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NHL Announces Official Dates And Times For 2020 Draft, Opening Of Free Agency

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With the 2020 postseason proceeding ahead of schedule, there has been reporting and considerable speculation that the league would move up the dates of the delayed 2020 NHL Entry Draft and the beginning of the new league year and opening of free agency. The NHL has followed through on that speculation, officially announcing today the new dates for these events. The Draft will take place on October 6-7, and the new league year will commence on October 9.

The first round of the NHL Draft will begin at 7pm ET on Tuesday, October 6, a departure from its usual Friday night slot. Similarly, the second day of the draft, comprising rounds 2-7, will take place on Wednesday, October 7 rather than it’s typical Saturday placement. Otherwise, the structure of the draft stays the same. One key difference though is that all draft operations will take place virtually.

As for the start of free agency, the July 1 unofficial holiday will instead take place on Friday, October 9. Other than a delay of more than three months, the opening of free agency will not be much different; at 12pm ET, the signing window will open and free agents will be free to speak with teams and sign contracts. What may be very different however is the pace at which players will sign. While there is usually a massive rush of contracts when free agency opens, there are factors working against a fast-paced market. First, the NHL’s new CBA has eliminated the free agent contact period, meaning teams and available players cannot formally communicate until after free agency officially opens. Second, the flat salary cap will force the majority of NHL teams to be very careful with their roster operations this off-season, potentially prioritizing re-signing their own restricted free agents before throwing money at unrestricted free agents. This combination could produce an abnormally slow start to free agency, but October 9 will be an intriguing day league-wide nonetheless.

Snapshots: Martinook, Toews, Tortorella, Khudobin

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The Carolina Hurricanes really don’t like the NHL’s Return to Play plan. After Jordan Martinook and the ‘Canes were one of just two teams to vote against the initial postseason format last month, Sportsnet’s Elliotte Friedman reports that Martinook was also one of the two NHLPA representatives who voted against ratifying the Return to Play plan and CBA extension. Martinook has previously stated that he and his teammates felt that the expanded playoff structure was a disadvantage to teams who were safely in the postseason picture, but not within the top four in their conference. It is a fair opinion for Carolina to have; the team has the second-best record of qualifying round contenders and almost certainly would have made the playoffs. Their reward for those regular season efforts? A five-game series match-up with a New York Rangers team that was playing their best hockey down the stretch and has been a tough match-up for the Hurricanes all season. As a result, Martinook tried not once but twice to change the league’s plan, but to no avail. They will face the Rangers in just over a week’s time with a playoff berth on the line.

The other “no” vote against the Return to Play plan was reported to belong to Chicago Blackhawks representative Jonathan Toews. However, Toews has come out today and refuted that report. There is no doubt that Toews asked hard questions about health and safety protocols and gameplay logistics and made the case for why his peers should consider voting against the plan, but he tells Ben Pope of the Chicago Sun Times that at the end of the day he voted “yes”. In fact, he said that he always planned to vote yes but wanted to make sure that there was a thorough conversation before a decision was made. There is no word on who the mystery second “no” vote came from, but it was not the Blackhawks captain.

  • Columbus Blue Jackets head coach John Tortorella might be re-thinking his teams approval of the expanded postseason plan. While a standard 16-team format would have excluded his team, which was in ninth in the Eastern Conference at the time of the league’s pause, their preparation for the knockout round is not going according to plan. Tortorella told NHL.com’s Craig Merz outright that he does not like what he has seen from his best players. “My concern is some of the people that we are going to need to make a difference for us to win a series, I don’t think they’re ready right now,” the Jack Adams finalist stated. “I don’t think they’re doing the things they need to do right now to get ready for that series… This isn’t getting ready for the regular season and then trying to find your game in 15 games during the regular season. This is a sprint… I don’t want us to fall into this trap of wading in. We need to be ready to go.”
  • Anton Khudobin and the Dallas Stars have some extra time to get ready for the postseason as they are one of the four top seeds in the West and will have four round robin games ahead of them before the real competition begins. Although Khudobin may only see action in the round robin and not in the Stars’ postseason series, as starter Ben Bishop will get the nod unless his play warrants a change, Khudobin’s value to Dallas cannot be understated. One of the best backups in the NHL, Khudobin recorded a .930 save percentage and 2.22 GAA in 30 games this season. While these numbers are outstanding, even better than Bishop’s, it doesn’t appear that Khudobin is looking to move on from Dallas to a greater role. He tells Matthew DeFranks of The Dallas Morning News that his preference is to remain with the Stars for a while longer. However, the impending UFA admits that he will let his agent work out the details and find the best opportunity. Khudobin is certainly comfortable and thriving in Texas, but the Stars’ limited cap space and the presences of Bishop and top prospect Jake Oettinger may mean that his current team cannot offer him top dollar. On the other hand, a potentially strong goalie market and Khudobin’s age, not to mention a flat salary cap, may mean that there won’t be the demand on the open market that Khudobin’s performance would normally command. This seems to be the case with another elite backup, Boston’s Jaroslav Halak, who recently signed a one-year extension for less guaranteed money despite another stellar season as the Bruins’ backup after replacing Khudobin himself. Perhaps Khudobin will have to settle for the same fate, especially if he wants to remain in Dallas.

Snapshots: Stingrays, Beaudin, Koivu

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The Washington Capitals and South Carolina Stingrays of the ECHL have renewed their affiliation, signing a three-year extension that will keep them together moving forward. The Stingrays were first affiliated with the Capitals between 2004-2012, and were reunited in 2014. The two teams, along with the Hershey Bears of the AHL, have experienced plenty of success as one of the strongest three-tiered development system in professional hockey.

Perhaps the best-known success story is Braden Holtby, who spent time with the Stingrays in 2009-10 before eventually moving up the depth chart. The ECHL is routinely used to give raw goalie prospects a chance to hone their talents in game situations and will continue to be a valuable development path for the Capitals.

  • With the shortened season the league had to institute a pro-rating system for things like the entry-level slide rule in the new CBA. Previously, players had to eclipse ten games for their entry-level contract to kick in. That changed slightly with the new rules, but according to CapFriendly the new formula will only actually affect one player—Nicolas Beaudin. The Chicago Blackhawks prospect could see his first year burned if he is to play in eight more games, even though he only played one in the regular season. There are still many players who could see their first year kick in should they play enough games in the playoffs, but those thresholds remain at 10 games. CapFriendly has the entire list right here.
  • Mikko Koivu is scheduled to become an unrestricted free agent at the end of the year, but he hasn’t made a decision yet on whether he’ll continue to play. The 37-year old Minnesota Wild captain told Michael Russo of The Athletic that he would make that decision after his season is over. After several major injuries and the slow march of time Koivu isn’t the same two-way monster he was for so many years, but he did still contribute 21 points in 55 games for the Wild this season. He’ll get a chance to strengthen his legacy with a playoff run, but the Wild will have to dispatch the Vancouver Canucks in their qualification round first.

Examining Some Major CBA Changes

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While the focus for many hockey fans today will be on the return to play protocols and when their individual team will resume the chase for the Stanley Cup, the vote between the NHL and NHLPA also officially introduced a CBA extension. With that extension, that will run through September 15, 2026 (but also has some built-in extenders), the two sides also agreed to several changes to contract structure rules and enforcement. We’ll go over some of the most striking changes here:

  • NMC/NTC: No-move or no-trade clauses that have been included in contracts but have not yet kicked in will remain even if a player is traded. In 2016, the Montreal Canadiens traded P.K. Subban to the Nashville Predators just a few days before his no-trade clause was set to begin. Under the old rules, the Predators had the choice of whether to honor that clause or not. They decided not to (Predators GM David Poile is notorious for not including no-trade clauses in most of his own deals) and subsequently traded Subban to the New Jersey Devils a few years later.
  • UFA Interview Period: The interview period that immediately precedes the league’s free agency period has been eliminated. Previously, the league allowed teams to speak with pending free agents a few days before their contracts actually expired, in order to allow players and front offices a little more time to negotiate. That period has been eliminated, meaning there will be a rush to get in contact with players the moment free agency begins.
  • Recapture Penalties: Cap recapture penalties cannot exceed in any one year the contract’s average annual value. Under the old rule, the Predators were in danger of facing a ~$24.6MM cap penalty if Shea Weber decided to retire before the 2025-26 season. That penalty, should it happen, would now be spread over several years and not be able to exceed the $7.86MM cap hit Weber carries. So far, only the Vancouver Canucks and Florida Panthers have been dinged with recapture penalties, both stemming from Roberto Luongo’s early retirement.
  • Trade Conditions: A team can no longer include a condition in a trade that would send further compensation if a player is re-signed. This is only applicable if the traded player has an NHL contract at the time of the trade. Before this rule, teams were almost always including an additional condition in trades that would net them an extra piece of compensation if the acquiring team re-signed the player. A notable recent example was when the San Jose Sharks re-signed Evander Kane after acquiring him from the Buffalo Sabres. The decision to re-sign Kane came with an increased cost to the Sharks, as a conditional fourth-round selection was upgraded to a first-round pick.
  • Eight-Year Extensions: Teams no longer need to wait until after the following trade deadline to sign a newly acquired player to an eight-year extension. In the case of Erik Karlsson, the Sharks were not permitted to sign him for an eighth year until the trade deadline had passed after acquiring him from the Ottawa Senators.
  • Qualifying Offers: A qualifying offer for a restricted free agent is no longer automatically equal to the final year’s salary.  Instead, it will be the lower of the salary in the final year or 120% of the AAV of the contract. Timo Meier notably used the old rule to his advantage when negotiating his new contract, back-loading the deal to force a $10MM qualifying offer when it expires. This change only applies to contracts signed from here on out, meaning Meier (and others like Brock Boeser) will still receive qualifying offers equal to their final contracted year.
  • Olympic Participation: Both sides have committed to participating in both the 2022 and 2026 Olympic Games. Though this isn’t contractual, it was a big point of emphasis for the players in CBA negotiations.
  • RFA and Draft Pick Contracts: Teams can start signing restricted free agents and draft picks to contracts starting in 2020-21 on Monday. They can also extend players who have contracts expiring after the 2020-21 season. Players like Kirill Kaprizov, Ilya Sorokin and Alexander Romanov will have a three-day window to sign for 2019-20 and burn a year off their entry-level contracts, but will not be allowed to play in the playoffs.

Given that the document released today is only a memorandum of understanding and not the official CBA, there are bound to be more changes noticed in the weeks to come.

NHL, NHLPA Ratify Return To Play, CBA Extension

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The NHL’s Board of Governors and the NHLPA have ratified their agreement that covers both a return to play for the 2019-20 season and an extension to the current CBA until 2026. The deal includes several tweaks to transaction and contract rules but will ensure financial stability for the players and labor peace for the next several years.

Frank Seravalli of TSN reports that the vote among players was 502-135 in favor of the agreement.

With the ratified deal in place the league’s Phase 3—training camp for those 24 teams involved in the expanded playoffs—is set to begin on Monday with games scheduled to kick off on August 1. The Stanley Cup is scheduled to be awarded in October, while the 2020-21 season will hopefully start in December.

The salary cap ceiling is expected to stay at $81.5MM for the 2020-21 season and potentially for several years thereafter.

Should any player wish to opt-out of the upcoming playoff tournament, he will be allowed to penalty-free as long as he does so in writing before 4pm on Monday. The MLB has recently seen several high-profile players opt-out of their shortened season, though they are not working out of hub cities and continuing to travel around North America. The NBA, which has set up a bubble in Florida, has also seen players opt-out including two-time All-Star Victor Oladipo.

The NHL has also announced that the 2020 Entry Draft has been tentatively scheduled for October 9-10. The second phase of the draft lottery will be held after the qualification round.

As part of the agreement, the NHL will once again be sending players to the Olympic Games.

NHL commissioner Gary Bettman released the following statement:

Today, the NHL and the NHLPA announced a significant agreement that addresses the uncertainty everyone is dealing with, the framework for the completion of the 2019-20 season and the foundation for the continued long-term growth of our League. I thank NHLPA Executive Director Don Fehr and Special Assistant to the Executive Director Mathieu Schneider, the more than 700 NHL Players – particularly those who worked on our Return to Play Committee – and the NHL’s Board of Governors for coming together under extraordinary circumstances for the good of our game. While we have all worked very hard to try to address the risks of COVID-19, we know that health and safety are and will continue to be our priorities. We know that all of our fans are excited about our return to the ice next month and that has been our goal since we paused our season on March 12.

The league has also included a schedule for the first ten days of the qualification round.

Snapshots: Ratification, Murray, Evason

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The NHL’s Board of Governors has a conference call scheduled for this evening to vote on the proposed CBA extension and return to play agreement. That vote is expected to go smoothly according to Bob McKenzie of TSN, who points out that it is “virtually unheard of” for the governors to go against something put forward by commissioner Gary Bettman. The NHLPA however, which also needs to ratify the agreement for it to come into effect, has been voting since Wednesday evening and will complete the process tonight.

Though there is plenty of positivity around the player vote, McKenzie does point out that this is likely an all-or-nothing situation when it comes to the 2019-20 season. The veteran scribe does not see a way the two sides could immediately go back to the negotiating table or find a way to finish the 2019-20 season if the players were to reject this package. A rejected proposal would also have far-reaching effects on the league, with some sources even indicating to him a substantial drop in the salary cap ceiling for next season without the CBA extension. McKenzie also mentions the dreaded “lockout” term in his explanation of the importance of this vote, something no hockey fan wants to hear at this point. News of the ratification could come as early as tonight.

  • Michael Russo of The Athletic has a few notes about the Minnesota Wild’s front office and coaching structure, including a suggestion that Mike Murray could be joining the organization soon. While Murray has only said he left the AHL to “accept a position with an NHL club” in October, Russo tweets that fans shouldn’t be surprised if that’s Minnesota given his familiarity with Wild GM Bill Guerin. Murray served as the AHL’s vice president of hockey operations.
  • While Murray’s connection seems speculative at this point, Russo goes into far more depth on interim head coach Dean Evason and his future with the organization. In his latest piece for The Athletic, Russo lists Gerard Gallant, Peter Laviolette, Tim Army, Scott Sandelin, Mike Hastings, and Tony Granato as other potential candidates, but notes that Evanson has “elevated himself” into consideration. The Wild are scheduled to face the Vancouver Canucks in their qualifying round, giving Evason even more opportunity to show what he can do behind the bench.

Islanders Notes: Salary Cap, Free Agents, Ilya Sorokin

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Many teams are facing troubling cap situations over the next two seasons (assuming the CBA passes and the cap freezes at $81.5MM). Count the New York Islanders among the troubled.

Though they don’t have any exorbitant deals, the Islanders have a whole host of contracts in the $3-6MM range. With $71.38MM already committed to their roster for next season, there’s a decent likelihood that GM Lou Lamoriello will have to let all their pending unrestricted free agents walk, per The Athletic’s Arthur Staple. That would mean Matt Martin, Derick Brassard, Tom Kuhnhackl, Andy Greene, and Thomas Greiss all hitting the open market. Then again, with many teams facing this crunch, free agents may face a depressed market, potentially allowing teams to grab some bargain short-term deals.

  • Greiss is probably the biggest on-ice contributor from that group, though if all goes well, Ilya Sorokin could join the club and take on that role. Martin might be the bigger loss in a spiritual sense. Despite a two-year hiatus in Toronto, Martin has spent nine years in New York, and his grinding style of play has made him popular among the locals. He’s also the most likely to return, as the fourth-liner may not command a whole lot in free agency after marking 0.4 point shares this season.
  • The bigger issue, Staples writes, is with the Islanders restricted free agents: namely, Mathew Barzal. Just two years removed from winning the Calder Trophy, Barzal is in line for a hefty raise, even if he settles for a bridge contract. With Ryan Pulock, Devon Toews, and potentially Sorokin (more on this later) also restricted free agents, the Islanders will look to shed a contract or two to free up enough money to keep these central young players in the fold. The team has been resistant to trading Nick Leddy, but his $5.5MM could be rerouted to players more likely to play key roles moving forward. Leddy remains a viable blueliner, and though they’re not likely to return a significant asset for him, New York can get out from under his contract if they need the money. Another former Blackhawk, Andrew Ladd, would be another trade piece, but at 35-years-old and with only 30 games played over the last two seasons, they’re not likely to find a taker for the veteran forward – nor can they get any savings from buying him out. More likely for Ladd, Staples notes, is landing on the long-term injured reserve, which would allow the Islanders to go over the cap by $5.5MM.
  • Even though signing Sorokin now will burn his one year ELC, the Islanders are probably going to do so anyway to get him in the fold, writes Staple in another piece. It will make him a restricted free agent for next season, but the Islanders appear ready to bring him in to start working with their coaches. Since the KHL doesn’t typically allow opt-outs, New York would rather bring him in and have him ready for next season rather than lose him to the KHL for another season.

Notes On The CBA

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Changes made to the newly-extended CBA are trickling in by the day as we await the results of the player vote. The latest update is a change to the performance overage policy. Per Sportsnet’s Elliotte Friedman, those teams who incur a Performance Bonus overage will be able to distribute the penalty evenly across each of the next two seasons. It’s a small consolation for a frozen salary cap line, but it’s a helpful option nonetheless that will enable teams to make a more cohesive plan to get through the next couple of seasons with a salary cap of $81.5MM. More from the CBA…

  • There were a couple of tweaks to arbitration rules, notes The Athletic’s Craig Custance. For starters, once an arbitration hearing begins, a settlement will no longer be allowed. This might push teams and players even harder to reach accords before settling in arbitration. Once there, the play-in rounds for this year’s 24-team playoff will technically count as playoff stats, not part of the regular season. This makes sense since not all teams are taking part.
  • As things currently stand, those unsigned players looking to make the leap to North America – Alexander Romanov, Ilya Sorokin, Kirill Kaprizov, and others – aren’t eligible to participate in 2019-2020 season. They are able to sign, however, and burn one year of their ELC, something the Wild are willing to consider with Kaprizov just to get him playing with his North American teammates, per The Athletic’s Michael Russo. The key is this: It’s still possible these players would be allowed to participate in Phase 3 training camp, per TSN’s Bob McKenzie. The Wild, for instance, would burn a year of Kaprizov’s ELC to get him comfortable with his new teammates, but it’s hard to see the value otherwise.

NHL To Change Qualifying Offer Rules

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Bridge contracts have often been back-loaded in the past to ensure a higher starting point for a qualifying offer.  For example, a player making $2.5MM in year one and $3MM in year two would have a qualifying offer of $3MM.

That element was used more liberally last summer with several players taking significantly lower payments up front to crank up the salary in the final year to yield a higher qualifier down the road.  San Jose’s Timo Meier is the most notable of those as he has a $6MM AAV on his four-year deal but a $10MM salary in the final season that becomes the required offer to retain his services (barring an early extension beforehand).

That caught the attention of the league and they are changing the rule as a result.  Thomas Drance of The Athletic reports (subscription required) that the Memorandum of Understanding for the CBA that is currently working its way through the ratification process includes a tweak to the qualifying offer rules.  Instead of being based on the salary in the final year of the contract, it will now be based on the lower of the salary of the final season of the deal or 120% of the AAV.  For Meier’s situation, had his deal been signed under this new policy, his qualifying offer would be $7.2MM (120% of $6MM) instead of $10MM, the final-season salary. However, this does not overwrite the qualifying offer rules on current contracts so for players like Meier, the old rule will still be in place.

It may seem like a small move on the surface but this has the potential to really affect short-term deals being signed off of entry-level contracts.  Given the decreasing escrow percentages in the CBA, players are likely going to show more interest in back-loading deals.  Under the old system, that means even more players with inflated qualifying offers and with the salary cap progression expected to slow for a few years, this had the potential to do some damage to a team’s cap structure down the road.

Now, players will still have the ability to back-load contracts to shield themselves as best as possible in the new escrow structure but teams will have a bit more protection from a salary cap standpoint if 120% of the AAV checks in lower than the salary in the last year.  It also may result in an increase in short-term bridge deals rather than the three-year and four-year pacts some have chosen to sign in recent years as well as without the buffer of the much higher qualifying offer at the end, the temptation to go with those should be lessened.  The change itself is seemingly rather small in nature (from salary to AAV percentage in only some cases) but it could certainly shift how things are done in restricted free agency as soon as this offseason.

New CBA Eliminates Free Agent Interview Period

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Over the past several days, news has been trickling out about some of the new elements of the CBA.  TSN’s Frank Seravalli was the first to report (Twitter link) that there is a big change coming to free agency as the interview period has been removed.  Now, teams won’t legally be permitted to talk to players until the opening of free agency.  While that had previously been speculated to be November 1st, that’s now projected to be October 9th as per the tentative critical dates calendar.  Having said that, that seems likely to be pushed back a little bit as some of the other target dates in there (such as camps opening July 10th) have already been delayed slightly; camps won’t open now until the 13th.

This will once again fundamentally shift the free agent landscape.  The interview window was put in during the last CBA to give teams a chance to speak to players in advance to gauge their interest in joining their franchise.  Of course, that’s not exactly how it played out as in recent years, as deals in principle were reported a couple of days before July 1st with quite a few others getting leaked in the hours leading up to the opening of the market.

With the window not being used properly, the NHL and NHLPA have decided to go back to the old way which is no permissible contact until the market officially opens up.  That will present some challenges as the market will likely go back to being one where teams make offers that expire in a very limited timeframe as they need to know whether or not they have to pivot to alternative options.

Of course, this upcoming UFA period – be it in October or early November – is going to be a rather unique one.  The freezing of the salary cap at $81.5MM is going to handcuff quite a few teams and there were already some that were pegged to be having some cap trouble anyway.  Accordingly, this is likely to deflate the market somewhat and adding that to eliminating any legal contact with free agents beforehand is going to create a very unique marketplace a couple of months from now.

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