The Tampa Bay Lightning have decided that J.T. Miller is a good long-term fit for the team, signing the RFA forward to a five-year, $26.25MM contract. Miller will carry a $5.25MM cap hit for the next half decade, after fitting in tremendously following a midseason trade from the New York Rangers. The deal contains no signing bonuses, and is broken down as follows:
- 2018-19: $5.25MM
- 2019-20: $6.0MM
- 2020-21: $4.5MM
- 2021-22: $6.0MM
- 2022-23: $4.5MM
Miller, 25, came over from the Rangers in a package that also included Ryan McDonagh, and ended up being a huge part of the Tampa Bay success down the stretch. With 18 points in 19 regular season games, he took to his role beside Steven Stamkos and Nikita Kucherov with aplomb. Ten goals including five on the powerplay in those 19 games gave him 23 on the season, a new career high and his third consecutive season above 20. Unfortunately, that goal scoring dried up in the playoffs when Miller was able to record just two tallies in 17 games. That postseason performance will have to improve as he heads into the prime of his career if this contract is going to be worth it, as the Lightning aren’t waiting around for their next chance at a Stanley Cup.
Amazingly, the Lightning are one of the teams scheduled to sit down with pending free agent center John Tavares this week, despite having just over $5MM in cap space after re-signing Miller. The team already has expensive long-term contracts with five forwards, and that doesn’t include the mega extension that Nikita Kucherov is eligible to sign on July 1st. Kucherov has just one season remaining on his current contract at a criminally low cap hit of just under $4.8MM. Kucherov should become one of the highest paid wingers in the league on his next contract, after breaking 100 points this season and leading the Lightning in scoring for the third consecutive season.
With Miller now under contract for several seasons, Lightning GM Steve Yzerman can turn his attention to issues like re-signing Kucherov, McDonagh, Brayden Point and Anton Stralman, all who see their deals expire next summer. The wizard-like GM has convinced franchise players to stay for less than market value before, and will need to work some more magic to fit everyone in. Miller’s $5.25MM cap hit certainly isn’t unreasonable for a 50-60 point player, but it’s also not a huge bargain for the team. If he’s destined to stay on the wing in Tampa Bay—which is far from guaranteed—he’ll have to really keep producing offensively to reward the team for making such a big investment in his career.
Photo courtesy of USA Today Sports Images
I don’t see how the Lightning can sign Tavares to a big contract & then re-sign Kucherov. They also only have Hedman & Sergachev on defense that are signed past this season. They could trade Tyler Johnson, but it still will be difficult for the Lightning to sign their own players if they sign Tavares
In all likelihood, they wouldn’t be able to. Not unless Kucherov or Tavares are willing to take up well-below market value for themselves.