- The final stage in the sale of the Ottawa Senators has been going on for over three weeks and according to Bruce Garrioch of Postmedia there has been no indication of who will be awarded preferred bidder status. Garrioch writes that this may be a tactic being used to keep all the groups engaged in case they need fall back options should one of the bids fall through. The belief is that the final stage has been slowed by all the back and forth between the parties involved as they try to hammer down the final details in what should be the end of a very long process. Garrioch goes on to say that is does appear that this has become a three-horse race as it looks as though the Neko Sparks group is a long shot to win ownership of the club. They are having issues putting the financing in place, but at this time, they are still in the running.
Senators Rumors
Free Agent Focus: Ottawa Senators
Free agency is less than a month away and teams are looking ahead to when it opens. There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well. We continue our look around the NHL with an overview of the free agent situation for the Ottawa Senators.
Key Restricted Free Agents
F Alex DeBrincat – Ottawa general manager Pierre Dorion has said numerous times that the team will explore all options when it comes to DeBrincat. This includes the trade market or a long-term deal. DeBrincat had an uneven first season in Ottawa but appeared to get more comfortable as the season went on. While he wasn’t as good as he was in previous seasons in Chicago, he was still a machine on the powerplay putting up 11 goals and 19 assists with the man advantage. Overall DeBrincat was fine in his first season with the Senators putting up 27 goals and 39 assists in 82 games.
Ottawa acquired the Michigan native last year prior to the draft with the intention of signing him long term, however the 25-year-old forward still isn’t ready to discuss a long-term deal with the Senators which has prompted Dorion to explore the trade market. Given Ottawa’s needs this may be the best course of action, Ottawa has a lot of cap space tied up in the forward group and DeBrincat may be a luxury they can no longer afford.
Ottawa badly needs to improve their bottom six and goaltending situation and $9MM can go a long way towards doing that. DeBrincat will be looking for an eight-year deal on an extension and one would have to assume that it will exceed $8MM annually. The Senators may be wise to recoup their assets and try to fill out their roster with more depth as they attempt to get back to the playoffs for the first time in six seasons.
C Shane Pinto – Pinto is an interesting RFA case as he has Group 10.2 (c) status which basically means he hasn’t accumulated enough playing time to qualify for Group 2 RFA status. This provision will keep Pinto from being eligible for arbitration which allows Ottawa more bargaining power when talking contract with Pinto.
In his first full NHL season Pinto was expected to handle third line center duties but was elevated when Josh Norris went down with a should injury early in the season. Pinto filled in admirably putting up 20 goals and 15 assists in 82 games. The 22-year-old saw some powerplay time with Ottawa on their second unit but did most of his damage at 5v5.
Pinto doesn’t have much in the way of leverage as he enters his contract negotiations and will most likely sign a one-year deal for something between $1MM and $2MM and hope he can improve upon his performance last season and sign a longer-term deal down the road at a much higher cap number.
D Erik Brännström – Brännström took a step forward in 2022-23 as he set a career high with two goals and 16 assists in 74 games. While those numbers aren’t lofty, they do represent a moderate improvement for the young rearguard. Brännström will continue to have unrealistic expectations placed on him due to his draft selection as well as the fact that he was traded for the beloved Mark Stone. While he was drafted 15th overall in 2017, it is unlikely he will ever live up to those kinds of expectations. Despite his draft position, Brännström has become a productive player who should be a good piece for the Senators as a bottom pairing defenseman should they choose to keep him.
It’s hard to see Brännström topping $2MM annually on his next contract, but he could find himself pushed out of the Senators depth charts given how many left-shot defensemen the team already employs. He does still hold some value, and Pierre Dorion could view him as a piece to try and acquire forward help or another goaltender.
Other RFAs: D Jonathan Aspirot, D Jacob Bernard-Docker, G Dylan Ferguson, F Dylan Gambrell, F Julien Gauthier, D Jacob Larsson, F Viktor Lodin, G Kevin Mandolese, F Egor Sokolov
Key Unrestricted Free Agents
G Cam Talbot – Talbot came over from the Minnesota Wild in the now ill-fated one-for-one trade for Filip Gustavsson. While Talbot struggled with injuries and inconsistency, Gustavsson quickly develop into one of the best young goalies in the game and exactly the type of netminder the Senators were starving for. Dorion has already stated that Talbot will not be back, making the 36-year-old an unrestricted free agent coming off a down year in which he posted an .898 save percentage and a 2.93 goals against average. Talbot will likely be staring down a one-year deal with a cap hit somewhere between $1MM and $1.5MM with some incentives added in.
D Travis Hamonic – Hamonic came over in a trade from the Vancouver Canucks that was widely panned. Despite some shortcomings, Hamonic was relatively steady for the Senators this past season. He will never be an offensive juggernaut evidenced by his six goals and 15 assists in 75 games. But he did provide stability to Jake Sanderson during his rookie season. Sanderson praised Hamonic for the steadiness of his game and how easy it was to play with him. At 32 years old Hamonic could still be a part of the Senators defense, but it would likely be in a bottom pairing role on a cap number far less than the $3MM he made last season.
F Derick Brassard – Brassard had his best season since 2019-20 as he put up 13 goals and 10 assists in 62 games before finishing the season on IR with an injury. While he isn’t the offensive threat he was in his prime, Brassard proved that he could still provide depth scoring in the bottom six while jumping up to play on the top two lines in a pinch. At 35 years old the Hull, Quebec native might elect to hang up his skates and move on, however he is still an effective player who could find a role on a one-year contract around league minimum. Given that the Senators badly need help in the bottom six, they might be wise to hang onto Brassard as a cheap depth option who can slide up and down the lineup.
Other UFAs: G Antoine Bibeau, F Patrick Brown, F Rourke Chartier, D Nick Holden, F Jake Lucchini, F Scott Sabourin, F Austin Watson
Projected Cap Space
The Ottawa Senators provide a very good example of how quickly cap space can disappear as effective young players enter your depth charts. Just a few short years ago the Senators struggled to reach the cap floor and at times had to bring in expensive veterans on bad contracts just to reach the minimum. Now with so many good young players in the system and signed long-term, Ottawa is going to need to be creative to fill out their depth with inexpensive and effective players. This is something they haven’t been able to do the past few years, but it will be of utmost importance if they are going to become a contender in the Eastern Conference. Ottawa has just a shade over $17MM in remaining cap space for next season, but they have just 13 players signed to guaranteed NHL money next year. Pierre Dorion is going to be in tough to improve upon a roster that missed the playoffs this past year and is trending in the direction of being very top-heavy. Ottawa also must contend with possibly trying to fit in another big contract extension should they decide to keep Alex DeBrincat in the fold for the foreseeable future.
Photos courtesy of USA Today Sports Images. Contract information courtesy of CapFriendly.
Latest On Alex DeBrincat
After recently reporting that the Ottawa Senators were open to all options with all-star forward, Alex DeBrincat, Elliotte Friedman of Sportsnet reports that the Senators are now fully examining the trade market for the young forward. A restricted free agent this offseason, DeBrincat is due a $9MM qualifying offer, a number that few teams are going to be able to absorb.
On the first day of last year’s draft, the Senators acquired DeBrincat from the Chicago Blackhawks for a package including the seventh overall pick, the 39th overall pick, and the Senators’ third-round pick in the 2024 NHL Draft. Just after earning a 40-goal season with Chicago, Ottawa was hoping that DeBrincat would be the jolt of offense the team needed to get back to the playoffs.
Although starting off slow in Canada’s capital, DeBrincat finished the 2022-23 season with respectable numbers for his standards. In 82 games played, DeBrincat scored 27 goals and 39 assists, also providing the Senators with 109 hits, showing off a lot of physicality.
Ottawa has shown quite a bit of interest in signing DeBrincat to a long-term extension, but he has shown little to no inclination to sign a deal to remain with the Senators, as the team is now going through a change in ownership. Understandably, with the ownership of the team still in doubt, DeBrincat is wary of sticking around long-term in that situation.
For teams that have the cap space available, and should be in a position to be a consistent playoff contender in the near future, look towards two Atlantic-division rivals for the Senators, the Buffalo Sabres and Detroit Red Wings. This season, Buffalo was much closer to the playoffs than the Red Wings, and still has a long-term extension to work out with stud defenseman, Rasmus Dahlin. Nevertheless, DeBrincat would surely make the Sabres’ offense almost impossible to defend against, and with the cap space reportedly growing after next season, they would be able to fit DeBrincat into the long-term outlook.
For Detroit, DeBrincat makes perfect sense as the big-name acquisition that fans have been waiting on for years. Growing up in Farmington Hills, MI, DeBrincat gives the team a right-handed shooting forward that carries high-octane offense, something that the team has been missing for quite some time. As the Red Wings’ depth of prospects make the jump to the NHL over the next several seasons, Detroit has the cap space available to them to make DeBrincat a big part of their future.
New Owner Coming Soon For Senators
- As the Ottawa Senators look to find a new owner, Bettman states that the process could still take a couple more weeks (Tweet Link). The last time the Senators went through a sale was back in 2003 when the late Eugene Melnyk purchased the team for a reported sum of $92MM. Melnyk oversaw the Senators team that made it to the Stanley Cup Final in 2007, and the Eastern Conference Finals in 2017. Having passed in the spring of 2022, the team residing in Canada’s capital should have a new owner by the end of the month.
[SOURCE LINK]
Snapshots: Senators, Penguins, Luostarinen
Bruce Garrioch of Postmedia reported today that the talk amongst the bidders for ownership of the Ottawa Senators is that Toronto billionaire Steve Apostolopoulos is the current favorite to purchase the franchise. Apostolopoulos was one of four bidders with the other three being Los Angeles-based producer Neko Sparks, Michael and Jeffrey Kimel of Harlo Capital, and Toronto’s Michael Andlauer. Garrioch goes on to say that Apostolopoulos, who missed out on purchasing the NFL’s Washington Commanders is in the driver’s seat as he had the highest bid at $1 billion.
Garrioch adds that it is far from a done deal as there has been talk that the other ownership groups have been making moves to improve their bids and add additional people to their groups. Sources have told Garrioch that Andlauer is confident he will get the team and he believes his position with the Montreal Canadiens as an alternate member of the NHL’s board of governors will give him the inside track to the Senators ownership. There was talk earlier in the week that Andlauer and the Kimel’s might form a collective group, but those talks have apparently stopped after not getting very far.
It’ll be interesting to see where the Senator’s ownership saga goes in the upcoming weeks. Gary Bettman doesn’t generally like to have other teams making announcements during the Stanley Cup finals, and with game 1 set for Saturday night it might be well into June when there is an official announcement about who will be the next owner of the Senators.
In other snapshots from around the NHL:
- The Pittsburgh Penguins got to work today in the first day with Kyle Dubas at the helm. Dubas took over as president of hockey operations and interim general manager from Brian Burke and Ron Hextall and was quick to make moves to dismiss some members of the old guard. Josh Yohe of The Athletic reported that director of pro scouting Kerry Huffman, director of hockey operations and salary cap management Alec Schall, and senior VP of integrated performance Teena Murray were all let go with at least one year remaining on their contracts. All three were hired by Hextall and will not be part of the new management group in Pittsburgh as they rebuild their hockey ops after a disappointing season in which they missed the playoffs for the first time in 17 years.
- Tom Gulitti of NHL.com writes that Florida Panthers forward Eetu Luostarinen is practicing with the team in Vegas ahead of game 1 of the Stanley Cup finals tomorrow night. Luostarinen was paired back up with his usual linemates Sam Reinhart and Anton Lundell. The 24-year-old was injured in game 4 of the Eastern Conference finals against the Carolina Hurricanes but has yet to miss a game. Paul Maurice was quoted in The Hockey News on Monday saying that he expected Luostarinen to be ready for game 1 and things appear to be trending that way. Luostarinen has been a big part of the Panthers third line in this postseason putting up two goals and three assists in 16 games.
Ottawa Senators Open To Every Option With Alex DeBrincat
Bruce Garrioch of Postmedia is reporting that general manager Pierre Dorion and the Ottawa Senators are open to every option when it comes to pending restricted free agent forward Alex DeBrincat. Dorion and the Senators are prepared to offer the winger an eight-year contract extension, however the 25-year-old DeBrincat has yet to decide on his future which has left the Senators in a holding pattern.
It’s hard to fault DeBrincat for taking his time with such a life altering decision, especially given all the turmoil that has surrounded the Senators in the last decade and the uncertainty surrounding the franchises ownership situation. But, from Ottawa’s perspective they will need a decision soon as they move closer to the draft and free agency at what is a pivotal time for the club.
Dorion expressed these sentiments saying that if DeBrincat indicates he doesn’t want to sign long term or if they can’t reach a number that is palatable for both sides then the Senators will need to look at all their options which includes exploring the trade market or even taking the young forward to arbitration to try and shave as much as 15% off his $9MM qualifying offer. Dorion went on to say that the team should have more clarity prior to the draft making the next month a very interesting one in Canada’s capital city.
DeBrincat was good in his first season in Ottawa, although his numbers did drop from some of his previous campaigns in Chicago. The Michigan native tallied 27 goals and 39 assists in 82 games this past year but put up just 36 points at even strength compared to 50 even strength points the year prior. Dorion felt that DeBrincat struggled at times during the season but got stronger as the year went on giving him optimism that he could get back to some of the elite numbers he posted in Chicago when he topped 40 goals in multiple seasons.
Latest On The Sale Of The Ottawa Senators
Bruce Garrioch of Postmedia is reporting that league sources believe that there will be an agreement in place for the sale of the Ottawa Senators by this Friday. Garrioch quotes a league source that was told one of the bidders believes that Steve Apostolopoulos has the highest bid right now. Once a winning bid is selected and an agreement is made, the next step would be to have the deal be approved by the NHL’s executive committee. This step could drag the process into the summer making for an interesting draft and free agency period for Senators management. This comes at a crucial time for the on-ice product as the clubs young core will be looking to take that next step come the 2023-24 season.
Sale Of Team May Not Be Completed Until After Long Weekend
- Postmedia’s Bruce Garrioch suggests that the winner of the sale process for the Senators is now likely to be revealed next week since it wasn’t determined prior to the start of the Memorial Day long weekend. At the moment, none of the four groups have been told that they’re out although the Neko Sparks-led group is still trying to secure financing, a sign that their bid is on the lower end. When the bids were submitted earlier this month, Steve Apostolopoulos is believed to have offered the most money at $1BB.
Ottawa Senators Sign Nikolas Matinpalo To ELC
The Ottawa Senators have made a free-agent addition to their defensive lineup, announcing the signing of Finnish defenseman Nikolas Matinpalo to a one-year, entry-level contract. Per PuckPedia, Matinpalo’s deal carries a $855,000 cap hit which includes $800,000 base salary and an $85,000 signing bonus. He’ll earn a salary of $80,000 while in the minors.
During the 2022-23 season, Matinpalo recorded 16 points, including seven goals and nine assists, in 51 regular-season games with Ässät of the Finnish Liiga. Those were all career-highs for Matinpalo, 24, as he’s emerged as a highly-valued shutdown defender in Finnish circles.
Senators general manager Pierre Dorion expressed his enthusiasm for the acquisition in a statement:
Nikolas’ signing represents a good depth addition for us on defense. He took a big step this past season in improving his overall game in a short period of time. He has size, reach, and an active stick. He’s also a very good puck mover who competes and plays with urgency, which has helped him become a reliable defender.
Born in Espoo, Finland, Matinpalo entered the international stage this year, representing his country for the first time at the 2023 IIHF Men’s World Championship. In seven games played thus far, he has recorded three points, including one goal and two assists, helping Finland advance to the quarterfinals.
Matinpalo is the second undrafted free agent signing out of Europe for the Senators this offseason. The team signed 26-year-old Czech forward Jiří Smejkal earlier this month.
A right-shot defender, Matinpalo will be competing with younger names like Jacob Bernard-Docker and Lassi Thomson to crack Ottawa’s roster next year. The 6-foot-3, 207-pound defender certainly has a size advantage over both of them, but it remains to be seen whether Matinpalo can be proficient enough offensively to avoid becoming a liability at the NHL level.
Neko Sparks Group Recruiting Additional Investors
- Bruce Garrioch of Postmedia is reporting that there has been a lot of moving parts in the Neko Sparks bid for ownership of the Ottawa Senators. Garrioch speculates that the group could be facing an imminent deadline as they have recently brought in more investors and have apparently been pushing hard the past 48 hours to find more investors to get involved. The group has brought on Canadians Arlene Dickerson and Robert Herjavec who are both wealthy investors as well as television personalities on the hit Canadian television series Dragon’s Den.