2024 Key Offseason Dates
With free agency now set to open within a month, it’s time to look at the flowchart for another extremely compact offseason. Below are some notable dates and deadlines to watch for as all but the Oilers and Panthers begin their offseason preparations in earnest.
June 3 – June 8
NHL Scouting Combine
June 8
Game 1 of the Stanley Cup Final.
June 24
The last possible day of the Stanley Cup Final.
48 hours after Stanley Cup Final ends
The first buyout window (and the only buyout window for teams without any arbitration filings) opens. Teams can spread out two-thirds of their remaining base salary over twice the remaining length of their deal for players 26 and older and one-third for players 25 and younger. The players must first be placed on unconditional waivers before being bought out unless they have a no-move clause.
This also marks the deadline for the first club-elected salary arbitration window. If a team elects for arbitration with an eligible pending restricted free agent in this window, it serves as a qualifying offer.
June 27
2024 NHL Awards
June 28
Round 1 of the 2024 NHL Draft
June 29
Rounds 2-7 of the 2024 NHL Draft
June 30, 4 p.m. CT
Deadline for teams to tender qualifying offers to their pending RFAs. Those who don’t receive QOs will become unrestricted free agents the following day.
This is also the end of the first buyout window afforded to teams. Clubs dealing with arbitration filings will have a second buyout window lasting 48 hours beginning three days after the later of the settlement of the team’s final arbitration case or the receipt of the team’s last arbitration award. In this window, a buyout can only be performed on a player who was on the team’s reserve list at 2 p.m. CT on March 8 (trade deadline day) and has a cap hit of at least $4MM in the 2024 offseason.
July 1, 11 a.m. CT
The new league year begins, and players on expiring contracts officially become restricted/unrestricted free agents.
July 5, 4 p.m. CT
Deadline for eligible RFAs to file for salary arbitration.
July 5, 4:01 p.m. CT – July 6, 4 p.m. CT
The second window for clubs to file for salary arbitration with eligible RFAs.
July 15, 4 p.m. CT
Qualifying offers expire unless extended in writing by the team. Even if unsigned, teams retain qualified players’ signing rights.
July 20 – August 4
Salary arbitration hearings are held.
August 15, 4 p.m. CT
Exclusive signing rights for unsigned graduated college-drafted players expire.
Offseason Checklist: Tampa Bay Lightning
The offseason has arrived for all but a handful of teams who are still taking part in the playoffs. Accordingly, it’s now time to examine what they will need to accomplish over the coming months. Next up is a look at Tampa Bay.
The Lightning managed to make the postseason for a seventh year in a row, but further confirmation that their contending window is coming to a close came swiftly via their cross-state rivals. The Panthers, now just one win away from advancing to the Stanley Cup Final, dispatched them in a quick five-game series, their first win in three playoff series against the Bolts. Now, with back-to-back non-elite regular seasons and a pair of first-round eliminations, general manager Julien BriseBois needs to pull off some tricks to keep the franchise from spiraling into mediocrity after its greatest stretch of success in franchise history.
Re-Sign Stamkos
BriseBois already checked one major item off his offseason checklist, acquiring some much-needed defensive help by acquiring former Bolt Ryan McDonagh from the Predators. Unfortunately, that’s created a temporary cap crunch that makes contract extension negotiations with captain Steven Stamkos much more difficult.
It isn’t the first time the future Hall-of-Famer has gotten dangerously close to becoming a UFA. Negotiations were testy after a five-year bridge deal expired in 2016, and he waited until 48 hours before the market opened to sign an eight-year, $68MM extension. With that deal now run out, Lightning fans will hope it doesn’t take that long again. It wouldn’t be a good sign for a player who, despite expressing a strong desire to remain in the only NHL market he’s ever known, was disappointed with the lack of extension talks last summer.
He’d likely take a discount on his market value, somewhere in the $8MM range annually, to stay in Tampa. But their current projected $5MM of cap space with a minimum of one other roster spot to fill likely won’t cut it, especially since he’s not eligible for performance bonuses.
They’ll need to free up space to get it done, something the rest of this checklist examines in more detail. But even as Stamkos’ even-strength numbers begin to dip, he’s a bonafide top-six winger that they don’t have the offensive depth to shoulder the loss of. He still managed to rack up over a point per game this season, recording yet another 40-goal campaign with 81 points in 79 contests. The 34-year-old was also their goal leader in the playoffs, lighting the lamp five times in five games.
Offload Bloated Forward Contracts
The Lightning reached three straight Stanley Cup Finals largely because of their cost-effective depth scoring. BriseBois has failed to continue that trend in the past two years thanks to a pair of ill-advised acquisitions.
One was much more harmful than the other, and he’s already on the trade block. BriseBois gave up five draft picks, including a first-rounder, to pick up grinder Tanner Jeannot from Nashville in a trade last year. He’s managed just eight goals and 18 points in 75 games for the Bolts since the deal and spent a good portion of the 2023-24 campaign on the shelf. Averaging fringe third-line minutes, they can’t afford to keep him at his $2.67MM cap hit next season. There’s still optimism around the league that he can rebound to his 24-goal form with the Preds two years ago, but with a 16-team no-trade list kicking in on July 1, they’ll need to move on from him in short order.
There’s also the matter of Conor Sheary, who BriseBois inked to a three-year, $6MM deal with trade protection in free agency last summer. He managed only four goals and 15 points in 57 games this season and was a healthy scratch for most of the stretch run, including all five of their playoff games. His spot in the lineup was replaced by minor-league call-up Mitchell Chaffee, who’s already inked a cost-effective extension with an $800K cap hit. His $2MM cap hit can’t be afforded for a player who provided league-minimum value this season, and it wouldn’t be surprising to see BriseBois offload him in a pure cap-dump transaction. He has a full no-trade clause at the moment, although it downgrades to a 16-team no-trade list on July 1.
Combined, the moves would bring the Lightning’s cap space to nearly $10MM, enough to re-sign Stamkos and add a low-cost depth scoring forward on the free agent market to help replace Jeannot and Sheary.
Get Another LTIR Contract
Having retired defenseman Brent Seabrook‘s contract on the books for the past two seasons was beneficial to the Bolts. After confirming he wouldn’t play again due to injury, Tampa acquired the Cup-winning defenseman’s $6.875MM cap hit from Chicago, placing him on long-term injured reserve for the past three seasons to help give them in-season spending flexibility.
That contract has now run out, though, and they’re entering the summer without anybody available to help fudge their spending limit. That doesn’t mean they can’t pull off another trade to acquire a dead contract, though. As part of their purchase of the Coyotes’ hockey operations, NHL Utah is picking up the final two seasons of injured center Bryan Little‘s contract, which carries a $7.86MM cap hit. With Utah GM Bill Armstrong having full permission from ownership to spend to the salary cap, unlike years past in Arizona, Little’s deal becomes an inhibition for Utah rather than a benefit to help them hit the cap floor.
If they have interest in selling the final two seasons of Little’s contract, expect the Lightning to engage. It wouldn’t mean much for their off-season spending, but placing him on LTIR once the season starts could give them some slight in-season recall and trade flexibility. The few other LTIR-bound contracts around the league are proving advantageous to their current clubs, such as the Golden Knights’ Robin Lehner, so Little might be BriseBois’ only option if he wants to go that route.
Upgrade Backup Goaltending
Tampa struggled defensively, ranking below average in goals against, but it wasn’t all on their skaters. Star netminder Andrei Vasilevskiy had a remarkably pedestrian season after recovering from preseason back surgery, allowing more goals than expected based on the shot quality he faced for the first time since 2015-16, per MoneyPuck. His .900 SV% was also right in line with the league average.
The four-time Vezina finalist could easily return to form after a healthy offseason, but relying on him to carry elite numbers through 60-65 appearances as he enters his 30s will become unrealistic. Throwing league-minimum backup Jonas Johansson to the wolves to start the season didn’t have good results, and he finished the campaign with a poor .890 SV% (that was still above his career average) in 26 appearances.
Waiving Johansson and spending even just $500K more on a more proven backup option in free agency could make a major difference in the standings for Tampa next season in an increasingly competitive Atlantic Division.
Photo courtesy of USA Today Sports.
NHL Sets Arbitration, Offer Sheet Thresholds For 2024
Offer sheets haven’t overtaken offseason discourse in three years now. Only the Canadiens and Hurricanes have gotten in on the little-used RFA acquisition technique in recent years, with Montreal unsuccessfully trying to steal star center Sebastian Aho from Carolina in 2019 and the Canes gaining 2018 third-overall pick Jesperi Kotkaniemi via an unmatched one-year, $6.1MM offer.
There are some RFAs this summer that seem less-than-likely to re-sign with their current clubs, namely Hurricanes forward Martin Nečas and Canucks defenseman Filip Hronek. While both are expected to change hands via trade if they do move teams this summer, they’re both eligible to sign offer sheets if a team presents one.
Thresholds are derived from the league’s average salary, which jumped over six percent from last season. As such, the goalposts for each draft pick compensation tier have moved toward the higher-value end of the field, with PuckPedia confirming this year’s full breakdown:
| AAV | Draft picks required |
| $1.51MM or less | No compensation |
| $1.51MM to $2.29MM | Third-round pick |
| $2.29MM to $4.58MM | Second-round pick |
| $4.58MM to $6.87MM | First and third-round picks |
| $6.87MM to $9.16MM | First, second and third-round picks |
| $9.16MM to $11.45MM | Two firsts, a second and third-round picks |
| Over $11.45MM | Four first-round picks |
It is important to note that any team trying to sign a player to an applicable offer sheet must use their own draft picks for compensation, not acquired ones. That rules several teams out already from signing high-profile RFAs unless they were to work to reacquire their picks before submitting the contract.
An offer sheet’s average annual value is also calculated slightly differently than a standard contract. If the contract is longer than five years, the total salary is still divided by five to determine the AAV. That would mean a seven-year contract worth $8MM per season ($56MM total value) would carry an AAV of $11.2MM for the purposes of offer sheet compensation. For more information about the details of offer sheets, check out CapFriendly’s FAQ.
Additionally, with the league’s average salary rebounding past its pre-pandemic figure, the arbitration award required for a team to walk away from a deal has increased for the first time since 2020. That number is now roughly $4.74MM, per PuckPedia, jumping around $200K. If an arbitrator awards a one- or two-year deal with an AAV less than $4.74MM, a team must sign the contract.
Wild Fire Assistant Coach Darby Hendrickson
The Wild fired assistant coach Darby Hendrickson on Friday after a 14-year run behind the Minnesota bench, general manager Bill Guerin announced.
Hendrickson, 51, had served as an assistant since the 2010-11 season, a few years after retiring from a lengthy playing career that included suiting up for the Wild in their first four years of existence. He’d played or served under all seven head coaches in Minnesota history. However, as Michael Russo and Joe Smith of The Athletic write, he becomes a casualty of head coach John Hynes looking to reshape his staff ahead of his first entire season with the club. As Russo and Smith reported, Guerin also felt it was time for Hendrickson to move.
“I would like to thank Darby for all his hard work and commitment to the Minnesota Wild during his long tenure with our organization,” Guerin said. “He has done a tremendous amount of good things for our team and the State of Hockey as a player and a coach. I wish Darby and his family all the best in the future.”
Hendrickson has no other coaching experience outside of his run with the Wild. He’ll now be considered for the numerous assistant vacancies remaining around the league.
As for the Wild’s vacancy created by Hendrickson’s firing, Russo and Smith believe it could be filled via an internal promotion. They suggest longtime Rangers pivot Derek Stepan will be considered after he spent the season around the organization shadowing coaching and hockey operations staff. However, he didn’t hold an official role with the club. The 33-year-old Stepan retired last summer after a 13-year, 890-game career with the Coyotes, Hurricanes, Rangers and Senators.
Latest On Dakota Joshua
Canucks forward Dakota Joshua could be one of the more appealing depth scoring options on the free agent market if he doesn’t sign an extension before July 1. While both he and the team have expressed a willingness to get a new deal across the finish line, they’re not close to an agreement with one month until July 1, Rick Dhaliwal said on CHEK’s “Donnie & Dhali” earlier this week.
Negotiations with all of Vancouver’s pending free agents will likely be stuck in the mud until one of them takes a massive leap forward. General manager Patrik Allvin has one of the longest offseason to-do lists in the league. He has plenty of notable players on expiring deals. A lack of cost certainty for any of them makes it difficult to know how far they’re willing to go to retain any individual.
On the open market for the second time in his career, the breakout winger had 32 points in 63 contests for the ‘Nucks this season, a 42-point pace had he played in all 82. He backed that up with strong possession numbers while averaging 14:23 per game, the highest usage of his four-year, 184-game career.
A late bloomer, Joshua is unlikely to take much of a further step forward at age 28, but he’s not afraid to lay the body and has fully established himself as a capable, versatile middle-six forward. He averaged 1:50 per game on Vancouver’s penalty kill this year and boasted positive relative possession results (0.5 relative CF%) in the process. Evolving Hockey projects a conservative two-year, $2MM AAV deal on the open market, likely due to his lack of experience, but few would be surprised if he lands nearly twice that figure.
That wide range of possible deals makes it difficult for Allvin to commit, considering he also needs to save funds to re-sign or replace top-six center Elias Lindholm and most of his defense corps, including Ian Cole, Filip Hronek, Tyler Myers and Nikita Zadorov. The Canucks have $23.75MM in projected cap space with up to eight open roster spots, CapFriendly projects.
One team that could come calling if Joshua is available come July 1 is the Maple Leafs. They selected him 128th overall in 2014 but traded his signing rights to the Blues before getting him under contract.
If so, he’d be open to signing this time around, James Mirtle of The Athletic said during a podcast appearance Thursday. He’d be a logical fit to replace Tyler Bertuzzi in their top nine if they can’t manage to extend him before free agency opens.
Stars’ Chris Tanev Remains Uncertain For Game 5
The Stars may be without their top shutdown option on defense as they attempt to take a 3-2 series lead in the Western Conference Final over the Oilers. Chris Tanev will officially be a game-time decision for Game 5 after blocking a shot in the second period of Game 4, head coach Peter DeBoer told reporters this morning.
DeBoer said he was “optimistic” about Tanev’s ability. The veteran blue liner was seen in a walking boot while traveling back to Dallas yesterday.
If Tanev is unable to go, he may not be the only injury-related absence for the Stars tonight. DeBoer also told reporters that multiple forwards are dealing with ailments, and he likely won’t know who’s able to play until after warmup (via the team’s Bruce LeVine).
The Stars acquired Tanev, 34, from the Flames in late February for a package that included a second-round pick and defense prospect Artyom Grushnikov. While he’s only logged one assist in 17 games of postseason play, he’s been an incredibly valuable defensive presence and has averaged over 22 minutes per game.
Tanev’s +6 rating is third on the team behind Thomas Harley and Tyler Seguin (+8). He’s logged 170 minutes with Esa Lindell as his defense partner in the postseason, controlling 50.3% of expected goals, per MoneyPuck.
His absence would likely result in Nils Lundkvist entering the lineup for the first time this series. Veteran defensive specialist Jani Hakanpää remains unavailable with the lower-body injury that’s kept him out since mid-March, DeBoer said (via team radio host Owen Newkirk).
Lundkvist, 23, hasn’t played since Game 5 of the second round against the Avalanche and averaged just 4:27 per game in his 12 appearances earlier this postseason. Two other options, 2022 first-round pick Lian Bichsel and minor-league mainstay Derrick Pouliot, are rostered and theoretically available to play, although it would mark Bichsel’s NHL debut and Pouliot’s first playoff game since 2016 with the Penguins. Bichsel has been told to be prepared to play if Tanev is out, though, he told EP Rinkside’s Sean Shapiro.
Predators, Anthony Beauvillier Have Had Extension Talks
Trade deadline pickup Anthony Beauvillier is interested in signing an extension with the Predators, per a report from David Pagnotta of The Fourth Period. An agreement doesn’t appear imminent, but they’ve had positive initial discussions.
It’s no surprise that Beauvillier wants to stick in one place this summer. He was traded twice this season, splitting 2023-24 between the Canucks and Blackhawks before heading to Nashville a day before the deadline. Overall, he’s suited up for four teams over the past two years, as he headed from the Islanders to Vancouver in last season’s Bo Horvat blockbuster swap.
Also unsurprisingly, his unsteady campaign yielded some disappointing numbers on the scoresheet. The former 20-goal scorer lit the lamp only five times in 60 games this season, a career-low. He added 12 assists for 17 points with a -8 rating, a difficult showing for the pending unrestricted free agent. He turns 27 early next month.
It’s not like he had a late-season turnaround with the Preds, either. After general manager Barry Trotz sent Chicago a 2024 fifth-round pick to acquire the longtime Islander, he averaged 12:17 per game through 15 contests and had a goal and two assists with a -6 rating. He played a similarly limited top-nine role in the postseason, logging a goal and an assist in their six-game loss to the Canucks while playing just over 13 minutes per game.
Coming off a tough year, he shouldn’t cost too much to extend. Evolving Hockey projects a three-year, $2.8MM AAV deal for Beauvillier to remain in Nashville. That could be a solid bet for a player whose career numbers suggest a rebound campaign is on the way in 2024-25.
His biggest outlier this season was his shooting percentage. Beauvillier’s reduced usage did mean he wasn’t generating as many shots on goal, averaging 1.75 per game compared to 2.15 last season. But he finished at just 4.8% in 2023-24, far below his 10.9% career average. He also shot over 13% three times with the Isles, although he hasn’t finished at that rate since 2020-21.
Beauvillier isn’t exactly a two-way force, but his possession numbers haven’t been close to liability territory, either. His career 47.6 CF% at even strength is exactly in line with the averages of the teams he’s played on, and his career 49.2 xGF% is subpar but not awful.
Over his eight-year, 550-game career, Beauvillier has accumulated 116 goals and 130 assists for 246 points. That works out to a 17-goal, 37-point average in an 82-game season – fine numbers for a run-of-the-mill third-line winger. He did have a career-high 40 points split between the Isles and Canucks just one year ago.
He doesn’t move the needle much for a Predators team that struggled with impactful depth scoring this season, but he is a rebound target that wouldn’t be prohibitively expensive to retain and has more offensive upside than some of their other currently projected third- and fourth-line wingers. With $26MM in projected cap space this offseason (CapFriendly), a lack of funds won’t be an issue if they decide to kick extension talks into high gear.
Canadiens Sign Jared Davidson To Entry-Level Deal
The Canadiens have signed center Jared Davidson to a two-year, entry-level deal, per a team release. The Canadian pivot was set to become an unrestricted free agent tomorrow at 4 p.m. CT if not signed to his ELC.
Davidson, 22 in July, is coming off his first professional season for the AHL’s Laval Rocket. He made 38 appearances for the Habs’ top minor-league affiliate, scoring 11 goals and five assists for 16 points with 31 PIMs and a +1 rating.
Initially eligible for selection in the 2020 draft, he was passed over twice before landing with Montreal via the 130th overall pick in 2022. The Edmonton native spent his amateur career with the Seattle Thunderbirds of the Western Hockey League. He was a non-factor offensively in his draft year, limited to 16 points in 59 games, but had a strong run during the COVID-shortened 2020-21 season (19 points in 23 games). That prefaced a major breakout in 2021-22, learning All-Star nods after leading the T-birds in scoring with 89 points (42 goals, 47 assists) in 64 games, thus earning him draft consideration.
Financial terms of his entry-level pact weren’t initially disclosed. The two-year term carries him through the 2025-26 season, and he’ll be a restricted free agent upon expiry if tendered a qualifying offer.
Canadiens Won’t Re-Sign Tanner Pearson
Add Tanner Pearson‘s name to those all but confirmed to be heading to market in July. The Canadiens have opted not to re-sign the 2014 Stanley Cup champion, David Pagnotta of The Fourth Period reports.
The 31-year-old will reach unrestricted free agency for the first time in his career. While he’s switched teams three times in his 11-year career, all have been via trade.
Pearson’s had a rough go of the past two seasons, missing significant time due to injuries. With the Canucks in 2022-23, Pearson needed multiple hand surgeries and was limited to one goal in 14 games. His extended stay on long-term injured reserve spurred comments from then-teammate Quinn Hughes that his injury wasn’t being addressed properly by the team’s medical staff, prompting brief NHLPA scrutiny.
He was cleared to play entering training camp last September, but a cap crunch in Vancouver prompted the Canucks to trade him to the Canadiens along with a 2025 third-round pick for backup goaltender Casey DeSmith. Pearson, who cost $3.25MM against the cap this season, was limited to five goals, eight assists, 13 points and a -12 rating in 54 appearances with the Habs.
There was some interest in his services nearing the trade deadline, but reports at the time indicated none of the offers were strong enough to convince general manager Kent Hughes to execute a move. Now, Pearson walks for nothing after averaging 12:56 per game for Montreal, his lowest usage since his Cup-winning rookie season with the Kings.
A Los Angeles first-round pick in 2012, Pearson has 138 goals and 285 points in 644 career games for the Canadiens, Canucks, Kings and Penguins. Pagnotta dubbed him “a quality mid-six add for a contender” in his report, but he likely slots in as a fourth-line or extra forward to begin the season after struggling to produce on a rebuilding club. His 0.24 points per game this season ranked 316th among 368 forwards with more than 50 games played.
He won’t cost very much on his next deal after his rough recent showing, and he did have 14 goals and 34 points in 68 games for the Canucks two years ago before his hand injuries arose. Evolving Hockey projects him to land a one-year, $1MM deal.
Rangers Reach Affiliation Agreement With ECHL Bloomington
The Rangers have reached an affiliation agreement with the expansion Bloomington Bison of the ECHL, general manager Chris Drury announced today. It makes the second straight offseason in which the Rangers have changed ECHL affiliates.
New York has long had a steady top-level affiliation with AHL Hartford, maintaining a primary relationship with them since 1997. They’re the ones more affected by any changes in secondary affiliations. Previously, the Rangers held an ECHL affiliation agreement with the Jacksonville Icemen in the 2021-22 and 2022-23 seasons but switched affiliates with the Sabres last July and entered into an agreement with the Cincinnati Cyclones. That relationship ended up lasting just one season. The Cyclones are now without an NHL affiliate for 2024-25, although they’ll likely reach an agreement with a new club in the coming months.
Two players under contract with the Rangers – both goaltenders – spent time in the ECHL this season with Cincinnati. Their primary tandem was 2021 fourth-round pick Talyn Boyko and 2018 second-round pick Olof Lindbom, both of whom were on entry-level contracts this year. ECHL teams often play an important role in developing goalies for the NHL parent clubs, especially compared to other positions.
Boyko will likely return to the ECHL next season, now with Bloomington, while Lindbom is less likely. The Swede struggled with a .884 SV% in 29 games and is a pending restricted free agent, but he’s a strong non-tender candidate after that poor minor-league showing. 6’8″ netminder Hugo Ollas, who the Rangers drafted in the seventh round in 2020 and recently signed out of Merrimack College, is also a likely candidate for assignment to the Bison.
With the Illinois-based franchise and the Tahoe Knight Monsters both set to begin play next season, the ECHL will be comprised of 29 teams. Tahoe is the only club without an NHL/AHL affiliation.