Latest On Torey Krug’s Pending Free Agency
It’s hard to know just how many more games Torey Krug will play for the Boston Bruins. He’ll be there when the team plays their round-robin against the other top teams in the Eastern Conference to determine playoffs seeding. He’ll be there in that first-round matchup with whoever comes out of the qualification games. But after that, there’s no guarantee he ever suits up for the black-and-gold again. Krug’s contract will expire at the end of the season and with a salary cap that will stay exactly where it is, re-signing him might be a challenge for the Bruins.
Krug understands those challenges and when he spoke with reporters yesterday including Fluto Shinzawa of The Athletic (subscription required) he explained that he doesn’t know any more than the fans who want to keep him:
I don’t really know what’s going to happen. I’m just trying to take it day by day and worry about the playoffs right now. I’ll have to probably prepare for free agency. Then we’ll see what happens there. In terms of what’s going on with the Bruins and everything else, that’s probably a question for someone else.
There’s no doubt that Krug would love to stay in Boston, he has expressed that multiple times in the past. But as he heads into free agency as one of the best available defensemen—perhaps the best if Alex Pietrangelo re-signs with the St. Louis Blues—preparing is the only prudent option.
The Bruins do have some room to play with when it comes to next year’s salary cap. They currently have just over $63.5MM committed to 18 roster players (and David Backes‘ retained $1.5MM), but there are some other contracts needing fresh ink. Jake DeBrusk is one of the team’s restricted free agents that will need a new deal, plus captain Zdeno Chara if he wants to play another year.
There is also the question of what will happen in net beyond 2020-21, when Tuukka Rask and Jaroslav Halak are both scheduled to become unrestricted free agents and will be in their mid-thirties. The Bruins have some promising young goaltending prospects, but will they be ready to take on a large role and save the team some money?
Players on expiring contracts will become free agents on the later of October 9th or seven days after the Stanley Cup is awarded. That doesn’t leave a ton of time to get an extension in place if the two sides don’t negotiate during the playoffs. Still, losing Krug would be a hefty blow even with some young players pushing for more playing time.
The 29-year old has now recorded seven consecutive seasons with at least 39 points, an impressive accomplishment in a league that has such turnover among point-producing defensemen. He’s been a constant on the Bruins powerplay during that entire stretch, tallying 136 of his 270 total assists with the man-advantage. It’s the playoffs though where he has perhaps been even more impressive, recording 46 points in 62 career games. He even led the field with 16 assists during last year’s Stanley Cup Finals run.
Krug will get at least a few more games to prove he can do it again for the Bruins in the playoffs. But beyond that, nothing is clear.
Minor Transactions: 07/09/20
The NHL off-season may not be starting until October this year, but AHL free agency is alive and well. While the league has not yet shared their plans for the 2020-21 season, that hasn’t stopped teams from extending players, signing new ones, and even importing players from overseas. Here are some recent notable minor league deals:
- Defenseman Keaton Middleton has signed a one-year deal with the Colorado Eagles, the team announced, but the Avalanche and GM Joe Sakic definitely had a hand in this signing. A former captain of the Saginaw Spirit and OHL All-Star, Middleton has the makings of a future NHLer. At 6’5” and 234 lbs., Middleton is a true shutdown defenseman who plays a strong defensive game. His size and strength earned him a fourth-round selection by the Toronto Maple Leafs in 2016, but the club opted not to sign him. However, his past two seasons with the San Jose Barracuda has shown that he has pro chops. Middleton was a +18 and added 26 points in 102 AHL games. The 22-year-old now moves to Colorado where he can continue to refine his two-way game in hopes of landing an NHL contract next summer.
- Nathanael Halbert is getting another go with the Laval Rocket. The former QMJHL defenseman who spent the past four years at McGill University played in five games at the end of the season with Laval and apparently did enough to impress the club into extending him for one year, according to a team release. The 24-year-old has never been known for his regular season production, but his playoff numbers at the college and junior level show that he has that valuable clutch gene. A native of Nottingham, England, Halbert hopes to be an unlikely hero for Laval this season and possibly beyond.
- Making his way back to North America is journeyman forward Jesse Mychan. The 28-year-old winger has signed a one-year deal with the Iowa Wild, as reported by his agency. Mychan is no stranger to the AHL, having suited up for ten games over three separate stints and nearly 200 more games in the ECHL. However, he has spent time in Wales, Germany, Austria, Slovakia, and most recently Denmark over the past few years. An experienced pro who has found great success in the ECHL in the past and starred for Denmark’s Esbjerg Energy for the past two year, Mychan hopes he is finally ready for an extended AHL stay in 2020-21.
New CBA Eliminates Free Agent Interview Period
Over the past several days, news has been trickling out about some of the new elements of the CBA. TSN’s Frank Seravalli was the first to report (Twitter link) that there is a big change coming to free agency as the interview period has been removed. Now, teams won’t legally be permitted to talk to players until the opening of free agency. While that had previously been speculated to be November 1st, that’s now projected to be October 9th as per the tentative critical dates calendar. Having said that, that seems likely to be pushed back a little bit as some of the other target dates in there (such as camps opening July 10th) have already been delayed slightly; camps won’t open now until the 13th.
This will once again fundamentally shift the free agent landscape. The interview window was put in during the last CBA to give teams a chance to speak to players in advance to gauge their interest in joining their franchise. Of course, that’s not exactly how it played out as in recent years, as deals in principle were reported a couple of days before July 1st with quite a few others getting leaked in the hours leading up to the opening of the market.
With the window not being used properly, the NHL and NHLPA have decided to go back to the old way which is no permissible contact until the market officially opens up. That will present some challenges as the market will likely go back to being one where teams make offers that expire in a very limited timeframe as they need to know whether or not they have to pivot to alternative options.
Of course, this upcoming UFA period – be it in October or early November – is going to be a rather unique one. The freezing of the salary cap at $81.5MM is going to handcuff quite a few teams and there were already some that were pegged to be having some cap trouble anyway. Accordingly, this is likely to deflate the market somewhat and adding that to eliminating any legal contact with free agents beforehand is going to create a very unique marketplace a couple of months from now.
NHL Announces Tentative Key Dates, Notable CBA Changes
The NHL and NHLPA today released the details on their Memorandum of Understanding regarding the agreed-upon extension of the Collective Bargaining Agreement. The memorandum, as detailed by TSN’s Frank Seravalli, reveals a number of potential key dates for the adjusted 2020 postseason and 2020-21 off-season and regular season. The dates are as follows:
July 10 – Beginning of training camp
July 24 – Travel to hub cities
July 25 – Beginning of exhibition games
July 31 – Beginning of qualifying round
Aug. 9 – Beginning of Stanley Cup Playoffs
Aug. 23 – Beginning of Second Round
Sep. 6 – Beginning of Conference Finals
Sep. 20 – Beginning of Stanley Cup Final
Oct. 2 – Last possible day of Stanley Cup Final
Oct. 6 – 2020 NHL Entry Draft
Oct. 9 – Opening of free agency
Nov. 17 – Beginning of training camp for 2020-21 season
Dec. 1 – Beginning of 2020-21 regular season
Not only are these dates of course pending a vote to ratify the CBA extension by the players, but Seravalli also notes that they are subject to change based on logistical delays. This has in fact already occurred, as training camps are listed as opening on Friday, when in reality they will open on Monday, July 13. Regardless, the NHL clearly has a plan to start play within a month and wrap the expanded postseason by early October. This would set the league up to take nearly two months off for the off-season but still begin the next season less than two months later than usual.
Seravalli also noted that there are some proration rules in place with regards to eligibility for player bonuses for this season but that does not extend to trades that were made with conditions for players reaching certain statistical thresholds, such as the James Neal–Milan Lucic trade. The league will instead allow teams to make arguments and then potentially have it decided by an arbitrator.
Other key CBA notes revealed by Seravalli include:
- An increase in maximum entry-level contract salaries from the current $925K to $950K from 2022-2024, $975K from 2024 to 2026, and finally $1MM beginning in 2026-27.
- An increase in the minimum salary from the current $700K to $750K from 2021-2023 and $775K from 2023-2026
- An agreement that the NHL and NHLPA will discuss abandoning the Return To Play plan if players opting-out on a league-wide or club-wide basis “materially impacts the integrity” of the postseason
Poll: Who Is Most Deserving Of The No. 1 Pick?
We asked and you voted and the Pittsburgh Penguins are the team that readers least want to see win the No. 1 overall pick in the 2020 NHL Entry Draft by means of a second draft lottery. The Penguins were closely followed by the Toronto Maple Leafs and Edmonton Oilers and unsurprisingly these are three teams loaded with star power who finished in the top-five among teams in the qualifying round. Yet, the Carolina Hurricanes, who hold the second best record among qualifying round teams, gained just 1% of the vote, while the Montreal Canadiens and Chicago Blackhawks, the worst teams to qualify from each conference, finished fourth and fifth respectively in voting. This begs the question: who do you think is most deserving of the top pick?
Obviously, with the NHL Draft Lottery playing out as it did with each of the league’s bottom seven teams missing out on the top slot, the most deserving teams like the Detroit Red Wings, Ottawa Senators, or Buffalo Sabres won’t be an option for No. 1 this year. Instead, it will be one of the to-be-determined playoff teams out of the 16 who will play in a “knockout round” to open the expanded 24-team playoff field. All of these teams finished above .500 this season, so a good team will only get better in the form of Alexis Lafreniere, the elite talent at the top of the draft board. All eight losers of the qualifying round will have even odds in a second running of the lottery, but which franchise is most deserving of this boost?
The NHL has no shortage of teams with a history of losing, but the Florida Panthers have a strong argument for the title of unluckiest. Florida, who entered the league in 1993, has just 18 playoff wins in franchise history. A dozen of those wins came in the team’s run to the Stanley Cup Final in 1996, in which they were swept by the Colorado Avalanche. The remaining six wins have come in just four playoff series over the past 22 season, none of which have been won by the Cats. This series win drought is the longest current streak in the NHL. The team has also struggled with attendance over the years, due both to location and performance. The Panthers finished just 29th in capacity attendance this season and could use a young star player to draw more fans. The current Florida roster is not without talent but is strapped for cap space and set to lose some strong players in free agency. An affordable entry level deal for a top pick would go a long way to keep the Panthers competitive in the Atlantic Division.
The Winnipeg Jets have improved since moving from Atlanta, but the team’s legacy is still one of failure. The Thrashers franchise, which has since become the second iteration of the Jets, entered the league in 1999. In 19 seasons, the club has qualified for the playoffs just four times and has won only 11 games and two series. Like the Panthers, the bulk of those wins came in just one postseason as the Jets won nine games in 2017-18. Unlike Florida, they have never appeared in a Stanley Cup Final. The Jets playoff fortunes have increased since leaving Atlanta, where they failed to win a single postseason game in more than a decade. The club may be able to figure out how to get to their first Cup Final without luck, but playing in a remote city with a passionate but small fan base limits the Jets financially and they could definitely use an affordable superstar like Lafreniere, even though the roster already contains a number of strong young players.
The Columbus Blue Jackets have an identical 11-20 playoff record to the Thrashers/Jets and seeing as how they entered the league one year later in 2000, it would seem they have been slightly more successful. Additionally, all of those wins have come within the past six seasons and the team has qualified in each of the past three years. However, the Blue Jackets have the unfortunate distinction of never coming close to a Stanley Cup in a way that no other NHL team can claim. Columbus has won just one playoff series – just last year in fact – in their existence, the fewest in NHL history, and in that season was eliminated ten wins short of a title, the furthest distance that any team can claim is their best. Columbus also lost three of their best players from the team that finally won a series last season. The Blue Jackets may be improving, but their fans have seen less playoff success than any team in the NHL and their roster is not one that seem likely to produce a Stanley Cup any time soon. Lafreniere would be a boost to the franchise the likes of which have never been seen.
The Blue Jackets’ partners in the 2000 Expansion class, the Minnesota Wild presented a return to the State of Hockey for the NHL and have always had the benefit of immense fan support. Yet, the Wild have struggled to give their fans much to truly root for. While their 26 playoff wins since they entered the league is far better than some of their peers, Minnesota has never made it to the Stanley Cup Final and were swept out of their lone Western Conference Final appearance, which came back in 2002-03. Minnesota has largely been a one-and-done team, winning just four playoff series in their existence. Regular season success can only get you so far and it would be good for the team and the league for Minnesota to see some more results in the postseason. The timing could not be better to land Lafreniere either; the Wild snapped a six-season playoff appearance streak last year and their roster is one of the oldest in the league. The team could desperately use a young centerpiece.
The original Winnipeg Jets, who moved to Phoenix and became the Arizona Coyotes in 1996, also deserve inclusion among teams who could use some luck. The Coyotes franchise is the oldest to have never appeared in a Stanley Cup Final, dating back to the Jets’ birth in 1979-80. In that time, they have just 41 playoff wins overall have qualified for the postseason just three times in the past 16 years. They have one of the longest active postseason droughts in the NHL, dating back seven years. The team also has the very unfortunate distinction of having the highest cap payroll in the league this season while placing just 28th in capacity percentage attendance. While star players have been a part of the franchise from time to time throughout its history, the current roster is lacking a young superstar, which is exactly what they need to increase fan interest as well as affordably improve their roster. Lafreniere would be the perfect fit.
As for other teams, the Toronto Maple Leafs have the longest active Stanley Cup drought at 51 years and are second only two Florida with a playoff series win drought of 14 years, so while they have a young, loaded roster, they may still deserve some sympathy. Similarly, while the Montreal Canadiens are the winningest team in NHL history and don’t need any more titles just yet, they are technically the worst team in the qualifying round and could desperately use the boost, as maintaining relevancy in the 21st century has proved difficult for the once-great franchise. The Vancouver Canucks are the oldest team never to have won the Stanley Cup and got painfully close with a Game Seven loss in the 2011 Final and have not won a series ever since. The Nashville Predators have also never won the Stanley Cup, but have gotten close. Like several other teams, sustained success in Nashville would have a beneficial affect on grassroots hockey. Finally, the New York Islanders are a strong team this year and have staying power in the Metropolitan Division, but their glory days of the 80’s are long gone and they have not made a Cup Final appearance in 35 seasons. Lafreniere landing in the New York market could also be great exposure for the game.
What do you think? Which team is most deserving of the No. 1 pick?
NHL, NHLPA Hoping To Finalize CBA, Return To Play Agreement Saturday
The NHL and NHLPA are hoping that they will finalize a six-year CBA agreement today along with a tentative agreement on Phase 3/4 protocols as well as a critical calendar, according to TSN’s Bob McKenzie. Assuming it’s both finalized and ratified, it should provide the league some long-term economic stability with all the issues that have surrounded the league since the COVID-19 pandemic began.
Assuming the new CBA is agreed on today, it would need to be ratified by the Board of Governors and the full membership of the NHLPA, where the players would get 72 hours, starting Monday.
While some details were leaked yesterday, TSN’s Frank Severalli notes a few more additions to return-to-play discussions as well as other CBA changes:
- Dates for Phase 3/4 will be finalized with trainings camps scheduled to open on July 13. Teams will then be expected to report to their hub cities in either Toronto or Edmonton by July 26 and games expected to begin on Aug. 1. Assuming there are no setbacks, the Stanley Cup should be awarded in the first week of October. The second phase of the draft lottery is expected to be held on Aug. 10 immediately after the play-in series is over. The NHL draft is expected to be in mid-October, with free agency starting on Nov. 1.
- Players can opt out of the 24-team tournament for any reason without penalty and will receive a playoff share regardless. Bonus pool money has also doubled with players who lose in the play-in round receiving $20K, while the Stanley Cup winners would receive $240K.
- As reported earlier, Olympic participation for NHL players will be included for the 2022 Beijing Olympics as well as the 2026 Milan Olympics, pending negotiations with the IOC and IIHF.
- There will be no changes to signing bonuses. It was believed the NHL was trying to limit signing bonuses in the next CBA to no more than 50 percent of the total contract, but this will not take place.
- Players will now also be allowed to rehab from long-term injuries from any where they want, unless the team can prove it’s not possible from that location.
- Teams will also no longer have to place players playing in Europe on waivers when they wish to return to the NHL. That was an issue back in 2013 for Ryan O’Reilly, who opted to play in the KHL while holding out for a new deal while with the Colorado Avalanche. The Calgary Flames signed him to an offer sheet. However, had Colorado opted not to match the offer, the Flames would have been forced to place him on waivers since he was playing overseas before he returned and likely would have lost him.
July 1st Retrospective: 2019
July 1st is typically filled with hundreds of millions committed to contracts signed in the early hours of free agency. However, this is no ordinary year and as a result, the UFA market is on hold for a while yet with the Stanley Cup on pace to be awarded sometime in October with the official offseason expected to start in November. So instead of there being plenty of new deals to talk about, let’s take a look back at the free agent frenzy from recent years. Last up in our series is 2019 with 2017 and 2018 being covered earlier in the week.
The previous two openings of the free agent period featured a lot of prominent re-signings without a big flurry of notable players heading elsewhere; there were a few but only a few. That changed last summer as several significant players opted to head for new teams.
For the purpose of this exercise, we’re limiting our scope to the deals handed out on July 1st itself which means players like Jake Gardiner and Marcus Johansson who were in the top-15 of our UFA list but signed later are not considered here.
Key Re-Signings
Anders Lee (NYI) – 7 years, $49MM – While not the biggest point producer, Lee had 104 goals to his name over the past three seasons which helped him garner considerable interest around the league but his focus was staying in New York and remaining as their captain. His numbers this season weren’t terrible but he was at his lowest goal-per-game pace since 2015-16 when the pandemic hit while he was hovering around a 50-point pace as well. They need more than that from Lee to get good value on this deal.
Sebastian Aho (CAR) – 5 years, $42.27MM – Okay, technically, this wasn’t a re-signing as the Canadiens tendered him an offer sheet to get to this point. But it may as well have been as the potential compensation to the Hurricanes wasn’t enough to give them any pause to match it. While being more of a playmaker early in his career, Aho showed his scoring touch more often this season, finishing tied for sixth in the league in that department while averaging nearly a point per game. He looks like he’ll live up to the deal without any issue but this contract does take him to UFA eligibility while he’s in the prime of his career and by the time he hits the open market, the current salary cap concerns should largely be mitigated.
Timo Meier (SJ) – 4 years, $24MM – This one makes it on here for the structure of the deal. The fourth and final season of the contract carries a $10MM salary which then represents his required qualifying offer in June of 2023 which, given the new salary cap picture, looks potentially even more worrisome. Meier’s performance this year was lower than 2018-19 but that’s something that could be said for just about everyone in San Jose. He should provide some value on his current $6MM AAV but that qualifying offer already looms large.
Top AAV Free Agent Signings
(Players changing teams)
Artemi Panarin (NYR) – 7 years, $81.5MM – Everyone knew Panarin was heading for a big payday and yet this deal still raised some eyebrows as it made him the highest-paid winger in NHL history. Accordingly, at no point will this be viewed as a bargain contract but he lived up to it this season, finishing tied for third in team scoring with 95 points and was only behind Edmonton’s Connor McDavid and Leon Draisaitl in assists with 63. That’s pretty good company to be in.
Sergei Bobrovsky (FLA) – 7 years, $70MM – He was handed the richest deal ever given to a goalie on the open market (Carey Price’s contract with Montreal was an early extension, not a free agent deal) and the results were anything but pretty. Bobrovsky struggled pretty much all season long and posted a GAA of 3.23 and a .900 SV%, numbers that aren’t good for a backup let alone a starter. His contract means he’ll be afforded plenty of opportunities to turn things around but this could be a real problem down the road.
Matt Duchene (NSH) – 7 years, $56MM – His offensive struggles with Columbus after being acquired from Ottawa wound up being a precursor to this season as things did not go well for him this season. His 13 goals were the lowest of his career while 42 points in 66 games is not the type of production that an $8MM price tag should yield. The Predators have done plenty to add to their center depth in recent years with the addition of Duchene, Kyle Turris, and Nick Bonino. Despite all of the money invested in them, it’s still a weak spot.
Joe Pavelski (DAL) – 3 years, $21MM – It came as a bit of a shock that he was willing to leave San Jose after 14 seasons with the team but getting three guaranteed years just 10 days before turning 35 was pretty good on his end. Unfortunately, the Stars haven’t got much of a reward for that deal just yet as Pavelski turned in basically the worst offensive season of his career in 2019-20 with just 14 goals and 17 assists in 67 games. There was a risk that he wouldn’t be a top line player by the time the deal was done but not many expected that to happen within the first few months of the contract.
Ones To Forget
Tyler Myers (VAN) – 5 years, $30MM – For all of the flak he takes, Myers has carved out a solid 11-year career so far. But $6MM for a player that is best used as a fourth defender or lower isn’t a great deal, nor was the five-year term that takes him into his mid-30s. His point per game average (0.31) was his lowest since his age-22 season in Buffalo in 2012-13. It’s an overpay in both money and term and that’s not an ideal combination.
Mats Zuccarello (MIN) – 5 years, $30MM – Over the last four years, Zuccarello had reached the 50-point mark three times and played at a 68-point pace in the one he didn’t get there due to injury. That made him seem like a relatively safe bet on the open market as someone that could come in and provide Minnesota with some consistent production from the second line. It didn’t happen this season, however, as he had just 15 goals and 22 assists in 65 games while seeing his ice time drop from nearly 20 minutes a night the year before to not even 16 per game in 2019-20.
Anton Stralman (FLA) – 3 years, $16.5MM – While Stralman was brought in to provide some much-needed stability to Florida’s defense (which he did), this was still a hefty price to pay for a veteran boost on the second pairing. The Panthers found themselves in cost-cutting mode towards the end of the season and a big part of that was this deal along with Bobrovsky’s. The shorter term makes this a little more palatable but it’s still a big overpayment in terms of AAV.
Wayne Simmonds (NJ) – 1 year, $5MM – After a tough showing in 2018-19 including a poor performance in Nashville, Simmonds opted for a pillow contract with the hopes of cashing in this coming offseason instead. It’s safe to say that’s not going to happen. The veteran struggled mightily on a bad New Jersey team and didn’t look much better in Buffalo either where the Devils had to retain half of the remainder of the contract simply to get a 2021 fifth-round pick.
Bargains
Tyler Ennis (OTT) – 1 year, $800K – After having a minimal role with Toronto the year before, Ennis signed with the Senators in the hopes of getting more of an opportunity to play in an offensive role and he responded with 33 points in 61 games before being moved to Calgary at the trade deadline. He was relatively productive with the Flames as well. Overall, getting 16 goals and 21 assists for just over the league minimum in a shortened season is one of the better UFA bargains in recent years.
Joakim Ryan (LA) – 1 year, $725K – After playing a limited role in San Jose, Ryan sought a bigger opportunity when he signed with the Kings. He certainly got that as his average ice time went up by more than six minutes a game while he wound up being voted as the team’s best defenseman and Unsung Hero. While that is partially an indictment on how much Los Angeles struggled this season, it’s also a sign that Ryan has taken a step forward in his development. To get that for barely over the minimum was a nice piece of business by GM Rob Blake even if it went under the radar.
Jason Spezza (TOR) – 1 year, $700K – No, Spezza isn’t the player he was in his prime but his true value on the open market was for more than the minimum salary. However, he wanted to play in his hometown which the Maple Leafs used to their advantage. To his credit, while his ice time dipped considerably (from 13:16 per game to 10:50), his point per game average was actually higher than his final two seasons in Dallas while he was once again strong at the faceoff dot. Playing at a 35-point pace from the fourth line is something a lot of players can’t do, let alone ones at the absolute bottom of the salary scale.
Photo courtesy of USA Today Sports Images.
Early Signings From The Start Of AHL Free Agency
While we’ll be waiting until November for the start of NHL free agency to begin, the AHL free agent market still got underway on July 1st like usual. The limitations are that players had to have been on minor league deals previously and sign another one for next year or head overseas; anyone hoping to convert to an NHL contract will have to wait. The early indication is that many will be waiting to sign but here is a rundown of the handful of moves made so far.
- Defenseman Stuart Percy is leaving the AHL and has signed with Vaasan Sport, the SM-liiga team announced. The 27-year-old was once viewed as a promising NHL prospect and he got into a dozen games with Toronto in the past but has bounced around the minors over the last few years. He spent parts of the last two seasons with Belleville (Ottawa’s affiliate) but was limited to just five games this season.
- The Canadiens have signed Sam Vigneault and Corey Schuenemann to minor league deals, per a team release from their affiliate in Laval. Vigneault inked an entry-level deal with Columbus back in 2017 and while the center was non-tendered last summer, he stayed with their farm team in Cleveland where he had 11 goals and five assists in 57 games. Schuenemann, meanwhile, played his first full professional season in 2019-20 and posted respectable numbers for a blueliner, collecting three goals and 18 helpers in just 44 games with AHL Stockton, Calgary’s affiliate.
- After spending last season on an AHL deal with Nashville following a non-tender by New Jersey, goaltender Cam Johnson is dipping down a level once again as the Florida Everblades of the ECHL announced (Twitter link) that they’ve signed the 25-year-old to a one-year deal. Johnson actually spent all of this season with the Everblades, posting an impressive 2.32 GAA with a .925 SV% in 21 games so he will remain in Nashville’s extended organization.
July 1st Retrospective: 2018
July 1st is typically filled with hundreds of millions committed to contracts signed in the early hours of free agency. However, this is no ordinary year and as a result, the UFA market is on hold for a while yet with the Stanley Cup on pace to be awarded sometime in October with the official offseason beginning after that. So instead of there being plenty of new deals to talk about, let’s take a look back at the free agent frenzy from recent years. Next up is 2018 while 2019 will run on Friday. Click here for the 2017 retrospective.
Once again, the biggest deals of the day were contract extensions with the majority of the UFA market being three years or lower. However, there were a handful of longer-term deals handed out with the results being somewhat of a mixed bag.
For the purpose of this exercise, we’re limiting our scope to the deals handed out on July 1st itself which means players like James Neal and Calvin de Haan who were in the top-10 of our UFA list but signed later are not considered here.
Key Re-Signings
Drew Doughty (LA) – 8 years, $88MM – Doughty’s signing had been speculated for a few days prior to this but July 1st was when it was made official, making him the highest-paid defenseman in NHL history at the time. Doughty had plenty of leverage as he was going to be one of the top UFAs a year later and was coming off a career year but the early returns haven’t been great. His production dipped in 2018-19 and again this season to his lowest point per game average since 2013-14 while struggling a bit more than usual at the defensive end.
Oliver Ekman-Larsson (ARI) – 8 years, $66MM – This was another move that had been rumored for quite a while but the Coyotes had to wait until this time to extend their captain to the richest deal in team history. Like Doughty, there was no denying that he was one of the top players that could have potentially hit the open market a year later and while it’s a bit on the expensive side, losing him would have been disastrous. Ekman-Larsson is coming off of a bit of a down year but he’s young enough that there are still several strong years left in him.
Logan Couture (SJ) – 8 year, $64MM – Yet another deal that was reported a few days beforehand but couldn’t be made official until the turning of the NHL calendar, Couture’s contract seemed a bit pricey at the time but it has held up well so far. He was coming off of one of his better offensive years at the time and since then, he had a career season in 2018-19 before injuries derailed his 2019-20 campaign. However, with six years left on the deal, he may very well slow down towards the end of it.
Ryan McDonagh (TB) – 7 years, $47.25MM – Several Tampa Bay players have taken a bit less than market value to stick around and McDonagh continued that trend as a $6.75MM AAV for someone that was a top-pairing defender at the time was cheaper than expected. However, the seven-year term came as a surprise and could present some problems before too long as the 31-year-old had his worst offensive year since his rookie campaign while his ATOI has dropped nearly four minutes a night from three years ago.
Top AAV Free Agent Signings
(Players changing teams)
John Tavares (TOR) – 7 years, $77MM – This one came as a bit of a surprise given what Toronto had on the horizon for signing their top young stars but they still managed to find a way to bring him in. At an $11MM AAV, the contract was never going to be a bargain at any stage but he has averaged over a point per game over his two years with the team while taking over as team captain. He’s providing them with what they expected – a legitimate top center – but with the cap crunch coming as a result of the COVID-19 pandemic, this deal along with those handed to their top youngsters could soon paint the Maple Leafs into a bit of a corner when it comes to trying to keep the core together; Morgan Rielly and Frederik Andersen aren’t that far away from being UFA-eligible themselves.
James van Riemsdyk (PHI) – 5 years, $35MM – Who says you can’t go back to a former team? He did just that by signing with Philadelphia who initially drafted him second overall back in 2007. He gave up a bit of term to take a bit higher of a salary relative to expectation and while he hasn’t quite produced at a $7MM level, he has been reasonably productive, tallying 46 goals over his first two years despite a dip in ice time compared to his average over his time with Toronto. One area of some concern is van Riemsdyk’s drop in power play production – he had 39 points (17-22-39) with the man advantage over his last two seasons with Toronto but just 22 (12-10-22) with the Flyers.
Paul Stastny (VGK) – 3 years, $19.5MM – A late effort by Winnipeg to free up money to sign Stastny proved unfruitful as he moved on to Vegas where his production has taken a dip. Injuries limited him to just 50 games over his first season while this year, he had the lowest point per game average of his career (0.54) over his 71 games. The shorter term is certainly beneficial though; as much as the $6.5MM AAV isn’t an ideal price tag, they’ll be out of the contract a year from now while he still provides them with some quality depth down the middle.
Ones To Forget
Ilya Kovalchuk (LA) – 3 years, $18.75MM – Kovalchuk’s return to the NHL from Russia cost more than expected, especially for someone on a 35-plus contract. The early returns were good too as he had 14 points over his first 14 games with the Kings before things went completely off the rails. His ice time dropped quickly and he was told late in the year that he could skate with the team if he wanted to but wouldn’t play. It didn’t get any better this year and he was eventually sent home to await a contract termination once a signing bonus instalment was paid. Kovalchuk wound up with Montreal before he was shipped to Washington near the trade deadline while Los Angeles now has $6.25MM in dead cap space for next season because of the 35-plus distinction.
Jack Johnson (PIT) – 5 years, $16.25MM – Handing a 32-year old player that many viewed as a third pairing option a five-year deal raised a lot of eyebrows. Johnson’s no longer the top pairing player he was in his prime but he’s still decent in a limited role. However, for a team that’s cap-strapped as often as Pittsburgh is, having a player costing $3.25MM against the cap that is down to that type of role isn’t ideal. It’s not a massive price tag but with the salary cap now flattening out, this could cause some problems in the near future.
John Moore (BOS) – 5 years, $13.75MM – The $2.75MM isn’t a terrible price tag on its own but the five-year term didn’t make much sense then and less now. Yes, injuries cost him 30 games this season but he was still scratched on several occasions while his ice time dipped to 16:33 per night. It’s fair to suggest he’s not a part of their top six now and with some youngsters on the cusp of making it, Moore may not make back into that group either.
Jay Beagle (VAN) – 4 years, $12MM – For years, Beagle has filled a specific role and done it well – he wins faceoffs and logs a lot of ice time shorthanded. That role carries some value on a lot of teams but it doesn’t change the fact that he’s a fourth liner. Giving a fourth liner $3MM per year carries some risk, especially for four years and even more so knowing that he was 33 in his first season with the Canucks. Beagle still wins draws and kills penalties but he struggled considerably outside of those situations and two more years of that deal on the books isn’t ideal.
Leo Komarov (NYI) – 4 years, $12MM – Komarov’s at his best in a limited role where his physicality can make a difference. The Islanders had several of those players when they signed him – they still do – and his effectiveness has waned over the first two years to the point where he was in the press box as a scratch on multiple occasions. At $1MM, he would provide some value still but at three times that, it may become a problem deal over the next couple of years.
Bargains
David Perron (STL) – 4 years, $16MM – Going back to a former team isn’t rare but it’s still relatively uncommon. Going back for a third stint with the same team is much rarer but that’s what happened here. Perron had a career year in Vegas with 66 points so this was somewhat of a below-market deal and he has played quite well on it. While his point per game average with Vegas was the best of his career, these last two seasons were his second and third highest. $4MM doesn’t always get you a lot on the open market but a capable top-six forward is certainly better than most.
Jonathan Bernier (DET) – 3 years, $9MM – This begins the run on goalies as basically every other bargain deal was signed by a netminder. Bernier essentially took over as the starter for the Red Wings this season while faring okay in the first year while in a platoon role. The overall numbers don’t look great but considering how much Detroit has struggled, they weren’t going to be great. If he winds up being the starter again this season, the value will go up even more.
Jaroslav Halak (BOS) – 2 years, $5.5MM – Getting someone who had started as much as Halak had for this price was impressive enough. But the value he has given Boston is more than that as they have been able to lighten Tuukka Rask’s workload and the benefits have been significant as they’ve been among the top goaltending tandems in the league since then. Halak has embraced the role and already has signed an extension for next season.
Anton Khudobin (DAL) – 2 years, $5MM – Rask’s old partner with Boston moved on to the Stars and the results were similar to Halak with the Bruins. He picked up a significant share of the workload which helped keep Ben Bishop rested and both netminders responded with strong performances. With more teams starting to see the value of a platoon, Khudobin should be well-positioned to earn a raise on the open market this summer even with it not being a great time to hit free agency. Dallas will certainly make an effort to keep him as well.
Petr Mrazek (CAR) – 1 year, $1.5MM – After a rough 2017-18 campaign, Mrazek’s market was minimal so he joined the Hurricanes with the hopes of bouncing back. He did exactly that, posting a 2.39 GAA with a .914 SV% during the regular season which helped propel the Hurricanes to a surprising Eastern Conference Final appearance. At a time where the good backups were signing for a fair bit more than $1.5MM, they got someone who basically did just as well for a fraction of the price. Mrazek was able to parlay that strong performance into some job security as he landed a two-year, $6.25MM deal last July.
Photo courtesy of USA Today Sports Images.
Free Agent Period Expected To Open In November
While we’re still waiting for official word on a CBA Memorandum of Understanding and the final Return to Play protocols, we now at least have an idea of when the free agency period will begin. TSN’s Bob McKenzie reports (Twitter link) that the agreement to extend expiring contracts runs through October 31st which means that the league is targeting November 1st as the beginning of the 2020-21 calendar which would also serve as the opening day of free agency.
This also means that contract extensions will need to be put on hold as well. Those deals can’t officially be signed until the player enters the final year of his contract which will now be in November. Of course, teams can still hold informal discussions between now and then and with a better picture of what the salary cap is going to be for the foreseeable future (no change for the next two years and a $1MM boost to $82.5MM in 2022-23 if the CBA extension is finalized and ratified), those negotiations might be a bit easier with one key variable off the table.
As for players that have an eye on heading overseas for next season where the leagues start up in September, there is some relief on the horizon. Mollie Walker of the New York Post notes that players that aren’t going to be participating in the playoffs will be allowed to sign deals in other leagues later this month. That would allow players to catch on with new teams with enough time to be at training camp instead of having to wait and join midway through the season. With that in mind, we may see a small uptick in player movement once the Return to Play rosters are set.