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Hurricanes Have A Decision To Make With Their Second Buyout Window

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On Monday, the Hurricanes avoided salary arbitration with restricted free agent Martin Necas, inking him to a two-year, $13MM contract.  He was their only player to file so with that case now settled, a short-term second buyout window has opened up.

As a refresher, teams get their second buyout window once a team’s arbitration cases have been resolved.  It opens up 72 hours after signing and lasts for 48 hours (meaning time is nearly up for Carolina to consider this).  The only contracts that can be bought out in this window are for players with cap hits higher than $4MM and the player had to have been on the team’s roster at the last trade deadline.

At first glance, the idea of using the window might not make much sense.  After all, they have $6.44MM in cap space, per PuckPedia, an amount that is higher than most teams.

However, it’s a misleading figure as they still have restricted free agent Seth Jarvis to re-sign; the winger wasn’t eligible for arbitration.  The 22-year-old is coming off a breakout year, one that saw him record 33 goals and 34 assists in 81 regular season games before adding nine more points in 11 playoff contests.  A first-round pick in 2020, it’s fair to say that the Hurricanes envision Jarvis as being a core piece of their long-term future.

Generally, Jarvis is the type of player that they’d like to sign to a max-term eight-year agreement, buying an additional four years of team control.  However, coming off the year he had, it’s quite likely that such an agreement would cost more than what they have in cap room.  For the price tag to come in around $6MM, it would likely need to be a three-year bridge agreement.  So if GM Eric Tulsky wants to sign Jarvis for that long, he’ll need to create some cap space.

One way to do that is in this second window where one potential candidate stands out, Jesperi Kotkaniemi.  He has not lived up to his third-overall draft billing and is coming off his most disappointing season, one that saw him notch 12 goals and 15 assists in 79 games while logging only 12:59 per game.  That’s not a great return on a $4.82MM AAV, especially when that contract runs through the 2029-30 season.

Typically, a buyout on that expensive and long of a contract would make no sense.  But because Kotkaniemi is only 24, the buyout cost is one one-third, not the standard two-thirds.  Accordingly, the buyout would break down as follows:

2024-25 to 2026-27: $835K per season
2027-28 to 2029-30: $455K per season
2030-31 to 2035-36: $835K per season

That means that a Kotkaniemi buyout would save the Hurricanes $3.985MM, bringing their cap space total to $10.425MM which is ample space to give Jarvis a max-term extension while giving them enough flexibility to afford a replacement roster player for Kotkaniemi.

Are there other ways to open up that cap space?  Of course; they could look to the trade market and try to find a way to shed salary that way.  And let’s face it, the prospect of paying Kotkaniemi until 2036 not to play for them is far from appealing.  Frankly, it would be a surprise if they went this route.  But if they want to work out a long-term deal with Jarvis and need to free up the money, this is one route they can go but only for a few more hours.

Free Agent Profile: Oliver Kylington

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Now more than a month into free agency, pretty much all of the top talents are off the board.  However, there are a handful of intriguing players still available, one of whom is defenseman Oliver Kylington.

It has been a series of ups and downs for the 27-year-old for the past three seasons, to put it lightly.  In 2021-22, he had a breakout year.  After showing flashes of upside in the past without much consistency, Kylington was able to put together a consistent showing, picking up 31 points in 73 games while logging over 18 minutes per night, good for fourth among Calgary blueliners.

While he improved, he also wasn’t progressing to the point of being a high-end piece, so Flames management saw fit to give Kylington what amounted to a second bridge contract, a two-year, $5MM agreement that walked him right to UFA eligibility.  It was a move that gave them a bit of cap flexibility while hedging against him taking a step back.  Meanwhile, had Kylington continued his progression, he’d have been well-positioned to cash in on the open market.

Of course, it didn’t quite happen that way.  Kylington missed the entire 2022-23 campaign for mental health reasons; that also carried over into last season before he eventually returned to the Flames in January.

Upon returning, Calgary understandably eased him in.  After averaging more than 18 minutes a night in his last season, it took him until the 13th game to reach that mark.  Overall, Kylington played in 33 games, notching three goals and five assists while logging 17:15 per contest.  Those numbers don’t exactly jump off the table which undoubtedly hurt his case heading into free agency.

Stats

2023-24: 33 GP, 3 G, 5 A, 8 PTS, -6, 12 PIMS, 17:15 ATOI, 48.7 CF%
Career: 201 GP, 17 G, 38 A, 55 PTS, +24, 52 PIMS, 15:39 ATOI, 50.7 CF%

Potential Suitors

The possible fits for Kylington come down to a couple of types of teams.  If he’s looking for playing time, trying to land with a weaker team that can give him a chance at being a fourth defender would be the way to go with the hopes of rebuilding some value.  Alternatively, he could elect to try to join more of a contending team and play more of a limited role but hope that being in a winning environment will help in the long run.

In the East, Pittsburgh currently has five regular defensemen before things turn to a variety of depth players and question marks.  Bringing in Kylington would at least give them a sixth proven option while they have ample cap space to fit him in.  Carolina has Alexander Nikishin coming but he’s still a year away.  Kylington could be a depth option that helps bridge the gap.  Meanwhile, the Rangers are currently set to have Zachary Jones on their third pairing.  If they’re not comfortable with that, Kylington could be a viable piece to fit on their third pairing.  However, he’d have to take a pay cut to fill that spot with New York being largely capped out.

Out West, San Jose has been adding some short-term veterans in an effort to improve their competitiveness and Kylington would at least raise the floor at the back of their blueline.  Over time, he could push his way into a bigger role as well.  If Ryan Suter’s addition in St. Louis wasn’t a hedge against Torey Krug’s injury, Kylington could serve as a depth replacement and injury insurance.  While a reunion in Calgary may seem unlikely at this point, there were extension discussions back in June so evidently, there was at least some mutual interest in a new deal with the Flames not that long ago.

Projected Contract

Kylington narrowly missed out on our Top 50 UFA list, checking in two spots below the cut-off.  Last month, the expectation was that Kylington was hoping to land a two-year deal a little above the $2.5MM AAV he had on his now-expired contract.  At this point, achieving both seems unlikely; a one-year agreement is now the likeliest outcome while there aren’t many viable options that can afford Kylington at that price point.  Something closer to the $1.5MM mark would give him some opportunities that otherwise might not come about.  That would be a disappointment based on his early expectations but at this stage of the game, few get the types of contracts they were originally seeking.

Photo courtesy of USA Today Sports Images.

KHL Notes: Blais, Barabanov, Miftakhov

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With NHL interest not being to his liking, it appears as if free agent winger Sammy Blais is considering options in the KHL, according to Metaratings’ Dmitry Levin.  The 28-year-old had a breakout showing in 2022-23, notching 25 points in 71 games, the bulk of which came after being reacquired by St. Louis; he had 20 points in 31 contests down the stretch that year.  However, Blais wasn’t able to carry over that success into last season as injuries and ineffectiveness limited him to just 53 games where he had only one goal and six assists along with 194 hits in 9:41 of action.  From a longer-term standpoint, the idea of Blais going overseas where he can play a bigger role and work on his offensive game makes some sense in the hopes of trying to get back to North America with a better market than he appears to have now.

Other KHL news:

  • Earlier this week, UFA winger Alexander Barabanov signed a two-year deal with Ak Bars Kazan but it wasn’t for a lack of NHL interest. His agent Yuri Nikolaev told AllHockey.ru that he had NHL options on the table but that they didn’t suit him.  Speculatively, that’s likely to mean that teams were coming in with low-cost offers (or even tryout agreements) following a rough year that saw him record just four goals and nine assists in 46 games with San Jose, well below the 47 points in 68 games he put up in 2022-23.
  • Former Tampa Bay goalie prospect Amir Miftakhov wasn’t a fan of playing in the AHL early in his career, which eventually led to a mutual contract termination. However, he might be open to a change of heart, telling AllHockey.ru that he would be ready to play in the AHL moving forward.  The 24-year-old was limited to just nine KHL appearances last season but has a 2.20 GAA and a .919 SV% over five years at that level.  He’s under contract with Ak Bars Kazan through the upcoming season but if he’s still willing to go to the AHL when free agency opens up, he’ll likely garner some NHL interest at that time.

No Extension Talks Planned For Stars And Evgenii Dadonov

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Veteran winger Evgenii Dadonov proved to be a valuable addition for the Stars at the 2022 trade deadline, adding another offensive threat to a deep roster.  He made a good enough impression to land a two-year, $4.5MM extension a few days before free agency opened up last year.

As he’s now in the final year of that agreement, Dadonov is now technically extension-eligible.  However, it doesn’t appear as if he’s interested in holding any extension talks, telling Sport-Express’ Mikhail Skryl that he wants to wait and see what happens after the season.

The 35-year-old wasn’t quite as impactful offensively as he was when he was first acquired.  He missed 31 games due to a lower-body injury; his 51 games played were his lowest since the 2011-12 campaign.  Nevertheless, Dadonov was still a capable secondary contributor, notching 12 goals and 11 assists while logging a little over 13 minutes a night in what was a largely bottom-six role.  He chipped in with seven points in 19 playoff appearances before Dallas was eliminated in the Western Conference Final.

At this point, it’s likely that Dadonov will be deployed in a similar role in 2024-25 with the Stars returning the bulk of their forward group from the playoffs.  Accordingly, he could be in line for more limited playing time once again compared to what he played with Florida, Ottawa, and Vegas in recent years.

To that end, Dadonov didn’t rule out the possibility of returning to Russia after this coming season.  Going back overseas is something he’s already done once as he left for the KHL in 2012, only returning in 2017.  Finishing up his career back home in a role he’s more accustomed to could certainly be tempting.  At this point, Dadonov would only say that he expects to field both NHL and KHL interest next summer but it appears the prospect of leaving the NHL is already on his mind.

Slow-Developing Trade Market For Patrik Laine

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Late last month, Blue Jackets winger Patrik Laine exited the NHL/NHLPA Player Assistance Program which allows for there to be contact between Laine and Columbus.  With a known desire for a change of scenery, the team has granted permission for the winger to talk to other teams as well.

However, there hasn’t been much interest in Laine’s services just yet.  GM Don Waddell told Brian Hedger of the Columbus Dispatch earlier this week that at this point, only one team has contacted him to express interest in acquiring his services.  Given where we are in the offseason, Waddell isn’t particularly surprised nor does he expect the situation to change in the near future:

At this time of the year, people are less responsive. So, I don’t really know. I think it’s going to play out for a while.

Laine’s situation is well-known at this point.  He played in just 18 games last season before being shut down due to shoulder surgery in December; he entered the assistance program a little more than a month after that.

The 26-year-old has been a high-end scoring threat in the past and is only two years removed from recording 56 points in as many games; he came close to the point-per-game mark in an injury-marred 2022-23 campaign as well.  However, Laine struggled in his limited action last season, notching just six goals and three assists.  Suffice it to say, this isn’t a situation where Columbus could be trading him at peak value.

Further complicating things is his contract, one which carries an AAV of $8.7MM for the next two years while his actual cash payout each year is $9.1MM (though $2MM of that has likely already been paid in the form of a signing bonus for this year).  Very few teams have that much cap space to absorb the contract outright.  Waddell has indicated his preference would be to make more of a pure ‘hockey trade’ but that might be hard to come by at this point.  To that end, the GM acknowledged that some retention might be required to ultimately push a move over the finish line:

We might end up eating some money. If I wanted to eat half, I could’ve traded him by now, but that’s not my first choice.

With rookie camps about six weeks away, executives will likely try to take some time away before getting ready for training camps.  Based on the tepid interest thus far, there’s a good chance that’s already the case.  As a result, while Laine is now free to speak to potentially interested teams, it looks as if it will take some time for a potential market to materialize.

Minor Transactions: 8/1/24

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The calendar has flipped to August where transaction activity (at least outside the KHL) will slow down even more.  However, there have been some recent moves with an NHL connection; we’ll run those down here.

  • Edmonton’s AHL affiliate was busy today, signing four players, goaltender Brett Brochu, defensemen Darren Brady and Tyler Inamoto, and forward Alex Swetlikoff. Brochu posted a .920 SV% in 20 ECHL games last season while Brady had 21 points in 50 ECHL contests.  As for Inamoto, he was limited to just 16 games in 2023-24 between the AHL and ECHL due to injury, spending time in Los Angeles’ system.  Swetlikoff spent the last two years in Vegas’ system, primarily in the ECHL but he did have three goals in 19 AHL contests last season.
  • Vancouver’s AHL team in Abbotsford recently made a trio of signings, announcing that they’ve signed forward Cooper Walker to a one-year extension while adding forwards Lee Lapid and Ben Berard on one-year deals. Walker spent most of last season with ECHL Kalamazoo but did get into 13 AHL appearances, picking up a goal.  Lapid also spent the bulk of last year in the ECHL but also spent time in Finland with SaiPa, collecting a pair of tallies in 14 games.  Berard, meanwhile, had a limited role with AHL Texas last season, notching four points in 30 contests.
  • Maple Leafs prospect Miroslav Holinka has committed to WHL Edmonton for the upcoming season, per an announcement from the Oil Kings. The 18-year-old was a fifth-round pick at the draft in June, going 151st overall while he was selected 14th overall in the CHL Import Draft a few days later.  Holinka spent last season in Trinec in Czechia, splitting time between the Extraliga and junior levels.  At the top level, he had three points in 16 games while adding 41 more in 29 junior contests.
  • Originally expected to go to Providence College for the 2025-26 season, Canadiens prospect Logan Sawyer has had a change of heart and will play there next season, relays Mark Divver of the New England Hockey Journal (Twitter link). The 18-year-old was the 78th overall pick in June after a good showing with Brooks of the AJHL and BCHL (the franchise changed leagues midseason), combining for 78 points in 59 games.

Denis Gurianov Signs Two-Year Deal In Russia

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August 1: The KHL’s rush of transactions today continues. Gurianov’s two-year deal with CSKA was cemented today, per the league.

July 4: Not long ago, it looked as if Denis Gurianov was set to be a key secondary contributor for Dallas.  However, he has struggled considerably for the last couple of years and it appears he’s opting for a change of scenery as Alexander Balabanov of Sport-Express reports that the winger is expected to sign a two-year deal with CSKA Moscow of the KHL.  Back in April, it was reported that this was the likely outcome for the unrestricted free agent.

The 27-year-old was a first-round pick back in 2015 and while he didn’t become a consistent top-six option for the Stars, he put up a 20-goal season and averaged 30 points between 2019-20 and 2021-22, earning himself a couple of $2.9MM paydays in the process.  But he struggled in 2022-23, eventually being moved to Montreal who elected to non-tender him that summer.

Last year, Gurianov didn’t have a great market in free agency, waiting ten days before securing a one-year, $850K deal with Nashville.  Things didn’t go well there either as he cleared waivers at the end of training camp, playing in 27 games with AHL Milwaukee where he had 30 points.  That earned him a promotion in January but he played sparingly with Nashville for two months before being traded to Philadelphia where he played even less down the stretch.  All told, he finished up the campaign with just 18 NHL appearances where he had one goal and one assist.

With a market that doesn’t appear to be materializing for him in North America, it would make sense for him to return to Russia where he’d have a chance to play a prominent role much closer to home.  Assuming a deal is finalized, Gurianov will depart the NHL with 298 career appearances where he put up 52 goals and 61 assists.

Ruslan Iskhakov Signs Two-Year Deal With CSKA

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August 1: Iskhakov has signed a two-year deal with CSKA, the team announced on Telegram on Thursday. His NHL signing rights will still belong to the Islanders when his KHL contract expires in 2026.

July 6: After making his NHL debut late in the season and even getting into a playoff game, it seemed reasonable to think that winger Ruslan Iskhakov was in the Islanders’ plans for next season, at least as a player who could be called up early when injuries struck.  However, it doesn’t appear as if that will be an option as Championat’s Dmitry Storozhev relays that Iskhakov is one of six players expected to sign with CSKA Moscow of the KHL in the coming days.

The 23-year-old was a second-round pick (43rd overall) of the Isles back in 2018 despite being one of the smallest players in that draft class, coming in at just 5’7.  He spent two years at the University of Connecticut before turning pro, spending time in both Finland and Germany before coming back to North America for the 2022-23 campaign.

In his two seasons with AHL Bridgeport, Iskhakov was one of their most consistent scoring threats.  He finished third in rookie scoring in 2022-23 with 51 points in 69 games and nearly duplicated that last season, tallying 50 points in 69 games while adding an assist in his lone regular season appearance with New York.

That was enough for the Islanders to tender him a two-way qualifying offer last month worth a little under $814K at the NHL level.  However, it appears that Iskhakov will eschew that to return home where he hasn’t played since before being drafted.

Worth noting is that CSKA Moscow is under sanctions from the IIHF regarding their handling of Flyers goaltender Ivan Fedotov, including a two-year ban on transfers.  However, Storozhev notes that the State Duma adopted a bill that allows leagues to approve regulations regardless of international federations, effectively bypassing the IIHF sanctions which will allow Iskhakov and others to join CSKA in the near future once the bill is signed into law.

Five Key Stories: 7/22/24 – 7/28/24

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We’re now in the arbitration period which resulted in several players inking deals to avoid going to a hearing.  Those contracts are included in our key stories from the past seven days.

Five For Luukkonen: Of the players who reached a contract before their arbitration hearings, all took a short-term deal except for one, Sabres goaltender Ukko-Pekka Luukkonen.  Following a career year, the 25-year-old agreed to a five-year, $23.75MM contract with Buffalo.  The deal gives Buffalo an additional three seasons of club control and also contains a five-team no-trade list in those final three years, the only ones he was eligible for trade protection.  Luukkonen posted a 2.57 GAA with a .910 SV% in a career-best 54 games last season, showing the potential of a full-fledged starter.  If he can play at that level for this contract, it should be a team-friendly deal while allowing the Sabres to be patient in bringing Devon Levi along.

More Arbitration Moves: Several other players avoided arbitration this week.  First, Buffalo signed newly acquired winger Beck Malenstyn to a two-year, $2.7MM agreement.  The 26-year-old played his first full NHL campaign last season, notching 21 points and 241 hits in 81 games with Washington.  Toronto then reached an agreement on a one-year, $1.18MM deal with center Connor Dewar.  The Maple Leafs acquired the 25-year-old at the trade deadline from Minnesota; Dewar had a career-best 11 goals and 19 points last season.  The other player to settle before a hearing was Islanders winger Oliver Wahlstrom, who worked out a one-year, $1MM agreement although his future in New York remains in question following a tough year that saw him record just two goals and four assists in 32 games.  Meanwhile, one case went to a hearing with Nashville blueliner Spencer Stastney receiving a two-year, $1.675MM award; the agreement is two-way next season before converting to a one-way deal for 2025.  Stastney had four points in 20 games with the Predators last season.

Konecny Extension: The Flyers will have their leading scorer for the long haul as they worked out an eight-year, $70MM extension with winger Travis Konecny.  The deal begins in the 2025-26 season and runs through the 2032-33 campaign.  The 27-year-old averaged just over a point per game in 60 appearances in 2022-23 and then followed that up with new career highs in goals (33) and points (68) in 76 games last season, giving him some leverage entering negotiations.  While Philadelphia is still navigating its way through a rebuild, GM Daniel Briere determined that he wanted some core veterans to help lead them through it and Konecny will do just that with this contract as he comes off the 2025 UFA list.

Oilers Hire Bowman: After it was revealed following the playoffs that Ken Holland would not return as GM in Edmonton, CEO Jeff Jackson took the team through free agency but made it clear that he didn’t want the full-time GM job.  After a long search, the Oilers found Holland’s replacement, naming Stan Bowman as their new GM.  Bowman served as the GM in Chicago for a little more than a decade with the Blackhawks winning three Stanley Cup titles in his tenure.  He resigned in 2021 following an independent report that concluded Bowman had an “inadequate response upon being informed in 2010 of allegations that Blackhawks’ Player, Kyle Beach, had been assaulted by the Club’s video coach”.  At that time, he was ruled ineligible to work in the NHL but that eligibility was reinstated last month.

Busy Blue Jackets: It was a busy week in Columbus.  First, they hired Dean Evason as their new head coach, replacing Pascal Vincent who was let go last month.  It’s the second NHL head coaching stint for the 59-year-old who spent parts of five years in Minnesota with his teams playing to a .639 points percentage.  Next, they learned that winger Patrik Laine has been cleared to exit the NHL/NHLPA Player Assistance Program.  Laine entered the program in February while recovering from clavicle/shoulder surgery back in December and has made it known that he’d like a change of scenery.  GM Don Waddell indicated that teams were interested in speaking with Laine but that couldn’t happen until he exited the program.  Now that he has, trade discussions surrounding the 26-year-old could soon pick up.

Meanwhile, the Blue Jackets were also busy on the contract front.  They re-signed Kent Johnson to a three-year, $5.4MM contract following a rough season that saw him limited to 16 points in 42 games while also spending time in the minors.  However, only one year removed from a 40-point campaign, this deal could become a team-friendly one fairly quickly.  One day later, they avoided arbitration with Kirill Marchenko, agreeing on a three-year, $11.85MM contract.  The 24-year-old has eclipsed the 20-goal mark in his first two NHL seasons, earning him a nice raise off his entry-level deal.  Both players will be restricted free agents with arbitration rights in 2027.

Photo courtesy of USA Today Sports Images.

International Notes: Malkin, Gusev, Sustr, Maillet, Kiselevich, O’Regan

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While Evgeni Malkin won’t be leaving the NHL anytime soon, he is thinking ahead to his next deal, telling TASS in Russia that he’d like to play at least one season with Metallurg Magnitogorsk before calling it a career.  The 37-year-old has played in that organization twice so far, first at the beginning of his career before being drafted by Pittsburgh while also suiting up for them back in 2012-13 during the lockout where he finished third in KHL scoring despite missing 15 games.  Malkin enters 2024-25 sitting 37th in all-time NHL points and with him having two years left on his contract with the Penguins, he will be moving up that list fairly quickly before potentially wrapping up his career back home.

Other international notes with an NHL connection:

  • While veteran free agent Nikita Gusev was hoping to return to the NHL next season, it doesn’t appear that will be the case. Sport-Express’ Mikhail Zislis relays that the 32-year-old is expected to return to Russia in the coming days and re-sign with Dynamo Moscow in the KHL.  Gusev last played in the NHL back in 2020-21 with New Jersey and Florida but was a dominant performer last season in Russia, leading the KHL in scoring with 89 points in 68 games, fueling the hope that he could return to the top level but it doesn’t appear that will happen.
  • Veteran defenseman Andrej Sustr has elected to return home, inking a contract with HC Dynamo, per a team release. The 33-year-old is a veteran of more than 400 NHL games between the regular season and playoffs but hasn’t seen action at the top level since the 2021-22 campaign.  Last season, Sustr played with Kolner Haie in Germany, recording 20 points in 44 games.
  • Unrestricted free agent center Philippe Maillet has signed a one-year deal with HC Ambri-Piotta in Switzerland, per a team release. The 31-year-old returned to North America last summer after spending two years in Russia but spent all of last season in the AHL with Laval where he had 53 points in 67 games.  Maillet has two career NHL appearances under his belt with Washington back in 2020-21.
  • Former Florida blueliner Bogdan Kiselevich is on the move in Russia as Neftekhimik Nizhnekamsk announced that they’ve signed him to a contract for next season. Kiselevich played in 32 games with the Panthers back in 2018-19 but returned to the KHL the following season, signing with CSKA Moscow.  The 34-year-old spent last season with Avangard Omsk, recording eight assists in 60 games.
  • Danny O’Regan is off to the KHL as Kunlun announced (Twitter link) that they’ve signed the veteran to a one-year deal. O’Regan has 30 career NHL appearances over parts of four years but after spending all of 2022-23 in the minors, he opted to head overseas.  The 30-year-old spent last season in Sweden with MoDo, picking up four goals and eight assists in 34 games.

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