Calgary Flames, Matthew Tkachuk Taking Time To Get Deal Done
The Calgary Flames have many offseason tasks they must deal with this summer, but the No. 1 priority of the team is locking up their top restricted free agent, Matthew Tkachuk. However, with a number of big-name restricted free agents cashing in on mega contracts in the last couple of years, the negotiations are expected to take a while. In fact, The Fourth Period reports that the two sides are in no rush to get a deal done quickly.
Both Calgary and Tkachuk have already had initial discussions, but negotiations aren’t expected to pick up again until later this month, most likely after the NHL Entry Draft. Much of the initial discussions likely dealt with the type of deal that Tkachuk is looking for as he could either sign a short-term bridge deal or a long-term deal. If the team isn’t ready to shell out an expensive long-term deal, they could offer a three-year bridge deal in hopes of seeing whether Tkachuk is worthy of such a deal that would take him to his final year of restricted free agency.
Several restricted free agents have cashed in recently, especially in Toronto as Auston Matthews signed a five-year, $58.2MM contract ($11.63MM AAV) in February, while William Nylander signed a six-year, $45MM deal ($6.96MM AAV) in December after holding out. There are quite a few key restricted free agents this offseason and Tkachuk might want to wait some of them out to see what the market sets at, including Toronto’s Mitch Marner, Carolina’s Sebastian Aho, San Jose’s Timo Meier and Winnipeg’s Patrik Laine and Kyle Connor amongst others.
Tkachuk is coming off a breakout season in the final year of his entry-level deal as he potted 35 goals and picked up 77 points this season, something they were hoping for after they drafted him sixth overall in 2016. A physical, menace-type player, Tkachuk is critical to the team’s long-term plans, but with plenty of cap concerns approaching, the team could opt to give him a little less money if he accepts a shorter-term deal. However, a long-term deal might be the preferred outcome in case Tkachuk continues to take steps forward in his development, which is quite possible considering he’s still only 21 years old.
The Flames are projected to have more than $14MM in cap space this offseason, giving them the room to lock up Tkachuk to a long-term deal, although the team still has other key restricted free agents in Sam Bennett, Andrew Mangiapane and goaltender David Rittich to sign. The team also must decide on whether to bring back unrestricted free agent Mike Smith in net to pair with Rittich. If not, the team will have to find a goaltender on the free agent market to replace him. That could take up a significant amount of cap room, although there have been rumors the team could move one of their veteran defenseman, either T.J. Brodie or Travis Hamonic, to open up some more cap space and free up a defensive roster spot for some of their upcoming defensive prospects. General manager Brad Treliving might also attempt to trade forward James Neal and his bloated $5.75MM AAV contract, although finding a taker might prove to be a challenge considering he has four more years remaining on his contract.
Buyout Watch: Most Likely Candidates As Buyout Window Nears
At this time next week, there could already be a few notable additions to the impending unrestricted free agent class. The NHL’s buyout window is set to open on Saturday, June 15th, after which teams will have 15 days to buy out unwanted contracts before the month ends and free agency begins on July 1st. This year in particular, there seem to be a surplus of teams upset with their current salary cap position and itching to remove a contract from their books that has not yielded the expected results. Yet, at a cost of two-thirds of the remaining salary and double the remaining term (in most cases), as well as the side effects of pay and bonus structure, it may not always be the best route. The following are some of the top names that could be bought out later this month and the cost to do so:
Corey Perry, Anaheim Ducks
Contract Remaining: Two years, $8.625MM cap hit
Buyout Cost (each year): $2.625MM/$6.625MM/$2MM/$2MM
The most recent name to hit the buyout rumor mill, Perry’s contract is undoubtedly an albatross and it is difficult to see him getting back to the pace and production that initially warranted his high cap hit. A buyout would give the Ducks immediate relief this year and $2MM in years three and four is not bad. However, the 2020-21 cost is not ideal. However, it’s hard to see anyone trading for Perry’s contract with so many unknowns about his game, so this could be the only choice for Anaheim.
Dion Phaneuf, Los Angeles Kings
Contract Remaining: Two years, $7MM cap hit
Buyout Cost (each year): $2.917MM/$5.417MM/$1.417MM/$1.417MM
The Kings want to get younger and faster and want some cap space to improve. Moving Phaneuf accomplishes all of that, and L.A. has good blue line depth to fall back on in the short-term. Like Perry, this buyout hurts in year two, but is otherwise tolerable. The Kings will try to trade Phaneuf and may succeed, otherwise this is a likely buyout scenario.
Scott Darling, Carolina Hurricanes
Contract Remaining: Two years, $4.15MM cap hit
Buyout Cost (each year): $1.233MM/$2.333MM/$1.183MM/$1.183MM
One of the earliest reported buyout rumors was that of Darling, and for good reason. The former star backup has not panned out as a starter for Carolina, a team that made it to the Eastern Conference Final with a tandem of a UFA flier and a veteran waiver claim. The Hurricanes may not have any experienced goalies under contract for next season yet besides Darling, but that won’t stop them from moving on and going back to the free agent market or their talented pipeline for answers, especially with this very palatable buyout and few cap concerns.
Ryan Callahan, Tampa Bay Lightning
Contract Remaining: One year, $5.8MM cap hit
Buyout Cost (each year): $2.667MM/$1.567MM
Callahan won’t be in Tampa one way or another next season. The team is facing a difficult cap crunch and there’s no room for the veteran, who has played little role in recent years. A buyout doesn’t give the Bolts the full savings they’d hope for this upcoming season and a trade likely remains preferable, but Callahan’s stock is not high and a buyout remains the more likely resolution.
Valeri Nichushkin, Dallas Stars
Contract Remaining: One year, $2.95MM cap hit
Buyout Cost (each year): $700K/$450K
Nichushkin’s age makes his buyout fall under the second category of buyout wherein only one-third of the remaining salary is accounted for. As such, his buyout would mean almost nothing for Dallas’ cap calculations. The young winger failed to score a goal last season as a regular player and both sides would seemingly benefit from a split. It’s not certain that the Stars will move on, but should they choose to, a buyout is a painless option.
Brendan Smith, New York Rangers
Contract Remaining: Two years, $4.35MM cap hit
Buyout Cost (each year): $971K/$3.146MM/$1.146MM/$1.146MM
Smith has been a disaster in New York and certainly not the player that the Rangers saw perform well in the postseason as a deadline addition in 2016-17. It’s hard to see a fit for Smith moving forward, even more so than other unfriendly defense contracts like Marc Staal and Kevin Shattenkirk. It’s even more difficult to see him having any trade value, so the team would have to go the buyout route. It’s not a terrible option, but as frequently happens, the year one savings come back to bite with a hefty year two increase.
Karl Alzner, Montreal Canadiens
Contract Remaining: Three years, $4.625MM cap hit
Buyout Cost (each year): $1.069MM/$4.194MM/$2.194MM/$1.069MM/$1.069MM/$1.069MM
Alzner had one point in nine games with Montreal last season, which is enough to say he’s not in the Canadiens’ long-term plans. He could be on their books for a long time to come with a potential six-year buyout structure, but at a relatively low cost most years. Alzner needs a fresh start and it’s fair to assume that Montreal will give him one.
Milan Lucic, Edmonton Oilers
Contract Remaining: Four years, $6MM cap hit
Buyout Cost (each year): $3.625MM/$5.625MM/$4.125MM/$5.625MM/$625K/$625K/$625K/$625K
Loui Eriksson, Vancouver Canucks
Contract Remaining: Three years, $6MM cap hit
Buyout Cost (each year): $5.556MM/$5.556MM/$3.556MM/$556K/$556K/$556K
Lucic and Eriksson have been tied together by rumors all off-season and one more thing they share: poor buyout possibilities. As bad as Lucic’s contract is, based on his drop-off in performance, his buyout is still very expensive for four more years and then extends another four years beyond that. The Oilers would be better off continuing to search for some way to trade him, no matter how slim the chances. As for Eriksson, his front-loaded contract makes a buyout pointless. The Canucks would pay almost the same amount in each of the next two years as if he was still on the team, then would have the cap penalty for another four years after that. Vancouver and Edmonton are likely stuck with these players, unless of course they swap them for each other.
Arizona, Columbus To Aggressively Pursue Matt Duchene
While the Matt Duchene rumors have been quite exciting already, they show no sign of slowing down. Despite whispers that the top free-agent center is interested in joining the Nashville Predators, more teams keep coming up. The most recent interest comes from the Arizona Coyotes. The Athletic’s Pierre LeBrun (subscription required) writes that the Coyotes, searching for another top-line center, intend to aggressively pursue Duchene, while the Columbus Blue Jackets haven’t given up on re-signing their deadline acquisition either.
The 28-year-old scored 31 goals and 70 points between Ottawa and Columbus last season, but a solid postseason in which he registered five goals and 10 points in 10 playoff games was enough to make him one of the most sought-after impending free agents, especially with teams in need at the center position.
Arizona used Derek Stepan as their top-line center this season, but the team would be better served moving Stepan to a second-line role and inserting a new name into the No. 1 spot, giving them two solid options down the middle and allowing Arizona to utilize other forwards like Nick Schmaltz and Alex Galchenyuk at the wing position. Arizona, which narrowly fell short of the playoffs this season, has made it clear that they want to upgrade their team and become playoff relevant after years sitting in the Pacific Division cellar.
As for Columbus, LeBrun writes that the franchise is still negotiating with Duchene’s agent, Pat Brisson, to bring the center back. One question that comes up is whether the team would be willing to offer eight years, and upwards of $80MM to Duchene, especially when they would also have to give Ottawa their 2020 first-round pick if they successfully re-sign him. While many have suggested that being aggressive at the trade deadline was good for Columbus, the team would look even better if it could retain at least one of Duchene, Artemi Panarin, Sergei Bobrovsky, or Ryan Dzingel this summer.
Anaheim Ducks Ready To Move On From Corey Perry
The Anaheim Ducks have been rumored to be considering finding a way to rid themselves of the contract of Corey Perry this offseason. Some argue that the 34-year-old star just needs to get healthy and work hard this summer in hopes he can have a bounce-back season next year. Others feel it would be better for the team to trade him or even buy out the remaining two years and $17.25MM.
It looks as if Anaheim come to a decision, however, as Pierre LeBrun of The Athletic (subscription required) writes that the team has decided that they intend to move on from the long-time Duck and will begin looking for a trade partner. If they cannot find one, they intend to buy him out. General manager Bob Murray has stayed in touch with Perry’s agent, as Anaheim intends to treat Perry, who has played 988 games with the Ducks, with as much respect as possible during the process.
After a disappointing 35-37-10 season, which saw them far outside a playoff berth this year, the Ducks are looking forward to a rebuild of the franchise. The team is still searching for its next head coach, but intends to find someone who can help develop the massive amount of young forward prospects that are coming up through the system, including Sam Steel, Troy Terry, Daniel Sprong, Kiefer Sherwood, Max Comtois, Max Jones, Isac Lundestrom and Antoine Morand. With that much talent close to being ready for NHL duty, the team will have no choice but to open up roster space.
Perry signed an eight-year, $69MM extension back in 2013 when he was in his prime. He followed that up with a 43-goal season, followed by two 30-goal seasons, but hasn’t been able to produce as well since then. He tallied 19 goals in 2016-17, then a 17-goal performance in 2017-18, then just six goals and 10 points in 31 games last year after missing the first 51 games with a knee injury.
A trade would be challenging for Anaheim, considering the size of Perry’s contract and the likelihood the team would likely have to part with a top prospect or pick to find a team who would be willing to take on his cap hit. Throw in the fact that Perry has a full No-Movement Clause and the team may be forced to buy out the fan favorite. With the first buyout window starting in a week, Perry could conceivably be a unrestricted free agent at the start of free agency on July 1 and could give him an opportunity to join a veteran playoff team.
Pacific Notes: Golden Knights, Oilers, Canucks
After two years of heavy turnover and maneuvering to get their franchise off to a hot start, it looks like the Vegas Golden Knights will be taking a back seat when free agency opens on July 1. While most people weren’t expecting Vegas to be active this offseason, with their cap room already used up, Ken Boehlke of SinBin.vegas writes that President of Hockey Operations George McPhee admitted the team will be inactive:
Well we’re in pretty good shape with our core group. We have basically everyone signed up and we are close on some other things. So I don’t imagine we’re going to be out looking at free agents this summer. We like the team the way it is and we like the young guys that we have coming along.
What McPhee meant when he said the team was close on some other things could be very interesting, although it could range anywhere from a potential long-term deal with restricted free agent William Karlsson, to potential deals for fellow RFA’s Nikita Gusev, Tomas Nosek, Jimmy Schuldt or veteran UFA Deryk Engelland, or even a trade to free up cap space to sign any of them.
- The Athletic’s Jonathan Willis (subscription required) looks at the potential compatibility between the Edmonton Oilers and the Winnipeg Jets, wondering if the two teams might be a perfect match for solving each of their problems. The scribe suggests the Jets could use Edmonton to help unload some of their less-significant contracts, such as Mathieu Perreault or Dmitry Kulikov, or if the Jets are more motivated, they could consider sending winger Nikolaj Ehlers, who is coming off a disappointing season, to Edmonton for a package that could include a defenseman such as Darnell Nurse or Andrej Sekera and some of Edmonton’s youth that could help bolster the team’s depth.
- Allan Mitchell of the Athletic (subscription required) writes that the Oilers are in need of an inexpensive third-line center option, one that can kill penalties, suggesting the team look via the trade market to find that player. He writes that the Oilers should consider trying to pry Montreal Canadiens’ center Phillip Danault, as well as look at Winnipeg’s Adam Lowry, Ottawa’s Jean-Gabriel Pageau, Detroit’s Luke Glendening, or Dallas’ Radek Faksa. The scribe adds that the most likely candidate that Edmonton would be able to steal away could be Pageau.
- The Vancouver Sun’s Patrick Johnston writes that the Vancouver Canucks should seriously consider trying to convince Toronto Maple Leafs unrestricted free agent Jake Gardiner to sign with them this offseason. While there have been rumors that Toronto wants to unload other contracts in hopes of keeping Gardiner in the fold, Johnston writes that Gardiner would be the perfect puck-carrying defenseman that the team hasn’t had since Alexander Edler was in his prime. However, he wonders whether the U.S.-born blue liner might prefer to avoid playing in Canada after a taking a lot of heat from Toronto fans over the years.
Jeff Skinner, Buffalo Sabres Agree To Long-Term Extension
9:27 PM: It is official now and McKenzie was right on the mark with the terms. The Buffalo Sabres have announced an eight-year, $72MM extension with leading goal scorer Jeff Skinner. Skinner’s eight-year term is the NHL maximum and one only the Sabres could have awarded him. His new $9MM AAV is one that only 13 other forwards have topped, including teammate Jack Eichel. The Sabres hope that this investment can keep those two stars playing together on the team’s top line and dominating the competition en route to a return to the postseason.
8:46 PM: It was widely assumed that the Buffalo Sabres and star forward Jeff Skinner would eventually come to terms on a contract extension. After all, both sides benefited from the partnership in year one. Skinner enjoyed one of his best seasons to date, including potting a career-high 40 goals, while the Sabres landed a surefire top-line forward, who finished third on the team in scoring and found chemistry with young centerpieces Jack Eichel and Sam Reinhart. Now, it appears that this speculation is about to pay off. TSN’s venerable insider, Bob McKenzie, reports that Buffalo is closing in on signing Skinner to an eight-year extension, thought to be in the realm of $9MM AAV.
If this $72MM deal comes together, Skinner could wind up in the upper echelon of NHL players when it comes to contract value. P.K. Subban, the only other player in the league with a $9MM cap hit, is currently ranked 16th in the league in AAV. The next players on the list are at $9.5MM, likely outside of the projected ranger for Skinner, but anything between a $9MM and $8.7MM AAV would put Skinner right there with Subban. Among those Subban would pass up include Sidney Crosby, Leon Draisaitl, Steven Stamkos, Claude Giroux, and Logan Couture. Obviously, the salary cap ceiling is increasing and Skinner’s cost is a function of that, but this is still a considerable leap for a player whose last contract was a six-year deal with a $5.75MM AAV with the Carolina Hurricanes.
Whether or not Skinner’s reported new value is a fair representation of his ability is up for debate. What’s not up for debate is that Buffalo can afford to offer this contract and possibly overpaying is better than the alternative. The Sabres are currently ranked 25th in committed salary cap entering the off-season with more than $29MM in space and Skinner is arguably their only priority free agent. Buffalo is a team that desperately want to improve, especially after a hot start was followed by an embarrassing second half and would up in yet another disappointing finish. Letting Skinner walk in free agency would be a nightmare for the team and GM Jason Botterill would rather gamble with his job down the line than almost surely lose it in the present if he failed to retain or somehow substantially replace Skinner. Will the 27-year-old be worth $9MM when he’s 35 years old? Almost certainly not, but that’s the trade-off of every long-term UFA contract. In the short-term this would be a great deal to hold on to a talented player who has been a great fit.
Snapshots: Draft Rankings, Skinner, Sustr
It’s draft season, and the final rankings from several of the hockey world’s leading scouts are starting to come out. Today marked the release of Corey Pronman’s first 2019 mock draft for The Athletic (subscription required), and Craig Button’s top-31 prospects for TSN. Pronman’s mock details some of the rumblings he has heard at the draft combine and elsewhere, and interestingly notes there is still no consensus on who the Chicago Blackhawks will be taking at third overall.
While Pronman lists Alex Turcotte there hesitantly, Button has CHL defenseman Bowen Byram as the third best prospect available. More notable than that even is Button’s ranking of Cole Caufield, who has continued to fly up boards as we close in on the draft later this month. The diminutive forward climbs to fourth on the TSN list, with even more lauding of his ability to put the puck in the net.
- Bob McKenzie of TSN will release his final draft rankings a little later in the month, but he did tweet out a note regarding Buffalo Sabres forward Jeff Skinner today. McKenzie notes that it is “crunch time” in the negotiations between Buffalo and Skinner, and expects either a deal will get done in the next few days or the sniper will wait until unrestricted free agency. The TSN insider expects an eight-year deal worth $72MM, or something thereabouts. Skinner, 27, is coming off a 40-goal season and has made it clear he does enjoy playing with the Sabres. Still, a $72MM price tag is awfully expensive for any team.
- A report out of Russia has Andrej Sustr signing a one-year deal with Kunlun Red Star of the KHL, though there has been no formal confirmation at this point. The 28-year old defenseman is set to become an unrestricted free agent on July 1 after his current deal expires, and spent last season almost entirely in the minor leagues. Sustr was once a full-time member of the Tampa Bay Lightning blue line, but fell out of favor and never found his footing in the Anaheim Ducks organization.
Snapshots: Trade Bait, Free Agency, Canucks
Despite the Stanley Cup Final still being at least two games from completion, trade news has exploded in recent days around the hockey world. Players like Jacob Trouba, Nikita Zaitsev and Phil Kessel are all expected to be moved at some point this summer, and Craig Custance of The Athletic (subscription required) writes that the rest of the trade market is expected to be quite active. Custance breaks down his top-20 players who could be on the move, and includes Trouba right at the top after speaking with executives and scouts around the league.
There are other interesting notes in the list though, including the fact that the San Jose Sharks showed interest in New York Rangers forward Vladislav Namestnikov at the trade deadline before acquiring Gustav Nyquist. Namestnikov hasn’t quite found his touch with the Rangers since being part of the deal that sent Ryan McDonagh to Tampa Bay, and is heading into the final year before unrestricted free agency. The 26-year old has shown flashes of immense offensive potential in the past, but scored just 31 points in 78 games last season for the Rangers.
- The Winnipeg Jets have re-opened talks with pending unrestricted free agent Tyler Myers according to Frank Seravalli of TSN. In his latest Free Agent Frenzy column, the scribe notes that with an understanding of the trade market for Trouba, GM Kevin Cheveldayoff has circled back to Myers to see what it would take to bring him back to Winnipeg. The 28-year old defenseman still ranks seventh on the TSN free agent list, but could disappear entirely if the Jets are able to re-sign him before the interview process starts on June 23.
- The same could be said about both Luke Schenn and Alexander Edler, who continue to discuss new contracts with the Vancouver Canucks according to GM Jim Benning on a Sportsnet radio appearance today. Benning also shot down any rumors that the team and RFA Brock Boeser are far apart on contract talks, noting that contract negotiations have “gone in the right direction.” The Canucks GM could not comment directly on the recent Zaitsev report, but is having lots of trade conversations to see if there is a way to improve the team.
Financial Flexibility Key To Sharks’ Offseason
The San Jose Sharks went all-in this season. A team that was already strong enough to compete for the Stanley Cup decided to go out and acquire Erik Karlsson before the start of the season, sending a huge package of assets to the Ottawa Senators in exchange for the star defenseman. That came just a few months after the team had snatched Evander Kane at the 2018 trade deadline, which had already cost them a fair amount of draft capital. As if that wasn’t enough, they then went out at this year’s deadline and acquired Gustav Nyquist for another set of picks, leaving them with just one selection in the first four rounds this year and without their first and third picks next season.
That kind of shopping spree usually leaves a team with plenty of regret if they don’t end up winning it all. The Sharks, if you weren’t paying attention, didn’t win it all.
Still, as San Jose head into the offseason after another disappointing playoff loss, there is still hope. Despite having a relatively bare cupboard of draft picks, and three players on the roster making more than $8MM per season despite being on the wrong side of thirty, the Sharks have an incredible amount of flexibility this summer. That’s thanks to a whopping seven players reaching unrestricted free agency, allowing the team to pick and choose who they bring back and for how much.
Obviously, watching Karlsson walk after one year—or Nyquist after a few months—would be frustrating for the Sharks. The same could be said about long-time leaders in Joe Pavelski and Joe Thornton, both of whom are also set to become unrestricted free agents. But within that potential frustration is also an opportunity, one which could result in the Sharks being just as competitive again next season, albeit with a different cast of characters.
Specifically, Karlsson and Nyquist come with more than just a monetary price tag. Both players will cost the team a second round pick if they re-sign, to Ottawa or Detroit respectively, as part of the conditions of their trades. That may end up being a deciding factor if GM Doug Wilson doesn’t want to lose any more of his already rare picks. Pavelski and Thornton meanwhile come with age and injury concerns, given how their last few seasons have gone. Both—and perhaps especially Pavelski—are still effective, but Wilson may have to make the hard decision of letting franchise icons leave, as he did with Patrick Marleau two years ago, if they demand too much money.
It’s that money question that is what makes this summer so interesting for the Sharks. CapFriendly currently projects San Jose to have nearly $25MM in cap space for next season, thanks to just 14 players in the entire organization with one-way contracts. Obviously the team will need to sign several players to fill their ranks, but they aren’t forced into anything at the moment. The next wave of on-ice leaders for the Sharks is going to include players like Kevin Labanc and Timo Meier, but both are restricted free agents who can either be signed long-term or short depending on the rest of the offseason. Neither one has arbitration rights, meaning the team can take negotiations slow if they choose.
Like last offseason, when the Sharks made a pitch to top free agent John Tavares, Wilson can see what the prices are on some of the other top names before backing himself into a corner. Thornton has already said that he would only come back to play for San Jose, while it would be hard to see Pavelski running into the arms of another team without giving the Sharks every chance to match whatever offers come in.
There’s nothing good about having such a small selection of draft picks, but the Sharks have done so well over the last few years—Labanc, for instance is a sixth-round pick from 2014 who looks like he may be a 70-point scorer one day—they have enough built into the system to overcome this short lull. It’s free agency that will be really interesting for a team that can’t seem to get over the hump, and they have more than enough financial ammunition to make it a show.
Photo courtesy of USA Today Sports Images
Trade Rumors: Trade Bait, Panarin, Condon
For everyone but the Boston Bruins and St. Louis Blues, the off-season is already in full swing and with the NHL Draft less than three weeks away, the rumor mill is starting to heat back up. TSN’s Frank Seravalli has updated his Trade Bait list and it features a whopping ten new names out of 25 total players. Leading the way among the newcomers is talented, young Philadelphia Flyers defenseman Shayne Gostisbehere. Gostisbehere has emerged as a candidate to move if the Flyers can land a top-six forward in exchange, as they look to be aggressive this off-season. Also new to the list are names included in the overturned Phil Kessel-to-Minnesota trade, Jack Johnson and Victor Rask, with Jason Zucker and Kessel now long-time fixtures. Another player tied to recent rumors making his trade bait debut is the Vancouver Canucks’ Loui Eriksson, who has been linked to former teammate Milan Lucic, also on the list, and the Edmonton Oilers, but could move in any number of possible deals. As the Florida Panthers look to shake up their roster in free agency, James Reimer and Mike Hoffman have made the list as possible cap space casualties. So too have Toronto Maple Leafs teammates Nazem Kadri and Mitch Marner, even though Seravalli himself agrees that a Marner trade is a long shot. With plenty of talent filling the early off-season trade bait board, it could be a busy summer for high-profile trades, some of which could begin even before the draft kicks off on June 21st.
- A seemingly curious continued presence on the trade bait list is that of Artemi Panarin. It was one thing for Panarin to be atop the list as the trade deadline approached and the Columbus Blue Jackets were unsure whether or not they would sell the all-world forward. However, after keeping Panarin, an impending unrestricted free agent, it may seem that his trade value has now disappeared, since he is weeks away from hitting the open market. However, as a 27-year-old premiere free agent, both Panarin and his suitors will be interested in that eighth year of contract term that is only available to the incumbent team. As such, the Blue Jackets could look to squeeze the very last drops of value out of Panarin by trading his rights before the league year ends, allowing a new team to sign him to an eight-year extension rather than a seven-year free agent contract. While possible, and often valuable, acquiring UFA signing rights is not as frequent a move as one might expect. The last team to do so was the Florida Panthers in 2016, adding an expiring Keith Yandle for a a sixth-round pick and conditional fourth-round pick. That same year, the Arizona Coyotes did the same, bringing in Alex Goligoski on the tail end of his contract with the Dallas Stars for a fifth-round pick. Not since Ilya Bryzgalov in 2011 has a player’s UFA rights drawn more than a fourth-round pick at best, but Panarin is a unique player and Columbus could land a third-round pick or more in exchange for the opportunity to sign him to that one extra year – and to keep him from testing the market.
- Unsurprisingly, the extension of goaltender Anders Nilsson in Ottawa has prompted speculation that the Senators will try to move overpaid third-string option Mike Condon. The Ottawa Sun’s Bruce Garrioch writes that Condon’s “days are numbered” with the team, as there’s no room for him in Ottawa behind Nilsson and Craig Anderson and he’s not wanted in Belleville with Filip Gustavsson, Joey Daccord, and possibly Marcus Hogberg in the mix. Cap space is not a problem for the Senators, but Garrioch still believes they would prefer to trade Condon and all or part of his $2.4MM salary next season rather than buy him out at the cost of $400K next year and $1MM the year after. Garrioch can only make a case that perhaps some team with weak goalie depth would be interested in Condon as a strong AHL option next season, as the 29-year-old is unlikely to be considered a regular NHL option. Perhaps after the free agent goalie market shakes out in early July, the Senators will be able to find a partner who missed out on their targets and could use Condon’s services. Otherwise, a buyout does seem to be the more likely route.