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ProHockeyTalk’s NHL free agency tracker

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The NHL’s off-season is under way and with free agency beginning July 1 there will be plenty of action this summer. Check back here for all of the trades and signings that teams will be making in hopes of improving their chances at winning the 2018-19 Stanley Cup.

August 15
Ondrej Kase gets a three-year extension from the Ducks worth $7.8 million. (Link)

August 14
• The Devils re-sign Steve Santini to a three-year, $4.25 million extension. (Link)

Ryan Ellis, Predators agree to an eight-year, $50 million extension. (Link)

August 13
• Noah Dobson signs his three-year, entry-level deal with the Islanders. (Link)

August 10
Dylan Larkin and the Red Wings agree to a five-year, $30.1 million extension. (Link)

August 9
Christian Dvorak inks a six-year, $26.7 million extension with the Coyotes. (Link)

August 4
William Karlsson, Vegas Golden Knights avoid arbitration with one-year, $5.25 million contract. (Link)

John Gibson, Anaheim Ducks agree to an eight-year extension with a $6.4 million AAV (Link)

August 3
Mark Stone gets a one-year, $7.35 million contract from the Senators. (Link)

• Stars forward Gemel Smith is awarded a one-year, $720,000 contract in arbitration. (Link)

Cody Ceci gets a one-year, $4.3 million deal via arbitration. (Link)

August 1
• The Flyers and Robert Hagg agree to a two-year, $2.3 million deal (Link)

Patrik Nemeth and the Avalanche agree to a one-year, $2.5 million deal. (Link)

July 31
• The Rangers and Ryan Spooner agree to a two-year, $8 million deal. (Link)

July 30
• Flames, Garnet Hathaway avoid arbitration and agree to a one-year, $850,000 deal. (Link)

Miikka Salomaki and the Predators come to terms on a two-year, $1.5 million extension. (Link)

• Matt Read joins the Wild on a two-way deal. One-year, $650,000. (Link)

July 28
Brady Skjei and the Rangers agree to a six-year, $31.5 million deal. (Link)

July 27
Tom Wilson gets a six-year, $31 million extension from the Capitals. (Link)

July 26
• David Rittich, Calgary Flames agree to one-year, $800,000 contract. (Link)

Tristan Jarry re-signs with the Penguins. Two years, $1.35 million (Link)

July 25
• Mark Jankowski and the Flames agree to two-year, $3.35 million deal to avoid arbitration. (Link)

• Dan Hamhuis returns to the Predators with a two-year, $2.5 million deal. (Link)

Mattias Janmark signs a one-year, $2.3 million deal with the Stars. (Link)

Jake Virtanen re-signs with the Canucks. Two years, $2.5 million. (Link)

• An arbitrator has awarded Flames defenseman Brett Kulak a one-year, $900,000 contract. (Link)

MacKenzie Weegar returns to the Panthers one a one-year deal. (Link)

Jason Zucker and the Wild agree to a five-year, $27.5 million extension. (Link)

July 24
Joel Edmundson and the Blues avoid arbitration and agree to a one-year, $3 million deal. (Link)

• Another arbitration session avoided as Brandon Montour and the Ducks reach a two-year, $6.775 million deal. (Link)

Tucker Poolman and the Jets agree to a three-year, $2.325 million deal. (Link)

Brooks Orpik returns to the Capitals on a one-year, $1 million contract. (Link)

• Jets, Marko Dano agree to a one-year, $800,000 deal. (Link)

July 23
William Carrier stays with the Golden Knights with a two-year, $1.45 million contract. (Link)

• Islanders, Brock Nelson avoid arbitration with one-year, $4.25 million deal. (Link)

July 22
• Jets defenseman Jacob Trouba is awarded a one-year, $5.5 million contract in arbitration. (Link)

Brandon Tanev and the Jets agree to a one-year, $1.15 million deal. (Link)

July 21
Matt Dumba signs a five-year, $30 million extension with the Wild. (Link)

July 20
• Troy Stetcher and the Canucks agree to a two-year, $4.65 million extension. (Link)

July 19
Adam Lowry and the Jets come to terms on a three-year, $8.75 million extension, avoiding arbitration. (Link)

Madison Bowey re-signs with the Capitals. Two years, $2 million. (Link)

Derek Grant joins the Penguins on a one-year, $650,000 deal. (Link)

July 18
• Chris Tierney, San Jose Sharks avoid arbitration with a two-year deal with an AAV of $2.9375 million. (Link)

• The Edmonton Oilers sign their 2018 first-round pick Evan Bouchard to an entry-level deal. (Link)

July 17
• The Devils agree to terms with Blake Coleman on a three-year, $5.4 million deal (Link)

• A busy morning for Ray Shero also sees Stefan Noesen agree to a one-year, $1.725 million deal. (Link)

Ryan Pulock, Islanders agree to a two-year, $4 million contract. (Link)

Jimmy Vesey and the Rangers avoid arbitration and agree to a two-year, $4.55 million deal. (Link)

Tomas Nosek re-signs with the Golden Knights. One-year, $962,500. (Link)

July 16
Ryan Hartman and the Predators agree to a one-year, $875,000 deal. (Link)

Elias Lindholm inks a six-year, $29.1 million extension with the Flames. (Link)

• The Ducks lock up Adam Henrique with a five-year, $29.125 million extension. (Link)

Juuse Saros signs a three-year, $4.5 million extension with the Predators. (Link)

Jon Gillies and the Flames agree to a two-year, $1.5 million deal. (Link)

July 15
• The Blue Jackets and Oliver Bjorkstrand agree to a three-year, $7.5 million extension. (Link)

• Philip Danult re-signs with the Canadiens. Thee years, $9.249 million. (Link)

July 14
Ryan Murray accepts his qualifying offer with the Blue Jackets. One year, $2.825 million. (Link)

Rob O'Gara re-signs with the Rangers. One year, $874,125. (Link)

July 13
Joel Armia and the Canadiens come to terms on a one-year, $1.85 million contract. (Link)

Marc-Andre Fleury and the Golden Knights agree to a three-year, $21 million extension. (Link)

Andreas Johnsson accepts his qualifying offer, a one-year, $787,500 deal with the Maple Leafs. (Link)

• The Stars extend Devin Shore with a two-year, $4.6 million contract. (Link)

July 12
Connor Hellebuyck signs a six-year, $37 million extension with the Jets. (Link)

• The Blackhawks send the contract of Marian Hossa’s contract, Vinnie Hinostroza, Jordan Oesterle and a 2019 third-rounder to the Coyotes for Marcus Kruger, Jordan Maletta, Andrew Campbell, MacKenzie Entwistle’s rights and a 2019 fifth-rounder. (Link)

Cody McLeod returns to the Rangers on a one-year deal. (Link)

Jamie Oleksiak and the Penguins agree to a three-year, $6.4125 million extension. (Link)

July 11
Adam Erne re-signs with the Lightning. One-year, $800,000. (Link)

Anthony Mantha and the Red Wings agree to a two-year, $6.6 million extension. (Link)

July 10
Patrick Maroon heads homes to St. Louis and signs a one-year, $1.75 million deal with the Blues. (Link)

Nikita Kucherov signs an eight-year, $76 million extension with the Lightning. (Link)

July 9
Ross Johnston gets a four-year, $4 million extension with the Islanders. (Link)

Rasmus Dahlin inks his three-year, entry level contract with the Sabres. (Link)

• The Islanders add forward Jan Kovar, who spent the last five seasons in the KHL, with a one-year deal. (Link)

July 7
• Alex Lyon re-signs in Philadelphia. Two years, $1.5 million. (Link)

Dmitrij Jaskin and the Blues agree to a one-year, $1.1 million extension. (Link)

Colin Miller signs four-year, $15.5 million extension with the Vegas Golden Knights (Link)

Dylan DeMelo re-ups with the San Jose Sharks. Two years, $1.8 million total. (Link)

July 6
Matt Nieto stays with the Colorado Avalanche. Two years, $3.95 million total. (Link)

• Oscar Dansk re-signs with the Vegas Golden Knights. Two years, $1.35 million total. (Link)

• The Dallas Stars re-sign Jason Dickinson to a one-year, $875,000 contract. (Link)

Alexander Petrovic re-signs with the Florida Panthers with a one-year deal. (Link)

• After getting bought out by the Wild, Tyler Ennis signs with the Maple Leafs. One year, $650,000. (Link)

Ryan Strome re-ups with the Oilers with a two-year, $6.2 million extension. (Link)

Oskar Sundqvist inks a one-year, $700,000 to remain a St. Louis Blue. (Link)

July 5
Cedric Paquette gets a one-year, $1 million deal to stay with the Lightning. (Link)

Trevor van Riemsdyk, Hurricanes avoid arbitration with two-year, $4.6 million deal. (Link)

Anthony Duclair heads to the Blue Jackets on a one-year, $650,000 deal. (Link)

Andreas Athanasiou stays with the Detroit Red Wings with a two-year, $6 million deal. (Link)

Jacob De La Rose re-signs with the Canadiens with a two-year, $1.8 million contract. (Link)

• The Ducks bring on Andrej Sustr with a one-year, $1.3 million contract. (Link)

Boone Jenner gets a four-year, $15 million extension from the Columbus Blue Jackets. (Link)

Christian Folin gets a one-year deal from the Philadelphia Flyers. (Link)

Jordan Nolan heads to the St. Louis Blues. One year, $650,000. (Link)

July 3
Robby Fabbri stays in St. Louis with a one-year, $925,000 deal. (Link)

• The Boston Bruins re-sign Sean Kuraly for three years, $3.825 million. (Link)

Remi Elie re-signs with the Dallas Stars. One year, $735,000 (Link)

Calvin de Haan signs with the Carolina Hurricanes on a four-year, $18.4 million contract in free agency. [Link]

• The Islanders signed goalie Robin Lehner to a one-year contract. [Link]

Brad Richardson is back with the Arizona Coyotes on a two-year contract. [Link]

• The Islanders bring back Matt Martin in a trade with the Toronto Maple Leafs. (Link)

July 2
Tomas Hertl re-ups with the Sharks on a four-year, $22.5 million contract. (Link)

Carter Rowney gets a three-year deal from the Anaheim Ducks. (Link)

Joe Thornton re-signs in San Jose with a one-year, $5 million deal. (Link)

Brian Gibbons lands a one-year, $1 million contract with the Anaheim Ducks. (Link)

Slater Koekkoek is back with the Tampa Bay Lightning. One year, $865,000. (Link)

Zac Rinaldo has a new home with the Nashville Predators. One year, $650,000. (Link)

James Neal gets a five-year, $28.75 million deal from the Calgary Flames. (Link)

Tom Kuhnhackl joins the Islanders on a one-year deal. (Link)

July 1
Matt Calvert joins the Colorado Avalanche on a three-year, $8.4 millon deal. (Link)

Valtteri Filppula joins the Islanders on a one-year, $2.75 million deal. (Link)

• The Buffalo Sabres send Ryan O'Reilly to the St. Louis Blues for a 2019 first-rounder, 2021 second-rounder, forwards Tage Thompson, Patrik Berglund, and Vladimir Sobotka. The Blues also pick up O’Reilly’s $7.5 million signing bonus. (Link)

Luke Schenn will be manning the Anaheim Ducks’ blue line next season. One year, $800,000. (Link)

• Defenseman Nick Holden is joining the Western Conference champion Vegas Golden Knights. Two years, $4.4 million (Link)

• Islanders sign Leo Komarov for four years, $12 million. (Link)

Sven Baertschi is back in Vancouver on a three-year, $10 million contract. (Link)

Riley Nash cashes in on a big year and gets a three-year, $8.25 million deal with the Blue Jackets. (Link)

Vladislav Namestnikov is staying with the New York Rangers with a two-year, $8 million extension. (Link)

Tobias Rieder hooks up with the Oilers on a one-year, $1.3 million contract. (Link)

Matt Cullen goes back to Pittsburgh on a one-year. $650,000 deal. (Link)

John Moore gets a big contract from the Boston Bruins. Five years, $13.75 million. (Link)

• #TavaresWatch is over. John Tavares has signed a seven-year, $77 million deal with the Toronto Maple Leafs. (Link)

• The Sabres and Blues basically swap backup goalies now that Chad Johnson signs for one year, $1.75 million in St. Louis. (Link)

• The Hurricanes find their backup in Petr Mrazek. One year, $1.5 million. (Link)

Michael Grabner heads west with a three-year, $10.05 million deal with the Coyotes. (Link)

Kyle Brodziak joins the Oilers for two years, $2.3 million. (Link)

• After two seasons in the KHL, Val Nichushkin returns to Dallas with a two-year, $5.9 million deal. (Link)

J.T. Brown joins the Wild on a two-year, $1.375 million contract. (Link)

Ryan McDonagh inks a seven-year, $47.25 million extension to stay with the Tampa Bay Lightning. (Link)

• The Stars stay busy adding Roman Polak (one year, $1.3 million) to their blue line. (Link)

Tomas Plekanec is member of the Montreal Canadiens again. One year, $2.25 million. (Link)

• The Chicago Blackhawks add Cam Ward ($3 million) and Chris Kunitz ($1 million) on one year deals and ink Brandon Manning to a two-year, $4.5 million contract. (Link)

• The Coyotes make Oliver Ekman-Larsson‘s eight year, $66 million extension official. (Link)

• The Colorado Avalanche add to their blue line bringing in Ian Cole on a three-year, $12.75 million deal. (Link)

Blake Comeau is signed by the Dallas Stars, three years, $7.2 million. (Link)

Tyler Bozak joins Perron in St. Louis as the Blues ink the center to a three-year, $15 million deal. (Link)

Thomas Hickey heads back to the Islanders with a four-year, $10 million contract. (Link)

Paul Stastny leaves Winnipeg for the Vegas Golden Knights on a three-year, $19.5 million deal. (Link)

• The Jack Johnson to the Penguins deal is real and it’s $16.25 million over five years. (Link)

Thomas Vanek (one year, $3 million), Mike Green (two year, $10.75 million) and Jonathan Bernier (three year, $9 million) have all signed with the Detroit Red Wings.

James van Riemsdyk heads back to Philadelphia with a five-year, $35 million contract. (Link)

David Perron returns to St. Louis and signs a four-year, $16 million deal with the Blues. (Link)

Jay Beagle and Antoine Roussel each get four-year, $12 million deals from the Vancouver Canucks. (Link)

• The Calgary Flames pick up Derek Ryan (three years, $9.375 million) and Austin Czarnik (two years, $2.50 million). (Link)

Greg Pateryn gets a three-year, $6.75 million deal from the Minnesota Wild. Eric Fehr (one year, $1 million) is joining him. (Link)

• The Bruins, Sabres Stars find backups with Jaroslav Halak (two years, $5.5 million) headed to Boston, Anton Khudobin (two years, $5 million) on his way to Dallas and Carter Hutton (three years, $8.25 million) going to Buffalo.

Matt Hendricks moves on to the Wild with a one-year, $700,000 deal. (Link)

June 30
• Winnipeg Jets clear valuable cap space by shipping Steve Mason to Montreal Canadiens. (Link)

Logan Couture, San Jose Sharks agree to eight-year, $64 million extension. (Link)

Ryan Reaves is sticking in Sin City, signing a two-year, $5.5 million contract with the Vegas Golden Knights. (Link)

Chris Wagner heads to the Boston Bruins on a two-year, $2.5 million deal. (Link)

Eddie Lack returns to New Jersey on a one-year, $650,000 deal with the Devils. (Link)

• The Carolina Hurricanes hand Andrei Svechnikov his three-year, entry level deal worth $2,497,500. (Link)

Niklas Hjalmarsson inks a two-year, $10 million extension (kicks in 2019-20) with the Arizona Coyotes. (Link)

June 29
Drew Doughty, Los Angeles Kings agree to eight-year, $88 million extension. (Link)

Michal Kempny stays in Washington with four-year, $10 million extension. (Link)

• Capitals name Todd Reirden as Barry Trotz’s replacement. (Link)

Frank Vatrano returns to Florida Panthers on one-year, $925,000 contract. (Link)

• Carolina Hurricanes re-sign Valentin Zykov with two-year, $1.35 million contract. (Link)

June 28
• Penguins hand one-year, $650,000 deal to J.S. Dea. (Link)

June 27
• Penguins deal Conor Sheary, Matt Hunwick to Buffalo Sabres. (Link)

Devante Smith-Pelly returns to Washington Capitals with one-year, $1 million deal (Link)

• Penguins re-sign Riley Sheahan to $2.1 million, 1-year deal. (Link)

• Arizona Coyotes bring back Kevin Connauton with two year, $2.75 million extension. (Link)

June 26
• Vancouver Canucks re-sign Derrick Pouliot, one year, $1.1 million. (Link)

• Pittsburgh Penguins re-sign Bryan Rust with 4 year, $14 million deal. (Link)

• Ottawa Senators buy out final year Alex Burrows’s contract. (Link)

J.T. Miller gets five-year, $26.25 million extension from Tampa Bay Lightning. (Link)

• Sam Morin gets three-year, $2.1 million extension from Philadelphia Flyers. (Link)

Joe Morrow re-signs with Winnipeg Jets for $1 million over one year. (Link)

Paying for intangibles usually backfires

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In an ideal world the thought of a “bad contract” in sports wouldn’t really exist (in my world, anyway). Professional sports are a multi-billion dollar a year industry and a player’s value should be what the market (in this case, a bunch of billionaire owners — or even one billionaire owner) feels that player should be worth.

The players are the ones putting in the work, making the effort, and drawing fans to the stadium or arena. They absolutely deserve a significant cut of the pie, and if they aren’t getting it, an even richer person ends up keeping it for themselves. So, pay the players.

That said, the world is not always perfect. Especially in sports.

When you are dealing with a sport that has a salary cap (and in the case of the NHL, a hard salary cap) you have to look at contracts a little more critically than just saying, “well, that is what they are worth that and that is the end of it.” A hard salary cap makes the business side of sports even more cutthroat and emotionless than it already is. Teams only have a set amount of money to spend, and paying the wrong player the wrong salary for the wrong reason can make it difficult to keep better players or build a winning team.

That brings us to one of the more eye-opening contracts signed this offseason when the Washington Capitals signed restricted free agent Tom Wilson to a six-year, $31 million contract extension over the weekend.

[Related: Tom Wilson cashes in with $31 million extension]

Reactions to that signing have been … mixed.

On one hand, that is a ton of money to invest in a player that has scored more than seven goals and 23 points in a single season once in five years, a fact that has made it a highly scrutinized deal from an analytical perspective.

On the other hand, there is this the intangible side of the argument that has come out of Washington, where the things Wilson does well don’t always show up on a stat sheet and that he was a part of a Stanley Cup winning team this past season.

Or that he might inflict a lot of pain on you…

Honestly, I would not want to go into the corner against any player in the NHL, but that fact alone does not mean it is smart to pay every player more than $5 million per season over the next six years in a hard-capped league, especially when my team already has several big-money players on the roster.

This is part of the “intangible” argument that gets thrown around in contracts like this. We have seen it and heard it a hundred times.

There used to be literal shouting matches over players like Dave Bolland when he played in Toronto, and then collective confusion (and even more yelling) when he signed for $27 million over five years in Florida. Eventually, his contract became one of the many to buried in Arizona when it did not work out.

When Edmonton spent big money on players like Milan Lucic and Kris Russell in recent years the defense of those contracts wasn’t about the offense they could provide or the tangible production they would give the Oilers, but more about intangible things like protecting Connor McDavid or being gritty and tough to play against. Just a couple of years into those contracts they already look like bad investments for an Oilers team that is pressed against the cap ceiling without any consistent success on the ice to show for it.

The thing about players like Bolland and Lucic is that at one point in their careers they were players that did provide tangible results. Their contracts backfiring had more to do with paying too much for players at the wrong point in their careers and for the wrong reasons.

All of this brings us back to Wilson’s contract. I get the argument that he is still reasonably young, and that maybe the Capitals are finally figuring out how to use him by giving him a real role with good players instead of burying him on the fourth line and sending him out to rattle cages for 10 minutes a night. As I wrote on Friday when Wilson signed his contract, maybe his game continues to evolve and he produces more. Fact is, though, there really isn’t a player in the NHL right now that has signed a contract like this with the sort of production he has put on paper.

That makes it a contract worth evaluating a little more critically, especially when much of the argument for it is based on things we can not easily see.

Taking a deeper dive into this, I went back over the past 10 years and looked at forwards that signed larger, big-money contracts that did not necessarily match their level of production. Specifically, I looked at players that had played at least 300 games in the NHL and averaged less than 0.45 points per game (less than a 35-point pace over 82 games) at the time of their contract signing.

It is a group that includes Wilson’s new deal.

Here are the biggest contracts in that group (at least four years in length, worth at least $3.5 million per season), ranked by largest salary cap hit.

Look at that list, and then ask yourself this question: How many of them would you say have worked out favorably for the team that signed them?

  • Clarkson, Bickell, and Beleskey have already traded or dumped by the teams that originally signed them.
  • Sutter and Abdelkader have no-trade clauses as part of their deals. Given Detroit’s salary cap situation Abdelkader’s deal looks especially problematic. He is 31 years old, still has five years remaining, and over the past two years has scored a grand total of 20 goals in 140 games.
  • Shaw and Clutterbuck have no such clauses in their deals, and would it really be a surprise to see one (or both) be traded before their deals expire? Especially Clutterbuck as the Islanders have assembled a collection of fourth-line players just like him (on equally bizarre long-term contracts).
  • Upshall is the only player on that list that, as of now, played out the entire contract with the team that signed him.

Aside from the group shown above, there were another 22 players with similar stat lines that signed contracts of at least four years in length (Paul Gaustad shows up twice on this list because he actually signed two such contracts, one in Buffalo and one in Nashville).

How did that group turn out?

  • Two of those contracts (the Jay Beagle/Antoine Roussel duo in Vancouver) are starting this season.
  • Four players (Zack Smith, Casey Cizikas, Derek Dorsett, and Dale Weise) are still with the team that signed them … for now.
  • Five players played out the entire contract with the team that signed them.
  • Ten players either had their contracts bought out or traded before the end of them. In many cases within the first two years of signing the contract.

The point here isn’t to downplay defensive play, or penalty killing, or any number of intangible things that go into a player or a team, because there is value to them. But the thing that stands out about a lot of these players that were given contracts based largely on those things we can’t see is that in many cases those teams quickly realized they maybe weren’t worth the big dollar numbers and either traded them or moved them out, either to dump salary or give that salary to players that, quite simply, produced more.

Perhaps the simplest way to put all of this: Pay big money for what you can see. Not what you can not.

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.

Where they stand: Pacific Division

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As summer rolls on, PHT will examine the four NHL divisions and see how each individual team stands.

Previously: Atlantic DivisionMetropolitan Division, Central Division

Anaheim Ducks

Summer summary: Big-picture, the Ducks are the same: a team with an excellent goalie who has had bad injury luck (John Gibson), mostly creaky top forwards, and a veritable war chest of quality young defensemen. They didn’t even make Gibson their first goalie under a long-term and expensive contract in … ages? (Since Jonas Hiller? J.S. Giguere?) Gibson remains without an extension, entering the last year of his dirt-cheap $2.5 million per year bridge deal.

The defense got a little younger in saying goodbye to the likes of Kevin Bieksa for veteran-yet-28-year-old Luke Schenn, even if it didn’t really get much better (Andrej Sustr‘s nickname might as well be “blah”).

They also gave Adam Henrique a somewhat-frightening extension.

After being swept by the hated Sharks in the first round, the Ducks waddled idly.

(Sorry, had to.)

More to do? Forwards Ondrej Kase and Nick Ritchie remain without contracts as RFAs, which will eat into the budget-conscious team’s $8.734M in cap space (via Cap Friendly, as usual).

Beyond that, the Ducks really should try to sign Gibson to a team-friendly deal (in my opinion), and maybe extend Jakob Silfverberg as well.

Longer term, Anaheim needs to do some soul-searching. Corey Perry, Ryan Getzlaf, and Ryan Kesler are all 33. Getzlaf and Perry both cost a ton for three more seasons, while Kesler’s contract runs one more year (through 2021-22). For a franchise that can be a little tight with cash, tough questions must be asked about whether this core can really contend.

If the answer is “No, we can’t compete with these guys,” then Murray would be wise to swallow a bitter pill and blow things up. Otherwise, the Ducks risk wasting money and being mediocre.

Where they stand? In the short term, there are some reasons to be optimistic.

This team dealt with some serious injury issues in 2017-18, yet Gibson and others kept them afloat, sometimes with ridiculously understaffed roster talent. If Murray’s going glass-half-full, he could picture a better season.

On the other hand, the speculation isn’t rosy for Kesler, and Perry looked pretty long in the tooth last season. If, say, the Oilers and Flames get their acts together, the Coyotes climb, and the Central remains deadly, the Ducks might get squeezed out.

This franchise has been able to find diamonds in the rough and work things out before, but right now, the outlook is a bit dreary.

Arizona Coyotes

Summer summary: Aside from maybe reaching for Barrett Hayton with the fifth pick, the Coyotes have enjoyed another pretty excellent off-season.

Maybe most importantly, they signed Oliver Ekman-Larsson to a contract that will essentially cover his prime, and it came cheaper than other stars like Drew Doughty. That could end up being a gem, but even if it was smack-dab in where he’s valued, it was huge not to lose a face-of-the-franchise.

The Coyotes also moved an up-and-down young player (Max Domi) for a more stable scorer who may thrive out of the Montreal malaise (Alex Galchenyuk). They then took on Marian Hossa‘s cap space to get a nice find in Vinnie Hinostroza, and also signed Niklas Hjalmarsson to what could be a nifty extension.

With Jordan Oesterle and Michael Grabner also injected in the mix, and maybe Dylan Strome possibly ready to finally help out, the Coyotes seem to be trending up.

More to do? Nothing too pressing. GM John Chayka should merely consider the cost-benefit analysis of possibly extending some players who will see their rookie contracts expire after 2018-19.

The biggest name, and maybe the guy with the biggest risk-reward question, is Jakob Chychrun. The 16th pick of the 2016 NHL Draft (who many expected to go higher) has experienced a stunted development so far, in part because of injuries. It’s tough to tell what the Coyotes really have here, although that’s the incentive to doing something early: if he ends up being a gem, Arizona might be able to land a bargain.

Where they stand? The Coyotes improved by pretty significant steps this summer. The questions are: how much better did they get, and how much farther do they need to go to really be a factor in the Pacific?

From here, the Coyotes boast modern-style pieces (and versatility) on defense, an interesting goalie duo (with Antti Raanta being the most promising, of course), and a very young offense that seems intriguing but maybe lacks the high-end weapons to really stand out.

The thing is, teams heavy with young players can sometimes make bigger leaps than expected. The Coyotes are being aggressive in trying to make that happen, sooner rather than later.

Calgary Flames

Summer summary: In 2017-18, the Flames ranked among the most puzzling NHL teams, boasting high-end talent that never really put it together. Management clearly saw reasons to make some pretty dramatic changes.

To start, Glen Gulutzan has been replaced by former Hurricanes head coach Bill Peters. It’s an open question if Peters – whose Hurricanes never made the playoffs – will rank as an upgrade, or a significant one in that.

Some of Peters’ guys replaced some prominent Flames, as Calgary stole some draft weekend headlines by swapping Dougie Hamilton, Micheal Ferland, and prospect Adam Fox for Noah Hanifin and Elias Lindholm. (The Flames were twiddling their thumbs a bit during the draft itself, as 2017’s Travis Hamonic trade cost them their first-rounder. Oops.)

That wasn’t the only bold move for Calgary, as the Flames handed James Neal a five-year contract that carries a $5.75M cap hit.

Whether you’re hot or cold on the Flames’ off-season, you can’t accuse them of doing nothing.

More to do? The Flames already warped the postscript of the Hamilton trade by giving Lindholm a meaty extension. They figure to complicate the viewpoint again whenever they hammer out a contract with Noah Hanifin, a 21-year-old RFA.

Considering that Hanifin can say “I’m a high first-rounder and you traded Dougie Hamilton for me,” it wouldn’t be surprising if the speedy blueliner eats up much of the Flames’ estimated $5.39M in cap space.

GM Brad Treliving also must consider extending pugnacious forward Matthew Tkachuk, whose rookie contract only has one year left.

Where they stand? Even though many (raises hand) view the Hamilton trade as a downgrade for Calgary, the Flames still seem like a formidable team on paper.

Tkachuk’s line tends to hog the puck and befuddle defenses. The Johnny GaudreauSean Monahan duo is deadly, and could be even more dangerous if Neal and/or Lindholm really click with them. These off-season additions may finally help Calgary provide those lines with some supporting punch, Hanifin may very well break through, and Mark Giordano hopefully still has it as a Norris-level defenseman.

Still, there are reasons to worry. The Flames seem like they’re once again going to ask a lot of Mike Smith, who’s already 36. Giordano may hit the wall in a big way at 34. Hanifin might merely be solid instead of very good.

In this era of parity, it’s rare to see a team that could just as easily contend as miss the playoffs altogether … although maybe that’s the trademark of the Pacific Division as a whole?

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Edmonton Oilers

Summer summary: The Oilers could do worse than unveil a big banner that merely states “We didn’t make a bad trade!”

Edmonton’s moves were the definition of marginal, while they made a sensible-by-consensus pick by selecting Evan Bouchard with the 10th overall selection. A team with the best hockey player in the world shouldn’t get points for merely not shooting itself in the face – giving Connor McDavid more help would have been ideal – but you have to grade Peter Chiarelli & Co. on a curve at this point. So they didn’t fail, that’s nice.

More to do? Darnell Nurse, RFA defenseman and the seventh pick from 2013, still needs a contract. Getting that situation right (ideally with a cheap AAV and solid term, rather than a bridge deal) would brighten the outlook of a mostly tepid summer for Edmonton.

Again, the not-doing might be best for Chia. He didn’t stretch too far to exacerbate the Milan Lucic mistake. Despite rumors, affordable, solid defenseman Oscar Klefbom wasn’t recklessly moved, either. Not trading Ryan Nugent-Hopkins was probably the wiser choice (again, because Chiarelli), too.

Management needs to think long and hard about the future of their goaltending position. Cam Talbot had a rough season, and he’s entering a contract year. If he’s still the guy, he’d be a heck of a lot cheaper to sign today than if he bounces back. If not, why didn’t the Oilers take a flier on someone who might be a better answer?

Oh, because the Oilers actually decided to do the “potato vs. GM” bit? Not going to mash them up for that, honestly.

Where they stand? Do they have Connor McDavid and Leon Draisaitl? If so, pencil them in for “plausibly competent.”

It’s still a little disconcerting that management is asleep at the wheel, with Chiarelli and Todd McLellan possibly in place to make the wrong adjustments, or few adjustments at all.

Certain situations might improve just by default. A rebound season for Talbot is feasible. Lucic being OK isn’t that outrageous, even if the climb might be short.

That said, this team missed the postseason by a mile, and didn’t really get better. Not great, yet maybe not “#FreeConnor” territory just yet.

Los Angeles Kings

Summer summary: It happened about a decade later than they probably would have preferred, but the Kings finally landed Ilya Kovalchuk.

Kovalchuk, 35, ranks as one of the more intriguing wild cards of the off-season. How close is he to the world-class sniper who left the NHL with exactly as many points as games played (816)? If he has much left, we’ll probably see it, as Anze Kopitar essentially worked miracles with mediocre linemates last season.

The Kings also convinced Drew Doughty to sign an eight-year, $88M contract extension that begins in 2019-20. Los Angeles is clearly hoping that Father Time ends up being friendly.

More to do? Nope, not really. For better or worse, the Kings’ most significant players are pretty locked-in.

Where they stand? To a slight surprise, the Kings made a run to the 2018 Stanley Cup Playoffs, though being summarily swept by Vegas is a bullet point for those who don’t expect them to rank as true contenders.

The Kovalchuk addition is intriguing, and possibly a real boon. Los Angeles is expected to put him in “Ovechkin’s office,” which is a more conducive place for production than what Kovalchuk often did: massive power-play minutes, but patrolling the point for the most part.

It’s also worth noting that Jeff Carter‘s 2017-18 was derailed by injuries, so if both of those situations go well, the scrappy Kings suddenly boast two of the better (albeit older) snipers you’ll find.

Personally, this seems like a bubble team, as long as the aging curve doesn’t equate to gravity pulling the Kings down in a more drastic way.

San Jose Sharks

Summer summary: 2018 will stand as “The Summer of What Could Have Been?” for San Jose. They missed out on Kovalchuk and John Tavares, instead settling for quite a few re-ups with current players such as Tomas Hertl and Logan Couture. They also convinced Joe Thornton to stick around for another year.

GM Doug Wilson wasn’t just snoozing in a tanning bed, though, as he essentially laundered the Mike Hoffman trade, getting rid of Mikkel Boedker‘s heinous contract and grabbing some assets for his trouble.

More to do? This summer’s to-do list is checked off (though they might need more time for “Be sad about Tavares”), but some future-focused questions remain. The biggest: what to do with Joe Pavelski?

Pavelski’s in the last year of his deal and is, somehow, already 34. Maybe the Sharks ride this out and sign him short-term, go with a long-term deal, or part ways sooner rather than later. It’s not necessarily an easy decision, but one way or another, a choice is looming.

Where they stand? The Sharks feel like they’re in a similar place as their California neighbors/rivals: there’s talent here, some of it frighteningly aging, and there are some sunny best-case scenarios.

On the other hand, this is a team that’s no longer dominating the regular season, and expectations are generally more muted. Could they go on another run, like when they fell to Pittsburgh in the 2016 Stanley Cup Final? Sure, but they could just as easily fizzle out early in the playoffs, or even really flame out and miss them altogether.

Vancouver Canucks

Summer summary: The Sedins are officially gone, the Canucks made the smart move in drafting college-bound defenseman Quinn Hughes, and the team decided to keep Jim Benning as GM for reasons. (Trevor Linden’s had enough, though.)

Benning continues to confound in free agency, handing matching four-year, $12M head-scratchers to Antoine Roussel and Jay Beagle. Such moves would already be questionable for a team expecting them to be “playoff warriors,” but as a team with a skill deficit that remains huge, that’s some bad stuff.

At least they’re starting to gather some nice prospects.

More to do? Not much, although well-coiffed sniper Brock Boeser‘s entering a contract year. Maybe sign him to an extension during an early low-note in the regular season to give fans a boost?

“Not trading Christopher Tanev” might be a worthy consideration, though.

Where they stand? They’re bad, and the ideal scenario is probably to be bad enough to try to pair Quinn Hughes with his brother Jack Hughes. Come on, admit that it would be really cool for the Canucks to quickly transition from the Sedin twins to the Hughes brothers. Philadelphia might need to re-brand to “The Other City of Brotherly Love” at that rate.

Vegas Golden Knights

Summer summary: Credit Vegas with showing restraint in not overreacting to an unlikely playoff run, although the counter-argument is that a risky extension for Marc-Andre Fleury counts exactly as not showing restraint.

GKGMGM (Golden Knights GM George McPhee) decided to allow James Neal and David Perron to walk in free agency. That’s mostly prudent considering the actual makeup of the team, although I wonder if McPhee realized how affordable (four years, $4M AAV) Perron would end up being.

The Golden Knights didn’t just rack up losses, though, as they convinced steady center Paul Stastny to sign a very fair three-year deal. Hockey fans also get to find out if Daniel Carr and Curtis McKenzie ended up being the next diamonds in the rough (er, aces up the sleeve?) in Vegas.

More to do? Vegas still faces some challenging negotiations in locking up RFAs William Karlsson and Shea Theodore. Karlsson’s arbitration hearing is set for Aug. 4, so we’ll see if they hammer out a deal between this moment and the deadline for a verdict.

The Golden Knights also may consider signing some extensions beyond the scary (if understandable?) one for MAF. Nate Schmidt, Alex Tuch, and Deryk Engelland all enter contract years in 2018-19.

Granted, with the maybe-unsustainable success Vegas enjoyed, they might be better off letting some of those guys settle down a bit first.

Where they stand? Uh oh, this is a trap, isn’t it?

You’d have to be a bold gambler to expect the Golden Knights to make another deep run, as they did in their infant season by falling in the 2018 Stanley Cup Final. Vegas rode some positive forces, most clearly Fleury playing at a level in both the playoffs and regular season that we’ve rarely seen since Tim Thomas was on good terms with his Boston Bruins teammates.

Fleury’s almost certain to stumble to at least human levels, and that could bring Vegas down with him. There are also plenty of players capable of regression following career years.

On the other hand, there is talent here. The Karlsson trio, particularly Jonathan Marchessault, sure seemed pretty legit, even if they might eventually be better cast as a very, very good second line. This remains as soundly built an expansion team as the NHL’s ever seen, and maybe the best in contemporary professional sports.

Will they once again contend? It’s fearful to doubt them yet another time, but probably not. Could they make the playoffs? That’s not outrageous, yet that may come down to a favorite/most-reviled factor in Vegas: luck.

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.

Tom Wilson cashes in with $31 million extension

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The Washington Capitals will have you believe the value that Tom Wilson brings to their team is more than what you see on the stat sheet.

The classic “you can not always put a number on it” kind of player.

He is not a goal-scorer. He is not a big point-producer. He is probably never really going to score like a true top-line player. What he does do is kill penalties, and play a physical, defensive game where he throws his weight around and gets under the skin of opponents.

While it may not always be measured on the stat sheet, you can certainly put a dollar amount on it. At least as far as the Capitals are concerned.

That dollar amount is apparently a little more than $31 million over six years.

That is the contract the Capitals signed Wilson, a restricted free agent, to on Friday night. That contract comes out to a salary cap hit of $5.17 million per season and reportedly carries a modified no-trade clause years three through six of the contract.

“Tom is an invaluable member of our team and we are pleased that he will play a great part in our foreseeable future,” General manager Brian MacLellan said in a statement released by the team. “Tom is a unique player in this League. At 24 years of age, he has an impressive amount of experience and we believe that he will only continue to grow and improve as a player. With his ability to play in virtually any game situation, teams need players like Tom in order to succeed in the NHL.”

By re-signing Wilson the Capitals are bringing back almost all of the roster that won the Stanley Cup this past season (minus center Jay Beagle and backup goalie Philipp Grubauer). It is also a significant number for Wilson as it pays him almost $2 million more per season than playoff hero Lars Eller, and just a few hundred thousand less than T.J. Oshie.

The 2017-18 season was Wilson’s most productive in the NHL as he finished with a career-high 14 goals and 35 total points, while getting a significant amount of time on the team’s top line alongside Alex Ovechkin. It was the first time in his career that he scored more than seven goals and only the second time he topped 20 points (his previous career high before this season was 23).

If you are the Capitals the argument in favor of the contract is, again, that Wilson does other things that do not always show up on the stat sheet, and that at age 24 he might still be developing as a player. The former argument probably carries some weight (whether those things are worth more than $5 million per season is certainly up for debate), but the latter would probably be a tough sell. Wilson is entering what should be his prime years in the NHL and, including playoffs, has over 400 games of experience. While he may not be an older player, he is not exactly young when it comes to his development. What you see at this point is probably what you are going to get.

Again: These should be his peak years, and his best year offensively to this point while spending a lot of time alongside a living NHL legend was 14 goals and 35 points. How much more development is there?

When you pay a player more than $31 million over six years you are paying that player like a top-liner. There should be an expectation for top-line production along with the other stuff (defensive play, penalty killing, whatever other intangibles you want to talk about).

He is also one of the game’s … let’s say … controversial players given his style of play. He is not only physical, he often times skates a fine line with the NHL’s department of player safety that can get him into trouble. He was involved in a number of controversial plays in the Stanley Cup playoffs, including hits on Columbus’ Alexander Wennberg, Pittsburgh’s Brian Dumoulin and Zach Aston-Reese, and Vegas’ Jonathan Marchessault. The hit on Aston-Reese earned him a three-game suspension, was his third suspension of the 2017-18 season.

Still, he is a good defensive player, and he is a good penalty killer, and he is obviously a player the Capitals highly value.

How much his game continues to evolve offensively in future seasons will go a long way toward determining whether or not they are correct in that valuation of what he provides.

Related: On Tom Wilson, player safety, and avoiding suspensions

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.

Where they stand: Metropolitan Division

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As summer rolls on, PHT will examine the four NHL divisions and see how each individual team stands.

Previously: Atlantic Division

Carolina Hurricanes

Summer summary: If your main complaint about the Hurricanes was about the franchise getting too stagnant – considering that they’ve missed the playoffs since being swept from the 2009 Eastern Conference Final – then the team has you covered. Ron Francis is out as GM, making way for Don Waddell. Rod Brind’Amour replaced Bill Peters as head coach. And the team will look different on the ice, too.

It was quite the draft weekend for the Hurricanes. To start, they selected Andrei Svechnikov, a forward who might be the sort of true game-breaker they crave, with the second overall pick. While that was a no-brainer, they made waves the next day by sending Noah Hanifin and Elias Lindholm to Calgary for Dougie Hamilton, Micheal Ferland, and prospect Adam Fox.

Cam Ward‘s finally gone, with Petr Mrazek coming in with the hopes of supporting Scott Darling after a disastrous first season as Carolina’s would-be No. 1 goalie. To avoid introducing too much change, Carolina maintained its status as analytics darlings by adding solid defenseman Calvin de Haan to an increasingly impressive group.

More to do?: The Hurricanes come into 2018-19 with a ton of cap space and an anxiousness to break the playoff drought, so you wonder if they might want to jump in, say, the Max Pacioretty sweepstakes.

Every indication – seriously, just about every indication – is that the Hurricanes will be on a tight budget, however, so there might not be many big moves brewing.

That said, perhaps Jeff Skinner gets traded? The talented skater is entering a contract year, and the Hurricanes might not want to cough up a new contract, so we’ll wait and see there.

Where they stand: In a familiar place, seemingly on the precipice of a breakthrough, yet also with serious questions about goaltending.

(The more things change, the more they stay the same, huh?)

The Hurricanes boast quite a bit of talent, but also a lot to prove, especially with a new coach and Hamilton stepping in as a prominent new defenseman. Will they fall short of the hype once again?

Columbus Blue Jackets

Summer summary: Generally speaking, the most prominent talk about changes in Columbus revolve around next summer.

Both Sergei Bobrovsky and Artemi Panarin are entering contract years, and Panarin in particular seems to be a tough nut to crack. The Blue Jackets might feel the need to trade Panarin rather than seeing him walk for nothing (except cap space) in free agency. It’s a disquieting situation, as Panarin showed signs of being the difference-maker the Blue Jackets have lacked ever since they climbed into relevance.

Columbus did make some nice low-risk, medium-reward plays, though. Anthony Duclair is an interesting addition considering his bargain rate, and Riley Nash could be a savvy pickup, too.

More to do?: Again, sorting situations out with Panarin and “Bob” should keep the Blue Jackets very busy.

Not much has been made of this, but Cap Friendly pegs their space at about $5.63 million, and that’s with an overstuffed roster. If the Blue Jackets decide to just roll the dice in 2018-19 and then let the pieces fall how they may when it comes to Panarin, maybe they’d be wise to try to land an expiring contract? Skinner, Max Pacioretty, and Erik Karlsson all could conceivably push this team over the top.

The Blue Jackets could justify a vacation before things pick up, generally, as most of their concerns are more forward-thinking.

Where they stand: No doubt, it must be beyond frustrating for Columbus to see the Stanley Cup winner come out of their division for three seasons in a row, yet they still haven’t won a single playoff series as a franchise. Such frustrations clearly boiled over when Torts beefed about Jack Johnson‘s perceived slights while joining the hated Penguins.

New Jersey Devils

Summer summary: If you count Taylor Hall winning the 2018 Hart Trophy, this was a solid-enough summer for the Devils.

New Jersey deserves credit for restraint, more than anything else, this off-season. Sure, it would be great to continue adding key pieces, as they’ve done for multiple summers now. Still, plenty of franchises overreact to an unexpected postseason surge by making reckless, shortsighted investments.

Instead, the Devils allowed Michael Grabner, Patrick Maroon, and John Moore walk rather than possibly giving them problem contracts. GM Ray Shero clearly prefers maintaining flexibility for the moments when he might be able to land another asset in a winning trade. Can you blame him?

More to do?: Unless the Devils are lurking on another big deal, it’s mostly smaller stuff, like signing RFAs Miles Wood and Steve Santini. It might not hurt to start battering around potential extension offers with Will Butcher, though, as he’s on a deal that expires after 2018-19.

Where they stand: Hall provided a Herculean effort to get the Devils into a surprise spot in the 2018 Stanley Cup Playoffs. To make a repeat appearance, he’d almost certainly need to be as good or better this season.

New Jersey heads into this campaign as an underdog once again, yet there’s quite a bit to like about what the Devils are cooking. They still need some help behind Hall to really scare other teams, though.

New York Islanders

Summer summary: *Cough* oh dear, this is awkward.

So, the Islanders began the summer on a relatively strong note. They enjoyed one of the best weekends at the 2018 NHL Draft and brought in Lou Lamoriello as GM, who then hired a reigning Stanley Cup winning coach in Barry Trotz. Pretty, pretty good.

All of that crumbled, of course, when John Tavares decided to leave the Islanders for the Toronto Maple Leafs.

Lamoriello responded to that rebuke by clogging up an already expensive bottom-of-the-order with a blah contract for Leo Komarov, a mediocre signing in Valtteri Filppula, and trading for Matt Martin. Yikes.

At least their moves in net might help stem the tide in that regard. Jaroslav Halak‘s turbulent era is over, as volatile (but occasionally brilliant) goalie Robin Lehner comes in to compete with Thomas Greiss and others.

More to do?: The Islanders need to think long and hard about trading some valuable players entering contract years rather than risking losing them altogether, or signing them to deals that could end up being a waste of money. (Sometimes it’s better just to commit to a rebuild instead of taking half-measures.)

Jordan Eberle, Brock Nelson, and Anders Lee all see their current deals expire after 2018-19. Trading one or more of those useful forwards could give the Islanders’ rebuild another big boost.

Where they stand: Look, the dark times have outweighed the peaks for Islanders fans for decades now. Asking for patience won’t be the easiest sell.

That said, with a budding star in Mathew Barzal, the Islanders have a chance to – in a way – get the Tavares situation right this time. They merely need to look around their division to see teams that landed premium prospects in multiple drafts, made some smart moves on the periphery, and yes, enjoyed some good fortune to turn things around.

Finishing at or near the playoff bubble year after year did them very little good.

New York Rangers

Summer summary: Around trade deadline time, the Rangers embraced a rebuild much like the Islanders arguably should. They took another step in that direction by replacing polarizing head coach Alain Vigneault with David Quinn. The Rangers’ logic all seemed sound here.

Still, as an “it” destination for free agents, there might have been a temptation to, say, throw a bunch of money at Ilya Kovalchuk as the latest quick-fix.

(After all, the Rangers have been seduced by headline-grabbing moves essentially since Glen Sather started chewing cigars at MSG.)

Instead, they stood pat, and time will tell if they made the most of three first-rounders and six picks within the first three rounds.

More to do?: The Rangers still have plenty of work to do. Three RFAs still need contracts: promising defenseman Brady Skjei, plus forwards Ryan Spooner and Kevin Hayes. Even modest deals will eat into what’s currently a robust $19.18M in cap space.

More interesting questions loom around some other players. Would the Rangers consider shopping beloved winger Mats Zuccarello, who’s entering a contract year and might not want to stick around for a rebuild considering he’s already 30? Also, if Artemi Panarin favors a market like New York, would the Rangers be able to move closer to competing close to 2019-20? Management needs to answer questions like these.

Where they stand: This team seems fairly transparent about pivoting for at least one season. Credit management for seeing the writing on the wall, though 2018-19 could be painful to watch as a result.

It’s fascinating to wonder how Henrik Lundqvist truly feels about all of this, and how many times he’ll snare victory from the jaws of defeat (maybe to the Rangers’ short-term detriment).

Philadelphia Flyers

Summer summary: Spending $35M over five years is a bit pricey to be called a “mulligan,” but either way, the Flyers brought back James van Riemsdyk after getting hosed in the Luke Schenn trade. GM Ron Hextall’s M.O. mostly revolves around being patient and either trading away lousy deals or letting them evaporate with time, so it should be fascinating to see how an old-fashioned, big-money Flyers signing works out in a more … stable era.

The Flyers showed signs of breakthrough in pushing for the postseason, from Claude Giroux getting his game back on track, the rise of defensemen Ivan Provorov and Shayne Gostisbehere, Sean Couturier‘s ascent, and Nolan Patrick making some significant second-half strides.

More to do?: Somewhat like Columbus, the Flyers’ biggest concerns rest on what to do after 2018-19.

Wayne Simmonds is due a big raise, and it’s plausible that JVR is penciled in to be his replacement. Both Brian Elliott and Michal Neuvirth are entering contract years, so the Flyers’ perpetual goalie questions seem likely to continue. Ivan Provorov’s about to enter the final year of his rookie deal, too.

Clearing up those situations – eventually – will play a big role in Philly’s future.

Where they stand: The Flyers are already translating promise to tangible results. Hyped players like Provorov are producing as advertised.

So it seems like the Flyers have “good” more or less locked down. The next step ranks as one of the toughest mountains to climb in sports: going from good to great. There’s a solid chance that the Flyers can make that leap, but it won’t necessarily be easy.

Pittsburgh Penguins

Summer summary: After falling short of a three-peat, the Penguins made some interesting choices.

The key subtraction was Conor Sheary while it seemed like the team’s machinations went into landing Jack Johnson. By just about any metric (beyond “third pick of the 2005 NHL Draft” and “Sidney Crosby‘s friend”), Johnson isn’t particularly effective. The Penguins’ front office obviously believes otherwise, and their off-season basically comes down to exchanging Sheary, Matt Hunwick, and others for Johnson.

More to do?: Pittsburgh doesn’t have any free agents left to deal with, but there are some pressing issues after this coming season. The biggest wild card is that Jake Guentzel is scheduled to become an RFA after his rookie deal expires. What to pay a player with solid stats in the regular season, but most noticeably, generating an excellent 42 points in 37 playoff games? 

There are other smaller questions. There were also strange rumors about Phil Kessel being shopped (hot take: they probably shouldn’t do that). But, generally speaking, the big picture for Pittsburgh is the status quo.

Where they stand: The Penguins won the Stanley Cup twice in a row, then finished last season in the second round. Despite such an impressive run, Pittsburgh seems poised to contend once again, as they still have Crosby, Kessel, Evgeni Malkin, Kris Letang, and Matt Murray.

There’s always concern about hitting a wall, though, particularly since the Penguins’ core players have so much mileage on them between deep postseason runs, international play, and in many cases a decade-plus of intense NHL play.

Crosby and Kessel are 30; Malkin and Letang are both 31. The Penguins’ window should still be open, probably for a while. Even so, fates can turn on a dime in sports. There’s always the chance that this talented group slips.

Washington Capitals

Summer summary: The summer … you mean, one long hangover for the Capitals? After years of frustration, Alex Ovechkin & Co. won it all after it seemed like the best opportunities went out the window. Repeating won’t be easy, but it’s probably the No. 1 problem the Caps always wanted to have.

The Capitals saw some losses, though smaller than you might expect from a team that just won the Stanley Cup. Jay Beagle was well-liked, but ranks as an expendable “energy guy,” while Brooks Orpik left and then returned. The toughest loss is Philipp Grubauer, an excellent backup receiving his chance to transition into a top guy with Colorado. If Braden Holtby stumbles in the regular season again, the Capitals’ grip on the Metro crown may finally loosen.

Overall, Washington did a nice job keeping players at a reasonable clip, including somewhat unexpectedly managing to retain John Carlson‘s services. Rather than falling into the trap of giving playoff heroes way too much money, the Caps generally leveraged the “we just won” factor to sign Michal Kempny and Devante Smith-Pelly to perfectly reasonable contracts.

Of course, the biggest change of all ranks as quite unusual. You don’t see coaches leave teams they won Stanley Cups with very often (Mike Keenan comes to mind; Jimmy Johnson in the NFL), yet that is exactly what happened with Barry Trotz. Todd Reirden faces the tough task of attempting to repeat as a rookie head coach.

More to do?: Tom Wilson remains an RFA without a salary arbitration date, which could make contract negotiations tricky. Aside from Andre Burakovsky and Jakub Vrana, the Capitals don’t really have many tough contract situations to sort out in the near future, either.

Interestingly, Washington might actually be in a halfway-decent spot to try to land a premium rental. While Wilson will eat up a significant chunk of the available space, Cap Friendly puts Washington’s room at about $6.27M right now.

Where they stand: They’re the defending champions and they didn’t lose a major piece of their roster. In hindsight, it’s easy to see why the Capitals won: they have two fantastic centers, the world’s most lethal sniper, a reliably excellent goalie, and some other very nice supporting cast members to buoy their chances.

Like their BFFs in Pittsburgh, there’s concern about the aging curve, though both teams are more likely to worry about tougher days on the horizon rather than next season.

Still, it’s worth noting that Ovechkin is 32, Nicklas Backstrom is 30, and T.J. Oshie is somehow 31. They aren’t ancient by any stretch, but some players hit the wall sooner – and harder – than others.

Considering the victory parade that may stretch (unofficially) through the regular season, it wouldn’t be surprising if the Capitals see a slight dip through the dog days of 2018-19. It’s most likely that they’ll place themselves in a strong position to defend their title once the games start to matter quite a bit more.

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.