The Buffalo Sabres just announced that they re-signed restricted free agent defenseman Marc-Andre Gragnani. The financial terms were not disclosed, but the amount couldn’t have been too high since the Sabres are already almost $4 million over the salary cap ceiling according to Cap Geek.
In a vacuum, it’s great news for the Sabres to re-sign the young offensive blueliner, who was voted the AHL’s defenseman of the year and then made an impact on the NHL-level last season (three points in nine regular season games and then seven points in the team’s seven-game series against the Philadelphia Flyers). Gragnani could be a big part of Buffalo having a much-improved defense next season after they also brought in Christian Ehrhoff and Robyn Regehr.
That being said, the Sabres now face two messes they will need to clean up because of this and other moves. The first is the most obvious: they need to unclog at least $4 million worth of cap space before the 2011-12 season begins. They might bury a salary or two in the AHL* and/or trade away a player or two. Jochen Hecht ($3.525 million cap hit) has been mentioned as a possible trade target because of his cap hit, expiring contract and the notion that he might be an odd man out with all of the team’s new hires.
Buffalo’s challenges extend beyond getting under the cap this summer
With all that focus on the immediate future, the one-year deal also underscores something that might be a problem for the Sabres: next off-season. They could experience some serious restricted free agent headaches in the summer of 2012, especially if Gragnani has a strong full season. Tyler Myers could cost a bundle of money to re-sign and Tyler Ennis is another promising young player who can earn himself some nice dough with a strong 2011-12 campaign.
The good news is that the Sabres will probably be able to keep who they want the most since they have a big chunk of aging players with expiring contracts. Buffalo has almost $50 million committed to 15 players for 2012-13, with some cap relief coming from the expiring contracts of Hecht, Brad Boyes ($4M), Ales Kotalik ($3M) and Paul Gaustad ($2.3M). The problem is that the Sabres’ big spending might force them to put a top-heavy team on the ice if the trio of Myers, Ennis and Gragnani end up breaking the bank.
Ultimately, the Sabres should celebrate the re-signing but also realize that they have a lot of work to do in the next month and then next off-season. It remains to be seen if their big spending will actually be worth it.
* = Hopefully Kotalik didn’t get too excited about playing in Buffalo again …