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Sunday Snapshots: KHL, Corrado, Schenn

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The KHL’s Chinese expansion team, Kunlun Red Star, has signed three former NHLers prior to their first exhibition game, according to KHL insider Aivis Kalnins.

Sean Collins, a 27-year-old center from Saskatoon, Saskatchewan, spent last season with the Washington Capitals’ AHL affiliate in Hershey and appeared in two NHL games with the Capitals; winger Alexandre Picard, a former 8th overall pick by Columbus in 2004, played 67 games with the Blue Jackets over parts of five seasons before spending the last four seasons in Switzerland; former Hurricanes defenseman Brett Bellemore also signed with Red Star after spending last season with Providence of the AHL.

Kunlun played its first exhibition game on Sunday morning versus Traktor Chelyabinsk in Finland.

More snapshots from around the hockey world:

  • The Maple Leafs and their RFA defenseman Frankie Corrado have filed briefs ahead of their upcoming arbitration case. Sportsnet’s Elliotte Friedman reports the team’s offers are worth $625K/ $125K on a two-way contract or $575K for a one-way contract. Corrado’s asking price is $900K.
  • Newly-signed Coyotes defenseman Luke Schenn told the team’s website that he’s looking forward to being able to grow as a player in a market without as much added pressure as he’s previously experienced. Schenn has played most of his career in major hockey markets Toronto, Philadelphia, and Los Angeles.

Arbitration Tracker

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Ten days ago, the NHLPA released the schedule for player and team-elected arbitration hearings. Since then, four hearing dates have come and gone with no hearings, with eight players agreeing to contracts to avoid the unpleasant process.

Here’s an updated list of all 24 players who were scheduled for an arbitration hearing:

Player Elected Filings:

Arizona Coyotes
Michael Stone – Stone and the tough-negotiating Coyotes have a hearing set for August 4.

Colorado Avalanche
Tyson Barrie – Hearing set for July 29. Barrie has been the subject of near-constant trade rumors this summer.
Mikhail Grigorenko – Agreed to a one-year, $1.3MM contract on July 20, just two days before the scheduled hearing.

Detroit Red Wings
Jared Coreau – Agreed to a two-year, $1.25MM contract on July 6, well before any hearings were scheduled.
Danny DeKeyser – Signed a six-year deal on July 26th, locking him up long-term for the Red Wings.

Minnesota Wild
Jordan Schroeder – The Wild signed Schroeder to a one-year, two-way deal on July 23rd worth $675K in the NHL and $275K in the AHL.

Nashville Predators
Petter Granberg – Signed a two-year, two-way deal worth $575K / $175K (300K guaranteed) in the first year, and $650K / $175K in the second.
Calle Jarnkrok – Signed a six-year, $12MM deal July 27th.

New York Rangers
Kevin Hayes – Signed a two-year, $5.2MM deal Friday afternoon, hours after Kreider.
Chris Kreider – The Rangers and Kreider agreed to a four-year, $18.5MM contract Friday morning, beating the scheduled 9am arbitration meeting.
Dylan McIlrath – The massive defender signed a one-year, $800k contract last week, beating his hearing by a week.
J.T. Miller – World Cup-bound Miller and the Rangers settled on a two-year, $2.75MM contract on July 13.

Ottawa Senators
Mike Hoffman – After a long negotiation, the Senators and Hoffman agreed to a four-year, $20.75MM deal on July 27th.

Philadelphia Flyers
Brandon Manning – Manning got an unexpected second year in his two-year, $1.95MM deal he signed on July 26th.
Brayden Schenn – Schenn and the Flyers agreed to a four-year deal worth $5.125MM AAV.
Jordan Weal – Acquired by the Flyers in the Vincent Lecavalier trade, Weal signed a one-year, two-way, $650K contract the day the arbitration schedule was released.

St. Louis Blues
Jaden Schwartz – The Blues signed their young star to a five-year, $5.5MM contract last week.

Tampa Bay Lightning
Alex Killorn – The clutch playoff performer signed a long-term extension over the weekend, agreeing to $4.45MM per year for seven seasons.
Vladislav Namestnikov – World Cup-bound forward signed a two-year deal worth $1.9375MM on July 26th, three days before arbitration hearing.

Toronto Maple Leafs
Frank Corrado – Toronto signed Corrado to a one-year, one-way deal worth $600K on July 25.
Peter Holland – Holland signed a one-year deal worth $1.3MM on July 25.
Martin Marincin – The promising young shut-down defenseman is scheduled for arbitration on August 2.

Washington Capitals
Marcus Johansson – Johansson agreed to a three-year, $4.58MM contract just minutes before his hearing was set to begin.

CLUB ELECTED FILINGS:

Detroit Red Wings
Petr Mrazek – Just before his hearing on July 27th, Mrazek and the Red Wings inked a two-year, $8MM deal. With Jimmy Howard still earning $5.3MM for next season, the duo is one of the more expensive in the league.

We’ve previously explained the arbitration process as part of our Capology 101 series. Check out our Mike Furlano’s articles on eligibility and the arbitration process.

Calgary Notes: Monahan And Gaudreau

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Restricted free agent (RFA) center Sean Monahan says contract talks with Calgary are “getting there”.

Monahan told TSN’s Gino Reda “I definitely want to be there for a long time”, adding he wants to play in Calgary for the rest of his career. He said his preference is a long-term deal, but noted that’s not up to him. The Flames are currently in negotiations with both Monahan and fellow RFA (and leading scorer) Johnny Gaudreau, but will need to be careful with regards to the salary cap.

Currently, the Flames have over $14MM in cap space before signing Gaudreau and Monahan. They should get some relief next summer, with pending UFAs Dennis Wideman, Ladislav Smid, and Deryk Engelland freeing up $11.66MM. However, newly-acquired starting goalie Brian Elliott and young forward Sam Bennett will need new contracts. The Flames also need to improve their team, following their fifth place finish in the Pacific Division.

When asked about the possibility of taking a hometown discount to help build a contender, Monahan agreed that it was part of his thought process, saying “if you’re a high-end player and you’re playing somewhere at a young age, that’s where your heart is and where you want to win.”

Monahan says he’s been in contact with Gaudreau and was scheduled to meet with him Monday night to “have a little chat”. The two are good friends and not battling about salary negotiations, according to Monahan.

“Our goal is to bring the Stanley Cup to Calgary… if we can bring other players in and have a little extra money… to help us be a better team, that’s the idea.

Monahan is coming off back to back 60-plus point seasons, while Gaudreau has scored 64 and 78 points in his first two NHL seasons.

Subban “Head-Over-Heels Excited” To Play In Nashville

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The Nashville Predators unveiled newly-acquired superstar defenseman P.K. Subban to their fans and local media on Monday. According to the Canadian Press, Subban had lunch with new teammates Mike Fisher and Ryan Ellis as part of his tour of the city prior to the press conference, where he sang Johnny Cash’s “Folsom Prison Blues”.

Subban told reporters he will always have fond memories of and connections to Montreal, but that he’s ready to move on, saying “coming here [Nashville] is not a popularity contest. Coming here is about helping this team to win and win a championship”.

Predators General Manager David Poile called his new acquisition a “superstar, game-changing defenseman and one of the most electrifying players in the game”. Poile was hopeful that the trade would help his team score more goals and spend less time in the defensive zone.

The Predators paid a big price to acquire the former Norris trophy winner, trading their captain Shea Weber to Montreal in a rare one-for-one trade. The June 29 trade is still a highly controversial topic; the Canadiens recently let go analytics consultant Matt Pfeffer after he submitted a “passionate” report in defence of Subban prior to the trade, in which he reportedly called Weber an “average player”. Earlier this afternoon, Pfeffer tweeted some context to the “average” remark, saying it was specifically with regards to one advanced stat category.

Subban and Weber each put up 51 points last season, however Weber scored more goals (20-6) in 10 more games (78-68). However, Subban has outscored Weber by 22 points (202-180) since 2012-13. Subban drives the play more than Weber, who is a more steady defensive defenseman. According to an analysis by Jonathan Willis, Weber relied on partner Roman Josi to make outlet passes, something that Subban excels at. Subban is also four year younger than Weber and just reaching the prime of his career.

Contract-wise, Subban is the highest-paid defenseman in the NHL. He earns an average of $9MM per year until 2022, while Weber’s cap hit is slightly lower at $7.86MM but doesn’t expire until 2026. Subban will be just 32 when his deal is up, only two years older than Weber is today. Weber will be 41 when his contract expires, which could lead to some nasty cap-recapture penalties for Nashville if he retires before then. Poile obviously feels the risk is worth it to acquire Subban, giving them possibly the best top four defense in the league with Subban, Josi, Ellis, and Mattias Ekholm.

NHL Notes: RFA Defensemen

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As we mentioned earlier this week, there are several very talented Restricted Free Agents (RFAs) who have yet to sign contracts for next season. Of the 24 RFA defensemen who played in the NHL last season, 15 of them averaged more than 15 minutes per game (minimum 25 GP). Despite the high value of young capable defensemen (see Larsson, Adam), it is the their teams who appear to have the upper hand in negotiations.

Let’s take a look at the top five unsigned defensemen:

1. Hampus Lindholm – Anaheim Ducks – The Ducks number one defenseman, Lindholm averaged 22:00 minutes per night last season with superior possession numbers. His 28 points were 54th among defensemen, but Lindholm is still a bona fide top-pairing option. Lindholm is likely looking for a long-term contract in the $5-6MM range, similar to the Morgan Rielly ($5MM, Seth Jones ($5.4MM), and Nick Leddy ($5.5MM). The Ducks would probably prefer something lower, in the Travis Hamonic ($3.86MM), Oscar Klefbom ($4.17MM), and Justin Faulk ($4.83MM) range. Anaheim is a budget team, and is already only $8.4MM away from the cap ceiling with Lindholm and Rickard Rakell still to sign. Lindholm is not eligible for arbitration, and an offer sheet seems unlikely given the current NHL climate.

2. Tyson Barrie – Colorado Avalanche – Barrie seems to be constantly featured in trade rumors, mainly due to his high-end offensive ability (49 points last season) and coach Patrick Roy’s apparent lack of confidence in him. It doesn’t help that the Avalanche have just $8.3MM in cap space before Barrie and Mikhail Grigorenko’s arbitration hearings in late July. Barrie and his agent don’t need to look any further than teammate Eric Johnson’s $6MM salary for a starting point; Barrie outscored Johnson by 22 points in similar time-on-ice.

3. Rasmus Ristolainen – Buffalo Sabres – Ristolainen lead the Sabres in ice-time by just under 500 minutes. He was also fourth in team scoring with 41 points. He’s also extremely big at 6’4, 207 lbs and mobile. Ristolainen is already the Sabres best defenseman, and he’ll only be 22 in October. The Sabres will look to sign him long-term somewhere in the Faulk to Rielly range. The Sabres have approximately $11MM in cap space and still need to lock up Marcus Foligno and Zemgus Girgensons.

4. Jacob Trouba – Winnipeg Jets – Trouba is in an interesting situation in Winnipeg: he’s considered a future top-pairing player, and is big, mobile, and right-handed. However, he’s blocked from playing top-four minutes by fellow right-handers Dustin Byfulgien and Tyler Myers. Trouba has played the left side before, but like most players performs better on his natural side. There seems to be two options for Trouba; he can sign a bridge-deal and earn a big payday in two seasons when Mark Stuart and Toby Enstrom are free agents, or he can holdout for the big payday now. There was some talk last month about the Bruins looking at Trouba as an offer sheet candidate, but that seems to have passed. He’s not eligible for arbitration, so the ball is in Winnipeg’s court.

5. Danny DeKeyser – Detroit Red Wings – With Niklas Kronwall turning 35 last season, DeKeyser appears poised to be the next big man on the Red Wings blueline. The two defensemen lead the team in ice time, and DeKeyser will likely pass Krowall in that regard next season. The 25-year-old DeKeyser put up just 20 points last season, however Mike Green was the only defenseman who scored more. DeKeyser is scheduled for arbitration on July 28, but could very likely come to a longer agreement with the Red Wings before then.

Coyotes, Rieder Far Apart In Contract Talks

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The Arizona Coyotes and Restricted Free Agent (RFA) winger Tobias Rieder are “not close” in contract talks according to Rieder’s agent, Darren Ferris, in a conversation with Arizona Sports columnist Craig Morgan.

Rieder completed his entry-level contract with career highs across the board, scoring 14 goals and 37 points in 82 games. Ferris told Morgan their camp feels Maple Leafs center Nazem Kadri and new Coyotes winger Jamie McGinn are fair comparisons for Rieder; while both scored more points than Rieder last season, Rieder has superior possession stats. Kadri and McGinn have both signed new contracts this summer, worth $4.5MM and $3.33MM respectively.

Coyotes rookie GM John Chayka says talks have not progressed in “a while”, and that the team has made what they think is a fair offer. Rieder is not eligible for arbitration, something Chayka says the team isn’t trying to take advantage of. The contract impasse has lead Ferris to explore European and KHL options, but he says Rieder’s first choice is stay in the NHL.

The Coyotes’ qualifying offer, tendered in late June, expires on July 15. The two sides have until December 1 to negotiate a new contract, at which point Rieder is ineligible to play in the coming season.

Arizona has three other key free agents left to sign, captain Shane Doan is a UFA and defensemen Michael Stone and Connor Murphy are RFAs. The Coyotes have $18.68MM in cap space, according to CapFriendly.

Canadiens Owner Confident Subban Trade Is Good For Team

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The Montreal Canadiens will be better off for trading P.K. Subban, according to the team’s owner and president Geoff Molson. Molson spoke about the controversial trade at Monday’s press conference announcing the relocation of the Canadiens’ AHL affiliate from St. John’s to Laval.

The Canadian Press quoted Molson as saying he supports GM Marc Bergevin “100 per cent”, however he’s “not surprised how the fans reacted” because they “love him and still will love him”.

Subban has been a larger-than-life superstar for the Canadiens since his debut in 2009-10, amassing 63 goals and 278 points 434 regular season games. He’s added 38 points in 55 post-season games. The Toronto-native also donated $10MM to the Montreal Children’s Hospital last year, where he spends time visiting with patients.

Bergevin has been busy this summer, trading Subban, Lars Eller, and a pair of 2nd round picks picks for Shea Weber, Andrew Shaw, and two different 2nd round picks. He’s also signed highly-skilled, controversial-in-his-own-right Russian winger Alex Radulov to boost the offence, depth defenceman Zach Redmond, and Al Montoya to create competition in goal.

The Canadiens finished missed the playoffs last year, due in large part to Carey Price’s injury which limited him to just 12 games. Price is healthy and is expected start for Canada at the World Cup this September.

Molson said he and Subban have spoken since the trade, and Subban will continue his work with the Montreal Children’s Hospital. The Predators’ only visit to Montreal next season is March 2, a date Molson said he’s looking forward to.

 

Are Offer Sheets A Thing Of The Past?

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This summer’s restricted free agent (RFA) list is quite impressive, with nine 20-goal scorers and 13 players who scored more than 40 points last season. Forwards Sean Monahan, Johnny Gaudreau, Nikita Kucherov, Marcus Johansson, and Mike Hoffman headline the forwards; while Hampus Lindholm, Tyson Barrie, Rasmus Ristolainen, Danny DeKeyser, and Jacob Trouba are the top defensemen. Detroit’s Petr Mrazek is the only big-name RFA goalie remaining.  Most of the above players are eligible for offer sheets.

According to Elliotte Friedman, compensation for offer sheets is as follows:

  • Less than $1.239MM (average annual value of contract) – Nothing;
  • $1.239-$1.878MM – Third-round pick;
  • $1.878-$3.755MM – Second-round pick;
  • $3.755-$5.633MM – First and third-round picks;
  • $5.633-$7.510MM – First, second and third-round picks;
  • $7.510-$9.388MM – Two first, a second and third-round picks;
  • Over $9.388MM – Four first-round picks.

With this in mind, teams could target rival teams top young players, with both outcomes having their benefits to the aggressive team: either they acquire a good young player for only picks, or they mess up a rival’s salary cap by inflating the player’s salary.

The threat of an offer sheet was evident last summer, with the Blackhawks trading Brandon Saad to the Blue Jackets and the Bruins trading Dougie Hamilton to the Flames. Both players were pending RFAs and in line for a big raise before being shipped out to prevent their teams from being subjected to an offer sheet. However, this summer has been the complete opposite, with teams taking their time to sign the above-mentioned stars, apparently not overly worried about offer sheets.

Why could that be?

The last time an NHL team successfully acquired a player via an offer sheet was in 2007. Then-Oilers-GM Kevin Lowe signed Anaheim Ducks LW Dustin Penner to a 4-year, $21.5MM contract. The Ducks did not match, and the Oilers forked over their first three rounds of draft picks in 2008. Penner enjoyed varying degrees of success in three-and-a-half seasons in Edmonton before being traded to Los Angeles where he won a Stanley Cup. The Penner offer sheet is most fondly remembered by then-Ducks-GM Brian Burke and Lowe’s escalating war of words which nearly lead to a fist-fight in a rented barn in Lake Placid. Commissioner Gary Bettman was forced to have a conference call with the two GMs to get them to stop.

It’s perhaps this sort of reaction that prevents GMs from making offer sheets. Earlier this summer, ESPN and TSN reporter Pierre LeBrun quoted an unnamed GM as threatening opposing GMs with an offer sheet per year for the next ten years as retribution for a potential offer sheet. There appears to be an unspoken agreement between GMs to leave RFAs alone. There hasn’t been an offer sheet tendered since 2013 when Colorado matched Calgary’s contract with Ryan O’Reilly, saving the Flames from an embarrassing and costly mistake.

So despite several fan bases calling for offer sheets, it seems unlikely that any players will be switching sweaters this summer because of one.

Snapshots: Stamkos And Subban

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The Steven Stamkos bidding war was ended very quickly by the player re-signing with the Tampa Bay Lightning. Stamkos was pitched by just three teams (Montreal, Buffalo, Toronto) before ending the process. That may be because of the Maple Leafs’ pitch, according to Steve Simmons of the Toronto Sun.

While teams bringing in big names to woo players isn’t uncommon (Oilers legends Paul Coffey and Wayne Gretzky were famously involved in the Oilers acquiring Justin Schultz), the Maple Leafs may have gone overboard. Back in June, Simmons reported team president Brendan Shanahan, GM Lou Lamoriello, Toronto mayor John Tory, and Canadian Tire CEO Michael B. Medine all met with Stamkos to sell the Maple Leafs, Toronto, and potential endorsement opportunities. Simmons reported Sunday that after the meeting, Stamkos told his agent that he didn’t want any more meetings and he wanted to speak with Lightning GM Steve Yzerman. He was officially re-signed two days after his meeting in Toronto.

Other notes from around the league:

  • It was reported shortly after the P.K. Subban/ Shea Weber trade on June 29 that Nashville Predators would not honor Subban’s no-trade clause (NTC). Vice Sports columnist Sean McIndoe explored the bizarre rule that allowed the Predators to nix the clause one day before it was supposed to come into effect. Essentially, the CBA rules state that those clauses are binding to the acquiring team, unless the clause hasn’t come into effect yet. An NTC is often a hard-fought-for part of a contract, with players sometimes taking concessions on salary or term in order to get it. However, its doubtful that Subban made any concessions to get one, considering he will make $9MM per year until 2022. And while its also unlikely that the Predators will trade their new superstar, Subban would have no say if they decided to move him out before the end of his contract. Our Mike Furlano has previously explained no-trade and no-move clauses in more depth.
  • Canadiens GM Marc Bergevin told NHL.com that he has stayed away from reading media reports about the Subban trade, saying fans and media are guessing at what goes on behind the scenes. The Canadiens GM says he wants to “unplug” after a tough season. Bergevin also spoke about comparisons between the Patrick Roy trade and the Subban one, saying Roy won “two Stanley Cups … I’ve always believed that winning a Stanley Cup changes everything”.

Free Agent Frenzy: Day 3 Activity

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Day three of free agency was much quieter than the fireworks we saw on July 1.

Free Agent Signings:

RD Matt Tennyson (CAR) – One year, $675K (link)
RW Adam Cracknell (DAL) – One year, $600K (link)
LW Taylor Beck (EDM) – One year, undisclosed (link)
LW Mike Liambas (NSH) – One year, $575K (link)

Entry-Level Contracts:

RW Patrik Laine (WIN) – Three years, $10.725MM (link)

Extensions:

RW Reilly Smith (FLA) – Five years, $25MM (link)

With 34 of the 50 Top UFAs already signed, the rest of the summer should consist mostly of RFA contracts and trades. We’ll be right here to keep you updated throughout.  Make sure to check out Roster Resource for the project depth charts of your favorite team, and bookmark PHR for easy visits!

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