New York Islanders Sign Bo Horvat To Eight-Year Contract Extension
The New York Islanders have agreed to an eight-year contract extension with recent trade acquisition Bo Horvat. The terms of the contract have not been officially disclosed at this time, but Sportsnet’s Elliotte Friedman reports that the extension carries an $8.5MM average annual value. The deal will keep him under contract until he is 36 years old.
As reported by NYI Hockey Now’s Stefen Rosner, Islanders General Manager Lou Lamoriello had the following to say regarding this newly-signed extension: “It’s too long and it’s too much money.”
Lamoriello also noted that the contract was finalized as the first order of business this morning. When the Islanders initially acquired Horvat, the team had not yet discussed the framework for a contract extension.
The contract extension comes after the Islanders made a surprising trade to acquire the former Vancouver Canucks captain. The Islanders, who are already paying contracts with term attached to four centers, were not one of the teams most expected to be in the mix for Horvat’s services.
Given what the Islanders gave up to acquire Horvat, though, (a first-round pick Anthony Beauvillier, and prospect Aatu Raty) it makes sense that the team would be interested in retaining Horvat beyond this season.
The presence of Mathew Barzal ($9.15MM through 2031, kicking in next season), Brock Nelson ($6MM through 2025), Jean-Gabriel Pageau ($5MM through 2026) and Casey Cizikas ($2.5MM through 2027) didn’t stop Lamoriello from taking out his checkbook to pay for another pivot. With Horvat locked into the team’s forward core for the rest of the decade, it seems one of those Islanders will at least in the short term switch to the wing.
Horvat earns this max-term contract extension on the heels of the best offensive season of his career. Horvat’s career high in points is 61, and with 54 in 49 games this season he looks on pace to fly past that mark.
He already has 31 goals this year, which matches his previous high that he set last season. A two-time All-Star, Horvat is respected across the NHL for his leadership and two-way ability. Horvat has served as the Canucks’ captain for the past four years.
In his one taste of playoff action, he scored 12 points in 17 games, leading the Canucks to an upset victory over the St. Louis Blues in the first round and then through a seven-game dogfight where they nearly knocked off the first-seeded Vegas Golden Knights.
The playoffs are exactly where the Islanders are hoping to end up with Horvat, and despite long odds for this season this extension seems to be the franchise doubling down on their short-term competitive goals. It was only a short time ago that the Islanders looked like the second-best team in the NHL, losing back-to-back Eastern Conference Finals to the Tampa Bay Lightning, the latter series going all seven games.
At the moment, the Islanders sit sixth in the Metropolitan Division with 25-22-5 record and 55 points. While they’re technically just two points back of the Pittsburgh Penguins for the final Wild Card spot, the Penguins have three games in hand, and the Buffalo Sabres (who are above the Islanders with 56 points) have two games in hand.
Even if the Islanders fail to make the playoffs this season, it’s true that this extension will improve their team’s odds of getting there in subsequent seasons. Horvat is an unquestionably talented player and someone who can be a great second-line pivot on a contending team. The Islanders have Barzal as their incumbent first-line center, though it’s possible that this signing shifts Barzal to Horvat’s wing.
Horvat is one of the league’s better players at the faceoff dot, and has won 56% of his draws this season. In contrast, Barzal has won just 35.9% of his draws. Should head coach Lane Lambert prefer a better face-off man as his first-line center, Barzal could very well end up on the wing moving forward.
The Islanders have quite a few pricey contracts for veteran forwards on their books, and this deal only adds to it. Barzal, Nelson, Pageau, Anders Lee, Josh Bailey, Kyle Palmieri, Ryan Pulock, and Adam Pelech are all under contract beyond this season at above a $5MM cap hit. Horvat adds an $8.5MM hit on top of that and leaves the Islanders in a relatively precarious salary cap position.
With so much of their core locked into contracts, the team has been left with precious little wiggle room to make changes and upgrades to their roster. A rise in the salary cap would benefit them enormously, especially as Ilya Sorokin is scheduled to hit unrestricted free agency in the summer of 2024.
This is an Islanders team that has severely underperformed relative to what their veteran players have been capable of producing in the past. If Lambert and his coaching staff can get a few of these underperforming veterans to pick things up, then this can be a very competitive team in the near future.
But that’s far from a given, and many of their players have been trending downward for multiple seasons. Such a trajectory might cause some franchises to consider pivoting toward younger players and building toward another competitive window. Other franchises, like the Islanders here with this extension, choose to acquire more veteran talent to supplement the players they already have.
There’s no exact right answer to the question of what to do with an underperforming team. There are major risks to trading quality players for draft picks and prospects, and the allure of a low-pressure rebuild can shroud the very real possibility that the prospects acquired don’t pan out and the draft picks selected don’t meet expectations.
Building a competitive NHL team is hard. It’s a steep challenge, and while Lamoriello himself stated that the price tag attached to this deal is a bit high, it’s also unavoidable. Giving talented players contracts that might be somewhat unsavory is simply the cost of doing business in the NHL. if a team wants to get better, this is usually the area of the market they need to shop in.
Is this extension risky? Absolutely. The Islanders could continue their downward trend and be locked into another pricey contract for an aging veteran. The deal would absolutely be a setback. But looking at things more generously, Horvat could be exactly the kind of player the Islanders need to spark a team-wide resurgence.
Although those long-term question marks linger, the Islanders have unquestionably improved with Horvat’s acquisition. With this Horvat extension, they have ensured the source of that improvement doesn’t end up leaving for another team in just a few months, which is a bit of business that’s difficult to complain about.
Adam Erne Clears Waivers
02/05/23: Erne has cleared waivers, according to CapFriendly. He’ll now be able to head to AHL Grand Rapids to continue his season.
02/04/23: While the Red Wings are off until Tuesday, they have made a roster move today as Sportsnet’s Elliotte Friedman reports (Twitter link) that they’ve placed winger Adam Erne on waivers.
The 27-year-old has played in 43 games with Detroit so far this season, picking up six goals and eight assists while logging just shy of 14 minutes a night. Those numbers are actually better than a year ago on a per-game basis while he has a chance of setting a career high in points if he stays in the NHL and produces at a similar pace the rest of the way. Erne also has recorded 122 hits; his 2.84 per game average is a career best.
With that in mind, it might be a bit surprising to see him on waivers. However, it’s not the riskiest of moves for GM Steve Yzerman as Erne carries a $2.1MM cap hit while he’s eligible for unrestricted free agency for the first time this summer. While Erne would fit on quite a few teams in terms of roster needs, not many of them have enough cap room to try to add him. Filip Zadina is currently on a conditioning loan with AHL Grand Rapids and it’s possible that he’d come back to take Erne’s place in the lineup.
Assuming he clears on Sunday, Erne would be the third veteran Red Wing to be buried in the minors in recent weeks. Jakub Vrana cleared waivers a month ago today while Alex Nedeljkovic was unclaimed two weeks later. Even with those players in the AHL where they still mostly count against Detroit’s salary cap, they project to finish the season with more than $6.5MM in cap space, per CapFriendly so it’s safe to say these moves aren’t cap-related. The Red Wings have some good depth and as their team gets healthier, the roster crunch is starting to be felt. Erne appears to be the next casualty of that.
New York Islanders Recall Simon Holmstrom, Samuel Bolduc
02/05/23: The Islanders have brought Holmstrom and Bolduc back to their active roster today, per a team announcement. Raty, of course, is no longer eligible for the Islanders to recall because he was shipped to the Vancouver Canucks as part of the Bo Horvat trade.
Holmstrom played one game during his stint in Bridgeport during the break, registering two shots on goal in a 4-1 loss to the Hershey Bears. Bolduc also registered two shots in that contest, and now both find themselves back up on Long Island.
01/29/23: Expect a lot of teams to send their fringe roster players down to the minors today, with most having wrapped up their schedules before the All-Star break this weekend. The New York Islanders continue that trend, as the team announced Sunday they’ve loaned forwards Aatu Raty, Simon Holmstrom, and defenseman Samuel Bolduc to the Bridgeport Islanders.
The move is especially necessary for Bolduc, who is slated to participate in the AHL All-Star Classic, as Newsday’s Andrew Gross notes. After a rough 2021-22 season, the 2019 second-round pick has rebounded nicely with 26 points in 40 AHL games this year.
Called up last weekend as Noah Dobson went down with a lower-body injury, Bolduc played four consecutive games, his first in the NHL. He didn’t look entirely out of place, recording a +2 rating, four shots on goal, and an average ice time of 14:32 per night. If Dobson is ready to go by the time the break ends, though, expect Bolduc, who is waivers exempt, to stay in the minors.
Holmstrom and Raty, both just 21 and 20, respectively, haven’t produced much in their NHL stints this season, but that’s to be expected given their limited opportunities in the Islanders lineup.
The 20-year-old Raty fell to 52nd overall in the 2021 NHL Draft after once being viewed as a potential first-overall contender. Still, he’s done well in his first professional season in North America. He’s scored twice in 12 appearances with the Isles and has 15 points in 27 games down in Bridgeport.
Holmstrom also made his NHL debut this season, and he’s played 24 games in New York compared to just 15 in Bridgeport. The team’s 2019 first-round pick has three points (two of them goals) in those NHL appearances but has played less than 12 minutes a night in limited offensive roles.
Holmstrom and Raty could be recalled back to New York after the break concludes if injuries to Hudson Fasching, Cal Clutterbuck, and Oliver Wahlstrom persist.
San Jose Sharks Activate, Re-Assign Nikolai Knyzhov
The San Jose Sharks have announced that defenseman Nikolai Knyzhov has been activated from his long-term injury conditioning loan, and re-assigned to the Sharks’ AHL affiliate, the San Jose Barracuda.
This return is a long time coming for Knyzhov, 24, who has been recovering from an Achilles injury for over a year. Before his conditioning stint began in January, Knyzhov had last played competitive hockey in May 2021, when he skated in over 21 minutes of a Sharks 6-0 loss to the Vegas Golden Knights.
Before his injury, Knyzhov had steadily developed for the Sharks, going from a depth defenseman in 2019-20 to a candidate for top-four ice time in 2020-21. He’d taken a bit of a wild road to that point, with stops in the WHL, his native Russia, and the NAHL.
Now, Knyzhov has worked his way back to full health and has re-entered the Sharks’ defensive picture. He’s largely skated in a top-four role during his three-game conditioning stint with the Barracuda and will head back there to in all likelihood play a major role for the squad.
The Sharks currently carry seven defenseman, five of whom either have significant NHL experience or have been leaned on by coach David Quinn. It’s possible that Knyzhov unseats Scott Harrington or Jacob MacDonald for a role in the NHL lineup, although he’ll likely need to spend some time in the AHL getting back up to speed first.
Nashville Predators Recall Tommy Novak, Kevin Gravel
02/05/23: Both Gravel and Novak have been recalled from the AHL, in advance of the Predators’ return to the ice after the All-Star break. The move leaves the Predators with 22 out of 23 spots filled on their active roster.
01/27/23: With the Nashville Predators finished their pre-All-Star break schedule, they’ve sent a couple of bodies back to the minor leagues for the time being. Kevin Gravel and Tommy Novak, neither of whom need waivers at the moment, have been reassigned to the Milwaukee Admirals.
Gravel only came up this week when Alexandre Carrier was ruled out, and will likely be right back with the NHL club following the break. The big defenseman played 11:12 last night, recording four shots on goal, two hits, and three blocks. With Carrier missing for at least a month, the Predators defensive depth will be tested, and even more responsibility placed on the top few names.
Novak, meanwhile has been a semi-regular this year, playing in 19 games for the Predators so far. His performance in those games has been excellent, racking up four goals and 11 points despite playing just over 11 minutes a game.
The 25-year-old forward has been an excellent offensive player in the minor leagues for the last few years, but only has 46 NHL appearances to his name. He’ll also qualify for Group VI unrestricted free agency this summer unless he plays in every single remaining game for the Predators this season.
He’ll be back next week when the Predators return to action.
Calgary Flames Recall Jakob Pelletier, Dennis Gilbert
The Calgary Flames have announced that forward Jakob Pelletier and defenseman Dennis Gilbert have been recalled from the team’s AHL affiliate, the Calgary Wranglers. The two recalls fill two vacant spots on the Flames’ roster, leaving them with 22 out of 23 used spaces on their active roster.
Pelletier, 21, is the bigger name in this duo. He’s a 2019 first-round pick who is among the Flames’ top prospects, recently ranked third in their system by The Athletic’s Scott Wheeler. (subscription link) Pelletier was first called up to the NHL in January and ended up playing four games for coach Darryl Sutter’s side.
Sutter’s cold evaluation of Pelletier’s NHL debut to the media made headlines, and in his first two games, Pelletier got just 6:50 and 7:36 time on the ice, respectively. His ice time ticked up in his final two games, though he didn’t manage to register his first NHL point.
Pelletier is a talented offensive player who has scored very well at the junior and AHL levels. He has 36 points in 33 games for the Wranglers this season and has been a point-per-game player in his 99-game AHL career. He’ll be able to provide an offensive spark to the Flames’ lineup as they prepare for a road trip.
Gilbert, 26, is not nearly as flashy of a recall but does have more NHL experience than Pelletier. The American blueliner has played in 34 career NHL games, nine of which have come this season. He last played in the NHL on January 27th, logging just over 13 minutes in a 5-2 victory over the Seattle Kraken.
Now back on the NHL roster, it’s likely that Gilbert will serve as the team’s seventh defenseman for the duration of their road trip, if not longer. He seems to have settled nicely into his role as a priority call-up and number-eight or nine blueliner on the Flames’ depth chart and gives the organization top-four play in the AHL as well as competence in limited minutes in the NHL.
Trade Deadline Primer: Columbus Blue Jackets
With the All-Star break now upon us, the trade deadline looms large and is just a month away. Where does each team stand and what moves should they be looking to make? We continue our look around the league with the Columbus Blue Jackets.
When the Columbus Blue Jackets signed Johnny Gaudreau to a seven-year, $68.25MM contract last summer, and followed it up with a four-year, $34.8MM deal for Patrik Laine, the message was clear: it’s time for a new identity. Seth Jones had been traded, and there was to be a new duo leading the way to contention. Gaudreau and Laine seemed like a perfect fit stylistically, and the team committed nearly $20MM per season to put them together.
Unfortunately, you can’t predict injuries, and the absences have decimated the Blue Jackets. Laine has missed time on several occasions, Zach Werenski was ruled out early for the season, Jakub Voracek‘s career is in doubt, and the injured reserve list has had at least five or six players on a constant rotation through the year. The Blue Jackets’ season is over, and now they will be focused on securing the best draft position by losing as many games as possible down the stretch. Trading off expiring assets is a must.
Record
15-32-4, 8th in the Metropolitan
Deadline Status
Seller
Deadline Cap Space
$8.87MM in LTIR relief (with the possibility for much more), 0/3 retention slots used, 45/50 contracts used, per CapFriendly.
Upcoming Draft Picks
2023: CBJ 1st, CBJ 2nd, CBJ 3rd, CGY 3rd, CBJ 4th, WPG 4th, CBJ 6th, CBJ 7th
2024: CBJ 1st, CBJ 2nd, CBJ 3rd, CBJ 4th, CBJ 5th, CBJ 6th, CBJ 7th
Trade Chips
The big one in Columbus this year is Vladislav Gavrikov, who has already drawn interest from a number of contending teams. The pending free agent defenseman has likely had his name mentioned more by NHL media over the last few months than his entire career to this point. While he won’t offer a ton of offensive production, the 6’3″ shutdown defender has averaged nearly 21 minutes a night for his four-year NHL career, racking up nearly 400 blocked shots, and over 300 hits during that stretch.
This isn’t a bruiser, exactly – Gavrikov did have 33 points last season for Columbus – but he also isn’t going to come in and run a powerplay. His fit is likely on a contender’s second or third pairing while logging big penalty-killing minutes. Luckily, for the Blue Jackets, that’s exactly what playoff hopefuls are looking for. Most top teams already have their powerplay quarterbacks and top-pairing roles secured internally and are just looking to add a competent defender to the mix before a long playoff grind. With Gavrikov’s $2.8MM cap hit, almost anyone in the league could afford to fit him in, given the right circumstances.
There is also someone like Joonas Korpisalo, who could be acquired as a backup goaltender, though his performance the last few years has been anything but consistent. On an expiring $1.3MM contract, he has a .908 save percentage this season through 23 appearances but was sub-.900 in each of the last two years. As a break-glass option, he might be useful, but there aren’t any true contenders looking at him as a legitimate starter.
One of the most interesting chips that the Blue Jackets have is Gustav Nyquist, who recently was ruled out for the rest of the regular season. That doesn’t mean playoffs, and his camp immediately put the word out that the veteran forward would work hard in hopes of returning for some postseason action. If that is possible, any team currently in LTIR could acquire him (as long as they can creatively open the required space for one day), stash him until the playoffs, and then activate him whenever he’s ready.
The Blue Jackets are actually experienced in this kind of transaction. In 2021, Columbus traded Riley Nash to the Toronto Maple Leafs while he was injured, in exchange for a conditional seventh-round pick. If Nash was able to rehab and appear for the Maple Leafs in the playoffs, the pick would upgrade to a sixth-rounder – which it did. Nyquist is a much better offensive piece than Nash ever was, and the Blue Jackets may be able to secure something even better, should his rehab go well over the next month.
Other potential trade chips: D Marcus Bjork, D Gavin Bayreuther, F Eric Robinson
Team Needs
1) Centers: Unlike some of the other teams fighting for the basement, Columbus isn’t going through a tear-down rebuild. They are actually on their way up, with young players installed all over the roster. One of the biggest problems to this point, however, has been the lack of depth down the middle. As much as the team loves captain Boone Jenner, to be competitive he can’t really operate as a first-line player. Jack Roslovic has never taken that next step, and youngsters like Cole Sillinger and Kent Johnson are still finding their way. The Blue Jackets may be one of the rare teams that actually want a veteran back in deadline deals, someone who can step in and play meaningful minutes for them right away. That doesn’t mean over-the-hill stars, but in-their-prime players who can have an impact.
2) Draft picks: That’s not to say they won’t be loading up on picks. Capital in this year’s draft is precious, especially if the Blue Jackets want to make any offseason moves to improve the roster. The goaltending is currently an issue, and they probably need to target another defenseman at some point to replace Gavrikov’s outgoing minutes. Adding some picks at the deadline would give Jarmo Kekalainen a lot more flexibility in making deals on the draft floor.
Photo courtesy of USA Today Sports Images
League Notes: 2024 All-Star Game, Senators Sale, Revenue Projections
With the on-ice festivities today in South Florida also came some important NHL business notes, courtesy of commissioner Gary Bettman at his pre-game press conference. As part of his media availability today, Bettman confirmed the rumor that Toronto will play host to the 2024 NHL All-Star Game.
It’s the first time Toronto has hosted the event since 2000 and the first time a Canadian market has hosted the event in 12 years. Ottawa was the last, hosting the 2012 All-Star Game. It also marks the return to where the All-Star Game began, first as a charity event in 1934 for Toronto forward Ace Bailey after he sustained a career-ending injury, and also where it was officially established in 1947. Whether the NHL will adjust the format or skills events, which have received their fair share of criticism in recent years, is unknown.
- Interest in the purchase of the Ottawa Senators is heating up. Bettman told reporters today that “15 or more” groups have expressed interest in buying the franchise, also reiterating the league’s position against the prospective relocation of the team. Rumors in the past have also connected any potential purchasing party and the involvement of celebrity Ryan Reynolds, who had also expressed interest in purchasing the franchise himself.
- Bettman also told reporters that the league is, “give or take,” approaching $6B in revenue this season. It’s unclear whether or not the figure is an end-of-season projection or how the league currently stands, but either way, it’s an increase from last season’s total revenue of roughly $5.4B. Despite declining viewership numbers in the United States, advertising opportunities for the league and its sponsors have never been more plentiful with the incorporation of ad patches on jerseys and the usage of digitally projected ads on the boards during gameplay.
Washington Capitals Extend Sonny Milano
UPDATE: Sportsnet’s Elliotte Friedman reports the contract breakdown is $2.35MM in 2023-24, $1.9MM in 2024-25, and $1.45MM in 2025-26. The low actual salary in the final year of the contract makes it a more appealing sell at the trade deadline or pre-season if Washington opts to move on from Milano at the end of his contract.
The Washington Capitals have extended an offseason acquisition for the second day in a row. NHL.com’s Tom Gulitti reports the team re-signed forward Sonny Milano to a three-year contract extension today, with an average annual value of $1.9MM.
Milano had a long and winding road to joining the Capitals for 2022-23, but it’s a shrewd move for general manager Brian MacLellan that’s paid off so far. The 26-year-old American has been a productive depth piece, scoring eight goals and 22 points in 40 games.
The news comes after Washington signed fellow newcomer Dylan Strome to a five-year, $25MM extension yesterday.
It’s a good bit of financial security for Milano, who cycled through a first-line role with the Anaheim Ducks, a failed professional tryout with the Calgary Flames, and now an almost $6MM commitment from the Capitals in less than a calendar year. He signed a one-year, league-minimum one-way contract with Washington on October 15, 2022, after he was cut from Flames camp and subsequently cleared waivers.
Milano was set to be an unrestricted free agent at the end of the season.
West Notes: Tarasenko, Kane, Brossoit
Winger Vladimir Tarasenko is representing the Blues at the All-Star Game but with him being in the final year of his contract, it’s fair to wonder how much longer he’ll be a part of the team. Speaking with Jeremy Rutherford of The Athletic (subscription link), the 31-year-old declined to comment if his trade request dating back to last season has been rescinded while also indicating that there have been no recent discussions about a possible contract extension. Tarasenko has 10 goals and 19 assists in 38 games so far this season and is expected to be one of the more sought-after rentals for next month’s trade deadline if the Blues are willing to pay down up to half of his $7.5MM AAV.
More from the Western Conference:
- Blackhawks winger Patrick Kane has long been viewed as one of the likely big deals at the trade deadline but The Athletic’s Arthur Staple suggests (subscription link) that there’s an expectation around the league that Kane needs hip surgery which is going to limit his market. If that’s the case, if he opts to play through the injury and wait to have the procedure in the offseason, there’s a good chance he’d miss the start of next season which could hurt his value in free agency. With that in mind, it’s possible that Kane could decide to have the surgery now which would take a big name off the trade market in the coming weeks.
- Golden Knights goaltender Laurent Brossoit admitted to Danny Webster of the Las Vegas Sun that he sometimes feels frustrated that he hasn’t had a chance to get back up to Vegas. He cleared waivers back in November after being cleared to return from his hip injury and he has been down with the Silver Knights ever since. The 29-year-old has a 2.77 GAA with a .906 SV% in 22 games with Henderson and is set to become an unrestricted free agent this summer so a return to the top level would certainly help his case on the open market.