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Stars approach trade deadline with fascinating future

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As the smoke cleared for the Dallas Stars (after streaming from CEO Jim Lites’ ears), the team has been riding great goaltending and Tyler Seguin’s brilliant work to maintain the playoff spot they were struggling to keep before that on-the-record meltdown.

While strange things could always happen, the most likely question won’t be if the Stars can clinch a spot in the 2019 Stanley Cup Playoffs, but rather if they wrestle the Central’s third seed back from the Blues, or settle for a wild-card spot.

This brings up inevitable questions, then: should the Stars be buyers at the trade deadline, and if so, to what extent?

Stars GM Jim Nill told NHL.com’s Mike Zeisberger that he’s interesting in adding offense, yet Nill also admits that other teams are going after the same thing, and that the market is pretty unpredictable right now.

“We’re very open to anything,” Nill said. “I think there are a lot of teams, because of how tight things are in the standings, they’re waiting to see where it all goes. So over the next two weeks that’s something we’re going to watch. We’re very open to making a hockey trade if it’s going to make us better. If we stay in the hunt the way we are, we’re open to adding to our team.”

The Stars are in an interesting situation as it comes to the 2018-19 season, but the future could be even brighter if they make the right moves. Let’s analyze the situation.

Keeping the goals down

One thing that jumps off the page is just how great the Stars’ goaltending has been. Between Ben Bishop and Anton Khudobin (plus two effective Landon Bow games), Dallas’s team save percentage is at an outstanding .923, compared to a league average of .908.

Is that the sort of thing that’s sustainable, though? There are a few arguments in favor of that continuing, and some points against it, too.

While the Stars tend to lose certain possession battles according to measures such as Corsi/Fenwick, they’ve been the seventh-best team at preventing high-danger chances against at even-strength, according to Natural Stat Trick.

The track records of Bishop and Khudobin are a mix, too. On one hand, Bishop’s had some great seasons, even if you ding him a bit for playing behind strong Lightning teams; meanwhile, Khudobin’s had quite a few strong years where he arguably should have been a starter or at least a 1B goalie on certain teams. The negative side is that injury concerns hover over Bishop, who’s a big goalie and is currently dealing with an ailment. Both goalies are 32. That’s not ancient, but as the league gets faster and more skillful, that number is more concerning.

The Stars have enjoyed goaltending success with Norris-level defenseman John Klingberg out for a chunk of the season, and with Miro Heiskanen needing to gradually earn more and more trust from his coach. It stands to reason that those young defensemen might provide even greater value as time goes on.

Goalies are unpredictable, and it’s tough for any group to play at the Stars’ level. There’s a decent chance they’ll be above league-average down the stretch, though — just maybe not to such an extreme.

A lane is opening up

There was a time when both Jamie Benn ($5.25M from 2012-13 to 2016-17) and Tyler Seguin ($5.75M from 2013-14 through this season) were dirt-cheap for the Stars, yet Dallas frustratingly failed to capitalize on such opportunities.

You’d think that the Stars would be doomed starting in 2019-20 with Benn currently on a long-term deal at $9.5M and Seguin about to begin an extension that carries a $9.85M cap hit, but this team could be in a shockingly strong position if they play their cards right. And get a little luck.

Between Jason Spezza ($7.5M), Marc Methot ($4.9M), and Antti Niemi‘s buyout ($1.5M), the Stars have a ton of bad money set to expire after 2018-19, and stinkers like Martin Hanzal‘s $4.75M evaporate after 2019-20.

When you consider the Stars’ -1 goal differential and other telling stats, it’s probably not the wisest idea to go all-in this trade deadline. Instead, Dallas could be in a very interesting situation if they decide to let the chips fall, although they could be excused if they went after a cheaper rental.

We’ve seen Matt Duchene with an acoustic guitar, so maybe he’d get on cowboy boots and settle in Dallas? Does Artemi Panarin consider Dallas the sort of city he craves? What’s Mark Stone‘s opinion about BBQ?

Maybe the Stars could be proactive and creative in doing a sign-and-trade to land a Panarin or Stone now, using Spezza’s big contract or something else to make the money work now. But the point is that the Stars shouldn’t settle for short-term gains when they could swing for the fences mere months later.

Yes, there are some worries. The aging curve seems to be hitting Jamie Benn hard already at 29. Bishop’s deal might not age well, since it runs through 2022-23. Despite some concerns, there are scenarios where things work really well for Dallas.

***

With Seguin settled, Klingberg on a bargain $4.25M deal through 2021-22, and Heiskanen’s entry-level contract running through 2020-21, Dallas has space opening up soon, without having too many big-ticket players to retain for some time.

Nill might feel like he’s on the hot seat, but for the sake of this franchise, hopefully the Stars don’t mess things up with panic trades, because some Texas-sized opportunities could open up very soon.

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.

Should Koivu injury push Wild to be trade deadline sellers?

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Mikko Koivu‘s season-ending injury is a brutal blow to the Minnesota Wild in 2018-19. There’s no getting around that. But it also might provide the push this franchise needs to make lasting changes that might make their future brighter.

Up to this point, the Wild have been middling at best.

To Bruce Boudreau’s credit, they’re a team that essentially grinds opponents to paste, limiting chances against and playing suffocating defense, allowing them to overcome what’s been a low-key disappointing season for Devan Dubnyk. It hasn’t been pretty to watch (their -4 goal differential captures the small margin for error), but it’s worked — enough. It flies in the face of the golden era of Boudreau’s love of ice cream and offense with the Capitals, but the Wild look likely to squeak into the 2019 Stanley Cup Playoffs.

Is just making the playoffs good enough for the Wild any longer, though?

[Koivu suffers tear to MCL, ACL]

Sometimes a bad break can actually force a team to do some soul-searching, and the truth is that Koivu’s injury should inspire new GM Paul Fenton to perform some roster surgery. As it is constructed, this team had a decent run, but this might just be nature’s way of forcing change.

(Considering all his mileage at age 35, you could glumly argue this was bound to happen for Koivu.)

Things to remember

The Wild currently don’t have picks in the fourth or fifth rounds of the 2019 NHL Draft, while they have an extra sixth-rounder.

Former GM Chuck Fletcher (understandably) sold off picks here and there to try to compete. In cases like the Martin Hanzal trade, it cost the Wild picks as valuable as a 2017 first-rounder. They lacked a first or second-rounder in 2017, didn’t draft in the second or third round in 2016, and so on.

A younger version of this core group didn’t make a big surge despite that spending, and the returns seemed to be diminishing even before Koivu’s season abruptly ended. And, it’s early, but the Nino NiederreiterVictor Rask trade argues that the Wild might not be best served going for “lateral” trades.

It’s time to sell.

Trade targets both reasonable and bold

Let’s fire off some suggestions for Fenton, then.

  • Eric Staal (34 years old, $3.5 million cap hit expires after 2018-19): Considering that Staal scored 42(!) goals and 76 points last season, there’s a scenario where Fenton would have been bolder, and put his stamp on this team by trading him heading into this season.

That would have been riskier, but it also would have been an example of selling higher.

Now it’s tougher, because they’d likely get less for the veteran center, and they also “need” him that much more in the context of this season. But, considering his age, the Wild’s middling station, and his expiring contract, it would be foolish not to try to get something for Staal.

It might hurt, because he’s not far removed from honestly underrated work. Staal’s also still a hearty possession player. But if the Nashville Predators were willing to cough up a second-round pick for Brian Boyle, imagine what a scorer with Staal’s two-way abilities might fetch, even in what’s been described as a crowded market? And, hey, Staal’s budget-friendly at $3.5M, and could be even more appealing if Minny decided to retain part of that cap hit.

  • Zach Parise and Ryan Suter (both 34, both about $7.54M cap hits, both through 2024-25): I don’t think the Wild would do this, I’m not sure another team would fall for a sales pitch on either player, and both players sport no-movement clauses, in part to sign with a team close to home.

Still, if I’m Fenton, I’d at least float the idea as tactfully as possible. Those contracts have terms that are scarier than wondering through a dark hallway in “Resident Evil 2,” and there may never be a more palatable time to hit the reset button. Parise’s had a resurgent season (46 points in 52 games), and teams might be willing to look past Suter’s term in a desperate search for a minutes-eating defenseman.

Can’t hurt to ask/beg, particularly if they’re convinced they’d be able to contend elsewhere.

  • Younger players like Charlie Coyle (26, $3.2 million, expires after 2019-20)

The pressing question any rebuilding team needs to ask when it comes to prime-age players is, “How long will it take us to contend?”

It’s a question that demands a high level of self-awareness, so the good news is that Fenton isn’t tied to years of decisions like Fletcher was. Where Fletcher might think to himself “if I cut ties with this player, it means I was wrong,” Fenton won’t have that same crisis of confidence.

So, how important is a player like Coyle to the rebuild? The Wild only get him for cheap, for sure, for one more season after this one. If teams really covet his versatility, potential, and manageable cap hit, then the Wild might want to make another tough decision.

If Minnesota decides they want to move Coyle, they should do it by this deadline, so they could sell the “two playoff runs” argument that worked well with Derick Brassard, and was squandered with Erik Karlsson.

Other moves to consider

The Wild really shouldn’t leave any stone unturned.

If Devan Dubnyk wants out, maybe that would be for the best. He’s had a rough season, but less observant GMs might not have noticed, especially since Dubnyk had a great All-Star performance.

(Seriously, there are probably a few GMs who would just remember the All-Star thing and ignore his more troubling recent numbers, such as a considerable drop in even-strength save percentage.)

Boudreau’s one of the best coaches in the NHL, yet it might get to the point where this resembles someone gripping sand as hard as they can, only to lose more and more.

As much as Fletcher boxed the Wild in with bold moves that provided middling results (and serious problem contracts for Parise/Suter), Fenton still has some room to maneuver. That won’t mean it will be easy, but then again, didn’t Fenton wait all this time for a challenge?

The status quo hasn’t really worked for the Wild, so the potential sweetness from the bitter Koivu injury is that they might be forced to make some changes.

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.

Will all this drama derail the Stars?

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The drama just never seems to stop for the Dallas Stars, although things do get kind of boring when this team actually tries to score goals. Worse yet, the Stars aren’t piling up PR losses alone any longer, as Dallas is now mired in a four-game losing streak.

The latest drama

Thursday presented the latest episode of “As the Stars Turn,” with embattled Stars coach Jim Montgomery deciding to bench Alexander Radulov – one of the team’s precious few actual scorers – for the remainder of the first period after an argument.

Such a tactic clearly isn’t about X’s and O’s, but instead about sending a message. If the message was sent, perhaps it was taken by carrier pigeon, as the results weren’t immediate. The Stars dropped a sad 2-1 loss to the lowly Los Angeles Kings on Thursday. During this span (all regulation losses), the Stars have scored a measly three goals. Total.

As Matthew DeFranks of the Dallas Morning News and others report, Radulov was able to cool off from his argument with Montgomery, eventually saying that his benching was “the right decision.”

Plenty of other people in the hockey world aren’t so easily convinced, and judging by Montgomery’s comments, even the coach might (deep down) have some second thoughts.

“Every decision we make is what’s best for the Dallas Stars, and at that moment, I thought that was best for the Dallas Stars,” Montgomery said. “When you’re struggling to score goals, it’s hard to do with a player of that caliber.”

In isolation, maybe Radulov did need to be reprimanded. The Athletic’s Sean Shapiro (sub. required) and others point out that Radulov had been drawing criticism for mental errors, including taking too-long shifts.

The questionable decisions and self-inflicted wounds really pile up when you look at the bigger picture, though. And that picture isn’t pretty.

Passing the buck

Ever since Stars CEO Jim Lites absolutely trashed Tyler Seguin and Jamie Benn before the end of 2018, the Stars have suffered an almost unending run of embarrassing moments, and most of management’s wounds seem resoundingly self-inflicted.

After all, Lites went out of his way to throw Seguin and Benn under the bus, chiding bloggers to “write this!”

Since then, there’s been a steady stream of mistakes, and it doesn’t really seem like management is ever turning the discussion inward, at least on the record. Honestly, I almost picture Stars management transforming into Principal Skinner at some point.

Back in November, Montgomery discussed the Stars’ challenges in depth during a PHT Q&A, and it’s difficult to tell if anything’s changed for the better.

“Where we’ve got to get consistent is valuing our details that allow us to have success on nights when we don’t have legs. That’s where we have, I think, not embraced the process enough.”

All of the messaging seems to be about effort or “character.” Montgomery recently railed against a “culture of mediocrity,” but the thing is, that culture of mediocrity might just be plaguing the Stars’ front office more than the locker room.

This is a franchise that’s frequently failed when it comes to drafting, even whiffing on some crucial first-round picks. Tyler Seguin and Jamie Benn aren’t the ones who have bungled their way through a procession of three different head coaches in three seasons. GM Jim Nill and his staff were the ones who made mistakes like crossing their fingers that Martin Hanzal would somehow become a healthier player as he got older.

Maybe all of this bluster is an attempt to create a smokescreen around something that’s pretty obvious: management has failed to surround Benn, Seguin, Radulov, John Klingberg, and a few others with the proper supporting cast to succeed when they “don’t have their legs.”

Not hopeless yet

All things considered, it’s actually pretty amusing that the Stars would land in the 2019 Stanley Cup Playoffs if they began today.

In fact, the Stars aren’t so far off from the Colorado Avalanche, who currently rest as the third seed in the Central Division (27-18-8 for 50 points in 47 games played, 21 regulation/overtime wins).

Sure, the West’s wild card races are starting to feel like that year in the NFC where the Seattle Seahawks made the NFL playoffs with a 7-9 record, but if the Stars can stumble their way into a playoff berth, maybe they should start to take a more positive approach?

After all, it sure doesn’t seem like anyone’s having fun. From a per-game perspective, the Stars are the third weakest scoring team in the NHL, but they’ve been able to grind out wins thanks to fantastic goaltending and pretty solid special teams work.

Walking such a tight rope can lead to frayed nerves, yet failing to support the players doing the balancing act may throw everything out of whack.

A four-game losing streak, and a tiny margin for error to maintain a playoff spot, sends a message. While management seems to believe that they need to push and humiliate their players, maybe they should instead provide them support with an upgrade in trades — and a pat on the back?

After all, their competition might be just as much of a mess, but they seem to get that memo.

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.

Islanders sign another depth player long-term, and it makes no sense

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You have to at least say this for the New York Islanders offseason: It has not been quiet, and it has definitely been interesting.

They continued making moves on Monday when they first announced a one-year contract for free agent center Jan Kovar after a successful career in the KHL. Kovar was an intriguing player that a lot of teams had interest in given his production in Russia, and he should get an opportunity to play a decent role in New York following the departure of John Tavares in free agency.

Is it a guarantee to work out? Not at all. But it is not a bad gamble for the Islanders to take on a one-year deal.

The move on Monday that raised some eyebrows was the announcement of a four-year — four years! — contract for restricted free agent Ross Johnston.

According to Sportsnet’s Chris Johnston, the contract will pay him $1 million per season.

He has played in 25 NHL games (24 of them coming this past season) and has scored three goals and six total points. He has spent the past three years mostly playing for the Islanders’ American Hockey League team Bridgeport where he has totaled 14 goals and 30 total points in 139 games. He has also accumulated 327 penalty minutes in those games and is a regular when it comes to dropping the gloves.

So the question that needs to be asked here is this: Why the need for a four-year contract — a contract that at Johnston’s age will buy out two years of unrestricted free agency — for a player with that resume?

Also worth asking: Why do the Islanders keep giving long-term contracts to depth players like Ross Johnston?

With Johnston re-signed, and combined with the free agent addition of Leo Komarov, the Islanders now have 10 players signed for at least the next three seasons (some of them for longer).

That list includes…

That is an interesting list to make long-term commitments to.

It does not even include Matt Martin, re-acquired from the Toronto Maple Leafs a week ago, who is signed for the next two seasons.

[Related: Islanders keep stockpiling fourth-liners, reacquire Matt Martin from Leafs]

Bailey is coming off a huge season and even if he does not duplicate it will at least be counted no to be a top-line forward. No problem there.

Ladd’s first two years in New York have been rough but he, too, was at least signed with the intention to be a top-six winger, while Leddy and Boychuk (who is already 34) were signed to be top-four defensemen. Boychuck and Ladd may not have worked out as planned long-term, and they may not have been great risks given the ages at the time of their signings, but they were at least hoping for top-of-the-lineup players. To be fair, Boychuck did give them a couple of years of that sort of play.

The rest of that group, though, is mostly depth players. Players the Islanders have acquired or signed with the intention of being bottom-six or bottom-pairing players. Just about all of them cost between $1.5 and $3.5 million against the salary cap, meaning they are not just significant investments due to their term, but also financially.

This is a bizarre strategy in the sense that almost no other team in the NHL has constructed their roster in this manner. This is not a statement of opinion, either. This is a statement of fact.

Look at it from a numbers perspective.

During the 2017-18 NHL season there were 154 forwards that played in at least 20 games and averaged under 0.30 points per game. Only four of those players logged more than 15 minutes of ice-time per game, and none of them played more than 16 minutes per game. They are all, for all intents and purposes, bottom-six forwards.

Your third and fourth lines have value. A lot of it. The NHL today is about being able to balance four lines that can score, contribute, and impact the game in all situations. As a group, they are important. They are not, however, players that tend to get significant long-term contracts from teams, or players that carry a ton of value individually. Their value is in the sum of their parts. Recent Stanley Cup winners in Pittsburgh, Washington, and Chicago have built their bottom lines with some combination of young players on entry-level contracts, or veterans signed to short-term deals. The latter group of players are usually the first ones to be let go when salary cap space gets tight at the top of the roster. The former group usually plays its way into a bigger role with the team.

Out of that group of 154 forwards mentioned above, only 10 of them are currently signed for at least the next three seasons.

That list, in order of how long their current contracts run: Antoine Roussel, Leo Komarov, Cal Clutterbuck, Jay Beagle, Ross Johnston, Ryan Callahan, Casey Cizikas, Marcus Foligno, Zack Smith, Carter Rowney, Brandon Dubinsky.

Four of those players (Komarov, Clutterbuck, Cizikas, Johnston) are under contract with the New York Islanders.

Two other players on that list (Roussel and Beagle) were signed this offseason by the Vancouver Canucks. Harsh as it may sound, if you are building your team in the same image as the Jim Benning Canucks … that is probably bad.

There are a handful of players on that list that are at the end of longer term contracts. Martin Hanzal, for example, has two years remaining on a three-year contract that he signed with Dallas. Matt Martin has two years remaining on a four-year contract he signed with Toronto (and as noted above, he, too, now plays for the New York Islanders).

This, again, is only looking at forwards and does not even take into account the five-year contract they gave a defenseman like Scott Mayfield.

And it’s not like this is just one general manager doing all of this.

Cizikas, Clutterbuck and Mayfield were all signed on Garth Snow’s watch.

Komarov, Martin, and Johnston were all signed/acquired this offseason following the hiring of Lou Lamoriello.

This is very obviously an organizational approach.

What makes this potentially damaging to the Islanders is they are not really saving any salary cap space or putting the team in a better situation by doing this. Objectively speaking, players like Cizikas, Clutterbuck, Martin, Komarov, and Johnston are not adding much — if any — offense to this team this year or in the future. Out of that group Komarov is the only player that for his career averages more than 0.30 points per game — he is at 0.37. In a league and era where four lines that can score is a necessity, they have five roster spots and nearly $14 million in salary cap space going to plays that are not providing any meaningful offense (and again, that does not include the salaries going to Ladd, Boychuk, etc.) for this season and beyond.

They could almost certainly get the same level of production — if not more — for less against the salary cap by just rotating in different free agents on short-term deals and entry-level players every season. Even if you generously say that each of those players is *only* overpaid by $500,000 or $1 million per season and on their own they are just little mistakes, but as I pointed out following the addition of Martin those little mistakes add up to a few million dollars when you combine them all together.

When you are a team that just lost your franchise player in free agency, has two of your best remaining players (Anders Lee and Jordan Eberle) up for unrestricted free agency after this season, and will have to sign your new cornerstone player (Mat Barzal) to a new contract in two years when his entry-level deal is finished, that can add up to a big problem.

Related

–John Tavares signs with Maple Leafs
–What’s next for Islanders with Tavares out

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.

Don’t blame expansion draft rules for Vegas’ success, blame your GM

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After completing their four-game sweep of the Los Angeles Kings on Tuesday night, the Vegas Golden Knights began Wednesday as the new favorites to win the Stanley Cup, at least according to the folks at Bovada.

Whether they actually do it doesn’t really matter at this point because this season is already one of the most stunning stories in North American sports history. A first-year expansion team finishing the regular season as one of the best teams in the league, winning its division, and then blowing through an organization in the first round that just a couple of years ago was one of the elite powers in the league is the stuff that gets turned into movies.

The popular consensus on how this all happened always seems to go back to the expansion draft and the rules that opened Vegas up to more talent than any first-year team in league history.

In all fairness to the teams that preceded them, Vegas certainly had an advantage in that area.

It still should not have resulted in a team this good, this fast.

The fact it happened is not an indictment on the rules the league put in place to aid Vegas in becoming an immediate success.

It is an indictment on the NHL’s 30 other general managers, the way they build their teams, the way analyze and value their own talent, and what they value.

[NBC’s Stanley Cup Playoff Hub]

The NHL begins to make a lot more sense if you just go into every season with the mindset that nobody really understands what they’re doing, what will happen, or why it will happen, and that everything is just random.

Maybe that’s overstating things. Maybe it’s unfair. Maybe there a lot of variables that go into moves that get made (or do not get made), but every year otherwise smart people that have been around the game forever make inexplicably dumb transactions that just look like a mistake the second they get completed. The 2017-18 season was a treasure trove for this sort of thing. Look no further than the Artemi Panarin trade, or the fact that Taylor Hall is probably winning the MVP one year after being run out of Edmonton.

The expansion draft also exposed a lot of the sometimes backwards thinking that goes on around the NHL.

To be fair, there were some teams that were stuck between a rock and a hard place when it came to protecting assets in the expansion draft. A lot of teams were going to lose a good player through no fault of their own, other than the fact they had too many good players to protect.

Nashville comes to mind as one. The Predators needed to protect four defensemen (P.K. Subban, Roman Josi, Mattias Ekholm, Ryan Ellis) which meant a really good forward was going to be left exposed. Maybe you can quibble with the fact they chose to protect Calle Jarnkrok over James Neal, but their decision makes sense. Jarnkrok is $3 million cheaper under the cap this season (that extra cap space would come in handy for moves that followed — signing Nick Bonino, trading for Kyle Turris) and signed long-term, while Neal was probably going to leave after this season anyway as an unrestricted free agent.

Pittsburgh was definitely going to lose a good goalie (it turned out to be Marc-Andre Fleury).

Washington was definitely going to have to lose a good defenseman or a good goalie (it turned out to be Nate Schmidt).

Anaheim was kind of stuck because it had to protect Kevin Bieksa (no-move clause) which meant it had to leave Josh Manson and Sami Vatanen exposed. So the Ducks gave Vegas Shea Theodore to entice them to take Clayton Stoner, leaving Manson and Vatanen in Anaheim. That was a lot to give up, but Manson is a really good player and Vatanen was used as the trade chip to acquire Adam Henrique from the New Jersey Devils when the Ducks quite literally ran out of centers.

Vegas was able to get a solid foundation out of that. Fleury has been everything they could have hoped for him to be and probably more. Had he not missed so much time due to a concussion, he might have been a Vezina Trophy finalist (he probably could have been anyway), and he just dominated the Kings in the first-round. Neal scored 25 goals in 71 games, while Theodore and Schmidt look like solid young pieces to build their blue line around.

Those players alone weren’t enough to turn Vegas into an overnight Stanley Cup contender. Other than Fleury, none of them were really the most important pieces on this year’s team.

So who is most responsible for what happened in Vegas?

[Related: Golden Knights sweep Kings, becomes first team to advance to second round]

Let’s start with the St. Louis Blues, a team that has seemingly escaped criticism for the way they handled the expansion draft which resulted in them losing David Perron.

In his first year with the Golden Knights, Perron went on to finish with 16 goals and 50 assists in 70 games and was one of their top offensive players. While his production increased from what it was in recent years, Perron has still been a 20-goal, 50-point player in the NHL with a really high skill level. He’s a good player. Sometimes a really good player.

The Blues decided that it was more important to protect Ryan Reaves and Vladimir Sobotka over him. Why? Who knows. Maybe the Blues soured on Perron because he had a bad playoff run a year ago (which would be dumb). Maybe they figured they weren’t going to re-sign him after this season and he was going to leave as a free agent (more sensible). But even if it was the latter, protecting Sobotka, and especially Reaves, over him just seems like misplaced priorities.

“But Adam,” you might be saying. “The Blues had to protect Reaves so they could trade him a week later at the draft to the Penguins to move up 20 spots in the draft where they selected Klim Kostin, and he’s a really good prospect! It worked!”

Fair. Fair point.

But do you really think Vegas was going to select Reaves over the other players the Blues had exposed? I know Reaves later ended up in Vegas, but that was mostly due to the Penguins having to send a warm body their way in an effort to re-work that convoluted Derick Brassard trade. Reaves barely played once he arrived in Vegas and may never see the ice in the playoffs. And beyond that, St. Louis traded Jori Lehtera to Philadelphia three days after the expansion draft for Brayden Schenn and didn’t feel the need to protect him in order to preserve that trade.

It was just bizarre asset management to protect two bottom-six players over a top-six winger.

Then there’s Minnesota, who ended up trading Alex Tuch — who was a 2014 first-round pick — to Vegas in exchange for the Golden Knights selecting Erik Haula.

Where teams like Minnesota come away looking bad is that, 1) They may have given up more than they had to in an effort to protect other players, and 2) Not really realizing what they had in previous years.

Tuch, playing in his first full NHL season at age 21, scored 15 goals for Vegas while Haula went on to score 29 goals in 76 games, nearly doubling his previous career high.

Minnesota was another team in kind of a tough spot. It had to protect Jason Pominville (no-trade clause) and one of the players left unprotected as a result was Eric Staal, who went on to score 40 goals this season in Minnesota. They also left a couple of solid defensemen exposed.

Back in November, The Athletic’s Michael Russo wrote about the anatomy of the deal that sent Tuch and Haula to Vegas and the thought process for both teams. According to Russo, general manager Chuck Fletcher’s approach was to clear salary cap space (which was necessary) while also protecting his defenseman so he could trade one for forward help.

All of that ended up happening. Vegas didn’t take a defenseman, and the Wild eventually traded Marco Scandella and Jason Pominville to the Buffalo Sabres for Marcus Foligno and Tyler Ennis. When combined with losing Haula (who ended up signing for $2.75 million per season) the Wild definitely cleared a lot of salary cap space. They also ended up getting the short-end of the trade-off talent wise when you consider what Haula and Tuch did. Together Foligno and Ennis scored 16 goals this season.

Tuch scored 15 on an entry-level contract and Haula scored 29.

Here’s where Minnesota is deserving of some criticism: Why wasn’t Haula scoring 29 goals for them? Why didn’t they realize what they had in him, and maybe given themselves a reason to keep him instead of giving him away to protect someone else? Or, perhaps having a trade asset that could have actually brought them something meaningful in return if they had to lose him. Over the past two years Haula was getting third-or and at times fourth-line minutes for the Wild and still scoring 15 goals.

On a per-minute basis he was consistently one of their most productive players. Before you write off his 29-goal season this year as a fluke, just look at what he was doing individually during 5-on-5 play.

Kind of the same. The big difference this season is that in Vegas he had the opportunity to play 18 minutes per night instead of 12 minutes per night. Keep in mind that last year Minnesota had Haula on their roster and decided it had to trade for Martin Hanzal (giving up first-and second-round draft picks) and then gave him more minutes than Haula over the final 20 regular season games and playoffs.

It’s your job as a GM to know what you have. The Wild had Haula and wasted him, then willingly gave him away plus another pretty good young forward.

Then there is Columbus, who traded William Karlsson and a first-round draft pick in an effort to rid itself of David Clarkson‘s contract and to protect Josh Anderson and their backup goalie. Karlsson, of course, went on to score 40 goals. I’m skeptical that Karlsson will ever come close to duplicating this season, and I’m a little hesitant to really fault them too much here because nobody should have expected this sort of a breakout from Karlsson at this point in his career. But the optics are certainly bad when you look at who Columbus was trying to protect.

That, finally, brings us to Florida’s contribution to the Golden Knights roster, and with every passing day and every goal that Jonathan Marchessault and Reilly Smith produce it becomes more and more indefensible.

And it was never really defensible.

The Panthers were looking to shed Smith’s $5 million per year contract and were able to trade him to Vegas for a fourth-round pick. In return, Florida would also leave Marchessault, quite literally their leading goal-scorer from a year ago, unprotected as payment for taking Smith’s contract. Wanting to get out of Smith’s contract on its own wasn’t a terrible thought. It was pricey and he was coming off of a down year. But there had to be a better way to do it than by trading a player as good as Marchessault (no contract is untradeable).

Especially when Florida only protected four forwards and instead opted to protect Alex Petrovic and Mark Pysyk on the blue line.

Vegas was always going to get some solid players out of the expansion draft, but where would it be this season without Perron, Marchessault, Smith, Haula, Tuch, and Karlsson, players that their former teams all willingly gave away when they did not need to? They would not be playing in the second round of the playoffs, that is for certain.

But that’s not the only thing that Vegas exposed this season.

They went into the big, bad Pacific Division where all of the big, bad big boy hockey teams play and basically skated circles around them.

How many times have you heard somebody say that you need to be big and tough to compete with those teams in the Pacific and their brand of heavy hockey?

Edmonton, for example, has spent three years trying to build a team in that image, wasting Connor McDavid‘s entry-level contract in the process.

Now, look at the roster Vegas assembled.

They entered the year in the bottom-10 of the league in both height and weight and were the smallest team in the Pacific Division.

Of the top-200 tallest players in the NHL, only four of them played in Vegas this season.

Of the top-200 heaviest players in the NHL, only six of them played in Vegas this season.

Even those numbers are a little misleading because a lot of the Vegas players on that list barely played. Reaves was in both the top-200 in height and weight and played 20 games for them. Jason Garrison was in there, and he played eight games, as did Stefan Matteau.

It’s a speed game today and with a clean slate, able to build their team in any way they saw fit, Vegas smartly embraced where the league is and where it is going.

The Golden Knights were definitely given a pretty good hand in the beginning, and they deserve credit for taking advantage of that.

They also exposed one of the biggest market inefficiencies in the NHL. That inefficiency being that nobody really knows what they’re doing.

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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.