Blackhawks open cap space, send Hossa to Coyotes in complex trade

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Plenty of people have made jokes about Marian Hossa‘s contract being sent to the Coyotes since it became clear he wouldn’t play for the Blackhawks again. It turns out those jokes ended up being justified.

The deal involves several moving parts, but the key takeaway is that the Blackhawks open up cap space, while the Coyotes reduce headaches regarding hitting the salary cap floor, as Hossa’s salary is comically lower than his $5.275 million cap hit.

Here are the full details of the trade.

Coyotes receive: Hossa’s contract, Vinnie Hinostroza, Jordan Oesterle, 2019 third-rounder

Blackhawks receive: Cap relief, Marcus Kruger, Jordan Maletta, Andrew Campbell, MacKenzie Entwistle’s rights, 2019 fifth-rounder

Cap Friendly depicts the sort of loophole Chicago exploited, which the NHL closed up with the most recent CBA.

Old habits die hard

Arizona continues to be the NHL’s answer to a retirement home, and a land of dead money. Hossa’s deal joins Pavel Datsyuk, Chris Pronger, and Dave Bolland as deals that were essentially laundered by the Coyotes. With some of Mike Smith‘s salary retained and the Mike Ribeiro buyout in mind, a lot of money is going to people who won’t suit up in 2018-19.

As often as people make jokes about that practice, the Coyotes have been aggressive in at least attempting to improve during the past two summers. This move cements the thought that GM John Chayka has to do.

Meanwhile, the Blackhawks open up space to do … something? This is still a team formatted to win-now, so maybe GM Stan Bowman has more up his sleeves? (Considering their love for reunions, one cannot help but wonder if they might try to get Artemi Panarin back.)

Rundown of other parts

Hinostroza: The 24-year-old forward will begin a new two-year deal in 2018-19, carrying just a $1.5M cap hit.

He’s spent portions of the past two seasons in the AHL and NHL, producing nicely at both levels. During 50 games in 2017-18, Hinostroza scored a point every other contest (seven goals and 18 assists). Hinostroza could be scratching the surface of his potential, as he generated offense despite averaging a mere 13:49 minutes per game.

Oesterle: After playing 25 games over three seasons with the Oilers, Oesterle received a real chance with the Blackhawks, appearing in 55 contests in 2017-18. There were times that he shouldered a considerable role in Chicago, averaging almost 24 minutes per game in January. Overall, he generated 15 points in 55 games, averaged 20:31 TOI, and generally performed reasonably well from a possession standpoint last season.

His $650K cap hit expires after 2018-19.

Ultimately, the Coyotes received the main pieces for taking Hossa’s contract, while Kruger and that cap space rank as the most noteworthy assets for Chicago. (Unless Entwisle turns out to be a gem?)

Kruger: Maybe most importantly, Kruger returns to Chicago with his $2.775M cap hit set to end after next season.

The 28-year-old suffered a rough season, and this marks the third time he’s been traded since July 2017. It’s almost hard to believe that he played for Chicago as recently as 2016-17, as he’s been on a rocky path lately. Maybe Kruger can regain the form he showed winning two Stanley Cups with the Blackhawks as a helpful supporting cast member?

Entwisle: The 18-year-old forward was a third-rounder (69th overall) by Arizona in 2017.

Campbell: The 30-year-old defenseman was drafted in the third round (74th overall) by the Kings in 2008. Campbell’s accrued 42 games of NHL experience, most recently playing five games for Toronto in 2015-16. His longest run came with the Coyotes, when he appeared in 33 games back in 2014-15. Campbell has yet to score an NHL goal, generating two assists.

Maletta: An undrafted 23-year-old forward with marginal AHL stats.

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.

Galchenyuk trade just one reason Coyotes are excited

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Here’s a confession: last summer, I got a little too excited about the Arizona Coyotes’ progress.

It turns out that 2017-18 was a little too early to take the Coyotes seriously, but there are still reasons for optimism. The Alex GalchenyukMax Domi trade stands as the exclamation point at the end of a Coyotes fan’s sentence.

Sometimes teams improve by leaps and bounds. Other times, it’s more about baby steps.

After seeing Arizona stumble a bit this past season, it’s difficult to tell how far they’ve come. Either way, there are reasons to be increasingly positive about what GM John Chayka is doing, so let’s lay them out.

  • The Galchenyuk trade looks like a win.

Time will tell if it’s a big win (or even a win at all?). At the moment, it seems significant. Sure, one can discuss some of the ways that things might work out better than expected for Montreal, but much of that optimism hinges on better luck for Domi.

If you had to make a safe bet, you’d wager on Arizona’s side. Most GMs would take that.

  • Last summer’s trades quietly worked nicely.

There’s a solid chance that tuned-in hockey fans noted that Antti Raanta pulled off a solid first season as a starting goalie, at least after shaking off injury issues early on. He was rewarded with a three-year extension that carries a $4.25 million cap hit, a deal that finds a pretty nifty compromise between mitigating risks for the Coyotes with rewarding Raanta’s patience and hard work.

(Considering his fantastic .930 save percentage in 2017-18 and strong .922 career average, it could end up being a steal.)

The quieter development is that Derek Stepan played quite well, too.

Despite poor shooting luck (14 goals on 209 SOG for just a 6.7 shooting percentage), Stepan still scored his typical 56 points. That’s not a world-beating output, but it’s the type of production that the Coyotes more or less expected from the 27-year-old center.

Stepan can be part of the solution in Arizona.

  • A team that once looked weak down the middle seems formidable.

Landing Galchenyuk and Stepan eases the pressure on certain players. If the Coyotes believe that Dylan Strome would be a more comfortable fit on the wing, that isn’t quite as disappointing now.

  • They can add more talent this summer.

On one hand, it’s tough to gauge how much the Coyotes can really be a factor in free agency, considering their money challenges. Especially since they’re likely to pay up to extend Oliver Ekman-Larsson once they’re permitted by the CBA.

Still, there’s a chance they can add a small piece or two, and they also face interesting opportunities with the fifth pick of the 2018 NHL Draft.

They could add to their very modern-styled group of defensemen (OEL, Alex Goligoski, and Jason Demers all appeal to “fancy stats” types) by landing a prospect like Quinn Hughes. On the other hand, perhaps they’d add a forward who could make a near-future impact such as Brady Tkachuk?

Sure, it would have been great if they happened upon the top pick and were gifted Rasmus Dahlin, but they can still add a blue chip next weekend.

  • Their young players could improve.

It’s easy to forget that Dylan Strome is still just 21. Coyotes fans may always cringe at Mitch Marner‘s superior development (picked fourth after Strome went third overall in 2015), but that doesn’t mean that the ship has sailed on Strome as an NHL-caliber player.

The 2016 NHL Draft presents interesting questions as well.

“Beast” defenseman Jakob Chychrun‘s value is still unclear after his sophomore season was hindered by injury issues. Clayton Keller, meanwhile, looks like a fantastic find; the tantalizing question is: “How high is his ceiling?”

  • Enviable flexibility

In recent years, the Coyotes served as an Island of Misfit Contracts, absorbing dead cap space in Pavel Datsyuk’s and Chris Pronger’s deals in exchange for futures. They’ll see Dave Bolland‘s contract expire after 2018-19.

The nice thing for Chayka and the Coyotes is that they can continue in that potentially fruitful direction, but only if they choose to.

Simply put, this team isn’t anchored to too many problem contracts of their own doing. As of this writing, their longest contracts run for three seasons. OEL will change that, and few would really complain. The point is, the Coyotes enjoy the luxury of room to maneuver.

No doubt, the in-house budget stands as a concern, yet the Coyotes don’t need to fret about dollars going to waste.

***

No doubt about it, the Coyotes have plenty of work to do. The good news is that, so far, this group is getting the job done.

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.

Let’s fix the Edmonton Oilers

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You know things are bad for the Edmonton Oilers when even the media is questioning management.

Sportsnet’s Mark Spector chides players for a “sense of entitlement” after last night’s embarrassing loss to the Sabres, yet he also critiques the team’s special teams gameplan. “For the first time ever,” the Taylor HallAdam Larsson trade bewilders the Edmonton Journal’s David Staples.

Even Hall of Fame goalie Grant Fuhr believes that their PK is a mess.

By just about every measure, the Oilers are an absolute mess. And, yes, that PK is insanely ugly.

Is there any hope for them to turn things around? Yes, but they must admit this season is a lost cause, and big changes are needed.

Change in vision

There might come a point where it makes sense to trade one of the Oilers’ few remaining, arguably-not-quite-core assets in Ryan Nugent-Hopkins. In a vacuum, it would make sense to move him during a “sell-high” time, which could be this season if he heals up before the trade deadline expires.

Let’s be honest, though; would anyone in their right mind trust GM Peter Chiarelli to extract anywhere near optimal value for RNH, not to mention guys like Oscar Klefbom?

And really, it’s not just on Chiarelli. Todd McLellan deserves some blame for the team’s systemic struggles. Scroll through the Oilers’ last decade-or-so of drafting and you’ll see that the franchise rarely finds talent outside of the first round, a serious indictment of their scouting staff, not to mention their ability to develop. Kevin Lowe and Craig MacTavish have their fingerprints all over these failures, too.

Management had a vision for what works in the NHL, but it looks ugly unless you’re wearing rose-colored glasses.

Liquidate

This season and coming summer both stand as opportunities to cut the fat.

It’s tough to imagine another team taking on Milan Lucic‘s odious deal and Kris Russell‘s contract, but let’s not forget that seemingly immovable deals have been traded away before. David Clarkson, Nathan Horton, Dave Bolland, and even Chris Pronger have received paychecks from teams willing to warehouse bad contracts for a price. Maybe Edmonton could bribe teams to take some mistakes off their hands?

Sometimes it’s not even that high of a price, but that’s why you need to find a GM who can … you know, at least break even in trades.

In the case of Patrick Maroon and maybe a few other expiring pieces, Chiarelli could even redeem himself a bit by getting decent returns.

Draft capital can help in multiple ways

The bright side of this disastrous season is that the Oilers are likely to get a healthy first-rounder for their troubles. As of this writing, Edmonton’s the sixth-worst team in the NHL, and games played could push them down a bit more.

We all know they enjoy inanely good luck in the lottery, so consider how this could help them out:

  • Landing a key prospect – This is the simplest path, and a reasonable one in that. With cap concerns looming, they may very well need another decent player on a rookie contract.
  • Packaging to get rid of a bad contract – That said, the Oilers might not want to wait out that development process. To embrace more of a “win now” mode, they could clear up space by combining that pick (and maybe more) with a contract they’d otherwise struggle to remove.
  • Landing a big fish – On a similar note, what if the pick could help them grab a key soon-to-be-free-agent defenseman? Imagine how much better the Oilers would look with someone like Oliver Ekman-Larsson or Ryan Ellis, not to mention even bigger names in Erik Karlsson or Drew Doughty. If their teams realize they’re going to lose those players, a high-end pick could get things moving.

Target goalies

Cam Talbot might get back on track, but either way, he’s already 30 and his $4.167 million cap hit expires after 2018-19. Again, the Oilers aren’t the greatest at learning from their mistakes, yet this season should send a blaring signal that they shouldn’t put all of their eggs in one basket.

The Oilers could consider a reclamation project in Petr Mrazek, echoing what the Wild accomplished with their former goalie Devan Dubnyk. They could see if Aaron Dell is the next Talbot: a backup capable of being something more.

We’ve seen plenty of instances where teams need two goalies, so Edmonton should be proactive, even if Talbot ends up ultimately being “the guy.”

They still have Connor

Before Oilers fans get too depressed, don’t forget there are still great pieces in place, including Connor McDavid, who’s somehow barely 21 years old. Believe it or not, locking him up for eight years at $12.5M per is actually an astounding bargain. In fact, it’s such a deal that they can probably relax about paying Draisaitl too much.

The Oilers have made their mistakes, but new management could change things in a hurry. Just look at how dim things looked for the Penguins during the ill-fated Mike Johnston era. They turned things around with a coaching change and some courageous trades, while the Maple Leafs are another example of a team “seeing the light” and enjoying significant returns.

It doesn’t seem like Chiarelli was really taking notes, but if he gets replaced, hopefully the next GM has been paying attention. Things can turn around quickly in the NHL, at least if you push the right buttons.

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.

Deep defense and lots of questions: Examining Arizona Coyotes’ cap situation

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A shift is happening with the Arizona Coyotes, and if this summer is any indication, this might not be a slow evolution.

Faces of the franchise such as Shane Doan, Mike Smith, and (former) head coach Dave Tippett are gone, but just as importantly, the Coyotes are beginning to use their cap space to add NHL-ready players, rather than absorbing other team’s mistakes or problem salaries in exchange for assets.

This post discusses how the acquisition of Jason Demers makes this Coyotes team one to take more seriously in 2017-18, but let’s go the extra mile and examine the team’s salary structure.

(For cap analysis on a growing number of NHL teams, click here.)

That defense

Let’s start with a unit that’s rising among the league’s best, though still a tier below, say, the Nashville Predators’ impressive group.

Oliver Ekman-Larsson: 26, $5.5 million cap hit through 2018-19

You know a defenseman is a deadly scorer when a 12-goal year is a letdown. For “OEL,” 2016-17 probably qualified as much, and yet he’s still an off-the-charts guy. One of the potential bonuses of a competent Coyotes team would be Ekman-Larsson getting more attention as a true star on the blueline.

About the only problem with Ekman-Larsson is that, like fellow high-scoring Swede Erik Karlsson, that bargain deal won’t last much longer. OEL will be eligible for unrestricted free agency in the summer of 2019.

It wouldn’t be surprising if the Coyotes snatched him up in the summer of 2018. Really, they’d do so if they’re as smart as they seem.

Alex Goligoski – 32, $5.475M through 2020-21

For all the excitement that surrounds the Dallas Stars seemingly every summer, it sure seems like they might have dropped the ball by letting “Gogo” go. He’s a transition gem and an underrated all-around player; hopefully his game will age well, but at the moment, Goligoski’s a very nice value for Arizona. With 36 points, he wasn’t far behind OEL last season.

Niklas Hjalmarsson – 30, $4.1M through 2018-19

Maybe Connor Murphy will pan out for Chicago, but the Coyotes were reasonable in trading some potential for a “sure thing.” It’s difficult to believe that Hjalmarsson is only 30, considering his remarkable achievements.

As one of the best examples of a modern “defensive defenseman” alongside Marc-Edouard Vlasic, the Coyotes can lean on Hjalmarsson for tough matchups, freeing more offensive-minded guys to focus on scoring.

The only bummer is that he, too, only has two years remaining on his resounding bargain of a contract.

Demers – 29, $3.938M through 2020-21

Personally, shaving off 12.5 percent of Demers’ cap hit makes it more palatable by an almost odd degree. He’s another Coyotes defenseman who subtly impresses, and at a reasonable price, one made even more reasonable in parting ways with an expendable piece in Jamie McGinn.

The Coyotes have room to either fill in gaps or, if they need to, replace players who get too expensive.

Jakob Chychrun suffered an injury setback, yet there’s still time to assess where he figures into the bigger picture. Adding some firepower also allows him to ease into the mix in a more organic fashion. GM John Chayka can determine if Luke Schenn, Kevin Connauton, and/or Adam Clendening figure into the equation, as all of those guys are on expiring contracts.

Few teams enjoy defense corps as promising as the Coyotes,’ which must be frustrating for other teams, considering that many of these players were available through trades or free agency (or falling a bit in the draft, in the case of Chychrun).

Flexibility but uncertainty in net

In many cases, you’ll see a team immediately sign an acquired goalie to a new deal or an extension. One fresh example is Frederik Andersen, who signed a five-year, $25M contract before he stopped a single puck for the Toronto Maple Leafs.

Chayka didn’t do that, or at least hasn’t done so yet, after acquiring Antti Raanta from the New York Rangers.

That could cost the Coyotes some extra cash if Raanta converts his strong backup numbers to full-time expertise, yet it also gives Arizona room to maneuver if Raanta doesn’t pan out. This also opens the door for Louis Domingue to prove that he’s either a) more than a backup or b) a backup worthy of another contract.

Cheap, young forwards

The Coyotes’ forward group feels a bit like Derek Stepan, Dave Bolland‘s cap hit, and a bunch of potential.

Max Domi enters the final year of his rookie deal with considerable dollars to either gain or lose, especially if Arizona rides it out without an early extension. Anthony Duclair is just one of other forwards with something to prove.

Dylan Strome could be a nice little bargain if he finally works things out. The Coyotes managed to give him a look without burning a year off of his entry-level contract, so they could get three years at a bargain rate if it all starts to “click” at the NHL level.

Really, the Coyotes are counting on some ifs turning into an emphatic “Yes” or two. Christian Dvorak, Clayton Keller, and Brendan Perlini all have at least two years left on their ELCs, opening the door for the Coyotes to at least fill out roster spots at a discount.

How effective can this group – which also includes some fledgling veterans – be as soon as 2017-18? If nothing else, they should get a real boost from defensemen who can move the puck.

***

Overall, the Coyotes are in an intriguing spot, even if they’ll need to battle to make the playoffs.

From a long-term perspective, the real question might come down to the team’s internal budget. If this team starts to make serious gains, will ownership be able to pay up to keep OEL, Raanta, Domi, and other players?

If the answer isn’t positive, the Coyotes might find themselves in rebuild stages over and over.

At least the foundation looks sturdy this time around.

Hjalmarsson shocked by Blackhawks trade, but Coyotes could improve soon

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Who could blame Niklas Hjalmarsson for being surprised that the Chicago Blackhawks traded him? The move blindsided … well, just about everyone outside of the Blackhawks organization, after all.

“It’s going to take some time to get used to that thought,” Hjalmarsson said, according to the Arizona Republic. “At the same time, I’m trying to always be a positive guy.”

Indeed, the 30-year-old defenseman did his best to say all the right things about the Arizona Coyotes, praising a roster that includes “a lot of young and promising players.”

MORE on the trade here

Described by some as the NHL’s best pure defensive defenseman, Hjalmarsson also gives the Coyotes good reason to be excited by a blueline that’s suddenly quite competitive. Consider the quartet that GM John Chayka helped assemble:

Hjalmarsson: An often-underrated part of the Blackhawks’ run. Consider some of the praise he received even before this move was made.

Oliver Ekman-Larsson: One of the league’s best-kept secrets, “OEL” ranks as one of the most dangerous scoring defensemen. At 25, he’s still deep in his prime.

Alex Goligoski: When you consider the Dallas Stars’ lost 2016-17 season, don’t dismiss the absence of “Gogo.” He might not be perfect, but the 31-year-old is the sort of puck-mover you need to excel in the modern game.

Jakob Chychrun: At 19, he’s already getting reps at the NHL level. The Coyotes could pair him with a veteran and watch him grow.

***

When you look at those four, in particular, it’s easier to see Hjalmarsson’s excitement as more than just lip service. It probably doesn’t hurt that the Coyotes also added Derek Stepan, another sign that this franchise is taking the next step after absorbing other franchises’ problem contracts in the likes of Dave Bolland and Pavel Datsyuk’s last year.

Granted, it will still be an adjustment, as the Coyotes are likely aiming for “respectable” while anything less that a deep run was unacceptable for the Blackhawks.

Still, Hjalmarsson has plenty of power to make this move more palatable than it may have initially seemed.

And, hey, who would blame him for circling Oct. 21 on his calendar?