New York Rangers Extend Sammy Blais
While the Montreal Canadiens and Vegas Golden Knights make major trades, the New York Rangers have been content to spend their early offseason getting some smaller business done first. A few days ago, the Rangers signed prospect Vitali Kravtsov to a one-year extension, and now they have reached another one-year extension with one of their players. Per CapFriendly, the Rangers have signed forward Sammy Blais, who was a pending restricted free agent, to a one-year, $1.525MM extension. The deal comes in just below what Blais’ qualifying offer was set to be.
Blais, 25, receives his next contract at a lower mark than his qualifying offer, likely because he only got into 14 games this season. After being acquired from the St. Louis Blues as part of the Pavel Buchnevich trade, Blais entered the Rangers lineup and played with his trademark physical, crash-and-bang style. The six-foot-two, 210-pound winger registered four assists on almost 13 minutes of ice time per game before going down with a torn ACL, an injury that ended his season. Blais hasn’t been able to cement himself as a true NHL regular, although his injuries have definitely played a role in that. With this one-year deal, Blais gets an opportunity to finally prove he is an everyday player on a strong Rangers team.
This extension makes Blais a pending unrestricted free agent entering next year, heightening the importance of next season for the player. For the team, getting Blais at a number just below his qualifying offer is a nice early step in the Rangers’ offseason. With major contracts for Mika Zibanejad and Adam Fox set to kick in, there will be some belt-tightening this offseason in New York. The Rangers have several crucial players set to hit either unrestricted or restricted free agency, including Ryan Strome, Andrew Copp, and Kaapo Kakko. Getting as much certainty on free agents lower on New York’s depth chart, like Blais and Kravtsov, should help GM Chris Drury enter the more high-stakes summer negotiations with a clearer sense of his team’s cap position.
Vegas Golden Knights Acquire Shea Weber
On the day that the Vegas Golden Knights introduced their new head coach to their fans, they also completed a major trade. The Montreal Canadiens and Golden Knights have each announced a deal: Shea Weber for Evgenii Dadonov. The Athletic’s Pierre LeBrun confirmed that neither player is being traded with salary retained.
While this trade is a one-for-one deal, it’s anything but simple. Weber, the Canadiens’ captain, is effectively retired due to his injuries and is not expected to ever suit up for another NHL game. One might wonder, then, why the Golden Knights would be interested in acquiring him. But the motivation for the Golden Knights is simple: because Weber is expected to stay on long-term injured reserve for the remainder of the four years left on his contract, his $7.8MM cap hit for each of those years effectively does not count against Vegas’ cap. LTIR is quite a bit more complicated than that in reality, but in easily explainable terms that’s basically what will happen.
So, the Golden Knights rid themselves of Dadonov’s $5MM cap hit, a deal they already attempted to trade at the deadline, in exchange for Weber’s contract that must be placed on LTIR. Teams using LTIR cannot accumulate cap space over the course of a season, meaning the Golden Knights will be harder-pressed to go on a trade deadline spending spree like the New York Rangers were able to do this year thanks to their stockpile of accumulated cap space. But given Vegas’ aggressive use of LTIR in the past it’s likely the team is making this deal assuming they would be using LTIR already, regardless of Weber’s presence.
With all that explained, this trade helps Vegas alleviate the cap crunch that had the potential to wreck their offseason. We previously covered how the Golden Knights were actually above the salary cap, and urgently needed to find a way to clear space. With this trade, the Golden Knights commit themselves to being an “LTIR team” for the remainder of Weber’s contract in order to rid themselves of Dadonov’s cap hit without needing to trade any picks or prospects.
For the Canadiens, GM Kent Hughes had already expressed an interest in moving Weber’s deal, indicating that they were close to a deal with the Arizona Coyotes at the deadline. The Coyotes ended up acquiring Bryan Little‘s contract instead, nixing the possibility of that trade. Now, Hughes has found another avenue to trade Weber’s contract, and instead of needing to trade prospects or draft picks like the Jets needed to trade Little to Arizona, the Canadiens simply needed to take on Dadonov’s unwanted cap hit to facilitate the deal.
In Dadonov, the Canadiens acquire a player with one year left on his contract at a $5MM cap hit. Dadonov was one of Vegas’ better players last year, riding a scorching final two months of the season to a 20-goal, 43-point campaign. The Canadiens could definitely opt to play Dadonov next year to help their scoring, but it’s also possible that their front office chooses to dangle Dadonov to other teams looking for a scorer. Of course, if Dadonov could be easily dealt for a quality return, the Golden Knights would likely have done that themselves. But the Canadiens do have the option to retain 50% of Dadonov’s deal to make him a more attractive asset, something the Golden Knights would likely not have been able to do.
In a world where many look to find a “winner” and a “loser” of every trade, this deal looks like one that should reasonably benefit both sides. The Golden Knights get something they desperately desire: cap relief, and at a cost that does not siphon even more assets from their depleted stock of draft picks and prospects. The Canadiens, depending on the health of Carey Price, of course, make it so they no longer need to utilize LTIR to remain cap compliant, and they add a player who can help their forward corps for the one year remaining on his deal.
Photo courtesy of USA Today Sports Images
Free Agent Focus: San Jose Sharks
Free agency is now less than six weeks away and many teams are already looking ahead to when it opens up. There will be several prominent players set to hit the open market in mid-July while many teams have key restricted free agents to re-sign as well. Next up is a look at the Sharks.
Key Restricted Free Agents
- G Kaapo Kahkonen – Kahkonen was acquired from the Minnesota Wild at the trade deadline as part of the Jacob Middleton trade, and Kahkonen performed reasonably well as he began to take on a more prominent role late in the Sharks’ season. Kahkonen finished with ten starts in San Jose and posted a .916 save percentage. When combined with his 23 starts as a member of the Minnesota Wild, Kahkonen’s overall 2021-22 save percentage is .912, an encouraging mark for a goalie not set to turn 26 until the middle of August. The Sharks will have to make a decision this offseason, as once Kahkonen is re-signed they will have three NHL-caliber goalies under contract (Kahkonen, Adin Hill, and James Reimer), and are unlikely to spend a full season with a three-goalie group.
As for Kahkonen’s next contract, he does have arbitration rights as an RFA meaning he has at least some negotiation power in deciding his future. A bridge deal at around $2MM-3MM could make sense, although there is an interesting contract comparable that could prove troublesome if the Sharks want to retain Kahkonen on the cheap. Los Angeles Kings goalie Calvin Petersen, in a similar RFA situation to Kahkonen, at a similar age, inked a three-year deal with the Kings at a $5MM AAV. Petersen’s numbers compared to Kahkonen’s are similar: when he signed his contract, Petersen was coming off of a season where he had a .911 save percentage and 2.89 goals-against average in 32 starts, while Kahkonen enters his time as an RFA with a .912/2.87 in 33 starts. They’re basically identical numbers, the only major difference being that Petersen started 32 games in the shortened 2020-21 season, so his marks represented a larger share of the available games for a goalie to play. Given the similarity in his numbers, Kahkonen could reasonably demand a similar contract to Petersen and therefore likely make negotiations more difficult for the Sharks.
- F Noah Gregor – Gregor has been a solid find for the Sharks as a 2016 fourth-round pick, developing from his time as a star in the WHL into the reliable two-way forward he was this past season. Gregor played sound two-way hockey and became a more and more trusted weapon of coach Bob Boughner, finishing the season with just under 15 minutes of average time on ice. Gregor didn’t overwhelm with his production, but his eight goals and 23 points in 63 games is decent enough, and his strong scoring at the AHL level indicates he may have some more offense to come as he gets more comfortable against NHL competition. While long-term deals for players with limited NHL experience are becoming more commonplace (Vegas Golden Knights defenseman Zach Whitecloud, as an example, got a long-term $2.75MM AAV deal and had less than a full season of NHL experience) a short-term bridge deal is the likeliest outcome for Gregor. Gregor worked on a $750k cap hit this year, so expect a raise but nothing major as Gregor doesn’t yet have arbitration rights, and the Sharks will be hard-pressed for cap space.
- D Mario Ferraro – Ferraro has become an increasingly important defenseman in San Jose and just finished a season where he averaged 23 minutes of time on ice per game. His offense isn’t anything to write home about – just 14 points in 63 games – but it’s his leadership, physicality, and overall defensive game that makes him such a valued part of the Sharks lineup. There is some debate over Ferraro’s true overall skill level, and if his time-on-ice is truly reflective of his value, but it’s clear the Sharks rate him highly and that’s ultimately all that matters in contract negotiations. The Sharks could opt for a long-term deal with Ferraro, but since they figure to have some cap troubles and are intent on competing in the near future, a bridge deal seems more likely.
Other RFA’s: Jonathan Dahlen, Alexander Chmelevski, Jonah Gadjovich, John Leonard, Nicolas Meloche, Joachim Blichfeld, Zachary Gallant, Jacob McGrew, Antoine Morand, Brinson Pasichnuk, Zach Sawchenko
Key Unrestricted Free Agents
The Sharks’ only unrestricted free agents of any consequence are Anthony Bitetto, Ryan Dzingel, and Alex Stalock, three players who combined to play seven total games for the Sharks this past season. While Bitetto, Dzingel, and Stalock are all NHL veterans, they do not figure to play a major role in San Jose moving forward even if re-signed.
Projected Cap Space
This is where things get dicey for San Jose. The Sharks are currently projected to have just $5.67MM in cap room to start this offseason, and since they have NHL-caliber RFA’s to re-sign in Ferraro, Dahlen, Kahkonen, and Gregor, as well as an intention of improving their roster significantly, that’s just not enough space to make the moves their next GM will likely want to make. Big contracts for players such as Erik Karlsson, Brent Burns, Logan Couture, and Marc-Edouard Vlasic mean that finding the necessary wiggle room will take immense creativity, and their precarious cap position is further complicated by the uncertainty of the Evander Kane situation, as the deliberations over the grievance he filed have not yet been concluded. A buyout for Vlasic, a trade of one of the highly-paid players, or even dealing one of the players on a moderate deal such as Reimer would go a long way to creating room for San Jose to operate. Whatever path they choose, it’s clear they will have to do something in order to create the necessary breathing room under the salary cap they need to return to contention.
Photos courtesy of USA Today Sports Images. Contract information courtesy of CapFriendly.
West Notes: Kempe, Kuzmenko, Wild Prospects
There are some players who make solid, reasonable improvements in platform years before they need new contracts. Then there are players like Adrian Kempe. In the final year of his $2MM AAV bridge contract, Kempe smashed his career highs in offensive production. Kempe led the Kings with 35 goals and added on 19 assists, finishing with 54 points which was good for second on the team behind linemate Anze Kopitar. Kempe showed that the improved offensive form he flashed in 2020-21, when he had 14 goals and 29 points in 56 games (20-goal, 42-point pace) was not a fluke. Before that point, Kempe had been typically seen as someone capable of scoring around 15 goals and 30 points a season, so his 35-goal outburst was extremely impressive.
It also has likely made him quite a bit of money. Kempe is an arbitration-eligible restricted free agent and is close to unrestricted free agency. Kempe has communicated a desire to stay in Los Angeles, saying definitively in his post-season press conference that he would like to sign a long-term deal with the Kings. The conflict, then, comes in terms of finding exactly what that long-term deal will look like. The Athletic’s Lisa Dillman reports (subscription link) that the Kings and Kempe’s representation have had “early discussions” but “nothing substantial” in the way of negotiations on a new Kempe contract. As a newly-minted 35-goal-scorer, Kempe’s deal could now cost over $5MM per year, and Dillman pointed to St. Louis Blues forward Pavel Buchnevich and his five-year, $5.8MM contract as a comparable for Kempe. There is always the risk that paying based off of Kempe’s one breakout year burns the Kings if Kempe reverts back to his prior production, but on the flip side there’s also the risk that another year of strong production drives Kempe’s price up even more. With the Kings eager to improve upon a season where they made the playoffs for the first time under coach Todd McLellan, getting Kempe locked into a long-term deal should be a priority for this summer.
Now, for some other notes regarding the league’s Western-Conference teams:
- KHL forward Andrei Kuzmenko‘s decision on where to sign for next season has been a bit of a drawn-out process, with interviews and multiple weeks of engaging NHL suitors in negotiations. With that said, though, Kuzmenko’s decision is one that will have major consequences for his career, so he has every right to take as long as he needs to make the decision that’s best for him. Even so, we could be nearing the end of the process. TSN’s Darren Dreger reports that Kuzmenko is interviewing with both the Edmonton Oilers and Vancouver Canucks this week, along with two “U.S.-based” teams. Dreger adds that Kuzmenko is “hoping” to make his decision in the next ten days. Kuzmenko was brilliant for SKA St. Petersburg this season, scoring 53 points in 45 games. Some believe that Kuzmenko will step into the NHL and become an instant top-six scoring forward, meaning Kuzmenko’s decision process has some real stakes attached.
- The Minnesota Wild announced today that they will play two games against the Chicago Blackhawks in this year’s Tom Kurvers Prospect Showcase. The games will be on September 17th and 18th in Chicago, and the team says that rosters and additional information will be made available at a later date. The Wild have the third-ranked prospect pool in the NHL, per The Athletic’s Scott Wheeler (subscription link), so those two dates are definitely ones to circle on the calendar for fans of the Wild, Blackhawks, and prospects in general.
Buffalo Sabres Sign Filip Cederqvist
Today’s newest move isn’t an extension, like the three that have already been announced, but a prospect signing. The Buffalo Sabres have announced that they have signed prospect forward Filip Cederqvist to a two-year entry-level contract.
Cederqvist, who turns 22 in August, was the Sabres’ fifth-round pick in 2019. He was a bright spot in an otherwise dark season for Djurgardens in the SHL, scoring 14 goals and 32 points in 49 games, which was good for second on the team behind former NHL-er Marcus Sorensen. Cederqvist’s impressive 2021-2022 season comes off the back of a strong 2020-2021 campaign, where he scored nine goals and 36 points in 51 games for Tingsryds AIF in the second-tier HockeyAllsvenskan.
Cederqvist will join the Sabres this fall with the hope of winning a spot on their opening-night lineup. The newly-changed NHL-SHL agreement stipulates that prospects drafted outside of the first round have to be older than 24 to be sent to the AHL, so Djurgardens being relegated from the SHL might actually end up being a positive for Cederqvist. The Buffalo News’ Lance Lysowski reports that Cederqvist will be eligible to play for Rochester next season. So Cederqvist will in all likelihood join Rochester later this year with the hopes of continuing the development he’s shown for the past two seasons, with his eye on ultimately making the NHL roster in Buffalo.
Edmonton Oilers Extend Brad Malone
Add another signing to the list of moves for today. The Edmonton Oilers have announced that they have re-signed forward Brad Malone to a two-year, two-way contract. Per David Pagnotta of The Fourth Period, the deal carries a $762k cap hit.
Malone, 33, has been in the Oilers’ organization for the past five seasons and has been a reliable depth contributor there. He’s at his best at the AHL level, where he has hovered near the top of the Bakersfield Condors’ scoring leaders. Oilers coach Jay Woodcroft has seen Malone closely from his time coaching in Bakersfield, and Malone has been one of the coach’s most trusted players. When Kailer Yamamoto‘s injury opened a hole in the Oilers’ lineup, the pressure of being in the Western Conference Final did not deter Woodcroft from putting Malone in the lineup. Malone played mostly on the penalty kill, and it’s the combination of reliability and leadership that he brings to the Oilers organization that’s earned him this extension.
Malone has served as the captain of the Bakersfield Condors for the past two seasons, helping prized prospects such as Dylan Holloway and Raphael Lavoie make smooth transitions to the professional game. The Oilers want Malone to be among Condors’ most important forwards as well as provide safe, competent bottom-six play as an injury fill-in at the NHL level, and they’re signing this extension with the belief that Malone can continue to be exactly that.
Dallas Stars Extend Nicholas Caamano
Now that all but two NHL clubs have begun their offseasons, more and more teams are getting their summer work done early. Earlier today the Predators extended their mid-season trade acquisition, Jeremy Lauzon, and now their central division rival, the Dallas Stars, have also announced an extension, theirs for depth winger Nicholas Caamano. The extension is a one-year, two-way contract.
The exact financial terms of the contract have not yet been revealed but Caamano, who was set to be a restricted free agent, was due for a qualifying offer of $787,500, so it’s likely that the number for this contract is around there.
Caamano, 23, was drafted in the fifth round in 2016 and has developed nicely since that point. He’s a big winger standing at six-foot-three, 200 pounds, and plays a bit faster than his size would indicate. While there’s not a ton of offense to his game, and he had only one point in 24 NHL games last season to go along with 14 points in 47 AHL games this year, his style is definitely one that plays better in a bottom-six role regardless of if he’s playing in Dallas or Cedar Park. That is why, despite the lack of production in his time as a professional, the Stars deemed him worth keeping around for next season.
Caamano did flash some offensive upside in his final two seasons of junior hockey, where he had 121 points in 131 games. Also, his 23 points in 36 games at the AHL level in 2019-20 indicates that he might have just a little bit more scoring ability than he’s shown so far. NHL teams are always looking for players who are Caamano’s size and can score, so signing this one-year extension offers Caamano an (admittedly long-shot) opportunity to prove he can become what so many teams desire and give more to his team than just his grit and physicality.
Latest On Duncan Keith, Mike Smith
We previously covered how Mike Smith told the media that he was undecided on playing next season, and we also don’t have full confirmation on whether defenseman Duncan Keith will return next season. What we do now know, though, is that the Edmonton Oilers front office would prefer to have both players’ decisions on their respective futures confirmed by July 1st. According to Elliotte Friedman of Sportsnet, the Oilers “have asked Mike Smith and Duncan Keith to let them know by around July 1st if they do plan on returning next year.”
It’s understandable that the Oilers would want confirmation on the two players’ futures before the offseason market begins in earnest. With Smith, if the team has uncertainty over whether he will be available next season, the Oilers’ entire goaltending situation becomes uncertain, and the team’s ability to pursue other starting goaltenders could be compromised. Additionally, as teams potentially scramble to make trades similar to the recent Ben Bishop deal in order to get out of LTIR, a potential Smith retirement via LTIR could complicate the Oilers’ search for additional cap room. With Keith, the team would prefer certainty about his overall future due to the immense cap implications of whatever decision he chooses to make. Per Puckpedia, if Keith retires this summer, not only is Keith’s full $5.5MM cap hit taken off their books but the Oilers are also actually given a $3.4MM cap recapture credit to facilitate even more moves. That sort of major cap space clearance could be exactly what the Oilers need to re-sign Evander Kane, for example. So the potential ramifications of his choice are huge.
Any way you look at it, without certainty on the futures of those two players, the Oilers would be entering a crucial offseason with one hand tied behind their back. With Connor McDavid, Leon Draisaitl, Darnell Nurse, and other core pieces locked up and in the primes of their careers, using this offseason to build off of the momentum of this year’s playoff run is essential if the Oilers want to go even further next year. So while being pushed for a decision on a particular time frame might not be ideal for Smith and Keith as they weigh important, life-altering decisions, the Oilers will need certainty on those two players’ futures in order to conduct their offseason at maximum efficiency.
New York Rangers Extend Vitali Kravtsov
With the New York Rangers’ season now over, the team has gotten to work quickly on its business for the offseason. This morning, their first move was revealed. Dan Milstein’s Gold Star Hockey announced today that winger Vitali Kravtsov signed a one-year, one-way contract extension with the New York Rangers. Sportsnet’s Elliotte Friedman reported that the one-year deal carries an $875k cap hit, which is a decrease from the $925k cap hit he carried on his entry-level deal as a top-ten pick. CapFriendly notes that Kravtsov’s qualifying offer would have been $874,125, meaning this contract is an ever-so-slight raise on that figure.
Kravtsov returns to North America after a reasonably successful, albeit limited stint in the KHL. Between the regular season and the playoffs, Kravtsov got into 34 games for Traktor Chelyabinsk, netting 13 goals and 23 points. Kravtsov originally left for the KHL at the start of this season after failing to make the Rangers’ team out of training camp, and his reportedly strained relationship with Rangers GM Chris Drury was thought to be a factor in creating his steadfast resistance towards continuing his development with the AHL’s Hartford Wolf Pack. While that resistance to taking the developmental path the organization likely preferred for him has made him a bit of a controversial prospect, Kravtsov’s potential is undeniable. The six-foot-two, 187-pound winger boasts a rare combination of size and skill and is coming off of a productive season in the KHL. Kravtsov was originally drafted ninth overall at the 2018 draft, and he is likely hoping that it’s on this one-year contract that he establishes himself as an NHL regular similar to how fellow 2018 first-rounder K’Andre Miller has established himself over the past two seasons in New York.
Given the relatively uncertain state of the Rangers’ right wingers going into next season, Kravtsov could have a strong opportunity to earn an NHL job and hold onto it. The Rangers are not overflowing with cap space and both of the players who play right wing on the team’s top two lines (Frank Vatrano and Andrew Copp) are pending unrestricted free agents. Since it’s unlikely that the Rangers will be able to hold onto all of their pending free agents, Kravtsov’s $875k cap hit could end up working to his advantage in the fall as he fights for a role on the team.
It remains to be seen what Kravtsov ultimately becomes at the NHL level, but today’s extension confirms that he is going to enter next season with the firm intention of finally cementing himself as an NHL regular.
Atlantic Notes: Anderson, Sykora, Senators Hockey Operations
The Montreal Canadiens had a season to forget in 2021-22, falling to last in the NHL standings. Part of the disappointment in Montreal this past season was not just due to the performance of the team as a whole, but also of the individual players. Winger Josh Anderson is one of those Canadiens whose 2021-22 production was a reason for disappointment. While he showed flashes of goal-scoring touch and ended up fifth on the team in points, Anderson’s 19-goal, 32-point marks are definitely on the low end of what former GM Marc Bergevin had in mind when he signed Anderson to a $5.5MM AAV contract. With all that being said, though, this season’s disappointing production apparently hasn’t stopped Anderson from being a hot name on the trade market.
Frank Seravalli of Daily Faceoff reported as part of his Trade Targets Board that GM Kent Hughes’ “phone rang consistently with teams inquiring about Anderson.” Seravalli adds that the Canadiens have “resisted” the urge to trade Anderson, but that interest did exist on the part of the inquiring teams. Pierre LeBrun of The Athletic shed some light on the situation as well, reporting that Montreal “turned down some serious offers” for Anderson and that GM’s around the league “keep asking about him,” but that the Canadiens “aren’t planning on trading” their power forward. Evidently, Anderson’s rare combination of size and speed is tantalizing enough for other teams to make “serious offers” for Anderson, despite his somewhat underwhelming production. While these reports do indicate that Montreal is hesitant to trade Anderson, it’s clear that his situation will be one to monitor once the offseason trade market begins in full.
Now, for some other news regarding teams in the Atlantic Division:
- Much of the attention surrounding the Canadiens’ draft strategy revolves around who they might pick with the number-one selection. What is discussed less is the possibilities the team can pursue thanks to the second first-rounder Montreal owns as part of the Tyler Toffoli trade from earlier this year. One player Montreal could be targeting with that selection or even one of their second-round picks is Slovakian winger Adam Sykora. Per Robert Durkac of Slovakian outlet tvnoviny.sk, both the Canadiens and Arizona Coyotes have interest in Sykora and sought out additional information from the player while he was in Buffalo attending the NHL Combine. Sykora is one of the youngest players in this year’s draft and has impressed scouts with his defensively-oriented, relentless style, a style that has allowed him to be a regular at the highest level of Slovakian professional hockey, despite his youth. Sykora is ranked 42nd among European Skaters by NHL Central Scouting, although his performance for Slovakia at the IIHF World Championships has seen his stock rise in the eyes of some outlets.
- The Ottawa Senators lost a high-ranked executive in their hockey operations department earlier this year, as Pierre McGuire was fired from his role with the team after less than a year on the job. Now, according to Elliotte Friedman of Sportsnet, the Senators would like to add to their hockey operations department. Friedman reports that there “could be some hires” coming to Ottawa “soon,” and that the hires would be made with the intention of the Senators bolstering their hockey operations. The Senators have had a difficult few years since their miraculous run to the Eastern Conference Final in 2017, so their reported intention to add more help to their hockey operations department could be seen as a positive sign that the team is looking to get a bit more assistance on the road back to contention.