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Wild Sign Marcus Foligno To Four-Year Extension

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Mats Zuccarello isn’t the only player getting an extension from the Wild today.  The team announced that it has signed winger Marcus Foligno to a four-year, $16MM contract extension.  Michael Russo of The Athletic adds (Twitter link) that the deal carries a full no-move clause in the first two seasons and a partial no-trade clause in the final two seasons.  CapFriendly adds (via Twitter) the breakdown of the money:

2024-25: $5MM
2025-26: $4.5MM
2026-27: $3.5MM
2027-28: $3MM

The 32-year-old has been a fixture in Minnesota’s middle six for the past six seasons after they acquired him from Buffalo back in 2017 as part of the swap that saw the Sabres re-acquire winger Jason Pominville.  Along the way, he has become an important part of their leadership group and currently serves as one of their alternate captains.

The last two seasons were polar opposites for Foligno.  In 2021-22, he posted career highs offensively, notching 23 goals and 19 assists in 74 games.  For context, he had only had two seasons where he had more than 23 points, both coming during his time with Minnesota.  However, he wasn’t able to come close to that output last year as he was held to just seven tallies along with 14 helpers in 65 contests.

The version of Foligno that put up 40 points is probably worth that contract when you factor in his physicality and ability to play on both special teams units.  However, last year’s version doesn’t quite justify that cost.  That makes it interesting that GM Bill Guerin opted for the early extension here before seeing if last season was a blip or a sign of things to come.

The deal represents a $900K increase on his current agreement which runs through the 2023-24 season.  Those savings will come from Zuccarello’s new contract which saw his AAV dip by $1.875MM.  Basically, Guerin was able to get two core veterans signed while still creating a bit of extra wiggle room for next season.  Earlier today, Guerin confirmed that extension discussions are underway with Ryan Hartman, another pending UFA as he tries to take care of his spending before the season gets underway.

Photo courtesy of USA Today Sports Images.

Minnesota Wild Sign Mats Zuccarello To Two-Year Extension

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The Minnesota Wild have re-signed forward Mats Zuccarello to a two-year, $4.125MM AAV contract extension, set to begin in 2024-25. The deal carries a no-move clause for its entire duration, according to The Athletic’s Michael Russo.

Zuccarello, who turned 36 on the first day of the month, commits the next two years of his playing career to the Wild, the place where he’s enjoyed the most productive seasons of his career.

Zuccarello has had quite a bit of chemistry with Wild franchise superstar Kirill Kaprizov, and as a result Zuccarello has flown past his previous career highs in Minnesota.

Zuccarello scored 79 points in just 70 games in 2021-22, his first season above the point-per-game mark in his career. Last season, Zuccarello scored 22 goals and 67 points in 78 games.

Even though Zuccarello has been exceptional in Minnesota since the arrival of Kaprizov, this contract does carry some risk. The Wild are in a brutal cap situation thanks to the buyouts of Zach Parise and Ryan Suter, and those buyouts will remain on their books to a degree of over $14MM combined in the first year of Zuccarello’s extension.

While Zuccarello could provide an immense amount of surplus value on a $4.125MM cap hit (a pay cut from his current $6MM cap figure) that only happens if he can maintain his current level of play or decline only slightly. If age starts to really catch up with Zuccarello and he has a poor 2023-24, Zuccarello’s $4.125MM cap number could quickly become a burden.

But from the Wild’s perspective, it’s understandable that they’d avoid taking the pessimistic view of Zuccarello’s next two seasons and instead reward a valued veteran who has more than repaid former GM Paul Fenton’s original investment from the summer of 2019.

There’s risk involved to this deal, but there’s also major upside if Zuccarello can remain a valuable top-six scorer.

Photos courtesy of USA Today Sports Images

Andrei Vasilevskiy Out Two Months After Back Surgery

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ESPN’s Kevin Weekes has reported that Tampa Bay Lightning superstar goalie Andrei Vasilevskiy underwent successful back surgery, and is expected to be out of commission on an eight-to-ten-week timeline. The Lightning confirmed the news, with GM Julien BriseBois stating that Vasilevskiy is expected to miss “the first two months of the regular season.”

Vasilevskiy hasn’t been a regular participant in Lightning camp in recent days, with head coach Jon Cooper previously telling reporters that Vasilevskiy was out day-to-day with an undisclosed injury.

This is obviously a major blow to the Lightning, who have come to rely on the brilliant goaltending provided by Vasilevskiy in order to remain among the top teams in a highly competitive Atlantic Division.

While this development is something of a surprise, it doesn’t come completely out of nowhere.

Vasilevskiy has in the past commented on how his high workload has impacted his body, which is something to be expected given the number of deep playoff runs the Lightning have made in recent seasons, led by Vasilevskiy in the crease on a nightly basis. The hope here will be that Vasilevskiy can make a full recovery before the new year, and get back to playing like one of the league’s best netminders.

The 2018-19 Vezina Trophy winner’s injury thrusts new backup Jonas Johansson into an unfortunate spotlight. It’ll be up to him to keep the Lightning competitive in the Atlantic for the first two months of the regular season, which is something of a tall task for a player with a career .887 save percentage in the NHL.

That being said, Johansson’s more recent form does provide reason for optimism. He posted a .932 save percentage playing in parts of three NHL games last season, and had a .920 save percentage in the AHL.  But with only 35 total games of NHL experience, a massive test is coming up for the 28-year-old.

Behind Johansson on the depth chart is Hugo Alnefelt, who has just 20 minutes of NHL experience, and Matt Tomkins, a player who represented Canada at the 2022 Winter Olympics in Beijing but has never skated in an NHL game.

Photos courtesy of USA Today Sports Images

Calgary Flames Extend Mikael Backlund; Name Him Captain

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4:13 p.m.: The Calgary Flames have officially announced the contract according to a team press release. Confirming a lot of the rumors circulating about the reported contract extension, the Flames have also made Backlund their 21st captain in franchise history.

3:14 p.m.: CapFriendly has confirmed Backlund’s two-year, $4.5MM 35+ contract is filed with the league. Despite the eligibility for performance bonuses, it appears initially the entire $9MM value of the contract is paid out in base salary. TSN’s Pierre LeBrun adds the deal includes a full no-movement clause that actually kicks in immediately and will retroactively apply to the final season of his current contract. There is also a 15-team no-trade list that will kick in on January 1, 2026.

2:25 p.m.: The Calgary Flames are close to finalizing a contract extension with captaincy candidate Mikael Backlund, per a report from TSN’s Chris Johnston. The deal is pending some “final issues” that need to be resolved, but it appears the Flames will retain at least one of their many pending unrestricted free agents. Johnston reports that, when finalized, the deal will carry a $4.5MM average annual value for two seasons, keeping him in Calgary through 2025-26.

Backlund, 34, has been one of the Flames’ most consistent talents of the past decade and is coming off one of the best seasons of his career. He’s far from an elite shooter, but he makes up for that deficiency in spades with solid playmaking, high-end work ethic, and strong defensive play at even strength and on the penalty kill. His 60.6% Corsi For at even strength last season was the second-best mark on the team behind defenseman MacKenzie Weegar, and he averaged roughly two minutes per game on both special teams units. Combined with a career-high 37 assists, plus 19 goals and 56 total points, Backlund was arguably the Flames’ third-best forward last season behind the team’s goals leader, Tyler Toffoli, and their assists leader, Elias Lindholm.

Over the years, Calgary also leaned on Backlund heavily in the faceoff dot. While his career win rate of 48.9% is nothing special, the sheer volume of draws he takes is staggering for a non-top-line center. He took 1,386 faceoffs last season – tied for the fourteenth most in the league with Columbus’ Boone Jenner and Minnesota’s Joel Eriksson Ek.

This deal marks a decrease in pay for Backlund, which wasn’t the expectation after his strong season. Backlund is coming off the only long-term deal of his career: a six-year, $32.1MM extension signed before the 2018-19 season. With this season remaining at a $5.35MM cap hit, Backlund’s given the Flames 77 goals, 142 assists, 219 points, and a +70 rating in 365 games played while averaging 17:45 per game over the life of the deal. Consistency has been the name of the game for Calgary’s future captain, who also has ten goals and 17 points in 27 postseason games since 2019.

However, this offseason opened with hesitancy regarding Backlund’s future in Calgary. Shortly after the Flames were eliminated from playoff contention in April, Backlund expressed uncertainty about re-upping with the only NHL organization he’s ever known. That plotline continued through to July, where Backlund again said he wasn’t sure he’d remain in Calgary and tied his willingness to extend to the team’s performance out of the gate after a disappointing 2022-23 campaign. The tide finally turned yesterday when Johnston reported the two sides had commenced extension talks.

The next logical question to raise is the future of Elias Lindholm. If Backlund’s extension influences Lindholm to fast-track a deal to remain in Calgary past this season, it will solidify one of the more well-rounded center corps in the Pacific Division for the next three seasons with Nazem Kadri in the mix long-term as well. That gives plenty of runway for 2020 first-round pick Connor Zary, as the 22-year-old now looks back on track to make an impact in the NHL soon after a breakout 2022-23 with the AHL’s Calgary Wranglers.

Backlund is currently projected to center the team’s second line out of the gate with Blake Coleman and Andrew Mangiapane on his wings. If that holds up, don’t expect his ice time to dip too much below the 18:09 per game he saw last season, especially if new head coach Ryan Huska continues to use Backlund consistently on both special teams units. A responsible two-way center who can shoulder heavy minutes for a $4.5MM cap hit seems like a great value proposition, even if he will be 37 by the time the deal expires.

In getting this deal done early, the Flames also gain some more financial certainty for the 2024-25 season, something they need desperately, with eight rostered players currently slated for unrestricted free agency and an additional three for restricted free agency. With Backlund’s new cap hit, CapFriendly projects the Flames at $30.95MM in cap space assuming a roster size of 12 and a raised Upper Limit of $87.5MM.

Image courtesy of USA Today Sports.

Buffalo Sabres Showing Interest In Patrick Kane

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Since it became apparent Patrick Kane would hit the free agent market this summer, speculation immediately turned toward him joining the up-and-coming Buffalo Sabres. After all, they are his hometown team, and without a return to either the Chicago Blackhawks or the New York Rangers due to cap constraints in the cards, it seemed like a logical option.

However, throughout the summer, multiple teams were mentioned as having shown interest in one of the greatest American wingers of all time, including teams such as the Colorado Avalanche, Dallas Stars and New York Islanders. Buffalo’s name never truly came up outside of pure speculation – until today. TSN’s Darren Dreger reports that as Kane nears recovery from offseason hip surgery, the Sabres do indeed have interest in adding him to their roster.

Dreger added that Kane’s rehab is going well and that he continues to train in Toronto, as he’s been doing for the past two months. He’s not expected to be ready for opening night should a team sign him before then, however, and requires at least another month before he’s ready to play. That’s still just a four-month recovery window from when he had the surgery in June, certainly on the short end of his timeline.

While Colorado always seemed like a natural fit given their vacancy in the top six left by captain Gabriel Landeskog’s injury, they decided earlier this month they weren’t willing to wait around for Kane to get healthy. They used most of their remaining LTIR relief from Landeskog to sign Slovak winger Tomas Tatar to a one-year deal, all but eliminating them from the running for Kane. Detroit had also been mentioned as a possible destination in some circles, but that had to do with Kane’s interest in playing there – not the other way around.

It leaves Buffalo as the only apparent option with a demonstrated interest in Kane that makes much sense. While the team is certainly of the mind to prioritize ice time for their young talent, the early-season absence of Jack Quinn will leave a noticeable void in the team’s top nine that could very well hamstring them out of the gate in a tough Atlantic Division. Banking on March trade acquisition Jordan Greenway to recoup much of Quinn’s lost value would be an unwise move given his own recent injury history and poor possession metrics.

Buffalo certainly has the cap space to make a deal work with $8.78MM in projected space remaining, per CapFriendly. It’s unlikely a short-term deal for Kane would cost anywhere close to that amount.

It’s also unlikely head coach Don Granato would consider breaking up the team’s top line of Jeff Skinner, Tage Thompson and Alex Tuch, which appears well on its way to being one of the best three-man units in the sport. He could, however, slide into a second-line role alongside Dylan Cozens and Casey Mittelstadt, which would allow Buffalo to drop Victor Olofsson down to a third-line spot – his ideal role at even strength. While skilled, he’s widely viewed as too much of a defensive liability to serve in a contending team’s top six.

The same could easily be said for Kane, although it remains to be seen how his hip procedure could impact his play for better or for worse. Kane has never been a dominant possession force, but his play-driving at both ends of the rink at even strength has ranked near the very bottom of the league for the last three seasons. That’s not to discount his skill fundamentals and power-play ability, which both remain well above average even as he enters his mid-30s.

Photo courtesy of USA Today Sports Images

Brad Marchand Named 27th Captain In Boston History

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The Boston Bruins have named Brad Marchand the 27th captain in franchise history. He succeeds long-time linemate Patrice Bergeron in the role. Marchand has worn an ’A’ for the club since the 2018-19 campaign, when Zdeno Chara was still captain.

And maybe because of that long-running assistant captain role, Brad Marchand felt like the obvious choice to wear the ’C’ next. That’s despite all Marchand did to put off the topic, previously saying that the captaincy was one of the last things he wanted to focus on. He also said that, regardless of who the captain ended up being, this Bruins lineup was going to have to lift themselves up as a unit if they wanted to be successful.

That certainly makes sense when you look at the Boston roster. The team is coming off a historic 2022-23 campaign where they went 65-12-5. But they’ve experienced major turnover in the summer since, losing Bergeron and David Krejci to retirement from the NHL. They also suffered significant losses in Dmitry Orlov, Taylor Hall, Tyler Bertuzzi, and Nick Foligno. While the sextet had varying roles with last year’s Boston lineup, each of them leave a big hole to be filled.

Marchand will look to lead the new-look Bruins this season – his 14th with the club. The winger has spent his entire career with the Bruins after they drafted him in the Third Round of the 2006 NHL Draft. And despite finding success on the scoresheet, Marchand has struggled with riding out a full season, failing to appear in 80 or more games since 2016-17. With a new letter on his chest, and a new lineup looking up to him, Marchand’s surely hoping newfound responsibility brings better luck.

Ducks Remain Far Apart In Negotiations With Trevor Zegras, Jamie Drysdale

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The hopes of eleventh-hour deals to get a couple of Anaheim Ducks’ future mainstays on the ice for training camp Thursday are quickly dwindling. They are not close to new deals for either franchise center Trevor Zegras or young defender Jamie Drysdale, despite camp opening in less than 48 hours, TSN’s Pierre LeBrun said Tuesday night on Insider Trading.

As echoed by Sportsnet’s Elliotte Friedman tonight, this is quite a puzzling saga that few expected when the summer began. The Ducks have the most projected cap space of anyone in the league by a significant margin, per CapFriendly. Their $16.64MM in flexibility is nearly $4MM more than the Chicago Blackhawks, who have the second-most with $12.86MM. To put that into context – 24 of the NHL’s 32 teams have less cap space than the gap between Anaheim and Chicago.

Ducks assistant general manager Jeff Solomon is known in NHL circles as one of the tougher negotiators in the league, and it could be that Drysdale and Zegras’s camps are truly asking for more than the Ducks feel they’re worth. With short-term deals likely for both in a window where the team won’t be fully exiting their rebuild, however, the team arguably has more to lose by creating off-ice animosity than opting for a perceived overpay on the two contracts.

LeBrun adds that, in a small glimmer of hope, the Ducks and Zegras have both settled on a three-year term. He did say, however, that a “tangible gap” remains between the two sides’ wants on an average annual value. No such specifics were given for Drysdale’s negotiations aside from a deal not being close to fruition, although his agent, David Gagner, is in Anaheim for talks, reports The Sporting Tribune’s Derek Lee.

Neither Drysdale nor Zegras were eligible for arbitration, giving the Ducks most of the leverage in negotiations. That’s especially the case with Drysdale, who was additionally ineligible to sign an offer sheet. It’s fair to wonder if Anaheim is overplaying their hand by letting things drag out this long, though.

While Zegras is already a household name across the league thanks to his incredible puck skills and flashy dekes, the Ducks need him to take a step forward defensively in order to maintain his status as a true number-one center on a championship-caliber team. That’s something they’re hoping to achieve by bringing in first-year NHL head coach Greg Cronin, who Zegras said he had a positive meeting with earlier this summer and shares in Cronin’s philosophy of improving his all-around game. They’re now extremely close to losing valuable time together during camp and getting a pivotal development season for Zegras off to a rocky start. The 22-year-old center has rattled off at least 20 goals and 60 points in his first two full NHL seasons.

Drysdale’s negotiations were always going to be a complex prediction. While an incredibly high-ceiling defender, he registered no points in the first eight games of last season before a torn labrum sidelined him for the remainder of the campaign. The sixth overall pick in the 2020 NHL Draft, Drysdale notched 32 points in 81 games in his only full NHL season to date in 2021-22 while averaging nearly 20 minutes per game. When he does get a deal done, he’s projected to assume a top-pairing role to the right of Cam Fowler.

It’s worth noting that if Zegras’ absence stretches into the regular season, Anaheim will be down two of its usual four centers. Developing shutdown man Isac Lundeström is sidelined through January after injuring his Achilles tendon during offseason training.

Photo courtesy of USA Today Sports Images

Montreal Canadiens Acquire Tanner Pearson

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After being hinted at for most of the morning, in order to become salary cap compliant for the upcoming season, the Vancouver Canucks have traded Tanner Pearson and a 2025 third-round draft pick to the Montreal Canadiens for goaltender Casey DeSmith.

After the trade, the Canucks will have freed up $1.45MM in cap space if no salary is retained, making compliance with the salary cap a much more manageable endeavor. Also, by acquiring DeSmith in the deal, as well, Vancouver has a much more capable backup netminder to put behind Thatcher Demko, something the team did not have last season.

From the standpoint of Montreal, they also worked out their own dilemma, no longer having three playable goalies on the roster to start the season. After acquiring DeSmith from the Pittsburgh Penguins in the same deal that would land Erik Karlsson in Pittsburgh, it had been rumored for weeks that the Canadiens would eventually look to move out DeSmith as well.

All-in-all, simply for their involvement in the Karlsson trade, Montreal has acquired Pearson, Gustav Lindstrom, Nathan Legare, a 2025 second-round pick, a 2025 third-round pick, and a conditional 2025-fourth round pick in exchange for Mike Hoffman and Rem Pitlick.

This is a solid trade haul for Kent Hughes and the Canadiens, but after finding a solution to one problem, another has been created entirely. Now with Pearson in the mix, the team already has a projected 12 forwards on the roster according to CapFriendly, with Cole Caufield, Juraj Slafkovsky, and Sean Monahan, still to return from injury. Even aside from those players, players such as Sean Farrell and Owen Beck also appear close to being NHL-ready.

At any rate, both teams solved issues for the time being with this particular trade and should alleviate some concerns heading into training camp.

Darren Dreger of TSN was the first to report Pearson was heading to Montreal. 
Chris Johnston of TSN was the first to report no salary had been retained by the Canucks. 
Dreger was the first to announce the trade details. 
Frank Seravalli of Daily Faceoff was the first to report the full trade details. 

Minnesota Wild Re-Sign Calen Addison

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In a press release, the Minnesota Wild announced that the team has agreed to a one-year, $825K contract with defenseman Calen Addison. Being the last restricted free agent on the roster, the Wild and Addison were able to get a deal done only one day before training camp started.

Coming over to Minnesota in the trade that sent Jason Zucker to the Pittsburgh Penguins back in 2020, it would take Addison two full years migrating back and forth from Minnesota and their AHL affiliate, the Iowa Wild, before finally receiving the full-time call-up for the 2022-23 NHL season. Missing three weeks of action in October due to a foot injury, Addison still had a solid rookie season, scoring three goals and 26 points in 62 games for the Wild.

For Minnesota specifically, Addison would break the team’s rookie record for points by a defenseman, and also finish second in all-time points by a rookie defenseman, finishing one point back of Filip Kuba’s 2000-01 rookie season. In the entirety of the NHL last year, Addison would finish first among rookies in powerplay points, and tying for fifth in assists, and third in points for all rookie defensemen, respectively.

Even after his impressive rookie campaign, all signs indicate that Addison will be locked in a battle for a top-four role on the right side of the defensive unit for training camp. Another prospect, Brock Faber, who was acquired by the organization from the Los Angeles Kings in the trade that sent Kevin Fiala to the West Coast, is being given the opportunity to earn that role, after his excellent season at the University of Minnesota last year.

In fact, during the Wild’s opening-round matchup against the Dallas Stars in the 2023 Stanley Cup playoffs, Faber played in all six games, averaging over 14 minutes a night, while Addison only suited up for three games, playing a touch over 12 minutes a night.

Although Faber is already seen as a more defensively sound player than Addison on the blue line, as Addison would finish last season with a -17 rating to end the season, Addison’s possession metrics, highlighted by his CF% of 60.8%, and his ability to transition out of the zone and move the puck effectively make him just as solid as an option.

All-in-all, although the winner of the competition remains to be seen, it may come down to Minnesota riding the hot hand for much of the season. Addison will likely still receive an abundance of powerplay time throughout the year, while Faber should garner more defensively-minded roles and situations.

Sarah McClellan of Star Tribune Sports was the first to report that Minnesota had signed Addison

Brayden Schenn Named St. Louis Blues Captain

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The St. Louis Blues have named center Brayden Schenn the 24th captain in franchise history.

He succeeds center Ryan O’Reilly in the position, months after the Blues traded O’Reilly to the Toronto Maple Leafs.As one of the Blues’ more senior players, Schenn is a natural choice for the role.

Schenn has served as an alternate captain in St. Louis for the last three seasons, and in that span, he has been a consistent, productive second-line center for the club.

He helped the Blues lift their first-ever Stanley Cup in 2019, and is coming off two of the best seasons in his career. He scored at a 77-point 82-game pace in 2021-22 and scored 65 points in 2022-23.

Alongside Schenn, Robert Thomas, Justin Faulk, and Colton Parayko have been named assistant captains as part of the Blues’ leadership core. Thomas and Parayko wore the “A” last season as well, while Faulk earns a letter in St. Louis for the first time. He has previously served in a leadership role, both as an alternate captain and the captain of the Carolina Hurricanes.

The Blues can expect to have Schenn, 32, as their captain for quite a while despite his age. That’s because Schenn is under contract through the 2027-28 season at a $6.5MM cap hit.

As the Blues transition to a roster more focused on young talent after missing the playoffs last season, the club has confirmed that Schenn will be the team’s official leader for its next competitive phase.

Photos courtesy of USA Today Sports Images

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