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Duncan Keith Announces Retirement

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The Edmonton Oilers have cleared even more cap space. Duncan Keith has decided to retire, which will not only open cap space for the Oilers but also means a significant cap recapture penalty for the Chicago Blackhawks:

  • 2022-23: $5.54MM
  • 2023-24: $1.94MM

Cap recapture is a function of the CBA that penalizes teams for previously signing extremely front-loaded contracts. When Keith signed his 13-year, $72MM deal in 2009, the last few years included a very low salary in order to drop the overall average.

For instance, he would have only earned $1.5MM this season in actual salary. The Blackhawks then must repay the savings they received in the early part of the contract–Keith was earning $8MM per season at the start of the deal while carrying a cap hit of just $5.54MM.

On the other end of that coin, the Oilers should actually receive a cap credit, as they paid the elevated cap hit this season despite Keith only making $2.1MM. Unfortunately, that credit is apparently being removed by the NHL–though a grievance process is possible through the NHLPA. For now, they will only receive the benefit of clearing the $5.54MM cap hit off the books for 2022-23.

While the cap implications will cloud Keith’s retirement, nothing should overshadow the fact that one of the best players of his generation is calling it quits.

The 38-year-old played 1,256 regular season games, 151 playoff contests, and won three Stanley Cups with the Chicago Blackhawks. An elite two-way player, Keith racked up offensive numbers while also playing a quiet, effective defensive game.

During his 16 years with Chicago, he averaged nearly 25 minutes a night, won the Norris Trophy twice and the Conn Smythe in 2015. He sits 34th all-time in points from a defenseman, and 26th in games played.

When he is eligible, Keith will have a great case for Hall of Fame induction, as a player who was legitimately at (or at least near) the top of his position for a long stretch in his prime.

Photo courtesy of USA Today Sports Images

Latest On Evander Kane

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The Edmonton Oilers and Evander Kane remain split in contract negotiations, according to Frank Seravalli of Daily Faceoff, who notes that the two sides met yesterday and made little progress. The separation appears to be in the length of the deal, with the Oilers looking to go short-term with the pending free agent forward. In fact, following the meeting, Kane has been granted permission to start speaking with other teams, according to Pierre LeBrun of The Athletic, though agent Dan Milstein notes that there is still hope a deal can be worked out in Edmonton.

Of course, there is also the fact that Kane is currently involved in a grievance over what he claims was a wrongful termination by the San Jose Sharks, a process that does not appear to be headed toward a resolution before free agency opens on Wednesday. That certainly clouds things for the Oilers and any other team that wants to sign Kane, as there is the potential–however remote–that a new deal could be voided if the arbitrator re-instates his contract with the Sharks. By then, a team would be left out in the cold, with cap space in hand and no premier free agents left to sign. While a settlement between the Sharks and Kane would appear to be the most likely outcome, it is not decided yet.

There is also an apparent belief from Kane’s camp that he will be able to land a deal worth somewhere between $40MM and $50MM on the open market, after showing just how dominant he can be down the stretch. After joining the Oilers in January, Kane scored 22 goals in 43 regular season games and another 13 in 15 playoff contests. That is a 49-goal pace over a full 82-game season, obviously making him one of the most dangerous offensive weapons in the league.

While some of that was obviously driven by the opportunity to play with Connor McDavid, it’s exactly that chemistry that makes Kane such an appealing asset for the Oilers. Not every player can keep up with a superstar but the Oilers finally found a perfect match for McDavid in Kane, potentially making him even more valuable to them than any other team.

The fact that he appeared to stay out of trouble off the ice during his time in Edmonton will only help his case, and the Oilers’ newfound cap space should only make it easier to work out a deal. Still, if the two sides remain far apart just days before free agency, it might seem prudent for the Kane camp to at least wait to see what else is out there before circling back.

Photo courtesy of USA Today Sports Images

Oilers Qualify Four, Non-Tender Three

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West Notes: Puljujarvi, Gaudreau, Nichushkin

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The Edmonton Oilers have cap space in hand and, after a strong run to the Western Conference Final, a clear desire to add difference-making players to their roster. One player they’re likely to subtract from their lineup is forward Jesse Puljujarvi. Puljujarvi, 24, will become an arbitration-eligible restricted free agent on Wednesday and is expected by many to be moved before next season. After a promising season in Edmonton, the Oilers faithful could not be faulted for expecting to return at least something of reasonable quality as part of the compensation package in any summer Puljujarvi trade. It seems, though, that that’s unlikely to happen. According to TSN’s Darren Dreger, the Oilers are “frustrated” by “how little interest there is” in Puljujarvi.

Dreger clarifies that there are about three or four teams that are “nibbling” at the prospect of acquiring Puljujarvi and that the Oilers front office is bracing for a reality where they are forced to “sell low” on Puljujarvi and accept a return they deem to be sub-par. Puljujarvi, the fourth overall pick at the 2016 draft, scored 14 goals and 36 points in 65 games in 2021-22, which is a career-high in points production, although his playoff scoring (just three points in 16 games) left much to be desired. There is a general belief that Puljujarvi could “pop” on another team and score with a level of consistency and frequency he never could in Edmonton, and the Oilers may be left with a sort of trade return that is not commensurate with the value they believe Puljujarvi holds.

Now, for some other notes regarding the league’s Western Conference teams:

  • With Filip Forsberg now off the market, Calgary Flames forward Johnny Gaudreau has solidified his spot as the undisputed top free agent scorer set to be available on next week’s open market. The Calgary Flames, though, are hoping his contract situation ends in a similar way to Forsberg’s. Flames GM Brad Treliving, as relayed by TSN’s Salim Valji, remains “optimistic” about the prospect of re-signing Gaudreau, and part of the reason for that optimism has been because he and Gaudreau’s agent, Lewis Gross, have been “genuinely working towards a deal.” There has long been speculation on a Gaudreau return to his native East Coast, perhaps to the Philadelphia Flyers or New Jersey Devils, but it seems as though the Flames are fully intent on keeping that from happening and have every confidence that they’ll be successful.
  • With a spectacular performance in the playoffs, capped off by an impactful Stanley Cup Final series against the Tampa Bay Lightning, winger Valeri Nichushkin could enter the market next week on extremely strong ground. The Colorado Avalanche and GM Joe Sakic are going to try to keep that from happening. The team bid farewell to goalie Darcy Kuemper, helping them save cap space, and will likely use a solid chunk of that space in their attempt to retain Nichushkin. ESPN’s Kevin Weekes pegs a Nichushkin extension in Colorado at the $5MM-$6MM average annual value, which seems more than reasonable for a strong defensive player who scored 52 points in 62 games. It’s still an open question as to whether the Avalanche will commit to the full eight-year term they are permitted to offer Nichushkin, but their ability to offer one more year than any teams on the open market could be a factor in deciding if Nichushkin stays in Colorado. If he doesn’t, he can expect a multitude of suitors once the market opens.

Offseason Checklist: Edmonton Oilers

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With the offseason in full swing, it’s time to examine what each squad will need to accomplish over the coming weeks.  Next up is a look at the Oilers.

This past season was a good one for the Oilers as they were able to make it to the Western Conference Final for the first time since 2006 before being taken out by the eventual Cup-winning Avalanche.  Now, GM Ken Holland has some work to do to keep as much of the core intact while trying to add a piece or two to bolster their chances for next year.

New Deals For RFA Wingers

Let’s start with the free agent front.  Thanks to their cap situation, they were forced to give low-cost bridge contracts to wingers Kailer Yamamoto and Jesse Puljujarvi.  It worked in the sense that it allowed them to have enough flexibility to add some other pieces to their roster for 2021-22 and clearly, some of those additions helped propel them to the third round.  But now, those young wingers are about to cost more.

Yamamoto will be owed a $1.175MM qualifying offer but should more than double that on his next contract.  After a tough showing in 2020-21, the 23-year-old bounced back nicely, hitting the 20-goal mark for the first time while setting new career bests in assists (21) and points (41) as well.  He didn’t produce at the same point-per-game rate that he did in his rookie campaign but he spent most of the year in Edmonton’s top six, logging nearly 17 minutes a game.  Yamamoto is now arbitration-eligible and with the year he had, he’ll have a strong case to push for something in the high-$2MM range if it gets to a hearing.  Another short-term contract is likely to keep the cost down but it will cost a fair bit more this time around.

As for Puljujarvi, the 24-year-old has had more success in his second stint in the NHL and is coming off a career year of his own with 36 points in 65 games with impressive possession stats as well.  His playoff performance ended things on a sour note but with him being arbitration-eligible as well, he’s in line to earn considerably more than his $1.41MM qualifying offer.  At this point, a trade appears to be likely but that was the expected outcome a few years ago when he first wanted out.  If he sticks around, they’ll need to pay up to keep him.  If he goes, they’ll need to find a pretty good player to replace him, one that won’t come all that cheap.

Add A Goalie

Now, onto the obvious one.  Goaltending has been an issue for the Oilers for several years now and while Holland has tried to get in on the bidding for some of the notable free agents (such as Jacob Markstrom), he hasn’t been able to land an impact starter.  Keeping Mike Smith around was supposed to give them some stability but the combination of him and Mikko Koskinen was highly volatile.  Now, Koskinen is off to Switzerland while there has been plenty of speculation that Smith, who has one more year left on his contract, is expected to spend 2022-23 on LTIR after playing through several injuries during Edmonton’s playoff run.  That leaves a pair of openings to fill.

One of those can be covered internally by Stuart Skinner who didn’t look out of place in a dozen starts this past season.  He’s under contract for the league minimum for 2022-23 which will give Holland a little extra flexibility to work with.  However, the 23-year-old isn’t ready to be an NHL starter yet and hasn’t played 50 regular season games in a full professional year.  He’s someone that could be leaned on for 25-30 starts but anything more than that would be risky.  Accordingly, the Oilers will need a true starter or at least someone that’s capable of playing the strong side of a platoon.

Looking into free agency, there aren’t a lot of those available with some of the more prominent names coming off the board over the last 48 hours.  Darcy Kuemper will hit the open market with Colorado opting to go in a different direction and Jack Campbell remains unsigned.  Those are the only two goalies that made more than 35 starts in 2021-22.  Unless there’s a trade out there for an affordable goaltender to materialize, their options are limited and Edmonton will need to make sure one of those two is in their lineup on opening night.

Re-Sign Or Replace Kane

A few days ago, it looked like it would be quite difficult for Edmonton to have a chance at keeping Evander Kane in the fold.  The power forward fit in quite well after joining the team midseason and is well-positioned to land a sizable contract.  It probably won’t be as high as the one that San Jose terminated but he will land one of the bigger deals on the open market next week.  But with them offloading Zack Kassian’s contract to Arizona and Duncan Keith set to retire, more than $8.5MM in cap room is opened up.  Smith being LTIR-bound would give them another $2.2MM to work with although they’ll need that and more to fill the goalie vacancy.

All of a sudden, there’s at least a pathway towards Holland being able to take a legitimate run at keeping Kane around and ensuring a key part of their attack – he had 22 goals in just 43 games – sticks around.  If not, they’ll need to put that money to good use to bring in another top-six forward to replace him.  If they have to go the latter route, it wouldn’t be surprising to see Edmonton prefer a shorter-term option – someone like Claude Giroux – whose contract would expire by the time Draisaitl’s contract wraps up in 2025.  Keith’s retirement has given Holland a chance to bring back or bring in another key piece and they’ll need to take advantage of it.

Add Defensive Depth

Keith’s retirement also opens up a spot on the back end to fill as the soon-to-be 39-year-old logged nearly 20 minutes a night on Edmonton’s blueline.  While Evan Bouchard can conceivably cover a couple more than what he logged in 2021-22, the Oilers will need to find a replacement that’s at least capable of playing 16-18 minutes per contest.

On top of that, Brett Kulak and Kris Russell are pending unrestricted free agents, opening up a pair of slots at the end of their roster.  While Kulak is a candidate to be brought back – more so following the Keith news – a depth defender or two would go a long way towards giving them a bit of stability on the third pairing.  Philip Broberg has some upside but limited NHL experience so far while their current depth options like Slater Koekkoek and Dmitri Samorukov aren’t players they should be comfortable using on an every-game basis.

What they are or aren’t able to do here will largely be determined by what happens with their goalie situation and Kane but is something that Holland will be looking to address in the coming weeks.

Photo courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Arizona Coyotes Acquire Zack Kassian

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We have another trade. The Coyotes, who earlier tonight cashed in some of their draft capital to move up to the 11th overall pick, are making another move. They have acquired forward Zack Kassian, the 29th overall pick, a 2025 second-rounder, and a 2024 third-rounder from the Edmonton Oilers in exchange for pick 32. To put it more simply, the Oilers are moving down two spots and trading two future mid-round picks in order to clear Zack Kassian’s contract off their books.

The Oilers, desperate to improve their team after an encouraging run to the Western Conference Final, want to be active this offseason in making improvements to their roster. They have been interested in a variety of goalies, but with cap space at an absolute premium, they have now decided they’ll need some more wiggle room in order to get a deal done. Trading Kassian’s cap hit gives GM Ken Holland more room to work with as he chases free agent goalies, such as Jack Campbell, or other established players in free agency.

For the Coyotes, this move adds a few more picks to GM Bill Armstrong’s stockpile. The Coyotes add two decently valuable picks as well as the right to move up a few spots in tonight’s draft in exchange for taking on Kassian, who had six goals and 19 points in 58 games this year. If Kassian can perform well in Arizona, it’s possible that the Coyotes will have the option to retain salary on his deal in order to flip him to another club. For now, though, the main priority will be the draft picks acquired in the deal.

We knew going into this summer that teams such as Chicago and Arizona would be active in weaponizing their cap space in order to acquire future assets. Now, on the night of the draft, both teams have made moves to do exactly that.

Sportsnet’s Elliotte Friedman was first on the details.

Edmonton Oilers Promote Brad Holland

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The Edmonton Oilers have updated the status of several members of the front office and coaching staff, confirming that Glen Gulutzan, Dave Manson, Dustin Schwartz, Jeremy Coupal, and Keith Gretzky will all be returning to their current positions. Changes include Noah Segall being promoted to video coordinator from the AHL club, and Brad Holland being named assistant general manager.

Holland’s promotion is the headline, not only because of his obvious ties to Oilers general manager Ken Holland (his father) but also the fact that he had been chased by other organizations this summer. Chris Johnston of TSN and Frank Seravalli of Daily Faceoff both tweeted that there was significant interest from other teams.

The 41-year-old AGM joined the Oilers in 2019 as a pro scout and has a history that includes stops with the NHL’s hockey operations department and Toronto Maple Leafs.

Retaining Gulutzan and Manson is also an important distinction, as Jay Woodcroft enters his first full season with the club after seeing the interim tag removed this summer. The assistant coaches can help the rookie head coach navigate the waters as the Oilers attempt to go on another deep playoff run. Manson, who came up with Woodcroft from the AHL, will also be in his first full season behind an NHL bench, though he sat on it for more than 1,100 games as a player.

West Notes: Kaprizov, Keith, Jets Prospects

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Concerns continue to rise about the availability of Russian players to NHL teams next season. One player who’s come into focus today due to a variety of conflicting reports is Kirill Kaprizov, who Minnesota Wild general manager Bill Guerin confirmed today is still in Russia despite rumors stating he had returned to the United States. In response to reports this morning that Kaprizov is currently wanted in Russia for buying a false military ID card five years ago, Guerin said the following:

We’re not going to push the panic button or anything like that. We’re just trying to gather information right now and find out if this is even credible.

Kaprizov is one of the multiple players whose situations are in limbo, exacerbated by the fact their KHL rights are held by CSKA Moscow, a Russian army-owned team. Russo notes that in the past, CSKA players have been exempt from military service, but this is an informal and non-codified rule. In addition, Kaprizov’s exemption from mandatory military service via a studentship in a Russian organization expired at the end of June. Very little is confirmed about the situation, but it’s a significant development that bears watching over the course of the offseason as it pertains to Kaprizov’s availability to the Wild next season.

  • The Edmonton Oilers will get some clarity soon on the playing future of defenseman Duncan Keith, who could potentially decide to retire with one season remaining on his contract carrying a $5.54MM cap hit. General manager Ken Holland noted that he’d spoken to Keith twice in the past few weeks and that he’s requested an answer by this Saturday. That gives the Oilers a brief window of time ahead of free agency to work out replacement plans for Keith if he retires. The 38-year-old defenseman would not inflict a cap penalty on the Oilers if he opts to call it a career.
  • Winnipeg Jets general manager Kevin Cheveldayoff gave injury updates today on a pair of important Jets prospects. Cole Perfetti, who suffered an upper-body injury in mid-February, has just started skating again and is not cleared to participate in the 2022 World Junior Championship for Team Canada. Additionally, 2021 first-rounder Chaz Lucius, who underwent ankle surgery after suffering a late-season injury with the University of Minnesota, won’t participate for the United States.

Latest On Jesse Puljujarvi

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There could be some more movement involving young wingers ahead of the draft. TSN’s Ryan Rishaug reports that there are now as many as four teams kicking tires on Edmonton Oilers Jesse Puljujarvi, but further suggests that the return heading to Edmonton will be “marginal.”

It certainly doesn’t appear to be gearing up for a great return on investment for the Oilers, who selected Puljujarvi fourth overall in 2016. He’s had some analytically strong performances in recent seasons, especially when playing with the Oilers’ top players, but a late-season injury and unlucky playoffs tanked his trade stock. While he did have a solid 14 goals and 36 points in 65 games this year, he had just three points in 16 playoff games, earning the ire of the Oilers fanbase.

Counted on to be a solid complementary player, Puljujarvi screams “talent that will succeed in a different system,” but he really hasn’t shown enough offensive ceiling at the NHL level for Edmonton to recoup first-round level value. With a relatively small amount of teams in the market for his services too, it’s just not looking good for Edmonton to make a winning trade to move on from the Finnish winger.

Decision Deadline For Keith And Smith Extended To July 10

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  • The Oilers have extended the decision deadlines for defenseman Duncan Keith and goalie Mike Smith, reports Daniel Nugent-Bowman of The Athletic (subscription link). Originally, Edmonton was looking for clarity on their futures by July 1st but that has now been pushed to July 10th.  At this point, Keith appears to be likely to return although there has been recent speculation that Smith, who played through multiple injuries this past season, could be placed on LTIR for the final year of his contract which would have the Oilers on the lookout for another goalie in the coming weeks.

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