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Salary Cap Deep Dive: Vegas Golden Knights

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Navigating the salary cap is one of the more important tasks for any GM. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2019-20 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.

Vegas Golden Knights

Current Cap Hit: $80,474,999 (under the $81.5MM Upper Limit)

Entry-Level Contracts

D Zach Whitecloud (one year, $925K)
F Cody Glass (three years, $863K)
D Nicolas Hague (three years, $791K)

Potential Bonuses:

Whitecloud: $850K
Glass: $850K
Hague: $133K

While there is no guarantee that any of these three will be on the roster when the season begins, all three are expected to see time with the Golden Knights this season and could find themselves with significant roles depending on how things shake out. Glass, the team’s biggest prospect, is finally turning pro and while the organization has said in the past that Glass needs a full year of AHL work, he may have proved himself after his junior season ended last year. The sixth-overall pick from the 2017 draft, tallied five points in six AHL regualar season games, but was also one of the team’s top players throughout the AHL playoffs as he helped lead the team to the Calder Cup Finals. He tallied seven goals and 15 points in 22 playoff games. That play suggests that he might be ready and will compete for an immediate chance on the team’s third line.

Hague and Whitecloud are expected to challenge for a spot on one of the open spots in Vegas’ defense. Both players had impressive seasons with the Chicago Wolves last season and might be ready to make an impact. The 20-year-old Hague scored 13 goals in his rookie campaign, while the defensive Whitecloud showed off some offensive potential in his first full season in the AHL.

One Year Remaining, Non-Entry-Level

F Cody Eakin ($3.85MM, UFA)
F Ryan Reaves ($2.78MM, UFA)
D Nick Holden ($2.2MM, UFA)
D Jonathon Merrill ($1.38MM, UFA)
F Tomas Nosek ($1MM, UFA)
G Malcolm Subban ($850K, RFA)
G Garret Sparks ($750K, RFA)
F Curtis McKenzie ($750K, UFA)
F William Carrier ($725K, RFA)
D Deryk Engelland ($700K, UFA)
F Valentin Zykov ($675K, RFA)

With their cap room extremely tight, there remains a legitimate possibility that the team may still make a trade and if that does happen, the player is likely to come from this list of players. Eakin, Reaves and Holden are not likely to return in a year and could be trade bait. Eakin is coming off a career-best season with 22 goals and 41 points, but assuming the team is healthier this year, will likely settle into a third-line center role this year unless Glass beats him out. However, with Eakin’s value at its highest, the team might be able to get the best return if they move him and his $3.85MM contract.

Reaves has become a fan favorite in Vegas, giving the team highlight reel hits and become a popular locker room presence. He also posted 305 hits for the Golden Knights. However, Reaves makes quite a bit of money for a player who produced nine goals and 20 points last season. With some young fourth-line players closing in on potentially replacing him, the team could find a taker in Reaves and his $2.78MM deal.

The team has been impressed with the development with Merrill, who was initially only looked at as an emergency defenseman, but really took that next step last season and has earned himself a full-time role with the possibility of even earning top-four minutes next season. Holden would be another option for the team free up cap room as the team signed him last summer to a two-year deal, but the veteran struggled to get consistent playing time and is on the outside looking in. The team might hope it can send Holden to a defense-needy team, but may be forced to bury him in the AHL if he can’t prove he belongs on the Golden Knights roster and with Engelland likely taking a lesser role at the bottom of the defense next season, it might be hard to win a spot.

The Golden Knights also have an interesting battle in net for the backup goalie spot after acquiring Sparks during the offseason from Toronto. While Subban is the likely candidate to keep the position, Sparks could provide some much needed depth in goal for the future if the Golden Knights managed to hold onto him. Sparks was a top prospect goaltender just a season ago, but struggled in his first full season in Toronto. However, the Golden Knights hope he can bounce back quickly.

Two Years Remaining

F Paul Stastny ($6.5MM, UFA)
F Brandon Pirri ($775K, UFA)

The team has been set up to provide a number of short-term deals at higher cost and Stastny is one of those who signed a three-year deal at a high AAV. Injuries limited the veteran to just 50 games last season, but when he played, he provided excellent playmaking on the team’s second line, scoring 13 goals and 42 points. If the 33-year-old can stay healthy this season, he could center one of the strongest lines in the league as he is one of the best playmakers who historically makes his line mates even better.

Pirri is an interesting addition. The 28-year-old showed off his scoring touch after being called up midway through the season. In just 31 games, he tallied 12 goals and 18 points, including a string of goals. Most expected the UFA to find a team that could offer him more playing time this summer. Instead he opted to remain and may get that playing time after the team decided to move KHL star Nikita Gusev to New Jersey this summer. Gusev had been penciled into the third line which now could fall to Pirri, who the team hopes can continue his scoring ways.

Three Years Remaining

G Marc-Andre Fleury ($7MM, UFA)
F Reilly Smith ($5MM, UFA)
D Brayden McNabb ($2.5MM, UFA)

While Fleury has been a stud since arriving from Pittsburgh in the expansion draft, the veteran goaltender is now 34 years old and has three years remaining on his deal. The Golden Knights have to hope that Fleury can continue playing at a high level for that time as they do not have a suitable replacement in the system at all yet and could find themselves in trouble in a few years if they can’t find a suitable player to step in and help take the burden from the netminder. With little faith early in the season in Subban, Fleury played in 61 regular-season games last season, his highest total since 2014-15. Subban did improve somewhat and played better in the second half, but it’s likely that Fleury will take on another significant load this season as well.

While 53 points may not be the type of numbers the team was hoping for from Smith, the Golden Knights know that Smith has proven to be a valuable commodity who is a key on the team’s penalty kill and is an excellent playmaker, especially when playing with the top line. McNabb has also been a key player under a cap-friendly deal who is playing solid minutes in the top-four, while providing excellent defense along with 200 hits last year.

Four Or More Years Remaining

F Mark Stone ($9.5MM through 2026-27)
F Max Pacioretty ($7MM through 2022-23)
D Nate Schmidt ($5.95MM through 2025-26)
F William Karlsson ($5.9MM through 2026-27)
D Shea Theodore ($5.2MM through 2025-26)
F Jon Marchessault ($5MM through 2023-24)
F Alex Tuch ($4.75MM through 2025-26)

It’s hard to believe, but after just two years, the team has its core in tact and locked up for a long time and should be Stanley Cup contenders for the next few years. Stone’s value has only increased in the last year as he completed the team’s quest to have two dominant lines. While the Golden Knights could alter their lines this season, Stone is expected to be a big piece and eventually the face of the franchise in Vegas after being acquired from Ottawa at the trade deadline and then signing a eight-year extension immediately after the trade and at $9.5MM, he may prove a bargain as the 28-year-old posted 33 goals and 73 points during the regular season, but really took off in the playoffs, putting up six goals and 12 points in seven playoff games.

While all the long-term deals look solid, if there is one to scrutinize even closer, it’s the four-year extension that Vegas signed Pacioretty to a year ago. That extension is kicking in this year, but the 30-year-old didn’t bounce back to his 30-goal ways that he had in Montreal in previous seasons. Pacioretty, who scored 30 goals five times in six straight years in Montreal, scored just 22 goals and 40 points in his first year in Vegas, but the team hopes they can get more out of him this year. He did show off more offense in the playoffs as well as he tallied five goals and 11 points in seven games.

The Golden Knights finally locked up Karlsson to a long-term deal, something both sides were hoping for and getting the forward to sign for under $6MM is impressive for the franchise. While the 24-year-old Karlsson saw his goal totals drop from 43 to 24 last season, a drop off was expected and the team believes that with two impressive lines, Karlsson should get more chances to score with less pressure from just top-line defenders.

Schmidt and Theodore should continue to develop and provide top-four defense for many years to come. Theodore in particular is only 24 years old and could break out and develop into a dominant defenseman in the next few years. Tuch took a solid step in his development, scoring 20 goals and 52 points in his second year and if the 23-year-old keeps improving, could be quite the bargain under $5MM in the future.

Buyouts

None

Retained Salary Transactions

F Tomas Tatar ($500K through 2020-21)

Salary Cap Recapture

None

Still To Sign

D Jimmy Schuldt (RFA)

The team might have to free up just a little extra to finally get Schuldt locked up for a number of years, but the top collegiate free-agent this offseason opted to sign with Vegas and could begin his career immediately. With attention from 29 of the 31 teams, many believe that Schuldt will get every opportunity to win a spot on the Golden Knights’ defense and could make his impact right away. After four years at St. Cloud State, he still will have to prove that he can beat out Whitecloud and Hague, but once the RFA signs, he could end up being a big piece to the team’s defensive outlook.

Best Value: Karlsson
Worst Value: Pacioretty

Looking Ahead

The Golden Knights general manager combo of George McPhee and Brad McCrimmon have done an amazing job of putting a team together quickly that is ready to compete immediately and have a chance to compete for many years. At the moment, the team has done a good job of locking up its core and while the team is right up against the cap, it does have a number of players making quite a bit of money while on short-term deals, which could allow the team to continue to upgrade to the team after those deals expire. Throw in a number of younger players who are getting closer and closer to being able to contribute, the team should be in solid shape for quite a while.

Photo courtesy of USA Today Sports Images.

Pacific Notes: Coyotes Defense, Carter, Flames, Lucic

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The Arizona Coyotes have one of the highest payrolls among defensemen, the second highest in the league at $29.54MM. Yet despite their success defensively, the blueline’s offensive production just isn’t there. The Coyotes defensemen had the seventh-worst goal production in the league and were fourth-worst in points.

The Coyotes hope that much of the defense’s struggles can be accounted by the massive amount of injuries the team suffered throughout the year and while many of those injuries came from the forwards, the changes in personnel definitely had a part to play in the team’s struggles to score goals. The team also were without defenseman Jason Demers for all but 35 games last season and lost Jakob Chychrun for 29 games as well, according to The Athletic’s Craig Morgan (subscription required).

“We played defensive and there were so many injuries that we were forced to, but for the most part during the season, we directed the pace of the game and the scoring chances,” said Demers. “It’s just that once you get behind the eight ball and it has been 20, 30 games of not scoring, you tense up a little bit and you might force things you wouldn’t normally force or look for the perfect play when the perfect play is just getting it to the net.”

The team hopes that new assistant coach Phil Housley can help out and get the defense to start producing some offense, his forte when he was a player. The hope is that with a healthy blueline, the team should be able to take that next step.

  • The Fourth Period’s David Pagnotta appeared on NHL Tonight recently and stated that the Los Angeles Kings have tried to be active on the trade market, reporting that the Kings were talking to the Arizona Coyotes before the draft about potentially sending Jeff Carter there. Of course that was before Arizona turned around and traded for Pittsburgh’s Phil Kessel instead. However, trading off Carter may have been more of a challenge as the 34-year-old who scored just 13 goals and 33 points last season still has three years at $5.27MM AAV and obviously was no where near as productive as Kessel who finished last season with 82 points.
  • NBC Sports’ James O’Brien writes that despite moving James Neal Friday, the team’s salary cap situation hasn’t improved much at all. In fact, the Flames saved just $500K after they traded Neal for Milan Lucic, which will require Calgary to make more moves this summer. The team has just $9.97MM in cap space and still have to sign several restricted free agents, including Matthew Tkachuk, Sam Bennett, David Rittich and Andrew Mangiapane.
  • Edmonton Journal’s Jim Matheson writes that another victory in the Edmonton Oilers of Lucic to the Calgary Flames for Neal is that Neal doesn’t have a no-trade clause and will not have to be protected in two years for the Seattle expansion draft. However, the Calgary Flames do have to worry about the fact that Lucic has a no-movement clause and will have to be protected, which could be a major issue in two years unless they can convince him to waive that clause for the expansion draft.

Central Notes: Strome, Fabbro, Fiala, Schenn, Pietrangelo

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It might be tough for Dylan Strome to duplicate his performance with the Chicago Blackhawks this season. The under-performing center found his game once he was traded to Chicago and posted 51 points in 58 games. However, Strome could be in line for another breakout season as the Blackhawks have concentrated their focus of Strome’s offseason workouts on strengthening his lower-body, which the team feels is his biggest weakness, according to Ben Pope of the Chicago Sun-Times.

Because the 6-foot-3 Strome uses a short stick which forces him to play leaning slightly forward. The down side to him doing that is that his vision is limited as his head is leaning downwards towards the ice. The team’s plan is to develop his lower-body and core, so he can play more upright and increase his vision.

“He has all the potential to be able to do exactly what he wants to do,” said Paul Goodman, the Hawks’ strength and conditioning coach. “But physically, [he’s] just going through a maturation process and understanding how his body can actually be pushed further and also be able to translate into better speed, better power, better change of direction, better vision.”

  • Of course it’s still quite early to decide who any team might be losing to Seattle in the upcoming expansion draft in 2021, The Athletic’s Adam Vingan (subscription required) writes that quite a bit has already changed for the Nashville Predators as the team now must protect defenseman Dante Fabbro, which complicates matters for the team. Nashville was hoping to only have to protect Roman Josi (with the assumption that he re-signs with Nashville), Ryan Ellis and Mattias Ekholm. That would have allowed the team to protect seven forwards. Instead, the team will be forced to protect Fabbro and will only be able to protect four forwards instead, thereby exposing an extra three forwards to Seattle.
  • The Athletic’s Michael Russo (subscription required) writes that with the recent signing of Ryan Donato to a two-year deal at $1.9MM, the Minnesota Wild’s top priority is to ink restricted free agent Kevin Fiala now. While Donato opted to sign a two-year bridge deal to prove his value to the franchise, Russo believes that with general manager Paul Fenton’s familiarity with Fiala, the GM might consider trying to lock up Fiala to a much longer deal and hope to get a bargain out of him down the road. Evolving Hockey’s contract projections suggest that it would cost Minnesota about $4.97 AAV to lock him up for five years, but is the team willing to gamble on him is the real question.
  • The St. Louis Blues have had a relatively quiet offseason this summer, but that could change next season as the team has two key players who will be unrestricted free agents next season, including center Brayden Schenn and defenseman Alex Pietrangelo. Both are critical to the team, but St. Louis Post-Dispatch’s Tom Timmermann writes that keeping both will be challenging as they are both still quite young and should garner quite a bit of attention on the open market next summer unless general manager Doug Armstrong can find a way to lock them up early.

Ron Francis Officially Named GM Of Seattle Expansion Team

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The Seattle expansion team has officially announced the hiring of their first ever general manager. Ron Francis, legendary NHL player and former Carolina Hurricanes GM has been hired for the job. The team released an exhaustive history of Francis’ hockey career, explaining exactly why they chose him and including several quotes from other executives around the league. One from Mike Vellucci, who was an assistant GM during Francis’ tenure in Carolina, explains how he’ll build the Seattle team:

Ron is an intelligent manager who knows the kind of players he wants. He will draft and acquire players with a high-hockey IQ who understand how to play together, think a couple plays ahead and know the right way to play the game. He looks for players with high-level skills, such as skating, puck protection and stick-handling.

Though he left the Hurricanes before they experienced so much success last season, his fingerprints are still all over the roster. Most notably perhaps was his selection of Sebastian Aho in the second round of the 2015 draft, a player that currently sits fifth in scoring among that draft class behind only Connor McDavid, Jack Eichel, Mitch Marner and Mikko Rantanen.

Francis will need to find some steals like that if he wants the Seattle team to be competitive quickly. Though they will have the same rules for the expansion draft that Vegas took advantage of, teams will likely be much more prepared this time around. An advantage he will have however is the almost two full years of preparation he now has, as the Seattle front office including CEO Tod Leiweke have committed to a GM earlier than any other expansion team. Francis will have a say in the training facilities for both the NHL team and the proposed AHL affiliate in Palm Springs, building the entire player development department from the ground up.

Still, it will be a tough task for Seattle to follow in the incredible footsteps of the Golden Knights and GM George McPhee. Reaching the Stanley Cup Final in their inaugural season should not be an expectation, and likely isn’t even a goal of this group. Francis’ plan in Carolina included a slow build through the draft given the team’s limited resources, and even with an increase in those it seems as though he’ll follow a similar path.

The Seattle team—which still does not have a name as of now—will begin play in the 2021-22 season.

Seattle Expected To Name Ron Francis As GM

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9:00pm: The Seattle Times’ Geoff Baker relays word from multiple sources that Francis will be hired and an announcement is expected this week. Baker adds that Francis will be given a multi-year contract “described as midrange in terms of other NHL GMs.” He also believes that Francis will be given full say on the hiring of the coaching staff and front office staff and may even have input on the team’s naming decision.

8:30pm: Many expected the Seattle expansion group to name their general manager this summer, with less than two years to go before the 2021 Expansion Draft. A large assortment of names have been in consideration for the position over the past year or so. In fact, the job seemed destined to go to now-Edmonton Oilers head coach Dave Tippett at one point. The new leading candidate? Former Carolina Hurricanes GM Ron Francis. Sportsnet’s Elliotte Friedman writes that Seattle is closing in on selecting Francis as their inaugural GM and feels that an announcement could becoming within days. The team has not confirmed the rumor at this time.

Francis, of course, was a Hall of Fame player who won two Stanley Cups and was a four-time All-Star in 23 NHL seasons with the Hartford Whalers/Carolina Hurricanes and Pittsburgh Penguins. Francis, an elite defensive forward and skilled play-maker, averaged better than a point-per-game on average over a whopping 1731 career games, including three 100+ point seasons. After retiring in 2004, Francis transitioned into a front office role with the Hurricanes in 2006 and eventually worked his way up to GM in 2014, a role he served in until he was fired last summer.

During his tenure in Carolina, Francis was criticized for making too few impact trades, bringing in hardly any impact players due to what many perceived to be a an over-hesitation to take a risk. Francis also showed similar hesitation on the free agent market and failed to improve his team externally, as the Hurricanes did not make the playoffs during his time as GM. However, the team is now reaping the benefits of his ability to draft and develop, as evidenced by a largely young and homegrown group making a run to the Eastern Conference Final this season. If the Seattle group is focused on Francis, it is likely that they value his ability to find value in the draft and to build a strong pipeline, a key factor for any upstart expansion franchise. Francis may also fare differently in adding talent, via expansion draft, trade, or free agency, with a clean slate, comfortable funding, and substantial leverage over his competitors, many of whom will look to swing deals to protect their assets in the expansion draft process.

Francis’ understanding of the game from his stellar playing career and his experience in the GM role make him a strong candidate for the Seattle position. How it all works out though, should he be the final selection, will be determined by how he handles the tricky situation of the expansion draft, and relevant trades, and his first entry draft and free agency in 2021.

Greg Johnson Passes Away At 48

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Former NHLer Greg Johnson passed away on Monday at the far too young age of 48. USA Today’s Kevin Allen relays the news today from Johnson’s friend and former agent Tom Laidlaw, who says Johnson died at his home near Detroit, Michigan. No cause of death was provided, but Johnson was forced to retire early in 2006 due to an irregular heartbeat, making the cardiac ailment the likely cause.

Johnson played 785 games in the NHL, but will be remembered most for the 502 spent with the Nashville Predators. An inaugural member of the 1998 expansion Predators, Johnson led the team in points per game in its first year of existence with a career-best 50 points in 68 games. He would go on to captain the team for the final four years of his career as well. Laidlaw recalls that Johnson cherished his role with Nashville and took less money to stay with the Predators, while former teammate Chris Mason says that Johnson was “a big part of establishing the identity of the franchise.”

Johnson was also well known for being both the captain and star forward of the University of North Dakota in the early 90’s. He had been drafted by the Philadelphia Flyers in the second round in 1989 after a near-100 point season in the USHL and quickly proved he was the real deal, recording 272 points in 155 games in his NCAA career. Johnson broke into the NHL with the Detroit Red Wings and also spent time with the Pittsburgh Penguins and Chicago Blackhawks. He accumulated 224 in 785 games in his NHL career and became known for his two-way play and work ethic.

Most importantly though, Johnson is remembered as a great teammate. Allen writes that Johnson was a soft-spoken and caring type of captain, who prioritized taking care of his team. Mason calls Johnson “one of the nicest guys I’ve ever met” and “the kind of guy that Predators wanted their other players to be like on or off the ice.” The Predators themselves released a statement calling their former captain ” a consummate professional and terrific teammate who was an integral part of our community and in developing the Predators culture that we experience today.”

Everyone at PHR wishes the best for the family and friends of Johnson at this time.

Seattle Ownership Group Proposes AHL Expansion Team In Palm Springs

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It seems one major arena construction project isn’t enough for the ownership group of the future Seattle NHL franchise. A report out of NBC Palm Springs in California states that the group has submitted a bid and $5MM application fee, along with their partners, the Oak View Group, to the AHL for an expansion franchise in the city. The Palm Springs team would be the 32nd member of the AHL, like Seattle will be to the NHL, and would have their arena ready for a 2021-22 debut, just like their parent club.

According to NBC, the Oak View Group is one of several partners working to bring a state-of-the-art arena complex to Palm Springs. The main draw will be the 10,000-seat arena, which the Seattle group hopes to call home for their AHL affiliate. It will also play host to a number of musical performances through partner Live Nation. Additionally, the complex will also have an attached convention hall, as well as a proposed training facility for the Palm Springs team.

An entirely privately-funded venture that requires no action from taxpayers, nor the NHL or AHL, the facility is likely to be completed, regardless of the decision. However, it seems to be an easy call for the AHL, who would otherwise be outnumbered by NHL teams once Seattle enters the league. With several other teams in California as is – San Diego, Ontario, Bakersfield, San Jose, and Stockton – the geography also makes sense. Assuming the bid outlines a sound plan and proper financial backing for the arena, it seems likely that Palm Springs will have its first pro hockey team come 2021.

Free Agency Notes: Edler, Hayes, Pavelski, Krug

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When Alex Edler asked Vancouver not to move him at the NHL Trade Deadline, many assumed it was precursor to an extension between the long-time Canuck and his team. Yet, as the weeks have passed and no resolution has emerged, that expectation grew less and less certain. Now, after a month or so of reports that term and expansion protection were coming between the two sides, it seems the deal is dead and Edler will hit the open market. Sportsnet’s Rick Dhaliwal reports that it does not sound like the Canucks and Edler will get a deal done by July 1st. This does not entirely rule out a return to Vancouver, but it will be substantially harder to convince him to come back after he’s tested the waters and likely found teams willing to give him the desired term and No-Movement Clause. This especially rings true today, as Erik Karlsson’s extension leaves a thin defense market even weaker and D-needy teams will have little choice but to meet the demands of Edler and fellow top free agents like Jake Gardiner and Tyler Myers. It would not be surprise to now see Vancouver make a hard push for one of those two as well, as they seek an upgrade on the blue line but were not willing to give the 33-year-old Edler a long-term deal or risk losing young players to protect an aging veteran in the 2021 NHL Expansion Draft.

  • It’s been a roller coaster of reports on Kevin Hayes since the moment his negotiating rights were acquired by the Philadelphia Flyers from the Winnipeg Jets. The Flyers obviously became the favorite to sign the free agent center given their early access, but there have since been reports followed by other conflicting reports about how talks have been going between the two sides. Finally, trusted Flyers source Frank Seravalli of TSN has chimed in and he has only good news for Philly fans. Seravalli reports that the two sides have made good progress and that talks are trending toward a contract. He stops short of guaranteeing a deal gets done, but believes that it will. This would remove yet another major name from the free agent market, following Karlsson, Jeff Skinner, and Jordan Eberle. And like those three, reports of a deal being close have so far been proven true this off-season.
  • The sheer magnitude of Karlsson’s new contract with the Sharks has surprised many and has reinforced the narrative that San Jose will have to lose other key free agents to re-sign the talented defenseman. While he wouldn’t speak specifically about talks with those players, GM Doug Wilson did warn not to make assumptions when asked about Joe Pavelski, per The Athletic’s Kevin Kurz. Wilson says that nothing has been ruled out, making a Pavelski return a possibility. He also spoke to the importance of getting Karlsson under contract “well before July 1st”, specifically so that the team can plan around their new salary cap paradigm. It still remains a long-shot barring trades to remove salary from the current roster, but until Pavelski, a career Shark, puts pen to paper elsewhere, he remains a possibility for San Jose.
  • Boston defenseman Torey Krug will not be a free agent until next summer, but he has already proven that he is worth a significant raise in his next contract. The Bruins’ power play magician is fifth among all NHL defensemen in regular season scoring over the past three years and second only to Erik Karlsson in playoff scoring. Karlsson’s new extension, along with the contracts of players like John Carlson and Victor Hedman, raise the bar for what Krug might be looking for in his next deal. Even though he has some struggles defensively, it is fair to assume that his current $5.25MM cap hit will not cut it. This leaves the Bruins in a difficult spot, as they must first re-sign elite young defensemen Charlie McAvoy and Brandon Carlo this summer. Those moves will leave Boston with little cap space this off-season and not much more the following year when Krug needs a new contract. Yet, speaking with the media today, GM Don Sweeney made it clear that his intent is not to trade the mobile defender, nor to let him leave after next season:

If somebody blew us away (with a trade offer for Krug), every player has to be looked at in that way. When you’re an organization, you just have to, you’re doing a disservice if you don’t. But it would take a pretty unique opportunity for us to part with Torey. We think he’s a big part of the fabric of our group. He’s kind of that next wave of leadership that we talk about.

Canucks Notes: Free Agency Targets, Edler, Eriksson

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Vancouver GM Jim Benning continues to be honest and open with the media this off-season about the direction of the team and his plans moving forward. In a media session yesterday, the veteran executive spoke on a number of topics, including the positions he will try to fill in free agency. Per NHL.com’s Kevin Woodley, Benning was happy to reveal who he may target:

Going forward now, if we are going to add through free agency, we want to try to add top-four defensemen or top-six forwards, so I think our needs in that way have changed. I haven’t been shy about stating that we would like to improve our defense. There are different avenues to try to do that, so we’re looking at all those avenues.

The “change” that Benning is referring to is in contrast to last off-season, when the Canucks spent on bottom-six depth in free agency, targeting Jay Beagle, Antoine Roussel, and Tim Schaller. This year, the names that the team will seek will be more high-profile. Up front, Vancouver has already been linked to Marcus Johansson, while British Columbia-native Brett Connolly will also likely be in consideration. On the back end, Jake Gardiner is known to be a free agent target, although Benning’s comments make it seem as though the Canucks could also scour the trade market for a top-four defenseman as well. One way or another, it seems this summer will be more exciting than the last for Vancouver.

  • That “top-four target” could also come internally, as Benning acknowledges that the team is still working through contract talks with long-time stalwart Alex Edler. Edler is an impending free agent and asked not to be traded at the trade deadline this past season in hopes of an extension with Vancouver. Months later, a deal has not yet been signed. It appears that term and trade protection appear to be the sticking points, especially as the 2021 NHL Expansion Draft looms. Edler would like protection from a possible Seattle selection, but Benning and the Canucks would rather use one of their limited slots on a key young piece. Sportsnet’s Iain MacIntyre relays some honest words from Benning on the subject:

I think it’s fair to say we don’t have the appetite to do that. We had to do that last time with Daniel and Henrik Sedin. But we’re going to have some good young players that we need to protect or we’ll lose them.

  • Edler could be gone if talks don’t improve, and so could another veteran, Loui Eriksson. Benning spoke to Eriksson’s comments to a Swedish newspaper earlier this off-season, when he stated that he did not trust or get along with head coach Travis Green. Benning said that he has plans to talk with Eriksson soon, but that those comments are a true cause for concern and a trade could be a real possibility. This isn’t the first we’ve heard of Eriksson trade rumors, with many linking him to the Edmonton Oilers and former head coach Dave Tippett in a possible swap for fellow expensive and under-performing forward Milan Lucic. However, Benning’s comments would imply that a trade could happen even if it isn’t with Edmonton. The team may have trouble finding a taker for the remaining three years and $6MM AAV on Eriksson’s contract, but if it’s a matter of team chemistry, the team may have to do whatever it takes to move the seasoned winger.

Snapshots: Eriksson-Lucic, Markov, NWHL

at CDT | by 6 Comments

The rumor that just won’t go away early this off-season is a potential swap between Western Canada rivals Vancouver and Edmonton of Loui Eriksson for Milan Lucic. Originally thought to just be a hypothetical deal – one that readers were split over – it turns out that the possible exchange of bad contracts has actually been discussed. TSN’s Jason Gregor reports that sources within the Canucks organization say that GM Jim Benning and company did actually sit down with the Oilers to discuss a trade centered around the two former Boston Bruins. However, Gregor notes that these talks took place in April and May and does not specify whether new Edmonton GM Ken Holland has been involved in any of those discussions. On paper, there is a discrepancy between the term and contract structure of Lucic and Eriksson, making Eriksson the lesser of two bad contracts. Yet, Lucic has been slightly more productive and brings a consistent physical edge. Eriksson arguably has the higher ceiling though, if he is able to stay healthy. Any deal between the two sides would likely have to provide an additional benefit to the Canucks, beyond just bringing home the Vancouver native Lucic, likely in the form of a pick or prospect. But the idea that the two sides have actually had talks about a trade takes this rumor from a convenient hypothetical talking point to an actual trade that could, and may even be likely, to go down this summer.

  • A rumor that did go away has surprisingly resurfaced. TSN’s Andrew Zadarnowski reports that former Montreal Canadiens defenseman Andrei Markov is drawing considerable attention on the open market. Markov, 40, is a free agent after his two-year deal with the KHL’s Ak Bars Kazan expired and he is considering all of his options. No sooner did Markov leave for the KHL than did word get out that he was eyeing an NHL return, but nothing came of it. Now, Zadarnowski states that he has already received three NHL offers, as well as a KHL offer, while Kazan has publicly stated that they would be open to re-signing the veteran leader. The NHL interest may come as a surprise, but Markov has stayed productive even in his older age, recording 47 points over two seasons in the KHL and 36 points in 62 games in his final season with Montreal in 2016-17. Surely no team in North America is willing to offer Markov a multi-year deal at age 40, but a one-year flier may work out well in the right situation.
  • “Unless there is a change of heart soon”, don’t count on women’s professional hockey in Canada in 2019-20. After the Canadian Women’s Hockey League folded earlier this spring, the National Women’s Hockey League announced a planed expansion into the Canadian market with teams in Toronto and Montreal. However, with 200 of the game’s best female players on strike, the Associated Press reports that the NWHL is likely to hold off on expansion talks until next year. The league will continue operating with five American teams and will keep working toward a resolution that is best for the game of women’s hockey.

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