Trade deadline day is here, and the first deal involves a guy who’s already been traded in the past couple of days.
The trade: Columbus Blue Jackets acquire defenseman Ian Cole for forward Nick Moutrey and a third-round draft pick.
Why the Blue Jackets are making this trade: A depth defenseman with Stanley Cup experience who offers a physical presence on the back end. Good puck-moving d-man. Cole also provides some insurance if the Blue Jackets trade fellow d-man Jack Johnson away. Additionally, he’s played in the Eastern Conference, he knows the landscape and if the Blue Jackets, who are sitting in the second wildcard in the Metropolitan Division, face the Pittsburgh Penguins potentially in the first round, there could be some value there for Columbus.
Bonus fact: Columbus GM Jarmo Kekalainen drafted Ian Cole when he was in St. Louis.
#CBJ D Ian Cole: “I’m excited by this. It’s been an interesting few days, but I’m happy – really happy – to be heading to Columbus.” Cole was told by Senators to remain in Pittsburgh after trade last week. They knew they were flipping him all along.
Why the Senators are making this trade: The Senators are all-in on selling off whatever they can as they look to rebuild. Pierre Dorion is putting in some work here and has gotten a nice haul for some of his players thus far. While the focus, at least over the past 72 hours, has centered around Erik Karlsson and his future, Dorion is making sure he maximizes what he can for the team’s other assets.
The #sens have now turned Phaneuf/Thompson/Brassard/Cole into…
2018 1st 2019 3rd 2020 3rd Prospect Filip Gustavsson Prospect Nick Moutrey Marian Gaborik Nick Shore
Who won this trade: The trade makes sense for both sides here. Ottawa was always going to flip Cole, and got a pick and a prospect for him after receiving him as part of the Derick Brassard trade on Friday.
If Vegas Golden Knights general manager George McPhee is to be believed, getting forward Ryan Reaves and a draft pick while not having to give up anything but some cap space was the meal ticket.
McPhee, who spoke to the media in Las Vegas during the first intermission of their game against the Vancouver Canucks on Friday, said they added grit to their lineup with Reaves after the Golden Knights were one of three teams involved in a wild trade that ultimately sent Derick Brassard from Ottawa to Pittsburgh.
Reaves, McPhee said, is a tough guy who can do more than just dole out physical punishment.
“Ryan is a big strong guy that brings some grit, some strong depth to our hockey club,” McPhee said. “He’s a unique player. These players, tough guys in this league, many of them have been rendered obsolete because they can’t play. (Reaves) can play.
The deal was convoluted, McPhee admitted, saying that it’s something that happens with three teams involved. He said it took four transactions to make it work.
“We gave up some cap space, we have a lot of cap space and a minor league player to do this, so we picked up two assets,” McPhee said. “I thought it was a good deal for our club.”
McPhee said he spoke with Pittsburgh a couple days ago, and the deal for Reaves came together quite quickly. He said the issues with the deal were more on the side of Ottawa and Pittsburgh and once those were worked out, the deal was made.
McPhee said he doesn’t necessarily believe the club needs to make moves.
“But if there are opportunities to make the club a little bit better, one percent, two percent, three percent, you do it if it’s not going to affect chemistry,” he said.
This may only be part of the story here for the Golden Knights.
Sportsnet’s John Shannon reported that Vegas may have got involved in the deal to block the Winnipeg Jets from getting Brassard.
So my question…why would Vegas take money on Brassard and help Pittsburgh? It appears otherwise, Brassard was heading to a western team, VGK got involved to keep him in the east. As I was told “Better to face him in round 4 than 2.”
Even though the Jets and Golden Knights wouldn’t meet until the third round of the playoffs — a lot would have to go right for that to happen — Vegas essentially made sure that if the scenario ever came to fruition, they wouldn’t have to deal with Brassard in the series.
If true, that’s some next level stuff by McPhee and Co.
McPhee played down those reports in his presser, saying it wasn’t a “material” part of the deal.
“We saw an opportunity to pick up Ryan Reaves and a draft pick in what was a simple transaction for us,” he said.
TSN’s Pierre LeBrun reported that the Jets were disappointed not to land Brassard after going “hard” after him. The move would have solidified Winnipeg’s spine, with Mark Scheifele, Bryan Little, Brassard and Adam Lowry down the middle. Winnipeg’s already a scary team without Brassard’s services. The fear factor would only have improved with him.
The Jets, reportedly, offered three pieces for Brassard, in what was a “solid” package. Given what Pittsburgh sent Ottawa’s way, that likely means a first-round pick, a roster player and a high-level prospect.
The Jets are now forced to look elsewhere, and perhaps they have the league’s newest team to blame for it.
A Jets-Golden Knights series would have a little more on the line if it comes to be this spring.
There likely won’t be a more wild trade before the deadline than the one that took the better part of Friday to finally be completed.
The Pittsburgh Penguins had Ottawa Senators forward Derick Brassard in their grasp, then lost him, and then snatched him up again.
Penguins defenseman Ian Cole was headed to a bad team, then he wasn’t, and then he was again.
And somehow Ryan Reaves is now with the Vegas Golden Knights and the NHL’s newest team is retaining a bunch of salary.
The first trade: Penguins receive Derick Brassard; Senators get a first-round pick, Ian Cole and intriguing goalie prospect Filip Gustavsson.
This deal was rejected by the NHL for “improper use of salary retention,” so it was back to the drawing board for all involved.
The second (and actual) trade: Penguins receive Derick Brassard; Senators get a first-round pick, Ian Cole and intriguing goalie prospect Filip Gustavsson. This didn’t change.
Penguins also acquire a 2018 third round draft pick and prospect forward Vincent Dunn from the Senators; and they also get prospect forward Tobias Lindberg from the Golden Knights.
Vegas receives Ryan Reaves and a 2018 fourth-rounder (Vancouver’s) from the Penguins and also retains 40 percent of Brassard’s salary.
Why the Penguins made the trade: It’s been no secret that the Penguins have been looking for center help since losing Matt Cullen and Nick Bonino. Brassard fits that bill, and honestly, stands as a nice upgrade.
At 30, Brassard is still at or near his prime. The Penguins get Brassard for two playoff runs, as his $5 million cap hit runs through 2018-19.
Brassard’s quietly enjoyed a strong season in Ottawa, as he has 18 goals and 38 points in 58 games. He’s just one point shy of tying his 2016-17 total, even though that came in 81 contests. The former Rangers forward is battle-tested in the postseason, too.
Derick Brassard has 55 points on 22 goals and 33 assists in 78 career playoff games. He has scored 4 game-winning goals. He has played into the Conference Final three times, once into the Cup Final.
Why the Senators made the trade: The Senators are in liquidation mode, and to start, this trade helps Ottawa get a first-rounder back after giving one up in the Matt Duchene trade. Granted, the Penguins’ first-rounder could be very low – they’d love it to be the 31st selection – but it’s a key return for the rebuilding Sens.
Gustavsson, 19, isn’t just a throw-in, either. He was a second-round pick (55th overall) in the 2016 NHL Draft. With Craig Anderson already 36, the Senators need to look to the future, and Gustavsson has a chance to be a part of the picture in net.
Filip Gustavsson led Sweden to a silver medal at the World Junior last month, and was named the tournament’s top goalie with a 1.81 GAA and a .924 save % in 6 games. #Sens
This is also worth noting from a Senators perspective:
With what might still be on the horizon, not retaining any of Brassard’s salary is worth noting (Vegas is on the hook for 40%). Teams are only allowed to retain the salaries of 3 players in any given season. The Sens have already done it once (Phaneuf).
Vegas gets some grit in Reaves and a pick, but get roped into 40 percent of Brassard’s salary for some reason or another.
Who won the trade?
Senators fans are unlikely to be happy with the team cleaning house, particularly with players who helped them make a deep playoff run remarkably recently. Still, they’re diving in with a reset, if not a rebuild, and this is a decent return. Getting a bit more for Cole could help, and Gustavsson’s development will play a significant role in how this move is viewed in hindsight.
The Penguins are going for it, as they have been for some time. Brassard fills a serious need, and while defense is an issue for Pittsburgh, Cole found himself as a healthy scratch and obviously on the way out at times.
This is all about the present for Pittsburgh, and it’s easy to justify such a thought process. Let’s not forget that Sidney Crosby, Kris Letang, and Phil Kessel are 30 while Evgeni Malkin is 31. You never know when the championship window might slam shut.
Since Jan. 5, the two-time defending Stanley Cup champions are 15-3-1, the best record in the NHL in terms of point percentage (.815). Evgeni Malkin (32 points) and Sidney Crosby (30) are Nos. 1 and 2 in scoring. Yeah, you go for it aggressively.
Now that you have done that for a second and hopefully resisted the urge to set yourself on fire, try to picture the situation that your favorite team is currently facing.
Less than one year removed from being a double overtime Game 7 loss away from being in the Stanley Cup Final, your team is now one of the worst in the NHL and doesn’t seem to have a terribly bright short-term future in front of it.
Your team does have one of the NHL’s best players in Erik Karlsson, a generational talent on defense that can impact the game in a way few defenders ever have.
That is good.
But now your team is in a situation where it probably won’t be able to keep him.
That is … less than good.
It is no secret that Karlsson, whose contract expires after the 2018-19 season, is going to want to become one of the highest paid players in the NHL (as he should be) and is difficult to imagine a scenario in which the Senators are going to be able or willing to handle that demand. And even if they could, Karlsson has to actually want to re-sign there.
Are the Senators going to be able to build a competitive team around him? Is he going to want to commit to the team they might be able to build or are building?
Big questions that leave the team in the situation it is facing right now where it has to decide whether or not to trade him at some point before the end of next season.
There is already growing speculation that it could happen before Monday’s trade deadline.
TSN’s Bob McKenzie wrote on Wednesday that the Senators are at least open to the idea of trading Karlsson this season before the deadline, and that a potential deal could also include the Senators trying to package Bobby Ryan with him in an effort to dump the remainder of Ryan’s contract. That would not only severely limit the number of teams that could actually complete a trade, but it would also probably reduce the return they get for Karlsson.
At this point it’s all just talk and speculation, but it’s still a sad reality to consider for Senators fans.
Think about the message that sort of trade would send to your fans.
It would basically be: Hey, we can’t really keep the best player we have and maybe the best player you will ever see play for our team in your lifetime. Oh, and one more thing, we also took a slightly lesser return for him so we could dump another contract we can’t afford. Sorry about that.
It just stinks to even consider.
Having said that, if the Senators are going to do it, if they are going to trade Erik freaking Karlsson, this might sadly be the best possible time to do it.
Normally I am one billion percent opposed to trading players like Karlsson.
You can’t win without them. They are nearly impossible to acquire. You can rarely, if ever, get fair value for them back in return. It is worth paying them top dollar under the salary cap, even if it means you have to trim somewhere else around the edges to keep them. One truly great player is worth more than two pretty good players.
But if you think your chances of keeping the player are slim — whether because you can’t afford them or because they don’t want to re-sign with you — can you really risk losing a player like that for nothing?
If the Senators wait until the offseason or at some point into next season the return likely diminishes because the team getting him is only guaranteed to have him for one season (or less). Any team that trades for him now gets two potential Stanley Cup runs with him. His value is probably never going to be higher than it is right now.
If the Senators actually go through with it would be the type of move we don’t normally see at trade deadline time. The biggest impact players that have been traded over the past years (Marian Hossa, Ilya Kovalchuk, etc.) have been players that were already in the final year of their contracts. This is a player that is not only one of the best in the world, but still has term remaining.
In the end, it all just seems to be a no-win situation for the Senators.
Keeping him and hoping that he re-signs is a huge risk because losing him for nothing would be a devastating.
Trading him is a gut punch to your fans because you only get players like him every so often and you’re probably not going to get fair value back.
Waiting to trade him next season probably only lessons the return based on how much time the team trading for him is guaranteed to have with him.
But what other choice do the Senators have? There is nothing to suggest this season is a fluke for the Senators (if anything, the previous season was the fluke) and that better days are ahead. There is nothing to suggest they are going to make significant investments to build a better team around Karlsson in the next year to convince him to stay.
If these are the final days of Karlsson as a member of the Senators, it is a frustrating way to go out.
The 30-year-old former first-rounder won’t come cheap. The Ottawa Senators aren’t interested in a bag of pucks.
Instead, TSN’s Pierre LeBrun reported Monday that Sens general manager Pierre Dorion is asking for a first-round pick, a top prospect and a third piece to sweeten the deal.
On the surface, the ask seems ridiculous. But take into consideration that other GMs are doing the same thing. Buffalo Sabres GM Jason Botterill wants a willing team’s first, second and third born for Evander Kane. Montreal Canadiens GM Marc Bergevin wants a fourth born on top of the first three for Max Pacioretty.
Dorion’s ask is just another added to the top of a growing heap.
The Senators season is one they probably wish ended yesterday, and thus, the team is in sell mode as they try to rebuild.
But there’s a lot on the line for Dorion. His job, of course, is one of those things. But convincing all-star defenseman Erik Karlsson that something is being done to reverse Ottawa’s fortunes is right up there. Ditto with Mark Stone, who is set to become a restricted free agent.
The Senators currently don’t have a first-round pick in 2018. They also don’t have a second-round draft pick in 2018. And they don’t own a third-round draft pick in 2018 either.
The cost of Matt Duchene was high. As was the cost of Brassard, who Dorion is now reportedly shopping. Duchene is starting (maybe) to pan out. Slowly. And getting a good return from Brassard would be Doiron’s way of making amends after trading Mika Zibanejad away for him.
Dorion’s track record isn’t great, but perhaps recouping something for one of his bad deals would be the start of a new direction.
Time will tell if it’s too late for that. And time will also tell if the price is wrong on some of these exorbitant asking prices.