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Free Agent Focus: New York Rangers

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Free agency is now less than a month away from opening up and there are quite a few prominent players set to hit the open market while many teams have key restricted free agents to re-sign.  The Rangers have a lot of options when it comes to the upcoming free agency period, but don’t have as much to concern themselves with when it comes to their own free agents. New York does have a few restricted free agents they must worry about, but few players to concern themselves among unrestricted free agents.

Key Restricted Free Agents: F Pavel Buchnevich — The Rangers must be thrilled with the continued improvements of their 24-year-old forward, who has continually taken his game up a notch in all three years, scoring eight goals as a rookie, 14 goals last season and moving into a permanent top-six role in 2018-19 with a 21-goal campaign. That number was more impressive considering he only played 64 games due to a broken thumb and some issues with head coach David Quinn, although he eventually developed a solid relationship with the coach. His 15:10 ATOI was lower than a number of lesser forwards as he ranked ninth in that area among forwards, but should increase significantly next season. Now that his entry-level deal is up, New York must pay him significantly more than the $925K he was previously making. However, with his development, it’s more likely the team will seek a bridge deal in hopes that his progress continues to improve.

F Brendan Lemieux — The Rangers didn’t get a lot of time to evaluate Lemieux, who the team acquired at the trade deadline as part of the Kevin Hayes trade. While not a key piece to the deal, New York hoped that the 23-year-old would give them a key bottom-six winger for a number of years as he had proved to be an agitator in his 53 games played in Winnipeg. Lemieux started his tenure in New York off well as he provided that grit the team needed, but after averaging 7:25 of ATOI with the Jets, his minutes jumped to 12:50 with the Rangers, and he quickly wore down, suggesting he lacked conditioning. In 19 games, he accumulated six points, 64 penalty minutes and two misconducts, which is a lot of penalties. Regardless, it’s likely the Rangers will seek a short-term deal so that Lemieux can prove himself.

D Neal Pionk — After showing off impressive skills in a trial during the 2017-18 season, the 23-year-old blueliner didn’t fare as well in his first full season with the Rangers. Pionk finished the season with six goals and 26 points but also saw his plus/minus drop to minus-16, but found himself in Quinn’s doghouse quite often in the second half of the season and was often a healthy scratch as he tallied just one point and seven points in his final 37 games. With a number of young defenseman close to ready for a regular NHL role, general manager Jeff Gorton will have to decide whether Pionk should stay with the defense or whether the team should move on from him. Expect him to get a short-term or even more likely a one-year deal on a “prove it” contract.

Other RFAs: D Julius Bergman, D Chris Bigras, D Fredrik Claesson, D Anthony DeAngelo, G Brandon Halverson, F Vinni Lettieri, G Chris Nell

Key Unrestricted Free Agents: D John Gilmour — Yes, Gilmour, who played a total of five games for the Rangers this past year, is the team’s top unrestricted free agent. The Group 6 free agent played 28 games during the 2017-18 season, but found himself playing a full season for the Hartford Wolf Pack in the AHL where he dominated, scoring 20 goals and 54 points and was named to the AHL All-Star team. However, he has been passed over on the prospect chart by Ryan Lindgren and Libor Hajek and doesn’t seem to be a major part of the team’s long-range plans although he could be a cheap 6/7th defensive option for the Rangers if they want a low-cost option.

Other UFAs: F Connor Brickley, D Rob O’Gara, G Dustin Tokarski

Projected Cap Space: With a little less than $64MM in commitments for next season (per CapFriendly), the team has room to make changes, but it’s unlikely the team will make any long-term commitments in house this offseason. The team is far more likely to go with multiple short-term deals and focus on fast-tracking their rebuilding efforts as they will likely attempt to bring in a top free agent to supplement its young players.

Photo courtesy of USA Today Sports Images.

Sabres And Rangers Have Discussed A Jimmy Vesey Trade

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The Rangers and Sabres have held discussions regarding a trade involving winger Jimmy Vesey, Sportsnet’s Elliotte Friedman reports in his latest 31 Thoughts column.  This isn’t the first time that Buffalo has gone after him either as they acquired his negotiating rights back in 2016 back when Tim Murray was their GM.  However, Vesey opted to not sign with the Sabres and went to New York instead.

While Vesey hasn’t become a top-end scorer as he was during his tenure at Harvard, he has emerged as a capable secondary scorer with the Rangers.  He’s coming off of a career-best 35 points in 2018-19 and has scored at least 16 goals in each of his three NHL seasons.

New York’s in the middle of their youth movement and the wing position is about to get more crowded in the near future.  2018 first-rounder Vitali Kravtsov and the presumptive number two pick Kaapo Kakko could both be in the mix for playing time as soon as October and playing time for them could come at Vesey’s expense.  At the very least, their presence will lessen the need for them to lock him up to a long-term deal.

The 26-year-old is entering the final year of his contract, one that carries a $2.275MM AAV but most notably, he’ll be eligible for unrestricted free agency next summer.  Buffalo can certainly afford the cap hit and it’s likely they believe that a change of scenery could help him take that next step forward in his development.  As trade talks begin to pick up with the draft now less than a week away, this will be something to keep an eye on in the days to come.

Rangers To Hire Tanner Glass In A Player Personnel Role

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  • Veteran winger Tanner Glass has retired and will join the Rangers in a player personnel role, reports Brett Cyrgalis of the New York Post. He spent parts of four seasons with New York in the past and after failing to land an NHL contract last summer, he played in France in 2018-19.  He wraps up his playing days with nearly 600 career NHL games played with six different teams.

Minor Notes: Pettersson, Glass, Porter

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Emil Pettersson is heading back to the SHL after a pair of seasons in the AHL. The 25-year old big brother of Vancouver Canucks star Elias Pettersson signed with the Nashville Predators in 2017, but was traded to the Arizona Coyotes in February of this year. Even with the change of scenery he wasn’t able to make it to the NHL, instead playing 61 total games at the AHL level and recording 38 points. Pettersson is heading back to the Vaxjo Lakers, the same club he left in 2017.

The Coyotes can retain his rights temporarily with a qualifying offer, but given the two-year contract he signed in Sweden he will likely become an unrestricted free agent before considering a return to North America.

  • After a lone season in France playing for the Bordeaux Boxers, veteran NHL forward Tanner Glass has announced his retirement. The 35-year old has apparently been offered a position with his former team the New York Rangers, though the Bordeaux press release doesn’t make it clear what his title would be. Glass played 134 of his 527 career NHL games with the Rangers, racking up 472 hits and 181 penalty minutes.
  • Kevin Porter is staying put after signing a one-year extension with the Rochester Americans of the AHL. The minor league deal is for the 2019-20 season, and keeps the Americans’ captain in town. The 33-year old Porter has played 249 games in the NHL over his career, but is much more well known for his years in the minor leagues where he has been a consistent producer for several teams. He recorded 39 points in 58 games last season and is a former Hobey Baker winner that can help the young Buffalo prospects navigate their first taste of professional hockey.

New York Rangers Won’t Rule Out Buyouts

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The New York Rangers are on their way to a quick rebuild, armed with a huge number of young talented players that should make an NHL impact as soon as this season. That’s why they’ve been connected to several top free agents, who could potentially propel them back into the playoffs right away. The question of whether they can afford said free agents has also been asked however, given some of the bad contracts still on the books for another few seasons. GM Jeff Gorton spoke about that with Larry Brooks of the New York Post about the team’s offseason, and admitted that they haven’t ruled out buying someone out this summer.

Brooks suggests two candidates for the process, Brendan Smith and Kevin Shattenkirk, who combined would save the Rangers more than $8MM in cap space this season if bought out. The first buyout window opens on Saturday, but another one will also open later in the summer as long as multiple restricted free agents file for arbitration (the Rangers currently have six players in the organization eligible to file). The scribe also notes that the team has found no interest on the trade market for either player, even offering to retain 50% of their remaining salary.

Smith, 27, has performed poorly since signing his four-year $17.4MM contract with the Rangers in 2017. He ended up clearing waivers and being sent to the minor leagues in 2017-18, and even suited up at forward several times this season just to get him into some game action. In 63 games during the 2018-19 season he recorded just 13 points.

Shattenkirk meanwhile was the prize of free agency in 2017, but ended up signing just a four-year $26.6MM deal in order to play for New York. That relatively short term looks like a brilliant decision by the Rangers now, given how far his game has fallen since the deal was inked. Once a premiere offensive defenseman that logged at least 40 points in five consecutive (full-length) seasons, Shattenkirk has seen his point production fall off and his playing time with it. He recorded just 28 points in 73 games this season and was a healthy scratch at times. While he still provides excellent possession numbers, it’s clear that head coach David Quinn can’t trust him enough in the defensive zone to give him the 22+ minutes a night he was once earning in St. Louis.

Even if they don’t go down the buyout road, the Rangers are in pretty good health financially when it comes to the salary cap. Only two players on the entire roster are signed for more than two seasons, and both—Brady Skjei and Mika Zibanejad—are young enough that a decline should not be expected during those deals. Nearly the entire forward core is on their last season under contract, meaning the team can structure their salary situation however they please over the next 12 months. If that includes going after a big name in free agency so be it, but it also could revolve around new deals for players like Chris Kreider, who will enter next season as a pending unrestricted free agent and top trade bait if the year starts without an extension.

Photo courtesy of USA Today Sports Images

Buyout Watch: Most Likely Candidates As Buyout Window Nears

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At this time next week, there could already be a few notable additions to the impending unrestricted free agent class. The NHL’s buyout window is set to open on Saturday, June 15th, after which teams will have 15 days to buy out unwanted contracts before the month ends and free agency begins on July 1st. This year in particular, there seem to be a surplus of teams upset with their current salary cap position and itching to remove a contract from their books that has not yielded the expected results. Yet, at a cost of two-thirds of the remaining salary and double the remaining term (in most cases), as well as the side effects of pay and bonus structure, it may not always be the best route. The following are some of the top names that could be bought out later this month and the cost to do so:

Corey Perry, Anaheim Ducks

Contract Remaining: Two years, $8.625MM cap hit
Buyout Cost (each year): $2.625MM/$6.625MM/$2MM/$2MM

The most recent name to hit the buyout rumor mill, Perry’s contract is undoubtedly an albatross and it is difficult to see him getting back to the pace and production that initially warranted his high cap hit. A buyout would give the Ducks immediate relief this year and $2MM in years three and four is not bad. However, the 2020-21 cost is not ideal. However, it’s hard to see anyone trading for Perry’s contract with so many unknowns about his game, so this could be the only choice for Anaheim.

Dion Phaneuf, Los Angeles Kings

Contract Remaining: Two years, $7MM cap hit
Buyout Cost (each year): $2.917MM/$5.417MM/$1.417MM/$1.417MM

The Kings want to get younger and faster and want some cap space to improve. Moving Phaneuf accomplishes all of that, and L.A. has good blue line depth to fall back on in the short-term. Like Perry, this buyout hurts in year two, but is otherwise tolerable. The Kings will try to trade Phaneuf and may succeed, otherwise this is a likely buyout scenario.

Scott Darling, Carolina Hurricanes

Contract Remaining: Two years, $4.15MM cap hit
Buyout Cost (each year): $1.233MM/$2.333MM/$1.183MM/$1.183MM

One of the earliest reported buyout rumors was that of Darling, and for good reason. The former star backup has not panned out as a starter for Carolina, a team that made it to the Eastern Conference Final with a tandem of a UFA flier and a veteran waiver claim. The Hurricanes may not have any experienced goalies under contract for next season yet besides Darling, but that won’t stop them from moving on and going back to the free agent market or their talented pipeline for answers, especially with this very palatable buyout and few cap concerns.

Ryan Callahan, Tampa Bay Lightning

Contract Remaining: One year, $5.8MM cap hit
Buyout Cost (each year): $2.667MM/$1.567MM

Callahan won’t be in Tampa one way or another next season. The team is facing a difficult cap crunch and there’s no room for the veteran, who has played little role in recent years. A buyout doesn’t give the Bolts the full savings they’d hope for this upcoming season and a trade likely remains preferable, but Callahan’s stock is not high and a buyout remains the more likely resolution.

Valeri Nichushkin, Dallas Stars

Contract Remaining: One year, $2.95MM cap hit
Buyout Cost (each year): $700K/$450K

Nichushkin’s age makes his buyout fall under the second category of buyout wherein only one-third of the remaining salary is accounted for. As such, his buyout would mean almost nothing for Dallas’ cap calculations. The young winger failed to score a goal last season as a regular player and both sides would seemingly benefit from a split. It’s not certain that the Stars will move on, but should they choose to, a buyout is a painless option.

Brendan Smith, New York Rangers

Contract Remaining: Two years, $4.35MM cap hit
Buyout Cost (each year): $971K/$3.146MM/$1.146MM/$1.146MM

Smith has been a disaster in New York and certainly not the player that the Rangers saw perform well in the postseason as a deadline addition in 2016-17. It’s hard to see a fit for Smith moving forward, even more so than other unfriendly defense contracts like Marc Staal and Kevin Shattenkirk. It’s even more difficult to see him having any trade value, so the team would have to go the buyout route. It’s not a terrible option, but as frequently happens, the year one savings come back to bite with a hefty year two increase.

Karl Alzner, Montreal Canadiens

Contract Remaining: Three years, $4.625MM cap hit
Buyout Cost (each year): $1.069MM/$4.194MM/$2.194MM/$1.069MM/$1.069MM/$1.069MM

Alzner had one point in nine games with Montreal last season, which is enough to say he’s not in the Canadiens’ long-term plans. He could be on their books for a long time to come with a potential six-year buyout structure, but at a relatively low cost most years. Alzner needs a fresh start and it’s fair to assume that Montreal will give him one.

Milan Lucic, Edmonton Oilers

Contract Remaining: Four years, $6MM cap hit
Buyout Cost (each year): $3.625MM/$5.625MM/$4.125MM/$5.625MM/$625K/$625K/$625K/$625K

Loui Eriksson, Vancouver Canucks

Contract Remaining: Three years, $6MM cap hit
Buyout Cost (each year): $5.556MM/$5.556MM/$3.556MM/$556K/$556K/$556K

Lucic and Eriksson have been tied together by rumors all off-season and one more thing they share: poor buyout possibilities. As bad as Lucic’s contract is, based on his drop-off in performance, his buyout is still very expensive for four more years and then extends another four years beyond that. The Oilers would be better off continuing to search for some way to trade him, no matter how slim the chances. As for Eriksson, his front-loaded contract makes a buyout pointless. The Canucks would pay almost the same amount in each of the next two years as if he was still on the team, then would have the cap penalty for another four years after that. Vancouver and Edmonton are likely stuck with these players, unless of course they swap them for each other.

New York Rangers Sign Tarmo Reunanen

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The New York Rangers will be signing one of their international prospects, as they have agreed to terms with Tarmo Reunanen on a three-year entry-level contract. Reunanen played his first full season in Finland’s Liiga in 2018-19.

Reunanen, 21, was the 98th selection in 2016 despite having missed much of his draft year due to injury. He was still ranked 53rd among international skaters by NHL Central Scouting, and the Rangers took a chance on him because of the huge offensive upside he had shown in the Finnish junior leagues. Unfortunately, that offense didn’t materialize for the first two years after he was drafted. With just three points in 27 Liiga games and 11 points in 44 Mestis (Finland’s second league) contests, it looked like his development had slowed.

Not so fast, as Reunanen exploded this season playing for Lukko, registering 25 points in 58 games. The young defenseman became just the fifth 21-or-under blue liner to register at least 25 points in the last decade, joining Sami Vatanen, Esa Lindell, Ville Pokka and Sami Niku in that group. Those names should inspire some confidence in Rangers fans hoping they have found a gem in the middle rounds. His ability to carry the puck efficiently through the neutral zone should bode well for his chances in North America, though he’ll have to make sure he can stand up physically in his own end.

The Rangers are building quite the pipeline of talent on the back end, with players like Ryan Lindgren, Adam Fox, Libor Hajek, Joey Keane and K’Andre Miller all looking like legitimate NHL options in the future. Add that to the kind of offensive firepower they’re cultivating in names like Lias Andersson, Filip Chytil, Brett Howden and of course the soon-to-be-picked Kaapo Kakko or Jack Hughes, and the Rangers are obviously moving in the right direction.

Minor Notes: Woods, Virta, McKenzie

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Even though the Stanley Cup Final and draft preparation is taking up most of the hockey world at the moment, there are things still happening behind the scenes and in the minor leagues. As always, we’ll keep track of the happenings in the AHL and other leagues around the world right here:

  • The Toronto Marlies have signed Riley Woods to a one-year AHL contract, giving the WHL forward a place to play next season. Woods finished his junior career this season with the Spokane Chiefs, recording 75 points in 65 regular season games and being named a second team All-Star. The Maple Leafs have built quite the development system in Toronto, and have now started bringing in late-blooming CHL stars to try and shore up their ranks in the minor leagues.
  • CapFriendly confirmed today that the New York Rangers have also lost the draft rights to Patrik Virta, their seventh-round pick from 2017, because they didn’t sign him by June 1. There was some confusion of Virta due to the fact that he played in the KHL for part of the 2018-19 season—which has no transfer agreement and therefor would have extended the rights indefinitely—but given his transfer to the SHL they have indeed expired. Virta was a top scorer in the Finnish league in 2017-18 but struggled in the KHL and Sweden this season. He is an unrestricted free agent now, and can sign with anyone.
  • Curtis McKenzie received 27 minutes of penalties at the end of game two of the Calder Cup Final, and will now see even more discipline. The Chicago Wolves forward has been suspended for game three after attacking a prone Steven Lortenz with 0.8 seconds left in the game. McKenzie has now amassed 51 penalty minutes in 19 playoff games for the Wolves, after leading them with 112 in the regular season. If that makes you think he’s only out there to fight you’d be wrong, as the former Dallas Stars forward also recorded 54 points in the regular season and has another 14 in the postseason. His loss is a big blow to Chicago after the series was tied 1-1.

New York Rangers Agree To Terms With Yegor Rykov

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Monday: New York has officially announced the deal.

Saturday: The Rangers have agreed to terms on a two-year, entry-level contract with defenseman Yegor Rykov, reports TVA Sports’ Renaud Lavoie (Twitter link).  Financial details were not disclosed but the deal contains a European Assignment Clause.

Rykov was a fifth-round pick (132nd overall) of the Devils back in 2016 but was dealt to New York as part of the Michael Grabner trade leading up to the 2018 trade deadline.  The 22-year-old has spent the last three seasons as a regular in the KHL and just wrapped up his first season with HK Sochi where he had three goals and six assists in 47 regular season games while averaging 19:24 per night of ice time, a number that jumped by more than two minutes a game in the postseason.

Considering the group of youngsters that the Rangers now have on their back end – a group bolstered by the acquisition of Adam Fox earlier this offseason – Rykov will be in tough to contend for a roster spot right away.  They may prefer him to spend some time with AHL Hartford but he will have the final say over whether or not that happens with the assignment clause in his contract.

Morning Notes: Bruins’ Long Wait, Kapanen, Kakko, Svechnikov

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During his press conference on Saturday, Boston Bruins general manager Don Sweeney said the team would go outside the organization for advice on how utilize their time correctly considering they don’t play again until May 27, which is still eight days away. The Athletic’s Joe McDonald (subscription required) adds that Sweeney was talking about consulting the New England Patriots of the NFL, a team that has spent quite a bit of time playing in Super Bowl games.

In fact, Boston’s four major franchises have combined for 12 titles this century, but with six Super Bowl Championships, the Patriots may know how to stay sharp more than anyone. The team hopes to take some of Bill Belichick’s tips to heart. “Hopefully they’ll be able to share some information with us,” Sweeney said.

There was initially some talk of an intra-squad game, but there is no real way to simulate a Stanley Cup Finals game, nor is the team thrilled about opening up their players to possible injury. In the end, rest might be the best course of action.

In the short term, it’s really beneficial for our group. We’ve been pedal to the metal here, mentally and physically, for a while. I do believe in the short term it will help us a lot. Then it’s incumbent upon us to simulate the best we can with what’s going to be required going forward.

  • TVA Sports (translation required) suggests that while there are plenty of rumors surrounding the Montreal Canadiens being interested in putting together an offer sheet to pry Mitch Marner away from the Toronto Maple Leafs, the writer suggests instead the team should use an offer sheet instead to get Kasperi Kapanen, which would have a much higher chance of success. If the Canadiens offer Kapanen a deal anywhere from $4.23MM to $6.63MM for at least three years, the compensation would only be a first and a third-round pick, which would likely be worth the acquisition.
  • The New York Post’s Joseph Staszewski reports 2019 draft prospect Kaapo Kakko said that his goal is to become the No. 1 pick in the NHL draft to the New Jersey Devils. Kakko is currently expected to be the second-overall pick in the draft, slated to go to the New York Rangers with prospect Jack Hughes expected to end up in New Jersey. However, an impressive showing so far at the World Championships for Finland might be enough to push him one notch higher. “This is a big thing for me for the draft,” Kakko told NHL.com through a translator. “I think I can be the first [pick]. “I’ve played well. I haven’t paid much attention to Jack Hughes and his game, but I’m confident I’ve been able to let everyone see my skills and the level of my game. It’s not going to be an easy choice for the teams.”
  • Helene St. James of the Detroit Free Press looks back at the Detroit Red Wings’ 2015 NHL draft, analyzing its success. The team drafted Evgeny Svechnikov that year, who lost some valuable development time last season when he was forced to undergo ACL surgery in September. While the team still has a few pending prospects from that draft, the key to the draft will be Svechnikov, who so far has just two goals in 16 games and needs a bounce-back season if they don’t want to look at that draft as a failure.

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