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Toronto Maple Leafs Making Progress On Auston Matthews Extension

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A topic of speculation for years around the hockey world has been offer sheets and how teams could use them as predatory strikes against rivals, driving up cap hits or attempting to steal their best players. One team in particular that is targeted with hypothetical situations is the Toronto Maple Leafs, who have heard that just about every team in the league is preparing to sign both Auston Matthews and Mitch Marner to offer sheets this summer. The Maple Leafs are in a tricky financial situation after signing William Nylander and John Tavares to expensive long-term deals, meaning it would be tough for them to match the lucrative offers some other franchises could wave in front of their other young stars.

There are so many barriers before anything like that actually happens though, and one of them is simply the Maple Leafs signing Matthews or Marner to a long-term extension before they even reach restricted free agency in the first place. Though that won’t take place with Marner, whose representatives have made it clear they will wait until after the season to start negotiating, it very well may happen with Matthews. Today, when speaking with reporters in Toronto including Chris Johnston of Sportsnet, GM Kyle Dubas explained that the team has “made progress” on an extension for their explosive sniper. Dubas would like the deal done before the trade deadline if possible.

Matthews, 21, is having another fantastic season for the Maple Leafs with 20 goals and 42 points in 34 games. Though he missed a fair chunk of time earlier in the year—and is in something of a slump at the moment—he’s still poised to have quite the resume when discussing any long-term extension.

When Connor McDavid signed his record-setting eight-year $100MM extension in 2017, he had just 148 points in 127 games. McDavid had missed nearly half of his rookie season with injury, but was fresh off an 100-point year and a pile of individual awards. Jack Eichel meanwhile had just 113 points in 142 games when he signed his eight-year $80MM extension with the Buffalo Sabres, who were betting on his potential more than his production in the early part of his career. He too missed games as a sophomore, and didn’t have quite the lofty statistics that McDavid had recorded.

Matthews then may fall somewhere in the middle given what he’s done so far. The Toronto center has 174 points in 178 games including a 40-goal campaign and Calder Trophy as a rookie in 2016-17. He ranks seventh in goals since the start of that season with 94, despite averaging fewer than 18 minutes a night over that span.

The salary cap has gone up since McDavid and Eichel signed their contracts though, meaning the same percentage would be worth more if Matthews were to sign today. For instance, if he matched the same 13.33% that the Sabres gave to Eichel, Matthews’ deal would come in around $10.6MM per season going with this year’s $79.5MM cap. That would seem to be his floor, though the Maple Leafs will surely try to get him in at the lowest possible number.

Toronto already has an $11MM player in Tavares, and very well could have two more eight-digit earners in Matthews and Marner next season depending on how negotiations go. That kind of commitment to a handful of forwards will put a strain on the rest of their roster, especially given that young players like Kasperi Kapanen and Andreas Johnsson are also set to hit restricted free agency. Getting Matthews under contract as soon as possible will give the front office more time to figure out how everything is going to work, and decide whether or not they can actually acquire a player with any kind of term at the upcoming trade deadline.

Photo courtesy of USA Today Sports Images

Teuvo Teravainen Signs Five-Year Extension

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The Carolina Hurricanes have locked up one of their most consistent offensive performers, signing Teuvo Teravainen to a five-year extension. The deal will carry an average annual value of $5.4MM and keep Teravainen from reaching free agency until after the 2023-24 season. The 24-year old forward was scheduled to become a restricted free agent this summer. Carolina GM Don Waddell released a statement about the signing:

Teuvo has improved every year of his NHL career and has established himself as a cornerstone forward for the Hurricanes now and into the future. He has shown that he is capable of adapting and expanding his role with our team, becoming a key penalty killer for Rod [Brind’amour] this season. He’s still just 24 years old and we believe he will only continue to grow as a player.

Teravainen was acquired by the Hurricanes in a 2016 transaction that used their cap space as an asset, taking on Bryan Bickell’s contract from the Chicago Blackhawks alongside the young forward. In his first season in Carolina the part-time center recorded 15 goals and 42 points, but really broke out in 2017-18 when he was moved to the wing. Teravainen finished with 64 points last season, just one behind Sebastian Aho for the team lead. That kind of production, when added to the 39-point season he’s working on so far in 2018-19, made him a prime candidate for a long-term extension in Carolina.

This extension buys out just two years of unrestricted free agency, allowing the Hurricanes to keep the cap hit relatively low while still locking Teravainen up through his prime. His contract actually compares directly to one that the Hurricanes just acquired in Nino Niederreiter, who signed a very similar five-year contract in 2017 that carries a $5.25MM cap hit. Those two project to be Carolina’s top earning forwards next season, at least until Sebastian Aho signs his next deal which will likely also be of the long-term variety.

Carolina is trying to build a forward core that can stay and grow together over the next few years, and there was little doubt that Teravainen would be a part of that. Getting his deal done early also signals to the rest of their group that they’re willing to hand out reasonable long-term deals, something that was in question after failing to get anything done with Elias Lindholm before trading him out of town. Next on the agenda could be Micheal Ferland, who is a pending unrestricted free agent and top trade chip, but one the Hurricanes have indicated they would like to re-sign if possible.

Photo courtesy of USA Today Sports Images

Senators Make Long-Term Offer To Matt Duchene

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The word out of Ottawa in recent years was that owner Eugene Melnyk was hesitant to pay the market price for top talent and did not want his team approaching the salary cap ceiling. Unfortunately, if the Senators have any chance of improving next season after back-to-back bottom-dwelling campaigns, they need to re-sign Mark Stone and Matt Duchene and doing so will certainly not be cheap. While serious extension talks with the former began weeks ago, there is now a promising update on the latter as well. Several sources report that Senators GM Pierre Dorion recently met with Duchene’s agent, Pat Brisson, and began negotiations on an eight-year contract extension.

The first report on this topic came from Sportsnet’s Nick Kypreos late last night, who stated that the initial offer is eight years and $64MM for an AAV of $8MM. While Kypreos feels this is a fair valuation for the the 28-year-old forward, it presents only a $2MM boost from Duchene’s current $6MM cap hit from a contract he signed six years ago with a substantially smaller salary cap limit in place. Duchene is also scoring at a career-high clip of 1.18 points per game and, if he stays healthy, is on pace for 85 points in 73 games this season, also a career best. That could be enough to make Duchene the top-scoring forward on the free agent market or at least among the top three with Stone and Artemi Panarin. Regardless, he will be the most highly sought-after center this summer if he does reach free agency and that knowledge will add a premium to extension talks. Thus, it comes as little surprise that TSN’s Darren Dreger reports that the “ballpark” numbers on an eight-year deal for Duchene are actually $65-75MM total, for an AAV above $8MM and ranging to nearly $9.4MM.

Regardless of the exact numbers, Senators fans will be happy to hear that the team is at least laying the ground work for an extension with Duchene, as well as Stone. With that said, with the NHL Trade Deadline coming up next month, Ottawa will need to work quickly to get the pair re-signed or otherwise need to begin shopping them for the best offer. Sportsnet’s Elliotte Friedman expects that there will be deadlines attached to any extension offers so as to allow the team the time needed to have trade talks if contract talks aren’t going as well. The next few weeks will decide which option comes out on top, but for the sake of the Senators franchise, one would hope that at least one of Duchene or Stone re-up with the club. It is a promising step to hear that they are actually discussing reasonable figures in these initial extension talks and maybe Ottawa fans will have the stroke of good luck they so desperately need with new deals for both players.

San Jose Sharks Sign Marcus Sorensen To Two-Year Extension

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The San Jose Sharks are facing more than a few tough decisions when it comes to impending free agents this season. Fortunately, they’ve been able to get out in front of at least one set of negotiations. The Sharks have announced a two-year extension with forward Marcus Sorensen. TSN’s Pierre LeBrun adds that the new contract carries a $1.5MM cap hit.

Sorensen, 26, was set to hit the open market this summer for the first time as an established pro, but has in fact been a free agent before. Sorensen was actually a fourth-round pick by the Ottawa Senators back in 2010, but the team opted not to sign him. He remained in his native Sweden until a breakout season with Djurgardens IF in 2015-16 prompted him to examine his options in the NHL. Sorensen signed a one-year entry-level deal with San Jose and then signed a subsequent two-year extension, playing each season with the Sharks at under $1MM. Sorensen was nothing more than a part-time depth asset through his first two years, but this year is vastly outplaying his $700K price tag. The versatile bottom-six forward has a career-high 15 points and 47 games played already, having finally carved out a regular role for himself. While Sorensen possesses natural offensive instincts and stick-handling skills, he has finally embraced a more physical, high-energy game that makes him a valued depth forward.

With Sorensen signed, the Sharks have at least made a small dent in their laundry list of free agency decisions. Captain Joe Pavelski, aging legend Joe Thornton, and talented winger Joonas Donskoi are all set to be unrestricted free agents, while breakout star Timo Meier and fellow young forward Kevin Labanc are also due new contracts as restricted free agents. Of course, that’s just up front, as superstar defenseman Erik Karlsson is obviously the team’s biggest question mark. The Sharks are rolling right now, winning eight of their last ten games, and are legitimate Stanley Cup threats this season. How well that pursuit goes will obviously dictate what steps they take in free agency. Yet, the team already determined that Sorensen was a player worth keeping no matter what, which says a lot about how much the team values their under-rated forward.

Extensive Power Forward Trade Market Forming

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If the 2019 NHL Trade Deadline is deep at any one type of player, it is power forward. As the February 25th deadline grows closer and teams begin to make tough decisions about who goes and who stays, it is becoming clear that many big, physical scoring forwards are about to be up for grabs before they hit free agency. Just this past week, it was reported that the Philadelphia Flyers’ Wayne Simmonds was likely to be moved and inferred that the Carolina Hurricanes and Micheal Ferland were unlikely to come to terms ahead of the deadline. And that’s just the beginning.

Outside of the 6’2″ Simmonds and 220-lb. Ferland, there are plenty of other names out there that fit the power forward mold. Since this summer, the New York Rangers’ Kevin Hayes has been earmarked for a deadline trade. If they cannot agree to an extension, the Ottawa Senators may be forced to move star Mark Stone. Should the New York Islanders or Colorado Avalanche fall out of the playoff race, Brock Nelson and Colin Wilson – neither of whom look like long-term fits on their respective teams – should be on the block. To some surprise, Patrick Maroon’s time with his hometown St. Louis Blues appears to be already running out. Even role player power forwards like New Jersey’s Brian Boyle and Florida’s Troy Brouwer should draw interest.

Many of these players feature on the trade bait lists from both The Athletic and TSN, as well as some non-UFA power forwards like the Blues’ Brayden Schenn, the Rangers’ Chris Kreider, the Wild’s Nino Niederreiter, and even young Jesse Puljujarvi of the Edmonton Oilers. While it may seem like too many names for too few teams – and it is a buyer’s market this year for sure – The Athletic’s Pierre LeBrun mentioned a number of suitors for a power forward who could make a move for one or more of these trade candidates in the coming weeks. At the top, LeBrun sees some of the biggest contenders as likely landing spots, naming the Tampa Bay Lightning, Nashville Predators, Winnipeg Jets, and Calgary Flames as good fits for Simmonds, Ferland, and the like. He also adds the Boston Bruins and Vegas Golden Knights into that group. Of course, the Bruins and Jets also have needs down the middle and could be more ideal fits for Hayes or Nelson, while the wingers would appeal more to Tampa Bay and Nashville. While LeBrun casts doubt on the Toronto Maple Leafs being interested, if an arms race begins the team could feel pressured to add to their forward corps as well. The Colorado Avalanche and Dallas Stars, both in need of secondary scoring, could also jump in on the action, while the Patric Hornqvist injury could prompt the Pittsburgh Penguins to make another move.

With so many power forwards potentially available and prices expected to be low, it could be that the majority of playoff-bound teams decide to add a hired gun up front this season. You can never have too much size and grit in the postseason, not to mention scoring touch, and the 2019 deadline could be defined by many players possessing those exact traits heading to new teams. With plenty of talent available, one of the aforementioned players might just end up being the x-factor for the eventual Stanley Cup champions this year.

Lightning, Blackhawks Swap Slater Koekkoek And Jan Rutta

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Young defenseman Slater Koekkoek had one game remaining in his conditioning reassignment and the Tampa Bay Lightning had been searching for a trade partner before its expiration. They have found one, as TSN’s Bob McKenzie was the first to report that Koekkoek is headed to the Chicago Blackhawks in exchange for veteran defenseman Jan Rutta. Also being exchanged are two late draft picks, as Chicago acquires a 2019 fifth-round pick and Tampa acquires a 2019 seventh-round pick, per the Blackhawks’ announcement.

This is the fourth trade made today alone, as the NHL trade market appears to be heating up. While Koekkoek had long been expected to be moved, Rutta comes as slightly more of a surprise. The 28-year-old cleared waivers and was sent to the AHL last month after recording just six points through 28 games. Rutta came over from his native Czech Republic last season as one of the best defenseman in the top Czech league. He carved out a role for himself with Chicago, registering 20 points in 57 games and showing flashes of brilliance at times. The Blackhawks resigned Rutta to a one-year,  $2.25MM contract that immediately turned on them as he struggled right off the bat this season. Given that he cleared waivers not long ago in the midst of a down season and the Blackhawks have since traded Brandon Manning and released Jason Garrison, Ruuta’s name had not been heard much on the rumor mill.

Yet, despite his struggles and impending free agency, not to mention being both older and having less NHL experience, the details of the trade imply Rutta is considered the better of the two players. Chicago acquired both Koekkoek, who the team may control as an impending restricted free agent, and the better of the two picks in the deal. Rutta is nice depth piece for Tampa Bay in their pursuit of a Stanley Cup, but Koekkoek has the higher ceiling and longevity. The No. 10 pick overall in 2012, the 24-year-old Koekkoek is a hard-working defenseman who possesses the puck well. However, he simply never played consistently well enough to earn a regular role for the Lightning and the risk of losing him for nothing on waivers had begun to hamstring their roster decisions. There is some question as to whether Koekkoek has the high-end skill of a true NHL defenseman, but he will get the opportunity to prove it one way or another for the struggling Blackhawks, who made a completely risk-free trade.

Snapshots: Trade Bait, Three Stars, Dobson

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The NHL trade season is upon us with only seven weeks until the deadline and teams falling out of the playoff race. With that, Craig Custance of The Athletic (subscription required) broke down his list of 20 players who could be on the move before February 25th. At the top of the list is Artemi Panarin, who is still without a contract extension as we head into the second half of the season. The Columbus Blue Jackets are trying to make a deep Stanley Cup run and have perhaps the toughest decisions in the league with Panarin and Sergei Bobrovsky set to hit unrestricted free agency.

Deeper down the list though Custance provides some details on asking prices, explaining that a deal to acquire Jake Muzzin from the Los Angeles Kings would need to start with a first-round pick while Alec Martinez might cost just a second-round pick and a good prospect. The Kings still sit at the bottom of the Pacific Division and are the only NHL team to have scored fewer than 100 goals this season. There are changes coming for Los Angeles, but in a “strong buyers market” it will be interesting to see how much they really get back for some of their trade assets.

  • Last week’s Three Stars have been revealed by the NHL, with Johnny Gaudreau taking home the top honors. Gaudreau recorded 11 points in four games and has led the Calgary Flames all season. Brent Burns takes home the second star, but most interesting might be Robin Lehner in the third position. Lehner looked to be on the brink of losing his NHL career when he went unqualified by the Buffalo Sabres, but has turned things around dramatically this season with the New York Islanders. With a .927 save percentage there is good reason to believe that Lehner could be one of the top goaltending options on the market this summer after his one-year deal expires, unless the Islanders can lock him up over the next few months.
  • Noah Dobson might be best known to many hockey fans for his stick exploding in overtime for Canada in the recent World Junior Championship, but he’s also a dominant defenseman and leader in the QMJHL. The Islanders prospect is on the move thanks to a junior deadline deal that will send him to the Rouyn-Noranda Huskies for the remainder of the season. The Huskies sent three first-round picks and a second-round pick for the right to acquire Dobson, who will give them another huge weapon on their quest for a Memorial Cup berth. The trade deadline for the OHL and WHL meanwhile passes on Thursday, meaning many more top prospects will be on the move.

San Jose Sharks Sign Lukas Radil To One-Year Extension

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With eight forwards heading for either restricted or unrestricted free agency, the San Jose Sharks have cut that number down as they announced they have signed forward Lukas Radil to one-year extension for the 2019-20 season. CapFriendly reports that the extension will be for $700K, a small decrease from his current AAV of $750K but this new contract will be a one-way pact.

“He has seized the opportunity that he has been given and earned his place on our team,” said general manager Doug Wilson. “His love for the game is apparent as is his character and maturity to how he plays the game. We feel that his game will continue to grow.”

The 28-year-old has played overseas until this season, his last three in the KHL, where he tallied 41 goals over three seasons for Moscow Spartak. San Jose signed the forward to a one-year, $750K deal in April of 2018. He played 11 games with the Barracuda in the AHL earlier this season where he put up six points, but has been even more impressive after getting promoted to the Sharks where he has scored six goals and nine points in 18 games this year and holds a +10 rating, which is third on the team in plus/minus.

Wilson has quite a bit of work to do this offseason as the team has a number of players hitting unrestricted free agency, including Joe Pavelski, Joe Thornton, Joonas Donskoi and Marcus Sorensen. That doesn’t include their biggest free agency concern in defenseman Erik Karlsson. The team also has to work on new contracts for restricted free agents Timo Meier, Kevin Labanc, Rourke Chartier and Joakim Ryan. So locking up Radil to another one-year extension helps add some depth for next year and keeps Radil from leaving to another team or returning to Europe.

The Athletic’s Kevin Kurz was the first to report the extension.

Extension Talks Cooling Between Ottawa Senators, Matt Duchene

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After colleague Elliotte Friedman wrote about the Ottawa Senators and their upcoming extension candidates just earlier today, Sportsnet’s Chris Johnston added some more information during the Headlines segment in the first intermission of the Vancouver Canucks-Toronto Maple Leafs game. Johnston reported that extension talks between the Senators and top center Matt Duchene have cooled off of late, and that he may become more of a trade candidate in the coming weeks:

The clock ticks towards February 25th and the NHL trade deadline, and as it does so it’s quite interesting that the talks between the Ottawa Senators and Matt Duchene—their pending unrestricted free agent—appear to have cooled off. There doesn’t seem to have been anything of substance here in recent times, no talks are immediately scheduled in the weeks ahead. Why this is interesting is because Ottawa has struggled, having lost seven straight. Pierre Dorion, the General Manager obviously doesn’t want to place any sort of a deadline on when he needs an answer on Matt Duchene’s intentions [and] whether he will sign an extension. Clearly as this slides along we are looking at him as a potential target in that trade deadline period and someone that the Senators are going to have to make a decision on. I don’t get the sense from Duchene’s side that there’s any rush for them to make that kind of decision.

Duchene is not the only player on the Senators in this sort of situation, as both Mark Stone and Ryan Dzingel are also unrestricted free agents at the end of the year and would be very appealing to teams at the deadline, but he may be the most important. Dorion went out on a limb last year by trading a huge amount of assets in order to bring Duchene to Ottawa, knowing that he was scheduled for free agency not even two seasons later. The most infamous asset in that package is the first-round pick that Ottawa owes Colorado, which must be given this year even if it is the first overall selection. Watching Duchene walk out the door for nothing in free agency just a few days after that draft would be an absolute disaster for the Senators.

So, it seems as though whether Dorion wants to put a deadline on extension talks or not there will come a day when the Senators need an answer. Allowing the trade deadline to pass without a deal signed and delivered would be extremely dangerous, even if substantial progress has been made. That means the team has just over seven weeks to work something out or they very well could be forced to take the best offer from around the league.

Those offers though should be quite enticing on their own. Duchene is in the midst of the best offensive season of his career with 41 points in 36 games, and has routinely been one of the best players on the ice despite the Senators overall record. The fact that 32 of those points are at even-strength and the 27-year old center has been his usual dominant self in the faceoff circle will only improve the interest from around the league, and there very well could be a bidding war for him as the best center on the market. Duchene’s $6MM cap hit certainly isn’t small, but the Senators could potentially retain salary to make him fit into basically every contender’s financial structure in order to maximize a return.

Still, there’s no reason to assume that things are headed towards a trade for at least another few weeks. Dorion could easily pick up the phone and start up talks again, or reach out with an long-term offer to Duchene’s camp. Until that happens though speculation will run wild around the Senators and their pending free agents, especially after this recent skid has sent them plummeting to the bottom of the NHL standings.

Trade Rumors: Senators, Ferland, Goldobin

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In his latest “31 Thoughts” article, Sportsnet’s Elliotte Friedman poses the question on the mind of many fans and general managers alike: how long will the Ottawa Senators wait to make a decision on the futures of their impending free agent stars? The team made it a point to say early in the season that they had talked about a new contract with Matt Duchene and just recently it was reported that Mark Stone is prepared to talk to the team as well, now that he is eligible for an extension in the new year. Friedman adds that the Ottawa has already approached Ryan Dzingel about a new deal as well. The Senators clearly have plans to discuss contract extensions with the trio, but with the NHL Trade Deadline less than two months away, at what point will they begin talking to other teams instead? On one hand, the Senators owe the bulk of their meager offense to these three impending free agents and seemingly must do their best to bring back as many as they can. Stone leads the team with 45 points, while Duchene has missed six games but nevertheless is second with 40 points, and Dzingel is fourth – third among forwards – with 29 points. The idea that the team could lose all three and somehow improve next season seems like a long shot to say the least. The team has to do their best to resign the group. Yet, if the trio were to depart, it would be much nicer if they did so with a parting gift. Even if GM Pierre Dorion holds on to each player through the deadline in hopes of resigning them, there is no guarantee that they will stay in Ottawa. Rather than lose them for nothing, the Senators would benefit far more from trading them for hefty returns this season. Odds are that the team negotiates with each one of Stone, Duchene, and Dzingel right up until deadline before making a move, but if the market is stronger beforehand, Dorion and company will have some difficult decisions to make.

  • The Carolina Hurricanes are in a similar position with off-season acquisition Micheal Ferland. Ferland, an overlooked part of the Dougie Hamilton trade between the ’Canes and Calgary Flames, has enjoyed a breakout season in Carolina. Ferland is fourth on the team in scoring with 19 points and is currently on pace to set a new career high in scoring despite missing seven games due to injury. Friedman’s opinion on this situation is somewhat more definitive than Ottawa’s. Friedman claims that the two teams are talking extension, but if one is not in place by the trade deadline, Ferland will certainly be moved. The two-way left wing would be a highly valued asset on the rental market and Carolina would not hesitate to get what they can in a trade. Ferland, who has found a fit with Carolina, may not even rule out returning to the team in free agency, even if they can’t come to terms on a new contract this year. The only question remaining is how soon the Hurricanes would be willing to move Ferland if a deal is not coming together.
  • One surprise player who Friedman notes could be available is Vancouver Canucks forward Nikolay Goldobin. Friedman states that the team is merely looking into the potential return for the young winger right now, but even testing the market on Goldobin is unexpected. The 23-year-old winger is fourth on the team in scoring with 23 points in 41 games and at times has looked like a key piece of the young core for the Canucks. Yet, he has also moved around the lineup frequently and has even been a healthy scratch. It could be that Vancouver is fearful of upcoming negotiations with the impending restricted free agent, as GM Jim Benning and head coach Travis Green are not yet sold that he is worthy of a long-term contract, nor does the team want to be saddled with an arbitration decision. Regardless, a young player with the offensive upside of Goldobin is a rare entry into the trade market (although he has already been traded once in his career) and if the Canucks truly make him available, they will surely find takers.

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