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Vancouver Canucks Buy Out Oliver Ekman-Larsson

June 16, 2023 at 4:07 pm CDT | by Josh Cybulski 15 Comments

The Vancouver Canucks have made the first buyout of the summer, announcing that they have bought out defenseman Oliver Ekman-Larsson. Ekman-Larsson had four years left on an eight-year $66MM contract he signed with the Arizona Coyotes in July of 2018, but with the buyout it will allow the 31-year-old to become an unrestricted free agent where he will be free to start fresh with any team he chooses. Ekman-Larsson posted two goals and 20 assists this past season in 54 games with the Canucks while averaging 20 minutes of ice time a night.

Vancouver will free up some desperately needed cap space as they head into a summer where they will be trying to sign star forward Elias Pettersson to a long-term contract extension. The Canucks will save $7.1MM in cap space this season with the buyout and $4.9MM next year. They will save $2.5MM the two years after that and then have a cap charge of $2.13MM for four years.

While it is an expensive penalty to pay, it was a necessary move for the Canucks. Ekman-Larsson’s play has fallen off a cliff in recent years as the once elite defender has struggled since the 2019-20 season. There was a time when it was a given that he would play 25 minutes a night, put up 40-50 points a season and post terrific underlying numbers. But those days are long gone and his play as of late is more in line with that of a third pairing defenseman. The Karlskrona, Sweden native hasn’t posted 30 points since the 2019-20 season and hasn’t posted much in the way of positive analytics since that time.

Ekman-Larsson’s fall from elite status is surprising, but the buyout may not be the worst thing in the world for him. His salary forced him to play up in the lineup in a spot that was probably asking too much given where his skillset is at. With the buyout he could find a situation where he is paid like a 5-6 defenseman and deployed like one too. This could ultimately lead to a bit of a resurgence for Ekman-Larsson. However, if another team offers to pay him like a 3-4 defenseman based on name recognition, they may be disappointed with the results that they see, not unlike the Ryan Suter situation with the Dallas Stars.

Sportsnet’s Elliotte Friedman was the first to report the buyout.

Newsstand| Vancouver Canucks Oliver Ekman-Larsson

15 comments

Evening Notes: Sabres, Bezeau, USHL

June 15, 2023 at 6:00 pm CDT | by Josh Cybulski 2 Comments

Lance Lysowski of The Buffalo News reported today that the Buffalo Sabres are in contract discussions with a pair of former first overall picks. The Sabres are trying to work out extensions with franchise defenseman Rasmus Dahlin as well as Owen Power who was a workhorse in his rookie season. Both men are eligible for to sign contract extensions on July 1st and have expressed interest in inking long-term with the Sabres. Lysowski acknowledges that the Sabres don’t have any rush to sign either man to an extension as they both still have a year left on their current deals, but if they were to get the new contracts done on July 1st it would give the Sabres some cost certainty as they head into free agency at what is a critical point in their rebuild.

Dahlin will be looking for a long-term contract and could get something in the range of $9MM to $10MM on a long-term deal. The Swedish defender is coming off a season in which he put up 15 goals and 58 assists in 78 games while playing almost 26 minutes a night. For Power, he could sign long term but may elect to sign a bridge deal in the hopes of maximizing his earnings when he is more established and the salary cap has gone up. In his rookie season he played almost 24 minutes a night and had four goals and 31 assists in 79 games.

In other evening notes:

  • The Charlotte Checkers have announced that they have re-signed right winger Riley Bezeau to a two-year AHL contract. Bezeau spent this past season in the Queen City putting up five goals and three assists in 51 AHL games and finishing second on the team with 84PIM. The 21-year-old was previously an assistant captain of the Saint John Sea Dogs team that captured the Memorial Cup in 2021-22 in a season that saw him post 11 goals and 16 assists in 56 games.
  • The USHL announced today that Glenn Hefferan has been selected as the 11th president and commissioner in league history. Heffernan will take over on July 1st and is familiar with USA hockey having been a board and committee member for several years in various capacities as well as a member of the USA Hockey Executive Committee since June 2021. Back in 2012 Heffernan was awarded the Dr. John J. McMullen Award for service to New Jersey Amateur Hockey, an award he was given by the New Jersey Devils.

Buffalo Sabres| USHL Charlotte Checkers| Memorial Cup| Owen Power| Rasmus Dahlin| Salary Cap

2 comments

Devils Expected To File For Arbitration With Timo Meier

June 15, 2023 at 5:14 pm CDT | by Josh Cybulski 9 Comments

The New Jersey Devils have been busy today, fresh off signing Jesper Bratt to an eight-year extension Sportnet’s Elliotte Friedman is reporting that the club will likely take forward Timo Meier to team elected arbitration. This doesn’t prevent either side from continuing to negotiate a long-term deal, but it does give the Devils some leverage as they head into conversations with the 26-year-old. The team elected arbitration could result in a salary that is 85% of Meier’s 2022-23 salary which came in at $10MM.

Meier came over to the Devils in late February after a blockbuster trade with the San Jose Sharks. He took some time to settle in with New Jersey and put up nine goals and five assists in 21 games with the Devils to finish out the regular season. He would ultimately finish his season with 40 goals and 26 assists in 78 games split between the two teams. In the playoffs Meier struggled mightily posting just two goals and two assists in 11 games and was largely a non-factor in the team’s series win over the New York Rangers going pointless in seven games and suffering a huge hit from Rangers defenseman Jacob Trouba. Meier was much stronger in the team’s second round series against Carolina putting up four points in four games.

The Devils decision to file for arbitration isn’t all that surprising given that they are largely negotiating from a position of weakness as Meier holds the hammer in their contract discussion sitting just a year away from unrestricted free agency. He could simply just go to arbitration and walk away next summer.

As mentioned earlier, with the team elected arbitration Meier could see his salary reduced by as much as 15% depending on how the arbitration process plays out. While that won’t do much on a long-term contract, it could lead to an acceleration in the contract discussions with Meier’s camp which would allow New Jersey some clarity as they head into the draft and free agency in the upcoming weeks. The Devils have a busy summer ahead as they try to build on their first series win in over a decade.

New Jersey Devils Elliotte Friedman| Jacob Trouba| Jesper Bratt| Timo Meier

9 comments

Winnipeg Jets Sign Fabian Wagner

June 15, 2023 at 4:21 pm CDT | by Josh Cybulski 1 Comment

The Winnipeg Jets announced today that they have signed forward Fabian Wagner to a three-year, entry-level contract. The deal runs through the 2025-26 season and carries a cap hit of $858,333. Wagner was Winnipeg’s sixth-round selection in the 2022 NHL entry draft and is currently scheduled to take part in the Jets development camp in early July.

The Nykoping, Sweden native spent this past season back home playing with Linkoping’s junior and SHL teams. In the SHL he was held pointless in 22 games, however for their under-20 squad he put up 11 goals and 22 assists in 33 games. He found less success in the playoffs putting up just a single assist in four games.

At 6’0” and 176 pounds, Wagner is a bit undersized, however he is regarded as an excellent passer and a bit of a playmaker. Scouts also consider him to be patient with the puck and not a player who will try and force a play that isn’t there. He does have some playmaking to his game evidenced by his production as he has averaged around a point a game in the J20 Nationell as well as the World Juniors where he had two goals in four assists in seven games while representing Sweden.

Winnipeg has a lot of veteran forwards in front of Wagner on the depth charts, however depending on how their summer shakes out they could be entering a rebuild which would leave a lot of opportunities for him to make his mark in both the AHL and NHL.  Wagner is likely a longshot to make it to the NHL, but if he can continue to develop his game in the Jets system, he may be able to breakthrough and play a role in Winnipeg’s bottom six. This contract indicates that the Jets are encouraged by the development of one of their late picks from last year’s draft and should give the 19-year-old some confidence when he comes over to North America to begin his professional career.

Winnipeg Jets NHL Entry Draft| World Juniors

1 comment

Free Agent Focus: Vancouver Canucks

June 13, 2023 at 8:52 pm CDT | by Josh Cybulski 4 Comments

Free agency is less than a month away and teams are looking ahead to when it opens.  There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well.  We continue our look around the NHL with an overview of the free agent situation for the Canucks.

Key Restricted Free Agents

D Ethan Bear – Bear was traded from Carolina to Vancouver and was one of the Canucks better defensemen last season. While he only played 61 games for the club, he showed that he was one of their few mobile defensemen. At 25-years of age Bear is due a qualifying offer of $2.2MM and could walk for nothing if the team decides not to qualify him. Bear put up three goals and 16 assists while showing dependability in a middle six pairing and although he will never turn into an offensive star, he can give you a solid 18 minutes a night and provide good support on a penalty kill.

Jan 10, 2023; Pittsburgh, Pennsylvania, USA; Vancouver Canucks defenseman Ethan Bear (74) handles the puck against the Pittsburgh Penguins during the first period at PPG Paints Arena. Mandatory Credit: Charles LeClaire-USA TODAY Sports

Bear is just a year away from unrestricted free agency and after bouncing around a few teams he will likely be looking for some stability on his next contract. Vancouver may want to see more of Bear before they commit to him long-term, making a one year deal the likeliest outcome. Vancouver has Tyler Myers coming off the books next summer and could simply commit some of his money to Bear should the former fifth round pick show that he is a capable replacement.

D Travis Dermott – Dermott’s stay with the Canucks has been largely disrupted by concussions that have kept him out of the lineup for several extended periods of time. When he was able to get into the lineup, he clearly wasn’t 100% evidenced by his inability to get back to the level of played he showed when he was a Toronto Maple Leaf. Dermott saw several stints in the Leafs top-4 during his five seasons with the club but could never stay in Vancouver’s lineup long enough to earn that kind of promotion.

It’s a sad situation for the Newmarket native as at one point he did look like a capable two-way defender who could chip in 20-25 points on the back end. But in two seasons with Vancouver Dermott has only been able to put up two goals and a single assist in 28 games while playing sheltered minutes. Even more alarming was that Vancouver controlled just 40% of the scoring chances with Dermott on the ice despite him playing almost exclusively against bottom six competition.

At this point it seems likely that Vancouver will not qualify Dermott at his $1.75MM salary and he will become an unrestricted free agent. He should be able to get another crack at an NHL job, although it will likely come on a one-year deal for league minimum.

Other RFAs: F Carson Focht, D Akito Hirose, F Nils Hoglander, F Vitali Kravtsov

Key Unrestricted Free Agents

D Kyle Burroughs – Burroughs played a career high 48 games this past season for his hometown Canucks and put up two goals and three assists while averaging just over 17 minutes a night in ice time. He is best suited for a role as a seventh defenseman and can fill in on a third pairing in a pinch. The soon to be 28-year-old became a bit of a cult hero in Vancouver as his dependable defensive play and physicality made him a fan favourite. Burroughs fits in with the culture that head coach Rick Tocchet is trying to cultivate and likely wouldn’t cost more than league minimum on a two-year contract. It makes sense from both the players side and the Canucks side, however there could be a few obstacles to a deal getting done.

Cap issues could hinder any attempts to sign the depth defenseman and given that the Canucks already have several depth defensemen signed for next season they could view a Jack Rathbone or a Christian Wolanin as a similar option to Burroughs. Regardless of what happens Burroughs has likely earned himself a bit of short-term security either with Vancouver or another NHL team that values what he brings to the table.

G Collin Delia – Delia played a career high 20 games this past season for Vancouver, and while he set a new benchmark for games played, they weren’t particularly good ones. Delia posted a 10-6-2 record with a save percentage of .882 and a goals against of 3.28. The California native battled hard in the net for the Canucks, unfortunately his goals saved above expected was -4.3, putting him in the negative for the fifth straight year. While even the best goaltenders can have a stretch where they give up goals on saveable shots, a five year stretch likely shows the Delia is not an NHL caliber backup.

Vancouver has several options in their pipeline that are already signed to contracts, including Spencer Martin who also struggled in net for the Canucks last season. Martin probably isn’t a better option than Delia, but Vancouver could easily find a more suitable backup in free agency should they prioritize finding some dependable relief for starter Thatcher Demko.

Other UFAs:  F Justin Dowling, D Noah Juulsen, D Brady Keeper, F John Stevens

Projected Cap Space

The Vancouver Canucks are currently the only team that is projected to be over the salary cap for the 2023-24 season with just 18 players signed. To put it bluntly, their salary cap is a mess. Much of it was inherited by the current management group but they have done little to alleviate any of the stress on their bottom line.

The good news for Vancouver is that they don’t have any expensive free agents to sign and should be able to free up cap space by putting Tanner Pearson and Tucker Poolman on LTIR when the season begins. If they do this it will allow them to fill out their roster and dress a full lineup on opening night. Although, this likely won’t be good enough for the current management group. Vancouver is caught in the middle; they don’t have enough talent to be a cup contender and they have too many overpriced contracts. They also likely can’t sell another rebuild to their fans as they are supposed to be currently enjoying the fruits of their last rebuild.

It should be a busy summer for the Canucks, they have a lot of pieces they would like to move, and a management group led by Jim Rutherford who is perhaps the most aggressive executive in the NHL today. The Canucks could look wildly different come training camp in September.

Photos courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Free Agent Focus 2023| Pro Hockey Rumors Originals| Vancouver Canucks

4 comments

Free Agent Focus: Tampa Bay Lightning

June 12, 2023 at 9:20 pm CDT | by Josh Cybulski 8 Comments

Free agency is less than a month away and teams are looking ahead to when it opens.  There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well.  We continue our look around the NHL with an overview of the free agent situation for the Lightning.

Key Restricted Free Agents

F Tanner Jeannot – Jeannot was traded just prior to this year’s deadline for one of the most eyepopping returns we’ve seen in recent memory. Tampa Bay traded five draft picks plus Callan Foote for Jeannot who was held pointless in three playoff games this year. It remains to be seen if Jeannot can recapture the magic he showed in the 2021-22 season where he put up 24 goals and 17 assists in 81 games for the Nashville Predators and looked to be well on his way to being the NHL’s next power forward. This past year was a different story for the 26-year-old as he appeared lost at times and struggled to get to his game. He put up just six goals and 12 assists in 76 games between Nashville and Tampa Bay and looked as though he was searching for answers as the season went on.

Apr 20, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs defenseman Luke Schenn (2) fights with Tampa Bay Lightning left wing Tanner Jeannot (84) during the third period in game two of the first round of the 2023 Stanley Cup Playoffs at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY Sports

Tampa Bay will be looking for bigger things from the Saskatchewan native next season as their depth will be tested in the absence of some key contributors. Jeannot’s deployment changed after the trade from Nashville, and he was gifted the opportunity to have about 10% more offensive zone starts than he was getting with the Predators. He also saw less time on both the penalty kill and the powerplay which led to an average of three minutes less ice time per game. Jeannot may see more ice time this coming season as a lot of the forwards that were pushing him down the depth chart are likely to be exiting Tampa Bay this summer. This could lead Jeannot to sign a short-term deal to try and rebuild some of his value after coming off what was a bit of a lost season. I would expect a two-year bridge contract, but it is hard to nail down the annual value given how wildly different his past two seasons were. There are few comparables to Jeannot which should make for an interesting negotiation.

F Ross Colton – Colton has become a bit of a Swiss army knife for the Lightning and therein lies his value in the trade market, but also for any contract extension he is to sign. Colton is due for a significant raise on the $1.25MM he made last season. Given that he is a good penalty killer, can play center and the wing as is a good bet to hit 15 goals and 35 points he could triple his salary next season on a long-term deal.

Tampa Bay will have to decide if Colton is the piece to move out to bring in younger and cheaper assets, or if he is a piece that want to extend on a contract not unlike the one they signed Nick Paul to last summer. At 26-years-old Colton has plenty of productive seasons in front of him and could even develop into a perennial 25 goal scorer. He already has a season in which he scored 22 goals and is coming off a year where he put up 16 goals in 81 games while playing just 12 minutes a night.

Other RFAs: F Rūdolfs Balcers, F Gabriel Fortier, F Cole Koepke, F Grant Mismash, F Simon Ryfors, D Dmitri Semykin

Key Unrestricted Free Agents

F Alex Killorn – Killorn is the longest tenured Tampa Bay Lightning player having been drafted back in the third round of the 2007 NHL entry draft. The 33-year-old Halifax native is coming off a season in which he posted a career high 27 goals and 37 assists in 82 games. According to Elliotte Friedman, Tampa Bay has reportedly already made Killorn a long-term contract offer, but given his track record, he will be in demand and could be difficult for Tampa Bay to retain given their salary cap troubles.

Killorn has been consistency available for the Lightning having missed just two games since the 2015-16 season and scoring 40 points or more in nearly every season. While his 64 points this past season appear to be an outlier, he did put up 59 points last season and has shown steady offensive improvement despite being on the older side of 30. Tampa Bay can still make Killorn’s situation interesting, but it does appear that the long-time Lightning veteran will start next season in a different uniform. Killorn should be able to fetch a four-year contract with an average annual value north of $5MM per season.

D Ian Cole – Two-time Stanley Cup winner Ian Cole signed last season in Tampa Bay to provide the Lightning with a depth defenseman who could provide steady minutes on the backend as well as kill penalties. He did exactly that.

While his best years are likely behind him, Cole still played nearly 20 minutes a night and took almost 60% of his starts in the defensive zone. He doesn’t chip in much offensively, but he can still move the puck and get around the ice when he needs to. Cole had three goals and 14 assists in 78 games last season for Tampa Bay and could likely produce something similar again next season. Cole is likely looking for more security on his next deal as he has signed in back-to-back off-season’s for just a single year. However, I can’t see him getting more than two years at around $2.5MM-$3MM per season. It’s hard to say though, given the contracts NHL general managers threw at defensive defenseman last offseason, anything is possible for the 33-year-old.

C Pierre-Édouard Bellemare – Bellemare struggled in the minors before breaking into the NHL in his age 29 season. While it was a nice story at the time, Bellemare used his arrival to springboard himself into nine seasons in the NHL. Now at the age of 38, the native of France is coming off a down year in which his age appeared to catch up with him. Bellemare looked tired near the end of the year and struggled to four goals and nine assists in 73 games. Bellemare appeared to chase the game a lot more this season and had a hard time lining up hits, he also took more penalties as he uncharacteristically found himself out of position and was forced to take obstruction penalties.

Should he choose to keep playing, Bellemare could get a one-year contract, but given his age and lack of production last season, he is likely looking for something that is just above the NHL minimum.

Other UFAs: D Trevor Carrick, G Brian Elliott, F Pierre-Cédric Labrie, G Maxime Lagace, F Corey Perry, F Gemel Smith, F Daniel Walcott

Projected Cap Space

The Tampa Bay Lightning are one of a handful of teams that are right up against the cap with several key free agents to still try and lockup. Tampa has 17 players signed to NHL contracts with just $450K left to try and fill out their lineup. They will be able to put Brent Seabrook onto LTIR which will free up nearly $7MM in additional space. While this gives the Lightning some breathing room, it still won’t be enough to dress a full lineup for next season.

The club will likely have to move out a roster player or two to sign their remaining RFA’s which will create an additional complication. The Lightning have four players with full no movement clauses and an additional four players with full no trade clauses or modified no trade clauses. That effectively takes half of their signed players out of play if they are looking to make a move to free up cap space which will limit general manager Julien BriseBois’ options.

Tampa Bay has done a good job navigating cap challenges in the past but could be facing their toughest task yet as their two-time cup winning core has become increasingly expensive.

Photos courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Free Agent Focus 2023| Pro Hockey Rumors Originals| Tampa Bay Lightning

8 comments

Evening Notes: Olofsson, Senators, Andersen

June 12, 2023 at 7:25 pm CDT | by Josh Cybulski 9 Comments

Lance Lysowski of The Buffalo News wrote today that Buffalo Sabres forward Victor Olofsson, and his representatives expect him to be traded prior to the start of training camp in September. Olofsson has spent his entire five-year career with the Sabres where he has put up 167 points in 263 NHL games. This news isn’t all that surprising given that the soon to be 28-year-old is just a year away from being an unrestricted free agent and he was a healthy scratch for the Sabres down the stretch while they were battling for a playoff position.

The Swedish forward has been remarkably consistent in his career notching at least 20 goals in three of his last four seasons with the lockout shortened 2020-21 season being the one year he didn’t reach the mark. This past season Olofsson set a career high with 28 goals in 75 games to go along with 12 assists, but he has been made expendable by the emergence of several Sabres forward prospects and his pricey $4.75MM cap hit. Sabres GM Kevyn Adams has reportedly been very active on the trade market as he tries to get Buffalo back to the playoffs for the first time in 12 years.

In other evening notes:

  • The sale of the Ottawa Senators franchise may finally be entering its final days. This is according to Bruce Garrioch of Postmedia who has been tirelessly reporting on the process. It seems likely that the new owner will be either Michael Andlauer or Jeffrey and Michael Kimel of the Harlo Capital Group, however Los Angeles producer Neko Sparks remains in the mix but seems less likely to be the preferred bidder. League sources told Garrioch that they are confident there are no more major hurdles to clear leading them to believe they are on the verge of closing out the eight-month process. It’ll be interesting to see if the bid comes close to the $1B bid that was apparently posted by Steve Apostolopoulos, who has since left the bidding after he reportedly became frustrated with the process.
  • The Carolina Hurricanes tweeted today that defender Amalie Andersen has inked a one-year contract with the Buffalo Beauts and become the first Danish born player to sign in the Premier Hockey Federation. The 23-year-old is the younger sister of Hurricanes netminder Frederik Andersen and played four years at the University of Maine where she put up two goals and seven assists in 60 career games. The Beauts are one of the founding teams in the PHF having started with three other clubs back in 2015 while the league was named the National Women’s Hockey League.

Buffalo Sabres| Ottawa Senators| PHF Frederik Andersen| Kevyn Adams| Victor Olofsson

9 comments

Devils Notes: Severson, Graves, Haula

June 8, 2023 at 9:25 pm CDT | by Josh Cybulski 4 Comments

The New Jersey Devils won their first playoff series in over a decade this past spring and now face the prospect of losing several key free agents in just under a month’s time. James Nichols of The Fourth Period reported today that Damon Severson’s camp isn’t sure whether the Devils want him to return or not. While it certainly doesn’t sound like the two sides are close to an agreement or even talking now, these types of agreements can be reached in a matter of days. Devils’ general manager Tom Fitzgerald has a lot of work to be done this summer and appears to have prioritized the Jesper Bratt and Timo Meier contract negotiations at this time.

Nichols reported yesterday that the Columbus Blue Jackets were interested in Severson’s services as well, and it isn’t a surprise given the players track record. Severson is sure to be in demand as he is a right defenseman coming off a season in which he put up 7 goals and 26 assists in 81 games. The veteran has spent his entire nine-year career with the Devils and could very well find himself in a different uniform come the fall.

In other Devils news:

  • Nichols also reported that defenseman Ryan Graves sounds like a player that is on his way out of New Jersey. Nichols spoke with Graves agent Allain Roy who said that New Jersey needs to figure out if they have room for his client and that a lot will have to happen before they do. Graves is another defenseman that is sure to be in demand, the 28-year-old posted eight goals and 18 assists in 78 games this past season and was a big part of a Devils penalty kill that finished fifth in the league with a success rate of 82.5%.
  • In positive news for New Jersey, Nichols reports that the Devils have engage in extension talks with Erik Haula. The left winger has stated his interest in returning to the Devils and Fitzgerald has said the Devils would like him back. While they are early in their discussions, Nichols says it would be hard to imagine them not working out a deal to bring the 32-year-old back into the fray. Haula came over from the Boston Bruins in a trade last summer and put up 14 goals and 27 assists in 80 games in his first year with the Devils.

New Jersey Devils Damon Severson| Erik Haula| Jesper Bratt| Ryan Graves| Timo Meier

4 comments

Salary Cap Increase Could Be Larger Than Expected

June 8, 2023 at 7:58 pm CDT | by Josh Cybulski 4 Comments

Joe Smith of The Athletic penned an interesting article today leading to speculation that the NHL salary cap could see a larger increase this summer than the $1MM that was expected. Gary Bettman seemed to temper expectations last week when he said that he still expected the increase to be just the $1MM.

Smith’s league sources say that the number which has been discussed for most of this year doesn’t appear to be final as of right now. The official figure will be announced at the NHL draft and now it appears that there are some negotiations going on behind the scenes to see if there is wiggle room to add to the increase.

Many expect the salary cap to go up between $10MM-$12MM over the next three years based on revenue, leading to a wild disparity for those who become free agents this season versus those who hit the market in 2024 or 2025. The conversation going on behind closed doors appears to be whether the increases could be more proportional starting this year to allow the group of players hitting free agency in a few weeks to have a bit more money in the market to chase.

Any additional cap increase would certainly be welcome news for teams that are currently cap strapped. The Minnesota Wild and Boston Bruins come to mind as both teams stand to lose considerable talent and don’t have much cap room to retain them. The news could also be good for the players that want to stay with their current clubs but aren’t sure the money will be there. An extra one million in cap space could be the difference that allows a player like Alex Killorn to stay with the only team he’s ever known instead of moving on with a new team.

While Smith teases the different possible cap increases over the next three years, he does end the article by stating that the likeliest outcome for next year’s salary cap is a $1MM to $1.5MM increase. This could also affect the contracts that this year’s free agents sign. Players might opt for shorter term deals with the hope that they can cash in down the road when the cap is quite a bit higher. We’ve already seen defenseman Vladislav Gavrikov sign for just two years, despite the Los Angeles Kings pushing for a longer-term arrangement. It could become a major story over the next month or so as more players sign deals for next season.

NHL Alex Killorn| Gary Bettman| Salary Cap| Vladislav Gavrikov

4 comments

Evening Notes: Schenn, Quenneville, Senators

June 8, 2023 at 6:52 pm CDT | by Josh Cybulski 1 Comment

CHEK’s Rick Dhaliwal reported today that pending unrestricted free agent defenseman Luke Schenn likely wants to remain with the Toronto Maple Leafs and he expects the rearguard to get a well-deserved raise in pay on his next contract. Dhaliwal said this today on Donnie & Dhali The Team and added that Schenn is seeking some term on his next contract as well as some no trade protection.

It makes sense that the soon to be 34-year-old would like some stability for himself and his young family as he has bounced around the league the past few seasons and played under several contracts that have been for near the NHL minimum. Schenn is coming off one of the finest seasons of his career having put up four goals and 18 assists in 70 games split between the Maple Leafs and the Vancouver Canucks and is trying to cash in on what could very well be his last big payday in the NHL.

In other evening notes:

  • Larry Brooks of the New York Post writes that he doesn’t believe the delay in the New York Rangers search for a new coach is tied to former Blackhawks head coach Joel Quenneville. Brooks lists several reasons for his thinking here including the fact that general manager Chris Drury is currently in Buffalo at the scouting combine. Brooks goes on to add that he can’t see NHL commissioner Gary Bettman meeting with Quenneville before the draft to discuss reinstatement and that the Rangers would like to have someone in place before free agency begins on July 1st.
  • The final stage in the sale of the Ottawa Senators has been going on for over three weeks and according to Bruce Garrioch of Postmedia there has been no indication of who will be awarded preferred bidder status. Garrioch writes that this may be a tactic being used to keep all the groups engaged in case they need fall back options should one of the bids fall through. The belief is that the final stage has been slowed by all the back and forth between the parties involved as they try to hammer down the final details in what should be the end of a very long process. Garrioch goes on to say that is does appear that this has become a three-horse race as it looks as though the Neko Sparks group is a long shot to win ownership of the club. They are having issues putting the financing in place, but at this time, they are still in the running.

Joel Quenneville| New York Rangers| Ottawa Senators| Toronto Maple Leafs Chris Drury| Gary Bettman| Luke Schenn

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