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Devils Expected To Re-Sign Nathan Bastian

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Yesterday, the Devils opted to non-tender several players, including winger Nathan Bastian, to avoid the risk of them filing for salary arbitration.  It appears as least one of them will be sticking around as Sportsnet’s Elliotte Friedman reports (Twitter link) that all signs point to Bastian remaining with New Jersey. PuckPedia reports he’s signed a two-year deal worth $1.35MM per season.

The 25-year-old dealt with a shoulder injury last season that limited him to just 43 games.  However, Bastian still managed to have his second-best season offensively, notching six goals and nine assists.  In the playoffs, he picked up a goal and an assist in 12 contests.

Of course, Bastian is more known for his physicality.  After putting up nearly 200 hits in 2021-22, he managed 99 more last season despite missing nearly half the year.  Between that and a serviceable offensive ability, Bastian has carved out a role for himself as a capable fourth liner in the NHL.

Bastian’s qualifying offer was just under $920K and it seems reasonable to expect that he will get more than that from New Jersey, assuming this deal becomes finalized.  But with 163 games under his belt, he’d have been in line to potentially double that qualifier in arbitration, a price point that the Devils can’t really afford in their cap structure.  We should soon see what middle ground they were able to find.

Devils Likely To Look For Backup Goalie

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  • While the Devils have shown some interest in trading for Connor Hellebuyck, TSN’s Darren Dreger suggests (Twitter link) that they’ll go a different route. Instead of trading for him, he expects New Jersey to target a goalie that is set to play closer to 30-35 games, one that will cost a lot less on their books.  In that scenario, Vitek Vanecek would remain the starter while Akira Schmid, who took over as the starter during the playoffs, would likely return to AHL Utica to start next season; he still is waiver-exempt.  Alternatively, if they don’t find the right free agent fit, they can run with the tandem they currently have, one that would be among the cheapest in the NHL at just over $4.25MM combined.

New Jersey Devils Still Negotiating With Unqualified RFAs

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  • The New Jersey Devils are also still negotiating with former RFA forwards Jesper Boqvist, Michael McLeod, and Nathan Bastian, none of whom were given qualifying offers today, per ESPN’s Greg Wyshynski. New Jersey opted not to qualify any of these players, who likely won’t play any higher than a fourth-line role, out of fear that a potential arbitration award would be too rich for their blood.

New Jersey Devils Extend Shane Bowers

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The New Jersey Devils have announced a one-year, two-way contract extension with recently acquired forward Shane Bowers. Per the announcement, he’ll have a league-minimum $775k cap hit at the NHL level, as well as a $125k salary at the AHL level.

Bowers, 23, was recently acquired by New Jersey in a one-for-one trade that sent defenseman Reilly Walsh to the Boston Bruins. That was the second time Bowers was traded this year, as he was actually dealt to Boston in a one-for-one mid-season trade that sent Keith Kinkaid to the Colorado Avalanche.

A 2017 first-round pick, Bowers has been traded one additional time in his career, when he was sent to Colorado as part of their return for parting with Matt Duchene. A six-foot-two forward with the versatility to play both center and the wing, Bowers had an underwhelming collegiate career as a Boston University Terrier and never quite found his footing in the AHL with Colorado. His best season game in 2019-20, when he scored 27 points in 48 games, but in the following two years he scored just 18 points combined.

Bowers wasn’t horrible with Boston, scoring seven points in 20 games for the AHL’s Providence Bruins, and he even earned his first NHL game this year with Colorado. But until he shows some more consistency and scoring touch at the AHL level, he won’t be a regular consideration for NHL call-ups, and this contract extension reflects that.

He will get a chance to prove himself with the Utica Comets, though, a team that made the AHL’s playoffs and could have some openings up front if players like Graeme Clarke and Alexander Holtz finally graduate to full-time NHL duty.

Tyler Toffoli Eager For Contract Extension With Devils

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  • Lastly, per LeBrun, recently acquired right winger Tyler Toffoli has expressed his desire to begin contract extension talks with the New Jersey Devils at the earliest opportunity. Toffoli, seeking stability after playing for four teams in the past four years, sees the Devils as a team poised for long-term success. However, LeBrun predicts Devils GM Tom Fitzgerald will encourage Toffoli to familiarize himself with the team and market before initiating extension discussions – similar to the team’s approaches with Erik Haula and Timo Meier as recent examples.

Graves, Tatar, Wood All Headed For Free Agency

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  • The New Jersey Devils don’t have a ton of cap space after announcing a max-length extension for Timo Meier, and as expected, they won’t be making any other major re-signings before free agency opens on Saturday. Defenseman Ryan Graves and forwards Tomas Tatar and Miles Wood are going to test the open market, general manager Tom Fitzgerald confirmed today. Per CapFriendly, the team has around $10.2MM in space but needs to re-sign a quartet of restricted free agents and potentially add a goalie to complement Vitek Vanecek.

New Jersey Devils, Timo Meier Agree To Long-Term Extension

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The New Jersey Devils are having a very busy offseason. The team has already traded away Damon Severson, Mackenzie Blackwood, Yegor Sharangovich, and Reilly Walsh, while bringing in Tyler Toffoli and Shane Bowers.

Now, with just a few days before he hit restricted free agency,  Timo Meier has signed a massive extension.

The eight-year deal carries an average annual value of $8.8MM, making Meier the highest-paid forward on New Jersey. The full breakdown is as follows:

  • 2023-24: $12.0MM
  • 2024-25: $11.1MM
  • 2025-26: $10.75MM
  • 2026-27: $7.75MM
  • 2027-28: $7.2MM
  • 2028-29: $7.2MM
  • 2029-30: $7.2MM
  • 2030-31: $7.2MM

General manager Tom Fitzgerald released a statement on the deal:

We were excited to acquire Timo at the deadline, but it’s an even greater feeling knowing that he’ll be here for the next eight seasons. Timo’s unique blend of style of play, goal-scoring ability, and physical presence will prove valuable for us.

In talking with him, Timo realized, and I always believed, that this is the right place for him as a player and a person. We’ve locked up another piece of our young core that is looking to take that next step together for greater success.

Meier, who arrived in New Jersey at the deadline and scored 14 points in 21 games down the stretch, seems to be a perfect fit for the upstart Devils. The club wants to take another step toward Stanley Cup contention next season, has the cap space to retain him, and the support to keep him at the 40-goal mark he set this year.

Given that Meier is still just 26 years old, an eight-year extension also doesn’t pose all that much risk. Sure, he will likely start to decline before it expires, but the salary cap is also set to start increasing next summer. Getting him locked in now could mean Meier turns into a relative bargain down the road.

Of course, it was never going to be cheap. Meier’s last contract was structured so that a qualifying offer this summer would be worth $10MM, giving him a ton of leverage in extension talks. Seventy-five goals over the past two seasons also help.

With Jack Hughes already locked up at $8MM (a deal that looks like it might turn into one of the biggest steals in the NHL), Jesper Bratt recently extended through 2030-31, and captain Nico Hischier still signed through 2026-27, there is a real chance for the New Jersey forward group to pull off some special things in the next few years.

Meier’s powerful mix of skill and size should only complement that group, especially after adding another consistent middle-six winger in Toffoli, that can boost secondary scoring without requiring top-line minutes.

A long-term extension has always made sense—now Meier and the Devils need to take that difficult next step.

Devils Unlikely To Sign Miles Wood

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Sportsnet’s Elliotte Friedman is reporting that the New Jersey Devils have granted Miles Wood permission to speak with other teams around the league about trading for his rights prior to July 1st. This likely signals the end for Wood in New Jersey as he will be an unrestricted free agent in a few days, and it doesn’t appear as though the Devils see him in their future.

New Jersey drafted Wood in the fourth round of the 2013 NHL entry draft and after a season in the NCAA and a cup of coffee in the AHL, Wood found himself as a regular in the Devils lineup. Expectations were high for the Buffalo native after he finished his second full season in the NHL with 19 goals and 13 assists.

It looked as though Wood was well on his way to becoming a solid middle-six forward who could contribute 20 goals a season. However, Wood was never able to duplicate those offensive numbers failing to reach the 30-point mark in each of the next five seasons. He also struggled to elevate his linemates and was frequently guilty of turning the puck over at inopportune times.

Last year Wood posted 13 goals and 14 assists in 76 games and did a much better job driving play and was much more engaged physically, however, he continued to turn the puck over regularly.

Wood will generate some interest on the open market, but it would be surprising to see a team give up an asset to acquire his rights given that free agency is just a few days away and there are plenty of available options that can offer a similar skill set to him. That being said, the market for free agents is weak and teams looking for bottom-six help could do worse than Wood.

New Jersey Devils Acquire Tyler Toffoli

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The New Jersey Devils have acquired forward Tyler Toffoli from the Calgary Flames, with the signing rights to RFA Yegor Sharangovich and a 2023 third-round pick (80th overall) headed to Alberta in return.

This move comes just after Toffoli made it clear to the Flames that he would not be signing a contract extension to remain in Calgary. The 31-year-old two-time Stanley Cup champion is playing out a $4.25MM AAV contract that will expire at the end of next season. By acquiring Toffoli, the Devils add the Flames’ leading scorer and a player who has crossed the 20-goal plateau seven times.

While the Flames as a team had an extremely disappointing season, Toffoli had one of the finest years of his career in 2022-23. Not only did he score 34 goals and 73 points, each career-high marks, he also captained Team Canada to victory at the 2023 IIHF Men’s World Championships.

The acquisition of Toffoli signals a shift in focus for New Jersey that was all but confirmed when the team reached the playoffs and eliminated their arch-rival New York Rangers in the first round.

The long rebuild is over for the Devils, and the focus for GM Tom Fitzgerald is no longer on building for the future, it’s about assembling a Stanley Cup contender ready as soon as next season.

In adding Toffoli, the Devils’ hopes of going on a long playoff run have certainly increased. Toffoli’s been on quite a few of those, and he has triple the career playoff points of Tomas Tatar, the player he’s most directly replacing in New Jersey’s forward lineup. He may not be a long-term acquisition at 31 years old, but he’s an exceptional finisher and is easily improves the team’s group of forwards.

Seeing as Ondrej Palat, Dawson Mercer, Jesper Bratt, and Timo Meier are likely at this point in time to occupy the spots on the wing next to New Jersey’s two franchise centers, Toffoli could end up in a third-line role for the Devils. That would give the Devils an embarrassment of riches up front, potentially giving them three forward lines capable of creating offense at an impressive rate. At the very least, Toffoli’s addition gives head coach Lindy Ruff another talented scoring forward to plug into his lineup.

Sharangovich was unlikely to have a long-term future in New Jersey, given the whole host of young players that still need to sign contract extensions. Players such as Meier and in the future, Luke Hughes are likely to eat up quite a bit of the Devils’ future cap space, so with RFA negotiations set to take place this summer, it seems other players supplanted Sharangovich in New Jersey’s long-term plans.

For Calgary, losing Toffoli is undoubtedly disappointing but they do have an interesting player headed their way in Sharangovich. As he turned 25 earlier this month, he fits new GM Craig Conroy’s goal of getting younger and faster this offseason. He got a little lost in a crowded Devils forward group last year and scored a career-low 13 goals and 30 points, but in the prior two years when he had a larger role he scored at a 25-goal, 48-point pace.

If Sharangovich gets a chance to play with forward Jonathan Huberdeau, for example, he could take an even larger step forward offensively. He’s also decently versatile, with experience playing all three forward positions. Seeing as Toffoli is a widely respected player with an affordable cap hit, the Flames likely had no shortage of offers for his services.

Their acquisition of Sharangovich suggests they feel he can become an even greater player under their new head coach Ryan Huska. While it undoubtedly hurts to lose Toffoli, Sharangovich could be a player who lifts Flames fans out of their seats for years to come.

Photos courtesy of USA Today Sports Images

San Jose Sharks Expected To Acquire Mackenzie Blackwood

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The San Jose Sharks have reportedly acquired goaltender Mackenzie Blackwood from the New Jersey Devils, per Kevin Weekes of ESPN. The Sharks are sending a sixth-round pick in an undisclosed year to the Devils for the netminder, which checks an item off the Devils’ long offseason checklist.

Once a highly-regarded up-and-comer, things have gone spectacularly off the rails for Blackwood in recent seasons, mainly due to injury troubles. Selected 42nd overall in 2015, Blackwood posted a 22-14-8 record in 43 starts during his rookie season in 2019-20 and finished sixth in Calder Trophy voting. He’s started just 79 games in the three seasons since then, achieving just a .897 save percentage and a 33-33-10 record. For a team looking to contend for the Cup next season, it’s simply not good enough – especially for the $3.36MM qualifying offer he was due as a pending restricted free agent.

The Sharks, who are in desperate need of a netminder, get their fix with another reclamation project. They’ll have no issue accommodating whatever they’ll end up signing Blackwood to, entering the offseason with over $14MM in projected cap space (CapFriendly).

For now, he’ll form a tandem in the Bay Area with Kaapo Kahkonen, who’s under contract at a $2.75MM cap hit in 2023-24 and posted similarly poor numbers this past season. Both are 26 years old, and the Sharks will need to work with both closely to restore their career trajectories.

Blackwood’s still a netminder with plenty of NHL experience, though, and a sixth-round pick is certainly worth the gamble on the netminder. With his play sharply declining, though, there didn’t seem to be a ton of interest on the trade market, so New Jersey had to settle.

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