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Canucks Notes: Cap Space, Virtanen, Holtby

July 16, 2021 at 6:57 pm CDT | by Brian La Rose 10 Comments

With a little over $15MM in cap space per CapFriendly, it might appear that the Canucks have ample cap space but once you factor in the new deals for pending RFAs Quinn Hughes and Elias Pettersson, that cushion goes away quickly.  Accordingly, GM Jim Benning acknowledged today to Patrick Johnston of the Vancouver Province that he is “trying to move some money”.  If Vancouver hopes to add an impact player to their roster, clearing away a contract will be necessary to do so.  Defenseman Nate Schmidt has been speculated as a trade candidate for the past several weeks and carries a $5.95MM cap hit for four more years and certainly appears as if he’d be someone that they’d be dangling to free up cap room after a tough first season with the team.

More from Vancouver:

  • In a separate interview, this time with Sportsnet’s Iain MacIntyre, Benning indicated that they aren’t ruling out a buyout of winger Jake Virtanen, saying it’s “too early to say”. The window to buy someone out before expansion has closed but waivers will be permitted on the 22nd, allowing for enough time to go through that process before the first window closes on the 27th; there is a second window that could open up as well based on arbitration filings.  Virtanen had a tough year on the ice with just five goals in 38 games, hardly the type of return that’s worthy of a $2.55MM AAV.  Buying out Virtanen would only carry a $50K cap charge next season which would give Benning some cap flexibility to work with.
  • Some teams are showing interest in goaltender Braden Holtby, report Thomas Drance and Rick Dhaliwal of The Athletic (subscription link). The veteran had a disappointing first season in Vancouver, posting a career-worst 3.69 GAA along with a .889 SV% in 21 games this past season so teams would undoubtedly be viewing him as a bounce-back candidate for a low acquisition price.  Holtby has one year left on his deal with a $4.3MM AAV but a $5.7MM salary so some form of retention will likely be required to facilitate a trade.
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Jim Benning| Vancouver Canucks Braden Holtby| Jake Virtanen

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View Comments (10)

Comments

  1. Ol' Voodoo

    4 years ago

    “Virtanen had a tough year on the ice”

    Might have been tougher off the ice this season.

    Innocent until proven guilty but afraid they’ll be pressured into buying him out for just allegations.

    1
    Reply
    • backhandinbaptist

      4 years ago

      It’s true. Usually what happens. Teams don’t want to be associated even with allegations. Wouldn’t wanna get yur Twitter blown up! Heavens to Betsy might get cancelled!

      Reply
    • kiwimlbfan

      4 years ago

      It’s not like he was great on the ice, so I’m not sure any buy out will be solely about the off ice stuff to be fair

      1
      Reply
    • backhandinbaptist

      4 years ago

      Good point I guess it really just makes it even more justifiable. He has been terrible on the ice.

      Reply
  2. SuperSinker

    4 years ago

    I question the veracity of the claims that there are multiple teams interested in Holtby

    Reply
    • Nha Trang

      4 years ago

      @ SuperSinker — so do I. There are just a few too many decent backup options out there, and it’s been five seasons now since Holtby’s been better than league average. In Vancouver’s skates I unload Holtby for a used skate sharpener and go sign Jaro Halak, or somesuch.

      1
      Reply
  3. pawtucket

    4 years ago

    Please someone take Holtby

    Then get a cheap backup, use the extra 4mil in addition to the 15mil to sign the kids, and upgrade 3C
    Schmitty can go – use his $ on another D FA

    Shake the boat a bit.

    Reply
  4. Jimmykinglive

    4 years ago

    If Voracek or JVR are moved I could see Philly going after Holtby, but only if Vancouver retains some salary

    Reply
  5. bigguccisosa300

    4 years ago

    Take anything you can get for Holtby. The only reason they gave him 2 years in the first place was to expose for Seattle.

    1
    Reply
    • kiwimlbfan

      4 years ago

      Agree

      1
      Reply

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