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George McPhee

Vegas Golden Knights Looking To Move Out Salary

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The Vegas Golden Knights have gone from an empty expansion team roster to a cap crunch sooner than anyone could have expected. The defending Western Conference champs are enjoying another strong season and made a major splash at the trade deadline, acquiring Mark Stone and subsequently signing him to an eight-year, $76MM extension. GM George McPhee made the move knowing that the majority of the roster was locked up through next season and beyond and he would not be forcing anyone out by adding a $9.5MM cap hit to the payroll; or so he hopes. The other side of that coin is the lack of free agents who could depart Vegas naturally this off-season leaves little cap flexibility for the one major extension the team needs to make: top line center and impending restricted free agent William Karlsson. 

Karlsson, 26, bet on himself this past year when he signed a one-year, $5.25MM deal with Vegas following a breakout 78-point campaign. He hasn’t quite replicated those numbers this season, but with 44 points through 71 games, Karlsson is on a 51-point pace and has at least proven that he is a reliable contributor and will almost certainly be able to command a raise in his next deal, which is likely to be a long-term pact.

The only problem is that CapFriendly currently projects Vegas to have negative cap space next season. Of course, this does not take into account a likely bump in the cap ceiling nor does it exclude the cap hit of the injured David Clarkson, but the Knights have joined the select few teams who are in a legitimate cap crunch, where the salary they need to add to complete their roster does not match up with the space they expect to work with. For now, McPhee is waiting to see what his options are before moving forward in talks with Karlsson. The Athletic’s Jesse Granger reports that the two sides have not talked contract yet and do not plan to until after the season. Even if early discussions go smoothly, that timeline almost assures that Karlsson will again file for arbitration and bad decision for the team side could cause major problems.

As a result, Granger expects the team to work quickly to move out salary this off-season. In addition to Karlsson, Tomas Nosek and Malcolm Subban are also restricted free agents, while veteran leader Deryk Engelland and goal scorer Brandon Pirri are among the UFA’s they might be interested in re-signing. It’s a group of players that each made no more than $1.5MM this season, but new deals even at those same values add up in addition to Karlsson’s demands. Granger expects the Knights to have $5.75MM in cap space, which is likely not enough to re-sign Karlsson, nevertheless these supporting pieces as well. The team could also use an upgrade at backup goalie, moving on from Subban for a more established piece.

So who could be on the move to help clear up space? Granger points to bottom-six forwards Ryan Reaves and Cody Eakin as the most likely trade casualties. Although Reaves is valued more for his checking game and willingness to defend his teammates, his nearly $3MM salary is hard to swallow given his paltry offensive contributions. Vegas could find a much cheaper option to fill Reaves’ role. Eakin is sixth in scoring for the Golden Knights this season, but is seemingly locked into a fourth-line center slot moving forward which doesn’t match up nicely with his contract of just under $4MM. Granger points out that both Reaves’ and Eakin’s contract expires after next season, so moving them may not be hard. However, McPhee could opt to deal from a greater position of strength: Vegas’ surplus of defensemen. The team could try to trade Colin Miller, who costs slightly more than Eakin against the cap and has taken a step back in his development this year. The 26-year-old is signed for three more years, but there are surely teams out there who would still be willing to take a chance on his upside. Other possibilities to clear cap space, albeit smaller amounts, are defenseman Jon Merrill and forward William Carrier.

Whatever McPhee decides to do, it is clear that he must move some salary out and the sooner the better once the off-season gets underway. The Golden Knights’ focus is elsewhere right now, but if this promising team is to keep their core together and continue their impressive start to the franchise, they need to do what it takes to keep Karlsson around long-term, even if it costs them in the short-term to do so.

Mark Stone Extension Delayed, But Still Coming

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After Mark Stone was traded to the Vegas Golden Knights just minutes before the February 25th trade deadline, he admitted to have already worked out an extension with the team. That extension was to be for eight years and $76MM, but couldn’t be officially filed until March 1st because of the “tagging” issue of having more than the salary cap ceiling already committed to the next season. Then March 1st came and went with no extension, leading some to wonder if something had occurred to stop the deal from coming together.

Not to worry Golden Knights fans, as Renaud Lavoie of TVA Sports reports that the only reason the deal isn’t done was a personal issue that kept GM George McPhee out of town. Lavoie notes that McPhee wanted to be there in person, and that the deal will be filed in the next few days.

Stone hasn’t been able to score much for the Golden Knights so far, recording just one assist in his four games for the club, but that hasn’t stopped him from making an impact. The former Ottawa Senators forward has attempted 23 shots so far, getting 13 of them on net. That kind of volume is sure to garner some results in the near future, even if Stone is playing fewer minutes than he has the last few seasons. Vegas takes on the Calgary Flames tonight in a battle of Western Conference titans, a matchup that would be a perfect time for Stone to break out and tally his first goal as a Golden Knight.

Deadline Primer: Vegas Golden Knights

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With the trade deadline fast approaching, we will be taking a closer look at the situation for each team over the coming weeks.  Where do they stand, what do they need to do, and what assets do they have to fill those needs? We start with a look at the Vegas Golden Knights.

This is a somewhat different year for the Vegas Golden Knights who took the league by storm last season in route to a Stanley Cup Finals appearance. While Vegas remains playoff bound as they are firmly entrenched in third place with 62 points. However, this Vegas team has shown inconsistency throughout the year. While it looked like the Golden Knights had turned the corner throughout December and January, the team suddenly finds itself in a four-game losing streak with the Tampa Bay Lightning in front of them next. After trading a first, second and third-round pick to acquire Tomas Tatar at the deadline, who turned out to be a major disappointment, the team might be more reluctant to make a big trade at the deadline and may be more inclined to just add some depth options this time around.

Record

29-21-4, third in the Pacific Division

Deadline Status

Buyer

Deadline Cap Space

$15.554MM in a full-season cap hit, 2/3 used salary cap retention slots, 47/50 contracts per CapFriendly

Upcoming Draft Picks

2019: VGK 1st, VGK 2nd, VGK 3rd, NSH 3rd, WPG 3rd, VGK 4th, MON 5th, MIN 5th, VGK 5th
2020: VGK 1st, VGK 2nd, DAL 2nd, PIT 2nd, VGK 3rd, VGK 4th, VGK 5th, VGK 6th, VGK 7th

Trade Chips

Perhaps the biggest trade chips that the Golden Knights possess are their draft picks. General manager George McPhee has already sent off quite a few to acquire Tatar and then flip him along with top prospect Nick Suzuki and another second-rounder to pry Max Pacioretty from Montreal. However, as the team keeps an eye the future, the team also full well knows it may not want to move any more of their top picks in the next few years. That doesn’t mean they don’t have some later picks that they could move, including three third-rounders this year and three second-round picks in 2020 if they want to add some depth to their team. If they really want to make a splash, the team could include a first-rounder, but they may be reluctant to do so.

The team also has significant cap room, although that has been slowly disappearing. The team still has to lock up center William Karlsson, who will be a restricted free agent against after signing a one-year deal, but the team has all their key players locked up for at least the next two years, so they could take on an expensive contract for a discount.

The forward lines look pretty set even without Erik Haula, who could miss the entire season, but the team has a number of depth forwards who they could move like Oscar Lindberg, Ryan Carpenter or even Tomas Nosek to free up a valuable roster space. The question is whether other teams would be interested in any of those options. Carpenter could be of value to a team needing a bottom-six depth option, while Nosek is still young enough to offer some potential. As for defense, while the team could use an upgrade, the Golden Knights already traded away Brad Hunt, suggesting they are unlikely to move another defenseman now and although they have several interesting young defenseman waiting in the wings in the AHL, it’s unlikely the team is going to move out a player to make space for a prospect.

Five Players To Watch For: F Carpenter, D Nicolas Hague, D Nick Holden, F Nosek, G Malcolm Subban

Team Needs

1) Top-Four Defenseman: While the team doesn’t really need a big-name forward at the trade deadline, defense could be a different matter. The Golden Knights defense is good, but the team was almost desperate to acquire Erik Karlsson last season from Ottawa, but came up just short. They followed that up by adding Nick Holden during the offseason, but that’s hardly the answer either. With Deryk Engelland starting to show his age, Holden struggling and star prospect Erik Brannstrom not yet ready to contribute, the team could use a defenseman that can help protect goaltender Marc-Andre Fleury. Plenty of rumors seem to have Vegas focused on one of St. Louis’ top defenders, including Alex Pietrangelo or Colton Parayko, but the team would obviously have to move more than a few middle-round picks to acquire either of them.

2) Back-up Goaltender: Vegas has struggled finding a solid backup. While Subban has the skills, the 25-year-old is just 2-5 this season with a 2.95 GAA and a .904 save percentage and is currently injured. On top of that, he has made just eight appearances this season, which isn’t really helping a 34-year-old Fleury who has already appeared in 46 games this season, the same number he played in during the regular season a year go. With no prospects in the wings, it might make sense for Vegas to go out and get a Keith Kinkaid, Jimmy Howard or another veteran goalie to fill the void for the remainder of the season and give them an option to re-sign them this summer if they work out.

Photo courtesy of USA Today Sports Images.

Kelly McCrimmon Drawing Interest From Edmonton, Seattle

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The Edmonton Oilers find themselves without a captain to lead the ship at the moment, instead handing off daily GM duties to the rest of the front office including Keith Gretzky and CEO Bob Nicholson himself. Firing Peter Chiarelli was a move many saw coming from a mile away, but it now leaves Edmonton in a midseason search for his replacement. Hockey insider Pierre LeBrun spoke to TSN’s Ryan Rishaug about who might be of interest to the Oilers management group, and Kelly McCrimmon’s name came up once again.

McCrimmon, currently the assistant GM of the Vegas Golden Knights, is a rising star in the NHL. After spending 28 years with the Brandon Wheat Kings of the WHL as owner, GM and coach for various periods, McCrimmon joined George McPhee to build a winner right from day one in Vegas. He did just that, helping craft an expansion draft strategy that saw the Golden Knights put together a team that took them all the way to the Stanley Cup Finals in their first year as an organization. That obviously turned some heads, but it’s tough to believe at this point that the Golden Knights would let him walk out the door in an unfinished second season.

LeBrun notes that McPhee previously told him that he would not stand in McCrimmon’s way, but that was in response to an inquiry about the opportunity that the new Seattle franchise might bring. In fact, LeBrun states that McCrimmon is indeed on Seattle’s short list for potential general managers though that process is still in its infancy. Edmonton obviously has a little more urgency, but there are obstacles in the way.

First and foremost is that the Golden Knights and Oilers are in the same division, fighting for the same playoff spots. Vegas sits 13 points ahead of the Oilers in the Pacific Division, but the two teams will battle twice more in the second half this season. They also aren’t scheduled to be split up anytime soon, given that the Seattle team is meant to push the Arizona Coyotes out of the Pacific when they enter the league. It’s going to be hard for McPhee to watch his right-hand man go to a division rival, and even harder to see it happen during the season.

Pacific Notes: Chiarelli, Haula, Tanev

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The Edmonton Oilers have been a team that has languished in mediocrity the last couple of years until the team fired head coach Doug McLellan and replaced him with Ken Hitchock. Since then the team seems almost unbeatable as the Oilers have produced a 9-2-2 record under the veteran head coach. Much of that credit might fall to general manager Peter Chiarelli.

With the sudden success of the team, The Athletic’s Daniel Nugent-Bowman (subcription required) interviewed Oilers’ CEO and vice-chair of Oilers Entertainment Group Bob Nicholson, who stated emphatically that if Edmonton makes the playoffs, Chiarelli’s job is safe.

“Yeah. There’s no question,” Nicholson. “I think there’s a lot of things that Peter hasn’t gotten credit for. He’s really started to build. You’re starting to see some of them come up now with the [Caleb] Joneses and the [Evan] Bouchards. We have a lot of assets, which this organization hadn’t had for a while. Peter deserves a lot of credit for that.”

Chiarelli has been highly criticized over the years after being hired in 2015, which included trading No. 1 overall pick Taylor Hall to New Jersey for defenseman Adam Larsson. He also made a few questionable acquisitions, including signing Milan Lucic to a seven-year, $42MM deal, which already looks like an albatross of a contract as there are still five years remaining, while Lucic is playing more of a bottom-six role for the team. Chiarelli also traded the team’s first and second-round picks to the New York Islanders for defenseman Griffin Reinhart, who played just 29 NHL games and is mired in the AHL for the Vegas Golden Knights. That first-round pick turned out to be Mathew Barzal.

However, the addition of Hitchcock and the signing of goaltender Mikko Koskinen have looked like solid moves this season. If the Oilers can continue on their torrid pace, Chiarelli may have done enough to stay on for a while longer.

  • While Vegas Golden Knights’ Erik Haula was listed as “month-to-month” a month ago, Las Vegas Review-Journal’s David Schoen reports that general manager George McPhee admitted that Haula actually had surgery in November after suffering the lower-body injury after being driven into the boards by Toronto Maple Leafs’ Patrick Marleau on Nov. 6. “He did have surgery,” McPhee said, who added that the injury was not an ACL injury. “It’s a unique injury.” McPhee has no timetable on Haula’s injury and wouldn’t even speculate as to whether last year’s 30-goal scorer would return for the regular season or even the playoffs. “It’s really hard to know,” McPhee said. “It’s going to be some months, but we don’t know because it’s just such a different injury than any of us have seen before.”
  • It’s possible that the Vancouver Canucks have waited too long to move defenseman Chris Tanev as a trade chip. According to Harman Dayal in The Athletic (subscription required), Tanev’s value has fallen quite a bit in the last few weeks and may not be a tradeable asset anymore. It’s believed that his inability to stay healthy is one problem and even though Tanev has played in 29 games this year, there are rumors that he’s hurt now and isn’t playing at his usual level of play. Whether his underwhelming play is a result of playing injured or rapidly declining play, it’s unlikely that Tanev could bring in anything back in value at the moment.

Vegas Signs Shea Theodore To Seven-Year Contract

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The stand-off between restricted free agent defenseman Shea Theodore and the Vegas Golden Knights is over and ended in a way that few expected after all this time. Late last night – or early this morning for many – Theodore ended his holdout by signing a seven-year extension worth $36.4MM, per a team release. It is a flat structure without any salary fluctuation or bonuses, but does include a modified No-Trade Clause in the final two years, as reported by TSN’s Pierre LeBrun. Theodore will now re-join the Knights at training camp and is expected to be ready for the start of the regular season.

The new contract carries a $5.2MM AAV, higher than Theodore’s reported comparable contracts of Winnipeg’s Josh Morrissey and Edmonton’s Darnell Nurse. However, those two players each signed two-year bridge deals, whereas Theodore was able to land long-term security, as well as eat into unrestricted free agency years, with five extra years at a salary of close to $2MM more. The cap hit for a long-term deal is also commensurate with Theodore’s experience relative to those two, comparable to recent deals signed by the likes of Toronto’s Nikita Zaitsev, Florida’s Michael Matheson, and the Rangers’ Brady Skjei. It turns out that term was actually the bigger factor in negotiations than salary, according to GM George McPhee, speaking to the media following the Knights’ preseason game last night. “I don’t know that we were ever really far apart; it was more what’s the right term. They were more interested in going shorter, we were more interested going longer,” McPhee said, adding that “When it was all laid out and explained” to Theodore, there was finally a resolution. McPhee stressed the importance of cost certainty when negotiation a long-term deal with a player they see as a major core piece moving forward, balancing cap space with commitment, and stating that he is “confident” with the long-term core they have put together.

Not long ago it seemed there was no resolution in sight between Theodore and the Golden Knights, only for a surprise long-term deal to be announced overnight. Could another contract negotiation break the same way? With Theodore signed, only the Maple Leafs’ William Nylander and the Ducks’ Nick Ritchie remain unsigned and the news out of both cities has been equally pessimistic. Yet, if Theodore can agree to deal with just some small tweaks and some inside information from management, others can too. With the regular season set to open next week, the clock is ticking for these two remaining RFA’s to make a deal.

West Notes: Schmidt, Theodore, Panik

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When Nate Schmidt was recently suspended for 20 games for violating the league’s Performance Enhancing Substance policy, the Vegas Golden Knights immediately came out in support of their defenseman, stating that they “strongly disagree” with the ruling. Schmidt himself stated that he believes the positive test came about through environmental contamination instead of any substance he ingested, given the minuscule amount that was found and the lack of any evidence in a hair sample.

Today, Vegas GM George McPhee didn’t go so far as blame Schmidt but did defend his organization and the Golden Knights’ training staff, telling reporters including Ken Boehlke of SinBin.vegas that the substance “didn’t come from us.” While Schmidt claimed that the only supplements he used were from the Golden Knights, McPhee explains that a simple protein shake could cause a positive test and that he has told other players that they “don’t need anything from anywhere else.” Schmidt is practicing in unofficial skates with other players from the team, but will miss the first 20 games of the regular season and is not allowed to play in any preseason contests.

  • McPhee also spoke about the still unsigned Shea Theodore, and told reporters that he hopes a deal will be completed soon. Theodore is one of 11 remaining restricted free agents without a contract, and could potentially miss part of training camp if he doesn’t have a new deal in the next week. The young defenseman is even more important for the Golden Knights now that Schmidt will miss a quarter of the season, and could be asked to log huge minutes in the early part of the year. Coming off his entry-level contract, the Golden Knights have a decision to make between signing him to a bridge deal on a lower cap hit or trying to lock up the 23-year old long-term before he really shows his full potential.
  • Richard Panik was arrested earlier in the offseason for trespassing at an Arizona establishment, and pleaded guilty in court this week. Craig Morgan of The Athletic passes along a statement from the Coyotes, which says they have dealt with the situation internally and won’t comment further. TMZ has released a video of the arrest, but even with the added publicity it seems as though the Coyotes will not hand out any punishment that includes a suspension.

Pacific Notes: Voynov, Theodore, Gusev, Sbisa

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Despite rumors this morning that former Los Angeles Kings defenseman Slava Voynov has been cleared to talk to NHL teams, Sportsnet’s John Shannon tweets that a source told him the NHL has not cleared the 28-year-old defenseman who left the NHL in 2014 after he was suspended by the league due to a domestic abuse case.

Voynov, who has played the past three years in the KHL, has indicated he’d like to return to the NHL and looked to be close to getting that opportunity in July when he was granted an expungement of his domestic abuse conviction. The Kings still own the rights to Voynov as he currently sits on the voluntary retirement list. Assuming he gets cleared at some point, Voynov would have to find a team interested in him, which might be difficult. Then that team would have to trade for his rights as the Kings have showed no interest in bringing the blueliner back.

Shannon added that if the NHL eventually decides to allow Voynov to return, he still would face a suspension from the league. The league, union and Voynov’s agent are all discussing his return.

  • Las Vegas Review Journals’ David Schoen reports there is little new information on the contract status of restricted free agent defenseman Shea Theodore. The scribe writes that with just three and a half weeks remaining until the start of training camp, there is some concern the 23-year-old blueliner might opt to hold out rather than settle. While there is no word how far apart they are in negotations, Theodore has expressed interest in signing a long-term deal and is likely to get money comparable to other deals signed by New Jersey Devils’ Damon Severson (six years, $25MM) and New York Rangers’ Brady Skjei (six years, $31.5MM), although a bridge deal isn’t out of the question either.
  • After recently meeting with Russian forward Vladimir Tkachyov a couple of days ago, Vegas Golden Knights general manager George McPhee was also seen immediately after that in St. Petersburg at a preseason KHL game involving SKA, the team that Nikita Gusev plays for, tweeted international reporter Igor Eronko. The highly-touted 26-year-old, whose rights are owned by the Golden Knights, will be a free agent next season and the team has made it clear they would like to bring him over for the 2019-20 season. Gusev has scored at least 20 goals in each of the last four seasons.
  • In another Golden Knights note, The Edmonton Journal’s Kurt Leavins tweets that he’s heard a rumor that Vegas is considering offer defenseman Luca Sbisa a PTO in the coming days. Sbisa produced a solid season for the Golden Knights when he wasn’t injured. Unfortunately, Sbisa only managed to be healthy for 30 contests, but proved to be a valuable leader. His offense also improved as he had 14 points in those 30 games, good second on his career-totals.

Vegas Golden Knights Linked To Vladimir Tkachyov

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In the early part of the 2017-18 season, one of the biggest stories in the NHL was that of Vadim Shipachyov. The Vegas Golden Knights had convinced the then 30-year old Shipachyov to leave the KHL after nine seasons in the league and come to North America to play in the NHL. Signing him to a two-year, $9MM contract before the expansion draft process or free agency, the Golden Knights were betting big on the talented Russian forward.

Unfortunately that relationship didn’t get off to a good start, with Shipachyov beginning the season in the minor leagues and failing to really ever establish himself with the Golden Knights. After just three NHL games, the two sides parted ways and Shipachyov returned nearly all of his $2MM signing bonus in order to return to Russia. Some noted that the tough situation might prevent the Golden Knights from convincing other Russian free agents—including Nikita Gusev, whose rights belong to Vegas—from joining their organization in the future, though there was never any real evidence to support it.

Now, Igor Eronko of Sport-Express passes on a Russian report that Golden Knights GM George McPhee recently had a meeting with Vladimir Tkachyov, whose contract is scheduled to expire next spring. Tkachyov—the 24-year old center playing for Ak Bars Kazan—was linked to teams like the New Jersey Devils, Toronto Maple Leafs and Edmonton Oilers back in 2017 before signing a two-year extension with Ak Bars. That was followed by his best offensive season yet, in which he scored 22 goals and 36 points in 53 games and helped his club win a Gagarin Cup. There’s no reason for NHL teams to have lost interest, but it’s not clear who is the front runner for his services at this point, or even if he’ll consider coming to North America this time around.

The Golden Knights obviously have a lot to offer, given their immediate success in the NHL and healthy salary situation. If they are interested in signing Tkachyov though, it will be interesting to see how the previous Shipachyov situation affects things—if it does at all.

Pacific Notes: Flames Forwards, Haula, Horvat

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The Calgary Flames have made quite a few moves this offseason in hopes of reshaping their roster after a dismal second half that saw them out of the playoffs. However, the Flames new signings may have caused other issues that the team will have to deal with in a few years — namely the expansion draft.

The Athletic’s Kent Wilson (subscription required) writes that the team might be in trouble if/when the unnamed Seattle franchise has its expansion draft in 2020. Assuming all the rules are the same as they were for Vegas, Calgary will have a logjam of players at the forward position and won’t have enough spaces to protect some quality players.

Assuming there are no changes among forwards over the next two seasons, the team would likely protect or have to protect Johnny Gaudreau, Sean Monahan, Elias Lindholm, Mikael Backlund, Matthew Tkachuk, James Neal as six forwards they would likely protect. That would leave one spot open for players like Derek Ryan, Mark Jankowski, Sam Bennett, Andrew Mangiapane and Spencer Foo, which could leave several high quality players exposed to Seattle. Unless the team addresses these issues, the team may be giving Seattle a solid player.

  • Adam Hill of the Las Vegas Review-Journal writes that the Vegas Golden Knights still haven’t decided on a plan for what they intend to do with second-line center Erik Haula after they signed Paul Stastny away from the Winnipeg Jets this offseason. Haula had a great offensive season, centering the second line with 29 goals and 55 points, but the line (along with the departed Neal and David Perron) struggled defensively. In fact, Vegas’ second line was one of the worst defensive lines in the league. “It produced, but the goals against per 60 minutes was not good enough,” said Vegas general manager George McPhee. “We were actually dead last among second lines in the league. You can just sort of look the other way on that or you can address it. We’re trying to address it.”
  • J.D. Burke of The Athletic (subscription required) writes that he believes that Vancouver Canucks center Bo Horvat should continue to take his game to a new level as he has every year. However, if there is one area of Horvat’s game that could use some upgrading it would be his defensive game as that’s the weakest part of his game. The 23-year-old took his scoring game up a notch last year when he potted 22 goals, an improvement on his previous career-high of 20 goals, but Horvat missed 15 games last year, so to put up a career-high in goals is key. However, with the additions of players like Jay Beagle, Antoine Roussel and Tim Schaller, maybe defense won’t be that imperative.
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