Nashville Predators Extend Mattias Ekholm
The Nashville Predators have been working for some time on an extension for Mattias Ekholm, and have finally reached an agreement. Elliotte Friedman of Sportsnet reports that the two sides have signed a four-year extension worth a total of $25MM. The $6.25MM average annual value will be a substantial increase over Ekholm’s current deal, which carries a cap hit of $3.75MM and is set to expire at the end of this season. In a statement, Predators GM David Poile explains exactly why:
When you think about foundational pieces on our hockey team, Mattias Ekholm is certainly at the top of the list, and we couldn’t be happier to get this deal done with the start of the regular season upon us. An alternate captain who leads both vocally and by example, Mattias brings stability and size to our defense corps and has embraced serving as a mentor to the younger players on our team. We have a group of young, right-shot defensemen that includes Alexandre Carrier, Philippe Myers, Dante Fabbro and Matt Benning who all have the opportunity to learn from and play with Mattias on the side opposite him, and we’re excited about the stability that will provide us on the blue line.
Ekholm, 31, has been a key part of the Predators defense for years now, making his debut back in the 2011-12 season and becoming a regular in 2013. One of the most consistent two-way presences in the league, he has recorded at least 23 points in each of the last six seasons, with a career-high of 44 in 2018-19. With Ryan Ellis now in Philadelphia, he will likely be asked to carry even more responsibility on special teams and is easily the team’s most reliable option behind captain Roman Josi.
Still, signing Ekholm at this point is a curious move for the Predators, who don’t appear to be in a true win-now mode at this point. Big contracts to Matt Duchene and Ryan Johansen haven’t worked out, leaving their offensive group a work in progress to this point. Viktor Arvidsson, a big piece of that attack was shipped out this summer, while Filip Forsberg is on the final year of his current deal. If anything, it seemed more likely that Poile would enter this season ready to pull the trigger on some deadline deals that could restock the cupboard and set up the Predators for future success.
An extension for Ekholm certainly removes him from the deadline equation, and locks him into things with the Predators through 2025-26. There’s real risk that this contract won’t look very team-friendly a few years from now, though Ekholm has certainly provided plenty of surplus value to this point. The contract he will finish this year is one of the best bargains in the league, perhaps giving the team one last shot to compete with this group before more substantial changes are made.
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Montreal Canadiens Extend Nick Suzuki
With their season starting tomorrow night, the Montreal Canadiens have locked up their future. Nick Suzuki has signed an eight-year extension that will carry an average annual salary of $7.875MM. The deal will start in the 2022-23 season and keeps Suzuki far away from restricted free agency and any potential offer sheet. Chris Johnston of the Toronto Star reports that the deal will include a 10-team no-trade list (which is only applicable for the final four seasons of the contract). PuckPedia tweets the full breakdown:
- 2022-23: $6.0MM salary + $4.0MM signing bonus
- 2023-24: $10.0MM salary
- 2024-25: $10.0MM salary
- 2025-26: $8.75MM salary
- 2026-27: $6.25MM salary
- 2027-28: $6.0MM salary
- 2028-29: $3.0MM salary + $3.0MM signing bonus
- 2029-30: $3.0MM salary + $3.0MM signing bonus
Suzuki, 22, is coming off a very strong season with the Canadiens and has assumed the team’s first-line center spot, an undisputed role now that both Philip Danault and Jesperi Kotkaniemi are playing elsewhere. The young forward recorded 41 points in 56 games, but it was once again his outstanding postseason that really put him on the map for many fans. In 22 games on Montreal’s quest for the Stanley Cup, Suzuki scored seven goals and 16 points while averaging almost 19 minutes a game.
That ice time is likely to only go up from here as he transitions from up-and-comer to established leader, helming the Canadiens attack every night. This extension is betting that he’ll take on that responsibility without issue, making him the team’s highest-paid skater for next season, even eclipsing Shea Weber‘s LTIR-bound contract.
Make no mistake, there is risk in a deal of this magnitude for someone so young. Suzuki’s career-high in goals is 15 and he has just 82 points through his 127-game career to this point. While those are fine totals, this deal is assuming they will increase as he enters the prime years of his career; a safe assumption, but one nonetheless.
With the deal registered, the Canadiens now have more than $84MM committed to 18 players for next season. A good chunk of that–$7.86MM–is Weber’s deal that will likely be moved to LTIR once again, but it still means that the team won’t have a ton of extra space to work with moving forward. Long-term deals for Suzuki, Brendan Gallagher, Josh Anderson, Christian Dvorak, Jeff Petry, David Savard, Jake Evans, Joel Armia, and Carey Price mean that this group is unlikely to see sweeping changes for quite some time. Even Mike Hoffman, Joel Edmundson, and Tyler Toffoli are signed for two more years after this season, meaning this is essentially the group for the next while.
No matter what, this is a contract extension that has a high probability of looking like a steal in a few years, should Suzuki continue on his current development path. At worst, he’s a little overpaid as he settles into the level he has already reached. But the Canadiens haven’t had a franchise center in some time, and certainly weren’t going to risk letting this one get poached in restricted free agency, or increase his price with a true breakout offensive campaign.
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Zdeno Chara Signs With New York Islanders
October 10: Per CapFriendly, Chara’s one-year deal carries the league-minimum cap hit of $750,000. The deal contains an additional $750,000 in performance bonuses.
September 18: A future Hall of Famer is heading back to where it all began. As first reported by ESPN’s Kevin Weekes and then confirmed by the team, the New York Islanders have signed veteran defenseman Zdeno Chara to a one-year contract. Financial terms have not been disclosed.
Chara was of course drafted by the Islanders all the way back in 1996. He played his first four pro seasons with the club before being dealt to the Ottawa Senators in 2001 in the infamous Alexei Yashin trade. Since then, Chara has established himself as one of the best defensemen of his generation. A Stanley Cup champion, Norris Trophy winner, seven-time all-league defenseman, the NHL’s active leader in career plus/minus and penalty minutes, and an all-time captain, Chara has accomplished more than anyone could have expected when he last with the Islanders. However, he still wants to add another title to his trophy shelf and feels a return to New York could be the best fit.
The long-time Bruins captain, Chara left Boston after the 2019-20 season as the team was looking to move on with a younger core of defensemen and only offered Chara a depth role. The Washington Capitals took him on as an affordable, one-year rental and he provided solid stay-at-home defense all year. Yes, it was a career-low in ice time and a drop-off in most statistical categories, but at 44 years old that is to be expected. The skating and skill are largely gone from his game, but Chara was still a plus player who contributed physically and was not a liability on the back end. Having see up-close what Chara can do, the Islanders have signed him away from the division rival Capitals and will likely use him in a similar fashion. However, given their far more conservative system than Washington’s and the presence of several other dependable defensive blue liners such as Adam Pelech, Scott Mayfield, and fellow veteran Andy Greene, Chara will be under less pressure. This could serve to keep him well-rested and even more effective defensively late in the season and into the playoffs of his 24th NHL campaign.
Chara wanted to stay on the east coast near his family in Boston while still landing with a team that could give him one last shot at the Stanley Cup. It is safe to say that the reigning “East Division” champs have as good a shot as anyone who fits that description. Add in a homecoming to the team who started his illustrious career and the pairing of the Chara and the Islanders seems to be an excellent fit.
New York Rangers Extend Mika Zibanejad
The New York Rangers announced Sunday morning that they’ve extended center Mika Zibanejad. The New York Post’s Larry Brooks reports an eight-year deal with a cap hit in the $8.5MM range. Per CapFriendly, the contract breakdown is as follows:
2022-23: $1MM salary + $7MM signing bonus
2023-24: $1MM salary + $9MM signing bonus
2024-25: $1MM salary + $9.5MM signing bonus
2025-26: $1MM salary + $9MM signing bonus
2026-27: $1MM salary + $7.5MM signing bonus
2027-28: $1MM salary + $6.75MM signing bonus
2028-29: $1MM salary + $5.75MM signing bonus
2029-30: $1MM salary + $5.5MM signing bonus
CapFriendly also adds that the deal contains a full no-move clause through the first seven years of the deal plus most of the eighth year. In 2030, that clause will drop to a 21-team no-trade clause seven days before the trade deadline.
Zibanejad’s extension will begin in the 2022-23 season, taking him through 2029-30 — his age 37 season. He was scheduled to become an unrestricted free agent at the conclusion of this campaign.
With Zibanejad’s $8.5MM reported cap hit, it’s an increase of a little over $3MM on his previous $5.35MM cap hit. The center is coming off a five-year, $26.75MM deal he signed with the Rangers prior to the 2017-18 season.
The contract has immediate salary cap ramifications for the Rangers, who’ll have a busy and challenging offseason ahead of them at the conclusion of this season. The team is projected to have $20.2MM in space next year with the cap increasing to $82.5MM. That space is all they have to re-sign Adam Fox, Kaapo Kakko, Vitali Kravtsov, Sammy Blais, and Alexandar Georgiev, as well as filling out the rest of their roster. They’re handicapped by a $3.4MM cap penalty from the combined buyouts of Kevin Shattenkirk, Dan Girardi, and Anthony DeAngelo.
Throughout his 604-game NHL career, Zibanejad’s scored 200 goals, 234 assists, and 434 points. He’s averaged over 20 minutes a game for the Rangers for three consecutive seasons, cementing his role as a bonafide top-line center. He scored 24 goals and 50 points during last season’s shortened 56-game campaign.
Drafted sixth overall by the Ottawa Senators in 2011, he’s done his best work away from the team that drafted him after Ottawa shipped him away to the Rangers in 2016 in exchange for Derick Brassard. He’s scored 283 points in 323 games as a Ranger.
Theoretically, this deal also had a direct impact on another New York squad. The Rangers have long been linked as a possible destination for former Buffalo Sabres captain Jack Eichel via trade. Yet an eight-year commitment of this magnitude to a player that’s served as their first-line center for years now would suggest that the Rangers have placed their bets in-house on a center that can take them to a Stanley Cup.
Photo courtesy of USA Today Images.
All salary cap figures courtesy of CapFriendly.
Florida Panthers Extend Aleksander Barkov
The news that every Florida Panthers fan has been waiting for is about to happen. Elliotte Friedman of Sportsnet reports that the team has signed a long-term extension with Aleksander Barkov, their star center, inking a new eight-year contract that will kick in for the 2022-23 season. The deal will carry an average annual value of $10MM according to Friedman, with the majority of the money coming in the form of signing bonuses. PuckPedia reports that the deal will have a no-move clause for the first six years, and a 16-team no-trade clause in the final two. The modified no-trade clause Barkov had for this season has also been converted to a full no-move. The contract has now been officially announced, but Pierre LeBrun of The Athletic has the full breakdown:
- 2022-23: $1.0MM salary + $11.0MM signing bonus
- 2023-24: $1.0MM salary + $11.0MM signing bonus
- 2024-25: $1.0MM salary + $11.0MM signing bonus
- 2025-26: $1.0MM salary + $10.6MM signing bonus
- 2026-27: $1.0MM salary + $9.0MM signing bonus
- 2027-28: $1.0MM salary + $7.0MM signing bonus
- 2028-29: $1.0MM salary + $6.2MM signing bonus
- 2029-30: $1.0MM salary + $6.2MM signing bonus
Panthers GM Bill Zito released a statement on the deal:
Over his past eight years in South Florida, Sasha has demonstrated his leadership, character and elite playmaking ability, cementing himself as one of the best all-around players in hockey. He has earned the respect of the hockey community through work ethic and a team-first attitude. Most importantly, he is a tremendous person, athlete and friend and we are thrilled to secure Sasha as our leader on and off the ice for the next eight years.
Barkov, 26, will carry just a $5.9MM cap hit this season on the last year of a deal that turned into one of the biggest bargains in the NHL. Signed in 2016 just a few months into his third NHL season, the six-year, $35.4MM contract was an absolute steal for the Panthers, who watched their young phenom turn from a lanky, inconsistent presence to a powerful two-way force. In 2018-19 Barkov recorded a career-high of 35 goals and 96 points, but the 6’3″ 215-lbs center is much more than his offensive numbers.
The reigning Selke Trophy winner, Barkov has been nominated as one of the best defensive forwards in the league every year since his sophomore season, finishing in the top-6 four times. His faceoff numbers have improved dramatically in the last few seasons and he took home the Lady Byng Trophy in 2019 as a nod to his minuscule penalty totals. Through 529 games, with an average of 20 minutes a night, Barkov has recorded just 98 penalty minutes.
There’s no way the team was going to let him get anywhere near unrestricted free agency if they could help it, but that doesn’t mean there isn’t plenty of risk in a deal like this. Barkov likely could have secured even more on the open market, but that $10MM cap hit will tie him for 11th in the entire NHL moving forward–a tie with teammate Sergei Bobrovsky, whose free agent deal has certainly not worked out. With both of those in the fold, the Panthers become just the fourth team in the NHL with at least two players earning in excess of $10MM. The Chicago Blackhawks, Los Angeles Kings and Toronto Maple Leafs (who have three), have had well-documented salary cap crunches that have cost them depth over the years because of the big money deals at the top.
That cap crunch will be real for the Panthers, who also have $7.5MM Aaron Ekblad and $6.5MM Sam Reinhart to fit in. The team now has more than $77.8MM committed to just 16 players for next season, not leaving them a ton of room to fill out the rest of their roster.
Still, if there was ever a player to spend on, it’s Barkov. Not only does he represent the best skater Florida has seen in quite some time (or perhaps ever), he also only turned 26 a month ago. An eight-year term always buys out years that could see a decline in production, but at least the Panthers aren’t going into his late-thirties with this new extension.
This is also a new comparable for other top centers around the league, including Nathan MacKinnon who has just two years left on his current deal. There’s no telling just how high the Colorado Avalanche will have to go with their franchise player, given his offensive numbers the last several years are even more impressive than Barkov’s. It’s also one of the first big dominoes for next year’s free agent market, which currently includes high-end names like Mika Zibanejad, Johnny Gaudreau, and Filip Forsberg. The former in particular will be looking at Barkov’s deal, though there is plenty of time for each of them to reach new extensions before free agency even approaches.
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Vancouver Canucks Agree To Terms On Elias Pettersson, Quinn Hughes Contracts
October 3: Darren Dreger of TSN has reported that the final contract structure of both deals is as follows:
Pettersson
2021-22: $3MM salary + $1MM signing bonus
2022-23: $7.8MM salary
2023-24: $10.25MM salary
Hughes
2021-22: $4MM salary
2022-23: $6.5MM salary
2023-24: $8.6MM salary
2024-25: $9.5MM salary
2025-26: $10.25MM salary
2026-27: $8.25MM salary
October 1: TSN’s Pierre LeBrun reports that the Vancouver Canucks have agreed to terms on multi-year deals with restricted free agents Elias Pettersson and Quinn Hughes. Pettersson’s deal is for three years at an average annual value of $7.35MM, while Hughes’ deal is for six years at $7.85MM. LeBrun says that the contracts themselves have yet to be finalized.
Sportsnet’s Satiar Shah was the first to report last night that Hughes’ deal would be six years in length, while The Athletic’s Rick Dhaliwal reported a three-year deal for Pettersson.
Pettersson’s three-year commitment comes after scoring 153 points in just 165 games during his first three seasons in the league. The fifth-overall pick in the 2017 NHL Draft continues to be regarded as a top-ten center in the league by some, but injury issues this season limited his production (and negotiation leverage) with 21 points in 26 games. Winner of the 2019 Calder Trophy, Pettersson’s contract is certainly of spectacular value to the Canucks at this time. The scoring and two-way game Pettersson brings to the table both make it seem like he’s earning about $1.5-$2MM less than he should.
Hughes, a year younger than his forward counterpart, has had a near equal amount of success and accolades throughout his young career. While the soon-to-be-22-year-old has only two full NHL seasons under his belt, his 53 points in 68 games (along with 21:53 average time on ice) in 2019-20 were good enough to place him second in Calder Trophy voting, even earning some Norris Trophy votes along the way. While his defensive game stumbled slightly this year, the point production kept up with 41 points in 56 games. A long-term commitment is key here for Vancouver, ensuring some cost certainty at a reasonable cap hit while he continues to develop.
Concerns were aplenty surrounding Vancouver’s ability to fit both Pettersson and Hughes under an $81.5MM salary cap this season, but with forward Micheal Ferland headed to long-term injury reserve, general manager Jim Benning appears to have successfully manipulated a tight financial situation. CapFriendly projects a current cap hit of $82.9MM with a full 23-man roster for the Canucks, exceeding the salary cap by much less than Ferland’s $3.5MM cap hit. While the specifics of how Vancouver can maximize cap relief haven’t been hammered out quite yet, they’ll at least rest now knowing they’ll be compliant for the start of the season.
These contracts set up an important season for this Canucks core, as they look to return to the playoffs after a surprise run in 2020. Pettersson will likely be reprising his role as the team’s first-line center, being flanked by J.T. Miller and Brock Boeser. The secondary scoring’s been bolstered by the addition of Conor Garland, while young wingers Nils Hoglander and Vasily Podkolzin could make big impacts.
Hughes comes in as the undisputed number one defenseman on the team after Alexander Edler‘s departure in free agency to the Los Angeles Kings. While the additions of Oliver Ekman-Larsson and Tucker Poolman to the blueline have been controversial from an outside perspective, the team still hopes bounce-back campaigns are in order for both of them. Hughes’ ice time will undoubtedly increase from the 22:48 he played last year, becoming an increasingly important fixture within the team.
Jakub Vrana To Undergo Surgery
The Detroit Red Wings received some bad news before the season even begins, as head coach Jeff Blashill announced that Jakub Vrana will require shoulder surgery and be out a minimum of four months.
Vrana, 25, just signed a new three-year, $15.75MM contract with the Red Wings last month after going on a tear down the stretch. Acquired from the Washington Capitals as part of the return for Anthony Mantha, the young forward had eight goals and 11 points in 11 games for the Red Wings. With the team still turning the corner on their rebuild, Vrana was one of the team’s most dangerous offensive weapons and will leave a huge hole in the lineup as he recovers from this surgery.
In fact, for a team that was just hoping to be competitive, losing Vrana could very well put them in the running for the 2022 Draft Lottery once again. It’s not that he’s the only effective player on the roster, but it’s hard to see how the Red Wings are going to be dangerous enough offensively to compete most nights without their second-highest paid forward. His absence of course will open the door for another young player to step up, but this is about as bad as it gets for the Red Wings.
There will be no need to move Vrana to long-term injured reserve, as the Red Wings are nowhere near the salary cap upper limit. He’ll move to regular IR as he works through this recovery, hopefully returning before the end of the season. Four months from today would be the end of January, though coach Blashill said it would be at least that long.
Los Angeles Kings Extend Cal Petersen
After reports emerged earlier today that the Los Angeles Kings were getting close to a deal with goaltender Cal Petersen, PuckPedia reports that the three-year contract extension has been completed. Petersen will carry a cap hit of $5MM starting in the 2022-23 season, signaling that the Kings are ready to start a transition to him as the team’s next starting goaltender. PuckPedia adds the full breakdown:
- 2022-23: $1.0MM salary + $3.0MM signing bonus
- 2023-24: $1.0MM salary + $4.0MM signing bonus
- 2024-25: $6.0MM salary
Petersen, 26, may not be widely known across the NHL just yet, but he will be soon after taking over the Kings’ crease last season. Originally selected by the Buffalo Sabres in 2013, he actually left the University of Notre Dame a year early and became a free agent, deciding to sign with Los Angeles instead of Buffalo. It proved to be a good career move so far, as he quickly climbed the organizational depth chart, made his debut in 2018-19 and played in 35 of the team’s 56 games last season.
All Petersen has ever done is post strong numbers, and he now sits with a .916 through his first 54 NHL appearances. Though that certainly isn’t a lot of experience, the Kings are betting that his price would have gone even higher after the upcoming season where he is projected to take the lion’s share of the work. Jonathan Quick, who appeared to be on the verge of a bounce-back season at the beginning of the year, struggled to maintain his play and finished with a .898 save percentage in 22 appearances, the third season in a row he has posted a number below .905. Given that he’ll turn 36 partway through the upcoming season, the time is right for the team to transition toward Petersen and the future.
Of course, that doesn’t mean Quick is out of the picture. The veteran netminder will still carry a cap hit of $5.8MM this season and next, meaning as it currently stands the Kings have more than $10MM committed to goaltending in 2022-23.
This new contract for Petersen is buying out all unrestricted free agent years but does come in quite pricey. He’s now tied for the 13th-highest cap hit for a goaltender in 2022-23, meaning there will be plenty of pressure to prove his early success can continue.
Buffalo Sabres Sign Rasmus Dahlin
The Buffalo Sabres have agreed to terms with star defenseman Rasmus Dahlin on a three-year contract that will carry an average annual value of $6MM. The young defenseman was a restricted free agent but was listed on the Sabres’ training camp roster yesterday, suggesting a deal was coming soon. CapFriendly has the full breakdown:
- 2021-22: $3.0MM salary + $2.0MM signing bonus
- 2022-23: $5.8MM salary
- 2023-24: $7.2MM salary
Dahlin, 21, certainly hasn’t been a disappointment since being selected first overall in 2018, but he also hasn’t been the franchise-changing savior that many Sabres fans were hoping for. The young defenseman stepped directly into the NHL and showed his offensive chops, recording 44 points in his rookie season and finishing third in the Calder Race, but has been dragged down–whether by his teammates or his own inconsistent defensive play–in his own end.
There’s no doubt that Dahlin is one of the most dynamic puck-movers in the NHL, but even that offensive output dropped this season as the Sabres collapsed into a league bottom-feeder once again. A contract like this, which ties Dahlin for the 30th highest cap hit among defensemen this season, certainly doesn’t leave room for a ton of surplus value unless he really gets back to the player he showed early on.
With no Rasmus Ristolainen in the fold now, Dahlin should take on even more responsibility for the Sabres. He heads into this season leading a defense corps that is made up almost entirely of pieces acquired through trade, some of them just cap dumps, and may have another difficult season as he waits for the help of Owen Power, the team’s latest top pick. When he gets him, which by all accounts should be at the end of the upcoming season, Dahlin and the 2021 first-overall pick should form a dynamic duo for the Sabres to build around, each logging big minutes on the left side.
Even though this contract may actually be a bit on the expensive side–Zach Werenski, with comparable if not better numbers, signed a similar bridge deal that was worth just $15MM over three years in 2019–it’s not really an issue for the Sabres who are fighting just to get to the cap floor. The team can certainly afford to pay Dahlin a little bit more to keep him in the fold while they go through another rebuild.
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Robert Thomas Signs With St. Louis Blues
Late last night, the St. Louis Blues announced that they have agreed to terms with restricted free agent Robert Thomas, signing him to a two-year contract. The bridge deal will carry an average annual value of $2.8MM, and allows Thomas to join his teammates on Thursday when Blues training camp opens.
The 22-year-old forward took a pretty drastic step backward this season when he posted just three goals and 12 points in 33 games while seeing his playing time decrease to just over 13 and a half minutes a night. Once seen as a future second-line center, it’s difficult to know exactly where Thomas will top out now after failing to really take that next step in the early part of his career.
Still, this two-year bridge deal gives him a chance to show that 2020-21 was the fluke and he can get back to (and exceed) the 42-point player he was the year before. A smart defensive player, he has struggled at times to generate offense for himself–incredibly registering just 22 shots in 33 games last season–and his linemates. In 169 career games, he has 22 goals and 87 points.
For the Blues, even if they believe in Thomas’ long-term outlook, there was no way they could make this deal stretch further into the future. Every additional year would likely make the cap hit creep up, and the team is capped out at the moment while they continue to carry Vladimir Tarasenko on the roster. In two years, when this bridge deal is up, there will be a ton of money coming off the books for the Blues, as Tarasenko, Ryan O’Reilly, Oskar Sundqvist and Ivan Barbashev are all scheduled for unrestricted free agency. The same summer, Jordan Kyrou–who signed his own two-year, $5.6MM deal last month–will also be up for a new contract.
While there are other promising prospects in the Blues system, it really is on Thomas and Kyrou as the two young options to bridge the gap from the veteran core to that next wave. Until Klim Kostin or others prove they’re ready for the NHL full-time, Thomas and Kyrou will remain the only two forward on the team under the age of 25. By getting them both signed to reasonable bridge deals, the Blues have given themselves the opportunity to take advantage of any breakouts that result in surplus value.
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