Race to the salary floor: Four teams still have cash to spend to compete

By Joe YerdonJul 22, 2011, 8:31 PM EDT

While we’ve been busy taking a look at the cap room a handful of teams will have next year and the lack of cap room others have, there’s still a few more teams that have a lot of money left to spend so that they too can compete this year. Four teams are still under the NHL salary floor of $48.3 million and with most, if not all, of the prime free agent targets signed these teams could be facing a bit of a bind.

Who are those four? CapGeek.com has us covered in knowing who they are and how much they’ve got left to spend. We’ll take a look at each team’s scenario and just what they’ve got left to do to cover the rest of their payroll bill to play next season.

New York Islanders

The Isles have over $9 million left to spend to get to the salary floor. CapGeek lists the Islanders as having just over $39 million committed to next season’s payroll and for a team that’s got most of their roster set for next season, that’s a bit of an issue. To help chip away at that daunting amount, the Islanders have four restricted free agents left to sign. Josh Bailey and Blake Comeau will get a decent pay day once they’re signed to new deals but Micheal Haley won’t get paid much at all and likely ends up in the AHL. Jesse Joensuu has already departed to play in Sweden.

Making things more fun for the Islanders is the talk of bringing back former captain and major buyout victim Alexei Yashin. Yashin is reportedly being offered a deal around $2 million but the stunning part about that is he’s already being paid $2.2 million by the Islanders for the next four years thanks to being bought out back in 2007. Whoops.

If Yashin is signed by the Islanders again, he’ll be double dipping on the team and still unlikely to help them reach the salary floor. That is unless they offered him a contract similar to the one that got the Isles in so much trouble the last time around. Of course, if things play out like that they’ll have to completely rebuild the Nassau Coliseum really fast after hordes of angry Isles fans burn it to the ground.

If the Isles can acquire a defenseman worth a couple million in a deal and get Bailey and Comeau re-signed to improved deals and bring in Yashin, they’ll get closer to the $48.3 million they need to reach the floor. Finding another team to deal with for a defenseman might be tricky and the isles seem unlikely as an option to bring back newly unrestricted free agent Chris Campoli. It’s never a dull moment on the Island.

Nashville Predators

Nashville’s situation can get figured out really fast and really easily. The Predators payroll is sitting at $41.2 million, just over $7 million from the salary floor and they’ve got one really big restricted free agent left to get signed in captain Shea Weber. Weber is one of the top defensemen in the NHL and more than worthy of a big raise and a long term deal with the Preds.

Weber should get a contract somewhere in the range of $6 million-$7 million per year against the cap and with that coupled up with potentially Ryan Ellis making the Predators roster and bringing his entry level deal worth over $1.4 million against the cap the Predators are shaping up just fine to be in compliance with the floor.

The key is getting Weber’s deal done and while the Preds are a frugal team that doesn’t break the bank for anyone, doing so for Weber makes a lot of sense. He’s their best player, the team captain, and he loves playing in Nashville. While the Preds may have headaches next season dealing with Ryan Suter and Pekka Rinne, it’s not as if they’re pushed up against the cap. Time to “get ‘er done” in Nashville.

Colorado Avalanche

The Avalanche aren’t too far off from getting things done. Colorado’s payroll is at $45.4 million putting them about $2.8 million off from reaching the salary floor. The Avalanche have just one restricted free agent left to get signed in defenseman Kyle Cumiskey. Cumiskey’s potential deal likely won’t pay him enough to get the Avs to the floor but there’s another guy waiting in the wings that could solve all of Colorado’s problems.

2011 first round pick Gabriel Landeskog is a distinct possibility to make the team in his first year out of junior hockey and should he do that, his first-year entry-level contract will come with a cap hit of over $3 million as the second overall pick in the draft. The trick there is that Colorado still has to sign him to it and then he’ll have to make the team out of training camp. If he does that, the Avs salary floor worries are all taken care of and the addition of Cumiskey’s deal will push them over the floor limit.

Phoenix Coyotes

Phoenix doesn’t have much to do to get over the salary floor. With a payroll currently at $47.8 million, the Coyotes only have just over $430,000 left to spend to break the barrier. With restricted free agents Kyle Turris and Mikkel Boedker left to get signed, it’s mathematical that the Coyotes will get over the salary floor. Even if somehow both Turris and Boedker signed contracts worth the league minimum they’d go flying past the salary floor and into compliance.

As it is, the Coyotes will be looking to Turris to have the breakout season they’ve been waiting on since drafting him third overall in 2007. Turris has had his ups and downs in Dave Tippett’s system in Phoenix and being rushed to the NHL under Wayne Gretzky’s watch in 2007-2008 did him no favors. Boedker similarly could use a breakout year as well and he too has struggled under Tippett’s watch. They’ll get paid, but they may not be long for the desert if things don’t pick up.

Vegas Golden Knights come back to beat Florida Panthers in Game 1 of Stanley Cup Final

Associated PressJun 4, 2023, 12:40 AM EDT

Stephen R. Sylvanie-USA TODAY Sports

LAS VEGAS – Back in the Stanley Cup Final for the first time in five years and trailing the Florida Panthers less than 10 minutes into Game 1, the Vegas Golden Knights sent a very clear message.

“We were ready,” Jonathan Marchessault said.

Ready and dominant. Vegas rallied from an early deficit, got the go-ahead goal from Zach Whitecloud with just over 13 minutes left and arguably the best save of the playoffs from Adin Hill and beat Florida 5-2 Saturday night to take the lead in the best-of-seven series.

“We kept out composure, and it was good,” said Marchessault, one of six original Knights players left from the start of the franchise in 2017 who scored the tying goal in the first period. “We just wanted to play the right way and be disciplined, and tonight we were able to be the better team.”

Whitecloud put Vegas ahead, a crucial penalty kill followed and captain Mark Stone scored an insurance goal that was reviewed for a high stick and confirmed. Reilly Smith sealed it with an empty-netter to make the score look more lopsided than the game.

The combination of that offense and Hill’s 33 saves put Vegas up after a feisty opener between Sun Belt teams who wasted little time getting acquainted with big hits during play and plenty of post-whistle pushing and shoving.

“It’s exactly what we expected,” said Vegas defenseman Shea Theodore, who scored his first goal of the playoffs and ended a 27-game drought dating to March 7. “That’s how they wanted to play. We were just trying not to play into it.”

That stuff is just beginning. Game 2 is Monday in Las Vegas.

Before the Panthers even get a chance to respond, they ratcheted up the physical play late after falling behind by two. A handful of penalties resulting from a fracas with 4:24 remaining left the Florida bench well short.

The outcome was determined long before that.

After falling behind on a short-handed goal by Eric Staal that sucked the life out of the crowd of 18,432, the Golden Knights rallied for their ninth comeback win this playoffs. Marchessault – known since arriving in Las Vegas for scoring big goals – answered before the end of the first period.

Early in the second, Hill made a desperation stick save to rob Nick Cousins of what would have been a sure goal. The save was reminiscent of the one Washington’s Braden Holtby made against Vegas – in the same crease – five years ago.

“That’s an unreal save – it’s a game-changer,” coach Bruce Cassidy said. “You need those saves at key moments.”

Giving up a tying goal to Anthony Duclair with 10.2 seconds left in the second did not slow the Golden Knights’ momentum much. Whitecloud’s goal, with two-time Vezina Trophy-winning goaltender Sergei Bobrovsky screened and unable to see, fired up fans once again.

Bobrovsky, in the final for the first time, downplayed any reason for concern after stopping 29 of 34 shots and losing for just the second time in 12 games this postseason.

“I played a good game,” Bobrovsky said. “I played a solid game. They created some good chances other than goals. They had lots of good scoring chances, and that was fun.”

Part of the fun came when play was stopped.

Less than 10 minutes in, Hill was none too happy about Nick Cousins crashing into his crease and gave the agitating Panthers winger a jab that incited a handful of scrums. During the second period, Matthew Tkachuk let Vegas’ Nic Hague know he wasn’t thrilled about a hit in the corner on Cousins and a collision with Brandon Montour after the whistle.

“If guys are going to come in my crease and try to push me around, I’m going to stand my own ground,” Hill said. “I’m not going to do anything too crazy or get too wild, but, yeah, I’ve got to stand up for myself.”

Florida coach Paul Maurice, back in the final for the first time since 2001, displayed a similarly calm demeanor as he did all the way back in the first round, when his team fell behind 1-0 then 3-1 to NHL-best Boston before winning in seven.

“It’s going to be tight,” Maurice said. “Everybody breathe.”

The Golden Knights are in the final for the second time in six years of existence, five years after making it in their inaugural season. Vegas won the opener in 2018 and lost the series to Washington in five games.

The Panthers are back playing for the Cup for the first time since 1996. Florida got swept by Colorado in that final 27 years ago, 18 months before Tkachuk, the team’s leading scorer this playoffs, was born.

It’s the 66th different matchup of teams in the Cup final in NHL history and the 46th since the expansion era began in 1967-68. This is the first time since Washington-Vegas and just the third time since the turn of the century in which the final features two teams who have never won the league’s championship.

Penguins name former Maple Leafs GM Kyle Dubas as director of hockey operations

Associated PressJun 1, 2023, 2:21 PM EDT

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PITTSBURGH (AP) Kyle Dubas wanted to take a breath and take a break after being fired as the general manager of the Toronto Maple Leafs.

Then the Pittsburgh Penguins called.

The break ended shortly thereafter.

Dubas joined the Penguins as the team’s president of hockey operations, less than two weeks after a somewhat ugly exit from Toronto following a second-round playoff loss to Florida.

The 37-year-old Dubas goes from one type of hockey crucible to another. In Toronto, he was tasked with helping the Maple Leafs emerge from two decades of postseason futility. In Pittsburgh, his mission will be to prop open the Stanley Cup window for Sidney Crosby, Evgeni Malkin and Kris Letang a little longer.

All three are 35 or older and haven’t won a playoff series since 2018. Yet Dubas believes strongly the issue isn’t the age of the franchise’s core but deficiencies elsewhere on the roster. Dubas replaces Brian Burke, who was fired along with general manager Ron Hextall in April after the Penguins failed to reach the playoffs for the first time since 2006.

“I heard a lot of people that were highly skeptical of the team’s ability to contend here and the way I view it, if the people want to bet against (Crosby, Letang and Malkin) they can go ahead and do so,” Dubas said. “But I’m going to bet on them and go with them here. I think it is a group that’s capable of contending to win a championship.”

Crosby and Malkin were excellent for much of last season and Letang showed remarkable resiliency while dealing with multiple setbacks, including a stroke and the death of his father. Yet save for a 14-2-2 stretch in November and December, the Penguins struggled to find consistency and ultimately stumbled down the stretch to snap the longest active playoff streak in major North American Sports.

While the Penguins do have $20 million in cap space and the 14th overall pick in this month’s NHL draft, significant changes or upgrades could be difficult in the short term.

Dubas inherits a team that was the oldest in the NHL last season and is littered with question marks, particularly in goal and the forward group outside of Crosby, Malkin and Jake Guentzel.

Two-time All-Star goaltender Tristan Jarry will become a free agent this summer and was beset by injuries over the second half of the season. Forward Jason Zucker, who served as the emotional sparkplug for long stretches, is also scheduled to hit the open market and may have priced himself out of town.

Pittsburgh also has several aging players with full or partial no-movement clauses, including 38-year-old forward Jeff Carter, 30-year-old Bryan Rust and 35-year-old defenseman Jeff Petry.

“I think that those are obviously very real situations, everyone knows that they exist,” Dubas said. “To me the effect on it … is what we can add in terms of depth pieces? What we can add in terms of younger players? That’ll be the real key.”

Dubas does plan to hire a general manager to fill the vacancy created when Hextall was let go after a short but largely unfruitful tenure. Dubas will serve as the GM on an interim basis until early July.

Dubas comes to Pittsburgh after nine seasons with the Maple Leafs, including the last five as general manager. Toronto won a postseason series for the first time since 2004 this spring before falling to the Florida Panthers in the Eastern Conference semifinals in five games.

Shortly after the Maple Leafs’ playoff exit, Dubas said that he wasn’t sure if he wanted to remain in Toronto. His contract was set to expire on June 30, but team president Kyle Shanahan opted to pre-emptively fire Dubas instead. Toronto hired former Calgary Flames general manager Brad Treliving as Dubas’ replacement.

Dubas helped build the Maple Leafs into a regular-season power during his tenure. Toronto set single-season records for wins and points, and went 221-109-42 in his tenure. Dubas also didn’t shy away from big moves – he fired Stanley Cup-winning coach Mike Babcock in November 2019 and replaced him with Sheldon Keefe – but struggled to find the right mix in the playoffs until this spring.

In the end, advancing beyond the first round for the first time since 2004 wasn’t enough for Dubas to remain in Toronto.

He joked he was maybe a little “too honest” during his season-ending press conference with the Maple Leafs when he expressed reservations about returning. Shanahan’s abrupt decision to move on came as a bit of a surprise, and Dubas planned to take some time to hit the reset button before looking for another job.

Yet the Penguins – who’d already been given clearance by the Maple Leafs to interview Dubas – provided a compelling reason to speed up the timetable. Dubas’ due diligence included speaking to Crosby and longtime coach Mike Sullivan to take the pulse of a leadership group that remains firmly in place.

Dubas called them “some of the best competitors” in hockey. Competitors that have – for one reason or another – been unable to recapture the magic of their runs to back-to-back Cups in 2016 and 2017.

Time is running out for Crosby to put his name on the Cup for a fourth time in a career that will almost certainly end in the Hall of Fame. Dubas knows he’ll be judged in part on whether he can make that happen. After taking more than six weeks of searching before landing on Dubas, Fenway Sports Group Chairman Tom Werner believes Dubas is up to the challenge.

“Our philosophy is giving Kyle and his associates the best possible resources to win,” Werner said. “Kyle’s been very articulate today about his path to success … we’re very confident that Kyle will execute the plan he’s articulated to us.”

Seattle Kraken sign GM Ron Francis to 3-year extension through 2026-27 season

Associated PressJun 1, 2023, 11:55 AM EDT

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SEATTLE — Ron Francis was initially approached about extending his stay as the general manager of the Seattle Kraken back in the winter, but putting finality to the decision took longer than expected.

The Kraken kept winning and pushed what was mostly a formality to a secondary need until after Seattle’s unexpected playoff run finally ended.

“At that point it was kind of verbally done, just kind of a few little small details. And then we get into the playoffs and busy and it kind of got put on the back burner and I didn’t want it to be a distraction with the team and where they were at,” Francis said.

That finality came when the Kraken announced Francis had signed a three-year extension through the 2026-27 season. Francis originally signed a five-year deal when he became the first GM in franchise history back in 2019 and the new contract will kick in starting with the 2024-25 season.

“I’ll never forget the day that he said, ‘Yes, I’m ready to do this,’” Kraken CEO Tod Leiweke said. “But today is another great day for our fans because not only did he come and build, he is going to stay here and continue to build this franchise.”

Seattle reached the second round of the NHL playoffs in its second year of existence, following a challenging first year where it underachieved and was among the worst teams in the league.

But Francis navigated through that difficult first season and helped land the pieces that turned Seattle into a playoff team in the second year without mortgaging future opportunities or putting the Kraken into challenging salary cap situations.

“He has been the leader that’s gotten us to where we are today. And he is the leader to take us to the next level,” Seattle co-owner Samantha Holloway said.

Seattle is the second stop for Francis as an executive after spending seven seasons in the front office of the Carolina Hurricanes. Francis started as director of hockey operations before becoming the general manager in 2014. Francis was let go by the Hurricanes after the 2018 season.

Seattle jumped at the chance to bring the Hall of Fame player in to lead the front office. Seattle’s expansion season was a major underachievement with the Kraken going 27-49-6 and finishing last in the Pacific Division with 60 points. But Francis was able to move veteran players to stockpile draft picks and left enough salary cap room to make some key moves entering the second season.

Seattle signed free agent forward Andre Burakovksy, traded for winger Oliver Bjorkstrand and inserted rookie Matty Beniers into the lineup on Seattle’s top line from the first day of the season. The results on the ice couldn’t be argued. Seattle went 46-28-8 and reached 100 points, knocked off defending Stanley Cup champion Colorado in the first round of the playoffs before falling to Dallas in seven games in the conference semifinals.

“It’s been a real team effort. I’m sitting up here today and they’re saying good things about me, but it’s a much bigger picture than just me,” Francis said. “I’m excited to be here for a few more years and hopefully everybody’s opinion doesn’t change, but we’re going to stick to the plan and continue building it the right way so we can be a great franchise for multiple years.”

Francis also stuck with coach Dave Hakstol after that difficult first season. He may be the next in line for a contract extension from the team after a season where he was recognized as a finalist for the Jack Adams Award for top coach in the league.

Maple Leafs hire Brad Treliving as team’s new general manager

Associated PressMay 31, 2023, 4:00 PM EDT

Sergei Belski-USA TODAY Sports

TORONTO — Brad Treliving has a new job.

And the Maple Leafs have a new plan.

Treliving was hired as Toronto’s general manager less than two weeks after firing Kyle Dubas.

The 53-year-old Treliving left the Calgary Flames in April following nine seasons that included five playoff appearances and two 100-point seasons.

“Brad brings a wealth of knowledge from his years of experience as a general manager and hockey executive in Calgary, Arizona and beyond,” Leafs president Brendan Shanahan said in a statement. “He has earned tremendous respect amongst his peers throughout his years in the NHL and has built excellent relationships at all levels within the game.”

Treliving joins the Leafs at a crucial juncture in the wake of Shanahan’s stunning dismissal of Dubas on May 19.

The Original Six franchise, whose Stanley Cup drought stands at 56 years, won a playoff series for the first time in nearly two decades with a victory over the Tampa Bay Lightning this spring, but then lost to the Eastern Conference champion Florida Panthers in five games.

Dubas, who had been Toronto’s GM since 2018 and didn’t have a contract beyond June 30, suggested at an end of season news conference May 15 he wasn’t sure he wanted to remain in the role – at least in part because of the stress on his young family.

A roller coaster five days followed, with Shanahan ultimately firing the 37-year-old Dubas despite previously wanting to keep his GM, and the now-unemployed executive eventually indicating to his boss he wished to stay.

Treliving is the third GM – joining Dubas and Hall of Famer Lou Lamoriello – hired in Toronto by Shanahan, whose so-called “Shanaplan” aimed at getting the storied franchise back on its feet when he came on board in 2014 has seen unparalleled regular-season success, but just that one series victory in eight attempts.

“I’m thrilled to join an Original Six team and recognize how much the Maple Leafs mean to this community,” Treliving said. “This is a very exciting day for my family and I.”

Treliving has a lot to deal with as he settles into his new office at Scotiabank Arena.

Treliving, who served in the Phoenix Coyotes’ front office for seven seasons before arriving in Calgary, will have to decide the future of head coach Sheldon Keefe, while stars Auston Matthews and William Nylander can sign contract extensions as of July 1.

Matthews and Mitch Marner have full no-movement clauses ready to kick in the same day. Nylander will have a 10-team list.

The NHL draft is also set for the end of June in Nashville, Tennessee, while the Leafs have 12 roster players primed to hit free agency at noon EDT on July 1.

The Flames, who missed the playoffs this season, won the Pacific Division in 2021-22 under Treliving before falling to the Edmonton Oilers in the second round.

Johnny Gaudreau then stunned the organization by leaving Calgary for the Columbus Blue Jackets in free agency last summer. Fellow star forward Matthew Tkachuk added another wrinkle by informing the team he didn’t plan to re-sign.

Treliving subsequently dealt the winger to Florida as part of a package that included forward Jonathan Huberdeau and defenseman MacKenzie Weegar heading to southern Alberta.

Huberdeau then signed an eight-year, $84 million contract extension with the Flames that kicks in next season.

Tkachuk, a Conn Smythe Trophy candidate as playoff MVP, and the Panthers open the Cup Final against the Vegas Golden Knights.

Despite the departures of Gaudreau and Tkachuk, the Flames looked like contenders ahead of the 2022-23 season.

The acquisition of Huberdeau and the signing of center Nazem Kadri was expected to fill the void left by Gaudreau and Tkachuk, but the mix wasn’t right for a group led by hard-nosed coach Darryl Sutter.

Huberdeau and Kadri finished well off their career-high points totals of the previous season – the former went from 115 with Florida to 55 in Calgary – while subpar goaltending was an issue much of the season.

Treliving now turns his attention to Toronto.

Just like last summer, he has lots of work to do.