Trade: Avalanche clear space for free agency; Coyotes get Soderberg

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Are the Colorado Avalanche loading up for a big free agent push this summer, or are they merely worried about how much it will cost to re-sign RFA star Mikko Rantanen? Or is it a little of both?

Such thoughts come to mind with Tuesday’s trade, as the Avalanche send center Carl Soderberg to the Arizona Coyotes. It’s largely a cash-clearing deal from Colorado’s perspective, considering the current details reported by The Athletic’s Craig Morgan, TSN’s Darren Dreger, and others:

Coyotes receive: Soderberg, a 33-year-old forward whose $4.75 million cap hit expires after 2019-20.

Avalanche receive: Kevin Connauton, 29-year-old defenseman, whose $1.375M cap hit expires after 2019-20. Also, the Avalanche receive a 2020 third-round pick.

One team clears cap room, the other profits

If there’s a theme of recent moves, it’s that one team is hoping to land a big fish in free agency, while another is happy to take on another contract to get better in a more modest (and maybe safer) way.

The Nashville Predators received a paltry return for P.K. Subban in that stunning trade, and on face value, the Avalanche didn’t receive much for Soderberg, either.

But, of course, context matters: both the Predators and Avalanche made their moves to save cap space.

Puck Pedia places Colorado’s cap space at just a little bit less than $38M, with 14 roster spots covered, and Rantanen headlining an RFA list that also includes Alex Kerfoot. The Avalanche boast some absolute bargain deals – most obviously in Nathan MacKinnon, yet also getting nice value in Gabriel Landeskog and Tyson Barrie – and Soderberg’s expiring contract was another reminder that the future was bright. Apparently the Avalanche believe that the future is now … although they’d probably argue that they’re enjoying both, as their 2019 NHL Draft weekend was acclaimed after they nabbed Bowen Byram and Alex Newhook.

Don’t sleep on the Coyotes’ takeaway, though.

Soderberg a hidden gem?

Soderberg might not be the sexiest talent in every way, yet he might have been the best example of Colorado’s sneaky value outside of their top guys. The bad news is that MacKinnon, Landeskog, and Rantanen generated the vast majority of the Avs’ offense during the past few seasons. The better news is that players like Soderberg and Kerfoot were strong two-way players who could hold down the fort when those guys weren’t on the ice.

Soderberg scored 23 goals for Colorado last season, and his 49 points ranked fifth-most on the team. There are a number of ways where he seems sneaky-good, including where he falls on this Goals Above Replacement chart among Avalanche forwards (visualization by Sean Tierney; data via Evolving Hockey).

Impressive, right? Surprising, even, considering that Soderberg compares so well to Rantanen, at least by those metrics.

The Coyotes have been building their roster by taking on other teams’ cap concerns, as much as by drafting, particularly since some of their picks haven’t worked out quite as planned (Clayton Keller rules; if Dylan Strome is going to rule, it will be for Chicago).

In Soderberg, the Coyotes might only be leaning into what almost got them into the 2019 Stanley Cup Playoffs: grinding opponents into a paste. On paper, the Coyotes figure to play a not-so-pretty style, but it’s increasingly trending toward being effective. At least, Soderberg inches them closer to having waves of quality players, maybe enough to wash over opponents and back into the postseason. Maybe their style will end up being desert-dry, but this gives them another quality two-way player, and at a reasonable price.

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In a vacuum, this trade is a nice win for the Coyotes. However, if the Avalanche win by landing Artemi Panarin, then chances are, they’ll be OK taking the L in this one.

James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.