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Archives for September 2022

Five Key Stories: 8/29/22 – 9/4/22

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As the calendar has flipped to September, activity has started to pick up around the league with training camps on the horizon as some notable signings headline our key stories.

Vegas Adds A Goalie: With Robin Lehner out for the year, Vegas was looking at entering the season with a tandem of Logan Thompson and Laurent Brossoit, who is coming back from hip trouble.  GM Kelly McCrimmon spent some of his increased flexibility to add Phil Kessel earlier and then used most of what was left this past week to add another option between the pipes, acquiring Adin Hill from San Jose in exchange for a fourth-round pick.  The 26-year-old had an okay first season with the Sharks, posting a 2.66 GAA with a .906 SV% in 25 games in an injury-riddled year.  He has one year left on his contract with a $2.175MM AAV and while he has just 74 career NHL games under his belt, he’ll give the Golden Knights another viable option as they look to get back to the playoffs without a true number one netminder.

Keeping Their Coach: Mike Sullivan had two more years left on his contract so there was no immediate need to work on a new deal.  However, that didn’t stop the Penguins from locking up their bench boss as they handed him a three-year extension to keep him under contract through the 2026-27 campaign.  Sullivan has been behind the bench since December 2015, making him the second-longest tenured coach in the NHL behind Tampa Bay’s Jon Cooper.  In that time, Pittsburgh has a 297-156-54 record (.639 points percentage) while winning a pair of Stanley Cups in 2016 and 2017.  The Penguins have had stability behind the bench for a while and with this move, that won’t be changing anytime soon.

Seven For Thompson: Tage Thompson was one of the biggest surprises in the NHL last season.  After recording just 18 goals and 17 assists in his first 145 games, he exploded offensively in 2021-22 with 38 goals and 30 assists in 68 contests to lead the Sabres in scoring.  While Buffalo could have waited to see if he could sustain those numbers this coming season, they’ve instead given him a significant vote of confidence, handing him a seven-year, $50MM extension that will begin in 2023-24 and buys out five seasons of UFA eligibility.  It’s a deal that certainly carries some risk if the 24-year-old takes a step back offensively, but if his performance is a sign of things to come, the Sabres will have their top a big piece of the puzzle locked up for the long haul.

Bridge For Oettinger: With Dallas not having a ton of cap space at their disposal and the fact that Jake Oettinger only had just 77 career NHL appearances, a bridge deal was the expected outcome for the restricted free agent.  In the end, that’s exactly what happened as the two sides agreed to a three-year, $12MM agreement that will keep the 23-year-old RFA eligible at its expiration with a $4.8MM qualifying offer.  Oettinger started last season in the minors but quickly ascended to the starting role after being recalled in November, posting a 2.53 GAA along with a .914 SV% before a stellar performance against Calgary in the playoffs which nearly allowed them to pull off the seven-game upset.  With this deal done, the Stars will now turn their focus to RFA winger Jason Robertson.

Sticking Around: For the better part of a year, Canucks center J.T. Miller had been the subject of trade speculation with the team believed to have gone fairly deep into discussions with other teams.  But the whole time, both parties said they wanted to find a way to get an extension in place and they were able to do just that as the veteran signed a seven-year, $56MM deal that will begin in 2023-24.  The 29-year-old is coming off a dominant season that saw him record 99 points, good for ninth in the league.  $8MM for a top center isn’t overly expensive from an AAV perspective if Miller is able to maintain close to that level of production although signing him through his age-37 season will carry some risk.  Even so, Vancouver has their top pivot locked up for the long haul as they look to get back to playoff contention.

Photo courtesy of USA Today Sports Images.

Snapshots: McLeod, Red Wings, Boudreau

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With the Oilers having minimal cap flexibility (as it is, they likely need to clear money), Kurt Leavins of the Edmonton Journal believes that RFA center Ryan McLeod will ultimately be forced to take a one-year contract.  The 22-year-old had 21 points in 71 games last season but doesn’t have much leverage on his side as it’s unlikely he’ll be offer-sheeted while the bulk of his NHL experience is from 2021-22.  Accordingly, Leavins posits that a one-year agreement might check in just above the league minimum which would help Edmonton’s cap situation but also give him arbitration rights next summer.

Elsewhere around the hockey world:

  • The Red Wings have invited prospect Ivan Ivan to rookie camp, the youngster confirmed to Bob Duff of Detroit Hockey Now. The 20-year-old went undrafted back in July despite a strong season with Cape Breton of the QMJHL where he had 31 goals and 34 assists in 65 games.  Ivan most recently suited up for the Czechs at the World Juniors last month and is eligible to play in the pros this season so even if he can’t earn an entry-level contract with Detroit, an AHL deal could still be a possibility.
  • Last season, Bruce Boudreau was the toast of the town in Vancouver as the new bench boss nearly led the Canucks to an improbable playoff appearance. Despite that, Adam Proteau of The Hockey News posits that the head coach is squarely on the hot seat for 2022-23.  The team is clearly in win-now mode and has returned its core from last season with a couple of additions and he wasn’t picked by current management as he was installed behind the bench before Patrik Allvin took over as GM.  Allvin declined to offer a contract extension after the season so Boudreau instead will coach on the final year of his deal.  Those factors will certainly put pressure on him early and often.

Taylor Heise Named 2022 Women’s World Championship MVP

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Despite losing 2-1 in the gold medal game to Canada today, a breakout member for Team USA has taken home the MVP award for the 2022 IIHF Women’s World Championship. Taylor Heise, a collegiate player from the University of Minnesota, won the award after leading the tournament in scoring with 18 points in seven games.

Heise is returning to Minnesota next season for her fifth and final year in the program. As an alternate captain last season, Heise exploded for 29 goals, 37 assists, and 66 points in just 39 games. Minnesota was the number 2 ranked program in the country at season’s end but lost in the NCAA quarterfinals to state rival Duluth.

Heise also won the Directorate Award for best forward at the tournament. USA goaltender Nicole Hensley and Czech defender Daniela Pejsova won their respective positional awards. Hensley finished the tournament with a 4-1-0 record, .930 save percentage, and 1.08 goals-against average in five games, while Pesjova finished with five goals, four assists, and nine points in six games en route to Czechia earning their first medal at the tournament.

Team Canada Wins Gold At 2022 IIHF Women’s World Championships

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Team Canada has completed their run at the 2022 IIHF Women’s World Championships, culminating today in a 2-1 win against the United States to take home the gold medal for the second straight season.

For the national Canadian women’s team, it’s a sweep of the three major international events — they won gold at the 2022 Winter Olympics in Beijing and at the U18 Women’s Worlds in June, also against the United States.

This year’s edition of the Women’s World Championships also saw Czechia take home the bronze, marking the first time that they’ve medalled at the tournament. It’s the first time there’s been a new medalist at the Women’s Worlds in over a decade, a hallmark of the constantly increasing parity in the game.

Canada was led in scoring by youngster Sarah Fillier, who tallied five goals and six assists for 11 points in seven games. Team captain and international legend Marie-Philip Poulin finished second in team scoring with ten points. Overall in the tournament, American Taylor Heise led the pack with seven goals, 11 assists, and 18 points in seven games.

The Women’s Worlds was the last major event of the 2022 IIHF season.

Examining The Buffalo Sabres’ Financial Future

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When Buffalo Sabres general manager Kevyn Adams signed center Tage Thompson to an admittedly massive seven-year contract extension earlier this week, it raised some eyebrows considering the lack of consistency from Thompson in his career. Speaking after the fact a few days ago, Adams told The Buffalo News’ Lance Lysowski that “we’re also being strategic a little bit, to be honest, about the timeline knowing that there’s other guys potentially next summer where we’re going to be in this situation. We want to make sure we’re being strategic on when and how we put these deals together.”

So, given that Adams is envisioning more breakout campaigns from his young stars in 2022-23, how does the Sabres’ financial picture line up with their rise out of their years-long rebuild and the expected salary cap increases?

There are two players next summer who, depending on their campaigns, could demand significant pay raises over their sub-$1MM deals. Both Dylan Cozens and Rasmus Asplund are restricted free agents in 2023, although Cozens does not have arbitration rights.

Cozens is projected to slot right behind Thompson on the team’s depth chart, battling with Casey Mittelstadt for a spot centering their second line. If he wins that battle and sees increased playing time, Cozens’ offensive production is bound to take a step forward from his 38 points last season.

In any event, Cozens’ ceiling likely isn’t the 35+ goal season Thompson is coming off of, either. His development has been more linear, something that tracks well for the Sabres, at least in terms of certainty in contract negotiations. The team still currently has nearly $40MM in cap space to play with next offseason with the projected salary cap increase to $83.5MM, so any major contract the Sabres hand out now really doesn’t force their hand in the slightest.

It’s later on when things would get tricky, when the team is contending and their breakout stars want to capitalize on what should be a rapidly increasing salary cap at that point. From that point of view, betting on their players is a smart move from Adams at the moment. With the team still so far away from the salary cap, it can’t hurt to take a risk on what could be a team-friendly deal in five seasons. Even if the players don’t quite pan out as projected, those are deals that won’t be taking up nearly as much of their salary cap as they are now when they do become an issue.

Though Adams should be careful not to play with too much fire. Recent reports suggest that the first large salary cap jump could come in the 2024 offseason instead of 2025. That would be a boon to the Sabres, who have four major expiring contracts that offseason: Mittelstadt, Peyton Krebs, Rasmus Dahlin, and Owen Power. If everything goes as expected in terms of their development, that could very well be upwards of $30MM handed out just between those four players. If the Sabres put themselves in a position to give those contracts and still have some breathing room, they could finally construct a roster with the required depth to remain at the top of the Eastern Conference.

Latest On Zach Aston-Reese, Evan Rodrigues

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The calendar has now turned to September, only turning up the heat on both free agents looking for contracts and teams looking to fill roster holes ahead of training camp. A marginal salary cap increase over the past few seasons has made late-offseason moves tougher to make work, though, and it’s becoming more and more common to see situations get resolved at the last minute due to a lack of other options.

Two players who could be in that boat are a pair of former Pittsburgh Penguins forwards Zach Aston-Reese and Evan Rodrigues. Pittsburgh Hockey Now’s Dan Kingerski reported today that sources tell him both Aston-Reese and Rodrigues have interest and multiple offers from NHL teams but are “holding out for better situations.”  Kingerski named both the Calgary Flames and Vancouver Canucks specifically as teams that have kicked tires on Rodrigues, which had been previously reported. He noted that Aston-Reese had interest from two or three NHL teams, but that the bottom-six utility player is looking for more offensive opportunities on his next team.

Kingerski also mentioned to a lesser degree, that veteran center Brian Boyle has an interest in returning to Pittsburgh, although there isn’t much space for him on the organizational depth chart.

Whichever team does sign Aston-Reese will be getting one of the most valuable bottom-six threats (if not the most valuable) still on the market. His career-high of 17 points may not jump off the page, but he’s made a name for himself as one of the top defensive players, at least analytically speaking, in recent years. The 28-year-old product of Staten Island was dealt to the Anaheim Ducks at this year’s trade deadline in the Rickard Rakell trade and had four points in 17 games during his brief stint as a Duck.

An obvious fit for Aston-Reese would be the Winnipeg Jets, who still have some cap space to burn after signing Sam Gagner earlier this week. The Jets have some weak bottom-six depth that would allow Aston-Reese to see some more offensive looks, and his services could help solidify a historically defensively inept team.

Minor Transactions: 09/04/22

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Just a few weeks from now, NHL teams will be taking the ice to do battle in the preseason. Meanwhile, minor league and European clubs continue to make additions to their own rosters in preparation for the regular season. As always, we’ll keep track of today’s notable minor moves right here.

  • Veteran defenseman Adam Almqvist, a 2009 seventh-round pick of the Detroit Red Wings, has signed a one-year deal with KHL club Traktor Chelyabinsk. Almqvist spent 2021-22 with another KHL club, Dinamo Minsk, and scored 26 points in 41 games. The Swedish blueliner has 2 games of NHL experience under his belt, both coming in 2013-14, and he played a major role for the 2012-13 Grand Rapids Griffins, who won the Calder Cup. By playing in the KHL, Almqvist, who has represented Sweden in international tournaments in the past, will be ineligible to be called up to the Swedish national team.
  • Minor-league fixture Arvin Atwal, who has served as an AHL/ECHL tweener defenseman for most of his professional career, is headed back to North America. After spending 2021-22 with HK Spisska Nova Ves of the Slovakian league, Atwal has chosen to sign a one-year deal with the ECHL’s Cincinnati Cyclones. The 26-year-old blueliner has 583 PIM’s in 177 career ECHL games and should bring some physicality to a Cyclones franchise he played for from 2016-17 through 2018-19.
  • Dominik Furch, a longtime starting netminder in European leagues, has signed closer to home. The 32-year-old Furch backstopped Farjestad BK to an SHL championship last season and has signed a three-year contract with HC Kometa Brno. Furch, who has spent much of his career as a quality starting goalie in the KHL, brings championship experience to a Brno club that had a mediocre 2021-22. Perhaps most notably from an NHL perspective, the addition of Furch could displace Matej Tomek as the team’s starting goalie, which would be a setback in the career of the Philadelphia Flyers 2015 third-round pick.

This page will be updated throughout the day.

Leo Komarov Signs In Sweden

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In early August, we covered rumors that veteran NHL forward Leo Komarov would be spending the 2022-23 season in the SHL. While it turns out that Brynas won’t end up being the club that features Komarov next season, Komarov has ended up in the SHL after all. Per a team announcement, Lulea HF has signed Komarov to a one-year contract.

Komarov, 35, is a veteran of nearly 500 NHL games. He played for two teams in his NHL career, the New York Islanders and Toronto Maple Leafs, and has scored 170 points in his 491 career NHL games. Komarov’s most recent run was with the Islanders, where he played as a low-scoring bottom-sixer on a squad that went to back-to-back Eastern Conference Finals.

The best years of Komarov’s career came with the Toronto Maple Leafs, highlighted by a 2015-16 season where he scored 19 goals and 36 points and represented the Maple Leafs at the 2016 All-Star Game. A sixth-round pick in 2006, Komarov’s NHL career came after a long stretch of development in the KHL.

Komarov made his KHL return last season, skating in 18 regular-season contests and 16 playoff contests for SKA St. Petersburg, scoring a combined nine points. Komarov helped Finland win gold at the 2022 Beijing Winter Olympics and joins a Lulea team that fell just short of winning the SHL championship last season.

While a return to the NHL for Komarov is likely out of the picture, it’s definitely possible that he spends the remainder of his playing days as a quality forward in European leagues while also featuring in international tournaments.

Poll: Who Is Next To Rebuild?

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It seems every year in the NHL, a team mired in a years-long rebuild finally turns a corner and becomes a legitimate contender again while a team that has been successful for a long time finally decides it needs to start over and enters its own rebuild. One would think that the 2022-23 season wouldn’t be an exception, but while there are several teams that seem to be turning the corner, such as the Anaheim Ducks, Detroit Red Wings, and Ottawa Senators, it’s not immediately clear who is heading for an imminent rebuild. Sure, some teams already in a rebuild stepped up their efforts a bit, like the Chicago Blackhawks and San Jose Sharks, but their process had already begun. Before looking at the teams that could be in this unenviable position, we’ll attempt to classify the rest of the pack.

Window is Staying Open: CAR, CGY, COL, DAL, EDM, FLA, NYR, TBL, TOR

Up and Coming: ANA, BUF, CBJ, DET, LAK, NJD, OTT, VAN

Already Rebuilding: ARI, CHI, MTL, PHI, SEA, SJS

After trying to sort out where a large portion of the league stands on their builds, that leaves nine teams in a sort-of limbo state. These teams could, in theory, win the Stanley Cup this year, could be a team on the fringe of the playoff picture, or could find themselves needing to start things over. Once again, the remaining teams appear to fit into one of three categories on their status:

Proven Winner With A Veteran Core:

The teams best placed here would be the Boston Bruins, New York Islanders, Pittsburgh Penguins, St. Louis Blues, and Washington Capitals. With their current build, three teams have won at least one Stanley Cup (Pittsburgh, St. Louis, and Washington), one has made it to the Cup Final, Boston, and the fifth, the Islanders, made back-to-back Conference Finals. All five of these teams, for the most part, have a key group of players who are towards the later stages of their prime, if not out of it, and all have a substantial portion of that core signed for at least a couple more seasons.

A team like the Islanders who has one of the older groups, also has the largest portion of that group signed long-term. That, combined with their lack of a Stanley Cup would make them seem as though they will try at least a couple more times to be a winner. But the age and cap implications could have a volatile effect. To the opposite, Pittsburgh and Washington have achieved the ultimate goal so rebuilding when necessary would be easier to stomach. But, unlike the Capitals, the Penguins recently signed two players in their mid-30’s to long-term extensions. Either way, both teams have several veterans still at the top of their game.

Boston is in their own unique situation, as they have a few players in or entering their prime, such as David Pastrnak, Charlie McAvoy, Hampus Lindholm, and Jeremy Swayman and that group hasn’t won a Cup with the team. But time could be running out on veterans, and previous Cup winners, Patrice Bergeron, Brad Marchand, and David Krejci, not to mention Pastrnak’s looming free agency.

Lastly, St. Louis has a relatively younger core, which they’ve won with, but will be faced with nearly all of their key players hitting the UFA market in the next couple of seasons. If they can manage to keep those pieces while also managing their cap, they could easily fit in above with the windows open group but if not, a rebuild might be less of a choice than simply reality.

Cap Concerns:

The two teams included in this section, the Minnesota Wild and Vegas Golden Knights, have both impressed in recent seasons and boast a roster that would appear as though it can compete going forward. But, managing the cap will not only prove burdensome, but has already forced a number of moves that represent a step back for the organization. First, Vegas has sacrificed plenty in order to be instantly competitive and maintain themselves through their first five years in the league. That was as clear as ever last offseason when they traded Vezina Trophy winner Marc-Andre Fleury for a minor league player, and this offseason when they traded star forward Max Pacioretty for future considerations. The team has had to make sacrifices of real talent in order to stay cap compliant and keep the remainder of their group intact, which could spell disaster.

The Minnesota Wild have otherwise managed their cap situation rather well, but have put themselves in a difficult position with the buyouts of Zach Parise and Ryan Suter, which will put $12.74MM against their cap this year and $14.74MM the two years after. The Wild already had to trade the dynamic Kevin Fiala to make things work for 2022-23 and things only figure to get more difficult over the next three seasons. One bright side, the group they currently fit in with the penalties has shown they can perform as well as anyone.

Of note, one might think the Tampa Bay Lightning are a perfect fit in this section, however the recent extensions of Erik Cernak,, Anthony Cirelli, and Mikhail Sergachev show the organization has no plans on changing course for a considerably long time.

Lack Of Performance:

The Nashville Predators and Winnipeg Jets provide two of the most fascinating examples of teams that could rebuild, could breakout, or could just simply stay as a middle-of-the-road team. Both teams have a number of exciting names, many of whom are signed for at least a few years, but neither seem to be among the best of the best. This offseason the Predators re-signed Filip Forsberg and acquired Ryan McDonagh, showing their desire to stay competitive and improve. However, since their appearance in the 2017 Stanley Cup Finals, the team has made it past the first round once, back in 2018. Even with breakout performances from Forsberg, Matt Duchene, Ryan Johansen along with an all-time performance from Roman Josi, the Predators just made it into the playoffs, losing to the eventual Stanley Cup Champion Colorado Avalanche in the first round.

Winnipeg, like Nashville, carries several star players including Kyle Connor, Nikolaj Ehlers, Josh Morrissey, and Mark Scheifele along with former Vezina winner Connor Hellebuyck. Still, that group has made it past the first round once since their Western Conference Finals appearance in 2018, and failed to make the postseason altogether this year. Now with an older Blake Wheeler, as well as Scheifele an Hellebuyck each two years away from free agency, Winnipeg may need to re-evaluate their build if it can’t compete for a Stanley Cup regularly with this group.

Considering the teams that seem poised for a rebuild, who is the most likely one to blink first and tear things down? Could it be a team that’s had a good run but needs to get younger? A team that just needs to reset from a salary cap perspective? A team who just hasn’t been able to meet their goals? Or an unexpected candidate?

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This Day In Transactions History: Ilya Kovalchuk Signs Revised Fifteen-Year Contract With New Jersey Devils

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What if there had been an Ilya Kovalchuk, Jack Hughes, and Jesper Bratt line going into next season? At age 39, perhaps Kovalchuk would have been destined for the third line with some combination of Erik Haula, Tomas Tatar, Andreas Johnsson, and Dawson Mercer. It’s likely this isn’t exactly what the Devils and their fans were thinking when the team signed Kovalchuk to a 17-year, $102MM contract back in July 2010. After all, Hughes was just nine-years-old, current team captain Nico Hischier was 11, and All-Star defenseman Dougie Hamilton was looking to boost his stock in the 2011 draft with a big year for the Niagara IceDogs.

In reality, nothing went to plan when the Devils and then-GM Lou Lamoriello signed the 17-year pact with Kovalchuk, the NHL taking issue with it as a form of salary cap circumvention, an arbitrator agreeing with them. This would force a negotiation between the league and the NHLPA on how to handle the structure of long-term contracts. On top of Kovalchuk, the NHL had been looking into the contracts of Chris Pronger, Roberto Luongo, Marc Savard, and Marian Hossa, all of whom had received long-term, front-loaded contracts that carried salaries at or near the league minimum in the final few years, which served to bring down the overall cap hit of the deal.

In sum, the league and the players agreed to rules affecting new contracts (as of September, 2010) for five years or longer that lasted at least to a player’s 41st birthday which would give a more accurate reflection of the salary the player was earning. The agreement also made sure the issue wouldn’t automatically carry over into the next CBA, and of course, rules on contracts have changed dramatically since the 2012-13 lockout. Now, seven or eight-year maximums, consistent cap hits, 35+ contracts, and the like regulate at least that form of salary cap circumvention.

After the dispute, New Jersey and Kovalchuk agreed on a revised 15-year, $100MM contract on September 3, 2010 that would run through the 2024-25 season, carrying a cap hit of $6.67MM. The matter now settled, the Devils were looking ahead to their fourth Stanley Cup with their superstar in hand. Of course, as we know, the drama was far from over. During the first three years, Kovalchuk would be solid, but New Jersey would miss the playoffs in two of the three years. However, Kovalchuk and the Devils would take the Los Angeles Kings to Game Six of the 2012 Stanley Cup Finals, the winger playing a big part of that run.

Unfortunately for New Jersey, during the 2012-13 lockout, Kovalchuk would return home to Russia, playing with SKA St. Petersburg, who he had considered signing with during his 2010 free agency. The experience playing close to home and having his family nearby had an impact on Kovalchuk, who informed Lamoriello of his intention to return home to Russia after the shortened 2012-13 campaign. At just 30-years-old, Kovalchuk voluntarily retired from the NHL following the 2012-13 season, leaving 12 years and $77MM on the table. The Devils, who had already lost Zach Parise to free agency the year prior, were given a yearly $250K cap-recapture penalty, which is in effect through 2024-25, but were handed the forward’s cap hit back.

The 2013 offseason saw New Jersey bring in Jaromir Jagr to replace Kovalchuk’s production, the 41-year-old turning in an impressive 67-point campaign, but the Devils would miss out on the playoffs, finishing with 88 points. The team struggled to start the 2014-15 season, firing Head Coach Peter DeBoer and Lamoriello leaving that spring for an opportunity with the Toronto Maple Leafs. The organization would head into a full-scale rebuild, one which has, outside of a 2017-18 playoff appearance lead by Hart Trophy winner Taylor Hall, lasted through this offseason. Things look to have finally turned a corner in New Jersey, lead by Hughes, Hischier, Mercer, Hamilton, and a world class group of prospects including Luke Hughes, Simon Nemec, and Alexander Holtz, but the aftermath of trying to re-sign and then losing Kovalchuk is apparent.

The Devils and their fans may, and rightfully so, attribute this long, painful rebuild at least in part to Kovalchuk’s abrupt departure, however they may have been best-served by it. At the time of signing, New Jersey was expecting Kovalchuk to lead a team backstopped by an aging Martin Brodeur and lead up front by an older Patrik Elias. Though Cory Schneider was able to step-up as one of the league’s better goaltenders during their rebuild, the team didn’t really have the younger, supporting cast to put around Kovalchuk as he entered his 30’s. And, having his relatively large cap hit on the books would have made doing so, and likely rebuilding on-the-fly, rather difficult. That would have in turn likely delayed the inevitable: a lengthy, painful rebuild.

As for Kovalchuk, the winger got his wish to head home to play in his native Russia and have his family nearby, something he accounted for when he left the $77MM on the table back in New Jersey. He would spend five more seasons with St. Petersburg, serving as one of the league’s best players on a premier team. Following the 2017-18 season, the Devils’ NHL rights over the forward expired and a 35-year-old Kovalchuk sought a return to the NHL. He’d sign a three-year, $18.75MM contract with the Los Angeles Kings, but had his contract terminated part-way through the 2019-20 season.

The Kovalchuk mega-deal, whether it be the original or the revised, wasn’t the first or the last handed out by an NHL organization, but holds significant weight in NHL history. First, one of the league’s very best players leaving in his prime, with more money than most players will ever earn left on the table was one of the biggest and strangest transactions in hockey’s history, perhaps in sports history period. Further, the original deal and the revised, provided a roadmap that would change the framework of the NHL’s contract and salary cap systems for the long-haul. The changes brought about by the first contract sparked the league’s desire for change, which became a focal point for the 2012-13 lockout.

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