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Vegas faces offseason moves to get under salary cap

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LAS VEGAS (AP) — The Vegas Golden Knights answered one offseason question when they signed William Karlsson to an eight-year contract.

Now they have to get under the salary cap before the start of next season.

Per Capfriendly.com, the Golden Knights’ projected cap hit is currently $89,024,999. The NHL recently announced next year’s limit will be $81.5 million, up $2 million from last season. That means the team needs to shave a little more than $7.5 million to clear the cap.

”It can get cumbersome for some teams in the middle of the summer, but typically it doesn’t matter once you get to the season,” Golden Knights president George McPhee said before the start of the team’s development camp on Tuesday. ”The plan was to build a team the best we could. Every once in a while, you get tight on the cap in this business. We’re there now, we’ll manage it and we will hopefully be in a much better place going forward with lots of cap space if we ever need it.”

McPhee said he tendered qualifying offers to each of the team’s restricted free agents, and now it’s a wait-and-see approach. He added he isn’t worried about the lingering David Clarkson contract, and ”really isn’t the issue that people think it is because you can just replace that salary at the right time.”

The Golden Knights agreed to take on Clarkson’s contract from Columbus, which parted with a first- and second-round pick in exchange, while negotiating for Vegas to pick Karlsson in the 2017 expansion draft. But Clarkson’s NHL career is likely over due to a chronically injured back, and the Golden Knights will create some cap space when he goes on injured reserve.

Brandon Pirri, Ryan Carpenter, Pierre-Edouard Bellemare and Deryk Engelland are eligible for unrestricted free agency. Young forwards Pirri and Carpenter may no longer fit in Vegas’ scheme with Alex Tuch signed through the 2025-26 season, and Erik Haula expected back after missing much of last season with a knee injury. Bellemare and Engelland have expressed interest in staying in Las Vegas, but could be headed elsewhere.

Then there is forward Cody Eakin and defenseman Colin Miller, who have garnered plenty of attention from other teams.

Eakin, who is coming off a career season, is due to make $3.85 million next year, while Miller, who struggled toward the end of last season, is due $3,875,000.

”We are going to have to make a few moves,” McPhee said. ”We’ve planned for that; we are going through that exercise right now. When we’re done, we’ll talk about it and explain it.”

More AP NHL: https://apnews.com/tag/NHL and https://twitter.com/AP-Sports

Golden Knights have big decisions to make after Karlsson extension

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The Vegas Golden Knights are one of the teams that are going to be hit the hardest by the lower-than-expected salary cap ceiling for the 2019-20 season.

As of Sunday the team has, quite literally, zero salary cap space and is reportedly on the verge of signing restricted free agent William Karlsson to a long-term contract extension this upcoming week. According to The Athletic’s Pierre LeBrun, Karlsson’s new contract is going to be a max-term eight-year contract, with TSN’s Bob McKenzie adding that the salary cap hit will come in at “a shade under” $6 million per season. That is yet another hefty contract handed out by the Golden Knights, something that they have done pretty regularly over their first two years in the league.

In a vacuum, Karlsson’s extension seems pretty fair.

The eight-year term is significant, but he is still only 26 years old and isn’t likely to fall off a cliff in his production for several years. The cap hit is also probably significantly less than he could get on the open market, which is probably a tradeoff with the longer term.

He is probably never going repeat his improbable 40-goal season from two years ago, but he showed this past season that he can still be an excellent all-around player. There is a lot of value in a possession-driving, 25-goal, 55-point forward (assuming Karlsson is able to maintain that sort of production).

Once Karlsson’s deal becomes official, the Golden Knights will have six players signed through the end of the 2024 season. That group doesn’t include the long-term contracts recently signed by Paul Stastny, Max Pacioretty, and Marc-Andre Fleury.

Given that the Golden Knights will still need to fill out three more roster spots even after making the Karlsson contract official the salary cap situation means that somebody, somewhere on the roster, is going to have to go.

That means first-year general manager Kelly McCrimmon is going to have some major decisions to make over the next couple of months.

It is probably a safe assumption that Fleury, Mark Stone, Jonathan Marchessault, and Alex Tuch are fairly secure with their spots in the organization because they are pretty clearly the foundation of the team. Fleury and Marchessault have been from day one, while Stone just signed a massive contract extension following his acquisition from the Ottawa Senators at the trade deadline. Tuch is still only 22 years old and is on a contract that looks like it could be a steal for the team.

After that, all bets should be off.

Max Pacioretty could be an option and would shed $7 million per year after the team’s cap number, but that would be a complicated deal to make work and justify. Not only does Pacioretty have some control over where he goes (he had a modified no-trade clause) but trading him after just one season would be a tough pill to swallow given the sequence of events and the price they had to pay to get him. The Golden Knights traded Tomas Tatar (after trading three draft picks, including a 2018 first-rounder) and a top prospect in Nick Suzuki to get Pacioretty and then immediately signed him to a new long-term contract that, technically speaking, has not even started yet.

It is also doubtful they would be able to come out ahead by trading him given that he will be 31 this season, carries a pretty big cap hit, and is not the goal-scorer he was during his prime. Are you going to get back anything close to what you gave up for him just one year ago?

He had a fine year in 2018-19 when he was healthy, but his days of pushing the 40-goal mark are probably in the rear-view mirror.

Sticking with potential top-line players to be on the move, Paul Stastny and Reilly Smith both count more than $5 million against the cap, but like Pacioretty also have some control over where they go with limited no-trade clauses. The other issue is that Pacioretty and Stastny were great together on a line, and Vegas probably doesn’t want to break that up (nor should it).

After that you get into the depth players. Erik Haula, Cody Eakin, and Ryan Reaves all count more than $2 million against the cap and while all have proven to be quality depth players, none of them are irreplaceable.

Defender Colin Miller is another player whose name has been mentioned in trade speculation, but his cap hit is relatively small and he has been a pretty big part of an underrated defense.

No matter who goes, and whether it is a significant core player or a bunch of smaller depth players, the Golden Knights are set to be one of the busiest and most active teams in the league in the coming days and weeks. They really have no other choice.

Related: Pressure ratchets up on cap-strapped teams

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.

 

Teams looking for defense should seek trades, not free agents

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The bad news is that the free agent market for defensemen looks downright pitiful, especially after Erik Karlsson signed that big extension with the Sharks. The good news is that, if NHL GMs are bold and creative, they could make waves by adding defensemen via trades, instead.

***

Update: It didn’t take long for a big domino to drop.

The Jets sent Jacob Trouba‘s rights to the New York Rangers for Neal Pionk and the 20th pick of the 2019 NHL Draft, which was originally Winnipeg’s pick. This post goes deep on what that trade means for both teams.

***

Sharks GM Doug Wilson himself stirred the pot about there at least being a bunch of trade discussions, and we’ve already seen interesting moves like the Matt NiskanenRadko Gudas swap between the Capitals and Flyers.

While there could be a “Boy Who Cried Wolf” element to Wilson’s comments … c’mon, it’s still fun to hear this, and ponder the possibilities:

 

Craig Custance laid out some of the potential trade scenarios at The Athletic (sub required), and Sportsnet’s Elliotte Friedman has also gone into plenty of detail regarding possible swaps, among others. It’s not a guarantee that any big trades will happen, but if they do, there’s a solid chance some will happen around draft weekend.

With that in mind, let’s take a look at some of the most interesting names that have circulated. With all apologies to Jake Gardiner, you’ll notice that this list is infinitely more appealing than the potential crop of free agents.

P.K. Subban The Predators are coming off of a disappointing season, and it was a pretty rough one by Subban’s lofty standards.

There’s a mixture of sound and queasy logic to Nashville trading Subban. After all, P.K. is 30, and his $9 million cap hit is expensive. Moving that money out could allow the Predators to sign Matt Duchene, and Nashville is also eyeing Roman Josi‘s future, as the Swiss defenseman only has one year left at his current $6M clip. The queasy part is also that some don’t enjoy Subban’s personality, maybe because he cut a promo on them.

There are a lot of warning signs that the Predators could outsmart themselves here, particularly if Roman Josi is overrated – as some have intimated – but that’s a post for another day. Besides, those are worries for the Predators, not the potential team trying to swindle them out of Subban.

For a team with cap space, trading for P.K. could be a glorious investment.

Frankly, would it be that surprising if Subban rebounded in a big way next season? For all we know, his relative struggles in 2018-19 could just boil down to bad injury luck, rather than P.K. being hit by the aging curve.

The Devils stand out as an especially interesting trade party, as I’d argue that they should accelerate their growth process both to entice Taylor Hall to re-sign and to take advantage of the savings they’ll get with Jack Hughes’ (or Kaapo Kakko’s) entry-level contract.

But, really, any team with a glut of cap space and an urge to get better should pounce while Subban’s value is low.

Jacob Trouba – Speaking of taking advantage of a should-be Central Division powerhouse’s desperation, there are plenty of rumors about the Winnipeg Jets shopping Trouba’s RFA rights because of their cap crunch.

Those rumors start to blow my mind when you combine them with at least some talk of the Jets trying to retain Tyler Myers while losing Trouba, but much like the Predators possibly making a bad call, that’s not particularly relevant to teams who might try to land Trouba’s rights.

The New York Post’s Larry Brooks notes that area teams like the Islanders, Rangers, and Devils rank among the teams trying to trade for the right to sign the 25-year-old defenseman, and understandably so. Trouba-level players just do not become available that often.

My suspicion is that Trouba might not have truly reached his ceiling, as he’s sometimes had to battle for opportunities with other Winnipeg RHD like Myers and especially Dustin Byfuglien. If I were the Jets, I’d try to bribe a rebuilding team to take on Dmitry Kulikov, or something of that nature, to find a way with Trouba.

That simply might not be in the cards, and other NHL teams should go the extra mile if Trouba’s rights are available.

Kris Letang – It’s tough to imagine a contender with an unclear window sending away a guy who’s easily their best defenseman, but Letang is one of the many prominent Penguins whose name has at least come up in rumblings, so he absolutely deserves a mention.

Yes, his injury history is a little scary and he’s already 32, but Letang brings so much value to the table, and at an affordable $7.25M cap hit through 2021-22, the potential rewards outweigh the risks. It would be surprising if the Penguins made this blunder, especially after they already thinned out the ranks with the (largely beneficial) Olli Maatta trade. Teams should check in with Jim Rutherford just in case, though.

Shayne Gostisbehere – P.K. Subban getting traded after a “down year” makes some sense because the aging curve is hovering as a threat, and Subban’s also very expensive. The Flyers selling low on “Ghost Bear” could be a borderline disaster … and thus, one other teams should go out of their way to facilitate.

Gostisbehere is still in the meat of his prime, and he’s not only a bargain at $4.5M per year, but he’s also cost controlled for some time, as his steal of a deal runs through 2022-23. It’s honestly almost a little bit offensive that Gostisbehere trade talk has circulated with credibility, rather than just being something you’d screengrab and mock from a message board.

Now, Custance notes that the Flyers aren’t that likely to trade Gostisbehere, but if there’s even a trace of smoke, other teams should try to fan those flames.

Justin Faulk / Dougie Hamilton – Now, the Hurricanes might just stick with their surplus of right-handed defensemen, as a Faulk extension has reportedly been discussed.

Yet, it still seems like a matter of time. Faulk’s getting a raise one way or another from his $4.833M after it expires next season, and Hamilton’s $5.75M cap hit only runs through 2020-21. It’s easy to see why Carolina might value swapping Faulk or Hamilton for a comparable forward (perhaps someone like Mike Hoffman?).

Personally, I prefer Hamilton, as he’s produced impressive numbers even though he inexplicably rarely finds himself as his team’s top power play QB. Like with Trouba, I wonder if another team or coach might get a little bit more out of Hamilton if they put them in the right situations.

Either way, both Faulk and Hamilton can improve a team’s blueline, and maybe at a comfortable price.

Colin Miller – While I can see situations where teams who trade for the players above would win the trades, possibly to a significant extent, I also acknowledge that you’d have to give up something substantial to land them.

Miller might be one of the most prominent candidates who could be landed in a pretty one-sided trade.

Miller, 26, found himself in Gerard Gallant’s doghouse at times in 2018-19, including being a healthy scratch at times during the postseason. After spending big money and assets to land Mark Stone and Max Pacioretty over the last year or so, the Golden Knights are now in a serious cap crunch, as they’ll need to find room to lock down William Karlsson and Nikita Gusev.

An opportunistic team could offer Vegas the chance to save Miller’s $3.875M (through 2021-22) and maybe get back some of the futures they coughed up in those deals — don’t forget all they gave up for Tomas Tatar. Such a scenario would be awfully appealing to Vegas, especially since it sure seems like Gallant won’t use Miller enough to justify that near-$4M price tag.

If you’re an NHL team aggressive to improve, but you don’t have the cap space for the bigger names (or want to spend less in a trade), then Miller could be a fantastic find.

Jared SpurgeonIn my opinion, the Wild would be wiser to go into a full rebuild.

That just doesn’t seem to be the case, as they’ve instead been making more “player-for-player” moves. Not all of those trades have been as bad as losing Nino Niederreiter for Victor Rask, but either way, Minnesota’s strategy seems to be about half measures. They want to half-rebuild, and half … limp into the playoffs? It’s not ideal, is what I’m saying.

So Spurgeon (29, $5.188M) is a tricky expiring contract. The Wild want to be semi-competitive, so they might just want to re-sign him. If not, they also might want more than a poaching team would want to give up for Spurgeon, although a Hoffman-type expiring forward contract could make a swap somewhat reasonable.

A Spurgeon trade seems less like a “bang for the buck” deal, but he’s another interesting name, if truly available.

T.J. Brodie: Honestly, it’s tough to tell how good Brodie is, vs. how much he benefits from being glued to Mark Giordano at even-strength, as you can see from Natural Stat Trick’s teammate stats.

So, much like with Spurgeon, a lot of the trade appeal hinges on what the Flames are asking for Brodie (or, similarly, Travis Hamonic).

Brodie’s worth mentioning one way or another, because he’s a bit like Miller in being cheap, as Brodie’s at $4.65M for one more season. There are scenarios where trading for Brodie could make a lot of sense, if the Flames are more focused on freeing up cap space than they are getting maximum value for the defenseman.

Nikita Zaitsev: Tip to NHL GMs: don’t trade for Nikita Zaitsev.

***

Again, it’s possible that none of these defensemen get traded, or totally different, star-level ones move on instead.

For the sake of our collective entertainment, it would certainly be cool if there were some splashy trades to consider. So, get to it, NHL GMs.

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.

New Golden Knights GM faces big opportunities, challenges

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The Vegas Golden Knights announced a passing of the torch on Thursday, as Kelly McCrimmon becomes GM, while George McPhee is no longer GM, but sticks around as president of hockey operations.

It’s a move that echoes Steve Yzerman giving way to Julien BriseBois in Tampa Bay: like the Lightning with BriseBois, the Golden Knights didn’t want to lose a respected executive in McCrimmon. There are also parallels in the job McCrimmon is transitioning into. Much like the Lightning, the Golden Knights boast a talent-rich roster, and while Vegas features some Lightning-like bargains, the bottom line is that a cap crunch hovers over all of that luxurious skill.

Let’s take a look at the road ahead for McCrimmon, McPhee, and the Golden Knights.

Flipping assets for that hair flip?

After an out-of-nowhere 43-goal, 78-point breakthrough in 2017-18, William Karlsson needed a new contract last summer. The two sides settled on something of a one-year “prove it” deal for 2018-19, and while he didn’t sustain the unsustainable 23.4 shooting percentage from 2017-18, Karlsson confirmed that his ascension wasn’t a mere mirage.

Now Karlsson finds himself as an RFA once again at age 26, and paying up for his next contract is the pivot point for the Golden Knights’ off-season.

With Mark Stone‘s (clearly justifiable) $9.6 million cap hit set to kick in starting next season, and the Golden Knights’ well-stocked with other legitimate talents, Vegas is in a congested situation even before you factor in whatever dollar amount Karlsson will command. A glance at Cap Friendly gives the impression that Vegas is less than $700K under the ceiling, and maybe some final details might tweak that, the bigger picture is that this is a challenging situation.

Here are a few players who could get moved out to accommodate this situation. I’m leaving out plenty of names such as Jonathan Marchessault, Alex Tuch, Shea Theodore, and Nate Schmidt for a simple reason: they’re all on manageable, if not outright bargain contracts, and so I’d think McCrimmon would be making huge errors in moving any of them out.

  • Cody Eakin, 27, $3.85M cap hit expires after 2019-20: No, this isn’t because the major penalty he was whistled for that turned that unforgettable Game 7 on its head.

Instead, it’s simple math. The Golden Knights have a plethora of forwards, and Eakin’s pricey for a depth player, which is how he’d fall in the lineup under basically all circumstances.

  • Erik Haula, 28, $2.75M through 2019-20: His pretty scary injury wrecked his 2018-19 campaign after his 29-goal breakthrough the year before. This would be more about dumping salary than any indictment on Haula, and Vegas would be unlikely to get fair value in such a trade. That might have to do it if teams don’t bite on other trade possibilities, though.
  • Ryan Reaves, 32, $2.775M through 2019-20: Yes, he’s an entertaining quote and menacing presence, but it’s not quite ideal to spend nearly $3M on an enforcer in the modern NHL. Not when every dime counts. Really, the Golden Knights could save big money and force Gerard Gallant to put more talent on the ice.
  • Colin Miller, 26, $3.875M through 2021-22: If I were an opportunistic opposing GM, I’d circle Miller like a (not necessarily San Jose) Shark. He’s a good, useful player on a reasonable deal, but with Miller occasionally landing in Gallant’s doghouse, he could be almost $4M used in a less optimal way. Plenty of teams need RHD, and could get a nice gem if they pounce. And if, frankly, McCrimmon makes a mistake.

There are other possibilities (Brayden McNabb maybe?) but those are generally the most feasible salary dump options in trades, with different players appealing to different mindsets.

Supporting cast calls

Remarkably, Vegas already has a strong core, for the most part. They face some noteworthy decisions around those key players, though.

There are some free agents to consider. Is Deryk Engelland going to retire, and if not, would the veteran take a team-friendly deal to stay with Vegas? Brandon Pirri deserves an NHL gig somewhere, but would he be lost in the shuffle in Vegas’ deep offense? Can the Golden Knights retain surprisingly effective fourth-line Pierre-Edouard Bellemare?

Alongside the aging pieces, you have intriguing talent looking to make a dent. Vegas must determine if Cody Glass is ready for the big time, as he could provide cheap production on a rookie deal. What will they do with Nikita Gusev and Jimmy Schuldt, who spent last season in the KHL and NCAA respectively, and need new deals?

Some of these situations are tricky, yet it’s plausible that Vegas could end up with enviable depth if they make the right moves (and get some good luck).

Beyond the flower

And, personally, I think McCrimmon really needs to take a long look at the team’s future in net.

Considering this cap crunch, it’s probably best to stick with Malcolm Subban on another short deal. He’s an RFA, and as The Athletic’s Jesse Granger notes (sub required), the team seems to think he still has potential.

As a former first-rounder (24th overall in 2012), Subban’s potential may still be bandied about for years. Yet, at 25, there needs to be more real production to go with all of the theoreticals and hypotheticals.

Instead of spelling an aging Marc-Andre Fleury with regularity, thus keeping “The Flower” fresh for the spring and summer when the games matter the most, Gallant has been reluctant to start Subban, whose career save percentage is a middling .903 in 45 regular-season games.

Part of that might be attributed to Gallant’s tendency to lean heavily on his starters, yet it’s also easy to see why Gallant is reluctant to go with other options: those other options haven’t been very appealing. Fleury is 34, and you could argue “an old 34” with 940 games (regular season plus playoffs) under his belt, so this is an area the Golden Knights can’t neglect for much longer.

(Really, it’s one they probably should have been more aggressive to address already; it’s a little surprising they never pushed harder to land someone who ended up claimed on waivers like Curtis McElhinney, among other options.)

***

This is a challenging situation, no doubt. There are potential bumps in the road, especially if the aging curve hits “MAF” hard.

Yet the upside is also huge. If you saw the Golden Knights once they added Mark Stone, you’d likely agree that this team could be a viable contender, rather than a Cinderella story.

It’s up to McCrimmon to add volumes to this tale, rather than allowing cap concerns to slam that book shut.

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.

Evander Kane loses cool as Sharks’ meltdown continues

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The San Jose Sharks are unraveling.

Not only has their biggest and most obvious flaw — goaltending — once again been exposed in their in Round 1 series against the Vegas Golden Knights, but the team has started to melt down in all phases and now has been pushed to the brink of elimination following an ugly 5-0 loss on Tuesday night.

The Golden Knights are now in complete control of the series with a 3-1 lead and seem to be just toying with the Sharks.

If the results weren’t bad enough, the Sharks completely lost their composure in the third period of Game 4, a development that was highlighted by an Evander Kane tantrum that resulted in him earning 14 penalty minutes and an early exit to the locker room.

After aggressively cross-checking Paul Stastny in the neutral zone, Kane delivered a sucker-punch to the face Colin Miller in the scrum that ensued.

[NBC 2019 STANLEY CUP PLAYOFF HUB]

Kane has made headlines in this series for his Game 3 fight with Golden Knights enforcer Ryan Reaves and then some trash talk through the media on Tuesday where he said, among other things, that he thought he was “fighting the muffin man” when he dropped the gloves with Reaves.

As Kane was being escorted to the locker room on Tuesday, the Vegas in-game entertainment crew played “The Muffin Man.”

Here is the entire sequence involving Kane on Tuesday.

Whether or not that punch is enough to earn a suspension remains to be seen, but it will almost certainly be looked at by the NHL Department of Player Safety.

The Sharks were already playing Tuesday without Joe Thornton after he was suspended for a hit to the head late in the Sharks’ Game 3 loss.

But the meltdown did not stop there.

With the Sharks already shorthanded late in the third period, Timo Meier earned a two-minute minor unsportsmanlike conduct penalty for yelling at the officials from the bench.

As for the actual hockey, things were not much better.

Starting goalie Martin Jones gave up two early goals — including another in the first two minutes — on only seven shots and was benched after the first period. Backup Aaron Dell did not play any better, while the Sharks’ defense that is led by Norris Trophy winners Erik Karlsson and Brent Burns just looked bad at times. The former still does not look to be anywhere near 100 percent healthy.

Max Pacioretty had four points, including two goals, in the win for Vegas while Shea Theodore, Alex Tuch and Jonathan Marchessault also found the back of the net for a Golden Knights team that is having no problems feasting on the Sharks’ horrendous goaltending.

The series shifts back to San Jose on Thursday for Game 5 at 10 p.m. ET on NBCSN where the Golden Knights will have a chance to move on.

More Sharks-Golden Knights:
Sharks lose Thornton for Game 4
Trash talk between Kane, Reaves almost as good as their fight

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.