Yzerman knows Bolts have ‘to be under the cap at some point,’ so Callahan (hip) could open on LTIR

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It might feel complex, but the financial situation in Tampa Bay is actually straightforward — GM Steve Yzerman has roughly $5-$6 million in cap space, with forward Nikita Kucherov and d-man Nikita Nesterov still to sign.

And Yzerman thinks he has a way to get ’em done.

“We’ve got to be under the cap at some point,” Yzerman said, per the Tampa Bay Times. “Depending on the health of players, Ryan Callahan had surgery and if he’s not ready to to start the season, that buys us some time.

“We can do that (long-term injured reserve) if we need to. At some point, we’re going to have to be cap compliant to start the season, there’s no way around it.”

Callahan underwent major hip surgery in late June, and was expected to miss the next five months of action. He’s already been ruled out of competing for Team USA at the World Cup of Hockey, and now it sure sounds like his absence will extend into the regular season.

Which could suit the Bolts just fine.

While they’ll miss Callahan’s presence, the temporary relief of his $5.8 million cap hit could allow Yzerman to take care of Kucherov and Nesterov now, and figure out the finances later.

Trades at the end of the preseason/start of the regular season are commonplace, especially with teams looking to get cap compliant. Last year, in a mid-September deal, Chicago was forced to flip Kris Versteeg and Joakim Nordstrom to Carolina in order to sign Marcus Kruger.

Of course, Kucherov is going to demand significantly more money than Kruger did from the ‘Hawks.

The Times floated the idea of Filip Forsberg‘s new contract in Nashville — six year, $36 million — as a potential comparable, which could mean Yzerman will be forced to trade a fairly noteworthy contributor, not just a couple of spare parts.

Names that have been floated include veteran centers Valtteri Filppula and Brian Boyle. Yesterday’s signing of promising pivot Vladislav Namestnikov suggests the team thinks Namestnikov is ready to assume a larger role down the middle, making Filppula and/or Boyle expendable.