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Nikita Gusev Clears Unconditional Waivers

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Saturday: As expected, Gusev has cleared waivers, reports Sportsnet’s Chris Johnston, paving the way for his deal to be terminated.

Friday: The New Jersey Devils have placed Nikita Gusev on unconditional waivers for the purpose of a contract termination, according to Elliotte Friedman of Sportsnet. Notably, having his contract terminated tomorrow would give him time to sign a new deal (likely at a much lower salary) with another NHL team and be eligible for the playoffs. When the termination goes through, he will be an unrestricted free agent.

This may come as a surprise, given Gusev is forfeiting the $1MM remaining on his contract, but things had taken a terrible turn in New Jersey. The 28-year-old winger hasn’t played in a game for the Devils since March 20 and has just five points on the season. Made a healthy scratch many times by head coach Lindy Ruff, the two sides were heading to an obvious breakup in the offseason.

This move will expedite that estrangement but also gives Gusev a chance to land on his feet in a better situation. We saw almost the exact same scenario play out last season when Zach Bogosian terminated his contract with the Buffalo Sabres, only to sign a new deal with the Tampa Bay Lightning and win a Stanley Cup. While that is certainly a best-case scenario and not at all guaranteed in Gusev’s case, he could now sign a league-minimum deal with a contender to add some depth for a postseason run, while showcasing himself ahead of free agency.

After a long career in the KHL, Gusev finally came to North America at the end of the 2018-19 season, signing his entry-level deal with the Vegas Golden Knights. He never actually suited up for Vegas though, as an offseason trade took him to New Jersey with a new two-year, $9MM deal. As a rookie that looked like a steal; Gusev recorded 44 points in 66 games, finishing just one point behind team leader Kyle Palmieri. It hasn’t continued and now a $4.5MM average annual value looks like an impossibility on his next deal.

Still, for those teams looking at adding forwards before Monday, Gusev now becomes one of the most low-risk options available.

Thatcher Demko Signs Five-Year Extension

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April 8: Doubling up on their announcement of forward Tanner Pearson’s extension, the Canucks have now confirmed the terms of their new deal with Demko as well. In the team’s release, GM Jim Benning raved about his stellar young keeper: “He’s taken a big step in his development this year, displaying a strong work ethic and composure in his game. At every level of play Thatcher has excelled, from college to the AHL and now as a starter in the NHL. We are excited to have Thatcher be a key contributor to our long-term success.”

March 31: The Vancouver Canucks have locked up one of their key restricted free agents ahead of a busy summer. Thatcher Demko has signed a five-year extension worth $25MM according to Elliotte Friedman of Sportsnet. Demko was set to become an RFA at the end of the season and would have been arbitration-eligible.

After Demko was given an opportunity to prove himself on the biggest stage last summer, posting a .985 save percentage in four postseason appearances, the Canucks decided to let Jacob Markstrom leave in free agency and sign with the Calgary Flames. Braden Holtby was brought in as a veteran complement to the young netminder, but with this new deal, Vancouver is clearly putting their faith in the 25-year-old Demko.

A five-year term buys out three years of unrestricted free agency for Demko, but the $5MM average annual value is certainly a nice raise over the $1.05MM he carried for the last two seasons. The deal puts him ahead of Holtby’s $4.3MM and ties up a good chunk of the Canucks cap in goaltending, but it is worth it if Demko can continue to grow into the starting role.

After a few shaky outings to begin the season, Demko has put up a .937 save percentage in 11 March games, winning eight of them. He’s faced an average of 35 shots a night during that stretch, which shows just how much the Canucks have relied on him as they try to compete in the North Division. For a club that won’t have much room to make changes in the summer, that performance will be key to any chance the Canucks have of contending in the short-term.

That $9.3MM total for Demko and Holtby will come into the spotlight as the Canucks try to sign Quinn Hughes and Elias Pettersson this offseason. When Holtby signed the contract, many speculated that he could be bait for the Seattle Kraken—an experienced, Stanley Cup-winning goaltender on an expiring deal, similar to Marc-Andre Fleury for the Vegas Golden Knights. The problem of course is Holtby’s performance, which has been downright dreadful at times this season and last. The 31-year-old has an .894 save percentage in 12 appearances this year and when added to the .897 he put up last year for the Washington Capitals, tell the story of a goaltender on the way out of the NHL, not one headed to lead an expansion franchise.

If the Canucks do hold onto Holtby, there isn’t a ton of room for Hughes and Pettersson. The team has several defensive holes to fix in the summer and a forward group that has already had trouble scoring at times. Demko is performing at a high level and appears to be the no-doubt starter, but signing a long-term deal comes at an increased cap hit and less flexibility for the Canucks.

Photo courtesy of USA Today Sports Images

Vancouver Canucks Sign Tanner Pearson To Three-Year Extension

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5:15pm: The Canucks have now officially confirmed the signing, keeping Pearson under contract through the the 2023-24 season at a $3.25MM AAV. No other contract terms were reported, but Drance’s report has been reiterated my multiple other sources.

4:15pm: The Vancouver Canucks have maintained for the entire season that they would like to sign pending unrestricted free agent Tanner Pearson to an extension and that finally appears to be close to coming true. Though no formal announcement has been made yet, Thomas Drance of The Athletic has filled in all the details. The three-year contract extension will carry an average annual value of $3.25MM and is backloaded in terms of salary structure. The deal will also include a full no-trade clause in 2021-22 and a seven-team no-trade clause in 2022-23.

Pearson, 28, could have been a deadline chip had the Canucks not been able to work out an extension before Monday. Instead, he’ll stay with Vancouver despite some very noticeable struggles this season, earning a multi-year extension on his strong play in 2019-20. The former Los Angeles Kings forward scored 21 goals and 45 points for the Canucks last season and was a force in the playoffs, recording another four goals and eight points in 17 games.

This season hasn’t gone anywhere close to that, however, as Pearson has just six goals and 11 points in 33 games. Even his physicality has declined, with only 40 hits delivered in that time and his usual powerplay production has been almost non-existent.

Still, the Canucks obviously believe they can get the old Pearson back. Vancouver GM Jim Benning has been notorious for handing out multi-year deals to bottom-six players, but there’s no doubt that Pearson can be more than that when playing his best. The worry now will be how they go about signing their other big tickets, as both Quinn Hughes and Elias Pettersson need new deals. Vancouver has more than $64MM already committed to next season without them, not leaving a ton of wiggle room if they demand hefty raises like other restricted free agent stars have the last few years.

Elliotte Friedman of Sportsnet was first to report that the deal was coming together. 

Photo courtesy of USA Today Sports Images

Three Players Clear Waivers

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April 8: All three players have cleared waivers and can be assigned to the taxi squad or minor leagues.

April 7: Three players have been placed on waivers today, as Elliotte Friedman of Sportsnet reports that Richard Panik of the Washington Capitals, Nick Merkley of the New Jersey Devils, and Martin Frk of the Los Angeles Kings all find themselves available to the rest of the league.

Panik was scratched again last night for the Capitals, the third time he had been out of the lineup in the last five games. That is what happens when you are brought in for secondary scoring and record just three goals and nine points in 36 games. Panik hasn’t been close to effective enough in his role this season, failing to record a point in his last eight and only generating five shots on goal during that stretch. Remember that the 30-year-old forward is on a four-year contract he signed with the Capitals in 2019 and carries a $2.75MM cap hit. $1.075MM of that can be buried by putting him on the taxi squad, giving the Capitals a little more cap flexibility as the deadline approaches.

Merkley is in a nearly opposite situation in New Jersey, where he is still just trying to establish himself at the NHL level. The 23-year-old actually has six points in 13 games this season but doesn’t have a consistent enough effort at the defensive end of the rink. A first-round pick in 2015, there is obvious offensive skill locked away in Merkley, but it’s hard to rely on him in a top-six role at this point in his career. The bottom-six isn’t a great fit for the 5’10” forward, meaning he’s stuck in a difficult situation. Just like New Jersey did when they included him in last year’s Taylor Hall deal, perhaps another team believes they can unlock the next level for Merkley and grabs him off waivers. Given he cleared in January though, that seems unlikely.

If Panik is an overpaid veteran and Merkley is a young player trying to find his way, Frk falls somewhere in the middle. The 27-year-old has been given countless opportunities to really establish himself at the NHL level and despite being an elite minor league contributor, can’t seem to keep his head above water when he moves up. Armed with an incredibly hard shot, Frk scores goals on a consistent basis in the minor leagues but has just 18 in 118 NHL contests. He’s played just one game for the Kings this season after spending most of it on injured reserve, and is likely headed for the taxi squad if he clears.

COVID Protocol Related Absences: 04/06/21

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Each day, the NHL will publicly release the list of players that are unavailable to their respective teams due to being in COVID-19 Protocol. Here is the list for today:

Boston – Jaroslav Halak
Los Angeles – Matt Roy
Montreal – Joel Armia
Ottawa – Jacob Bernard-Docker, Shane Pinto
Vancouver – Travis Boyd, Jalen Chatfield, Thatcher Demko, Alexander Edler, Adam Gaudette, Travis Hamonic, Jayce Hawryluk, Nils Hoglander, Braden Holtby, Bo Horvat, Quinn Hughes, Zack MacEwen, Marc Michaelis, Tyler Motte, Tyler Myers, Antoine Roussel, Brandon Sutter, Jake Virtanen*

As a reminder, inclusion on this list does not mean that a player has tested positive for Coronavirus or even that they have been confirmed as a close contact to another positive person. Included in the NHL’s list of possible reasons for someone being on the list is are the following:

(1) an initial positive test which remains unconfirmed until confirmatory testing is completed pursuant to the Positive Test Protocol; (2) mandated isolation for symptomatic individuals pursuant to the Positive Test Protocol; (3) required quarantine as a high-risk close contact in accordance with the Positive Test Protocol; (4) isolation based on a confirmed positive test result and/or; (5) quarantine for travel or other reasons as outlined in the COVID-19 Protocol

Players removed today: None

One more name for the Canucks as their list continues to grow and now includes 18 of the team’s 22 active roster players. The team also has two taxi squad players and three coaches affected by the protocol, according to Chris Johnston of Sportsnet. Today in his 31 Thoughts column for Sportsnet, Elliotte Friedman indicated that April 16 is now the earliest the Canucks could return to play.

*denotes new addition

Lucas Wallmark, Tanner Kero Clear Waivers

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April 6: Both players have cleared waivers and can be assigned to the taxi squad or minor leagues.

April 5: Two more players have hit waivers today, after Luke Johnson and Jacob de La Rose cleared today. The Chicago Blackhawks and Dallas Stars have placed Lucas Wallmark and Tanner Kero on waivers respectively according to Elliotte Friedman of Sportsnet.

Wallmark, 25, still doesn’t have a goal this season for the Blackhawks and has been limited to just three points in 16 games. Once a regular with the Carolina Hurricanes, he has become a part-time depth player with Chicago and, with the recent acquisition of Vinnie Hinostroza, on the outside looking in. With a cap hit of $950K there is a chance he is claimed, but it seems much more likey that Wallmark will clear and find himself on the taxi squad.

The same can be said about Kero, even if he has been playing well of late. The 28-year-old has five points in 20 games for the Stars this season, his first taste of NHL action since 2017-18. Given that Kero has already cleared waivers twice this season, Dallas should feel comfortable about putting him through again. If he isn’t claimed, he can once again bounce back and forth between the taxi squad and active roster, saving the team some cap on off days.

Luke Johnson, Jacob de La Rose Clear Waivers

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April 5: Both players have cleared waivers and can now be assigned to the taxi squad or minor leagues.

April 4: A pair of depth forwards hit the waiver wire today, added by a couple of competing West Division contenders no less. Sportsnet’s Elliotte Friedman reports that the Minnesota Wild’s Luke Johnson and the St. Louis Blues’ Jacob de La Rose have been waived. Edmonton’s Joakim Nygard, the only player on waivers on Saturday, has cleared.

Johnson, 26, cleared waivers early this season, but his most recent outing with Minnesota marked the ten-game limit that necessitated another go-round. The former Chicago Blackhawks prospect, now in his second season with the Wild, is unlikely to be claimed. Johnson has one point in 28 career NHL games and has yet to record a point with Minnesota in two years. While his minor league production has previously been impressive, he has only played in two games with AHL Iowa this season, spending most of his time on the Minnesota taxi squad. And that is where Johnson is likely to remain for much of the remainder of this season.

De La Rose, 25, could be more of a risk, albeit is still unlikely to be claimed. The 2013 second-round pick of the Montreal Canadiens was claimed the very first time he was waived, snagged by the Detroit Red Wings back in 2018. Detroit then traded de La Rose to the Blues early last season in a one-for-one deal to land Robby Fabbri, a swap that has worked out nicely for the Red Wings. In St. Louis, de La Rose has failed to make much of an impact and has been slowed by injuries as well. While his offensive game has never reached his draft expectations, de La Rose’s physical contributions have also slipped this year, leading to a career-low in ice time. For the Blues, it likely no longer made sense to reserve an active roster spot for the Swedish forward. Whether another team sees enough ice time to make a claim remains to be seen, but it would not be a major loss for St. Louis if it does happen.

Latest On Vancouver Canucks COVID Situation

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The Vancouver Canucks had 14 players on the COVID Protocol Related Absences list yesterday, but the positive tests won’t end there. Darren Dreger of TSN tweets that there are now more than 20 combined players and coaches that have tested positive. Emily Kaplan of ESPN reports that “more than half” of the Canucks’ players have tested positive and some are in “rough shape.” There is some dispute to the exact number though, as Ben Kuzma of the Vancouver Province tweets that the number of positive cases is actually under 20.

Despite whether or not the number is above or below 20, things are certainly not going well for the Canucks. The team is still technically scheduled to play on Thursday against the Calgary Flames, but that game (and the one on April 10) are unlikely to be played. Elliotte Friedman of Sportsnet even spoke last night about a remote possibility that the Canucks don’t play again this season, though that is a worst-case scenario.

Because of this and other situations, the NHL is discussing another playoff bubble according to Friedman. It is “not what anybody wants” according to the Sportsnet insider, but the league is still preparing contingencies.

The COVID protocol list will be updated later this evening and several new names are expected to be added to the Canucks list.

Evgeny Svechnikov Clears Waivers

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Saturday: Svechnikov has cleared waivers, Friedman reports.

Friday: According to Elliotte Friedman of Sportsnet, the Detroit Red Wings have placed Evgeny Svechnikov on waivers for the second time this season after the young forward cleared in early January. Now that he has played 10 games for the Red Wings this season, he needed to clear waivers again to be assigned to the taxi squad or minor leagues.

Svechnikov, 24, has never developed into the top-six power forward that Detroit hoped for when they selected him 19th overall in 2015. His younger brother Andrei Svechnikov has reached those heights in Carolina, but the Red Wings forward has instead toiled at the minor league level for almost all of his professional career. In 30 NHL games, Svechnikov has nine points, five of those coming this season. Even in the minor leagues though things haven’t gone smoothly, with Svechnikov only recording 60 points in 112 AHL games since the start of 2017-18.

Of course, part of the reason why that number is so low is the entire season he missed in 2018-19 after suffering a major knee injury. While that can’t be completely blamed for his stalled development, it certainly didn’t help things.

There have been flashes of potential this season, but Svechnikov doesn’t appear to really be in the long-term plans for the Red Wings. His one-year contract will expire at the end of this season and leaves him a restricted free agent again. Should a team want to claim him now, he’d have to remain on their NHL roster until clearing waivers in the future.

Three Players Clear Waivers

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April 2: All three players have cleared waivers and can be assigned to their respective taxi squads or minor league teams.

April 1: The waiver wire has some interesting names on it today, as Elliotte Friedman of Sportsnet reports that Tyler Ennis of the Edmonton Oilers, Nikita Gusev of the New Jersey Devils, and Matt Luff of the Los Angeles Kings have all been placed on waivers. The trio of forwards are available for claim by the rest of the league.

Gusev’s name will stand out among the group, given how recently he was considered an up-and-coming name in the NHL. The 28-year-old made a splashy debut for the Devils last season, scoring 44 points in 66 games after signing a two-year, $9MM deal. The Devils only had his rights in the first place after trading second and third-round picks to the Vegas Golden Knights, a deal they might want to reverse if they had the chance.

In 20 games this season, Gusev has just five points and has received 16 or more minutes of ice time just twice. Since the beginning of March he has registered just one point and played a season-low 8:41 just a few games ago. With his $4.5MM cap hit that just isn’t cutting it, meaning the end to his Devils career might be coming quickly. Gusev is an unrestricted free agent at the end of the season and the team has several top forward prospects pushing for roster spots. One of them, the recently-signed Tyce Thompson, joined practice today for the first time. While it seems very unlikely that Gusev will be claimed, perhaps a deal could be made with a team should the Devils be willing to eat some of his cap hit. Clearing waivers would make him a more desirable trade asset, since he will be able to be placed on the taxi squad.

Ennis has been here before, clearing waivers in January for the Oilers. The undersized forward is a useful player, but one that can only fit certain roles. For Edmonton, room was needed on the active roster and under the salary cap to add Alex Stalock, who will serve as additional goalie depth down the stretch. Given Ennis has already cleared once, the chance of claim this time around remains low.

Luff started the year on injured reserve and has played just 11 games for the Kings, but doesn’t represent much offensive upside anyway. The 23-year-old winger went undrafted and has made it to the NHL after grinding it out in the minor leagues, but has just one point this season. His contract is a two-way deal worth $700K, which means he might actually draw the most interest on the wire, but just like most of the other skaters this season is more likely to clear and be assigned to the taxi squad.

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