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San Jose Sharks Sign Patrick Marleau

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Wednesday: The team has officially filed the Marleau contract, meaning his iron man streak was not broken last night. Marleau was at practice today for the Sharks alongside Logan Couture and Timo Meier, indicating he’ll be asked to play a big role right from the start with the struggling club.

Tuesday: It was inevitable after all. Patrick Marleau has signed with the San Jose Sharks, returning after a two-year absence to the city where he spent most of his career. A deal was hinted at earlier today by Pierre LeBrun of The Athletic, who noted that several teams had recently reached out to the veteran forward. The deal will be a one-year contract that pays a league-minimum salary of $700K.

Marleau, 40, left the Sharks as an unrestricted free agent in 2017 to sign a lucrative three-year deal with the Toronto Maple Leafs, but didn’t finish it. Instead, after two seasons with in Toronto, Marleau was shipped off to the Carolina Hurricanes in order to facilitate a buyout of the final year of his contract. The Hurricanes were happy to eat the $6.25MM cap hit in exchange for a first-round pick, meaning Marleau could decide exactly where he wanted to play this season. There seemed to be an obvious fit in San Jose, but things didn’t materialize through the summer as the Sharks dealt with a cap crunch thanks to their hefty defensive contracts and restricted free agent deals.

Now, with the Sharks suffering multiple injuries (however minor) up front, the time was right for Marleau to rejoin his old squad. Originally selected second overall in 1997, Marleau jumped into the NHL right away and played 74 games with the team in 1997-98. That would turn out to be the fewest games of his career in a single non-lockout-shortened season, as he proved to be a pinnacle of health. In fact, Marleau has played in at least 81 games in 14 different seasons and hasn’t missed a single game in ten years.

Even though his iron man streak is something to behold, there are questions about how effective Marleau can be at this point in his career. His play dropped off last season for the Maple Leafs as he scored just 16 goals and 37 points—both the lowest totals he’s had in a full season since his rookie year—while even his previously elite skating ability seemed to slow somewhat. While Sharks’ teammate Joe Thornton still believes Marleau can skate well enough for the NHL, that doesn’t necessarily mean he’ll be an effective option for the Sharks on a nightly basis.

Still, for a team like San Jose that has struggled out of the gate and is looking for reinforcements up front, you could do worse than a player who has scored 551 goals in his NHL career. Marleau currently sits fifth on the all-time games played list, and needs 77 to pass both Ron Francis and Jaromir Jagr. With 79 games left in the Sharks season it is certainly possible, especially for a player who hasn’t sat one out in a decade.

Photo courtesy of USA Today Sports Images

Ottawa Senators Acquire Vladislav Namestnikov

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It didn’t take long for the big trade of the regular season to occur. Less than a week into the new campaign, and after just two games, the New York Rangers have traded away forward Vladislav Namestnikov. Agent Dan Milstein revealed that his client had been traded to the Ottawa Senators and the Ottawa Sun’s Bruce Garrioch reports that the return is a 2021 fourth-round pick and defenseman Nick Ebert. The Rangers will also retain $750K, or 18.75%, of Namestnikov’s $4MM salary this season, the final year of his current deal. New York has confirmed the terms of the trade

The meager return for Namestnikov is a fitting end to an overall disappointing tenure for the forward in New York. Acquired by the Rangers as the lone veteran piece that came back from the Tampa Bay Lightning in the deal that sent Ryan McDonagh and J.T. Miller the other way in 2018, Namestnikov, 26, was expected to flourish in more of a headlining role in the Big Apple. After just a 19-game stretch run to close out the 2017-18 season, the Rangers more than doubled Namestnikov’s salary with a two-year, $8MM contract extension. He rewarded them last season with 31 points – a 17-point drop-off from the year prior – in a campaign filled with frequent disappearing acts. Namestnikov ended up relegated to a bottom-six winger role by the end of the year and unsurprisingly became a fixture on the rumor mill this summer. The Rangers are surely disappointed in how his acquisition worked out, but happy to be rid of $3.25MM off the books this season, especially as they had been positioned precariously close to the salary cap ceiling. They receive a mid-round pick in return, as well as an intriguing depth option in Ebert. The 25-year-old blue liner is an AHL veteran who played phenomenally well in Sweden last season and hoped to return to North America in hopes of finally seeing NHL action. Given the depth of defensive prospects in Ottawa, he may actually have a better shot of achieving that goal with New York.

This trade is essentially risk-free for GM Pierre Dorion and the Ottawa Senators. They surrender only minor trade chips and land a capable player in his prime. Namestnikov’s future in Ottawa can play out in three ways. The first is, like in New York, Namestnikov fails to take advantage of a core role and has another disappointing season by his standards. This is the worst-case scenario, but it still allows the Senators to walk away at the end of the year having cost them next to nothing. Alternatively, Namestnikov could embrace this change of scenery and return to form for Ottawa. The team could try to re-sign him as a new centerpiece of their rebuilding team. However, they could also simply flip him at the trade deadline and almost certainly recoup more than they gave away. Either of those scenarios would be considered a major win for Dorion and company. It remains to be seen just how well Namestnikov – a player who has always excelled when surrounded by other elite talent – will respond to joining the rebuilding Senators, but the club has the means to give him considerable ice time and return him to his natural center position if they so choose. That could create a great opportunity for both player and team the rest of this season.

St. Louis Blues Extend Brayden Schenn

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The St. Louis Blues have locked up a part of their core, signing Brayden Schenn to an eight-year extension. The deal will carry an average annual value of $6.5MM and keep Schenn in St. Louis through the 2027-28 season. CapFriendly gives us the full breakdown:

  • 2020-21: $8.0MM
  • 2021-22: $8.0MM
  • 2022-23: $5.2MM
  • 2023-24: $8.0MM
  • 2024-25: $8.0MM
  • 2025-26: $6.5MM
  • 2026-27: $4.3MM
  • 2027-28: $4.0MM

Schenn, 28, was one of two big names the Blues had scheduled for unrestricted free agency in the summer of 2020, alongside captain Alex Pietrangelo. After locking up their second-line center to a long-term deal, they’ll now be able to put their full focus on the defenseman to try and keep him around. Pietrangelo’s future was put into the spotlight after the team recently acquired and extended Justin Faulk from the Carolina Hurricanes, but there is obviously still plenty of time to get a deal worked out if the team can find the cap space.

That may be an issue after this new extension for Schenn, as the Blues now have close to $74MM in salary commitments for the 2020-21 season. A $6.5MM cap hit matches Faulk’s new deal and puts Schenn ahead of everyone else not named Vladimir Tarasenko or Ryan O’Reilly, who are both signed through 2022-23 with $7.5MM average annual salaries.

Not only does this contract put the squeeze on the Blues front office in terms of cap dollars, it also brings with it a fair amount of risk given the age of Schenn when it will kick in. He’ll turn 29 before ever playing a game on the new extension, meaning the deal will take him into his mid-thirties when most players enter a rapid decline phase. The trade for that was keeping the cap hit relatively low, especially after seeing other free agent centers like Kevin Hayes receive more than $7MM this summer. Schenn compares favorably to Hayes in terms of offensive production, especially if he can get back to the level he showed in 2017-18.

One of the biggest questions about the deal however will be whether Schenn stays at center throughout the length of the contract. The 2009 fifth-overall pick has rarely been a full-time pivot and moving to the wing does take away some of his value to the team. If his offensive totals don’t rebound from the 17-goal disappointment last season and he is moved out of the center position, the $6.5MM could seem like an expensive price tag in a few years.

Still, the Blues just won the Stanley Cup on the backs of physical forwards like Schenn and they’re banking on him being an impact player for a while longer. On their playoff run last season he scored 12 points and registered 83 hits in 26 games, buying in completely with head coach Craig Berube’s system.

Chicago Blackhawks Extend Alex DeBrincat

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The Chicago Blackhawks won’t play around with a long restricted free agent negotiation next summer, instead getting their homework done early. The team has announced a three-year extension for Alex DeBrincat, taking him through the 2022-23 season. DeBrincat will earn an average of $6.4MM each year, quickly making him the third-highest paid forward on the Blackhawks roster. Pierre LeBrun of The Athletic has the full breakdown:

  • 2020-21: $1.0MM salary + $4.0MM signing bonus
  • 2021-22: $5.1MM salary
  • 2022-23: $9.0MM salary

It’s hard to argue with a contract that locks up one of the league’s best goal-scoring talents before he even sniffs free agency, but this deal does come with a bit of risk. The third-year salary means that the Blackhawks will have to issue DeBrincat a $9MM qualifying offer, and the young forward will be arbitration eligible. Still, with two RFA years remaining after this deal and coming off an incredible 41-goal season, GM Stan Bowman did well to avoid any drawn out contract talks. In fact, should DeBrincat take another step forward this season and push for the Rocket Richard trophy, $6.4MM will seem like a steal (if it doesn’t already).

There are few players in the NHL that can match DeBrincat’s uncanny ability to get open. Whether it is slowing down on the rush to open up for a cross-ice pass, or settling into an open area after the puck has been cycled, the 5’7″ forward constantly finds himself with enough room to snap his quick shot into the back of the net. Obviously playing with talented playmakers like Patrick Kane helps, but there’s no denying the skill of DeBrincat in the offensive zone. Through the first two years of his career he has shot a whopping 17.2% and while that is likely to go down somewhat, DeBrincat’s shot selection is elite and should naturally lead to higher percentages.

The fact that he has scored 69 goals through 164 games perhaps isn’t mentioned enough when hockey fans talk about the next generation of NHL stars. Brock Boeser and Kyle Connor for instance have both scored fewer goals so far in their careers, and neither has hit that impressive 40-goal threshold in a single season. Locking up a potential league-leading goal machine for three years at a reasonable amount is nice work for the Blackhawks and Bowman.

Interestingly, a three-year extension for DeBrincat lines up with a pair of other contracts in Chicago. Kane, Duncan Keith and Jonathan Toews are all scheduled to become unrestricted free agents in 2023, meaning the team will have the ultimate flexibility at that point to pivot in a different direction if they feel the need. Should DeBrincat demand another huge raise at that point, the team will be able to craft a lineup revolving around him.

Arizona Coyotes Extend Darcy Kuemper

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Just a day after claiming goaltender Eric Comrie off waivers, the Arizona Coyotes have locked up one of their other padded protectors. Darcy Kuemper has signed a two-year extension that will keep him from unrestricted free agency next summer and lock him up through the 2021-22 season. The deal carries an average annual value of $4.5MM. GM John Chayka released a short statement:

We are extremely pleased to sign Darcy to a two-year extension. Darcy had an incredible season last year and established himself as one of the NHL’s best goaltenders. With Darcy and Antti [Raanta], we are confident that we have one of the best goaltending tandems in the League.

It’s hard to argue with Chayka about Kuemper becoming one of the best goaltenders in the league, even if his stardom hasn’t risen quite as high in hockey circles. The 29-year old posted a .925 save percentage through 55 games last season for the Coyotes after Raanta went down to injury, including an incredible .933 in 2019. Finishing fifth in Vezina Trophy voting, Kuemper actually recorded the same save percentage and a better goals against average than the eventual winner Andrei Vasilevskiy.

A $4.5MM cap hit puts Kuemper 17th among goaltenders in the NHL for next season, tied with Mikko Koskinen of the Edmonton Oilers and just ahead of Jordan Binnington’s new deal with the St. Louis Blues. It also takes him just ahead of Raanta, who is under contract through the 2020-21 season at a $4.25MM hit. That duo has shown that they are more than capable of providing excellent goaltending for the Coyotes, but will need to stay healthy in order to get Arizona back to the playoffs.

For a team that has for so long been considered a cheap organization, the Coyotes already now have more than $80MM committed to 2020-21. While some of that is Marian Hossa’s dead contract that will be covered by insurance and can be used as long-term injury relief if necessary, the team has also made substantial investments in their core pieces over the last few years. Kuemper will be considered part of that core now for the next few seasons.

Craig Morgan of The Athletic was first to report that a deal had been reached.

Kyle Connor Signs Seven-Year, $50MM Deal With Winnipeg

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The Winnipeg Jets already locked up one restricted free agent in Patrik Laine. Now, the Jets announced they have agreed to a deal with their other RFA as the team has signed Kyle Connor to a seven-year, $50MM contract, which comes to a $7.14MM AAV.

A breakdown of the contract is here as there are no signing bonuses. The deal also includes a no-trade clause in the final two years of the deal:

2019-20: $7.5 million base salary
2020-21: $8 million base salary
2021-22: $7.5 million base salary
2022-23: $5 million base salary
2023-24: $7.5 million base salary
2024-25: $7.5 million base salary
2025-26: $7 million base salary

With Connor signed to a $7.14MM deal and Laine having signed on Friday to a two-year, $6.75MM deal, the team has locked up the pair to a respectable $13.89MM combined. With the signing of both Laine and Connor, the Jets now have $7.61MM in projected cap space. Coincidentally, defenseman Dustin Byfuglien makes $7.6MM, so if the veteran does decide he wants to return to the team (he’s currently on suspension as he decides whether he wants to come back), the team has the money to pay all three players, which many felt might be a tough task for general manager Kevin Cheveldayoff. In fact, Puckpedia reports that Winnipeg now has just $116K of cap space remaining (although Byfuglien’s cap hit doesn’t count while he remains suspended). The team also would likely send a player down to when/if Byfuglien comes back, which would free up more cap space.

With the season soon to get underway and the preference to be with the team at the start of the regular season, many expected that Connor might sign this weekend. While Laine received all the press as the Jets had the misfortune of having two top restricted free agents, Connor slipped somewhat under the radar, but has been a key contributor to the team over the past two years. The 22-year-old jumped immediately onto the scene two seasons ago when he scored 31 goals and 57 points as a rookie (finishing fourth in the Calder Trophy voting). His numbers improved last year, scoring 34 goals and 66 points.

The long-term deal gives both parties some long-term security, especially needed after Laine only agreed to a two-year deal, leaving many to wonder what might happen in that time. Winnipeg already lost Jacob Trouba, who refused to sign a long-term deal with the Jets and eventually forced a trade to  the New York Rangers this summer. The team hopes that Connor can continue to prove and become the playmaking puck mover that they had envisioned.

TSN’s Pierre LeBrun was the first to report the deal.

Mikko Rantanen Signs Six-Year, $55.5MM Deal With Avalanche

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With a number of key restricted free agents having signed in the last few days, only a few holdouts remain. However, one has come off the board as the Colorado Avalanche have signed star winger Mikko Rantanen to a six-year, $55.5MM contract with an AAV of $9.25MM, according to NHL.com’s Brennan Klak.

“Mikko has established himself as one of the premier young wingers in the NHL and is a big part of our core group,” general manager Joe Sakic said. “We look forward to having him back with the team as we get ready to start the season.”

The breakdown of the deal is here as Rantanen contract is all base salary with no signing bonuses (according to CapFriendly):

2019-20: $12MM base salary
2020-21: $12MM base salary
2021-22: $10MM base salary
2022-23: $6MM base salary
2023-24: $9.5MM base salary
2024-25: $6MM base salary

The deal looks like a good one for the Avalanche if compared to the only other significant long-term deal to compare it to, which was Mitch Marner’s six-year deal worth $65.36MM and a $10.89MM AAV. With Rantanen locked up at $9.25MM and Nathan MacKinnon’s $6.3MM AAV, the team has a young tandem locked up for a inexpensive $15.55MM for the next four years.

Considering Rantanen’s statistical production, Colorado looks to have gotten a steal. Rantanen has potted 80 goals and 209 points over three seasons including a career-high 31 goals and 87 points and many believe that there is plenty more to come. Marner, on the other hand, hasn’t come close to putting up the same points over his three-year span as he has tallied 67 goals and 224 points, yet walked away with the bigger contract, suggesting that Colorado may have walked away with a impressive contract considering what they were up against with the Marner contract hanging over their heads.

The Avalanche still have a significant amount of cap space remaining as Puckpedia reports that Colorado still has $7.1MM remaining in projected cap space even after signing Rantanen to his deal.

As for Rantanen, who is currently overseas, he must pass through immigration before he can come to Colorado, although reports suggest there is still a good chance Rantanen could be available to the team for their season opener on Thursday, Oct. 3 when they play the Calgary Flames at home.

Elliotte Friedman was the first to report on the signing.

Winnipeg Jets Sign Patrik Laine

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The Patrik Laine saga is over as the Winnipeg Jets have signed the star forward to a two-year deal. The contract will carry an average annual value of $6.75MM. Craig Custance of The Athletic confirms that it will pay Laine $6MM in 2019-20 and $7.5MM in 2020-21.

Laine, 21, secured the same number that Brayden Point did earlier this month, but for one fewer year thanks to his huge goal totals in the NHL since entering in 2016. The second overall pick in 2016, Laine immediately burst onto the scenes with one of the most lethal shots on the league and the ability to get to dangerous spots in order to unleash it. With 36 goals as a rookie he came second in Calder Trophy voting and followed it up with an outstanding 44-goal, 70-point sophomore year. That included a league-leading 20 goals on the powerplay, where Laine seemingly took up residence in Alex Ovechkin’s left-circle mansion.

Unfortunately, basically every offensive statistic declined for Laine in 2018-19 (except for shots, amazingly). Suddenly an extremely inconsistent offensive player, he went long stretches without a single goal and recorded 18 of his 30 total in a 12-game stretch through November. That consistency simply has to get better if Laine ever wants to become the elite talent he has shown flashes of, and return to the upper-echelon of stars in the NHL.

If he does get back there, this two-year bridge deal could certainly pay off for him. He’ll already become Winnipeg’s second-highest paid player (at least while Kyle Connor remains unsigned) for this season ahead of Mark Scheifele but behind captain Blake Wheeler, and could potentially sign an extremely lucrative long-term deal down the road. He’ll have two years of restricted free agency left after this deal expires, but will have arbitration rights as well, meaning another situation like this is extremely unlikely.

The question now becomes if Laine is ready to jump right into game action with the Jets starting next week. Even with a two-year window, he needs to start performing right away if he wants to put this difficult negotiation behind him and set himself up to earn the most he possibly can.

For the Jets, it was extremely important to get Laine back under contract before the season started. After losing Jacob Trouba, Tyler Myers, Ben Chiarot, Brandon Tanev and potentially Dustin Byfuglien this summer, the team looks completely different and thin at several positions. Had the year begun without Laine or Connor under contract they would be even more undermanned and at an extreme disadvantage in the Central Division playoff race.

Photo courtesy of USA Today Sports Images

Calgary Flames Sign Matthew Tkachuk

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The Calgary Flames have finally found some common ground with restricted free agent Matthew Tkachuk. The young forward has signed a three-year contract worth a total of $21MM, ending a long negotiation and getting him back in the fold before the season begins. Darren Dreger of TSN adds that like Brayden Point, Tkachuk will have a $9MM salary in the third year, securing a large qualifying offer that could take him right to unrestricted free agency.

A deal of this magnitude not only gives Tkachuk the highest three-year bridge deal in history (eclipsing Point, who signed for three years at $6.75MM), it also makes him the highest-paid player on the entire Flames roster. While that has more to do with the bargains that are Johnny Gaudreau ($6.75MM) and Sean Monahan ($6.375MM), it also shows just how good Tkachuk has been throughout his young career.

Still just 21 years old, the sixth-overall pick from the 2016 draft has now amassed 174 points in 224 NHL games and is coming off a 34-goal campaign. His offense has continued to improve while the rest of his game—most notably his physicality and ability to get under the skin of opponents—allows him to make an impact no matter the score. The fact that he is able to compete in that fashion while not taking a ton of penalties (his 62 PIM in 2018-19 put him alongside players like Nikita Kucherov, Blake Wheeler and Ryan Strome) makes him one of the unique talents in the NHL and incredibly valuable to the Flames.

Even so, this deal certainly isn’t a perfect scenario for the Flames. Not only does it keep them in an extremely difficult cap situation this season, Tkachuk could now potentially get to unrestricted free agency as soon as possible by accepting that $9MM qualifying offer. The team will have to open extension talks at some point before that happens or risk their prize hitting the open market. Coincidentally, both Gaudreau and captain Mark Giordano have contracts that expire in 2022 as well, giving the team some real flexibility when it comes to extensions.

There’s no doubt that getting Tkachuk back under contract is cause for celebration in Calgary, but the new structure of these bridge deals is something to be concerned about for many teams. Introduced really for the first time by Timo Meier earlier this year, restricted free agents have found a way to create leverage for themselves as they near UFA status. Meanwhile those who sign long-term and give up UFA years like Mitch Marner are getting huge dollar figures right up front, meaning teams will have to be more and more conscious of leaving enough room to get their young players signed.

Photo courtesy of USA Today Sports Images

St. Louis Blues Acquire Justin Faulk

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The St. Louis Blues have added another exciting right-handed defenseman to their group, acquiring Justin Faulk from the Carolina Hurricanes. The Blues will send Joel Edmundson, Dominik Bokk and a 2021 seventh-round pick to the Hurricanes in exchange for Faulk and a 2020 fifth-round selection. Faulk has also immediately agreed to a seven-year extension worth a total of $45.5MM ($6.5MM AAV), taking him off the board as a potential unrestricted free agent next summer. The full contract details were tweeted by Andy Strickland of Fox Sports Midwest:

  • 2020-21: $9.0MM salary + full NTC
  • 2021-22: $9.0MM salary + full NTC
  • 2022-23: $5.85MM salary + full NTC
  • 2023-24: $7.9MM salary + full NTC
  • 2024-25: $4.75MM salary + full NTC
  • 2025-26: $4.5MM salary + partial NTC
  • 2026-27: $4.5MM salary + partial NTC

The Hurricanes will also be retaining 14% of Faulk’s cap hit this season according to Strickland, which would equal just over $676K. GM Doug Armstrong explained the deal:

We are excited to add Justin to our core group for the next eight years. He’s a Top-4 defenseman who averages over 23 minutes a game and we are confident he will be a strong addition to our club. 

Faulk, 27, had been involved in trade talks for years in Carolina, always seen as the extra defenseman that may be expendable given they already had Dougie Hamilton and Brett Pesce on the right side. When Jake Gardiner was signed recently as another powerplay option, it led to even more speculation about Faulk’s availability and even a nixed trade with the Anaheim Ducks. He’ll now find himself on the reigning Stanley Cup champion Blues, in a similar depth chart situation but with a lot more job security.

The Blues can now ice Alex Pietrangelo, Colton Parayko and Faulk as their three right-handed defensemen, giving each pairing a strong puck-moving option that can contribute offensively. The team’s powerplay will also get a significant boost, as Faulk has generated a good amount of offense over the years with the man-advantage. In fact, 40 of his 85 career goals have come a man up. He also comes at just a $4.83MM cap hit this season (before salary retention), only $1.7MM more than Edmundson was set to make.

It’s the $6.5MM AAV extension that will turn heads, as the Blues already had Pietrangelo heading into the final year of his current deal. Signing Faulk long-term means that there is already $12MM locked up on the right side before any extension for their captain, a substantial amount given Brayden Schenn also needs a new deal up front. Armstrong has been known to be ruthless with his veteran expiring players before, trading the likes of Kevin Shattenkirk and Paul Stastny in the middle of playoff runs, though Pietrangelo obviously represents a better and more important player than either of them.

Carolina meanwhile will happily snap up the return, adding a quality defenseman in Edmundson and a 2018 first-round pick in Bokk. The former could very well be flipped at some point given the Hurricanes’ blueline depth, but right now comes in as a potential third-pairing option behind Jaccob Slavin and Gardiner. Edmundson is also scheduled for unrestricted free agency in 2020, making him a nice looking trade chip if the Hurricanes believe they can fill that spot with the likes of Gustav Forsling, Haydn Fleury and Jake Bean.

Bokk meanwhile is a very interesting prospect in his own right. Selected 25th overall in 2018, he spent last season in the SHL and recorded 23 points in 47 games with the Vaxjo Lakers. He’s spending this year overseas again (though with Rogle this time), but is already signed to his entry-level deal and should compete for a spot on the Hurricanes roster before long. The 6’2″ winger is a force when he gets some speed down the wing, and showed dominant offensive ability in both the German and Swedish junior leagues.

Photo courtesy of USA Today Sports Images

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