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Detroit Red Wings Re-Sign Joe Veleno

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The Detroit Red Wings have announced that they’ve re-signed forward Joe Veleno to a one-year contract for the 2023-24 season with a cap hit of $825,000. The 23-year-old just completed his third season with the Wings and tallied nine goals and 11 assists in 81 games.

Veleno served Detroit’s fourth line well as he posted 152 hits on the season and was a disruptive force against opposing offences. While he did post 20 points on the campaign, he endured some long stretches where the offence dried up, including a 20-game drought where he was held pointless.

Veleno did not qualify for arbitration, which significantly hindered his negotiating power. He will once again be a restricted free agent next summer and could be looking to cash in if he can find more offence in the upcoming season. He will be due a qualifying offer of $866,000 next summer for Detroit to retain his rights.

The Montreal, Quebec native has a good combination of size and speed. He does good work on the forecheck, but it does feel like he has a lot more to give as he enters his prime. Although he hasn’t typically been penalized a lot in the NHL, he did face a major suspension this past spring when he was suspended at the 2023 IIHF World Championship for stomping on the leg of Winnipeg Jets forward Nino Niederreiter during a preliminary round game between Switzerland and Canada.

Veleno was coming off his entry-level contract with Detroit after dressing in 152 games over the past three years. To this point in his career, he has collected 18 goals and 18 assists while posting 13:03 of ice time per game.

Veleno Comments On Contract Talks, Turnover Under Yzerman Has Been Significant

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  • Red Wings center Joe Veleno is Detroit’s remaining restricted free agent. He recently spoke with RDS’ Jean-Christophe Bertrand and noted that discussions remain ongoing and that the hope is to have an agreement in place soon.  The 23-year-old had 20 points in 81 games last season, his first full-time campaign at the top level.  A bridge contract is the likely outcome for the two sides but those deals can range between one and three years with a decent-sized range money-wise within those options.  No matter how long Veleno’s next deal is, he will be arbitration-eligible when it expires.
  • Still with Detroit, MLive’s Ansar Khan points out just how much the roster has changed under GM Steve Yzerman. Of the players that appear likely to be on the opening-night roster for the Red Wings, just four were part of the organization prior to Yzerman’s arrival in April 2019 – Veleno, Dylan Larkin, Michael Rasmussen, and Jonatan Berggren.  Despite the turnover, Detroit hasn’t been able to snap its playoff drought which now stands at seven seasons but with several additions in recent weeks, they are better-positioned to try to take a run at a Wild Card spot in 2023-24.

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.

Detroit Red Wings Acquire Jeff Petry

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The Detroit Red Wings have acquired defenseman Jeff Petry from the Montreal Canadiens just days after Montreal re-acquired him from the Pittsburgh Penguins in the three-team Erik Karlsson blockbuster, according to a team release. Montreal receives defenseman Gustav Lindström and a 2025 conditional fourth-round pick in return.

Montreal is retaining an additional 50% of Petry’s salary in the trade, bringing his cap hit with Detroit down to $2.34MM. CapFriendly reports Montreal will receive the later of Detroit’s or the Boston Bruins’ 2025 fourth-round picks, both of which Detroit currently owns.

This is an expected move, although most reporting indicated Canadiens GM Kent Hughes would wait a little longer to hit send on a deal. Sportsnet’s Eric Engels reported immediately after the Karlsson trade went through that Montreal was going to flip Petry again with salary retained but didn’t think the move would happen until closer to training camps and the start of the regular season. It also marks a return home for Petry, who was born in Ann Arbor, Michigan, and played college hockey at Michigan State.

Petry, 35, had a decent lone season in Pittsburgh last year but wasn’t quite worth the $6.25MM he was costing them against the cap. He finished the year with five goals, 26 assists, 31 points, and a +2 rating in 61 games, a slight rebound from the 2021-22 campaign in Montreal. He once again logged heavy minutes, averaging 22:21 per game.

However, at his age, the chances of Petry producing the 40-plus point campaigns with solid defensive metrics he was known for in Montreal are slim. $2.34MM is quite a manageable number for his services, though, and he still has the potential to challenge Justin Holl for the second-pair right defenseman slot behind undisputed number-one Moritz Seider. Detroit hopes he can at least keep up NHL-caliber play for the next two seasons until his contract expires in 2025, avoiding too sharp of an age-related decline.

Aside from their top pairing of Seider and Jake Walman, Detroit’s depth defense was quite weak last season when it came to controlling possession. While he isn’t a shutdown defender by any stretch, Petry isn’t a liability either, and he should help improve possession numbers for Detroit’s second or third pairing marginally. Adding Petry into the fold also gives Detroit the option to bench Ben Chiarot, who had a disastrous first campaign with Detroit after signing a four-year, $19MM contract with trade protection in free agency last summer – a deal that’s quickly looking like an albatross.

Some are likely questioning this move, given Detroit’s now added a trio of NHL defensemen this offseason and have blocked a potential lineup spot for 2021 sixth-overall pick Simon Edvinsson. However, the 20-year-old defender likely won’t be ready to start the season after undergoing shoulder surgery in May, and without participating in training camp, starting the season with AHL Grand Rapids again isn’t the worst idea. With Detroit evidently looking to challenge for a playoff spot in the Atlantic Division in 2023-24, Petry is a significant upgrade over Chiarot if that’s the lineup swap head coach Derek Lalonde chooses to make.

In Lindström, the Canadiens receive a young depth defenseman still trying to demonstrate he can give an NHL team reliable minutes. Detroit selected the 24-year-old 38th overall in 2017, and he’s gotten into 128 NHL games since then over the course of the past four seasons. Last season, he recorded a goal and eight points in 36 games, along with a -16 rating. The Red Wings signed him to a one-year, one-way deal worth $950K earlier this offseason, and he’s slated to be a restricted free agent with arbitration rights in the summer of 2024.

As CapFriendly notes, this was a significant step for Montreal to become cap-compliant next season without sticking netminder Carey Price’s $10.5MM cap hit on LTIR.

Photo courtesy of USA Today Sports Images.

Bob Baun Passes Away

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Four-time Stanley Cup champion defenseman Bob Baun has passed away, per an announcement from the NHL Alumni Association. He was 86 years old.

Born in Lanigan, Saskatchewan, in 1936, Baun got his start in hockey in Toronto in his teens. He worked his way up through the junior ranks with the Toronto Marlboros before eventually earning an NHL deal with the Maple Leafs at age 20 in 1956-57. He played in just 20 games during that season, maintaining his rookie status. His first full-time campaign was the following season, where he recorded ten points in 67 games and added 91 penalty minutes, finishing fifth in the 1958 Calder Trophy voting. Over the next few seasons, he became one of the NHL’s most respected defensemen, known for hard but clean hits and stout defensive play, earning the nickname “Boomer.”

The 1960s saw Baun win four Cups in a six-year span with the Maple Leafs, becoming a large part of the last Toronto core to win a championship. It was his third Cup win in 1964, though, that’s cemented Baun in NHL lore. Down 3-2 in the Final series against the Detroit Red Wings, Baun sustained a broken ankle in Game 6 but would leave the game just briefly. He returned on the broken ankle when overtime began and scored just his third career playoff goal in 61 games at the time to tie the series. Toronto would win Game 7 in shutout fashion, 4-0, taking home their third straight Stanley Cup.

Baun would play for many more seasons, finally being forced to retire during the 1972-73 campaign at age 36 after he sustained a broken neck on a hit five games into the season. He finished his NHL career with 224 points and 1,489 penalty minutes in 964 games across 17 seasons, also making brief pit stops with the Oakland Seals and Red Wings.

He was also an influential force off the ice, leading the charge for increased player wages at the dawn of the expansion era and even attempted to organize an alumni association in the years after his retirement, looking to investigate what he believed were issues in the NHL’s pension plan at the time. He received little support from players at the time, but an independent audit later confirmed his suspicions.

Baun’s grandson, Kyle Baun, had a brief professional career in the 2010s that included a five-game stint with the Chicago Blackhawks.

We at PHR extend our deepest condolences to Baun’s family, friends, and former teammates.

August Free Agency Update: Atlantic 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. First up is the Atlantic Division:

Boston Bruins

*G Jeremy Swayman (one year, $3.475MM cap hit)
*F Trent Frederic (two years, $2.3MM cap hit)
F Morgan Geekie (two years, $2MM cap hit)
D Kevin Shattenkirk (one year, $1.05MM cap hit)
F James van Riemsdyk (one year, $1MM cap hit)
F Milan Lucic (one year, 35+ contract, $1MM cap hit)
F Patrick Brown (two years, $800K cap hit)
*D Ian Mitchell (one year, $775K cap hit)
F Jesper Boqvist (one year, $775K cap hit)

Buffalo Sabres

D Connor Clifton (three years, $3.333MM cap hit)
D Erik Johnson (one year, 35+ contract, $3.25MM cap hit)
F Tyson Jost (one year, $2MM cap hit)

Detroit Red Wings

*F Alex DeBrincat (four years, $7.875MM cap hit)
F J.T. Compher (five years, $5.1MM cap hit)
D Shayne Gostisbehere (one year, $4.125MM cap hit)
D Justin Holl (three years, $3.4MM cap hit)
F Klim Kostin (two years, $2MM cap hit)
F Daniel Sprong (one year, $2MM cap hit)
G James Reimer (one year, 35+ contract, $1.5MM cap hit)
F Christian Fischer (one year, $1.125MM cap hit)
D Gustav Lindström (one year, $950K cap hit)
G Alex Lyon (two years, $900K cap hit)

Florida Panthers

F Evan Rodrigues (four years, $3MM cap hit)
**F Eetu Luostarinen (three years, $3MM cap hit)
D Niko Mikkola (three years, $2.5MM cap hit)
D Oliver Ekman-Larsson (one year, $2.25MM cap hit)
G Anthony Stolarz (one year, $1.1MM cap hit)
D Mike Reilly (one year, $1MM cap hit)
D Dmitry Kulikov (one year, $1MM cap hit)
F Kevin Stenlund (one year, $1MM cap hit)
*F Grigori Denisenko (two years, $775K cap hit)

Montreal Canadiens

*F Alex Newhook (four years, $2.9MM cap hit)
*F Rafaël Harvey-Pinard (two years, $1.1MM cap hit)

Ottawa Senators

F Vladimir Tarasenko (one year, $5MM cap hit)
G Joonas Korpisalo (five years, $4MM cap hit)
*D Erik Brännström (one year, $2MM cap hit)
D Travis Hamonic (two years, $1.1MM cap hit)
*D Jacob Bernard-Docker (two years, $805K cap hit)
F Zack MacEwen (three years, $775K cap hit)

Tampa Bay Lightning

*F Tanner Jeannot (two years, $2.665MM cap hit)
F Conor Sheary (three years, $2MM cap hit)
F Josh Archibald (two years, $800K cap hit)
F Luke Glendening (two years, $800K cap hit)
G Jonas Johansson (two years, $775K cap hit)
D Calvin de Haan (one year, $775K cap hit)

Toronto Maple Leafs

F Tyler Bertuzzi (one year, $5.5MM cap hit)
D John Klingberg (one year, $4.15MM cap hit)
*G Ilya Samsonov (one year, $3.55MM cap hit)
F Max Domi (one year, $3MM cap hit)
F Ryan Reaves (three years, 35+ contract, $1.35MM cap hit)
G Martin Jones (one year, $875K cap hit)
F Dylan Gambrell (one year, $775K cap hit)

Contract information courtesy of CapFriendly

Gostisbehere Had Limited Interest In Free Agency

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The Red Wings added defenseman Shayne Gostisbehere early in free agency to help replace some of the production they lost when they moved Filip Hronek to Vancouver last season.  Ted Kulfan of The Detroit News notes that the blueliner didn’t have a ton of interest on the open market despite recording 92 points in the last two seasons which resulted in him picking the team that he thought gave him the best chance of securing a multi-year agreement next summer, either with Detroit (who gave him a $4.125MM deal) or elsewhere.  That approach worked for Olli Maatta who signed a one-year deal last summer and then inked a two-year extension back in February and it’s one that the 30-year-old Gostisbehere will be looking to follow.

Gilles Gilbert Passes Away At 74

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A veteran of fourteen years in the National Hockey League from 1970-1983, goaltender Gilles Gilbert passed away this morning at the age of 74, per Kevin Allen of Detroit Hockey Now. Gilbert is best known for being in net for the Boston Bruins in the 1979 playoffs, where Guy Lafleur of the Montreal Canadiens would score the game-tying goal with less than two minutes left in Game Seven of the semi-finals, turning the tide in favor of the Canadiens.

Gilbert was originally drafted in the third round of the 1969 NHL Amateur Draft by the Minnesota North Stars, at that point making him the 25th overall pick. In four seasons spent with the North Stars, Gilbert would play in a total of 44 games, securing a 16-22-5 record, and carrying a .896 SV% and a 3.40 GAA. In May of 1973, Gilbert was traded to Boston in exchange for forward Fred Stanfield.

His time with the Bruins would undoubtedly be the best stretch of his career, playing 277 games over seven years donning the spoked ’B’. For the first four seasons with Boston, Gilbert, and the team would make the postseason in each season, with Gilbert receiving a majority of the starts in the regular season. In total, Gilbert finished his time with the Bruins with a 155-73-39 record, posting a .890 SV% and a 2.95 GAA. As his time in Boston came to a close, he was traded to a separate Original Six franchise, joining the Detroit Red Wings after a 1980 trade for goalie Rogie Vachon.

No longer benefitting from a strong team in front of him in Detroit, Gilbert’s time with the Red Wings wasn’t nearly as successful. In three seasons to finish his career, Gilbert concluded his career with a 21-48-16 record in 95 games, holding a .858 SV% and a 4.14 GAA. He would retire after the 1983 season with a career record of 192-143-60, and a .883 SV% with a 3.27 GAA. After retiring, Gilbert went back to the province of Quebec, where he would remain for the rest of his days.

All of us at PHR would like to offer our condolences to Gilbert’s family.

Possible Comparable For Veleno's Next Deal, Red Wings Offered Chiasson Two-Way Deal Earlier This Month

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  • Still with Detroit, MLive’s Ansar Khan notes that the Red Wings expressed interest in re-signing Alex Chiasson at the beginning of free agency but were only offering a two-way deal at that time. The 32-year-old spent a good portion of last season on a tryout deal with AHL Grand Rapids and was productive, notching 20 points in 29 games.  That got his contract converted to an NHL agreement down the stretch where he picked up six goals and three assists in 20 contests.  Chiasson, a veteran of 651 NHL games, is no stranger to tryout routes and he may have to go that away again in the fall if he wants a shot at securing a one-way NHL agreement.

Possible Comparable Contracts For Seider And Raymond

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  • A pair of Red Wings in defenseman Moritz Seider and winger Lucas Raymond are eligible for contract extensions this summer. MLive’s Ansar Khan assessed both players to try to determine a rough idea of what a max-term agreement for each would look like.  In Seider’s case, Dallas blueliner Miro Heiskanen’s deal which carries an AAV of $8.45MM is a good comparable and a deal around that price point could keep him below Dylan Larkin’s $8.7MM price tag which could be a soft ceiling.  Meanwhile, Khan feels that Montreal’s Nick Suzuki and Cole Caufield whose AAVs are just below $7.9MM might be the right spot for Raymond.  GM Steve Yzerman has a little over $54MM in commitments on the books for 2024-25 per CapFriendly which means that Detroit has more than enough wiggle room to do long-term agreements with both youngsters if they so desire.

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