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.
Ottawa Senators, Anthony Duclair Agree To Extension
The Ottawa Senators landed an additional second-round pick in the 2021 NHL Draft when former star Erik Karlsson reportedly agreed to an extension with the San Jose Sharks earlier today. They have now made the most of another one of their big trades from this past season. Anthony Duclair, acquired from the Columbus Blue Jackets in the Ryan Dzingel trade, has agreed to a one-year contract extension, the team announced. The deal will pay Duclair $1.65MM next season, which could prove to be a bargain for the Senators. Duclair had been set for restricted free agency and held arbitration rights, but has opted to take Ottawa’s offer in hopes that he can re-establish his value next season.
Duclair, 23, has had an up-and-down career and has already made many stops since breaking into the NHL at 19. The New York Rangers draft pick failed to impress as a rookie and was traded to the Arizona Coyotes in 2015. He broke out that same year, recording 20 goals and 44 points. However, when his output dropped to just 15 points in 2016-17, the Coyotes did not hesitate to trade him the following season to the Chicago Blackhawks. The Blackhawks opted not to qualify Duclair, who signed as an unrestricted free agent with the Columbus Blue Jackets last summer. Although Duclair was on pace for a bounce back season with Columbus, the team decided to move him at the deadline as part of their “all in” approach. Fortunately, he caught on quickly in Ottawa, registering 14 points in just 21 games.
The Senators hope that Duclair will again take advantage of the opportunity afforded to him on the young, inexperienced Ottawa roster. If he can keep up his scoring pace from late last season over the course of this next year, he could reach or even surpass his previous career high of 44 points. At just $1.65MM, that would be a tremendous value for the Sens. GM Pierre Dorion certainly likes what he sees, as the team’s press release states:
We were pleased with what Anthony was able to add to our lineup after his acquisition. This signing improves our team speed and scoring depth up front. Anthony’s speed and skill can be dynamic and at only 23 years old, we feel he has the chance to grow into a really consistent contributor.
Atlantic Notes: Zaitsev, Johansson, Condon, Luongo
The Toronto Maple Leafs don’t have to, but if the team wants to move on from defenseman Nikita Zaitsev, it might be beneficial to trade him before July 1 when his 10-team no-trade clause kicks in. While Zaitsev has requested a trade as well, making it easier for Toronto to unload the five years remaining on his contract at $4.5MM, there are likely to be several teams interested in acquiring the 27-year-old.
In fact, The Athletic’s James Mirtle (subscription required) looks into what teams would be the most likely to acquire the blueliner and the Edmonton Oilers find themselves at the top of the list. Zaitsev could be paired with one of Toronto’s forwards, either Connor Brown, Kasperi Kapanen or Andreas Johnsson to acquire either Matt Benning or even Adam Larsson in the right deal.
The Vancouver Canucks and Anaheim Ducks round out the top three teams who would make the best bets, but there are quiet a few other candidates as well.
- Boston Globe’s Nick Kelly writes that Boston Bruins forward Marcus Johansson was non-committal Friday when asked about whether he wanted to return to Boston next season. An unrestricted free agent and a key contributor throughout the playoffs (four goals and 11 points in 22 games), the 28-year-old may have priced his way out of Boston. However, Johansson said he did enjoy his time with the Bruins and will speak to them first before looking at his other options.
- Bruce Garrioch of the Ottawa Sun writes that even though the Ottawa Sentators locked up backup goaltender Anders Nilsson to a tw0-year, $5.2MM extension which many thought would be the end for Mike Condon. The 29-year-old, who lost the backup job early last season, still has one year remaining on his contract at $2.4MM and seemed like a prime buyout candidate. However, general manager Pierre Dorion said the team will not buy him out and intend to bring him in to camp in the fall before determining what to do with him. Condon made just two appearances, allowing eight goals and had a .800 save percentage. He was sent to Belleville of the AHL for one game before he opted to sit out the rest of the year with hip inflammation. He hopes to be healthy for training camp.
- Sportsnet’s Elliotte Friedman notes that he spoke recently to Florida Panthers general manager Dale Tallon, who told him that he expects goaltender Roberto Luongo to make a decision about his future soon, in fact, before the draft next Friday. The team needs an idea on whether Luongo intends to come back next year. Florida is expected to sign one of the top goaltenders on the market with Sergei Bobrovsky on the top of their list. However, if Luongo opt to return (he still has three years remaining at $4.53MM AAV), the team will have to find a way to move out James Reimer.
Kings Buy Out Dion Phaneuf
Dion Phaneuf is getting an early look at free agency. The Kings announced that they have bought the defenseman out of the final two years of his contract. While today was the first day that players could be placed on unconditional waivers for the purposes of a buyout, Phaneuf was not required to go through them as he had a no-move clause in his contract. As a result, the move is made official immediately.
Phaneuf had two years remaining on his contract with a $7MM cap hit (with the Kings paying 75% and the Senators 25%). Accordingly, the cap hit for buying him out will be as follows for each team:
Kings
2019-20: $2.1875MM
2020-21: $4.0625MM
2021-22: $1.0625MM
2022-23: $1.0625MM
Senators
2019-20: $729K
2020-21: $1.354MM
2021-22: $354K
2022-23: $354K
The deal contained $3.5MM in signing bonuses which are excluded from the standard two-thirds cost calculation as they are paid in full. Accordingly, Phaneuf will receive over $9MM in actual money from the two teams over the next four years.
Los Angeles brought in Phaneuf in advance of the 2018 trade deadline in what amounted to a swap of bad contracts for both teams. The Kings picked up the 34-year-old along with center Nate Thompson in exchange for winger Marian Gaborik and center Nick Shore. Of the four players in the swap, only Gaborik remains with his team and he was on LTIR all of last season and will likely be on there once again for 2019-20 at the very least.
In his prime, Phaneuf was a quality top pairing defender who provided plenty of offense from the back end while mixing in a lot of physicality as well. However, the point totals have dried up in recent years and the recent transition to teams playing quicker worked against him as he has never been the strongest of skaters. Not surprisingly, 2018-19 was by far his worst season. He scored just once in 67 games, spent time as a healthy scratch, and averaged just 15 minutes per night, a career low.
Despite that, there could be a bit of interest in Phaneuf as a free agent from teams looking to add some veteran depth to their defense corps. While he’s now eligible to talk to teams right away, he won’t officially be able to sign somewhere until the free agent market officially opens up on July 1st.
Ottawa Senators Re-Sign Morgan Klimchuk
The Ottawa Senators have decided to keep a former top prospect around, signing Morgan Klimchuk to a one-year two-way contract worth $700K at the NHL level. Klimchuk came to the Senators organization in a trade from the Toronto Maple Leafs in January and was scheduled for restricted free agency this summer.
Originally selected 28th overall by the Calgary Flames, things haven’t gone as planned for the 24-year old winger. Klimchuk has suited up for only a single NHL game during his professional career, instead spending most of his time in the minor leagues with the Stockton Heat. He was acquired by the Maple Leafs last season in exchange for Andrew Nielsen, but played just 13 games for the Toronto Marlies before being flipped to Ottawa.
If you’re the Senators though, taking chances on players like Klimchuk might be necessary. The team has floundered near the bottom of the league for the last two seasons and watched basically all of their top players leave through various trades. If somehow the young forward can put his game together and fulfill some of the promise he showed in junior they would have a player on their hands. If not, a one-year two-way deal poses almost no risk to the organization. Klimchuk will likely get every chance to make the Senators out of camp, as he’ll need waivers in order to be sent to the AHL this season.
Ottawa Senators Sign Nick Ebert
Monday: The Senators have officially announced the contract, signing Ebert to a one-year two-way contract worth $700K at the NHL level and guarantees him at least $350K.
Saturday: After a pair of seasons overseas, Nick Ebert is heading back to North America. Orebro, his team in the SHL, announced that the defenseman is leaving for the NHL. Murray Pam of the Sporting News and Alexander Appleyard of The Athletic report (Twitter links) that the Senators are expected to sign Ebert.
The 25-year-old had a very strong first season in the OHL with Windsor back in 2010-11 (under new head coach D.J. Smith) which had him touted as a high draft pick. However, he stagnated after that and ultimately dropped to the very bottom of the 2012 draft as the final pick of the Kings (211th overall). He signed his entry-level deal with Los Angeles and spent two years in their system before being dealt to Dallas for goalie Jack Campbell. Ebert didn’t fare much better with the Stars and after spending another year in the minors, he was non-tendered by Dallas in 2017.
Ebert spent most of 2017-18 in the KHL before joining Orebro late in the season. He made an impact for them in 2018-19, recording 11 goals and 22 assists in 49 games while logging over 21 minutes a night in ice time and clearly, that performance got him back on the NHL radar.
Ottawa is an interesting fit for Ebert as they are lacking in terms of depth on their back end. There should be an opening or two on the blueline as their roster currently stands so he should get a long look at a roster spot at training camp in September.
Ottawa Senators Hire Jack Capuano
New Ottawa Senators head coach D.J. Smith will have some experience alongside him this season, as today the team announced that Jack Capuano has signed a three-year contract as associate coach. Capuano had been working with the Florida Panthers in the same role, but was not retained after Joel Quenneville was given the job this offseason. Smith released a statement on his new associate coach:
Jack brings a wealth of coaching experience in the National Hockey League and is a great fit with our staff. Our goal was to bring in someone who has been an NHL head coach – Jack has that experience and much more. He’s played defence, run a defence and run a penalty kill. He is a detailed, hard-working guy who players enjoy working with. We are happy to have Jack here in Ottawa to help with the growth and development of this team.
Capuano, 52, can be the experienced counterpart to Smith during the latter’s rookie season as head coach. As head coach of the New York Islanders, Capuano went 227-192-64 and made it to the playoffs three times, though won only a single round. Perhaps most importantly for Ottawa, he was a clear factor in the development of several top NHL players including names like John Tavares, Michael Grabner, Josh Bailey, Travis Hamonic, Kyle Okposo, Matt Martin, Casey Cizikas and Anders Lee, all of whom spent their some or all of their formative development years under Capuano. That’s the kind of core the Senators are looking to build in Ottawa, and one they’ll need if they are ever going to get back to contender status in the Eastern Conference.
Snapshots: Capuano, Roslovic, Tryamkin
New Ottawa Senators head coach D.J. Smith was given full control over hiring his staff, has yet to make any additions. However, a familiar name could be on the way. The Ottawa Sun’s Bruce Garrioch reports that former New York Islanders head coach Jack Capuano is in talks to join the team. Capuano spent seven years as the Isles’ head coach and was an assistant for the Florida Panthers over the past two years. However, he became a free agent when new Panthers’ hire Joel Quenneville decided not to retain his services. A former AHL head coach as well, Capuano brings experience, but also a familiarity with working with young players, of which the Senators have plenty. Garrioch adds that GM Pierre Dorion stated today that the team hopes to have some assistants in place before the upcoming NHL Draft, meaning Capuano’s official addition could be imminent.
- The Athletic’s Aaron Portzline reports that Winnipeg Jets forward Jack Roslovic has fired long-time agent Ken Robinson. Roslovic was a first-round pick of the Jets in 2015, but has been buried on the team’s organization depth chart and unable to break out. Roslovic has reportedly requested a trade out of Winnipeg several times and he remains unhappy with his current role, despite finally playing a full NHL season last year. With a number of difficult decisions to make this off-season up against the salary cap, the Jets may not be eager to move an affordable piece like Roslovic. Unfortunately, the young forward’s move to a new agent likely implies he wants someone to put more pressure on them to make a move than his last agent did. If Roslovic hits the trade market, expect his hometown Columbus Blue Jackets to be interested.
- The Vancouver Canucks may have lost prospect defenseman Nikita Tryamkin to the KHL two years ago, but they remain interested in bringing him back. The Province’s Patrick Johnston reports that GM Jim Benning is keeping tabs on the big blue liner and looks forward to hopefully having him back with the team down the road. Tryamkin has one year remaining on his contract with Avtomobilist Yekaterinburg, so the reunion won’t be coming this off-season. However, talks have already begun with agent Todd Diamond about a future deal. Tryamkin initially left the team over frustration with role in the season-and-a-half he spent in North America. However, the 2014 third-round pick has improved his play in Russia and has also developed into a locker room leader for Avtomobilist. He would likely play a much larger role for the Canucks in his second time around.
Snapshots: Datsyuk, Faulk, Karlsson, Sutter
Despite some initial speculation early this off-season, it seems an NHL comeback for Pavel Datsyuk is unlikely. Speaking to Helene St. James of The Detroit Free Press, agent Dan Milstein stated that Datsyuk’s probable landing spot remains his home town of Yekaterinburg with the KHL’s Avtomobilist. A free agent after wrapping up a very successful three-year stint with SKA St. Petersburg, Datsyuk made it known that he was leaving SKA and was hoping to land somewhere more familiar to he and his family. The 40-year-old center’s NHL rights are currently owned by the Arizona Coyotes, but they expire on July 1st with the start of the new league year. As such, there was some thought that he could return to the Detroit Red Wings, where he spent all 14 years of his NHL career. Datsyuk would be joining a team now run by fellow Red Wings legend Steve Yzerman and even in his advanced age, Datsyuk would have had the chance to return to a key role for Detroit. Although he recently visited the city and reportedly spoke to Yzerman and company, Milstein maintains that Datsyuk is more likely to settle into a cushy role in Yekaterinburg. “We are meeting in the coming days to discuss options and future plans,” Milstein said, but it seems that the decision is already close to being made. “It’s very likely Pavel will live up to his promise of playing for his hometown team in Russia.”
- In an article offering up some trade suggestions over the waning days of the NHL postseason for those teams no longer in the running, USA Today’s Kevin Allen notes that teams may not want to waste their time trying to pry a defenseman out of Carolina. The Hurricanes succeeded this season largely because of their strength on the back end and GM Don Waddell appears more concerned with maintaining that depth rather than leveraging it. Allen reports that the team is engaged in extension talks with long-time stalwart Justin Faulk, whose current contract expires after next season. Allen adds that the team is not interested in dealing Faulk or any of their top-four defensemen at this time, which certainly includes Dougie Hamilton, Jaccob Slavin, and Brett Pesce, but may also include their big free agent addition from last summer, Calvin de Haan. The one defenseman who might have been dangled as trade bait is Trevor van Riemsdyk who, like Faulk, has only one year remaining on his contract. However, a long-term injury that will see van Riemsdyk on the sidelines to begin the season will probably put a damper on any trade talks. van Riemsdyk’s early-season absence will also allow youngsters Haydn Fleury and Jake Bean to see some NHL ice time, keeping all blue line parties content through another season at least.
- Offer sheets remain a rare occurrence in the NHL – the last came in 2013 – but that doesn’t stop talk from spreading every off-season that one of the top restricted free agents could finally land such an offer. One prominent RFA whose name has not been associated with an offer sheet thus far, perhaps should be, writes David Schoen of the Las Vegas Review-Journal. Schoen believes that center William Karlsson is a prime candidate for an offer sheet this summer. The Vegas Golden Knights are already buried in payroll and the off-season has yet to begin. CapFriendly estimates that they are already over the projected $83MM ceiling for next season, yet still have Karlsson, Nikita Gusev, Malcolm Subban, and others to re-sign. The Knights will be forced to move out salary regardless, but a substantial offer sheet signed by Karlsson may be too much for Vegas to match. Specifically, Schoen names the Carolina Hurricanes, Ottawa Senators, Minnesota Wild, and Detroit Red Wings as potential suitors, citing cap space and need for all four teams.
- While it is not a done deal, the Los Angeles Kings don’t appear worried about losing one of their key free agents. Fox Sports’ Jon Rosen reports that the Kings are close to extending Brett Sutter, the captain of the AHL’s Ontario Reign. Sutter, 32, is a respected veteran who Rosen states is a “great conduit between the coaching staff and dressing room.” An experienced and productive minor league forward, Sutter is the type of dedicated player that all organizations like to have around and it seems he will be back with L.A. for at least one more year.
Early Notes: Karlsson, Hall, Vehvilainen
When the end of the San Jose Sharks season came, the biggest question immediately became ‘what would happen to Erik Karlsson?’ The star defenseman is a free agent this summer, but was limited by injury at the end of the year and comes with plenty of question marks, including the draft pick compensation San Jose would need to send Ottawa if he re-signed. Karlsson tweeted out a cryptic thank you to the San Jose area, and immediately many started speculating that it would be the end of his time there. Speculation erupted, with landing spots like New York and Tampa Bay seeming the most likely.
Now in a new column, Don Brennan of the Ottawa Sun suggests the unthinkable—a return to the Senators. Brennan reports that a source tells him Karlsson “hopes to receive competitive offers” from the Senators and Montreal Canadiens, in order to get closer to his wife Melinda’s family who are in Ottawa. That would certainly be a shocking development, given how Karlsson exited the Senators organization last summer and the way they have failed to sign any top talent over the years.
- Rumors have surfaced lately that Taylor Hall isn’t interested in signing an extension with the New Jersey Devils, but his agent Darren Ferris threw some cold water on that when speaking with Mike Morreale of NHL.com. Ferris called the report “fictitious” while Devils GM Ray Shero also doesn’t know where it came from, given his recent conversations with the Hall camp. Still, both admit that there is no rush to sign a deal despite their regular communication and that Hall won’t feel pressure when he is eligible for a deal on July 1.
- A report out of Finland from Sasha Huttunen has the Columbus Blue Jackets signing Veini Vehvilainen in the coming days, though obviously nothing is official just yet. Vehvilainen is a 22-year old goaltending prospect that the Blue Jackets drafted last year with a sixth-round pick, who dominated Finland’s Liiga for the second straight season. The report notes that the young goaltender could return to Finland to continue his development on a loan from the Blue Jackets, which makes sense given the number of netminders already under contract with the team in the minor leagues.