, too.

No doubt about it, this is a contending team being aggressive to try to win a third straight Stanley Cup. Brassard makes an already-impressive offense that much deeper.

The inclusion of Cole helps make the money work for the Penguins, even if it’s worth noting that Pittsburgh still has some questions on defense.

Why the Senators made the trade: The Senators are in liquidation mode, and to start, this trade helps Ottawa get a first-rounder back after giving one up in the Matt Duchene trade. Granted, the Penguins’ first-rounder could be very low – they’d love it to be the 31st selection – but it’s a key return for the rebuilding Sens.

Gustavsson, 19, isn’t just a throw-in, either. He was a second-round pick (55th overall) in the 2016 NHL Draft. With Craig Anderson already 36, the Senators need to look to the future, and Gustavsson has a chance to be a part of the picture in net.

You can argue that Ottawa’s returns aren’t fully documented yet, as they might move Cole for even more futures:

This is also worth noting from a Senators perspective:

Why the Golden Knights made this trade: 

This one deserves a¯_(ツ)_/¯.

Vegas gets some grit in Reaves and a pick, but get roped into 40 percent of Brassard’s salary for some reason or another.

Who won the trade?

Senators fans are unlikely to be happy with the team cleaning house, particularly with players who helped them make a deep playoff run remarkably recently. Still, they’re diving in with a reset, if not a rebuild, and this is a decent return. Getting a bit more for Cole could help, and Gustavsson’s development will play a significant role in how this move is viewed in hindsight.

The Penguins are going for it, as they have been for some time. Brassard fills a serious need, and while defense is an issue for Pittsburgh, Cole found himself as a healthy scratch and obviously on the way out at times.

This is all about the present for Pittsburgh, and it’s easy to justify such a thought process. Let’s not forget that Sidney Crosby, Kris Letang, and Phil Kessel are 30 while Evgeni Malkin is 31. You never know when the championship window might slam shut.

Your excitement regarding the Penguins’ side hinges on how much you like Brassard. Not everyone is blown away by what he brings to the table.

This is an obvious case of two teams going in different directions, and thus looking for very different returns. Which team got the best value out of the deal, though?

It’s worth noting that the Penguins gave up a first-round pick and a prospect last summer to get Reaves.

James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.

Trades fantasy hockey owners should root for

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Trades can really liven things up for a sport, so here’s hoping that the intriguing Michael Grabner to Devils move is the catalyst for a memorable stretch of swaps.

While there’s always the risk that a player will struggle to get acclimated to a new city and new teammates, trades can also provide a boost in fantasy hockey. As we wait for more deals to trickle in, it might be fun to picture changes of scenery. Here are some moves fantasy owners should root for.

[More on the Grabner trade.]

Elephants trotting around the room

Look, asking the Senators to trade Erik Karlsson is asking a lot.

It could be quite a late-season boon for owners who’ve been burned a bit by a season that’s not up to his honestly ridiculous standards. Complaining about a defenseman generating 42 points in 55 games is silly, but considering that Karlsson often goes in the first or second round, and fantasy sports are kind of silly by nature, well …

Anyway, a move to a contender could really help him. Maybe he’d enjoy short-term puck luck (his shooting percentage this season is 3.4 percent, half of his career average of 6.8). Considering his puck dispersal skills, setting up teammates who are likely more skilled and more motivated at this point in the season could really be electric.

Max Pacioretty also stands as interesting.

With a 7.7 shooting percentage, “Patches” is also lacking when it comes to lucky bounces. More than that, it has to be a drain on him to lose so often, particularly in a hockey-obsessed market like Montreal. Being “one of the guys” on a contender could really do him good.

Also, it’s been noted, yet it must be said: Pacioretty’s really never played with a great center. Imagine what he could accomplish with a legitimate No. 1? With his contract expiring after 2018-19, the motivation should be there, too.

Some others worth noting in this category:

  • Evander Kane has dealt with injuries and the frustrating knowledge that he’s never suited up in a playoff game in his career. With an expiring contract at age 26, you could argue that Kane has the most on the line of just about any of the most realistic trade targets in the NHL.
  • On the other end of the spectrum, yet with comparable sniping skills, you have Rick Nash. Much like Pacioretty, Nash is getting his goals now after a prolonged slump. While Kane has never tasted playoff play, Nash surely would like to show that he’s more “clutch” than his critics believe.
  • Mike Green got roasted a bit in this PHT roundtable, but that’s based on real-life play. From a fantasy perspective, Green could be fascinating. That said, he plays a huge role in Detroit, and might actually see a downgrade if traded. So maybe he’s a coin flip?
  • Ryan McDonagh and Oliver Ekman-Larsson are both defensemen who will likely be affected by what happens with Karlsson, as they do too see contracts expire after 2018-19. McDonagh seems more likely to move than OEL, yet both could really thrive on better/more driven teams down the stretch.

[Dion Phaneuf: better in fantasy than reality.]

Lightning round

OK, now onto a handful of names that might not come up much/at all, but would be a lot of fun.

  • Goalies with more fuel in the tank: Sorry, Antti Niemi, but there are better options out there for goalie rentals, even with Petr Mrazek off the market. The Coyotes might want to keep Antti Raanta around, but it would be intriguing to see what he could do for, say, the Hurricanes. Raanta’s save percentage is up to .922 this season. Since 2014-15, Raanta is tied with Carey Price and Corey Crawford for the NHL’s best save percentage at .923.

Raanta would be the gem in my eyes. Still, there are some other interesting considerations. Would the Sabres trade sneaky-good Robin Lehner? Could Jaroslav Halak help someone if the Islanders decided they’ve had enough?

  • I’ve stated that the Coyotes would likely lose if they traded Max Domi. Domi’s fantasy owners and new team could enjoy modest-to-significant gains, however.
  • This is more tangential: Jeff Carter might be nearing a return. With that in mind, the Kings might actually be a more beneficial landing pad for a player than maybe they’d seem. It sounds like they’re happy to get Tobias Rieder, though.
  • As always, root for the Oilers to trade skilled players (note: they’re saying they are leaning toward tweaks this time, for what it’s worth). You may very well see that player burn them for making such a move, possibly right away.

James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.

Canadian defenseman sorry for removing medal during ceremony

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GANGNEUNG, South Korea (AP) — Canadian defenseman Jocelyne Larocque apologized Friday for taking off her silver medal almost immediately after it was placed around her neck at the Pyeongchang Olympics.

Larocque, a two-time Olympian, then held onto the medal during the medal ceremony following the United States’ 3-2 shootout victory over Canada on Thursday. Canada had won the previous four gold medals in women’s hockey.

She issued a statement through Team Canada apologizing to the IOC, International Ice Hockey Federation, the Pyeongchang Olympic Organizing Committee, the Canadian Olympic Committee, Hockey Canada and her teammates and fans. She says she meant no disrespect but her emotions took over.

”Please understand this was a moment in time that I truly wish I could take back,” Larocque said. ”I take seriously being a role model to young girls and representing our country. My actions did not demonstrate the values our team, myself and my family live and for that I am truly sorry.”

Melody Davidson, general manager of Canada’s national team programs, said she talked to Larocque, who did not mean to be disrespectful.

”She is very remorseful and takes responsibility for her error,” Davidson said. ”Emotions run high at the Olympic Games, and never more so than in a gold-medal game, but at all times we expect our program to act professionally and demonstrate sound sportsmanship. I would like to congratulate the United States on their victory.”

Josh Bailey uses career season to cash in with $30 million extension

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The New York Islanders announced on Friday that they’ve extended one of their most productive forwards.

No, not John Tavares, but rather one of his wingers, Josh Bailey, who inked a six-year deal to stay with the only NHL organization he’s known.

“Josh has become one of the core members of the New York Islanders,” said Islanders president and general manager Garth Snow in a statement. “He has developed within our system for several years and it’s exciting to see him mature into the player we always had confidence he would become. To come into the past few seasons and see Josh set new career highs each year, has been impressive and we’re excited to see him continue to do that with the organization as we move forward.”

Per TSN’s Bob McKenzie, Bailey’s deal is worth $30 million, meaning he’ll carry a $5 million cap hit through the 2023-24 season.

Bailey, 28, in the middle of career year, is third on the Islanders in scoring with 62 points and is second on the team in assists with 47. He does lead them in power play points with 28. A first-round pick in 2008, he probably could have earned a bit more on the open market if he went to unrestricted free agency this summer, but he was clearly willing to take less to stay on Long Island with his family.

This deal could have an affect on what Tavares, who can become a UFA on July 1, decides over the next few months. Bailey has been a regular linemate for the Islanders captain for the last several years and now knowing that he’s locked up until at least 2024 should be good news in the sense of some familiarity going forward. (It must also be nice for Tavares to see one of his wingers being kept after watching Matt Moulson, Thomas Vanek and Kyle Okposo leave through trades/free agency.)

There are a couple of other pending UFA and restricted free agents for Snow to deal with this summer like Brock Nelson, Calvin de Haan and Ryan Pulock, but obviously Tavares is of primary concern. This deal could go a long way to keeping the captain with the organization.

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.