Alex Steen

Getty Images

Buyout Frenzy: Five candidates to have contracts nixed from the books

7 Comments

Ah, the buyout.

A team’s “out” to a bad contract, often one that said team signed and one they regretted at some point after the ink hit the signature spot on the contract sheet.

It’s an out with a catch. You can shed cap space, but only some. While mistakes can be forgiven, they’re not forgotten for some time. The length varies from case to case. It’s like getting a divorce but still living with your ex-spouse. You’re free, but not really. It’s not ideal.

The fact is, some relationships end up in that spot, and in hockey, when a usually-high-paid player becomes unwanted — a surplus to requirements — or he’s a square peg that can’t be fit into the round holes of a team’s salary cap, it’s one way to trim off some fat.

The buyout window opens today and will remain open until June 30.

First, a short primer courtesy of the fine folks at CapFriendly, who are doing God’s work:

Teams are permitted to buyout a players contract to obtain a reduced salary cap hit over a period of twice the remaining length of the contract. The buyout amount is a function of the players age at the time of the buyout, and are as follows:

  1. One-third of the remaining contract value, if the player is younger than 26 at the time of the buyout
  2. Two-thirds of the remaining contract value, if the player is 26 or older at the time of the buyout

The team still takes a cap hit, and the cap hit by year is calculated as follows:

  1. Multiply the remaining salary (excluding signing bonuses) by the buyout amount (as determined by age) to obtain the total buyout cost
  2. Spread the total buyout cost evenly over twice the remaining contract years
  3. Determine the savings by subtracting the annual buyout cost from Step 2. by the players salary (excluding signing bonuses)
  4. Determine the remaining cap hit by subtracting the savings from Step 3. by the players Annual Average Salary (AAV) (including signing bonuses)

With that out of the way, let’s look at five candidates (in no particular order) who may be bought out over the next two weeks.

(Photo by Christian Petersen/Getty Images)

Dion Phaneuf, Los Angeles Kings

The once powerful Kings have been reduced to kingdom more befitting of Jurassic Park. They have their share of stars from yesteryear on that team, and a couple making premium coin for regular, unleaded performance.

Phaneuf is a shade of the player he used to be. It’s understandable, given he’s 34 and on the back nine of his career. He’s got two years remaining on a deal that the Kings will be on the hook for $12 million.

Trading Phaneuf isn’t likely. He had six points in 67 games last year and the Kings, who were dreadful, healthy-scratched Phaneuf down the stretch.

Using CapFriendly’s handy-dandy buyout calculator, we see Phaneuf’s buyout would save the Kings just over $2.8 million, including a ~$4 million savings next year and a more modest $1.583 the following year.

Phaneuf’s cap hit over four years would be a total of $8.375 million, with the Ottawa Senators retaining 25 percent or $2.791 million per the transaction the two teams made in 2018.

(Photo by Ethan Miller/Getty Images)

Scott Darling, Carolina Hurricanes 

A lesson in a team throwing way to much money at a backup goaltender with decent numbers.

Darling has fallen out of favor in Carolina after signing a four-year, $16.6 million deal during the 2017 offseason.

Darling’s play was a disaster in the first year of the deal and Petr Mrazek and Curtis McElhinney took over around December of this past season.

Darling was placed on waivers and was unsurprisingly not claimed and seems a shoe-in for an immediate buyout. The Hurricanes will save $2.366 million, taking a total cap hit of just under $6 million over the next four years.

Those savings can go to toward trying to re-up both Mrazek and McEhlinney, a duo that helped the Hurricanes to the Eastern Conference Final.

(Photo by Hannah Foslien/Getty Images)

Dmitry Kulikov, Winnipeg Jets

The Jets bet on Kulikov’s lingering back injuries being behind the Russian defenseman when they signed him two years ago in the offseason. The bet was wrong.

Kulikov’s back has a durability rating that would be frowned upon by Consumer Reports.

But his back isn’t the biggest issue Winnipeg has. General manager Kevin Cheveldayoff has a money issue. You see, he needs to spend a lot this offseason on guys named Patrik Laine and Kyle Connor, and he has more than one contract he’d like to dispose of. But while a guy like Mathieu Perreault would find suitors in the trade market, Kulikov won’t.

So while Kulikov has one year left on a deal that hits the cap for $4.333 million, a buyout would save Cheveldayoff close to $3 million in desperately needed cap space for the coming season.

Drafting well in the first round has caught up with the Jets.

(Photo by Christian Petersen/Getty Images)

Corey Perry, Anaheim Ducks

Like Phaneuf not far down the I-5, Perry has seen his production nose-dive at 34 years old. There’s a lot of mileage on Perry’s skates, and regular oil changes aren’t cutting it anymore.

Perry has two years left on a deal that hits their bottom line for $8.625 million over the next two seasons.

The Ducks would have $6 million this year alone by buying out Perry, who is essentially trade proof with a full no-movement clause.

Perry’s cap hit would jump up to 6.625 mill the following year with a signing bonus of $3 million still owed, but then would only hurt for $2 million over the two added buyout years. In the end, the Ducks would save $4 million and open up a roster spot for a younger player.

(Photo by Patrick Smith/Getty Images)

Alex Steen, St. Louis Blues

I know what you’re thinking: “Hey, this guy just hoisted the Stanley Cup and played a hell of a role on the fourth line to help the Blues to their first title in franchise history.”

Indeed, Steen did all of those things. But interim coach Craig Berube put Steen on the fourth line, a role he relished in but one that can be replaced for much, much cheaper.

Steen, 35, has seen his production plummet over the past several seasons — far away from the realm of money he’s making with a $5.75 million cap hit. That’s too much for a fourth line player.

The Blues have some signings to make themselves, including a big-money extension for rookie sensation Jordan Binnington and other pieces to the puzzle such as Patrick Maroon.

Buying out Steen would come with a cap savings of $3 million, including a $6 million savings over the next two seasons. The Blues have $18 million and change to play with and a host of RFAs that need to get paid.

Other candidates

The above five came in no particular order. This list could extend for a while.

Some other notable names that could see their contracts bought out are:


Scott Billeck is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @scottbilleck

Stanley Cup Final: Blues make lineup change; Grzelcyk game-time decision

Getty
5 Comments

It looks as if the St. Louis Blues and Boston Bruins will both be making some lineup changes for Game 7 of the Stanley Cup Final Wednesday night (8 p.m. ET, NBC; Live Stream).

Let’s start with the significant news on the Boston side where the Bruins might have all of their top defenders in the lineup for the first time since the beginning of the series. After missing the past four games, Matt Grzelcyk has been cleared for action and is officially listed as a game-time decision. If he plays, and it seems extremely likely that he will, he would replace Connor Clifton.

Grzelcyk has been sidelined since early in Game 2 when he was on the receiving end of an illegal check from Oskar Sundqvist, resulting in a one-game suspension for the Blues’ forward.

[NBC 2019 STANLEY CUP PLAYOFF HUB]

It remains to be seen how much of an impact he can make since he hasn’t taken any contact since the injury, but the Bruins have definitely missed his ability to move the puck.

“I think your adrenaline will carry you through,” said Bruins coach Bruce Cassidy on Wednesday.

“The one thing about Matt if he does go in after missing some games is he’s been skating with us. It’s not like he just jumped on the ice yesterday. He’s been participating, albeit non-contact, so there is a little bit of a different animal there. At this time of the year you’re not into a lot of contact in practice anyway so he’s just going to have to understand, because he did obviously live the first whatever it was, game and a half with St. Louis, he knows they are physical. He’s been there. He’s been watching. He knows he’s gotta get back in a hurry, make good decisions with it, take a hit to make a play if that’s what is required, which it usually is against this team. That’s the challenge in front of him. We’ve had discussions with him about it and he’ll be ready for it.”

Two of the three Bruins’ losses in this series came in games where they were forced to finish with five defenders due to injury with Grzelcyk exiting Game 2 and Zdeno Chara being forced to miss most of Game 4 after being hit in the face with a puck. While Chara has not missed any further game action, Grzelcyk’s absence has been significant.

“If he’s able to come back and help us tonight, he’s an incredible puck mover,” said Bruins defender Charlie McAvoy. “He’s just kind of had that fire in his eye for the playoffs. He’s been playing awesome for us, and we’ve missed him terribly since he’s been out. He just gives us that extra jolt when it comes to breaking out. He’s a gifted puck-mover. If he’s back to night, I think he’ll do his job and help us out even more.”

On the St. Louis side, forward Ivan Barbashev will be returning to the lineup after missing Game 6 due to a suspension for an illegal check to the head.

He will replace rookie forward Robert Thomas on the team’s fourth line next to Alex Steen and Sundqvist.

That is not the only change the Blues will be making.

Coach Craig Berube also said that Joel Edmundson will be drawing back into the lineup in place of Robert Bortuzzo.

Why the change? With Alex Pietrangelo and Colton Parayko playing so many minutes on the right side Berube wants to go with four left-handed defenders in his lineup.

“With Parayko and Pietrangelo on the right side, they’re just eating so many minutes up; there’s not a lot of minutes over there,” said Berube. “So, we decided to go with the four lefties, and what he can bring, he can bring a lot. I mean, he’s got some real good upside, shoots the puck well, big guy, big body, physical player, but he does do some things well in the offensive zone, so I like his shot.”

Edmundson played sparingly over the first four games of the series, recording zero points and finishing as a minus-3 in his limited minutes. Bortuzzo scored a goal for the Blues in Game 2 of the series in Boston and also scored a game-winning goal in the Western Conference Final series against the San Jose Sharks.

Edmundson will skate on the Blues’ third defense pairing alongside Vince Dunn.

“I played in I think three Game 7s now so this is going to be my fourth. None of them compare to this one,” said Edmundson. “Obviously it’s going to be the biggest game of my life. But everyone’s excited.”

Edmundson said his first reaction upon finding out that he would be in the lineup was to text his parents, who were already planning on attending the game. One member of his family not attending the game? His brother, Jesse, who has apparently been bad luck throughout the series.

“They were coming,” said Edmundson when talking about his parent’s plans. “My brother (Jesse) stayed back because he thinks he’s bad luck. He’s been bad luck throughout the series, so he stayed back, he’s taking one for the team.”

Whatever it takes.

More Blues-Bruins Game 7
• Blues vs. Bruins: Three keys for Game 7
• The Wraparound: It is all on line for Blues-Bruins 
• Which Blues, Bruins player will get Stanley Cup handoff?
• Conn Smythe watch
• Stanley Cup roundtable discussion

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.

Bruins vs. Blues: Three keys to Game 7 of Stanley Cup Final

There’s good news and bad news for hockey fans.

On one hand, you get to witness Game 7 in the Stanley Cup Final between the St. Louis Blues and Boston Bruins. On the other hand, this is going to be the final meaningful game until October. So make sure you enjoy tonight’s game, because the off-season begins tomorrow.

Everything either team has done before now is absolutely meaningless if they don’t come away with a win tonight. The Blues and Bruins will have to put together their best effort if they’re going to win it all at TD Garden tonight.

What specific things do these two teams have to do to win? Let’s take a look.

• Depth players have to chip in

It would be shocking to see a wide-open Game 7 tonight. Expect to see both teams play a physical, tight-checking game, because every mistake will be magnified. That means that the star forwards on either team may not have much room to operate throughout the game. So, it might be up to some of the depth players on either side to decide the result tonight.

By now, you may have heard that Boston has 19 different scorers in these Stanley Cup Playoffs. The depth that they’ve displayed since the start of the postseason has been second-to-none. Can they squeeze a little more production out of Sean Kuraly, Joakim Nordstrom or Noel Acciari?

The Blues have had a strong fourth line of their own, and they’ll be getting Ivan Barbashev back after he was suspended for Game 6. Barbashev, Oskar Sundqvist and Alex Steen have been really good on the fourth line for the Blues, who have also received depth contributions from guys like Sammy Blais and Zach Sanford throughout this series.

• Game-6 Binnington can’t make another appearance 

Obviously, both teams need to make sure that their goalies don’t cost them the game, but the Blues have to make sure Jordan Binnington turns in a better performance than he did in Game 6 on Sunday night. Binnington has found a way to bounce back a number of times since taking over as the team’s starting netminder, so there’s no real reason to doubt him heading into the biggest game in franchise history.

As for Tuukka Rask, it would be shocking to see him drop the ball tonight. He’s clearly the front-runner for the Conn Smythe Trophy right now, and he’s come up huge whenever the Bruins have needed a big result. Down 3-2 in the first round against the Toronto Maple Leafs, he was there in Game 6 and 7. Down 2-1 to the Columbus Blue Jackets in the second round, he was there, again. Rask has been in the zone all postseason and expecting anything else in Game 7 would be silly, right?

• Walk that fine line

It’s no secret that both teams need to play with a physical edge to be successful. They’re both loaded with skill, but that extra grit is what has carried them this far. That should continue to be the case on Wednesday night, especially for a Blues team that likes to keep the game simple when they’re on the road.

Here’s the issue: you have to be able to play that physical style without taking penalties. Neither team can afford to spend much time playing shorthanded in Game 7. It’s just too risky of a proposition. Yes, both teams have been able to generate goals or scoring chances while shorthanded at different points of the series, but they can’t take that gamble with everything on the line. Basically, unless it’s a puck-over-glass penalty or something that prevents a goal from happening, you can’t afford to sit in the box tonight.

So play with an edge. Just make sure you don’t force the officials to call a penalty.

Joey Alfieri is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @joeyalfieri.

Blues fan Laila Anderson will be in Boston for Game 7

3 Comments

Laila Anderson has become a superstar in the hockey world over the last few weeks. The 11-year-old Blues fan is now a household name that everyone is rooting for. Thanks to the Blues, she’s attended Western Conference Final and Stanley Cup Final games in St. Louis. Now, she’s taking the show on the road!

On Tuesday night, the Blues posted a video of Anderson’s mom telling her daughter that she’s been cleared to travel to Boston for Game 7.

As you’d imagine, Anderson was very emotional (you will be too once you watch the video) about getting the chance to see her Blues play on the road in the biggest game in franchise history.

“That video last night her mom posted was truly amazing,” said Blues forward Patrick Maroon. “She’s been an inspiration to all of us throughout the year and Alex Steen has done a good job of bringing her and making her feel comfortable, Colton Parayko the same way, making her feel welcome to the team and the St. Louis Blues welcome her and her family.

“It’s been truly amazing. She’s a fighter and she’s going to continue to fight. She’s our inspiration. We look up to her, what she has to go through every single day. To get on that plane, iknow the doctors are questionable of getting her out there because of her health and to say that she gets to come on the plane and travel out here to see us play, that’s truly amazing. I’m so happy for her.”

Before her trip to Enterprise Center for Game 3 the Western Conference Final, Anderson hadn’t been allowed to leave her home unless she was going to the hospital. The reason for this is because she was diagnosed with a rare disease called HLH which attacked her immune system.

It’s great to see her condition improve to the point where she can go to games at home and on the road.

Enjoy it, Laila!

Joey Alfieri is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @joeyalfieri.

Pucks tell the story of Blues’ rollercoaster season

Scott Rovak / St. Louis Blues

ST. LOUIS — Inside the St. Louis Blues dressing room in Enterprise Center hangs a mounted board on the wall near the entrance, a few feet to the left of Jake Allen’s stall. The six shelves filled with hockey pucks tells the story of the team’s wild ride during the 2018-19 NHL season.

As time expired in the Blues’ 2-1 Game 5 victory over the Boston Bruins, Alex Steen flipped the puck out the defensive zone. Hopping off the bench at the same time to celebrate with his teammates was David Perron, who scooped up the puck to add to the shelf. 

The win Thursday night was St. Louis’ 60th of the season. The shelves on the puck board have enough room to hold 60 of them. At the top of the board, above the I and S in St. Louis, is a spot for one more puck, which was added once they reached the Stanley Cup Final. That spot signifies the 61st win of the season — the win that will make them champions.

***

The origin of the puck board goes back in training camp when the Blues took a preseason trip to the Naval Academy in Annapolis, Md. There they met with Admiral Wallace E. “Ted” Carter, who presented then-head coach Mike Yeo with his personal military coin. The coin features the emblem of the Naval Academy crest, Admiral Carter’s three stars, his signature and aviation call sign, which happens to be “Slapshot.”

Yeo had the coin mounted on the board featuring six shelves inside the dressing room in hopes that they could look back at the end of the season as a reminder of how that trip played a role in a successful year.

Blues legend Bob Plager put the first puck up on the board on Oct. 11.

Yeo is no longer behind the bench but the puck board remains, even though it took a while fill up.

Only three pucks were added in October, and four more in November before Yeo was fired. New head coach Craig Berube decided not to take down the sparsely-filled board. He did, however, take down the standings board that players saw on their way toward the dressing room at their practice facility. It was a reminder to not look back and only worry about the future.

The shelves started to fill up after Berube took over and then things really took off beginning in January when the Blues won 15 of 18 games, which was boosted by an 11-game winning streak. 

There are two pucks on the board that are meaningful to forward Ryan O’Reilly and signify a turn in the Blues’ season. They reside next to one another, marking wins No. 26 and 27. They’re from a February home and home sweep over the Nashville Predators.

“That was pretty monumental, just showed that we can do it,” said O’Reilly. “That was a very good hockey team that we beat two in a row that gave us significant points and pushed us ahead. Gave us some good belief that, hey, we’re an elite team here. We can do this.”

Now it’s June 9. The shelves are full with just that single slot ready to be filled. The puck board is a reminder for the Blues of how this season has gone and how, had there not be such a turnaround, the entire direction of the franchise could have been altered. How many core faces would have been traded away? Who would have been out of a job? All questions that no one has to answer any more.

“They all [tell a story],” said Blues captain Alex Pietrangelo of the pucks. “How long it took to fill it up and how quickly it started to fill up, that’s kind of the summary of our season. It was fun when those pucks kept going up after every game in that second half of the year. It was not fun to look at that board in the first half of the season not seeing any pucks up there.”

The Blues have two games to fill that final spot. They know the Bruins will give them their best and being able to earn that last puck will be a challenge.

“That’s the one we need,” said O’Reilly. “It’s not going to be easy.”

Game 6 of the Stanley Cup Final will take place Sunday, 8 p.m. ET on NBC (live stream here)

————

Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.