The 30-year-old Shattenkirk, a New Rochelle, N.Y native, joined the Rangers in free agency in 2017, signing a four-year, $26.6 million deal. He struggled on the blue line in his two years on Broadway and saw his ice time cut by nearly two minutes in 2018-19 under new head coach and David Quinn, who was an assistant at Boston University when Shattenkirk was there.
Shattenkirk, who had two years left on his deal, saw his points per game also drop mightily after going home. He averaged 0.50 in 2017-18 and 0.38 this past season, which also saw him spend plenty of nights in the press box as a healthy scratch as he dealt with the aftermath of surgery on a torn meniscus in his left knee. His final stat line in New York reads seven goals, 51 points in 119 games.
That big 2020-21 charge will brings their dead money total to $7,494,444 when you include the buy outs for Ryan Spooner ($300K) and Dan Girardi ($1,111,111).
For the Rangers, this move will save them $5,166,667 on the cap this season, per Cap Friendly, and combined with the likely AHL demotions of Brendan Smith and Matt Beleskey, that will get them under ceiling. General manager Jeff Gorton needed to free up room with restricted free agents Brendan Lemieux and Tony DeAngelo left to re-sign. A Chris Kreider trade was a rumored option for their cap situation, but it’s Shattenkirk who ultimately is the one leaving town.
UPDATE: The Rangers made it official on Thursday afternoon. “Today’s decision was a very difficult one,” said Rangers President John Davidson. “Kevin is a great person and teammate and he was extremely proud to be a New York Ranger. We wish him and his family all the best going forward.”
The New York Islanders, Carolina Hurricanes, St. Louis Blues, Calgary Flames and Dallas Stars all had something in common in 2019. They all went from being non-playoff teams in 2018 to making it to the postseason last year. So if that scenario were to repeat itself next season, who would the new five playoff teams be?
There’s no denying that the current salary cap system has created way too much parity in the NHL over the last few years. It’s not difficult to envision five non-playoff teams sneak into the postseason at all, because a lot of these teams are so evenly matched.
So which non-playoff teams do we expect to make it to the postseason in 2020?
• Montreal Canadiens: The Canadiens put up 96 points last year and still missed out on the playoffs, but there were plenty of positives for them to build on. First, Max Domi‘s adjustment to Montreal was seamless. He fit like a glove. Secondly, Carey Price and Shea Weber were able to stay healthy down the stretch. That will be the biggest key for the Habs in 2019-20. Getting sophomore forward Jesperi Kotkaniemi to contribute more offensively could also propel them into a playoff spot.
• Philadelphia Flyers: The Flyers got off to a bad start last year for a few reasons, but none more obvious than their mediocre goaltending. Once Carter Hart came into the picture, he managed to settle things down between the pipes. Avoiding a sophomore slump will be key for him if the Flyers are going to get back into the postseason, but they clearly have a talented enough roster to get themselves in.
• New York Rangers: The Rangers have been incredibly aggressive with their roster since sending a letter out to their fans outlining their plan to rebuild. Not only did they luck into getting Kappo Kakko in the NHL Entry Draft, they also found a way to sign the most dynamic free agent on the market, Artemi Panarin. The biggest question mark on this team is on defense, as they have big money committed to Kevin Shattenkirk, Marc Staal and Brendan Smith. In goal, Henrik Lundqvist isn’t the same player he used to be but Alexandar Georgiev has the ability to fill in whenever King Henrik needs a break.
• Chicago Blackhawks: Blackhawks GM Stan Bowman has made tweaks to his roster this summer. He’s added Calvin de Haan, Olli Maatta and Andrew Shaw via trade and he also signed Robin Lehner in free agency. The core group of players is still around and they can still contribute at a high enough level to help the ‘Hawks get into the postseason. But the West is going to be competitive this year, so the Blackhawks will have to stay pretty consistent throughout the year.
Honorable mention: The New Jersey Devils have added P.K. Subban and Jack Hughes to their roster, so seeing them improve by a wide margin wouldn’t be surprising. There’s still big questions surrounding the team’s defense and goaltending, but they were a playoff team two years ago. They could definitely be one of the biggest surprises in 2019-20. For now, they’re the sixth-likeliest team to go from not being in the playoffs to making it again.
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.
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:
One-third of the remaining contract value, if the player is younger than 26 at the time of the buyout
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:
Multiply the remaining salary (excluding signing bonuses) by the buyout amount (as determined by age) to obtain the total buyout cost
Spread the total buyout cost evenly over twice the remaining contract years
Determine the savings by subtracting the annual buyout cost from Step 2. by the players salary (excluding signing bonuses)
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.
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.
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.
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.
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.
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.
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:
NBC’s coverage of the 2018-19 NHL season continues with Sunday afternoon’s matchup between the New York Rangers and the Philadelphia Flyers. Coverage begins at 12 p.m. ET on NBC. You can watch the game online and on the NBC Sports app by clicking here.
Pride will be at stake between the Rangers and Flyers when they meet in the first game on Star Sunday on NBC.
The Flyers were officially eliminated from the playoffs after a tough 5-2 loss on Saturday against the Carolina Hurricanes. The Rangers, meanwhile, have been out of contention for a while, missing the playoffs in consecutive seasons for the first time in 15 years.
“I think the poor start is the reason that we’re in this position,” Flyers captain Claude Giroux said after Saturday’s game. “Every year it feels like it’s the same story. We need to figure it out…we know we can make the playoffs and be a dangerous team, but we can believe whatever we want. We just have to go out there and make it happen.”
For New York, stopping the Flyers’ six-game winning streak against them — including their three previous meetings this season — will be top of the order. The Flyers haven’t swept the season series since the 1984-85 season.
Philly put up a valiant effort this season after firing the general manager and head coach they began the season with. The Rangers began the season on a rebuilding foot, having brought in David Quinn while selling off several key pieces at the trade deadline.
Despite where both teams find themselves, there won’t be lacking for motivation.
“You want to win hockey games, especially when you’re playing a division rival,” Quinn said.
Kenny Albert (play-by-play), Ed Olczyk (analyst) and Pierre McGuire (‘Inside-the-Glass’ analyst) will have the call from Wells Fargo Center in Philadelphia, Pa. Liam McHugh will anchor studio coverage alongside Mike Milbury and Keith Jones.