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Archives for July 2021

Mike Smith Re-Signs With Edmonton Oilers

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July 22: PuckPedia reports that the Oilers have signed Smith to a two-year, $4.4MM contract. The deal will pay the veteran netminder $1.9MM in 2021-22 and $2.5MM in 2022-23. GM Ken Holland confirmed the deal in his press availability, though it has not yet been officially announced by the team.

July 21: The Edmonton Oilers may have lost their 28-year-old shutdown defenseman today, but they won’t be losing their 39-year-old goaltender. Patrick Johnston of the Province tweets that Mike Smith will return to the Oilers on a multi-year deal. As Pierre LeBrun of The Athletic adds, teams can’t actually re-sign their own free agents until the transaction freeze lifts tomorrow, but there are “positive signs” between Smith and Edmonton. Chris Johnston of Sportsnet reports that the deal is expected to be for two years and carry an average annual value around $2MM.

Smith had one of the best seasons of his career in 2020-21, posting a .923 save percentage in 32 appearances for the Oilers and finishing seventh in Vezina Trophy voting. The veteran goaltender, who has now made 600 regular season starts over a 15-year career, hadn’t had that kind of performance since the 2011-12 season, when he led the Pheonix Coyotes to the Western Conference Finals. It’s hard to expect him to repeat that level of play on this new deal, but Smith at least represents a strong locker room presence and reliable option, even if he’s not at a Vezina-level in 2021-22.

Still, this will feel like a step backward for many Oilers fans, who are hoping for improvements this summer. The team re-signed Ryan Nugent-Hopkins to an eight-year deal, but are about to lose Adam Larsson to the Seattle Kraken. A buyout of Mikko Koskinen would clear some cap room, as will Oscar Klefbom staying on long-term injured reserve. But it’s not like GM Ken Holland has a ton of space to work with if he wants to take the next step forward.

In fact, if the team does buy out Koskinen, it seems unlikely that the team will be able to really afford a counterpart for Smith, at least not one that carries a high cap hit. The team does already have Alex Stalock under contract at $750K, who could serve as a fine backup, but that would be putting a lot of pressure on Smith to carry the load. With the defensive depth lacking and an upgrade needed to help Connor McDavid and Leon Draisaitl up front, things are getting tricky in Edmonton.

Photo courtesy of USA Today Sports Images

Canadiens Give Update On Price, Weber, Drouin

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The reports of Carey Price’s demise have been greatly exaggerated. Montreal Canadiens GM Marc Bergevin took to the podium today to speak with the media and indicated that the veteran goaltender will see doctors to examine some injuries, but the team isn’t expecting anything major. Bergevin gave an estimate of six-to-eight weeks recovery and noted there was a “small percentage” that it would be longer, once they determined the extent.

Price was left unprotected in the recent expansion draft, and rumors had been swirling that he might miss part of next season thanks to hip and knee injuries. That seems unlikely now, though at his age–Price will turn 34 in a few weeks–things can obviously change quickly.

Bergevin also spoke about Shea Weber, with much less confidence he will ever return to the Canadiens lineup. As Eric Engels of Sportsnet tweets, Weber is dealing with injuries to his ankle, foot, knee, and thumb and will not play next season. Bergevin even noted that he “probably won’t be back for his career.”

If it is indeed the end for Weber, it comes directly after the longest playoff run of his career, captaining the Canadiens all the way to the Stanley Cup Finals. The 35-year-old defenseman has played in 1,038 regular season games, racking up 224 goals and 589 points. Weber sits 15th all-time in goals from a defenseman and could very well be headed for the Hall of Fame when he officially retires.

That likely won’t be for some time though, as there are still five years left on Weber’s contract. His injury status should give the team grounds to move him to long-term injured reserve for those years, allowing Weber to collect the $12MM still owed to him. It would also give the team some added cap flexibility, but obviously takes an important piece of their lineup out.

His will still be a story to follow closely, if only because of the cap recapture penalties that could be enforced on the Nashville Predators if Weber retires before his contract expires. Remember though, recapture penalties were changed in the last CBA, meaning that no single-year penalty can be greater than the contract’s cap hit. It means, instead of the $24.5MM penalty that Nashville potentially faced if Weber retired in 2025, they would instead incur penalties of $7.85MM for three years, and then $1MM in 2028-29. Not exactly ideal still, but at least not completely crippling.

After Price and Weber were discussed, Bergevin moved to Jonathan Drouin, who took a leave of absence from the team earlier this year. The Canadiens GM was happy to report that Drouin is ready to return for the 2021-22 season, and specifically noted the connection between the talented forward and head coach Dominique Ducharme, going back to their days in the QMJHL. Drouin has two years left on his contract with Montreal and carries a $5.5MM cap hit.

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Matt Calvert Announces Retirement

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Take one more name off the unrestricted free agent list, as Colorado Avalanche forward Matt Calvert has decided to retire from professional hockey. Calvert has dealt with post-concussion symptoms over the last few seasons and played just 18 games for the Avalanche this year. According to the NHLPA, he is retiring due to a “career-ending injury,” though it does not specifically note the concussions.

In a statement, Calvert thanked those that have helped him along the way:

I’ve been lucky enough to play the game I love since I was five years old. I never played to make it to the NHL. I played to compete. I played for my teammates. I played for the fans. I played for my family. I played because I loved to battle, and I played to win. I dreamt of becoming an accountant when I was 18 years old and three years later, I was playing in the NHL…

Calvert will return to Brandon, Manitoba where he and his family live, and explains that he is still looking forward to skating on the outdoor rinks in retirement. The 31-year-old will end his career with 566 regular season games under his belt, all with with either the Columbus Blue Jackets or Colorado Avalanche. Calvert scored 95 goals and 203 points during those games, usually occupying a third or fourth-line spot and adding value on the penalty kill.

A fifth-round pick in 2008, the former Brandon Wheat Kings captain certainly carved out a long career in the NHL. From OHL star, scoring 99 points in his final year of junior, he successfully made the transition to depth player that so many fail to do. He would have likely been on many team’s radar if he was healthy and wanted to play next season, but instead he’ll hang up his skates.

AHL Exemption Coming For Some CHL Prospects

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In the 2020-21 season, with the OHL not playing at all and the other two CHL leagues playing shortened schedules, many prospects that would not normally be eligible for the AHL played in the minor leagues. According to the CHL-NHL agreement, many of those players would be forced back to junior for 2021-22, if they had not yet reached the age of 20. For a player like Cole Perfetti, it meant he would either have to make the Winnipeg Jets or return to the Saginaw Spirit, despite scoring 26 points in 32 games for the Manitoba Moose, clearly proving he can compete at the AHL level.

Special circumstances need special rules though, and Darren Dreger of TSN reports that the finishing touches are being put on an agreement that will allow junior eligible players who played 20 or more AHL games this season to return to the AHL in 2021-22. Perfetti, to stay with the same example, would not be required to go back to the OHL even though he is still just 19 years old.

The move would be a huge boost for the AHL, as the minor league could now have more young star power competing next season, but it is also a huge loss for the junior leagues, the OHL in particular. Players like Seth Jarvis or Connor Zary from the WHL didn’t have time to reach that 20-game threshold before their junior season started up again, even though they did play well in the short minor league stint.

One interesting case is Jamie Drysdale of the Anaheim Ducks. The 19-year-old defenseman played just 14 games at the AHL level, but that’s not because he went back to junior. Drysdale instead joined the NHL club for 24 games. Though he is likely to stay with the Ducks for next season, it is interesting to note that under the proposed rule, he would appear not to be eligible for AHL action if he struggles at all to start the year. Dreger does tweet that the eventual agreement will be a little more complicated, so perhaps there will be exceptions for players like Drysdale.

Yanni Gourde Out Following Shoulder Surgery

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The Seattle Kraken may have selected Yanni Gourde from the Tampa Bay Lightning, but he won’t be in the lineup on opening night. Kraken GM Ron Francis revealed after the draft that Gourde will be out for the start of the season thanks to shoulder surgery he had earlier this week. The expected recovery time is four months, putting him on track to return at some point in November.

A back-to-back Stanley Cup champion, Gourde is one of the most expensive players the Kraken took this evening, with a $5.17MM cap hit that stretches through 2024-25. The 29-year-old forward is expected to be in the mix for the top two center spots when healthy, but the Kraken will need to move forward without him for likely at least a month of the regular season.

That absence should provide even more opportunity to players like Jared McCann and Calle Jarnkrok, though the final Seattle roster is obviously not set. With no side-deals being announced in connection to the draft, you can bet there will be plenty of other transactions coming for the Kraken in the coming days.

East Notes: Laine, Dahlin, Ullmark, Kravtsov

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Blue Jackets winger Patrik Laine has received his $7.5MM qualifying offer from the team and is giving strong consideration to simply accepting it, suggests Brian Hedger of the Columbus Dispatch.  The 23-year-old disappointed after being acquired from Winnipeg, notching just 21 points in 45 games.  While he’s eligible for salary arbitration, Laine would be hard-pressed to land considerably more than that in a hearing even factoring in his previous success with the Jets.  If Laine does indeed accept the offer, he will be a restricted free agent with arbitration rights again next summer and will be owed a $7.5MM qualifier once again.  Notably, he’d also be a year away from unrestricted free agency at that time.

More from the Eastern Conference:

  • The Sabres have started contract discussions with pending RFA defenseman Rasmus Dahlin, reports Lance Lysowski of The Buffalo News. The number one pick in 2018 took a considerable step back offensively in 2020-21, notching just 23 points in 56 games after putting up 40 in 59 contests in his sophomore season.  As a result, it seems unlikely that Dahlin and Buffalo will be able to work out a long-term agreement that satisfies both sides so instead, a shorter-term pact that leaves the blueliner as a restricted free agent at the end of it is a more realistic outcome.
  • Still with Buffalo, the Sabres are continuing discussions with goaltender Linus Ullmark who is set to become an unrestricted free agent, relays John Vogl of The Athletic (Twitter link). The 27-year-old was one of three pending UFAs protected from Seattle in expansion but that was more of a case of Buffalo not having another one worth protecting than a sign that talks were progressing.  They opted not to trade him back at the trade deadline in the hopes that they’d be able to Ullmark under contract and they now have less than a week to do so before the free agent market opens up.
  • Rangers winger Vitali Kravtsov has changed agents, PuckPedia reports (Twitter link). He’s now represented by Gold Star Hockey’s Dan Milstein, an agent that represents several Russian-born players.  Kravtsov is eligible to sign a contract extension this summer and will be a restricted free agent next summer.

Expansion Tracker: Seattle Kraken

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The Seattle Kraken expansion picks were submitted to the league this morning, and after the conclusion of tonight’s Expansion Draft, everything has become official. It was a rather anticlimactic evening, as all of the picks had been leaked accurately throughout the day. It is important to note that considering some puzzling player selections and a large amount of cap space, more moves from the Kraken should happen later this week.

Anaheim: D Haydn Fleury
Arizona: F Tyler Pitlick
Boston: D Jeremy Lauzon
Buffalo: D William Borgen
Calgary: D Mark Giordano
Carolina: F Morgan Geekie
Chicago: F John Quenneville
Colorado: F Joonas Donskoi
Columbus: D Gavin Bayreuther
Dallas: D Jamie Oleksiak
Detroit: D Dennis Cholowski
Edmonton: D Adam Larsson
Florida: G Chris Driedger
Los Angeles: D Kurtis MacDermid
Minnesota: D Carson Soucy
Montreal: D Cale Fleury
Nashville: F Calle Jarnkrok
New Jersey: F Nathan Bastian
New York Islanders: F Jordan Eberle
New York Rangers: F Colin Blackwell
Ottawa: G Joey Daccord
Philadelphia: F Carsen Twarynski
Pittsburgh: F Brandon Tanev
San Jose: F Alexander True
St. Louis: D Vince Dunn
Tampa Bay: F Yanni Gourde
Toronto: F Jared McCann
Vancouver: F Kole Lind
Washington: G Vitek Vanecek
Winnipeg: F Mason Appleton

The Kraken finish with $29MM in cap space, via CapFriendly. Notable RFAs include Twarynski, Dunn, Borgen, and Cholowski. They could be looking at players like Geekie to make the full-time jump to the NHL next season, but for now, the roster looks relatively filled out. It’s got to be expected at this point that some defensemen will be dealt off the roster, as they currently sit with 10 at the NHL level with none of them being waiver-eligible.

This page will be updated as further reports come in, and the official list will be published later tonight.

Seattle Kraken Finalizing Deal With Chris Driedger

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Wednesday: CapFriendly reports that the deal carries a 10-team no-trade clause and will pay Driedger $2.5MM in 2021-22, $3.5MM in 2022-23, and $4.5MM in 2023-24.

Monday: It appears as though we may now know the first member of the Seattle Kraken’s NHL roster for 2021-22. Sportsnet’s Elliotte Friedman is reporting that the team is finalizing a three-year contract with Florida Panthers goaltender Chris Driedger. The contract carries a $3.5MM cap hit and is for three years, carrying him through the 2023-24 season.

The Seattle Kraken are indeed exempt from this current transaction freeze, meaning the deal could become official before Wednesday’s expansion draft. The Kraken have this period to speak with pending unrestricted free agents and agree on contracts if possible. Driedger, one of those pending UFAs, will count as the team’s selection from the Florida Panthers for expansion purposes.

Driedger will come to the Kraken and serve as one-half of what’s likely to be a formidable goalie duo. With names like Carey Price, Ben Bishop, Kaapo Kahkonen, Braden Holtby, Vitek Vanecek, and others as potential selections for Seattle, Driedger can expect 30-50 starts as part of a tandem situation.

It’s a chance for Driedger’s career to really take off on the West Coast. He’s emerged as an extremely capable netminder over the last two seasons in Florida, but his appearances have been limited due to the presence of Sergei Bobrovsky. Now, with the upstart Spencer Knight securing a spot for next season, Driedger wasn’t expected to return to the Panthers. Posting a remarkable 21-8-4 record and .931 save percentage across 34 Florida starts, his rise to prominence has been compared by some to that of the St. Louis Blues’ Jordan Binnington. But without a Stanley Cup Final run under his belt, Driedger obviously doesn’t carry the same clout. However, he’s shown the ability to repeat near-elite performance across two different seasons, albeit in a small sample size. Seattle keeps the cap hit low here, ensuring that the deal could still be fair value even if Driedger doesn’t quite repeat his Florida success.

Regardless, it’s an important move for the Kraken and general manager Ron Francis. It’s entirely possible that they’ve inked their starting netminder for Game 1 of the regular season, an exciting prospect to think about for the expansion team.

Seattle Kraken Ink Jamie Oleksiak To Five-Year Deal

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The Seattle Kraken have made waves ahead of the Expansion Draft’s start, signing pending unrestricted free agent defenseman Jamie Oleksiak to a five-year deal. Sportsnet’s Elliotte Friedman reports that the contract carries an average annual value of $4.6MM while CapFriendly adds that the breakdown is as follows:

2021-22: $3.5MM, full no-trade clause
2022-23: $4.25MM, full no-trade clause
2023-24: $6MM, full no-trade clause
2024-25: $5.5MM 16-team no-trade clause
2025-26: $3.75MM 16-team no-trade clause

Oleksiak had a coming-out party in last year’s Stanley Cup Playoffs, playing a crucial role on Dallas’ second pairing with Miro Heiskanen on the Stars’ run to the 2020 Stanley Cup Final. Oleksiak’s strong play continued into 2020-21, earning him this big payday.

Averaging over 20 minutes a night last season, Oleksiak’s defensive results improved with his ice time. Cementing himself as a true top-four body, it’s entirely possible that Oleksiak finds himself on a pairing with another new Kraken addition in Adam Larsson. It could end up being one of the better shutdown pairings in the entire league, albeit an expensive one with a combined $8.6MM cap hit between the two. Oleksiak scored 14 points in 56 games last season, so his offensive upside is limited, but he still might provide 25-point potential.

For the Stars, they lose a big minute-munching body. Finding a new partner for Miro Heiskanen will likely come down to securing a new name on the open market. While no-one left on the market will have the size and physical appeal of Oleksiak, there are other acceptable options through free agency.

All salary cap information via CapFriendly.com.

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