NHL

While activity across the NHL has certainly slowed down compared to a few weeks ago, there was still some notable news around the league over the past seven days which is recapped in our key stories.

Four For Colton: Avalanche forward Ross Colton currently has just under $3MM in career earnings, per CapFriendly.  That will be going up in a hurry as the two sides agreed to a four-year contract to avoid salary arbitration with the deal carrying a cap hit of $4MM per season.  The 26-year-old was acquired from Tampa Bay before the draft for a second-round pick that was part of the package they picked up when they moved Alex Newhook to Montreal.  Colton saw his numbers dip slightly last season but he still managed 16 goals and 16 assists in 81 games during the regular season despite averaging just over 12 minutes a night while recording 188 hits and winning over 56% of his faceoffs.  Colorado has shaken up their bottom six group with Colton being the centerpiece acquisition on that front and he should get a bigger opportunity to produce than he did with the Lightning.

Hakstol Extended: Last season was a successful one for the Kraken as they locked down their first-ever playoff berth in their sophomore year.  On top of that, they knocked out the defending Cup champs in the first round before falling to Dallas in seven in a hard-fought second round.  That performance certainly reflected well on head coach Dave Hakstol who was rewarded for his efforts with a two-year contract extension that gets him under contract through the 2025-26 campaign; financial terms were not disclosed.  Hakstol will be entering his seventh year as an NHL head coach next season (he also spent four years in Philadelphia) and is now one of ten coaches known to be signed through 2026.

Four For Dunn: The biggest settlement of the arbitration process thus far was done by Seattle and defenseman Vince Dunn.  The two sides worked out a four-year, $29.4MM front-loaded contract, buying out his final year of arbitration eligibility while giving the Kraken three extra years of club control.  The deal, which makes Dunn their highest-paid player, also carries some form of trade protection in the final three seasons.  The 26-year-old had a breakout showing last season, notching 14 goals and 50 assists in 81 games while logging nearly 24 minutes a night.  That performance put him tenth in the NHL in scoring by a blueliner while helping him finish 11th in Norris Trophy voting.

Arbitration Awards: While most players that filed for arbitration so far have settled, two made it to a hearing.  First, Blackhawks forward Philipp Kurashev was awarded a two-year, $4.5MM contract with Chicago electing for a two-year award instead of the one-year agreement Kurashev requested.  The 23-year-old set new benchmarks last season, notching nine goals along with 16 assists and should have a chance to improve on those numbers in 2023-24.

Meanwhile, Maple Leafs goaltender Ilya Samsonov received a one-year, $3.55MM award, nearly doubling his salary from 2022-23.  The 26-year-old had by far his best NHL season, posting a 2.33 GAA with a .919 SV% in 42 games but was only eligible for a one-year award since it was his final season of UFA eligibility.  Toronto now has nearly $96MM in commitments on the books per CapFriendly against an $83.5MM salary and will be deep into LTIR with Jake Muzzin for next season while some have suggested that buyout candidate Matt Murray could also land on there.  Even with those two on there, some roster trimming would still need to occur.

More Settlements: There were two other contracts of some note that were done to avoid salary arbitration.  The Golden Knights settled with forward Brett Howden on a two-year, $3.8MM contract after the 25-year-old took a step back offensively last season, recording just six goals and seven assists in 54 regular season games.  Notably, the deal will walk Howden straight to UFA eligibility in 2025.  Winnipeg also got in on the settlement fun, reaching a two-year, $6.875MM agreement with forward Gabriel Vilardi.  Arguably the centerpiece of the Pierre-Luc Dubois trade, the 23-year-old had his best showing in 2022-23, collecting 23 goals and 18 assists in 63 games with the Kings last season.  Vilardi will still have one more RFA year remaining in 2025.

Photo courtesy of USA Today Sports Images.

With the NHL electing to cram as much offseason activity as possible into a few short days, it was quite a busy week around the NHL.  We’ll recap the biggest stories here which are much too plentiful to summarize in just five headlines.

Draft Night: It was a draft that was supposed to feature plenty of intrigue, especially on the trade front.  Instead, not a single swap materialized.  However, there was a surprise at the beginning of the draft.  While Chicago picked Connor Bedard first as expected, Anaheim opted to not go with the consensus second choice, instead selecting Leo Carlsson.  That freed up Columbus to grab that consensus second choice, Hobey Baker Award winner Adam Fantilli.  The full results of the draft can be found here.

Chicago Adds Veterans: Following the addition of Bedard, the Blackhawks decided that they needed to bring in some quality veterans to help take some pressure off him (and also to get to the cap floor).  They did that by acquiring Taylor Hall and Nick Foligno from Boston in exchange for defensemen Alec Regula and Ian Mitchell.  Hall has two years left on his deal with a $6MM AAV and will give Bedard a legitimate top-six winger to play with.  Foligno, meanwhile, was a pending unrestricted free agent but quickly inked a one-year, $4MM deal to stick around; Chicago handed that same agreement to Corey Perry days later.  Boston, meanwhile, used that freed-up cap space to sign several players to short-term contracts early in free agency.

Busy Buyout Market: The buyout market started with a splash when Vancouver bought out Oliver Ekman-Larsson.  It ended with one too as Winnipeg was unable to find a taker for Blake Wheeler, instead buying out the final year and $8.5MM on his contract, taking on $2.75MM in dead cap charges for the next two years.  That wasn’t the priciest one of the week either as Nashville somewhat surprisingly bought out the final three years and $24MM of Matt Duchene’s contract, taking on more than $19MM in dead cap charges spread out over the next six seasons.  Detroit (Kailer Yamamoto) and Boston (Mike Reilly) also executed buyouts on the final day.

Dubois Traded: After many months of speculation, Pierre-Luc Dubois is on the move.  However, it wasn’t to Montreal where it was believed his preference would be to play.  Instead, he was dealt to Los Angeles in exchange for Gabriel Vilardi, Alex Iafallo, Rasmus Kupari, and a 2024 second-round pick; as part of the trade agreement, Dubois signed an eight-year, $68MM contract.  Dubois will team up with Anze Kopitar and Phillip Danault to form one of the deepest center groups in the NHL while serving as Kopitar’s eventual replacement when the captain calls it a career.  As for Winnipeg, they get a pair of top-six forwards headlined by the 23-year-old Vilardi who put up 41 points in 63 games last season.  They’re looking to stay in the playoff mix and while they don’t have a top-end talent in Dubois anymore, their forward group is certainly deeper now.

Eight For Meier: The Devils were in a situation where they skirted the $10MM qualifying offer owed to Timo Meier by filing for club arbitration but it put some pressure on them to get a long-term deal done before the hearings came around.  They did just that, signing the winger to an eight-year deal that carries an $8.8MM AAV, making him the highest-paid forward on the team.  Meier reached the 40-goal mark for the first time in his career last season with New Jersey making a big move to acquire him at the deadline.  They have found a way to fit in max-term deals for both Meier and Jesper Bratt now while they also quietly picked up Tyler Toffoli from Calgary to give them more firepower for next season.

Free Agent Frenzy: Buoyed by the addition of more than 100 players to the open market after a busy non-tender deadline, July 1st represented a very busy day on the NHL calendar with more than $650MM in contract commitments to 166 players.  The biggest signings by position in terms of AAV were the Hurricanes picking up Dmitry Orlov on a two-year deal with a $7.75MM price tag, a sizable overpayment in money to get a short-term agreement that better fits their pay structure.  Up front, Alex Killorn wasn’t able to work a deal out with Tampa Bay, instead landing a four-year pact worth $6.25MM per season with Anaheim, a surprise day-one spender.  Meanwhile, in goal, the biggest contract given to a UFA was Pittsburgh re-signing Tristan Jarry to a five-year agreement that carries a $5.375MM AAV, one of three contracts handed to goalies that saw NHL action last season.

Islander Spending Spree: The biggest contract of the first day of the new league year came from the Islanders who handed goaltender Ilya Sorokin an eight-year, $66MM extension that will begin in the 2024-25 season.  The 27-year-old has been nothing short of stellar since coming to the NHL in 2020-21, posting a 2.34 GAA with a .924 SV% and 16 shutouts in his first three seasons.  His deal ensures that the Islanders will have top-level goaltending for the long haul.  They also brought back veteran Semyon Varlamov on a four-year, $11MM agreement to serve as Sorokin’s backup.  The 35-year-old was one of the better options on the open market although few expected him to get four years.  Few also expected GM Lou Lamoriello to hand out a pair of seven-year contracts to keep Pierre Engvall ($3MM AAV) and Scott Mayfield ($3.5MM AAV) in the fold.  Both players are quality role pieces but it’s fair to say there’s some sticker shock on the length of those contracts.  All told, nearly 19% of the $650MM in commitments from Saturday came from the Isles.

Photo courtesy of USA Today Sports Images.