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Ottawa Signs Mike Hoffman To Four-Year Deal

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After a long negotiation, the Ottawa Senators have come to an agreement with restricted free agent Mike Hoffman on a four-year deal worth $5.188MM per season. Elliotte Friedman was the first to report the deal, and also gave us the financial breakdown; Hoffman will earn $3.8MM next season, and $5.65MM for the three following years.

Hoffman was set to go to arbitration on August 4th, his second time through the process. Last summer, the two sides couldn’t come to an agreement before the hearing, which resulted in a $2MM decision from the arbitrator. This will obviously be a substantial raise for the 26-year old, one he has clearly earned.

2014-15 was the first full NHL season for Hoffman, and he responded in kind, with 27 goals and 48 points, helping the Senators to an unexpected playoff berth. Last year, arbitration seemed to light an even bigger fire under him, as he improved in almost every category.  29 goals and 59 points this time for Hoffman, and he’d established himself as a top-flight scoring forward deserved of a long-term deal.

If his development continues, it won’t be surprising to see Hoffman break the 30-goal plateau this season.  His new deal is strikingly similar to the one another young RFA signed recently, when Brayden Schenn took four-years and $20.5MM from the Flyers, just $250K less than Hoffman’s deal. Schenn actually has a longer track record, is almost two years younger and is coming off a higher salary last season, making his deal look even more impressive for Philadelphia, but Hoffman’s goal totals give him the edge going forward.

The Senators now find themselves down to just a single unsigned RFA in Cody Ceci, with plenty of room left under the cap (the team operates on an internal budget, and will not hit the cap ceiling). After dealing for Dion Phaneuf last season, and sending Mika Zibanejad to New York for Derick Brassard, it looks as though the Senators are trying extremely hard to make the playoffs again next year, and owner Eugene Melnyk said as much just a few months ago.

If they get off to a rough start in 2016-17, it could be a fire-sale in Ottawa, as the front office has been very critical of the players on the ice. With an all-world player in Erik Karlsson entering his prime (as if he wasn’t in it already), the team needs to focus on the next few years.

Snapshots: Versteeg, Senators, Red Wings

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Darren Dreger tweets that unrestricted free agent Kris Versteeg may be leaving the NHL for the Swiss League. Versteeg is rumored to be heading to Bern and it could happen sometime this weekend. PHR listed Versteeg at #25 out of the top 50 free agents.  Last season, Versteeg had 33 points (11-22) in 63 games with Carolina. While with Los Angeles after a late February trade, he had 5 points (4-1) in 14 games. In the playoffs, Versteeg registered 2 points (1-1) in five games.

In other news:

  • NHL.com featured the Ottawa Senators as a team to watch in the Eastern Conference. Arpon Basu writes that with new coach Guy Boucher in the fold, the Sens look to return to the playoffs after missing out last season. Boucher’s first order, Basu writes, is to improve a team that hemorrhaged goals. Despite a younger team, general manager Pierre Dorion feels the Sens are poised to take the next step. Dorion recently added Derick Brassard in a trade with New York and believes that the Senators are “going to surprise some people.”
  • MLive’s Brendan Savage writes about recently acquired forward Dylan Sadowy, and his ascent through the OHL. Sadowy was acquired by the Red Wings from the Sharks for a 2017 third round draft pick after the Sharks realized they were not going to come to terms with Sadowy. The young forward turned some heads in prospect camp when he notched a hat trick during a scrimmage. But it’s the impressive numbers he put up as a member of the Barrie Colts and Saginaw Spirit that caught the Wings attention. Between both teams last season, Sadowy recorded 70 points (45-25) in 64 games.  Despite the scoring prowess, Sadowy indicates that he wants to be a two-way player. While a number of forwards are in his way,  Savage writes that Sadowy still intends to do whatever it takes to make the Red Wings roster. Even though it would be a tall order with a number of forwards already penciled in, Sadowy will work hard to make his NHL dream a reality.

Arbitration Tracker

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Ten days ago, the NHLPA released the schedule for player and team-elected arbitration hearings. Since then, four hearing dates have come and gone with no hearings, with eight players agreeing to contracts to avoid the unpleasant process.

Here’s an updated list of all 24 players who were scheduled for an arbitration hearing:

Player Elected Filings:

Arizona Coyotes
Michael Stone – Stone and the tough-negotiating Coyotes have a hearing set for August 4.

Colorado Avalanche
Tyson Barrie – Hearing set for July 29. Barrie has been the subject of near-constant trade rumors this summer.
Mikhail Grigorenko – Agreed to a one-year, $1.3MM contract on July 20, just two days before the scheduled hearing.

Detroit Red Wings
Jared Coreau – Agreed to a two-year, $1.25MM contract on July 6, well before any hearings were scheduled.
Danny DeKeyser – Signed a six-year deal on July 26th, locking him up long-term for the Red Wings.

Minnesota Wild
Jordan Schroeder – The Wild signed Schroeder to a one-year, two-way deal on July 23rd worth $675K in the NHL and $275K in the AHL.

Nashville Predators
Petter Granberg – Signed a two-year, two-way deal worth $575K / $175K (300K guaranteed) in the first year, and $650K / $175K in the second.
Calle Jarnkrok – Signed a six-year, $12MM deal July 27th.

New York Rangers
Kevin Hayes – Signed a two-year, $5.2MM deal Friday afternoon, hours after Kreider.
Chris Kreider – The Rangers and Kreider agreed to a four-year, $18.5MM contract Friday morning, beating the scheduled 9am arbitration meeting.
Dylan McIlrath – The massive defender signed a one-year, $800k contract last week, beating his hearing by a week.
J.T. Miller – World Cup-bound Miller and the Rangers settled on a two-year, $2.75MM contract on July 13.

Ottawa Senators
Mike Hoffman – After a long negotiation, the Senators and Hoffman agreed to a four-year, $20.75MM deal on July 27th.

Philadelphia Flyers
Brandon Manning – Manning got an unexpected second year in his two-year, $1.95MM deal he signed on July 26th.
Brayden Schenn – Schenn and the Flyers agreed to a four-year deal worth $5.125MM AAV.
Jordan Weal – Acquired by the Flyers in the Vincent Lecavalier trade, Weal signed a one-year, two-way, $650K contract the day the arbitration schedule was released.

St. Louis Blues
Jaden Schwartz – The Blues signed their young star to a five-year, $5.5MM contract last week.

Tampa Bay Lightning
Alex Killorn – The clutch playoff performer signed a long-term extension over the weekend, agreeing to $4.45MM per year for seven seasons.
Vladislav Namestnikov – World Cup-bound forward signed a two-year deal worth $1.9375MM on July 26th, three days before arbitration hearing.

Toronto Maple Leafs
Frank Corrado – Toronto signed Corrado to a one-year, one-way deal worth $600K on July 25.
Peter Holland – Holland signed a one-year deal worth $1.3MM on July 25.
Martin Marincin – The promising young shut-down defenseman is scheduled for arbitration on August 2.

Washington Capitals
Marcus Johansson – Johansson agreed to a three-year, $4.58MM contract just minutes before his hearing was set to begin.

CLUB ELECTED FILINGS:

Detroit Red Wings
Petr Mrazek – Just before his hearing on July 27th, Mrazek and the Red Wings inked a two-year, $8MM deal. With Jimmy Howard still earning $5.3MM for next season, the duo is one of the more expensive in the league.

We’ve previously explained the arbitration process as part of our Capology 101 series. Check out our Mike Furlano’s articles on eligibility and the arbitration process.

Free Agent Profile: Dan Boyle

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Free agent defenseman Dan Boyle, who spent last year with the New York Rangers, is still searching for a contract. Boyle, 40, was ranked #42 on our list of the top 50 NHL unrestricted free agents this year. It seems unlikely he’ll return to the New York Rangers next year, despite the cap space they’ve cleared, given that they already have eight defensemen under contract, and four of them are right hand shots.

Still, Boyle has been a useful contributor his entire career, and remains so, despite going undrafted. Last year he put up 10 goal, and added 14 assists. His possession numbers were strong relative to a brutal possession team. Boyle won an Olympic gold medal playing for Canada in 2o10, and a Stanley Cup with the Tampa Bay Lightning in 2004. He’s on the smaller side, especially for defensemen, at 5’11”, but he’s always moved the puck well.

Potential Suitors

The Edmonton Oilers have been searching for help on the right side of their defense all summer, with just Mark Fayne and Adam Larsson there currently. The Toronto Maple Leafs bid for his services when he was last a free agent in 2014, and also look to need depth on defense, but the return of Roman Polak on the right side probably rules then out. His hometown Ottawa Senators could use right-side depth after Erik Karlsson, but it’s worth noting that they’ll likely give Cody Ceci every opportunity to fill the second pairing role. None of these teams seem especially appealing to Boyle, given their recent struggles. At his age, he’s likely to want to play for a serious contender.

That said, the Dallas Stars, winners of the Central division title, only have John Klingberg among right handed defensemen with significant NHL experience, though Stephen Johns, with 14 games played in the NHL, is under contract. The Philadelphia Flyers, who’ve been carrying many puck moving defensemen of late, may have a use for him. They have seven defensemen under contract, with Brandon Manning still to sign, but none outside of Radko Gudas play right handed, and several don’t appear to be locks for playing time.

Projected Contract

Boyle should be looking at a one-year contract at around $2MM, given that he’s still productive, but comes with a certain amount of risk as a 40 year-old defenseman. Still, he’s got enough rare qualities, his ability to carry the puck, his ability from the right hand side, that teams looking to balance their defense should seriously consider picking him up a a stop-gap option.

Atlantic Notes: Boston, Brassard, Stamkos

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Yesterday, Boston completed an under-the-radar coaching move, promoting Kevin Dean to head coach with the Providence Bruins.  Dean has been part of the Bruins organization for a long time now, including spending the last five seasons as an assistant in Providence.

With his promotion, current NHL bench boss Claude Julien’s rear-end is now squarely on the hot seat (if it wasn’t already, after missing the playoffs for two straight seasons), and another disappointing year may cause the loyal Dean to make another jump. The 47-year old’s best skill may be his ability to develop young defensemen, and will have a strong group to work with in the AHL this season.

  • Ken Warren of the Ottawa Citzen writes that experience was a big factor in the Senators’ decision to trade for Derick Brassard yesterday. The team had to give up 23-year old Mika Zibanejad to do it, but they feel that the veteran Brassard was worth the loss. With 563 NHL games under his belt, the 28-year old has established himself as a legitimate second-line center in the NHL, capable of playing in both ends of the rink.  He and Zibanejad will try to build on 2015-16 with their new clubs, after each scored 50+ points last year.
  • Yesterday agent Pat Morris was on TSN 1050 discussing the interview window that Steven Stamkos experienced before ultimately re-signing with Tampa Bay this year, and (via Chris Nichols of Today’s Slapshot) confirmed that a team could have sponsorship representatives in the meeting with the player to entice him somewhat. When asked if the Canadian Tire CEO was in the Maple Leafs meeting, Morris was a little diplomatic in his answer: “If there were any meetings, and if Canadian Tire was there, Canadian Tire owns Sport Chek, and Steven Stamkos has an existing deal with that company.”  

Rangers Trade Derick Brassard To Senators For Mika Zibanejad

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Feb 23, 2016; Edmonton, Alberta, CAN; Ottawa Senators forward Mika Zibanejad (93) skates against the Edmonton Oilers at Rexall Place. Mandatory Credit: Perry Nelson-USA TODAY Sports The Ottawa Senators announced that they have acquired center Derick Brassard and a 7th round pick in 2018 from the New York Rangers in exchange for center Mika Zibanejad and a 2nd rounder in 2018.

Last season, Brassard played in 80 games with the Rangers, scoring a career high 27 goals and adding 31 assists while averaging a career best 17:53 per game.  His 58 points ranked second on the team to winger Mats Zuccarello.  He also added four points (1-3-4) in five postseason contests.

The 28 year old Brassard was originally the 6th overall pick in the 2006 NHL Entry Draft by Columbus and was dealt to New York in 2013 as part of a package for Marian Gaborik.  He has played in a total of 563 career NHL games between the Blue Jackets and Rangers, scoring 127 goals and 216 assists.

As for Zibanejad, he departs the only NHL organization he has ever known after being selected sixth overall back in the 2011 draft.  Last season, he posted career highs across the board for the third straight season, recording 21 goals and 31 assists in 81 games.  In 281 career contests with the Sens, he has 64 goals and 87 assists.

[Related: Updated Senators and Rangers depth charts.]

The deal represents a shake up for both teams’ top six forward units.  In Brassard, the Senators acquire a consistent point producer as he has hit 45 points or more in each of the last three seasons and he is also someone who can play a top line role.  Meanwhile with Zibanejad, the Rangers add a considerably younger but not as proven top six forward that also plays more of an all-around game.

TVA Sports’ Renaud Lavoie adds that this deal had been discussed for several weeks but that a $2MM bonus that Brassard received on July 15th needed to be paid by the Rangers for the Sens to do the deal.

Brassard has three years remaining on his contract with a cap hit of $5MM.  However, his salary drops to $3.5MM in each of the final two seasons (while he is only owed $3MM in 2016-17 after the bonus payment) which is important for a budget-conscious Ottawa team.  As for Zibanejad, he has one year left on his bridge deal that he signed last offseason with a cap hit of $2.625MM.  He will be owed a qualifying offer of $3.25MM next summer.

New York now has just shy of $7.5MM in cap space according to Cap Friendly with left winger Chris Kreider, center Kevin Hayes, and prospect Marek Hrivik still to re-sign.  As for Ottawa, they have just over $12.6MM in space per Cap Friendly with defenseman Cody Ceci and arbitration-bound left winger Mike Hoffman still to re-sign.

Photo courtesy of USA Today Sports Images.

Senators Sign Matt Puempel To Two-Way Deal

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After splitting the last two seasons between the Ottawa Senators and their AHL affiliate Bighamton Senators, Matt Puempel has re-signed with the team for another year.  The left winger and former first-round pick will earn $900K at the NHL level, and just $75K if he stays in the AHL.

Puempel has played 39 games in the NHL over the past two seasons, scoring four goals and six points during that time. The 2011 draft choice has performed well at the AHL level however, including 30 points in just 34 games last season.

The Senators will now turn their attention to their two remaining RFAs, Mike Hoffman and Cody Ceci, both important players to get under contract.  The team has almost $16MM left under the cap, but will assuredly not spend right to the ceiling.

Minor Transactions: 7/13/16

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  • The New York Islanders have re-signed Alan Quine to a two-year deal tweets Arthur Staple. Staple reports that it’s a one-way deal with a $612.5K AAV. Andy Graziano reports  that the deal is a total of $1.225MM. Quine played in 10 playoff games with the Islanders, notching five points (1-4).
  • The Canucks officially announced the signings of goalie Richard Bachman and forward Michael Zalewski. Zalewski was inked to a one-year, $632.5K deal. Bachman signed a one-year, $575K deal. Jason Brough tweets that Bachman may be the goalie Vancouver leaves exposed in next year’s expansion draft.
  • The Lightning signed Cory Conacher to a one-year, $575K deal. Conacher will return to the team he last played for in 2012-13 before bouncing around the league. Conacher was traded to the Senators for Ben Bishop in 2013. At the time, it was considered a win for both teams, but would turn out a heist for the Lightning. Conacher played for Bern in the Swiss National League last season, and had 52 points (20-32) in 48 games.
  • The Panthers have re-signed F Logan Shaw to a one year, two-way deal according to General Fanager.  Shaw played in 53 games with Florida last season, picking up seven points (5-2).  He also played in 19 AHL games, collecting 14 points (11-3).  Shaw will earn $660K in the NHL and $70K in the AHL.
  • Ducks UFA Charlie Sarault has signed a one year deal with Dornbirner EC of the EIHL, the Austrian team announced on their Facebook page.  Sarault had 62 points in 67 games with Utah of the ECHL last season.
  • Los Angeles has signed Patrick Bjorkstrand to a one year, entry level contract, reports General Fanager.  Bjorkstrand, the older brother of Columbus prospect Oliver Bjorkstrand, spent last season with Zagreb of the KHL, scoring 22 points in 57 games.  He will have a cap hit of $667K in terms of base salary and a signing bonus and can earn up to $257K in performance bonuses.

Atlantic Notes: Nylander, Ceci, Bruins Prospects

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As we head deeper into the summer and with many of the bigger name free agents off the board, teams now are focused primarily on locking up any unsigned RFAs they may have. Additionally, many clubs are kicking off their annual prospect development camps which gives us a look at the next wave of NHL talent and a sneak peek at a handful of youngsters who may have a chance to impact their parent club’s fortunes as soon as this season. Along those lines, here’s the latest out of the Eastern Conference’s Atlantic Division.

  • Mike Harrington of The Buffalo News describes the show Sabres’ 2016 first-round pick Alexander Nylander is putting on at the club’s development camp. Nylander, the brother of Toronto Maple Leaf forward William Nylander, was chosen 8th overall in the 2016 entry draft out of Mississauga of the OHL. However, as Harrington notes, unlike most players selected out of the CHL, Nylander is eligible to join the Sabres AHL affiliate in Rochester as opposed to returning to his junior team should he not crack the Buffalo roster out of training camp. This is due to the fact he was not selected in the CHL import draft and was loaned by his Swedish club to Mississauga.
  • Harrington’s colleague at The Buffalo News, Jack Goods, writes about Nylander’s World Junior’s linemate, Rasmus Asplund, who was Buffalo’s second-round choice in the 2016 entry draft. Asplund’s development was accelerated by playing against men in the SHL the last couple of years. Like Nylander, Buffalo will have the option of playing him down in Rochester but Asplund himself has said another year in Sweden may be best for his development.
  • In a piece for the Ottawa Citizen, Ken Warren looks at the RFA case for D Cody Ceci and opines that recent deals suggest the 22-year-old blueliner is in line for a big payday; particularly if the Senators want him around long term. Teams have been paying big for quality defensemen, both on the UFA market and when retaining their own players, and Ceci certainly should land a sizable deal this summer.
  • CSNNE.com’s Joe Haggerty lists a few of the prospects at development camp who are expected to challenge for regular roles for the Boston Bruins in 2016-2017. Specifically, with the team in need of blueline depth, Brandon Carlo and Matt Grzelcyk, will be given a chance to make the team out of training camp. Up front, Jake DeBrusk and Danton Heinen, are mentioned as “dark horses,” in the push for a roster spot.
  • Writing for Bleacher Report, Lyle Richardson lists the 10 worst contracts for the upcoming season. The Atlantic Division placed four players on the list, the largest representation of any of the NHL’s four divisions. F Matt Moulson of the Sabres ranks 10th on Richardson’s list, with G Jimmy Howard (6th) of Detroit and F Ryan Callahan (4th) of Tampa Bay also making the cut. While I think his inclusion on this list might be a tad unfair as he’s still a quality goaltender, the emergence of Petr Mrazek between the Motown pipes has turned Howard into an expensive back-up and the Wings could look to move him ahead of next year’s expansion draft. Topping the list is Senators defenseman Dion Phaneuf, who has five years remaining on a deal that comes with an AAV of $7MM.

Full Salary Arbitration Hearing Schedule

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The NHLPA released the full schedule of arbitration hearings today, which will not include Jordan Weal, after he re-signed with the Philadelphia Flyers earlier today. Teams and players can still negotiate up until the hearing, and many will reach agreements before going to arbitration. For more information on the arbitration process, check out part one of our full guide.  Here is the full schedule:

PLAYER ELECTED FILINGS

Arizona Coyotes
Michael Stone – August 4, 2016

Colorado Avalanche
Tyson Barrie – July 29, 2016
Mikhail Grigorenko – July 22, 2016

Detroit Red Wings
Danny DeKeyser – July 28, 2016

Minnesota Wild
Jordan Schroeder – July 27, 2016

Nashville Predators
Calle Jarnkrok – August 4, 2016
Petter Granberg – August 3, 2016

New York Rangers
Kevin Hayes – July 27, 2016
Chris Kreider – July 22, 2016
Dylan McIlrath – July 21, 2016
J.T. Miller – August 2, 2016

Ottawa Senators
Mike Hoffman – August 4, 2016

Philadelphia Flyers
Brandon Manning – August 2, 2016
Brayden Schenn – July 25, 2016

St. Louis Blues
Jaden Schwartz – July 20, 2016

Tampa Bay Lightning
Alex Killorn – July 20, 2016
Vladislav Namestnikov – July 29, 2016

Toronto Maple Leafs
Frank Corrado – July 26, 2016
Peter Holland – July 25, 2016
Martin Marincin – August 2, 2016

Washington Capitals
Marcus Johansson – July 20, 2016

CLUB ELECTED FILINGS

Detroit Red Wings

Petr Mrazek – July 27, 2016

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