Looking Ahead To 35+ Contract Situations
In the NHL, signing players after they turn 35-years old comes with some added restrictions and capabilities. For one, those players are now eligible for one-year contracts that include performance bonuses, a way to mitigate risk for the team while still providing opportunities for previously successful players. The big restriction though, is that the cap hit of any contract signed after 35 will stay on the books regardless of what happens with the player. Whether their bought out or retire, the team will still face the full cap hit for the entire length of the deal.
This year, we saw Colorado swallow their pride and buy out Francois Beauchemin even with this extra clause, and they will face the full $4.5MM cap hit this season. Mike Cammalleri, who is now 35 himself and was similarly bought out will not fall under this rule because he signed his contract several years ago. Only if the contract is signed after 35 does it come into effect.
With that clear, let’s look at some of the players who will be under contract for the 2018-19 season and could potentially cause their teams a cap hit without actually playing for them. Here are all the 35+ contracts that will still be active after the coming season.
Patrick Marleau – Toronto Maple Leafs
The Toronto Maple Leafs signed Patrick Marleau to a three-year, $18.75MM contract this offseason and took a substantial risk in doing so. Marleau turns 38 before the season starts, and though he has been known to keep his body in great shape throughout his career is clearly on the regular downward trajectory every player experiences. The Maple Leafs did an interesting thing to reduce some of their risk however, by front-loading Marleau’s contract and paying nearly the whole thing out in signing bonuses. 
On July 2nd 2019, a few months before the final season of the contract begins, Marleau will have just $1.25MM left owed to him. Though he’ll be 41 for that season, and still carrying a $6.25MM cap hit, he’ll be a near-free option for a team struggling to hit the cap floor. That’s assuming he’s not still effective and the Maple Leafs want to keep him around, though they will be paying their young players like Auston Matthews a good chunk of the cap and may need the room. Marleau does have a no-movement clause, but if he’s set on retiring anyway it likely wouldn’t matter to him if his contract was traded.
Justin Williams – Carolina Hurricanes
Williams signed a two-year deal with the Hurricanes to return to the place he won his first Stanley Cup, and he comes with very little risk for the club in terms of retirement. Still a very effective scoring option, last season Williams actually registered his highest goal total since his days in Carolina a decade ago. It’s hard to see how he would fall so far in 2017-18 to make him think retirement was the only option.
That said, there is always a chance that a 35+ player could fall off a cliff production wise or just reach a point in his life that he wants to move on from hockey. If he did that next summer, the Hurricanes would be on the hook for a $4.5MM cap hit with no player to show for it. Luckily, the Hurricanes are one of those cap floor teams and an empty hit like that would pose no issue to their salary structure. They’d rather have an effective Williams in the lineup, but this deal came with almost no risk.
Ron Hainsey – Toronto Maple Leafs
Here come the Maple Leafs again, who handed out two multi-year deals to 35+ players this offseason. Hainsey comes fresh off a Stanley Cup victory with the Pittsburgh Penguins in his first taste of the playoffs, and will be expected to log difficult minutes in Toronto to take some pressure off their young group. His two-year, $6MM deal also comes front loaded should the team need to move him next summer.
Hainsey will be 38 when the contract expires, and some have already started to point out his deficiencies as the years roll on. With the Maple Leafs having to make decisions on James van Riemsdyk, Tyler Bozak, William Nylander and Leo Komarov next summer, any further decline from Hainsey could be a problem. With no buyout relief available, the Maple Leafs would likely have to bite the bullet and keep him around through the end of the deal.
Alex Burrows – Ottawa Senators
It took a two-year extension from the Ottawa Senators to get Burrows to waive his no-trade clause at last year’s deadline, and that number will be tough to watch for the team should he continue his rapid decline. For a player who once scored 35 goals in a season, Burrows had just 24 the last two combined. While he did show some better jump in the Ottawa lineup, the team has several young players who will deserve more playing time over the next couple of seasons.
$2.5MM isn’t the end of the world, but when you’re a team who works on a tight internal budget like the Senators every dollar can mean a lot. Without the buyout option and the risk of Burrows hanging it up, that $2.5MM could haunt them next summer. Luckily, it will expire before the team needs to shell out the dollars for Erik Karlsson, who will be eligible for extension next offseason but won’t have his expected record-breaking deal kick in until 2019-20.
Ryan Miller – Anaheim Ducks 
Anaheim took a risk handing out a 35+ contract to Miller, but there doesn’t seem to be any sign of him wanting to retire just yet. He’s now closer to his offseason home with actress Noureen DeWulf, and $2MM per season to backup John Gibson seems like a perfect scenario 37-year old goaltender. Even though he could suddenly turn ineffective, their faith in Gibson and his similar inexpensiveness (he’s owed just $2.3MM in each of the next two seasons) covers their back.
Derek MacKenzie – Florida Panthers
The two-year extension the Panthers gave their captain last summer was a surprising one, if only because you don’t usually see players of his stature receive a guaranteed contract a year before they’re due for one. MacKenzie signed his first 35+ contract, but it comes at such a small cost—$2.75MM total over two years—that it poses little risk. The team wouldn’t need to buy him out, and even if he were to hang up his skates next summer they would have plenty of cap room. Besides, the Panthers have had great success with 35+ contracts in the past—just ask Jaromir Jagr.
Photos courtesy of USA Today Sports Images
Jhonas Enroth Signs In KHL
Jhonas Enroth has found a home for the upcoming season, but it won’t be in the NHL. The free agent goaltender has signed on with Dinamo Minsk of the KHL for one season. Enroth split last season between the Toronto Maple Leafs and Anaheim Ducks organization, finding much success in the AHL with the San Diego Gulls.
NHL Snapshots: Jankowski, Chelios, Pastrnak, Dostie, Hintz
The Buffalo Sabres continue to do some management restructuring today, announcing the hiring of Ryan Jankowski to be the new director of amateur scouting. The team is also promoting Scott Crisp to be the assistant director of amateur scouting. Jankowski, who spent the last four years with Hockey Canada and served as the director of amateur of scouting there, now comes to join Jason Botterill and his new staff. He was responsible for selecting and evaluating players for Canada’s national junior team as well as under-18 and under-17 programs. He has also previously worked as a scout for the Montreal Canadiens and an assistant general manager for the New York Islanders, and had a hand in drafting current Sabres’ Kyle Okposo. Crisp, the team’s former head scout, has been scouting for 17 years, including the Calgary Flames and the Anaheim Ducks.
- About a month ago, PHR reported that Chris Chelios was leaving the Detroit Red Wings organization. The part-time assistant coach was reportedly trying to gain a position with the NHL Players’ Association. However, Chelios might not be as gone as some think. According to NBC Sports’ Cam Tucker, Chelios was recently seen at the Red Wings development camp and is still listed as an assistant coach on the team’s website. HockeyBuzz’s Bob Duff interviewed him and Chelios says he just took a leave of absence to explore a possible job with the NHLPA, but had always intended to return to the Red Wings if that didn’t come through. However, there is no indication that he did or didn’t get a position with the NHLPA yet.
- WEEI’s Ty Anderson tweets that Boston Bruins general manager Don Sweeney said today the team has made no progress on a new contract for restricted free agent David Pastrnak. The 21-year-old first-round pick in 2014 had a breakout season last year, putting up 34 goals and 70 points. The Bruins tweeted they are negotiating with several teams about trades and haven’t closed the doors on unrestricted free agent Drew Stafford.
- The Anaheim Ducks signed 2016 fourth-round pick Alex Dostie to a three-year entry-level contract, according to Sportsnet. The 20-year-old center spent the year playing for three teams, including the Gatineau Olympiques and the Charlottetown Islanders of the QMJHL, where he combined to put up 30 goals and 41 assists between the two teams. He also played one playoff game for the AHL’s San Diego Gulls without registering a point.
- The Dallas Stars tweeted that 2015 second-rounder Roope Hintz will likely come over to the United States to play hockey this season after a breakout year for HIFK Helsinki team in Finland. The 20-year-old scored 19 goals and 11 assists in 44 games last year.
Anaheim Ducks Sign Dennis Rasmussen
The Anaheim Ducks have added some center depth, signing Dennis Rasmussen to a one-year contract. Rasmussen became a free agent when the Chicago Blackhawks decided not to issue him a qualifying offer last month. No financials have been released so far.
Playing in 68 games with the Blackhawks last season, Rasmussen scored just eight points but was an effective fourth line checker. With the Ducks seeing Nate Thompson move on to Ottawa, Rasmussen should be able to fill some of his role on the fringe of the roster. While he’s not a good faceoff man, he could still be used in a center role for the club behind Ryan Getzlaf, Ryan Kesler and Antoine Vermette.
That said, Vermette would likely fit better in a fourth-line role himself if the Ducks could find another center to jump in front of him. Rickard Rakell and Andrew Cogliano seem poised to stay on the wing, while Chris Wagner is clearly not ready for a third-line role. Either way, adding Rasmussen gives the team another option for their bottom-six, one with solid NHL experience on a winning team.
Reto Berra Exercises NHL Option, Signs With Anaheim Ducks
Though he signed a three-year contract with Friborg-Gottéron of the NLA earlier this spring, Reto Berra has exercised an NHL option he had to leave the team and sign with the Anaheim Ducks for the 2017-18 season. The final two years of his contract will still be in effect in Switzerland, though it’s unclear whether another deal would void those as well.
Berra played last season with the Florida Panthers and their AHL affiliate, and has some NHL experience going back to 2013. The 30-year old goaltender was a fourth-round selection by the Blues in 2006 and has gotten into 71 games in his career.
The Ducks, having lost both Jhonas Enroth and Matt Hackett to free agency, needed some help at the AHL level. They do still have Dustin Tokarski there, and Ryan Miller was brought in to backup John Gibson at the NHL level, but extra depth in net is never a bad thing.
Who’s Playing On Another Team’s Dime?
The most recent CBA introduced retained salary transactions—trades where a team trade a player but agree to pay a percentage of his salary. This is ideal when a team wants a player but will have trouble fitting him in under the cap. The ability to retain salary comes with restrictions, however, so let’s briefly look at how retained salary transactions work before looking at which players are subject to them.
- A team can retain up to 50% of a player’s average salary (including bonuses);
- The retained salary amount is uniform over the full length of the player’s contract;
- A team can retain up to three players’ salary at one time;
- A team cannot have more than 15% of the salary cap devoted to retained salary;
- A team cannot retain salary on a player who is already subject to two current retained salary transactions;
- If a team acquires a player with retained salary, then trades him while also retaining salary, the second retained salary agreement cannot modify the initial retained salary agreement;
- Teams cannot reacquire a player within a year of trading him if it agreed to retain salary in the initial transaction (unless the player’s contract terminated);
- Retained salary obligations apply to any cap advantage recapture amounts; and
- Retained salary obligations still apply if a player is bought out or loaned to an AHL club. The NHL team would pay a portion of the player’s AHL salary (if applicable).
Pacific Signings: Gazdic, Oleksy, Grant
The Calgary Flames have signed enforcer Luke Gazdic to a one-year, two-way contract. Terms were not disclosed. Gazdic spent last year with the New Jersey Devils, where he split time between the NHL club and the AHL’s Albany Devils. Gazdic played 11 games for New Jersey, accumulating 12 penalty minutes. In 37 games for Albany, the 27-year-old wing had one goal, six assists and 63 penalty minutes.
He had his best season with the Edmonton Oilers back in the 2013-14 season in which he played a career-high 67 games and accumulated 127 penalty minutes as well as two goals and four points. Now he will move over to Calgary to provide much-needed depth to their back lines either in Calgary or the Stockton Heat, depending on the team’s needs.
The Flames have been quiet to start the offseason as they have only signed three players so far in free agency, including an entry-level contract to college star Spencer Foo, an entry-level contract to their 2016 sixth-round pick Stepan Falkovsky and a one-year deal with former New York Rangers’ wing Marek Hrivik.
- The Anaheim Ducks have signed defenseman Steven Oleksy to a two-year, one-way contract and also inked center Derek Grant to a one-year, one-way deal, according to L.A. Times reporter Helene Elliott. The Ducks also agreed to terms with wings Michael Liambas and Scott Sabourin to one-year, two-way contracts. Oleksy comes from Toronto, but was traded there from Pittsburgh last year. While he never played for the Maple Leafs, the 31-year-old defender did get go play 11 games for the Penguins before being traded. Grant also was traded midseason last year. The 27-year-old center played 40 games for the Buffalo Sabres and another six for the Nashville Predators, although he did not appear in any playoff games. Liambas, a 28-year-old center, has played in one NHL game in his career, while the 24-year-old Sabourin has not reached the NHL yet. He played in 54 games for the San Diego Gulls in the AHL.
Best Of What’s Left
As we close in on the end of an only moderately crazy July 1st, there are quite a few names that remain from our Top-50 Free Agents list. Here are the best of what remains, and an update on each:
Alexander Radulov (#2) – Radulov is apparently playing two serious suitors off one another – Montreal and Dallas. Nothing has substantially changed since that was reported by Pierre Lebrun at mid-day. Perhaps a deal is sorted out tomorrow, but the main issue seems to be term. Radulov had a solid season in Quebec, but perhaps his Nashville baggage is scaring the GMs away from a long-term commitment. Many might cite the Russian factor here as the holdup, but the bigger deal is that Radulov only has one successful NHL season under his belt this decade. 54 points is impressive, but it’s a small sample size.
Patrick Marleau (#6) – The longer this trails on, the more likely it would seem that Marleau is headed away from Northern California for the first time in his career. We at PHR generally believed he would remain, but other teams are pushing hard for his services. Darren Dreger reported hours ago that four teams were in the mix – San Jose, Dallas, Anaheim, and Toronto. Dallas seems intent on landing a big name, and Toronto has been active all afternoon. It’s hard to see Marleau going to the rival Ducks, but anything can happen. Kevin Kurz of NBC Sports California believes that the other franchises have offered the veteran winger more lucrative contract opportunities. It’s uncertain how much of this is posturing for a better deal from the Sharks, or whether he is serious about moving on.
Thomas Vanek (#9) – Vanek is apparently still in talks with multiple suitors, according to the Fourth Period’s David Pagnotta. There hasn’t been much smoke around Vanek, but I would expect things to heat up in the coming days. Although he’s slowed a step, he’s arguably one of the best forwards available and he won’t be exorbitantly expensive. He’s productive at 5 on 5 and he would be a solid fit in many teams’ top-six forward groups. Florida seems content to move on, but that could always change.
Jaromir Jagr (#13) – Perhaps the ageless wonder finally has worn out his welcome. According to his own twitter, he hasn’t received any calls. It’s shocking to see him go without any substantial interest, because he can certainly still produce. In this copycat league, it seems every franchise is trying to mimic the speedy model that has seen recent success. Perhaps a slowed Jagr is becoming a tougher sell. He’s definitely going to settle for less money than he was hoping for.
Andrei Markov (#14) – With the reports that Markov wants a two year contract with a $6 MM AAV, it’s not surprising that Montreal walked away. With Karl Alzner now in the fold, they have a lot of money already allocated to the blueline. They could always circle back, but Markov still provides a unique and valued skillset at his age and is likely to find a home elsewhere. Any team with a poor powerplay could be the one that gives the old-timer the contract he wants.
Mike Fisher (#18) – With Nashville acquiring Nick Bonino, and hinting that he will be their second line center, it seems a safe bet that Fisher may retire. If he wants to return, it would be on a sweetheart deal. Fisher has shown little interest in moving away from Tennessee.
Drew Stafford (#21) – Stafford had a rough year, but it’s difficult to imagine he won’t be a bargain for whichever team snags him. His 21 points last season through 58 games were easily a career low, but he’s only one year removed from a 21-goal season in Winnipeg. Boston GM Don Sweeney hasn’t cut off ties, apparently, according to CBS Boston’s Matt Kalman. Other than that, we’re pretty much in the dark. At this point, he’d be a low-risk top-nine player for any team looking to fill out their forward corps. Interest should pick up.
Cody Franson (#22) – Franson is arguably the most coveted defenseman that remains, as he performed admirably on a dreadful Sabres squad. It will be interesting to see the sort of money he will command. Today has been a day where both the money and term for most contracts has been remarkably reasonable. As the free agent bonanza drags on into day two, it begs the question of whether the prices will come down ever further. Franson can step in and contribute on a second pairing, but teams should be wary of giving him too many minutes. As a right-handed shot, his value is only increased, but will teams who missed out on Alzner and Shattenkirk be interested in allocating a good portion of that money to Franson instead?
Minor Transactions: 7/1/17
Some additional signings that happened today:
- The Carolina Hurricanes added Brenden Kichton to a one-year, two-way contract. The Hurricanes announced that the deal is for $700K in the NHL and $235K in the AHL. Kichton played 63 games with the Manitoba Moose last season, recording 23 points (1-22). Dennis Robertson and Jeremy Smith also signed deals with the Hurricanes.
- The Canucks inked Anton Rodin to a one-year, $700K deal according to Sportsnet. Rodin struggled with injury last year, playing only three games for Vancouver.
- The Detroit Red Wings brought Luke Witkowski into the fold for a “toughness” aspect. Witkowski is a Michigan native and was added with a two-year, $1.4MM deal. Interestingly, it appears that he will shuffle between defense and forward for Detroit. Despite a glut of forwards, Detroit may want him to play the role that Steve Ott did last season, especially since it was Witkowski who broke Anthony Mantha‘s finger in a scuffle last season while with Tampa Bay.
- Winnipeg inked Michael Sgarbossa to a one-year, $650K deal. Last season, he was with both the Anaheim Ducks and Florida Panthers. The 24-year-old had a combined nine points (2-7) with both teams. The Jets also added Buddy Robinson with a one-year deal worth $650K. It’s a two-way contract.
- Defenseman Seth Helgeson signed a one-year, two-way deal with the Islanders. The former New Jersey Devil played nine games with the big club last season, and spent 48 games with the AHL Albany Devils, scoring two goals and adding seven assists.
- Patrik Nemeth re-upped with Dallas, agreeing to a one-year, $945K deal. Nemeth had three points last season with the Stars in 40 games. Brian Flynn also hammered out a deal with Dallas, agreeing to a one-year, two-way contract for $700K. Flynn spent last season with Montreal. Mike McKenna also signed on with the Stars, agreeing to a one-year, two-way contract. Dallas also agreed to terms with Brent Regner, who signed a one-year, two-way deal.
- The Sabres signed Matt Tennyson to a two-year deal, with the first year being on a two-way contract while the second is a one-way deal. Tennyson spent last season with the Carolina Hurricanes, where he played 45 games. He had six assists. Seth Griffith and Adam Wilcox also inked deals with the Sabres. Griffith agreed to a one-year, $650K deal while Wilcox’s one-year deal is a
- The Providence Journal’s Mark Divver reports that Jordan Szwarz signed a two-way deal with the Boston Bruins. Szwarz spent all of last season with the Providence Bruins, where he had 54 points (22-32) in 65 games.
- Derek Grant is on the move according to Darren Dreger, agreeing to a one-year deal with the Anaheim Ducks for $650K. It’s a one-way contract for Grant, who spent the majority of his time last season with the Buffalo Sabres. He also saw six games with Nashville.
- Montreal and Joe Morrow agreed to a one-year, one-way contract. Formerly with the Bruins, Morrow had one assist with the B’s, but only appeared in 17 games, as opposed to the 33 he saw a season prior.
- Ottawa made a slew of signings, adding Ben Sexton Max Reinhart, Tyler Randell, Erik Burgdoerfer, and Danny Taylor to deals. Reinhart, Taylor and Randell all signed one-year deals, while Burgdoerfer and Sexton agreed to two-year deals.
- Mat Bodie signed a one-year, two-way contract with the Tampa Bay Lightning. Bodie appeared in a combined 62 games for Rochester and Hartford of the AHL last season. The Bolts also added Alex Gallant with a one-year deal. Gallant spent last year with the San Jose Barracuda. Finally, Michael Leighton and Jamie McBain both agreed to one-year, two-way deal as well.
- Kyle Rau and Minnesota came to terms on a one-year, $700K deal. Rau’s deal is a two-way deal and brings him back to his home state.
- TSN’s Aaron Ward tweets that Paul Carey agreed to terms with the New York Rangers. Ward reports that the deal is for one-year, and is worth $650K. The Blueshirts also added Cole Schneider to a one-year, two-way contract.
- The Flames brought Marek Hrivik aboard, signing him to a one-year, two-way deal. Postmedia’s Wes Gilbertson tweets the move is for organizational depth. According to Fox Sports West’s Jon Rosen, the Flames have also signed their 2016 seventh-round pick Stepan Falkovsky to a three-year entry-level contract.
- The Oilers signed Eddie Pasquale to a one-year, two-way deal. Pasquale was allowed to walk away from the Red Wings organization. Another player signed away from the Red Wings organization was Mitch Callahan, who agreed to a two-year, two-way deal. Both were reported by Ryan Rishaug. Keegan Lowe also inked a one-year, two-way deal. The Oilers weren’t done, also adding Ryan Stanton with a $700k deal. The deal is for two years, and is a two-way contract. Edmonton also inked forwards Brian Ferlin, Grayson Downing and Ty Rattie to one-year deals.
- Nashville agreed to terms with Pierre-Cedric Labrie, who came from the Blackhawks organization. Labrie agreed to a one-year, two-way contract. The deal is worth $650K.
- The Stanley Cup Champion Penguins added some names today, all on one-year deals. Jarred Tinordi, Zach Trotman and Greg McKegg all agreed to a single-year deal. Chris Summers signed on for a two-year deal. In an additional release, the team has re-signed Tom Sestito, Frank Corrado to one-year two-way deals, and goaltender Casey DeSmith to a two-year two-way deal. All three will earn $650K in the NHL.
- The Sharks and goalie Antoine Bibeau signed off on a one-year, two-way deal. Bibeau was not offered a qualifying deal with his former team in Toronto.
- The Maple Leafs weren’t done, as they announced the signings of Colin Greening to a one-year deal (two-way, $750K), and Chris Mueller (two-way, $650K) and Vincent LoVerde (two-way, $725K) to two-year deals.
- The Winnipeg Jets have signed defenseman Cameron Schilling to a one-year, two-way contract. Schilling was with the Rockford IceHogs and Ontario Reign last season, where he scored 26 points.
- The Colorado Avalanche have signed three more players, inking Andrew Agozzino and David Warsofsky to two-year deals while bringing in Joe Cannata for just one season.
- Arizona has signed Zac Rinaldo, Michael Sislo, Andrew Campbell and Joel Hanley to one-year two-way contracts. It’s a fall for Rinaldo, who was once traded for a third-round pick.
- Chase Balisy, Connor Brickley, Reece Scarlett, Harri Sateri and Curtis Valk have all signed one-year contracts with the Florida Panthers. Interestingly, Brickley was the Vegas Golden Knights’ selection from the Hurricanes during the expansion draft but was a Group VI free agent this summer.
- The Devils have added Brian Strait, Bracken Kearns and Brian Gibbons on one-year two-way deals, bringing in the veterans for $650K at the NHL level.
- The Vegas Golden Knights have signed six players. They have signed forward T.J. Tynan and defenseman Brad Hunt to two-year deals at $650,000 per season. They inked forward Paul Thompson, forward Stefan Matteau, defenseman Chris Casto and goalie Maxime Lagace to one-year contracts at $650,000.
Anaheim Ducks Sign Ryan Miller
As expected, the Anaheim Ducks have signed Ryan Miller to a two-year, $4MM deal. The former Vancouver Canucks goaltender will take his talents to Southern California, where he lives in the offseason with his family.
Miller is ranked 19th in the NHL for most wins for a goaltender with 358 career victories. He won the Vezina Trophy in 2010 with the Sabres, but has spent the past three seasons in Vancouver, where he had some success. However, the Canucks only reached the playoffs once in those three years, his first with the franchise. His $2MM per year will be quite a paycut from the $6MM he was making per year on his last contract when he signed a 3-year, $18MM contract back in 2014.
The soon-to-be 37-year-old goaltender finished this year with a 2.80 GAA in 54 games with a .914 save percentage. At his age, a lighter load for the veteran may be just what Miller needs as he will now backup John Gibson in Anaheim. He replaces Jonathan Bernier, who played 38 games backing up Gibson last year.