Washington Capitals Extend Sonny Milano
UPDATE: Sportsnet’s Elliotte Friedman reports the contract breakdown is $2.35MM in 2023-24, $1.9MM in 2024-25, and $1.45MM in 2025-26. The low actual salary in the final year of the contract makes it a more appealing sell at the trade deadline or pre-season if Washington opts to move on from Milano at the end of his contract.
The Washington Capitals have extended an offseason acquisition for the second day in a row. NHL.com’s Tom Gulitti reports the team re-signed forward Sonny Milano to a three-year contract extension today, with an average annual value of $1.9MM.
Milano had a long and winding road to joining the Capitals for 2022-23, but it’s a shrewd move for general manager Brian MacLellan that’s paid off so far. The 26-year-old American has been a productive depth piece, scoring eight goals and 22 points in 40 games.
The news comes after Washington signed fellow newcomer Dylan Strome to a five-year, $25MM extension yesterday.
It’s a good bit of financial security for Milano, who cycled through a first-line role with the Anaheim Ducks, a failed professional tryout with the Calgary Flames, and now an almost $6MM commitment from the Capitals in less than a calendar year. He signed a one-year, league-minimum one-way contract with Washington on October 15, 2022, after he was cut from Flames camp and subsequently cleared waivers.
Milano was set to be an unrestricted free agent at the end of the season.
Boston Bruins Place Vinni Lettieri On Injured Reserve
The Boston Bruins placed forward Vinni Lettieri on injured reserve Wednesday, per a tweet from CapFriendly.
Lettieri lands on injured reserve just a day after Boston recalled him from the AHL’s Providence Bruins. Originally expected to join the team for their ongoing game against the Toronto Maple Leafs, he sustained a lower-body injury in Providence’s last matchup and did not travel with the team, head coach Jim Montgomery told reporters yesterday morning.
Boston can activate Lettieri as soon as Wednesday, February 8. With the timing of the All-Star break, the team doesn’t have another game during that timeframe. As Jake DeBrusk is an option to return by the time the Bruins play again on February 11, Boston will likely re-assign Lettieri to Providence when his stint on injured reserve is over.
It’s disappointing for Lettieri, who still stands out as a strong AHL presence. He leads Providence with 37 points in 41 games this season and got his first taste of international experience last year at the World Championships with Team USA.
Mark Stone Undergoes Back Surgery, Out Indefinitely
Vegas Golden Knights captain Mark Stone underwent back surgery on Tuesday and is out indefinitely, according to a release from the team. The team expects Stone to make a full recovery.
This is Stone’s second major back injury concern in as many seasons. He was limited to just 37 games last season with back issues, which Stone noted caused severe nerve pain. Stone underwent an offseason back surgery and came back ready to go for the 2022-23 campaign.
The Winnipeg-born winger is in the fourth season of an eight-year, $76MM contract extension he signed with Vegas in March 2019. Considering Stone’s impact on the team and franchise, Vegas’ acquisition price of Oscar Lindberg, Erik Brannstrom, and a 2020 second-round pick to get Stone from the Ottawa Senators seems tame in hindsight.
With just over two months left in the regular season, it’s a fair bet to say Stone won’t play again in the regular season. It opens the possibility for Vegas to place Stone’s $9.5MM cap hit on long-term injured reserve, which would total north of $23MM of cap relief when including the contracts of Shea Weber, Robin Lehner, and Nolan Patrick.
Vegas’ organizational depth is dwindling due to some monster trades in the past few seasons. Does general manager Kelly McCrimmon have something left in the tank to acquire a bona fide top-six piece in Stone’s absence?
With 38 points in 43 games, Stone remains Vegas’ second-leading scorer at the time of writing. His offensive production is hard enough to replace, but the added loss of his leadership creates a gargantuan hole in the Golden Knights lineup.
Since Stone exited the lineup on January 12, the team is just 1-5-2 and averages just two goals per game. They’ve lost their grip on the Pacific Division to the Seattle Kraken and risk falling even further down the standings if their scoring doesn’t heat up. If Vegas can’t manage to string some wins together in the week after the All-Star break, it could add pressure on McCrimmon to make a trade sooner rather than later.
Snapshots: Puljujarvi, Korchinski, Walsh
After a slow start, things haven’t gotten any better for Edmonton Oilers winger Jesse Puljujarvi this season. As his ice time continues to dwindle, currently being utilized in a fourth-line role, so does his trade value. The 2016 fourth-overall pick has just 10 points in 49 games this season after a 35-point campaign last year.
With Edmonton expected to go all-in at this year’s trade deadline, Puljujarvi will likely see his Oilers tenure end by March 3 to make room on the roster. Daily Faceoff’s Frank Seravalli outlined some potential destinations for the Finnish winger, also reporting that general manager Ken Holland sent a note to all 31 other NHL teams two weeks ago that Puljujarvi was available for trade.
That trade could come sooner rather than later, as the Oilers need to clear salary to activate Kailer Yamamoto from long-term injured reserve. They have at least another few days, as he’s not eligible to return until February 12. Seravalli lists the Florida Panthers, St. Louis Blues, and Tampa Bay Lightning as potential fits for Puljujarvi in a hockey trade but also says to keep the possibility of a pure cap-dump move to a salary cap floor-hugging team in mind.
- In a mailbag piece released Wednesday, Scott Powers of The Athletic noted that 2022 first-round selection Kevin Korchinski could crack the Chicago Blackhawks’ NHL lineup out of training camp to start the 2023-24 season. Powers said the Blackhawks organization was impressed with his training camp before this season opened, and that “all signs” point to Korchinski being NHL-ready. Still 18, the left-shot defenseman has 40 points in 30 games with the WHL’s Seattle Thunderbirds this season.
- TSN’s Darren Dreger reports that current United States Secretary of Labor Marty Walsh is the current front-runner to replace Donald Fehr as the NHLPA’s Executive Director. Dreger says an NHLPA board meeting is scheduled for tomorrow, which could yield a vote on whether to instate Walsh as the league’s top player representative. The former mayor of Boston, Massachusetts, has a strong labor union background and is certainly an interesting selection.
Minor Transactions: 02/01/23
Today is the last day of NHL games before the 2023 All-Star break, signaling an upcoming four-day streak without regular-season action. While roster movement will slow down on the NHL front over this time, there are still a few notable tidbits to keep track of. As always, we’ll report a comprehensive list of today’s pertinent minor hockey transactions right here.
- Just days ahead of the event, four roster spots have been swapped for the AHL’s All-Star Classic in Laval, Québec. Forwards Vinni Lettieri (Boston/Providence), Will Cuylle (NY Rangers/Hartford), Andrew Poturalski (Seattle/Coachella Valley), and defenseman Justin Barron (Montreal/Laval) are all unable to participate because of injuries, or NHL recalls. Defenseman Jack Ahcan (Boston/Providence) and forward Ruslan Iskhakov (NY Islanders/Bridgeport) were named to replace Lettieri and Cuylle, forward Max McCormick (Seattle/Coachella Valley) will replace Poturalski, and forward Alex Belzile (Montreal/Laval) replaces Barron, according to an AHL press release.
This page will be updated throughout the day.
Evening Notes: Boeser, IIHF/Russia, NHLPA Leadership
After the Bo Horvat trade yesterday, the floodgates appear to be opening on the trade front. That’s especially true for the Vancouver Canucks, who have some desirable trade assets other than Horvat that could find their way out of town by the trade deadline.
One of those is Brock Boeser, who TSN’s Darren Dreger said today continues to receive interest from around the league. However, he reported that any Boeser trade, and the corresponding interest, hinges on how much salary Vancouver is willing to retain in a potential trade. Boeser is signed to a steep cap hit of $6.65MM for the next three seasons. With so many teams already dipping into LTIR pools to stay cap-compliant, Vancouver is unlikely to find a trade partner willing to take the full brunt of the deal. The 25-year-old has nine goals and 30 points in 41 games this season. That’s a 60-point pace over 82 games.
- TSN’s Chris Johnston also reported on today’s edition of Insider Trading that the IIHF has a council meeting set up for March to discuss the status of Russian and Belarusian players in future international hockey events. Johnston notes that any changes to the current ban on those athletes participating won’t be lifted by the World Championship events in Spring 2023. Still, there could be a change in policy heading into the 2024 calendar of events. The conversation was reignited by the International Olympic Committee’s decision to allow Russian athletes to participate in the 2024 Paris Olympics. However, they likely would have to compete under a neutral flag.
- As the NHLPA continues its search to name a new executive director, NHL analyst John Shannon today reported the list of players comprising the organization’s search committee. Ian Cole (TBL), Jacob Trouba (NYR), James van Riemsdyk (PHI), Justin Faulk (STL), Kevin Shattenkirk (ANA), Kyle Okposo (BUF), Mattias Ekholm (NSH), Nate Schmidt (WPG), Sam Gagner (WPG), and Zach Hyman (EDM) are the members who will determine the replacement for outgoing director Donald Fehr.
Bo Horvat Reportedly “Open” To Extension With Islanders
The New York Islanders made perhaps the biggest and most confusing splash of trade season yesterday, acquiring star sniper Bo Horvat from the Vancouver Canucks.
Critics of the trade question the Islanders’ gamble on a pending unrestricted free agent, notably with the team out of the playoff picture at the All-Star break. A contract extension between the two parties would ensure that New York’s concessions in the trade weren’t for naught.
The day after the trade, though, Pierre LeBrun reported on Tuesday’s edition of TSN’s Insider Trading that Horvat is “open” to contract extension talks with the Islanders. While not a certainty, it seems like the door is open for a long-term union between the two parties, even if New York can’t claw back into the playoff picture this season.
“[The contract talks] will commence in short order, is what I’m being told,” LeBrun said. He also noted that the Islanders would’ve been on Horvat’s list of teams to speak to had he gone to market on July 1, which is something to keep in mind as talks progress.
Only Oliver Wahlstrom is on the Islanders’ list of notable restricted free agents to lock up next offseason. His value is limited, considering his offensive inconsistency and the likelihood that he’s out of the lineup for the remainder of 2022-23 with an injury. He played just 35 games.
With that being said, the Islanders have slightly north of $16MM in cap space to play with for 2023-24, per CapFriendly. Semyon Varlamov and Scott Mayfield are also pending UFAs whose roles on the roster need to be replaced, but could likely be done for cheaper than their current combined cap hits of $6.45MM.
If the two sides can agree on an extension, the Islanders have the space to give Horvat a deal with a cap hit north of $8MM, the likely benchmark for his caliber of talent. The merits of such a contract, considering his sky-high 21.7 shooting percentage this season signals some regression ahead, can be debated.
Minor Transactions: 01/31/23
With the first month of January coming to a close, teams are preparing for a much-needed break with the All-Star festivities commencing this weekend in South Florida. While the AHL will also take a break for its All-Star Classic, other pro leagues will forge along as the NHL hits pause. We’ll keep track of today’s notable transactions throughout the rest of the hockey world right here.
- Former first-round pick John Quenneville has mutually terminated his contract with Swedish club Leksands IF, per a team release Tuesday. The last pick of the first round in 2014 by the New Jersey Devils, Quenneville last played in North America during the 2020-21 season for 16 games with the AHL’s Rockford IceHogs. He’s since played in Switzerland and Sweden, continuing a long and winding career. Quenneville played just six games for Leksands since the beginning of November and did not record a point. He finishes his tenure with five goals and 12 points in 19 games.
New York Islanders Acquire Bo Horvat
The New York Islanders have acquired center Bo Horvat from the Vancouver Canucks in exchange for forwards Anthony Beauvillier, Aatu Raty, and a lottery-protected 2023 first-round pick. The trade was announced officially by both teams Monday afternoon. Stephen Whyno of the Associated Press notes that Vancouver is retaining 25% of Horvat’s $5.5MM AAV as part of the deal.
New York will retain their 2023 first-round pick if it’s among the top 12 selections, reports Sportsnet’s Elliotte Friedman. Assumedly, if the pick does land in the top 12, the Islanders would send Vancouver their 2024 first-round selection.
The trade call ends months of speculation about a Horvat trade, which really began as soon as the Canucks fell flat out of the gate to start the season. With the team’s poor defense and goaltending rendering them entirely out of the playoff picture, Horvat’s status as a pending unrestricted free agent made him a spectacular trade candidate.
Vancouver’s now-former captain had always been perceived as a strong top-six center with good two-way skills and was especially appreciated for his strong marks in the faceoff circle (56.6% over the past two seasons). Horvat’s goal-scoring exploded this season, though, and his 31 goals rank eighth in the NHL.
Those 31 goals and Horvat’s 54 points instantly make him the Islanders’ leader in both categories this season. If utilized on a line with Mathew Barzal, whose main weakness is faceoffs (just 35.9% this season), the Islanders suddenly have one of the most potent playmaking/scoring duos in the league now.
Some may argue, and they’d be valid to do so, that the value in this trade swings the way of the Islanders and general manager Lou Lamoriello. At first glance, the price doesn’t seem quite as astronomically high as previously rumored.
Yet there’s no report of an extension for Horvat, and with Lamoriello’s low success rate of signing unrestricted free agents, there’s no guarantee Horvat is more than a rental. The team’s roster isn’t terribly well set up with Horvat, either. There’s certainly a scenario 18 months from now where the Islanders end up with no Horvat, no top prospect in Raty, and without a high-end pick in the 2024 draft.
With the Islanders still out of a playoff spot and a month before the Trade Deadline, Horvat may not even finish the season on Long Island. If the team fails to gain much ground in the playoff race or in extension talks with Horvat, he could be flipped to a contending team at the deadline if the Islanders can garner a similar (or better) return on the trade market.
While Vancouver won’t be adding to their Connor Bedard odds as the pick is top-12 protected, they still get a second dip from a 2023 first round stocked with talented prospects. Add in Raty, who’s looking much more like the first-round talent he was expected to be after falling to 52nd overall in the 2021 draft, and Vancouver’s future outlook suddenly looks much brighter.
The Canucks also gain a solid top-nine winger in Beauvillier, although his $4.15MM cap hit through 2024 is a tad steep. He’s still a solid bet to net between 30 and 40 points per season and could be solid trade bait for the Canucks at next year’s trade deadline as well. The 25-year-old has nine goals and 20 points in 49 games this year.
Photo courtesy of USA Today Sports Images
Dylan Cozens, Mattias Samuelsson Close To Returning
As the Buffalo Sabres continue to remain in the playoff hunt, they may get a pair of crucial support pieces back in the lineup for their final game before the All-Star break. Head coach Don Granato said today that injured forward Dylan Cozens and defenseman Mattias Samuelsson are “progressing well.”
Both could return to play Wednesday night when Buffalo hosts the Metropolitan Division-leading Carolina Hurricanes. Although it may be a tall task, a win of any kind would propel Buffalo into the second Wild Card spot in the Eastern Conference as the break begins, leapfrogging Pittsburgh. Buffalo is in a de facto playoff spot as it stands, as their .571 points percentage sits ahead of Washington’s .558 mark for eighth in the Conference.
Cozens’ and Samuelsson’s injuries have both been short-term, thankfully. Samuelsson missed the past two games with a lower-body injury and should return to his usual place alongside Rasmus Dahlin on the team’s top pairing. Cozens missed just one whole game after leaving last Thursday’s contest against Winnipeg with an upper-body injury late in the game. He’s quietly amidst a strong breakout season, scoring 43 points in 48 games while holding down a top-six center spot behind Tage Thompson.
Rasmus Asplund, despite his solid two-way play, has fallen out of the team’s top 12 forwards this season after the waiver claim of Tyson Jost. He’ll likely exit the lineup for Cozens to make his return.