Ryan Callahan

Getty Images

Shattenkirk joins Lightning on one-year deal

5 Comments

Four days after the New York Rangers bought out the final two years of his contract, Kevin Shattenkirk has found a new team.

Shattenkirk’s new home is a familiar one for former Rangers with the 30-year-old defenseman signing a one-year, $1.75 million deal with the Lightning on Monday. He now joins Ryan McDonagh, Dan Girardi, Brian Boyle, Anton Stralman, Ryan Callahan, and J.T. Miller as ex-Blueshirts who wound up in Tampa — a.k.a. Rangers South — in the last few years.

In 73 games last season Shattenkirk scored twice and recorded 28 points while battling through the aftermath of knee surgery and nights in the press box as a healthy scratch.

“It’s definitely not a success story,” Shattenkirk said on a Monday conference call. “A lot of these things, they have to be learning experiences.”

The Lightning nearly had Shattenkirk two years ago at the NHL Trade Deadline, but the then-St. Louis Blues defenseman vetoed a deal because he wanted to test the free agent market and not sign an extension before July 1. He was then dealt to Washington before signing a four-year, $26.6 million deal with the Rangers that summer.

[ProHockeyTalk’s 2019 NHL free agency tracker]

Due to Shattenkirk’s buyout, the Rangers will have $1.433 million on their cap until the end of the 2022-23 NHL season and owe him a $2 million signing bonus next July 1. Per Cap Friendly, the Lightning are a little over $9 million from the cap ceiling with only restricted free agents Adam Erne and Brayden Point left to re-sign. That number could rise some once general manager Julien BriseBois figures out their goalie situation with Andrei Vasilevskiy and Louis Domingue and summer acquisitions Curtis McElhinney and Mike Condon. There’s also a move or two for BriseBois to make on the the blue line as it’s now a bit crowded after bringing back Braydon Coburn and Jan Rutta, as well as signing Luke Schenn, who could very well be AHL-bound.

It’s a good signing for both sides. The Lightning take a low-risk gamble on Shattenkirk hoping he can find his offensive form while not feeling the pressure of having to be one of the big contributors on the blue line. For Shattenkirk, he gets a season on a loaded team to find his game again in hopes of being able to cash in next summer in free agency.

“I think I have a huge chip on my shoulder right now,” said Shattenkirk. “I want to show I’m back to my old self and prove that I can be a player in this league again.”

MORE: Shattenkirk’s New York homecoming ends with buyout

————

Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.

Lightning offload Callahan’s cap hit to Senators

Getty Images
5 Comments

The Tampa Bay Lightning have ensured they will have the money to spare on Brayden Point‘s next contract.

Lightning general manager Julien BriseBois offloaded forward Ryan Callahan‘s contract on Tuesday, shedding $5.8 million in cap space along with it in a deal with the Ottawa Senators.

In exchange for taking on the final year of Callahan’s deal, Ottawa gets a fifth-round pick in the 2020 NHL Draft. The Senators, meanwhile, send goalie Mike Condon and a sixth-round pick in 2020 to Tampa.

Callahan will not play for the Senators after a career-ending degenerative back disease was discovered this past season. That means that insurance will pick up 80% of the salary ($3.76 million) and Ottawa will only be responsible for $940,000 of it.

BriseBois was optimistic on Monday, saying a deal with Point will likely get done prior to the opening of training camp.

That seems increasingly accurate now that Callahan is off the books. The Lightning could have placed him on long-term injury reserve themselves, allowing them to go over the cap by his $5.8 million cap hit.

[ProHockeyTalk’s 2019 NHL free agency tracker]

With Condon coming the other way, the Lightning presently have $8.9 million, per Cap Friendly, to sign both Point and fellow restricted free agent Adam Erne.

They also have four goalies on their roster, with Condon, Andrei Vasilevsky, Curtis McElhinney, and Louis Domingue. Condon or Domingue will be a surplus to requirements. Condon carries a $2.4 million cap hit next season while Domingue is at $1.15 million.

If buried, CapFriendly says Condon’s cap hit would drop to $1.325 million.

Either way, the Lightning now have room for both their RFAs without much worry.

MORE: Lightning ‘optimistic’ in Point deal before training camp

Scott Billeck is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @scottbilleck

Lightning ‘optimistic’ in Point deal before training camp

Getty Images

(UPDATE: The Lightning have freed up more room by sending Ryan Callahan’s cap hit to the Senators.)

At the present, they have roughly $5.5 million in salary cap space and a 40-goal, 90-point restricted free agent to sign, and the Tampa Bay Lightning are certain they’ll get him under contract before training camp begins.

Brayden Point is worth a whole heck of a lot of money and the Lightning don’t have that much to give at the moment, but general manager Julien BriseBois is optimistic nonetheless that a deal will be hatched before the middle of September.

“I fully expect to get it done before the start of training camp,” BriseBois said via NHL.com on Monday. “I don’t have a precise timeline. I feel very optimistic, but I don’t have any new information with regards to the Brayden Point contract.”

Easier said than done, as they say.

The Lightning have a nice cap crunch to deal with and a player of Point’s caliber, even if bridged, is worth more than what they currently have to spend (and they still need to pay Adam Erne, even if it’s around $1 million a season on his own bridge deal.)

But perceived worth and contract actuality are not one and the same. If this summer has taught us anything, it’s that very good players can sign on for very cheap deals. We see you, Kevin Labanc.

Of course, that’s a pretty extreme example of doing your team a solid. And Point isn’t the same player. He’s much better, so don’t expect that here.

Sure, there’s still a world where Point signs an uber-friendly bridge deal. But at $5.5 million? Probably not. Evolving Wild’s model has a two-year deal worth $1 million more than that. A three-year bridge? They have it pegged at over $7 million a season. He’s projected to get a five-year, $8 million contract using their formula. Even that might seem a little low for the 23-year-old.

Even in Florida, where there is no state income tax, Point will get more.

[ProHockeyTalk’s 2019 NHL free agency tracker]

The Lightning do have some reprieve, however. Despite there being some work to do to get Point’s contract done, they can essentially double the money they have to work with by putting Ryan Callahan on long-term-injured reserve.

That makes the situation disappear, for the time being, as it frees up $5.8 million in the process and allowing the Lightning to exceed the cap limit by that much. They can sign Point to whatever term/money makes sense and still fit under the cap.

And if BriseBois’s optimism surprises you, it shouldn’t. If any team can figure out how to keep some very, very good players happy financially, short-term and long-term and under the cap ceiling while remaining competitive, it’s the Lightning — even without Steve Yzerman.

They did it with Hart Trophy winner Nikita Kucherov and also with Vezina winner Andrei Vasilevsky, who became a very rich man on Monday.

“What I will say is there are all of these players that signed shorter deals coming out of their entry-level contracts who all ended up signing long-term deals and were able to stick with our organization, whether it’s Tyler Johnson or Ondrej Palat or Alex Killorn.” BriseBois said. “It’s worked out for all of them and it’s worked out for the organization. We’ve been able to keep a lot of great players in their prime.”

Next step: not getting swept up in the first round after a record regular season. And then sort out how you’re going to navigate the salary cap once again next offseason, where the Lightning already have $66.7 million committed to 13 players, and that doesn’t include whatever contract Point signs.

MORE: Jets, Lightning still face big RFA challenges

Scott Billeck is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @scottbilleck

Jets, Lightning still have big RFA challenges to deal with

Getty Images
1 Comment

This year’s restricted free agent market has been one of the most intriguing ones we have seen in years. Not only is it loaded with players that already among the league’s best, but we already saw an offer-sheet come in when the Montreal Canadiens attempted to snag Sebastien Aho away from the Carolina Hurricanes. It was an offer that was quickly matched by the Hurricanes. As things stand on Saturday, Aho is the only one of those top RFA’s that has a new contract while Mikko Rantanen, Mitch Marner, Brayden Point, Patrick Laine, Charlie McAvoy, Zach Werenski, Brock Boeser, and Kyle Connor (among others) all remain unsigned, and will probably remain so for the foreseeable future.

Some of these situations will easily get resolved. The Avalanche have more salary cap space than any team in the league and no other significant contracts to work out, so while Rantanen will get a huge pay raise, the Avalanche have more than enough space to work it out. The same is true in Columbus with Werenski where they still have more than $15 million in cap space after their free agent exodus.

Beyond them, most of the focus with the RFA market has been pointed in Toronto’s direction where the Maple Leafs have to re-sign Marner and (hopefully) avoid a repeat of last year’s William Nylander situation. But for as complicated as the Marner contract has been and still might be, the Maple Leafs still have more than $10 million in LTIR contracts to stash at the start of the season with David Clarkson and Nathan Horton.

It is going to be difficult, but it may not even be the most difficult one in the league.

Here are four teams that might have might even more headaches to deal with.

Winnipeg Jets

Good news: The Jets have more salary cap space ($17 million) than all but one team in the league, which would seem to put them in a really good position under the cap.

Bad news: As of Saturday they only have 17 players under contract for the 2019-20 season (no other team in the league has less than 19) and have two major RFA’s in need of new deals in Laine and Connor.

Laine is already one of the NHL’s most lethal goal scorers and is coming off a 30-goal season that was universally considered to be a “down” year for him, while Connor has scored at least 30 goals himself two years in a row. There have only been 17 players to top the 30-goal mark in each of the past two seasons, and the Jets not only have two of them, but they are both in need of new contracts right now.

Unless one (or both) is willing to take a significant discount on their next deal the duo is likely to cost the Jets at least $14 million against the salary cap. Those two deals are going to eat up almost all of their remaining cap space while they still have to fill out a roster around them. Even with some free agent departures this summer the Jets are still in a position where they are going to have to do some juggling to keep their two best young players.

[ProHockeyTalk’s 2019 NHL free agency tracker]

Tampa Bay Lightning

The Lightning already had one of the deepest forward groups in the league even before Brayden Point was one of the league’s big breakout stars during the 2018-19 season.

Now that he has joined their core of top-tier players, the time has come to pay him. The Lightning have roughly $5 million in salary cap space this summer, which will obviously not be enough to pay a 22-year-old winger coming off of a 40-goal, 90-point season whose best days are still ahead of him. They will be placing Ryan Callahan on LTIR, giving them another $5 million to work with and that will certainly help in the short-term. Point won’t be a $10 million player, but the Lightning also have an upcoming arbitration situation with Adam Erne and three more significant RFA’s next summer (starting goalie Andrei Vasilevskiy, forward Anthony Cirelli, and defender Mikhail Sergachev). All of that is going to add up, and you have to wonder if it might make a forward like Alex Killorn (four more years at $4.45 million per season) expendable.

Vancouver Canucks

This is an underrated and overlooked nightmare situation. The Canucks three-highest paid players are Loui Eriksson, Tyler Myers, and a 33-year-old Alexander Edler (all making $6 million per year), while they also have around $14 million going to the quartet of Brandon Sutter, Tanner Pearson, Antoine Roussel and Jay Beagle. A classic case of a bunch of small mistakes adding up to one big headache that hurts a team in trying to keep its stars. They only have $5 million in salary cap space to re-sign Boeser, their second best player and one of the best young snipers in the league. That is not enough. They need to move as many of the aforementioned contracts as they can, not only to help re-sign Boeser this summer, but to improve their long-term outlook as well.

Boston Bruins

The Bruins’ roster is almost entirely set for the 2019-20 season with two big exceptions: Defensemen Charlie McAvoy and Brandon Carlo. The Bruins have roughly $7 million in salary cap space to make it happen, but that is going to be tight. Like Werenski in Columbus, McAvoy has earned a substantial contract extension with his play. Carlo may not be a star, but he is a rock-solid defender that needs re-signed. Together, they might cost at least $10 million. Shedding one of David Backes, Charlie Coyle, Kevan Miller, or John Moore would help.

More NHL Offseason:
Bruins face salary cap juggling act with McAvoy, Carlo
Long-term contracts for depth players is usually losing move for NHL teams
Cap Crunch: Rangers, Penguins, Flames among teams that still need moves

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.

Signing depth players long-term is usually losing move for NHL teams

Getty
2 Comments

The Nashville Predators’ decision to sign Colton Sissons to a seven-year contract earlier this week certainly raised a lot of eyebrows around the NHL.

As PHT’s James O’Brien argued immediately after the signing, the salary cap hit is pretty reasonable and it might even be a decent value right now.

But it’s the salary cap that puts every contract in the league under a microscope. Teams only have so much money to spend, and every dollar they spend on one player is a dollar they do not have to spend on another player. Every dollar counts, especially if you a contending team that is probably going to be spending close to the cap. Mistakes and misevaluations matter, and if you get caught with too many of them at once it can have a negative impact. Because of that, teams need to make sure they are using their limited amount of money in the most efficient way possible, properly prioritizing what matters and what doesn’t, and the players that are worth committing to.

Traditionally, teams have mostly avoided long-term commitments to players that are not top-line players. This is especially true among teams that win and go deep in the playoffs. I say “mostly avoided” because there have been several instances outside of Nashville where teams have given lengthy term to depth players. The New York Islanders signed forwards Casey Cizikas and Cal Clutterbuck to five-year deals, and third-pairing defender Scott Mayfield to a seven-year deal. The Detroit Red Wings have Justin Adbelkader and Darren Helm on five-plus year contracts. The Kings gave Kyle Clifford a five-year deal several years back. The Pittsburgh Penguins gave Brandon Tanev a six-year contract this summer to play in their bottom-six after giving Jack Johnson a five-year contract one year ago.

Those are just a few examples of players that are currently under contract.

The question, though, is why teams would ever want to do this.

The answer is simple: By giving the player more term and more individual long-term security, it brings the salary cap hit down a little and helps the team in the short-term. But is that extra savings worth the long-term commitment to a player that may not retain their value over the duration of the contract?

[ProHockeyTalk’s 2019 NHL free agency tracker]

One thing that has stood out about recent Stanley Cup winners and contenders is that pretty much none of them have had long-term commitments (five years or more) to players that played regularly outside of their top-six forwards or top-four defenders. It is practically unheard of. Identifying consistent lines and who is a “depth” player is a mostly inexact science. Coaches change line combinations constantly over the course of a season and a player’s role within a team can be a very fluid situation. For this, I simply tried to use even-strength usage as a way to identify a player’s spot in the lineup.

The table below shows the past six Stanley Cup winners and the players they had signed to contracts of five years or more in the years they won the Stanley Cup. Players highlighted in yellow were signed for six years (or more) at the time of the championship. Take a look at the names and see if you can identify a trend … they are almost all top-line players.

The only players on that table that were not either a starting goalie, a top-six forward, or a top-four defender are Olli Maatta with Pittsburgh in 2016-17 (he was top-four in 2015-16) and Mike Richards with Los Angeles in 2013-14 (he signed that contract in Philadelphia when he was a first-line center, and was a second-line center upon his arrival in Los Angeles in 2011-12).

I also looked at every team that made at least the Conference Finals in those seasons and found only five instances where a depth player was signed for more than five years. And even they have some asterisks next to them because they were at least signed with the intention of being more significant parts of their team.

  • Alex Killorn, signed for seven years, was outside of Tampa Bay’s top-six during their 2017-18 Eastern Conference Final run, but was in its top-six during its runs in 2014-15 and 2015-16. When he was signed, the Lightning probably figured he was going to be more of a top-line player. He has since been surpassed by a wave of talent that came after him.
  • Ryan Callahan also played third/fourth-line minutes for the Lightning during the 2017-18 playoffs but, like Killorn, played bigger roles in 2014-15 and 2016-17.
  • The Sharks had defensemen Brenden Dillon signed for five years to play third-pairing minutes 2018-19 and 2015-16 during their postseason runs
  • John Moore and David Backes (both signed for five years) were depth players on the 2018-19 Bruins.

Pretty much all of the Conference Finalists, and especially the Stanley Cup Finalists, over the past six full seasons had long-term investments in their stars and filled out their depth with younger, entry-level players and short-term veterans.

They were not giving out term to non-core players.

The problem with giving out term to depth players is that they can tend to be replaceable talents that may not maintain their current value throughout the duration of that term. You run the risk of that player regressing and not having the roster flexibility to bring in a cheaper and/or better player. If a star player ages and declines, they are still probably going to be giving you a solid return on that investment. The depth player may not, if they are even able to justify a roster spot.

Let’s take Sissons as an example. Right now he is a fine NHL player. Solid defensively, can chip in some offense, and plays a tough and often times thankless role within the Predators lineup. At around $3 million per year he is a fine investment … for now. Between the 2000-01 and 2012-13 seasons there were 14 players that were at a similar point in their development: Players that had played at least 140 games during the ages 24 and 25 seasons and averaged between 0.30 and 0.40 points per game, exactly where Sissons is right now.

Only five of those 14 players played an additional seven seasons in the NHL.

In professional sports dollars, an extra million or two over a couple of years is nothing more than a drop in the bucket to teams. But when the teams are limited by their leagues in what they can spend on players, little mistakes can quickly add up to big mistakes. The Penguins, for example, are now on the hook for $7 million over the next four years for the Johnson-Tanev duo, which is an egregious use of salary space for a contender pressed against the cap that is trying to get another Stanley Cup out of its Hall of Fame core over the next few years.

It is not just good teams, either. The Vancouver Canucks have spent the past two offseasons throwing big-money at the bottom of their roster and will enter this season with $12 million in salary cap space going to Antoine Roussel, Jay Beagle, and Tyler Myers for multiple years. The result of that is a bad team that only has $5 million in salary cap space and still needs to sign restricted free agent Brock Boeser. They are now in a position where they have to play hardball with their second-best player to get him signed, or have to make a desperation trade to clear salary cap space. It’s a headache that would have been easily avoidable had they not overspent on the bottom of their lineup.

As much as teams want cost certainty with their players and trying to secure their long-term salary cap outlook, it just doesn’t seem to make much sense to commit so many years to a player that isn’t going to be an impact player or a part of your core. The value probably will not remain, and it is going to limit what you are able to do in the future. There is not a third-or fourth-line player in the league right now that is so good at what they do that it is worth committing to it for five, six, or seven years. Age will eventually catch up to those players, and when they decline it is going to hit them even harder than the decline of a star.

Commit to your stars long-term because they can not easily be replaced.

The players around them usually can be.

More NHL Free Agency:
Sissons, Predators agree to seven-year contract
Predators being bold with term, but is it smart?
NHL Free Agency: Most long-term contracts will end in trade or buyout

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.