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Canucks Sign Elias Pettersson To Eight-Year Extension

March 2, 2024 at 9:03 am CDT | by Brian La Rose 4 Comments

There was a recent push on extension talks between the Canucks and center Elias Pettersson and it appears that push helped get a deal over the finish line.  The team announced that they’ve inked Pettersson to an eight-year contract extension.

GM Patrik Allvin released the following statement on the signing:

This is a very important signing for the Vancouver Canucks. Elias is one of the top players in the National Hockey League and is a key member of our leadership group. We know his best days are ahead of him and with his high end skill and desire to be the best, we look forward to seeing Elias succeed and grow. This signing is another example of our ownerships’ unwavering commitment to do what ever it takes to help us be a successful organization.

Financial terms of the contract were not disclosed by the team but Daily Faceoff’s Frank Seravalli reports (Twitter link) that the deal is worth $92.8MM in total for an AAV of $11.6MM.  Chris Johnston of TSN and The Athletic adds (Twitter link) that $47MM of the payout is in the form of signing bonuses while the contract carries a full no-move clause once he’s eligible for the 2025-26 season.  CapFriendly has the full breakdown which is as follows:

2024-25: $2.5MM salary, $12MM signing bonus
2025-26: $4.5MM salary, $10MM signing bonus
2026-27: $11.0MM salary
2027-28: $9.45MM salary, $5MM signing bonus
2028-29: $7.25MM salary, $5MM signing bonus
2029-30: $3.7MM salary, $5MM signing bonus
2030-31: $3.7MM salary, $5MM signing bonus
2031-32: $3.7MM salary, $5MM signing bonus

Vancouver drafted the 25-year-old in the first round (fifth overall) back in 2017 and since then, he has gone from being a key core piece to a legitimate franchise player.  Pettersson won the Calder Trophy in his rookie campaign in 2018-19 where he had 66 points and followed that up with 66 more the following season.  However, an injury-riddled 2020-21 season ultimately resulted in the two sides settling on a three-year bridge deal, one that was set to expire this summer where he would have been a restricted free agent with salary arbitration eligibility and a year away from unrestricted free agency.

Pettersson made a big jump on the offensive side of things last season, setting new career highs across the board with 39 goals and 63 assists, finishing tenth in NHL scoring.  That fuelled speculation that the two sides would work out a long-term agreement last summer and put any speculation to rest.  However, Pettersson and his camp had repeatedly indicated that his preference was to wait until the offseason before making a determination on his next contract.

This season, Pettersson’s per-game averages are down just slightly as he’s on pace for 38 goals and 61 assists, numbers that are still upper-tier league-wide while he is an all-situations player.  That had only helped spur on speculation about his willingness to sign long-term with the Canucks since he was still wanting to wait until the offseason to put pen to paper on his next contract.  That speculation got to the point where Vancouver and Carolina reportedly entered into serious discussions about a potential trade before both Vancouver and Pettersson took a step back and opted to take a real run at hammering out a new deal, talks which clearly proved fruitful.

The contract is by far the richest in franchise history, an outcome that shouldn’t come as much surprise considering Pettersson’s recent performance and the high demand for top-end centers.  The deal will make him the fifth-highest-paid player AAV-wise in the NHL next season behind only Auston Matthews, Nathan MacKinnon, Connor McDavid, and Artemi Panarin.

Vancouver now has a little over $60MM in spending on the books for next season per CapFriendly to just a dozen players with Filip Hronek headlining their crop of restricted free agents.  Of note, only two full-time regular defensemen are under contract for 2024-25 so Allvin will need to allocate a lot of their remaining money to filling out the back end.  Meanwhile, Pettersson is now one of just three Canucks under contract past the 2026-27 campaign, joining center J.T. Miller and blueliner Quinn Hughes.

Photo courtesy of USA Today Sports Images.

Newsstand| Transactions| Vancouver Canucks Elias Pettersson

4 comments

Senators Recall Max Guenette And Leevi Merilainen

March 2, 2024 at 8:56 am CDT | by Brian La Rose Leave a Comment

The Senators have made a pair of roster moves in advance of their game tonight against Philadelphia, announcing (Twitter link) that they’ve recalled defenseman Max Guenette and goaltender Leevi Merilainen from AHL Belleville.

Guenette’s recall is a bit of a surprise since the Sens had all six of their defensemen get through last night’s game without an issue so it appears Guenette is up for injury insurance purposes with Travis Hamonic listed as out week-to-week.  The 22-year-old has made one appearance in Ottawa this season and has spent most of the season in Belleville where he has 29 points in 48 games.

As for Merilainen, it also might seem a bit surprising that a second goalie was recalled.  Joonas Korpisalo was a late scratch on Friday due to illness, resulting in the Sens not dressing a backup goalie until Mads Sogaard arrived.  But with Anton Forsberg being banged up last night and not traveling with the team, another netminder was needed.  Merilainen has split the season between two minor leagues, putting up a .904 SV% in 16 AHL games and a .926 mark in 13 ECHL appearances.

With the two promotions, Ottawa’s roster is now at the maximum of 23 players.  Meanwhile, cap space isn’t an issue for them in the short term following Friday’s placement of Josh Norris on LTIR so they can afford to carry a full-sized roster, a luxury they haven’t had for most of the season.

AHL| Ottawa Senators| Transactions Leevi Merilainen| Max Guenette

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Penguins Receiving Strong Interest In Reilly Smith

March 1, 2024 at 9:00 pm CDT | by Brian La Rose 16 Comments

At the trade deadline, the focus is often on the rental market.  Contending teams are looking for that final piece but want a short-term acquisition as they can’t afford to keep the player beyond the current season.  However, some non-rentals also attract some interest at this time of year.  It appears one of them is in Pittsburgh as Daily Faceoff’s Frank Seravalli reports that the Penguins are receiving a lot of calls on winger Reilly Smith, even more than Jake Guentzel, one of the top rentals potentially available between now and March 8th.

The 32-year-old was acquired by Pittsburgh last summer in a move that basically amounted to a salary cap dump from Vegas with Smith, an important part of their Stanley Cup run, yielding just a third-round pick in return.  For a player who reached the 50-point mark in four of his six seasons with the Golden Knights, the return was on the light side but in a flat-cap environment, several teams had to make tough decisions like that.

While Penguins GM Kyle Dubas was hoping that Smith would be a key two-way contributor, that hasn’t exactly been the case.  Instead, his offensive numbers are down as he has just 10 goals and 15 assists in 51 games so far, not a great return on a $5MM price tag.  He’s still averaging over 16 minutes a night, however, and is seeing some action on the penalty kill.  In terms of a player profile, Smith is the type of player a lot of teams can use.

Fitting that contract onto the books is difficult enough for this season with half the league currently using LTIR to stay salary cap-compliant.  The fact that Smith has another year left on his deal after this one adds to the allure but also adds to the complications of making such a deal work.

Seravalli suggests that Smith could be a candidate for salary retention to help open up his market.  Pittsburgh has two of their three slots left while the one they’ve used (Jeff Petry) is on the books through next season.  If Dubas isn’t concerned about using a second slot through 2024-25, paying down Smith’s contract to just a $2.5MM AAV would certainly bolster his market and should allow them to get a considerably better return than what they gave up to get him.  While it’s not the direction they were hoping for, it looks like Smith could help yield a quality piece for a potential rebuild or retool this offseason.

Pittsburgh Penguins Jake Guentzel| Reilly Smith

16 comments

West Notes: Markstrom, Oilers, Zuccarello, McCarron

March 1, 2024 at 8:31 pm CDT | by Brian La Rose 3 Comments

Flames goaltender Jacob Markstrom is no stranger to the rumor mill having been prominently featured in trade speculation in recent weeks.  Evidently, he’s not particularly thrilled about that happening.  Speaking with reporters including Sportsnet’s Eric Francis, the veteran suggested that he isn’t happy with how things have gone on that front:

“Everyone in here I really respect everything that’s been going on, and not going on, and how everyone in this room has handled everything. I think it’s been really good. And then the whole situation and everything, am I happy about that? No, I’m not. I think it could have been handled a lot different from up top.”

With Calgary already having moved Elias Lindholm, Chris Tanev, and Nikita Zadorov and the belief that Noah Hanifin will soon follow, many have wondered if Markstrom could follow suit, especially with several teams looking for help between the pipes.  But the Flames remain in a battle for a playoff spot with the 34-year-old being a big reason for that so it’s far from a guarantee that they’ll want to move him even if a team comes to the table.  However, how things have played out publicly when it comes to the trade speculation certainly appears to be a sore spot for Markstrom.

Elsewhere around the NHL:

  • Many eyes are on the Oilers as they look to augment their roster before the March 8th trade deadline. In an interview with Sportsnet’s Mark Spector, GM Ken Holland indicated that there are “lots of irons in the fire” as it pertains to trade discussions.  Holland typically makes a move or two each deadline and while cap space is limited for Edmonton, it wouldn’t be surprising for that to continue this season.  The Oilers have already made one move in recent weeks with the signing of Corey Perry who has five points in 13 games since joining them back in January.
  • The Department of Player Safety announced that they’ve fined Wild winger Mats Zuccarello and Predators winger Michael McCarron $2K each for unsportsmanlike conduct during the second period of Thursday’s game. Both players received minor penalties on the play.  The money from the fines goes to the Players’ Emergency Assistance Fund.

Calgary Flames| Edmonton Oilers| Ken Holland| Minnesota Wild| Nashville Predators Jacob Markstrom| Mats Zuccarello| Michael McCarron

3 comments

Trade Deadline Primer: Tampa Bay Lightning

March 1, 2024 at 7:29 pm CDT | by Brian La Rose Leave a Comment

The calendar has now flipped to March which means the trade deadline is now just days away. Where does each team stand, and what moves should they be looking to make? We continue our look around the league with the Tampa Bay Lightning.

For the past several years, the Lightning have been legitimate Stanley Cup contenders but all teams eventually reach the point where they can no longer get to that level.  With Tampa Bay currently holding down the final Wild Card spot in the East, that point may very well have arrived.  However, don’t expect that to dissuade GM Julien BriseBois as he’ll almost certainly be looking to add to his roster in the coming days.

Record

32-24-6, 5th in the Atlantic

Deadline Status

Buyer

Deadline Cap Space

$7.383MM of LTIR space on deadline day, 1/3 retention slots used, 45/50 contracts used, per CapFriendly.

Upcoming Draft Picks

2024: TB 3rd, TB 5th, TB 6th, CHI 7th, MIN 7th, TB 7th
2025: TB 2nd, TB 3rd, TB 4th, TB 5th, TB 6th, TB 7th

Tampa Bay previously traded their 2024 and 2025 first-round picks in the Brandon Hagel and Tanner Jeannot trades respectively.  Both of those selections are top-ten protected.

Trade Chips

The Lightning aren’t in a spot where they can realistically move away any of their core players from their roster so instead, their non-draft-pick chips are going to come from their prospect pool.  More specifically, players that might be on the cusp of an NHL opportunity might be their best options to deal from.

Up front, Waltteri Merela comes to mind as someone who fits that profile.  He was up with the Lightning for a good chunk of time at the start of the season – getting into 19 games – but eventually was sent to the minors where he has fared relatively well since then with 20 points in 34 games.  Signed last spring after some strong years in Finland, the 25-year-old fits as a potential low-cost player who could hold his own on the fourth line for a couple of years.  A restricted free agent this summer, Merela should land somewhere close to the league minimum with a one-way offer.  This type of profile isn’t the most exciting for trade purposes but teams may value that over one of their later-round selections.

Defensively, Emil Martinsen Lilleberg is in a similar situation.  He has played 21 games with the Lightning this season after signing with them in the spring, days after Arizona opted not to sign the 23-year-old.  Martinsen Lilleberg has played a sheltered role thus far but has put up positive possession numbers while logging a little under 16 minutes a night.  He has another year left on his entry-level deal and would likely be viewed as near NHL-ready depth, something sellers are often interested in.  Maxwell Crozier is in his first professional campaign and has suited up 11 times with the Lightning.  He’s also 23 and has another year left on his deal and falls into a similar category as Martinsen Lilleberg.

Their best trade chip, if they’re willing to move him, might be goaltender Hugo Alnefelt.  The 22-year-old has shown steady improvement in his first three years in North America and as things stand, he profiles as the eventual partner for Andrei Vasilevskiy who is signed through the 2027-28 season and likely isn’t going anywhere anytime soon.  Accordingly, the smarter play might be to move Alnefelt and with the year he’s having with AHL Syracuse (2.31 GAA, .910 SV% in 22 games), his value should be up.  If a selling team has a near-term opening coming in the crease, someone like Alnefelt would be appealing.

Of their unsigned prospects, Isaac Howard is the headliner.  The 19-year-old forward was a first-round pick in 2022 (31st overall) and after struggling in his freshman year at Minnesota-Duluth, he has been a point-a-game player at Michigan State.  With their next two first-round picks being spoken for, Howard is the one piece they have in their prospect pool that carries similar value.  If BriseBois is inquiring about anyone of significance, it won’t take long for the other team to ask about Howard.

Other Potential Trade Chips: F Alex Barre-Boulet, F Gage Goncalves, D Philippe Myers, F Eamon Powell

Team Needs

1) Defensive Upgrades – Injuries on the back end have been an issue for the Lightning this season, resulting in some of their youngsters getting early NHL opportunities.  But while most of those players have eventually come back, that isn’t the case for Mikhail Sergachev who is believed to be out for the rest of the regular season and a good chunk of the playoffs after undergoing surgery last month to stabilize fractures to his left tibia and fibula.  Their entire cap space is based on his presence on LTIR.  They need a top-four player at a minimum and potentially two to take some pressure off some of the players they have toward the bottom of their depth chart.

2) Backup Goalie Upgrade – Tampa Bay needs to have a low-cost backup goaltender with how their salary cap spending is structured, resulting in long-time third-string netminder Jonas Johansson getting the nod.  While he held his own early on when Vasilevskiy was injured, he has hardly played since then, playing just seven times since December.  When he has got the nod in that stretch, he hasn’t fared well, posting a save percentage of just .862.  While it’s quite possible that Johansson is the backup again next season, Tampa Bay could use some of their rest-of-year cap flexibility to get a more proven second-stringer on an expiring contract to give Vasilevskiy an extra night off here and there.  That might be beneficial from a rest perspective as they’ll need him at his best for the postseason if they can get in.

Photo courtesy of USA Today Sports Images.

Deadline Primer 2024| Pro Hockey Rumors Originals| Tampa Bay Lightning

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Stars Notes: Seguin, Stankoven, Tanev

March 1, 2024 at 6:59 pm CDT | by Brian La Rose 2 Comments

While the Stars are currently without center Tyler Seguin and will be for the next several weeks, don’t expect Dallas to put him on LTIR and go on a bit of a spending spree.  Pierre LeBrun of TSN and The Athletic reports (Twitter link) that the 32-year-old is expected to return from his lower-body injury before the end of the regular season.  Accordingly, they’d have to be cap-compliant before activating him from LTIR so they couldn’t go and spend several million of his $9.85MM AAV at the trade deadline.  That said, they could eventually place him on LTIR to bring up an extra player or two for depth purposes after the deadline with those players returning to the minors once Seguin is able to return.  Dallas has $1.17MM in cap room, per CapFriendly, thanks to Evgenii Dadonov’s LTIR placement so their options to add will be limited in the coming days.

More from Dallas:

  • Speaking of returning to the minors, that’s what Logan Stankoven did today as the team announced that they’ve sent the 20-year-old back to AHL Texas. The forward has been shuttled back and forth in recent days and likely will be recalled before their game on Saturday versus San Jose.  Stankoven has been productive since making his NHL debut last month, recording three goals and one assist in his first four NHL appearances.
  • One player who might not be playing against the Sharks tomorrow is defenseman Chris Tanev. The veteran was acquired earlier this week from Calgary as part of a three-team trade but team reporter Mike Heika relays (Twitter link) that the veteran is dealing with visa issues and may not be available to play in that one.  In that case, he’d be lined up to make his debut on Tuesday on the back end of the home-and-home set with San Jose.  Tanev has 14 points and 171 blocks in 56 games so far and is expected to play a big role for Dallas down the stretch.

AHL| Dallas Stars| Transactions Chris Tanev| Logan Stankoven| Tyler Seguin

2 comments

Red Wings Reportedly Listening To Offers On Some Defensemen

February 26, 2024 at 9:00 pm CDT | by Brian La Rose 27 Comments

Detroit has had strong depth on the back end for the majority of the season.  With a trade market that isn’t the most robust, it appears they may be looking to take advantage of that as ESPN’s Emily Kaplan reports that the Red Wings are listening to offers on some of their blueliners.

While Kaplan’s report doesn’t specify which players in particular they’re listening on, the shorter list might be who they likely wouldn’t consider moving.  Moritz Seider is clearly off the table while Jake Walman is having a career year and is on a value contract and likely isn’t going to be someone GM Steve Yzerman would be willing to part with.  Beyond those two, however, all bets could be off.

Shayne Gostisbehere has been strong offensively as expected, notching 36 points in 57 games to lead all Detroit rearguards in scoring.  He’s on a one-year, $4.125MM contract and a playoff contender could look to try to add him.  That said, the Red Wings are squarely in the playoff mix themselves and moving out a key contributor might not be the right course of action if they’re trying to end their postseason drought.

Among their other defenders, Justin Holl hasn’t had quite the season Detroit was hoping for when they gave him $3.4MM per year for three seasons.  He has often been the odd man out in their defensive rotation so it stands to reason that they might want to try to get out of those final two years.  A right-shot defender, Holl’s handedness could give him a potential suitor or two.  The late-summer acquisition of Jeff Petry helped create the logjam on the back end.  With double retention on his contract, his price tag is down to a manageable $2.343MM through next season and is someone a few more teams could fit in.  However, he has a 15-team no-trade clause and might not be inclined to leave his hometown team.  Detroit also cannot pay down his contract anymore as two retentions is the maximum on a player.

As for their other left-shot blueliners, Ben Chiarot’s $4.75MM price tag through 2025-26 might be difficult for a lot of teams to absorb and while he isn’t playing big minutes like he did in Montreal, he’s still a top-four option for them.  Olli Maatta, meanwhile, is more affordable at $3MM through next season although he’s being used exclusively on the third pairing; that AAV for that role is a little high.  With Simon Edvinsson making good progress with AHL Grand Rapids, there’s less risk in moving a left-shot option knowing that the 2021 first-round is close to being ready to step in.

With the Red Wings holding down a Wild Card spot, it would be surprising to see Yzerman sell like he did last season.  Frankly, adding to his group would be more than defensible.  But with the market for blueliners not being the greatest, it appears as if he’s open to selling one even though there isn’t necessarily an obvious candidate to move for top value.

Detroit is one of the few playoff teams with ample cap space so they will have the ability to get creative between now and the March 8th trade deadline; clearing out a veteran on the back end would only open up more flexibility on that front unless they opt for a player-for-player swap.  Either way, it appears as if they’ll be a team to keep an eye on in the coming days.

Detroit Red Wings

27 comments

Jamie Drysdale Out Week To Week

February 26, 2024 at 8:45 pm CDT | by Brian La Rose 6 Comments

When Flyers defenseman Jamie Drysdale suffered an injury to his left shoulder on Sunday (the same one he injured last season), there were concerns that another long-term absence was on the horizon.  However, it appears that won’t quite be the case as Sportsnet’s Elliotte Friedman reports (Twitter link) that the blueliner is listed as week to week with some hope that he’ll be able to return before the end of the season.

Drysdale played in just eight games last season because of his shoulder injury and injuries have limited him to just 27 appearances so far this year between Anaheim and Philadelphia.  When healthy, the 2020 sixth-overall pick has been quite an effective player and when the Flyers picked him up as part of the Cutter Gauthier trade, they felt they were getting a cornerstone piece of their future.

With another absence for Drysdale, it would be fair to wonder if Philadelphia’s plans for next week’s trade deadline would be affected, particularly with the decisions they have to make on pending unrestricted blueliners Sean Walker and Nick Seeler.  However, Friedman indicated in the most recent 32 Thoughts podcast (audio link) that this isn’t likely to be the case since GM Daniel Briere continues to take the big-picture view and that Drysdale’s injury, the severity of which wasn’t known at the time of the comments, wasn’t going to impact their plans.  At this point, the asking price of the two veterans will be the difference-maker in whether they stay or go.

In the case of Drysdale, the fact he’s not a lock to be out for the season is certainly a positive sign.  However, the news certainly could have been better as the 21-year-old now faces another absence of some length, further delaying his development and adaptation to his new team.

Injury| Philadelphia Flyers Jamie Drysdale

6 comments

West Notes: Seguin, Ferraro, Duclair, Afanasyev

February 26, 2024 at 8:29 pm CDT | by Brian La Rose 1 Comment

Stars center Tyler Seguin missed Saturday’s game with a lower-body injury and he’ll be out for at least a little while longer as Lia Assimakopoulos of the Dallas Morning News relays that Seguin is listed as out week to week.  Head coach Peter DeBoer noted that he has been dealing with a lingering injury that hasn’t been getting better and actually got worse after his last game back on Thursday.  The 32-year-old is in the middle of his best offensive season in a little while with 45 points through 58 games; his 0.78 points-per-game average is his best since 2018-19.  If Dallas believes Seguin will miss at least 10 games and 24, he could be shifted to LTIR to give them some short-term salary cap flexibility.

Elsewhere in the Western Conference:

  • Sharks defenseman Mario Ferraro has been a speculative trade candidate. He’s not a typical rental player who moves at this time of year as he’s signed through 2025-26 at a reasonable $3.25MM price tag which would be appealing to several teams.  However, his agent Peter Wallen told San Jose Hockey Now’s Sheng Peng that GM Mike Grier informed him that Ferraro is not actively being shopped.  The 25-year-old is fifth in the NHL in blocked shots so far with 151 in 52 games.
  • Still with San Jose, winger Anthony Duclair told Curtis Pashelka of The Mercury News (Twitter link) that there have been no discussions about a possible extension with the Sharks. Duclair, who represents himself in negotiations, is a pending unrestricted free agent and it’s reasonable to infer that if a new contract isn’t in place by the March 8th trade deadline, he’d be a likely candidate to be traded.  Duclair is having a down year after putting up 31 goals with Florida last season as he has just 11 goals and eight assists in 59 games.
  • The Predators announced that they’ve returned winger Egor Afanasyev to AHL Milwaukee. The 23-year-old was recalled two weeks ago but didn’t see much game action with Nashville, suiting up just twice where he was held off the scoresheet.  Afanasyev has been quite productive with the Admirals, however, collecting 21 goals and 21 assists through 42 games so far this season.

AHL| Dallas Stars| Nashville Predators| San Jose Sharks| Transactions Anthony Duclair| Egor Afanasyev| Mario Ferraro| Tyler Seguin

1 comment

Hurricanes Notes: Necas, Rees, Webber

February 26, 2024 at 7:30 pm CDT | by Brian La Rose Leave a Comment

While the Hurricanes might not be shopping forward Martin Necas, it doesn’t appear as if they’re hanging up the phone either when teams call about him.  Larry Brooks of the New York Post reports that the team has made it known that they’re willing to listen on the 25-year-old.  Necas had a breakout year last season with 71 points in 82 games and has followed that up with 42 points in 53 games so far this season.

While that’s not the type of player that they should even be listening to offers on while they’re sitting comfortably in a playoff spot, it’s worth noting that Necas will be a restricted free agent this summer with arbitration eligibility.  He’ll be owed a $3.5MM qualifying offer and could push for close to double that much; if they’ve determined they can’t afford him for next season, then they could decide that moving him now would yield the most value.  Of course, if they did so, they’d also have a big hole to fill in their top six.

More from Carolina:

  • The Hurricanes have re-assigned forward Jamieson Rees from AHL Springfield to Charlotte, per a team release from the Checkers. Carolina doesn’t have its own affiliate this season and Rees had been quite limited with Springfield where he had just three assists in 30 games after putting up 42 points in 65 games last season.  The 23-year-old is in the final season of his entry-level contract and will be a restricted free agent without arbitration rights this summer.
  • Prospect defenseman Cade Webber is in the final season of his college career and has to sign with Carolina by August 15th or become an unrestricted free agent. According to Mark Divver of the New England Hockey Journal (Twitter link), the 23-year-old is leaning toward the latter option of the two.  The 6’7 Webber was a fourth-round pick by the Hurricanes back in 2019 (99th overall) and while his offensive game is quite limited) he has just one goal in his four seasons with Boston University, he’s leading Division I in blocks with 107 and is a true stay-at-home shutdown type of defender.

AHL| Carolina Hurricanes| Transactions Cade Webber| Jamieson Rees| Martin Necas

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