Arizona Coyotes Re-Sign Ryan McGregor
The Arizona Coyotes have announced a one-year, two-way contract extension for pending restricted free agent Ryan McGregor. The financial terms of the deal have not yet been disclosed.
The former captain and star forward for the OHL’s Sarnia Sting, McGregor was a sixth-round pick of the Toronto Maple Leafs at the 2017 draft. He didn’t earn an entry-level deal with Toronto, but did manage to get an ATO with the AHL’s Toronto Marlies. After his final OHL campaign in 2019-20 McGregor signed an entry-level contract with the Coyotes.
McGregor, now 24 years old, scored 18 point in 34 games in his first pro season with the AHL’s Tucson Roadrunners. After he missed most of the 2021-22 campaign due to injuries, McGregor managed to get into Roadrunners head coach Steve Potvin’s lineup 59 times, scoring 18 points.
He set a career-high of 12 goals in that span, and while he remains a long way from NHL viability this extension gives McGregor another year to develop his game in the AHL. He’ll now have an extra year to distance himself from his past injury issues and hope to make a sustained push for a greater role in the Roadrunners’ lineup.
Seattle Kraken Re-Sign Gustav Olofsson
The Seattle Kraken have announced that defenseman Gustav Olofsson has been re-signed to a two-year, two-way contract carrying a league-minimum $775k AAV. Per CapFriendly, the deal carries a $350k AHL salary.
Olofsson, 28, has spent the last two years in the Kraken organization since signing with them in August 2021. He’s largely been a reliable AHL blueliner, and this past year he earned his first NHL games with the Kraken, earning his first NHL games since 2019-20. An AHL All-Star in 2015-16, Olofsson was counted on by head coach Dan Bylsma during the Coachella Valley Firebirds’ run to Game Seven of the Calder Cup Finals.
He isn’t much of an offensive player (Olofsson’s career-high in points as a professional is 24) but he offers decent size standing six-foot-two 200 pounds and has 62 games of NHL experience as well as some value as a locker-room leader. Olofsson’s been an alternate captain for both the Kraken’s affiliates and his former team, the Montreal Canadiens.
In locking him up for the next two seasons at an eminently affordable cost, the Kraken have ensured some continuity on their AHL blueline. They’ve also guaranteed that a familiar face will be waiting for them as a potential call-up should they run into injury issues on defense over the course of the next two seasons.
While GM Ron Francis has maybe more significant business to get done this summer, such as re-signing breakout blueliner Vince Dunn, this is extension will certainly help the Firebirds as they look to go on another long playoff run next year.
Anaheim Ducks Acquire Andrew Agozzino
The Anaheim Ducks and San Jose Sharks have completed a swap of minor-league players. Anaheim is acquiring veteran forward Andrew Agozzino from San Jose in exchange for the negotiating rights to veteran defenseman Andrej Sustr, who is set to hit the unrestricted free-agent market on July 1st.
Sharks assistant general manager Joe Will issued the following statement regarding the transaction:
Andrew requested a trade after the season, citing personal reasons, and we wanted to facilitate his request. We thank Andrew for everything he did with the organization last year and we wish him the best of luck moving forward.”
In trading Agozzino, 32, the Sharks have dealt the captain of their AHL affiliate and a player who is under contract through next season at a $775k cap hit. An undrafted player, Agozzino has long been a quality scorer at the junior and AHL level, ever since his days with the OHL’s Niagara IceDogs.
He’s a three-time AHL All-Star who led the AHL’s San Jose Barracuda in scoring with 26 goals and 61 points in 63 games. In 664 career AHL games Agozzino has 516 points, and he’s worn a letter at pretty much every stop of his AHL career.
At the NHL level Agozzino has struggled to stick on a roster for an extended period, and he has just 12 points in 51 career games. He did manage to contribute three points in four NHL games this past year with the Sharks, but despite his impressive AHL form the Sharks gave him his first call-up in late March. Agozzino is likely hopeful he’ll get an increased NHL opportunity in Anaheim.
Ducks GM Pat Verbeek has looked to overhaul his AHL affiliate this offseason, and he started in April when he hired a new head coach. Now, he’s added a valued leader and potential top scorer to his farm team.
For the Sharks, the motivation behind this deal seems to be largely an effort to do right by a veteran player who had a strong season with their affiliate. There’s no word on whether the Sharks plan on signing the six-foot-seven Sustr, though the 32-year-old does bring a valuable 361 games of NHL experience.
Players and agents across the league take notice of trades like this, when a team goes out of its way to help a player. By trading Agozzino to a potentially more favorable opportunity they’ve done exactly that. It’s possible the true value in this trade for the Sharks lies there.
Dallas Stars Extend Evgenii Dadonov
The Dallas Stars are bringing back a good piece of forward depth, re-signing Evgenii Dadonov to a two-year contract extension through the 2024-25 season. The deal, worth $4.5MM, carries an average annual value and cap hit of $2.25MM.
Dadonov, 34, played a crucial depth scoring role for the Stars after a late-season trade from the Montreal Canadiens. He notched 15 points in 23 regular-season games and 10 points in 16 playoff games after a rough go of things with the Habs, finishing his tenure there with just 18 points (and just four goals) in 50 games.
Stars general manager Jim Nill expressed his satisfaction with an extension getting done:
Re-signing Evgenii was high on our priority list. He was a key player for us down the stretch, and he elevated his game on the big stage during the playoffs. We’re happy to get a deal done that works for both sides.
It was, unfortunately, a tough end to the season for Dadonov, who missed the final three games of Dallas’ Western Conference Final loss due to a lower-body injury sustained early in Game 3. He’ll get a chance for two more deep playoff runs with the Stars and head coach Pete DeBoer.
Dadonov’s NHL journey spans nine seasons, during which he has accumulated 131 goals and 167 assists for 298 points in 486 regular-season games. He has suited up for five teams, including the Stars, Canadiens, Vegas Golden Knights, Ottawa Senators, and Florida Panthers. He’ll hit the 500-game milestone this season, a remarkable feat for a player who also suited up for six seasons and over 300 games in the KHL.
With Dadonov under contract, Dallas’ forward corps for next season already appears close to set. The team still has $5.1MM in projected cap space, per CapFriendly, but they need a new contract for pending RFA Ty Dellandrea. They’ll also need to replace or re-sign Max Domi, Luke Glendening, and Joel Kiviranta, although youngsters Logan Stankoven and Mavrik Bourque could provide cost-effective solutions in those depth roles.
Los Angeles Kings To Acquire, Extend Pierre-Luc Dubois
Perhaps the first true blockbuster deal of the offseason has finally materialized. TSN’s Darren Dreger reports the Los Angeles Kings are acquiring center Pierre-Luc Dubois from the Winnipeg Jets, who receive a significant return in Alex Iafallo, Gabriel Vilardi, Rasmus Kupari, and a second-round draft pick in 2024, originally belonging to the Montreal Canadiens. Per NorthStar Bets’ Chris Johnston, Dubois is signing an eight-year extension (technically with Winnipeg before the trade) worth $8.5MM per season.
Dubois arrived in Winnipeg over two years ago in a star-for-star trade that saw Patrik Laine head to the Columbus Blue Jackets. The two players were selected third and second overall, respectively, in the 2016 NHL Entry Draft. It looked like a rather disappointing trade for both sides at the time – Dubois had just 20 points in 41 games down the stretch with the Jets in 2020-21 and played a decidedly middle-six role, barely averaging over 15 minutes per game.
Things took a dramatic turn for the better over the following two seasons, though. Fresh off back-to-back 60-point seasons for the first time in his career, Dubois is now entering his prime and much closer to the player everyone thought he could be. He won’t impress anyone defensively, but he’s a very high-end play driver and is a good weapon on the power play.
It’s a fresh start for Dubois on the West Coast. He’s long been posturing to get himself traded to a larger market, although most had assumed until recent weeks that it would be the Montreal Canadiens. With Winnipeg looking to retool on the fly, though, the Kings’ package of NHL-ready talent was a much more appealing return.
That being said, this is a lot to give up (and an awfully rich extension) for Dubois, who’s a good top-six center but not a bonafide first-line pivot. Vilardi, the 11th overall pick in 2017, finally broke out this season in a big way after multiple serious injuries derailed his development. The 23-year-old notched 41 points in 63 games, played a great possession game, and could very well replace Dubois’ role in the Jets lineup on his own. With the addition of Iafallo, who’s a very strong middle-six two-way winger, it seems those two on their own might have been enough value to land Dubois. He had 36 points in 59 games last year, on pace for a career-high of 50 in a full season.
Add in Kupari, who doesn’t have a terribly high ceiling but is an established NHLer who appeared in 66 regular-season games and six playoff games this year, and Winnipeg’s got three fresh pieces to help kickstart a significant retool. The 2024 second-round pick is also a very nice addition for the Jets – it finds its way to them via the Canadiens and Coyotes, switching hands in the Christian Dvorak and Sean Durzi trades.
Photo courtesy of USA Today Sports Images
The Athletic’s Murat Ates was first to report the package was in place.
San Jose Sharks Expected To Acquire Mackenzie Blackwood
The San Jose Sharks have reportedly acquired goaltender Mackenzie Blackwood from the New Jersey Devils, per Kevin Weekes of ESPN. The Sharks are sending a sixth-round pick in an undisclosed year to the Devils for the netminder, which checks an item off the Devils’ long offseason checklist.
Once a highly-regarded up-and-comer, things have gone spectacularly off the rails for Blackwood in recent seasons, mainly due to injury troubles. Selected 42nd overall in 2015, Blackwood posted a 22-14-8 record in 43 starts during his rookie season in 2019-20 and finished sixth in Calder Trophy voting. He’s started just 79 games in the three seasons since then, achieving just a .897 save percentage and a 33-33-10 record. For a team looking to contend for the Cup next season, it’s simply not good enough – especially for the $3.36MM qualifying offer he was due as a pending restricted free agent.
The Sharks, who are in desperate need of a netminder, get their fix with another reclamation project. They’ll have no issue accommodating whatever they’ll end up signing Blackwood to, entering the offseason with over $14MM in projected cap space (CapFriendly).
For now, he’ll form a tandem in the Bay Area with Kaapo Kahkonen, who’s under contract at a $2.75MM cap hit in 2023-24 and posted similarly poor numbers this past season. Both are 26 years old, and the Sharks will need to work with both closely to restore their career trajectories.
Blackwood’s still a netminder with plenty of NHL experience, though, and a sixth-round pick is certainly worth the gamble on the netminder. With his play sharply declining, though, there didn’t seem to be a ton of interest on the trade market, so New Jersey had to settle.
Latest On Travis Sanheim
The Philadelphia Flyers will be one of the hottest names in trade talks all offseason long, and the second domino fell earlier today with Kevin Hayes getting shipped to St. Louis. One name supposed to be included in that trade was defenseman Travis Sanheim, who remains a Flyer thanks to Blues defenseman Torey Krug‘s no-trade clause eliminating all the ancillary parts of the proposed deal.
It remains clear, though, that Sanheim is a highly sought-after asset – he was expected to fetch Krug and a first-round pick from St. Louis (either 25th or 29th overall) in return. Teams are still calling on him, namely the Toronto Maple Leafs and Winnipeg Jets, says The Fourth Period’s David Pagnotta.
Sanheim, a former first-round pick (17th overall) in the 2014 NHL Draft, is Philadelphia’s most competent all-around defenseman and has been for the past few seasons. His stock took a small hit in 2022-23, seeing his offense dip to 23 points in 81 games and his defensive play falter at times, and it certainly wasn’t the best timing with an eight-year, $50MM extension with trade protection set to kick in on July 1. It seems at least a few teams are attributing that to the team around him, though, and they believe the 27-year-old is still a high-end top-four defender.
Despite having many holes to fill among their forward group, the Maple Leafs seem to keep popping up in conversations surrounding marquee defenders on the trade market. While they were already linked to Erik Karlsson earlier today, acquiring Sanheim would be a more financially sensible and palatable move for their needs. Sanheim would slot behind Morgan Rielly on the team’s depth chart of left-shot defenders, likely kicking Jake McCabe over to the right side and keeping 39-year-old Mark Giordano in a bottom-pairing role. Toronto’s been reported to have their first-round pick, 28th overall, on the block for more immediate boosts to their lineup.
The Winnipeg Jets are scouring the trade market for talent, looking to retool on the fly and keep their team competitive despite the impending departures (via trade or buyout) of Blake Wheeler, Connor Hellebuyck, and Pierre-Luc Dubois. There doesn’t seem to be a lot of roster room for Sanheim with the Jets, so a potential trade could involve the final season of Brenden Dillon‘s contract at a $3.9MM cap hit heading to the Flyers. The 32-year-old Jets defender does not carry trade protection.
Montreal Canadiens Acquire Alex Newhook
Rumors had been swirling the past few days regarding the Montreal Canadiens wanting to get their hands on a young forward. They’ve done just that, making a trade with the Colorado Avalanche to acquire the rights to promising young center Alex Newhook, parting ways with their 31st and 37th overall picks in the 2023 NHL Draft, along with defenseman Gianni Fairbrother.
Already a Stanley Cup champion, the St. John’s, Newfoundland-born Newhook recorded 14 goals and 16 assists in 82 regular-season games for the Avalanche in 2022-23. They’re nice totals, but Colorado was expecting (hoping?) for him to take over the second-line center spot – a job he lost weeks into the season to J.T. Compher. After recording just one assist in seven playoff games in a first-round loss against the Seattle Kraken, the Avalanche evidently felt it was time to cut ties and get two decent draft picks in a loaded 2023 class.
A first-round pick of the Avalanche in the 2019 NHL Draft (16th overall), the 5-foot-10, 190-pound center has accumulated 27 goals and 39 assists in 159 career games. He recorded four assists in 12 playoff games during Colorado’s run to the 2022 Stanley Cup.
For Montreal, this is awfully reminiscent of last year’s Kirby Dach trade with the Chicago Blackhawks. They’re hoping to strike gold twice after Dach emerged as a legit top-six threat for the Habs in 2022-23. In order to do that, though, they’ll need to get Newhook signed to a new contract – he’s a pending restricted free agent. It shouldn’t be much of an issue with Carey Price‘s $10.5MM cap hit destined for long-term injured reserve yet again in 2023-24. NorthStar Bets’ Chris Johnston says the two sides don’t have an extension in place yet.
It did take a little more value from Montreal’s end to acquire Newhook than it did Dach, though. The late first and early second-round picks in this draft are arguably equivalent to late first-round picks in last year’s, although the 22-year-old Fairbrother is a bit of a wild card after missing the entire 2022-23 season with a knee injury. Montreal had used the 77th overall pick on him in 2019.
Multiple Teams Engaging In Erik Karlsson Trade Talks
An expectedly hot trade market could soon see a rather Earth-shattering trade. Newly-crowned Norris Trophy winner Erik Karlsson of the San Jose Sharks has been on the trade block for quite some time, and he’s made it known he’d like to get dealt to a contender.
Now, we have some clarity on some teams EK65 could suit up for next season. The Toronto Maple Leafs, Carolina Hurricanes, and Seattle Kraken have reportedly initiated discussions with the Sharks regarding the possibility of acquiring the star defenseman, says Pierre LeBrun of The Athletic. LeBrun also indicates, though, that Karlsson has not yet provided Sharks general manager Mike Grier with a list of preferred destinations, leaving the trade negotiations as an “open canvas.”
Karlsson boasts a massive $11.5MM cap hit through 2027 and has long been considered one of the most dynamic defensemen in the league. However, injuries had plagued the Swedish defenseman in recent seasons, dampening his on-ice impact. 2022-23 saw him shake off most of the rust, though, becoming the first defenseman to record 100 points in a season since Brian Leetch in 1991-92. Nevertheless, his defensive deficiencies combined with the concern for re-injury will likely involve the Sharks, and potentially a third party, retaining massive amounts of his salary.
The Maple Leafs are definitely the team who would need the most help via salary retention to get a deal done. They are slated to have around $14.75MM in cap space with defenseman Jake Muzzin headed for long-term injured reserve, but they need to fill at least five roster spots at forward and get a new contract signed for netminder Ilya Samsonov. A trade, however unlikely it may seem, could include T.J. Brodie, who’s locked in at a $5MM cap hit next season and is a UFA in 2024. Karlsson would essentially replace his spot in the lineup.
Few teams would complement Karlsson’s puck-moving style as well as Carolina. This is likely a fallback option for them if they can’t reach an extension with Brett Pesce, although it’s hard to imagine two players at further ends of the defense spectrum. One would have to wonder about the necessity of acquiring Karlsson for the ‘Canes, though, as a former teammate of Karlsson’s, Brent Burns, is already under contract through 2025, and they’re still working on acquiring Anthony DeAngelo from the Philadelphia Flyers (which, legally, can’t be completed for another few weeks for cap circumvention purposes).
As for the Kraken, the budding franchise has apparently wasted no time in trying to solidify themselves as a championship contender after winning their first playoff series this spring. They’ve got a bevy of talented forwards and a true four-line attack, but their biggest roster hole lies with a second-pairing right-shot defenseman behind shutdown stalwart Adam Larsson. They do have the cap room to make it work – their only notable expenditure this offseason will be re-signing blueliner Vince Dunn, which could cost them around $7MM per season. It still would leave them with about $13MM in cap space and very few other roster holes to fill, making this a very doable task for the Kraken with 35-50% salary retention.
More to come…
St. Louis Blues Acquire Kevin Hayes
The wait is over, and it’s a bit of a letdown. The long-winded trade between the Philadelphia Flyers and St. Louis Blues is complete, and center Kevin Hayes will be heading to the Blues for a 2024 sixth-round pick, the teams announced.
Daily Faceoff’s Frank Seravalli reports the Flyers, as expected, will be retaining half of Hayes’ salary for the life of his contract. For the next three seasons, both the Flyers and Blues will be on the hook for $3.57MM in cap space for Hayes.
Fans of both teams were expecting a much larger deal to come through, but with Blues defenseman Torey Krug reportedly opting not to waive his no-trade clause, the additional pieces in the trade, expected to be Flyers defenseman Travis Sanheim and one of St. Louis’ late first-round picks in this week’s draft, were removed.
While most would agree Hayes was overpaid on his deal, earning him more than $7MM, a 50 percent discount is an extremely appealing acquisition for the retooling Blues. He’s still a capable middle-six center, and his acquisition will alleviate Pavel Buchnevich, allowing him to return to his natural spot on the wing after shifting to center at the end of 2022-23.
St. Louis will be Hayes’ fourth team in his nine-year, 634-game NHL career. He’s had consistent offensive production throughout his career, routinely scoring between 40 and 55 points (at least in full seasons), but he was given far too lofty expectations when he signed in Philadelphia.
The messaging is clear here from the Flyers’ side: a rebuild is here, and it’s massive. Opting to retain a decent chunk of change on Hayes for three seasons – with essentially no compensation – signals they don’t anticipate spending to the cap ceiling anytime soon.
While moving on from Hayes doesn’t free up cap space that the Flyers need to use, it does free up some needed roster spots down the middle of the ice. Both Morgan Frost and Noah Cates are in line for more ice time after strong campaigns in 2022-23, and with Sean Couturier slated to return to play next season, Hayes could have pushed one (or both) of Cates and Frost into a bottom-six role.
Hayes’ 54 points in 81 games last season would have ranked fifth on the Blues. He’ll likely slot into a third-line center spot there behind Robert Thomas and Brayden Schenn, although he could overtake Schenn on the depth chart if things go well.
ESPN’s Kevin Weekes was first to report the trade.
Photo courtesy of USA Today Sports Images.