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Metropolitan Notes: Namestnikov, Brown, Werenski, Siegenthaler, Malkin

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While a buyout of one of the New York Rangers defensemen seems like a popular option to fix the fact that the team is currently projected to be over the salary cap after New York paid out $19.65MM AAV for both Artemi Panarin and Jacob Trouba, there are still other options that might make even more sense.

With plenty of rumors that New York could choose to buyout Kevin Shattenkirk, Brendan Smith or Marc Staal when their buyout window opens on Monday, The Athletic’s Rick Carpiniello (subscription required) writes that the team might be better off saving their future cap room from carrying extra dead weight. One way to do that is move forward Vladislav Namestnikov, who carries a $4MM cap hit this year before becoming a unrestricted free agent. While teams might have shown little interest in the 26-year-old who scored just 11 goals last season, one better option would be to retain some of his salary, which could easily make him a more attractive trade option and wouldn’t cost the team future cap costs. Namestnikov is only one year removed from a 22-goal, 48-point season.

  • Sticking with the Rangers, the team announced the passing of former great Arnie Brown Saturday. The defenseman died at the age of 77, but played a total of 12 seasons for five different teams, but made his mark with New York after playing seven seasons (from 1964-1971) for the franchise and is listed among the top 100 players in Rangers history. Brown played 681 games over the course of his career, posting 44 goals and 185 points. Everyone at PHR wishes the best for the family and friends of Brown at this time.
  • The Columbus Dispatch’s Michael Arace writes that little progress has been made between the Columbus Blue Jackets and restricted free agent Zach Werenski. While the team hopes that it can lock up the 22-year-old to a long-term deal, there is always the possibility that Werenski could be a training camp holdout if the two sides can’t find an equitable arrangement. Blue Jackets fans have already seen that as several players, including Josh Anderson and Ryan Johansen have done that in past seasons. Werenski has proven to be a top pairing defenseman, having tallied 38 goals and 128 points over the course of three seasons. With key losses this offseason of Panarin, Sergei Bobrovsky and Matt Duchene, the team could benefit if they can convince Werenski to sign long-term.
  • After signing defenseman Christian Djoos and forward Chandler Stephenson to one-year deals last week, the Washington Capitals once again find themselves over the salary cap by $1.3MM. While one option to reduce their cap hit would be to send Jonas Siegenthaler to the AHL like the team did last year, NBC Sports Washington’s J.J. Regan writes that won’t be possible. While Siegenthaler is still waiver exempt, the team only has seven NHL defensemen under contract and even if they felt that Tyler Lewington could be the team’s seventh defenseman, he wouldn’t save the team a significant amount of money to make the move worth it. Unfortunately for general manager Brian MacLellan, the team will have to make a different move this year to get under the cap.
  • The Athletic’s Scott Burnside (subscription required) looks at candidates who could bounce back from disappointing seasons and marks Pittsburgh Penguins center Evgeni Malkin as a player who should return to his 90-point ways. The 32-year-old went from a 42-goal season in 2017-18 to half that total last year (21 goals) and went from 98 points to 72. Burnside writes that the team will need more goal scoring after losing Phil Kessel and Malkin will be looked to even more to fill that gap.

Latest On Rangers’ Kevin Shattenkirk

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When the New York Rangers inked restricted free-agent Pavel Buchnevich to a two-year deal Friday, the Rangers also opened up a 48-hour buyout window starting Monday in which the team could opt to buy out one of their defenseman, including Kevin Shattenkirk, Brendan Smith and Marc Staal. While the Rangers did not buy any players out earlier this summer, things have changed after the team paid out $19.65MM AAV combined for Artemi Panarin and Jacob Trouba in the last month.

And while there is no evidence as to what New York intends to do, the New York Post’s Larry Brooks believes wholeheartedly that Shattenkirk will be bought out and will not be a Ranger by Wednesday evening. Considering that the Rangers traded for two right-handed defensemen this offseason, it should make it obvious the team is ready to move on from the veteran, who the team signed to a four-year deal two summers ago at $6.65MM AAV.

After signing Buchnevich for two years at $3.25MM per season, New York is projected to be $4.16MM over the cap (assuming that the team buries Brendan Smith and Matt Beleskey and both restricted free agents Anthony DeAngelo and Brendan Lemieux sign for their qualifying offers) and will be forced to make a cost-cutting move. While it’s already been discussed that the team is under no obligation to buy out one of their defenseman as they have a couple of players they could trade including Chris Kreider and Vladislav Namestnikov to get back under the cap, the scribe believes that Shattenkirk’s contract makes the most sense to buyout.

2019-20: $1.48MM (savings of $5.17MM)
2020-21: $6.08MM (savings of $567K)
2021-22: $1.43MM
2022-23: $1.43MM

The buyout would give the Rangers a little over $1.1MM to work with after that and wouldn’t require the team to trade off Kreider just to save the team some money, one of the top wingers on the team who will be an unrestricted free agents next offseason. Trying to trade one of your best players when you are over the cap isn’t exactly the best bargaining position. Of course, the Rangers would have to assume 90 percent of Shattenkirk’s contract next season if the team does choose to buy him out, which really will make things challenging for New York next season.

The Rangers, however, can do nothing until Monday and there is no sign that they are currently committed to buying out Shattenkirk.

Rangers Re-Sign Pavel Buchnevich

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With an arbitration hearing quickly approaching, the Rangers announced (Twitter link) that they have re-signed winger Pavel Buchnevich.  Larry Brooks of the New York Post reports (via Twitter) that it’s a two-year deal with a cap hit of $3.25MM per season.

The 24-year-old set a new career-high in goals last season with 21 despite missing considerable time due to injuries, including a thumb issue that caused him to miss 13 contests.  That certainly would have helped his cause had his case gone to arbitration on Monday as originally scheduled.  He also has been relatively productive as a secondary scorer the last couple of seasons, posting 43 points in 2017-18 and 38 last season.

With the team adding Artemi Panarin in free agency while adding Kaapo Kakko with the second pick in last month’s draft, the competition for a top-six spot on the wing is going to be tough in training camp.  It wouldn’t be surprising to see Buchnevich drop down a line which could make it difficult to surpass his numbers over the past two years.

While getting this done was certainly critical for GM Jeff Gorton, it now brings their salary cap situation even more to the forefront.  The team now has upwards of $85MM in commitments for next season (and still has to re-sign defenseman Anthony DeAngelo and winger Brendan Lemieux).  In other words, they’re well over the $81.5MM Upper Limit.

As this was New York’s final arbitration case, the clock is now set for their second buyout window.  It will open up on Monday afternoon and last 48 hours.  Defensemen Brendan Smith and Kevin Shattenkirk have been speculative buyout candidates going back to the initial window in June but at the time, Gorton opted to not pull the trigger on a buyout at that time.  Since then, the team signed Panarin to a deal that makes him the highest-paid winger (in terms of AAV) in league history while inking defenseman Jacob Trouba to a deal worth $8MM per season.  Their financial situation has certainly changed in a hurry.

There is some risk in buying one of those players out though.  While they’d free up some space for next season, the front-loaded nature of their deals means that their 2020-21 cap hit would still be substantial.

Accordingly, they may be better off looking to trade their way out of trouble.  Wingers Vladislav Namestnikov and Chris Kreider, players that are both a year away from UFA eligibility, have been in trade speculation lately as has Buchnevich himself.  This contract, one that will see him remain a restricted free agent two years from now, certainly won’t hurt his trade value if Gorton looks to go that route.

For the past few weeks, the Rangers were believed to have some time to settle their cap issues.  With their final opportunity to use a buyout to free up some room expiring on Wednesday, the clock is ticking quickly.  They’ll be a team to watch for over the coming days.

Photo courtesy of USA Today Sports Images.

Vinni Lettieri Agrees To Terms With New York Rangers

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The New York Rangers have agreed to terms with Vinni Lettieri on a one-year contract, leaving them with just three restricted free agents to sign this offseason. Lettieri decided not to file for arbitration despite being eligible, and will still be an RFA when this contract expires.

The 24-year old Lettieri was one of the top college free agent signings in 2017, but still hasn’t quite found his offensive touch at the NHL level. Despite scoring 85 points in 112 minor league contests, the former University of Minnesota standout has just eight in 46 games with the Rangers. That and the increased talent up front from a busy offseason will make it extremely difficult for the young forward to land an NHL spot out of camp, though it wouldn’t be surprising to see him as one of the very first call-ups if the team runs into injury trouble.

Luckily for the Rangers, Lettieri is still waiver-exempt for the time being and can be sent down without trouble. That will give the team some flexibility over choosing their opening day roster, a group that is still unclear at the moment. Brendan Lemieux and Pavel Buchnevich would both figure into that lineup but are without contracts currently—Buchnevich has an arbitration hearing scheduled for next Monday—while the future of players like Chris Kreider and Vladislav Namestnikov is still unclear after both have been included in trade rumors over the summer.

At the very worst, Lettieri will serve as a top offensive option for the Hartford Wolf Pack as they try to turn around their fortunes. The team went 29-36-11 last season and finished in 28th place.

Metropolitan Notes: Kreider, Gardiner, Konecny

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The New York Rangers have made a number of key improvements to their team with two significant moves that have affected the team’s salary cap situation. The Rangers signed star winger Artemi Panarin to a seven-year, $81.5MM deal on July 1, but also traded for defenseman Jacob Trouba and signed him to a seven-year, $56MM deal. While the team had plenty of cap space, the team now is somewhere between $900K and $1.55MM over the cap and that’s not including a number of restricted free agents left to sign, including Pavel Buchnevich, Brendan Lemieux, Anthony DeAngelo and Vinni Lettieri.

Because of that, The Athletic’s Rick Carpiniello (subscription required) writes that with those kinds of cap issues which should only get more challenging in the future, it likely ends the team’s run with forward Chris Kreider. The 28-year-old is in the final year of his contract and would likely seek a deal somewhere around seven years at $7MM per season, something that the Rangers can’t afford for a inconsistent forward who will be 29 years old when the new contract kicks in. It makes more sense that the Rangers will try to unload Kreider now for the most possible return to help with their cap issues.

  • In an article looking at three ways to improve the New Jersey Devils roster this offseason, NJ.com’s Chris Ryan writes that in a summer in which general manager Ray Shero has made some savvy moves, including acquiring P.K. Subban from Nashville for practically nothing as well as signing forward Wayne Simmonds to a one-year, $5MM “prove it” deal, the team can still make upgrades. He writes that the team should consider signing free-agent defenseman Jake Gardiner, who remains unsigned, in hopes of bolstering their weak left-side which has just Andy Greene, Will Butcher and Mirco Mueller there. Even Ty Smith, who is left-handed, played on the right side in junior, so there is a realistic opening on the left side and Gardiner might be a good fit there, assuming he’d be willing to come down from his rumored $7MM pricetag.
  • With a few key restricted free agent forwards already having signed, the Courier Post’s David Isaac writes in his mailbag piece that he believes that Philadelphia Flyers forward Travis Konecny is likely to sign within the next few weeks, especially now that a couple significant comparables have signed. the scribe writes that with Timo Meier having signed for four years at $6MM with San Jose and Jakub Vrana agreeing to a two-year deal at $3.35MM, it has set a market for Konecny. It’s likely that Konecny will fall somewhere between the two. The 24-year-old has had two straight 24-goal seasons and had a career-high 49 points last season. With the legitimate potential that a breakout season could come soon, it’s much more likely that Konecny opts to sign a short-term bridge deal over a long-term one.

Snapshots: Off-Season, College Free Agents, Bratislava

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Three weeks into free agency, it’s fair to begin analyzing how teams have improved this off-season, even though there are still several notable UFA’s who remain unsigned. The Athletic’s Dom Luszczyszyn did just that, using his predictive model to look at which team has done the most this summer. Topping the list, unsurprisingly, are the New York Rangers, who have added Artemi Panarin, Jacob Trouba, Kaapo Kakko, and Adam Fox among others. Although some have been critical of their contract details, the Florida Panthers come in a close second after adding Sergei Bobrovsky, Anton Stralman, Brett Connolly, and Noel Acciari. The Vancouver Canucks (Tyler Myers, J.T. Miller, Micheal Ferland), Chicago Blackhawks (Robin Lehner, Calvin de Haan, Olli Maatta), and Washington Capitals (Radko Gudas, Richard Panik, Garnet Hathaway) round out the top five off-season performers, per Luszczyszyn. His bottom team, very obviously, is the Columbus Blue Jackets, who faced an almost-impossible task of improving with Panarin, Bobrovsky, Matt Duchene, and Ryan Dzingel all hitting the open market. The addition of Gustav Nyquist is a nice move, but not enough to keep them from being the team that was hurt the most this summer. Even the nearest team, the San Jose Sharks, are not that close in terms of projected wins lost, and they have added no new players of note this summer. Fortunately, for Columbus and several other teams who have failed to improve but have the cap space to do so, there are a number of good players still available in free agency and salary cap crunches and restricted free agent dilemmas across the league will likely force substantial talent onto the trade block before the new season gets underway.

  • Another way that teams may be able to improve this summer is by adding some soon-to-be-available college free agents next month. While it’s not the most talented class and lacks any star standouts like years past, the August NCAA group could provide some minor league depth a potential NHL upside to a number of teams. Expect Quinnipiac offensive blue liner Chase Priskie to be the most sought-after target. The following are the players set to become free agents on August 15th, along with the team that drafted them:

F Brent Gates, University of Minnesota (ANA)
D Steven Ruggiero, Lake Superior State University (ANA)
F Christopher Brown, Boston University (BUF) – signed to AHL deal with WBS
D Ivan Chukarov, University of Massachusetts (BUF)
F Max Willman, Boston University (BUF)
F Beau Starrett, Cornell University (CHI)
G Chase Perry, Rensselaer Polytechnic Institute (DET)
D Vincent Desharnais, Providence College (EDM) – signed to AHL deal with Bakersfield
F J.D. Dudek, Boston College (EDM)
G Hayden Hawkey, Providence College (EDM)
F Joe Wegwerth, University of Notre Dame (FLA)
D Nick Boka, University of Michigan (MIN) – signed to AHL deal with Iowa
D Jack Sadek, University of Minnesota (MIN) – signed to AHL deal with Iowa
D Nikolas Koberstein, University of Alaska-Fairbanks (MTL)
F Thomas Novak, University of Minnesota (NSH) – signed to AHL deal with Milwaukee
D Miles Gendron, University of Connecticut (OTT) – signed to AHL deal with Belleville
F Brendan Warren, University of Michigan (PHI) – signed to ECHL deal with Indy
F Jacob Jackson, Michigan Tech University (SJS)
G Jake Kupsky, Union College (SJS)
F Marcus Vela, University of New Hampshire (SJS)
D Chase Priskie, Quinnipiac University (WSH)
F Steven Spinner, University of Nebraska-Omaha (WSH)

  • HC Slovan Bratislava is enjoying an active off-season, signing eight players, but it’s still unclear where they’ll be playing next season. Bratislava announced in May that it would be leaving the KHL and re-joining the Slovakina Extraliga. However, Slovakian news source Sport.SK says that it’s not that simple. The club owes a total debt of $3MM to 60 players who were not fully compensated when Bratislava last played for their national league. Until that debt is square, the league could block their re-entry. As of now, Bratislava has offered to pay 30% of the debt up front and then negotiate payment schedules with the former players to cover the rest of the outstanding debt. The league has until August 7th to make a decision about the team’s future, either granting them a license to participate or not, but in the meantime they have officially signed eight players with the expectation of playing this season and Sport.SK reports that at least seven more are waiting to sign on. One such player waiting to see how things play out is former NHL defenseman Andrej Meszaros, who captained the team over the past three years in the KHL. One would expect the most well-known pro team in Slovakia to gain entrance back into the top native league, but unpaid player salaries is a sensitive issue in Europe and there could be more hoops to jump through before anything becomes official.

Jacob Trouba Agrees To Terms With New York Rangers

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The New York Rangers are going to avoid arbitration with new defenseman Jacob Trouba, instead agreeing to terms on a new contract. The deal is for seven years and carries an average annual value of $8MM. Trouba was scheduled for an arbitration hearing on July 25, but will no longer require it. CapFriendly provides the full breakdown:

  • 2019-20: $4.0MM salary + $8.0MM signing bonus
  • 2020-21: $2.0MM salary + $8.0MM signing bonus + NMC
  • 2021-22: $2.0MM salary + $6.0MM signing bonus + NMC
  • 2022-23: $6.0MM salary + NMC
  • 2023-24: $8.0MM salary + NMC
  • 2024-25: $6.0MM salary + 15-team NTC
  • 2025-26: $6.0MM salary + 12-team NTC

This contract is exactly the reason why the Winnipeg Jets decided to move on and trade the 25-year old Trouba this summer, as they wouldn’t have been able to afford a deal of this magnitude even if he had wanted to sign long-term there. The Jets have Kyle Connor and Patrik Laine to sign this offseason and already have huge commitments laid out for several others. The Rangers meanwhile had nearly zero long-term commitments when they acquired Trouba for Neal Pionk and a first-round pick, though they subsequently gave Artemi Panarin $81.5MM in free agency.

Signing Trouba is another signal that the Rangers are finished their tear down and are starting to turn the corner towards a competitive team once again. After spending a little over a year selling every asset they could to acquire draft picks and prospects, the Rangers have now added a top-pairing defenseman, superstar winger and second-overall pick in one offseason, not to mention nabbing top college prospect Adam Fox from the Carolina Hurricanes. Though the team is still projected to be very young this year with names like Filip Chytil, Kaapo Kakko, Lias Andersson and Brett Howden fighting for playing time, the additions of Trouba and Panarin are not ones made by a rebuilding club.

The new contract for Trouba will buy out six years of unrestricted free agency, as an arbitration decision of one year would have taken him to the open market. Despite being only 25 he has already played six full seasons in the NHL, totaling 408 regular season games. After taking on a bigger powerplay role last season with the Jets, Trouba set a career-high in points with 50 while still averaging nearly 23 minutes a night. He will immediately become their top right-handed option, forming quite the formidable pairing with Brady Skjei if the team decides to go that route.

At $8MM however, a huge responsibility will be placed on Trouba’s shoulders. The deal makes him the fifth-highest paid defenseman (in terms of cap hit) in the league, tied with John Carlson and Brent Burns. Both of those players have reached the 70-point mark, with Burns being a previous Norris Trophy winner as the league’s best defenseman (three-time finalist). He’ll have more than enough opportunity to get to that level in New York, but it’s still a gamble for the Rangers to make at this point.

In fact, this deal (when combined with Panarin’s) puts the Rangers into a tight salary situation of their own. The team still has Brendan Lemieux and Anthony DeAngelo to sign and an arbitration hearing scheduled for later this month with Pavel Buchnevich. In order to afford new contracts for all three the Rangers will have to make an additional roster move, whether that is trading a player like Vladislav Namestnikov or buying out someone like Kevin Shattenkirk. The team will get another buyout window a few days after the Buchnevich arbitration is settled, which will give them some more flexibility. There is also the possibility of trading veteran forward Chris Kreider who sits as the third-highest paid forward on the team and is scheduled to be an unrestricted free agent next summer.

Either way, this contract for Trouba comes with real consequences for the Rangers. The 25-year old defenseman is an excellent player, but he now has even more pressure to perform than ever.

Photo courtesy of USA Today Sports Images

No Trade Interest In Shattenkirk, Smith, And Namestnikov

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With the Rangers needing to find out ways to clear out salary cap space in the near future, their trade chips don’t appear to be drawing much interest.  Larry Brooks of the New York Post reports that Brendan Smith has yielded no interest while the only way they can move fellow buyout candidate Kevin Shattenkirk is if they take back another onerous contract (which wouldn’t do much to help their cap situation).  Meanwhile, they haven’t had any takes for winger Vladislav Namestnikov yet either.  With basically two weeks until their second buyout window opens up (which could come earlier if both Jacob Trouba and Pavel Buchnevich re-sign before their scheduled hearings), GM Jeff Gorton will certainly be active in the coming days to try to find a fit on the trade front.

Minor Transactions: 07/18/19

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As July marches on and we get closer to arbitration hearings and contract holdouts, teams continue to fill our their organizational depth charts. Here are some minor moves from around the league:

  • The Toronto Marlies continue to add more depth, signing Ryan Johnston and Michael Kapla to AHL contracts. Kapla spent last season with the Binghamton Devils and Iowa Wild, recording 24 points in 66 games. The defenseman is a former Umass-Lowell captain that played five games in the NHL during the 2016-17 season. Johnston meanwhile spent the last two seasons in the SHL, but also has ten games of NHL experience under his belt.
  • The Hershey Bears have signed Tariq Hammond to an AHL deal, bringing in another former Binghamton defenseman. The 25-year old played 43 games for the AHL Devils last season, recording three points. Hammond was part of the 2017 NCAA champion University of Denver squad alongside other NHL players like Troy Terry, Henrik Borgstrom, Dylan Gambrell and Will Butcher, and took over as captain the following season.
  • The Hartford Wolf Pack have signed Ryan Dmowski to another AHL deal, keeping him in the organization after he joined them earlier this spring out of college. The 22-year old left winger had four points in ten games down the stretch for the Wolf Pack, and will likely be asked to play a bigger role in his first full professional season.
  • Carolina has brought in some AHL depth, announcing the signings of wingers Hunter Shinkaruk and Colin Markison plus defenseman Derek Sheppard to AHL deals.  Shinkaruk, a first-round pick of Vancouver back in 2013, had a disastrous season with Montreal’s farm team and was non-tendered last month.  Meanwhile, Markison has posted back-to-back 27-point seasons with Texas of the AHL while Sheppard was quite productive at the ECHL last season with 40 points in 57 games.

New York Rangers Agree To Terms With Phillip Di Giuseppe

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Though it has been expected for a few days, the New York Rangers finally made it official today when announcing they have agreed to terms with Phillip Di Giuseppe on a one-year contract. Di Giuseppe was an unrestricted free agent after failing to receive a qualifying offer from the Nashville Predators.

The 25-year old was picked 38th overall in 2012 by the Carolina Hurricanes, and eventually found a way onto the team as the 12th or 13th forward. Playing 147 games over parts of four seasons for the Hurricanes, he recorded 41 points but never could quite escape the minor leagues entirely. Last year after being placed on waivers for the second time, he was claimed by the Predators and played three games for them. Held scoreless in those he was on waivers once again and even the Hurricanes didn’t put in a claim to bring him back. He finished the year with the Milwaukee Admirals of the AHL.

Even if Di Giuseppe isn’t going to make a huge impact at the NHL level, he still represents some nice forward depth for the Rangers. He can be the first call-up if the team runs into injury trouble and doesn’t want to sit a top prospect in the press box, or serve as an experienced leader at the AHL level. He will need waivers again obviously, but at the end of training camp when everyone has a full roster it would be surprising to see him claimed. That is of course assuming he doesn’t play his way onto the team, which is still possible given the uncertainty any roster filled with prospects and rookies has.

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