Free Agent Focus: New Jersey Devils

Free agency is now just 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 Devils.

Key Restricted Free Agents

F Dawson Mercer – For many players and the team, the 2023-24 NHL season for New Jersey paled compared to the prior year. Caught up in this negative trend, Mercer saw a seven-goal and 16-assist dropoff compared to the season he put together in 2022-23. However, under the tutelage of head coach Sheldon Keefe, Mercer should be relied upon quite heavily as a secondary scorer in the lineup. The front office may opt for a bridge deal with Mercer to save cap room for outside additions this summer, given that the team is bogged down with lengthy contracts to star players.

G Nico Daws – In one of the most dramatic goalie carousels of the 2023-24 season, the Devils used five different netminders this past year, with Daws finishing second in games played. In 20 starts, Daws compiled a record of 9-11-0 while posting a .894 save percentage and a 3.15 goals-against average. Daws did not fare much better in the American Hockey League, as he posted a similar SV% of .890 with the Utica Comets. Hoping to revamp their goaltending up and down the organization this summer, Daws may find himself on the open market if New Jersey does not tender him a qualifying offer.

G Akira Schmid – Posting almost identical stats to Daws this past season, Schmid started in 15 games for the Devils. Carrying a record of 5-9-1 in those 15 starts with a .895 SV% and 3.15 GAA, Schmid did not perform adequately enough to keep New Jersey above water. In a similar fashion to Daws, Schmid produced nearly the same in Utica, which makes him a non-tender candidate heading into the offseason.

Other RFAs:  F Nolan Foote, D Callan Foote, F Michael McLeod, D Santeri Hatakka

Key Unrestricted Free Agents

G Kaapo Kahkonen – Brought in at the trade deadline from the San Jose Sharks for a last-ditch effort to make the playoffs, Kahkonen’s solid play for New Jersey failed to move the needle in any meaningful way. After the trade, Kahkonen started in six games for the Devils, posting a 1-4-0 record while earning an exceptional .923 SV% and 2.51 goals-against average. Despite Kahkonen’s strong numbers, New Jersey will likely opt to retain Jake Allen as the backup for next season, while looking outside the organization for a legitimate starting goaltender. Even though his total production from the 2023-24 season was largely depressed during his time with the Sharks, Kahkonen should be able to land a backup gig this summer.

D Brendan Smith – Over the past two years, Smith has been a valuable veteran on New Jersey’s blue line. In one of his best offensive seasons since his time with the Detroit Red Wings, Smith posted five goals and 15 points over 63 games for the Devils this season. Unfortunately for Smith, with New Jersey graduating defensive prospects such as Luke Hughes and Simon Nemec, his time in the Garden State will likely end. Staying on the East Coast for much of his career, Smith should land a deal as a depth defenseman for another team in the NHL’s Metropolitan Division.

Other UFAs:  F Tomas Nosek, F Chris Tierney, D Nick DeSimone, F Kyle Criscuolo, D Tyler Wotherspoon, G Keith Kinkaid

Projected Cap Space

Now that the cap ceiling for the 2024-25 NHL season has officially been set at $88MM, this puts the Devils with just over $19MM to work with this summer. With little of those dollars needing to be spent on retaining internal players this summer, New Jersey should have plenty of flexibility to acquire a top-level netminder. Over the past few weeks, the Devils have been connected to  Juuse Saros of the Nashville Predators, Linus Ullmark from the Boston Bruins, and Jacob Markstrom from the Calgary Flames.

Although the Devils are looking to acquire top-level talent to return to contention next year, they must be mindful of upcoming extension candidates. On July 1st, L. Hughes will be eligible for a contract extension, meaning New Jersey must factor in a potential long-term deal in their offseason planning.

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