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Arbitration

After Arbitration Hearing, Nate Schmidt Still Without Contract

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Though arbitration hasn’t resulted in any decisions yet this season, Vegas Golden Knights defenseman Nate Schmidt could be the first to have a ruling come down. Steve Carp of the Las Vegas Review-Journal reports that the two sides went through the hearing today in Toronto, and still do not have a contract worked out. That leaves them with a 48 hour window with which to come to some sort of an agreement, similar to Tomas Tatar and Viktor Arvidsson last month.

Schmidt submitted a one-year $2.75MM ask, while the team countered with a two-year deal worth a total of $1.95MM. Like any arbitration, those are outside points on a contract that will ultimately fall somewhere in the middle. The two year term is not negotiable however, as Schmidt filed for player-elected salary arbitration, which gives the option on length to the team.

That said, a long-term contract is still a possibility between the two sides. Schmidt has shown impressive potential with the Washington Capitals in the past, and is a dynamic player who could fit in quite well with a team strapped for high-end skill. His skating ability would be quite the draw for new fans, though success on the ice is obviously paramount. If Schmidt does receive a cheap two-year term, he would immediately become an excellent trade chip, something we’ve discussed in the past for the Golden Knights. The 26-year old would be an unrestricted free agent at the end of the two years.

Calvin de Haan Signs With New York Islanders

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Calvin de Haan was one of two remaining players scheduled for arbitration, and was set to have a hearing this morning in Toronto to decide his fate. Just before that happened, the two sides have agreed upon a new one-year deal worth $3.3MM. The two sides had been more than $3MM apart in their arbitration figures, but met somewhere in the middle for de Haan’s final season before unrestricted free agency. "<strong

Now 26-years old, de Haan is coming off the best statistical season of his career. Registering 25 points, he played in all 82 games for the Islanders and averaged almost 20 minutes a night. Though his role is likely unchanged with the trade of Travis Hamonic, he could see a slight bump in special teams time as the Islanders will likely be icing a pair of youngsters at some point throughout the year in Ryan Pulock and Adam Pelech.

de Haan really impressed at the recent World Championships for Team Canada and will now immediately jump to near the top of both a trade candidate and potential free agent list. If the Islanders are out of the playoff race by February, you’ll surely hear his name in rumors to add to a Cup contender. He’ll also be an interesting option on the free agent market, with his combination of youth and two-way play. With many players already starting to sign extensions, he could be one of the top options and earn a contract similar to Karl Alzner on the open market, if not even bigger.

That’s not to say that the Islanders can’t re-sign him, as he’s never shown any indication he doesn’t want to play for them. This agreement could be just a way to avoid the sometimes painful process of arbitration, which can be detrimental to a professional relationship. The two sides can work with the $3.3MM amount, which represents a slight raise on the $2.9MM he earned last year, but fits into the Islanders’ salary structure well. Signing him any longer may have never been an option for the club, as they have a huge offseason coming up next summer.

John Tavares, Josh Bailey, Nikolai Kulemin, Brock Nelson, Shane Prince, Alan Quine, Thomas Hickey, Ryan Pulock and now de Haan are all free agents of one sort or another, giving the team the option to go in one direction or another. That decision likely depends on Tavares’ decision on whether or not to stay long-term. If he doesn’t, the team has an easy tear down to try and rebuild around their young players like Josh Ho-Sang and Mathew Barzal, and de Haan could be more valuable on a cheap one-year deal at the deadline than a long-term contract with a much higher cap-hit. This will be a very important first half of the season for the Islanders, as their franchise could go in very different directions at mid-season.

Photo courtesy of USA Today Sports Images

Minnesota Wild Sign Mikael Granlund To Three-Year Deal

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The Minnesota Wild have signed restricted free agent Mikael Granlund to a new three-year, $17.25MM contract. Granlund was scheduled for a salary arbitration hearing on Friday, and would have exchanged figures with the team tomorrow morning. While the deal will carry a $5.75MM average annual value, it breaks down as follows:

  • 2017-18: $5.25MM
  • 2018-19: $5.5MM
  • 2019-20: $6.5MM

Mikael GranlundGranlund’s deal comes in an average of $500K more each season than fellow Wild RFA Nino Niederreiter, despite only giving up one year of unrestricted free agency. The 25-year old broke out this season after a move to the wing, scoring 26 goals and 69 points in 81 games. He followed that up by garnering both Selke and Lady Byng votes, and is a big part of one of the best two-way forward groups in the NHL.

The $5.75MM cap hit comes in fairly high for a player who only has one season with more than 45 points, though the Wild clearly believe in Granlund’s ability to repeat his performance. Ondrej Palat, who gave up four UFA seasons and has a longer track record of offensive success received just $5.3MM per season, though he doesn’t have the same versatility. At Granlund’s hit, he’ll come in as the third-highest paid forward on the Wild behind just Zach Parise ($7.54MM) and Mikko Koivu ($6.75MM). That will come with some added responsibility, and there is some risk to the deal.

Granlund enjoyed a shooting percentage almost twice as high as his previous career total, and rode that to an easy career-high in goals. Regression even to 10% (which would have still been a career-high) would have lost him nearly 10 goals. If he’s discovered a way to put the puck in the net more frequently (which is entirely possible) he’ll likely fulfill the contract with ease, but if he takes a small step backwards it could backfire. The two sides agreed upon a relatively short-term deal for likely this exact reason; Minnesota is minimizing risk, while Granlund believes he’ll be worth even more when he hits free agency.

The Wild now have just Marcus Foligno left to sign, acquired in a trade with Buffalo for Marco Scandella and Jason Pominville. While he’ll likely only command a salary somewhere between $2-3MM per season, the team is getting very close to the salary cap ceiling for the upcoming season. Even with Foligno signed they have just 11 forwards listed on their CapFriendly page, meaning they’re actually at least $650K closer to that ceiling when they bring up a young player to fill the last spot. That’s without carrying a 13th forward or 7th defenseman, either of which will put them right up against the cap—they also have a third goaltender listed currently, which won’t be there when the season begins.

Calvin de Haan and Nate Schmidt remain as the final two players scheduled for arbitration hearings, and both have exchanged figures already.

Michael Russo of the Star Tribune was first to report the contract details on Twitter. 

Photo courtesy of USA Today Sports Images

Nate Schmidt, Vegas Golden Knights Exchange Arbitration Figures

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Nate Schmidt is one of the final arbitration cases and is due to have a hearing on Thursday morning in Toronto with the Vegas Golden Knights. The two sides traded figures today, with the team offering a two-year deal worth a total of $1.95MM while Schmidt is looking for a one-year $2.75MM award according to Elliotte Friedman of Sportsnet.

Schmidt is the final restricted free agent left to sign for the Golden Knights, who are still working towards avoiding arbitration with the young defender. With two years left before he hits unrestricted free agency, the team opted for the two-year term that will take him right to the open market. As discussed previously, the Golden Knights are clearly trying to position themselves as a player at the trade deadline, and seem uninterested in players signed for more than two years.

While they could still reach a longer term deal with Schmidt, it’s not clear if they view him as a long-term piece of the franchise or a valuable asset that can continue to kick start a build through the draft. The dynamic skater could easily be one of the top options for a team this deadline looking to shore up their defense, especially after the excellent showing he had in the playoffs for the Washington Capitals. Schmidt almost made Karl Alzner obsolete, arguably playing better than him when the now-Montreal Canadien went down to injury in the first round.

Schmidt is coming off a year where he made $875K, so Vegas is offering him a very modest raise heading into next season. As always, these are outer limits for the negotiation and an arbitration decision would almost certainly come somewhere in the middle. In 60 games, Schmidt put up 17 points and was generally effective, though he still doesn’t have a very high profile among fans mostly due to his lack of draft pedigree. He was signed out of the University of Minnesota in 2013.

Buffalo Sabres Sign Nathan Beaulieu To Two-Year, $4.8MM Contract

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The Buffalo Sabres have avoided arbitration with Nathan Beaulieu, signing him to a two-year contract worth a total of $4.8MM just days before his hearing was scheduled. The 24-year old was due in Toronto for his hearing on Friday, but is another case of a player signing before going through the sometimes difficult process. He’ll still be a restricted free agent at the contract’s conclusion. Nathan Beaulieu

Beaulieu was acquired from the Montreal Canadiens earlier this offseason in exchange for a third-round pick, and will be expected to take on a bigger role in Buffalo this season. Playing over 19 minutes a night for the first time in his career, Beaulieu recorded 28 points and showed he was at least somewhat capable in running a powerplay unit. While he’ll likely be slotted in behind Marco Scandella in terms of five-on-five ice time, he should find a home on the second PP unit and be able to lengthen out the Sabres blue line. Montreal clearly wanted to move on from his style, as they moved Beaulieu and Alexei Emelin off and brought in Karl Alzner to fill most of the vacant even strength minutes.

An average annual value of $2.4MM actually slots Beaulieu in as the fifth-highest paid defender on the team, and he should provide good value for the deal. If he’s able to take another step forward it could turn into a huge steal for Buffalo, as he does have the potential to be a high-reward offensive player. Grouped with a more defensive option, Beaulieu could be deployed in a way to maximize that puck-moving ability and turn him into an effective weapon. We’ll see if he can finally sharpen that defensive game enough to be trusted with more minutes, but either way he should be an upgrade on the weak group the team iced last year.

It will be interesting to see what Beaulieu gets in his next contract, if he puts up another pair of seasons in the 30-point range. He’ll be a 26-year old arbitration eligible RFA, meaning any length of contract would be eating into his unrestricted free agent years. The Sabres won’t have to worry about that for a while, but it’s still something to think about as they move forward in long-term negotiations with Jack Eichel and company.

Calvin de Haan, New York Islanders Exchange Arbitration Figures

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Arbitration hearings get back to business on Wednesday after a short break due to early settlements, and Calvin de Haan is next up on the agenda. The two sides exchanged figures today, and they’re still quite a bit apart on his value for next season. According to Elliotte Friedman of Sportsnet, the New York Islanders’ offered a one-year $1.95MM deal, while de Haan’s camp is looking for a one-year $5MM contract. As we’ve seen, the two sides can come to an agreement even after the hearing, in the 48-hours the arbitrator has to decide on a salary for next season. Calvin de Haan

de Haan is in his final year of restricted free agency and therefore could not receive a two-year deal in arbitration like most players. He’ll be heading to unrestricted free agency next summer if it comes down to an arbitrator’s decision, though obviously an extension is still possible after that. If he’s looking for at least $5MM through his UFA years though, the Islanders’ may not be able to afford to keep him. The team already has Nick Leddy and Johnny Boychuk locked up long term for $11.5MM combined, and will need all the money they can get for what is turning into a huge summer for them in 2018. Not only is John Tavares due for a massive extension, but Josh Bailey, Nikolai Kulemin and Thomas Hickey are set to become UFAs and the team will have to decide what to do in net behind (or beside) Thomas Greiss. Brock Nelson, Alan Quine, Shane Prince, Ryan Pulock and Scott Mayfield are all restricted free agents needing new contracts, with most eligible for arbitration.

So, it will be interesting to see what de Haan is awarded should it get that far. He’s coming off a year in which he recorded a career-high in points with 25 while playing over 19 minutes a night for the fourth straight season. Playing in all 82 games he easily led the team in blocked shots and is an excellent possession player in terms of both shot generation and suppression. His effect is clear at both ends of the rink, and he’s asking to be paid like a true top-4 option. The Islanders’ counter seems to make little sense, since de Haan’s qualifying offer was $2.5MM and even his cap hit was (slightly) more than $1.95MM last season.

It would be almost impossible for an arbitrator to decide that the Islanders’ number is acceptable, though unlike the MLB the decision does not have to be one or the other. They can award any salary, and anything over $4MM the Islanders can choose to walk away from. It’s unlikely they’d do that in this case, as they’re trying to compete this season but it would be interesting with only $6.9MM left in cap space and a clear desire to add another piece before the start of the season. Depending on the decision they could be forced to move some salary out in any trade, making a deal for a top name like Matt Duchene even harder to accomplish.

Photo courtesy of USA Today Sports Images

Nate Schmidt Still Working Towards Contract With Golden Knights

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One of the few remaining arbitration cases left on the docket, Nate Schmidt is the Vegas Golden Knights’ final restricted free agent to sign this summer. Though he has a hearing scheduled for Thursday, August 3rd, Schmidt and the team are still hoping to get something done before the meeting according to Steve Carp of the Las Vegas Review-Journal.

Schmidt turned 26 a few weeks ago, and has two years of team control left. If the Golden Knights choose a one-year arbitration award, he would remain a restricted free agent again next summer and be eligible to repeat the process. Otherwise, any contract longer than two years would start buying out unrestricted free agent years, driving the price noticeably higher. Schmidt is coming off an interesting season where he averaged less than 15 and a half minutes a night but was dynamic and explosive every time he was given a bigger opportunity. He recorded 17 points in just 60 games, and could easily be the Golden Knights’ highest-scoring defenseman this season.

He’s coming off a contract that paid him just $875K last season, and it will be interesting to see how high the Golden Knights are willing to go and if they even want to lock him up long term. As we’ve looked at before, the team is clearly preparing itself to move several players at the trade deadline this year, and Schmidt would hold a lot of value on a short-term deal. If they don’t believe he can be part of the first winning Vegas team—which could happen sooner than you think—getting him under a reasonable cap number without buying out UFA seasons makes him a very appealing target around the league.

Upcoming RFA Arbitrations

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Next week is the last week for scheduled RFA arbitrations. So far no team or player has managed to actually make it to arbitration. Rather, parties have settled in every arbitration case prior to the arbitration hearing date. The same fate may await the following six players who make up the final set of arbitration dates.

August 2nd: Calvin de Haan – New York Islanders
The New York Islanders defenseman had a $1.97MM cap hit last season, and put up 5G and 20A in 82 games.

August 3rd: Nate Schmidt – Vegas Golden Knights
The former Washington Capitals defenseman—selected by the Vegas Golden Knights in the NHL expansion draft—put up 3G and 14A in 60 games last season. His previous cap hit was $812K.

August 3rd: Nino Niederreiter – Minnesota Wild
The 24 year-old Wild forward had a previous cap hit of $2.66MM and scored 25G and 32A in 82 games last season. Expect a significant raise.

August 4th: Mikael Granlund – Minnesota Wild
The 25 year-old Wild forward put up even better numbers than Neiderreiter with 26G and 43A in 81 games. Expect a significant raise over his previous $3MM cap hit.

August 4th: Conor Sheary – Pittsburgh Penguins
Fresh off a career season and a Stanley Cup victory, Sheary looks for a significant raise over his $667K contract. Sheary put up 23G and 30A in 61 games last season.

August 4th: Nathan Beaulieu – Buffalo Sabres
The 24 year-old defenseman scored 4G and 24A in 74 games last season. His previous cap hit was an even $1MM.

Ryan Johansen Signs Eight-Year Contract With Nashville Predators

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The Nashville Predators have signed Ryan Johansen to a new contract. The deal is for eight seasons, worth $64MM and interestingly does not contain any no-trade or no-movement clauses. Johansen was a restricted free agent for the second time, and coming off a three-year $12MM deal he signed before being traded to the Predators. He was eligible for salary arbitration but chose not to file, instead working out a long-term extension with the team. Ryan Johansen

Johansen, 24, was acquired by the Predators from the Columbus Blue Jackets in early 2016 in exchange for defensemen Seth Jones. In a swap of fourth-overall picks, Johansen immediately filled a gaping hole on the Predators as a big number one center, while Jones joined one of the deepest defense corps in the league in Columbus.

Armed with a solid offensive group around him in Nashville, Johansen put up his fourth straight 60-point season and was a huge part in the Predators going all the way to the Stanley Cup Finals. Unfortunately he wasn’t able to see it to the end, as he was injured in the Western Conference Finals on what seemed to be a pretty innocuous play, and would require immediate surgery.

Already this summer the Predators have seen Viktor Arvidsson locked up for the next seven years, while Filip Forsberg signed a long-term deal just a year ago. Those three form the core of what is an impressive forward group, that will get Nick Bonino, Scott Hartnell and several young players added this year. While James Neal has gone to Vegas, and Mike Fisher hasn’t yet made a decision on a comeback, the present and future looks very bright in Smashville.

The $8MM average annual value of the deal puts Johansen tied for the 15th-highest paid player in the league next season, and eighth among centers right alongside Joe Thornton, who signed a one-year deal to return to San Jose. This deal’s biggest comparable may just be Evgeny Kuznetsov, who signed an eight-year deal of his own just a few weeks ago. Kuznetsov will get $7.8MM per season, but also has considerably less experience in the NHL (though they are just a few months apart in age).

Ryan JohansenThe Predators’ top line of Johansen, Arvidsson and Forsberg is now under contract for a total of $18.25MM for the next five seasons, and are all still under the age of 25 currently. The trio is as dominant a group as you can find in the NHL, though as GM David Poile joked in his press conference, Johansen also has plenty of experience (and success) playing with Hartnell from their days in Columbus. It will be interesting to see the deployment next season, and if head coach Peter Laviolette breaks up his dynamic young line to spread out some of the offense.

For all the things Johansen does well, it’s important to note that he’s not without flaws. For all the offense he can create, he has been criticized in the past for a perceived lack of effort at times and has scored just 14 goals each of the last two seasons. While both those years came with relatively low shooting percentages, he doesn’t generate as many shots as some of the other premiere centers in the league and could stand to use his size to his advantage a bit more.

That said, when lined up with natural goal scorers his playmaking ability can mesh and be disastrous for opponents to handle. His defensive acumen and work in the faceoff dot is exemplary, and should only improve as he enters his prime. Like Thornton in San Jose and Ryan Getzlaf in Anaheim, those skills can be more than enough to make an outstanding career.

Adam Vingan of the Tennessean first had the deal.

St. Louis Re-Signs Jordan Binnington

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July 28th: The team has officially announced the contract.

July 22nd: While an official announcement from the team is still forthcoming, CapFriendly revealed last night that the St. Louis Blues have come to terms with goaltender Jordan Binnington on a new contract. It is expected that Binnington will sign a one-year, two-way deal worth $660K, just a tad over the minimum, at the NHL level.

When Binnington, a restricted free agent, chose not to file for arbitration despite being eligible to do so, it seemed that there was a mutual understanding between both sides and a new contract was just a matter of time. The 24-year-old has shown promise in short spurts, but really lacks the NHL experience or stretches of AHL dominance to have much leverage in negotiations. A third-round pick out of the OHL’s Owen Sound Attack in 2011, Binnington was named the OHL Goaltender of the Year in 2012-13 and expectations were high for his pro future. However, heading into his fifth pro season, Binnington has seemingly been progressing backwards. After posting a .916 save percentage and 2.35 GAA in 45 appearances in his first full season with the AHL’s Chicago Wolves in 2014-15, Binnington’s stats dropped sharply in 2015-16 and he ended up with just 32 appearances in 2016-17, having to share the net with Pheonix Copley (until he was traded) and Ville Husso. Both of those other goalies played significantly better than Binnington as well, with Copley earning an NHL call-up instead of Binnington. His lone NHL appearance remains a debut in relief of Brian Elliott at the end of a 2015 game, in which Binnington allowed a goal on four shots in the final 13 minutes.

As if Binnington’s NHL future and role for the Blues wasn’t unclear enough, St. Louis’ AHL situation further muddies the waters. It was announced in May that the Chicago Wolves would become the AHL affiliate of the expansion Vegas Golden Knights and then just recently, the AHL stated that it would be expanding to match the NHL’s new 31-team format, but not until the 2018-19 season. Unfortunately for the Blues, until then they will have to share the Wolves with Vegas, who needs the depth, but will surely favor their own prospects over a conference rival’s. This is especially true in net, where there are only so many starts to go around. The Knights have signed Maxime Lagace and Oscar Dansk this off-season as AHL depth behind Expansion Draft selections Marc-Andre Fleury and Calvin Pickard. That pair will likely get the lion’s share of minutes in net this season for the Wolves, with the Blues’ keepers as an afterthought. Given the solid tandem of Jake Allen and Carter Hutton in St. Louis and Husso essentially passing up Binnington on the organizational depth chart, it seems that Binnington will not only be fourth string for his NHL team, but also for his AHL team as well. It could be a long year for the former highly-touted prospect.

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