Did Anthony Mantha’s Playoff Performance Hurt His Free Agency Stock?
The Pittsburgh Penguins were bounced by the Philadelphia Flyers in Game 6 of their first-round matchup in dramatic fashion, losing a 1-0 game in overtime on a Cameron York goal. The seeing-eye shot found its way past Penguins goaltender Arturs Silovs and was a microcosm of the series for one player, Anthony Mantha. York was Mantha’s man on the play, and Mantha was two steps too late covering the point, allowing York to fire the game-winning goal. Mantha was invisible in the series, putting up one assist in six games to go along with a -5 and 20 PIM. The worst part of his play was that Mantha looked disinterested at times, missed assignments, took lazy penalties, and found himself largely chasing the game after a magical regular season. All in all, the playoffs may have cost Mantha millions of dollars.
It was just a month ago that the talk was about Mantha getting a four-year deal, with some folks throwing out numbers in the $5-6MM range. It seemed not only probable a month ago but quite likely after the 31-year-old posted 33 goals and 31 assists this season in 81 games. Mantha had been playing under a one-year, $2.5MM (plus $2MM in incentives) “prove it” contract, in the hopes of securing a lucrative contract this summer. However, those types of numbers ($5MM to $6MM) could very well be off the table after Mantha had a poor playoff showing this year. In fact, in 20 career NHL playoff games, Mantha has never scored a goal, tallying just seven assists. It’s a steep decline in production for a player who has four career 20+ goal seasons and averages 50 points per 82 regular-season games.
Mantha will still get some of his money this summer, as NHL general managers are about to see a windfall of cap space they haven’t seen in close to a decade, and the GM fraternity can never seem to help itself when it comes to overspending on a mid-tier free agent who just happened to get hot at the right time. It’s a tale as old as time in the NHL, with some pretty famous examples of players having a good year in their UFA walk year, or even just a good playoff, before getting paid an amount of money that will never line up with their production.
Fernando Pisani, back in 2006, is a great example of this. After a Cinderella run with the Oilers to the Stanley Cup Finals, in which he scored 14 goals and four assists in 24 games, he was rewarded handsomely with a four-year, $10MM contract that offseason. Unfortunately, Pisani never topped 28 points in a season again in his NHL career. There were health concerns with Pisani later in his career, but in any event, reaching those levels again was not likely.
Ville Leino is another great example of a player heating up and cashing in. He turned a 19-goal, 34-assist season in 2010-11 into a lucrative six-year, $27MM contract that was an absolute disaster for the Buffalo Sabres and was eventually bought out in 2014. Leino had never scored more than 11 points in an NHL season prior to his 53-point breakout with Philadelphia , and would tally just 10 goals and 36 assists in 137 games spaced over three seasons with the Sabres.
Mantha will fall into the camp of players who eventually got paid for having a terrific season, but, unlike the Pisani and Leino examples, Mantha does have a track record of scoring in the NHL. However, there are also injury concerns and concerns about his ability to score consistently. He had some lean years after he was traded from Detroit to the Washington Capitals, including 2022-23, when he posted just 11 goals and 16 assists in 67 games. He followed that up with a 44-point campaign in 2023-24 but still had to sign a prove-it contract with the Flames in the 2024 offseason for just $3.5MM.
It’s going to be very tough to gauge how general managers around the league will value what Mantha brings and what he doesn’t. Mantha is a big man, and GMs always love size. However, he plays small and doesn’t always look like he is working hard, which is often true for big men in the NHL. Mantha has other attributes that make him an attractive free-agent target; he can skate well for a big man, handles the puck well, is a good passer, and can shoot.
All of that is great, but this is the knock that has followed him since he was scouted in junior. He doesn’t always seem engaged, and in many games, particularly the big ones such as the recent playoff series with Pittsburgh, you wonder whether Mantha can find the intensity and determination to reach the next level and become a playoff performer. Mantha was often viewed in his draft year as a boom-or-bust prospect, and now 11 years into his NHL career, he is still fitting that label. Mantha was a bust in Washington after a big trade from the Red Wings sent him there, but in Pittsburgh, he was an under-the-radar signing that was a huge win for the Penguins (minus the playoffs). What his next team gets is anyone’s guess, but the $6MM annual offer on a long-term deal that seemed so likely before the playoffs now feels like a reach for Mantha. However, all it takes is one GM fighting for his job to overpay, and Mantha could be a bust once again.
Breaking Down The Senators’ Options For Drake Batherson
The Ottawa Senators powered through an up-and-down season to sneak into the playoffs, only to be decisively bounced by the Carolina Hurricanes. The result was a disappointment, but it was a true measuring-stick series that showed the Senators how far they are from being a true Stanley Cup contender. Now the team enters the offseason with a lot of uncertainty around their captain, their netminding, and pending UFAs. However, one player whose future could also be decided is forward Drake Batherson, who can become a UFA himself on July 1st, 2027.
Batherson was one of the few Senators forwards to contribute offensively to the first round of the playoffs, scoring three goals and an assist in four games. This production came on the heels of a career year, in which the 28-year-old tallied 33 goals and 38 assists in 79 games.
That kind of production will almost certainly land Batherson a rich new contract when he reaches free agency in just over 14 months, but if you are the Ottawa Senators, do you want to pay upwards of $9MM for a player who will be entering his 30s in the second year of a potential six- or seven-year deal? It’s hard to say, but it’s something Ottawa has to think about over the next few weeks, with just a single year left on Batherson’s contract at just $4.975MM ($6.55MM in actual salary).
After a career year and a strong showing in a brief playoff window, Batherson’s stock is unlikely to be any higher, meaning a potential trade could yield the Senators a pretty healthy return, especially given how poor the free-agent market is. Any team looking to acquire Batherson will almost certainly want to do so with an extension in place, but there is risk in that, as many teams have found out the hard way.
PHR released a piece three months ago about several instances of the trade-and-sign move backfiring on teams that acquire a player and quickly extend them, without seeing them play with their group for an extended period. Jonathan Huberdeau, Timo Meier and Pierre-Luc Dubois are great examples of that approach going sideways, but just because there are cautionary tales doesn’t mean Batherson will become one. The flip side is also true, given that Matthew Tkachuk was a trade-and-extend as well, but that also doesn’t suggest Batherson will be an instant fit on a new team. These are considerations that a potentially acquiring team will have.
The other major consideration, and likely the biggest, is what assets the team will need to move to acquire him, along with the cash required to extend him. If Batherson posts another 30+ goal, 70+ point season, $9MM annually will certainly be in play on a six- or seven-year deal. But if Ottawa gets out in front of things and trades him this season, what will it take to acquire him?
As mentioned earlier, the trade market will be robust this summer, making Batherson an expensive trade target with few comparables, although one recent trade candidate could offer a glimpse into the trade market for forwards. The Pittsburgh Penguins tried to trade Rickard Rakell last summer and potentially asked for a top-tier prospect, a first-round pick, and additional assets. The caveat is that Pittsburgh never received an offer for Rakell to their liking, but they had their sights set high for a Rakell trade.
Batherson, a younger and more consistent scorer than Rakell, would have higher trade value even though he has just a year left on his deal. Batherson is four years younger than Rakell was last summer and has four consecutive 60+ point seasons to his credit, while Rakell has just three 60+ point seasons in his entire career. Another issue with comparing last summer’s trade request to this year’s potential request for Batherson is that the Penguins were looking to the future with their requests, whereas the Senators would probably prefer roster players who can help them win now. This would not be an easy trade to facilitate.
There are many other factors at play as well. If Ottawa trades Batherson, it creates an offensive hole for a team that already needs more offense up front and shifts their hunt from potentially needing two top-nine forwards to needing three. Given the thin free-agent market and their poor farm system, Ottawa might find their options limited when it comes to upgrading their forward group, even if they hold onto Batherson.
Then there is the fact that Batherson is a homegrown talent, having been drafted by the Senators in the fourth round of the 2017 NHL Entry Draft (121st overall). He is clearly loved by the franchise, which was quick to shoot down trade rumours last spring when they emerged in the media. Ottawa has historically had issues hanging onto homegrown talent and has watched many players move on and win in other cities. That may be a consideration if and when both sides begin talks on a contract extension.
Couple the Batherson conundrum with the drama surrounding captain Brady Tkachuk and goaltender Linus Ullmark, and you have the makings of a wild offseason in Ottawa as the team tries to move on from a difficult season. Batherson’s next contract will likely not age gracefully, particularly as he approaches his mid-30s, but the Senators might not have a choice but to extend him as they try to find some success with their current core group of players.
Assessing Egor Chinakhov’s Next Contract
The Pittsburgh Penguins and forward Egor Chinakhov are in the honeymoon stage of their relationship, basking in the early success of a late-December trade that brought Chinakhov from the Columbus Blue Jackets to the Steel City. Playoffs aside, Chinakhov was a revelation during the regular season after arriving in Pittsburgh in a trade that sent a 2026 second-round pick (from St. Louis), a 2027 third-round pick (from Washington), as well as Danton Heinen to Columbus. The 25-year-old had struggled with the Blue Jackets and had asked for a trade, which ultimately led to the move to Pittsburgh. With Chinakhov’s fit in Pittsburgh, a summer contract negotiation is set to take place and will be one of the more interesting and perhaps more complicated negotiations.
Chinakhov was the 21st overall pick in 2020 and made his debut with the Blue Jackets in October 2021, going scoreless in his first five NHL games before recording two assists in his sixth game. He would go on to post seven goals and seven assists in 62 games as a 20-year-old, giving the Blue Jackets hope that the young Russian was just scratching the surface of his offensive potential.
2022-23 saw Chinakhov start strong with 13 points in 30 games before an ankle injury in mid-December sidelined him for 29 games. Chinakhov returned late in February 2023 and was loaned to the AHL, where he posted eight points in seven games.
2023-24 began with more of the same, as Chinakhov dealt with a back injury, missing six games before being sent to the AHL. He would miss significant time again throughout the season, finishing the year with 29 points in 53 games. This became the narrative around Chinakhov, a talented skater with offensive capabilities but unable to stay healthy, as he missed half of the 2024-25 season with a back injury.
Therein lies the issue with Chinakhov’s negotiations. While he has been terrific for Pittsburgh, he’s dealt with many injuries in his short career, and the Penguins have a long history of being an injury-prone team. Chinakhov also never scored in Columbus the way he has in Pittsburgh. In 204 games with the Blue Jackets, Chinakhov recorded 37 goals and 40 assists, roughly a 31-point pace per 82 games, while in Pittsburgh, he has scored at a 69-point pace.
The dichotomy makes for a very complex and confusing contract negotiation. If you are Pittsburgh, which version of the player are you getting if you extend him for five or six years? But the flip side of the coin is that you offer a bridge contract for a year or two, and he continues his breakout and takes you to the cleaners in a year or two when his bridge deal expires. Teams have been burned by that before; however, it might be better than the alternative, which is locking a player in long term who went on a heater and outscored his own abilities.
Penguins’ general manager Kyle Dubas has been bold in acquiring talent over the past two years. Given that he scouted Chinakhov and made an aggressive trade to acquire him, even as other teams, such as the Toronto Maple Leafs, were also in pursuit of him, Dubas may be the best person to negotiate Chinakhov’s contract. It’s an important negotiation for him, as it represents an opportunity to show the naysayers that he can, in fact, lock up young players without having to cave to their every demand. That, of course, was the knock on Dubas in Toronto, where fans felt he gave the Maple Leafs’ young stars too much say and too much money in their contracts, and allocated too much of the salary cap to them.
It’s hard to argue with that narrative, given that Dubas never seemed able to get Toronto’s young stars to concede anything on their deals, and he has done little to turn that around in Pittsburgh, although he hasn’t really had the chance in the past two years. Dubas’ early negotiations in Pittsburgh were rough, as he signed Ryan Graves and Tristan Jarry to disastrous contracts that handcuffed the Penguins until Jarry was dealt late in 2025. The Graves contract remains on the books and could either be dealt for another bad contract or be buried in the AHL for the remaining three years.
Back to Chinakhov: he is arguably the first of the “future” Penguins to ink a long-term deal. If the Penguins get it right, it could set the tone for future deals with potential cornerstones such as Benjamin Kindel, Harrison Brunicke, and Sergei Murashov. But if the Penguins get it wrong and overpay Chinakhov, they will have a tougher time signing their other core pieces to discount extensions, which plagued Dubas in Toronto and eventually led him to pay his core four forwards about half of his salary cap allocation. Dubas is certainly aware of this, and it will be fascinating to see how he approaches the negotiations. Does he lean on the experience he had in Toronto and figure out a better approach to signing young players long term, or does he commit the same errors?
There is one other factor to consider that should be interesting: keeping the players happy, particularly with Chinakhov, who requested the aforementioned trade out of Columbus. If the contract talks go sour, will it sour Chinakhov, and how much does he enjoy playing in Pittsburgh? Will it affect the other young players who know they have deals to be made? These are all factors Dubas must consider when negotiating this summer on what should be a complex contract.
The Kraken Need To Choose A Path This Summer
The Kraken missed the playoffs once again this spring, finishing with the sixth-worst point total in the NHL. They had the luxury of playing in the much weaker Western Conference, but still missed the postseason by 11 points, finishing with a 34-37-11 record and a -37 goal differential.
Seattle has made the playoffs just once in its short five-year history, and none of those appearances have come in the past three seasons. Now, with a team largely set to return next season, aside from a couple of veteran unrestricted free agents, it’s become a moment for general manager Jason Botterill to reflect and decide what direction he wants to take a club that looked lost this past season.
A perfect example of the Kraken’s lack of direction is Mason Marchment’s run with the team. Marchment was dealt to Seattle last June in exchange for a 2026 third-round pick and the Stars’ 2025 fourth-round pick.
It was a decent little move for the Kraken and showed they were looking to make additions. Fast-forward six months (plus a day), and the Kraken sent Marchment to the Blue Jackets for a 2027 second-round pick and the New York Rangers’ 2026 fourth-round pick.
It was a decent turn of events for the Kraken, as they upgraded one pick from a third to a second and got a look at Marchment for a few months. It would have been a tidy piece of work had it ended there.
A few months later, at the trade deadline, Seattle acquired Bobby McMann from the Toronto Maple Leafs in exchange for a second-round pick in 2027 and a 2026 fourth-round pick. The deal, in a vacuum, was good.
McMann has been a steady scorer over the past couple of years and added a lot to the Kraken lineup. However, he is a pending UFA and is set to cash in big time this summer. Seattle likely believed he could help with a playoff push, but with the Kraken’s underwhelming lineup on paper, it was a bit of a fool’s errand and could leave the team holding the bag if he jumped ship in July.
What could be a worse outcome for Seattle is if McMann re-signs long-term. The Kraken already have a number of undesirable long-term deals with veteran players, and McMann is sure to be overpaid when he hits free agency. Seattle has to resist the urge to extend McMann, but it’s hard to say whether they will, given the team’s lack of direction in recent years.
That being said, there is a glimmer of hope for Seattle and a fairly obvious direction the team should take. The Kraken have the seventh-ranked prospect system in the NHL (according to Scott Wheeler of The Athletic) and should be able to rebuild their roster sooner rather than later if they can avoid the urge to sign overpriced veterans, or, in the case of McMann, trade for them when they aren’t playoff-bound.
Ultimately, the Marchment/McMann fiasco cost the Kraken only mid-tier draft picks, which is forgivable given that the Kraken thought they had a playoff push, though it ultimately flopped. But the work in free agency needs to be scrutinized and scaled back if Seattle wants to have any hope of building and keeping a core.
In the past two summers, the team has signed UFAs to deals that were panned at the time and look even worse in hindsight. Ryan Lindgren was signed last summer to a four-year deal worth $4.5MM per season and has not been a good fit with the team.
The Kraken were outplayed whenever Lindgren was on the ice this year, and he was a turnover machine, coughing up the puck more than ever before in his NHL career. He also toned down his hitting dramatically, which didn’t really correct some of the other issues with his game.
If the Lindgren deal was bad, the Chandler Stephenson contract from 2024 is atrocious. On the surface, it looks fine, as he put up 49 points (16 goals and 33 assists) last season in 80 games.
But he has five years left on the deal at $6.25MM per season and gets absolutely crushed at even strength, posting a 40.8 CF%, meaning he is a drag on his teammates from a possession perspective. Sure, he takes a lot of the tough defensive assignments, but there is an argument that he could be among the worst 5-on-5 forwards in the entire NHL, and, in turn, one of the worst contracts in the league as well.
There is also the signing of defenseman Brandon Montour in July 2024. That deal hasn’t been a disaster, and Montour has been fairly productive offensively while continuing to struggle defensively.
Heading into year three of a seven-year, $50MM contract, the back half of his deal could be a huge problem for the Kraken as they enter the competitive window with the young group of players they have drafted and developed. At 32, Montour hasn’t shown an obvious decline, but if his skating begins to deteriorate, there will be major issues with his game both offensively and defensively.
With such a weak UFA market and so many teams with a pile of cap space, this could be the best opportunity for Seattle to commit to a short rebuild and start trimming some of the older, more expensive players, such as Lindgren, Stephenson, and Montour, from their roster, in the hopes of not boxing themselves in when they are ready to contend with the elite young players in their system.
Time will tell whether they have the stomach for the short-term pain, but if they do, they could create the kind of flexibility in two to three years that teams dream of when they try to tear down and recalibrate their rosters.
What Will The Canadiens Do With Zachary Bolduc?
The Canadiens are tied at one game apiece in their first-round series against the Lightning. They have a number of healthy scratches at forward thanks to their depth, but one young player is looking to leave an impression and avoid sitting out for any length of time.
Zachary Bolduc is a talented forward and pending restricted free agent who is sure to get a raise this summer as his entry-level contract wraps up. How much he gets will depend on several factors, primarily the term he and the Canadiens agree to, as well as where Montreal sees him in the foreseeable future.
When you read that statement, the first thought is: where does Bolduc slot into Montreal’s lineup? There is also the possibility that Montreal uses Bolduc and other assets to try to land a premier second-line center.
Alternatively, Bolduc remains with Montreal into next year and signs a new deal. But does that come in the form of a short-term bridge deal, or have the Canadiens seen enough to ink him long term?
It’s no secret that Montreal wants to address the second-line center position to ease some of the pressure on first-line pivot Nick Suzuki. This season, the Habs relied heavily on Oliver Kapanen, who filled in admirably but has at times been exposed, prompting Canadiens head coach Martin St. Louis to shelter him.
Kapanen has also benefited from a PDO well over 100, which has masked some of his shortcomings and made it more tolerable to keep him in the top six. Another season with that kind of luck seems unlikely, so Montreal needs to act this summer, especially with Michael Hage returning to the NCAA for another year. Montreal doesn’t exactly have an internal solution to fill the 2C slot at the moment.
Could Bolduc be part of a package to acquire a center? It depends on which player the Canadiens target. If they covet Robert Thomas of the Blues, St. Louis would surely love to reacquire him after he tallied 19 goals and 36 points for them as a rookie in 2024-25 before being dealt to Montreal last summer. If the Habs are looking elsewhere for a Nico Hischier-type player, Bolduc could be part of a package that includes other prospects and one or two draft picks.
What if the Canadiens see Bolduc as a potential top-six fixture? It would be easy to see why, given his offensive abilities and physical presence.
Bolduc has an excellent shot and is a natural goal-scorer who gets into the forecheck and can be difficult to play against. However, as good as he can be, there are questions about consistency and on-ice results.
The 23-year-old had 12 goals and 18 assists in 78 games this year, but much of his scoring came in bunches. There were several five-game (or longer) stretches throughout the year when Bolduc produced no offense, and his physicality was inconsistent as well.
A perfect example is a stretch from Dec. 24 to March 25, during which Bolduc produced exactly zero goals and just nine assists in 31 games. On March 26, he ended his goalless drought at 31 games with a goal and an assist against the Blue Jackets, but then proceeded to be held pointless for another seven games before a two-point game against the Islanders on April 12. It’s that sort of inconsistency and wild variation in production that will give the Canadiens pause about a long-term deal for Bolduc, making a bridge contract far likelier.
What might that look like? Based on AFP Analytics’ projections, something in the range of $3.588MM per year on a two-year deal would make sense.
That wouldn’t be a problem for Montreal, given where they are compared to the salary cap. A short-term deal would give the Canadiens more time to assess what they have in Bolduc and determine whether he’s part of the future or a piece they can leverage to fill other gaps on their roster.
But how does the bridge contract AAV compare to a long-term contract, and would it make more sense to lock Bolduc in for the next seven or eight years before he breaks out and becomes much more expensive? If there’s a team that knows what it’s like to get burned by signing a player, it’s the Canadiens, who once had to pay top dollar to extend P.K. Subban after a contentious bridge contract.
However, in this case, Bolduc is not Subban and doesn’t appear destined to become an award-winning forward. The AAV projection for Bolduc on a long-term contract is also eye-popping to say the least, coming in a shade under $6MM on a six-year deal.
The number on a long-term deal is likely a non-starter for the Canadiens until they see more from the Trois-Rivières, Quebec, native. It’s possible he goes on a tear in the postseason and convinces Montreal to go long term, but at this stage, the inconsistency, offensive droughts, and his inability to drive play are significant question marks that will likely prompt the Habs to opt for a bridge deal to get a longer look before committing to an extended term. That is, if he sticks with the Canadiens beyond this season.
The Maple Leafs Are The League’s Most Troubled Team
The headlines about the Maple Leafs over the past 12 months have been largely negative, and for good reason. The team hasn’t been good since being knocked out of last year’s playoffs in the second round, and they’ve been a circus off the ice as well.
But a team that just a few years ago had quiet, steady confidence has become a tsunami of chaos wrapped in a corporate blanket. The Maple Leafs are in trouble, not the kind that can be “fixed” in a season or two – as we’ve seen in Pittsburgh or Washington – but the kind that can lead to a decade of futility.
Before diving too deep into the rabbit hole, a quick caveat. If the right lottery balls fall and Toronto turns this boondoggle of a season into the first overall pick, Gavin McKenna, then all the points that follow could become moot.
However, if the lottery balls fall the other way and Toronto ends up with a non-top-five pick that will be sent to the Bruins, it would lead to a more disillusioned fanbase and more toxicity around an organization that has watched a once-promising rebuild completely unravel in just a few years.
Some might argue that it all came apart in the last 12 months, and there is a good case for that, given that Toronto saw its biggest year-over-year point decline in 109 years. But the truth is that the seeds of this tree of woe were planted years ago, and they’ve been soaking up water for the last couple of seasons, only to emerge as the Maple Leafs’ first playoff absence in ten years.
The issue for the Maple Leafs isn’t a single item on a checklist. It’s a systemic issue that has filtered down from the top and has culminated in this week’s news from The Athletic that Maple Leafs Sports and Entertainment president Keith Pelley has become deeply involved in roster construction, something he’d never done before.
The Athletic piece (subscription required), written in partnership by Jonas Siegel, Chris Johnston and James Mirtle, delves extensively into the Maple Leafs’ past season and pulls no punches in its depiction of their fall. History is littered with empires that fell, but for the Maple Leafs, the empire they were supposed to become when they emerged from a rebuild ten years ago never materialized.
How they turn things around at this time is incredibly unclear. There is perhaps only one quick fix: the aforementioned McKenna lottery ball going their way.
Outside of that, the road back to relevancy is paved with speed bumps, and at the moment, there isn’t an obvious candidate in the organization who can lead them to the promised land. There isn’t exactly a litany of candidates outside the organization, either, who could undo all the damage that’s been done to their roster.
Lots of names will get tossed around, but there aren’t many free-agent managers available who have built perennial Stanley Cup contenders, with the exception of Stanley Cup winner Peter Chiarelli, who is probably not high on Toronto’s list of candidates due to a litany of other roster construction blemishes on his record
Some have mentioned Mark Hunter of the London Knights as a potential candidate to take over, but Hunter had a somewhat sour experience with the Maple Leafs earlier in his career as an assistant GM, passed over for promotion in favor of Kyle Dubas, and may not want to leave the stability of the OHL Knights for the chaos of the Leafs. However, money can heal a ton of wounds, and if Toronto wanted to, they could probably find enough to mend fences with Hunter.
That is what Toronto will have to try to do if it wants to turn its current luck around in a hurry and flex its financial might. There is no cap on management, scouting, and player development, and it is an area where Toronto could invest heavily again to quickly retool or rebuild its roster. However, based on the story from The Athletic, it appears that Maple Leafs ownership has plans to move in the opposite direction, though they might not have a choice given the state of their roster and prospect pool.
When Toronto’s lineup is fully healthy, it’s not exactly a group that will strike fear into many opponents. There are significant gaps throughout, and not much toughness to speak of.
The biggest hole is on defense, where the team lacks a true number one defenseman who can run the power play, kill penalties, and play a solid two-way game at five-on-five. Many fans hoped Morgan Rielly would fill that role, but his game is all offense at this point, and that offense has been drying up in recent years.
The good news for Toronto is that they have plenty of cap space this summer ($22.2MM, with just three roster players to sign, per PuckPedia). However, the bad news is that there isn’t much available in free agency, and Toronto doesn’t have many draft picks or prospects to trade.
There are a few future pieces they could deal, but would it even make sense at this point to add to a core group of players who have won exactly nothing in ten years and have now gone through several management groups with almost no variation in results? The constant during that time has been Auston Matthews, William Nylander, and Rielly, who have all been on this ship while the deckchairs have shuffled around them year after year.
Is it time to move one of them? Can Toronto even move any of them, given their contracts, no-trade clauses, and last season’s struggles?
The core players have said they want to run things back in Toronto and give it another shot, which seems foolish at this point, given the track record. A new GM who comes in and tries to build around Matthews and company could be in for a fool’s errand, throwing good money after bad as they fall victim to the sunk-cost fallacy.
Make no mistake, every GM falls victim to it, throwing good assets out the window to undo previous errors. It usually doesn’t end well and can ultimately lead to a reduction in the contention window, which is exactly what happened in Toronto and elsewhere.
Many teams have done this before, burning through draft picks and prospects in pursuit of a playoff berth, only to miss and have nothing to show for it. The Penguins notoriously let Ron Hextall burn through assets in an attempt to save his job in 2023.
He traded a second-round pick for Mikael Granlund, who had the worst run of his career in Pittsburgh before the Penguins missed the playoffs. Hextall was fired shortly after the season, and Dubas came in and immediately made the same mistakes as Hextall, trading good assets for aging ones, before realizing his errors and pivoting to a retool.
Dubas then systematically moved out the Penguins’ veterans who didn’t fit the plan and moved on, recouping tons of young assets in the process. He also took on bad contracts along with draft picks to help teams that were strapped against the cap.
Some might look at the Dubas strategy and think it could work for Toronto, and who knows, maybe it could. But the issue is that it took Dubas two years to see results from those moves, and we haven’t fully seen those results yet.
Many of the draft picks Dubas acquired are in upcoming drafts. That strategy takes time, a lot of time, and time is something Toronto doesn’t have, given that Matthews has just two years left on his deal now.
Another issue for Toronto in deploying the Dubas strategy is that there simply aren’t as many teams up against the cap as there were a year or two ago, when Dubas made his moves. This means teams may be more inclined to simply bury bad contracts rather than trade them for an asset to get rid of them.
It was still painful for Pittsburgh, as they missed the playoffs for three straight years before making it this year. Retools take time; even when most of the moves work out well, there is no quick fix, only trade-offs. Toronto’s management has to decide which trade-off they are comfortable making before making management hires and pointing this team in a different direction.
Whatever direction is ultimately chosen, the road will be bumpy, but any team that finds success has to endure adversity, some more than others. And for the Maple Leafs, if they do eventually find success, they will have endured more adversity than any other team.
The Capitals’ Roster Outlook With Or Without Alex Ovechkin
The Capitals were a surprise omission from this year’s playoffs after an impressive regular season and a playoff appearance a year ago. The disappointing result wasn’t the biggest news out of D.C., though. Superstar captain Alex Ovechkin has been non-committal about his future, while also implying he hasn’t played his last game.
Ovechkin’s possible departure from the game poses an interesting conundrum for the Capitals after they successfully navigated a retool to remain competitive during the final years of Ovechkin’s NHL career. Washington might need to prepare to welcome him back next season, but they might also need to prepare for life without the face of their franchise.
Even if Ovechkin were to return for his age-41 season, he’s not a long-term fixture on the team and not someone they should really count on to log massive minutes, regardless of whether he’s there. So, what are their options?
The first thing that could happen is that Ovechkin does, in fact, hang up his skates. This would mark the end of an era, creating a massive void both on the ice and in the dressing room.
There would be a leadership void in the Capitals’ room, an identity shift, and a need to rethink their power-play structure, which runs through Ovechkin. In fact, almost everything in the organization runs through him, or has been done with him in mind. That includes the recent retool Washington went through, rather than attempting a full teardown while he was still on the roster.
For those thinking the Capitals will embark on a rebuild without Ovechkin, that doesn’t appear to be the case, given what Washington has done over the past few years. The team is committed long-term to Pierre-Luc Dubois, Matt Roy, Jakob Chychrun, Logan Thompson, and Tom Wilson, and isn’t likely to blow up the roster anytime soon, especially given that they have the 11th-ranked prospect pool in the NHL (as per Scott Wheeler of The Athletic).
There is simply no need for the Capitals to tear the roster down, but how they proceed with the rest of their roster could depend heavily on whether Ovechkin is in the mix.
In any event, Washington needs to add to their offense next season and appears inclined to do so. Pierre LeBrun of The Athletic spoke with Capitals general manager Chris Patrick last week, and they discussed Patrick’s attempts to sign Nikolaj Ehlers last summer prior to him joining the Hurricanes, as well as the team’s pursuit of Artemi Panarin at the trade deadline.
Neither of those attempts bore fruit, but it does indicate that the Caps know they need more scoring, with or without Ovechkin. One thing that will become clear is that Washington can’t run the offense through Ovechkin anymore, and he will need to fill more of a depth-scoring role than an offensive focal point, even as he comes off a team-leading 32-goal, 64-point season.
Realistically, the best thing for the Capitals would be to have Ovechkin return for one more season, while adding secondary scoring options. That would allow the team to transition slowly away from Ovechkin while onboarding additional players who don’t have to be the guy right away.
Just who those players could be is up in the air, but the Capitals do have significant assets in the draft pick catalog and their farm system who could be moved in a trade, which will likely be the path to acquiring a player unless they want to overpay for an Alex Tuch-type player in free agency.
The Capitals could get aggressive there, as they have $36.5MM in cap space with 17 players signed. Even if they extended Ovechkin for one year at market value ($9.068MM, according to AFP Analytics), Washington would still have $27.5MM available to sign five players.
The scenario where Ovechkin returns for another season could be special if the Capitals make strong moves in the summer. It would allow Ovechkin to control his exit, give the team the aforementioned transition year, and, if the team has better depth, they could use Ovechkin situationally to maximize his contributions.
Some folks might say it delays necessary changes or leaves the team stuck in the middle between eras, but given the state of Washington’s depth, that line of thinking seems silly. Ovechkin can still play and lead the Capitals’ younger players into the next era without being a distraction or dominating their development.
Washington was in a gray area this season, but long-term, with their prospect pool and available cap space, they have a chance to move into contender status with or without Ovechkin. It will just take some foresight and some luck to accomplish it.
One thing Ovechkin’s possible departure will force in Washington is some focus on the future. Whether or not he returns next season, his career is almost done, and Washington knows that now.
They don’t have to reset their timeline entirely, but they do need to be realistic about where they’re going when Ovechkin eventually goes. However things play out, the Capitals are approaching a summer that will define the franchise’s next decade.
It’s much more complicated than it has been in the past, because the mission has been simple for two decades: build around Ovechkin. But now the mission has become one of building after Ovechkin.
Why Has The Steve Yzerman Era Been A Failure?
When Steve Yzerman rejoined the Red Wings in 2019 and began a rebuild in the Motor City, many wondered how long it would take the NHL Hall-of-Famer to build a powerhouse like the one he’d built for the Lightning. Some seven years into that tenure, the questions within the organization have shifted, and one narrative has become clear. Yzerman’s plan has been a colossal disaster thus far, raising the question of how much more time he will get to turn around a Red Wings team that hasn’t been in the playoffs in a decade.
It’s not as though Yzerman hasn’t built decent teams. The Red Wings have been competitive in the Eastern Conference over the past handful of seasons but haven’t made the postseason, despite being in a position to secure a playoff spot. This year, the Red Wings spent most of the season in a playoff spot, only to fall apart at the end and miss by just a few points. This pattern repeated in previous years as well. So, what happened, and what needs to happen next?
When Yzerman took over, he did a terrific job pivoting to a rebuild and trading roster players for future assets. The Anthony Mantha trade with Washington in 2021 was a home run, acquiring Jakub Vrána, a first-round pick, and a second-round pick. He also made the 2023 Tyler Bertuzzi trade, which brought in another first-round pick, and the Filip Hronek trade with Vancouver, which brought in an additional first- and second-round pick.
The Hronek trade didn’t work out well for Detroit, but it was an okay move given where the team was. Not long after, Detroit acquired forward Alex DeBrincat from the Ottawa Senators, a move that suggested Yzerman felt the team was ready to move from rebuilding to trying to win now.
He also did well to identify core players to build around through trades and the draft, before locking them into reasonable long-term deals. Dylan Larkin, Moritz Seider, and Lucas Raymond are all signed to solid long-term contracts, with Seider and Raymond being Yzerman draft picks. Overall, it’s hard to find fault with Yzerman’s early work, as he laid a solid foundation to build on.
Where Yzerman has gone wrong is in his pursuit of veteran talent to insulate his younger stars; and to say he’s gone wrong is putting it very kindly. Yzerman has failed at almost every turn in his attempts to acquire veteran players, both in trades and in free agency.
The summer of 2022 was an especially egregious period for the Red Wings’ salary-cap structure, as Yzerman signed defenseman Ben Chiarot and forward Andrew Copp to bloated multi-year deals that have been awful value for Detroit. Chiarot received a four-year deal worth $4.75MM per year, which was a lot of money for a defenseman who generally makes his defense partners worse and is constantly on the wrong end of the possession game. Chiarot had his strengths, too, but given how he’d fared in his career when asked to do too much, it was inevitable that the results wouldn’t be good in Detroit.
Copp, on the other hand, signed a five-year deal worth $5.625MM annually and came to Detroit with a lot of promise and versatility. However, he had only one season with over 20 goals and 50 points, so expecting him to be a consistent offensive contributor was too high a bar for Copp, which is part of why his run has been disappointing for Red Wings fans. The issue was ultimately that Copp was paid to be a top-six forward, but he slots better as a middle-six option.
Yzerman’s poor work in free agency continued in 2023 when he signed UFA defenseman Justin Holl to a three-year deal worth $10.2MM, which proved disastrous for Detroit. Holl recorded two goals and 11 assists in 111 games as a member of the Red Wings and had to be dealt to St. Louis at the deadline as part of the Justin Faulk trade.
The Holl signing, and even the Faulk trade to a lesser degree, highlight a major flaw in Yzerman’s building strategy, as he has consistently tried to patch together his defense core with veteran players who don’t move particularly well and are on the backside of their careers. Chiarot, Faulk, Holl, and especially Jeff Petry all highlight this issue. In fact, Yzerman’s moves on his backend could be the ultimate undoing of his tenure in Detroit, as he has sent Jake Walman and Hronek out the door and essentially replaced them with Chiarot and company.
The Walman sequence was an especially curious error. Walman was dealt to San Jose along with a second-round pick, only to be traded less than a year later by the Sharks to Edmonton for a first-round pick. The move gift-wrapped two premium draft picks for the Sharks, who paid 50 games’ worth of Walman’s $3.4MM contract in exchange for them. Edmonton eventually signed Walman to a regrettable seven-year extension, but the real loser in the sequence of events was Detroit, which traded Walman along with an asset only to see him traded for an asset. The Walman trade tree is a real indictment of Yzerman and company’s pro scouting, which has failed Detroit in free agency too often.
The defensive contraction and the free agency failures have been Yzerman’s downfall thus far in Detroit, and even though he has won many of the trades he’s made, he hasn’t been able to undo some of the damage he’s done in the summertime and now the Red Wings are at a crossroads where many teams who never rebuilt (Washington and Pittsburgh) have lapped them, even though Detroit went through a long painful rebuild.
Darren Raddysh Is Going To Get Paid This Summer
Lightning defenseman Darren Raddysh had been a consistent point producer for a couple of seasons, but what he’s done in Tampa Bay this year is out of this world. Raddysh entered the season with last year’s 37 points (six goals and 31 assists) in 73 games as the high-water mark in his NHL career, but he has obliterated those numbers with 22 goals and 48 assists in 73 games at season’s end. Those kinds of numbers are certain to attract attention in the free-agent market, as Raddysh is a pending unrestricted free agent and couldn’t have picked a better time to have a career year.
At the start of this season, the 30-year-old Raddysh seemed poised to secure something in the range of a three-year, $9MM contract that would give him a solid raise and some stability. However, Raddysh went on to make this the most interesting free agency period of the offseason. It’s not often that a defenseman is the top-scoring free agent available, especially a right-handed one. Raddysh is a special case, and the bidding for his services could get wacky if he hits the open market.
The longer Raddysh remains unsigned, the more likely it becomes that he will test the market. Even though he would probably appreciate the security of a long-term deal with Tampa Bay during the season, the idea of free agency has to be on his mind. Raddysh has earned NHL money for only a few seasons and has never carried a cap hit over $1MM, even though he made $1.114MM in actual salary in the first year of his current two-year, $1.95MM deal.
There is danger in waiting too long to sign, and that danger is that Raddysh’s luck runs out. While Raddysh and his defense partner, J.J. Moser, have had terrific puck luck, with Raddysh carrying a goal share above 80% and a PDO of 101.6, their streak of good fortune won’t last forever. For Raddysh, that could mean a swing of millions of dollars if it runs out in the playoffs. But his success hasn’t been built solely on luck; he’s also been incredibly effective in Tampa Bay, as the team has largely controlled the play when he is on the ice.
So, what kind of contract could Raddysh be looking at this summer? AFP Analytics projects him to receive a four-year deal worth just over $5.3MM per season, which feels a bit light given how thin the free-agent market is, particularly for right-shot defensemen. For Raddysh, the term is also likely shorter than he would like, given how little security he’s had to this point in his career.
There will never be a better time for the 30-year-old to cash in, with the market set up for him to pursue a maximum-term contract. There are many teams with ample cap space to get involved, and right-shot defenders always command a premium. $6MM-$7MM might seem like a wild number for a player with such a small sample size of high-level play, but the rising salary cap has created a new economic climate that NHL teams and players have never encountered before.
Will Tampa Bay step up and give Raddysh an extension? To this point, they’ve been hesitant, and for good reason. There aren’t many players with the career progression Raddysh has shown, so the Lightning are rightfully cautious.
With so many high-ticket, long-term deals already on the books, and another to be signed when Nikita Kucherov becomes a UFA in the summer of 2027, getting a Raddysh deal wrong could be a real issue for the team as it moves toward the end of its contention window. But Tampa Bay might be forced to get it wrong if they want to keep Raddysh, because not only is he the best defenseman available, but he might also be the best free agent available at all.
If Tampa doesn’t sign Raddysh, which teams could be interested? The Maple Leafs will likely be mentioned as a potential suitor. The Ducks will surely be in on him with their entire right side set for UFA status this summer. The list could be 10-15 teams long, given that 23 teams have more than $15MM available this summer and nine have more than $30MM in cap space.
The Sharks and Penguins have the most cap space, but it’s hard to imagine Raddysh getting attention from Pittsburgh, as they already have Kris Letang and Erik Karlsson on the right side, with prospect Harrison Brunicke on the way as well. However, the Sharks could be interested, as they are set to enter their contention window and could look to add offense to their back end.
In any event, Raddyish is going to have a ton of suitors, and he will have full control of his own destiny, provided he reaches free agency on July 1. Tampa Bay remains a premium destination for players thanks to the nice weather, favorable tax situation, and a premier NHL franchise with a long track record of recent success. Raddyish is going to have a difficult decision to make, but one that almost every NHL player would love to have one day.
Assessing This Summer’s Buyout Candidates
Every summer, several NHL teams issue buyouts to veteran players who have significantly underperformed on their often high-priced contracts. It is usually difficult for a team to admit this mistake and make such a move, as it often reflects poorly on management’s initial decision to acquire the player. As Kyle Dubas once said, “buyouts are a last resort.”
There will undoubtedly be some this year, though, and it’s probably not who you would expect to see be bought out. Most fans might expect Darnell Nurse, Jonathan Huberdeau, Tristan Jarry, Elias Pettersson, or even Ryan Graves among the buyout candidates. However, those five players all have contracts with large signing bonuses, making their buyout prospects slim. Still, several underperforming players on big contracts could find themselves in the buyout discussion.
The first player has become a lightning rod for criticism within the Toronto Maple Leafs. No, it isn’t Auston Matthews; it’s defenseman Morgan Rielly. The 32-year-old Rielly was once a top offensive defenseman, but he’s never been particularly strong defensively.
Now his offensive game has declined, exposing many of his defensive flaws even more. When Rielly led Toronto’s transition game, you could accept everything he sacrificed defensively as the cost of his offensive contributions, but without elite offense, he’s a middle-tier offensive defenseman who struggles in his own zone.
You could argue that Rielly’s defensive struggles are mainly due to being on a poor defensive team, but the truth is that he wasn’t strong defensively even when the Maple Leafs had a solid possession numbers. Still, is it worth buying him out? Probably not. Rielly currently earns $7.5MM a year and has four years left on his contract. Despite the cost, he might be worth keeping or trading.
A Rielly buyout would have Toronto paying him $3.5MM per season for the next four years, followed by $2MM annually for the subsequent four years. Sure, the cost savings over the next four years would be $4MM annually, but then the team needs to find a top four defender to replace Rielly, and the Maple Leafs likely won’t find one for less than the savings amount. A trade would be the best option for Toronto, but Rielly still has the leverage for the next two years with a full no-movement clause, which could complicate any potential trade.
Sliding east of Toronto, the Canadiens have a potential buyout candidate in veteran forward Brendan Gallagher. Including the 33-year-old on this list will upset some, but his decline since 2021 has been well-documented.
Prior to 2021, Gallagher was one of the most consistently effective 5-on-5 scorers in the NHL. However, Father Time is undefeated, and Gallagher is no longer a top-nine forward, even though he still earns like one. With just six goals and 16 assists in 76 games this season, he has been a healthy scratch for Montreal this week, which could be a sign of what’s to come. Montreal boasts a strong group of forwards, with more young prospects on the way, and it could become a numbers game that Gallagher loses.
The other side of the argument with Gallagher is that he has only one year left on his contract, with a cap hit of $6.5MM, but he is owed just $4MM in actual salary. It’s possible he could be traded to a team trying to reach the salary cap floor or swapped for another problematic contract. If Montreal considers a buyout, it would save them $2.67MM next season but add a $1.33MM cap charge in 2027-28.
Since Montreal has most of its core signed and over $12MM in cap space available this summer, it has no immediate need to part ways with Gallagher unless it plans a major move. There’s also a potential morale issue if the Canadiens decide to release a popular veteran who has given everything to the organization, the fans, and the city.
Staying in Canada shifted the focus westward. Oilers forward Trent Frederic and his contract sent shockwaves through the NHL just 12 months ago when it was signed. Many pundits were left scratching their heads when the Oilers inked Frederic to an eight-year, $30.8MM contract extension just days before free agency opened.
The $3.85MM cap hit was a bit high for many people’s tastes, but not outrageous, given that Frederic was a pending UFA. However, the length of the deal seemed excessive for a role player, especially one who wasn’t very effective last season.
This year, Frederic has four goals and three assists in 70 games. That’s poor offensive production for anyone, let alone a player earning nearly $4MM annually. Some of this can be attributed to an unusually low shooting percentage of 5.7%, about half of his typical success rate. If he regresses to the mean next season, he should score more goals, but it’s not just his offensive numbers this season that are concerning.
Aside from one season when he tallied 40 points, Frederic has never been a significant offensive contributor or a player who drives or controls the pace of play, making the eight-year contract a particularly poor decision.
There is just a lot wrong with Frederic’s game, and in an era where making mistakes on mid-tier contracts can be disastrous due to the parity in the NHL, this one is particularly bad. That said, Edmonton would have to absorb a 14-year cap hit if it bought out the 28-year-old, which means he’s probably staying beyond this season.
Finally, we come to the most obvious candidate: Jesperi Kotkaniemi, who is somehow still just 25 years old. When the Hurricanes sent an offer sheet to Kotkaniemi back in August 2021, they were betting on his potential to become a top-six center.
After all, Kotkaniemi was a third overall pick in 2018 and had the skill set to elevate his game and move up the lineup. However, the offer sheet was very ill-advised, with the idea reportedly coming from Hurricanes owner Tom Dundon in response to the Montreal Canadiens’ offer sheeting Sebastian Aho two years prior.
Kotkaniemi never really developed an offensive side to his game, and at this stage of his career, he is what he is – a reasonably good defensive center (although his numbers there have dipped this season as well) who doesn’t score much. This year, Kotkaniemi has two goals and seven assists in 38 games. Although he put up 43 points a few years ago, it doesn’t seem likely that he’ll become a consistent 40-point player. At $4.82MM a year for four more seasons, the Hurricanes have an opportunity to save some serious cash by buying him out.
Due to his age, Carolina could buy out Kotkaniemi this summer for just 33% of the remaining money on his deal, which is about $6.8MM. That would save Carolina almost $4MM next season, and $4.35MM in each of the three years after that.
Now, the Hurricanes are usually not a cap team, but they have only $14MM available this summer (as per PuckPedia) and four players to sign. If they want to add to the lineup and improve their chances in the quest for the Stanley Cup, this could be a way to create some much-needed breathing room under the salary cap.
Photo by Sergei Belski-USA TODAY Sports