Ethan Bear Traded To Carolina Hurricanes
The Edmonton Oilers are expected to re-sign Tyson Barrie and add another right-handed defenseman in Cody Ceci, so they needed to move out someone else. That player is Ethan Bear, who Darren Dreger of TSN reports is on his way to the Carolina Hurricanes. Elliotte Friedman of Sportsnet reports that the Hurricanes will send Warren Foegele back to Edmonton.
Bear, 24, looked like he would be a long-term pillar of the blueline for the Oilers in 2019-20, but last season took a significant step backward. He scored just two goals and eight points in 43 games while losing the trust of the coaching staff at times. In Carolina, he won’t be asked to do as much given the strong group ahead of him, but can help replace some of the minutes that they are losing in Dougie Hamilton. Bear actually could perhaps slide into the top-four alongside a player like Brady Skjei, but still likely won’t log anywhere near the minutes of Carolina’s top three options.
For the Oilers, adding another bottom-six winger that can score at a strong rate is a win, at least if considered independent from Bear’s potential upside. There’s real talent in the 25-year-old Foegele, who has 50 points in his last 121 games. Edmonton has struggled to find any consistent offense from the third and fourth line over the last number of years, but are starting to lengthen out their lineup behind Connor McDavid and Leon Draisaitl. Even if Zach Hyman ends up playing on one of the top two lines, there appears to be the makings of a legitimate third line finally.
Still, the Oilers will need to sign Foegele as he currently sits as a restricted free agent. He’s coming off a one-year, $2.15MM contract with the Hurricanes, meaning that’s the price of his qualifying offer. That means he’s locked in as a player the Oilers will have to rely on, especially if arbitration results in another raise.
Alec Martinez Close To New Contract With Vegas Golden Knights
Wednesday: The AAV will be $5.25MM, per Seravalli, who adds the deal will carry a partial no-trade clause each season with a varying number of teams.
Monday: The Vegas Golden Knights aren’t going to let Alec Martinez go that easily. Frank Seravalli of Daily Faceoff reports that the two sides are closing in on a deal to keep the veteran defenseman in Vegas. The contract is expected to be for three years and will carry a cap hit of around $5MM, according to Seravalli.
Vegas has two star defensemen in Alex Pietrangelo and Shea Theodore, but if you ask many of the people who are around the Golden Knights on a daily basis, it’s Martinez who was the most reliable defender on the team. Turning 34 today, the veteran will receive a slight raise on the $4MM cap hit he has carried over the past six seasons, but it keeps him off the market and away from any rival clubs.
After a few down seasons in Los Angeles, Martinez showed exactly what he can do with a strong team around him, racking up 32 points in 53 games. He averaged more than 22 minutes a night for the Golden Knights, more than doubling the next player with 168 blocked shots. His style of defense isn’t overly physical, but it is effective and obviously valuable to the Vegas front office and coaching staff.
Still, a deal of this magnitude brings up several other questions. The Golden Knights are dealing with a tight cap squeeze, and a $5MM hit for Martinez would basically take them right to the ceiling. That means other moves are coming to shed additional payroll, with the goaltending duo or forwards like Reilly Smith the most obvious options for change. There’s also the risk that Martinez’s age represents, as this contract will take him through his age-36 season. while he hasn’t shown any signs of slowing down yet, there could at any time be a precipitous drop in production.
Part of the value that Martinez brings isn’t his on-ice production though, but the experience he adds to the bench. This is a player that already has two Stanley Cup championships and more than 100 postseason games under his belt. Not many teams can ice a defensive pair that each have Cup-clinching goals, but in Martinez and Pietrangelo, that’s exactly what Vegas has secured.
Photo courtesy of USA Today Sports Images
PHR Live Chat: Free Agent Frenzy 2021
Click here to read a transcript of the special free agent frenzy live chat with PHR’s Gavin Lee.
Gabriel Landeskog Signs Eight-Year Extension
Just before the deadline for eight-year contracts, the Colorado Avalanche and Gabriel Landeskog have reached a deal for the max term. The captain will be staying with the only organization he’s ever known. The two sides have agreed to an eight-year contract worth a total of $56MM. Bob McKenzie of TSN tweets that the first four years come with a full no-movement clause, while the final four will be a modified no-trade clause.
At times over the past few weeks, it seemed like Landeskog might actually reach the free agent market. The Avalanche were in a tight salary cap situation with a superstar defenseman to sign and a Vezina finalist on an expiring deal. Once the team worked out a massive RFA contract with Cale Makar though, things could progress with their captain.
In the end, it will be less than a $1.5MM per year raise for the 28-year old forward. Landeskog was coming off a seven-year, $39MM deal signed in 2013, which carried a $5.57MM cap hit. On this new deal, he eclipses Nathan MacKinnon‘s $6.3MM cap hit but still comes far short of Mikko Rantanen‘s $9.25MM as the team’s highest-paid forward. It’s much less than he likely could have received on the open market on a per-year basis, but the eighth season was something that only Colorado could offer. Landeskog now has contract security through his age-36 season and could very well play his entire career for the Avalanche.
On September 4, 2012, nearly a decade ago, Landeskog was named captain of the Avalanche. At the time, he was the youngest player ever to be given that honor in the NHL. He had just finished a Calder Trophy-winning rookie campaign, which included 22 goals and 52 points, and was given the “C” by veteran Milan Hejduk. Years later, Landeskog has been one of the most consistent players in team history and sits eighth all-time in points–including the days when the franchise was in Quebec. With this new deal, he’ll surely pass another few names on that list.
Landeskog is now tied for the 57th highest cap hit in the NHL, alongside young stars and veterans alike. The reasonable $7MM cap hit—especially when combined with the money that Makar left on the table—leaves room for the Avalanche to potentially bring back starting goaltender Philipp Grubauer in free agency as well. Colorado now sits with just over $12.3MM in cap space, though that includes a roster of just 16 players.
With less than 24 hours before free agency begins, any teams preparing an offer for Landeskog will have to turn their attention elsewhere. He ranked first on our Top 50 UFA list, but we predicted he would return to the Colorado Avalanche even if a deal wasn’t done before tonight’s eight-year threshold. Dougie Hamilton now assumes that top spot, while other forwards could draw a little more interest from teams looking to make a splash.
Photo courtesy of USA Today Sports Images
Chicago Blackhawks Acquire Tyler Johnson
The Chicago Blackhawks have made another trade, acquiring Tyler Johnson from the Tampa Bay Lightning. The Lightning will also be sending a 2023 second-round pick, while Chicago will send Brent Seabrook‘s contract back to Tampa Bay. Seabrook is not expected to play again, meaning his contract can be moved to long-term injured reserve. Pierre LeBrun of The Athletic reports that there was no salary retained in the deal. Tampa Bay GM Julien BriseBois released a short statement about the move:
I’d like to personally thank Tyler for what he has meant to this organization over the past nine years since he joined the Lightning as an undrafted free agent. He played a pivotal role in the success the team has enjoyed and will forever be remembered as two-time Stanley Cup Champion with the Bolts. We wish him all the best in Chicago.
Not only does moving Johnson’s contract open up $5MM in cap space for the Lightning, but acquiring Seabrook’s doesn’t really cause them much issue. It will be tricky, managing the cap without accruing any space during the regular season while in LTIR, but the Lightning have shown they are more than willing to operate in that manner, acquiring dead contracts like Anders Nilsson and Marian Gaborik in the past. The team now essentially has cleared Johnson’s entire $5MM in cap space, though the machinations of LTIR will force them into very specific moves as the season approaches.
Still, ridding themselves of Yanni Gourde through the expansion draft and Johnson through this trade has basically fixed the Lightning’s cap issues, giving them some wiggle room to fill out the depth chart.
So quickly things change in Chicago though, as now Seabrook and fellow franchise icon Duncan Keith are both gone from the organization. Just a year ago Seabrook’s contract looked like one of the worst in the league, but now that he’s not expected to play again, it actually became an asset for the Blackhawks. They added a second-round pick while also landing a player who can help them next season without giving up anything of real value.
Johnson, 30, has three years left on his contract and should actually see an offensive uptick with increased usage in Chicago. Buried behind a long list of offensive talents in Tampa Bay, he’s not so far removed from the 29-goal season he had in 2018-19. In fact, there was a time when Johnson was among the Lightning’s best players, even leading the team in scoring with 72 points in 2014-15. While that might be a lofty goal to return to, he’s still an effective player that should help the Blackhawks compete for the playoffs next season. Add in that he’s now coming off back-to-back Stanley Cup championships and his $5MM cap hit starts to look awfully reasonable.
Buffalo Sabres Re-Sign Drake Caggiula
The Buffalo Sabres aren’t letting Drake Caggiula go that fast. The team has re-signed the depth forward to a one-year, $750K contract, keeping him from the free agent market.
Claimed off waivers from the Arizona Coyotes in early April, Caggiula played just 11 games for the Sabres down the stretch but obviously made an impact on the front office or coaching staff. The energetic winger scored two goals and three points during that 11-game stint, bringing his total to 10 points for the 2020-21 season. That’s certainly not production that will make you leap out of your chair, but for the league minimum, it doesn’t have to be.
Since entering the league as an undrafted free agent in 2016, Caggiula has always had a high work ethic and no fear, routinely throwing his 5’10” frame into the corners against bigger defenders. That kind of scratch-and-claw attitude is exactly what the Sabres need more of at the bottom of their roster, and his speed can be a versatile fit on various lines. It may not feel like it, but Caggiula has already carved out a 260-game NHL career and only just turned 27. Not bad for a player who was passed over several times by every team in the league and spent four years at the University of North Dakota.
Montreal Canadiens Re-Sign Joel Armia
The Montreal Canadiens have made a mark on free agency before it even gets started. Joel Armia has agreed to terms with the club on a new four-year contract extension that will keep him away from the open market. The deal carries an average annual value of $3.4MM and keeps Armia under contract through 2024-25. Chris Johnston of Sportsnet reports that the deal does not include any signing bonuses or trade protection.
Armia, 28, may not create a lot of offense, but he’s still a valuable contributor to the Canadiens that can be used in a variety of ways. One of the best penalty killers in the league, he scored two short-handed goals in Montreal’s 21-game playoff run while lining up against some impressive competition. His 6’4″ frame allows him to get a stick in passing lanes or easily strip players of the puck, all helping Montreal’s identity of a tight defensive group with a penchant for the counter-attack.
The Canadiens, who also have Corey Perry, Phillip Danault, Eric Staal and Tomas Tatar scheduled for unrestricted free agency, were going to need to add some forwards at some point this summer, so why not bring back a player you know and like. The risk involved in a four-year deal is mitigated somewhat by the fact that Armia is still just 28, though he did get a pretty substantial bump in pay. If his defensive ability declines at all, it’s hard to see how Montreal would get their value back from a player that has only hit 30 points once in his career.
Still, the team has cap space to burn, given Shea Weber‘s likely placement on long-term injured reserve for at least this season. Even with Armia back in the fold, Montreal has close to $20MM in room to add in free agency and just a handful of spots left to fill on the roster.
Tampa Bay Lightning Sign Otto Somppi
The Tampa Bay Lightning have signed Otto Somppi to a one-year, two-way contract, avoiding restricted free agency as his entry-level contract was set to expire. The young forward was one of the players who received a qualifying offer from the Lightning yesterday.
Somppi, 23, was originally selected in the seventh round by the Lightning back in 2016, but has been brought along by their development system to the point where he could contribute at the NHL level soon. In 32 games with the Syracuse Crunch last season, the 6’2″ forward scored 12 goals and 26 points. That minor league season came after he played a few games back in Finland, where he added three points for the Lahti Pelicans.
It’s not that Somppi is going to be an NHL star, but if the Lightning can squeeze even a handful of NHL games out of him it will be another win for their scouting and development program. When he was picked in 2016, just six spots from the end of the draft, he had only completed one season in the QMJHL, where he scored 13 goals and 46 points in 59 games. That point total didn’t even improve in his second year with the Halifax Mooseheads, but after a breakout 2017-18 he earned his entry-level deal and turned pro. Time in the ECHL and limited minutes in the AHL were first, but now he’ll return to Syracuse as a key member of their forward group, waiting for his first NHL opportunity.
Minnesota Wild Re-Sign Dakota Mermis
The Minnesota Wild have signed unrestricted free agent defenseman Dakota Mermis to a new two-year, two-way contract, according to Michael Russo of The Athletic. The deal will carry an NHL average annual value of $750K, while giving Mermis a nice minor league guarantee. He’ll earn an AHL salary of $300K in 2021-22 and $325K in 2022-23, but has guarantees of $350K and $375K in the two seasons.
Mermis, 27, played just three games with the Wild this season, spending most of the year on the taxi squad instead. After clearing waivers just as the season started, he was quickly sent to the taxi squad and ended up spending just five days on the NHL roster between January 12 and May 13. Still, a well-liked depth defenseman that can come in and out of the lineup whenever necessary is something that every team in the league needs, and that’s the role he can continue to serve in Minnesota.
Undrafted, Mermis has played in 23 NHL games over the last four seasons and could end up spending more time in Iowa than Minnesota over the next couple of years. In fact, he could be a big part of the leadership group for the AHL franchise, given his history as captain of the Tucson Roadrunners and alternate captain of the Binghamton Devils.
Seattle Kraken Trade Kurtis MacDermid To Colorado
The Seattle Kraken have completed another trade, this time sending defenseman Kurtis MacDermid to the Colorado Avalanche. MacDermid was Seattle’s choice from the Los Angeles Kings, but instead of suiting up for the expansion team, he’ll net them a 2023 fourth-round pick.
MacDermid, 27, represents the second player the Kraken have flipped since the expansion draft, following Tyler Pitlick‘s trade a few days ago. Seattle selected ten defensemen in the draft, so were always expected to trade a few of them before the start of the season. In Colorado, MacDermid joins a contending team that could use a bit of size and depth on the back end after trading away Ryan Graves earlier this offseason.
The 6’5″ defenseman is incredibly physical, but has also shown he can be a bit more than just a face-puncher over the last few years. In 118 career games he has six goals and 17 points, playing limited minutes—fewer than 13 a night—in Los Angeles. He likely won’t be asked to do much more than that in Colorado, where the team already has so many talented young options to eat up minutes. At just $875K though, MacDermid can be a reliable seventh defenseman on the NHL roster, moving in and out of the lineup whenever head coach Jared Bednar feels the need for a little more size.
The cost of a fourth-round pick isn’t much for Colorado to add an NHL player, but to the Kraken it’s another important piece as they look to build the pipeline. The team was unable (or perhaps unwilling) to leverage the expansion situation to collect many draft picks and now must try to sell off whatever pieces they can. Cap space was the biggest focus of GM Ron Francis and company, but it is interesting that now Pitlick and MacDermid, two NHL options that barely crack $2.5MM combined, are the first ones out the door. The Kraken now have an extra fourth-round selection in each of the next two drafts.
Kevin Weekes of NHL Network broke the news on Twitter.