Why Karl Alzner’s signing proves there won’t be offer sheets for Drew Doughty or Steven Stamkos

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When Washington re-signed Karl Alzner to a two-year, $2.57 million deal the most stunning part of the contract was how cheaply it was and with how few years it came attached with it. Capitals GM George McPhee chalked it up as another cap management victory this summer and those watching things around the league were left amazed for a couple of reasons. Not only was McPhee able to keep one of his young stud defensive stoppers, he was able to do it without outside interference in the form of an offer sheet.

Last year we saw one restricted free agent signed to an offer sheet as Sharks GM Doug Wilson tried to take advantage of the Blackhawks poor salary cap situation by signing Niklas Hjalmarsson to a four-year $14 million offer sheet. The Blackhawks didn’t blink at the Sharks move and matched it before they ultimately parted ways with Antti Niemi. While there were no hard feelings between Wilson and Hawks GM Stan Bowman, it makes us wonder why a similar poaching move wasn’t made on Alzner this summer. After all, the Capitals were up against the salary cap and the seemingly small deal they got Alzner locked up to put them over the cap just slightly by over $800,000.

As it turns out, the Caps and Alzner were never too far apart in what they wanted. Katie Carrera of The Washington Post finds out from Alzner’s agent J.P. Barry that the framework was solid between both sides all along.

Barry explained that the team initially cited comparables in a $1.2 million to $1.4 million range for the second year while he sought something in a higher range closer to $1.9 million to $2 million. They ultimately agreed to $1.75 million for the second year, which was combined with the qualifying offer of $826,895 and then spread out over the duration of the deal, Barry said.

“Our valuation of 1.75 puts him in the higher range of guys who have his experience and play those minutes as a shutdown defensemen, so I’m pleased with that,” Barry said. “At the same time, we’re fully aware that we think Karl has an excellent future and if he continues on this path he’ll be in a whole different class” when this contract expires.

Alzner himself said that there were no other teams that made an offer to him. While that’s stunning to hear as Alzner’s a guy with a bright future to go and still just 22 years-old, it leaves us thinking that anyone hoping that either fellow restricted free agents Drew Doughty of L.A. and Steve Stamkos of Tampa Bay will sign offer sheets will be left disappointed.

While Doughty is waiting around for the Kings to make an offer (they reportedly haven’t made an offer to Doughty since June 23) and Stamkos and the Lightning continue to work things out, you have to wonder where other teams are to try and push those teams with offers that could make them face up to difficult salary cap and roster questions of their own. While the Kings have enough cap space to get Doughty taken care of according to CapGeek.com (about $10 million), Tampa Bay could be in a lot of danger if someone ponied up big for Stamkos.

While the Lightning are still about $15 million off the cap with Teddy Purcell yet to re-sign as well, should a monster offer come through to Stamkos the Lightning undoubtedly would match, but owing a ton of money to three players in Stamkos, Vincent Lecavalier, and Martin St. Louis would make their payroll questions tough ones in the future.

With the possibility of cap roll backs and other new CBA worries next year getting a smart deal done for both players is important for both the Kings and Lightning. For other teams looking to potentially put the screws to them, it’s a missed opportunity that makes you wonder if there’s some kind of collusion going on not to screw each other over with labor peril and new rules to follow on the horizon.

That’s a lofty and nasty allegation, of course, but with prime talent like Doughty and Stamkos there, potentially, for the taking and seemingly no offers coming in for either player it makes you wonder why opposing GMs wouldn’t be huddling with their own capologists to figure something out to land a premiere young NHL star.

The business side of the NHL is obviously not something us couch jockeys are very savvy with, but boiling it all down to seeing two top talents dangling in restricted free agent purgatory belonging to teams with enough cap space to burn to take care of both players and remaining unsigned with no action from other teams is baffling to us.

We’re not sure if that means former Oilers GM Kevin Lowe made it impossible for teams to feel comfortable signing restricted free agents with any tact after his overzealous work in signing Dustin Penner and Thomas Vanek to obscenely large offer sheets in the past, but Doughty and Stamkos are no-brainer superstars and if a team was willing to sacrifice the draft picks necessary to sign them and pay up accordingly with the money, why wouldn’t a team roll the dice and take a shot?

Apparently these days if you’re not going to take a shot at a guy destined to make up to $2 million per season, going after guys set to make up to or more than $7 million a year is an absolute non-starter. After the kinds of stupid money we’ve seen thrown around all summer, it leaves our heads shaking at the insanity of it all around. With this sort of craziness, the only people that are happy about it are Lightning GM Steve Yzerman and Kings GM Dean Lombardi.

Lightning add size with dirt-cheap Maroon deal

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After the Tampa Bay Lightning suffered a humiliating playoff sweep following a historically great regular season, some argued that they were pushed around. That narrative about size only, well, grew when the St. Louis Blues won their first-ever Stanley Cup during the same postseason.

A lot of those size-related arguments were worthy of an eyeroll, but the Lightning beefed up for such a cheap price that it really seems like a no-brainer.

How else would you describe signing Patrick Maroon for one year at the measly cost of $900K?

For Maroon, the decision must come with some mixed feelings.

On one hand, the 31-year-old now has a strong chance to win championships in back-to-back seasons. Even after that sweep at the hands of the Blue Jackets, the Lightning rank as one of the favorites going into 2019-20.

Yet, it has to be frustrating for Maroon. He accepted a cheap one-year, $1.75M contract with the Blues after experiencing a tepid market during the 2018 summer, only to see this happen again.

With just 10 goals and 28 points in 74 regular-season games and a modest seven points in 26 games during the Blues’ Stanley Cup run, it’s clear that Maroon didn’t set the world on fire. Perhaps the Micheal Ferlands of the world were enough for those seeking size?

Maroon is a fine player, mind you, but his struggles to find much free agent interest during the last two years show the limits of any size obsession. It seems like that’s a nice luxury to have, and now the Lightning added a bit of that element.

By landing Maroon for a dirt-cheap price and also bolstering their defense with Kevin Shattenkirk after his Rangers buyout, the Lightning have replaced some of what they’ve lost in saying goodbye to the likes of J.T. Miller and Anton Stralman. This also leaves a reasonable amount of space to work with to re-sign Brayden Point, although the star RFA might not appreciate how much he gets squeezed.

It’s tough not to feel a little bit bad for Maroon, although he’ll probably be happy enough if he’s spending another day with the Stanley Cup next summer — preferably with a little more term and/or money on his next contract.

MORE:
• ProHockeyTalk’s 2019 NHL free agency tracker
• Your 2019-20 NHL on NBC TV schedule

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.

Three fuzzy questions for the Sharks

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Each day in the month of August we’ll be examining a different NHL team — from looking back at last season to discussing a player under pressure to identifying X-factors to asking questions about the future. Today we look at the San Jose Sharks.

Let’s bat around three questions for the Sharks in 2019-20.

1. What’s going on with Joe Thornton?

Every indication is that Thornton is coming back for next season, and that he’ll do so for the Sharks.

But … you know, it’s getting close to September, and he hasn’t signed yet. And Thornton is 40. So it’s fair to wonder until he actually signs on the dotted line for whatever total. Maybe that’s part of the holdup; Cap Friendly estimates the Sharks’ space at about $4.6M with 21 roster spots covered, while Thornton made $5M last season.

With the other Joe (Pavelski) now in Dallas, the Sharks have to hope that Thornton is indeed coming back.

[MORE: 2018-19 Review | Under Pressure | X-factor]

Thornton was impressive last season, managing 51 points in 73 games despite being limited (wisely) to an average ice time of 15:33 per game. His possession stats were outstanding for any age. It’s not only interesting to see if Thornton comes back (and for how much), but also how the Sharks use him. Do they need more from him, or do they keep him at a modified role to preserve the well-traveled veteran?

Actually, that transitions to our second question …

2. Will the veterans avoid the aging curve?

Thornton is the most extreme example of a veteran being asked to play at an advanced age, but with 30 being a point of no return for other players (see: Lucic, Milan), it’s worth wondering if other Sharks can maintain their high levels of play.

Erik Karlsson isn’t quite at that age, but close at 29, and carrying a lot of mileage and pressure. Brent Burns is 34, which is kind of staggering. Logan Couture is also older than some might expect at 30. Martin Jones is 29, Marc-Edouard Vlasic isn’t quite an Olympian any longer at 32, and even Evander Kane is 28.

The Sharks were wise enough to let Joe Pavelski go this summer, which was for the best with their cap constraints, and also he’s in the “somehow” group at 35. Even so, there are quite a few prominent Sharks who could start to decline (or, in some cases, see their abilities plummet … again, see: Milan Lucic). If enough do, this team may be scratching and clawing just to make the playoffs, or worse.

Unless …

3. Can the young guns step up?

Whether Thornton returns or not, Sharks will need more from younger players in a few positions. Pavelski’s gone, as are defensemen Justin Braun and Joakim Ryan.

In some cases, it’s actually easy to see the Sharks making seamless transitions. Timo Meier is a rising star, and he’s done most of his damage without power play time, so expect bigger things with more chances. Tomas Hertl took another step forward as a presence in his own right, while Kevin Labanc seems like a gem, and will have every bit of motivation to cash in after accepting a baffling one-year, $1M contract.

The Sharks will probably need more than just budding stars to confirm their star statuses. They may also need one or more of Dylan Gambrell, Alex True, and Antti Suomela to replace what’s been lost.

They’ll also need head coach Peter DeBoer to tie it all together. Can he integrate younger players, get veterans the right mix between reps and rest, and make it all work enough for the Sharks to remain at a high level, if not climb a bit more? On paper, this looks like a contending team once again, but things can change quickly in the NHL.

MORE:
• ProHockeyTalk’s 2019 NHL free agency tracker
• Your 2019-20 NHL on NBC TV schedule

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.

Erik Karlsson faces big pressure to live up to new contract

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Each day in the month of August we’ll be examining a different NHL team — from looking back at last season to discussing a player under pressure to identifying X-factors to asking questions about the future. Today we look at the San Jose Sharks.

In some ways, the pressure is off Erik Karlsson.

Certainly, he can breathe a sigh of relief after the roller coaster that was last season.

Karlsson had to slug through most of the 2018 offseason surveying the wreckage of the Ottawa Senators, only being traded to the San Jose Sharks in September before the 2018-19 training camp. From there, he had to get used to new teammates and new surroundings, settling into a culture that’s already been established.

Oh yeah, he also had to hope that his body would hold up during a crucial contract year, which was a pretty significant gamble.

Now Karlsson is settled in. His contract is mammoth: eight years, $92 million, which means his AAV is $11.5M. To start, Karlsson receives $11M in a signing bonus, plus another $3.5M in base salary. That money, combined with previous career earnings, means that his children, grandchildren, and great grandchildren, and so on should be taken care of. Karlsson even has a no-movement clause through the full extent of that contract, which runs through 2026-27.

So, from an existential standpoint, the heat is off.

But for a player whose critics have piled up along with his individual trophies, this contract also brings with it an exceptional portion of pressure.

[MORE: 2018-19 Review | Three questions | X-factor]

Karlsson, 29, is at an unclear fork in the road. Was 2018-19 a physical blip on the radar – did he just merely put off surgery, and he’ll be good as new? – or is his body breaking down after all of those years of carrying the Senators, not to mention after suffering injuries freakish enough that Eugene Melnyk wanted to order crime scene investigations? Will Karlsson be hobbled for the rest of his career, or will we at least be treated to a few more runs of Karlsson at his best, which ranks as some of the best work we’ve seen from a modern defenseman?

The Sharks are certainly paying him to play that role.

Karlsson carries the highest cap hit of any defenseman, easily outranking fellow Sharks star defenseman Brent Burns‘ $8M, which isn’t exactly cheap either. The closest comparable is Drew Doughty‘s, who received the same basic deal, only his kicked in a year earlier, at slightly lower rate of $11M.

The Doughty – Karlsson comparisons can be thorny, especially if you play into Doughty’s side, noting the two Stanley Cup rings and low-mistake peak, arguments Doughty hasn’t been shy to lean into himself. Conversely, you could use Doughty’s immense struggles in 2018-19, merely the first year of his current deal, and note that big defenseman contracts can become regrettable almost from day one.

As forward-thinking as the Sharks have been in letting an aging Joe Pavelski walk (and Patrick Marleau before him), San Jose still seems to be in something of a “win-now,” or at least soon, mode.

Burns is, somehow, 34 already. Marc-Edouard Vlasic‘s lost many steps at 32. Logan Couture is 30, and Erik Karlsson himself is 29. As fantastic and in-their-primes as Timo Meier and Tomas Hertl are, the majority of the Sharks’ core players are guys who could hit their aging curves, hard. And maybe soon.

A possibly closing window, and all that money, puts the pressure on Karlsson. If the Sharks fall short, people will probably blame Karlsson much like they blamed Marleau and Joe Thornton back during their peak years with San Jose. Even if it’s really about goaltending.

Karlsson isn’t a stranger to pressure. He was the top guy in Ottawa, and someone whose mistakes were amplified for those who wanted to elevate a Doughty-type Norris usurper. Yet, even during those times, expectations weren’t often all that high for Senators teams — how often were they labeled underdogs? — and Karlsson was a relative bargain at his previous $6.5M cap hit.

Now he’s the most expensive defenseman in the NHL, and only $1M cheaper than Connor McDavid, the highest-paid player in the entire league.

Combine all of those factors, and you’ll see that Karlsson is under serious pressure in 2019-20.

MORE:
• ProHockeyTalk’s 2019 NHL free agency tracker
• Your 2019-20 NHL on NBC TV schedule

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.

Sharks will sink or swim based on goaltending

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Each day in the month of August we’ll be examining a different NHL team — from looking back at last season to discussing a player under pressure to identifying X-factors to asking questions about the future. Today we look at the San Jose Sharks.

Sometimes, when you get a little time and separation from a narrative, you realize that maybe the thing people were obsessed about wasn’t really a big deal.

Well, Martin Jones‘ 2018-19 season doesn’t exactly age like fine wine. The output is far more vinegar.

With Aaron Dell not faring well either, and the Sharks losing a key piece like Joe Pavelski during the offseason, the Sharks’ goaltending is an X-factor for 2019-20. Simply put, as talented as this team is, they might not be able to lug a dismal duo of goalies in the same way once again.

Because, all things considered, it’s surprising that the Sharks got as far as the 2019 Western Conference Final with that goalie duo.

[MORE: 2018-19 Review | Under Pressure | Three questions]

Jones suffered through his first season below a 90 save percentage, managing a terrible .896 mark through 64 regular-season games. The 29-year-old had his moments during the playoffs; unfortunately, most of those moments were bad, as his save percentage barely climbed (.898) over 20 turbulent postseason contests.

The Sharks didn’t get much relief when they brought in their relief pitcher, either. Dell managed worse numbers during the regular season (.886) and playoffs (.861), making you wonder how barren the Sharks’ goalie prospect pipeline could be. After all, it must have been frightening to imagine it getting much worse than those two.

And, as much as people seem to strain to blame Erik Karlsson for any goalies’ woes, it’s pretty tough to pin this on the Sharks’ defense.

About the most generous thing you could say is that the Sharks were close to the middle of the pack when it came to giving up high-danger scoring chances. Otherwise, the Sharks were dominant by virtually all of Natural Stat Trick’s even-strength defensive metrics, allowing the fewest shots against and the fourth lowest scoring chances against, among other impressive numbers.

The Sharks managing to be so stingy while also being a dominant force on offense is a testament to the talent GM Doug Wilson assembled, but again, Pavelski’s departure stands as a reminder that there could be some growing pains, particularly at the start of 2019-20.

With that in mind, the Sharks would sure love to get a few more stops after dealing with the worst team save percentage of last season.

The bad news is that, frankly, Jones hasn’t really stood out (in a good way, at least) as a starting goalie for much of his career. Having $5.75 million per year through 2023-24 invested in Jones is downright alarming when you consider his unimpressive career .912 save percentage, even if you give him some kudos for strong playoff work before 2018-19.

It was easy to forget in the chaos of San Jose’s Game 7 rally against the Golden Knights, but Jones allowing soft goals like these often sank the Sharks as much as any opponent:

The better news is that last season was unusual for Jones.

Consider that, during his three previous seasons as the Sharks’ workhorse from 2015-16 through 2017-18, Jones went 102-68-16 with a far more palatable .915 save percentage. That merely tied Jones for 22nd place among goalies who played at least 50 games during that span, but it tied Jones with the likes of Carey Price and Henrik Lundqvist.

The Sharks had often been accustomed to better play from Dell, too, including a strong rookie year where Dell managed a .931 save percentage during 20 games in 2016-17.

It’s up to Jones and Dell to perform at a higher level in 2019-20, and for head coach Peter DeBoer to determine if there are any structural issues that need fixing.

As powerful as last year’s Sharks could be, next season’s version could have an even higher ceiling if they even get league-average goaltending, making Jones (and their goalies) a big X-factor.

MORE:
• ProHockeyTalk’s 2019 NHL free agency tracker
• Your 2019-20 NHL on NBC TV schedule

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.