Five Key Stories: 7/31/23 – 8/6/23

The first week of August isn’t typically the busiest on the NHL calendar but there was quite a bit of news of note over the past seven days which is recapped in our key stories.

Goalie Deals: Minnesota was able to avoid salary arbitration with goaltender Filip Gustavsson, instead signing him to a three-year contract that carries a cap hit of $3.75MM.  The 25-year-old had a breakout showing last season, posting a 2.10 GAA along with a .931 SV%, the second-best mark in the league, in 39 games.  However, he still has just 66 appearances at the top level under his belt which helped keep the price tag in this range.  The deal buys the Wild two more years of team control.

Meanwhile, the Bruins and Jeremy Swayman weren’t able to come to terms before the hearing.  Instead, he was awarded a one-year, $3.475MM contract, a deal that came in just above the midpoint of the filings (Boston: $2.4MM, Swayman: $4.8MM).  The 24-year-old was a key part of Boston’s high-end tandem between the pipes with Linus Ullmark, putting up a 2.27 GAA and a .920 SV% (fourth in the league) in 37 games.  Swayman will once again be a restricted free agent next summer with arbitration rights.

Oilers Hire Jackson: Agents have slowly started to get more opportunities in an NHL front office and the Oilers are the latest team to go that route as they hired Wasserman’s Jeff Jackson as their new CEO.  Jackson takes the place of longtime executive Bob Nicholson who will remain in a lesser capacity.  Jackson’s most prominent client before being hired happens to be Edmonton center Connor McDavid and that existing relationship could be critical with the Hart and Pearson winner two years away from being eligible to work on a contract extension.  Speculatively, with GM Ken Holland being 67 and entering the final year of his deal, Jackson could be a candidate to take over in the relatively near future.

The Big Domino Falls: For the past few weeks, the market has largely been held up by Erik Karlsson.  Would the Sharks move him and who would get him?  In the end, it was indeed the Penguins who landed him, picking him up as part of a 12-piece three-team trade that also involved Montreal.  Pittsburgh picked up Karlsson (with 13% retention), wingers Rem Pitlick and Dillon Hamaliuk along with a 2026 third-round pick from San Jose.  The Sharks acquired wingers Mikael Granlund and Mike Hoffman, defenseman Jan Rutta, and Pittsburgh’s 2024 first-round selection (top-ten protected).  Meanwhile, the Canadiens brought back defenseman Jeff Petry (with 25% retention), goalie Casey DeSmith, winger Nathan Legare, and Pittsburgh’s 2025 second-rounder.  Karlsson is coming off a career year, becoming the first blueliner since Brian Leetch in 1991-92 to surpass the 100-point mark, helping him earn the Norris Trophy.  He immediately makes Pittsburgh’s offense more dangerous while San Jose adds a first-round selection and potentially some later picks if they flip some of the players they got down the road, a strategy that Montreal may be looking to take as well.

With Karlsson off the board, it didn’t take long for Mathew Dumba, the top defenseman left on the market, to find his next home as he agreed to terms with Arizona on a one-year, $3.9MM contract.  It’s an underwhelming contract relative to what he likely was expecting to get but if nothing else, the 29-year-old will have a chance to be an all-situations player with the Coyotes, potentially giving him an opportunity to boost his stock heading into next year’s free agent market.

Seven And Seven: While Anaheim and winger Troy Terry got as far as filing arbitration submissions, it didn’t get that far in the end.  Instead, the two sides worked out a seven-year, $49MM contract to keep him with the Ducks for the long haul.  Terry had two RFA years remaining so the contract gives Anaheim five extra years of control; those years will see the 25-year-old submit a ten-team no-trade list.  Terry had a breakout showing in 2021-22, putting up 37 goals and 30 assists and followed that up with a 23-goal, 38-assist performance last season, cementing himself as a go-to top-line option in the process.  Anaheim’s center depth is in great shape with Trevor Zegras, Mason McTavish, and second-overall pick Leo Carlsson and now their top winger will be playing with one of those three youngsters for years to come.

Sticking Around: The Capitals will have Tom Wilson around for the foreseeable future as the two sides agreed to a seven-year, $45.5MM extension.  The deal, which begins in the 2024-25 campaign, carries partial no-trade protection in all seven seasons.  The 29-year-old already has ten years in Washington under his belt and if he plays out this full deal with the Caps, he’ll become one of the longest-tenured players in franchise history.  Wilson is coming off an injury-shortened year but still had 13 goals and 97 hits in 33 games in 2022-23.  A legitimate top-six power forward, how well (or poorly) this deal plays out will largely be determined by Wilson’s ability to stay healthy, a challenge for many power forwards in the back half of their careers.

Photo courtesy of USA Today Sports Images.