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Vancouver Canucks To Buy Out Jake Virtanen

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July 26: Virtanen has cleared waivers and will be bought out.

July 25: The Vancouver Canucks have placed Jake Virtanen on unconditional waivers for the purpose of a buyout. Because he is still just 24, the Canucks will be on the hook for just one-third of Virtanen’s remaining salary. That means the team will face a buyout penalty of $50K in 2021-22 and $500K in 2022-23. Tomorrow, when the buyout is executed, Virtanen will be an unrestricted free agent.

After scoring 18 goals in 69 games for the Canucks during the 2019-20 season, Virtanen completely fell off a cliff this year. He registered just five goals and zero assists in 38 games, essentially playing himself completely out of Vancouver’s plans. It wasn’t the first time he’d disappointed management, as Canucks GM Jim Benning was open about how he “expected more” from the young power forward in last year’s playoff bubble.

Importantly, Virtanen’s on-ice play warranted this buyout, but the Canucks are also washing their hands of a player embroiled in off-ice scandal. Earlier this summer, a civil lawsuit was filed in Kelowna, British Columbia, alleging Virtanen sexually assaulted a woman in 2017. On May 1, the Canucks placed Virtanen on leave from the team, releasing this statement:

We have become aware of the concerning allegations made about Jake Virtanen. Our organization does not accept sexual misconduct of any kind and the claims as reported are being treated very seriously by us. 

We have engaged external expertise to assist in an independent investigation and we have placed the player on leave as we await more information.

The results of that investigation have not been released. Virtanen has since responded to the civil court filing, denying the allegations.

After 317 games in the NHL, the sixth-overall pick from 2014 has scored 55 goals and 100 points. There have been flashes of brilliance, using his size and speed to create scoring opportunities seemingly at a whim. There have also been long stretches of inconsistency, during which Virtanen provides very little value to the team at either end of the rink. With the Canucks recently bringing in a cap hit like Oliver Ekman-Larsson and a top-six forward like Conor Garland, there was simply no room for Virtanen or his $2.55MM cap hit in Vancouver.

Sam Bennett Re-Signs With Florida Panthers

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The Florida Panthers are busy completing their RFA work today. After signing two depth defensemen earlier, the team has now reached a much bigger deal with Sam Bennett. Bennett has signed a four-year contract with the Panthers that Pierre LeBrun of The Athletic reports will carry an average annual value of $4.4MM. Chris Johnston of Sportsnet provides the full breakdown:

  • 2021-22: $1.925MM + $1MM signing bonus
  • 2022-23: $3.425MM salary
  • 2023-24: $6.35MM salary
  • 2024-25: $5.0MM salary

Florida GM Bill Zito released a short statement:

Sam’s impact on our club this past season was seen immediately, injecting physicality, skill and energy into our lineup. We are thrilled to have him in our Panthers lineup and look forward to what he can bring to our offense in the upcoming 2021-22 season.

Bennett, 25, is probably the happiest man in the world looking back at his deadline trade to the Panthers. He has recorded just 12 points in 38 games for the Calgary Flames, spending considerable time on the fourth line. Upon arriving in Florida, he was immediately placed in the top-six, given 18 minutes a night and managed 15 points in his final ten games. That was followed by a point-per-game performance in the first round of the playoffs, where Bennett has always excelled.

It shouldn’t be expected that Bennett performs at the level he did in those ten games, scoring at a pace that he’s never come close to in the past, but he doesn’t have to reach quite that level to be a valuable contract for the Panthers. At $4.4MM, as long as he’s a reasonable second-line player that provides physicality and playoff performance, it will work out just fine. A four-year deal buys out three years of unrestricted free agency, but also provides Bennett with the kind of security that wouldn’t have necessarily been available on the open market. Florida figures to be a strong team for the duration of the deal, providing Bennett with plenty of opportunities to show off his offensive skills.

Of course, there is a salary cap, and the Panthers have a big name to sign over the next year. Aleksander Barkov’s deal will expire after the 2021-22 season, a player the team obviously can’t afford to lose. With Bennett now taking up a good chunk and newcomer Sam Reinhart also expected to sign a multi-year deal, the Panthers are betting they’ll still be able to fit everyone in down the road.

St. Louis Blues Extend Nathan Walker

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July 26: The Blues have officially announced the contract, confirming the details previously reported.

July 25: Forward Nathan Walker and the St. Louis Blues have reportedly reached an agreement on a new multi-year contract. CapFriendly reports that Walker, an impending unrestricted free agent, will sign a two-year, two-way contract to remain with the Blues. The deal will carry the minimum $750K NHL salary with a $300K AHL salary in 2021-22 and a $310K AHL salary in 2022-23, but with $350K total guaranteed in each season.

Walker, 27, could have tested the open market, but has already had a taste of free agency in 2019 as a Group 6 UFA. He agreed to a two-year deal with St. Louis then and this time around has decided to do the same without waiting until the market opened. Walker’s new contract closely resembles his previous two contracts with the Washington Capitals and Blues in terms of structure – a two-year pact with the minimum NHL salary and a guaranteed total higher than his AHL salary – but he has earned a significant raise. Not only is the NHL minimum salary now $100K higher than it was four years ago and $50K higher than two years ago, but his guaranteed money has increased from $150K to $175K to $300K and now $350K over his career.

The only Australian-born player in the NHL, Walker has established himself as more than just a trivia fact. The 2014 third-round pick has seen NHL action in each of the past four years, capped off by a 2020-21 campaign in which he played in only four AHL games because he spent the rest of the season on the St. Louis roster or taxi squad. Walker has been more of a bottom-six role player in his experience at the top level, but has strong scoring numbers in the AHL and could succeed in a scoring role if the opportunity presented itself. The Blues are a deep team, but could be losing some top scorers this off-season which could in turn lead to a more regular role for Walker moving forward and perhaps even some time in the top-nine.

Getting an impending UFA re-signed is a nice surprise for St. Louis, but does little to alleviate their full plate this off-season. The Blues have just seven forwards currently signed to one-way contracts with five critical RFA’s in need of new contracts and other UFA’s to consider or perhaps replace as well. GM Doug Armstrong and company have their work cut out for them this summer.

Nashville Predators Sign Frederic Allard

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The Nashville Predators have re-signed young defenseman Frederic Allard to a one-year, two-way contract. The deal will pay $750K at the NHL level and $70K in the AHL.

Allard, 23, was scheduled to become a restricted free agent after quite an interesting season. Not only did he play half the year in Austria waiting for the AHL season to begin, but he also ended up making his NHL debut with the Predators. Selected 78th overall in 2016, he had found plenty of success through his first three years of professional hockey, racking up 74 points over 181 games with the Milwaukee Admirals. This year he was even better, scoring at a near point-per-game pace through most of the year for the AHL club.

The Predators are going through a serious facelift this season after trading away Viktor Arvidsson and Ryan Ellis, but that doesn’t necessarily mean they’ll be extra spots available on the NHL blue line. The team brought Philippe Myers back from the Philadelphia Flyers and still have several other options to fill out the depth chart behind Roman Jose and Mattias Ekholm. There could be some spot duty for Allard this season, but more likely he’ll spend most of 2021-22 in the AHL once again.

Florida Panthers Sign Noah Juulsen, Lucas Carlsson

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The Florida Panthers have tidied up some restricted free agent negotiations today, re-signing Noah Juulsen and Lucas Carlsson to one-year deals. Both contracts are two-way, and take care of the two young defensemen before arbitration could have been awarded later this summer. PuckPedia reports that Carlsson will earn $750K in the NHL, $150K in the AHL and has secured a $200K minor league guarantee. Juulsen’s contract details have not yet been released, but should likely come in around similar lines.

Juulsen, 24, had another season with just a handful of games played, spending a good chunk of the year on the injured reserve once again. Selected 26th overall in 2015, the former Montreal Canadiens prospect amazingly has played in just 100 professional games over the last four seasons, AHL and NHL combined. He’s dealt with major injuries, including one to his eye that caused vision problems, and finds himself on the fringe between the two levels. In four appearances with the Panthers this season he failed to record a point.

A year from now, Juulsen will become a Group VI unrestricted free agent, should he fail to secure at least a semi-regular spot in the Panthers lineup. After losing Chris Driedger in the expansion draft instead of one of their unprotected defensemen, it may be hard for him to crack the top-six.

The same can be said about Carlsson, who didn’t play a game with the Panthers after arriving in a midseason trade. Acquired along with Lucas Wallmark from the Chicago Blackhawks, the 24-year-old defenseman just played in 11 games with the Syracuse Crunch down the stretch. He did record nine points in those games, continuing a trend of offensive production in the minor leagues, but Carlsson has just 18 games of NHL experience to his name.

Even though he’s also 24, Carlsson’s birthday comes just after the Group VI cutoff for next year. The Panthers will retain his rights as an RFA regardless of where he plays this season.

Five Key Stories: 7/19/21 – 7/25/21

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Usually, by this point in July, activity around the NHL has cooled off considerably.  But this isn’t a normal offseason and the festivities kicked off over the past seven days including a pair of drafts.  Those are among the items covered in the key stories of the week.

Drafts: There were plenty of notable names available for Seattle in expansion.  Some were expected, others not so much.  However, GM Ron Francis avoided any possible temptation for taking on pricey deals, instead prioritizing salary cap flexibility.  They signed a trio of unrestricted free agents in goaltender Chris Driedger plus defensemen Jamie Oleksiak and Adam Larsson.  Up front, Jordan Eberle and Yanni Gourde were their richest acquisitions while blueliner Mark Giordano was their most expensive player taken; the full results can be found here.  Only one player selected was flipped in Tyler Pitlick.  Seattle will now enter free agency with enough room to make a splash or two if they so desire.

Meanwhile, the Entry Draft was also held on Friday and Saturday.  As expected, Owen Power went first overall to Buffalo while Matthew Beniers went second to Seattle.  In fact, four of the top five selections either played at Michigan or have a college commitment there for next season.  A total of 223 players were selected with Carolina making the most picks with 13.  The full draft results are here.

Vancouver Makes A Splash: The Canucks finished last in the North Division in 2020-21 but they believe they can win with that core and doubled down on that belief with the acquisition of defenseman Oliver Ekman-Larsson and winger Conor Garland from Arizona.  Heading the other way were forwards Loui Eriksson, Jay Beagle, and Antoine Roussel as cap-clearing pieces plus a trio of draft picks including the ninth-overall pick (Dylan Guenther).  Ekman-Larsson has six years remaining on his contract and even with the Coyotes paying down $990K per year, he’ll still be on their books for $7.26MM while Garland, who should help their top six, is a restricted free agent with arbitration rights.  It’s a big win-now move for a team that struggled this past season but there’s enough talent on Vancouver to turn things around quickly.

Jones To Chicago: When Seth Jones informed the Blue Jackets that he wasn’t interested in signing a contract extension with them, it forced their hand into trying to find a suitable trade fairly quickly.  Columbus was able to do that, moving Jones along with the 32nd pick (Nolan Allan) and a 2022 sixth-rounder to Chicago for defenseman Adam Boqvist, the 12th pick (Cole Sillinger), the 44th pick (Aleksi Heimosalmi), and a 2022 first-round pick (top-two protected).  As part of the move, the Blackhawks have agreed to an eight-year, $76MM contract extension although that can’t be officially announced until Wednesday when the calendar flips to the 2021-22 season.  Jones gives Chicago a prominent blueliner to build around while with these young pieces going the other way, Blue Jackets GM Jarmo Kekalainen has added to the foundation of their ongoing rebuild.

Flyers Dealings: The Flyers were busy on the defensive front.  In a cap-clearing move, they sent Shayne Gostisbehere along with second and seventh-round picks in 2022 to Arizona for no return.  Those savings were then applied to Rasmus Ristolainen who was acquired from Buffalo before the draft in exchange for the 14th pick in the draft (Isac Rosen), a 2023 second-rounder, and blueliner Robert Hagg.  Factoring in their big splash a week ago with the acquisition of Ryan Ellis, their back end will look a lot different next season.  GM Chuck Fletcher wasn’t done there, however, as he flipped Jakub Voracek to the Blue Jackets on the second day of the draft in exchange for Cam Atkinson in a swap that freed up nearly $2.4MM in cap room.

Re-Signings: On top of the big trades, there were also some notable re-signings.  Taylor Hall didn’t hide his desire to make his stay in Boston a longer one and that wish came to fruition as he agreed to a four-year, $24MM contract.  After scoring just twice with Buffalo, he scored eight times for the Bruins who brought him in at the trade deadline and he should help bolster their scoring beyond the top line.  Meanwhile, Miro Heiskanen’s record of having the highest AAV for a defenseman coming off his entry-level contract lasted all of a week.  The new mark has been set by Cale Makar of the Avalanche as the rearguard inked a six-year, $54MM contract.  The 22-year-old has 94 points in 101 career games and was the runner-up for the Norris Trophy this past season.  Even at that $9MM price tag, if his production continues to improve, this could wind up being a team-friendly deal by its conclusion.

Reinhart To Florida: A week like this deserves an extra move to recap as the Panthers made a big move of their own, acquiring Sam Reinhart from Buffalo in exchange for their 2022 first-round pick plus goaltending prospect Devon Levi.  Reinhart had expressed a hesitance in committing to Buffalo long term so they secure an extra first-rounder already plus an intriguing young netminder in Levi.  Meanwhile, Florida adds an impact forward as they look to take another step forward after an impressive 2020-21 campaign.  Worth noting, captain Aleksander Barkov is set to be an unrestricted free agent next summer so assuming they can get a long-term deal done with Reinhart (a pending RFA), he’ll represent some insurance if they can’t get Barkov extended.  In the meantime, a long playoff run should help their chances of extending Barkov and the addition of Reinhart will certainly give them a better chance to get beyond the first round.

Photo courtesy of USA Today Sports Images.

Offseason Checklist: New York Islanders

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The offseason is in full flight with the draft now complete and free agency fast approaching.  We continue our series which examines what each team needs to accomplish over the coming weeks and months.  Next up is a look at the Islanders.

For the third straight season, the Isles made it to the third round of the playoffs.  Also for the third straight season, they lost to the eventual Cup champion in Tampa Bay.  With cap constraints fast approaching, GM Lou Lamoriello has freed up some cap space with the trade of Nick Leddy to Detroit and losing Jordan Eberle to Seattle in expansion.  Now that he has some room to work with, his offseason checklist revolves around the reshaping of his roster.

Secure Defensive Certainty

There are several teams with multiple long-term commitments on the back end where their core is locked up.  The Islanders are not one of those teams.  Instead, they have just one blueliner signed beyond next season and that’s Scott Mayfield while Noah Dobson will be an RFA for the first time.  Maybe Sebastian Aho is a regular by then as well but otherwise, there aren’t many players guaranteed to be on the roster this time a year from now.

Ryan Pulock is entering the second and final year of his contract and looks to be one of the more prominent blueliners in the 2022 UFA class.  He has quietly emerged as a capable defender that can log big minutes on a top pairing, be reliable defensively, and contribute offensively with three straight seasons over 30 points before 2020-21.  He’s looking at a raise from his $5MM AAV if he gets to the open market but Lamoriello would be wise to have some discussions about an extension before then.

Then there’s Adam Pelech.  He’s set to hit restricted free agency for the final time this summer as he will also be eligible for unrestricted free agency in 2022 if he doesn’t sign a multi-year agreement in the coming months.  That gives him a bit of extra leverage heading into negotiations although his next deal shouldn’t be a highly expensive one.  Getting a multi-year deal in place would certainly by ideal for the Isles.

Otherwise, it’s possible that they enter next summer with $1.45MM in commitments on the back end.  While that’s plenty of spending flexibility at that position (that low of committed money on defense is basically unheard of), it would also put them under a lot of pressure a year from now.  Whether it’s getting Pulock and Pelech on multi-year deals, adding a veteran on a multi-year contract, or both, having some more certainty on the blueline is something Lamoriello needs to be working on.

Re-Sign Palmieri

The decision to protect two veteran fourth liners while leaving Eberle and Josh Bailey unprotected was largely for financial reasons.  New York clearly wanted to free up some cap space with an eye on retaining Kyle Palmieri and Eberle’s selection did just that, opening up $5.5MM in the process.

Now that they’ve freed up the money to keep Palmieri, they need to sign him.  The 30-year-old was acquired at the trade deadline from New Jersey (although with veteran Travis Zajac, another pending UFA) in exchange for a first-round pick (used on Chase Stillman).  He’s coming off a quiet year with just 10 goals in 51 games between two teams but before this past season, he had five straight seasons of 24 goals or more.

Chances are that Palmieri’s new deal will be close to what Eberle was making but assuming an agreement can be reached, it will basically be a trade, Eberle for Palmieri.  Now they just need to make sure both don’t leave for nothing but cap flexibility in return.

Add Scoring Help

There’s a reason that the Islanders are known as a defense-first team.  They play a stifling defensive system that they certainly get the most out of but part of that is by necessity as they are not a particularly talented team offensively.  The last time they finished higher than 20th in goals scored was 2017-18 back when Doug Weight was coaching and the team played a whole lot different than they do now.

Now consider that Eberle is gone; he tied for third in team scoring this past season.  Yes, Palmieri will effectively replace him assuming he re-signs but they’re basically only breaking even with that ‘trade’.  Leddy had more points than any other Islander blueliner so there’s another hole that needs to be filled.

The hope is that there is room for some internal improvements.  Dobson should be able to produce more and expectations will be high on RFA winger Anthony Beauvillier for him to step up into a bigger role and score with more consistency.  That will certainly help but they will still a below-average team at the offensive end.  Bringing in another top-six forward and even a blueliner that can help offensively would be a huge boost for them.

Of course, that’s easier said than done.  New York has about $17MM in cap room (that can be extended by up to $6MM with Johnny Boychuk on LTIR with their cap situation at the time of placement determining how much extra room is opened up) but a lot of free agents to contend with.  We’ve covered Palmieri, Pelech, and Beauvillier already but goaltender Ilya Sorokin (RFA) and center Casey Cizikas (UFA) also need new deals.  By the time all of those are done, they won’t have a whole lot of room left.  Accordingly, Lamoriello may still need to free up even more cap space over the coming days if he wants to add some scoring punch to his roster.

Photo courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Metropolitan Notes: Zibanejad, Mrazek, Samsonov, Carlson

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The Rangers have started preliminary discussions on an extension with center Mika Zibanejad, reports Larry Brooks of the New York Post.  2020-21 was a down season for the 28-year-old as he was slowed early on by a bout with COVID-19 although he managed to still post 24 goals and 26 assists in 50 games.  Brooks notes that the expectation is that Zibanejad’s camp will be seeking a new deal in the $10MM per year range, an AAV that only six centers around the league have hit.  Zibanejad has one more year left on his existing contract with a $5.35MM cap hit and will need to have a year similar to 2019-20 when he had 41 goals and 34 assists in 57 games if he wants a shot at becoming the seventh center to have a double-digit AAV.

More from the Metropolitan:

  • Hurricanes goaltender Petr Mrazek is expected to test the free agent market on Wednesday over signing a new deal with Carolina before then, relays Pierre LeBrun in his latest column for The Athletic (subscription link). He entered 2020-21 as their expected starter but injuries limited him to just a dozen starts.  With Alex Nedeljkovic being moved to Detroit, the Hurricanes now have three pending UFAs between the pipes although GM Don Waddell expressed optimism that they can get one of them signed.  At this point, it doesn’t seem as if Mrazek will be the one to put pen to paper on a new deal.
  • Capitals goaltender Ilya Samsonov is expected to sign a short-term bridge contract, GM Brian MacLellan told Samantha Pell of the Washington Post. The 24-year-old has shown some promising flashes but was inconsistent this past season, notching just a .902 SV% in 19 appearances.  Now locked in as their starter going forward, a strong couple of years on a short-term agreement could have Samsonov well-positioned for a much bigger contract in his next time through restricted free agency when he’ll have salary arbitration rights.
  • Also from Pell’s column, Capitals defenseman John Carlson has undergone minor knee surgery but is expected to be fully recovered for the start of training camp. The veteran played through the issue in the playoffs but still logged nearly 26 minutes a game in their opening-round loss to Boston.

Senators Will Not Extend Qualifying Offers To Six RFA’s

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The deadline to extend qualifying offers to restricted free agents arrives on Monday, but the Ottawa Senators have already made their plans clear. The young team has no shortage of restricted free agents, but that list is about to be trimmed substantially. As relayed by the Ottawa Sun’s Bruce Garrioch, Senators GM Pierre Dorion has confirmed that forwards Michael Amadio, J.C. Beaudin, Jonathan Davidsson, and Jack Kopacka, defenseman Brandon Fortunato, and goaltender Marcus Hogberg will not receive qualifying offers. That group of six is nearly half of Ottawa’s current 14 restricted free agents.

The most notable name on the list is Hogberg, who served as the Senators’ primary backup goalie the past two seasons. However, he is also the least surprising inclusion on the list. The team informed the 26-year-old back in May that they would not qualify him and have stuck to that promise. Hogberg has struggled in the NHL and is expected to return to Sweden.

Perhaps the biggest surprise is Amadio, who would only require the minimum $750K salary to qualify. Acquired this season from the Los Angeles Kings for defenseman Christian Wolanin, Amadio has 173 NHL games on his resume including a 2018-19 campaign in which he scored at a full season pace of 12 goals and 25 points. One would think that this could be a useful player for the Senators to hold on to, at least for a full year, but instead they will move on quickly from the 25-year-old winger.

Kopacka was also new to Ottawa this season, acquired from the San Jose Sharks as part of the package for defenseman Christian Jaros, but has never played in the NHL and did little in the AHL to show he was worthy of a new contract. Beaudin, who saw 22 games with the Senators this season, seemingly did not do enough in his audition to stick with the club. Fortunato, the most expensive player to qualify despite having no NHL experience and unspectacular AHL numbers, and Davidsson, who is signed to a multi-year deal overseas, are not surprising inclusions on this list of soon-to-be former Senators.

If anything, this exodus of RFA’s from Ottawa implies that the Senators see better uses for their maximum 50 contract slots. With a deep pipeline of prospects, the team could be looking to bring younger, more exciting options into the fold this season in place of these aging, uninspiring players.

Sabres’ Jake McCabe To Test The Market

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Injury could not have come at a worse time for Jake McCabe. The Buffalo Sabres defenseman had been nothing but dependable in his first five full NHL seasons, establishing himself as a solid two-way defenseman capable of shut-down defense with his checking and shot-blocking as well as transitioning the puck up the ice and contributing modest offense. Entering a contract year at just 27 years old, McCabe looked primed to play a critical role again for the Sabres and then was likely to be a highly sought-after trade deadline target. That all was supposed to conclude with a considerable raise and long-term contract in free agency, from Buffalo or elsewhere.

Instead, McCabe suffered a torn ACL, MCL, and meniscus in his right knee in February, just 13 games into the season. In that small sample size, McCabe posted a Corsi For rating that held as the best possession mark on the Sabres this season. He was also on pace for a career high in hits per game. Everything was going according to plan and just like that his season was over. Not only that, but the timeline for recovery was considered six-to-eight months and history has shown that ACL injuries can take even longer to heal for hockey players. McCabe’s season was over and now the following season was in doubt. At best, McCabe will not be healthy until a month after the free agent market opens. At worst, he may not be ready to play through the first month of the season or longer.

This has completely changed the outlook of McCabe’s impending free agency. The hopes of a long-term deal are likely shattered and it will be far harder to make a case for a pay raise. In fact, many had speculated that perhaps McCabe would simply re-sign in Buffalo, the team that knows the most about his current recovery and whose lineup it would be the easiest to transition into post-injury. However, it doesn’t seem like that will be the case. Buffalo Hockey Beat’s Bill Hoppe reports that McCabe will in fact test the market when free agency opens on July 28. Hoppe writes that the Sabres have been in contact with McCabe, but haven’t prioritized an extension with the career Sabre, despite his leadership role in the locker room as well as the recent losses of Rasmus Ristolainen and William Borgen from the back end. GM Kevyn Adams stated that McCabe will enter the market on his own accord though. He noted that the Sabres would welcome McCabe back if he wants to return at a fair price, but that the defenseman is “going to see what’s out there”.

McCabe’s market will certainly be an interesting one. While there are many good defensemen available, there are few great options. McCabe may have to settle for a one-year “show me” deal given his injury, but if a team believes in his ability and instead sees the injury as a way to sign the blue liner at a bargain price, perhaps he could still wind up with a multi-year deal. The Boston Bruins are one club that have been previously linked to McCabe, but there will be no shortage of teams that kick the tires on the defenseman now that it is confirmed that he is interested in testing the waters.

 

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