Montreal Canadiens Sign Mike Hoffman
The Montreal Canadiens are adding some serious goal-scoring to the top-nine, signing Mike Hoffman to a three-year contract. The deal will carry an average annual value of $4.5MM. PuckPedia reports that Hoffman will earn $3.5MM in 2021-22 and $5MM in each of the final two seasons.
Hoffman, 31, is one of the most lethal powerplay weapons in the NHL, and should immediately help Montreal with the man-advantage. Even more than that he adds another legitimate offensive weapon to a team that struggled to score goals in 2020-21. Even in a down year by his standards, Hoffman’s 17 goals would have tied him for second on the Canadiens, behind only Tyler Toffoli. His 36 points would have been behind only Toffoli and Nick Suzuki among the forwards, and more than replaces the numbers that Philipp Danault provided (though obviously not his defensive or positional abilities).
The question now is where Hoffman fits exactly, given the current makeup of the team. The Canadiens already have Toffoli, Brendan Gallagher, Josh Anderson, Joel Armia and Cole Caufield on the wing, not to mention Jonathan Drouin who is expected to ready to play again at the start of the upcoming season. Hoffman will have to find fit somewhere on those top three lines, or likely won’t be able to provide enough offense to offset the hefty cap hit he just received.
Still, there’s no doubt that Hoffman can score, and that alone made him an interesting target in this year’s free agency. He ranked 12th on our list of the Top 50 UFAs, with a prediction of three years and $12MM for the Canadiens.
Nick Foligno Signs With Boston Bruins
The Athletic’s Michael Russo reports that forward Nick Foligno will sign with the Boston Bruins, turning down a chance to play with his brother Marcus Foligno in Minnesota as was expected. The Ottawa Sun’s Bruce Garrioch is reporting that the deal is two years in length. Unofficially, the salary is believed to be $3.8MM.
In speaking with the media, both Foligno and Boston GM Don Sweeney acknowledged that they do not know exactly where Foligno will play in Boston. This seems to be more a case of a player and team with mutual interest and less of the team actually filling a need. Foligno stated that he has always admired the Bruins and a call from captain Patrice Bergeron sealed the deal. Foligno also has ties to the city as his daughter received life-saving surgery at the famed Boston Children’s Hospital.
So what role will Foligno have? With Erik Haula and Tomas Nosek also joining the fold today and decision still yet to be made by David Krejci, as well as rumors continuing to swirl around Jake DeBrusk, it is unclear exactly how the Bruins will look up front by opening night. However, they were missing a snarl in the corners and a strong net front presence at times this past season and Foligno can provide plenty of both. His positional versatility and ample experience also allows him to line up at any position and move up and down the lineup all while providing value. Foligno is one of those do-it-all players and Boston will have no trouble finding a use for him as they look to remain a top contender.
Brayden Point Signs Eight-Year Extension
The Tampa Bay Lightning continue to lock up their key players. On the first day it was possible, the Lightning have signed Brayden Point to an eight-year contract extension worth a total of $76MM. That will take him to an average annual value of $9.5MM for the 2022-23 campaign after his current deal expires. GM Julien BriseBois was clear in his praise of the young forward:
Brayden is a key contributor to the Lightning’s success and one of the most dynamic players in the NHL. To be able to agree to terms with him on a long-term contract is great news for our organization going forward. Not only is Brayden a skilled player, he is also a fierce competitor who fits in well with the pedigree of our team. Our organization looks forward to having him be a big part of this team for many years to come.
Pierre LeBrun of The Athletic reports the full breakdown of salary and signing bonuses for Point:
- 2022-23: $3.5MM salary + $5.5MM signing bonus
- 2023-24: $5.0MM salary + $6.25MM signing bonus
- 2024-25: $5.0MM salary + $7.0MM signing bonus
- 2025-26: $5.0MM salary + $7.0MM signing bonus
- 2026-27: $4.0MM salary + $5.75MM signing bonus
- 2027-28: $3.0MM salary + $4.6MM signing bonus
- 2028-29: $3.0MM salary + $4.2MM signing bonus
- 2029-30: $3.0MM salary + $4.2MM signing bonus
Point, 25, was available to every team in the NHL during the 2014 draft, but it was Tampa Bay that used the 79th overall pick on him. Two years later he would debut with the club during the 2016-17 season, scoring 18 goals and 40 points en route to finishing tenth in the Calder Trophy voting. It was an impressive rookie season, but still, no one could guess at the level of play the Lightning were about to receive from their undersized center. The following year, he recorded 32 goals and 66 points, becoming the third star forward in Tampa Bay behind Nikita Kucherov and Steven Stamkos. A 92-point campaign and then two straight Stanley Cups came after that, establishing Point as a legitimate superstar and one of the very best centers in the entire league.
Even with a $76MM deal, Point appears to be taking a discount to stay with Tampa Bay. He will match the deals signed in 2018 by Kucherov and 2019 by Andrei Vasilevskiy, tying them for the 15th highest cap hit in the NHL with players like Mark Stone, Alex Ovechkin, and Jamie Benn. That $9.5MM appears to be something of an internal limit for the Lightning, one that has allowed them to build an incredibly dominant team.
Signed through the end of the decade, Point will be in his mid-thirties by the time he reaches free agency again. That means there is at least a decent chance that he spends his entire career in Tampa Bay. If he does, Point very well could go down as one of the best players in franchise history. This core group—Point, Kucherov, Stamkos, Vasilevskiy and Victor Hedman—has already won two championships but does not appear to be breaking up anytime soon. All five players are under contract for at least three more seasons.
Los Angeles Kings Sign Phillip Danault
The Los Angeles Kings have signed Phillip Danault, the team said today. It’s a six-year contract worth $5.5MM per season.
The 28-year-old Danault enters the Los Angeles organization after a successful stint with the Montreal Canadiens. Finishing top-10 in Selke Trophy voting for the past three seasons, Danault has cemented himself as a truly elite defensive centerman who can play top-six minutes. While he’ll never break the bank offensively, nor should he see power-play time, Danault still carries 40-50 point upside with incredible solid possession numbers. He’s coming off a 24-point season in which he shot a near-career-low 6.8 percent, so some increased goal totals for next season should be expected.
Danault currently slots in as the Kings’ second-line center behind Anze Kopitar, but how long he holds that title remains to be seen. Danault’s strength in the faceoff dot likely cements him at the center position, so it’s reasonable to surmise that he could serve as the team’s third-line pivot by the end of the deal. The Kings have many young centers, especially Gabriel Vilardi and Quinton Byfield, who look to be consistent top-six contributors within the next few seasons. However Danault gets used, though, he’ll bring a strong impact to a team who’s struggled mightily defensively in recent years.
Gabriel Landeskog Signs Eight-Year Extension
Just before the deadline for eight-year contracts, the Colorado Avalanche and Gabriel Landeskog have reached a deal for the max term. The captain will be staying with the only organization he’s ever known. The two sides have agreed to an eight-year contract worth a total of $56MM. Bob McKenzie of TSN tweets that the first four years come with a full no-movement clause, while the final four will be a modified no-trade clause.
At times over the past few weeks, it seemed like Landeskog might actually reach the free agent market. The Avalanche were in a tight salary cap situation with a superstar defenseman to sign and a Vezina finalist on an expiring deal. Once the team worked out a massive RFA contract with Cale Makar though, things could progress with their captain.
In the end, it will be less than a $1.5MM per year raise for the 28-year old forward. Landeskog was coming off a seven-year, $39MM deal signed in 2013, which carried a $5.57MM cap hit. On this new deal, he eclipses Nathan MacKinnon‘s $6.3MM cap hit but still comes far short of Mikko Rantanen‘s $9.25MM as the team’s highest-paid forward. It’s much less than he likely could have received on the open market on a per-year basis, but the eighth season was something that only Colorado could offer. Landeskog now has contract security through his age-36 season and could very well play his entire career for the Avalanche.
On September 4, 2012, nearly a decade ago, Landeskog was named captain of the Avalanche. At the time, he was the youngest player ever to be given that honor in the NHL. He had just finished a Calder Trophy-winning rookie campaign, which included 22 goals and 52 points, and was given the “C” by veteran Milan Hejduk. Years later, Landeskog has been one of the most consistent players in team history and sits eighth all-time in points–including the days when the franchise was in Quebec. With this new deal, he’ll surely pass another few names on that list.
Landeskog is now tied for the 57th highest cap hit in the NHL, alongside young stars and veterans alike. The reasonable $7MM cap hit—especially when combined with the money that Makar left on the table—leaves room for the Avalanche to potentially bring back starting goaltender Philipp Grubauer in free agency as well. Colorado now sits with just over $12.3MM in cap space, though that includes a roster of just 16 players.
With less than 24 hours before free agency begins, any teams preparing an offer for Landeskog will have to turn their attention elsewhere. He ranked first on our Top 50 UFA list, but we predicted he would return to the Colorado Avalanche even if a deal wasn’t done before tonight’s eight-year threshold. Dougie Hamilton now assumes that top spot, while other forwards could draw a little more interest from teams looking to make a splash.
Photo courtesy of USA Today Sports Images
Jets Acquire Nate Schmidt
While it was believed that Nate Schmidt wasn’t keen on being traded to the Jets, he had a change of heart as on Tuesday, he waived his no-trade clause to be traded to Winnipeg with the Canucks receiving the Jets’ third-round pick in 2022 in return. Both teams have announced the trade.
Schmidt was acquired from Vegas last fall early in free agency with the Golden Knights needing to free up cap space to facilitate the signing of Alex Pietrangelo. The return in that deal was a 2022 third-round selection which means Vancouver was basically able to get a free year out of Schmidt when the two moves are combined.
Unfortunately, that free season wasn’t a great one for the 30-year-old. While he fit in quite well in Vegas, that wasn’t the case in Vancouver as Schmidt struggled for most of the year. His offensive production was cut in half from the previous year from 31 to 15 points despite playing in nearly the same number of games and that was hardly the return they were expecting from someone that carries a $5.95MM cap hit. Those struggles likely played a role in Vancouver swinging a deal for Oliver Ekman-Larsson over the weekend, a move that sealed Schmidt’s fate as being someone that was about to be on the move again.
Meanwhile, Winnipeg makes their second notable defensive addition in as many days after acquiring Brenden Dillon from Washington on Monday. The Jets were hit hard two years ago with several blueliners leaving for no return in Ben Chiarot and Tyler Myers (free agency), the injury and subsequent retirement of Dustin Byfuglien, while Jacob Trouba was traded to the Rangers in a deal that netted Neal Pionk, a move that has worked out well for them thus far. Even so, the only defensive addition of note prior to these two moves was Dylan DeMelo so there was work that needed to be done.
This addition, coupled with Dillon’s pickup, gives Winnipeg much more depth on the back end as the two could possibly form their second pairing behind Pionk and Josh Morrissey for next season while pushing DeMelo down to the third pairing. All of a sudden, a position that was their biggest weakness looks a lot stronger.
With these moves – Winnipeg is picking up the full contract for Schmidt per Pierre LeBrun of TSN and The Athletic (Twitter link) – that should be it for additions on their back end. GM Kevin Cheveldayoff will have a little over $7MM in cap room remaining (excluding Bryan Little‘s LTIR-bound contract which carries a $5.291MM AAV) with Pionk, Logan Stanley, and Andrew Copp needing new contracts. They’ll need to dip into that LTIR pool to get those deals done.
Meanwhile, Vancouver has freed up $9.75MM in cap room today with this swap and the Braden Holtby buyout. The Canucks still have Elias Pettersson and Quinn Hughes among those in need of new contracts but they’ll have roughly $25MM in cap room, giving them enough flexibility to try to make another big splash over the coming days.
TSN’s Darren Dreger was the first to report that Schmidt had agreed to the trade. PuckPedia was the first to report that Winnipeg’s pick, not their other selection from Columbus (previously acquired) was going to Vancouver.
Photo courtesy of USA Today Sports Images. Cap and contract information courtesy of CapFriendly.
Seth Jones Traded To Chicago Blackhawks
July 27: The Jones extension has been officially announced. The full breakdown is as follows:
- 2022-23: $750K salary + $9.25MM signing bonus
- 2023-24: $7.5MM salary + $5.0MM signing bonus
- 2024-25: $7.5MM salary + $5.0MM signing bonus
- 2025-26: $5.5MM salary + $5.0MM signing bonus
- 2026-27: $7.0MM salary + $1.0MM signing bonus
- 2027-28: $2.5MM salary + $5.0MM signing bonus
- 2028-29: $2.5MM salary + $5.0MM signing bonus
- 2029-30: $2.5MM salary + $5.0MM signing bonus
The deal includes a full no-movement clause as well.
July 23: The Columbus Blue Jackets have dealt Seth Jones to the Chicago Blackhawks. Sportsnet’s Elliotte Friedman is reporting that defenseman Adam Boqvist is part of the return to Columbus. TSN’s Darren Dreger is reporting that the Blackhawks are also signing Jones to an eight-year extension worth $9.5MM per season. Elliotte Friedman reports that the full deal is Jones heading to Chicago along with the 32nd overall tonight and a 2022 sixth-round pick, with Boqvist, 11th overall, a second-round pick, and a 2022 first-round pick coming in return.
It’s a new beginning for Jones, who’s coming off one of the worst seasons in his career. Scoring 28 points in 56 games, Jones was unusually suspect defensively, and his regression was a decently large reason that Columbus suffered the way they did this season. It remains to be seen how Jones will fit in Columbus, but if he can get back to his former performance, he could help solidify an evolving defense core in Chicago. After Chicago acquired Seth’s brother, Caleb Jones, from the Edmonton Oilers in the Duncan Keith trade, it’s possible that the two brothers could form a pairing in Chicago’s top four along with Calvin de Haan and Connor Murphy.
Columbus is getting a decent haul of assets here too. They’ll now be selecting twice in the top 15 picks of tonight’s 2021 NHL Entry Draft, and they’ll be selecting three times in the first round overall. Boqvist is also an extremely important young addition to the Columbus blueline. It’s likely that Boqvist, who’s seen his advanced metrics skyrocket since his rookie season, will be ready for more responsibility with Columbus next season. He put up nice offensive numbers with 16 points in 35 games this season, and could replace Jones as Zach Werenski‘s partner on Columbus’ top pairing.
Alex Ovechkin Re-Signs With Washington Capitals
It was never really in doubt, but Alex Ovechkin is returning to the Washington Capitals. The legendary forward announced his own extension, which will total $47.5MM over five years ($9.5MM AAV). Ovechkin was a pending unrestricted free agent but has spent his entire career in Washington and was not expected to sign anywhere else.
Capitals CEO Ted Leonsis released a statement:
Alex is a world-class athlete who will forever be regarded not only for leading the team to achieve our ultimate goal of winning the Stanley Cup, but also for inspiring the next generation of fans and youth players. The impact Alex has had on hockey in D.C. extends well beyond Capital One Arena. His performance on the ice has undoubtedly sparked countless new fans of the game and inspired more youth players to lace up skates of their own. Off the ice, Alex’s impact is equally unmatched. Not only is he committed to the franchise, but also to the community, and we look forward to seeing him in the Capitals uniform for years to come.
Pierre LeBrun of The Athletic reports the full structure of the deal:
- 2021-22: $1.0MM salary + $4.0MM signing bonus
- 2022-23: $1.0MM salary + $9.0MM signing bonus
- 2023-24: $1.0MM salary + $11.5MM signing bonus
- 2024-25: $5.0MM salary + $6.0MM signing bonus
- 2025-26: $5.0MM salary + $4.0MM signing bonus
CapFriendly adds that the contract contains a full no-move clause and a 10-team no-trade clause in each season.
Getting a good chunk of salary on the last two years would have been important to the Capitals, as an early retirement would not remove the cap hit from the books, given the age at which Ovechkin is signing. There’s obviously now a financial incentive for him to play out the full deal, though his loyalty to the Capitals organization has never been in doubt.
Now 35, Ovechkin will almost continue to carry the exact same cap hit he has for the past 13 years. In 2008 he signed a 13-year, $124MM contract with the Capitals, which carried a cap hit of $9, 538,462. That was nearly 19% of the salary cap at that point, but it was certainly worth it for a player that will go down as arguably the greatest goal-scorer of all time. In fact, Ovechkin needs to average just 33 goals a season over this five-year deal to pass Wayne Gretzky‘s record 894 goals.
It’s hard to know if that’s a possibility for a player at his age, but it’s not like Ovechkin has really slowed down in recent years. He has won the Rocket Richard trophy as the league’s top goal-scorer seven out of the past nine seasons and even in a year interrupted by COVID, he had 24 goals in 45 games during 2020-21. Nearly a point-per-game player still, his place at the top of the Capitals lineup or on the left side of the first powerplay unit will never be in doubt, even as he moves into his late-thirties.
It’s a race for the record now, but Ovechkin and the Capitals also have their sights set on a second championship. The team finally lifted the Stanley Cup in 2018, 14 years into his marvelous career. With a core locked up for the next several years—Nicklas Backstrom, John Carlsson, Evgeny Kuznetsov and T.J. Oshie are all signed through at least 2024-25—they’ll keep trying to climb that mountain again as their captain nears the end of his career.
Chicago Blackhawks Acquire Marc-Andre Fleury
The Vegas Golden Knights are trading the first icon in franchise history. Marc-Andre Fleury, who has been the face of the Golden Knights since the expansion draft is on his way to the Chicago Blackhawks, according to Emily Kaplan of ESPN. Kaplan adds that the Golden Knights are not retaining any salary and that the Blackhawks will send just Mikael Hakkarainen in return. On a press conference later in the day, Golden Knights GM Kelly McCrimmon confirmed that though they will own the contract of Hakkarainen, he will stay with the Rockford IceHogs.
Bob McKenzie of TSN tweets that Chicago was not on Fleury’s no-trade list, and the goaltender did not want to play anywhere but Vegas. Elliotte Friedman of Sportsnet tweets that there are “rumblings” the veteran goaltender might even choose to retire due to family reasons. Jesse Granger of The Athletic adds that Fleury learned of the trade via Twitter.
Though there had been speculation about Fleury’s future in Vegas ever since Robin Lehner arrived and signed an extension with the club, this is still a stunning move just weeks after he was awarded the Vezina Trophy as the league’s best goaltender. The team has cleared his entire $7MM cap hit, giving them room to make additional moves this summer, but it’s still a hard way for the organization’s first-ever superstar to leave town.
From the moment he was selected, Fleury became the center of the Golden Knights marketing strategy given his Stanley Cup resume and outgoing personality, but he soon became much more than that. The backbone of the roster for four seasons, Fleury actually experienced his own late-career renaissance, posting stronger numbers in Vegas than he had ever registered in Pittsburgh. He finished fifth in the Vezina voting during the 2017-18 season, while leading the team to the Stanley Cup Finals in year one.
Now, at age-36, no one would blame Fleury for hanging up his pads. He sits third all-time on the NHL wins list, tenth in games played, and has now taken home the top individual and team trophies available. Going to Chicago, where there is certainly no guarantee of Stanley Cup contention, would be an odd footnote on the end of a career spent exclusively in two cities. He would however be walking away from the $6MM he is still owed, quite the complicating factor in any decision.
For Vegas, opening up this amount of cap space will lead to wild speculation about their offseason plans. The team now has more than $12MM in cap space with only Nolan Patrick to sign as a restricted free agent. Never afraid to go after the big fish, they now have enough money to pursue the top free agents or trade targets.
Photo courtesy of USA Today Sports Images
Brenden Dillon Dealt To Winnipeg Jets
TSN’s Darren Dreger is reporting that the Washington Capitals have dealt defenseman Brenden Dillon to the Winnipeg Jets in exchange for second-round picks in 2022 and 2023.
Dillon enters the Jets lineup immediately as one of their better and most experienced defensemen. A veteran of over 650 NHL contests, Dillon arrives in Winnipeg via Washington, who signed him to a deal with a $3.9MM cap hit at two years remaining. With this trade, it appears that Winnipeg may finally be getting Josh Morrissey some relief on the back-end. Dillon has experience playing 19 to 20 minutes a night and could play on either the top or second pairing in Manitoba. If it’s any help to Morrissey, it’ll be appreciated. Since Morrissey’s been entrusted with added responsibility after the departure of Dustin Byfuglien, his defensive play has really struggled. Some additional defensive help and some easier matchups may make Morrissey a more effective asset. Regardless of that, they’re still getting an excellent defensive defenseman in Dillon, who’s done well against good, but not great competition over the past few seasons.
It does raise one question, as there’s now just one spot remaining on Winnipeg’s left side. Which one of Ville Heinola or Logan Stanley won’t be cracking next year’s lineup, and could there be an additional deal that moves one of them out? It’s a good problem to have for the Jets, who now look in much better shape defensively than last season.
For Washington, the clearing of Dillon’s $3.9MM cap hit is crucial to their success this offseason. With captain Alex Ovechkin likely commanding a double-digit deal, questions about Washington’s ability to continue to build a contender have loomed large due to the flat salary cap. With Dillon’s departure, it opens the door for Michal Kempny to reclaim a spot in the lineup after he missed the entirety of 2020-21 with injury. If Kempny is at 100%, he’s shown the ability to be a capable top-four defenseman in the past and could be the perfect in-house replacement for Dillon.
All salary cap figures courtesy of CapFriendly