Minnesota Wild To Buy Out Zach Parise, Ryan Suter
In a shocking turn of events, the Minnesota Wild have begun the buyout process for both Zach Parise and Ryan Suter. Because they have no-movement causes, they do not need to go through the unconditional waiver process. Both players are on identical 13-year, $98MM contracts that were signed in 2012; a buyout would cause cap penalties of the following for each player:
- 2021-22: $2,371,794
- 2022-23: $6,371,794
- 2023-24: $7,371,794
- 2024-25: $7,371,794
- 2025-26: $833,333
- 2026-27: $833,333
- 2027-28: $833,333
- 2028-29: $833,333
Amazingly, because of the way their contracts were so heavily front-loaded, each player will only receive $6,666,667 in actual salary over the eight years of the buyout. It clears more than $10MM of cap space for the upcoming season, though obviously creates a huge cap penalty in years 2-4 of the buyout.
It’s the end of an era in Minnesota, as Suter and Parise have been the faces of the franchise for nearly a decade. Their signing in 2012 shocked the hockey world, as they decided to go to a relatively new team that had missed the playoffs in eight of its 11 years of existence. When they arrived, things immediately turned positive for Minnesota, reaching the playoffs in each of the next six seasons, but there was very little postseason success. Now, after another disappointing first-round exit, GM Bill Guerin has decided to do what was unthinkable until recently. He released a statement on the move, thanking both players for their contributions:
Zach and Ryan have been an integral part of the Wild’s success over the past nine years and we’ll always be grateful for their many contributions. There were numerous factors that entered into the difficult decision to buy out their contracts, but primarily these moves are a continuation of the transformation of our roster aimed at the eventual goal of winning a Stanley Cup.
Parise, 36, had been pushed almost entirely out of the lineup, dressing only occasionally down the stretch and playing in just four of the team’s seven postseason games. He managed to record three points in those four matches, but had just 18 in his 45 regular season games. His role moving forward was completely unclear, but now he’ll at least get the chance to test the open market. The New York Islanders and GM Lou Lamoriello had been interested in the past, but it remains to be seen whether they’ll pursue the veteran forward this time around.
For Suter, who also turned 36 in January, things are a little different. Though his offensive numbers fell off a cliff this season, recording just 19 points in 56 games, he is still a valuable top-four defenseman that likely could have helped the Wild next season. The key to both buyouts really is that it will open two protection slots in the upcoming expansion draft, which the Wild can use to block Seattle from some of their younger, more valuable assets. Suter and Parise each held a no-movement clause that would have forced Minnesota to protect them in the draft, meaning if this buyout was going to happen, it needed to be done before the protection lists are submitted later this week.
Looking at a cap penalty of nearly $15MM is daunting, but it is important to remember that their regular cap hits would have combined for more than that anyway. If the Wild believe that the two will not be regular contributors in two years, this actually frees up a (small) amount in those seasons as well. Had they waited another year, for instance, there would have been very little cap savings at all, meaning it was a now-or-never situation. The benefit here is opening up more than $10MM (and two expansion slots) at a time when the Wild are looking at key negotiations with Kirill Kaprizov and Kevin Fiala. The team has also been loosely connected to players like Jack Eichel and Sam Reinhart, who could help fill out the center ice position that has been deemed so important to Kaprizov’s future with the team.
That does not mean it’s the end for Parise and Suter, who will enter the free agent market as attractive assets now that they can be had for a much lower cost. Just yesterday, the Edmonton Oilers for instance traded for Duncan Keith, who will likely cost more than Suter receives on the open market. Though he doesn’t have the kind of playoff success that Keith does, there’s certainly going to be a market for the 36-year-old defenseman. Parise’s might be a bit smaller, but remember he is still only a year removed from a 25-goal campaign and has more than 800 points in his NHL career. For a contender looking to add depth to the lineup for a reasonable price, there are worse gambles to make.
Michael Russo of The Athletic broke the news on Twitter.
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Pekka Rinne Announces Retirement
As it turns out, Pekka Rinne won’t be playing for another franchise after all. The legendary Nashville Predators goaltender has decided to hang up his pads, announcing retirement after 15 years. Rinne explained his decision in a long letter to the fans of Nashville, thanking some of the players that have meant the most to him over the years.
Rinne, 38, stands alone at the top of the mountain for the Predators, holding basically every franchise record that a goaltender can. He is the team leader in games (683), starts (667), wins (369), shutouts (60), goals-against average (2.43) and saves (17,627). He also leads all Finnish goaltenders in games, starts, wins and shutouts. Those 369 wins tie him for 19th all-time with Tom Barrasso, though he’ll likely be passed by Carey Price next season. He won the Vezina Trophy in 2018 and was a finalist three other times. He took home the King Clancy trophy this season.
Selected in the eighth round in 2004, Rinne’s is one of the best draft stories in history. Originally eligible in 2001, he was passed over three times before the Predators took a chance on him at 258th overall. Janne Kekalainen, the team’s European scout, saw Rinne playing as a backup for Niklas Backstrom in Finland, and convinced GM David Poile to spend a late pick on the overager.
Rinne was a pending unrestricted free agent this summer, and though he indicated at the end of the season he might be interested in playing, even if it meant suiting up for another franchise, he’ll finish his career playing for only Nashville. The team now turns to Vezina candidate Juuse Saros while also having top prospect Yaroslav Askarov in the pipeline after spending the 11th overall pick on him in 2020.
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Edmonton Oilers Acquire Duncan Keith From Chicago Blackhawks
The Chicago Blackhawks and Edmonton Oilers have been working on a Duncan Keith trade for the past few weeks, and after a lengthy day of reports, the trade is final. Darren Dreger of TSN reports that the deal is complete, with the Blackhawks receiving Caleb Jones and a third-round pick. No salary was retained by Chicago. Mark Spector of Sportsnet reports that at one point in the talks, the Oilers tried to include Mikko Koskinen in order to clear some cap space, but he is not involved in the final deal. TSN’s Pierre LeBrun finally reported that Blackhawks prospect Tim Soderlund is headed to Edmonton as well. He also notes that the third-round pick is in 2022 and that it could turn into a second-round pick if Edmonton wins three rounds in the 2022 Stanley Cup Playoffs, and Keith is top-four among Edmonton defensemen in terms of ice time.
The veteran defenseman told Chicago last month that he wanted to go to the Pacific Northwest or Western Canada in any deal to be closer to his home in British Columbia. Moving Keith before the expansion deadline would allow the Blackhawks to protect an extra defenseman, something that seems absolutely necessary given their situation at this point.
Keith, 37, has two years remaining on his contract and carries a $5.54MM cap hit. The legendary defenseman will go down as one of the best to ever play for the Blackhawks, helping them to three Stanley Cup championships and suiting up more than 1,300 times. Keith has played more regular-season games than any other defenseman in Blackhawks history and trails only Stan Mikita for the overall lead. His 625 points during that time trail only Doug Wilson among Blackhawks defensemen.
Of course, his play has deteriorated some over the past few seasons, meaning the Oilers won’t be getting the same player that enjoyed so much success in Chicago. Keith will turn 38 on Friday and recorded a career-low 15 points in 2020-21. There’s little doubt that he can still play at the NHL level, but it’s hard to know exactly what Edmonton will be getting from the veteran. With that uncertainty, it seems likely that they would have been asking for the Blackhawks to retain at least a portion of his salary, though it did not occur.
The Oilers actually do have a little bit of cap room to play with this offseason, but that’s mostly thanks to so many players hitting unrestricted free agency. Tyson Barrie and Adam Larsson are pending UFAs, while Darnell Nurse, Ethan Bear, and Kris Russell are only signed through the 2021-22 season. That would mean Keith is coming aboard with the longest term left on the back end, matching the injured Oscar Klefbom‘s remaining two years. If it goes badly, the team is at least in a position to restructure their finances moving forward, though extensions for Larsson and Nurse could complicate those matters.
For Chicago, adding Jones is certainly an interesting factor, given their apparent interest in his brother Seth Jones who is also on the trade market. Even without a trade of that magnitude, moving Keith out will allow more opportunity for their other young defensemen and start the transition to the next wave of talent in the organization. Even at his age, Keith was still given more than 23 minutes a night, ice time that can be spread out among the team’s other options moving forward. Receiving some cap relief and a draft pick will also benefit the Blackhawks moving forward as they try to bridge the gap from their aging championship core to a new contending group.
Edmonton has struggled to find any playoff success during the Connor McDavid years, so bringing in Keith will certainly provide an experienced voice for the Oilers captain to lean on in the postseason. Whether that previous playoff success actually helps Edmonton find some in the future is certainly still to be seen, given Keith’s Blackhawks haven’t made it past the first round since 2015.
Remember, as with any trade in the coming days, there are expansion draft complications. While the Blackhawks will get an extra spot, Keith will now require protection by the Oilers thanks to a no-movement clause that will be carried over. Even with Jones going the other way and Larsson not yet signed, the team will likely now have to leave Klefbom exposed and hope the Kraken are scared off by his injury situation. Nurse and Ethan Bear would be the other two protection spots, unless a Larsson extension comes before the draft.
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Tampa Bay Lightning Win 2021 Stanley Cup Championship
For just the second time since the turn of the century, the NHL champion reigns for a second consecutive season. The Tampa Bay Lightning defeated the Montreal Canadiens 1-0 in Game Five at home on Wednesday night, cementing their back-to-back champion status after taking home the Stanley Cup in 2020 as well. Young Ross Colton scored the only goal of the game early in the second period and his teammates played tough defense to keep Montreal off the board for a shutout win to seal it.
The 2020-21 season was far different for the Lightning, though. In 2019-20, Tampa was a wire-to-wire favorite, leading the league in goals for and finishing second in goal differential, which earned them a share of the third-best record in the league. This year, the Lightning had their fair share of issues along the way, finishing only third in their own division and eighth overall in the league, falling to eighth in scoring and seventh in differential. Yet, in the postseason they were even better this time around than they were last year. In the 2020 playoffs, the Bolts recorded 3.08 goals for per game and 2.28 goals against per game, finished fifth in power play and penalty kill efficiency, and required extra time to win seven games. This year, Tampa Bay notched 3.26 goals for per game and led the postseason with 1.96 goals against per game, finished third and fourth respectively on the power play and penalty kill, and did not need overtime to win a single game.
Though it may not explain every difference between this season and last, it is hard to argue against the x-factor this season for the Lightning being Nikita Kucherov. Kucherov, the 2020 postseason scoring leader, missed the entire regular season after undergoing off-season hip surgery. While this cost Tampa one of the best players in the league, which could explain their regular season drop-off, the added salary cap space allowed the team to keep their championship roster together against all odds. Kucherov then returned to health in time for the playoff and again led the field in scoring – and by a wide margin. Having a fresh, energized Kucherov in the lineup was key to the Bolts’ success, especially as they faced several defensively skilled teams. While opinions differ on the integrity of how Tampa Bay managed Kucherov’s injury, the team stayed within the NHL’s rules and it led to a second consecutive title. While some may also argue that the Lightning’s back-to-back Stanley Cups came in the 2020 “bubble” playoffs and following a shortened 2020-21 season, it is difficult to see this roster not finding success under normal circumstances as well. Kucherov was followed in the 2021 playoff scoring race by four teammates – Brayden Point, Steven Stamkos, Victor Hedman, and Alex Killorn – to round out the top five, while Conn Smythe Trophy winner Andrei Vasilevskiy had the best goaltending numbers of the postseason and was clutch when it mattered most, including a shutout to clinch all four series. The likes of Ondrej Palat, Anthony Cirelli, and Ryan McDonagh were also phenomenal for Tampa.
As for the other Stanley Cup finalist, the efforts of the Montreal Canadiens were valiant and will not soon be forgotten. The team with the worst regular season record in the postseason stunned two top-five teams en route to a completely improbable and unforeseen trip to the championship round. They will get a chance at revenge soon – Tampa Bay and Montreal will be back together in the Atlantic Division again next season, alongside several other top teams.
Minnesota Wild Sign Joel Eriksson Ek To Eight-Year Extension
The Minnesota Wild have plenty of work to do this offseason when it comes to restricted free agents, but the team has scratched one name off the list. The team announced that they’ve signed Joel Eriksson Ek to an eight-year contract extension with an average annual value of $5.25MM ($42MM total). PuckPedia reports that the deal contains a no-move clause with a ten-team no-trade clause in the final five years of the contract and breaks down as follows:
2021-22: $3MM salary
2022-23: $3MM salary
2023-24: $6MM salary
2024-25: $9MM salary
2025-26: $7.5MM salary
2026-27: $6MM salary
2027-28: $4.5MM salary
2028-29: $3MM salary
Eriksson Ek, 24, really took his game to a new level this season, scoring 19 goals and 30 points in 56 games. That offensive production, while still valuable, doesn’t compare to the defensive play that the young center brings to the table. Eriksson Ek finished fourth in Selke Trophy voting this season and played an important role on both special teams.
Interestingly, over the last few weeks, it had looked like the Wild would wait on extensions for Eriksson Ek and fellow restricted free agent Kevin Fiala until they knew what kind of number Kirill Kaprizov was going to come in at. But with no clarity coming on Kaprizov’s situation. they decided to move forward with their young center anyway.
This extension buys out six years of unrestricted free agency for Eriksson Ek, but with such pedestrian numbers in his previous three seasons, it still comes in at a reasonable cap hit for a top-six center. Before this year, he had never scored more than eight goals in a single season and had just 66 points in his first 210 NHL games. Those numbers would have also come into play had Eriksson Ek gone to arbitration, even though this recent breakout would carry more weight but instead, it won’t get to that point with this long-term deal.
Michael Russo of The Athletic was the first to report that a long-term extension was close.
Andre Tourigny Named Arizona Coyotes Head Coach
After days of speculation suggesting that Andre Tourigny was the front-runner to take over as Arizona’s new head coach, the team made it official on Thursday, hiring Tournigny while signing him to a three-year contract. GM Bill Armstrong released the following statement:
“We are very pleased to name André as the new head coach of the Arizona Coyotes. André is a tremendous person and one of the best young coaches in the game today. He is a winner, a great teacher and a strong communicator who has a proven track record of developing young talent. We are confident that he is the right person to lead our team on the ice and we are thrilled to have him in our organization.”
While this is Tourigny’s first NHL head coaching job, it’s not his first time working in the league. Tourigny’s been an active coach since 1998, serving as an assistant coach with the Colorado Avalanche from 2013-2015 and with the Ottawa Senators in 2015-16.
Since then, Tourigny has been the head coach and vice president of hockey operations for the OHL’s Ottawa 67s, in which he’s seen great success. He’s coached recent highly touted prospects such as Marco Rossi and Jack Quinn en route to being one of the best teams in the league. He also served as the head coach for Canada’s U20 team at the World Juniors this year, winning a silver medal to add to his trophy case.
The Coyotes hope that a shift behind the bench can help propel the team to success sooner rather than later. Inconsistency on and off the ice has plagued the franchise for over a decade now, and they’ve made the playoffs only once since 2012. It may be a very different-looking team next year too, as forward Conor Garland finds himself in trade rumors. Tourigny will work to rehabilitate a roster that’s had a concerning lack of offense, and he’ll try to get more out of important players like Clayton Keller and Phil Kessel. A system more beneficial to Arizona’s offensively inclined players could unlock the next level for this team, something they’re hoping the Tourigny hire will do. He becomes the team’s seventh head coach since relocating from Winnipeg in 1996.
Craig Morgan of AZ Coyotes Insider was the first to report that Tourigny’s hiring had been finalized.
Los Angeles Kings Acquire Viktor Arvidsson
The NHL trade market has been slow to this point, with many teams wary of making big moves that could upset their plans ahead of the Expansion Draft later this month. However, a move was made today as Nashville announced that they have dealt scoring winger Viktor Arvidsson to Los Angeles. The Predators will receive L.A.’s 2021 second-round pick, No. 40 overall, and a 2022 third-round pick. Though the deal may lack excitement with none of the Kings’ high profile prospects going the other way, it is a solid return for Nashville, who need to restock their system. According to The Athletic’s draft pick value chart, the Kings’ second-rounder this year plus a presumptive top-half third-rounder next year is equivalent to a late first-round pick.
Arvidsson, 28, has cracked 30 goals and 60 points twice in his six-year NHL career, showing dangerous scoring ability. Even as his numbers have tailed off the past two seasons, he has maintained a half-point per-game scoring mark in all five of his full NHL seasons. It is also worth noting that his 6.6% shooting percentage this season was an extreme deviation from his career average. Positive regression likely means that more goals are on the way. Arvidsson is more than just his scoring totals, too. The undersized, but hard-working wing plays big minutes, contributes to both the power play and penalty kill, and is an excellent possession player.
[Related: Expansion Primers – Los Angeles Kings and Nashville Predators]
With all that said, Nashville was not wrong to be shopping Arvidsson. At times this past season, he seemed too passive and uninvolved. While he has still put up solid top-six numbers, the Predators have been relying on him as a top-line scorer and he has fallen short. It seems that both sides will benefit from this change of scenery. Nashville will certainly benefit from the expansion flexibility, cap space, and draft pick capital as they look to get back into Stanley Cup contender status after some up-and-down years.
As for the Kings, this is exactly what GM Rob Blake and company have promised their veteran core. The team plans to add established talent this year to help take their young team to the next level and to give their long-time centerpieces another chance to win. In a new place with and with a fresh group of teammates, Arvidsson could easily return to elite production. They had draft picks they could afford to move, the Expansion Draft slot to spare, and a desire to win and now they have a capable veteran in the fold as they look to get back into playoff contention.
Sportsnet’s Elliotte Friedman was the first to report that the Kings were acquiring Arvidsson.
Chicago Blackhawks Working On Potential Duncan Keith Trade
The Chicago Blackhawks are working on a potential trade for Duncan Keith, according to Elliotte Friedman of Sportsnet. The team and player are working together, Friedman tweets, to send the veteran defenseman somewhere he wants to go in the Pacific Northwest or Western Canada.
Keith, 37, was born in Winnipeg but grew up in Penticton, British Columbia, where he played junior hockey before going to Michigan State. He has spent his entire NHL career to this point in Chicago, and has two years left on his current deal which carries a cap hit of $5.54MM. Notably, though the cap hit is hefty, he’s only actually owed $3.6MM in salary over the final two years. As Brian Hedger of the Columbus Dispatch tweets, there had been reports in the past that Keith would only waive his no-trade clause to end up in Western Canada or “out in that direction.”
Of course, there is a new NHL team just about to start play in that area of the continent. The Seattle Kraken are arriving in the NHL next season and happen to be just about a six-hour drive from Penticton, though Friedman does not specifically state which teams are interested in the veteran defenseman.
If it is the end of the line for Keith in Chicago, it has been quite a run. Selected 54th overall in 2002, he had to work his way through college, the WHL, the AHL and a lockout before eventually making his debut in the 2005-06 season. He immediately became a regular for the Blackhawks and would quickly become a core piece for a franchise that would go on to win three Stanley Cup championships. He won the Norris Trophy twice as the league’s best defenseman, took home the Conn Smythe in 2015 as playoff MVP (after scoring the Cup-clinching goal) and won two Olympic gold medals for Team Canada.
There’s almost nothing left to accomplish in Chicago and with the Blackhawks transitioning to a younger group, his cap space could be used elsewhere. That’s not to say he’s irrelevant, however, as Keith still averaged over 23 minutes a night and could be a valuable addition, even if his best days are behind him. That kind of experience could be especially helpful for an expansion team like Seattle, who will be trying to get their feet wet with a group collected from around the league.
For the Blackhawks, who have been linked to Jack Eichel among other high-end targets this offseason, moving Keith would not only open up some cap space, but also minutes for their young defense corps. Players like Ian Mitchell, Adam Boqvist, and Nicolas Beaudin will all be vying for more playing time moving forward and without Keith there eating up 23 minutes a night, there will be plenty to go around. The other big benefit from moving him off the roster before the expansion draft is freeing up a protection slot, as currently the Blackhawks would be required to protect him because of his no-movement clause.
That doesn’t mean the team improves with him gone, but there was going to have to be a parting of ways at some point in the future–if Keith is on board, it might as well be now.
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Jonathan Toews Skating, Expects To Play In 2021-22
This season, the Chicago Blackhawks were playing without a captain. Jonathan Toews left the club with a mysterious medical condition, one that was never explained by the organization. Now, several months later, Toews has released a video telling fans exactly why he was gone and how excited he is to get back on the ice.
So what they are calling it was Cronic Immune Response Syndrome, where I just couldn’t quite recover and my immune system was reacting to everything I did. Any kind of stress, anything I would do throughout the day, had a stress response. So I took some time. That was the frustrating part, not knowing how or when we were going to get over the hump.
Toews is back on the ice in Chicago preparing for the 2021-22 season.
Without him, the Blackhawks finished the season with a 24-25-7 record and missed the postseason once again. It has been six years since Chicago last won a playoff round (not counting last year’s bubble qualifications), though that 2015 run ended in the Stanley Cup. The team has undergone quite a bit of transformation in that time, but the trio of Toews, Patrick Kane, and Duncan Keith remain on the roster trying to reach their previous heights.
Like in Montreal, where GM Marc Bergevin explained previously that he wanted to retool in time for Shea Weber and Carey Price to still be relevant instead of complete a full rebuild, the Blackhawks seem poised to try and compete for the playoffs again in 2021-22, not tear it down. A return to form from Toews would be integral to any success, especially considering how good he has been in recent years. During the 2018-19 season he recorded a career-high 35 goals and 81 points, and in the COVID-shortened 2019-20 campaign he added 60 points in 70 games.
Even if you hate the Blackhawks, it was hard to see Toews on the sideline and wonder what kind of medical issue he was dealing with. Hopefully, this can be put behind him or at least managed well enough to see him back on the ice next season.
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Buffalo Sabres Hire Don Granato As Head Coach
It seems the Buffalo Sabres had their next head coach right in front of them all along. After an exhaustive search, Sabres GM Kevyn Adams has announced that Don Granato will lose his interim tag and become the next full-time head coach of the Sabres, signing a three-year contract.
Granato, 53, has actually been with the Sabres since the beginning of 2019-20, coming over from the Chicago Blackhawks after Joel Quenneville made his exit. It wasn’t until partway through this season that he got his first opportunity to serve as head coach in the NHL though, taking over when Ralph Krueger was fired in March. The Sabres were on a 12-game losing streak at the time, and though they certainly didn’t turn things around completely, there was far more competitiveness out of the group under Granato down the stretch.
In 28 games behind the Buffalo bench, Granato posted a 9-16-3 record, still not good enough to come anywhere close to the playoffs. But it’s the way the players seemed much more engaged that is encouraging, at least for a franchise that will grab onto any grain of hope at this point.
This isn’t Granato’s first time as a head coach overall. He led the USNTDP for several years and was a head coach of both the Worcester IceCats and Chicago Wolves in the AHL. He has led several junior-aged iterations of Team USA internationally, leading the U18 squad to gold in 2015. He’s also part of quite the hockey family. His brother Tony Granato played 773 games in the NHL and is now the head coach at the University of Wisconsin. His sister Cammi Granato is in the Hockey Hall of Fame after an incredible playing career that included Olympic gold, and her husband, Ray Ferraro, scored over 400 goals in a 1,258-game NHL career.
There is certainly a lot of encouraging signs with the hire of Granato, but that doesn’t mean it comes without risk. Once again, the Sabres are going with a rookie head coach to try and bring together a group that has had zero success over the past decade. Once again, it’ll mean his biggest task will be developing the top-end prospects that litter the organization, turning them into real difference-makers at the NHL level. There is certainly no guarantee he can accomplish that, even if the last few months of the season were better than under his predecessor.
Darren Dreger of TSN was first to break the news that Granato would get a multi-year deal.