Tampa Bay Lightning Begin Sale Process
Jeff Vinik’s 14-year tenure as majority owner of the Tampa Bay Lightning could soon come to an end as Sportsnet’s Elliotte Friedman shares that Tampa Bay has begun a multi-stage process to sell the team. Friedman adds that the sale would turn ownership over to Doug Ostrover, co-CEO of Blue Owl Capital and a minority partner of the ownership group that recently purchased the NFL’s Washington Commanders.
Ostrover will pay a pretty penny for Tampa Bay’s majority reign, with Friedman also sharing that the sale values the Lightning franchise at close to $2B – roughly double the price paid in the NHL’s most recent, record-breaking sale: Michael Andlauer’s $950MM purchasing of the Ottawa Senators.
Meanwhile, Vinik will retain both his operational duties with the team and a large stake of ownership. He originally bought the Lightning for $170MM in 2010, amid a desolate time for Tampa Bay fans despite being six years removed from their first Stanley Cup. Vinik quickly cut through the gloom, bringing in an influx of funding and instilling NHL legend Steve Yzerman as the club’s general manager. It was Yzerman who commanded Tampa’s surge back to the top of the NHL, on the back of head coach hires Guy Boucher and Jon Cooper and draft-day steals like Nikita Kucherov, Ondrej Palat, Brayden Point, and Anthony Cirelli. The new construction propelled Tampa Bay to the 2015 Stanley Cup Finals, though they’d need a few more years of seasoning – and the handoff of GM duties from Yzerman to Julien BriseBois – before the Lightning could win Cups in 2020 and 2021.
It’s now a summer of change for the Lightning franchise, who also lost franchise icon Steven Stamkos to free agency this summer. They’ve responded to that move with the additions of Jake Guentzel, Cam Atkinson, and Conor Geekie – though Tampa hasn’t yet named Stamkos’ successor as team captain. Vinik’s maintained presence should keep this sale from influencing the on-ice product too much, though it will be a process worth monitoring as Ostrover looks to continue his investment in American sports.
Predators Trade Cody Glass To Penguins
The Nashville Predators have traded centerman Cody Glass to the Pittsburgh Penguins, per Sportsnet’s Elliotte Friedman. The Penguins have confirmed the deal, sharing that they’ve acquired Glass, a 2025 third-round pick, and a 2026 sixth-round pick in exchange for minor-league forward Jordan Frasca.
Glass was the sixth-overall pick in the 2017 NHL Draft, and the first draft pick for the Vegas Golden Knights franchise, though injuries have kept him from making too much of a big-league impact just yet. Glass scored 22 points in 66 games across two seasons with Vegas, filling a menial role and never doing much to reap the opportunity given to him. The lagging opportunity sparked a 2021 trade to the Nashville Predators, who were much more willing to give Glass a commendable role in the lineup. He vindicated that recognition with 14 goals and 35 points in 72 games during the 2022-23 season. That scoring pace carried into this past season, though one upper-body injury and one lower-body injury were enough to limit Glass to just 13 points and 41 games.
Nashville has quickly filled most of their notable roles on offense with summer additions of Steven Stamkos and Jonathan Marchessault – and the emergence of depth pieces like Thomas Novak. That’s left Glass on the outside looking in, and now catalysts a move to the Pittsburgh Penguins, where he’ll be one of just three forwards under the age of 26. Glass might not get much more lineup certainty with the Penguins, who also added Kevin Hayes and Blake Lizotte this summer. The crowd created by those additions could inspire Pittsburgh to instead deploy Glass at right-wing, where their depth is shallow behind Bryan Rust. That change would put Glass in a much more manageable competition with Jesse Puljujarvi, Rickard Rakell, and Valtteri Puustinen. Winning that position battle could land Glass a lucrative spot next to Evgeni Malkin – potentially enough to revitalize his former offensive prowess, or so Pittsburgh will hope.
Meanwhile, Frasca will join the Predators organization as minor-league depth. He earned a promotion to the AHL after scoring 33 points in 40 ECHL games last season, though he’s still without a point through 11 career AHL games. Pittsburgh signed Frasca as an undrafted free-agent in 2022, inking him to a three-year, $2.8MM entry-level deal set to expire after next season.
Blues Offer Sheet Philip Broberg, Dylan Holloway
The Blues are tendering offer sheets to Oilers RFAs Philip Broberg and Dylan Holloway, the team announced (via Matthew DeFranks of The St. Louis Post-Dispatch). In a separate transaction, they’ve reacquired their own 2025 second-round pick from the Penguins to have the appropriate compensation should Edmonton not match one or both of the offer sheets.
St. Louis’ offer sheet for Broberg is a two-year, $9.16MM deal, while Holloway’s is a two-year, $4.58MM deal, per DeFranks. The deals carry AAVs of $4.58MM and $2.29MM, respectively.
Both are at the maximum of their respective categories in the offer sheet compensation thresholds, which the league updated this offseason. Should Edmonton fail to match, the Blues would owe the Oilers their 2025 third-round pick for Holloway and the aforementioned 2025 second-round pick for Broberg.
The preceding pick swap with the Penguins saw the Blues acquire Pittsburgh’s 2026 fifth-round pick and next year’s second-rounder, sending their 2026 second-round pick and the Senators’ 2025 third-round pick in return. St. Louis had sent its 2025 second-rounder to the Penguins in June to get Kevin Hayes‘ $3.57MM cap hit off the books, while they acquired Ottawa’s pick as compensation for taking on the final two seasons of Mathieu Joseph‘s contract at a $2.95MM cap hit.
New Oilers general manager Stan Bowman now has seven days to decide whether to match the offer sheets or accept the draft-pick compensation. But given Edmonton’s financial situation, matching the bloated short-term deals will be a tough ask.
The second year attached to both deals may be the deciding factor. Not only are the Oilers already over the salary cap today, paying out nearly $7MM in cap hits in 2025-26 for Broberg and Holloway would significantly inhibit their ability to sign pending UFA Leon Draisaitl to what will likely be the richest deal in franchise history.
But if the Oilers decide to match one or both the offer sheets, they wouldn’t need to make any corresponding transactions immediately. Edmonton is only roughly $350K over the $88MM salary cap, per PuckPedia, and teams can exceed that upper limit by up to 10% during the offseason. That’s enough wiggle room to add $6.87MM worth of Broberg and Holloway to the books, but they would need to shed more salary than previously anticipated to become cap-compliant by the time opening-night rosters are due.
Edmonton’s short-term crunch could be helped out by Evander Kane, who’s expected to need surgery and will likely start the season on long-term injured reserve. But if Kane and his $5.125MM cap hit aren’t expected to miss the entire season, they’ll still need space to activate him at some point.
On St. Louis’ end, it’s now clear why GM Doug Armstrong was intent on keeping his options open financially this summer, shedding some bad deals for slightly more cost-effective ones. The Blues have $7.34MM in projected cap space, per PuckPedia, ninth-most in the league. It’s enough to take on the AAVs for Broberg and Holloway without any corresponding moves, and they could end up with even more flexibility should defenseman Torey Krug require surgery to address pre-arthritic conditions in his left ankle. That would cost him the entire 2024-25 season and make him eligible for LTIR, allowing them to use his $6.5MM cap hit for relief.
Failing to match either would be a tough proposition for the Oilers, who selected Broberg eighth overall in 2019 and Holloway at 14th overall in 2020. Both are on their way to becoming everyday NHL contributors, with Holloway appearing in all 25 playoff games for Edmonton and Broberg pushing for more NHL minutes after excelling with the Oilers’ AHL affiliate, the Bakersfield Condors, last season.
Evander Kane Likely To Undergo Surgery, Start Season On LTIR
The Oilers will likely be without forward Evander Kane to start this season as he recovers from a yet-to-be-performed undisclosed surgery, according to the team’s Bob Stauffer (X link).
Kane played through a good chunk of last season with a sports hernia, he revealed to reporters in April. It plagued him through the Oilers’ run to Game 7 of the Stanley Cup Final, holding him out of five of Edmonton’s 25 playoff games. It’s unclear if today’s news is related.
The recovery from the undisclosed surgery would likely sideline him for at least the first 10 games and 24 days of the 2024-25 campaign, meaning the Oilers can place him on long-term injured reserve. Doing so would allow them to gain temporary relief from his $5.125MM cap hit, giving new general manager Stan Bowman some much-needed financial flexibility. Edmonton’s roster currently projects to check in at more than $350K over the $88MM upper limit, per PuckPedia. Not only do the Oilers need space for day-to-day transactions, but they also still need to come to agreements with RFAs Philip Broberg and Dylan Holloway.
After an underwhelming 2023-24 season, the 33-year-old Kane may have seemed like a probable trade candidate for Edmonton to clear cap space. But a full no-movement clause through July 1, 2025, meant he could have blocked any move, including a waiver placement, and the second year of term remaining on his deal makes him a tougher sell to interested teams.
In fact, it’s been an underwhelming couple of seasons for Kane after a strong initial showing in Edmonton. His 44 points in 77 games last season were especially poor production for the power forward, and his 0.57 points per game were his worst since the 2015-16 season. He didn’t fare much better in an injury-plagued 2022-23 campaign either, limited to 16 goals and 28 points in 41 games. His 0.68 points per game that year cratered from the year prior, when he put up 0.91 per game after signing with the Oilers midseason following a contract termination by the Sharks.
The two-time 30-goal scorer still finished fourth on the Oilers in goals (24) and led them in hits (250) last year, but his 16:47 ATOI was his lowest usage since his rookie season with the Atlanta Thrashers in 2009-10.
Image courtesy of USA Today Sports.
2024 NHL Restricted Free Agents
The following players are currently restricted free agents. The team that holds the player’s signing rights, as well as each player’s age as of the date of free agency opening, is in parentheses.
Those who play multiple positions are listed by their primary position played in 2023-24. Only those with previous NHL experience are listed. Players are not eligible for salary arbitration unless otherwise indicated.
Updated 9/24/24, 8:12 a.m.
^ – indicates 10.2(c) free agent, ineligible to sign or receive offer sheets
Centers
Nikita Alexandrov (Blues, 23)
Left Wingers
none
Right Wingers
none
Left Defensemen
none
Right Defensemen
none
Goaltenders
Jeremy Swayman (Bruins, 25)
Avalanche Sign Matthew Phillips To Two-Way Deal
The Avalanche have signed forward Matthew Phillips to a one-year contract, the team announced. PuckPedia reports it’s a two-way deal worth $775K in the NHL and $287.5K in the AHL.
Phillips, a diminutive 5’8″ winger who spent his junior days with the Western Hockey League’s Victoria Royals, was a sixth-round pick of the Flames in 2016. He signed his entry-level contract and turned pro with their AHL affiliate in Stockton two years later, quickly becoming one of the minor league’s top offensive players. In parts of five seasons with the Flames’ affiliates in Stockton and Calgary, Phillips totaled 237 points (103 G, 134 A) in 265 games. He was named to the league’s First All-Star Team in 2022-23, his final year in the organization, after leading the team in scoring with 76 points (36 G, 40 A) in 66 games.
But despite that strong production, Phillips never got much of an NHL chance in Calgary. He made only three big-league appearances spread over the 2020-21 and 2022-23 seasons, going without a point and averaging 10:48 per game. As such, he departed the organization in the summer of 2023 as a Group VI UFA, signing a one-year, one-way deal with the Capitals.
Phillips made Washington’s opening night roster and got an extended chance to produce, but he wasn’t up to the task. He was placed on waivers mid-season and was claimed by the Penguins, but only lasted a few weeks in Pittsburgh before being waived again and re-claimed by Washington. Overall, he managed just one goal in five points in 31 games between the Caps and Pens last year.
He also wasn’t the same player he was with Calgary in his brief time suiting up for the Capitals’ AHL affiliate, the Hershey Bears. Phillips did have six points in nine regular season games, but he went without a point and posted a -3 rating in six playoff games for this year’s Calder Cup champions. The 26-year-old became a Group VI UFA again this summer and wasn’t retained by Washington.
Phillips now looks to rediscover his offensive touch in Colorado, whether with the NHL club in Denver or the AHL club in Loveland. At worst, he’s a potential high-ceiling offensive option to stash in the minors with 34 games of NHL experience to use as a fourth-line call-up in a pinch.
Blue Jackets Nearing Deal With Cole Sillinger
The Blue Jackets are close to handling business with RFA forward Cole Sillinger. Aaron Portzline of The Athletic reports Columbus and Sillinger are within “striking distance” on a two-year contract.
Sillinger has been a staple on Columbus’ roster for the past three seasons after going 12th overall in the 2021 draft. The 6’1″ pivot’s 220 career appearances lead the class.
With his three-year entry-level contract going into effect immediately upon his post-draft season, this was the first summer that anyone selected in 2021 could have been eligible for restricted free agency. Other 2021 draft class RFAs this summer were Columbus’ Kent Johnson, who went seven picks ahead of Sillinger, and Lightning defenseman J.J. Moser. Kraken pivot Matthew Beniers, who went second overall, is also an RFA this summer and remains without a deal.
Last season, Sillinger seemed to get himself back on track after a major sophomore slump that saw him demoted to AHL Cleveland for a brief period. The 21-year-old set career-highs with 19 assists, 32 points and a -4 rating while averaging 16:07 across 77 games.
It was an important step to show that Sillinger likely still has a top-six ceiling, although his poor showing in the faceoff dot and middling possession metrics to date suggest he may be better served as a winger. Among Blue Jackets who took at least 100 faceoffs last season, Sillinger’s 46.3 FO% ranked fifth.
While he hasn’t established himself as a bonafide core piece for the Jackets yet, he is working his way into the conversation as a valuable role player at a young age. His 74 blocked shots tied captain Boone Jenner for the most among Columbus forwards in 2023-24, and his 119 hits ranked fourth on the team, as did his 157 shots on goal. His possession metrics trended in the right direction, too, yielding career-highs of 48.4 CF% and 46.6 xGF% at even strength.
Sillinger, who was born in Columbus while his father, Mike Sillinger, was playing for the Blue Jackets, would be an RFA upon expiry of a two-year contract. He’d only be 23 years old in the 2026 offseason and well-positioned to cash in on a long-term deal if he takes a significant step in his development.
The Canadian national will be part of a continued youth movement in Columbus this fall with a forward group that also includes the aforementioned Johnson, Yegor Chinakhov, Adam Fantilli, Kirill Marchenko, and Dmitri Voronkov.
Image courtesy of USA Today Sports.
Carter Yakemchuk Signs Entry-Level Deal With Senators
The Senators have signed top 2024 draft choice Carter Yakemchuk to his three-year entry-level contract, the team announced today. Financial terms were not disclosed.
Yakemchuk, 18, was the second defenseman taken in the class, going to Ottawa at No. 7 after the Blackhawks selected Artyom Levshunov second overall. Given his early birthday (Sep. 29), Yakemchuk has already accumulated three seasons of junior hockey with the Western Hockey League’s Calgary Hitmen. Last season, he was named to the WHL’s Central Division First All-Star Team and led all defensemen in goals with 30. He added 41 assists for 71 points in 66 games, adding a whopping 120 PIMs and a -6 rating.
Seventh overall was a tad earlier than most expected the 6’3″, 203-lb right-shot defender to go. He checked in at No. 13 in TSN’s Bob McKenzie’s season-end polling of NHL scouts and was the sixth defenseman in his composite rankings. He went ahead of Zeev Buium (Wild, No. 12), Sam Dickinson (Sharks, No. 11), Zayne Parekh (Flames, No. 9), and Anton Silayev (Devils, No. 10), all of whom were consensus top-10 picks heading into draft day.
Yakemchuk will be a name to watch in training camp, but it’s likely that the Sens return him to the Hitmen for his final season of junior hockey. Doing so would slide the beginning of his ELC to 2025-26. Since he’s a 2005-born player, Yakemchuk will be eligible for a full-time AHL assignment the season after, whereas most Canadian Hockey League players have to return to their junior team for two seasons following their draft-eligible campaign. Regardless, he’ll be an RFA upon expiry.
Colorado Avalanche Sign Oliver Kylington
Defenseman Oliver Kylington‘s first trip on the free agent market may have lasted longer than he would have liked — but it’s finally over. The Colorado Avalanche announced they have signed the free-agent defenseman to a one-year contract for next season. PuckPedia reports that Colorado will pay Kylington a salary of $1.05MM next year.
It’s difficult to say the Avalanche had a disappointing situation on defense with Cale Makar at the top of the hierarchy but the depth on the blue line was starting to become an issue. The team lost the trade deadline acquisition of Sean Walker to the free agent market while allowing Jack Johnson, Caleb Jones, and Brad Hunt to walk out the door. Arguably, and with very little cap space to work with, the signing of Kylington should put a cap on Colorado putting together better defensive depth than they had last year.
The organization brought Calvin de Haan and Erik Brannstrom to one-year deals earlier in the summer. Kylington should push for a spot next to Brannstrom on the third defensive pairing, which would move de Haan into the seventh defenseman role. Although Kylington is coming off a season in which he only suited up in 33 games for the Calgary Flames, he has shown flashes of being a top-four defenseman earlier in his career.
He was originally drafted 60th overall in the 2015 NHL Draft after a solid year with Färjestad BK J20 of the J20 SuperElit in Sweden. He spent another year in Sweden after being drafted before landing in North America with the Flames organization. It would take a few years for Kylinton to find his footing in professional hockey, after accumulating productive years with the then-Flames AHL affiliate, the Stockton Heat, Kylington became a full-time member of Calgary’s lineup.
His long journey to consistent NHL minutes culminated in his best season to date in the 2021-22 season when Kylington scored nine goals and 31 points in 73 games while averaging 18:10 of ice time per game. The Swedish defensemen benefitted greatly from playing on a staunchly defensive Flames team while finishing third on the blue line in scoring. Unfortunately, due to personal matters in Sweden, Kylington’s last game for quite some time came on May 26th, 2022.
After his matters were resolved Kylington returned to Calgary’s lineup on January 25th, 2024. He also returned to a completely different team. The Flames were in the middle of a major re-tooling when Kylington re-entered the roster as Calgary moved on from Nikita Zadorov, Elias Lindholm, Chris Tanev, and Noah Hanifin during the season with Matthew Tkachuk and Johnny Gaudreau leaving via trade and free agency, respectively.
Kylington finished the 2023-24 season with three goals and eight points in 33 games on a much weaker Flames team. Now, as he joins the second team of his career on a one-year pact with the Avalanche, Kylington immediately joins a Stanley Cup contender for the 2024-25 season. His responsibility will dramatically lessen in Colorado but it may be a perfect opportunity for Kylington to build upon his value in a better system to parlay his one-year deal into a multi-year offer next summer.
Blackhawks Sign First-Rounder Marek Vanacker
The Blackhawks have signed left wing prospect Marek Vanacker to his three-year, entry-level contract, per a team release. It carries the maximum ELC cap hit of $975K.
Vanacker, 18, was the 27th overall pick in June’s draft. Chicago acquired the selection from the Hurricanes on draft day, sending the No. 34 (Dominik Badinka) and No. 50 (Nikita Artamonov) picks the other way. He spent his draft year with the Brantford Bulldogs of the Ontario Hockey League.
Vanacker broke out as a star in Brantford last season, leading the team in scoring by a wide margin with 36 goals, 46 assists and 82 points in 68 games. The teammate of Blackhawks 2023 third-round pick Nick Lardis had just four goals in 55 games for the Bulldogs the year prior.
The strong-skating playmaker is an unlikely candidate for an NHL roster spot in the fall, though. He’ll attend training camp with the Blackhawks but will be returned to Brantford to play out the 2024-25 season. That will slide the beginning of his entry-level contract to the 2025-26 season, making him an RFA upon expiry in 2028. Vanacker is young enough that he’s eligible for an entry-level slide twice, so if he plays fewer than 10 NHL games in 2025-26, the contract may not begin until 2026-27, thus expiring as late as 2029.
Vanacker was the last of three first-round picks that Chicago made this year, joining second-overall selection Artyom Levshunov and No. 18 pick Sacha Boisvert. The former will be turning pro in the fall, while Boisvert remains unsigned ahead of his freshman season at North Dakota.