Ryan Reaves

Getty

Cap crunch: Rangers, Penguins, Flames among teams that need moves

Even though most of the NHL’s biggest roster transactions have already happened this summer, there are still some significant moves that will be coming over the next few weeks. Many of them will be out of necessity as it relates to getting under the salary cap for the 2019-20 season.

As of Saturday, there are four teams (New York Rangers, Washington Capitals, Toronto Maple Leafs, Pittsburgh Penguins) that are still over the $81.5 million salary cap (teams can exceed the salary cap by 10 percent in the offseason) and a handful of teams that are close to the salary cap while still needing to re-sign some players.

Let’s take a look at some of the teams that will needing to make another move (or two) over the next few weeks to position themselves under the salary cap.

New York Rangers: After signing Pavel Buchnevich to a two-year contract on Saturday, the Rangers currently sit more than $4 million above the cap with a full roster of 23 players under contract. The offseason additions of Artemi Panarin and Jacob Trouba drastically altered the cap situation and have them in a position where a significant move is going to be necessary. Possible trade options: Chris Kreider should be at the top of the trade list given what he could bring back and his UFA status next summer, but they could also explore options with Ryan Strome and Vladislav Namestnikov.

Pittsburgh Penguins: Trading Phil Kessel was supposed to help the Penguins ease their salary cap crunch, but acquiring Alex Galchenyuk in that deal and signing Brandon Tanev to a long-term deal negated any savings that might have existed. They still have to re-sign defenseman Marcus Pettersson (they want to give him a long-term deal) and will need to move another contract to do so and remain under the cap. Possible trade options: Bryan Rust, Nick Bjugstad, Jack Johnson, and Erik Gudbranson are all depth players signed to long-term deals (never a good idea for Stanley Cup contenders). Rust and Bjugstad still have the most value and use to the team, while Johnson and Gudbranson are definitely expendable.

Calgary Flames: After re-signing David Rittich on Saturday to settle their goaltending duo for this season the Flames have between $4 and $5 million of salary cap space remaining for this season. They still have to re-sign Matthew Tkachuk and Andrew Magiapane. Without another move they do not have enough salary cap space to re-sign Tkachuk alone as he is in line for a massive raise on his next deal. He is already one of the best young players in the league and will easily be a $6 million-plus player starting this season. Possible trade options: Michael Frolik is the obvious choice here, and his name has been in trade rumors for a while now. He counts more than $4 million against the salary cap this season, and while he is still a useful player he is probably not the most efficient use of the Flames’ limited salary cap space at the moment.

[ProHockeyTalk’s 2019 NHL free agency tracker]

Vegas Golden Knights: Dumping Clarkson’s contract off on the Maple Leafs finally put the Golden Knights back under the cap, but they still have the Nikita Gusev situation looming. Based on his KHL production and skillset Gusev could be a top-six winger in the NHL and a welcome addition to any NHL team … including the Golden Knights. The problem is they do not have anywhere near the salary cap space to meet his demands. Their options are either trading Gusev and risk giving up an outstanding player, or moving someone like a Cody Eakin and/or Ryan Reaves to create enough salary cap space to keep him for themselves.

Toronto Maple Leafs: They are now about $3 million over the salary cap after acquiring David Clarkson‘s contract and still have to re-sign restricted free agent Mitch Marner. It looks bad, but they are going to get relief by placing Clarkson and Nathan Horton on the long-term injured list. They should be okay without having to make another significant move, but it will be close and Marner may not be under contract on the first day of the regular season.

Washington Capitals: They will have some major decisions to make over the next couple of seasons with core players. In a more short-term outlook they are, as of Saturday, a little more than $1 million over the league’s salary cap after re-signing Chandler Stephenson on Friday. The Capitals already traded Andre Burakovsky this summer and will probably need another cap-clearing move before October. It’s hard to imagine them shipping out a top-line player right now, so look for smaller moves that could involve the likes of Travis Boyd or Christian Djoos.

Related: Jets, Lightning still have big RFA challenges to deal with

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.

Blues, Sundqvist avoid arbitration with four-year, $11 million contract

Getty

The St. Louis Blues locked up another piece of their Stanley Cup winning team on Sunday when they re-signed restricted free agent forward Oskar Sundqvist to a four-year contract.

Sundqvist, 25, had filed for salary arbitration and a hearing scheduled for this week.

That will no longer be necessary thanks to this new deal.

According to the Blues the contract will pay Sundqvist a total of $11 million, averaging out to a salary cap hit of $2.75 million per season.

The Blues acquired Sundqvist, as well as a first-round draft pick that was used to select forward Klim Kostin, prior to the 2017-18 season in the trade that sent Ryan Reaves and a second-round pick to the Pittsburgh Penguins. After managing just a single goal and four assists in in 42 games in his debut season with the Blues, Sundqvist had a breakout season in 2018-19 with 14 goals and 17 assists in 74 regular season games.

[ProHockeyTalk’s 2019 NHL free agency tracker]

He also played a big depth role in the playoffs by adding four goals and five assists in 25 playoff games.

With Sundqvist back in the mix the Blues now have two more restricted free agents to sign in forward Ivan Barbashev and defender Joel Edmundson. Edmundson has an arbitration hearing scheduled for August 4. The Blues have already successfully avoided arbitration hearings with starting goalie Jordan Binnington, forward Zach Sanford, and now Sundqvist, so it seems reasonable to assume they will be able to settle with Edmundson as well.

The Blues still have around $5 million in salary cap space to work with this summer.

MORE BLUES COVERAGE:
• Binnington signs two-year, $8.8 million deal
Fabbri gets one-year deal from Blues
• PHT Stanley Cup Tracker: Maroon takes Cup back to St. Louis for some toasted ravioli

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.

Golden Knights could give up a gem if they trade Gusev

Getty Images
13 Comments

The Vegas Golden Knights are struggling to walk a negotiating tightrope with intriguing RFA Nikita Gusev. Other teams should do everything they can to upset that balance by acquiring his rights in a trade.

Vegas? They’re likely to regret trading Gusev to keep players with far less potential.

An exciting talent

It’s hasty to call Gusev “the next” Artemi Panarin. Yet, for teams that couldn’t ferment enough interest to bring in “The Bread Man,” it’s tantalizing to wonder if Gusev could be the next forward to make a successful leap from the KHL to the NHL. While Panarin’s become a full-priced star, he too began his career on the cheap with Chicago; it’s asking too much for Gusev to deliver at that level, but teams should put themselves in position to take advantage of the considerable value he’s likely to bring.

You see, the Vegas Golden Knights currently hold Gusev’s rights as an RFA, yet even after trading away Colin Miller and Erik Haula to clear room, they’re still in a tight salary cap situation. That situation might just squeeze out Gusev.

Golden Knights GM George McPhee acknowledged the possibility of a trade to The Athletic’s Jesse Granger (sub required) on July 1.

“There’s definitely an interest in him,” McPhee said. “We’ve had people call us on him. We’ll see what develops. I can’t tell you what will happen, but we’ll work on it. He’s been very, very good on the international stage. He wants to play in the NHL. He worked very hard to get over here, and we’re going to accommodate him one way or another, either here or with another club.”

There are some interesting mysteries surrounding Gusev, from how a team might land him, to how much of an impact we can expect from a guy who’s found chemistry with the likes of Nikita Kucherov.

Mysterious value

It’s not easy to predict Gusev’s NHL impact, but the odds are high that he will make a positive impact. He’s distinguished himself at multiple levels, from international play, to winning the KHL’s MVP for a stirling season where Gusev generated 82 points in 62 games, and was also productive in the playoffs. While 2018-19 marks his peak so far, he’s enjoyed other strong seasons, including generating 71 points in the KHL in 2016-17.

The challenges of translating overseas work to play in the NHL likely make contract talks tricky, but I’d argue it also sets the stage for teams to land fantastic value. How much is Gusev worth before he’s played a single shift at the NHL level, at 26? Would a team be better off going with a one-year deal, or something with additional term? Granger reports that there’s as much as a $2M gap between Gusev and the Golden Knights, which sounds dicey at first. Yet, if Gusev is asking for something along the lines of $4M AAV for two years, as Igor Eronko reports, then the Golden Knights risk throwing away a golden goose.

I’ll say this: I’d risk $4M-ish on Gusev over multiple years of Brandon Tanev at $3.5M, any day of the week.

Beyond the mystery of what Gusev might get paid, there’s also the question of what the Golden Knights might demand in a trade.

Vegas should find better ways to clean up its mess

As a reminder, Vegas is in a vulnerable position; Cap Friendly estimates their space at about $2.675M, and they either need to sign RFA Malcolm Subban or find a different backup goalie option, among other situations to resolve.

Really, potential poor trade return options might be the key factor that wakes up Vegas to the possibility that they’re risking a big mistake.

The Golden Knights would likely be wiser to save money by shedding inessentials; this post suggests that contenders bribe rebuilding teams to take on shaky contracts, and Vegas should explore those avenues multiple times, rather than letting Gusev get away for pennies on the dollar. Cody Eakin‘s a luxury as a bottom-six forward at $3.85M, and likely to move on after 2019-20 one way or another, with that contract expiring. Personally, I see Ryan Reaves‘ $2.755M as a colossal overpay, and trading away that cap hit would also force Gerard Gallant to play a more useful forward, whether that ends up being Brandon Pirri or a prospect like Cody Glass. Nick Holden‘s tough to justify at $2M, either.

Personally, I’d move all three of Eakin, Reaves, and Holden if it meant keeping Gusev. That flies even if Gusev was a bit pricer than $4M per year.

[ProHockeyTalk’s 2019 NHL free agency tracker]

Gusev could be push a strong VGK team to an even higher level

Vegas is already spending big money to contend, and they already have a strong top-six. In adding Gusev to Alex Tuch (and Cody Glass, if he transitions smoothly), Vegas would create matchup nightmares left and right. McPhee himself told Granger that would be a “heck of a lineup,” so why let that slip through your fingers to keep replacement-level players?

So, again, another team should be swirling like a bloodthirsty shark (and hope that the San Jose Sharks don’t get involved, because Doug Wilson is a beast).

Again, there’s always a chance that things don’t work out — Vegas might be overreacting to the Vadim Shipachyov situation, for one — but you won’t find many better risk-reward values in July.

If Vegas must sell, buyers should swarm

Really, most NHL teams should be in the bidding, although some have cleaner cap situations than others. Here are some of the teams who should be calling McPhee the most:

  • Habs Eyes on the Prize discusses Gusev as an excellent consolation prize for the Montreal Canadiens after the Sebastian Aho offer sheet didn’t work out, and this article also provides some insight regarding why Gusev is such an intriguing talent.
  • The Athletic’s Rob Rossi offers up a hypothetical three-team trade where the Penguins would get Gusev, give up Nick Bjugstad, and well … it’s a lot (sub required).
  • Even after paying up to keep Anders Lee, the Islanders might feel a little bummed out after falling short with Artemi Panarin. Gusev may occasionally drive Barry Trotz up the wall, but would be worth it for a team that could stand to add more skill.
  • Winnipeg Jets – Things are going to be tight with Patrik Laine and Kyle Connor needing new contracts, but Gusev could help ease the sting of the talent losses of Jacob Trouba and Kevin Hayes.
  • Buffalo Sabres – Keeping Jeff Skinner was crucial; landing Colin Miller was uplifting. The Sabres still see a huge drop-off from Skinner – Jack Eichel to everyone else on offense, so Gusev could help to stem the tide. They’re also paying Skinner and Eichel $19M combined, not to mention uncomfortable money to the likes of Kyle Okposo, so the Sabres would likely delight in getting a potential bargain for a change. This would also make their offseason a little less reliant on the smaller move on trading for Jimmy Vesey.
  • Columbus Blue Jackets – Maybe the team that lost Panarin could land the “next” Panarin? (Note: again, the comparison isn’t really fair to Gusev … but it’s fun to imagine another superlative talent arriving in the NHL. Hey, it’s the offseason, the time when teams dream that Tyler Myers can be worth $6M.)
  • New Jersey Devils – The Devils are aggressively trying to improve, both to take advantage of rookie contracts, and also keep Taylor Hall around. Why not see if Gusev nudges that talent level (and Hall’s interest in re-signing) forward even more?

In a bolder league like the NBA, I’d be certain that all of the teams above, and more, were straining to take Gusev off of the Golden Knights’ hands. The risk is just so small compared to potentially significant rewards.

I’m not sure if there would be as many suitors in the less-creative, more conservative NHL, but all it takes is one team to trade for Gusev to mean a move happens. The Golden Knights would be wise just to remain Gusev’s team, instead, but we’ll see.

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.

Marleau-lites: How Red Wings, Senators can boost rebuilds

Getty Images
12 Comments

If you’re a fan of both hockey and team-building, the last few weeks have been Christmas in July. It might not be the most wonderful time of year if you demand smart team-building, though.

Plenty of teams have spent their money poorly lately, but at least two teams have really dropped the ball on boosting their rebuilds: the Detroit Red Wings and Ottawa Senators. Instead of seeing a blueprint in the Hurricanes creatively getting a first-round pick out of a Patrick Marleau trade and buyout, the Red Wings and Senators instead wasted their money on veterans who are unlikely to make much of a difference for their futures (Valtteri Filppula and Ron Hainsey, respectively).

The bad news is that Steve Yzerman and Pierre Dorion missed the boat at the most robust time. Jake Gardiner stands as a strong free agent option, yet the frenzy is now a dull rumble.

The good news is that there’s still time, as both teams have some space to take on Marleau-lite contracts, and there are contenders who need to make space. Before I list off some Marleau-lite contracts Detroit or Ottawa should consider absorbing, let’s summarize each team’s situations.

Bumpy road in Motor City

Filppula joins a bloated list of veteran supporting cast members who are clogging up Detroit’s cap, so it’s worth noting that the Red Wings only have about $5.284M in cap space, according to Cap Friendly.

The Red Wings have their normal array of picks for the next three years, along with an extra second in 2020, and also extra third-rounders in both 2020 and 2021. That’s decent, but why not buy more dart throws?

Senators’ situation

Ottawa has a whopping $22.84M in cap space, but of course, the real question is how much owner Eugene Melnyk would be willing to move above the floor of $60.2M. The Senators are currently at $58.6M, and RFA Colin White could eat up the difference and more. It’s plausible that Pierre Dorion is mostly closing down shop, at least beyond sorting out RFAs like White and Christian Wolanin.

The Senators have a ton of picks, as you can see from Cap Friendly’s guide, but only one extra first-rounder. That first-rounder could be very weak, too, being that it’s the San Jose Sharks’ 2020 first-rounder.

The one bit of promising news is that Melnyk’s already sent a message about this team being in rebuild mode. Why not make like the Rangers and take advantage of the situation by going all-out to land as many assets as you can, then?

Expiring deals contenders might want to trade away

  • Cody Eakin and other Vegas Golden Knights: Despite purging Colin Miller and Erik Haula, the Golden Knights are still in a tight situation, and that might mean losing out on intriguing RFA Nikita Gusev. Eakin seems like an excessive luxury at $3.85M. The 28-year-old could be very appealing as a rental at the trade deadline, so Ottawa/Detroit could gain assets in both trading for Eakin, then trading him away. Ryan Reaves ($2.755M) could make plenty of sense too — you may just need to distract fans with fights this season — but Vegas seems infatuated with the powerful pugilist.
  • Martin Hanzal: The Stars are primed to put the 32-year-old’s $4.75M on LTIR, but maybe they’d give up a little something to just get rid of the issue?
  • Sam Gagner: The Oilers are in tight. Maybe they’d want to use that $3.15M to, say, target Jake Gardiner on a hopeful one-year (relative) discount deal, or something? If there’s any way this ends in Ottawa or Detroit landing Jesse Puljujarvi, things get really interesting.
  • Patrick Eaves: Some scary health issues have cropped up for Eaves, who might be OK waiving his NMC, relieving the Ducks of $3.15M in cap concerns. Anaheim’s in a weird place between rebuilding and competing, which could make them pretty vulnerable.
  • Cody Ceci: Dare I wonder if the Red Wings might take on Ceci from Toronto for a price, allowing Toronto to focus on Mitch Marner and Alex Kerfoot? Ceci’s an RFA without a deal, so he probably fits in a different category, but worth mentioning if we’re going outside the box.

[ProHockeyTalk’s 2019 NHL free agency tracker]

Longer deals, higher rates

  • David Backes: At $6M per year, Backes’ contract is as painful as his borderline hits often can be. That expires after 2020-21, though, making his term very interesting: it’s brutal for Boston (who have to tend to Charlie McAvoy and Torey Krug), while it would be digestible for Detroit and especially Ottawa. How much would Boston be willing to fork over to gain some flexibility? If I’m Dorion or Yzerman, I’m blowing up Don Sweeney’s phone to find out.
  • Artem Anisimov: The Blackhawks have a slew of bad deals. They also seem like they’re living in the past, which means that an even bolder Brent Seabrook salary dump seems unlikely. A smart team would want to get rid of Anisimov’s contract ($4.55M AAV for two more years), and a savvy rebuilding team would extract assets to take on that burden.
  • Jack Johnson: It’s been a year, and I still can’t believe the Penguins gave Johnson $3.25M AAV for a single season, let alone for a mind-blowing term through 2022-23. Considering that contract, the Penguins probably still think too highly of Johnson, so they probably wouldn’t cough up the bounty I’d personally need to take on this mega-blunder of a deal. It’s worth delving into a discussion, though. If the Penguins hit a Kings-style wall, who knows how valuable their upcoming picks might end up being?
  • James Neal: Woof, the 31-year-old’s carrying $5.75M through 2022-23. That would be a lot to stomach, but Calgary’s in a win-now state, and might be convinced to fork over quite a bit here. The dream scenario of Neal getting his game back, and either becoming easier to trade down the line, or a contributor to a rebuild, isn’t that outrageous, though it is unlikely. Much like with Johnson, I’d want a significant haul to take this problem off of the Flames’ hands, but I’d also be curious.
  • Loui Eriksson: Much like with Johnson in Pittsburgh, the key here would be Jim Benning admitted that he made an enormous gaffe in Eriksson’s $6M AAV, which runs through 2021-22. That’s questionable, as the Canucks are making it a tradition to immediately ruin draft weekend optimism with free agent armageddon.

That said, if Vancouver admits that Eriksson is an albatross, and decides to pay up to rid themselves of that issue … at least this only lasts through 2021-22. That term might just work out for Ottawa, if Vancouver threw in enough sweeteners to appease The Beastie Boys.

  • Kyle Turris: What if the Senators brought back a beloved community figure, while charging the Predators an exorbitant rate to absorb his an exorbitant contract? It’s possible that Turris could enjoy a rebound of sorts, and Nashville made an already-expensive center group close to outlandish with Matt Duchene. Turris’ deal runs through 2023-24, and he’s already 29, so I’d honestly probably not do it … unless the return was huge. Nashville and these rebuilding teams should at least have multiple conversations on the subject.

***

Overall, my favorite ideas revolve around landing someone like Eakin or Backes. The urgency should be there for contending teams in cap crunches, while their deals aren’t the type to interfere with rebuilds.

(Sorry, but Detroit and Ottawa both have a lot of work to do, and should probably assume that work extends beyond 2020-21.)

Now, do the Senators and Red Wings have the imagination, hunger, and leeway from ownership to make the sort of deals discussed in this post? I’m not overly optimistic about that, but the good news for them is that there are likely to be opportunities, if they seek them out.

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.

Golden Knights have big decisions to make after Karlsson extension

Getty
11 Comments

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

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

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

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

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

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

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

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

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

After that, all bets should be off.

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

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

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

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

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

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

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

Related: Pressure ratchets up on cap-strapped teams

Adam Gretz is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @AGretz.