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Hurricanes Attempted To Trade Necas Prior To Extension

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One of the biggest names on the trade market this offseason was taken off the board earlier today as the Carolina Hurricanes signed Martin Necas to a two-year, $13MM extension. However, the Hurricanes were also close to moving on from Necas earlier in the summer according to Frank Seravalli in Daily Faceoff’s podcast, the DFO Rundown (approximately 31-minute mark).

Seravalli asserts that Carolina had agreed to a Necas trade with the Buffalo Sabres. However, Seravalli did admit in the podcast that it may not have been the Sabres but he was fairly certain. The trade broke down relatively quickly as Necas purportedly would not agree to sign a new contract in Buffalo. Furthermore from Seravalli, the Hurricanes also had substantial trade talks with the Winnipeg Jets about Necas. He states the Jets had offered prospect Rutger McGroarty, forward Cole Perfetti, and an unspecified draft pick for Necas.

It is unknown when these trade conversations happened as Carolina may have taken Necas off the market entirely after losing Jake Guentzel to the Tampa Bay Lightning. The Hurricanes expect to compete for a Stanley Cup next spring, and their competitive aspirations would have been greatly diminished by losing two top-six forwards in one summer.

All points made by Seravalli point to the idea that Necas had a lot of control over the negotiations and effectively blocked his inclusion in either trade due to his unwillingness not to sign an extension with either organization. Necas has committed himself to Carolina for two more seasons and will become an unrestricted free agent at the end of the contract.

Factoring in Buffalo’s other moves from the summer, adding Necas into the team’s top six would have allowed them to move Jason Zucker down to the third line. Even still, with Zach Benson prepping for a bigger season in 2024-25, and Jiri Kulich on the cusp of cracking the roster; Necas may have dramatically saturated Buffalo’s forward core. However, unlike Benson and Kulich, Necas is an established player at the NHL level.

Without knowing the return to Carolina in the rumored swap with Buffalo, he is coming off a season in which he scored 24 goals and 53 points in 77 games and is only two years removed from scoring 71 points over a full season. He would have helped the Sabres return to their 2022-23 team goal production after seeing a nearly 50-goal decrease this past year, but Buffalo may have been better served by letting the rest of their prospect develop over the next two or three seasons.

The reported deal from the Jets organization appears on paper as a massive overpay, as Perfetti has arguably already shown he can be a top-six threat in limited playing time. The former 10th overall pick of the 2020 NHL Draft averaged 13:35 minutes last year and still managed to score 19 goals and 38 points in 71 games. Including McGroarty in the deal (who is coming off a 52-point campaign at the University of Michigan) would have given Carolina two two-six talents in exchange for one.

Nevertheless, Necas was never dealt with this summer and will remain with the Hurricanes organization for the foreseeable future. He will look to rebound off a depressed campaign last season and look to build upon his production in 2022-23 before entering the free agent market when he is 27 years old.

Hurricanes Re-Sign Martin Necas To Two-Year Deal

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The Hurricanes have come to terms with RFA forward Martin Necas, the team announced. It’s a two-year, $13MM pact with a $6.5MM cap hit, reports Sportsnet’s Elliotte Friedman.

The deal will pay him $3MM in base salary and a $3MM signing bonus this season, per PuckPedia. In 2025-26, he’ll earn a $6MM base salary and a $1MM signing bonus. The contract walks the 25-year-old to unrestricted free agency without buying out any UFA years.

Carolina issued Necas a $3.5MM qualifying offer in June, confirming he’d be a restricted free agent this summer upon completion of a two-year, $6MM deal he signed in August 2022. Necas was eligible for salary arbitration and opted to file, and his hearing was set for Aug. 4. That won’t be necessary now, as the two sides avoid a hearing with today’s settlement. The news leaves the Rangers’ Ryan Lindgren (Aug. 2) as the only remaining RFA with upcoming arbitration hearings.

[RELATED: 2024 Salary Arbitration Tracker]

Necas was one of this offseason’s top trade targets, and that doesn’t necessarily change with a new contract in hand. But Carolina losing Jake Guentzel, Evgeny Kuznetsov, Stefan Noesen and Teuvo Teravainen to free agency this summer has stretched their forward depth uncomfortably thin, making a Necas trade a harder proposition to stomach. Some teams were reportedly considering preparing an offer sheet for Necas, Pierre LeBrun at TSN reported last month, but that option went away when he filed for arbitration.

The Czech forward appeared in 77 games last season, posting 24 goals, 29 assists, 53 points and a -9 rating while averaging 17:21 per night. It marked an overall regression after a career-best 2022-23 campaign that saw Necas post 28 goals and 71 points in 82 games while seeing some added usage at center. He spent nearly all of last season on the wing and only took 138 faceoffs, an average of 1.79 per game.

Carolina selected Necas with the 12th overall pick in the 2017 draft, and he’s largely fit the bill as a top-six winger since becoming a full-time NHLer in 2019-20. He’s put up 243 points in 362 career games (0.67 PPG), shooting 11.6% and averaging north of 16 minutes per game in every post-pandemic campaign. He gave the Canes 124 points in 159 games (0.78 PPG) over his previous two-year pact, earning himself more than double his previous AAV on this deal.

After signing Necas, the Hurricanes have $6.44MM in projected cap space with a roster size of 22, per PuckPedia. That figure assumes Jesper Fast, who missed all of the 2024 playoffs with a neck injury, starts the season on injured reserve. That last roster spot will go to Seth Jarvis, who remains an RFA in need of a new contract. It’s likely that nearly all of their remaining cap space will go toward that deal, which is likely to be a bridge contract for that AAV. Evolving-Hockey projected a long-term deal for Jarvis to come in around $8.5MM per season, which isn’t affordable after their other moves.

With their offensive depth slashed, Necas is primed for more minutes in 2024-25, should he remain with Carolina. The Canes are hoping he can return to his 70-point form to coincide with more usage, but a career-best year would be great altogether for the team’s on-ice success and Necas’ trade value if they’re still looking to move him.

Image courtesy of USA Today Sports.

2024 Salary Arbitration Tracker

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It has been a quieter year on the salary arbitration front across the NHL.  After 23 players filed last summer, just 14 did this time around.  As expected, most have settled so far with a few hearings still pending.  Here’s a rundown of who has settled and who still needs to sign.

Updated 7/30/24, 1:07 p.m.

Contracts Settled

D Jake Christiansen (Blue Jackets) – one year, $775K (two-way agreement)
F Connor Dewar (Maple Leafs) – one year, $1.18MM
F Jack Drury (Hurricanes) – two years, $3.45MM
D Ty Emberson (Sharks) – one year, $950K
G Jet Greaves (Blue Jackets) – two years, $1.625MM (two-way in 2024-25, one-way in 2025-26)
F Ukko-Pekka Luukkonen (Sabres) – five years, $23.75MM
F Beck Malenstyn (Sabres) – two years, $2.7MM
D J.J. Moser (Lightning) – two years, $6.75MM
F Joe Veleno (Red Wings) – two years, $4.55MM
F Oliver Wahlstrom (Islanders) – one year, $1MM
F Kirill Marchenko (Blue Jackets) – three years, $11.55MM
F Martin Necas (Hurricanes) – two years, $13MM
D Ryan Lindgren (Rangers) – one year, $4.5MM

Contracts Awarded

D Spencer Stastney (Predators) – two years, $1.675MM (two-way in 2024-25, one-way in 2025-26)

Scheduled Hearings

none

A reminder of some of the arbitration rules for the upcoming potential hearings:

  • A player and team can settle on a deal at any point before the hearing starts.
  • Once the hearing has taken place, the arbitration decision must be issued by email within 48 hours.
  • Arbitration awards can only be one or two years in length. (Players who are in their final year of restricted free agency are only entitled to a one-year agreement from an arbitrator.)
  • The team decides on the awarded term as these were all player-elected filings.
  • The team can walk away from the arbitration decision if a contract with an average annual value of more than $4.74MM is awarded.

Worth noting is that teams who have someone file for arbitration will receive a second buyout window three days after their final contract is settled or awarded.  The window lasts for 48 hours and the only eligible players to be bought out in this timeframe are those who have an AAV of $4MM or more and were on that team’s reserve list at the trade deadline back in March.

Hurricanes Reach "Working Agreement" With ECHL Bloomington

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The Hurricanes are continuing to rebuild their minor-league pipeline after spending 2023-24 without full-time AHL or ECHL affiliates. They inked a three-year agreement to re-affiliate with the AHL’s Chicago Wolves earlier this offseason, but they remain without a full-time third-tier affiliate.

That won’t change for 2024-25, but they have landed what the team calls a “working agreement” with the Bloomington Bison, an expansion franchise beginning play in the fall. Bloomington has already landed an outright affiliation agreement for next season with the Rangers, but they’ll also be the preferred destination for the handful of players under contract with Carolina who get demoted all the way down to the ECHL. The Hurricanes had the same setup with ECHL Norfolk last season, whose primary affiliate was the Jets. Six players who were under contract with Carolina – Domenick Fensore, Griffin Mendel, Blake Murray, Yaniv Perets, Justin Robidas and Ronan Seeley appeared in action for Norfolk under the agreement.

Evgeny Kuznetsov Undecided On KHL Amid NHL Interest

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Former Carolina Hurricanes forward Evgeny Kuznetsov is still deciding his next step after passing through waivers and becoming a free agent. His agent, Shumi Babayev, shared with Olsya Usova of Russia’s RB Sport that Kuznetsov hasn’t ruled out a new NHL contract. Babayev shared that 15 NHL clubs were still showing interest, adding, “[Kuznetsov] just wants to play hockey and be trusted. He still has the ability to play for many years to come. Kuznetsov is in good physical shape… If there was interest in those teams that count on him and let him show his best qualities, he would also consider them.

Kuznetsov’s storied career with the Washington Capitals came to a stall this season, leading to a Trade Deadline move to the Carolina Hurricanes. But that didn’t seem to inspire much, with Kuznetsov managing just 13 points across 30 games with Carolina, combining the regular season and playoffs. A request for another change of scenery has led Kuznetsov to free agency, and while he is reportedly hearing out NHL offers, previous reports have him set on a move to the KHL. Kuznetsov would be returning to an established career at Russia’s top-flight, having already appeared in 210 games and scored 124 points with Chelyabinsk Traktor between 2009 and 2014.

His illustrious KHL scoring led directly to top-end production with the Capitals. Kuznetsov is a veteran of four 70-point seasons, carving out a strong role as the gut punch behind Nicklas Backstrom and Alex Ovechkin’s one-two. That trio reached a peak in the 2017-18 season, carrying Washington to its first Stanley Cup in tandem with Braden Holtby’s shutdown goaltending. It was a career-year in every respect for Kuznetsov, who finished with 27 goals and 83 points in 79 games. He’s flirted with that production a few more times since the Cup win, including notching 72 points in 2019 and 78 in 2022. But he’s struggled to achieve the consistency he had at his peak – proving to be a major flaw as his other intangibles have started to decline.

But Kuznetsov is proving persistent, with his agent urging that the forward believes he has more to give. He’s still 32 years old and carries the invaluable experience of 743 career regular season games – and 97 playoff games. Babayev shared that Kuznetsov’s team will hear out pitches, but a KHL move still feels like the right next step. He reasoned, “Most likely, he is moving towards playing in the KHL. The man wants to play hockey and have fun, be useful and win. There are many factors here.”

It’s rare to see such a top producer on the open market so late into July. What’s more, Kuznetsov isn’t likely to command much cap after a contract termination in Carolina. But it seems NHL teams will need to have a pitch that really wows if they want to reel in the former point-per-game scorer.

Hurricanes Increasingly Likely To Retain Martin Necas

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For the past several months, there has been an expectation that the Hurricanes would move restricted free agent forward Martin Necas among the belief that Necas would like a bigger role and a contract more significant than Carolina would like to offer.  However, while there was plenty of trade speculation in recent weeks, nothing came to fruition.  Now, GM Eric Tulsky told NHL.com’s Tom Gulitti that while they’re still talking to teams, a trade seems less likely at this point:

It is a lot easier to make trades before July 1 when teams have flexibility to go pivot and sign other players to replace whatever they gave up than it is after July 1 when their roster is mostly built. We are continuing to talk to teams and we don’t want to miss an opportunity to make the team better, but teams have less flexibility now than they had in June, so it’s harder to find a deal now than it was then.

A natural center, Necas has spent the bulk of his NHL career playing on the wing, a role he held for the majority of last season.  The 25-year-old had a breakout showing in 2022-23, collecting 28 goals and 43 assists in 82 games but he wasn’t able to match those numbers last season.  Still, he potted 24 goals and 29 helpers in 77 contests, the second-best output of his career.  That has him well-positioned to earn a significant raise on the $3MM AAV and $3.5MM salary he had in 2023-24.

Necas was one of 14 players to file for salary arbitration earlier this month, taking the possibility of him signing an offer sheet off the table.  In doing so, he guaranteed himself a contract by early August.  Talks between the two sides remain ongoing with Tulsky acknowledging that they’ve discussed everything between a one-year agreement to a max-term eight-year pact.  Necas is two years away from UFA eligibility so a one-year deal would allow them to kick the question of his long-term future with the club down the road.

This has been a busy offseason for Carolina so far, one that has seen them lose Jake Guentzel, Teuvo Teravainen, Brett Pesce, Brady Skjei, Evgeny Kuznetsov, and Stefan Noesen.  While they’ve brought in replacements for most players, they’ve largely been more role players with the exception of blueliners Sean Walker and Shayne Gostisbehere.

As a result of the turnover, the Hurricanes find themselves with ample cap space, checking in with a little over $13.85MM in room, per PuckPedia.  With that much flexibility, Tulsky has a chance to sign both Necas and RFA winger Seth Jarvis to long-term agreements and still be under the $88MM Upper Limit come October.  With Necas having the closer deadline to sign as arbitration hearings end in early August, expect his case to be Carolina’s focus in the near term.  But now, after it looked like a foregone conclusion that he’d be moved, there’s a very real possibility that he’s in the lineup for the Hurricanes on opening night.

Photo courtesy of USA Today Sports Images.

Evgeny Kuznetsov Clears Unconditional Waivers, Contract Terminated

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July 18: Kuznetsov has cleared unconditional waivers and has had his contract terminated, per Elliotte Friedman of Sportsnet. He’s now a UFA.

July 17: After multiple conflicting reports over the last several days, it appears Evgeny Kuznetsov’s time in the NHL is coming to an end for the foreseeable future. According to a team announcement, the Carolina Hurricanes have placed Kuznetsov on unconditional waivers for contract termination. Assuming that Kuznetsov clears waivers, it is expected he will return to Russia to play in the Kontinental Hockey League.

Although his landing spot in the KHL has not been announced, it is more than likely that Kuznetsov will end up with SKA St. Petersburg on a multi-year agreement according to prior reporting yesterday. SKA St. Petersburg is the current home of former NHL players Alex Galchenyuk, Brendan Leipsic, and Valentin Zykov while also being the home of the recent fifth overall pick of the 2024 NHL Draft, Ivan Demidov.

According to PuckPedia, Kuznetsov will walk away from $6MM by mutually terminating his contract while his separate $3.9MM cap hits with the Hurricanes and Washington Capitals will be lifted from both team’s salary cap structures. Kuznetsov was due a $2MM signing bonus on July 1st as part of his contract which has already been paid out.

Kuznetsov was the 26th overall selection of the Capitals in the 2010 NHL Draft and he made his debut a few years later in the 2013-14 NHL season. He got off to a relatively slow start during his freshman and sophomore campaigns in the NHL but became one of the game’s top centers only a year later. Kuznetsov scored 20 goals and 77 points in 82 games for Washington in the 2013-14 regular season while finishing 19th in Hart Trophy voting.

He became a steady playmaker for the Capitals during the organization’s most successful run in their history. The Russian forward scored 119 goals and 373 points over 420 games in Washington from 2016-2022 while leading the playoffs in assists (20) and points (32) during the team’s run to a Stanley Cup championship in 2018. Unfortunately, due to numerous off-ice issues and a stint in the NHLPA Player Assistance Program, it became apparent that Kuznetsov had a lack of desire to continue playing in Washington as his on-ice production suffered.

The Capitals moved on from Kuznetsov this past trade deadline by dealing him to the Hurricanes for a draft pick and retaining 50% of his salary. Kuznetsov notched two goals and seven points in 20 regular season games for Carolina while collecting another four goals and six points in 10 postseason contests.

At 32 years old, Kuznetsov theoretically could return to the NHL in the future but that does not appear as the route he will take. He will more than likely finish his NHL career with 173 goals and 575 points in 743 games with another 33 goals and 73 points in 97 postseason contests, including a Stanley Cup ring.

Frank Seravalli of Daily Faceoff was the first to report the Hurricanes would place Kuznetsov on unconditional waivers. 

Carolina Hurricanes Sign Jack Drury To Two-Year Contract

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The Carolina Hurricanes and forward Jack Drury have agreed to a two-year, $3.45MM contract. The deal, first announced by Sportsnet’s Elliotte Friedman, will pay Drury a salary of $1.775MM in 2024-25, and a salary of $1.675MM in 2025-26 with an AAV of $1.725MM.

In a follow-up report, PuckPedia shares that upon expiration of this contract for Drury, he will be RFA-eligible with arbitration rights and will be one year away from unrestricted free agency. The Hurricanes will only be on the hook for a $1.675MM qualifying offer to Drury due to the lower salary in the second year of the contract.

It is a reasonable price for Carolina and Drury as the latter projects to be a middle-six option with the organization next year. It took a few years for the Harvard University alum to make it to the NHL after being selected with the 42nd overall pick of the 2018 NHL Draft, but Drury has become a solid contributor.

This past season marked his first full NHL campaign with the young center scoring eight goals and 27 points in 74 games. Drury primarily played on a line with Martin Necas during the regular season with Michael Bunting or Stefan Noesen flanking him as the other wing. He deserves a lot of the credit for the possession metrics produced by his line as Drury achieved a 55.3% success rate in the faceoff dot with 63.6% of his starts coming in the offensive zone.

After averaging 11:51 of ice time per night with the Hurricanes over the past three years, the team could get aggressive with his deployment in the 2024-25 season. The team may end up keeping Necas after a summer full of trade rumors, and Drury could continue playing next to him on the team’s second line. Carolina could then use newcomer Jack Roslovic as the second-line left wing while moving Jesperi Kotkaniemi back to center on the team’s fourth line.

Evgeny Kuznetsov’s Agent Refutes Contract Termination Reports

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Earlier this morning a report out of Russia indicated that forward Evgeny Kuznetsov was expected to terminate the last year of his contract with the Carolina Hurricanes to sign a four-year deal with SKA St. Petersburg of the Kontinental Hockey League. However, Kuznetsov’s agent, Shumi Babaev reported that although there has been some interest from several KHL teams this summer, it is “too early to talk about the hockey player’s return to Russia” (X Link).

Babaev didn’t entirely rule out a return to Russia by Kuznetsov but it doesn’t look like it will come this summer. In a follow-up statement, Babaev said, “Evgeny still has a year left on his contract with Carolina. SKA and other KHL teams have approached him. After Kuznetsov’s contract with Carolina, they are ready to discuss the possibility of Evgeny’s appearance“(X Link). It appears that both Kuznetsov and his representation are willing to play out the final year of his contract before entertaining the idea of returning to his home country.

It would not be surprising to see Kuznetsov return to Russia to continue his professional career as he has not been the player he was from 2015-2022. In his age-23 to age-29 season, Kuznetsov was one of the premier centers in the game as he scored 139 goals and 450 points in 502 games while leading the playoffs in scoring with 32 points in 24 games in 2018 to help the Washington Capitals win their first Stanley Cup championship in team history.

Issues off the ice have plagued Kuznetsov since that run to the Stanley Cup Finals in 2018 as he was suspended by the NHL only a few months after the playoffs as a video of him using cocaine surfaced across the internet. Kuznetsov still put together some productive seasons for the Capitals but never appeared comfortable on the ice in Washington. This culminated in Kuznetsov entering the NHLPA Player Assistance Program on February 5, 2024, and the organization placing him through waivers upon his clearance on March 2nd.

The Capitals finally parted ways with Kuznetsov at last year’s trade deadline by shipping him to the Hurricanes for a third-round selection in 2025 while Washington retained 50% of his salary. Kuznetsov picked up two goals and seven points in 20 games for Carolina down the stretch with an additional four goals and six points in 10 postseason contests. Outside of his modest production on the ice, Kuznetsov appeared more jovial than he had in years past.

To add a bit more context to the potential mutual termination of Kuznetsov’s contract, PuckPedia reported that there is no precedent for a player having his contract mutually terminated after having his salary retained. Realistically, Kuznetsov’s $3.9MM salary in Carolina and the $3.9MM retained by Washington would be removed from both team’s salary cap structure and they would no longer be required to pay him.

With only one year remaining on his eight-year, $62.4MM contract, Kuznetsov could play anywhere as soon as next summer. If he has a decent year with the Hurricanes, he may look toward the NHL for interest to start before he commits to returning to Russia.

Brett Sutter Announces Retirement

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After playing in parts of seven NHL seasons, Brett Sutter has officially retired. The forward made the announcement via a statement from the AHL’s Calgary Wranglers, whom he’d captained since 2022-23. He said he’d be staying with the Flames’ affiliate as an assistant coach.

“Following 17 seasons as a player, I’m very proud and excited to leave the game and have the opportunity to step directly into this role with the Flames organization,” Sutter said. “Saying goodbye to playing isn’t easy, the game has treated my family and I so well for so long but the opportunity to stay within the organization that my family loves, makes this transition easier. I’m grateful to the Flames for the opportunity.”

Calgary selected Sutter in the sixth round of the 2005 draft, during which his father, Darryl Sutter, was both the Flames’ general manager and head coach. He made his NHL debut in the 2008-09 campaign and played 18 games in a Flames uniform before being traded to the Hurricanes in November 2010. That kicked off a run of three and half seasons in Carolina that saw the minor-league fixture see the most NHL time of his career, scoring once and adding four assists in 36 games before reaching free agency in 2014. He landed with the Wild, and his six games in Minnesota during the following campaign ended up being the last of his career.

But Sutter was still in the early stages of one of the lengthier careers the AHL has ever seen. After being traded to the Kings in 2015-16, Sutter signed a series of minor-league contracts to stay on with their affiliate, the Ontario Reign. He stayed for parts of seven seasons before landing back where his professional career began in Calgary in 2022. He was the Reign’s captain from 2017-18 until his departure.

Sutter retires with 1,090 AHL games played under his belt in parts of 17 seasons, fourth-most in league history. He was never a truly premier offensive talent at that level, as his 463 career points don’t even rank in the top 100 among AHLers. But his run of captaining three different clubs, including serving as one for seven straight to end his career despite last being under NHL contract eight years ago, is telling of his impact. He was awarded the Fred T. Hunt Award for the player “who best exemplifies the qualities of sportsmanship, determination and dedication to hockey” while with Ontario in 2018-19.

Now nearly 20 years after he was drafted, Sutter will again attempt to work his way up the ladder to NHL ice, this time as a coach. He’ll look to follow in the footsteps of his father, who spent parts of six seasons behind the Calgary bench as a head coach across two separate stints, leading them to the 2004 Stanley Cup Final. Darryl spent another five years with the Flames solely in a GM capacity from 2006 to 2011. All of us at Pro Hockey Rumors congratulate Sutter all the best as he embarks on his coaching career.

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