NHL salary cap to stay flat at $81.5M; bad news for big spenders, free agents

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With the CBA extended through 2025-26 as part of the NHL’s larger return-to-play plan, we now know that the salary cap will remain flat at $81.5 million for at least the 2020-21 NHL season.

From there, most signs point to a snail-like pace for the NHL salary cap ceiling, if it moves at all. Much like many other factors, that’s subject to change. If the NHL’s finances can bounce back quickly from the impact of COVID-19, then who knows?

But … most likely, a flat $81.5M NHL salary cap (and a slowly rising one) looks like bad news for both the league’s biggest spenders and free agents hoping to cash in.

The two sides took these measures to try to mitigate the impact of COVID-19. In trying to roll with those punches, certain sacrifices must be made. And that means that some big market teams will need to tighten their belts, rather than wielding the full power of fat wallets.

Let’s jump into some of the details

Flat $81.5M salary cap for 2020-21 NHL season; Limited movement after that

As a reminder, the 2019-20 salary cap ceiling sits at $81.5M. The NHL’s salary cap could remain flat at $81.5M for some time; it’s penciled in that way for at least 2020-21.

Here’s the breakdown:

  • Upper Limit = $81.5 Million
  • Midpoint = $70.9 Million
  • Lower Limit = $60.2 Million

So, for at least a while, the salary cap will not be tied directly to a 50-50 split in revenue. This is a change from how business operated (and the salary cap was calculated) for NHL teams.

This may only be temporary because the NHL and NHLPA agreed to a point where the salary cap could rise instead of being flat: $4.8 billion in revenue. (That was the projected revenue for 2019-20 before the COVID-19 interruption.)

Granted, there are some ins and outs that might allow minor tweaks, but that’s where things get really granular. If you want to dig deep on the new mechanics that might or might not keep the NHL salary cap flat, check out the full release. Make sure you have your glasses and contacts (and maybe smelling salts).

Flat NHL salary cap could present challenges for plenty of NHL teams, free agents

One would think this might also make it tougher for players to land big second contracts, but we’ll see. Plenty of signs point to a flat/barely climbing salary cap squeezing the NHL’s “middle class” even more than before.

At this point, fans of high-spending teams might beg for “amnesty buyouts.” Unfortunately for those teams, that won’t be a way to get out of salary cap jail.

If the NHL salary cap stays flat or barely moves for years, it could absolutely cause some carnage. Think of how well Seattle could leverage cap-challenged teams during the expansion draft, for example. (You might even pledge that there will be a climate for chaos.)

Salary bonuses, contract terms, and other financial details from NHL CBA extension

Consider the flat $81.5M NHL salary cap the biggest detail of the CBA extension. There are plenty of other elements to consider, including:

  • If all goes to plan, NHL free agency is set for mid-October. Estimates include Oct. 9 or Oct. 11.
  • Players will defer 10 percent of their salaries to make up for pandemic-related financial losses.
  • No-trade and no-movement clauses will “travel” with the player, even if said player gets traded before the clause kicks in. TSN’s Frank Seravalli reminds us of P.K. Subban‘s situation. The Canadiens traded Subban right before his clause kicked in. From there, the Predators weren’t responsible for such a clause, and they eventually traded Subban to the Devils.
  • Salary bonuses will go untouched, which was a sticking point for owners. On the other hand, the NHL took measures to limit “front-loading” contracts.
  • Escrow – a huge sticking point for players, boring for the rest of us — will be limited. The cap for escrow is set at 20 percent for 2020-21, then the plan is to eventually drop it to six percent.
  • The CBA extension very marginally bumps up minimum NHL salaries. Some might say comically so.
  • The CBA extension tweaks cap recapture penalties. Via Michael Russo of the Athletic, there is “no longer a charge greater than the contract’s AAV in any year, but charge continues until the full overage is paid off.”
  • As discussed earlier, prospects like Kirill Kaprizov of the Wild won’t be able to participate in the 2020 Stanley Cup Qualifiers or any part of 2019-20. There is the option, however, to sign them in a way that burns a year off of their entry-level contracts. Sportsnet’s Chris Johnston reports that teams would get a small window to do so (Monday afternoon through Wednesday afternoon), but it’s unclear if they’d be allowed to participate in training camps if such contracts were signed.

Closing thoughts on the NHL having a flat salary cap for 2020-21

Overall, every bargain contract will be that much more crucial, and every mistake will hurt much more. Which teams do you think will weather these storms, and which ones are in big trouble?

Better make sure you have a good capologist or three, NHL teams.

MORE ON THE NHL RETURN TO PLAY

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.

Coyotes-Predators stream: 2020 NHL Stanley Cup Qualifiers

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NBCSN’s coverage of the NHL’s Return to Play continues with Tuesday’s Stanley Cup Qualifier matchup between the Coyotes and Predators. Live look-in coverage begins at 2:30 p.m. ET on NBCSN. Watch the Coyotes-Predators Game 2 stream at 2:30 p.m. ET on the NBC Sports app by clicking here.

Darcy Kuemper made 40 saves for Arizona as the Coyotes won 4-3 in Game 1 against Nashville. The Coyotes jumped out to a 3-0 lead in the first period and held on through a late surge from the Predators, who played in front of Juuse Saros in net.

Saros allowed four goals on 37 shots after getting the start ahead of Pekka Rinne. Rinne had started 89 straight playoff games for the Predators dating back to 2010. Head coach John Hynes said he would make a goalie decision for Game 2 on Monday afternoon, and let the players know Monday night.

“There’s going to be some ups and downs in the game, so I think we can handle that,” said Hynes. “But I also like the fact of the way we responded throughout the game and continued to push and stay mentally tough. We were engaged on the bench, and we gave ourselves a chance to get back in the game. When we made a hard push in the third, we had some really good looks, and unfortunately they didn’t go in.”

Arizona played without their regular season leading scorer Nick Schmaltz, who was unable to play after taking a hit from VGK’s Ryan Reaves in an exhibition game on Thursday. Coyotes head coach Rick Tocchet said he would speak with Schmaltz about his Game 2 availability.

[NBC 2020 STANLEY CUP PLAYOFF HUB]

WHAT: Arizona Coyotes vs. Nashville Predators
WHERE: Rogers Place – Edmonton
WHEN: Tuesday, August 4, 2:30 p.m. ET
TV: NBCSN (live look-in)
LIVE STREAM: You can watch the Coyotes-Predators live look-in stream on NBC Sports’ live stream page and the NBC Sports app.

(6) Nashville Predators vs. (11) Arizona Coyotes (ARZ leads series 1-0)

Sunday, Aug. 2: Coyotes 4, Predators 3 (recap)
Tuesday, Aug. 4: Coyotes vs. Predators, 2:30 p.m. ET – NBCSN (live look-in stream)
Wednesday, Aug. 5: Predators vs. Coyotes, 2:30 p.m. ET – NBCSN
Friday, Aug. 7: Predators vs. Coyotes*, TBD
Sunday, Aug. 9: Coyotes vs. Predators*, TBD

MORE:
2020 NHL Stanley Cup Qualifiers schedule

NHL Power Rankings: Most impactful performances so far in NHL qualifying round

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In this week’s NHL Power Rankings we are taking a look at some of the most important and impressive performances so far in the qualifying round. Players and performances that are making an impact in determining who moves forward in the bubble and who goes home.

Two important notes here.

  • First, We are only looking at players that are playing in the QUALIFYING round portion of the playoffs. So no players from the Round Robin portion will be included. It is not that they are not important, it is simply the fact they are not at risk of being eliminated in this round and we want to focus on teams that are still fighting for their postseason lives right now.
  • Second, this is not a ranking of the best overall players. It is simply a ranking of players that could (and have) significantly impact the outcome of a series and play a major role in deciding which teams advance and which teams do not.

Who do we like so far?

To the rankings!

1. Connor McDavid, Edmonton Oilers. He is the most dominant player in the NHL and has already put on a clinic in the Oilers’ series against Chicago. His incredible Game 2 effort on Monday set the tone early for the Oilers and drove them to a much-needed win to keep them in their series. When he is going at his top level there is no one in the league that can match him.

2. Andrei Svechnikov, Carolina Hurricanes. An emerging superstar in Carolina, Svechnikov is already turning into the Hurricanes’ go-to player on offense. He made history in their Game 2 win by recording the first postseason hat trick in Hurricanes/Whalers postseason history. He is still only 20 years. Sky is the limit here.

3. Carey Price, Montreal Canadiens. If the Canadiens are going to pull off the upset against the Pittsburgh Penguins it is going to have to be because of Price. Through two games he has done everything he can to keep his team in it. He helped them take Game 1 with a huge performance early on and was perhaps even better in a Game 2 loss. He just did not get any offensive support.

4. Dominik Kubalik, Chicago Blackhawks. Kubalik has been exactly what the Blackhawks needed this season — Another impactful player to emerge in their lineup to serve as an important complementary piece to their remaining core. Even more important is the fact is still very cheap against the salary cap. He opened the postseason with a five-point effort in Game 1 against Edmonton. He is a rookie of the year finalist, a much deserved honor.

5. Joonas Korpisalo, Columbus Blue Jackets. Goaltending was always going to make-or-break the Blue Jackets’ season, and the duo of Korpisalo and Elvis Merzlikins has done its part to give them a chance. Korpisalo added to the postseason anxiety Maple Leafs fans were probably already feeling in Game 1 when he pitched a shutout in Toronto.

[NBC 2020 STANLEY CUP PLAYOFF HUB]

6. Connor Hellebuyck, Winnipeg Jets. Very similar to Price in Montreal, if the Jets are going to make something happen in the playoffs they are going to need Hellebuyck to play like the Vezina Trophy finalist that he is this season. That is even more true if top forwards Mark Scheifele and Patrik Laine continue to miss time.

7. Sebastian Aho, Carolina Hurricanes. Svechnikov’s dominance has kind of overshadowed what Aho has done for the Hurricanes, but this duo has become a two-headed monster for the Hurricanes. Svechnikov might end up being a bigger star, but Aho is the building block piece in Carolina.

8. Sidney Crosby, Pittsburgh Penguins. He has been on the ice for all three of the Penguins’ 5-on-5 goals through the first two games, has scored two of them, and helped get the Penguins rolling in Game 2 with a first period goal to finally break through on Price.

9. Jared Spurgeon, Minnesota Wild. Alex Stalock got the Game 1 shutout for the Wild, but Spurgeon was the best player on the ice for the Wild. He played his usual big minutes, was a rock defensively, and contributed to all three Wild goals, scoring two of them. Consistently one of the league’s most underrated and overlooked players.

10. Adam Lowry, Winnipeg Jets. Lowry is making an early bid for the 2020 John Druce Award for being the out of nowhere postseason star. After recording just 10 points in 49 regular season games, Lowry already has three points in the Jets’ first two postseason games and has played a significant role in filling in for the team’s injured stars. He was huge for them in what basically amounted to a must-win game in Game 2 against Calgary.

MORE:
• 2020 NHL Stanley Cup Qualifiers schedule

Adam Gretz is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @AGretz.

Islanders-Panthers stream: 2020 NHL Stanley Cup Qualifiers

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NBCSN’s coverage of the NHL’s Return to Play continues with Tuesday’s Stanley Cup Qualifier matchup between the Islanders and Panthers. Coverage begins at 12 p.m. ET on NBCSN. Watch the Islanders-Panthers Game 2 stream at 12 p.m. ET on the NBC Sports app by clicking here.

Styles make fights, and it was the Islanders’ defensive style that took over and earned New York a Game 1 win. Trade deadline acquisition Jean-Gabriel Pageau opened the scoring in the first period and Anthony Beauvillier added a power-play goal early in the second to give the Isles a 2-0 lead. Head coach Barry Trotz opted to start Semyon Varlamov in net over Thomas Greiss. The decision looked to be a good one, as Varlamov stopped 27 of the 28 shots he faced in his first postseason start since 2014 with the Avalanche.

The Islanders finished ninth in goals allowed per game in the regular season, and the story heading into this series was whether the high-flying Panthers offense would be able score at the pace they were used to. But it was New York’s defense that prevailed in Game 1.

The Isles held strong while playing with just five d-men after Johnny Boychuk left the game following an illegal check to the head from Mike Matheson. Boychuk did not take part in Monday’s skate. Trotz said that veteran Andy Greene and rookie Noah Dobson, both scratches on Saturday, will take warmups and one of them will play if Boychuk does not.

[NBC 2020 STANLEY CUP PLAYOFF HUB]

WHAT: New York Islanders vs. Florida Panthers
WHERE: Scotiabank Arena – Toronto
WHEN: Tuesday, August 4, 12 p.m. ET
TV: NBCSN
ON THE CALL: Mike Tirico, Eddie Olczyk, Brian Boucher
LIVE STREAM: You can watch the Islanders-Panthers stream on NBC Sports’ live stream page and the NBC Sports app.

(7) New York Islanders vs. (10) Florida Panthers (NYI leads series 1-0)

Saturday, Aug. 1: Islanders 2, Panthers 1 (recap)
Tuesday, Aug. 4: Panthers vs. Islanders, 12 p.m. ET – NBCSN (Livestream)
Wednesday, Aug. 5: Islanders vs. Panthers, 12 p.m. ET – NBCSN
Friday, Aug. 7: Islanders vs. Panthers*
Sunday, Aug. 9: Panthers vs. Islanders*

MORE:
2020 NHL Stanley Cup Qualifiers schedule

The Wraparound: Rangers ‘not doing enough’ as Hurricanes go for sweep

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The Wraparound is your daily look at the 2020 NHL Return to Play. We’ll break down the NHL playoff games today with the all-important television and live streaming information included.

• Take a look back at Monday’s action, which included an Andrei Svechnikov hat trick and the shorthanded Jets hanging on to even their series.

• One full week inside the Edmonton and Toronto bubbles and zero positive COVID-19 tests, reports the NHL.

• Ryan Reaves, Tyler Seguin, Robin Lehner, and Jason Dickinson all took a knee before the anthem on Tuesday.

Through two games, the Hurricanes have jumped on the Rangers early and forced them to chase. In Game 1, Jaccob Slavin needed just 61 seconds to open the scoring. Andrei Svechnikov started his run to the first postseason hat trick in franchise history 4:32 into Game 2. Carolina also scored twice in a span of 2:22 in the second period Monday, putting New York in “uncharted territory,” as defenseman Marc Staal put it.

The Rangers’ season could be over by tonight after Game 3 (8 p.m. ET, NBCSN; livestream). The odds aren’t in their favor. According to the NHL, teams that win each of the first two games in a best-of-five series are 55-1 all-time.

“We need everybody in that room to be just a little bit smarter, a little bit more patient, work a little bit harder, win more wall battles,” said Rangers head coach David Quinn. “All those things add up. We did it probably for 20 minutes and then just when we got down 3-1, you could feel it on the bench. That’s not a feeling we’ve had very often since the turn of the calendar.”

[NBC 2020 STANLEY CUP PLAYOFF HUB]

It’s hard to say if New York’s fate would be different had Igor Shesterkin been healthy enough to play the first two games. But goaltending aside, the Rangers have only scored once at even strength and have been losing the possession game badly (44%), per Natural Stat Trick.

“Between now and [Tuesday] night at eight o’clock, we have to learn that we can’t keep shooting ourselves in the foot,” said Quinn. “Our lack of patience is killing us right now. Was it better than it was [in Game 1]? Yeah, it was. But we didn’t come here to get incrementally better. We came here to win hockey games. We’re not doing enough.”

NHL GAMES TODAY

Game 2: Panthers vs. Islanders, 12 p.m. ET, NBCSN; livestream – (NYI lead series 1-0): Styles make fights, and it was the Islanders’ defensive style that took over and earned New York a Game 1 win. Trade deadline acquisition Jean-Gabriel Pageau opened the scoring in the 1st period and Anthony Beauvillier added a power-play goal early in the second to give New York a 2-0 lead. Johnny Boychuk did not skate on Monday after taking a high hit from Mike Matheson. Andy Greene and Noah Dobson are options should Boychuk be unavailable.

Game 2: Coyotes vs. Predators, 2:30 p.m. ET, NBCSN; live look-in stream – (ARZ leads series 1-0): Will we see Pekka Rinne in net for Nashville? Perhaps. Head coach John Hynes wouldn’t disclose who will start Game 2. Meanwhile, the Coyotes know it’s a race to three wins, and there’s still plenty of work left. “To be honest, you’ve got to forget about that game,” said Rick Tocchet. “I know you can feel good about yourself, but sometimes when you feel too good about yourself, you get too comfortable.”

Game 2: Blue Jackets vs. Maple Leafs, 4 p.m. ET, NBCSN; livestream – (CBJ leads series 1-0)Joonas Korpisalo got the nod over Elvis Merzlikins and shut out the Maple Leafs in Toronto in his postseason debut. He stopped 28 shots to record the first postseason shutout in Blue Jackets history. The low-scoring, defensive style played to the Blue Jackets’ strengths – only two teams allowed fewer goals per game in the regular season than Columbus. A tight game in the third period is also familiar to the Blue Jackets, as they were tied with Minnesota for most regular season wins when entering the third period tied (12).

[2020 NHL Stanley Cup Qualifiers schedule]

Game 3: Flames vs. Jets, 6:45 p.m. ET, NBCSN; live look-in stream – (Series tied 1-1): After a gutsy Game 2 win, the Jets still aren’t saying anything on the statuses of Mark Scheifele and Patrik Laine. Head coach Paul Maurice would only say “we’ll see how they come to the rink [Tuesday].” Calgary would like to see more success with the power play after an 0-for-6 performance Monday. They do need to be more disciplined as they’ve been shorthanded 13 times, the most in the postseason through three days.

Game 2: Wild vs. Canucks, 10:45 p.m. ET, USA Network; livestream – (MIN leads series 1-0): The final Game 1 of the Stanley Cup Qualifiers saw the Wild handle the Canucks to the tune of a 3-0 victory. The Wild’s scoring leader had 14 goals over his final 18 games of the regular season and opened up their playoff tilt with a goal less than 3 minutes into the game, his first postseason goal as a member of the Wild.

WEDNESDAY’S NHL PLAYOFF SCHEDULE

Game 3: Islanders vs. Panthers, 12 p.m. ET (NBCSN)
Game 3: Predators vs. Coyotes, 2:30 p.m. ET (live look-in, NBCSN)
Round-robin: Lightning vs. Bruins, 4 p.m. ET (NBCSN)
Round-robin: Avalanche vs. Stars, 6:30 p.m. ET (live look-in, NBCSN)
Game 3: Penguins vs. Canadiens, 8 p.m. ET (NBCSN)
Game 3: Oilers vs. Blackhawks, 10:30 p.m. ET (NBCSN)

Round-robin standings (ties broken by regular-season points percentage)

EAST
Lightning – 2 pts. (.657)
Flyers – 2 pts. (.645)
Capitals – 1 pts. (.652)
Bruins – 0 pts. (.714)

WEST
Avalanche – 2 pts. (.657)
Golden Knights – 2 pts. (.606)
Blues – 0 pts (.662)
Stars – 0 pts. (.594)

PHT’s 2020 Stanley Cup playoff previews
Eastern Conference top seed round-robin preview
Penguins vs. Canadiens
Rangers vs. Hurricanes
Islanders vs. Panthers
Maple Leafs vs. Blue Jackets

Western Conference top seed round-robin preview
Jets vs. Flames
Oilers vs. Blackhawks
Predators vs. Coyotes
Wild vs. Canucks