Nashville Predators To Sign Ryan O’Reilly
The Nashville Predators have made the biggest splash of the day so far, signing former Conn Smythe Trophy winner Ryan O’Reilly to a four-year contract worth $4.5MM per season, according to Sportsnet’s Elliotte Friedman.
While many expected the trade of Ryan Johansen to Colorado and yesterday’s Matt Duchene buyout to signal a rebuild-like direction for Nashville under new GM Barry Trotz, today’s signings of O’Reilly and defenseman Luke Schenn suggest otherwise.
At 32 years of age, adding a Conn Smythe winner in Ryan O’Reilly is firmly a win-now signing. O’Reilly is at his most valuable in the postseason, and is talents would be wasted on a club building for some distant future rather than an immediate playoff run.
O’Reilly has long been regarded as one of the top two-way centers in hockey, though his form in St. Louis earlier this season did raise some concerns about how his offense will age as he gets deeper into his thirties. O’Reilly scored 58 points in 2021-22 but just 19 in 40 games to start the year with the Blues.
He did fare much better after a mid-season deal to Toronto, so Nashville will undoubtedly be hoping that his Toronto form is more indicative of what they’ll be getting for the next four years.
If nothing else, the addition of O’Reilly will be a huge benefit to the Predators’ current crop of inexperienced young centers, such as Cody Glass, Juuso Parssinen, and Thomas Novak. If O’Reilly can help those pivots grow into quality NHLers while also playing up to the standard he’s established throughout his career, a $4.5MM price tag will feel like a bargain.
Photos courtesy of USA Today Sports Images
Edmonton Oilers To Sign Lane Pederson
The Edmonton Oilers are signing forward Lane Pederson to a two-year, one-way deal worth $775K per season, per Daily Faceoff’s Frank Seravalli.
The 25-year-old Saskatoon native is an accomplished AHL scorer who has scored around a point-per-game rate in the American League in recent seasons without much success in the NHL. He played for two NHL clubs last year and scored a combined six points in 27 games.
He has the versatility to play both center and wing and has been an alternate captain in earlier locations during his career, so his signing will be a major benefit to the Oilers’ AHL affiliate, the Bakersfield Condors, should he fail to make the team out of training camp and clear waivers.
While he was claimed off of waivers this past season that may not be as much of an issue at the start-of-season waiver period since significant injury issues down the middle were a significant motivator to Columbus placing their claim.
Teams are unlikely to be in similarly dire positions at the start of the season, meaning Pederson has a solid chance of starting the season in Bakersfield, where he’d instantly be among their most important players as well as a priority call-up option should the Oilers themselves run into some injury trouble.
Los Angeles Kings Sign Jaret Anderson-Dolan, Mikhail Maltsev
Forward Jaret Anderson-Dolan is returning to the Los Angeles Kings despite not being issued a qualifying offer yesterday. Per the team, he’s been issued a one-year deal worth $775K. ESPN’s Kevin Weekes reports they’ve also signed forward Mikhail Maltsev to another one-year, $775K deal.
Anderson-Dolan has been with the Kings since he was drafted by them 41st overall at the 2017 draft. In 2021-22 Anderson-Dolan took a step forward in the AHL, scoring 24 goals and 47 points in 53 games. That earned him a long look at the NHL level, and he got into 46 regular-season games scoring seven goals and 12 points.
With this affordable contract extension, Anderson-Dolan is likely to once again be in place for a depth role in Los Angeles, though as he’s set to turn 24 he won’t be waiver-exempt as he was in earlier seasons.
Maltsev, 25, is a speedy winger who, like Anderson-Dolan, has been a quality scorer at the AHL level but hasn’t quite found his footing yet in the NHL. He’s got just nine points in 56 career NHL games but 91 points in 134 games at the AHL level.
While he’ll have to clear waivers to be sent to the Ontario Reign, the Kings’ affiliate, should he clear he’d boost their offensive attack while also serving as a call-up option should some injury issues hit the Kings’ lineup.
Luke Schenn To Sign With Nashville Predators
The Nashville Predators are signing veteran defenseman Luke Schenn to a three-year deal worth $2.75MM per season, according to Daily Faceoff’s Frank Seravalli.
This is a major coup for Schenn, who has secured a massive pay raise from the $850k he earned this past season. He’s now secured a quality annual paycheck for three seasons where he’ll be in his mid-thirties, a rarity for defensive defensemen like Schenn.
He’s certainly earned the raise, though, as he’s had a career renaissance over the past few seasons. In 2018-19 Schenn played in the AHL for the first time in his career, actually skating more games in the American League than the NHL. But after signing with the Tampa Bay Lightning Schenn re-emerged as an NHL depth defenseman, even playing a cameo role on two Stanley Cup-winning teams.
That earned him a more regular job on the Vancouver Canucks blueline, where he re-established himself as a physical, defensively competent defenseman. His ice time jumped up to over 17 minutes a night, and he was eventually dealt to the Toronto Maple Leafs for their playoff push.
In Nashville, Schenn will be a relied-upon defensive defenseman who should be a regular face on their penalty kill. While it’s certainly a risk for a team to hand this kind of term to a player like Schenn at Schenn’s age, Nashville has certainly upgraded its defense at least in the immediate term and did not pay an exorbitant cost to do so.
Washington Capitals Acquire Joel Edmundson
The Washington Capitals are close to solidifying their defense corps. Per Sportsnet’s Elliotte Friedman, they’re working on a deal to acquire left-shot Joel Edmundson from the Montreal Canadiens. Per TSN’s Darren Dreger, Montreal is receiving draft picks in return. Those picks are a 2024 third-round pick and a 2024 seventh-rounder. The Canadiens are retaining 50% of Edmundson’s $3.5MM cap hit as part of the deal.
This is a trade that’s easy to like from both sides of the equation. For Washington, they get to add an accomplished veteran defenseman who is both a respected stay-at-home blueliner as well as a valued locker-room leader. While he’s had injury issues crop up more recently during his tenure in Montreal, Edmundson is a Stanley Cup champion with significant playoff experience.
He’s provided the Canadiens with steady play and at times a ferocious net-front presence. He’s likely a better fit on a bottom-pairing with penalty-killing time than he is as a bona fide top-four player.
Thankfully in Washington they have the type of defensive depth that will allow new head coach Spencer Carbery to utilize Edmundson how he prefers.
With Rasmus Sandin and Martin Fehervary already penciled into slots on Washington’s left side, Edmundson is likely to pair with Trevor Van Riemsdyk, giving Washington a bulletproof third-pairing that Carbery can deploy in high-leverage defensive situations. With 50% retention, it’s hard to argue at the draft pick cost for the Capitals.
As for Montreal’s side of the equation, it undoubtedly hurts to lose Edmundson’s locker room leadership for their young team. But Montreal has a crop of young blueliners that’ll need ice time to develop, and with Jordan Harris, Arber Xhekaj, and Kaiden Guhle all left-handers, not to mention veteran Mike Matheson, there simply wasn’t room for Edmundson if the priority in Montreal is player development.
By retaining salary, Montreal gets the best possible draft compensation to further their rebuild, while also clearing space for their growing group of promising young blueliners.
Photos courtesy of USA Today Sports Images.
Carolina Hurricanes Re-Sign Antti Raanta
Netminder Antti Raanta is sticking around with the Carolina Hurricanes. TSN’s Darren Dreger says he’s signed a one-year, $1.5MM contract minutes before he would have hit unrestricted free agency.
Raanta, 34, has spent the last two seasons as a backup goalie with the Hurricanes. He’s played 55 games in that span and posted a .911 save percentage and 2.34 goals-against-average. Performance has never been the issue for Raanta, who has an impressive .918 career save percentage. Instead, it’s been availability that’s been his major issue.
Raanta has consistently struggled with injuries throughout his NHL career, Carolina included. As a result, Carolina has more recently preferred to carry three NHL-caliber goalies in order to insulate themselves from any Raanta injuries.
At a $1.5MM price tag with no extra term attached, the Hurricanes have taken one step towards rebuilding their three-goalie tandem, and while they certainly could opt to run with just Raanta and Pyotr Kochetkov as their goalie tandem, it’s unlikely this deal locks them out of making any other goalie moves.
Matt Nieto Expected To Sign With Pittsburgh Penguins
The Pittsburgh Penguins are getting a head start on free agency, reportedly getting a veteran addition to their bottom six. Winger Matt Nieto is expected to sign a two-year deal worth $900K to join the Penguins, says TSN’s Darren Dreger, who previously reported Nieto was heading to Edmonton.
Nieto, 30, is a respected bottom-six player who split last season between the San Jose Sharks and Colorado Avalanche. Nieto has averaged just over 14 minutes of ice time per night in his career, though he saw his ice time drop dramatically after his mid-season trade to the Avalanche. He was averaging over 15 minutes per night in San Jose, and went to under 11 minutes with the Avalanche.
A capable penalty-killer and defensive presence, Nieto chipped in 12 goals and 24 points in 81 games last season. While Nieto doesn’t offer the size or overwhelming physicality that some teams would like to see out of their bottom-six forwards, there are far worse options for a team to run in their bottom-six.
Nieto has been on a few playoff runs of significance, and that’s exactly what Pittsburgh hopes to be doing next season. An offseason priority for the Penguins has been upgrading the lower-end of their lineup, and adding Nieto will help them do just that.
Florida Panthers To Sign Anthony Stolarz
The Florida Panthers are making moves to strengthen their goaltending depth, reportedly agreeing to terms with Anthony Stolarz on a one-year contract. According to The Hockey News’ David Dwork, the deal is expected to be in the $1MM range.
Stolarz’s addition to the Panthers’ roster is an interesting move that could provide valuable insurance in net. While Sergei Bobrovsky remains the team’s undisputed starter, Stolarz is a high-end secondary option in case backup Spencer Knight remains unavailable to the team to start 2023-24. The goaltender is expected to return to the team after spending the last few months of the season in the NHL/NHLPA Player Assistance Program, but it’s not confirmed.
The 27-year-old netminder has had limited opportunities at the NHL level for quite a while but has emerged as a legitimate backup option in the last two seasons with the Anaheim Ducks. Over four seasons in total with the Ducks organization, Stolarz posted a solid .913 save percentage in 56 games (43 starts). He has also spent time with the Philadelphia Flyers and Edmonton Oilers in his career.
Getting a third goalie in the mix is a priority for the Panthers moving forward, as outside of his stunning playoff run in these past playoffs Bobrovsky has been massively inconsistent in Florida. The Panthers needed some heroics from third-string goalie Alex Lyon to even sneak into the postseason, so with this signing, they’ve shored up their goaltending depth in case another situation like that arises.
Atlantic Notes: Andersen, Kerfoot, Panthers UFAs
Goaltender Frederik Andersen‘s future with the Carolina Hurricanes remains uncertain, as Pierre LeBrun of TSN and The Athletic suggests the Danish netminder is likely to test the UFA market today. While the door isn’t entirely closed on a return to the Hurricanes, speculations have surfaced about potential landing spots for the experienced netminder, including the Ottawa Senators, who Postmedia’s Bruce Garrioch says will be calling when the market opens at 11 am CT.
As Garrioch notes, Andersen played under Senators head coach D.J. Smith when he was with the Toronto Maple Leafs, where Smith was an assistant for part of Andersen’s tenure. The team is looking for a veteran to supplement Anton Forsberg in the crease after deciding not to re-sign Cam Talbot, as well as providing insurance for young third-string netminder Mads Sogaard – another Dane to whom Andersen would provide invaluable mentorship.
Per LeBrun, the Pittsburgh Penguins could also attempt to sign Andersen if re-signing Tristan Jarry falls through. The Senators, on the other hand, are also still holding discussions with Travis Hamonic, but Garrioch says it’s unclear in which direction negotiations are headed.
More from the Atlantic Division this morning:
- After a four-season stint with the Toronto Maple Leafs, forward Alexander Kerfoot is set to hit the open market, per Postmedia’s Lance Hornby. While there is a possibility of a potential return to Toronto, it hinges on the financial demands that Kerfoot’s new contract may entail – they’re not willing to overpay on market value to retain him and would rather keep their salary cap flexibility open to get some new names on the UFA market. After being acquired from the Colorado Avalanche in the 2019 Nazem Kadri trade, Kerfoot totaled 40 goals, 94 assists, and 134 points in 285 games for Toronto in a middle-six role.
- The Florida Panthers are gearing up for free agency, with their main focus on strengthening their defense corps, which is set to be hit with significant injuries to start 2023-24 in Aaron Ekblad and Brandon Montour. While the team aims to secure players on shorter-term contracts, two of their UFAs, Radko Gudas and Lucas Carlsson, could still receive offers to return to the Panthers, general manager Bill Zito told reporters, including The Hockey News’ David Dwork. Gudas has been an invaluable shutdown defender since joining the Panthers in 2020, also compiling over 200 penalty minutes during his time in Florida whilst in a bottom-pairing role. Carlsson, on the other hand, is likely to receive a lot of NHL interest after an impressive season with the Charlotte Checkers, leading all AHL defensemen in goals. He could vie for an everyday role out of camp, with injuries opening up roster spots.
Florida Panthers Expected To Sign Oliver Ekman-Larsson
Veteran defenseman Oliver Ekman-Larsson is landing on his feet after getting bought out by the Vancouver Canucks earlier this month. Per TSN’s Darren Dreger and CHEK’s Rick Dhaliwal, he’s expected to sign a one-year deal with the Florida Panthers worth $2.25MM.
Ekman-Larsson hadn’t at all lived up to expectations in Vancouver, but the decision to buy him out with four years left on his deal surprised many. It is the largest non-compliance buyout in NHL history, and the Swede will now earn an additional $2.25MM this season on top of the $2.13MM he’s slated to receive in real cash from Vancouver and $290K from Arizona. It’s still less money than the $10.5MM base salary he was owed from his previous contract in 2023-24.
For the Panthers, this signing represents a low-risk, medium-reward move. Ekman-Larsson is a former All-Star and Olympic medalist, but he’s been wildly inconsistent in the past few seasons and has played long stretches of being a defensive liability in both Vancouver and Arizona, where he was a captain for three seasons between 2018 and 2021.
Now 31, Ekman-Larsson could slot into Florida’s top four to start the season and maybe longer. For now, he serves as a direct replacement on the left side for veteran Marc Staal, who’s on the UFA market. He does find himself with the best opportunity to win in quite a while, joining a Panthers team fresh off a miracle run to the Stanley Cup Final.
From a financial standpoint, the one-year, $2.25MM deal is a decent bit of work for the Panthers. It provides them with a cost-effective option to bolster their defensive depth without committing to a long-term contract – something they’d reportedly prioritized achieving.
Last season, Ekman-Larsson logged two goals and 22 points in 54 games with the Canucks, averaging just over 20 minutes per game. He’ll likely see a reduction in those minutes as the season progresses for Florida and they return to full health on the blueline.