Blake Wheeler Agrees To Five-Year Extension
The Winnipeg Jets have had a huge offseason, but have now announced another huge contract. Captain Blake Wheeler has signed a five-year, $41.25MM extension that will keep him in Winnipeg through the 2023-24 season and make him the 16th highest paid forward in the league with an $8.25MM cap hit. Wheeler is heading into the final season of his current deal and was set to be one of the headliners of the 2019 free agent market, but will now be under contract until he is 37. According to Ken Wiebe of the Winnipeg Sun, the deal includes a full no-movement clause for the first three seasons and a modified no-trade clause in the final two. The full salary breakdown (via Chris Johnston of Sportsnet) is as follows:
- 2019-20: $6.0MM salary + $4.0MM signing bonus
- 2020-21: $6.5MM salary
- 2021-22: $10.0MM salary
- 2022-23: $6.5MM salary
- 2023-24: $8.25MM salary
Wheeler, 32, is coming off the most productive offensive season of his career and one in which he proved his status as one of the most versatile players in the league. Moving to center for the first extended stretch of his career while Mark Scheifele dealt with injury, Wheeler picked up the position immediately and was a force at both ends of the rink. Setting a new career-high in points with 91, and following that with a 21-point playoff performance, the 6’5″ forward has established himself as one of the premiere playmakers in the NHL and potentially could have demanded an even higher cap hit had he reached the open market.
While $8.25MM does become the Jets’ highest cap hit for the 2018-19 season currently, that number will likely be broken by the upcoming Patrik Laine extension that could command upwards of $10MM per season. The Jets are obviously willing to pay a good deal in order to keep their championship window open, but have done well to keep Wheeler on a contract shorter than the maximum eight years. Wheeler, Schiefele, Bryan Little and Nikolaj Ehlers are now all signed through at least the 2023-24 season, while Laine and Kyle Connor are next up for extensions as they head into the final seasons of their entry-level contracts.
It seems unlikely that Wheeler will be able to match his 90-point pace for the remainder of the contract, but even if he settles back into the 65-75 range that he has put up in previous years the Jets will be more than happy with their investment. Though his offensive exploits are the biggest reason for his upcoming raise, to a man the Jets organization raves about his leadership qualities on and off the ice, and he’s also earned Selke votes four times in his career as one of the league’s best defensive forwards.
For the Jets, there is obvious risk at the end of the contract when Wheeler is heading into his late-thirties, but it’s the price they have to pay in order to keep the window open right now. While the Nashville Predators and others in the Western Conference continue to load up for a run at the Stanley Cup, the Jets should be considered a front runner for the next few seasons. The team does still have quite a bit of work to do this summer, given that Josh Morrissey remains unsigned and Laine, Connor, Tyler Myers and Jacob Trouba are all scheduled for free agency next offseason, but getting Wheeler under contract is a big step forward.
Photo courtesy of USA Today Sports Images
Vegas’ Nate Schmidt Suspended 20 Games For Violating NHL’s Performing Enhancing Substances Policy
The NHL has suspended Vegas Golden Knights defenseman Nate Schmidt 20 games without pay for violating the terms of the NHL/NHLPA Performing Enhancing Substances Program, according to TSN’s Frank Seravalli.
It is a big blow to the second-year franchise which made history last year after going all the way to the Stanley Cup Finals. Schmidt, a top-four defender, on the team is allowed to attend training camp and practice, but will not be allowed to dress for any preseason games. Once the regular season begins, he will be suspended without pay for 20 games, which will keep him out until Nov. 18, when he would be eligible to play against the Edmonton Oilers. According to Schmidt’s statement, he has already unsuccessfully appealed the ruling. Seravalli adds that the appeal was heard by impartial arbitrator George Nicolau.
ESPN’s Greg Wyshynski adds that there are two other things to keep in mind with the suspension, including that there is usually more evidence besides a failed test, while the league’s policy on substance abuse comes from the World Anti-Doping Agency’s guidelines for the amount of substance necessary to trigger a ban.
While there is no revelation on what drug was in Schmidt’s system (per CBA rules), the defenseman said in a statement that what was found is considered to be so small that it couldn’t possibly had any effect on his play. He goes on in the statement that an expert on environmental contamination that testified on Schmidt’s behalf, described the amount of the substance as seven billionths of a milligram/ML, which is the equivalent of a pinch of salt in an Olympic-sized swimming pool.
“Another expert analyzed a sample of my hair and concluded there was no evidence of intentional use,” Schmidt wrote in the statement. “The Vegas Golden Knights track players’ strength and performance metrics and my results have remained constant over the past year.
Schmidt also wrote he disagreed with the ruling, which will take $482,258.28 in pay away from him.
“While I support having a strong Performance Enhancing Substances Program in place for our sport, it is difficult to accept this suspension. I understand that I will miss these games, but I do not agree with the suspension and I will not accept being labelled a cheater.
“I have worked my whole life to become an NHL player, and I’m extremely proud to be a player in the NHL. I have never cut corners in order to achieve this goal. I am grateful for the support of the entire Golden Knights organization and I can’t put into words how disappointed I am that I will not be on the ice at the beginning of the season to help my teammates work towards another Stanley Cup run.”
The Golden Knights also released a statement defending Schmidt, saying they “strongly disagree” with the ruling.
“We were notified that the NHL has suspended Nate Schmidt for violating the terms of the NHL/NHLPA Performance Enhancing Substances Program. While we respect the NHL/NHLPA Performance Enhancing Substances Program and are committed to its success, we strongly disagree with the suspension. We firmly believe that the presence of a trace of the banned substance was accidental and unintentional. Based on our conversations with Nate, analysis from independent medical experts and sworn testimony from the parties involved, we believe it is clear Nate was not able to reasonably ascertain how the substance entered his body. Nate is an honest person with high moral character and great integrity. We will stand by him and support him during this time.”
This is Schmidt’s first-run in Performing Enhancing Substances Policy. Schmidt, who played for the Washington Capitals for four years before being selected in the expansion draft, finished last season with five goals and 36 points. Because it’s his first offense, he will also have to enter the League’s Substance Abuse/Behavioral Health Program. A second offense would cost him 60 games, while a third will result in a permanent suspension. Schmidt will lose all his salary up until 10 days prior to the conclusion of the suspension. Then, during the final 10 days of his suspension, he will receive 60 percent of his salary, according to CapFriendly.
Noah Hanifin Re-Signs With Calgary Flames
Late last night after a long negotiation the Calgary Flames announced a new contract for young defenseman Noah Hanifin. The restricted free agent will earn an average of $4.95MM for the next six seasons, carrying him through the 2023-24 season. Hanifin will be an unrestricted free agent at the conclusion of the contract. The deal includes an eight-team no-trade clause in the final two seasons.
After finishing last season out of the playoffs for the third year in a row, Hanifin has had quite the offseason. As his entry-level contract expired, it looked like he would be negotiating with Carolina Hurricanes GM Ron Francis on a new deal to make him one of their key defensemen for some time. Unfortunately at the end of April, Francis’ was terminated as GM of the team and Don Waddell took over the front office. Hanifin would have to negotiate with a different group, but still looked like he was a key part of the future. That lasted less than two months, as during the NHL Entry Draft in Dallas, Hanifin and teammate Elias Lindholm were dealt to the Flames in a blockbuster deal that brought back Dougie Hamilton.
Hanifin is now with a new organization but is still clearly expected to be a key member of the Flames for quite some time. The fifth pick of the 2015 draft immediately leapfrogs T.J. Brodie and Travis Hamonic in salary on the blue line and is signed longer than anyone on the team other than Lindholm and Mikael Backlund. The 21-year old will get to experience some familiarity this season though, as former Carolina head coach Bill Peters has been brought in to turn things around in Calgary. The Flames missed the playoffs last season despite trading away their first-round pick, but have done even more to revamp their roster for 2018-19.
Along with Hanifin and Lindholm, the team has brought in James Neal, Derek Ryan and Austin Czarnik to give them some more punch up front and still have more than $2.5MM in cap space to make an additional move. Hanifin’s deal compares quite nicely to some of his contemporaries around the league, given that the Flames bought out two years of unrestricted free agency. The most straightforward comparable according to CapFriendly is Morgan Rielly‘s six-year pact with the Toronto Maple Leafs, which will pay him $5MM for another four seasons. While Hanifin hasn’t yet had the sort of responsibility Rielly experiences in Toronto, their draft pedigree and offensive impact through three seasons are almost identical.
For Calgary, the contract doesn’t come without risk. Even with all the supposed defensive depth in Carolina the last few years, the team has still struggled to keep the puck out of their own net and never really pushed to be Stanley Cup contenders. While a big reason for that is the sub-par goaltending they’ve received, some of it also has to fall on the shoulders of the defensive unit. Hanifin especially hasn’t proven himself as a top pairing defender yet, and even with his obvious skills at both ends of the ice only posted positive possession statistics for the first time last season. That came in really sheltered minutes, as Brett Pesce and Jaccob Slavin took the brunt of the difficult matchups.
Still, there is obviously a lot to like in Hanifin. For one thing he already has 239 games under his belt before he turns 22, and can be expected to take another few steps forward in his development. Being able to learn on a daily basis from a seasoned professional like Mark Giordano can only help his career, and there is reason to believe that he can breakout offensively if given the opportunity. Calgary certainly believes in his progression, and have rewarded him as such.
Ryan Ellis Signs Eight-Year Extension With Nashville Predators
One of the biggest extensions expected this summer has finally dropped, as the Nashville Predators today announced an eight-year, $50MM ($6.25MM AAV) contract extension for Ryan Ellis. The deal will kick in for the 2019-20 season, and keep Ellis in Nashville through the 2026-27 season. Ellis is currently carrying just a $2.5MM cap hit on the final year of his contract. The deal does not include any trade protection, meaning Pekka Rinne remains the only Predators player with a contract that includes a no-move or no-trade clause. GM David Poile released a statement explaining the contract:
Ryan is a huge part of our team on and off the ice and we are happy to have his leadership remain in our locker room for the foreseeable future. We have talked about wanting to keep the core of our team together, and this is another opportunity to help us do so while continuing to compete for a Stanley Cup. Ryan is entering his prime and is one of the reasons why we feel this team has a chance to win every time we step on the ice.
Ellis, 27, was scheduled to be one of the biggest unrestricted free agents on the market next offseason, though there was little doubt something would be worked out with Nashville at some point. The two sides had been open with their mutual interest, and this deal gives both what they were after. For Ellis, it potentially gives him the opportunity to play his entire career in Nashville after the team took a chance on him with the 11th-overall selection in 2009. At the time, undersized defensemen were not as accepted as they are today and it was obvious by some of the names taken ahead of him. Luke Schenn and Jared Cowen both ended up as top-10 picks, mostly for their size and defensive capabilities. Even Victor Hedman (2nd overall) and Oliver Ekman-Larsson (6th overall) are big enough to fulfill the height restrictions, though the offensive upside of both made them such attractive commodities. Ellis, who stands just 5’10”, was seen as a risk even despite his obvious offensive gifts and defensive potential.
That potential has paid off, and though Ellis is still regarded as an excellent offensive player it is his all-around ability that makes him so valuable. Equally capable on the powerplay and penalty kill, the former Windsor Spitfire recorded 32 points in just 44 games in 2017-18 after returning from injury and logged huge minutes for the Predators in the playoffs once again. Though he won’t begin the extension until well after his 28th birthday, he secures the Predators’ blue line as one of the best in the league for years to come.
There was more money to be made, at least on a per-year basis on the open market to be sure. A similarly aged John Carlson just received an eight-year $64MM contract from the Washington Capitals given his proximity to unrestricted free agency, and some would argue that Ellis is an even more effective player. At the very worst he’s in the same range and could have demanded at least $7MM per season, but decided to stick with the Predators long-term and keep contending for the Stanley Cup. Ryan McDonagh too recently received an extension that carries a higher cap hit, in fact according to CapFriendly the closest comparables to the Ellis contract are Cam Fowler, Erik Johnson and Johnny Boychuk. While all three are effective players, Nashville will be happy to keep one of their leaders in the room for a respectable number.
The fact that there is no trade protection shouldn’t come as a surprise, and it also shouldn’t signal that the Predators will look to move Ellis down the road. Poile is staunchly against including no-movement clauses, and has avoided giving them out in other huge extensions for players like Ryan Johansen and Kyle Turris. Ellis will earn a $7MM signing bonus on July 1st, 2019, giving him a good portion of money up front.
The Predators now have their elite four defensemen locked up for the next two years at least, with Roman Josi next on the block for an extension. His contract expires in the summer of 2020, at which point he’ll be 30 years old. Amazingly, Nashville is set up to have more than enough room to give him a heft raise from the $4MM he currently earns, meaning this group could stay together for some time. Mattias Ekholm, now the extremely underpaid member of the group, carries a $3.75MM hit for four more seasons.
This deal does carry some risk, as Ellis could deteriorate or decline in the latter portion of the contract. By then though the salary cap will have inflated and the Predators will likely have already received plenty of excess value. If he struggles to maintain his current play this season though, handing out an extension at this point could look like a huge mistake. There is pressure on the 27-year old defenseman to perform, but he’s never seemed to back away from the spotlight in the past.
Dylan Larkin Re-Signs With Detroit Red Wings
The Detroit Red Wings have locked up the final piece of their team, signing Dylan Larkin to a five-year contract. Larkin had been clear recently that a contract was close to being completed, and that he was looking forward to his next chapter in Detroit. According to Craig Custance of The Athletic, the deal will carry an average annual value of $6.1MM, putting the Red Wings over the $79.5MM cap for this season. The team can go up to 10% ($7.95MM) over the ceiling during the offseason. Custance also provides us with the full salary breakdown:
- 2018-19: $5.75MM salary + $1MM signing bonus
- 2019-20: $7MM salary
- 2020-21: $4.75MM salary
- 2021-22: $6.75MM salary
- 2022-23: $5.25MM salary
The contract also includes a full no-trade clause in the final season, as Larkin was not eligible for any trade protection prior to that. Though it certainly doesn’t have much of an impact on his deal right now, that could be a huge factor given that the forward is now scheduled to hit unrestricted free agency at the age of 26. Larkin celebrated his 22nd birthday just a few days ago, and has the potential to be the absolute top option on the UFA market down the line. The no-trade clause will limit the Red Wings if they can’t work out an extension, though that isn’t something they’ll have to worry about for some time.
Instead, the Red Wings brass will be celebrating as they lock up the new face of their franchise for at least another five seasons. Larkin led the team in scoring with 63 points this season and started to fully realize his immense potential. One of the best skaters in the entire league, Larkin’s transition to center full-time this season came with a different offensive style as he couldn’t rely on his blazing speed to get around defenders on every rush. Instead he became a top notch distributor and trailed only Connor McDavid, Mathew Barzal, Claude Giroux, Steven Stamkos and Artemi Panarin in even-strength assists. Though his speed can still give defenders trouble in a one-on-one situation, Larkin will hopefully continue to grow his offensive arsenal over the next few years.
Unfortunately for Detroit, his breakout meant that they had to pay up in this deal to keep him around. The team now projects to be more than $3MM over the cap ceiling for the upcoming season, and even with the flexibility that can be created by placing Johan Franzen on long-term injured reserve, will need to make an additional move before the offseason concludes. As we discussed in our live chat yesterday, some of the obvious candidates for trade are Gustav Nyquist, Darren Helm and Luke Glendening, though it’s not clear what the market would be for any of them. It is interesting to look at the deals handed out this summer to Thomas Vanek ($3MM AAV), Mike Green ($5.375MM AAV) and Jonathan Bernier ($3MM AAV) now that the team is in a bind financially. Though all three should help the team on the ice, Vanek and Green both received no-trade clauses and Bernier is the only goaltender signed past the upcoming season.
Detroit isn’t exactly set up to compete for the Stanley Cup in 2018-19, but they certainly shouldn’t be among the very worst in the league. Larkin, Anthony Mantha and Andreas Athanasiou headline a nice young core up front, while Bernier and Jimmy Howard should be an above-average goaltending tandem. There isn’t much upside on defense at the moment, but with more youth coming in players like Dennis Cholowski, Jared McIsaac and Gustav Lindstrom it could change quickly. There is also the wildcard of Filip Zadina, who could make the club out of camp and step right into a big offensive role. The team does have to remember that he can earn up to $850K in performance bonuses though, which would be carried over to next season if the team does not have cap space.
Today is about Larkin though, who will now be expected to take another step forward and become the player Detroit builds around. As Henrik Zetterberg and Niklas Kronwall drift off into the sunset and the last remnants of the last golden age of Detroit hockey fades away, Larkin will be the one tasked with ushering in the next competitive team.
Arizona Coyotes Sign Christian Dvorak To Six-Year Extension
The Arizona Coyotes have made it clear that Christian Dvorak is going to be a part of their plans for a long time, signing him today to a six-year contract extension. The deal kicks in for the 2019-20 season and will carry Dvorak to unrestricted free agents in the summer of 2025. The 22-year old forward is entering the final year of his entry-level contract, and was eligible to sign an extension on July 1st. CapFriendly reports that the deal will carry a $4.45MM cap hit, meaning the total extension is worth $26.7MM. Arizona GM John Chayka included a statement:
We are very pleased to sign Christian to a long-term contract. Christian is a highly skilled, reliable, two-way center who continues to improve each season. He will be a key player for us in the future and we are thrilled to have him with us for the next seven seasons.
Dvorak was originally selected 58th overall by the Coyotes in 2014, but returned to the OHL for two more seasons to round out his game at the junior level. In those years, paired mostly with Mitch Marner (and often either Max Domi or Matthew Tkachuk) Dvorak became a dominant offense player and recorded 230 points in just 125 regular season games. He added 35 points en route to an OHL Championship and Memorial Cup in 2015-16 as team captain, before jumping straight to the NHL the following season. While some doubted that Dvorak could produce goals and points away from Marner and the other talented players on the London Knights roster, he scored 15 goals and 33 points as a rookie on a bad Arizona team and performed better admirably in the role that he was given.
Unfortunately Dvorak failed to take another step forward offensively in 2017-18, scoring just 15 goals again and recording 37 points despite increased ice time. While he took substantial strides in his defensive and faceoff work, his upside in the offense zone was capped and his powerplay production was underwhelming even with ample opportunity. No longer a rookie, there were higher expectations of the young forward that he didn’t quite reach in the eyes of many. Apparently not in those of the front office though, as the team has signed him long before it was necessary in an attempt to get him under contract before a potential breakout. There’s little chance he could have demanded a contract of this value next summer given that he would not have been arbitration eligible, though it does buy out two of his unrestricted free agent years down the road for a reasonable price. The breakdown of the deal, provided by Craig Morgan of AZ Sports, indicates that he also has an eight team no-trade clause in those UFA seasons. The full salary breakdown is as follows:
- 2019-20: $2.95MM salary + $300K signing bonus
- 2020-21: $3.45MM salary
- 2021-22: $5.075MM salary
- 2022-23: $3.45MM salary
- 2023-24: $5.725MM salary
- 2024-25: $5.75MM salary
Those are big numbers for a player that still has yet to really have an offensive breakout, though they could look like a bargain down the road if he does. With the salary cap expected to continue to grow (though perhaps not at the same rate), a $4.45MM cap hit might become more than reasonable for a two-way center with Dvorak’s ability. Unfortunately right now it will be compared to some of his contemporaries who have produced at a much higher rate in recent years. CapFriendly’s tool indicates that Victor Rask and Rickard Rakell are the closes matches for the deal, given they each signed six-year extensions in 2016 at the age of 23 (the same age Dvorak will be when the deal kicks in). Rask and Rakell were each coming off 20+ goal and 40+ point seasons, thresholds that Dvorak has still yet to eclipse in his short career, and both come in at substantially lower cap hits ($4.0MM and $3.8MM respectively). Rakell has thrived after being moved to the wing with 67 goals over the first two years of the deal, and while Rask has actually taken steps backwards offensively in consecutive years his point production still sat right around where Dvorak was in 2017-18.
The interesting part of a deal like this for Arizona though, is that the team normally doesn’t really have to worry about cap problems. Even after assuming dead cap hits like Dave Bolland and Marian Hossa, the team still finds itself with more than $10MM in space and one of the lowest salary totals in the league. Giving Dvorak a little bit extra in order to keep him in the desert long-term may have been necessary, and something that the team was obviously willing to do. Other teams around the league will likely feel the effects worse than Arizona when it comes to re-signing their own restricted free agents.
Ducks Sign John Gibson To An Eight-Year Extension
John Gibson will be manning the pipes in Anaheim for a long time to come. The team announced that they’ve signed the goaltender to an eight-year contract extension through the 2026-27 season. Financial terms of the deal have not been disclosed. Eric Stephens of The Athletic reports (Twitter link) that the deal carries an AAV of $6.4MM. Gibson is already signed for next season with a $2.3MM cap hit with a $3.3MM salary so this new deal won’t kick in until July of 2019.
Per CapFriendly, there are no signing bonuses in the deal and there is no variation in the year-to-year salary. He also receives a ten-team no-trade list beginning in 2021-22 when he is eligible to have no-trade protection in his contract.
GM Bob Murray released the following statement on the move:
“I believe in John Gibson, as does everyone in the organization. This is obviously a major commitment by the club, but one we feel strongly about. John is equally committed to being a Duck. He is only now entering the prime of his career, and we are all confident his best is yet to come.”
Gibson was drafted in the second round (39th overall) with a pick they acquired from the Maple Leafs at the 2011 draft in exchange for trading down to allow Toronto to select winger Tyler Biggs. He has quickly emerged as one of the better young goalies in the game and the Ducks are clearly pleased with his progress given their commitment here.
Last season, the 25-year-old played in a career-high 60 games, posting a 2.43 GAA and a .926 SV% along with four shutouts. However, he did struggle in a postseason sweep at the hands of the Sharks which ended his year on a bit of a sour note.
In his career, Gibson has put up a .923 SV% and a 2.29 GAA in 178 games, numbers that put him among the better starters league-wide. The deal will make him the fifth highest paid goalie in the NHL in terms of cap hit for 2019-20 although it should be noted that veterans like Pekka Rinne and Sergei Bobrovsky are slated to become free agents next summer and should eclipse that mark on their next contracts.
With the signing, the Ducks quietly have a lot of money committed for 2019-20. Per CapFriendly, they now have 13 players locked up for that season at a combined cap hit of just over $66.5MM. Murray acknowledged last month that they would also like to lock up winger Jakob Silfverberg long-term but they may need to deal with restricted free agent wingers Ondrej Kase and Nick Ritchie first to see if they will still have enough room to do so.
Photo courtesy of USA Today Sports Images.
Mark Stone, Ottawa Senators Avoid Arbitration
With neither side really wanting to go through the arbitration process today in Toronto, Mark Stone and the Ottawa Senators have settled on a one-year contract. The deal will pay Stone $7.35MM this season, and carry him through to unrestricted free agency in the summer of 2019. The two sides cannot sign an extension until January. Our Brian La Rose projected this exact contract yesterday when he broke down the Stone arbitration case.
The 26-year old played just 58 games for the Senators last season, but was easily the team’s best forward registering 20 goals and 62 points. That point-per-game pace pushed Stone from a very good player to one of the league’s best, especially when combined with his trademark takeaway ability and solid defensive presence. Even with the limited number of games, he still earned Selke votes for the fourth consecutive year and led all Senators in takeaways.
For all the positive things Stone brings, a one-year contract will lead to immediate speculation about his future in Ottawa. The team is heading for a rebuild, and now all three of their best players are scheduled to become unrestricted free agents next summer. Stone, Erik Karlsson and Matt Duchene all have just one year remaining on their deals, making them prime trade candidates over the next few months. Even if things go better than expected during the first half of the 2018-19 season, the team still has to consider moving these big assets for whatever they can get, depending on whether they’re willing to sign a long-term extension. Though it’s unclear if Stone would even re-enter negotiations, the fact that the two sides couldn’t come to an agreement this summer only puts creates more pressure down the road.
The Senators will have a two-month window to sign Stone at the beginning of 2019 before facing the trade deadline. If he remains unsigned, you can bet there will be dozens of teams clamoring to get a piece of him as a playoff rental with a chance to re-sign him to a long-term deal. Evander Kane, Paul Stastny and others set the market this season, but Stone is a more effective offensive piece than either of them and could bring back a bigger package should his contributions on the ice continue this season. As one of only a few top-end options in Ottawa, it wouldn’t be surprising to see him receive more than 20 minutes a night once again.
Those first line minutes shouldn’t come as a surprise now that Stone carries such a huge salary. His new contract makes him the 24th-highest paid forward in the league for 2018-19, putting pressure on him to perform as the best player up front for Ottawa. It also means that a long-term extension would be incredibly pricey, something that the Senators may just not have the money for. Remember this was a restricted free agent year still, which usually comes in at a lower price than the player would be demanding on the UFA market. If Stone wanted an even bigger cap hit for seven or eight years, Ottawa might have to back out of negotiations purely from a financial standpoint.
Photo courtesy of USA Today Sports Images
Sabres Acquire Jeff Skinner
The Sabres have added to their forward group, announcing that they have acquired winger Jeff Skinner from Carolina. In return, the Hurricanes receive prospect winger Cliff Pu, a 2019 second-round pick, a 2020 third-round pick, and a 2020 sixth-rounder.
Skinner spent his entire eight-year career with Carolina and had been one of their more consistent scoring threats during that time. He had scored at least 20 goals in six of those seasons (and one of the years he didn’t was the lockout-shortened 2012-13 campaign).
He is, however, coming off of bit a quieter year by his standards. Last season, he played in all 82 games, tallying 24 goals and 25 assists which ranked him fourth in team scoring. That production was down considerably from 2016-17 when he posted a career-best 63 points.
It was a bit surprising how much the Hurricanes seemed to be interested in moving Skinner but with Don Waddell now at the helm of the franchise instead of former GM Ron Francis who was much more methodical, Carolina has been trying to shake up their roster this summer. This is the second significant move they’ve made this offseason with the other seeing defenseman Noah Hanifin and forward Elias Lindholm shipped to Calgary for a package highlighted by blueliner Dougie Hamilton.
The Sabres likely will envision their new acquisition playing alongside Jack Eichel on a new-look top line. Eichel hasn’t had someone like Skinner to play with thus far in his career and the same can be said for Skinner not quite having someone like Eichel as his center. That combination should have Buffalo fans more enthusiastic heading into the season and if the two click, Skinner should be in line for quite the season as free agency approaches.
Buffalo is taking on Skinner’s full $5.725MM cap hit (with a $6MM salary). The winger also waived his no-move clause to facilitate a deal, something that Luke DeCock of the Raleigh News & Observer reported earlier this week was complicating their efforts to move him.
As for Pu, Carolina is bringing in a quality prospect who has been a productive OHL scorer since being drafted in the third round (69th overall) two years ago. He split last season between London and Kingston, combining to score 29 goals and 55 assists in 65 games. Pu is now signed to his entry-level deal and will likely start next season with Charlotte of the AHL.
It will be interesting to see if the Hurricanes look to replace Skinner outside of the organization now that they have some payroll freed up. Alternatively, they could look to second-overall pick Andrei Svechnikov to step in and play a top-six role right away. Either way, Carolina is going to look quite different when the puck drops on the new season in October.
Photo courtesy of USA Today Sports Images.
Capitals Sign Tom Wilson To Six-Year Extension
Saturday: CapFriendly has a breakdown of Wilson’s six-year, $31MM contract. Wilson will also have a modified NTC, which includes a 10-team no trade list for 2020-21 and 2021-22, followed by a seven-team no-trade list f0r 2022-23 and 2023-24.
2018-19: $1.1M Base + $5M SB
2019-20: $1.5M Base + $3M SB
2020-21: $2.1M Base + $2M SB
2021-22: $3.1M Base + $3M SB
2022-23: $2.1M Base + $2M SB
2023-24: $5.1M Base + $1M SB
Friday: The defending Stanley Cup champions have their muscle in place for the next several years. The Washington Capitals announced this evening that they have re-signed restricted free agent forward Tom Wilson to a six-year, $31MM contract extension. Wilson’s annual cap hit will be $5.17MM through 2023-24. CapFriendly reports that $15MM of the contract is in base salary and the other $16MM is in signing bonuses, while adding that the final three years of the contract carry a Modified No-Trade Clause. Wilson himself tweeted out his excitement to be remaining in D.C. for the foreseeable future.
At first glance, the first impression of this contract is that it might be an over-payment by the Capitals. This salary over this amount of time puts Wilson in a similar bracket with recent signings like Jonathan Marchessault, Josh Bailey, Alexander Wennberg, and Mikael Backlund – all players relied on as primary offensive contributors for their teams. Wilson is not that type of player for Washington, rather a two-way forward known more for his aggressive defensive play and checking ability. In fact, it is hard to think of any forward with Wilson’s career production to date ever landing a contract worth more than $5MM per year. However, the Capitals have always been clear about how highly they regard the young power forward. GM Brian MacLellan reiterated those feelings in the team’s release, stating:
“Tom is an invaluable member of our team and we are pleased that he will play a great part in our foreseeable future. Tom is a unique player in this League. At 24 years of age, he has an impressive amount of experience and we believe that he will only continue to grow and improve as a player. With his ability to play in virtually any game situation, teams need players like Tom in order to succeed in the NHL.”
Wilson certainly helped himself in negotiations with his postseason performance. His five goals and ten assists made him a crucial piece to Washington’s cap run. His playoff heroics were also cited by the team in the release and that clutch factor is yet another reason that the Capitals feel so strongly about Wilson moving forward. Add that to career-high’s across the board and it makes some sense why the team may see Wilson’s value on the rise.
With Wilson’s contract complete, the Capitals have signed all of their restricted free agents and CapFriendly currently projects that they will enter the season with the third-highest payroll and only $1.1MM in cap space. Interestingly, the money used to afford Wilson this season is just about $300K of what Washington would have been paying defenseman Brooks Orpik before he was traded to and subsequently bought out by the Colorado Avalanche. Orpik has since resigned with the Caps for $1MM and Wilson gets the money he wanted. Everything has worked out nicely for the Stanley Cup champs this off-season. With most of their roster returning and most of their core signed long-term, Wilson and the Capitals may have another Cup run in them over the course of this contract.