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The St. Louis Blues locked up another piece of their Stanley Cup winning team on Sunday when they re-signed restricted free agent forward Oskar Sundqvist to a four-year contract.
Sundqvist, 25, had filed for salary arbitration and a hearing scheduled for this week.
That will no longer be necessary thanks to this new deal.
According to the Blues the contract will pay Sundqvist a total of $11 million, averaging out to a salary cap hit of $2.75 million per season.
The Blues acquired Sundqvist, as well as a first-round draft pick that was used to select forward Klim Kostin, prior to the 2017-18 season in the trade that sent Ryan Reaves and a second-round pick to the Pittsburgh Penguins. After managing just a single goal and four assists in in 42 games in his debut season with the Blues, Sundqvist had a breakout season in 2018-19 with 14 goals and 17 assists in 74 regular season games.
He also played a big depth role in the playoffs by adding four goals and five assists in 25 playoff games.
With Sundqvist back in the mix the Blues now have two more restricted free agents to sign in forward Ivan Barbashev and defender Joel Edmundson. Edmundson has an arbitration hearing scheduled for August 4. The Blues have already successfully avoided arbitration hearings with starting goalie Jordan Binnington, forward Zach Sanford, and now Sundqvist, so it seems reasonable to assume they will be able to settle with Edmundson as well.
The Blues still have around $5 million in salary cap space to work with this summer.
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The New York Rangers have undergone one of the most significant transformations in the league this offseason with the additions of Artemi Panarin, Jacob Trouba, Adam Fox, and the good fortune that saw them move to No. 2 in the draft lottery where they selected Kaapo Kakko.
It has drastically changed the look of the team on the ice, both for the long-term and the short-term, and also significantly altered their salary cap structure.
With the new contracts for Panarin and Trouba adding $19.6 million to their salary cap number (for the next seven years) it currently has the Rangers over the cap for this season while still needing to re-sign three restricted free agents, including Pavel Buchnevich who is coming off of a 21-goal performance in only 64 games.
Obviously somebody is going to have to go at some point over the next year, and it remains entirely possible that “somebody” could be veteran forward Chris Kreider given his contract situation and the team’s new salary cap outlook.
Perhaps even as soon as this summer by way of a trade.
What makes it so complicated for Kreider and the Rangers is that he will be an unrestricted free agent after this season and will be in line for a significant pay raise from his current $4.6 million salary cap number.
It is a tough situation for general manager Jeff Gorton and new team president John Davidson to tackle.
If you are looking at things in a more short-term window there is at least a decent argument for trying to keep Kreider this season, and perhaps even beyond. For one, he is still a really good player. He scored 28 goals this past season, still brings a ton of speed to the lineup, and is still an important part of the roster.
Even though the Rangers missed the playoffs by a significant margin this past season (20 points back) they are not that far away from being able to return to the postseason. Maybe even as early as this season if everything goes absolutely perfect. They added a top-10 offensive player in the league (Panarin), a top-pairing defender (Trouba), another promising young defender with potential (Fox), a potential superstar (Kakko), and still have a goalie (Henrik Lundqvist) that can change a season if he is on top of his game. It is not a given, and not even likely, but the window is at least starting to open.
Even if they do not make it this season they are not so far away that Kreider could not still be a potentially productive member of that next playoff team.
The salary cap situation will be complicated, but the Rangers can easily trim elsewhere in a variety of ways, whether it be utilizing the second buyout window or trading another, less significant part of the roster. As we just saw this past week, there is no contract in the NHL that is completely unmovable.
They COULD do it.
But just because you can do something doesn’t necessarily mean that you should, and that is the big issue the Rangers have to face with one of their most important players.
Should they keep him and try to sign him to a new long-term contract?
For as good as Kreider still is, and for as much as the Rangers have improved this summer, they still have to think about the big-picture outlook.
That means separating what a player has done for you from what that player will do for you in the future. For a team like the Rangers that is still building for something beyond this season, the latter part is the only thing that matters.
The reality of Kreider’s situation is that he is going to be 29 years old when his next contract begins, will be making significantly more than his current salary, and is almost certainly going to be on the threshold of a significant decline in his production (assuming it has not already started).
Let’s try to look at this as objectively as possible.
Kreider just completed his age 27 season, has played 470 games in the NHL, and averaged 0.29 goals per game and 0.59 points per game for his career.
There were 12 forwards in the NHL this past season that had similar numbers through the same point in their careers (at least 400 games played, at least 0.25 goals per game, and between 0.50 and 0.60 points per game). That list included Adam Henrique, Ryan Callahan, Wayne Simmonds, Ryan Kesler, Dustin Brown, Drew Stafford, Andrew Ladd, Tomas Tatar, Jordan Staal, David Perron, Lee Stempniak, and Kyle Turris.
This is not a perfect apples to apples comparison here because a lot of the players in that group play different styles and have different skillsets. They will not all age the exact same way or see their talents deteriorate in the same way. But what should concern the Rangers is that almost every one of the players on that list that is currently over the age of 30 has seen their production fall off a cliff. Some of them now carry contracts that look regrettable for their respective teams.
It is pretty much a given that as a player gets closer to 30 and plays beyond that their production is going to decline. Teams can get away with paying elite players into their 30s because even if they decline their production is still probably going to be better than a significant part of the league. Maybe Panarin isn’t an 80-point player at age 30 or 31, but it is a good bet he is still a 65-or 70-point player and a legitimate top-line winger.
Players like Kreider that aren’t starting at that level don’t have as much wiggle room, and when they decline from their current level they start to lose some (or even a lot) of their value.
Given the Rangers’ salary cap outlook, that is probably a risk they can not afford to take with Kreider long-term because it is far more likely that a new contract becomes an albatross on their cap than a good value.
You also have to consider that the Rangers have long-term options at wing that will quickly push Kreider down the depth chart.
Panarin is one of the best wingers in the league. Over the past two years they used top-10 picks in potential impact wingers (Kaako this year and Vitali Kravtsov a year ago). Buchnevich just turned 24 and has already shown 20-goal potential in the NHL.
As Adam Herman at Blueshirt Banter argued immediately after the signing of Panarin, committing more than $6 million per year to a winger that, in the very near future, may only be the fourth or fifth best winger on the team is a very questionable (at best) move in a salary cap league and gives them almost zero margin for error elsewhere on the roster.
Right now Kreider still has a lot of value to the Rangers for this season. He is probably making less than his market value, is still one of their best players, and still makes them better right now.
But when you look at the situation beyond this season his greatest value to them probably comes in the form of a trade chip because it not only means they can acquire an asset (or two) whose career better aligns with their next best chance to compete for a championship, but it also means they do not have to pay a soon-to-be declining, non-elite player a long-term contract into their 30s, a situation that almost never works out favorably for the team.
The Rangers have had to trade some key players and make some tough decisions during this rebuild.
They should be strongly considering making the same decision with Kreider.
The PHT Stanley Cup tracker will keep tabs on how the St. Louis Blues spend their summer celebrating.
Patrick Maroon probably could have had bigger contract offers last summer, while the one-year deal he ended up signing with the St. Louis Blues was a slight pay cut from his previous contract.
But he took a little less to get an opportunity to play for his hometown team and try to bring the city its first ever Stanley Cup. He helped the Blues do just that during the 2018-19 season, and even scored a couple of massive goals during the playoffs, including a double overtime Game 7 goal in Round 2 to clinch their series against the Dallas Stars.
This past week he had his opportunity to spend the day with the Stanley Cup and, naturally, took it back to St. Louis for the first time since the Blues’ initial Stanley Cup celebration.
It was quite a journey.
On Friday night the Stanley Cup made a surprise appearance The Muny, America’s largest and oldest outdoor musical theatre, to surprise the crowd that was there to watch a performance of Footloose.
It made quite an entrance!
From there, it went to the Maroon residence on Saturday morning for a special photo opportunity, 20 years after he had his picture taken with it at the Hockey Hall of Fame.
Keeping with the tradition of using the Stanley Cup as a cereal bowl, Cinnamon Toast Crunch was consumed out of it with Maroon cleaning it out afterwards himself, according to Philip Pritchard, the keeper of the Cup.
Maroon then took it to the All-American Sports Mall in South St. Louis — where he played inline hockey as a kid — to share the experience with 250 family and friends.
Included among the friends were former teammates and coaches from his time as a youth roller hockey player.
“Everyone makes fun of me playing roller hockey, but this is where I grew up playing,” he said. “To bring it back here is a very special day for me. To cherish these moments with the 250 people I invited, it’s a really private event that I feel like I know everyone here. To share that day with everyone, it really is amazing. It’s a big reunion for all of us to see each other and smile.
“It’s been one of the coolest memories I’ll ever have. It really doesn’t get full circle until you actually leave it, and wow, the Stanley Cup was just at All-American, the rink where I used to come from 9 in the morning to 5 o’clock and just sit and be a rink rat. It’s awesome.”
After that, it was off for a St. Louis speciality and some toasted ravioli at Charlie Gitto’s for lunch.
It was there that Maroon was joined by Blues super fan Laila Anderson.
Maroon ended his day at a nearby lake for private time with family and friends.
Before the Stanley Cup made its way back to St. Louis this past week, defender Robert Bortuzzo also had his day with the cup and took it to his hometown of Thunder Bay, Ontario.
“I’ll never be able to truly repay what this community has meant for me and my career in terms of growing up playing hockey as a young kid here,” Bortuzzo said, via the TBNewswatch.com. “It meant a lot for me to come and give the chance for some people to see it and put some smiles on faces at George Jeffrey. It was an easy decision to share it with a great community.”
While boating, Bortuzzo decided to help himself to a snack of assorted meats and cheeses.
The PHT Stanley Cup tracker
That’s a lot of money under most circumstances, but $500K goes fast in the modern NHL. In fact, $500K wouldn’t cover the minimum salary of a single player. Every dollar could end up counting for the Flames, so it’s nothing to sneeze at, but things could be tight nonetheless. It may even force someone other than Neal out of the fold.
While the Flames currently boast an estimated $9.973 million in cap space, according to Cap Friendly, that money will dry up quickly. They still need to hammer out deals for RFAs Matthew Tkachuk, David Rittich, Sam Bennett, and Andrew Mangiapane.
Really, would it shock you if Tkachuk and Rittich came in at $10M combined? Such costs are real considerations for the Flames, assuming they can’t convince Tkachuk to take a Kevin Labanc-ian discount.
In Ryan Pike’s breakdown of the cap situation for Flames Nation, he found that Calgary may still have trouble fitting everyone under the cap by his estimations, even if the Flames bought out overpriced defenseman Michael Stone. Buying out Stone seems like a good starting point as we consider some of the calls Treliving might need to make before the Flames’ roster is solidified.
Buying out Stone in August: Stone, 29, has one year left on a deal that carries a $3.5M cap hit and matching salary. If the Flames bought him out, they’d save $2.33M in 2019-20, as Stone’s buyout would register a cap hit of about $1.167M in 2019-20 and 2020-21.
As frustrating as it would be for the Flames to combine dead money in a Stone buyout with Troy Brouwer‘s buyout (remaining $1.5M for the next three seasons), it might just be necessary. Really, it might be the easiest decision of all.
Granted, maybe someone like the Senators would take on Stone’s contract if the Flames bribed them with picks and/or prospects, much like the Hurricanes did in taking Patrick Marleau off of the Maple Leafs’ hands?
Either way, there’s a chance Stone won’t be making $3.5M with the Flames next season.
Trade Sam Bennett’s rights? With things getting really snug, and the forward unlikely to justify being the fourth pick of the 2014 NHL Draft, maybe the Flames would be better off moving on by sending Bennett/his RFA rights to another team and filling that roster spot with a cheaper option?
If a team coughed up a decent pick and/or prospect for Bennett, assuming he needs a change of scenery, it could be a win for everyone. The Flames might not be comfortable about that yet with Bennett being 23, but it should at least be discussed.
Trade an expiring contract player? T.J. Brodie ($4.65M), Michael Frolik ($4.3M), and Travis Hamonic ($3.857M) all seem to be signed at reasonable prices, if not mild bargains. All three are only covered through 2019-20, however, making it reasonable to picture them as parts of various trade scenarios. In fact, TSN’s Bob McKenzie reports that the Flames were working on a potential deal involving Brodie and then-Maple Leafs forward Nazem Kadri, and Kadri admitted on “31 Thoughts” that he didn’t waive his clause to allow Calgary to trade for him.
Over the years, including this summer with LaBanc and Timo Meier signing sweet deals for the Sharks, sometimes RFAs take care off cap concerns for their teams. There are scenarios where such constraints actually help the given team land some discounts; it sure felt that way when the Bruins got a deal with Torey Krug back in 2016.
As of this writing, it seems like the Flames might face a tight squeeze in fitting under the cap.