Ryan Callahan Diagnosed With Degenerative Disc Disease
The Tampa Bay Lightning do not have to trade Ryan Callahan anymore. The team has placed the veteran forward on long-term injured reserve with degenerative disc disease of the lumbar spine. He is not expected to play professional hockey again. Tampa Bay GM Julien Brisebois put out a statement through team reporter Caley Chelios:
He’s such a proud competitor, such a fierce competitor. I know he was planning to not only play out this contract, but sign another contract after that. We had multiple conversations in the second half of the season about his future, so that was very sad news for him.
Callahan, 34, was heading into the final year of his current contract that carries a $5.8MM cap hit, but held a no-movement clause and partial no-trade clause. Even with that trade protection he seemed destined to be moved this summer to clear room for the Lightning to sign a group of restricted free agents including Brayden Point. That won’t be happening anymore, as instead the team will use the added flexibility created from placing him on LTIR (far from a perfect solution, as CapFriendly details here). Callahan will still earn the $4.7MM left on his deal, though likely part or all of it will be paid out by insurance.
He won’t retire until his contract is officially over, but this marks the end of an exceptional career for Callahan. Not known as an exceptional talent in junior, Callahan dropped to the fourth round in 2004 where the New York Rangers picked him 127th overall. His hard-nosed style and work ethic was enough to get him selected, and he would eventually grow into a dominant offensive piece for the Guelph Storm. Upon graduating to the AHL, Callahan’s game translated perfectly to the professional scene and he recorded an outstanding rookie season with the Hartford Wolf Pack, scoring 35 goals and 55 points in just 60 games.
Eleven more AHL games the next season and that was it for the scrappy forward, who joined the Rangers and quickly became a huge part of their core. In his first full season in the NHL he recorded 22 goals and was an alternate captain by 2009. Taking home a silver medal in the 2010 Olympics, Callahan would suit up again for Team USA in 2014. As captain of the Rangers he was dealt to the Lightning that year, where he has been ever since.
386 points, 428 penalty minutes and 757 games played will be Callahan’s regular season totals, a career defined by the willingness to do anything to win. Unfortunately he never did get to raise the Stanley Cup, despite 121 playoff games to his name.
Photo courtesy of USA Today Sports Images
Alex Edler Re-Signs With Vancouver Canucks
The Vancouver Canucks and Alexander Edler have finally agreed upon a new deal. The veteran defenseman has re-signed with the Canucks on a two-year contract worth a total of $12MM. GM Jim Benning released a statement on the signing:
Alex is important to our team and has played as the cornerstone of our defence throughout his career. He’s a leader with tremendous experience, plays important minutes and contributes to every part of our team game. We’re very pleased for Alex and his family that he’ll continue his career as a Vancouver Canuck.
After reports had surfaced yesterday that the two sides had finally found a solution on the biggest sticking point—Edler did not want to be exposed in the upcoming Seattle expansion draft—many expected the deal to be three or four years in length but not include a no-movement clause. Instead, the two sides have come to an agreement that will see the veteran defenseman hit the open market in 2021. While that technically leaves him open to being selected in the draft—expansion clubs are allowed to take a certain number of pending free agents—he would never have to actually play for Seattle if he didn’t want to.
By keeping the term short, Benning did need to offer a fair amount of money. Edler will actually get a raise on the $5MM cap hit he carried for the past six years, and once again becomes the most expensive defenseman on the Canucks roster. In fact, his $6MM cap hit matches Loui Eriksson as the highest on the team, though restricted free agent Brock Boeser may have something to say about that in the coming days.
Unlike Eriksson though, Edler is still an effective piece for the Canucks moving forward. While he has deal with injuries in almost every season of his career, he still is an excellent puck-moving option for the team that can log huge minutes in all situations. Through 56 games last season the 33-year old had 34 points, a pace that would have seen him set a new career high. If that same player returns to the team next season Edler will be perfect insulation as the young Quinn Hughes gets his feet wet in the NHL.
The deal does however once again weaken what is a razor thin free agent defense group. Beyond Tyler Myers and Jake Gardiner there are very few legitimate top-four options, with older players like Anton Stralman, Ron Hainsey and even Niklas Kronwall leading the way. That kind of shallow pool is another reason why the trade market has been so active and will likely continue to be, with players like Justin Braun, Olli Maatta, Radko Gudas, Matt Niskanen and Jacob Trouba already changing hands. Vancouver was expected to be involved in that trade market, but retaining Edler at least guarantees that one of their top spots will be filled by someone they can rely on next season.
Flyers Sign Kevin Hayes To Long-Term Contract
June 19: The contract has been officially announced by the Flyers, matching the financial details originally reported. GM Chuck Fletcher released this statement:
We are very happy to sign Kevin to a long term contract. He plays a smart, two-way game and is just entering the prime of his career. Kevin will add size and skill to our line-up.
The deal will include a no-movement clause for the first three years and a 12-team no-trade clause the remaining four.
Per CapFriendly, the contract breaks down as follows:
2019-20: $4MM base salary, $5MM signing bonus
2020-21: $3.75MM base salary, $3.75MM signing bonus
2021-22: $9MM base salary
2022-23: $3.75MM base salary, $3.75MM signing bonus
2023-24: $6.5MM base salary
2024-25: $4MM base salary, $1.25MM signing bonus
2025-26: $4MM base salary, $1.25MM signing bonus
June 18: As soon as the Philadelphia Flyers acquired Kevin Hayes‘ negotiating rights from the Winnipeg Jets, they became the favorites to sign the two-way center. However, talks had not been going as expected until a recent report that progress was finally being made toward a contract resolution. Now, TSN’s Bob McKenzie reports that a deal is imminent. He expects the contract to be worth $50MM over seven years.
Hayes’ reported $7.14MM AAV, a raise of more than $2MM over his latest contract, puts him in the top 20 among NHL centers and continues an off-season that appears to be a players’ market. For a player with just five seasons of pro experience who has averaged less than 20 goals and 50 points per year, this may seem like a high cap number. While centers are paid a premium and Hayes’ defensive effectiveness needs to be taken into account, it is likely that some will be skeptical of this deal. Nevertheless, the Flyers did what they needed to to lock up a top young free agent and fill a major need down the middle. Now the team must hope that Hayes can continue on his upward trajectory set by a career-high 55 points this past season.
Hayes joins Erik Karlsson and Jeff Skinner as top impending free agents that have now re-signed for more than many expected. In comparison, this contract makes the New York Islanders’ extensions of Brock Nelson and Jordan Eberle look very team-friendly, but may make extending Anders Lee more difficult. Besides Hayes, the major beneficiary of this contract is Matt Duchene, who is considered the top free agent center and has a strong argument to make substantially more than Hayes. Lee can also fairly make that case. Marcus Johansson and Gustav Nyquist additionally stand to benefit, as they have similar per-game numbers to Hayes, albeit are older and not natural centers.
Hayes now joins fellow new Flyers Justin Braun and Matt Niskanen on a re-tooled roster that has undoubtedly gained the imprint of new GM Chuck Fletcher. And it’s only June. Where else Philadelphia goes this summer remains to be seen, but the team will certainly have a different look when they take the ice next season.
Anaheim Ducks Buy Out Corey Perry
The Anaheim Ducks have done what would have been unthinkable just a few years ago. Corey Perry has been bought out. Like Dion Phaneuf recently, Perry did not need to be placed on waivers first because of his no-movement clause. The 34-year old forward has two years remaining on his contract at an $8.625MM cap hit, meaning the buyout will cause the following cap hits for the next four years (via CapFriendly):
- 2019-20: $2.625MM
- 2020-21: $6.625MM
- 2021-22: $2.00MM
- 2022-23: $2.00MM
As discussed earlier this month, moving on from Perry may be more about the opportunity it will provide for the Ducks next wave of forwards. The deal will obviously save them some cap space next season, but because of the way his contract is structured—Perry was owed a $3MM signing bonus prior to the 2020-21 season—it will give them very little savings afterwards. In fact, the team is swallowing an additional two years of $2MM in order to get him off the roster, a big ask for a player who was once the franchise’s brightest star.
Perry was selected 28th overall in the 2003 draft and developed into one of the most dynamic goal scorers in the entire NHL. He was a huge part of the Ducks’ 2007 Stanley Cup run, scoring 15 points in 21 games. In 2010-11 he lit the lamp 50 times, leading to him taking home the Rocket Richard and Hart trophies at the end of the year. He cracked the 30-goal mark four more times after that, but hasn’t been the same player in recent seasons.
In fact, Perry hasn’t even scored 20 goals in a single season since 2015-16 and missed most of last year with injury. Ten points in 31 games was all he could muster, leading to this moment where he will depart the only franchise he has ever known. The Ducks will take the minutes and money allocated to Perry—Ryan Kesler and Patrick Eaves too—and give younger players like Max Jones, Troy Terry, Daniel Sprong, Kiefer Sherwood, Max Comtois and Sam Steel, the next group of core forwards in Anaheim.
The question now however becomes whether or not Perry can find work somewhere else. It’s not often that a player with 372 career goals comes available, but there’s absolutely no guarantee he can ever be that kind of player again. A one-year deal may make the most sense in order for Perry to prove he can still compete at the NHL level, but it’s not clear yet who would be interested in giving it to him.
Photo courtesy of USA Today Sports Images
San Jose Sharks Trade Justin Braun
After inking Erik Karlsson to a huge extension, the San Jose Sharks were going to need to move out some salary. Today they’ve done just that, as Justin Braun and his $3.8MM cap hit is on his way to the Philadelphia Flyers. The Sharks will acquire a 2019 second-round pick and a 2020 third-round pick in exchange for the veteran defenseman. Braun is scheduled to become an unrestricted free agent next summer.
Braun becomes the second defenseman the Flyers have acquired this month, after flipping Radko Gudas to the Washington Capitals in exchange for Matt Niskanen. More changes very well could be coming for Philadelphia, who now have six defensemen on one-way contracts with Ivan Provorov and Travis Sanheim still to sign. For now though, the acquisition of Braun gives the team another more experienced player to pair with some of their younger defensemen and give them quality minutes on the back end.
The 32-year old just completed his sixth consecutive season averaging more than 20 minutes a night with the Sharks, serving as a counterbalance to some of the team’s more offensive blue line options. Braun recorded more defensive zone starts than any other defenseman on the San Jose roster, and logged more short-handed ice time than anyone not named Marc-Edouard Vlasic. That kind of play responsible effort will be welcomed, though there are certainly warning signs of decline from Braun. After reaching a career-high in points during the 2017-18 season with 33, the veteran defenseman dropped back down to just 16 in 2018-19. That included just two goals and poor possession statistics, something the Flyers will hope he rebounds from when given a different opportunity in Philadelphia.
For San Jose, this was a necessary move to open enough room for their summer plans. After inking Karlsson to an eight-year, $92MM contract yesteday the team found itself with $26.5MM of cap space dedicated to just three defensemen. Something needed to go in order to have room to sign restricted free agents Kevin Labanc, Timo Meier and Joakim Ryan. Getting a pair of draft picks, one of them relatively high, was an ideal outcome for a team that needed to dump salary somewhere. Obviously Braun isn’t a worthless player, but the team was in a tricky situation and had to decide how to wiggle their way out before getting into real negotiations.
There is also the presence of Brenden Dillon, who is heading into the final year of his current contract and may be a candidate for an extension at some point. Dillon is just 28 and seemed to fit in well alongside Karlsson during the 2018-19 season, registering a +19 rating and matching a career high with 22 points. If the Sharks had to pick one of Braun or Dillon to keep around, it made sense to retain the left-handed, younger player.
Rangers Acquire Jacob Trouba
The Rangers have made a big splash on the back end, announcing that they have acquired defenseman Jacob Trouba from the Jets. Going the other way is defenseman Neal Pionk as well as the 20th overall pick in this week’s draft which had been previously acquired from Winnipeg as part of the Kevin Hayes trade.
Trouba is coming off a career year that saw him collect 50 points (8-42-50) while averaging just shy of 23 minutes per game in the regular season. Despite that, there was an expectation that a trade was likely. The 25-year-old held out back in 2016 and had requested a trade at that time before rescinding his request when he signed in November. Even with that, it was believed that he remained hesitant to commit to them long-term, especially after he opted to go through the arbitration process last summer.
It will now be up to Rangers GM Jeff Gorton to get Trouba to commit. Sportsnet’s Elliotte Friedman notes (Twitter link) that Winnipeg did not grant New York permission to speak to the blueliner about a new deal before the trade was made.
Trouba must be tendered a $5.5MM qualifying offer later this month, one that they will clearly make. It will take considerably more for him to forego testing unrestricted free agency in July 2020 so a long-term deal could approach the $7MM-$8MM mark when all is said and done. That’s a price tag that the Rangers are likely willing to pay as he slots in as their top defenseman right away.
As for Pionk, the Jets are adding a capable blueliner but one that doesn’t have a lot of NHL experience. After signing as an undrafted free agent in 2017, he made it to the NHL midway through 2017-18 and played his first full campaign this past season. He fared pretty well, collecting 26 points in 73 games while averaging over 21 minutes a night. That should allow him to step into a prominent role fairly quickly with his new team.
Like Trouba, Pionk is a restricted free agent this summer and is eligible for salary arbitration. Unlike Trouba, he won’t be commanding a massive salary given his relative inexperience. That is notable considering the team still has to sign restricted free agent wingers Patrik Laine and Kyle Connor, as well as UFA defenseman Tyler Myers, whose return is much more of a legitimate possibility as a result of this swap. While it wouldn’t be directly tied to this move, Myers could essentially be a part of this trade if he re-signs as it wouldn’t have been possible without Trouba moving first.
With Erik Karlsson and now Trouba off the market (and Myers potentially following suit), the market for right-shot defensemen has drastically been altered in a hurry. With a lack of impact free agent defenders available, expect trade talks to pick up around the league in the coming days.
Photo courtesy of USA Today Sports Images.
Erik Karlsson Re-Signs With San Jose Sharks
UPDATE: The Sharks have now officially announced the Karlsson extension and it is worth even more than previously believed. Karlsson is set to make $11.5MM on average over an eight-year term for a total of $92MM, according to CapFriendly. That includes $53MM in signing bonuses, largely front loaded in the early years for potential lockout protection, as well as in the final two years to dissuade a buyout. The contract also includes a full No-Movement Clause. There is little doubt remaining that San Jose is all in on Karlsson given these terms, which make Karlsson the highest paid defenseman in NHL history and behind only Connor McDavid and Auston Matthews overall. The Sharks simply have to hope that he can get back to full health and remain that way as long as possible, while those teams that missed out on a chance to court him this summer have to hope that the somewhat underwhelming replacement options don’t drastically increase their asking price.
It’s been an ongoing narrative early this off-season that the San Jose Sharks were willing to do whatever it takes to re-sign Erik Karlsson, after the all-world defenseman played well – when healthy – in his first season with the team. Karlsson is considered not just the top defenseman on the free agent market, but arguably the biggest name overall, and that’s taking into account his injury concerns. Few defensemen in the NHL can do what a healthy Karlsson can offensively and the 29-year-old was set to cash in on the open market. Yet, it seems that GM Doug Wilson and the Sharks have convinced Karlsson that he doesn’t need to test the waters to find a considerable contract and a winning team. TSN insider Bob McKenzie reports that “all signs are pointing” to Karlsson returning to San Jose and colleague Pierre LeBrun follows it up by stating that “a deal is indeed done.”
McKenzie is hardly the first to report that extension talks were getting close between the two sides, but when the respected hockey mind makes a pronouncement like this, it generally carries significant weight. LeBrun thus checked in himself and found previous reports that the two sides were talking about a contract in the neighborhood of Drew Doughty‘s eight-year, $88MM contract to be true. LeBrun believes that is will be an eight-year deal worth more than Doughty’s $11MM AAV. This would make Karlsson’s cap hit the third-largest in NHL history.
Unless his negotiating rights were to be traded prior to July 1st, the Sharks were always going to be the only team that could offer Karlsson that valuable eight year. However, it is likely their willingness to move into the double-digit AAV realm that pushed negotiations closer to a resolution. Especially in a season in which Karlsson missed 29 games due to injury, there was plenty of speculation that his value would take a hit on the free agent market, resulting in lesser term or at least a lower dollar value over a long-term deal. Instead, the Sharks seemingly plan to keep Karlsson in town by offering him the same contract he likely would have landed prior to this past season and hope that recent groin surgery solves the nagging soft tissue damage that cost the superstar blue liner so much time this season.
Assuming this extension becomes official shortly, it will have wide-ranging effects. San Jose cannot afford to re-sign Karlsson to this contract and also re-up restricted free agents Timo Meier and Kevin Labanc without making some sacrifices. Priority unrestricted free agents like Joe Pavelski, Joe Thornton, Gustav Nyquist, and Joonas Donskoi cannot all return if any can. Signing even one of those players may force the Sharks to move out other salary from the roster. Additionally, per the terms of the original Karlsson trade, San Jose will also surrender a 2021 second-round pick to the Ottawa Senators in exchange for extending their acquisition. As for the rest of the free agent market, one of the top names is now off the board. The demand and thus the price for the next tier of defensemen – Jake Gardiner and Tyler Myers – just went up, as did the cost of bringing in a big name like Artemi Panarin or Matt Duchene after both Karlsson and Jeff Skinner received larger contracts than expected.
The greater story here though is that the Sharks’ Stanley Cup window, which some saw as closing if Karlsson, Pavelski, and Thornton were all to leave, has now been extended with the re-signing of one of the game’s best defensemen, so long as he can stay healthy. With Karlsson, Brent Burns, and Marc-Edouard Vlasic together on the blue line for at least six more years and core forwards like Logan Couture, Evander Kane, Tomas Hertl, and soon Meier locked up, the team has strength at both ends and will continue to be a top competitor year in and year out.
Pittsburgh Penguins Trade Olli Maatta To Chicago
The Pittsburgh Penguins have traded defenseman Olli Maatta to the Chicago Blackhawks in exchange for Dominik Kahun and a 2019 fifth-round pick, according to TSN’s Darren Dreger.
With a surplus of defensemen on their roster, the Penguins were going to have to make a move and unload one of their defensemen as the team already had Kris Letang, Justin Schultz, Brian Dumoulin, Erik Gudbranson, Jack Johnson, Chad Ruhwedel and Marcus Pettersson on the NHL roster. Maatta was a prime candidate to be moved after a so-so season in which the 24-year-old went from a seven-goal, 29-point season in 2017-18 to a one-goal, 14-point season this past year. Injuries have also plagued Maatta as he missed six weeks with an upper-body injury late in the season.
It looks like Pittsburgh got good value in return for Maatta, however, as they team picks up Kahun, who had an impressive rookie season for Chicago. The 23-year-old signed a two-year entry-level deal out of Germany and immediately proved his worth by making the Blackhawks’ squad out of training camp and showed off his versatility by being able to play any forward position. He contributed 13 goals and 37 points, but with the number of NHL forwards that Chicago has on its roster, the team had the luxury of trading one away to bolster its defensive core. Kahun should bolster the team’s middle-six, providing offense on whatever line the team needs. Pittsburgh general manager Jim Rutherford spoke highly of the new addition:
He is a speedy, versatile player capable of playing all three forward positions. He also saw time on Chicago’s power-play and penalty killing units. We are very excited for him to join our team.
While adding Kahun, perhaps the biggest plus to the trade was freeing up some cap space. By moving his three years and $4.08MM contract and acquiring the cheaper Kahun ($925K), the Penguins have added $3.16MM in cap space this season. The Penguins also add a coveted draft pick for this year, even if it’s in the fifth round. Pittsburgh had already traded away its second, third, fourth and sixth-round picks for this draft, so adding a second fifth-rounder helps make up for those lost picks.
For Chicago, with $19MM in projected cap space this offseason, adding Maatta’s contract wasn’t a problem and the team still is expected to have more than $17MM in cap space to make more moves this offseason. The team needed to add some experienced depth to its team and it likely was going to do it via trade. The fact that Maatta is left-handed, however, will have him battling with a group of left-handers for playing time, including Duncan Keith, Erik Gustafsson, Slater Koekkoek and Carl Dahlstrom.
New York Islanders Agree To Terms With Jordan Eberle
The New York Islanders have locked up another one of their pending free agent forwards, this time agreeing to terms with Jordan Eberle on a five-year contract. Elliotte Friedman of Sportsnet reports the deal comes with an average annual value of $5.5MM. CapFriendly provides the full breakdown:
- 2019-20: $5.25MM salary + $2.0MM signing bonus + full NTC
- 2020-21: $4.75MM salary + full NTC
- 2021-22: $7.0MM salary + 16-team NTC
- 2022-23: $4.75MM salary + 16-team NTC
- 2023-24: $ 3.75MM salary + 16-team NTC
Eberle, 29, has played two seasons with the Islanders since being traded by the Edmonton Oilers in the summer of 2017 . He was scheduled to be one of the top options in free agency this season even with his relatively down year, but will now be relied upon as a core piece of the Islanders moving forward. His $5.5MM cap hit is actually a slight drop from the six-year $36MM deal he had been playing under previously, but still puts him right behind Brock Nelson as the second highest-paid forward on the Islanders for the time being.
That kind of commitment comes even after Eberle struggled at times this season. With new head coach Barry Trotz installing a more rigid, defensive structure, Eberle’s offensive production dropped to just 19 goals and 37 points in 78 games. Some were questioning whether he could be the same impact forward he had shown in the past, but an impressive playoff run with nine points in eight games seems to have convinced the team he can. It’s not like he doesn’t have a solid resume, as Eberle had recorded at least 20 goals in each of the previous five seasons and reached a career high of 34 in 2011-12 with Edmonton. Still remembered for his World Junior heroics, the now-veteran forward has a knack for scoring important goals at opportune times.
This contract is interesting however, given the Islanders still have not announced an extension for captain Anders Lee. GM Lou Lamoriello has now handed out new expensive deals for Eberle and Nelson, the two pending free agent forwards who seemed more likely than Lee to hit the open market. The team still has more than enough cap space to make a deal with Lee—and goaltender Robin Lehner—work, but if they want to be aggressive on any of the other names in free agency they’ll have to be careful how much they commit.
Photo courtesy of USA Today Sports Images
Washington Capitals Trade Matt Niskanen
The Washington Capitals have cleared some much needed cap space, trading Matt Niskanen to the Philadelphia Flyers in exchange for Radko Gudas. The Flyers will be retaining 30% of Gudas’ remaining contract, which leaves Washington responsible for just $2.345MM for the 2019-20 season. Niskanen meanwhile has two years left on his deal which carries a $5.75MM cap hit.
This deal has plenty of layers to it, but the most obvious one for the Capitals is how it gives them more operating space this summer. The team is dealing with a very tight cap situation thanks to some big contracts they’ve handed out over the last few seasons, and are carrying a $1.15MM bonus overage as well. With new contracts needed for players like Jakub Vrana and Andre Burakovsky there was always someone that would be a cap casualty. If it had to happen, Niskanen was perhaps the most obvious choice given the acquisition of Nick Jensen last season and his subsequent extension. The Capitals can move Jensen—or Gudas, if they choose—into the top four for a much lower price tag.
While he may come with a reputation as a player who sometimes crosses the line, Gudas has also been relatively underrated throughout his career. The physical right-shot defenseman is an excellent player in his own end and can effectively get the puck out of the zone. His possession numbers have been strong for years, and he has tallied more than 20 points three times in his career despite never seeing consistent powerplay time. While he may not be as experienced or as effective as a healthy Niskanen, he’s certainly not just a throw in for the Capitals.
For the Flyers though, a move like this is to get an experienced reliable veteran to help guide their young blue line over the next two seasons. Niskanen has averaged more than 20 minutes a night for the last seven seasons and has taken on all kinds of different roles throughout his career. Sometimes a powerplay quarterback, sometimes a shutdown defender, the 32-year old will come to Philadelphia with something to prove after a down season. Niskanen recorded just 25 points in 80 games, his lowest total since the lockout-shortened 2012-13 season. The Flyers will hope that’s not the first sign of a rapid decline, as he’ll likely be asked to play a huge role for them in 2019-20.