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Salary Cap Deep Dive: Vegas Golden Knights

December 25, 2024 at 6:59 pm CDT | by Brian La Rose Leave a Comment

Navigating the salary cap is one of the most important tasks for a front office.  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 often see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation for the 2024-25 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 PuckPedia.  We’re currently covering the Pacific Division, last up is the Golden Knights.

Vegas Golden Knights

Current Cap Hit: $87,344,447 (under the $88MM Upper Limit)

Entry-Level Contracts

F Alexander Holtz (one year, $894K)

Potential Bonuses
Holtz: $850K

Holtz was acquired from New Jersey over the offseason in the hopes that a change of scenery would help him reach some of the potential that made him the seventh overall pick in 2020.  That hasn’t come to fruition so far as his role and production have been as limited as they were with the Devils.  It’s still too early to give up on him but he’s heading for a short-term bridge deal that shouldn’t cost too much more than his entry-level deal does.  At this point, his bonuses are unlikely to be reached.

Signed Through 2024-25, Non-Entry-Level

D Nic Hague ($2.294MM, RFA)
G Adin Hill ($4.9MM, UFA)
F Victor Olofsson ($1.075MM, UFA)
F Tanner Pearson ($775K, UFA)
G Ilya Samsonov ($1.8MM, UFA)
F Cole Schwindt ($800K, RFA)

Olofsson didn’t have a great platform year with Buffalo last season, leading to this deal where he hoped that a strong showing with Vegas could give him a stronger market next summer.  Injuries have limited him thus far but he still has seven goals in 14 games.  If he can stay close to that level, he should be able to get closer to the $3MM or $4MM mark albeit likely on another short-term agreement.

Schwindt was claimed off waivers at the start of the season and has held down a spot on the fourth line for most of the year.  He’s arbitration-eligible which could work against him as this is a roster spot that Vegas will want to keep close to the minimum.  If Schwindt is open to a short-term deal around this price point, that could be enough to keep him around.  Pearson converted a preseason PTO into a minimum salary deal.  While he has fit in well in a limited role, it’s hard to see him landing much more than this next offseason.

Hague has been a fourth or fifth defender for most of his career although his role and playing time have been reduced this season.  That’s not ideal as he’s heading toward having to be qualified at $2.7MM with arbitration rights that could push the cost closer to $4MM per season.  If he stays in more of a sixth role, he could become a non-tender candidate.

With Logan Thompson being moved to Washington, Hill became the undisputed starter, a good spot to be in considering it’s a contract year.  That said, his play has been a bit inconsistent which will make it difficult for him to command much more than he’s making now.  That said, he should be able to get something around this price point on a longer-term agreement than the two-year pact he’s playing on.  Samsonov had a rough year with Toronto in 2023-24 resulting in Samsonov looking for a place to try to rebuild his value.  He has performed a little better than a year ago but certainly not to the point where teams will be looking at him as a starter.  That said, a strong second half could allow him to approach the $3MM to $3.5MM mark as a backup who can play starters minutes when needed.

Signed Through 2025-26

F Pavel Dorofeyev ($1.835MM, RFA)
F Jack Eichel ($10MM, UFA)
D Ben Hutton ($975K, UFA)
D Kaedan Korczak ($825K, RFA)

Eichel has become the number one center that Vegas was hoping he’d be when they acquired him in 2021.  That said, he never has really had high-end point production before this season which might limit his market value to a point.  A small raise should still be expected on a max-term agreement but unless he can get to that 100-point threshold, he might be hard-pressed to beat someone like Vancouver’s Elias Pettersson ($11.6MM) barring a big jump in the salary cap by then.  Dorofeyev impressed in limited action last season and is producing at a better rate so far this year, making him a strong value piece on his bridge deal.  He’ll have arbitration rights in 2026 and if he continues to score at the pace he’s on, he could jump past $5MM per season on his next contract.

Hutton has been a capable depth defender for several years now which has helped earn him some stability with Vegas.  But these types of pieces generally stay low-cost and it would be surprising to see Hutton land any sort of notable raise on this deal, especially as teams will want to keep the back-of-the-roster spots as close to the minimum as possible.  Korczak is in a similar situation, although he’s young enough (23) to still change those fortunes.  If he stays in a depth role, he’s in the same boat as Hutton and his arbitration eligibility could work against him.  If he locks down a full-time spot, he could push for something more in the $1.5MM range.

Signed Through 2026-27

F William Karlsson ($5.9MM, UFA)
D Alex Pietrangelo ($8.8MM, UFA)
F Nicolas Roy ($3MM, UFA)
F Mark Stone ($9.5MM, UFA)

When healthy, Stone is a legitimate top-line two-way threat, one that’s a key part of this lineup.  Of course, staying healthy has been a challenge for him over the years as he has missed significant time due to injuries over the past several years.  That will hurt him when it comes time for his next deal, as will the fact he’ll be 35 at that time.  Even in what should be a more favorable cap environment by then, Stone will likely be heading for a pay cut.  It wouldn’t be shocking to see a longer-term deal with an eye on getting the cap hit lower, similar to what Pittsburgh did with Kris Letang and Evgeni Malkin in the past (though Stone’s price tag should come above theirs).

Karlsson has been a solid second option down the middle throughout most of his tenure with Vegas and the price tag for those players has shot up over the years.  That said, he’ll be 34 which means there’s a good chance his next contract is his last one.  Assuming it’s a longer-term one to keep the AAV down, it’s possible Karlsson’s price tag stays in this range.  Roy has held the third center role for the bulk of his time with the Golden Knights and has been above-average on the production side for the last few seasons.  It’s already a below-market deal and if he stays in that 40-point range, his next contract should start with a four.

In his prime, Pietrangelo was a high-end two-way threat from the back end.  However, he turns 35 next month and his production and ice time have dropped in recent years.  When he started in Vegas, Pietrangelo was worth this price tag, if not more.  But as the offensive numbers go down and he slips a bit more on the depth chart (or they at least try to manage his minutes a bit more), the perception of this deal will flip to an above-market one, an outcome that shouldn’t come as much surprise as that was the expectation at the time it was signed.  Having said that, he’s still playing a big enough role to give Vegas a decent return and that should continue for at least a little while longer.

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Signed Through 2027-28 Or Longer

F Ivan Barbashev ($5MM through 2027-28)
D Noah Hanifin ($7.35MM through 2031-32)
F Tomas Hertl ($6.75MM through 2029-30)
F Brett Howden ($1.9MM in 2024-25, $2.5MM from 2025-26 through 2029-30)
F Keegan Kolesar ($1.4MM in 2024-25, $2.5MM from 2025-26 through 2027-28)
D Brayden McNabb ($2.85MM in 2024-25, $3.65MM from 2025-26 through 2027-28)
D Shea Theodore ($5.2MM in 2024-25, $7.425MM from 2025-26 through 2031-32)
D Zach Whitecloud ($2.75MM through 2027-28)

*-San Jose is retaining an additional $1.3875MM on Hertl’s deal.

Hertl was a surprising acquisition at the trade deadline and has given the Golden Knights enviable depth at center, allowing them to shift Karlsson to the wing at times.  Even with retention, this is a bit of a high price tag for a player who has only surpassed 65 points once in his career but he should be able to hold down a spot on the second line for the bulk of the remainder of this agreement which means Vegas should get a good return on their investment.  Barbashev’s offensive improvement over the past few years helped earn him this contract and he has taken that production to another level this year, hovering near the point-per-game mark.  If that holds, he’ll be a considerable bargain in a hurry while positioning himself for a big raise down the road.

Howden hasn’t been a big point producer before this season (where he has a career-high 13 goals already).  That helped keep the price tag on his extension down.  They’ll be counting on him routinely putting up around 25 points a season to justify the higher price tag but that’s a reasonable goal for him to try to reach based on his uptick this season.  Kolesar opted to avoid testing free agency with this deal from just a couple of weeks ago.  It’s on the higher side for someone who has spent a lot of time on the fourth line in his career but he has been playing more than lately which would have helped him on the open market.  As a physical player who is showing a bit of a scoring touch this season (he also has a new personal best in tallies already with nine), there’s a good chance he’d have made more than this had he waited until free agency to sign.

When healthy, Theodore has been one of the more impressive offensive performers in recent years among NHL defenders.  However, like Stone, staying healthy has been a challenge.  That almost certainly played a considerable role in the blueliner getting $7.425MM per season on his extension when his open-market value would have been a lot higher, especially if he manages to stay in the lineup more often in 2024-25.  For an all-around blueliner that logs around 22 minutes a night, this new price tag is still a team-friendly deal.  The $5.2MM that Theodore is making this season is one of the better back-end bargains across the NHL.

Vegas got creative last season to add Hanifin with double retention and they wasted little time signing him to this deal a month after he was acquired.  For someone who has only been above average in terms of production for the last few years, there’s a bit of risk but he’s in the prime of his career and is a high-end defensive player which helps to mitigate that.  Top defensive players don’t often get this type of commitment but he’s one of the exceptions.

McNabb has never been a big point-getter which has limited his market in the past.  However, he’s still a reliable fourth defender and a good shutdown option which would have given him a good market in free agency even though he’ll be 34 when he starts that contract.  As long as he stays in that fourth role, they’ll do fine with this deal.  As for Whitecloud, he has been a regular on the third pairing for the past five years but hasn’t progressed from that point as they were hoping when they gave him this deal back in 2021.  It’s not a bad-value contract – especially as a right-shot player, the side in high demand – but it’s on the higher end for more of a limited piece.

Buyouts

None

Retained Salary Transactions

None

Best Value: (non-entry-level) Theodore
Worst Value: Pietrangelo

Looking Ahead

With Robin Lehner’s contract not counting against the books this year, Vegas hasn’t had to use LTIR as frequently, allowing them to bank in-season flexibility for the first time in a long time.  That said, they’re still tight enough to the cap ceiling that as things stand, they won’t be able to take much money on though it shouldn’t be a true money-in, money-out situation.

With the Golden Knights handing out several early extensions this season, they’ve spent up a lot of their flexibility for next summer as they have over $79.5MM in commitments on the books already to 17 players.  Knowing they need to sign a goalie tandem, potentially re-up Hague, and fill out the rest of the roster, GM Kelly McCrimmon likely won’t have a lot of spending room to add next summer.  With the long-term commitments they have now and those upcoming (Eichel, for example, is heading for another big-ticket contract), it’s going to be difficult for them to make another big splash without parting ways with a key veteran to do.  Of course, they’ve demonstrated that they’re willing to do just that before so if anyone can get creative to add a core piece, it will be McCrimmon and his team.

Photos courtesy of Imagn Images.

Pro Hockey Rumors Originals| Salary Cap Deep Dive 2024| Vegas Golden Knights

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Sharks Expected To Begin Extension Talks With Mikael Granlund In January

December 24, 2024 at 9:00 pm CDT | by Brian La Rose 16 Comments

When Mikael Granlund took a two-year, $10MM deal with San Jose in 2023, the thought was that he’d try to use the opportunity to play a prominent role and turn it into a more lucrative contract down the road.  With how things have gone for him so far, he may have made the right choice.

It appears that we may soon see what type of bigger deal the veteran could earn.  David Pagnotta of The Fourth Period recently reported (video link) that San Jose and Granlund’s camp are expected to begin discussions about a possible contract extension next month.

Last season, the 32-year-old led the Sharks in points, tallying 12 goals and 48 assists despite only playing in 69 of 82 games.  Granlund was the team leader in ice time among forwards, logging a career-best 20:58 per night which certainly helped contribute to the uptick in production.  But with San Jose adding Macklin Celebrini and William Smith to their group of middlemen for this season, many assumed Granlund would have a smaller role.

That hasn’t been the case, however.   Granlund’s ice time has actually ticked up slightly this season and he’s already just one goal shy of equaling his output from last season while chipping in with 22 assists.  As a result, he’s once again the team leader in scoring with 33 points, six ahead of William Eklund.  Clearly, there’s room for Granlund to still play a prominent role beyond this season.

But how much would an extension cost?  While Granlund has a history of up-and-down production which hurts his market value, it’s fair to say he has earned a fair-size raise if he’s going to remain in this type of role.  Numbers-wise, he could push for more than $6MM on another multi-year agreement.

There are two other factors to consider here, however.  First, Sharks GM Mike Grier needs to weigh the value of re-signing him against the potential trade value he’d carry by the March 7th trade deadline.  While San Jose doesn’t have any salary retention slots remaining, Granlund would be one of the top middlemen available and should land them a quality return.  Is it worth not getting that return to keep him in the fold?

The other factor is Granlund’s role.  With the Sharks, he’s a number one center.  That isn’t going to be the case on many other teams who would view him as a second or even a third option.  Accordingly, their offers in free agency are likely going to reflect that.  With that in mind, it stands to reason that the richest offer he’s going to receive is from the Sharks.  Does he go that way and remain with a rebuilding team or consider taking less to play in more of a winning environment?

With talks expected to start in a few weeks, Granlund still has ample time to ponder the answer to that question but with the Sharks fully knowing that he’s one of their top trade chips if a deal can’t be reached, they’re probably going to want an answer sooner rather than later.

Photo courtesy of Imagn Images.

San Jose Sharks Mikael Granlund

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Rangers Believed To Be Shopping Jimmy Vesey

December 24, 2024 at 7:58 pm CDT | by Brian La Rose 15 Comments

While Chris Kreider and the since-traded Jacob Trouba were the headliners among the available for trade memo that went to teams last month, it appears those two Rangers weren’t the only ones on there.  Arthur Staple of The Athletic reports (subscription link) that veteran winger Jimmy Vesey is also being shopped around and has been for the last month.

Last season, Vesey had a solid showing, putting up 13 goals and 13 assists in 80 games despite only averaging 12:23 per game.  For a depth scorer, that’s not a bad level of output and it was his best point total since the 2018-19 campaign, the last year of his first stint with New York.  At a price tag that was only $25K above the league minimum, that was a solid value deal for them.

However, the second year of that agreement hasn’t gone as well.  Vesey has been limited to just 19 appearances out of 34 thus far, some due to a lower-body injury but other missed games were as a healthy scratch.  Production has been harder to come by for the 31-year-old as he has just three goals and one assist so far while his playing time is down under ten minutes a night now with his playing time shorthanded down by more than 75% compared to a year ago.

This is the final year of Vesey’s contract and he’ll be eligible for unrestricted free agency this summer.  With his early-season struggles, his trade value has almost certainly taken a hit to the point where their likeliest return would be a later-round draft pick or a similar low-cost depth player.  That said, GM Chris Drury appears to be intent on shaking up his roster and it would appear that it’s not just the prominent veteran that are available but some of the end-of-roster pieces as well.

New York Rangers Jimmy Vesey

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Red Wings Assign William Lagesson And William Wallinder To AHL

December 24, 2024 at 6:56 pm CDT | by Brian La Rose Leave a Comment

As we’ve seen several teams do already, the Red Wings have sent a pair of players down now that we’re at the holiday break.  Late last night, the team announced (Twitter link) that they re-assigned defensemen William Lagesson and William Wallinder to AHL Grand Rapids.

Lagesson has been shuffled back and forth in recent days but did get into two games with Detroit this week.  He was held off the scoresheet while averaging just shy of 16 minutes a night.  In his first season with the Red Wings, he has spent most of the year with the Griffins, picking up eight points in 20 games.  With Simon Edvinsson recently landing on IR, there’s a good chance that Lagesson will be recalled after the break but for a few days at least, they’ll pause his waiver exemption clock.

As for Wallinder, he was the corresponding recall on Monday when Edvinsson was moved to injured reserve but he didn’t suit up against St. Louis.  The 22-year-old is in the second year of his entry-level deal and is off to a solid start with the Griffins this season.  Wallinder has eight points in 19 games in 2024-25 after putting up 19 in 65 contests in his rookie year last season.  Waivers aren’t a consideration for him but the move will allow Detroit to bank a bit more cap space for a few days before deciding about bringing him back up or not.

With these assignments, the Red Wings now have two open spots on their active roster.

AHL| Detroit Red Wings| Transactions William Lagesson| William Wallinder

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Kings Reassign Andre Lee

December 24, 2024 at 2:43 pm CDT | by Brian La Rose 1 Comment

Dec. 24: Lee has been returned to Ontario, per a club announcement. He won’t count against the cap during their holiday break. His appearance on Sunday against the Capitals was his first during this recall, recording a shot on goal in 9:13 of ice time.

Dec. 13: The Kings made a roster move on Friday to add a bit more depth up front.  The team announced (Twitter link) that they’ve recalled winger Andre Lee from AHL Ontario on an emergency basis.  Mayor’s Manor reports that winger Trevor Moore’s availability for tomorrow’s game against the Rangers is in question, necessitating this move.

The 24-year-old has gotten into 16 games so far this season with Los Angeles in his first taste of NHL action.  That said, his playing time has largely been limited as he’s logging just 9:26 per game.  Offensively, Lee has been limited to recording two assists although he’s also averaging just over two hits per contest.

After spending more than a month on an NHL roster to start the season, Lee was sent down in mid-November but he has been recalled multiple times since then.  As a result, he has only played in four games with the Reign, picking up a goal and an assist after picking up 13 points in 36 games with them last season.

With the recall, the Kings are now at the maximum of 23 players on their active roster.

AHL| Los Angeles Kings| Transactions Andre Lee| Trevor Moore

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Kraken Reassign Ben Meyers, Gustav Olofsson

December 23, 2024 at 12:55 pm CDT | by Brian La Rose Leave a Comment

Dec. 23: After being rostered for their back-to-back over the weekend, the Kraken returned Meyers and Olofsson to Coachella Valley this morning, per a team announcement. Olofsson didn’t play during his recall, while Meyers posted a -1 rating in 8:52 of ice time in last night’s loss.

Dec. 21: Seattle has added some reinforcements to its roster in advance of their game tonight against Vegas.  The team announced (Twitter link) that forward Ben Meyers and defenseman Gustav Olofsson have been recalled from AHL Coachella Valley.

This is the second recall of the season for Meyers who got into three games with the Kraken back in November but was held off the scoresheet while averaging just under eight minutes a night.  The 26-year-old has been productive with the Firebirds, collecting nine goals and ten assists in 22 games with them.  Signed to a one-year, one-way contract in unrestricted free agency this summer, Meyers could be heading back there next year unless he gets into ten more NHL games this season which would then make him a restricted free agent with arbitration rights.

As for Olofsson, it’s his first time up with Seattle in 2024-25.  The 30-year-old has played in 27 games with Coachella Valley this season, picking up four goals and seven assists, putting him one point shy of his total from last year in barely half as many games.  Olofsson has 63 career NHL contests over parts of seven seasons, four of which have come with the Kraken over the past two years.

Seattle had two open roster spots following the recent demotion of Mitchell Stephens so no further moves were needed to bring Meyers and Olofsson onto the active roster.

AHL| Seattle Kraken| Transactions Ben Meyers| Gustav Olofsson

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Five Key Stories: 12/16/24 – 12/22/24

December 22, 2024 at 9:00 pm CDT | by Brian La Rose Leave a Comment

Generally speaking, the week leading up to the roster freeze (a freeze that still allows for a lot of roster movement) in the NHL isn’t particularly busy.  That wasn’t the case as there was plenty of news of note across the league which is recapped in our key stories.

Johnson Released: Veteran Tyler Johnson was patient while waiting for his opportunity to play in Boston as his preseason PTO extended nearly a month before he inked a one-year, $775K contract.  However, his time with the Bruins was short-lived.  After getting into just nine games with them, Johnson and the team mutually agreed to terminate his contract and after he cleared unconditional waivers, he became a free agent.  A veteran of 747 career games at the NHL level, Johnson is hoping to still play in the NHL and intends to speak to teams after the holiday break.  Speculatively, considering he was on a league minimum deal and no one claimed him, this could be a situation where he needs to wait for an injury or until closer to the trade deadline in March before inking another deal.

Key Injuries: Maple Leafs goaltender Anthony Stolarz was off to a strong start to his first season in Toronto with a 2.15 GAA and a .927 SV% in his first 17 games.  However, he had to undergo knee surgery that will keep him out of the lineup for the next four to six weeks, meaning Joseph Woll will be the undisputed starter for a while.  Meanwhile, the Lightning won’t have blueliner J.J. Moser available to them for at least the next two months due to a lower-body injury.  Acquired as part of the Mikhail Sergachev trade, Moser has 10 points in 27 games while logging nearly 20 minutes a night on their back end.  Lastly, Sabres winger Jordan Greenway is set to undergo mid-body surgery that will keep him out long-term although he’s expected back before the end of the season.  Greenway was doing relatively well when healthy with seven points and 54 hits in 20 games but an extended absence won’t help his cause as he heads toward UFA eligibility for the first time in July.

Kakko To Kraken: After being made a healthy scratch last weekend by the Rangers, winger Kaapo Kakko expressed some frustration with the situation.  Soon after, New York moved the 2019 second-overall pick to Seattle in exchange for defenseman William Borgen plus a 2025 third-round pick and a 2025 sixth-rounder.  Kakko had a career-best 40 points last season but the Rangers weren’t ready to commit a long-term deal to him, instead giving him a one-year, $2.4MM deal for this year, avoiding arbitration.  He’ll hope for a strong second half with the Kraken that could help him earn that long-term commitment.  Meanwhile, Borgen will help replace some of the physicality that Jacob Trouba used to provide but he’s eligible for unrestricted free agency next summer.  The move is more of a win-now one for a Rangers team who has plummeted down the standings in recent weeks and it’s possible one or both of the draft picks they landed could be flipped in the coming weeks.

Eight For Rempe: With Kakko being traded, the Rangers used his roster spot up front to bring back Matt Rempe from AHL Hartford.  However, he wound up getting ejected in his first game back with the big club following a hit on Dallas blueliner Miro Heiskanen.  The hit drew the ire of the Department of Player Safety who handed Rempe an eight-game suspension.  Rempe has been ejected four times in his first 22 regular season games and this is the second suspension of his young career.  As he’s considered a repeat offender, the financial cost is considerably higher; he’ll forfeit $80K in salary for the infraction.  As it’s greater than five games, Rempe has the right to appeal this suspension but won’t be eligible to play during any potential appeal process.

Swapping Blueliners: The Canadiens and Predators swapped right-shot defenseman with Montreal picking up Alexandre Carrier in exchange for Justin Barron.  Carrier was off to a bit of a tough start to his season but played well enough to earn a three-year, $10.25MM deal last summer, one the Canadiens will absorb in full.  Barron, meanwhile, is a former first-round pick who was unable to secure a full-time spot on Montreal’s blueline.  He has another year left after this one at a $1.15MM price tag, giving Nashville $2.6MM in cap savings this season and next with the move and they’ll hope to help him reach his potential.  Meanwhile, the Canadiens add some experience to a young back end while giving them some insurance should they choose to move David Savard closer to the trade deadline.

Photo courtesy of Imagn Images.

NHL Week In Review

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Snapshots: Tarasov, Dumba, Vanecek, Miller, Nugent-Hopkins

December 22, 2024 at 7:59 pm CDT | by Brian La Rose 1 Comment

It has been a tough year for Blue Jackets goaltender Daniil Tarasov.  The 25-year-old has played to a 4.26 GAA and a .857 SV% in his nine starts and has only played once in the last month while AHL starter Jet Greaves has seen time with Columbus since then.  However, GM Don Waddell told Aaron Portzline of The Athletic (subscription link) that he has no plans to put the netminder on waivers, feeling that Tarasov has too much talent to go through unclaimed.  Tarasov had some success just last season when he had a 3.18 GAA and a .908 SV% in 24 games so they’ll continue to work with him in practice for the time being.  It’s a contract year for Tarasov who will be owed a $1.26MM qualifying offer with arbitration rights this summer so he’ll need to turn things around soon or risk being a non-tender candidate in June.

Elsewhere around the NHL:

  • While Stars defenseman Mathew Dumba returned to practice today with a full cage, he will not suit up on Monday against Utah, relays Sam Nestler of DLLS Sports (Twitter link). He has missed the last two weeks with an upper-body injury.  It has been a tough first year in Dallas for Dumba as he has been limited to just one assist in 19 games so far this season which is not the type of production the team was expecting when they signed him to a two-year, $7.5MM contract this summer.
  • Sharks head coach Ryan Warsofsky told reporters including Curtis Pashelka of The Mercury News (subscription link) that they expect to have more information on the path forward for goaltender Vitek Vanecek in the next day or two. The netminder was hit by a puck on the bench on Tuesday and was listed as week-to-week.  He has since seen a specialist so further clarity on how much longer he’ll be out should be coming soon.  Vanecek, a pending unrestricted free agent, has a 3.84 GAA and a .885 SV% in 14 appearances this season.
  • Rangers defenseman K’Andre Miller missed today’s game and remains listed as day-to-day, mentions NHL.com’s Dan Rosen (Twitter link). New York was hoping that he’d be able to return from his upper-body injury but evidently, he wasn’t quite ready to do so.  The Rangers are in action on Monday against New Jersey so it’s possible that he returns then or they could opt to give him a few more days of rest over the break.  Miller has just six points in 30 games so far while sitting second in ice time among blueliners at over 21 minutes a night.
  • Oilers center Ryan Nugent-Hopkins was scratched tonight due to illness, notes Bob Stauffer of 880 CHED (Twitter link). The veteran had played in all 33 games before this one but is having a quiet year offensively, tallying six goals and a dozen assists.  For comparison, Nugent-Hopkins had 18 goals and 49 helpers in 80 games just last season.

Columbus Blue Jackets| Dallas Stars| Edmonton Oilers| New York Rangers| San Jose Sharks| Snapshots Daniil Tarasov| K'Andre Miller| Matt Dumba| Ryan Nugent-Hopkins| Vitek Vanecek

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Salary Cap Deep Dive: Vancouver Canucks

December 22, 2024 at 6:29 pm CDT | by Brian La Rose 4 Comments

Navigating the salary cap is one of the most important tasks for a front office.  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 often see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation for the 2024-25 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 PuckPedia.  We’re currently covering the Pacific Division, next up is the Canucks.

Vancouver Canucks

Current Cap Hit: $86,793,708 (under the $88MM Upper Limit)

Entry-Level Contracts

F Aatu Raty (one year, $837K)

Potential Bonuses
Raty: $32.5K

Raty was one of the key pieces acquired in the Bo Horvat swap but his opportunities at the NHL level have been relatively limited so far.  He has played in the bulk of Vancouver’s games thus far this season (which bodes well for his games played bonus) but strictly on the fourth line.  As a result, he’s heading for a short-term bridge deal, one that shouldn’t cost much more than this one.

Signed Through 2024-25, Non-Entry-Level

F Brock Boeser ($6.65MM, UFA)
D Erik Brannstrom ($900K, RFA)
D Derek Forbort ($1.5MM, UFA)
G Kevin Lankinen ($875K, UFA)
D Noah Juulsen ($775K, UFA)
F Pius Suter ($1.6MM, UFA)

Boeser seemed like a candidate for a longer-term deal a couple of years ago but wound up with what amounted to a second bridge contract.  That has worked out well for him as he had his best offensive performance last season and has started strong this year.  That should have him in line to add a couple million or so per year to his next deal, one that will be close to a max-term one this time around.  Suter didn’t have much success on the open market last time but basically produced at the same level last season as his first three years and is off to a better start this season.  He’s not the type of player who should be commanding a massive raise but a multi-year agreement with a price tag starting with three should be reachable.

Forbort received this deal in free agency in the summer and he was hoping to rebuild some value after a tough, injury-riddled year in Boston.  However, the early going this season has been tough and injury-riddled.  At this point, another drop in money might be coming his way while he’ll likely want another one-year deal.  Brannstrom was non-tendered by Ottawa over the summer and has already cleared waivers this season which doesn’t bode well for his situation.  His arbitration eligibility makes him a likely non-tender again but he could plausibly land a small raise to get back into seven figures.  Juulsen has largely been a seventh defender with Vancouver, a role he’d probably have with several other organizations.  Accordingly, teams will want him at or near the league minimum salary he’s currently making.

Lankinen didn’t get the type of contract he wanted early in free agency, resulting in him waiting it out.  That seven-figure deal didn’t come but he has been a terrific fit with the Canucks which should give hit market value a big boost if he can keep it up.  A jump back into the $2MM range might be an option for him but if he wants to stay in Vancouver, he will probably have to accept less than that.

Signed Through 2025-26

F Teddy Blueger ($1.8MM, UFA)
G Thatcher Demko ($5MM, UFA)
D Vincent Desharnais ($2MM, UFA)
F Conor Garland ($4.95MM, UFA)
F Danton Heinen ($2.25MM, UFA)
F Kiefer Sherwood ($1.5MM, UFA)
G Arturs Silovs ($850K, RFA)
D Carson Soucy ($3.25MM, UFA)

Garland has seemingly been on the trade block off and on for a couple of years now but overall, he has been relatively consistent with Vancouver.  Over the first three seasons of this contract, he has recorded at least 16 goals and 46 points while his maximums over that stretch are 20 and 52, respectively.  While they didn’t have much luck finding the right trade for him, his contract isn’t a significant overpayment by any stretch but the price tag and term remaining made it hard to move for full value.  While his smaller stature would work against him to a point on the open market, it’s quite possible that Garland is able to command a similar contract to this one next time out both in term and salary.

Heinen had to settle for a PTO a year ago but had more success in free agency back in July with this deal.  As long as he can provide some secondary scoring and hold a regular role in the middle six, they should do fine with it.  Blueger took a small pay cut in June to remain with Vancouver despite matching his career-high in points.  If he can hold that uptick in production, he could push past the $2MM mark on his next deal, a mark he reached at the end of his time with Pittsburgh.  Sherwood impressed in his first full NHL season last year, earning this deal in July.  He’s playing on the third line and is on pace to shatter the NHL record for hits in a single season.  We’ve seen players like this before command sizable deals on the open market so if he keeps this up, doubling this and then some is a realistic outcome.

Last year wasn’t a great one for Soucy who dealt with some injury trouble.  He’s a veteran fifth defender who can play up in a pinch but not contribute much offensively.  The market for those players is more stagnant so while it’s possible he could land another raise in 2026, it’s likely going to be of the marginal variety.  Desharnais only had one full NHL year under his belt as he reached free agency which likely limited his market to an extent.  He’s being deployed as more of a depth defender with Vancouver and if that holds, he’ll be hard-pressed to command much more than that with a lot of teams trying to keep the back-of-the-roster spots cheaper now.

Demko was the runner-up for the Vezina last season and it looked like a long-term deal with a sizable raise would soon be coming his way.  But the continued knee struggles dating back to the playoffs will hinder his market and likely take the types of deals that Jake Oettinger and Jeremy Swayman ($8.25MM) received off the table.  It wouldn’t be shocking for both sides to want a short-term agreement at a small raise to give Demko time to prove that he can fully get past the injury issue.  Silovs is the presumptive backup of the future after a solid run in the playoffs in relief of Demko although he’s off to a rough start this year.  If Silovs can do well in that role next season (assuming Lankinen moves on), doubling this price tag with arbitration rights could be the minimum increase.  But if he struggles or stays in a third role, he’ll stay around that price tag for his next deal.

Signed Through 2026-27

D Quinn Hughes ($7.85MM, UFA)
D Tyler Myers ($3MM, UFA)

Hughes skipped the bridge deal and went straight to this one, though it was two years shy of a max-term deal to help keep the cap hit lower.  While Vancouver is certainly benefitting from that now, Hughes will hit the open market at 27.  At that point, a max-term contract is all but a certainty considering he has emerged as a premier offensive blueliner.  That deal could plausibly come in around $11MM per season if he keeps this up.  Myers took a 50% cut from his last contract to remain with the Canucks for what should be a decent value deal for now as long as he can have some success on the second pairing.  That said, he’ll be 37 when this expires and will quite likely be going year to year from there at a lower rate than this, assuming he’s a little further down the depth chart at that time.

Read more

Signed Through 2027-28 Or Longer

F Jake DeBrusk ($5.5MM through 2030-31)
F Nils Hoglander ($1.1MM in 2024-25, $3MM from 2025-26 through 2027-28)
D Filip Hronek ($7.25MM through 2031-32)
F Dakota Joshua ($3.25MM through 2027-28)
F J.T. Miller ($8MM through 2029-30)
F Elias Pettersson ($11.6MM through 2031-32)

Pettersson would have been owed a qualifying offer of $8.82MM with salary arbitration rights back in the summer and could have easily elected to file for a hearing, get what he could get, and hit the open market at 26 with seven NHL seasons under his belt.  That leverage helped earn him this extension back in March, ensuring he’d remain with the Canucks for the long haul.  For the price they’re paying him, they’ll need him to produce at the 100-point level he reached in the 2022-23 season.  He didn’t get there last year and is at a lower rate so far this season.  Pettersson is a number one center on a lot of teams but this is a contract that puts him in the elite tier, one he hasn’t been able to stay in with much consistency just yet.

There are some justifiable questions about the sustainability of Miller’s deal, one that expires when he’s 37.  While he’s playing like a top-liner now (and has been for a few years), he might not be by the end of it.  That said, he’s providing a fair bit of surplus value in the early going of this agreement so Vancouver should wind up doing relatively well with it over the life of the contract.  DeBrusk received this deal in free agency back in July.  While he has notched 25 goals or more three times in his career, he also only cracked the 50-point mark once which makes this contract a bit of a potential overpayment although that’s also par for the course for most notable UFA agreements.

Joshua was a part-time player when he first joined the Canucks but quickly emerged as a reliable and physical bottom-six forward who can take a regular turn on the penalty kill and chip in with double-digit goals.  That helped earn him a substantial raise (he was at $825K before) as he’d have been one of the more sought-after role players had he made it to the open market.  Hoglander had a breakout year last season, notching 24 goals despite barely averaging 12 minutes a game of ice time.  The Canucks opted for the early extension, a decision that hasn’t worked out well so far, leading to some teams inquiring about his potential availability for a trade.  He’ll need to hover around the 20-goal mark per season if he’s going to beat his new price tag in his first trip through unrestricted free agency.

Buyouts

D Oliver Ekman-Larsson ($2.347MM in 2024-25, $4.767MM in 2025-26 and 2026-27, $2.127MM from 2027-28 through 2030-31)

Retained Salary Transactions

F Ilya Mikheyev ($712.5K through 2025-26)
D Tucker Poolman ($500K in 2024-25)

Best Value: (non-entry-level) Hughes
Worst Value: Pettersson

Looking Ahead

While the Canucks could have placed Demko on LTIR and gave themselves some early-season flexibility, they’ve elected not to do so in the hopes of banking enough cap space to make an addition at the trade deadline.  Now with Demko back and if they can stay relatively healthy for the next few months, they might be able to do just that.  That said, they’ll be hard-pressed to make a splash until closer to the March 7th deadline as they haven’t banked much space so far.

Looking to the offseason, Vancouver already has nearly $76MM in commitments for 2025-26 and a long-term deal for Boeser (or a similar replacement) will take up a big chunk of what they have to work with.  As a result, it won’t be easy for GM Patrik Allvin to make any other big moves until the 2026-27 offseason when a lot of contracts will come off the books, giving them some flexibility to try to reshape the roster if needed at that time.

Photos courtesy of USA Today Sports Images.

Pro Hockey Rumors Originals| Salary Cap Deep Dive 2024| Vancouver Canucks

4 comments

Atlantic Notes: Matthews, Bennett, Sabres

December 21, 2024 at 3:28 pm CDT | by Brian La Rose 4 Comments

The Maple Leafs will be without top center Auston Matthews tonight against the Islanders, reports Chris Johnston of TSN and The Athletic (Twitter link).  Matthews is believed to have re-aggravated the upper-body injury that kept him out for several games last month, one that continues to linger.  Despite playing at less than full health, Matthews has been quite productive when he has been in the lineup, notching 11 goals and 12 assists through 24 outings while averaging over 20 minutes a night for the sixth straight season.  Johnston adds that Matthews is listed as questionable for Monday’s contest against Winnipeg but with the break coming up after that, it might make more sense for them to shut Matthews down for that game and give him more time to heal.

More from the Atlantic:

  • Panthers center Sam Bennett won’t face any supplemental discipline for his hit last night against St. Louis winger Jake Neighbours, notes FanDuel Sports Network’s Andy Strickland (Twitter link). Bennett made his return to the lineup on Friday after missing a game with the flu.  He’s off to a solid start in his contract year, tallying 13 goals and 14 assists in 32 games, putting himself in good shape for a sizable raise from his current $4.425MM AAV.
  • While some have suggested that the Sabres were close to landing Carolina’s Martin Necas over the summer before the potential swap fell through, Mike Harrington of The Buffalo News suggests that wasn’t the case and things never got to the point where Necas had to consider the swap. Instead, a source tells Harrington that Calgary’s Yegor Sharangovich may have been someone that Buffalo was trying to land over the summer.  The 26-year-old had a breakout year last season with 31 goals and 59 points, earning a five-year, $28.75MM extension for his efforts although things haven’t gone well for him this year with just six goals and two helpers thus far.  GM Kevyn Adams indicated recently that he thought he had a significant trade done in the offseason that fell through and he declined to provide any specifics beyond that.

Buffalo Sabres| Florida Panthers| Toronto Maple Leafs Auston Matthews| Sam Bennett| Yegor Sharangovich

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