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Minor Transactions: 11/07/21

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Today may not be a busy day on the NHL schedule, but it’s certainly been a hectic day on the transactions slate at all levels of the game. There was a lot of action today on the NHL to AHL wire, but there have been some other moves today, too. Keep up with today’s minor transactions here.

  • New York Rangers goalie prospect Talyn Boyko was dealt in the WHL today from the Tri-City Americans to the Kelowna Rockets. Boyko was drafted in the fourth round in 2021, largely because of his massive 6′ 8″ frame. However, it’s been a rough start for Boyko with a 1-6-1 record and .887 save percentage on the season. Hopefully a move to Kelowna turns his fortunes around this season.
  • Carolina Hurricanes netminder Beck Warm was re-assigned to the AHL’s Chicago Wolves from the ECHL’s Norfolk Admirals, per the AHL transactions page. The move comes after Alex Lyon was brought up to Carolina today in the wake of Antti Raanta’s injury Saturday, meaning Chicago needed another goaltender. Warm’s impressed in the ECHL with a 4-1-0 record and .921 save percentage to start the year.

New York Rangers Sign Matt Rempe

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November 4: CapFriendly released the terms of Rempe’s contract today, and they read as follows:

2021-22: $750,000 salary + $80,000 SB
2022-23: $750,000 salary + $80,000 SB
2023-24: $775,000 salary + $80,000 SB

The three-year deal carries a cap hit of $838,333.

November 3: The New York Rangers have agreed to terms with another prospect, this time inking Matt Rempe to a three-year entry-level contract. The young forward was selected in the 2020 draft and is currently playing for the Seattle Thunderbirds of the WHL.

Rempe, 19, may have been drafted in the sixth round but is no small fry. In fact, he stands 6’7″ and dwarfs almost all of his junior competition, using his huge frame to separate opponents from the puck on the regular. While there may be some questions about his offensive upside–Rempe has just 40 points in 65 career WHL games–he certainly has the size to succeed at the professional level.

The Rangers have coveted size since their front office switch, but there’s still a ton of work to do to make Rempe a legitimate NHL prospect. That entry-level deal will slide for this year and won’t kick in until 2022-23, meaning he’s now scheduled for restricted free agency in 2025. The team obviously believes he can be a valuable member of the organization though, so his progression this year for Seattle will be interesting to watch. In ten games, he has four goals.

Vitali Kravtsov Loaned To KHL

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The New York Rangers have officially loaned Vitali Kravtsov to Traktor Chelyabinsk of the KHL, allowing him to spend the rest of their season playing in Russia. Kravtsov had requested a trade earlier this season, failed to report to the AHL Hartford Wolf Pack and subsequently been suspended by the team. In the release, Rangers GM Chris Drury explained the situation:

After discussions with Vitali and his representation, we decided a loan to Traktor was in the best interests of both him and the organization. We think very highly of Vitali and the Rangers development staff will continue to work with him to reach our mutual goal of him some day being a New York Ranger.

Kravtsov released his own statement, which certainly strikes a different tone than many of the reports earlier this year:

I want to thank the Rangers for working with me, and appreciate the open and honest conversations we have had during this process. While this has been a challenging time for me personally, I believe having the opportunity to return to Traktor and work on my game is the best thing for me right now. My main focus is getting better every day to continue towards my goal of playing hockey for the New York Rangers. 

The 2018 ninth-overall pick has never seemed thrilled about the idea of playing in the AHL and to this point has just 39 games for the Wolf Pack, all of them coming in 2019-20. He’s actually spent more time with Traktor than the Rangers organization, even since signing his entry-level deal in 2019. That contract is set to expire at the end of this season, which would potentially allow him to sign a new deal in the KHL, though the Rangers would maintain his exclusive NHL rights through his 27th birthday.

The Rangers were reported to have several trade talks earlier this season but were asking a high price for the young forward. This release suggests that both are willing to try to overcome their differences down the road, but it also could be as simple as the Rangers not wanting to have an asset’s development thrown off track before they can move him for equal value.

Adam Fox Signs Seven-Year Extension

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The New York Rangers have locked up the reigning Norris Trophy winner, signing Adam Fox to a seven-year extension. Fox was scheduled to become a restricted free agent at the end of the season. The deal will carry an average annual value of $9.5MM, according to Vince Z. Mercogliano of USA Today. The breakdown of the contract is as follows, per CapFriendly:

2022-23: $11.0MM salary
2023-24: $12.0MM salary
2024-25: $12.0MM salary
2025-26: $9.5MM salary (NMC)
2026-27: $1.0MM salary + $6.5MM SB (NMC)
2027-28: $1.0MM salary + $6.25MM SB (16-team no-trade list)
2028-29: $2.5MM salary + $4.75MM SB (16-team no-trade list)

Fox, 23, is one of just two players in NHL history to win the Norris Trophy in one of his first two seasons, joining Bobby Orr who also won it in his sophomore year. He’s also just the fourth American defenseman to win the award, and has quickly become one of the faces of the NHL. Originally selected by the Calgary Flames in 2016, Fox was traded twice before ever signing his entry-level contract, which he eventually inked in 2019 after three years at Harvard.

With his ELC coming to an end, it was obvious that a mega-deal was awaiting the young defenseman. This contract though, which buys out four years of unrestricted free agency, could actually be considered something of a discount for the Rangers. Fox will now be tied for the fourth-highest paid defenseman in the league in 2022-23, matching the extensions signed by Seth Jones and Charlie McAvoy earlier this summer. Zach Werenski, whose extension is for only six years but of which five are UFA seasons, slots in just ahead of that group with a $9.58MM cap hit moving forward. All of those are well behind Erik Karlsson ($11.5MM AAV) and Drew Doughty ($11MM AAV), who each signed their massive contracts ahead of full UFA status.

Even though this will become the largest contract ever given to a defenseman coming out of his entry-level deal, it’s the seven-year length that is so important for the Rangers. Fox likely could have squeezed out more total salary by going with a shorter term, though obviously, that comes with the risk of injury or a decline in performance. Locking in at a very healthy number while also committing long-term to the franchise he always dreamed of playing for is the best option for both parties, though it still does leave some risk on the team side.

As with any deal of this length, there is a chance that Fox’s play declines, but there’s also the fact that New York has now committed a huge amount of their cap to just a handful of players. Artemi Panarin ($11.64MM AAV), Mika Zibanejad ($8.5MM AAV), and Jacob Trouba ($8.0MM AAV) are already signed to massive deals, meaning with Fox, a huge chunk of the payroll is already accounted for. In fact, the Rangers now have more than $70MM committed to next season already with a roster of just 15 players.

In a league with a salary cap, surplus value is king, and even with Fox’s tremendous ability that has now been greatly reduced for the Rangers. They’ll be paying him near what he’s worth on the open market after this season, without being able to take advantage of any of his inexpensive seasons. That is of course unless they go on a deep run this year, something that isn’t out of the question as they sit second in the Metropolitan Division.

Despite all the implications moving forward, getting a deal done now with Fox will certainly cause many Rangers fans to breathe a sigh of relief. He’ll now be a part of the team for the best years of his career, pushing for more Norris Trophy votes and potentially even more team success.

Photo courtesy of USA Today Sports Images

Rangers Hopeful Ryan Reaves Will Return On Road Trip

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  • The Rangers are hoping that winger Ryan Reaves won’t miss more than the minimum seven days after being placed on IR Thursday, relays Larry Brooks of the New York Post. The 34-year-old will be with the team on their upcoming four-game road trip and the hope is that he’ll be able to return over that stretch.  Reaves has logged nearly nine minutes per game in his first seven contests in New York.

Injury Notes: Klingberg, Senators, Dowd

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It looks like the Dallas Stars will receive a huge boost for their game against the Columbus Blue Jackets on Monday night in the form of a healthy John Klingberg. Head coach Rick Bowness said Sunday morning that Klingberg “should” return, but that the team won’t have full confirmation until tomorrow. The 29-year-old defenseman was injured in the team’s season opener and missed the succeeding four games, playing just 10:21 before suffering a lower-body injury. He’ll look to provide a boost with his offensive instincts to a team that’s scored just ten goals through their first five games.

More injury notes from around the league:

  • There’s some updates on the injury front in Ottawa, as TSN reports goalie Matt Murray has been moved to injured reserve with a neck injury after being run into by the Rangers’ Chris Kreider on Saturday afternoon. He’ll miss at least the next ten days. It also appears center Shane Pinto will be out for a shorter term than expected, as head coach D.J. Smith he’s only expected to be absent for a week or two. A prompt return would be a good break for both him and the team, as Pinto had begun to impress in a top-six role.
  • Washington Capitals head coach Peter Laviolette says the status of Nic Dowd for the team’s one-game road trip to Ottawa on Monday night is in question. Dowd is day-to-day with a lower-body injury. He played in all of the team’s overtime loss to the Calgary Flames on Saturday, so even if he does miss that contest, it doesn’t appear he’ll be out for any sort of term. The native of Huntsville, Alabama has one goal in five games this season.

Latest On Rangers’ Vitali Kravtsov

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Young New York Rangers forward Vitali Kravtsov remains at home in Russia, having requested a trade from the organization when he failed to crack the NHL roster. The Athletic’s Arthur Staple reports that the team is holding out hope that he may return, but for now Kravstov is unwilling to consider rejoining the club. Sportsnet’s Elliotte Friedman even notes that Rangers head coach Gerard Gallant called Kravtsov himself and asked him to come back, but to no avail. As Staple opines, the team needs to be cautious about potentially losing another top-ten draft pick and talented import after the Lias Andersson fiasco, but may not have another option.

Why the animosity from Kravtsov toward New York? While the official statement has been that the decision was made purely as a result of again not being afforded an NHL opportunity with the Rangers, Staple believes there is more going on behind the scenes. Multiple league sources have stated that the relationship between Kravtsov and GM Chris Drury is strained, to say the least. Dating back to his time as GM of the AHL’s Hartford Wolfpack, Drury and Kravtsov have had a number of run-ins and Staple feels that Drury’s promotion signaled to Kravtsov that his time as a Ranger was over.

However, other opinions on the situation do exist. The New York Post’s Larry Brooks believes that Kravtsov’s malcontent is actually more about opportunity than it is about Drury. Brooks reports that Kravtsov was not just unhappy that he did not make the cut this year, but that he would never get a top-six chance with the Rangers. It is actually a grounded theory, as established stars Artemi Panarin and Chris Kreider and recent top picks Alexis Lafreniere and Kaapo Kakko appear to have a stranglehold on the top-six winger roles in the short- and long-term. (The one top-six roadblock that was moved was Pavel Buchnevich, who also happened to be a friend and mentor to Kravtsov.) It is very conceivable that Kravtsov, whose work ethic and drive have been called into question before, sees these players not as a challenge but as an excuse to ask for a move elsewhere.

Regardless of his reasoning, the fact remains that Kravtsov has requested a trade and it does not seem likely that he will back off of that stance any time soon. Though the Rangers are reportedly asking for a high price for the skilled, but unproved forward, they very well might just have to take the best offer they can get and move on, just as they did with Andersson. A recent report claimed that upwards of 15 teams have inquired about Kravtsov, though Staple qualifies that claim by noting that many teams are merely curious to get the background on the current situation. Brooks echoed that sentiment by adding that interest has been “lukewarm” and there are no hard offers on the table. A trade may not be that far off though, as Friedman hears that those teams who have talked to Kravtsov’s camp have been told that he does want to return to North America and may even be open to an AHL assignment, just not with the Rangers. The Chicago Blackhawks, who hold the other most talked-about trade target early this season, Dylan Strome (brother of Rangers’ Ryan Strome) are considered a suitor which could result in the resolution of two bad situations with one trade. Only time will tell, but if Kravtsov really has no intention of ever returning to New York then a trade should materialize sooner rather than later.

Fox, Rangers Have Preliminary Extension Talks

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The New York Rangers are the focus of many right now as they try to turn the corner from rebuilding to a contender, and a huge part of that success will be the continued star play of reigning Norris Trophy winner Adam Fox. Pierre LeBrun of The Athletic writes in his latest that a Fox extension should be the entire focus of the Rangers front office right now, lest they put themselves in a trickier situation next summer. LeBrun writes that the Rangers and Fox’s agent Matt Keator have had “very preliminary talks.”

New York Rangers Recall Morgan Barron

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A simple recall of a forward is not usually important news, but for the New York Rangers today, it could reveal more about a different top prospect. The team has recalled Morgan Barron from the Hartford Wolf Pack, moving Kaapo Kakko to injured reserve with an upper-body injury.

Baron’s recall is not really surprising. The 22-year-old has come a long way since being a sixth-round pick in 2017 and was already on the fringe of making the roster out of camp. The 6’4″ forward played five games for the Rangers last season, scoring his first NHL goal. He has two goals in his first two AHL games of this season, continuing to show that he can be a dominant force at that level.

It’s the fact that the spot didn’t go to Vitali Kravtsov that is the headline here, as the disgruntled forward remains in limbo. Refusing an assignment to the AHL, Kravtsov and his representatives have been given permission to seek a trade. Last night on Hockey Night In Canada, Sportsnet’s Elliotte Friedman updated the situation:

I understand the Rangers have asked him ’would you like to go to AHL Hartford and work your way back up?’ Kaapo Kakko got hurt tonight. At this point in time he hasn’t agreed, I don’t know if he will, but the offer is out there for him to return. 

Russ Cohen of Sportsology reports that Kravtsov is back in Chelyabinsk and was at the Traktor-Dynamo game today. Cohen adds that he’s been told there are five NHL teams interested.

Meanwhile, Kakko will miss at least seven days after being placed on injured reserve, but no definite timeline has been released for his potential return. Head coach Gerard Gallant called him “day-to-day” after the game, but there has been no update other than the IR placement since.

Focus Turns To Adam Fox After McAvoy Contract

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When a player approaches unrestricted free agency, there are many things for him to consider when it comes to where his hockey journey will continue. Market, team strength, coaching staff, and potential linemates are all considered, which sometimes leads to a (small) haircut or a (not as small) overpay in terms of overall salary. When a player is approaching restricted free agency, things are a bit different.

While technically there are options for an RFA to play overseas or chase down an offer sheet to change markets, in practice it’s basically only negotiating with one team. That means many of those factors disappear, and the biggest thing brought up in negotiations is contract comparables.

On Friday, the Boston Bruins signed Charlie McAvoy to a massive eight-year, $76MM contract extension that kicks in after his short-term bridge deal expires next summer. That negotiation had a direct comparable to work from; Zach Werenski, also heading into the final season of his bridge deal, signed a six-year $57.5MM deal earlier this summer. Among the other recent contracts that were likely considered were Cale Makar’s six-year, $54MM extension, Miro Heiskanen’s eight-year, $67.6MM deal, and even Quinn Hughes’ six-year $47.1MM agreement signed just a few weeks ago. The massive deals for Seth Jones, Darnell Nurse, and Dougie Hamilton are all buying out UFA years, so aren’t quite as important when it comes to young defensemen who are still in their RFA seasons.

Almost before the ink was dry on McAvoy’s deal, hockey fans and writers were all looking around for who his deal will impact the most when the next round of negotiations come up. The answer may be Adam Fox who is currently eligible for an extension and will be an RFA for the first time next summer.

There’s no doubt about it, the Rangers are going to have to pay up for the reigning Norris Trophy winner. On Sportsnet radio yesterday, Elliotte Friedman expressed as much:

I think it’s a massive number. I think the Rangers know it’s going to be a massive number, and they’ll get it done. Will it be the biggest contract by a defenseman? It sure could be. The Rangers have to be looking at these guys around $9.5MM (AAV) and going ’that might not cut it here.’

While Friedman doesn’t suggest he has any information on the status of the negotiations between Fox and the Rangers, he’s not the only one wondering about the defensemen’s next contract. Mollie Walker of the New York Post writes about Fox’s great start—a goal and an assist in the first two games of the season while logging more than 23 minutes in each–including how it will affect his next deal. Colin Stephenson of Newsday wonders if it’s possible to get a “hometown discount” from the Jericho, New York native, in order to allow the Rangers to assemble a strong supporting cast. Finally, Adam Kennedy of The Hockey News wonders aloud what everyone is thinking, in his column headlined “Is Adam Fox Worth $10 Million Per Season?”

Of the 14 players who carry a cap hit of at least $10MM next season, just two of them are defensemen. Erik Karlsson, the league’s highest-paid defender, signed his eight-year, $92MM just before hitting unrestricted free agency. Drew Doughty’s eight-year, $88MM deal also bought out only UFA years. To this point in the cap era, no defenseman has crossed the $10MM per season threshold on their second contract, as forwards Connor McDavid, Auston Matthews, and Mitch Marner have.

If Fox is the first, it will also make the Rangers the fifth team in the league to carry at least two $10MM+ contracts simultaneously (the Florida Panthers will become the fourth when Aleksander Barkov’s extension kicks in next season, joining Sergei Bobrovsky). Not only that, but they also have Mika Zibanejad and Jacob Trouba combining for $16.5MM.

There’s certainly no guarantee he does eclipse that mark, and any discussion of it assumes that he is signing a long-term deal with New York. But things will certainly get tricky when it comes to a salary cap that is only expected to jump $1MM per year until 2025. Whatever it ends up being, there’s a good chance any future defenseman will have a new upper-limit comparable to work from when their own negotiations come around down the road.

Photo courtesy of USA Today Sports Images

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