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Los Angeles Kings Extend Alex Iafallo

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12:45pm: Iafallo is now off the market, officially signing a four-year extension. The contract will be worth $4MM per season, totaling $16MM for the Kings’ winger.

10:08am: One of the more intriguing names that has been involved in trade speculation as of late is Kings forward Alex Iafallo.  A few days ago, it looked as if the two sides weren’t going to be able to agree on a contract extension but that may be changing as Pierre LeBrun of TSN and The Athletic reports (Twitter link) that the two sides have closed the gap and are making progress on getting a new deal done.

The 27-year-old has largely gone under the radar but has been one of the top college free agent signings in recent memory.  After spending his first two seasons in a middle-six role, Iafallo spent most of 2019-20 on the top line and that has continued this year.  As a result, he’s averaging over 20 minutes a night for the first time in his career while picking up 11 goals and 14 assists in 39 games to be tied for third in team scoring.

Iafallo is in the final season of a two-year, $4.85MM contract and is eligible for unrestricted free agency this summer which has made today somewhat of a deadline to get a deal done as if it doesn’t happen, Los Angeles may be inclined to turn around and trade him.  With his emergence as a key cog for the Kings, he’s certainly well-positioned to land a considerable raise on his $2.425MM AAV.

Pittsburgh Penguins Acquire Jeff Carter

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6:55 am: Pierre LeBrun of TSN and The Athletic provides details on the conditional third-rounder.  It can be upgraded to a second-round selection if the Penguins made the Stanley Cup Final and Carter plays in at least half of their games.

12:45 am: The trade has been made official. The Kings will receive a conditional 2022 third-round pick and a conditional 2023 fourth-round pick, while retaining 50% of Carter’s remaining contract. The conditions on the draft picks have not yet been announced.

While two draft picks are nice to get, part of the win here for the Kings is getting out from at least part of Carter’s contract. The team desperately wants to get younger and provide roster spots for some of their up-and-coming talent, so clearing Carter off the books—even if it doesn’t scrub his contract completely and comes with some recapture risk—was something of a necessity. The veteran forward’s career in Los Angeles comes to an end after 580 games and two Stanley Cup championships.

9:35 pm: The Penguins and Kings have held discussions regarding a trade that would send center Jeff Carter to Pittsburgh, reports TSN’s Bob McKenzie (Twitter link).  In follow-up tweets, McKenzie reported that Los Angeles players were saying their goodbyes to the veteran with the Kings expected to receive a couple of conditional draft picks from Pittsburgh while retaining some salary.

When the trade call goes through as planned, the Penguins will be receiving a player that new GM Ron Hextall is very familiar with. Not only was Hextall the Philadelphia Flyers’ director of player personnel when Carter was selected in 2003 and made his NHL debut during the 2005-06 season, but Hextall was the assistant general manager of the Kings when they traded for the center in 2012.

The player the Kings acquired back then was a big-bodied center that could routinely put up 25-30 goals while playing strong defense. The one they’re getting today isn’t quite at that level, but certainly adds a lot of experience to the position. Now 36, Carter has over 1,000 regular season games played in the NHL, 120 more in the postseason, two Stanley Cup championships, and an Olympic gold medal. He just so happened to be teammates with Sidney Crosby on that gold medal-winning 2014 Olympic squad, an international duo that goes back to the 2005 World Junior squad that is considered one of the best of all time.

Now, Carter will get to slide in behind Crosby on the depth chart and give the Penguins another talented forward to challenge for the Stanley Cup once again. After winning again tonight, the Penguins are now 27-13-2 on the season and sit just two points behind the tied Washington Capitals and New York Islanders for the division lead. An 8-2 run in their last two has proven that the Penguins deserved a little boost at the trade deadline, and the veteran Carter is just that.

Still, it’s important to remember that Carter has just nine goals and 19 points this season and is still under contract through 2021-22. His current cap hit is $5.27MM, but depending on how much the Kings have retained, that number could come down to something much more palatable. In actual salary, Carter is owed just $2MM this season and next.

That discrepancy between salary and cap hit is exactly why trading Carter has been so tricky in the past. As PuckPedia points out, if the veteran forward decided to retire after this season, both the Columbus Blue Jackets and the Kings would be hit with a recapture penalty. If Los Angeles retained 50% in this trade and Carter decides to hang up his skates after this season, the Kings would face a $3.1MM recapture penalty in 2021-22 (the Blue Jackets would have a $551K penalty regardless of the retention in this deal).

Interestingly, that route would actually give the Penguins a cap bonus for next season ($381K if 50% retained), meaning they have no risk in that regard. The idea behind recapture is that in the early years of the 11- year contract (which is no longer allowed under the new CBA), Carter was earning much more salary than his cap hit represented. In the case of early retirement, the recapture process is meant to even out that early reward by penalizing the team(s) that received it.

More to follow.

Trade Rumors: Florida, Chicago, Toronto, Hall, Iafallo

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The Florida Panthers’ trade of Brett Connolly earlier today was seemingly a precursor to something more, perhaps even a lot more. The trade opens up even more cap room for a Panthers’ team that already had substantial space, seemingly allowing them to do whatever they want at the trade deadline. With an estimated $16.4MM in full-season cap space per CapFriendly, no one is off limits to the Cats, who are looking to make the most of their firm playoff position in the Central Division. TSN’s Pierre LeBrun reports during the latest edition of “Insider Trading” that Florida is seeking both a top-six forward and top-four defenseman and with this additional space, there is no reason why they can’t address both if they can find reasonable trades. LeBrun notes that the Panthers were one of the teams discussing Kyle Palmieri with the New Jersey Devils prior to yesterday’s deal and will have to look elsewhere for help up front. On the blue line, LeBrun believes that rookie GM Bill Zito could look to reunite with David Savard, one of his former players in Columbus and a player heavily expected to be dealt before the deadline. One way or another, the Panthers are absolutely a buyer and a team to watch as Monday’s deadline approaches.

  • As for the other side of this morning’s trade, the Chicago Blackhawks are expected to continue to use their cap room in hopes of adding other assets, LeBrun reports. Today’s deal not only landed a serviceable forward in Connolly, but also two nice young assets in Riley Stillman and Henrik Borgstrom. GM Stan Bowman would like to make as many of these types of deals as he can before the deadline. With so many teams across the league struggling with cap space, the Blackhawks could net several other pieces by offering up their financial flexibility. Specifically, LeBrun notes that Bowman has been talking to the Maple Leafs about a trade that would free up some space in Toronto.
  • The Maple Leafs have been searching for a forward for some time, but it has not been going well. Not only are the Leafs dealing with a cap crunch, but their targets keep disappearing from the market too. Frank Seravalli reports that Toronto had previously shown strong interest in both Palmieri and Nashville’s Mikael Granlund; Palmieri is now an Islander and the Predators are in playoff position. The team will have to look elsewhere, but don’t expect them to turn to Taylor Hall. While Darren Dreger notes that interest in Hall is picking up with Palmieri off the market, Seravalli notes that the Leafs are not a suitor. Both Hall’s cap cost and the asking price to acquire him are thought to be too much for GM Kyle Dubas. That could change if Toronto finds a way to open up cap space and the bidding war for Hall fizzles out, but it seems unlikely that a deal will come together by Monday if the Leafs have shown no interest thus far.
  • Tanner Pearson has finally signed a new contract with the Vancouver Canucks, but don’t worry a new extension-or-trade drama has already rose up to take it’s place. Seravalli reports that the Los Angeles Kings have been working hard to re-sign impending UFA forward Alex Iafallo and have previously turned away trade offers. However, the two sides have not been able to reach an agreement and time is running out. L.A. is now finally listening to offers for Iafallo, though extension talks continue. The Kings still hope to re-sign the 27-year-old scorer, but will have no choice but to trade him if a deal is not in place by Monday. L.A. is too far outside of a playoff spot right now to justify keeping Iafallo only to watch him walk for nothing as a free agent.

Three Players Clear Waivers

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April 8: All three players have cleared waivers and can be assigned to the taxi squad or minor leagues.

April 7: Three players have been placed on waivers today, as Elliotte Friedman of Sportsnet reports that Richard Panik of the Washington Capitals, Nick Merkley of the New Jersey Devils, and Martin Frk of the Los Angeles Kings all find themselves available to the rest of the league.

Panik was scratched again last night for the Capitals, the third time he had been out of the lineup in the last five games. That is what happens when you are brought in for secondary scoring and record just three goals and nine points in 36 games. Panik hasn’t been close to effective enough in his role this season, failing to record a point in his last eight and only generating five shots on goal during that stretch. Remember that the 30-year-old forward is on a four-year contract he signed with the Capitals in 2019 and carries a $2.75MM cap hit. $1.075MM of that can be buried by putting him on the taxi squad, giving the Capitals a little more cap flexibility as the deadline approaches.

Merkley is in a nearly opposite situation in New Jersey, where he is still just trying to establish himself at the NHL level. The 23-year-old actually has six points in 13 games this season but doesn’t have a consistent enough effort at the defensive end of the rink. A first-round pick in 2015, there is obvious offensive skill locked away in Merkley, but it’s hard to rely on him in a top-six role at this point in his career. The bottom-six isn’t a great fit for the 5’10” forward, meaning he’s stuck in a difficult situation. Just like New Jersey did when they included him in last year’s Taylor Hall deal, perhaps another team believes they can unlock the next level for Merkley and grabs him off waivers. Given he cleared in January though, that seems unlikely.

If Panik is an overpaid veteran and Merkley is a young player trying to find his way, Frk falls somewhere in the middle. The 27-year-old has been given countless opportunities to really establish himself at the NHL level and despite being an elite minor league contributor, can’t seem to keep his head above water when he moves up. Armed with an incredibly hard shot, Frk scores goals on a consistent basis in the minor leagues but has just 18 in 118 NHL contests. He’s played just one game for the Kings this season after spending most of it on injured reserve, and is likely headed for the taxi squad if he clears.

Snapshots: Johnson, Winnik, NCAA Transfers

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After Adam Johnson’s sudden and unexpected departure from the SHL’s Malmo Redhawks, the forward has landed back in North America. Johnson has signed a contract with the AHL’s Ontario Reign for the remainder of the year, the team announced. This isn’t quite the NHL contract that was expected when Johnson returned home from Sweden, but is still a good opportunity for the 26-year-old to show off for the L.A. Kings and other NHL teams before the off-season. Johnson played in 13 games with the Pittsburgh Penguins over the past two years, recording four points, and has put up good numbers in the AHL previously. The University of Minnesota-Duluth product is hoping that another strong showing in the minors will prove that he is worthy of another NHL deal.

  • Veteran forward Daniel Winnik will not be returning home, though. Winnik, 36, will continue his playing career for at least another season by signing a one-year extension with Geneve-Servette of the Swiss National League. The contract also includes an additional option year, if the experienced pro actually has two years left in him. Winnik played in nearly 800 career NHL games before departing for Switzerland in 2018, suiting up for eight different teams along the way. He has found more consistency in the second stage of his career, having already played three seasons with Geneve-Servette and now gaining one or two more to come. Winnik has excelled overseas even in his late thirties, playing at a near point-per-game pace.
  • There will be a number of familiar faces in new places across the NCAA next season. It has already been an unprecedented off-season for notable transfers, even with the Frozen Four still yet to be played. More than a dozen players have already switched schools, including some NHL prospects. Two of the more recent names to make a change include Vegas Golden Knights’ forward prospect Brandon Kruse and Winnipeg Jets’ goalie prospect Jared Moe. Kruse, 22, has already played four full seasons at Bowling Green, but will take advantage of his fifth year of eligibility due to COVID to become a graduate transfer to Boston College, the program confirmed. The 2018 fifth-round pick has been one of the Falcons’ best forwards and is a nice pickup for the Eagles, who are still believed to be in the running for several other noteworthy transfers as well. Moe, 21, is moving on from Minnesota after sitting behind Carolina Hurricanes’ prospect Jack LaFontaine this season (and LaFontaine has committed to another year with the Gophers as well). Moe has reported on his own that he will flip to Big Ten rival Wisconsin next season, where the starting job is at least open to competition. Moe may not be the only Winnipeg keeper to transfer this off-season too; UMass Lowell goaltender Logan Neaton is also in the NCAA Transfer Portal after he too was used sparingly this season.

Brendan Lemieux Had Requested A Trade From Rangers

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  • The acquisition of Brendan Lemieux by the Kings over the weekend came as a bit of a surprise but Larry Brooks of the New York Post reports that the 25-year-old had asked for a trade from the Rangers which accelerated the process. Lemieux was believed to be seeking a larger role after averaging just over 10 minutes per game with New York prior to the move.  While he’s still in quarantine, Lemieux should be able to get that with Los Angeles, especially if they wind up moving a forward or two out between now and the trade deadline.

Three Players Clear Waivers

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April 2: All three players have cleared waivers and can be assigned to their respective taxi squads or minor league teams.

April 1: The waiver wire has some interesting names on it today, as Elliotte Friedman of Sportsnet reports that Tyler Ennis of the Edmonton Oilers, Nikita Gusev of the New Jersey Devils, and Matt Luff of the Los Angeles Kings have all been placed on waivers. The trio of forwards are available for claim by the rest of the league.

Gusev’s name will stand out among the group, given how recently he was considered an up-and-coming name in the NHL. The 28-year-old made a splashy debut for the Devils last season, scoring 44 points in 66 games after signing a two-year, $9MM deal. The Devils only had his rights in the first place after trading second and third-round picks to the Vegas Golden Knights, a deal they might want to reverse if they had the chance.

In 20 games this season, Gusev has just five points and has received 16 or more minutes of ice time just twice. Since the beginning of March he has registered just one point and played a season-low 8:41 just a few games ago. With his $4.5MM cap hit that just isn’t cutting it, meaning the end to his Devils career might be coming quickly. Gusev is an unrestricted free agent at the end of the season and the team has several top forward prospects pushing for roster spots. One of them, the recently-signed Tyce Thompson, joined practice today for the first time. While it seems very unlikely that Gusev will be claimed, perhaps a deal could be made with a team should the Devils be willing to eat some of his cap hit. Clearing waivers would make him a more desirable trade asset, since he will be able to be placed on the taxi squad.

Ennis has been here before, clearing waivers in January for the Oilers. The undersized forward is a useful player, but one that can only fit certain roles. For Edmonton, room was needed on the active roster and under the salary cap to add Alex Stalock, who will serve as additional goalie depth down the stretch. Given Ennis has already cleared once, the chance of claim this time around remains low.

Luff started the year on injured reserve and has played just 11 games for the Kings, but doesn’t represent much offensive upside anyway. The 23-year-old winger went undrafted and has made it to the NHL after grinding it out in the minor leagues, but has just one point this season. His contract is a two-way deal worth $700K, which means he might actually draw the most interest on the wire, but just like most of the other skaters this season is more likely to clear and be assigned to the taxi squad.

Ottawa Senators Acquire Mike Amadio

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The Ottawa Senators have swapped some recently-waived assets with the Los Angeles Kings, acquiring Michael Amadio in exchange for Christian Wolanin. Both players recently cleared waivers with their respective teams and can report directly (following the appropriate quarantine) to the taxi squad or minor leagues. The trade does not include any other players or draft picks.

Amadio, 24, had zero goals and just two points in 20 games for the Kings this season, unable to create any offense even when given substantial minutes. In his last game on March 14, he played more than 17 minutes but manged just a single shot on net and was a -1. The team seemingly decided to move on at that point, putting him on waivers a few days later and sticking him on the taxi squad. Just a few days ago Amadio was demoted even further, this time to the Ontario Reign of the AHL.

In Ottawa, the right-shot center will likely receive a chance to get his career back on track, but at the very least can be a depth option for the team next season. Amadio’s current two-year contract will expire at the end of this season, but he will still be a restricted free agent without much leverage that the Senators can likely sign for cheap.

The same can’t be said about Wolanin, who will become a Group VI unrestricted free agent should he fail to play in another 13 games this season. Technically, given the Kings have played just 32 so far this year, Wolanin could get to that mark should he quickly clear COVID protocols, but it seems unlikely. Instead, he’s a rental piece that can get a look on the Kings depth chart down the stretch.

Los Angeles has several young defenders waiting in the wings, but Wolanin does have 58 games of NHL experience and has shown flashes of upside. Unfortunately, those flashes haven’t come often enough and he has played just 18 games for the Senators since the start of the 2019-20 campaign. The 26-year-old defenseman shouldn’t be considered a prospect anymore and is just another name to throw into the taxi squad mix in Los Angeles.

Los Angeles Kings Acquire Brendan Lemieux

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In a trade that few likely saw coming, the Los Angeles Kings have established themselves as buyers at this trade deadline with the acquisition of New York Rangers forward Brendan Lemieux. The Rangers announced that they have dealt the 25-year-old grinder to L.A. in exchange for a 2021 fourth-round draft pick. Lemieux’s contact carries a $1.55MM AAV and expires after the 2021-22 season, at which time he will be a restricted free agent.

From the Rangers’ perspective, maybe this trade should not have been a surprise. As Sportsnet’s Elliotte Friedman notes, New York is dealing with a difficult roster crunch right now and he believes that they have been looking to swap a contract for a draft pick for some time. Lemieux has also seemingly hit a wall in his offensive development as well, appearing to be no more than a 25-point player at best, and as such has been relegated to a fourth-line role with the Rangers where his physicality and energy can be best implemented. Lemieux serves the role well, but he is more valuable to a contender than to a team like the Rangers that needs to focus on evaluating their young talent and putting together a playoff-caliber core. With that said, New York is not the most aggressive team and will need to look elsewhere for that spark with Lemieux now gone.

The more intriguing aspect of this deal is the team on the other side. The Kings have been one of the NHL’s positive surprises thus far, still very much in the conversation for a playoff spot in the West Division albeit more so before their current cold streak. It’s not so much L.A.’s impressive pipeline turning the team around either as it is their veterans leading the charge. Bringing in a relatively older player who is seemingly locked into a fourth-line role, especially one with term remaining on his contract, would have been a very strange move for the rebuilding Kings prior to this season, but given their recent success it could help them both get into the postseason and handle the increased pace and physicality of playoff hockey. Lemieux also adds the aggression element that L.A. too often lacks; the team averages about 18 hits per game (7th-worst in the NHL) and has just six fighting majors on the year (tied for 9th-fewest).

One repercussion of this move that may not immediately jump to mind but could become important down the road is the Expansion Draft impact. For the Kings, Lemieux is an additional term forward that the team will need to decide whether or not to protect, although his addition does guarantee that they should meet exposure requirements at forward one way or another. The Rangers are not in as lucky a situation following Lemieux’s departure. Although New York needed to move a player to create roster space, moving a regular starter signed beyond this season could put them in a difficult spot. As of right now, the team only has two players who meet the requirements for the two-forward exposure quota – Ryan Strome and Kevin Rooney – and Strome is likely to be protected. The only other player who can meet the requirements this season is Colin Blackwell, who needs to play in five more games. If Blackwell does not reach the games played requirement due to injury or trade or if the Rangers instead choose to protect the current top-six scoring forward, they will be one body short of the quota – a spot that Lemieux was expected to fill – and will have to make an addition before the draft.

Trade Deadline Primer: Los Angeles Kings

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Although we’re now just two months into the season, the trade deadline is less than a month away.  Where does each team stand and what moves should they be looking to make?  We continue our look around the league with the Los Angeles Kings.

It has been an interesting season for the Kings.  While they’re still in the midst of their extended rebuild, they’ve done well enough to hang around the playoff picture.  Accordingly, there is a case to be made for GM Rob Blake to try to add a piece or two but on the other hand, staying the course would certainly be prudent as well.  As a result, that makes them a team of some intrigue heading into the April 12th trade deadline.

Record

13-12-6, 5th in West Division

Deadline Status

Light Seller

Deadline Cap Space

$22.72MM in full-season space ($41.09MM at the trade deadline), 0/3 retention slots used, 48/50 contracts used per CapFriendly.

Upcoming Draft Picks

2021: LA 1st, LA 2nd, STL 2nd, LA 3rd, TOR 3rd, CGY 4th, LA 4th, LA 5th, LA 6th
2022: LA 1st, LA 2nd, LA 3rd, LA 4th, LA 5th, LA 6th, LA 7th

Trade Chips

Up front, the Kings only have one pending unrestricted free agent in winger Alex Iafallo who is certainly an under-the-radar player.  After finishing second on the team in scoring last season, he has upped his point per game average to a career best 0.67 with 20 points (7-13-20) in just 30 games.  The 27-year-old is also very quietly averaging nearly 20 minutes per game while taking turns on the power play and penalty kill.  With a $2.425MM cap hit and an ability to play pretty well anywhere in the lineup, Iafallo is someone that could certainly fit on quite a few contending teams.  On the other hand, he is someone that they want to retain and whether or not he gets moved will likely depend on the status of how extension talks go over the next few weeks.

Andreas Athanasiou is no stranger to trade speculation having been in it for several years before finally getting moved to Edmonton at last year’s deadline, a deal the Oilers undoubtedly would love a mulligan on.  His trip through unrestricted free agency last fall after being non-tendered wasn’t what he was hoping for as he eventually settled for a one-year, $1.2MM deal.  Athanasiou isn’t having the best of seasons but the low price tag and potential for another year of control as he remains RFA-eligible makes him a possible candidate to be moved, albeit for much less than the two second-rounders that he yielded a year ago.

With Calvin Petersen looking like the starter of the future, Jonathan Quick’s name has come up in some trade speculation.  However, he still has two more years left on his deal after this one with a $5.8MM cap hit although his salary is considerably lower at this stage of his 10-year contract.  Given the salary cap constraints that so many teams face right now, it’s hard to see there being much demand for his services although an injury elsewhere could certainly change things.  Lias Andersson has had a limited role this season and has made numerous appearances in our daily Taxi Squad Shuffle pieces.  With the centre depth they have in the system, the 22-year-old could make some sense as a change of scenery candidate.

Others to Watch For:

F Michael Amadio ($700K, RFA), F Matt Luff ($700K, RFA), D Austin Strand ($735K, RFA)

Team Needs

1) Long-Term Defensive Help – While Los Angeles has to be pleased with the performances of Michael Anderson and Tobias Bjornfot, their long-term prospects on the back end aren’t the greatest.  Recent deals to Matt Roy and Sean Walker (last offseason) give them some depth at somewhat high prices but both are better suited for limited roles as is Olli Maatta.  Adding to their prospect pool would certainly help but bringing in a current top-four NHL defenseman with a few years of team control would give them a boost.  That may be a move for the offseason instead as it’s more of a buyer trade but the fact that they have as much cap space as they do could put them in a better spot to act now rather than later.

2) Top-Six Forwards – Similar to above, the Kings have decent forward depth in terms of their bottom-six options but they are lacking a bit in the impact forward department.  Obviously, the hope is that their top prospects (including Quinton Byfield, Alex Turcotte, and Rasmus Kupari) will eventually fill the void but adding a slightly older established player to the core would fill a big need.  Again, it may not quite be time for that just yet but the reality is that the players that they could move now aren’t going to really fill any of their needs and instead just add to their draft pick capital.  When the time comes to add, Blake will need to be thinking big.

Photo courtesy of USA Today Sports Images.

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