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NHL Agrees To Olympic Participation

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The NHL is going to the Olympics. The league sent out a memo to players today (via John Hoven of SiriusXM NHL) outlining their agreement with the IIHF and IOC to send NHL talent to the 2022 Olympic Winter Games in Beijing, China. There has been a break built into the schedule, allowing for players to depart North America on February 6. As Elliotte Friedman of Sportsnet reports, the league retains the right to withdraw participation if the COVID situation worsens or if their regular schedule has been disrupted by outbreaks, leaving no room to reschedule games.

The 2022 Games will be the first true best-on-best action since 2016, when the World Cup was held just prior to the start of the season. This will be the first time the NHL has participated in the Olympics since 2014, when Canada defeated Sweden for the gold medal. The tournament scoring leaders that year were Phil Kessel and Erik Karlsson, two players that would be hard-pressed to repeat that feat this time around.

Olympic participation was one of the sticking points in last summer’s CBA negotiation, though the league only agreed to work as hard as possible to find an agreement with the IIHF and did not guarantee the NHL would go. They have proven true to their word, securing insurance for the players at the cost of the IIHF. There is no COVID-related insurance, according to the memo, but the IIHF has created a $5MM fund to help cover lost NHL salaries for any athlete that contracts COVID at the event (provided they were following protocols at the time).

One note that may be of interest is the size of the rink. The Games will be played on regulation NHL-sized rinks and officiated by NHL referees and linesmen.

Philadelphia Flyers Extend Joel Farabee

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The Philadelphia Flyers have inked a long-term deal with one of their young breakout stars, signing Joel Farabee to a six-year extension. The contract will come into effect for the 2022-23 season and keep Farabee signed through 2027-28. Currently on the last season of his entry-level contract, the extension will carry a $5.0MM average annual value. PuckPedia reports that the deal does not include any trade protection and provide the full breakdown:

  • 2022-23: $1.0MM salary + $2.0MM signing bonus
  • 2023-24: $2.25MM salary + $2.0MM signing bonus
  • 2024-25: $3.0MM salary + $2.0MM signing bonus
  • 2025-26: $4.25MM salary + $1.5MM signing bonus
  • 2026-27: $6.0MM salary
  • 2027-28: $6.0MM salary

Farabee, 21, experienced a true breakout this season, scoring 20 goals and 38 points in 55 games for the Flyers. That perhaps should have been the expectation though after his strong rookie campaign, which saw him post 21 points in 52 games before playing well in the postseason bubble. The 14th overall pick from 2018, Farabee is quickly making teams regret not selecting him higher. He now sits third in goals from that draft class behind only Brady Tkachuk and Andrei Svechnikov despite having played just 107 NHL games to this point.

An extension this early and for this much is a bet that the 2020-21 Farabee wasn’t an illusion and that he will only continue to get better in the years to come. The deal buys out two years of unrestricted free agency and means the Flyers never have to deal with another RFA negotiation or arbitration with the young forward. It also means that there is a real opportunity for excess value in those years if Farabee continues on his strong development path.

Signing a deal of this length now could very well be leaving money on the table, but it obviously gives Farabee security and peace of mind. He gets a good salary for the prime years of his career and will hit the open market with plenty of time to sign another multi-year deal. Any savings he provides can also be used to make the Flyers better over his contracted period, giving him a supporting cast that can help contend.

The Flyers will need those savings too, as they move forward with long-term deals for aging veterans. Sean Couturier recently signed an eight-year extension that will pay him $7.75MM through 2029-30, while Ryan Ellis is entering just the third season of his own eight-year deal that carries a cap hit of $6.25MM. If the Flyers re-sign captain Claude Giroux before he hits unrestricted free agency next summer he too will be an expensive ticket, meaning every dollar they can save on a deal like Farabee’s is important.

Of course, there is always risk when signing a deal of this length as well. There’s no guarantee that his performance this year is indicative of what he’ll provide over the entire deal, and he could always regress or suffer injuries. Still, betting on a 21-year-old who has shown he can be a 20-goal scorer in a shortened season is a pretty worthwhile gamble.

Colton Parayko Signs Eight-Year Extension

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The St. Louis Blues have locked up one of their best players, signing Colton Parayko to an eight-year extension. The new contract will start in the 2022-23 season and keeps Parayko in St. Louis through 2029-30. The big defenseman will carry an average annual value of $6.5MM on the new deal, which totals $52MM. Parayko explained just what made him sign now:

I can’t wait to wear the Blue Note for another nine years. St. Louis has been my home now for six seasons, and this is where I want to be. All the relationships I’ve gained, the teammates I’ve had, and the organization have all had a big impact on me. Winning here in 2019 was special, and I want the chance to stay here and do that again.

Andy Strickland of Bally Sports Midwest provides the full breakdown:

  • 2022-23: $7.25MM
  • 2023-24: $8.0MM
  • 2024-25: $8.0MM
  • 2025-26: $8.0MM
  • 2026-27: $6.35MM
  • 2027-28: $4.8MM
  • 2028-29: $4.8MM
  • 2029-30: $4.8MM

Parayko, 28, was entering the final season of a five-year, $27.5MM deal he signed in 2017 and could have become an unrestricted free agent next summer. The team seems to have created something of an internal cap, as his new deal will match the AAV of both Justin Faulk and Torey Krug at $6.5MM. That may actually represent a bargain for Parayko, though he hasn’t quite taken the step forward that many expected over the last few seasons.

Standing an imposing 6’6″, the 2012 third-round pick has everything you want in an NHL defenseman. He’s big, physical, can skate well, and has an incredibly accurate shot from the point. There’s no doubting his value to the Blues, which was perhaps demonstrated best in 2019 when he averaged more than 25 minutes a night during the Blues Stanley Cup run. But there also hasn’t been that giant leap offensively that some were expecting, with just 40 points combined over his last two seasons (96 games).

That’s not to say it couldn’t still happen, but Parayko appears to have settled in as a rock-solid top-four option, instead of a true number one defenseman. This deal represents exactly that, as he’ll be paid quite a bit less than some of the other pending free agent defensemen that have re-upped this summer. Still, getting an eight-year term is huge for Parayko, who could very well ride this contract through to the end of his career.

He’ll be 37 when the extension ends, which is where this contract brings plenty of risk for the Blues. Though he’s an extremely important player right now and very likely could have received a higher AAV on the open market, they’re going to be paying him as a top-four option throughout his decline phase and even into his late-thirties. That’s the price you pay for extra flexibility now, when GM Doug Armstrong believes his team can still compete for the Stanley Cup.

In fact, when you consider that Krug (30) and Faulk (29) are heading into just the second year of their own seven-year deals, this is a blueline that is going to be testing the limits of the aging curve in the NHL. All three players are going to carry a $6.5MM well into their thirties, meaning the time is now to strike at a league championship.

The Blues now have nearly $70MM already committed to just 14 players for the 2022-23 season, though Vladimir Tarasenko’s deal is still expected to be traded at some point. Armstrong went out and landed Brandon Saad and Pavel Buchnevich this summer to add to the group, pushing his chips to the middle even if a few years down the road might look a little more difficult.

Photo courtesy of USA Today Sports Images

New York Islanders Sign Four Players

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The New York Islanders have officially announced multi-year contracts for Anthony Beauvillier, Casey Cizikas, Kyle Palmieri, and Ilya Sorokin. Though they have not released any further information, some details had been previously reported. The deals are expected to be:

  • Beauvillier – 3 years, $4.15MM AAV
  • Cizikas – 6 years, $2.5MM AAV
  • Palmieri – 4 years, $5.0MM AAV
  • Sorokin – 3 years, $4.0MM AAV

Beauvillier, 24, already has five full seasons under his belt in the NHL after being the 28th overall pick in 2015.  During that time he has been one of the team’s most consistent offensive producers, racking up at least 15 goals and 28 points in each of the last four seasons. This year those totals were hit in just 47 games, giving him a strong 26-goal pace over a full 82-game season. While those numbers don’t jump off the page, in an Islanders system that suppresses scoring on both sides, it represents a very important player.

In fact, Beauvillier was fourth on the team in goals this season and one of the players ahead of him, Jordan Eberle, is now a member of the Seattle Kraken. That means there will likely be even more offensive opportunities for Beauvillier moving forward, especially with a new $4.15MM cap hit in place. That number moved him into sixth among forwards on the New York roster until Palmieri trumped it with his $5MM AAV.

For Cizikas, 30, a six-year deal essentially buys out the rest of his career, given the physical, in-your-face style that he brings to the rink every night. That kind of play is exactly why he fits so well in the bottom of the Islanders lineup, but it’s also not likely he could have secured that term elsewhere. The simple fact is that Cizikas can’t really play up in a lineup, but that doesn’t matter in New York where he is an essential part of their four-line structure. He’s relied on for important faceoffs and gets pummeled with defensive zone starts, given one of the hardest deployments in the entire league. All of that leads to poor overall possession numbers and just a handful of points every year, but there’s no doubt that the Islanders value him just as much as anyone else on their team.

Palmieri meanwhile is the newest member of the group, having only made his Islanders debut in April. He played 17 games down the stretch for the team after a midseason trade from the New Jersey Devils, and scored just two goals. It looked like that trade may have been a mistake until the moment the Islanders took the ice in the postseason, where Palmieri showed up and scored seven goals in 19 games. There’s obviously a history between the 30-year-old forward and New York GM Lou Lamoriello, who originally traded for him in New Jersey, and this new deal secures the last big payday of Palmieri’s career.

Overall, he is coming off his worst offensive season in some time, having scored just ten goals and 21 points in 51 games. Those numbers are a far cry from the consistent 25-30 goal man he had been over the previous five seasons, and it’s that production that the Islanders are hoping to return. The thing about Palmieri, like basically every other player on the Islanders roster, is that he is also a capable defensive forward that drives possession at both ends of the rink. He fits perfectly into their structure and with a full training camp could very well become one of the team’s most important players next season.

Speaking of important players, the 26-year-old Sorokin was an interesting case to follow this offseason. After a brilliant rookie season that saw him post a .918 save percentage in 22 appearances, he could have potentially filed for salary arbitration as an RFA. When he didn’t, there was technically a possibility he could sign an offer sheet somewhere else, though that speculation was misguided from the start. A deal with the Islanders was likely signed some time ago, and Sorokin will now be locked up for three years at a reasonable amount. While he has just a handful of NHL starts under his belt, there’s a much larger body of work to rely on when evaluating the 6’3″ netminder.

Selected in the third round in 2014, Sorokin stayed in Russia until 2020, playing season after season in the KHL. In fact, he completed seven full years at the professional level there, starting as a teenager and quickly becoming one of the league’s most dominant goaltenders. There is little doubt that he can be a starting-level option in the NHL, which he proved once again with seven games in the postseason. Sorokin posted a .922 in those playoff appearances, a number he’ll likely add to as this contract progresses.

At $4MM though, he actually still comes in below partner and friend Semyon Varlamov who will continue to take some of the load. The Islanders will be spending $9MM combined on their goaltending tandem, but it should be one of the best in the league.

Even with all of these new deals in place, the Islanders are expected to have more up their sleeves. Zach Parise and Travis Zajac for instance have also been linked to the team, though it’s a complete guess as to when they would potentially announce those deals, if signed.

Chris Johnston of Sportsnet tweeted details on each contract. 

Hurricanes Tender Offer Sheet To Canadiens’ Jesperi Kotkaniemi

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The old adage surrounding offer sheets is that if one team messes with another team’s restricted free agents, they open themselves up to attack as well. After the Montreal Canadiens tendered an offer sheet to Carolina Hurricanes star Sebastian Aho two years ago, they are now facing the consequences. The ’Canes have returned the favor, announcing (in French at that) they have extended an offer sheet to Habs’ center Jesperi Kotkaniemi, which he has signed. The offer is for one year and $6,100,015. If you thought this wasn’t all about retribution, here is the kicker: the deal also includes a $20 signing bonus – Aho’s jersey number. Also this. The Canadiens have seven days to respond. They would receive first- and third-round picks if they elect not to match.

There are of course salary cap implication aplenty with this offer sheet. Kotkaniemi’s $6.1MM AAV would put Montreal approximately $8.38MM over the salary cap for 22 players with their expected LTIR relief from Shea Weber only coming in at $7.86MM. In order to match the offer sheet, the Canadiens will have to shed salary this season, enough to fit the overage and another player to round out the roster. Perhaps even more importantly, their starting number for negotiations with Kotkaniemi again next off-season begins with a $6.1MM qualifying offer. For a team with numerous expensive, long-term contracts, that simply may not be palatable. Of course, the Hurricanes face these same risks. The team would go approximately $1.52MM over the salary cap by adding Kotkaniemi, albeit with a full 23-man roster. They also could easily open up the space if they opt to again waive defenseman Jake Gardiner and his $4.05MM cap hit. The more pressing question then is whether Kotkaniemi lives up to his cap hit, which will also serve as his new QO. At the cost of a first and a third, Carolina will want to make sure Kotkaniemi is not just a one-year rental.

This all boils down to how much the Habs value Kotkaniemi, as the Hurricanes – while they had ulterior motives – clearly felt that the $6.1MM cap hit was warranted for the 21-year-old forward. Kotkaniemi, the third overall pick in 2018, has certainly shown flashes of star power. While his regular season numbers are unspectacular with 62 points in 171 NHL games, his playoff production has been stellar with nine goals and twelve points in 29 games. And while Kotkaniemi is still working on some of the fundamentals of the center position, he is a phenomenal possession player and is starting to fill out his frame and become a more physical presence. Kotkaniemi’s value is all about upside at his age. Both teams certainly see it, but only one team has ponied up the cost thus far (at least for one year). All but one offer sheet has been matched since the turn of the century. Will Montreal follow suit?

Though one of the most entertaining stories in roster building in recent memory, and not just in hockey, Carolina’s vicious response to Montreal’s attempted poaching of Aho two years ago is only likely to further deplete the likelihood of offer sheets, which are already considered a MacGuffin to most. Enjoy this while it last, it could be the final one for some time.

Philadelphia Flyers Extend Sean Couturier

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The Philadelphia Flyers have signed star center Sean Couturier to an eight-year contract extension that will start in the 2022-23 season. Couturier has one more season on his current deal and would have been an unrestricted free agent next summer. The new extension will carry an average annual value of $7.75MM and runs through 2029-30. Stephen Whyno of the Associated Press reports that it will include a full no-movement clause in the first seven years, and a Couturier will be required to submit a 10-team trade list in the final season. Flyers GM Chuck Fletcher released a statement on the deal:

We are excited to announce Sean’s long term extension with the Flyers today. As one of the premier two-way centers in the NHL, Sean has the rare talent to shut down opposing team’s top players while also contributing at a high offensive level. Throughout his 10 year career with the Flyers, he has proven to be the ultimate teammate. He carries an enormous presence inside our dressing room due to his preparation, determination and drive to win.

CapFriendly provides the full contract breakdown:

  • 2022-23: $1.75MM salary + $6.0MM signing bonus
  • 2023-24: $4.0MM salary + $5.0MM signing bonus
  • 2024-25: $4.0MM salary + $5.0MM signing bonus
  • 2025-26: $4.0MM salary + $5.0MM signing bonus
  • 2026-27: $1.75MM salary + $6.0MM signing bonus
  • 2027-28: $1.5MM salary + $5.0MM signing bonus
  • 2028-29: $1.5MM salary + $5.0MM signing bonus
  • 2029-30: $1.5MM salary + $5.0MM signing bonus

There’s absolutely no doubt that Couturier is one of the Flyers’ most important (if not the most important) players, and every day that passed was getting him closer to unrestricted free agency. Still, this is a huge commitment for the Philadelphia front office, given that he’ll turn 30 just a few months into the first year of the extension.

Currently 28, Couturier is one of the most effective two-way centers in the entire league and took home the Selke Trophy as the league’s best defensive player in 2020. He has received votes for the award in nine of ten seasons and has been a finalist in the past. When his offense took a huge step forward in 2017 it turned him from a strong checking forward to a true top-line center, capable of near point-per-game production. He has hit the 30+ goal mark twice, posted a career-high of 76 points in two seasons, and registered 41 points in 45 games this year. There are only a handful of players in the league who can impact the game as much as Couturier, given how effective he is in all three zones.

Still, while this deal may be a bargain in the next few years, it’s hard to expect Couturier to keep up his level of play throughout. He’s now signed for the entire decade and already has more than 700 NHL games under his belt playing a relatively physical style of hockey. There’s no telling what his decline phase will look like, but a deal of this length could become an issue if his offensive production falters even a little bit.

That’s a problem for the future though, as the Flyers try to capitalize on this core and compete for the Stanley Cup. The team went out and revamped the defensive group, bringing in Ryan Ellis, Rasmus Ristolainen and Keith Yandle this offseason, and swapped a pair of veteran forwards by sending Jakub Voracek to the Columbus Blue Jackets for Cam Atkinson. With Claude Giroux signed for just one more season, James Van Riemsdyk under contract for just two, the time is now for the Flyers to strike.

The $7.75MM cap hit ties him with young Andrei Svechnikov, who signed a deal with the Carolina Hurricanes earlier today, for the 49th highest in the league for 2022-23. He will likely be knocked a few spots down by other extensions and contracts, but that’s likely a number that Couturier could have eclipsed on the open market, had he waited. That obviously wouldn’t have come with the eight-year term though, something that likely gives him security through the end of his career.

Photo courtesy of USA Today Sports Images

Carolina Hurricanes Sign Andrei Svechnikov

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The Carolina Hurricanes have worked out a deal with one of their most important players. Andrei Svechnikov, a restricted free agent this summer, has signed an eight-year contract with the Hurricanes that will carry an average annual value of $7.75MM. GM Don Waddell released a statement on the deal:

Andrei is one of the cornerstones of this organization, and we are thrilled to reach a long-term commitment to keep him here. He is one of the brightest rising stars in our sport, and will play a key role in our efforts to bring the Stanley Cup to the Triangle this decade.

The contract contains a modified no-trade clause (Svechnikov will submit a list of ten teams he can be traded to) in the four unrestricted free agent years that it buys out, and the full salary breakdown is as follows:

  • 2021-22: $2.0MM salary + $4.0MM signing bonus
  • 2022-23: $7.0MM salary
  • 2023-24: $9.0MM salary
  • 2024-25: $9.0MM salary
  • 2025-26: $10.0MM salary
  • 2026-27: $7.0MM salary
  • 2027-28: $6.0MM salary
  • 2028-29: $8.0MM salary

Since being the second-overall pick in 2018, Svechnikov has done what he always does–score. The 21-year-old forward has 59 goals and 140 points in 205 career games, including a strong 42-point effort in the shortened 2020-21 campaign. His size, skill, and skating ability make him a threat all over the ice, carrying the puck through the neutral zone or battling in front of the net for space. It’s hard to find many more well-rounded wingers in the league, and Svechnikov appears to be just scratching the surface of his offensive upside.

While this may seem like a huge salary for a player coming out of his entry-level contract (and it is), the deal represents a ton of security for the Hurricanes. They now have their young star locked in through basically all of his prime years at a relatively reasonable price. Skipping a bridge deal means that they won’t get any savings over the next two or three seasons, but buying out four UFA seasons is a big win for the Hurricanes. They can now move forward knowing exactly how much their top forwards cost. Sebastian Aho and Teuvo Teravainen both have three years left on their respective deals.

Not that Svechnikov is missing out. The young forward will have the 49th highest cap hit in the NHL this season, and though that will drop down a few pegs as he moves forward and other players ink more expensive deals, he’s still being paid quite handsomely. If he does turn into the 40-goal, MVP-type that some believe he can be, it will be a steal for the Hurricanes. But more likely is that he’s paid appropriately for his impact and the team can build around him as the salary cap gets back on track.

This deal will be used as a comparable by other restricted free agents around the league, though the player agents may not be very excited about it. Brady Tkachuk, for instance, who was drafted just two spots after Svechnikov in 2018 and has similar offensive numbers through the first part of his career, is also an RFA with the Ottawa Senators.

The Hurricanes though are now finished with their RFA negotiations, meaning they have certainty over their cap situation for 2021-22. They currently project to have a little more than $4.5MM, meaning they could potentially go after another UFA or target a bigger contract in trade.

Photo courtesy of USA Today Sports Images

Flyers Agree To Terms With Travis Sanheim

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There won’t be an arbitration hearing this year after all.  Flyers defenseman Travis Sanheim was the last arbitration-bound player without a contract but that has changed as Sportsnet’s Elliotte Friedman reports (Twitter link) that the blueliner has agreed to a two-year deal with a $4.675MM AAV. PuckPedia reports that the structure of the deal is as follows:

2021-22: $4MM salary
2022-23: $5.35MM salary

The 25-year-old inked a two-year bridge contract two summers ago coming off a career-best 35-point season and at the time, it was expected that he’d continue his ascent and ideally become a top-pairing-caliber blueliner for Philadelphia.  That didn’t exactly happen, however.  In particular, Sanheim struggled last season, notching just 15 points in 55 games despite logging 21:53 per game (also a career-high) with some struggles in his own end.  There is no doubt that Sanheim is still a big part of their future but the exact role isn’t as certain as it appeared to be.

That’s where this deal comes in.  The two-year term basically amounts to a second bridge deal, allowing both the Flyers and Sanheim more time to assess his long-term value and role.  Notably, it also walks him to unrestricted free agency in 2023.  That’s hardly an ideal scenario for Philadelphia but when they elected to take him to arbitration earlier this month, it created the situation for this to happen as Sanheim simply could have elected the two-year term and taken his chances with the arbitrator.  They get to avoid the hearing with this contract but he’ll still be able to hit the open market in his first eligible year.

Sanheim should remain behind Ivan Provorov on the left side of a new-look Philadelphia back end that now features Ryan Ellis who was brought in from Nashville plus veteran Keith Yandle to replace the offense that Shayne Gostisbehere provided as he was moved in a cap-clearing move to Arizona.

There won’t be any more shakeups coming for the Flyers, however, at least not without matching money.  This move basically eats up all of their remaining cap space and will likely see them carrying less than the maximum of 23 skaters to start the season.  But with the changes on the back end and the addition of Cam Atkinson up front, GM Chuck Fletcher got the core shakeup he wanted and with Sanheim signing, has his full roster under contract.  Will it be enough to get back to the playoffs in what projects to be a tight Metropolitan Division?  We’ll find out soon enough once the season gets underway.

Photo courtesy of USA Today Sports Images.

Nashville Predators, Juuse Saros Avoid Arbitration

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The Nashville Predators and starting goaltender Juuse Saros have reached a new agreement, signing a four-year, $20MM contract. The two sides had an arbitration hearing set for Wednesday, which will no longer be required. Adam Vingan of The Athletic provides the full breakdown:

  • 2021-22: $4.0MM
  • 2022-23: $5.0MM
  • 2023-24: $6.0MM
  • 2025-26: $5.0MM

The contract does not have any trade protection, despite buying out three years of unrestricted free agency for the 26-year-old goaltender. Saros experienced a real breakout this season, showing he could be the team’s full-time starter by appearing in 36 games and posting a .927 save percentage. He finished sixth in voting for the Vezina Trophy and even received some Hart Trophy consideration. Predators GM David Poile released a statement on the contract:

Juuse has proven himself as one of the best young goaltenders in the NHL, and we are very pleased to have him remain our No. 1 goaltender for years to come. While being mentored by Pekka Rinne, he has spent the last several seasons growing and taking steps physically and mentally to become a top goalie in this League, as evident by his spot on the NHL’s All-Rookie Team in 2017-18 to finishing near the top of Vezina Trophy voting this past season. Juuse gives our team a chance to win in every game he plays, and we feel confident that with him leading the tandem we’ve established with David Rittich, our goaltenders will be a large part of our success in 2021-22.

Even though this may have been the first year Saros was recognized on a national scale, Predators fans will know just how good he’s been since entering the league. As a 21-year-old rookie he posted a .923 in 21 games and has continued at a high level while playing backup to Nashville legend Pekka Rinne. Among goaltenders with at least 150 NHL appearances, he sits sixth all-time with a .920 save percentage.

With Rinne now retired and completely out of the picture, Saros will be asked to carry a heavy load. The team brought in David Rittich on a one-year, $1.25MM deal to serve as the primary backup, but there’s little doubt the newly extended Saros will get the bulk of the work.

The contract actually appears to be quite the bargain for the Predators, considering some of the other goalie deals that have been handed out recently. Linus Ullmark received the same four years and $20MM, for instance, but also negotiated a full no-movement clause in the first two seasons and a modified no-trade clause in the final two. While Ullmark was a UFA already, a year ahead of Saros, his numbers are also nowhere near as strong or as established.

Igor Shesterkin actually got a much higher contract, despite being two years away from UFA status and having just 47 games under his belt. While the Rangers netminder has been outstanding in the early going, his four-year, $22.67MM deal shows the haircut that Saros accepted on this new contract.

There are other extenuating circumstances to all of these negotiations, but this one seems like a win for the Predators, who have no shot of competing without high-level goaltending. The team has struggled to score for years now and has several bloated, underperforming, high-priced contracts on the books upfront. With Saros signed for $5MM, the team can allocate some extra money elsewhere to try and round out the roster.

Elliotte Friedman of Sportsnet broke the contract terms. 

Photo courtesy of USA Today Sports Images

Minnesota Wild, Kevin Fiala Avoid Arbitration

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With an arbitration hearing just a day away, the Minnesota Wild and Kevin Fiala have come to an agreement. The two sides have settled on a one-year, $5.1MM contract almost exactly the midpoint between their two arbitration filings. Fiala had asked for a one-year, $6.25MM contract, while the team had countered with a $4MM deal. The two sides will no longer need the hearing tomorrow.

The 25-year-old Fiala will still be a restricted free agent next summer, but will require a qualifying offer equal to this $5.1MM salary in order for the Wild to retain his rights. He will also be arbitration-eligible once again, meaning a raise is actually a possibility. It was a bet on himself to sign a one-year deal, after becoming one of the most important players on the Wild roster. Over the past two seasons, Fiala has 43 goals and 94 points in 114 games while continuing to post outstanding possession numbers. Though some of that offensive success is due to the deployment the team has offered, there’s no doubting Fiala’s raw talent.

It was Paul Fenton, the oft-ridiculed former GM of the Wild who brought Fiala to Minnesota in a trade for Mikael Granlund a little over two years ago. In terms of offensive contribution, Fiala has been much more effective, yet the two will now head into next season earning almost the same salary. Granlund signed a new four-year, $20MM deal with the Nashville Predators this offseason to continue his strong two-way play, while Fiala will be relied on as the “game-breaker” that Fenton called him when defending the move.

With Kirill Kaprizov still to sign, the Wild have plenty of work to do, but they can now be certain in their financial structure. The team still has more than $13MM in cap space this season, and though things will get tight in the future when the harsh penalties from Zach Parise and Ryan Suter’s buyouts kick in, they at least know they can fit everyone in for 2021-22. A long-term deal for Fiala would have made that more difficult, as buying out UFA years would have sent the average annual value of Fiala’s deal skyrocketing. Despite only turning 25 last month, Fiala has five seasons under his belt already, meaning he’ll be an unrestricted free agent after the 2022-23 season.

Elliotte Friedman of Sportsnet broke the news on Twitter

Photo courtesy of USA Today Sports Images

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