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Update On This Year’s August 15 Free Agents

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Most NHL free agent business is dealt with in the early summer months. There is one important date later each year, however. August 15 marks the date when NHL teams lose their exclusive signing rights to most college-drafted players if they’ve graduated (or completed without graduating) college and are not yet signed to an entry-level contract.

Earlier this month, we published a list of players slated to hit the UFA market yesterday if not signed to an ELC within the coming days. However, the guidelines the NHL uses to determine a college graduate are some of the most complex sets of rules relating to contractual obligations in pro sports. That means it’s often impossible to glean a full list of players whose rights have expired (or not expired) until after the August 15 deadline has passed.

This year was no different, as CapFriendly issued multiple updates today on their X account regarding the list of August 15 free agents they’d made public earlier in the month. Three players who were slated to expire actually remained on their team’s reserve list: Calgary Flames 2018 fourth-round pick F Demetrios Koumontzis, Ottawa Senators 2018 seventh-round pick F Jakov Novak, and Senators 2018 second-round pick D Jonny Tychonick.

On the flip side, 12 players they expected to remain on teams’ reserve lists hit the free-agent market yesterday. With that in mind, we have a revised, accurate list of players who became unrestricted free agents yesterday. Asterisked players were not originally expected to come off their team’s reserve list.

Anaheim Ducks

*F Trevor Janicke (2019 fifth round, 132nd overall)

Arizona Coyotes

F John Farinacci (2019 third round, 76th overall)
*F Anthony Romano (2019 sixth round, 176th overall)

Boston Bruins

*D Dustyn McFaul (2018 sixth round, 181st overall)

Calgary Flames

*F Joshua Nodler (2019 fifth round, 150th overall)

Carolina Hurricanes

F Kevin Wall (2019 sixth round, 181st overall)

Chicago Blackhawks

F Jake Wise (2018 third round, 69th overall)

Colorado Avalanche

*F Matt Stienburg (2019 third round, 63rd overall)

Columbus Blue Jackets

D Robbie Stucker (2017 seventh round, 210th overall)

Detroit Red Wings

F Robert Mastrosimone (2019 second round, 54th overall)
*F Ethan Phillips (2019 fourth round, 97th overall)

Edmonton Oilers

F Skyler Brind’Amour (2017 sixth round, 177th overall)

Minnesota Wild

*D Marshall Warren (2019 sixth round, 166th overall)

New Jersey Devils

*D Case McCarthy (2019 fourth round, 118th overall)
*F Patrick Moynihan (2019 sixth round, 158th overall)

New York Islanders

D Christian Krygier (2018 seventh round, 196th overall)
F Jacob Pivonka (2018 fourth round, 103rd overall)

New York Rangers

*F Eric Ciccolini (2019 seventh round, 205th overall)
*F Riley Hughes (2018 seventh round, 216th overall)

Ottawa Senators

*F Luke Loheit (2018 seventh round, 194th overall)

Philadelphia Flyers

F Jay O’Brien (2018 first round, 19th overall)

San Jose Sharks

D Arvid Henrikson (2016 seventh round, 187th overall) Originally drafted by the Montreal Canadiens

Toronto Maple Leafs

D Ryan O’Connell (2017 seventh round, 203rd overall)

Winnipeg Jets

G Jared Moe (2018 sixth round, 184th overall)

Of the list above, Krygier and Pivonka are remaining in the Islanders organization on confirmed AHL contracts for 2023-24, although they remain eligible to sign with another NHL team should one come calling. All others are either returning to school for 2023-24, have contracts signed in other leagues, or are not signed for next season.

Notably, this is the official confirmation that the Flyers’ exclusive signing rights of O’Brien have lapsed. As compensation for not signing a first-round pick to their entry-level contract, the Flyers will receive a compensatory second-round pick from the league in the 2024 NHL Draft.

August Free Agency Update: Metropolitan Division

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As even most mid-tier free agents are now off the market, it’s a good time to look at how each team has fared on the free agent market this offseason. We’re publishing a list of one-way signings (i.e., likelier to start the season on the NHL roster) by team, per division, to keep you updated on NHL player movement since the new league year began on July 1.

Asterisked players denote a restricted free agent. Double-asterisked players denote the contract starts in the 2024-25 season. Next up is the Metropolitan Division. You can check out the list of Atlantic Division signings here.

Carolina Hurricanes

**F Sebastian Aho (eight years, $9.75MM cap hit)
D Dmitry Orlov (two years, $7.75MM cap hit)
F Michael Bunting (three years, $4.5MM cap hit)
G Frederik Andersen (two years, $3.4MM cap hit)
F Jesper Fast (two years, $2.4MM cap hit)
D Anthony DeAngelo (one year, $1.675MM cap hit)
G Antti Raanta (one year, $1.5MM cap hit)
*D Dylan Coghlan (one year, $850K cap hit)
F Brendan Lemieux (one year, $800K cap hit)
D Caleb Jones (one year, $775K cap hit)

Columbus Blue Jackets

none

New Jersey Devils

F Michael McLeod (one year, $1.4MM cap hit)
F Nathan Bastian (two years, $1.35MM cap hit)
*D Kevin Bahl (two years, $1.05MM cap hit)
F Tomas Nosek (one year, $1MM cap hit)

New York Islanders

**G Ilya Sorokin (eight years, $8.25MM cap hit)
D Scott Mayfield (seven years, $3.5MM cap hit)
F Pierre Engvall (seven years, $3MM cap hit)
G Semyon Varlamov (four years, 35+ contract, $2.75MM cap hit)
*F Oliver Wahlstrom (one year, $874.1K cap hit)
F Julien Gauthier (two years, $787.5K cap hit)

New York Rangers

*D K’Andre Miller (two years, $3.872MM cap hit)
D Erik Gustafsson (one year, $825K cap hit)
G Jonathan Quick (one year, 35+ contract, $825K cap hit)
F Blake Wheeler (one year, 35+ contract, $800K cap hit)
F Nick Bonino (one year, 35+ contract, $800K cap hit)
F Tyler Pitlick (one year, $787.5K cap hit)
F Riley Nash (two years, $775K cap hit)

Philadelphia Flyers

*F Noah Cates (two years, $2.625MM cap hit)
F Garnet Hathaway (two years, $2.375MM cap hit)
*D Cameron York (two years, $1.6MM cap hit)
**G Samuel Ersson (two years, $1.45MM cap hit)
F Ryan Poehling (one year, $1.4MM cap hit)
D Marc Staal (one year, 35+ contract, $1.1MM cap hit)

Pittsburgh Penguins

G Tristan Jarry (five years, $5.375MM cap hit)
D Ryan Graves (six years, $4.5MM cap hit)
F Lars Eller (two years, $2.45MM cap hit)
F Noel Acciari (three years, $2MM cap hit)
G Alex Nedeljkovic (one year, $1.5MM cap hit)
*F Drew O’Connor (two years, $925K cap hit)
F Matthew Nieto (two years, $900K cap hit)
F Andreas Johnsson (one year, $800K cap hit)
G Magnus Hellberg (one year, $785K cap hit)
D Ryan Shea (one year, $775K cap hit)
F Vinnie Hinostroza (one year, $775K cap hit)
*D Ty Smith (one year, $775K cap hit)

Washington Capitals

**F Tom Wilson (seven years, $6.5MM cap hit)
*D Martin Fehervary (three years, $2.675MM cap hit)
F Max Pacioretty (one year, $2MM cap hit)
F Matthew Phillips (one year, $775K cap hit)

Waddell: Hurricanes In Talks With A Few Teams To Find Places For Their AHL Prospects Next Season

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Carolina finds itself without an AHL affiliate for the upcoming season after Chicago opted to become an independent franchise.  Speaking with reporters today including Chip Alexander of the Raleigh News and Observer, GM Don Waddell indicated that he is in discussions with a handful of teams about loaning out some of their prospects.  The Hurricanes opted to loan several European players overseas for 2023-24, a move that Waddell acknowledged wasn’t ideal but was workable for 2023-24.  Waddell hopes that Carolina will once again have its own affiliate for 2024-25 and are looking into potential options but with 32 AHL franchises and Chicago’s desire to be an independent one, one NHL team will be in this situation each season moving forward.

Carolina Hurricanes, PNC Arena Reach 20-Year Lease Extension

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The Carolina Hurricanes aren’t going anywhere – they’ve signed a 20-year lease extension agreement with the Centennial Authority and Gale Force Sports and Entertainment, according to a team release, keeping them at PNC Arena through the 2043-44 season. As part of the agreement, PNC Arena is poised for a substantial facelift, with plans to create a sports and entertainment district encircling the arena, which is rather secluded from downtown Raleigh as things stand. “This development will transform PNC Arena into a year-round destination for residents while also improving the event day experience for Hurricanes fans, NC State fans, and concertgoers alike,” said Hurricanes majority owner Tom Dundon.

Andrei Svechnikov On Schedule In Recovery From ACL Surgery

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  • In a recent appearance on the NHL Network (video link), Hurricanes GM Don Waddell indicated that winger Andrei Svechnikov is on schedule if not slightly ahead as he works his way back from ACL surgery. The 23-year-old had surgery back in mid-March, a procedure that typically carries a recovery time of six-to-seven months.  Despite the positive news, Waddell stopped short of confirming that Svechnikov will be available on opening night but if that’s not the case, he shouldn’t be out much longer which will give Carolina a big boost after missing one of their top wingers down the stretch and in the playoffs.

Carolina Hurricanes Sign Caleb Jones

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5:44 pm: The Hurricanes have made the deal official via team release. General manager Don Waddell said Jones’ “NHL experience will help boost our depth on defense.”

3:39 pm: Luke Fox of Sportsnet is reporting that the Carolina Hurricanes and defenseman Caleb Jones are in agreement on a contract for the 2023-24 NHL season. Shortly after that, PuckPedia says that the deal will be a one-year, $775K contract.

Right off the bat, it is fair to start wondering exactly how much depth the Hurricanes need on their blue line. Already carrying eight NHL-ready defensemen on their active roster, Jones joins the list as a defenseman that should receive minutes next season.

Playing on a below-average Chicago Blackhawks team last season, Jones averaged just over 19 minutes of ice time per night, sitting fourth among defensemen in that category. Only scoring 16 points in 73 games, Jones was much more respected for his play on the defensive side of the puck rather than any offensive contributions.

Much unlike his last four seasons in the NHL prior to last year, Jones also racked up 118 blocked shots and threw 116 hits, by far the most he’s ever achieved in either category up to this point. In Chicago, Jones also spent time on both the powerplay and penalty kill units, not something that should be expected of him in Carolina.

Even though Jones is a serviceable defensive option for most teams around the NHL, he is going to need to compete heavily in the Hurricanes training camp to be an everyday player. Unlike Chicago, Carolina is considered to be one of the heavy favorites to win the Stanley Cup next season.

Flyers, Hurricanes Complete Prospect Swap

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The Philadelphia Flyers have acquired center prospect Massimo Rizzo along with a 2025 fifth-round pick from the Carolina Hurricanes, according to a team release. In return, they’ve sent the rights to forward David Kase to Carolina.

Kase is an unusual type of player to see traded, given his contract status. The 26-year-old brother of former Hurricanes forward Ondrej Kase has spent the last two seasons in the Czech Extraliga with HC Sparta Praha, not signed to an NHL contract, but remained on the Flyers’ reserve list after they issued him a qualifying offer in 2021. He got into seven NHL games with the Flyers after they selected him in the fifth round of the 2015 NHL Draft, recording one goal.

The versatile forward has logged heavy minutes in Prague the past two seasons but hasn’t had spectacular production, notching just ten goals in 68 games since returning to his home country in 2021. Kase signed a three-year agreement with Extraliga club HC Litvinov this offseason, meaning his inclusion in this trade is likely a throw-in to balance out each team’s reserve list numbers.

Rizzo comes to the Flyers after reportedly being part of the rumored Anthony DeAngelo trade between the two clubs that fell through earlier this summer. Essentially, this transaction completes the move that the NHL blocked due to cap circumvention – the Flyers later bought out DeAngelo, and Carolina signed him to a one-year, $1.675MM pact days later. This series of moves allowed the Hurricanes to acquire DeAngelo at a lower cap hit, as the maximum salary retention the Flyers could have offered via trade would’ve brought DeAngelo’s cap hit down to only $2.5MM. Thus, Carolina parted with Rizzo and a fifth-round pick to save $825K in cap space.

The 22-year-old member of Carolina’s 2019 draft class shouldn’t be overlooked as a prospect. While he may not have ideal size at 5-foot-11 and 174 pounds, he’s had a strong collegiate career and looks to be exceeding the value expected of him as a seventh-round pick. He just completed his second season with the University of Denver, leading the team with 29 assists and 46 points in 38 games. In 2021-22, he recorded 36 points in 39 games as a freshman to help lead Denver to the national championship.

Rizzo is not yet signed to an entry-level contract and will return to Denver next season if the Flyers don’t sign him now. If/when they did reach an entry-level agreement with Rizzo, he is eligible for assignment to the AHL’s Lehigh Valley Phantoms.

Assessing The Defenseman Trade Market Post-Karlsson Trade

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It had been almost a month since a higher-profile player in the NHL had been traded, and most would argue that it was the domino that needed to fall to open up the trade market for defensemen. This summer, we have seen names such as Pierre-Luc Dubois, Alex DeBrincat, and Taylor Hall all moved in trades, but a big-name trade had not been made for a defenseman since the Columbus Blue Jackets acquired Damon Severson on June 9th.

For the most part, there are two defensemen that may have seen their market open up due to the Erik Karlsson trade, and that would include Brett Pesce of the Carolina Hurricanes and Noah Hanifin of the Calgary Flames. Both players’ trade availability is surrounded by different circumstances, and both of their current teams have much different outlooks for next season.

Starting with Pesce, back in June, Pierre LeBrun of The Athletic reported that the Hurricanes were intent on moving Pesce this summer if they were unable to come to a contract resolution past this season. About a week later, Cory Lavalette of The Athletic noted that Pesce would likely be seeking a contract in the eight-year, $52MM ($6.5MM AAV) range, something that Carolina could easily afford, but with Teuvo Teravainen, Martin Necas, and Brady Skjei, among others, also needing contracts past the 2023-24 season, may not be in the team’s best interest.

Although it would be a prudent move both financially and for the future success of the club to move on from Pesce, questions should arise as to if it is in the best interest of the current Hurricanes team in accordance with their goals for the 2023-24 season. Carolina is one of the most well-set-up teams to make the Stanley Cup Final next season, and their defensive depth is one of the main reasons for that. For most of the foreseeable contenders in the NHL, teams could do a lot worse than having Anthony DeAngelo as their sixth-best defenseman on the roster.

One of the best comparables to Pesce’s situation might come from a division rival in Severson. Severson had spent a total of nine seasons in New Jersey, and even though he was heading towards unrestricted free agency, the Devils held on to Severson as he gave them a much better chance to win. This summer, the Devils executed a sign-and-trade, inking Severson to an extension and receiving a third-round pick for his services from the Blue Jackets. This may not be the haul that Carolina would be hoping for, but it’s undeniable that Pesce gives them a better chance to win for 2023-24, and may have to seek a sign-and-trade next summer.

Unlike Pesce, Hanifin has already been vocal about his unwillingness to sign an extension in Calgary and would like a change of scenery heading into next year. A solid defenseman on both the powerplay and penalty kill, Hanifin should likely have a decent market as a two-way defenseman. Currently making just a tad under $5MM this season, it’s going to be difficult for a lot of contending teams to absorb that contract even for a short time.

Just to theorize, there is one team that has their eyes on contending next year and could certainly use an upgrade on the left side of their defense. The Buffalo Sabres have already improved their defensive core with the additions of Connor Clifton and Erik Johnson this summer, but an acquisition of Hanifin may put them over the top to get back into the playoffs. The main drawbacks from Buffalo’s perspective in acquiring Hanifin are the current glut of defensemen already on their roster, and the pressing extensions of Rasmus Dahlin and Owen Power.

With Calgary already having a murky future on their blue line, the Sabres could certainly move back a defenseman or two with team control, and with it all but known that Hanifin wants out, the price may not be too high for his services. If they are able to acquire Hanifin and extend him, Buffalo could be well served in having Dahlin, Power, Hanifin, and Mattias Samuelsson in their top four for the foreseeable future.

All-in-all, we are getting to the point in the summer where the most likely scenario is both Pesce and Hanifin will start the season with their current clubs, but there are some signs indicating changes will be coming soon. All we know for certain, the trade for Karlsson has helped set the market, as well as open it up for any future moves.

Vladimir Tarasenko Had Offers From Hurricanes, Sharks

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2:40 p.m.: Strickland has modified his initial report, now claiming the Hurricanes’ highest offer to Tarasenko was under $4MM on a one-year deal. The Athletic’s Jeremy Rutherford also reported late last night that the Florida Panthers had submitted an offer for Tarasenko, which Strickland mentioned likely wasn’t a “competitive offer.”

1:50 p.m.: While star sniper Vladimir Tarasenko did find a home in free agency, it was far from a smooth process. Before signing a one-year, $5MM contract with the Ottawa Senators Thursday night, the 2019 Stanley Cup champion changed his representation early in July after not landing a deal when the UFA market opened on July 1. Shortly before that, multiple reports suggested Tarasenko was close to reaching a pact with the Carolina Hurricanes. Evidently, it didn’t come to fruition.

Despite his goal-scoring pedigree, the lack of widespread interest in Tarasenko made sense. He’s still incredibly skilled, but his ability to drive play is diminishing as he enters his 30s. He’s also had two major shoulder injuries in the past four years. His goal-scoring production also trailed off significantly last season, failing to score 20 goals in a full season for the first time in his career. It appears the Hurricanes, Sens, and San Jose Sharks all made firm contract offers to Tarasenko during his free agency period, though, as Andy Strickland of Bally Sports Midwest reports today.

The Hurricanes and Sharks both made one-year pitches to Tarasenko at $5.25MM and $6MM respectively, Strickland said. Ottawa had also pitched a longer-term offer to Tarasenko at the beginning of free agency, coming in at four years and $22MM (a $5.5MM average annual value). With over $60MM in estimated career earnings to date, per CapFriendly, it’s understandable why Tarasenko would hesitate to commit long-term to a team that’s failed to exit their rebuild stage in earnest.

However, it appears Tarasenko also lost money on a short-term agreement by waiting to sign with the Sens. He’s at a stage in his career where winning is the highest priority, so the basement-dwelling Sharks were likely never in consideration unless they made a truly extravagant offer. He did lose out on $250K by not signing with the Canes, though, a mistake likely caused by waiting out for a better deal. It’s fair to assume Carolina’s offer to Tarasenko was made before they signed defenseman Anthony DeAngelo to a one-year, $1.675MM contract, using up most of their remaining cap space in the process.

In not signing with Carolina, Tarasenko arguably lost out on the best marriage of finances and team competitiveness. There are still many moving parts, including trade rumors surrounding their pending UFA defenseman Brett Pesce and San Jose Sharks star defender Erik Karlsson. Still, the team remains among the favorites to hoist the Stanley Cup in 2024, thanks to a strong returning core and a pair of major UFA pickups in Dmitry Orlov and Michael Bunting.

That’s not to say Ottawa is a bad final fit for the Russian winger. The team does still have playoff aspirations for next season, and a strong rebound campaign from Tarasenko could certainly help lift them to their first postseason appearance since 2017. Even if the injury bug strikes the Sens again or they fall out of playoff contention, a strong individual campaign from Tarasenko alongside a star-studded top-six that includes Brady Tkachuk, Tim Stützle, Joshua Norris, and Claude Giroux could earn him a more lucrative contract next offseason on a contending team. It’s an option made more palatable for Tarasenko by a relatively sharp expected rise in the salary cap’s Upper Limit compared to recent seasons.

Hurricanes “Not Close” On Extension Talks With Pending UFAs

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Today was a ceremonious day for the Carolina Hurricanes organization, locking in franchise center Sebastian Aho to the richest deal in franchise history. Don’t expect groundbreaking extensions for any other Hurricane hitting the open market in 2024, though. General manager Don Waddell told reporters, including the North State Journal’s Cory Lavalette today, that the team “isn’t close” on extensions with any of their other pending UFAs.

This rather consequential list includes, first and foremost, long-rumored trade target defenseman Brett Pesce. It’s long been believed that Carolina would trade Pesce sooner rather than later if an extension wasn’t in the cards, and Waddell confirmed that that was the case today. It’s fair to wonder whether his quote today increases Pesce trade speculation in the coming days, especially since little is known about the list of teams who’ve called the ’Canes about Pesce’s services.

Moving out Pesce with haste would free up more space for the Hurricanes to pursue Erik Karlsson, who they’ve also been connected to on the trade market for many weeks. Bringing in Anthony DeAngelo for his second stint in a Carolina jersey also seems like a targeted backup plan if Carolina trades Pesce but fails to nab Karlsson, the 2023 Norris Trophy winner, in a trade from the San Jose Sharks.

Pesce isn’t the only notable Hurricane headed for unrestricted free agency next summer, however. On offense, Teuvo Teravainen and his five-year, $27MM deal signed in 2019 are set to expire. While he had arguably his worst season in a Hurricanes jersey last year, registering just 12 goals and 37 points in 68 games, he’s been one of Carolina’s top scorers for the better part of the previous half-decade. That being said, he’s also destined for a reduced role next season, with the addition of Michael Bunting in the team’s top six and Seth Jarvis likely to surpass him on the team’s depth chart. It makes sense why the Hurricanes wouldn’t want to pay Teravainen what he believes he’s worth, especially at this stage without any clear evidence of a permanent decline. It wouldn’t be surprising to see him hit the UFA market for the first time next July.

There’s also the matter of fan-favorite depth forward Jordan Martinook, a vital locker-room fixture with the team who’s had a tumultuous season in Raleigh. Placed on waivers (and cleared) before the season started to create some salary cap flexibility, Martinook would go on to play a pivotal depth role for Carolina in 2022-23. His 21 assists and 34 points in 82 games were both career highs, and he notched a remarkable 12 points in 15 playoff games as the Hurricanes marched on to the Eastern Conference Final yet again. Entering the final season of a three-year, $5.4MM contract signed in 2021, Martinook’s stock is at an all-time high. If there is an extension to be had here, don’t expect it to come before the New Year.

Finally, at least among the significant roster pieces headed for free agency next year, Pesce’s defense partner remains without a contract past 2024. Brady Skjei is now in the final season of a six-year, $31.5MM contract, and he’s had a rather up-and-down tenure with Carolina since they acquired him via trade in 2021. He’s been inconsistent defensively over the life of his contract but has settled into posting solid second-pairing numbers for the Hurricanes, at least from an offensive standpoint – he registered a career-high 18 goals last year after posting 39 points in 82 games the year before. While an effective player, he’s also not worth the $5.25MM per season they’re paying him – at least not for Carolina’s needs. With multiple high-end defense prospects on the way, it again shouldn’t be a surprise that the Hurricanes aren’t chomping at the bit to extend him.

Rounding out the list of pending UFAs for Carolina in 2024 are forwards Brendan Lemieux and Stefan Noesen, defenseman Jalen Chatfield, and goalie Antti Raanta. DeAngelo is also slated for unrestricted free agency in 2024 as well. All of those players were either signed to one-year deals this summer or have sub-$1MM cap hits.

Photo courtesy of USA Today Sports Images.

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