Erik Haula

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Cap shedding begins as Golden Knights send Haula to Hurricanes

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Looking at the Vegas Golden Knights’ salary cap situation after William Karlsson’s $47.2M extension, it was clear current general manager George McPhee and soon-to-be general manager Kelly McCrimmon (Sept. 1) were going to have to make some cuts to the roster.

Late Wednesday night the Golden Knights began trimming down by sending Erik Haula and his $2.75M cap hit to the Carolina Hurricanes in exchange for 22-year-old prospect Nicolas Roy and a conditional 2021 fifth-round pick.

The 28-year-old Haula has not played since Nov. 6 after he suffered a knee injury and missed the final 67 games of the 2018-19 NHL season and required surgery. It was a disappointing end after coming off a 29-goal, 55-point campaign during Vegas’ inaugural season.

“Erik is a skilled, experienced player who has been productive at even strength and on special teams,” said Hurricanes general manager Don Waddell. “We expect him to be healthy and ready to go for training camp.”

Given the Golden Knights’ cap picture at the moment and the fact that Haula’s contract expires after the 2019-20 season, he became an option to move.

“We are going to have to make a few moves,” said McPhee after the Karlsson extension. “We’ve planned for that; we are going through that exercise right now.”

The NHL and NHLPA agreed to a salary cap ceiling last week of $81.5M for this coming season. The Golden Knights were close to $90M before the trade, so the work isn’t done yet. Extensions still need to be hammered out for Tomas Nosek and Nikita Gusev, so there is still a move or two left to make in order to get under the cap ceiling. It could include moving David Clarkson if a taker can be found for his $5.25M cap hit, otherwise it’ll likely be long-term injury reserve once again.

Waddell knew the Golden Knights were desperate to shed and pounced. The only question now is what level Haula will be at when he returns to the ice and how long will it take for him to get back to 100%, if at all? With one year left on his deal, it’s a good gamble.

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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.

Golden Knights have big decisions to make after Karlsson extension

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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.

 

New Golden Knights GM faces big opportunities, challenges

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The Vegas Golden Knights announced a passing of the torch on Thursday, as Kelly McCrimmon becomes GM, while George McPhee is no longer GM, but sticks around as president of hockey operations.

It’s a move that echoes Steve Yzerman giving way to Julien BriseBois in Tampa Bay: like the Lightning with BriseBois, the Golden Knights didn’t want to lose a respected executive in McCrimmon. There are also parallels in the job McCrimmon is transitioning into. Much like the Lightning, the Golden Knights boast a talent-rich roster, and while Vegas features some Lightning-like bargains, the bottom line is that a cap crunch hovers over all of that luxurious skill.

Let’s take a look at the road ahead for McCrimmon, McPhee, and the Golden Knights.

Flipping assets for that hair flip?

After an out-of-nowhere 43-goal, 78-point breakthrough in 2017-18, William Karlsson needed a new contract last summer. The two sides settled on something of a one-year “prove it” deal for 2018-19, and while he didn’t sustain the unsustainable 23.4 shooting percentage from 2017-18, Karlsson confirmed that his ascension wasn’t a mere mirage.

Now Karlsson finds himself as an RFA once again at age 26, and paying up for his next contract is the pivot point for the Golden Knights’ off-season.

With Mark Stone‘s (clearly justifiable) $9.6 million cap hit set to kick in starting next season, and the Golden Knights’ well-stocked with other legitimate talents, Vegas is in a congested situation even before you factor in whatever dollar amount Karlsson will command. A glance at Cap Friendly gives the impression that Vegas is less than $700K under the ceiling, and maybe some final details might tweak that, the bigger picture is that this is a challenging situation.

Here are a few players who could get moved out to accommodate this situation. I’m leaving out plenty of names such as Jonathan Marchessault, Alex Tuch, Shea Theodore, and Nate Schmidt for a simple reason: they’re all on manageable, if not outright bargain contracts, and so I’d think McCrimmon would be making huge errors in moving any of them out.

  • Cody Eakin, 27, $3.85M cap hit expires after 2019-20: No, this isn’t because the major penalty he was whistled for that turned that unforgettable Game 7 on its head.

Instead, it’s simple math. The Golden Knights have a plethora of forwards, and Eakin’s pricey for a depth player, which is how he’d fall in the lineup under basically all circumstances.

  • Erik Haula, 28, $2.75M through 2019-20: His pretty scary injury wrecked his 2018-19 campaign after his 29-goal breakthrough the year before. This would be more about dumping salary than any indictment on Haula, and Vegas would be unlikely to get fair value in such a trade. That might have to do it if teams don’t bite on other trade possibilities, though.
  • Ryan Reaves, 32, $2.775M through 2019-20: Yes, he’s an entertaining quote and menacing presence, but it’s not quite ideal to spend nearly $3M on an enforcer in the modern NHL. Not when every dime counts. Really, the Golden Knights could save big money and force Gerard Gallant to put more talent on the ice.
  • Colin Miller, 26, $3.875M through 2021-22: If I were an opportunistic opposing GM, I’d circle Miller like a (not necessarily San Jose) Shark. He’s a good, useful player on a reasonable deal, but with Miller occasionally landing in Gallant’s doghouse, he could be almost $4M used in a less optimal way. Plenty of teams need RHD, and could get a nice gem if they pounce. And if, frankly, McCrimmon makes a mistake.

There are other possibilities (Brayden McNabb maybe?) but those are generally the most feasible salary dump options in trades, with different players appealing to different mindsets.

Supporting cast calls

Remarkably, Vegas already has a strong core, for the most part. They face some noteworthy decisions around those key players, though.

There are some free agents to consider. Is Deryk Engelland going to retire, and if not, would the veteran take a team-friendly deal to stay with Vegas? Brandon Pirri deserves an NHL gig somewhere, but would he be lost in the shuffle in Vegas’ deep offense? Can the Golden Knights retain surprisingly effective fourth-line Pierre-Edouard Bellemare?

Alongside the aging pieces, you have intriguing talent looking to make a dent. Vegas must determine if Cody Glass is ready for the big time, as he could provide cheap production on a rookie deal. What will they do with Nikita Gusev and Jimmy Schuldt, who spent last season in the KHL and NCAA respectively, and need new deals?

Some of these situations are tricky, yet it’s plausible that Vegas could end up with enviable depth if they make the right moves (and get some good luck).

Beyond the flower

And, personally, I think McCrimmon really needs to take a long look at the team’s future in net.

Considering this cap crunch, it’s probably best to stick with Malcolm Subban on another short deal. He’s an RFA, and as The Athletic’s Jesse Granger notes (sub required), the team seems to think he still has potential.

As a former first-rounder (24th overall in 2012), Subban’s potential may still be bandied about for years. Yet, at 25, there needs to be more real production to go with all of the theoreticals and hypotheticals.

Instead of spelling an aging Marc-Andre Fleury with regularity, thus keeping “The Flower” fresh for the spring and summer when the games matter the most, Gallant has been reluctant to start Subban, whose career save percentage is a middling .903 in 45 regular-season games.

Part of that might be attributed to Gallant’s tendency to lean heavily on his starters, yet it’s also easy to see why Gallant is reluctant to go with other options: those other options haven’t been very appealing. Fleury is 34, and you could argue “an old 34” with 940 games (regular season plus playoffs) under his belt, so this is an area the Golden Knights can’t neglect for much longer.

(Really, it’s one they probably should have been more aggressive to address already; it’s a little surprising they never pushed harder to land someone who ended up claimed on waivers like Curtis McElhinney, among other options.)

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This is a challenging situation, no doubt. There are potential bumps in the road, especially if the aging curve hits “MAF” hard.

Yet the upside is also huge. If you saw the Golden Knights once they added Mark Stone, you’d likely agree that this team could be a viable contender, rather than a Cinderella story.

It’s up to McCrimmon to add volumes to this tale, rather than allowing cap concerns to slam that book shut.

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’ Haula stretchered off ice after hit, awkward fall

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Erik Haula had to be stretched off the ice after a seemingly innocuous hit sent him to the ice writhing in pain in Toronto on Tuesday.

Patrick Marleau made the check on Haula, who skating through the neutral zone toward the Maple Leafs zone. The check itself, while hard, appeared to be your standard, run-of-the-mill hit, but the result was Haula’s skate getting turned around and caught along the boards followed by his knee buckling underneath him as he fell to the ice.

Rogers Centre fell silent while Haula laid motionless on the ice as training staff worked with him. Not long after, a stretcher was brought out to help him off it. Haula waved to the crowd before exiting the rink.

It’s another tough blow for the Golden Knights, who already have Paul Stastny out long-term with a lower-body injury.

Max Pacioretty returned to the lineup for Vegas on Tuesday after missing four games with an upper-body ailment.


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

Stanley Cup Final Preview: Who has better special teams?

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Leading up to Game 1 of the Stanley Cup Final (Monday, 8 p.m. ET, NBC), Pro Hockey Talk will be looking at every aspect of the matchup between the Washington Capitals and the Vegas Golden Knights. 

WASHINGTON CAPITALS

There is no team with a better weapon on the power play than Alex Ovechkin (sorry, Patrik Laine). The fact of the matter is Washington has clipped along at damn-near 30 percent (28.6%) in the playoffs on the power play through three rounds. The only team better is the Boston Bruins, and well, they were ousted in the second round.

And it’s not just Ovi producing on the power play (he has nine points). Defenseman John Carlson leads the team with 10 power play points. Evgeny Kuznetsov, who has been simply sensational in the playoffs, has nine, as does T.J. Oshie and Nicklas Backstrom.

One of the X factors in this series is going to be special teams, and for Washington, specifically, they’re going to need to tighten up on the penalty kill. They allow one goal every four opportunities they give to an opposing team on the power play. Couple that with the fact that they’re the most penalized team in playoffs (61 times shorthanded), and you can see where this all could go wrong. Perhaps the good news for the Caps here is that their road PK percentage (79.3%) is better than their home numbers (71.9%).

VEGAS GOLDEN KNIGHTS

Vegas’ pedestrian 17.6 percent power play success rate is a full 11 percent behind the Capitals, so Washington has them beat in this regard. Vegas is the second-most shorthanded team in these playoffs (57). Forward Erika Huala leads the team with 12 power-play points while William Karlsson (8), Reilly Smith (7), and Jonathan Marchessault (6) round out their top-four point producers.

The Golden Knights could use a spark on the power play away from home, where they take advantage of just 13 percent of their man advantages.

Vegas has been much better than the Caps when shorthanded, however, at 82.5 percent. Given how many penalties the Golden Knights have taken — and the fact they played Patrik Laine and the Jets in the Western Conference Final — that’s pretty impressive. They muzzled the Jets all over the ice, but were particularly good at keeping Laine and Mark Scheifele off their game on the power play.

Vegas’ PK has been good both on the home and away from T-Mobile Arena — much like everything they’ve done this season.

Marc-Andre Fleury owns a .909 save percentage on the penalty kill, compared to Braden Holtby‘s .857.

Advantage: Capitals (ever so slightly)

Washington’s power play pushes them just over the top here, especially against a team that gives up so many opportunities. It has to be said though that this battle is very close on paper. Vegas has the better goalie in shorthanded situations and they have a better penalty kill all-around.

Special teams is certainly an x-factor in this series and should be fun to watch given the talent on both teams. 

2018 STANLEY CUP FINAL PREVIEW:

• Who has the better forwards?
Who has better defense?

MORE:
• NBC’s Stanley Cup Playoff Hub
• Stanley Cup Final Schedule


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