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Arbitration

St. Louis Blues Settle With Alexey Toropchenko

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The St. Louis Blues have settled on a new contract with forward Alexey Toropchenko before his arbitration hearing next Thursday, the team announced this morning. His new deal will keep him in St. Louis for two more seasons and carry a cap hit of $1.25MM, earning him $2.5MM in total.

Toropchenko was St. Louis’ last unsigned restricted free agent. It’s a good thing they don’t have more off-season business to handle, as CapFriendly listed the Blues with just $810K in projected cap space before Toropchenko signed.

However, that figure assumes a roster of 14 forwards and eight defensemen, one player over the 23-person roster limit. They’ll get cap-compliant by assigning someone to the minors or trading one of their multiple defenders rumored to be on the trade block.

For Toropchenko, this is a nice pay bump after the 24-year-old winger made the league-minimum salary on a two-way deal last season. Drafted 113th overall in 2017, Toropchenko set career highs across the board in 2022-23, recording ten goals, nine assists, 19 points, and a +6 rating in 69 games played.

Head coach Craig Berube primarily utilized Toropchenko in a fourth-line role last year, and he’s likely to do so again. The Blues bolstered their forward corps over the last few months of 2022-23 with the additions of Kasperi Kapanen and Jakub Vrana, and they also acquired Kevin Hayes from the Philadelphia Flyers via trade last month, mainly filling up their top nine.

Toropchenko did post strong defensive metrics in that limited role, and he uses his 6-foot-3 frame to his advantage when forechecking. While it’s unlikely he’ll ever reach a top-six role, there’s a lot to like about his game in his limited role.

He’ll be a restricted free agent once again when his new contract expires in 2025, although he’ll be just one year away from unrestricted free agency.

Sportsnet’s Elliotte Friedman was first to report the new contract.

Twenty Two Players File For Salary Arbitration

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The NHLPA has announced the full list of players who’ve elected salary arbitration this offseason:

F Morgan Barron (WPG)
D William Borgen (SEA)
F Noah Cates (PHI)
F Ross Colton (COL)
F Brandon Duhaime (MIN)
D Vince Dunn (SEA)
D Cale Fleury (SEA)
F Trent Frederic (BOS)
G Filip Gustavsson (MIN)
F Brett Howden (VGK)
F Tanner Jeannot (TBL)
F Philipp Kurashev (CHI)
F Jack McBain (ARI)
F Ryan McLeod (EDM)
D Ian Mitchell (BOS)
F Drew O’Connor (PIT)
G Ilya Samsonov (TOR)
D Brandon Scanlin (NYR)
G Jeremy Swayman (BOS)
F Troy Terry (ANA)
F Alexey Toropchenko (STL)
F Gabriel Vilardi (WPG)

This is not the full list of players destined for arbitration hearings – NHL teams have another 24 hours to file for team-elected arbitration with certain players not listed above.

As a reminder, just because a player files for arbitration doesn’t mean they can’t sign a new deal with their team prior to the hearing. If they do reach the hearing stage, however, the arbitrator will provide a contract award within 48 hours.

The length of arbitration awards can only be one or two years, and the party that did not elect for arbitration gets to decide on the duration. If a player is in their final year of restricted free agency, they are entitled to only a one-year term.

If a player elects for arbitration and receives a settlement of one year with a salary exceeding $4.54MM, the team has the option to walk away from the awarded salary, which would make the player an unrestricted free agent. Similarly, if the player elects for a two-year arbitration settlement with a salary exceeding $4.54MM, the team can walk away from the second year of the awarded salary, allowing the player to become a free agent at the end of the first year.

Teams cannot walk away from an award reached via club-elected arbitration.

For teams involved in arbitration cases, a second buyout window becomes available. This window opens three days after the final arbitration case is settled, either through a new contract or an arbitration award. However, this opportunity is limited to players who meet two criteria: they must have a salary cap hit of $4MM or more, and they must have been with the team at last year’s trade deadline.

Per the NHLPA, this year’s slate of arbitration hearings will take place between July 20 and August 4.

Edmonton Oilers Qualify Five Players

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The Edmonton Oilers have decided to negotiate with all five of their pending restricted free agents, issuing qualifying offers to Ryan McLeod, Raphael Lavoie, Noah Philp, Evan Bouchard, and Olivier Rodrigue.

According to CapFriendly’s qualifying offer calculator, that means each received the following:

  • Evan Bouchard: One-way, $874,125
  • Raphael Lavoie: Two-way, $874,125
  • Ryan McLeod: One-way, $837,900
  • Noah Philp: Two-way, $787,500
  • Olivier Rodrigue: Two-way, $787,500

For Bouchard and McLeod, in particular, this comes as no surprise. Each has become an important part of the Oilers’ lineup, giving them the depth needed to advance further in the playoffs.

Bouchard, 23, registered his second straight 40+ point season in 2022-23, effectively making Tyson Barrie redundant enough to trade at the deadline. The 10th overall pick from 2018 has grown into one of the most effective puck-movers in the league and showed off some incredible vision in this year’s postseason, racking up four goals and 17 points in just 12 games.

McLeod, meanwhile, grew into a valuable depth center option this season, scoring 11 goals and 23 points in 57 games. His elite skating ability and tenacity make him a nice fit on a third line, and his offensive number are trending upward. He was held goalless in the playoffs but still contributed five points, playing mostly in a defensive role.

Despite the Oilers’ release indicating otherwise, it is actually McLeod—not Bouchard—that is eligible for arbitration this summer, according to CapFriendly. The young forward is a candidate for a bridge deal, given the tight nature of the Edmonton cap situation.

The other three, Lavoie, Philp, and Rodrigue, have yet to make their NHL debuts are will likely be retained on short-term two-way deals to maintain organizational depth.

Latest On Timo Meier, Mackenzie Blackwood

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The New Jersey Devils got their first key piece of offseason business done yesterday, signing Jesper Bratt to an eight-year, $63MM extension. It’s a team-friendly $7.875MM cap hit (in the short-term, at least), which leaves the team still with upwards of $25MM of space this offseason, per CapFriendly. A good chunk of that will end up going to the team’s other star RFA, Timo Meier, who general manager Tom Fitzgerald said today wants to stay with the Devils long-term. While the Devils did file for team-elected salary arbitration yesterday, it’s a safety net more than anything else – Fitzgerald has requested Meier’s agent to hammer out the framework of a max-term, eight-year extension.

Now with seven NHL seasons and nearly 500 games under his belt, the 26-year-old Swiss winger is coming off a four-year, $6MM average annual value deal signed with the San Jose Sharks in 2019. He’s scored 35 and 40 goals in the last two seasons, and he’ll look to get paid like one of the premier goal-scorers in the league on a long-term deal.

While the Devils would prefer to keep a salary hierarchy among forwards under Jack Hughes’ $8MM cap hit, that’s not likely on a long-term deal with Meier. While he won’t earn the eight figures due to him on a one-year qualifying offer, his cap hit across eight years could creep into the high $8MM range.

Another player the Devils have on their offseason list is netminder Mackenzie Blackwood, on whom Fitzgerald says the team will explore all options. Another restricted free agent, Fitzgerald wasn’t sure the team will opt to qualify him, negotiate a contract lower than his $3.36MM qualifying offer, or cut ties with the 26-year-old altogether and trade him.

After another injury-plagued season which saw him post a .893 save percentage in 22 games, he’s decidedly slipped to third on the team’s goalie depth chart behind Vitek Vanecek and Akira Schmid. A trade seems like the most pragmatic scenario here, likely for a draft pick. The team has a well-stocked prospect pool in the crease with names like Nico Daws and others.

It’s been an unfortunate turn of the tide for Blackwood, who a few seasons ago seemed the organization’s goalie of the future – especially in 2019-20 when he posted a .915 mark in 47 games behind a rather weak squad.

Ottawa Senators Expected To Take Alex DeBrincat To Arbitration

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“He doesn’t want to sign here.”

That’s how blunt Bruce Garrioch of Postmedia was today, when discussing Alex DeBrincat’s future with the Ottawa Senators. Garrioch reports that the Senators have elected to take DeBrincat to arbitration, attempting to get the possible 15% reduction on his $9MM qualifying offer.

That does not mean they will necessarily receive it. As suggested by the name, an arbitrator will decide what DeBrincat’s salary in 2023-24 will be, based on his previous contracts and performance.

It was always a risky play, going after the young forward. Ottawa sent the seventh and 39th overall picks in 2022 (plus a 2024 third-rounder) to the Chicago Blackhawks in exchange for DeBrincat last July, with only one season remaining on his contract. The three-year, $19.2MM deal was heavily back-loaded, forcing any RFA qualifying offer to skyrocket to $9MM.

If DeBrincat doesn’t want to play in Ottawa, he could simply take the one-year arbitration decision and hit unrestricted free agency in 2024 as a 26-year-old with two 41-goal seasons under his belt.

The Senators could get up to 15% off that $9MM, meaning the award could be as low as $7.65MM.

Of course, that doesn’t mean he’ll actually be playing in Ottawa next season. The club is in active trade talks to move the young winger and recoup some of the draft capital they spent last year.

Though he didn’t put up 40 goals, DeBrincat still showed off his scoring touch with the Senators. In 82 games, he lit the lamp 27 times and racked up 66 total points, good enough for fourth on the team behind Tim Stutzle, Brady Tkachuk, and Claude Giroux. In a 450-game NHL career, he now has 187 goals and 373 points.

Latest On Klim Kostin

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The Edmonton Oilers have some interesting moves to make this offseason as they (once again) look to rebuild a roster that wasn’t good enough to get it done in the playoffs. Connor McDavid and Leon Draisaitl have shown they can only carry the group so far in the postseason, meaning the rest need to be more competitive.

One bright spot from this season was the emergence of Klim Kostin, a 2017 first-round pick of the St. Louis Blues who had struggled to make an impact at the NHL level. In Edmonton, he scored 11 goals and 21 points in 57 games, while racking up 157 hits and 66 penalty minutes. That kind of well-rounded depth player is valuable for a club like the Oilers, especially given that he is just 24 years old.

Unfortunately for general manager Ken Holland, Kostin is also eligible for arbitration, a process that could result in a much higher contract than the $750K he played under this year. With every dollar meaning so much to Edmonton, getting to a hearing might not be ideal.

Daniel Nugent-Bowman of The Athletic suggests that a two-year bridge contract with a cap hit no higher than $1.5MM could be an ideal compromise but also throws some chum in the water for frustrated Oilers fans. The scribe writes there “could be some interest in the 24-year-old winger from KHL teams.”

Given that Holland has already confirmed he will qualify Kostin, the Oilers won’t lose his rights either way. But watching him head to Russia after a breakout season (however limited) would be disappointing. Even if he played ten minutes a night, he made an impact for Edmonton—something not many role players have done over the last few years.

New Jersey Devils Begin Jesper Bratt Negotiations

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It’ll be 14 straight for the New Jersey Devils if they can pull off a win tonight, and all things are good in the organization. Jack Hughes and Nico Hischier have blossomed into star centers, Dougie Hamilton is back to being an elite offensive defenseman, and Vitek Vanecek is giving the team a stable presence in net. Above all of those performances, though, might be that of Jesper Bratt.

The 24-year-old sixth-round pick is establishing himself firmly as one of the most dynamic offensive players in the league, with 24 points in his first 19 games. That follows a 73-point campaign that seemed to be overlooked by many, thanks to the overall failures of the team. Bratt leads the Devils in scoring and has set himself up for one heck of a restricted free agent negotiation this summer.

With a $5.45MM qualifying offer, arbitration rights, and potentially back-to-back 70+ point seasons, there’s a lot of leverage in the young Swede’s camp. The Devils, for their part, are clear about their intentions – they want Bratt locked up long-term. Speaking with The Fourth Period, general manager Tom Fitzgerald indicated that talks between the Devils front office and Bratt’s agent have now started and that there has been no change to what they’re looking for.

Discussions conveniently have started. You know, with a hello to his agent, actually it was (Monday) night we sat together just to go through some things and what we’ll get going. I just don’t want this to be a distraction to the player. You know, as we go along, we know how we feel about him. And we want to tie him up long-term. We hope the feeling’s mutual.

Fitzgerald did hold up the Boston Bruins as a template, however, noting how there needs to be “enough money to go around” if you want to build a championship team. The Devils already have long-term commitments with Hughes, Hischier, and Hamilton, but none of them are outrageously priced. The Selke candidate and team captain Hischier has a $7.25MM cap hit through 2026-27, arguably one of the better value deals in the league right now. Hughes is only slightly ahead at $8MM, and Hamilton – despite being an unrestricted free agent when the team signed him – is at $9MM.

The team does have other core pieces like John Marino and Jonas Siegenthaler signed long-term, but Fitzgerald isn’t lying when he says there are plenty of other players that need money too. The Devils only have three regular forwards signed for next season: Hughes, Hischier, and Dawson Mercer, still on his entry-level contract. Bratt, Yegor Sharangovich, Michael McLeod, Jesper Boqvist, Nathan Bastian, and Fabian Zetterlund are all arbitration-eligible restricted free agents, meaning there’s a lot of work to do for Fitzgerald and his staff to keep this group together.

Bratt is the key to all of it at this point, and the one that will likely draw much of the front office focus throughout the year. Whatever amount he comes in at will drastically affect the other negotiations and force the Devils into some tough decisions on pending UFAs like Tomas Tatar, Miles Wood, Erik Haula, Damon Severson, and Ryan Graves – all good players in their own right.

Examining The Buffalo Sabres’ Financial Future

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When Buffalo Sabres general manager Kevyn Adams signed center Tage Thompson to an admittedly massive seven-year contract extension earlier this week, it raised some eyebrows considering the lack of consistency from Thompson in his career. Speaking after the fact a few days ago, Adams told The Buffalo News’ Lance Lysowski that “we’re also being strategic a little bit, to be honest, about the timeline knowing that there’s other guys potentially next summer where we’re going to be in this situation. We want to make sure we’re being strategic on when and how we put these deals together.”

So, given that Adams is envisioning more breakout campaigns from his young stars in 2022-23, how does the Sabres’ financial picture line up with their rise out of their years-long rebuild and the expected salary cap increases?

There are two players next summer who, depending on their campaigns, could demand significant pay raises over their sub-$1MM deals. Both Dylan Cozens and Rasmus Asplund are restricted free agents in 2023, although Cozens does not have arbitration rights.

Cozens is projected to slot right behind Thompson on the team’s depth chart, battling with Casey Mittelstadt for a spot centering their second line. If he wins that battle and sees increased playing time, Cozens’ offensive production is bound to take a step forward from his 38 points last season.

In any event, Cozens’ ceiling likely isn’t the 35+ goal season Thompson is coming off of, either. His development has been more linear, something that tracks well for the Sabres, at least in terms of certainty in contract negotiations. The team still currently has nearly $40MM in cap space to play with next offseason with the projected salary cap increase to $83.5MM, so any major contract the Sabres hand out now really doesn’t force their hand in the slightest.

It’s later on when things would get tricky, when the team is contending and their breakout stars want to capitalize on what should be a rapidly increasing salary cap at that point. From that point of view, betting on their players is a smart move from Adams at the moment. With the team still so far away from the salary cap, it can’t hurt to take a risk on what could be a team-friendly deal in five seasons. Even if the players don’t quite pan out as projected, those are deals that won’t be taking up nearly as much of their salary cap as they are now when they do become an issue.

Though Adams should be careful not to play with too much fire. Recent reports suggest that the first large salary cap jump could come in the 2024 offseason instead of 2025. That would be a boon to the Sabres, who have four major expiring contracts that offseason: Mittelstadt, Peyton Krebs, Rasmus Dahlin, and Owen Power. If everything goes as expected in terms of their development, that could very well be upwards of $30MM handed out just between those four players. If the Sabres put themselves in a position to give those contracts and still have some breathing room, they could finally construct a roster with the required depth to remain at the top of the Eastern Conference.

Latest On Timo Meier

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There are few players as important to the San Jose Sharks as Timo Meier. The Swiss forward led the Sharks in scoring last year, setting career highs in goals (35), assists (41), and points (76). He’s a spectacular scoring winger without many weak spots in his game, and he would be expected to lead the Sharks into their next period of contention alongside Tomas Hertl.

But speaking today at the NHL’s European Player Media Tour, Meier said he’s had no discussions yet on a contract extension with the Sharks, aside from an introductory phone call with new general manager Mike Grier on July 5. Meier is entering the final season of a four-year, $24MM contract signed in 2019.

He will again be a restricted free agent with arbitration rights next summer, meaning he’s due a qualifying offer. Meier’s actual salary in 2022-23 is $10MM, which should raise some eyebrows about the value of that qualifying offer, and rightfully so. But a change to the qualifying offer rules in the 2020 Collective Bargaining Agreement extension means that Meier can’t receive a qualifying offer greater than 120% of his previous deal’s cap hit, meaning he’s only owned a one-year, $7.2MM deal as compared to a one-year, $10MM deal from the Sharks.

Financially, for Meier, this is the most important season of his NHL career. At 26 years old next summer, he’ll undoubtedly sign a long-term deal that should take him well into his 30s, whether it’s with the Sharks or someone else. If his production takes a step back next season, though, the Sharks may very well want to settle for a one-year contract awarded through arbitration.

The Sharks, in any event, will likely need to make a cap-clearing move next summer as they turn the corner back toward competitiveness. The anchor contracts of Logan Couture ($8MM), Erik Karlsson ($11.5MM), and Marc-Edouard Vlasic ($7MM) don’t expire until 2026 and 2027, so relief from those deals won’t come for quite a while.

Detroit Red Wings Sign Jake Walman

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Aug 11: The Red Wings have officially announced the contract, confirming the term and salary.

Aug 10: The arbitration period is over for the 2022 offseason. Jake Walman, who was the final hearing scheduled, has settled his case with the Detroit Red Wings after exchanging figures yesterday. The two sides have agreed to a one-year, one-way, $1.05MM contract according to Elliotte Friedman of Sportsnet. Walman had filed for $1.75MM, while the Red Wings had filed for a two-way, $775K contract.

It’s now prove-it time for Walman, who was part of the return for Nick Leddy at the trade deadline and has just 76 games under his belt at the NHL level. The 26-year-old suited up 19 times for the Red Wings down the stretch and recorded four points, seeing more ice time than he had ever received in St. Louis.

Whether that opportunity continues remains to be seen, after the Red Wings added several defensemen this offseason, including Ben Chiarot, Olli Maatta, Mark Pysyk, and Steven Kampfer. That’s not even mentioning the young prospects who will soon be pushing for playing time, meaning Walman will have to deliver if he wants to stay in the lineup.

A third-round pick of the Blues in 2014, he notably received time on both the powerplay and penalty kill after arriving in Detroit. As that kind of do-it-all depth option, he could find a nice home on the Red Wings moving forward. This deal will take him right to unrestricted free agency next summer though, meaning he’s playing for his future from the moment training camp starts.

After resolving their arbitration case, the Red Wings will receive a short buyout window later this week.

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