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Ottawa Senators Acquire Ryan Callahan

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The Tampa Bay Lightning won’t be placing Ryan Callahan on long-term injured reserve after all. The Lightning have traded the contract of the injured forward along with a 2020 fifth-round pick to the Ottawa Senators in exchange for Mike Condon and a 2020 sixth-round pick. Callahan was diagnosed with a degenerative back disease and will not play again. He has one year left on his contract that carries a $5.8MM cap hit.

Like many trades involving the Senators recently, this deal is about saving money. While Callahan is owed $4.7MM this season much of that will likely be covered by insurance thanks to the career-ending injury. Condon meanwhile has a $3MM salary this season and the Senators did not plan on using him in the NHL given the re-signing of Anders Nilsson as the backup for Craig Anderson. The team also has several young goaltenders that need playing time in the minor leagues.

That situation also seems to be the case in Tampa Bay however, as the team now has four goaltenders on one-way contracts making at least $1.15MM. Curtis McElhinney is the presumed backup after signing a two-year $2.6MM deal in free agency, but now Condon and Louis Domingue are also in the fold. The Lightning also have Scott Wedgewood and Spencer Martin under contract for the minor leagues. The team will have to sort out who is going where to start the year, meaning more moves may be coming for the Lightning.

None of that however is the real issue being addressed for Tampa Bay. The team still has Brayden Point sitting as a restricted free agent (along with Adam Erne) but had very little cap space to get him signed. Though the team can go over the salary cap ceiling by up to 10% during the offseason, if they wanted to take full advantage of long-term injured reserve for Callahan’s cap hit they would have had to be compliant by the start of the season before designating him for LTIR. This transaction will remove that cap hit entirely giving the Lightning a good deal more flexibility to sign Point.

Tampa Bay now projects to have just under $9MM in cap space to get Point in and will obviously be burying at least two of their goaltenders before the start of the year if they are still with the organization. Fitting Point in even at a salary approaching $10MM wouldn’t be a problem, though it is still unclear how the two sides are going to approach his next contract. With Nikita Kucherov, the Lightning agreed to a three-year bridge deal after his entry-level contract expired which gave them a little more flexibility before locking him up long-term. They could do the same with Point, though the restricted free agent market has changed considerably since Kucherov signed his bridge deal in 2016.

Mike Condon's Contract Could Be An Interesting Trade Chip

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  • While Mike Condon is coming off a particularly rough season in Ottawa, Jonathan Willis of The Athletic suggests (subscription required) that the netminder could be an interesting trade chip. He’s clearly not in the plans of the Senators for next season but possesses a contract that could be of interest to some cap-strapped teams.  He carries a $2.4MM cap hit but a $3MM salary; it’s possible that a team against the Upper Limit could move a back-diving contract (higher cap hit, lower salary) for him, allowing them to save some cap space while the Sens would gain an asset and potentially save a bit of actual money.  Condon battled hip issues last season but is expected to be ready for training camp.

Tampa Bay, Dallas Among Teams Facing Contract Limit Crunch

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The Tampa Bay Lightning are not only up against the NHL’s $81.5MM salary cap upper limit, but also the league’s 50-contract limit. They’re not alone either; in addition to the Bolts, the Dallas Stars, Los Angeles Kings, Ottawa Senators, and Anaheim Ducks each have 48 players already signed to contracts next season as well. Six other teams have 46 or 47 players signed. The closer a club gets to 50, the less roster flexibility they have during the season. When it comes to making trades, claiming players on waivers, or signing college or junior free agents, teams without room can be hamstrung and forced to either pass up on possibilities or make desperation moves to free up roster space. It’s not an ideal situation and could force more than a few teams to make a move or two as the summer wears on.

Tampa Bay is in the worst position of all, as not only do they have just two contract slots available, but they also have two NHL regulars who remain unsigned restricted free agents in need of contracts – Brayden Point and Adam Erne. It’s hard to imagine that the Lightning, who also need to open up considerable cap space, don’t move out a player or two to help clear things up in both regards. One other possible saving grace could be sending 2019 first-round pick Nolan Foote or fellow prospect forward Gabriel Fortier back to their respective junior teams. Even if under contract, 18- and 19-year-old junior players who are still slide-eligible do not count against the 50-contract limit once returned to the junior level. If Foote and/or Fortier don’t crack the Tampa lineup, they would additionally clear up some room. A surefire contender, who also could use some affordable support where they can get it, the Bolts will definitely be a player on the trade and waiver markets this upcoming season, assuming they have the means to do so.

Dallas is in a similarly difficult situation. With just two contract slots available, the Stars need to re-sign (or do something with) defenseman Julius Honka. If the team signs Honka or trades him for another signed player or prospect, they are down to just one open space. Fortunately, unsigned RFA Niklas Hansson is expected to spend the season in Sweden and will not need a contract to become Dallas’ 50th man. Junior forwards Ty Dellandrea and Riley Damiani would also no longer count against the contract limit if sent back to their respective teams, although many in Dallas would like to see Dellandrea push for a spot on the roster.

L.A. has just one unsigned RFA remaining, promising forward Adrian Kempe, so they aren’t in danger to hit 50 at this time. The Kings also have a number of young players under contract who will battle for roster spots, which could force Akil Thomas back to juniors for one more year, removing his contract from the mix. L.A. has been a highly active team on the college free agent market of late and will want some contract room later in the season for potential additions.

Similarly, Ottawa has just Colin White left to sign, so barring further additions are not at risk of hitting 50 contracts. However, the Senators are just narrowly over the league’s salary cap floor, which could prompt them to add another contract so that they don’t have to risk falling below the floor during the year due to a trade. Right now, only Jonathan Gruden is a candidate to go back to junior and remove his contract from limit calculations, so if Ottawa does make another addition, they’ll likely look to make a subtraction or two as well to remain flexible in-season.

The final team at 48 contracts is the Ducks. Fortunately for them, Anaheim has no one left to sign and by all accounts are not looking to make any other moves this off-season. They should be safe, but may look to move a contract just in case the opportunities present themselves to add on during the season.

One team who isn’t at all worried about the contract limit: the New Jersey Devils. New Jersey currently has just 39 players under contract, third least behind Carolina and Winnipeg, but also have just two unsigned RFA’s in need of contracts while the Hurricanes and Jets each have a handful. The Devils project to enter the season with the fewest players under contract, as well the smallest payroll other than Ottawa. That could change though, as the team continues to be included in rumors pertaining to many of the top unsigned UFA’s and top trade targets this summer.

Ottawa Senators Acquire Artem Anisimov

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The Ottawa Senators and Chicago Blackhawks have made a trade, flipping Zack Smith for Artem Anisimov. Though Anisimov comes with a higher cap hit of $4.55MM for the next two seasons, the Blackhawks paid out a $2MM signing bonus yesterday leaving just $5MM left on the contract for the Senators to actually pay. Smith meanwhile carries just a $3.25MM cap hit through 2020-21, but is actually still owed $6.5MM in salary over that period.

Anisimov, 31, also saw his trade protection expire at the start of the month, meaning he could be sent anywhere in the league and led to plenty of speculation over his future in Chicago. Though he has been an excellent player in the past for them, his role has diminished in recent seasons as he moved away from Patrick Kane (and Artemi Panarin previously). With that role reduction also came one in regards to production, as Anisimov recorded just 68 points over the past two seasons combined. With the Blackhawks needing cap space and having new blood coming in the form of top prospect Kirby Dach, Anisimov was an easy choice to move out of town.

For the Senators though, Anisimov’s production will actually be quite welcome. The team is saving actual dollars—something that is much more important to them than cap space—and getting a player who will likely step right into a top-six role and be a key part of their offense. After losing names like Matt Duchene, Ryan Dzingel and Mark Stone last year, the team had just a single forward carrying a cap hit over $4MM—Bobby Ryan. Anisimov is actually now the third-highest active cap hit on the team, behind only Ryan and goaltender Craig Anderson (Marian Gaborik and Clarke MacArthur actually both have higher numbers, but are not expected to play this season).

Smith isn’t nearly the offensive player that Anisimov is, and has actually been limited to just 14 goals over the last two seasons combined. The 30-year old center will give the Blackhawks another depth option to kill penalties and play a solid two-way game, but likely isn’t worth his contract at this point. The Blackhawks could potentially flip him at some point given they already have Ryan Carpenter and David Kampf that can play down the middle behind Jonathan Toews and Dylan Strome, but perhaps they value his versatility and physical play.

The $1.3MM in cap savings is the important part for the Blackhawks, who were up quite tight against the ceiling with just a 20-player roster and Brendan Perlini still to sign. Part of that cap crunch is due to the $11MM they’re paying to have Corey Crawford and Robin Lehner in goal, but both are scheduled for unrestricted free agency next year, giving the team some flexibility moving forward. If they felt like Anisimov was no longer going to fit in their long-term plans, freeing up some playing time and cap space was a success, even if the move to Smith is a downgrade on paper.

Photo courtesy of USA Today Sports Images

Lassi Thomson Signs Entry-Level Contract

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The Ottawa Senators have signed top draft pick Lassi Thomson to his three-year entry-level contract. Thomson was selected 19th overall in last month’s draft, and is expected to return to Finland this year after one season with the Kelowna Rockets of the WHL. Senators GM Pierre Dorion released a statement on the young defenseman:

Lassi has great offensive instincts and an NHL-caliber shot. He also brings a high compete level – he’s always moving his feet and driving the pace of play. We came away from development camp in Ottawa very impressed and feel that he is going to be an important piece of our team’s future.

Thomson, 18, put up 41 points in 63 games for the Rockets in his one year of CHL hockey, but will really be tested in 2019-20 in his first year playing in Finland’s top league. His skating ability pushed him up draft boards throughout the year, though some still saw his selection as something of a reach given his rank on many prospect lists. NHL Central Scouting had him 15th among North American skaters, but he ended up going ahead of players like Arthur Kaliyev and Philip Tomasino. Still, the fleet-footed defenseman adds another high-ceiling prospect into an Ottawa system that is starting to fill up nicely.

With Thomas Chabot ready to take his place among the elite defensemen in the NHL, he’ll need some running mates before long on the Ottawa blue line. That’s where Thomson and top prospect Erik Brannstrom come in, hopefully forming a core that can be relied on for years to come. Each of them can carry the puck extremely well, an obvious talent that the Senators are prioritizing as they rebuild their club from the ground up.

Ottawa Senators Sign Michael Carcone

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The Ottawa Senators have signed another player who spent much of last season with the Toronto Maple Leafs organization. Michael Carcone has inked a two-year two-way deal with the Senators after coming over as part of the Nikita Zaitsev–Cody Ceci trade. Carcone was a restricted free agent, and will now have a $700K salary in the NHL.

Now 23, the undrafted Carcone has played three seasons in the AHL after signing with the Vancouver Canucks in 2016. Sent to Toronto in exchange for Josh Leivo partway through the 2018-19 season, he ended up as a key offensive piece for the Toronto Marlies on another long Calder Cup playoff run. Carcone set career-highs with 20 goals and 44 points in the regular season, before adding ten more in 13 playoff contests.

A late-bloomer that only played two seasons in the QMJHL, Carcone will serve as forward depth for the Senators and another name to throw into the roster battles this fall. Ottawa’s lineup is wide open for players like this to make a name for themselves, and it seems likely that Carcone will get to make his NHL debut at some point over the duration of this two-year deal. At the very least he’ll be a solid addition for the Belleville Senators next season.

Eastern Notes: Leddy, Ristolainen, Carcone, Shalagin

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The New York Islanders have made quite a few moves this offseason, re-signing Anders Lee, Jordan Eberle and Brock Nelson as well as adding goaltender Semyon Varlamov to their franchise, but the team may not be done yet.

Brett Cyrgalis of the New York Post mentions that the team may seriously consider trading defenseman Nick Leddy later this offseason. The 28-year-old Leddy has three years on his contract at $5.5MM per season and with several teams in need of help for a top-four blueliner, the team might be willing to unload him if they can add more offensive talent, especially with prospects Noah Dobson and Bode Wilde not far from arriving in New York.

  • In a roundtable discussion on what the chances are that the Tampa Bay Lightning might acquire Buffalo defenseman Rasmus Ristolainen, The Athletic’s Joe Smith (subscription required) writes that while the Lightning has had interest in him in the past, the only way the team would be interested in acquiring him now would be if it were an upgrade and with no obvious trade candidates on their defense, a deal between Buffalo and Tampa Bay seems unlikely. Throw in the fact the team still has to sign restricted free agent Brayden Point to and the chances of acquiring Risolainen seems unlikely.
  • There were many moving parts two week ago when the Ottawa Senators acquired Nikita Zaitsev from the Toronto Maple Leafs for Cody Ceci. The Senators acquired forward Connor Brown, but also picked up forward Michael Carcone as part of the deal, a 23-year-old restricted free agent who has battled his way through three AHL seasons and might be ready for a bottom-line role with the Senators now that the team acquired him. The Athletic’s Chris Stevenson reports that he hears that the Senators and Carcone are close to a new deal and could be a name to watch at training camp this fall. The Vancouver Canucks were received quite a bit of interest from Carcone at the trade deadline by both Toronto and Ottawa. He ended up going to Toronto in the Josh Leivo trade, but has since been traded again.
  • The Tampa Bay Lightning look to be bringing one of their 2019 draftees over to North America sooner than they had expected as a Russian website, spartak.ru (translation required), reports that Mikhail Shalagin, the team’s 2019 seventh-round pick, is expected to play in the Tampa Bay’s system, presumably with the Syracuse Crunch in the AHL, although nothing has come from the Lightning yet and it’s unknown whether the team will offer him an entry-level deal right away or offer him an AHL deal. The 6-foot-4, 185-pound forward scored 48 goals in the MHL and was the MVP of the league last year.

Minor Transactions: 07/10/19

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Like always, as teams prepare their organizational depth charts for the upcoming season we’ll be right here tracking all the minor moves:

  • The Stockton Heat have signed three players to AHL contracts, bringing in Zac Leslie, Alex Gallant and Jeremy McKenna. While the first two already have plenty of AHL experience, McKenna will be getting his first taste of professional hockey after scoring 45 goals and 97 points for the QMJHL’s Moncton Wildcats last season. The 20-year old appeared at both Dallas Stars and Calgary Flames development camp recently and earned himself a deal.
  • The Belleville Senators have signed Jack Dougherty to a one-year AHL contract, bringing in the former top prospect to fight for playing time in the minor leagues. Dougherty was originally selected in the second round in 2014, but failed to receive a qualifying offer last month from the Buffalo Sabres and became an unrestricted free agent.

Latest On Nikita Gusev And The Golden Knights

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A player who a few short months ago was simply excited to finally be in North America and looking forward to playing for the Golden Knights is now in the middle of a high-pressure negotiation that could force him to be traded for the third time before even making his NHL debut. Nikita Gusev finally made the jump this spring after a phenomenal KHL career and the Russian forward was hoping to take the next step of his career with Vegas. However, the 27-year-old scorer also sought fair value, burning his entry-level deal to negotiate a fair contract. The problem is that the Knights lack the space to meet even modest demands, currently over the cap and with other players to sign. The question now is whether Gusev becomes a casualty of the cap crunch or whether Vegas is willing to move other pieces to retain him.

The Athletic’s Jesse Granger reports that the Golden Knights and Gusev’s camp are currently $2MM apart in terms of AAV on a new contract. Gusev has long been rumored to be seeking at least $4MM annually, while Granger believes the offer on the table is two years at $2MM. Granger estimates that Vegas has just over $2.5MM of cap space to work with after moving David Clarkson to the LTIR, if they make no other moves. However, Gusev is not the only player in need of a new contract, as backup goalie Malcolm Subban, standout collegiate defender Jimmy Schuldt, and potentially veteran leader Deryk Engelland are all in need of extensions. Even if Gusev were to accept the current offer or potentially even if he were to be traded, the Knights would still need to make a move to clear out cap space, so another deal is nearly unavoidable. Granger wonders if the hold up in negotiations is simply the calculus of who Vegas would have to move out to meet Gusev’s demands.

The longer that talks drag on, the more likely a Gusev trade becomes. The dynamic winger is not without fans around the league who would be willing to take a chance at his current asking price. The Hockey News’ Steven Ellis names five teams that have both the interest and the means in cap space and trade capital to acquire Gusev: the Montreal Canadiens, New Jersey Devils, Columbus Blue Jackets, Ottawa Senators, and Edmonton Oilers. Unsurprisingly, three of those five teams – Ottawa, New Jersey, and Columbus – are among the bottom five in the league in payroll and would have no concerns about paying Gusev. Montreal just took a big swing and miss at Sebastian Aho on an offer sheet, so they’re clearly willing to pay up for scoring as well. Edmonton would be a tight squeeze, but the Oilers could desperately use more forward talent to surround Connor McDavid. Ottawa could be most appealing to Gusev if he want to become a team’s centerpiece and boost his public image, while the upstart Devils may be his best chance at winning a Stanley Cup as soon as possible. However, Gusev’s preferences will matter little to Vegas if they do choose to move him, likely opting for the best package of picks and prospects they can find.

A resolution won’t be easy to come by, although both Granger and Ellis agree that the Golden Knights would be better served by keeping Gusev. If the team can figure out their cap situation, perhaps by moving the contracts of non-core players like Ryan Reaves and Nick Holden or Jon Merrill, then keeping Gusev is the ideal move given his ceiling and the potential for Vegas to have the most formidable forward corps in the league. Moving Gusev will likely bring back a nice return in building blocks, but at the cost of could-be superstar. It is not an easy choice for Vegas, whereas Gusev holds all the leverage as a KHL icon but unproven NHL commodity just waiting for his chance to break out, in Vegas or otherwise. So long as he gets paid a fair wage, Gusev is likely willing to begin his NHL career anywhere.

AHL Notes: Graham, Archibald, Thunderbirds

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The Dallas Stars are making an addition to their AHL coaching staff and doing so by promoting from within. The Texas Stars announced today that Neil Graham has been named as an assistant coach for the team, leaving his previous post as head coach of the organization’s ECHL affiliate, the Idaho Steelheads. During his tenure with Idaho, Graham led the Steelheads to a 166-91-31 record over four seasons, including three consecutive 40+ win seasons and playoff berths. The 34-year-old is climbing through the pro coaching ranks quickly after spending just one year as an assistant at Mercyhurst College before taking the same role with Idaho for three seasons before his promotion to head coach. A standout player at Mercyhurst in the late 2000’s, Graham played three seasons in the minors before turning to coaching. He has an opportunity with Texas, replacing the departed Bob Jones, to learn under the tutelage of Derek Laxdal and continue growing as a coach in what appears to be a promising career in the making.

  • Veteran grinder Darren Archibald has been on and off NHL contracts throughout his pro career, often having to settle for AHL contracts with a chance to earn his way back to the top level. After playing in a dozen games last season split between the Vancouver Canucks and Ottawa Senators, recording just two points, Archibald entered the UFA market again facing the tough task of landing another two-way deal. As a result, it’s not surprising that Archibald has settled for a one-year deal with the AHL’s Toronto Marlies, the team announced. As far as AHL opportunities go, the Marlies tend to be one of the more talented, veteran-laden clubs with substantial media attention, giving Archibald as good a chance as anywhere in the league to prove he can still play in the NHL. In the meantime, the big winger will continue to be both a physical threat and net-front scoring force at the minor league level.
  • The Springfield Thunderbirds have announced extensions for end-of-the-year additions Liam Pecararo and Dylan MacPherson. The duo each signed one-year AHL contracts with Springfield back on April 3rd, and have now renewed those same one-way minor league pacts. Pecararo, 23, wrapped up his NCAA career with 30 points in 37 games for Northeastern University last year and recorded a point in his AHL debut. The Massachusetts native stays close to home in Springfield and hopes to be a force up front. MacPherson, 21, has great size for a defenseman and showed over the past two years with the WHL’s Medicine Hat Tigers that he is capable of consistent offense as well. A right-handed shot who can both move the puck and defend in his own end, MacPherson is a valuable commodity for the Thunderbirds.

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