The Blackhawks know all about being in salary cap hell.
Following their Stanley Cup win in 2010, the club was forced to trade away a number of key contributors — Dustin Byfuglien, Andrew Ladd, Kris Versteeg — as there just wasn’t enough money to go around.
Now it seems a similar situation — albeit less hellish — could be unfolding. The ‘Hawks currently sit $2.2 million over the salary cap for next season and, even after they get that number down prior to the season starting in October, they’ll face additional money concerns moving forward.
Why? The ‘Hawks made history last month by making Jonathan Toews and Patrick Kane the first $10 million hits in the cap era. The financial breakdown, per CapGeek:
As you can see, it’s a substantial financial commitment. And Chicago has more than a few of those.
Hefty deals are already in place for Corey Crawford ($6 million annually), Brent Seabrook ($5.8), Duncan Keith ($5.5), Marian Hossa ($5.275) and, of course, Patrick Sharp, who’ll pull in $5.9 million until 2017. The problem for Chicago GM Stan Bowman, though, is what’s on the horizon — the club will have just 15 players under contract for $65 million in 2015-16, and there are some big negotiations down the road. Brandon Saad, a budding star in his own right, will need a new deal after next season; same goes for versatile center Marcus Kruger and offensive defenseman Nick Leddy — all of whom are currently 24 or younger and represent a good part of the club’s future.
So, back to Sharp.
His name first surfaced as a potential trade target prior to the July 1 free agent frenzy, and we discussed the possibility of him moving to the offensively-challenged Panthers (as part of the popular Chicago-to-Florida pipeline). Florida aside, it stands to reason a number of teams would be interested in his services — at 32, he’s coming off arguably his finest individual campaign, notching a career-best 78 points while helping Canada win gold at the Winter Olympics in Sochi.
Sharp’s also a goalscorer, and that alone makes him a prized commodity. He’s cracked 30 in each of his last three full seasons with Chicago and has been a pretty solid playoff contributor, leading the team with 10 goals en route to the ’13 Stanley Cup. Natural scorers are hard to come by; there were only 21 guys in the NHL last year to score 30 goals or more.
That, really, is why Sharp’s name came up in discussions. Of the “expendable” assets Chicago has, he’s probably more alluring than Hossa because 1) he’s three years younger, and 2) doesn’t have Hossa’s back-diving contract structure, which could be huge in terms of cap recapture penalties. And that’s going on the assumption Hossa would even be available, which he doesn’t appear to be.
While it’s true Sharp has a modified no-trade clause, it might not be enough to keep him from moving on.
But… would Chicago actually deal him?
Make no mistake, losing Sharp would hurt. He’s been with the organization for nine years (has a local radio show and everything), serves as an alternate captain and it would be remarkably difficult to acquire equal value in any sort of trade. Like we’ve seen in the past, however, the ‘Hawks may be forced to make the hard move now for an easier financial future.
As for the man himself, Sharp was on hand for the purge of four years ago and understands how things work.
“There’s going to be talk, discussion, rumors — it’s part of the business,” he said in mid-July, per the Chicago Tribune. “But I think what my agent (Rick Curran) said was pretty self-explanatory. I’ve been able to get away from hockey and kind of relax a little bit.
“If you start worrying about it and start paying attention to all the speculation and rumors, you’re going to drive yourself crazy. It’s my job to play hockey, and that’s what I’m going to do.”