Wild Sign Marcus Foligno To Four-Year Extension

Mats Zuccarello isn’t the only player getting an extension from the Wild today.  The team announced that it has signed winger Marcus Foligno to a four-year, $16MM contract extension.  Michael Russo of The Athletic adds (Twitter link) that the deal carries a full no-move clause in the first two seasons and a partial no-trade clause in the final two seasons.  CapFriendly adds (via Twitter) the breakdown of the money:

2024-25: $5MM
2025-26: $4.5MM
2026-27: $3.5MM
2027-28: $3MM

The 32-year-old has been a fixture in Minnesota’s middle six for the past six seasons after they acquired him from Buffalo back in 2017 as part of the swap that saw the Sabres re-acquire winger Jason Pominville.  Along the way, he has become an important part of their leadership group and currently serves as one of their alternate captains.

The last two seasons were polar opposites for Foligno.  In 2021-22, he posted career highs offensively, notching 23 goals and 19 assists in 74 games.  For context, he had only had two seasons where he had more than 23 points, both coming during his time with Minnesota.  However, he wasn’t able to come close to that output last year as he was held to just seven tallies along with 14 helpers in 65 contests.

The version of Foligno that put up 40 points is probably worth that contract when you factor in his physicality and ability to play on both special teams units.  However, last year’s version doesn’t quite justify that cost.  That makes it interesting that GM Bill Guerin opted for the early extension here before seeing if last season was a blip or a sign of things to come.

The deal represents a $900K increase on his current agreement which runs through the 2023-24 season.  Those savings will come from Zuccarello’s new contract which saw his AAV dip by $1.875MM.  Basically, Guerin was able to get two core veterans signed while still creating a bit of extra wiggle room for next season.  Earlier today, Guerin confirmed that extension discussions are underway with Ryan Hartman, another pending UFA as he tries to take care of his spending before the season gets underway.

Photo courtesy of USA Today Sports Images.

Salary Cap Deep Dive: Montreal Canadiens

Navigating the salary cap is one of the more important tasks for any GM.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2023-24 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of CapFriendly.

Montreal Canadiens

Current Cap Hit: $89,677,916 (over the $83.5MM Upper Limit)

Entry-Level Contracts

D Justin Barron (one year, $925K)
D Kaiden Guhle (two years, $863K)
F Juraj Slafkovsky (two years, $950K)
D Arber Xhekaj (one year, $828K)

Potential Bonuses
Barron: $275K
Guhle: $420K
Slafkovsky: $3.5MM
Total: $4.195MM

Slafkovsky’s rookie season was a rough one as he had a limited role in the first half before an injury ended his year before he had reached the 40-game mark.  Assuming he has a similar spot on the depth chart this season, his offensive trajectory won’t change much, making him a likely bridge candidate.  It also makes his bonuses (including four ‘A’ ones) unlikely to be met.

Barron split last year between the NHL and AHL and Montreal’s defensive depth could force him down to start again.  If he does stick, however, he should at least hit some of his ‘B’ bonus for games played ($62.5K is the maximum).  A bridge deal would run him somewhere near the $1.5MM mark.  Guhle’s first professional season was a strong one as he logged over 20 minutes a night.  Limited offensive production could make a long-term deal tough but if he’s viewed as a core player, it wouldn’t be surprising to see Montreal take a run at it.  He has two ‘A’ bonuses in his deal which could be reachable.  Xhekaj was one of the bigger surprises in the league last year, going from an undrafted junior free agent signing right to the NHL.  He had sheltered minutes and, like Barron, could see his waiver exemption work against him.  Assuming he sticks full-time, his role should be similar, paving the way for a bridge contract next summer also in the $1.5MM territory.

Signed Through 2023-24, Non-Entry-Level

D Gustav Lindstrom ($950K, RFA)
F Sean Monahan ($1.985MM, UFA)
G Samuel Montembeault ($1MM, UFA)
F Tanner Pearson ($3.25MM, UFA)
D Chris Wideman ($762.5K, UFA)
F Jesse Ylonen ($775K, RFA)

Potential Bonuses:
Monahan: $15K

Pearson was acquired earlier this month from Vancouver and will be looking to rebuild some value after undergoing multiple wrist surgeries which caused him to miss most of last season.  At the moment, his next price tag should come in below this one.  Monahan got off to a strong start last year before multiple injuries ended his year prematurely.  Given his injury history, he opted to take an early extension from the Canadiens over testing the market.  The bonus becomes payable once he plays in 26 games.  Ylonen is now waiver-eligible for the first time and will be looking to lock down a regular spot on the roster.  He did well enough in limited action last season to position himself for a small raise so if he can become a regular, his next deal should pass the $1MM mark.

Lindstrom was re-signed quickly by Detroit after being non-tendered to avoid arbitration and was flipped to Montreal last month.  His role shouldn’t be much different though as he’s likely to remain a sixth or seventh defender.  Until he can establish himself as a full-time regular who doesn’t need sheltered minutes, his earnings upside will be somewhat limited.  Wideman struggled last season after a decent first year with Montreal.  The back issues that hindered him last season have already resurfaced so his next contract, if there is one, is likely to also be at the minimum.

When Montembeault signed this contract last year, it was a sign that both sides were unsure of his upside.  After a rough first season in Montreal, was there another level he could get to?  His performance last year suggests there might be.  He struggled down the stretch but in the first half of the season, his save percentage was above the league average on a team that gave up a lot of scoring opportunities.  He then had a strong showing at the Worlds in May to cap off his year.  His track record isn’t strong enough to push for top backup money yet but another season like this past one could push his asking price into the $2MM territory while another small step forward could push it closer to $3MM.

Signed Through 2024-25

G Jake Allen ($3.85MM, UFA)
F Joel Armia ($3.4MM, UFA)
F Christian Dvorak ($4.45MM, UFA)
F Jake Evans ($1.7MM, UFA)
D Jordan Harris ($1.4MM, RFA)
F Rafael Harvey-Pinard ($1.1MM, RFA)
D Johnathan Kovacevic ($766.7K, UFA)
F Michael Pezzetta ($812.5K, UFA)
D David Savard ($3.5MM, UFA)

Former GM Marc Bergevin hoped that Dvorak would be able to fill the role that Jesperi Kotkaniemi was supposed to after Montreal declined to match his offer sheet with Carolina.  That hasn’t happened; instead, he has settled in more as a third-line option.  In this market, that’s a bit of a premium price.  Armia’s contract is definitely a premium as his offense just hasn’t come around.  He’s a capable defensive player but someone who is more or less valued in that role should be closer to half this price.

It looked like Evans was going to be a bargain last season.  Coming off a career year in 2021-22, he was expected to push for some playing time on the third line.  That didn’t exactly happen and he scored just twice in 54 games.  If he can get back to the 29 points he had the year before though, they can still get a good return on this deal.  Harvey-Pinard impressed in a midseason recall and while a 24.1% success rate on shots isn’t maintainable, he doesn’t need to produce at that clip to live up to this bridge deal.  Pezzetta is an end-of-roster player at a price tag that’s pretty close to the league minimum so they’ll do fine with that contract.

Savard logged big minutes last season due to a dearth of veterans on the back end.  He’s not an ideal top-pairing piece at this point of his career; a fourth or fifth role is where he’s better suited.  That role for this price tag is a bit on the high side but as long as he stays healthy, it’s a deal that they should be able to move if they want to.  Harris had a decent rookie campaign, establishing himself as a regular.  With only one full year under his belt, he was basically limited to a short-term second contract.  He’ll need to show that he can produce a bit more if he wants to land a sizable raise when this agreement is up.

Allen was extended to give Montreal a capable veteran netminder to help them through the next phase of their rebuild.  However, he’s coming off a tough year that saw him put up his worst showing statistically by a significant margin and is now one of the top-paid platoon options.  He’ll need to show considerable improvement to have a shot at beating this price point in 2025.

Signed Through 2025-26

F Kirby Dach ($3.363MM, RFA)
D Michael Matheson ($4.875MM, UFA)
G Carey Price ($10.5MM, UFA)

GM Kent Hughes paid a fairly big price to land Dach at the 2022 draft in a move that was surprising on both fronts – Montreal, a rebuilding team, moving multiple assets to add a player and Chicago, another rebuilding team, giving up on Dach so quickly.  The early returns were promising for the Canadiens as Dach locked down a top-six spot, splitting time between center and the wing while having a career year despite missing 24 games due to injuries.  Still just 22, they’re hoping that there’s more to come offensively and if that happens, the Canadiens will get a strong return on this contract fairly quickly.  Notably, the deal is structured so that Dach will be owed a $4MM qualifying offer with arbitration rights in 2026 so a raise will be on the horizon.

Matheson’s career has featured some ups and downs so far.  Back with Florida, this contract looked like a bargain, then a negative-value contract soon after.  He rebuilt some value in Pittsburgh but found another gear with Montreal.  Their young back end pressed him into a true number one role and, when healthy, he made the most of it as an all-situations player.  While he’s not a number one option in terms of talent, the Canadiens will get great value on this deal if he continues to have success in that spot.

Price’s playing days are over and he will remain on LTIR for the next three seasons.  While his contract is somewhat limiting in terms of forcing them into LTIR (meaning bonus carryover penalties), it’s a tenable situation for them to work within.  Notably, he’s still owed $17MM in total compensation which will make it difficult to move, unlike certain back-diving contracts that have moved (largely to Arizona) in recent years.

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Golden Knights Rule Out Zach Whitecloud For Rest Of Preseason

Earlier this week, Golden Knights head coach Bruce Cassidy stated that he was hopeful that Zach Whitecloud’s upper-body injury wouldn’t be a long-term concern.  However, it won’t be a short-term one either as Cassidy told reporters today including Jesse Granger of The Athletic (Twitter link) that the blueliner has been ruled out for the rest of the preseason with an update on his status to come once the exhibition campaign has come to an end.

The 26-year-old has been one of the more successful undrafted college free agent signings over the past few years.  Whitecloud has become a reliable third-pairing blueliner for Vegas, earning himself a six-year, $16.5MM contract back in 2021.

Last season, he suited up in 59 games, picking up a dozen points while recording 97 blocks and 90 hits in a little over 17 minutes a night.  He followed that up with a good showing in the playoffs, playing in all 22 games, recording two goals and six assists while seeing his ATOI jump slightly to 18:42 per contest.

Fortunately for Vegas, they do have several candidates that could legitimately push for Whitecloud’s opening should he miss any regular season.  Kaedan Korczak, Brayden Pachal, and Dysin Mayo all have seen NHL action already while prospect Lukas Cormier should also be in the mix so if Whitecloud isn’t ready to start the year, they shouldn’t have to look outside the organization for a short-term replacement.

Waivers: 9/29/23

As training camps and the preseason continues, teams continue to trim down their roster to get closer to the final group of players they’ll carry when the regular season gets underway next month. We’ll keep track of the names that hit the waiver wire here.  Today’s list was provided by Sportsnet’s Elliotte Friedman (Twitter link).

Colorado Avalanche (per team Twitter)

D Keaton Middleton
F Spencer Smallman

New York Rangers

F Alex Belzile
F Anton Blidh
F Turner Elson
D Ty Emberson
D Connor Mackey
F Riley Nash

New Jersey Devils

D Tyler Wotherspoon

St. Louis Blues

F Adam Gaudette

The Rangers have the players of some note on this list.  Belzile held his own as a midseason recall with Montreal last season, notching six goals and eight assists in just 31 games.  That allowed the 32-year-old to get a two-year commitment from New York this summer including a one-way salary in 2024-25.  Nash didn’t see any NHL action last season but is no stranger to playing at the top level as a fourth-line center, suiting up 627 times over parts of 11 years.  Blidh struggled in limited action with Colorado last season while Elson has just three NHL appearances thus far in his career.

Mackey could be a name to keep an eye on.  The 27-year-old split last year between Calgary and Arizona, getting into a career-best 30 games.  His performance there also earned him an opportunity to play at the Worlds for Team USA, his second appearance in that tournament over the last three years.  This will be Emberson’s first time on waivers.  The 23-year-old saw his production in the minors improve considerably last season, going from 11 points to 27 but he still sits fairly low on New York’s depth chart.

As for the other players on waivers today, Gaudette has 218 career NHL appearances under his belt and last season was the first time he didn’t see action at the top level in his six-year professional career.  He was a productive scorer in the minors in 2022-23, notching 51 points between the affiliates of the Maple Leafs and Blues, who acquired him at the trade deadline.  Wotherspoon last played in the NHL back in 2016-17 with Calgary while Middleton has three NHL games under his belt back in the 2020-21 campaign.  Smallman, meanwhile, hasn’t seen any NHL action over his seven professional campaigns and is coming off a career-best 13 goals with AHL Colorado last season.

These players will be on waivers until 1 PM CT on Saturday.

Blue Jackets Claim Spencer Martin Off Waivers From Canucks

The Blue Jackets have added some depth between the pipes as Sportsnet’s Elliotte Friedman reports (Twitter link) that they’ve claimed goaltender Spencer Martin off waivers from the Canucks.

Martin came into last season as the backup in Vancouver following a strong showing with their AHL affiliate in Abbotsford in 2021-22 plus an impressive six-game effort with the Canucks that saw him post a .950 SV%.  However, the 28-year-old wasn’t able to come anywhere close to duplicating that success as he posted a 3.99 GAA along with a SV% of just .871 in 29 games with the Canucks before eventually clearing waivers in mid-February.  He was much better on the farm, however, putting up a 2.43 GAA with a .916 SV% in 16 appearances down the stretch.

That gave Martin the presumptive edge to be Thatcher Demko‘s backup again this season.  However, those plans changed quickly when Vancouver acquired Casey DeSmith from Montreal earlier this month, a move that pushed Martin to the waiver wire.  His removal from the roster should give prospect Nikita Tolopilo, a free agent signing back in March, a spot in Abbotsford’s tandem with Arturs Silovs.

Columbus had plenty of struggles of their own between the pipes last season with Elvis Merzlikins having a year to forget and youngster Daniil Tarasov taking a step back as well.  Tarasov is currently dealing with a knee injury and has yet to take part in training camp, creating the opening for Martin to step into as Merzlikins’ backup for the time being.  Martin is in the final season of a two-year contract worth the league minimum in both seasons, meaning his cap hit of $762.5K actually checks in below the $775K minimum salary.

All other players that were on waivers yesterday cleared, per Friedman.

Five Key Stories: 9/18/23 – 9/24/23

The preseason is underway so activity across the NHL should start to pick up in the near future.  There was some news of note before the puck dropped which is recapped in our key stories.

New Captains: Two of the eight teams that had been without a captain filled that vacancy over the past few days.  The Bruins promoted Brad Marchand to the role as expected, becoming the 27th captain in team history.  He’s set to enter his 15th season with the team and is the longest-tenured player in the organization following the retirement of Patrice Bergeron.  Meanwhile, Brayden Schenn was named the new captain in St. Louis, taking the place of Ryan O’Reilly who was traded before the deadline last season.  Schenn is heading into his seventh season with the Blues and is the 24th captain in club history.

Stamkos Not Happy: Speaking of captains, Lightning captain Steven Stamkos is entering the final year of his contract and is eligible for an extension.  However, he noted that there have yet to be discussions on that front and that he’s not particularly happy about being in this situation knowing how often Tampa Bay has extended its players early.  GM Julien BriseBois indicated he wants to see how this season plays out before deciding on Stamkos’ future with the club.  The 33-year-old has spent his entire 15-year career with the Lightning after being the first-overall pick in 2008 and he has fared quite well, notching over 500 goals in 1,003 games and has surpassed the point-per-game mark in six of the last seven seasons.

Canucks/Canadiens Swap: With Tanner Pearson being cleared to come off LTIR, Vancouver needed to trim some payroll.  They did just that, sending Pearson and a 2025 third-round pick to Montreal in exchange for goaltender Casey DeSmith.  The deal saves Vancouver $1.45MM in cap space for the upcoming season (more if you factor in the savings from their original projected backup going to the minors) while upgrading Thatcher Demko’s backup option.  Meanwhile, Montreal continues to stockpile draft picks and now has an extra selection in each of the first four rounds in 2025.  They will likely look to try to build up Pearson’s value during the season if he can stay healthy in the hope of flipping him closer to the trade deadline.

Fleury Undecided About Playing Future: Wild goaltender Marc-Andre Fleury is set to play his 20th NHL season in 2023-24.  Will it be his last year?  He hasn’t decided just yet, stating that he will play out the year and then assess his future.  The 38-year-old made 45 starts last season but is likely heading for a lighter workload with Filip Gustavsson emerging as a strong performer last year.  Fleury enters this season just 15 games shy of 1,000 for his career, a mark that only three other netminders have hit.  He’s also seven wins shy of passing Patrick Roy for second all-time in victories.  Both of those marks are definitely achievable this season and if it winds up being his final campaign, it’d be a nice way to cap his career.

Talks Not Going Well: This is the time when unsigned restricted free agents start to become more notable as most have signed by training camps.  There are four remaining league-wide, two of them in Anaheim – center Trevor Zegras and defenseman Jamie Drysdale.  It appears as if the sides are not close on new deals although it’s believed Zegras and Anaheim have settled on a three-year term, leaving just the money to haggle over.  Considering that Drysdale missed most of last season due to injury, he’s almost certainly heading for a bridge deal as well.  Cap space isn’t an issue for the Ducks as no team has more of it at the moment so that certainly isn’t a factor in talks.  There’s still time for both players to sign and be ready for the regular season which will be the next pressure point of discussions.

Photo courtesy of USA Today Sports Images.

West Notes: Askarov, Gagner, Eberle

Back at the draft, there was some speculation that the Predators were offering up goaltender Yaroslav Askarov in an effort to move up.  GM Barry Trotz acknowledged to Paul Skrbina of The Tennessean that he did put the 21-year-old in play back in June, citing a desire to draft (or acquire) an impact young center but obviously, that didn’t come to fruition.  It shouldn’t be construed that with him being available then that he’s available now, however.  Trotz said there’s no reason in his mind why the team couldn’t carry Juuse Saros and Askarov as a tandem for the long haul.  It’s a decision that’s still a couple of years away as Saros has two years left on his deal while Askarov is likely to need a couple more years in the AHL before being NHL-ready.

More from the Western Conference:

  • While Sam Gagner is looking to earn a third stint with the Oilers, he has a tough hill to climb as Postmedia’s Jim Matheson relays that the veteran won’t play in the preseason. Gagner is still working his way back from hip surgery and his doctor has only recommended that he be allowed to practice for the next few weeks.  The 34-year-old has expressed an openness to starting the year with AHL Bakersfield and since he won’t be able to make his case for a roster spot in exhibition action, the Condors seem like the most probable landing spot for him.
  • Kraken winger Jordan Eberle would welcome a contract extension, notes Geoff Baker of The Seattle Times. The 33-year-old says he has made his stance known about his desire to remain with Seattle and it’s certainly understandable why that’s the case as has had two quality seasons since being picked in the expansion draft.  Eberle is coming off a 21-goal, 63-point campaign which could have him in line for a small raise on his current $5.5MM AAV if he gets an early extension from GM Ron Francis.

Salary Cap Deep Dive: Florida Panthers

Navigating the salary cap is one of the more important tasks for any GM.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2023-24 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of CapFriendly.

Florida Panthers

Current Cap Hit: $83,525,001 (over the $83.5MM Upper Limit)

Entry-Level Contracts

F Anton Lundell (one year, $925K)

Potential Bonuses

Lundell: $850K

Lundell’s sophomore campaign wasn’t as strong as his first but he still was a key part of their secondary core, taking regular shifts on both special teams units, a trend that continued into the playoffs.  He’s someone who will be a part of their plans for a long time but with who else is on an expiring deal next summer, they’re probably going to be forced to look at a bridge deal that could fall in the $3.5MM range if he’s able to get back to his rookie-season output.

Signed Through 2023-24, Non-Entry-Level

D Lucas Carlsson ($775K, UFA)
F Nick Cousins ($1.1MM, UFA)
D Oliver Ekman-Larsson ($2.25MM, UFA)
D Gustav Forsling ($2.67MM, UFA)
D Matt Kiersted ($762.5K, UFA)
D Dmitry Kulikov ($1MM, UFA)
F Ryan Lomberg ($800K, UFA)
F Steven Lorentz ($1.05MM, UFA)
D Josh Mahura ($925K, RFA)
D Brandon Montour ($3.5MM, UFA)
D Mike Reilly ($1MM, UFA)
F Sam Reinhart ($6.5MM, UFA)
F Kevin Stenlund ($1MM, UFA)
G Anthony Stolarz ($1.1MM, UFA)

When Florida traded a first-round pick and Devon Levi to Buffalo to get Reinhart and signed him to this deal, it was a sign they were banking on him having another gear to get to offensively.  That turned out to be an accurate prediction as his last two seasons have been his best by a considerable margin and he has turned into a top-line player.  Notably, he also has spent more time down the middle since joining the Panthers which will only boost his asking price as there will be teams looking at him as a center if he gets to the open market.  At this point, an extension might fall between the $8.5MM and $9MM range and if Reinhart goes and boosts his production closer to the point per game mark, it’ll go even higher from there.

Cousins has bounced around throughout his career but is a serviceable fourth liner that can move up in a pinch.  Having tested free agency a few times already, it’s fair to say that his current price tag is about what his market value should be next year.  Lorentz came over in the Anthony Duclair trade and is likely to stay in a similar fourth-line role to the one he had a year ago; his next deal should also land around this price point.  The same can be said for Stenlund as well who signed with Florida this summer after playing in Winnipeg last season.  Lomberg, however, has seen his stock rise over the last couple of years and is the type of role player teams will pay up a bit more for.  Doubling his current price tag isn’t out of the question next summer.

The upside had always been there with Montour with multiple teams thinking they could be the one to unlock it.  The Panthers did just that last season as he went from being a slightly above-average offensive contributor to one of the top-scoring blueliners in the NHL.  A carryover injury from the playoffs will delay the start of his season but it will be worth watching to see if he can repeat that performance.  If he can, his price tag should more than double.

Forsling has been one of the top waiver claims in recent memory as since he came over from Carolina, he has emerged as an all-around threat while he also logged top-pair minutes last season.  He isn’t a true number one option but the market for a legitimate number two option has also gone up considerably.  Accordingly, he’s also set to more than double his current price tag a year from now.   Ekman-Larsson was bought out by Vancouver and found a soft landing spot with Florida where he won’t be counted on to play as many minutes.  If he shows well on the second pairing, he should have a better market a year from now.

Reilly was also bought out this summer after spending most of last year in the minors with Boston.  He’s more of a depth option in an ideal world but with a full season, he should produce enough to command a small raise next summer.  Kulikov won’t put up many points but can still log upwards of 20 minutes a night.  This contract seemed a bit low for him, especially as an early signing, but his market might not have been as favorable as it might have seemed back in July.  Mahura emerged as a regular on the third pairing last season after being claimed off waivers.  If he can maintain that spot in the lineup, he’ll be due a small raise at least but arbitration eligibility could work against him if Florida needs to put a cheaper player in that spot.  Carlsson and Kiersted both spent more time last season in the minors but one of them could break camp with the team due to injuries.  Both players are likely to stay around the minimum moving forward.

Stolarz battled injuries last season but still managed to land his richest deal as the market for quality third-string options really improved this summer.  He’s likely ticketed for the minors but will be a capable stand-in should injuries arise.

Signed Through 2024-25

F Sam Bennett ($4.425MM, UFA)
F Grigori Denisenko ($775K, RFA)
D Aaron Ekblad ($7.5MM, UFA)
F Carter Verhaeghe ($4.167MM, UFA)

As he did with Reinhart, GM Bill Zito saw more in Bennett than what he was providing in Calgary and swung a big trade to get him.  This one worked out well too.  Bennett isn’t a top-liner but is a quality second-line power forward who can also kill penalties.  His camp might be looking at Tom Wilson’s recent extension which carries an AAV of $6.5MM as a target starting point for negotiations.

Verhaeghe has been a bargain since the moment he joined Florida.  He vastly outperformed his first deal, then accepted an early extension, an understandable move considering he had been in the minors just a couple of years earlier.  He then went and scored 42 goals in the first season of this deal.  Even if he takes a step back from that, he could push for $6.5MM or more on his next contract as well.  Denisenko has primarily played in the minors but is now waiver-eligible, likely resulting in him breaking camp with the team.  For now, it’s more about locking down a lineup spot than it is worrying about his next contract.

Ekblad’s contract was a record-setter at the time as both sides bypassed the bridge deal in favor of a lucrative second deal.  All things considered, it has held up pretty well so far.  No, he hasn’t emerged as that high-end number one defender – he doesn’t produce enough to get into that territory – but this cap hit isn’t anywhere near what some of those players are making.  He plays big minutes in all situations while still providing a fair amount of offense.  As a result, he’s positioning himself to command another max-term agreement after this one and likely at least a small raise along the way.  He isn’t flashy but Florida has gotten a good return on their first-overall selection in 2014.

Signed Through 2025-26

G Sergei Bobrovsky ($10MM, UFA)
G Spencer Knight ($4.5MM, RFA)
D Niko Mikkola ($2.5MM, UFA)

Mikkola has been more of a fifth defenseman so far and when everyone on Florida’s back end is healthy, that’s about as high as he’ll be on the depth chart which makes the term given out here a bit surprising.  They’re looking to him to help replace Radko Gudas who left for Anaheim this summer while giving them at least one dependable option signed beyond 2025.  But if he has a limited role on the third pairing, this will be a bit of an above-market contract.

Bobrovsky had a stellar first three rounds of the playoffs, playing a big role in Florida’s run to the Stanley Cup Final.  However, it came on the heels of a subpar season that saw him post just a .901 SV%.  He’s historically quite streaky but as the highest-paid active goalie in the league, expectations should be higher than consistently inconsistent.  That played a role in Zito handing Knight this deal early last season, a move that raised more than a few eyebrows given his lack of experience.  Now back from his stint in the Player Assistance Program, if he gets back on track and pushes for that number one role, they’ll do fine with his deal.  Otherwise, they’ll have two pricey netminders on their hands for not a great return.

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Training Camp Cuts: 9/23/23

The preseason is now officially underway after the Coyotes and Kings played their first of two contests in Australia overnight.  Technically, it was the first of three games on the docket for Arizona as they also have split-squad games set for today against St. Louis.  With the exhibition season now going, teams will start to begin paring down their rosters in the coming days.  We’ll keep tabs on any of today’s cut activity here.

Arizona Coyotes (via PHNX Sports’ Craig Morgan)

F Ben Boyd (to St. Mary’s, USports)
F Josh Prokop (to University of Alberta, USports)
F Elliot Ekefjärd (Almtuna, HockeyAllsvenskan)
D Justin Kipkie (to Victoria, WHL)
D Ryder Thompson (to Portland, WHL)

Buffalo Sabres (via team release)

F Ethan Miedema (to Kingston, OHL)
G Scott Ratzlaff (to Seattle, WHL)

Carolina Hurricanes (via team release)

G Jakub Vondras (to Sudbury, OHL)

Columbus Blue Jackets (via team release)

D Nicholas DeAngelis (released from tryout)
F Kocha Delic (released from tryout)
D Gunner Kinniburgh (released from tryout)
D Joe Leahy (released from tryout)
F Sean McGurn (released from tryout)
F Tyler Peddle (to Drummondville, QMJHL)
F Luca Pinelli (to Ottawa, OHL)
F Nate Schnarr (released from tryout)
F Jakin Smallwood (released from tryout)
F Aidan Spellacy (released from tryout)
F Oasiz Wiesblatt (released from tryout)

Seattle Kraken (via team Twitter)

D Eric Jamieson (to Everett, WHL)
G Tyler Palmer (to Everett, WHL)
D Caden Price (to Kelowna, WHL)

This post will be updated as further cuts come in.

PHR Mailbag: Waivers, Zegras, Couture, Babcock, Hockey Canada

Topics in this edition of the PHR Mailbag include some players to keep an eye on when it comes to waivers over the next few weeks, Logan Couture’s short-term future, and more.  If your question doesn’t appear here, check back in next weekend’s column.

Grocery Stick: What are candidates to be exposed on waivers after training camp and claimed by another team? Does the current cap situation make it easier to sneak players through waivers?

Here are a few names that I’ll be keeping an eye on when it comes to waivers in the coming weeks.

Michael Carcone (ARI) – A dominant AHL season coupled with a surprisingly strong showing at the Worlds with Canada helped earn him a two-year, one-way deal to avoid free agency.  Since then, Arizona has bolstered its forward depth which could push him out.  He’s worthy of a longer NHL look but at 27, will a team be willing to take a shot on a bit of an older option?

Declan Chisholm (WPG) – Winnipeg has strong defensive depth but something has to give.  If Logan Stanley is indeed going to stay now, they’re going to be hard-pressed to keep Chisholm up unless it’s in the number eight role.  After seeing Johnathan Kovacevic – a by-product of AHL Manitoba as well – get claimed and have success in Montreal last year, teams may try to duplicate that with Chisholm.

Brett Murray (BUF) – While Murray cleared waivers last year, he then turned around and had a productive year with AHL Rochester, notching 23 goals and 26 assists.  At 6’5, there could be teams intrigued by his size and uptick in production which means they might be inclined to give him a shot on their fourth line.

Lassi Thomson (OTT) – It’s not very often that a player still on his entry-level deal is waiver-eligible but Thomson qualifies with four pro seasons under his belt.  The 2019 first-rounder is a right-shot defender (which already makes him intriguing) and has had success in the minors the last two seasons.  A rebuilding team that can commit a roster spot to someone who might not quite be NHL-ready yet will want to take a long look here.

As for the second part of your question, the current cap situation makes it easier to sneak some through waivers but not all.  The players I listed above are all either at the minimum salary or close to it.  That is particularly appealing to cap-strapped teams which there are a lot of this season.  Those players become more likely to be picked up as a result.  But if a team decides to send a player making a million or more down, the fact that so few teams have cap space makes it more likely that they’ll pass through unclaimed.  There will be some established players that hit the wire in the coming weeks that stand next to no chance of being picked up thanks to their contract.

My list of lower-cost options is hardly exhaustive either.  There will be quite a few others with similar profiles that will be waived and sometimes, it’s the lesser-known pieces that draw attention more than the ones that are more proven.

Weasel 3: Do non-competitive teams intentionally hold back cap space each year looking for early waiver claims? If so, do they tend to flip the resource or hold on to them?

I don’t think weaker teams are holding back space for that reason.  Yes, they’re the teams more likely in theory to place a claim on someone but those teams will be looking for the younger options that probably don’t make too much money.  Those teams bank cap space for strict cost savings.  If you’re a team going nowhere and have no hopes of playoff revenue, why not lower your salary costs in the process?  I think that’s the bigger driver for teams well below the Upper Limit.

Claim-and-flips are hard to pull off.  The CBA notes (Sec. 13.20(b)) that if a player is claimed, he first has to be offered to any other team that placed a claim on him.  Only if that team (or teams) declines to take the player can he be flipped via a trade.  If the player is any good, chances are that more than one team would have placed a claim originally and the ones that didn’t get him would probably be interested if he was to be made available again.  That isn’t to say that it doesn’t happen – it does periodically – but the players are usually of the lesser variety.  Generally speaking, the team either keeps the player or puts them back on waivers.

MillvilleMeteor: What kind of return could the Ducks expect if they can’t work out a deal with Trevor Zegras and decide to trade him?

First, let me say that I don’t see this scenario playing out.  At this point, a bridge deal seems like the inevitable outcome and a three-year pact seems most likely.  That would mean Zegras would still be under team control at its expiration with arbitration eligibility.  At this point, the AAV is the hold-up and perhaps to a lesser extent, the year-to-year breakdown which affects the qualifying offer.  This should get done over the next few weeks.

But I’ll play along with your scenario.  Pretty much any team that gets him would need to offset the money and considering Anaheim’s cap space, the team might want to work in a pricey deal as part of the swap.  So I’d say two NHL pieces for starters, a young core piece with several years of club control left and a more expensive money-matcher.

If I’m GM Pat Verbeek, I’m asking for at least two ‘A’ prospects (or equivalent picks but prospects would be preferred).  Is Zegras a franchise center?  He might be, he might not be.  If I’m trading him, it’s at the level where someone’s treating him like he is one.  I’d also expect a ‘dart-throw’ prospect in there, a drafted player who someone on Anaheim’s scouting staff feels could be an under-the-radar pickup.  On the other end, I would expect the Ducks to also move out someone like Brett Leason, a league-minimum roster filler option to help match contracts and give the acquiring team a second NHL player to replace the two they’re sending out.

Having said all that, how many teams realistically can make that type of offer?  Longer-term contenders don’t have the prospect pool or draft capital to make that offer.  Non-playoff teams won’t want to part with top futures and there are only a handful of teams that fall somewhere in between those two categories.  How many of those would make a higher-end move at this time?  Probably not many which is why I don’t see a swap happening.

DevilShark: Where will Logan Couture be playing on this day next year and which team(s) will be paying his salary?

Earlier this week, Sharks GM Mike Grier told reporters including Curtis Pashelka of The Mercury News that if Couture (or Tomas Hertl) approached him with a desire to move to a playoff-bound team, he’d be open to the idea of honoring that request.  But we’re not at that point yet; Couture himself reiterated his desire to stay with San Jose just last month.

Could the reality of what’s likely to be another ugly season change that mindset?  Perhaps.  But I think he’d be willing to stick it out a little longer at least.  Perhaps in a couple of years if this is looking like an Arizona-style long rebuild, then he’d look to change his mind.  But not yet.

The other factor to consider here is his contract.  Couture has four years left on his deal and turns 35 in March.  His AAV is $8MM which is on the higher side for someone whose career high in points is 70.  There’s a market for him but in this cap environment, it’s probably not the strongest.  In a couple of years when the deal is a bit shorter and the cap potentially a fair bit higher, it might be a bit easier to move.  The Sharks aren’t going to get a great return but simply moving him for a minimal return like they did with Brent Burns last summer doesn’t need to happen and frankly shouldn’t.

So, on September 23, 2024, I’m predicting Couture is still a member of the Sharks.

PyramidHeadcrab: Is Mike Babcock’s stint as head coach in Columbus the shortest in NHL history? Let’s exclude interim coaches, for the sake of argument.

YzerPlan19: Has any coach been fired/resigned without coaching a game? Or running a practice even?

Off the top of my head, I couldn’t think of another coach whose official stint with a team lasted zero games and a cursory search didn’t reveal any either.  I can’t say with certainty that there weren’t any but it doesn’t look like there is.  And, to be fair, there probably shouldn’t be; this is a pretty unique situation that frankly didn’t exist a generation ago where players could be heard on privacy concerns.  Tough love was the name of the game across the league so these types of actions (or whatever the equivalent back then would have been) just weren’t heard of.

While not a coach, the closest to this I can think of is Neil Smith’s stint as GM of the Islanders.  He was hired in June 2006 and lasted all of six weeks, meaning his stint at the helm with then was a 0-0-0 record.  Garth Snow then retired and was named GM, giving that whole set of events a similar set of bizarreness as Babcock’s.

Black Ace57: Is there any idea on when we might actually hear the findings of the Hockey Canada investigation? Are they really going to let this drag on into the season?

I don’t think anyone really knows when the results are coming.  This is the type of investigation where all involved are going to be very meticulous before anything gets announced for obvious reasons.  It wouldn’t shock me if the league wants to do some sort of negotiation with teams of the affected players – if charges are laid – to try to do some sort of agreed-upon suspension that can be announced concurrently with the results.  That will also take some time.  The story isn’t going away but yes, there is a very realistic chance that the outcome isn’t made public within the next few weeks.

Photo courtesy of USA Today Sports Images.