Mark Stone, Ottawa Senators Exchange Arbitration Numbers

The Ottawa Senators have an arbitration hearing today with Cody Ceci to decide on a contract for next season, but the offseason doesn’t end there for them. Mark Stone, who is scheduled for a hearing of his own on Friday, has exchanged arbitration filings with the team. According to Elliotte Friedman of Sportsnet, Stone has asked for $9MM while the team has countered with $5MM. As always, the decision will likely come somewhere in the middle of the two numbers, though as Friedman points out that could still make this a record-breaking case. Shea Weber’s $7.5MM award in 2011 is currently the highest ever given through arbitration.

Stone, 26, can only be awarded a one-year deal in arbitration as he is just a single season away from becoming an unrestricted free agent. That freedom could be enticing to a player who has developed into one of the best two-way wingers in the league, and is coming off a season in which he scored at better than a point-per-game pace. His 62 points in 58 games for the Senators tied him with Erik Karlsson for the team lead, while recording his fourth consecutive 20+ goal campaign. Stone also possesses an almost unmatched ability to create turnovers and strip opposing players of the puck, which has led to Selke votes in each of his four full seasons.

Even accounting for the normal arbitration practice of asking for much more than you expect to be awarded, the $9MM figure will shock some people. Only nine forwards in the entire NHL will have a cap hit of $9MM or greater for the 2018-19 season, and though an exceptional player Stone is still not in the upper echelon of NHL stars. Even if the decision lands right in the middle at $7MM, he’ll vault into the top-30 highest paid forwards in the league and set himself up for a huge contract next summer. Whether that contract comes with the Senators isn’t clear.

Last month we asked whether the Senators should trade Stone, given that he is just a year away from unrestricted free agency and the team looks like it may struggle this season. Our readership was split 55-45 in favor of a move, which may be indicative of the hesitation GM Pierre Dorion would feel. Stone can be a leader in whatever turnaround is coming in Ottawa, and is still young enough to have several prime seasons remaining after 2018-19. If the team could work out a long-term extension with him in the next few days, perhaps there would be a little bit of hope for the Senators this season. If not, a one-year award would also bring with it restrictions on negotiating extensions. Players on one-year contracts cannot discuss or sign an extension until January, at which point Stone would be just a few months away from testing the open market. The trade deadline would also be right around the corner, forcing the Senators to make a quick decision on whether they had a real shot at retaining their talented winger.