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Hurricanes Rumors

Looking Ahead To 35+ Contract Situations

July 20, 2017 at 1:28 pm CDT | by Gavin Lee 1 Comment

In the NHL, signing players after they turn 35-years old comes with some added restrictions and capabilities. For one, those players are now eligible for one-year contracts that include performance bonuses, a way to mitigate risk for the team while still providing opportunities for previously successful players. The big restriction though, is that the cap hit of any contract signed after 35 will stay on the books regardless of what happens with the player. Whether their bought out or retire, the team will still face the full cap hit for the entire length of the deal.

This year, we saw Colorado swallow their pride and buy out Francois Beauchemin even with this extra clause, and they will face the full $4.5MM cap hit this season. Mike Cammalleri, who is now 35 himself and was similarly bought out will not fall under this rule because he signed his contract several years ago. Only if the contract is signed after 35 does it come into effect.

With that clear, let’s look at some of the players who will be under contract for the 2018-19 season and could potentially cause their teams a cap hit without actually playing for them. Here are all the 35+ contracts that will still be active after the coming season.

Patrick Marleau – Toronto Maple Leafs

The Toronto Maple Leafs signed Patrick Marleau to a three-year, $18.75MM contract this offseason and took a substantial risk in doing so. Marleau turns 38 before the season starts, and though he has been known to keep his body in great shape throughout his career is clearly on the regular downward trajectory every player experiences. The Maple Leafs did an interesting thing to reduce some of their risk however, by front-loading Marleau’s contract and paying nearly the whole thing out in signing bonuses. Patrick Marleau

On July 2nd 2019, a few months before the final season of the contract begins, Marleau will have just $1.25MM left owed to him. Though he’ll be 41 for that season, and still carrying a $6.25MM cap hit, he’ll be a near-free option for a team struggling to hit the cap floor. That’s assuming he’s not still effective and the Maple Leafs want to keep him around, though they will be paying their young players like Auston Matthews a good chunk of the cap and may need the room. Marleau does have a no-movement clause, but if he’s set on retiring anyway it likely wouldn’t matter to him if his contract was traded.

Justin Williams – Carolina Hurricanes

Williams signed a two-year deal with the Hurricanes to return to the place he won his first Stanley Cup, and he comes with very little risk for the club in terms of retirement. Still a very effective scoring option, last season Williams actually registered his highest goal total since his days in Carolina a decade ago. It’s hard to see how he would fall so far in 2017-18 to make him think retirement was the only option.

That said, there is always a chance that a 35+ player could fall off a cliff production wise or just reach a point in his life that he wants to move on from hockey. If he did that next summer, the Hurricanes would be on the hook for a $4.5MM cap hit with no player to show for it. Luckily, the Hurricanes are one of those cap floor teams and an empty hit like that would pose no issue to their salary structure. They’d rather have an effective Williams in the lineup, but this deal came with almost no risk.

Ron HainseyRon Hainsey – Toronto Maple Leafs

Here come the Maple Leafs again, who handed out two multi-year deals to 35+ players this offseason. Hainsey comes fresh off a Stanley Cup victory with the Pittsburgh Penguins in his first taste of the playoffs, and will be expected to log difficult minutes in Toronto to take some pressure off their young group. His two-year, $6MM deal also comes front loaded should the team need to move him next summer.

Hainsey will be 38 when the contract expires, and some have already started to point out his deficiencies as the years roll on. With the Maple Leafs having to make decisions on James van Riemsdyk, Tyler Bozak, William Nylander and Leo Komarov next summer, any further decline from Hainsey could be a problem. With no buyout relief available, the Maple Leafs would likely have to bite the bullet and keep him around through the end of the deal.

Alex Burrows – Ottawa Senators

It took a two-year extension from the Ottawa Senators to get Burrows to waive his no-trade clause at last year’s deadline, and that number will be tough to watch for the team should he continue his rapid decline. For a player who once scored 35 goals in a season, Burrows had just 24 the last two combined. While he did show some better jump in the Ottawa lineup, the team has several young players who will deserve more playing time over the next couple of seasons.

$2.5MM isn’t the end of the world, but when you’re a team who works on a tight internal budget like the Senators every dollar can mean a lot. Without the buyout option and the risk of Burrows hanging it up, that $2.5MM could haunt them next summer. Luckily, it will expire before the team needs to shell out the dollars for Erik Karlsson, who will be eligible for extension next offseason but won’t have his expected record-breaking deal kick in until 2019-20.

Ryan Miller – Anaheim Ducks Ryan Miller

Anaheim took a risk handing out a 35+ contract to Miller, but there doesn’t seem to be any sign of him wanting to retire just yet. He’s now closer to his offseason home with actress Noureen DeWulf, and $2MM per season to backup John Gibson seems like a perfect scenario 37-year old goaltender. Even though he could suddenly turn ineffective, their faith in Gibson and his similar inexpensiveness (he’s owed just $2.3MM in each of the next two seasons) covers their back.

Derek MacKenzie – Florida Panthers

The two-year extension the Panthers gave their captain last summer was a surprising one, if only because you don’t usually see players of his stature receive a guaranteed contract a year before they’re due for one. MacKenzie signed his first 35+ contract, but it comes at such a small cost—$2.75MM total over two years—that it poses little risk. The team wouldn’t need to buy him out, and even if he were to hang up his skates next summer they would have plenty of cap room. Besides, the Panthers have had great success with 35+ contracts in the past—just ask Jaromir Jagr.

Photos courtesy of USA Today Sports Images

Anaheim Ducks| Carolina Hurricanes| Florida Panthers| Ottawa Senators| Toronto Maple Leafs Alex Burrows| Derek MacKenzie| Justin Williams| Patrick Marleau| Ryan Miller

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Filip Chytil, Martin Necas Sign Entry-Level Deals

July 14, 2017 at 1:47 pm CDT | by Gavin Lee Leave a Comment

A couple of first-round picks have inked their entry-level contracts, as Filip Chytil and Martin Necas have signed with the New York Rangers and Carolina Hurricanes respectively. Though details on Chytil’s deal haven’t been released, Necas will earn $925K ($832.5K salary+$92.5K signing bonus each season) at the NHL level. Both deals likely contain performance bonuses as well.

Necas, the 12th-overall pick, is one of the most disputed selections in the top fifteen as he is unknown to many North American hockey fans. Though he’s played incredibly well internationally for the Czech Republic, his short career in the top Czech league wasn’t record breaking. That said, holding your own at 17 in any professional league is impressive, and Necas has immense potential as a future top line center.

Chytil on the other hand was later in the round, 21st overall as New York’s second first-round pick. He was the second Czech player selected (after Necas) and comes with incredible skating ability. Not exactly the type of puck-controlling presence Necas is, Chytil relies more on his straight line speed and ability on the forecheck. As he continues to grow, he could develop into a top line winger with a booming shot, but also has some experience in the middle.

Carolina Hurricanes| New York Rangers

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Chuck Greenberg Signs Letter Of Intent To Buy Carolina Hurricanes

July 13, 2017 at 2:06 pm CDT | by Gavin Lee 4 Comments

According to multiple reports including Scott Soshnick of Bloomberg, Chuck Greenberg has signed a letter of intent to purchase the Carolina Hurricanes for $500MM. Greenberg is the former part-owner and CEO of the MLB’s Texas Rangers, and according to Soshnick he would not attempt to move the Hurricanes out of North Carolina.

The rumored $500MM price tag is the same fee that the expansion Vegas Golden Knights paid for their franchise, but more than double what Forbes valued them at in 2016 when they ranked them last among NHL franchises. Though pure value is rarely the selling price, this would be a huge investment on Greenberg’s part and one that will come to a shock to many. The current owner, Peter Karmanos said in January that he was open to selling the entire franchise and that he’d been looking for at least partial buyers for a while. It seems he may have found his man in Greenberg, who comes in with plenty of sports franchise experience.

Greenberg Sports Group currently owns three minor league baseball teams, and Greenberg himself was owned a part of the Texas Rangers along with Nolan Ryan from 2010-2011. He was also an attorney on the acquisition of the Pittsburgh Penguins by Ron Burkle and Mario Lemieux, an ownership that was examined in great detail this morning.

The Hurricanes released a statement on the offer:

Since an offer has been made to purchase the team, Mr. Karmanos intends to evaluate that offer and also will continue to evaluate his other options, including retaining his ownership of the team.

It will be interesting to see if the deal goes through, and what immediately happens to the Hurricanes. They’re currently being managed quite well in terms of hockey operations by NHL legend Ron Francis, though they still haven’t been able to find much financial success. Carolina ranked dead last in terms of average attendance last season with less than 12,000 per game, a figure that was nearly half of what the Chicago Blackhawks reported. While there are other ways to keep a sports franchise afloat financially, most of it stems from fan loyalty and excitement, something Carolina has had trouble with over the years.

Carolina Hurricanes

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Reactions To Jaccob Slavin’s Seven-Year Extension

July 12, 2017 at 5:09 pm CDT | by Gavin Lee Leave a Comment

If you want to get a look into how poorly the Carolina Hurricanes rank in terms of national exposure, read some of the reactions from fans around the league after Jaccob Slavin signed a seven-year, $37.1MM extension with the team this morning. The question of “who?” popped up quite a few times despite Slavin’s growing reputation as one of the top young defensemen in the league. Playing in relative obscurity, he’s developed into a true top-pairing player who is now being paid ahead of similarly aged players like Morgan Rielly and Hampus Lindholm.

Writers and analysts were less confused by the deal, immediately marking it as a potential steal for the Hurricanes going forward. If Slavin’s development continues at the same rate he’ll be criminally underpaid by the time he hits the free agent years he gave away today. Here are some reactions from around the league.

  • Gord Miller of TSN calls Slavin one of the best young players in the game, noting that he’s still one of the least talked about. E.J. Hradek of the NHL Network agrees, saying he’s a “core D man” and that it’ll likely turn out to be a bargain contract.
  • Mike Kelly points out Slavin’s excellent first pass ability, saying that he’s among the league leaders in terms of successfully sending it out of his own end. Slavin’s ability to exit the zone with possession, either on his own stick or a teammate’s is one of the best parts of his game.
  • Greg Wyshynski of Puck Daddy calls him a “diamond in the rough” and agrees with Fansided’s Cardiac Canes blog reaction to the deal, comparing him to Aaron Ekblad without the reputation.
  • Chip Alexander of the News & Observer passes along a quote from GM Ron Francis, who called his own defensive group “one of the best young defense corps in the game, if not the best” and saying Slavin still has “tremendous upside.” If he still has more to give, he’ll certainly be a bargain for the Hurricanes in a few seasons.
  • Finally, Ken Campbell of the Hockey News puts it all together into a simple idea: Slavin is a steal. He finishes his piece with the same idea many are thinking about with regards to the Hurricanes roster going forward. Francis is giving the fan base every excuse to believe that their team can get back to the winning ways they saw more than ten years ago, when a surprisingly good team took home the Stanley Cup in 2006. As Campbell puts it “Nothing will bring the fans back in Carolina like winning will and the way GM Ron Francis is operating these days, the Hurricanes are giving themselves every chance to do just that.”

Carolina Hurricanes Jaccob Slavin

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Carolina Hurricanes Sign Jaccob Slavin To Seven-Year Extension

July 12, 2017 at 10:39 am CDT | by Gavin Lee 2 Comments

The Carolina Hurricanes have made a huge commitment to one of the best up-and-coming defensemen in the league, inking Jaccob Slavin to a seven-year, $37.1MM contract extension. The deal will kick in for the 2018-19 season, and carries an average annual value of $5.3MM. Hurricanes’ GM Ron Francis released a statement on the deal: Jaccob Slavin

Jaccob is one of the cornerstones of our team moving forward, and it was important to secure him with our organization long term. We believe he is one of the top young defensemen in the NHL today, and are thrilled that he and his wife, Kylie, have made their home in Raleigh.

Slavin, 23, has come a long way since being selected in the fourth round of the 2012 draft. He notably wasn’t even included in the NHL’s Central Scouting rankings that season, but has done nothing but succeed at every level. The prototypical NHL defenseman these days, Slavin can do it all. Skating the puck out of the zone, and contributing once in the offensive end of the rink, he registered 34 points and was nearly unbeatable in his own end.

On the last season of his entry-level deal, getting Slavin under contract long-term was obviously a priority of both sides. While the $5.3MM salary will be quite an increase next season, he seems destined to become one of the most underpaid players should his development continue. He won’t turn 24 until near the end of next season, and is already a top-pairing player. Logging over 23 minutes a night last season he played in all situations for the Hurricanes.

Going forward, Carolina will rely on their deep defense group to try and start competing with the top teams in the Metropolitan division. All of them though (save for Justin Faulk) will need new contracts sooner or later, with Noah Hanifin, Brett Pesce, Trevor van Riemsdyk and Klas Dahlbeck all set to become restricted free agents next summer. Carolina obviously won’t need to hand out this kind of extension to all of them, but the group will get expensive quickly and may need to be broken up in the near future.

With several defensive prospects knocking on the door to the NHL, Carolina remains in perfect position to move some of their depth for help up front. Though it is unclear if they’re still involved in discussions for Matt Duchene or other offensive upgrades, they certainly have the pieces to jump back into the fray at any point.

For Slavin, giving away four years of free agency may seem like he’s selling himself short, but getting a deal of this amount after just a season and a half of performance is quite a feat. There is no guarantee his play continues, and even if it does he’ll be hitting free agency still with several years of high level play remaining in his career.

Photo courtesy of USA Today Sports Images

Carolina Hurricanes| Newsstand| Transactions Jaccob Slavin

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Viktor Stalberg Signs With Swiss Club EV Zug

July 11, 2017 at 9:01 am CDT | by Zach Leach 1 Comment

Over the past few years, many NHL veterans have turned to the Swiss National League A when they could not find a home in the NHL. Mark Arcobello, Roman Cervenka, Drew Shore, and Dustin Jeffrey made up some of the NLA’s top players in 2016-17. Yet, thus far it has been a quiet off-season for the growing Swiss league. Only lesser-known North American pros such as Mason Raymond and Joel Vermin have made the jump overseas, instead of the regular influx of NHL veterans like in recent years.

That is, until now. EV Zug, fresh off an appearance in the NLA championship, announced this morning that they have signed NHL veteran Viktor Stalberg to a two-year deal. It has been rumored for some time that Stalberg, ranked 45th in PHR’s Top 50 Free Agents, was looking into NLA offers, but after playing well for the Ottawa Senators down the stretch and during their surprising playoff run this season, many thought he would eventually receive a suitable NHL offer instead. Perhaps that wasn’t the case, as the Swedish winger has signed on for two years in the NLA, signalling that he is taking a break from the NHL, at least for a while.

Stalberg, 31, has been committed to North American hockey for some time now and it is a bit strange to see him leave after his stock rose at the end of the 2016-17 season. Stalberg originally left home to play at the University of Vermont in 2006, the same year he had been drafted by the Toronto Maple Leafs. Stalberg went on to be a key forward for the Chicago Blackhawks for a few years, posting a 20-goal season and career-high 43 points with the team in 2011-12 and helping out the Stanley Cup-winning squad in 2012-13. Since leaving Chicago, Stalberg has become more of a journeyman mercenary; a role player for teams for short periods of time. In the past three years, he has played for the Nashville Predators and their AHL affiliate, the Milwaukee Admirals, the New York Rangers, the Carolina Hurricanes, and the Senators. In those three seasons, Stalberg registered only 46 points combined, which may have lent itself to the seemingly low level of interest from other teams. Stalberg may have lost his NHL scoring touch, but he’s likely to rediscover it in the NLA. Stalberg is a great veteran addition for HV Zug, and with more than a few years of hockey left in him, Stalberg’s NHL days may not be completely over yet either.

 

Carolina Hurricanes| Chicago Blackhawks| NLA| Nashville Predators| New York Rangers| Ottawa Senators| Toronto Maple Leafs Drew Shore| Joel Vermin| Mason Raymond

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PHR Mailbag: Duchene, Kessel, Hurricanes, Bruins

July 10, 2017 at 4:31 pm CDT | by Zach Leach 4 Comments

We’ve been taking your off-season inquiries over the weekend in the comments and using #PHRMailbag on Twitter. Here are some questions and answers to ponder:

Conorsoxfan: Is Matt Duchene still going to be moved? What about Landeskog? Are the Avs waiting for the right offer or are they holding on to all their assets for now?

We received several questions about Matt Duchene and for good reason. The Avalanche have been speaking with teams since the Trade Deadline about moving the talented forward and Duchene himself is on record as saying that he is open to a move, but months later he is still in Colorado. It seems that GM Joe Sakic has a very specific (and lofty) return in mind and is hesitant to move Duchene without getting exactly what he wants. That return certainly includes a young, proven defenseman, which is not exactly a commodity that most teams are eager to move. The Columbus Blue Jackets and Carolina Hurricanes seem like they have the best chance of meeting Sakic’s demands, as both teams are loaded with young, NHL-ready defenseman. However, the rumor that Colorado rejected a deal for Travis Hamonic that included Duchene makes you wonder if Sakic is searching for a caliber of player that is simply unavailable. It would be best for Duchene, the Avs, and the rest of the NHL trade market if a deal would get done sooner rather than later, but don’t be surprised if Duchene is still a talking point at the next Trade Deadline.

As for Gabriel Landeskog, rumors of his deaparture have definitely been on the back burner this summer after he too was hot topic at the Trade Deadline. Although the Avalanche are coming off a historically bad season, they seem to be playing it safe with their rebuild. They have not sold off all of their veteran pieces, nor have they operated like a team that’s pushing for a playoff spot. Their only major additions this season are a backup goaltender, Jonathan Bernier, and a low risk-high reward gamble, Nail Yakupov. They got potentially the best player in the draft at #4 overall in defenseman Cale Makar, but he is at least two seasons away from seeing NHL ice time. It seems that Sakic is content with keeping his roster intact and slowly adding in younger players and moving out older pieces. That type of status quo strategy would seem to indicate that Colorado isn’t keen on losing its captain unless the return could truly change the course of the franchise. Especially if Duchene does end up traded, don’t expect Landeskog to follow. He’s likely to remain in Colorado for the time being.

@Wings16Canes13: When and will Pittsburgh trade Kessel? Or does another coach have to go first?

It always seems like there’s some controversy surrounding Phil Kessel. This question alludes to rumors coming out of Pittsburgh that the uber-talented winger and head coach Mike Sullivan don’t see eye-to-eye on many things. Moreover, it’s been said that assistant Rick Tocchet acted as go-between for the two these past two seasons, and with Tocchet likely headed to Arizona as the head coach of the Coyotes, the relationship between Kessel and Sullivan could get worse. However, the Pittsburgh Penguins are also back-to-back Stanley Cup champs, with both Kessel and Sullivan playing major roles in each title. Neither is likely to be on the move any time soon, especially not because they dislike each other. It may not be the most comfortable locker room, but the two will learn to live with each other and any struggles for the Penguins in 2017-18 will be attributed to Stanley Cup hangover, not a feuding coach and player. With that said, Kessel has a $6.8MM cap hit for five more years, which could cause cap trouble down the road for the Penguins, while the team has also shown a willingness to move on from head coaches after just a down season or two. Both Kessel and Sullivan could be gone in a few years, but it’s impossible to know which first and when, only that it’s highly unlikely to be this year.

mikedickinson: Hurricanes are loaded on defense and have three kids who can play in the AHL as well. They aren’t trading any of their top 4. Can they trade from their strength to address a weakness (center)? Also, JVR to Raleigh to play with his brother?

The Carolina Hurricanes boast one of the youngest, deepest, and most talented defensive corps in the entire league. All-Star Justin Faulk leads a group that includes 2015 #5 pick Noah Hanifin, 2012 fourth-rounder Jaccob Slavin, 2013 third-rounder Brett Pesce, 2014 #7 pick Haydn Fleury, 2014 second-rounder Roland McKeown, and now the recently-acquired Trevor van Riemsdyk, not to mention dependable depth defender Klas Dahlbeck and 2016-17 AHL surprise Jake Chelios. There’s also 2016 first-rounder Jake Bean to consider as well, though he remains in juniors. That group has one thing in common: none of them are more than 26 years old. When the Hurricanes acquired van Riemsdyk from the Vegas Golden Knights last month, many felt that the move indicated that Faulk, the team’s top right-shot defenseman, would be on the move. After all, the team has been linked to Matt Duchene as well as others as they try to bring their forward depth up to the same level as their defense. However, GM Ron Francis has stated since that he wants to keep his starters together. It also seems unlikely that he’s keen to move talented teenager Bean, leaving promising, but slowly developing players like Fleury, McKeown, and Chelios as his top trade chips from the blue line. None of those players will get a Duchene or similar-caliber player, but don’t be surprised if the ’Canes use them to add some depth forwards this off-season or along the way next season. If Francis is posturing, then yes any of Faulk, Hanafin, Slavin, or Pesce could be used to bring in a big fish.

As for James van Riemsdyk, it is an interesting development to have his brother in Carolina, an up-and-coming team (like the Maple Leafs) that’s in need of an impact forward. JVR is entering the final year of his contract and it seems unlikely that Toronto will re-sign him, considering the expensive extensions coming down the line for Auston Matthews, Mitch Marner, and William Nylander. The question then becomes whether or not the Leafs are interested in moving him this off-season and whether the Hurricanes are willing to pay the price for his services this year when they can sign him next summer for free. If the Leafs look to deal him, Fleury or McKeown as the centerpieces likely won’t cut it. The Leafs are on the hunt for a top-pair right-shot to pair with Morgan Rielly and Faulk certainly fits the bill, but that’s a high price to pay for an impending free agent. I think you’re on to something with JVR and TVR teaming up in Carolina, but I think it could come at a lower price toward the Trade Deadline or via free agency next off-season.

mpfallon: Will the bruins make some big offseason moves?

This depends on your definition of “big”. Despite rumors that the Bruins have been looking into acquiring a top-four left-handed defenseman and a top-six winger, GM Don Sweeney has also made it clear that he doesn’t want to acquire players that will block Boston’s talented young prospects. College star Anders Bjork, 2015 first-rounder Jake DeBrusk, Peter Cehlarik, who got a taste of the NHL last year, and possibly even Danton Heinen and Jesse Gabrielle will all compete with Frank Vatrano, Matt Beleskey, and recent signing Kenny Agostino for a top-nine spot on the left side, and Ryan Spooner could join the mix if the B’s prefer rookie Jakob Forsbacka Karlsson at third line center. The left wing battle could spill over to the right side as well, where top forward prospect Zach Senyshyn will also look to make the team. On the blue line, Rob O’Gara, Jakub Zboril, and Jeremy Lauzon will all fight for the final spot on the left side, and the recent signing of Paul Postma could indicate that the team is okay with moving Kevan Miller to the left side to free up a spot for Adam McQuaid to continue to be a starter with Postma as the seventh man.

There is more than enough depth in Boston that the Bruins may make no moves for the rest of the off-season. Odds are that they do something, but likely not anything “big”. A trade for a left-shot defenseman, possibly a Nick Holden or Jonathan Ericsson, or the signing of a stopgap winger, like Drew Stafford, Thomas Vanek, or Alex Chiasson seems possible, but anything bigger could be a long shot. So the short answer to your question is no, they won’t make “big off-season moves”. They could make a small, but significant move or two, but chances are a big trade would come closer to the Trade Deadline after they give the kids a shot first.

Boston Bruins| Carolina Hurricanes| Coaches| Colorado Avalanche| Columbus Blue Jackets| Free Agency| Pittsburgh Penguins| Players| Prospects| Toronto Maple Leafs| Utah Mammoth| Vegas Golden Knights Adam McQuaid| Alex Chiasson| Auston Matthews| Cale Makar| Drew Stafford| Frank Vatrano| Gabriel Landeskog| James van Riemsdyk| Jonathan Bernier| Jonathan Ericsson| Justin Faulk| Kenny Agostino| Kevan Miller| Klas Dahlbeck| Matt Beleskey| Matt Duchene| Mitch Marner| Morgan Rielly| Nail Yakupov| Nick Holden| Noah Hanifin| PHR Mailbag| Peter Cehlarik

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Who’s Playing On Another Team’s Dime?

July 4, 2017 at 7:33 pm CDT | by Mike Furlano 5 Comments

The most recent CBA introduced retained salary transactions—trades where a team trade a player but agree to pay a percentage of his salary. This is ideal when a team wants a player but will have trouble fitting him in under the cap. The ability to retain salary comes with restrictions, however, so let’s briefly look at how retained salary transactions work before looking at which players are subject to them.

  1. A team can retain up to 50% of a player’s average salary (including bonuses);
  2. The retained salary amount is uniform over the full length of the player’s contract;
  3. A team can retain up to three players’ salary at one time;
  4. A team cannot have more than 15% of the salary cap devoted to retained salary;
  5. A team cannot retain salary on a player who is already subject to two current retained salary transactions;
  6. If a team acquires a player with retained salary, then trades him while also retaining salary, the second retained salary agreement cannot modify the initial retained salary agreement;
  7. Teams cannot reacquire a player within a year of trading him if it agreed to retain salary in the initial transaction (unless the player’s contract terminated);
  8. Retained salary obligations apply to any cap advantage recapture amounts; and
  9. Retained salary obligations still apply if a player is bought out or loaned to an AHL club. The NHL team would pay a portion of the player’s AHL salary (if applicable).

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Right now eight NHL players play on contracts with retained salaries. Vincent Lecavalier would have had the most retained salary with $2.25MM, and both Jannik Hansen and Patrick Maroon tie for the least with $500K. Below is the full list of players with retained salary contracts:

F Phil Kessel
The Toronto Maple Leafs retained 15% of Kessel’s salary, or $1.2MM, when they traded him to the Pittsburgh Penguins on July 1, 2015. Kessel is now a two-time Stanley Cup champion with five more years left on his deal.

F Vincent Lecavalier
The Philadelphia Flyers retained 50% of Lecavalier’s salary, totalling $2.25MM a year, in a trade with the Los Angeles Kings on January 6, 2016. Luckily for the Flyers, Lecavalier retired after the 2015-16 season forfeiting the last two years of his contract. The original deal expires in the summer for 2018.

F Patrick Maroon
The Anaheim Ducks retained 25% of Maroon’s salary, totalling $500K a year, in a trade with the Edmonton Oilers on February 29, 2016. Maroon is in the last year of his current deal.

F Cody McLeod
The Colorado Avalanche retained 40% of McLeod’s salary, totalling $533K a year, in a trade with the Nashville Predators on January 13, 2017. McLeod is also in the final year of his deal.

F Jannik Hansen
The Vancouver Canucks retained 20% of Hansen’s salary, totalling $500K, in a deal with the San Jose Sharks on March 1, 2017. Hansen in is the final year of his four-year deal.

G Mike Smith
The Arizona Coyotes retained 20% of Smith’s salary, totalling $1.416MM, in a trade with the Calgary Flames on June 17, 2017. Smith has two years left on his current contract.

G Eddie Lack
The Carolina Hurricanes retained the maximum 50% of Lack’s salary, totalling $1.375MM, in a trade with the Calgary Flames on June 29, 2017. Lack is in the final year of his two-year deal.

G Alexei Emelin
The Vegas Golden Knights retained 26.83% of Emelin’s salary, totalling $1.1MM in a trade with the Nashville Predators on July 1, 2017. The Golden Knights selected Emelin in the NHL expansion draft this summer from the Montreal Canadiens. Emelin is in the final year of his four-year contract.

Anaheim Ducks| CBA| Calgary Flames| Carolina Hurricanes| Colorado Avalanche| Edmonton Oilers| Philadelphia Flyers| Toronto Maple Leafs| Utah Mammoth| Vancouver Canucks| Vegas Golden Knights Alexei Emelin| Cody McLeod| Eddie Lack| Jannik Hansen| Mike Smith| Patrick Maroon| Phil Kessel

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Marcus Kruger Traded To Carolina Hurricanes

July 4, 2017 at 10:03 am CDT | by Gavin Lee 2 Comments

As expected yesterday, the Carolina Hurricanes have acquired Marcus Kruger from the Vegas Golden Knights in exchange for a 2018 fifth-round pick. Kruger was acquired by the Golden Knights just a few days ago in a pre-arranged deal with Chicago. The Blackhawks had to wait to pay out a $2MM signing bonus on July 1st before moving Kruger for future considerations (which in all likelihood are nothing). It’s cap relief the Hawks were after, and they had to allow Trevor van Riemsdyk to be picked in the expansion draft to do it. Marcus Kruger

van Riemsdyk was also traded to the Hurricanes after the draft, making this a pretty handy selection for the Golden Knights. In essence, instead of taking a player from the Blackhawks they received a second and a fifth-round pick. Carolina GM Ron Francis had this to say about his new center:

We were determined to bring in experienced players with winning pedigrees and Marcus is another addition who fits that mold. He’s a solid, two-way center who has achieved success both in the NHL and internationally.

Kruger has won two Stanley Cups with the Blackhawks, and several international medals with Sweden including Olympic Silver. The 27-year old already has 87 career playoff games under his belt, and should bring some of that experience to a young Carolina team looking to make an impact this season. The most important part, is that Kruger’s salary structure fits perfectly for the cap-floor team.

After the signing bonus was paid out, Kruger is owed just $1.45MM for the rest of the 2017-18 season despite his cap hit of $3.08MM. Next year his salary is just $2.3MM, meaning the Hurricanes will pay out a grand total of $3.75MM for two years of the checking center. Contracts like that are the lifeblood for a team that simply can’t pay up to the salary cap ceiling. Even better, Kruger is still a very useful player right in his prime. Though he’ll never be a top scoring threat, Kruger is a very effective checking center who has received Selke votes twice in his career, and is generally well regarded in a shut down role.

The Hurricanes have become a landing spot for several former Blackhawks, now with van Riemsdyk, Kruger, Teuvo Teravainen and Scott Darling set to play key roles next year. They’ve become a scavenging team, set to prey on teams that are in cap trouble. That plan looks like it will work for them, as with a new goaltender and maturing young core the Hurricanes should be a contender for a playoff spot as soon as next season. If they can acquire another offensive player for some of their defensive depth as many have expected, they’ll be even more dangerous.

Photo courtesy of USA Today Sports Images

Carolina Hurricanes| Vegas Golden Knights Marcus Kruger

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Minor Transactions: 7/1/17

July 1, 2017 at 2:11 pm CDT | by natebrown Leave a Comment

Some additional signings that happened today:

  • The Carolina Hurricanes added Brenden Kichton to a one-year, two-way contract. The Hurricanes announced that the deal is for $700K in the NHL and $235K in the AHL. Kichton played 63 games with the Manitoba Moose last season, recording 23 points (1-22). Dennis Robertson and Jeremy Smith also signed deals with the Hurricanes.
  • The Canucks inked Anton Rodin to a one-year, $700K deal according to Sportsnet. Rodin struggled with injury last year, playing only three games for Vancouver.
  • The Detroit Red Wings brought Luke Witkowski into the fold for a “toughness” aspect. Witkowski is a Michigan native and was added with a two-year, $1.4MM deal. Interestingly, it appears that he will shuffle between defense and forward for Detroit. Despite a glut of forwards, Detroit may want him to play the role that Steve Ott did last season, especially since it was Witkowski who broke Anthony Mantha’s finger in a scuffle last season while with Tampa Bay.
  • Winnipeg inked Michael Sgarbossa to a one-year, $650K deal. Last season, he was with both the Anaheim Ducks and Florida Panthers. The 24-year-old had a combined nine points (2-7) with both teams. The Jets also added Buddy Robinson with a one-year deal worth $650K. It’s a two-way contract.
  • Defenseman Seth Helgeson signed a one-year, two-way deal with the Islanders. The former New Jersey Devil played nine games with the big club last season, and spent 48 games with the AHL Albany Devils, scoring two goals and adding seven assists.
  • Patrik Nemeth re-upped with Dallas, agreeing to a one-year, $945K deal. Nemeth had three points last season with the Stars in 40 games. Brian Flynn also hammered out a deal with Dallas, agreeing to a one-year, two-way contract for $700K. Flynn spent last season with Montreal. Mike McKenna also signed on with the Stars, agreeing to a one-year, two-way contract. Dallas also agreed to terms with Brent Regner, who signed a one-year, two-way deal.
  • The Sabres signed Matt Tennyson to a two-year deal, with the first year being on a two-way contract while the second is a one-way deal. Tennyson spent last season with the Carolina Hurricanes, where he played 45 games. He had six assists. Seth Griffith and Adam Wilcox also inked deals with the Sabres. Griffith agreed to a one-year, $650K deal while Wilcox’s one-year deal is a
  • The Providence Journal’s Mark Divver reports that Jordan Szwarz signed a two-way deal with the Boston Bruins. Szwarz spent all of last season with the Providence Bruins, where he had 54 points (22-32)  in 65 games.
  • Derek Grant is on the move according to Darren Dreger, agreeing to a one-year deal with the Anaheim Ducks for $650K.  It’s a one-way contract for Grant, who spent the majority of his time last season with the Buffalo Sabres. He also saw six games with Nashville.
  • Montreal and Joe Morrow agreed to a one-year, one-way contract. Formerly with the Bruins, Morrow had one assist with the B’s, but only appeared in 17 games, as opposed to the 33 he saw a season prior.
  • Ottawa made a slew of signings, adding Ben Sexton Max Reinhart, Tyler Randell, Erik Burgdoerfer, and Danny Taylor to deals. Reinhart, Taylor and Randell all signed one-year deals, while Burgdoerfer and Sexton agreed to two-year deals.
  • Mat Bodie signed a one-year, two-way contract with the Tampa Bay Lightning. Bodie appeared in a combined 62 games for Rochester and Hartford of the AHL last season. The Bolts also added Alex Gallant with a one-year deal. Gallant spent last year with the San Jose Barracuda. Finally, Michael Leighton and Jamie McBain both agreed to one-year, two-way deal as well.
  • Kyle Rau and Minnesota came to terms on a one-year, $700K deal. Rau’s deal is a two-way deal and brings him back to his home state.
  • TSN’s Aaron Ward tweets that Paul Carey agreed to terms with the New York Rangers. Ward reports that the deal is for one-year, and is worth $650K. The Blueshirts also added Cole Schneider to a one-year, two-way contract.
  • The Flames brought Marek Hrivik aboard, signing him to a one-year, two-way deal. Postmedia’s Wes Gilbertson tweets the move is for organizational depth. According to Fox Sports West’s Jon Rosen, the Flames have also signed their 2016 seventh-round pick Stepan Falkovsky to a three-year entry-level contract.
  • The Oilers signed Eddie Pasquale to a one-year, two-way deal. Pasquale was allowed to walk away from the Red Wings organization. Another player signed away from the Red Wings organization was Mitch Callahan, who agreed to a two-year, two-way deal. Both were reported by Ryan Rishaug. Keegan Lowe also inked a one-year, two-way deal. The Oilers weren’t done, also adding Ryan Stanton with a $700k deal. The deal is for two years, and is a two-way contract. Edmonton also inked forwards Brian Ferlin, Grayson Downing and Ty Rattie to one-year deals.
  • Nashville agreed to terms with Pierre-Cedric Labrie, who came from the Blackhawks organization. Labrie agreed to a one-year, two-way contract. The deal is worth $650K.
  • The Stanley Cup Champion Penguins added some names today, all on one-year deals. Jarred Tinordi, Zach Trotman and Greg McKegg all agreed to a single-year deal. Chris Summers signed on for a two-year deal. In an additional release, the team has re-signed Tom Sestito, Frank Corrado to one-year two-way deals, and goaltender Casey DeSmith to a two-year two-way deal. All three will earn $650K in the NHL.
  • The Sharks and goalie Antoine Bibeau signed off on a one-year, two-way deal. Bibeau was not offered a qualifying deal with his former team in Toronto.
  • The Maple Leafs weren’t done, as they announced the signings of Colin Greening to a one-year deal (two-way, $750K), and Chris Mueller (two-way, $650K) and Vincent LoVerde (two-way, $725K) to two-year deals.
  • The Winnipeg Jets have signed defenseman Cameron Schilling to a one-year, two-way contract. Schilling was with the Rockford IceHogs and Ontario Reign last season, where he scored 26 points.
  • The Colorado Avalanche have signed three more players, inking Andrew Agozzino and David Warsofsky to two-year deals while bringing in Joe Cannata for just one season.
  • Arizona has signed Zac Rinaldo, Michael Sislo, Andrew Campbell and Joel Hanley to one-year two-way contracts. It’s a fall for Rinaldo, who was once traded for a third-round pick.
  • Chase Balisy, Connor Brickley, Reece Scarlett, Harri Sateri and Curtis Valk have all signed one-year contracts with the Florida Panthers. Interestingly, Brickley was the Vegas Golden Knights’ selection from the Hurricanes during the expansion draft but was a Group VI free agent this summer.
  • The Devils have added Brian Strait, Bracken Kearns and Brian Gibbons on one-year two-way deals, bringing in the veterans for $650K at the NHL level.
  • The Vegas Golden Knights have signed six players. They have signed forward T.J. Tynan and defenseman Brad Hunt to two-year deals at $650,000 per season. They inked forward Paul Thompson, forward Stefan Matteau, defenseman Chris Casto and goalie Maxime Lagace to one-year contracts at $650,000.

AHL| Anaheim Ducks| Carolina Hurricanes| Dallas Stars| Detroit Red Wings| Florida Panthers| Injury| NHL| New Jersey Devils| New York Islanders| Transactions| Uncategorized| Vancouver Canucks Anthony Mantha| Anton Rodin| Luke Witkowski| Patrik Nemeth| Steve Ott

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