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Florida Panthers Acquire, Extend Matthew Tkachuk

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The Florida Panthers and Calgary Flames have completed a massive, blockbuster trade.

The teams have each announced the swap: Matthew Tkachuk and a conditional fourth-round pick are going to the Florida Panthers, while Jonathan Huberdeau, MacKenzie Weegar, Cole Schwindt, and a lottery-protected 2025 first-round pick will head to Calgary.

With the trade completed, the Panthers announced that Tkachuk has agreed to an eight-year extension carrying a $9.5MM average annual value. Sportsnet’s Elliotte Friedman reports that the breakdown of Tkachuk’s contract each season is uniform – a base salary of $1MM and a signing bonus of $8.5MM.

That settles the Tkachuk contract situation and closes off any talk of Tkachuk joining the St. Louis Blues, which had been heavily rumored in the days leading up to this trade.

Overall, this is the sort of trade that we just don’t see all that often. It involves three superstar players, two wingers who crossed the 100-point threshold last season and one late-blooming defenseman who has blossomed into a true top-pairing, all-situations minutes-eater. A trade involving three stars doesn’t happen very often, making this swap all the more interesting to unpack.

For the Flames, the rationale for making this deal was quite simple. The team had barely any time to recover from the loss of Johnny Gaudreau to the Columbus Blue Jackets before Tkachuk informed them of his intentions to test free agency in a year’s time. GM Brad Treliving was backed into a corner, and he needed to find a way to revive his team’s competitive prospects despite his leverage decreasing and assets’ values dwindling. This trade is Treliving’s way of jump-starting the Flames’ hopes for next season after a nightmarish start to their offseason.

One could very easily argue that, on a player-for-player basis, the Flames got significantly better through this trade. Yes, Tkachuk is a superstar, combining incredible skill with physicality and peskiness to provide a package of tools few players can rival. On a line with Gaudreau and Elias Lindholm, Tkachuk smashed past his career highs in 2021-22, scoring 42 goals and 104 points. But in exchange for Tkachuk, the Flames are getting a player who also blew past his career highs and reached new heights in production – Huberdeau. In 80 games, Huberdeau scored 30 goals and 115 points, helping power a Panthers offense that scored at will. And it’s not just offense with him either, Huberdeau also saw nearly two minutes of short-handed ice time per game and has made great strides in refining his 200-foot game.

But that’s not all the Flames are getting. They’re also receiving Mackenzie Weegar, a 28-year-old former seventh-round pick who’s quickly risen to be one of the most reliable, impactful, underrated two-way defensemen in hockey. Weegar scored 44 points this season and averaged 2:46 in short-handed ice-time per game. When Aaron Ekblad was struggling to stay in the lineup, Weegar became a true number-one defenseman on the best regular-season team in hockey, a true feat. It’s fair to call Weegar a number-one defenseman and he should instantly be expected to slot into that role on an already talented Flames blueline.

In addition to Weegar, the Flames are getting prospect center, Schwindt. Schwindt is 21 years old and was drafted 81st overall at the 2019 draft. The former Mississauga Steelheads star has adjusted well to professional hockey, and had 40 points in 70 games as a rookie in the AHL. Schwindt represents the future-oriented part of the return, along with the lottery-protected 2025 first-round pick the Flames also received from the Panthers.

So, for Calgary, this trade works on two levels. On one level, it helps them recover from the loss of Gaudreau and compete for a Stanley Cup next season. They are adding an MVP-level, line-driving, 100-plus point winger to replace their lost 100-point winger. They’re also adding a minute-munching, all-situations number-one defenseman as well. Instantly, their team is better. They also receive a solid prospect to develop at their new Calgary-based AHL affiliate, and a nice first-round pick as well.

The true beauty of this trade for Calgary, though, is on its second level. See, this trade gives Treliving something that is all too rare in today’s flat cap world: flexibility. Let’s say, for whatever reason, Huberdeau and Weegar aren’t great fits. The team could struggle out the gate, and it could become clear that expecting the 2022-23 Flames to compete for a Stanley Cup is unrealistic. Well, if that ends up happening, Treliving will have Huberdeau and Weegar on expiring contracts. He will be able to immediately pivot to a rebuilding planfor his club and jump-start it with two players who will likely be the most coveted assets on the deadline trade market.

Treliving would be able to, essentially, orchestrate an auction for Huberdeau and Weegar’s services next season and accumulate a significant stockpile of draft picks and prospects in the process. When added on to the prospect and draft pick already received in this deal, it’s not a bad way to begin an organizational reset, especially when it comes at the cost of a player who had already communicated his intentions to leave in free agency. So for Treliving, this trade gives him and the entire Flames organization the flexibility to be able to effectively pursue either a cup-or-bust competitive window or a future-oriented reset.

Yes, there is some risk for the Flames, there’s no doubt about that. If a rebuild is, in fact, off the table, then adding two players with just a single year of team control each as the main return for Tkachuk is a gamble. If Weegar and Huberdeau both leave as free agents next summer, and the Flames don’t win a Stanley Cup, the initial good feelings generated from this trade could evaporate. But for a Calgary team that badly needed optimism and direction after such a bad month, this is the sort of gamble they’re prepared to make.

From the Panthers’ side of the equation, the motivations behind making this trade are a bit less immediately clear. This is a team that just won the President’s Trophy, so swapping one superstar winger for another at the cost of a top-pairing defenseman might not seem like the wisest choice, especially when they need to surrender a talented prospect and a first-rounder for their trouble. But one look at the Panthers’ cap sheet can give a bit more insight into why GM Bill Zito and the Panthers made this swap.

With major cap hits for Aleksander Barkov, Sergei Bobrovsky, Ekblad, and Sam Reinhart already on the books, the Panthers were looking at a very realistic scenario that either Huberdeau, Weegar, or even both would leave as free agents next summer. That was seen as a necessary risk for a team intent on winning the Stanley Cup, of course, but Zito seemingly decided that that risk was too much to bear. So, he decided to trade both Huberdeau and Weegar at a time when they were still extremely valuable assets in order to secure a younger superstar winger who he can lock into a long-term deal.

With Weegar gone and Tkachuk swapped for Huberdeau, it’s difficult to say that the Panthers are an improved team for next season. But if this trade as well as the departure of interim head coach Andrew Brunette tells us anything, it’s that the Panthers were extremely displeased with their second-round loss at the hands of the Tampa Bay Lightning. The Panthers clearly believe that they need a change in how their group plays, to play with more physicality, fire, and passion. There are few 100-point wingers who offer those three attributes more plentifully than Tkachuk, and even at this steep price, it’s easy to understand why Zito wanted him in Sunrise. If his presence in the lineup and locker room can help augment their team’s identity, it’ll be assets well spent.

This trade will be an extremely interesting one to track, and the storylines it creates could dominate the hockey headlines for months to come. Tkachuk is now in the same division as his brother, Brady, who captains the Ottawa Senators. The Flames have recently had to deal with questions over their ability to retain star players, and they’ve now added two star players who will, in just a year’s time, be free agents. Will the Flames be able to keep them? Will the new-look Flames be as good as last year’s club? Will Zito’s no-holds-barred chase of superstar talent, at the cost of the team’s first-round picks for the next three seasons, result in a Stanley Cup victory for the Panthers?

Those are definitely questions to ponder, and it’ll be extremely interesting to see how they end up answered.

Sportsnet’s Eric Francis was first on the trade. Pictures courtesy of USA Today Sports Images.

Poll: Who Does Matthew Tkachuk Get Traded To?

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Calgary Flames forward Matthew Tkachuk’s arbitration date on August 11 looms, but we know now that it’s only a matter of time before he suits up for another NHL team. Tkachuk told the Flames this week that he won’t re-sign long-term, either forcing a trade now or letting him walk for nothing as an unrestricted free agent next summer. With teams having spent a lot already during the free agency period, though, does a good Tkachuk trade exist with a team that he’s willing to stay with?

It’s a rarity that a restricted free agent is able to force a change of scenery like this, especially one of Tkachuk’s caliber. Easily one of the top wingers in the league (and top forwards in general), his unique fiery brand and 100+ point scoring potential is an incredibly valuable package. He finished the 2021-22 campaign with 42 goals, 62 points, and 104 points, all career highs, and received votes for the Hart and Selke Trophies.

He’ll be on his way out of Calgary, though, joining ex-teammate Johnny Gaudreau as marquee players to leave the team this summer. Having grown up in St. Louis, and with his father Keith still working for the team, a potential union between the Blues and Tkachuk has been a long-standing open secret. The Blues have been reported to be in talks with Calgary about Tkachuk, and it was also reported that St. Louis was on the small list of teams Tkachuk would accept a trade to.

While the report was contested and isn’t verified, Vegas, Florida, Nashville, and Dallas were also all teams that Tkachuk would sign a long-term deal with. While the cap situation for most of those teams isn’t favorable, Nashville and Dallas do have some more wiggle room than the rest in terms of tradeable assets that would head the other way.

So, PHR readers — where does Tkachuk end up to begin the 2021-22 season? Does he finally head home to St. Louis, does a dark horse team sweep him up, or is the relationship between him and Calgary somehow salvaged?

Mobile users, click here to vote!

Calgary Flames Sign Ben Jones

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July 21: The Flames have officially announced the contract for Jones, confirming the previously reported details.

July 16: As reported on by CapFriendly, the Calgary Flames have signed unrestricted free agent forward Ben Jones. The deal has not yet been officially announced, but CapFriendly reports that the deal is a one-year, two-way contract with a $750K cap hit and $100K AHL salary. Jones became an unrestricted free agent after he was not issued a qualifying offer by the Vegas Golden Knights.

Jones, 23, was the final member of the Golden Knights’ first-ever draft class. Drafted 189th overall in 2017, Jones had a successful junior career with the Niagra IceDogs of the OHL. While Jones scored 41 goals and 102 points in his final OHL season, his adjustment to professional hockey was rocky. Jones had only seven points in 36 games for the Chicago Wolves as a rookie professional, although the caveat there is that the Wolves are notorious for, when it comes to issues of ice time, prioritizing AHL veterans who can help them win in the short term compared to their NHL affiliate’s prospects. As a result, Jones played a very limited role in the AHL in his first year in professional hockey and even saw time in the ECHL.

When the Golden Knights’ AHL affiliate switched from Chicago to the new Henderson Silver Knights, Jones grew into a middle-six role and scored 16 points in 38 games. He even got time on the Silver Knights’ powerplay and some sporadic short-handed ice time as well. This past season, Jones finally became an impactful professional player. Jones earned a top-six role in Henderson and saw significant special teams ice time. Jones’ production came along as well, and he scored 25 goals and 41 points in 66 games. Jones’ strong play even earned him a call-up to the Golden Knights when they were ravaged by injuries, and he got two games in at the NHL level.

At 23 years old, Jones is a rare unrestricted free agent who still theoretically has room to grow. Jones’ breakout season with the Silver Knights gives confidence that he can be a difference-maker on the Flames’ new Calgary-based AHL affiliate, and perhaps he can get even more NHL games next season with strong performance. At a $750K cap hit, rolling the dice on Jones is not a bad way for GM Brad Treliving to add depth to his organization.

Matthew Tkachuk Tells Flames He Won’t Sign Long-Term

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6:12 pm: Sportsnet’s Eric Francis contested the reported list of teams that Tkachuk will sign a long-term extension with, saying the trade list of St. Louis, Vegas, Florida, Nashville, and Dallas is “not accurate”.

1:16 pm: What has been apparent for a while is now official, as Matthew Tkachuk has told the Calgary Flames that he will not sign a long-term contract, according to Jeremy Rutherford and Hailey Salvian of The Athletic. The report indicates that a trade is “likely to happen soon” and that Tkachuk has provided the team with a list of where he would agree to a long-term extension.

According to The Athletic, that list includes the St. Louis Blues, Vegas Golden Knights, Florida Panthers, Nashville Predators, and Dallas Stars, with the New Jersey Devils and New York Rangers also expressing interest in the past.

The Flames filed for salary arbitration earlier this week, taking the threat of an offer sheet off the table and giving them some time to potentially work out an extension, or trade the restricted free agent before he accepted his $9.0MM qualifying offer. It appears to be the latter, as an arbitration award would only take Tkachuk directly to unrestricted free agency a year from now, allowing him to take his services wherever he wanted without the Flames receiving anything in return.

After losing Johnny Gaudreau last week, Calgary must cash in the Tkachuk chip before they run out of time. While that doesn’t necessarily need to be right now, allowing Tkachuk to work out a long-term deal with an acquiring club would likely maximize the return for the Flames.

Like Gaudreau, Tkachuk is coming off a massive career-best season, where he notched 42 goals and 104 points while playing in all 82 games. He received Hart and Selke trophy votes, was named a second-team All-Star, and finished eighth in league scoring. With Tkachuk part of arguably the best line in the NHL alongside Gaudreau and Elias Lindholm, the Flames outscored teams 108-49 with him on the ice at even-strength.

Still just 24, he is a year away from unrestricted free agency due to how quickly he entered the NHL. After being the sixth-overall pick in 2016, he jumped right into the league and scored 48 points as a rookie. Now through six seasons, he has 152 goals and 382 points in 431 games, with nearly 600 hits.

This is the kind of franchise-altering talent that almost never gets to the open market and one that is worth mortgaging some of your future for in a trade package. Tkachuk’s overall impact on the game can be felt in several ways, and he could help a contender looking for the edge, or a younger squad hoping to add some rocket fuel to their rebuild.

Where this leaves the Flames on that spectrum isn’t exactly clear. If they do part ways with Gaudreau and Tkachuk in the span of a few weeks, the entire core of their offensive attack has essentially disappeared. While Lindholm is an excellent player on an outstanding contract, Blake Coleman adds versatility and experience to the middle-six, and Andrew Mangiapane has expressed a desire to be part of the long-term solution, it’s hard to know if that is really enough to stay competitive.

A decision that front should inform any potential return, and whether the Flames would then dive into what’s left in free agency to try and give themselves a boost for next season. With only Coleman, Rasmus Andersson, and Jacob Markstrom signed for more than two years, there would at least be an opportunity for a rebuild, if the team wanted. But with so many complementary pieces in place on reasonable deals, it’s hard to see general manager Brad Treliving tearing it down at this point.

Either way, while Flames fans will be frustrated with Tkachuk’s unwillingness to stay, they can at least be happy that he told them early enough to still land a substantial trade package in return.

Photo courtesy of USA Today Sports Images

Andrew Mangiapane Interested In Long-Term Deal With Calgary

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While there are questions about whether or not Matthew Tkachuk wants to stick around with the Flames on a long-term basis, the same can’t be said for fellow winger Andrew Mangiapane.  Ritch Winter, the agent for the 26-year-old, told Sportsnet 960 (audio link) that his client is interested in a long-term deal to stay in Calgary:

I don’t want to get into the negotiations – I share Brad (Treliving’s) view that it’s never really healthy for the process – but I think ultimately to admit that Andrew has submitted a proposal on a multi-year deal tells you he’s quite interested in staying here despite the uncertainty that surrounds Matthew Tkachuk.

Certainly, Andrew feels very comfortable with the coaching staff, he likes the management team here, he likes the city, he’s had a good experience. He said to them he’s quite willing to stay on a longer-term deal.

Mangiapane is coming off a career season that saw him score 35 goals in 82 games while also adding 20 assists, career-highs across the board.  Impressively, that came with a dip in ice time as he averaged just 15:44 per game and was the only player in the top-30 in goals league-wide to average below 17:40 per contest.  Mangiapane also chipped in with three goals and three assists in a dozen postseason contests.

Those numbers certainly bolster his value in his final year of RFA eligibility while Mangiapane was one of 24 players to file for arbitration over the weekend.  He received a qualifying offer of $2.45MM last week although, with the year he had, his next contract could wind up being closer to double that amount.

It stands to reason that what happens with Tkachuk could ultimately play a role in what type of deal Mangiapane lands.  While they have ample cap room to re-sign their RFAs (a group that also includes defenseman Oliver Kylington, another of the 24 players to file for a hearing), if Tkachuk ultimately moves on, GM Brad Treliving may very well have to change course in which case Mangiapane could go from a secondary scorer to a top-liner with the asking price changing accordingly.  Arbitration hearings will start to be scheduled as of July 27th and run for a couple of weeks so there is still some time to work out a new deal and see what happens with Tkachuk but it appears that regardless of what happens with him, Mangiapane is hoping to stick around in Calgary for the long haul.

Photo courtesy of USA Today Sports Images.

Latest On Matthew Tkachuk

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In what has so far shaped up to be a nightmarish offseason for the Calgary Flames, there could be another high-profile departure yet to come. Matthew Tkachuk, the team’s remaining superstar winger, is headed for an arbitration battle with the Flames, as we found out yesterday. They may not even reach that point, though. Eric Francis of Sportsnet believes that the Flames and Tkachuk are “parting ways,” and that the club elected to pursue arbitration in order to “buy more time” to find an appropriate exit plan. Francis added on that he thinks the situation “will be wrapped up within the week,” and if he’s right the deal would cement this July as one of the most transformative months in Flames history.

The decision to potentially trade Tkachuk comes thanks to the reality of his contract situation. Tkachuk is in a position to hit unrestricted free agency next summer and looks poised to do so. The Flames have had every opportunity to extend Tkachuk on a long-term extension, and yet have failed to secure his signature on a deal to this point, indicating that Tkachuk’s heart may not be in Calgary long-term, just like Gaudreau. As a result, the Flames might be motivated to move Tkachuk now in order to avoid a situation where the team allows 100-point wingers to leave in free agency in two consecutive offseasons. The Flames asking price, should they be open to a Tkachuk trade, is likely to be sky-high, although the lack of cap space league-wide could limit them in their chase to get the largest return package possible.

Calgary Flames File For Salary Arbitration With Matthew Tkachuk

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The Calgary Flames announced via Twitter this evening that they have filed for salary arbitration with star forward and current RFA Matthew Tkachuk ahead of today’s 5:00 pm ET deadline for club-elected salary arbitration. Tkachuk had declined to file for salary arbitration prior to yesterday’s deadline for player-elected arbitration, with many expecting the Flames would decline to do so as well. Now, the two sides will have until Tkachuk’s hearing to negotiate an agreement on a new contract, otherwise the matter will be put in the hands of an arbitrator.

The decision to elect arbitration is an interesting one from Calgary’s perspective, but could realistically provide them with advantages in the negotiation process with Tkachuk. The main advantages for Calgary, as cited by PuckPedia, are to eliminate the possibility of an offer-sheet and to prevent Tkachuk from unilaterally accepting the $9MM qualifying-offer the Flames previously made in order to retain the forward’s rights. Though an offer-sheet could conceivably solve the negotiation issues for both sides were Calgary to match, it could also come in the form of a deal the Flames would strongly prefer not to make, but still not worth declining and taking the applicable draft picks. Removing Tkachuk’s ability to accept the qualifying offer also provides the Flames with leverage by preventing Tkachuk from simply ending the negotiation with a one-year deal that would take him straight to the UFA market next summer. Now, Calgary can continue negotiations with Tkachuk without the looming threat of another team forcing an offer on them or Tkachuk unilaterally ending it by accepting the qualifying-offer.

Although he elected not to pursue arbitration, there is still benefit to arbitration for Tkachuk. Now, Calgary must file, at the very least, at the $9MM qualifying-offer. Tkachuk will of course file at a higher number and while the arbitrator may rule in his favor, or for Calgary, or at some number in between, he will be guaranteed at least the same $9MM salary next season.

With the departure of fellow star winger Johnny Gaudreau and Tkachuk a UFA after this upcoming season, the Flames have been left in a difficult position with their future. The organization will need to decide if it wishes to continue as a contender and work to replace Gaudreau, or lean towards a rebuild, and if so, what that means for Tkachuk. At the same time, it forces the difficult decision onto Tkachuk, who must decide if he wants to commit to Calgary for the long haul or if he, like Gaudreau, wants to move on. Presumably, negotiations have been taking place and even if they have been amicable, the two sides may have hit an impasse where progress seems impossible. By filing for arbitration, both parties now have a hard and relatively immediate deadline to come to an agreement, which may move the needle.

No date and time is yet known for any specific arbitration hearings, but a schedule is expected shortly. Hearings will run between July 27th and August 11th. Thus, Tkachuk’s 2022-23 contract will be certain no later than August 12th.

Calgary Flames Unlikely To Elect Arbitration Against Matthew Tkachuk

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With Johnny Gaudreau’s departure from the Calgary Flames organization, all eyes have turned to superstar Matthew Tkachuk and his future with the team. Currently, Tkachuk sits on the RFA market after unsurprisingly receiving a $9MM qualifying-offer from the Flames last week. Not much update has come since then on the 24-year-old’s situation until now, when it was revealed that Tkachuk declined to file for player-elected arbitration ahead of today’s deadline.

In light of the decision not to file, Flames Nation’s Ryan Pike believes the Flames will not elect arbitration on their end before tomorrow’s 5:00 pm ET deadline for teams to elect. Pike cites the fact that by doing so, the Flames would have to offer in arbitration, at the very least, the $9MM qualifying offer. Even still, the arbitrator in Tkachuk’s case could award a number higher than $9MM, perhaps the number Tkachuk were to file at, making arbitration all the more unpredictable at this point for Calgary. Not filing for arbitration will also keep the offer-sheet avenue open, which could pave the way to a long-term resolution for both player and team.

Oliver Kylington, Andrew Mangiapane, Matthew Phillips File For Salary Arbitration

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A key distinction to add is that any player who has filed for arbitration is no longer eligible to sign an offer sheet, effectively taking the players on this list off the market. Three notable names that did not file for arbitration are Winnipeg Jets forward Pierre-Luc Dubois, Calgary Flames forward Matthew Tkachuk and Columbus Blue Jackets forward Patrik Laine. Though contract talks have been quiet on Dubois and Tkachuck, word of amicable discussions between Laine’s camp and Columbus has been made known. Once tomorrow’s club-elected salary arbitration deadline passes, teams and players will have time to prepare their cases before hearings begin, running from July 27th through August 11th.

Nikita Zadorov Re-Signs With Calgary Flames

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The Calgary Flames are bringing back Nikita Zadorov on a two-year deal, according to his agent Dan Milstein. PuckPedia reports that the deal will carry an average annual value of $3.75MM. Calgary has confirmed the deal as well with a release welcoming Zadorov back to the squad.

Today has been a rough one for the Flames organization, not only losing franchise cornerstone Johnny Gaudreau, but also lockdown defenseman Erik Gudbranson, both heading to the Columbus Blue Jackets, but a bright spot has been welcoming back a key piece of their blueline this past season in that of Zadorov. The massive defenseman, listed at 6’6″ and 235 pounds played important minutes on Calgary’s third pair, recording 22 points and a plus-11 rating along with 181 hits in 74 games averaging 16:55 of time on ice. Zadorov will likely be expected to play much of the same role as he did this season for the Flames, but with the departure of Gudbranson, should be expected to elevate his physical play, enough for both of them.

An interesting part of the deal is that the AAV, $3.75MM, is the exact same AAV of the expiring contract. After hitting the open market last offseason, Zadorov signed a one-year, $3.75MM deal with Calgary and after a strong performance, didn’t necessarily earn a raise on a yearly basis, but did guarantee himself a the second year on the deal.

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