At the present, they have roughly $5.5 million in salary cap space and a 40-goal, 90-point restricted free agent to sign, and the Tampa Bay Lightning are certain they’ll get him under contract before training camp begins.
Brayden Point is worth a whole heck of a lot of money and the Lightning don’t have that much to give at the moment, but general manager Julien BriseBois is optimistic nonetheless that a deal will be hatched before the middle of September.
“I fully expect to get it done before the start of training camp,” BriseBois said via NHL.com on Monday. “I don’t have a precise timeline. I feel very optimistic, but I don’t have any new information with regards to the Brayden Point contract.”
Easier said than done, as they say.
The Lightning have a nice cap crunch to deal with and a player of Point’s caliber, even if bridged, is worth more than what they currently have to spend (and they still need to pay Adam Erne, even if it’s around $1 million a season on his own bridge deal.)
Of course, that’s a pretty extreme example of doing your team a solid. And Point isn’t the same player. He’s much better, so don’t expect that here.
Sure, there’s still a world where Point signs an uber-friendly bridge deal. But at $5.5 million? Probably not. Evolving Wild’s model has a two-year deal worth $1 million more than that. A three-year bridge? They have it pegged at over $7 million a season. He’s projected to get a five-year, $8 million contract using their formula. Even that might seem a little low for the 23-year-old.
Even in Florida, where there is no state income tax, Point will get more.
The Lightning do have some reprieve, however. Despite there being some work to do to get Point’s contract done, they can essentially double the money they have to work with by putting Ryan Callahan on long-term-injured reserve.
That makes the situation disappear, for the time being, as it frees up $5.8 million in the process and allowing the Lightning to exceed the cap limit by that much. They can sign Point to whatever term/money makes sense and still fit under the cap.
And if BriseBois’s optimism surprises you, it shouldn’t. If any team can figure out how to keep some very, very good players happy financially, short-term and long-term and under the cap ceiling while remaining competitive, it’s the Lightning — even without Steve Yzerman.
“What I will say is there are all of these players that signed shorter deals coming out of their entry-level contracts who all ended up signing long-term deals and were able to stick with our organization, whether it’s Tyler Johnson or Ondrej Palat or Alex Killorn.” BriseBois said. “It’s worked out for all of them and it’s worked out for the organization. We’ve been able to keep a lot of great players in their prime.”
Next step: not getting swept up in the first round after a record regular season. And then sort out how you’re going to navigate the salary cap once again next offseason, where the Lightning already have $66.7 million committed to 13 players, and that doesn’t include whatever contract Point signs.