Free Agent Focus: Vegas Golden Knights

Free agency is now just a bit more than a month away and teams are looking ahead to when it opens. There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well. We continue our look around the NHL with an overview of the free agent situation for the Golden Knights.

Key Restricted Free Agents

F Pavel Dorofeyev – Dorofeyev made his long-awaited jump to the NHL this season, spending the entire year on the Golden Knights roster for the first time in his career. And while he missed five weeks of action in February and March due to an upper-body injury, Dorofeyev was still able to slot into a career-high 47 NHL games this season. He made the most of the opportunity, posting 13 goals and 24 assists and working into a routine role on the team’s power-play. The Russian winger has been a go-to pick for the top breakout candidate on Vegas’ lineups since he moved to North America in 2020. He fell just a bit shy of a true “breakout” this season, but he showed an impressive goal-scoring ability and seemed much more adjusted to the NHL. That likely sets him up for a cheap, short-term deal, though also likely due for a slight raise from the $925,000 salary he carried on his entry-level contract. In a year where Vegas’ cap space is as slim as can be, Dorofeyev seems to be the closest they have to a surefire re-signing. He’ll look to really stamp his mark in Vegas with a healthy year next season.

D Kaedan Korczak – Korczak was Vegas’ go-to call-up when they needed defensive help this season – something that happened plenty frequently, with each of Alex Pietrangelo, Shea Theodore, Nicolas Hague, and Zach Whitecloud missing significant time with injury. Those absences paved the way for Korczak to appear in 26 games. Playing through his official rookie season, Korczak scored one goal and nine points – recording identical scoring through 26 AHL games as well. Korczak stood tall when he was called upon this season but didn’t do much to warrant an everyday role. That should lead him to another cheap and short-term contract, though he could be the beneficiary of added ice time should any of Vegas’ seven NHL defensemen not return.

Other RFAs: F Ivan Morozov, G Isaiah Saville, F Mason Primeau, D Layton Ahac

Key Unrestricted Free Agents

F Jonathan Marchessault – Marchessault signed a hefty six-year, $30MM contract with the Golden Knights in 2018, after a dazzling 75-point sesaon in his first year with the team. He’s spent the six seasons since that signing establishing himself as one of Vegas’ first true icons, finding a way to make a strong impact in every season and earning the 2023 Conn Smythe Trophy during Vegas’ in first Stanley Cup win. But even after all of those accolades, Marchessault still saved his best for last – recording a career-high 42 goals on his way to 69 points in 82 games this season. He’s just the second Golden Knight to hit the 40-goal mark, joining William Karlsson’s 43-goal season in 2017-18. That fact maintains Marchessault’s value, even at the age of 33, and should set him up for a hardy raise from his previous $5MM salary. Vegas would need to make some cap-clearing moves if they wanted to bring Marchessault back. But with such an intricately-crafted lineup, Marchessault could be set to finally leave the franchise where he’s built a legacy.

F Chandler Stephenson – Vegas will watch with pain as they pay out the final cheque of Stephenson’s four-year, $11MM contract signed in 2020. The deal priced Stephenson at a $2.75MM cap hit – a price that quickly became one of the most team-friendly contracts in the NHL, as Stephenson solidified his strong role in the team’s middle-six. He’s stayed consistent in every aspect of the game – posting 51 points in 75 games this season after netting 64 and 65 in each of the last two years and remaining a dominant presence on the defensive side of the puck. There’s no telling what price tag he’ll ask on a new deal. At 30 years old, Stephenson still has plenty of hockey ahead of him. That, plus his strong scoring and two-way presence, could warrant a cost as expensive as $5MM, though he could be okay with another team-friendly deal for the sake of sticking with the team where he’s made his mark. But a free agency market is already building for Stephenson – and the promise of a flashier salary could entice him away from Sin City. He’ll be one of Vegas’ biggest losses, should he make that decision.

F Anthony Mantha – Mantha was seemingly an afterthought as the Trade Deadline approached. Even after posting 20 goals and 34 points through 56 games with the Washington Capitals, Mantha couldn’t warrant too rich of a trade return. He was dealt to Vegas for a 2024 second round pick and 2026 fourth round pick just ahead of the Deadline – making his debut with Vegas on March 7th. Mantha proceeded to record 10 points across the final 18 games of the regular season. That brought his scoring up to 23 goals and 44 points in 74 games, Mantha’s highest scoring since his 25 goals and 48 points in the 2018-19 season. That’s not necessarily phenomenal scoring but it was enough for Mantha to look comfortable among a Bruce Cassidy-led offense encouraged his power-forward, shoot-first style. Mantha’s chemistry with the team’s style, and ability to produce in an inconsistent third-line role, could be enough for Vegas to invite Mantha back – though he’ll need to settle for a price cheaper than his previous $5.7MM cap hit.  His style may also clash a bit too much with Dorofeyev – the younger, and likely cheaper, option. Mantha will have to market his value to teams, should he enter an open market full of moderately-priced goal-scorers.

G Jiri Patera – Jiri Patera is Vegas’ sole Group VI free agent this summer, after being leaned on for six NHL games this season. He posted a modest .893 save percentage in those appearances, bolstering his 11 wins and .903 save percentage in 25 AHL games. Those stats should be enough for Patera to earn a deal close to league-minimum, to once again serve as an AHL starter vying for an NHL roster spot. That could come with Vegas, though the team already has Adin Hill, Logan Thompson, Jesper Vikman, and Carl Lindbom signed to their goalie room. That room could be just a bit too crowded for Patera, who would otherwise be bound for unrestricted free agency.

Other UFAs: F Michael Amadio, F William Carrier, D Alec Martinez, F Sheldon Rempal, F Byron Froese

Projected Cap Space

The story of Vegas’ offseason is a story of slim-to-no cap space. They’re entering the summer with just shy of $900K in available cap space. That’s largely thanks to Noah Hanifin’s eight-year, $58.8MM contract extension kicking in, increasing his cap hit by nearly $6MM from his prorated $1.2375MM cap hit with Vegas this season, after 75 percent of his salary was retained in his Trade Deadline move. It seems the endless adding of expensive, star talent is finally catching up to Vegas – though fans have been fooled into thinking that many times before. The Golden Knights are likely set to lose one of their two notable UFAs – Marchessault and Stephenson – though they could move a depth defenseman like Brayden McNabb, or a pricey forward like Nicolas Roy, to build enough cap space to sign the other.

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