Week In Review: 8/22/16 – 8/28/16
With the World Cup of Hockey and NHL training camps both set to start next month, teams are actively trying to wrap up the last of their offseason business and finalizing their rosters. This week saw a couple of late unrestricted free agent signings that look to be bargains at first glance and a major trade completed by two of the league’s more analytically inclined organizations. We’ve got that and more in this installment of Week In Review.
Notable UFA Signings
Jiri Hudler (Dallas) – Hudler’s presence on the open market this late into the summer has been a bit of a mystery. He’s averaged at least 0.64 points-per-game in each of his last three seasons; a rate good enough to prorate into a 50-point campaign in a full schedule. With plenty of clubs looking to add scoring depth this summer it is somewhat surprising that it was the league’s most prolific offensive team that added Hudler on a one-year, $2MM deal. If Hudler remains healthy and in the lineup and reaches the 40-point mark, the deal will go down as a steal for Dallas.
Brandon Pirri (New York Rangers) – Pirri, like Hudler, has been a strong offensive player who surprisingly drew little interest this summer. Based on the last three seasons, Pirri places tied for 30th in goals-per-game averaging 0.33. But concerns about his defensive play may have limited his market. Ultimately the Rangers took a calculated risk and signed Pirri to a one-year pact worth $1.1MM.
Jhonas Enroth (Toronto Maple Leafs) – Toronto finalized their one-year agreement with the veteran backstop weeks after it was initially reported to be close. Enroth should provide a reliable backup to the newly-acquired Frederik Andersen at a great rate relative to other quality #2 goalies in the league.
Notable RFA Signings
Cody Ceci (Ottawa) – The Senators finally locked up RFA defenseman Cody Ceci, signing the three-year veteran to a two-year bridge deal with an AAV of $2.8MM. He will earn $2.25MM in 2016-17 and $3.35MM in year two of the agreement. Ceci tallied a career-high 10 goals and 26 points this past season and believes he has more to offer, particularly on the power play.
Notable ELC Signings
Max Jones (Anaheim) – The Ducks agreed to terms with Jones on an ELC that will pay the 24th overall selection in June $925K at the NHL level and $70K while suiting up in the AHL. As noted, the agreement does not contain any performance bonuses; a relative rarity for first-round picks.
Trades
The Arizona Coyotes continued to convert available cap space into young talent by agreeing to take on the remaining three years and $16.5MM of Dave Bolland‘s contract while also adding Florida’s first-round pick in the 2015 draft, Lawson Crouse, in the transaction. In return, the Panthers acquired a conditional second in 2018 and a 2017 third-round choice.
Bolland is unlikely to suit up for Arizona this year and his injuries could actually spell the end of the road for the veteran forward. Consequently, the Coyotes will inevitably place Bolland on LTIR, subtracting his cap hit from their books. Meanwhile, since the contract is insured, the Coyotes will only have to pay Bolland $1.1MM in actual cash this season.
Opinions are mixed on Crouse’s potential with some thinking he profiles only as a bottom-six player who acquiring is not worth also absorbing Bolland’s deal. Others think he has top-six, power forward potential. Count Coyotes GM John Chayka among the latter as he feels players who share Crouse’s skill set are “rare to find, difficult to obtain.”
Florida, meanwhile, gains salary relief which can be reinvested in the 2016-17 product and two draft picks to help add to the team’s diminishing prospect pool.
PTOs
Rene Bourque – Bourque has been invited to attend camp with Colorado.
Brandon Prust – After a down year in Vancouver, Prust looks to latch on with the Leafs as a 4th liner who adds toughness.
Jeff Glass – With Toronto’s expected starter and backup, Frederik Andersen and Jhonas Enroth respectively, participating in the World Cup, Toronto decided to add a body to the training camp roster. Theoretically, Glass could earn a job somewhere in the Maple Leafs organization with a solid training cap performance.
Paul Bissonette – Bissonette will attempt to earn a job with the Kings but seems most likely destined for their AHL affiliate in Ontario, California.
Portzline’s Latest: Columbus Coaches, Dubois, PTOs
Among one of the best at hiding interesting nuggets of information in his columns, Aaron Portzline of the Columbus Dispatch has released his latest Truths & Tidbits piece. In it, he goes through a bunch of smaller stories on the Columbus Blue Jackets as the season creeps closer. It’s worth a closer read, but here are the highlights:
- With the Colorado coaching vacancy still unfilled, the Avalanche seem to be targeting current and former Jackets coaches. Kevin Dineen, Bob Boughner, Jared Bednar have all been linked to the opening and have ties to the Columbus organization. Portzline posits that Av’s AGM Chris McFarland might have something to do with it, as he formerly held the same position with Columbus.
- The bulk of the post is dedicated to looking back at former drafts, and seeing if the Blue Jackets’ decision to draft Pierre-Luc Dubois third overall instead of Jesse Puljujarvi, the expected pick, was justified. The most interesting tidbit out of this is that back in 2005 Columbus actually had Anze Kopitar ranked as their #3 prospect, ahead of their eventual selection Gilbert Brule (who they had ranked in the 6-8 range). The Jackets would go with Brule at #6 instead of Kopitar (who dropped to the Kings at #11) because of the view that the Slovenian was a less conventional pick. “I’m not drafting a kid who pushes rocks up a mountain and jumps over milk crates and calls it training” is a quote from Doug MacLean, then-GM of the Jackets on why he passed on Kopitar. Brule had just 95 points in his NHL career before heading to the KHL, while Kopitar has collected 684 across his 764 career games, while widely being thought of as one of the best defensive forwards in the NHL.
- Portzline also mentions that the Blue Jackets are not expected to extend any PTOs to camp this fall. “We’re pretty full already” says GM Jarmo Kekalainen. Keep up with who has been given tryouts around the league here, with our PTO tracker.
Tim Jackman Retires From NHL
According to Elite Prospects, long-time journeyman Tim Jackman has decided to hang up his skates and retire from professional hockey. Jackman played 483 games across parts of twelve seasons, suiting up for the Blue Jackets, Coyotes, Kings, Islanders, Flames and Ducks along the way.
Now 34-years old, Jackman was originally picked in the second round of the 2001 draft, and would contribute 75 points and over 800 penalty minutes across his career. The North Dakota native got into nine playoff games in 2014-15 with the Ducks, his first taste of NHL postseason.
Playing with the San Diego Gulls of the AHL last season, Jackman put up two points (1-1) and 33 penalty minutes in 22 games. Don’t be surprised to see Jackman’s name in a coaching staff in the future, as often tough guys and journeymen find success behind the bench after their playing days are over.
Snapshots: Prust, Hrabarenka, Bissonnette
News and notes from around the NHL:
- The Toronto Maple Leafs extended a training camp invitation to Brandon Prust. Prust played for the Vancouver Canucks last season, amassing only 1G and 6A in 35 games. The gritty forward peaked in 2012, garnering a four-year, $10MM contract from the Montreal Canadiens in free agency. The Habs then traded Prust in his final contract year to the Canucks for Zach Kassian and a fifth rounder—a change of scenery deal for both sides. Prust could not regain what made him popular early on, and faltered in Vancouver. We predicted Prust would get a PTO partly because teams believe he may have something more to offer. The Leafs take no risks with this move, points out GM Lou Lamoriello, and can sign Prust for cheap if he impresses.
- The Toronto Maple Leafs also extended a training camp invite to former New Jersey Devils Raman Hrabarenka (a.k.a. Roman Graborenko). The Belarusian defenseman went undrafted before signing a three-year ELC with the Devils in 2012-2013. Hrabarenka scored 20G and 37A in 142 games for the Albany Devils in the AHL, and was called up for one NHL game last season. The obvious connection here is that the Leafs current GM Lou Lamoriello was previously the GM of the New Jersey Devils. It’s unclear where Hrabarenka fits in as the Leafs have a logjam of average defensemen. This move looks more like an AHL restocking than a move to bolster the big club’s blueline.
- The Los Angeles Kings extended a training camp invite to former Arizona Coyotes Paul Bissonnette. Bissonnette last played in the NHL for the Coyotes, but has since been playing on AHL contracts with the L.A. Kings AHL Affiliates Manchester Monarchs and Ontario Reign. Last year Bissonnette scored 2G and 1A in 35 games for the Reign, and 1G and 1A in 13 playoff games. The Kings are up against the cap with just over $1MM in space, and if Bissonnette can regain his form he’ll be a nice addition for the team.
Keep track of all the NHL training camp invites with ProHockeyRumor’s Training Camp Tracker.
Snapshots: Islanders, Benning
Despite their starting goalie’s concerns on the situation, the New York Islanders look to be once again carrying three goaltenders to start this season. Last July, the Islanders signed Thomas Greiss to a two-year contact to back-up Jaroslav Halak. They followed that up by claiming promising young netminder J-F Berube off waivers from the Los Angeles Kings in early October. Because a player claimed on waivers must stay in the NHL or be put through waivers again, the Islanders kept him up. Berube played just seven games in 2015-16. Halak was hurt for extended time and only played 36 games. Backup-in-name-only Greiss made 41 appearances and lead the team through the playoffs, including their first round series win against Florida.
This summer, the Islanders extended Berube for another season. In an interview with NHL.com’s Brian Compton, head coach Jack Capuano said “whether you have eight defensemen or three goalies or 15 forwards … they’re all good players back there, all three of them can help us. We’ll see how it pans out… they’re all quality goaltenders.”
Related: Islanders’ depth chart
Here are some other snapshots from around the NHL:
- Staying with the Islanders, Compton lists finding Frans Nielsen‘s replacement as one of big questions surrounding the team in training camp. There’s a handful of in-house options, including Ryan Strome. The fifth overall pick in 2011 had a successful rookie campaign in 2014-15, posting 50 points, before taking a major step backward last season with 28 points and an eight game stint in the AHL. Capuano said Strome will get a shot in the middle and that he’ll be looking “for big things from Ryan”. Strome is currently a restricted free agent.
- Despite the biggest name college free agents being signed already, there remains at least one more player who’s attracting some attention from around the NHL, according to Bob Stauffer from the Oilers Radio Network. Matthew Benning was the Bruins’ sixth round pick in 2012. He was playing in the Alberta Junior Hockey League (AJHL) at the time, then went on to play one year in the USHL and then three seasons with Northeastern University. The 22-year-old right-handed defenseman posted 56 points in 110 games with Northeaster. Stauffer believes the Oilers, Kings, and Canucks all make sense as destinations for Benning: all three teams are looking to add right-handed defensemen, he’s an Edmonton-native who was drafted by current Oilers GM Peter Chiarelli, and his uncle is Canucks’ GM Jim Benning.
Training Camp Invites: Devane; Galiardi; McCollum
A few more hockey players were invited to NHL training camps today:
- The Calgary Flames have invited former NHL forward Jamie Devane to training camp this September, reports the Globe and Mail’s James Mirtle. Devane last played for the Nashville Predators’ AHL affiliate Milwaukee Admirals, scoring 6G and 5A in 62 games. The former 2009 third round draft pick played in the Toronto Maple Leafs organization and appeared in 2 NHL games. Devane is a big bruising forward weighing in around 230lbs, and Flames President Brian Burke is known for admiring such players. In fact, Burke was the Maple Leafs GM who drafted Devane in 2009. Burke used the 68th pick on Devane—Reilly Smith was picked next.
- The St. Louis Blues also extended a training camp invite today to T.J. Galiardi, reports the Globe and Mail’s James Mirtle. Galiardi has had mixed success in the NHL, scoring 44G and 61A in 321 games for the Avalanche, Sharks, Flames, and Jets. The forward spent last year in Sweden playing for the Malmo Redhawks. St. Louis lost David Backes, Steve Ott, and Troy Brouwer in the offseason, so Galiardi may win himself a spot on the big club if he impresses.
- The Los Angeles Kings have invited former Red Wings goalie Tom McCollom to training camp. McCollom was a former first round draft pick that could not crack the big club, but played well on Detroit’s AHL affiliate Grand Rapids Griffins. McCollom was signed to a one-year contract last year but the Red Wings declined to extend a new offer. Los Angeles is currently lacking proven backup goaltending, with last year’s backup Jhonas Enroth supposedly close to signing in Toronto.
Keep track of all the training camp invites with our training camp tracker.
Off-Season To Date: Pacific Division
The NHL has entered its seasonal lull where teams are done signing free agents and will wait until training camp to make major roster moves. We have already documented the off-season moves of the Atlantic Division, Metropolitan Division, and Central Division teams. Now we take a quick look at the Pacific Division.
Anaheim Ducks
Key Additions: Jared Boll, Antoine Vermette, Jonathan Bernier, Mason Raymond
Key Departures: Jamie McGinn, David Perron, Brandon Pirri, Frederik Andersen, Mike Santorelli, Chris Stewart, Anton Khudobin
Unsigned RFAs: Rickard Rakell, Hampus Lindholm
Cap Space: $6,657,500
Projected Roster Size: 21
Notes: The Ducks traded Frederik Andersen away and are going with John Gibson as their number one starter. They have yet to sign Lindholm but have ample cap space to do so. The team experienced some decent turnover from last season, including firing Coach Bruce Boudreau and hiring former Ducks and Leafs coach Randy Carlyle.
Arizona Coyotes
Key Additions: Jamie McGinn, Ryan White, Alex Goligoski, Luke Schenn, Anthony DeAngelo
Key Departures: Antoine Vermette, Alex Tanguay, Boyd Gordon, Sergei Plotnikov, Anders Lindback, Joe Vitale
Unsigned RFAs: Tobias Rieder
Cap Space: $8,847,875
Projected Roster Size: 22
Notes: The Coyotes picked up a trio of forwards to surround their young prospects, and signed Goligoski to beef up their defense. Arizona also took on Pavel Datysuk‘s contract to move up in the first round of the NHL Draft. All that remains is to sign RFA Tobias Rieder, but recent reports says that both camps are far apart. New GM John Chayka is an analytics proponent, so his moves will garner extra scrutiny as the season progresses. Finally, at time of writing Vrbata is close to signing a one-year deal with Arizona, but nothing has been finalized yet.
Calgary Flames
Key Additions: Troy Brouwer, Alex Chiasson, Linden Vey, Brian Elliott, Chad Johnson
Key Departures: Karri Ramo, Joni Ortio, Jonas Hiller, Niklas Backstrom, Kevin Poulin, Joe Colborne, Josh Jooris, Mason Raymond
Unsigned RFAs: Johnny Gaudreau, Sean Monahan
Cap Space: $14,969,600
Projected Roster Size: 20
Notes: The Flames’ offseason is noteworthy for two reasons. One, they completely switched out their goaltending, bringing in St. Louis starter Brian Elliot and Buffalo semi-starter Chad Johnson, and letting Ramo, Ortio, Hiller, and Backstrom walk. Elliot represents a significant upgrade over last year’s goaltending-by-committee. The second noteworthy event—or non-event—is that Johnny Gaudreau and Sean Monahan are still unsigned. The top two Flames scorers last year are playing on Team North America in the World Cup of Hockey, and impressive performances could raise the RFAs’ asking prices.
Edmonton Oilers
Key Additions: Milan Lucic, Adam Larsson, Jonas Gustavsson
Key Departures: Taylor Hall, Rob Klinkhammer, Adam Cracknell, Lauri Korpikoski
Unsigned RFAs: None
Cap Space: $9,238,833
Projected Roster Size: 23
Notes: The Oilers made two big splashes this offseason. First, they traded away Taylor Hall to New Jersey for defenseman Adam Larsson. Hall was one of the Oilers’ best players since he was drafted, but the Oilers desperately needed a top-notch defenseman. Whether Larsson is or becomes that defenseman, however, is up in the air. They then signed top free agent Milan Lucic to a seven-year deal worth $6MM a year. Lucic will add both grit and offense to a team mired in a perpetual rebuild.
Los Angeles Kings
Key Additions: Teddy Purcell, Tom Gilbert, Jeff Zatkoff, Jack Campbell
Key Departures: Milan Lucic, Kris Versteeg, Luke Schenn, Jhonas Enroth
Unsigned RFAs: None
Cap Space: $1,154,773
Projected Roster Size: 25
Notes: The Kings stayed relatively pat this offseason, swapping backup goaltenders and letting Milan Lucic walk. The team was constrained by their cap, which at just over $1M gave them little wiggle room. The team is banking on their core to step up and improve over last season’s first-round exit.
San Jose Sharks
Key Additions: Mikkel Boedker, David Schlemko
Key Departures: Nick Spaling, Dainius Zubrus, Roman Polak, James Reimer
Unsigned RFAs: None
Cap Space: $995,832
Projected Roster Size: 22
Notes: After the Sharks finally made the Stanley Cup Finals, their offseason was uneventful. They took a flyer on Boedker, and will most likely find a backup goalie within the organization. The Sharks are tight against the cap this season, but face an onslaught of UFAs and the end of the year. Joe Thornton, Patrick Marleau, and Brett Burns are all UFAs next summer, and the Sharks need to evaluate who they want to keep.
Vancouver Canucks
Key Additions: Loui Eriksson, Erik Gudbranson
Key Departures: Radim Vrbata, Linden Vey, Chris Higgins, Brandon Prust, Dan Hamhuis, Matt Bartkowski, Yannick Weber
Unsigned RFAs: None
Cap Space: $2,771,250
Projected Roster Size: 24
Notes: The Canucks had an odd offseason, signing Eriksson and trading for Gudbranson. More trades were expected—but of a rebuilding variety. The Canucks have one more year of Ryan Miller and two more years of the Sedins, so its possible that they want to try to rebuild on the fly while they still have elite talent. Their defense took a hit by losing Hamhuis, and while Gudbranson was a highly touted prospect, he hasn’t evolved into the player scouts predicted.
Training Camp Invite Tracker
Over the course of the offseason more and more players will accept invitations to join team training camps. Usually these are players trying to resurrect their career or to show that they have one or two more years left before retirement. Notable training camp invites last year included Lee Stempniak and Jonas Gustavsson.
Making a team as an invitee is harder than just being one of the top-12 forwards or top-6 defensemen. Teams are usually looking for specific needs, such as a speedy second line forward or a defenseman who can eat minutes. Teams may want to save their bottom roster spots for developing prospects, so invitees risk being cut unless they meet a team’s identified need.
Here are the notable players who have been invited to training camps thus far. The list excludes players that are attending camps but are already signed to minor league contracts or prospects who are hoping to earn a minor league deal. Check here often for updates.
Training Camp Invites
Anaheim Ducks:
Sean Bergenheim
David Booth
Yann Danis
David Jones
Arizona Coyotes:
Zach Boychuk
Boston Bruins:
Peter Mueller
Calgary Flames:
Luke Adam
Jamie Devane
Matt Frattin
Nicklas Grossmann
Chris Higgins
Lauri Korpikoski
Colby Robak
Carolina Hurricanes:
Raffi Torres
Colorado Avalanche:
Gabriel Bourque
Rene Bourque
Jiri Tlusty
Columbus Blue Jackets:
Keith Aule
Marc-Andre Bergeron
Mike Brown
Aaron Palushaj
Jarret Stoll
Edmonton Oilers:
Eric Gryba
Kris Versteeg
Ryan Vesce
Florida Panthers:
Justin Fontaine
Adam Pardy
Los Angeles Kings:
Lucas Lessio
Tom McCollum
Devin Setoguchi
Minnesota Wild:
Ryan Carter
Tomas Fleischmann
New Jersey Devils:
Brian Gibbons
Anders Lindback
New York Islanders:
Steve Bernier
Stephen Gionta
New York Rangers:
Maxim Lapierre
Ottawa Senators:
Matt Bartkowski
Philadelphia Flyers:
Corban Knight
St. Louis Blues:
T.J. Galiardi
Eric Nystrom
Chris Porter
Yan Stastny
Mike Weber
Tampa Bay Lightning:
James Wisniewski
Toronto Maple Leafs:
Jeff Glass
Raman Hrabarenka
Brandon Prust
Vancouver Canucks:
Jack Skille
Tuomo Ruutu
James Sheppard
Washington Capitals:
Drew MacIntyre
Retained Salary in 2016-17: Pacific Division
As a new season fast approaches, it’s always nice to look back and reminisce on years and players gone by. Unfortunately for most NHL teams, those feelings of nostalgia are usually cut short by the realization that some of those past players are still on the team’s payroll. Retained salary is a fact of life in the National Hockey League, as buyouts have become commonplace and retaining a portion of an outgoing player’s cap hit is often a deal-breaker in many trades. Retained salary can last long past the playing days of a former player (see Mike Richards) or can simply be for just one year. One way or another nearly every NHL team has at least one guy who’s still being paid without having to perform. Below is a list of all the retained salary in the Pacific Division in 2016-17:
Anaheim Ducks
- Patrick Maroon ($500K cap hit in 2016-17 and 2017-18): Maroon was surprisingly dealt out of Anaheim last season to the Edmonton Oilers in exchange for defensive prospect Martin Gernat and a fourth-round pick in the NHL Draft this past June (Jack Kopacka). The Ducks held on to 25% of Maroon’s three-year, $6MM contract that he had signed with the team prior to last season.
- Mark Fistric ($217K cap hit in 2016-17, $450K in 2017-18 and 2018-19): Fistric was bought out by Anaheim following an injury-plagued 2014-15 campaign, the first year of a new extension. He had two years and over $2.5MM left on his contract at the time. Fistric has not signed with another NHL team since leaving the Ducks.
Arizona Coyotes
- Mike Ribeiro ($1.94MM cap hit from 2016-17 to 2019-20): Ribeiro will be cashing in on NHL contracts for many years to come, as a buyout in Phoenix has not stopped him from continuing to play and getting good money to do so. The (then) Phoenix Coyotes signed Ribeiro to a four-year, $22MM contract in the summer of 2013, but after a 47-point season in 2013-14, the team decided to cut ties with him. The decision cost the Coyotes a capable player and has and will continue to cost them in dollars. Ribeiro’s buyout was for six years and nearly $12MM dollars, and Arizona is still facing down four more years. Meanwhile, Ribeiro signed a one-year, $1MM deal with the Nashville Predators in 2014-15 and put up 62 points. He was rewarded last summer with a two year, $7MM deal, which means between his active contract and his bought out contract, Ribeiro will actually make close to $5.5MM in 2016-17, what he would have made in Arizona.
- Antoine Vermette ($1.25MM cap hit in 2016-17 and 2017-18): A more recent development, Vermette was bought out by the Coyotes during their second buyout window last week. Vermette had only one season left with a cap hit of $3.75MM, after returning to the desert on a two-year deal after Arizona traded him to the Chicago Blackhawks before their 2015 Stanley Cup run. Vermette’s numbers did not tail off last season; in fact he has been very consistent over the course of his entire 11-year career. The buyout was viewed by many as Arizona simply deciding to pay to open up depth next season for their young players and prospects. Vermette remains unsigned as of now.
Calgary Flames
- Mason Raymond ($1.05MM cap hit in 2016-17 and 2017-18): After a one-year, $1MM trial run with the Toronto Maple Leafs in 2013-14 ended in 45 points, the Flames decided to take a chance on Raymond, giving him a three-year, $9.45MM deal. After under-performing in year one, Raymond was only able to play in 29 games last season, contributing a mere five points. Calgary was swift to buy out the remaining year of his contract, which would have paid him $3.15MM in 2016-17. The $1.05MM cap hit for the Flames this year and next year is bearable for a team with cap space and a plethora of young talent, and Raymond has found a new home with division rival Anaheim and will make $675K on top of his buyout payment. It was a retained salary move that worked out for both sides.
Edmonton Oilers
- Lauri Korpikoski ($500K cap hit in 2016-17, $1MM in 2017-18): Another buyout victim this summer, Korpikoski simply did not perform to the level expected of him by the Oilers after they traded Boyd Gordon to the Coyotes to get him. Stemming from a strong career to that point in Arizona, the Coyotes gave the two-way specialist a four-year, $10MM extension in the summer of 2013. However, after back-to-back years of steep decline in his scoring numbers, Arizona felt comfortable shipping Korpikoski off to the division rival Oilers. New GM Peter Chiarelli hoped that, at the very least, Korpikoski would bring some defensive stability to a young and offensive-minded forward core. When that didn’t happen, Edmonton decided he didn’t need to stick around for the final year of his contract at a cost of $2.5MM.
Los Angeles Kings
- Mike Richards ($1.32MM cap hit from 2016-17 to 2019-20 AND $10.5MM cap hit over time until 2030-31): One of the most interesting cases of retained salary, Richards counts against the Kings’ cap for two reasons, neither of which is a buyout or a trade. Richards signed a (now illegal) 12-year, $69MM contract with the Philadelphia Flyers during the 2007 season, and prior to the last NHL Collective Bargaining Agreement. The league recognized that deals like Richards’, which were excessively long and included wide margins of salary over the course of the contract, were meant to circumvent the salary cap. By front-loading a contract with high salary seasons, and then adding years at the end of low salary, a team could effectively keep a player’s cap hit low without exposing themselves to much risk should the player retire or need to be bought out later on in his post-prime career. Richards’ cap hit on this contract was only $5.75MM, but there were six seasons where his actual salary was greater, including a 2012-13 salary of $8.4MM. So, when Richards got in legal trouble in 2015, the Kings (who acquired Richards from the Flyers in a blockbuster deal in June 2011) saw an opportunity to terminate Richards’ contract, which had become a major burden to the team for a player that was performing so poorly that he had been demoted to the AHL. Because Richards’ contract was cut short and had been constructed in an illegal way, the Kings faced “recapture penalties”, which offset the benefits of previous cap benefits from long, front-loaded contracts. Thus, the Kings face a cap hit of $1.32MM every year until what would have been the natural end of Richards’ contract in 2020. On top of that, the termination of the contract was fought by the NHL Players Association, and the grievance led to a settlement between the Kings and Richards which pays him $10.5MM of the $22MM that was left on his contract. The payments were to be made over the course of 16 years, with a maximum payment of $900K per year and minimum of $400K. All of these payments additionally count against the Kings’ cap. In the world of retained salary, Mike Richards is quite the story, and Los Angeles will be telling it for another decade and a half.
San Jose Sharks
- Adam Burish ($617K cap hit in 2016-17): Never much more than an energy line player, the Sharks gave Burish a four-year, $7.4MM contract when free agency opened on July 1st, 2012. Burish was coming off of a career-high 19 points to go with a strong two-way presence and elite toughness. However, he would only score six points in the next three seasons combined for San Jose, as injury struggles and mostly poor play derailed his career. The Sharks bought out the final year of his contract to avoid a $1.85MM cap hit for an AHL-caliber player and will finish paying off the buyout this season.
Vancouver Canucks
- Roberto Luongo ($800K cap hit from 2016-17 to 2020-21): Like Richards, Luongo too signed a massive deal before the league banned them. In 2010, the Canucks gave their ace goalie a 12-year, $64MM extension, despite the fact he was 31-years-old at the time. The deal paid Luongo $10MM in salary during the first year, followed by seven years of $6.7MM salaries, and then a steep drop off to $3.4MM, $1.6MM, and two final years at $1MM. Perhaps afraid of facing the full blow of potential recapture penalties (the rule for which is often nicknamed the “Luongo Rule”) for a contract that blatantly circumvents the salary cap with its 5.3MM cap hit, the Canucks traded the remaining eight years of Luongo’s contract to the Florida Panters before the Trade Deadline in 2014 in effort to share some of the risk should Luongo retire before the age of 43. However, to make the risky aquistion worth it, the Panthers had Vancouver hold on to $6.4MM of the contract, for an annual cap hit of $800K.
- Chris Higgins ($833K cap hit in 2016-17 and 2017-18): Higgins is another recent buyout, getting cut by the Canucks this off-season with one year remaining on a four-year, $10MM extension he signed in 2013. Higgins played in only 33 games last season, recording just four points. He remains unsigned.
Snapshots: Kings, Whitney, Lockout
Adam Gretz wrote a piece today on Pro Hockey Talk that opines Dustin Brown has endured one of the biggest falls-from-grace in the NHL, and is now under huge pressure to perform for the Los Angeles Kings this season. Brown was once a feared power forward in the league, capable on any shift of contributing with a bone-crushing hit or a beautiful goal. Now, he’s a bottom-sixer who, while still contributing positively to the Kings’ dominant possession game, is vastly under-performing his contract that sits at a $5.875MM AAV. Brown was stripped of the captaincy, which will now belong to Anze Kopitar, the Kings’ superstar centerman.
- Former NHL star Ray Whitney is at the Olympics for the first time in his career, but it’s not as a hockey player. The 22-year veteran is caddying for Canadian golfer Graham DeLaet, who shot a -3 in his first round at the tournament. DeLaet was one of the first through the course this morning, and spoke about his caddy: “He’s a great player in his own right. I think it’ll be great to have Ray there, he was telling me he thinks he’d be on four olympic (hockey) teams if he’d been born in any other country.” It’s true, Whitney was a great player; his 1064 points rank him 64th all-time, while his 385 goals put him just outside the top-100.
- Hannah Stuart of Today’s Slapshot penned an article examining just what might trigger the next NHL lockout. She argues that by signing contracts that protect them from a work-stoppage – those that have exorbitantly large signing bonuses – they’ve essentially ensured that a stoppage will eventually happen, if only to correct this loophole. Both sides (the NHL and NHLPA) can choose to opt out of the current CBA in September of 2019.