St. Louis Blues Extend Nick Leddy
According to Daily Faceoff’s Frank Seravalli, the St. Louis Blues are closing in on a four-year extension with defenseman Nick Leddy. The team confirmed a four-year deal worth $4MM per season. Leddy was originally acquired by the Blues from the Detroit Red Wings in a mid-season trade.
In St. Louis, Leddy provided what he’s provided at pretty much every stop of his 851-game NHL career. He’s a defenseman who’s at his best with the puck on his stick, moving the play up the ice in order to get his team into the offensive zone. Leddy is among the smoothest-skating veteran defensemen in hockey, and although his offensive production hasn’t been where one might assume it would be for a defenseman of that profile, he’s no slouch there either. Leddy had a healthy eight points in 20 games in St. Louis and five in the team’s playoff run. Leddy could be routinely counted on for 40-plus points in his days as a New York Islander, although those days are likely over.
At 31 years old, the Blues are likely getting a defenseman who can help ease some of Justin Faulk‘s transition-game load. A point total of around 30 would be a reasonable expectation for Leddy, and the hope has to be that he doesn’t age too poorly, as this deal will take him until he’s 35 years old. The Blues will need to shelter Leddy a bit, as he’s far from an effective defensive defenseman, but if coach Craig Berube can deploy him effectively he’ll be a strong addition to a Blues club intent on competing for a Stanley Cup in the near future.
One note is the structure of the deal: the contract is mostly front-loaded, with the salary declining by around $500k per year, per reports. With that in mind, the Blues could be structuring the deal so it can be easily traded in a cap-dumping move similar to the ones we have seen already this offseason.
Justin Schultz Expected To Sign With Seattle Kraken
Former Washington Capitals defenseman Justin Schultz is expected to head to the Seattle Kraken on a two-year deal worth roughly $3MM per season, per Sportsnet’s Elliotte Friedman.
It had been long rumored that the Kraken would be after an offensive defenseman who could help them on their powerplay and help them in transition. Schultz is exactly that, having made his career around his offensive abilities since breaking into the league in 2012-13. Schultz’s offensive production isn’t what it once was, with his 23 points in 74 games representing a sharp decline from his 27 points in 46 games last season.
But even with that in mind, one has to remember that the kind of profile Schultz brings isn’t exactly easily found on the market. Defense-first, crease-clearing defensemen are more common on the open market than ones with fifty-point seasons on their resumes, so Schultz is perhaps the most suitable option for the Kraken if they did not want to dip into the deep end of the market and acquire a player like John Klingberg.
The biggest risk with this signing, though, is in Schultz’s health. Schultz has struggled to play consistently in recent years, and has not been able to cross even the 70 games played mark since 2016-17. At a $3MM price tag, the Kraken will not only need Schultz to be productive, they’ll also need him to be healthy. That’s a major risk to take for a player who just turned 32 years old. Kraken GM Ron Francis entered this offseason with a clear mandate: improve the Kraken offensively. Schultz is his first choice in that quest, and it’s a big swing. Time will tell if it works out.
New Jersey Devils Expected To Sign Brendan Smith
Per Daily Faceoff’s Frank Seravalli, the New Jersey Devils have agreed to terms with defenseman Brendan Smith on a two-year deal carrying a $1.1MM cap hit. This signing represents Smith’s return to the tri-state area, having spent parts of five seasons on the New York Rangers. Smith, 33, is an inexpensive signing for the Devils and one that will help them shore up their bottom pairing.
At this point in his career, Smith isn’t an earth-shattering addition. He’s a bottom-pairing defenseman who averaged just under 14 minutes of ice time last season. He brings a stay-at-home, physical style that got him on the Hurricanes’ penalty kill, where he averaged 1:04 of short-handed ice time per game. A well-respected locker room voice, Smith has shown versatility and a team-first mentality in the past, having even played sporadically as a forward late in his tenure with the Rangers because he lost his spot on their blueline.
This signing won’t be the major win of GM Tom Fitzgerald’s offseason. But for one of the NHL’s youngest teams, adding a safe, veteran defenseman at an affordable price is the sort of under-the-radar move that can make a big impact. Smith won’t be the reason the Devils get back to the playoffs, but if they do end up competing in a cutthroat Metropolitan division, Smith will help steady the ship.
Buffalo Sabres Re-Sign Victor Olofsson
The Buffalo Sabres have locked up their big restricted free agent. Winger Victor Olofsson has agreed to terms on a two-year contract worth $4.75MM per season, according to the team.
In 2021-22, Olofsson notched the second 20-goal season of his young NHL career. Entering his fourth full NHL season, he’s amassed a total of 55 goals, 72 assists, and 127 points through 188 games.
It’s hard to argue that $4.75MM isn’t a good cap hit for a dependable middle-six scorer, even if his defensive game and even-strength reliability leave something to be desired. With just two years of term, the risk is low for the Sabres. They also won’t be shy about handing out money on short-term deals this offseason, as the team still needs to ensure they hit the salary cap floor.
Olofsson will join what’s quickly becoming a deep, diverse group of younger, skilled wingers in Western New York. With Buffalo still far away from the $82.5MM salary cap Upper Limit, expect them to make a few more additions of the next few days.
Free Agency Notes: Hague, Marchment, Kulak
We haven’t heard a whole lot of offer sheet talk yet this offseason, but there is one young defenseman who could come into play. The Athletic’s Jesse Granger notes that he believes Vegas Golden Knights defenseman Nicolas Hague is “a real possibility” as an offer sheet candidate from general managers league-wide. Hague is an important defenseman on the rise in the Golden Knights organization, and while he doesn’t have a lot of leverage on his next contract as he’s not arbitration-eligible, another team could indeed force Vegas’ hand. A second-round pick from their first 2017 draft class, Hague’s notched a solid 42 points in 142 NHL games over the past three years. While he’s been limited to third-pairing minutes on a deep Vegas team, he’s shown really solid play-driving ability as an up-and-coming two-way defenseman. With the Golden Knights’ tight salary cap situation, it’s a reasonable bet that they couldn’t match a healthy offer for Hague.
- TSN’s Pierre LeBrun expects the Montreal Canadiens to make an offer to bring back defenseman Brett Kulak when free agency opens tomorrow. They won’t be alone, though, as LeBrun notes that six other teams could be interested as well. Dealt to the Edmonton Oilers in exchange for a package that included William Lagesson and a second-round pick at the trade deadline, Kulak is an underrated defensive commodity who’s extremely valuable in a bottom-four role. He’d spent the last three seasons prior to this year in a Habs uniform, and he was a steadying presence in 2021-22 on a struggling team.
- If the Tampa Bay Lightning can’t come to terms with pending UFA Ondrej Palat, The Athletic’s Joe Smith lists Mason Marchment as someone the team could make an offer to in free agency. He’d certainly add a strong checking element to the team’s middle six, and while he likely wouldn’t replace Palat’s value entirely, he’d be a strong value option with a breakout year last season and great underlying metrics. Marchment finished 2021-22 with 47 points in just 54 games.
Johnny Gaudreau To Test Free Agency
As first reported by TSN’s Pierre LeBrun, the Calgary Flames aren’t expected to reach an agreement with top free-agent forward Johnny Gaudreau prior to the market opening tomorrow at noon Eastern time. He’ll test free agency and hit the open market as a result.
Gaudreau and Calgary haven’t come to an agreement despite steadily increasing offers from general manager Brad Treliving to get him to stay. It was reported earlier today that Calgary had offered Gaudreau an eight-year deal worth more than $10MM per season. Gaudreau either believes he can get more on the open market tomorrow, or he simply wants a change of scenery out of Alberta.
After his electric 115-point season, he’ll have a certain handful of teams willing to pony up eight figures to get his services. While the Philadelphia Flyers have been linked to him constantly for years, they’ve failed to clear enough cap space in order to make signing him a realistic possibility. One team with loads of cap space that’s a logical fit is the New Jersey Devils, who could launch themselves into playoff contention with a Gaudreau/Jack Hughes connection up front.
No matter what, Gaudreau is slated to join the more-than-$10MM cap hit club tomorrow. He’d be the 15th player in the league currently on an eight-figure deal and the only left wing aside from the Rangers’ Artemi Panarin.
Seattle Kraken Re-Sign Alexander True
One of the NHL’s few Danish players is sticking around, as the Seattle Kraken have re-signed forward Alexander True to a two-way, one-year contract extension with a $750,000 cap hit, per the team.
True was Seattle’s selection from the San Jose Sharks in last year’s expansion draft. Joining the Sharks as an undrafted free agent, he quickly worked his way up the organizational ranks but hasn’t transitioned into an NHL role yet. It was more of the same this year, with True going without a point in eight games with Seattle, but having a strong campaign with AHL Charlotte. He led the team with 42 points in 60 games, also going point-per-game in the playoffs (seven in seven).
Given the team’s expected activity in free agency and the amount of forwards under contract, the two-way deal is likely an indication that True is slated to be a key player for the inaugural edition of the AHL’s Coachella Valley Firebirds. There’s still some upside for the soon-to-be 25-year-old, but a decent NHL showing needs to come sooner rather than later.
Buffalo Sabres Bring Back Malcolm Subban
The Buffalo Sabres are retaining goalie Malcolm Subban on a one-year, two-way deal worth $850,000 against the cap, per the team.
Subban becomes the second (healthy) goalie Buffalo has signed for next season after quite literally every goalie in the organization was on expiring contracts last year. He likely won’t see a whole lot of NHL time next season, given the team’s already retained Craig Anderson, restricted free agent Ukko-Pekka Luukkonen is ahead of him on the depth chart, and the team is still expected to hunt for another goalie in free agency to bolster their team on the rise.
The 28-year-old played in just four games for Buffalo last season due to injury, compiling a 0-2-1 record and .871 save percentage. While he’s no longer a dependable NHL backup like he was in his days with the Vegas Golden Knights and Chicago Blackhawks, he’s strong organizational depth and gives the Sabres multiple options in case of injury, which is likely given Anderson’s age and Luukkonen’s injury history already.
The Athletic’s Matthew Fairburn was first on the deal.
Pittsburgh Penguins Re-Sign Pierre-Olivier Joseph
The Pittsburgh Penguins announced Tuesday that the team has signed defense prospect Pierre-Olivier Joseph to a one-way, two-year contract extension to carry him through the 2023-24 season. The deal carries a cap hit of $825,000.
It seems like the 23-year-old Joseph is set to make the jump to the NHL full-time any day now, and the willingness of Pittsburgh to hand out a one-way extension is proof the organization believes that to be true. A 2017 first-round selection by the Arizona Coyotes (acquired in the Phil Kessel trade), Joseph has improved steadily throughout his three years of professional experience in AHL Wilkes-Barre/Scranton, capping off his 2021-22 season with 33 points in 61 regular-season games and five points in six playoff games.
With 20 NHL games under his belt over the past two years, Joseph knows what he has to do to play at this level and fit in with the Penguins’ system under Mike Sullivan. It wouldn’t surprise anyone at this point to see Pittsburgh aggressively try to shop a defenseman to make room for Joseph in the lineup (and to clear much-needed cap space), most likely John Marino or Marcus Pettersson.
Ottawa Senators Acquire Cam Talbot
The Minnesota Wild have officially traded goalie Cam Talbot to the Ottawa Senators in exchange for goalie Filip Gustavsson.
Senators general manager Pierre Dorion gave a statement on the deal in a team release:
Cam is experienced and provides us with greater goaltending stability heading into next season. He was instrumental in helping Minnesota reach the playoffs in each of his two seasons with the Wild. The tandem of he and Anton Forsberg sets us up nicely for the upcoming year.
The trade is an important one financially for Minnesota. It’s a net cap hit decrease of $2.9MM, giving the Wild and general manager Bill Guerin some (small) flexibility heading into the opening of free agency tomorrow.
It was clear Talbot wasn’t happy with Minnesota’s decision to retain Marc-Andre Fleury on a two-year deal, and now he’ll get another job as a clear-cut 1A goalie (at worst) with the Senators. The Senators now have a more experienced and upgraded goalie tandem taking them into next season as they aim to make some noise in the Eastern Conference, essentially swapping out the oft-injured Matt Murray with Talbot for the cost of Gustavsson, a third-round pick, and a seventh-round pick. In 49 games with the Wild last year, the 35-year-old Talbot had a 32-12-4 record, three shutouts, 2.76 goals-against average and a .911 save percentage.
The deal isn’t without on-ice merit for the Wild, either. Gustavsson is young and has decent upside, and while he doesn’t steal the “goalie of the future” tag claimed by Jesper Wallstedt, he fills the void in the organization left by Kaapo Kahkonen as a long-term tandem or backup option. Originally a second-round pick of the Pittsburgh Penguins in 2016, Gustavsson now finds himself with his third NHL organization by no fault of his own. He’s stepped in 27 games as a Senator over the past two years, maintaining a career 10-13-3 record and a .905 save percentage. Those numbers are bound to improve with increased development and more stout defense in the State of Hockey.
ESPN’s Kevin Weekes was the first to report Talbot heading to Ottawa.