Tag: no-trade clause

Rick Nash

Rick Nash would waive his no-trade clause if Blue Jackets wanted to move him


If you thought the possibility of the Ducks dealing any of their big three could get your attention, then the chance that Rick Nash could be had as well should have you on the edge of your seat.

Nash tells Aaron Portzline of The Columbus Dispatch that if the Blue Jackets were looking to improve the team and thought that trading him would do the trick, Nash wouldn’t stop them from doing it.

“The city of Columbus deserves a winner and deserves a good product on the ice. If it comes to that — like you said, all speculation — but if they don’t want me here, they want to move me? I’m not going to do something where it’s going to hurt the franchise just because I have that in my contract.”

If Nash keeps talking like that, they’ll build a statue of him by the time his career is over. Whether that’s in Columbus or not depends on what’s going through GM Scott Howson’s head.

There’s little doubt that the Blue Jackets could command a king’s ransom for Nash. He’s a potentially dominating left wing and if put in a situation where he’s got a legit playmaker he’s the sort of player that can swing the balance of power in a playoff race.

The possibility of a seller’s market that includes guys like Bobby Ryan, Ryan Getzlaf, and Corey Perry along with Nash has the fantasy GM in all of us losing our minds at the thought.

Blue Jackets give R.J. Umberger a surprising five-year, $23M extension

R.J. Umberger

For a franchise with zero playoff wins and one postseason appearance in its history, the Columbus Blue Jackets are showing a lot of urgency in keeping the band together. If GM Scott Howson’s job depends on this season’s results as many expect, then his current run of moves would handcuff a hypothetical incoming general manager anyway.

R.J. Umberger is the latest example of keeping more than just the core together, as Howson handed him a surprising five-year, $23 million extension today. The former Philadelphia Flyers forward will register a $4.6 million annual cap hit starting next season. Aaron Portzline reports that the first two seasons (2012-13 and 13-14) include a no-trade clause while the final three carry a modified one.

The salary breakdown is simple:

2012-13: $5 million
Four other seasons: $4.5 million

The Blue Jackets’ roster is now riddled with long-term contracts – and it’s not just obvious players such as franchise winger Rick Nash and newly acquired center Jeff Carter. Here’s a quick look at the team’s big commitments, with their salary cap hits and the season that their contracts expire.

Nash: $7.8 million cap hit, expires 2017-18
Carter: $5.27M, 21-22
Umberger: $4.7M, 16-17
Antoine Vermette: $3.75M, 14-15
James Wisniewski: $5.5M, 16-17
Marc Methot: $3M, 14-15
Fedor Tyutin: $2.84M, 17-18

There are some reasonable values in that grouping – and it’s not as if there is nothing to like about Umberger’s game – but it’s still a risky plan for a team that hasn’t proven anything. On the bright side, the 29-year-old forward is a consistent producer (three straight seasons of 23 goals or more, with two consecutive campaigns of 55+ points) and he can play at both center and wing.

The thing is, when you hand a guy a lengthy deal (and no-trade clause) at that price, there’s probably an expectation for even better things. I’m not sure how much more the Blue Jackets can expect from Umberger, so why couldn’t they get a better bargain for him in exchange for the considerable amount of security he just gained?

Honestly, it’s a head-scratching decision, but it at least accomplishes the task of showing the team’s confidence in their current setup. We’ll find out soon enough if that confidence is justified or ill-advised.

Report: Brad Richards will OK a trade to one team – the New York Rangers

Brad Richards,  Patrick Sharp
1 Comment

While Bryan McCabe’s trade value isn’t in the same ballpark (stratosphere?) as Brad Richards, they have at least one thing in common: both players would only waive their no-trade clauses for the New York Rangers. (At least if Darren Dreger’s “guess” regarding Richards’ preference is correct.*)

In the case of McCabe, that must have limited his trade value, as the Florida Panthers were only able to acquire Tim Kennedy and a third round pick in the deal. Reports indicate that the Dallas Stars are still asking for too much in exchange for Richards, making the trade possibility “less than .500.”

Much like the New York Knicks’ courtship of Carmelo Anthony during the NBA’s trade deadline, the big question is: if Richards wants to play in New York, then why give up a bunch now when they can grab him in free agency without losing any roster assets?

We’ll definitely keep you updated regarding all the big (and most of the small) trade news from today’s frenzy, which might or might not include a big Richards trade.

* – Obviously, it makes sense that Richards might want to play in the fishbowl of New York City with a coach he knows in John Tortorella. I’m a little surprised that he might not include the Tampa Bay Lightning too from a familiarity standpoint, even if Richards might not fit into Steve Yzerman’s vision from a cap perspective.

J.S. Giguere is willing to waive his no-trade clause … but who would even want him?

Toronto Maple Leafs v Phoenix Coyotes

Much like he did last season when the Anaheim Ducks traded him to his current team, the Toronto Maple Leafs, Jean-Sebastien Giguere told Kevin McGran of the Toronto Star that he might be willing to waive his no-trade clause if Leafs GM Brian Burke asked him.

Giguere certainly has name recognition on his side, with a Conn Smythe during one magical run to the 2003 Stanley Cup finals and a ring from the 2006-07 championship.

But the bottom line is that the soon-to-be unrestricted free agent’s value might just be at an all-time low. He’s been plagued by injuries and inconsistent play over the last few years as Jonas Hiller and Jonas Gustavsson usurped him in Anaheim and Toronto.

That’s not the worst part of it, though, as Giguere’s boasts a big salary this season ($7 million) and a large cap hit ($6 million). That makes the prospects of him being traded much bleaker, especially considering the fact that Tomas Vokoun brings a similar expiring contract to the table ($6.3 million salary, $5.7 million cap hit) while he’s playing better hockey.

Yet that’s really the only one way the Leafs could sell a Giguere trade: the fact that he possesses an expiring contract. Perhaps a team will want to move a troubling long-term contract (maybe Brian Campbell’s $7.1 million albatross in Chicago or Sheldon Souray’s $5.4 million cap hit in Edmonton’s system, for instance?) and also give Giguere a chance to redeem himself in the playoffs or at the end of the season.

Of course, the flip side of that is Burke would need to be comfortable with the return. Sadly, the pattern of big, desperate (and expensive) moves would indicate that such a deal might be a ridiculous possibility, but the Leafs would be better off allowing Giguere’s $6 million cap hit turn into space they can use to shoot for unrestricted free agents. I hear there’s this Brad Richards fellow who is supposed to be pretty good at hockey, after all …