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Canucks Sign Linus Karlsson, Cole McWard To One-Year Extensions

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The Vancouver Canucks have signed forward Linus Karlsson and defenseman Cole McWard to matching one-year, two-way contracts. The details of the contracts, including cap hit and potential bonuses, haven’t yet been revealed.

Vancouver traded away the rights to Jonathan Dahlen to acquire Karlsson in 2019. He’s since spent two full seasons with the AHL’s Abbotsford Canucks, totaling 24 goals and 49 points in 72 games last season and a team-leading 60 points in 60 games this season. The performances have cemented Karlsson as one of Vancouver’s top prospects, even if he’s yet to record a point in the four NHL games he’s played. He’ll be one of many top prospects vying for a spot on the opening night roster, competing with players like Aatu Raty, Jonathan Lekkerimaki, and Arshdeep Bains. Karlsson’s new short-term, easily-movable deal suggests he could be on the backend of this group – though another strong season in the minors would certainly force Vancouver’s hand.

Meanwhile, McWard vindicates his first pro contract with this extension – after signing as an undrafted free agent in 2023 and playing through his first year of pro hockey this season. The right-shot managed 17 points in 57 games while operating down Abbotsford’s lineup, looking well-adjusted to the professional scene. He’ll return to a rife competition for ice time on Abbotsford’s blue line, fighting for a spot above Jett Woo and Filip Johansson. McWard could warrant NHL ice time should he perform well, having already scored one goal in six NHL games over the last two seasons.

Penguins Sign Alex Nedeljkovic To Two-Year Extension

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The Pittsburgh Penguins have officially signed goaltender Alex Nedeljkovic to a two-year, $5.0MM contract extension. The deal was first reported by Frank Seravalli of the Daily Faceoff (Twitter link). The deal carries an annual cap hit of $2.5MM, committing Pittsburgh to a total of $7.875MM between starter Tristan Jarry and backup Nedeljkovic.

Nedeljkovic was set to become an unrestricted free agent on July 1st, after playing through a one-year, $1.5MM contract signed last summer. He appeared in 38 NHL games this season – just the second-most he’s played in one season – and managed good results, posting 18 wins and a .902 save percentage. He stood as a reliable backup option for the Penguins, clawing his way back to an everyday role in the NHL after spending much of the 2022-23 season in the minor leagues. It was a hard fall for Nedeljkovic, who had a career year in 2021-22, serving as the Detroit Red Wings’ starter, managing 20 wins and a .901 save percentage across 59 appearances. That season remains the only year that Nedeljkovic has filled a starter role at the NHL level, though he’s made spot starts as far back as the 2016-17 season. Now 28, Nedeljkovic has totaled 141 games across seven years in the NHL, managing 60 wins and a .906 save percentage even amongst tough deployment.

The Penguins seem pleased with Nedeljkovic’s inaugural year with the club, and will now bring him back with a slight pay raise and a bit more term to once again fill the backup role behind Jarry, whose signed through the 2027-28 season. Strong performances could earn Nedeljkovic the role through the end of Jarry’s deal, though top goalie prospect Joel Blomqvist could soon pose tough competition.

Flyers Have Joel Farabee On Trade Block

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The Flyers are dangling forward Joel Farabee in trade talks this summer as they continue rebuilding their roster, David Pagnotta of The Fourth Period reports.

It comes at a good time for general manager Daniel Brière. Farabee’s trade value is likely the highest it’s ever been. The 24-year-old had a career-best season in 2023-24, putting up 22 goals and 50 points and playing in all 82 games for the second year in a row. The increase in production came with a decrease in ice time from 17:01 to 16:11 per game, but he still managed 182 shots on goal compared to 145 last year.

He shot below his career average, too, so it’s not like his goal-scoring production was a fluke. Long-term, he remains projectable as a usual bet for 25-plus goals as he enters his mid-20s. The 2018 14th overall pick does come with a $5MM price tag through 2028, though, and it’s fair to wonder if teams are willing to take a swing at that commitment for a player who had yet to eclipse 40 points in a season entering 2023.

Farabee also had the best two-way season of his career. He was on the ice for 42.8 total expected goals against at even strength, down from 55.2 last year. The Flyers also controlled 51.1% of shot attempts with Farabee on the ice at even strength, a solid but non-elite figure.

The Flyers have been connected to a potential deal with the Senators in recent days, one that some have speculated could include the clubs’ first-round picks, Ottawa defenseman Jakob Chychrun, Philly center Scott Laughton, or other pieces. It’s not clear if Farabee’s name has come up in those talks, though.

Farabee’s deal was also fairly backloaded, meaning his total salary will be north of $5MM annually in the last three years of the deal. That’s not a huge consideration for most teams, but it could be for a club that doesn’t always have a penchant for spending to the salary cap’s upper limit.

Wild Shopping Filip Gustavsson

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The Wild are entering next season with three goalies as it stands with Marc-André Fleury back for his final campaign and top prospect Jesper Wallstedt primed for more NHL starts. In his latest Trade Targets piece, Frank Seravalli of Daily Faceoff said the team is “open for business and listening” on trade offers for Filip Gustavsson, who’s quickly looking like the odd man out in the Minnesota crease.

Gustavsson, now 26, signed a three-year, $11.25MM deal with the Wild last summer following an arbitration filing. He got that deal after a breakout 2022-23 campaign, finishing second among qualified netminders with a .931 SV%. But while he ended this season on a relatively high note, a horrid start to 2023-24 tanked his second season in the State of Hockey. Gustavsson made a career-high 45 appearances and managed to record his second 20-win season, but his standard and advanced metrics regressed considerably. His SV% dropped to .899, and his goals saved above expected nosedived to -4.8 from last season’s 24.2, per MoneyPuck.

While Gustavsson was struggling, Wallstedt was having a terrific season behind a poor Iowa Wild team in the AHL. The 2021 20th overall pick had a .910 SV% and two shutouts in 45 games, earning his second All-Star Game nod in as many years while keeping an otherwise hapless Iowa club out of last place in the Central Division. The 21-year-old Swede is viewed as one of the five best goalie prospects in the world, and general manager Bill Guerin already confirmed the plan is to ease him into more consistent NHL action next season. After a tough NHL debut against the Stars in January, Wallstedt stopped 51 of 53 shots faced in two wins over the Blackhawks and Sharks to end the season.

Gustavsson has two years left on his deal at a $3.75MM cap hit, a reasonable deal for a young netminder with decent rebound potential. He was solid in the back half of the season, posting a 7-5-2 record with a .906 SV% in 16 games after the All-Star break. Moving him reduces the cap hit of their goaltending tandem from $6.25MM, including Fleury, to just $3.425MM with Fleury and Wallstedt, less than what Gustavsson alone costs. That’s important savings for a team still dealing with a $14.744MM cap penalty from the Zach Parise and Ryan Suter buyouts next year.

The Wild likely wouldn’t need to retain any salary in a Gustavsson deal. His contract is arguably a bargain for his services already – Evolving Hockey projects he’d land a $4.125MM cap hit if he signed a two-year deal in free agency this summer. It’s also a cheaper option for teams looking to upgrade their crease than some of the more established netminders potentially available for trade, like Juuse Saros and Linus Ullmark, and he has experience starting more games than top UFA options Laurent Brossoit and Anthony Stolarz. As such, there should be a fair amount of interest.

Blue Jackets Not Expected To Move Elvis Merzlikins

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It’s been an offseason of delayed change for the Blue Jackets, who took until late May to appoint Don Waddell as their next general manager and until this week to fire head coach Pascal Vincent. With the coaching change being Waddell’s first real mark on the franchise, many wondered if he may have some other moves up his sleeve in the coming days.

He still may, but moving on from goaltender Elvis Merzļikins won’t be one of them. Waddell told The Athletic’s Aaron Portzline that the team won’t buy out the final three seasons of the Latvian netminder’s contract and dismissed the possibility of a trade, saying the organization will put “all the resources we can” into helping Merzļikins rebound from a tough couple of campaigns.

“Let’s be honest, nobody is going to trade for that contract. Nobody,” Waddell told Portzline. “People say, ‘Well, why don’t you buy out the contract?’ It’s a six-year buyout, and there are years three, four, five and six when you might need that cap space. So you’ve eliminated those two options.”

The contract Waddell is referring to involves a $5.4MM cap hit for Merzļikins through 2027, a tough deal to move when there are far more attractive options in the net available for trade this summer. Merzļikins improved from a nightmarish 2022-23 season this year but still struggled with a .897 SV%, 3.45 GAA and 13-17-8 record in 41 appearances. He also frequently entered and exited the lineup due to a variety of illnesses and injuries, including a lower-body ailment that sidelined him for seven of their final eight games. Those numbers were still below average considering the Blue Jackets’ poor defense, saving -6.3 goals above expected, but it was a massive improvement on his -25.9 GSAx figure the year before in just 30 games (MoneyPuck).

It’s all a far cry from his rookie season five years ago when Merzļikins arrived in Columbus with a .923 SV% in 33 games and finished fifth in 2020 Vezina Trophy voting. In fact, he was overall one of the better netminders in the league with a .913 SV% in 120 games between 2019-20 and 2021-22, but his past two seasons have brought him down to a much more pedestrian .904 SV% for his career.

Back in January, the 30-year-old told media he’d requested a trade but later walked back his statement. He did have some interest from the Devils before the trade deadline, but they ended up going with Jake Allen as a stopgap option before making a big swing to acquire Jacob Markström from the Flames yesterday.

Next season, he’ll face stiff competition for starts from 24-year-old Daniil Tarasov, who ended the season on a high note after struggling with injuries early on. The 2017 third-round pick made a career-high 24 appearances, logging an 8-11-3 record with a respectable .908 SV% and 3.18 GAA that worked out to 3.9 goals saved above average. Pending restricted free agent Jet Greaves is also pushing for NHL time after posting a .926 SV% in 13 playoff games with AHL Cleveland and recording a 30-win regular season.

Senators Sign Nikolas Matinpalo To Two-Way Extension

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The Senators have signed Nikolas Matinpalo to a one-year, two-way extension worth $775K in the NHL and $200K in the AHL, per a team release. The defenseman will return for his second Sens training camp in the fall.

Matinpalo, 26 in October, had a respectable first campaign in North America in 2023-24. An undrafted free agent signing out of Liiga’s Ässät last summer, he made only four appearances for Ottawa but had a great season with AHL Belleville. A 6’3″ right-shot defensive defenseman, Matinpalo led the B-Sens with a +15 rating and added four goals and 10 assists for 14 points in 67 games.

It’s hard to take much of anything from Matinpalo’s minuscule NHL sample size, though. He played just 28 minutes total across his four contests but managed a +1 rating, two shots on goal, two blocked shots and four hits. With him on the ice at even strength, the Sens controlled 53.6% of shot attempts.

Matinpalo was slated for restricted free agency this summer and was eligible for salary arbitration. Instead, the defensively sound Finn gets a nice minor-league pay bump and should give them solid play as a stopgap third-pairing option if needed in the NHL. He’ll be an RFA again upon expiry next summer.

Hurricanes Name Cam Abbott AHL Head Coach

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The Hurricanes announced Thursday that they’ve hired former Swedish Hockey League coach of the year Cam Abbott as the new head coach for their AHL affiliate, the Chicago Wolves. Carolina, which spent last season without a dedicated minor-league affiliate, signed a three-year agreement to re-partner with the Wolves last month.

Abbott, 40, never played in the NHL but did have a lengthy professional career overseas after playing collegiate hockey at Cornell University. He appeared in six SHL/Elitserien seasons with Luleå HF and Rögle BK between 2008 and 2015, racking up 166 points in 276 games and winning the Champions Hockey League with Luleå in his final season as a player. Sweden remained his home as a coach, first as the bench boss for the Växjö Lakers’ junior club before being appointed Rögle’s head coach midway through the 2017-18 season.]

He remained behind the Rögle bench until he was relieved of his duties in December. In 2022, he coached a Rögle club that included Red Wings first-rounder Marco Kasper to a 27-11-5-9 record and a CHL title, earning him his aforementioned Coach of the Year honor.

“We’re thrilled to welcome Cam to our organization. He brings a long history of excellence in developing NHL stars,” said Hurricanes assistant GM Darren Yorke. “Cam’s meticulous attention to detail, clear communication and ability to inspire and motivate his teams to achieve success make him the perfect fit for our organization.”

Abbott succeeds Bob Nardella, who coached the Wolves to a 23-35-14 record last season in his lone campaign behind the bench. He’ll be the Wolves’ fourth head coach in the past four seasons, a list that includes new Sharks bench boss Ryan Warsofsky.

Blackhawks Sign Cole Guttman To Two-Way Extension

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The Blackhawks announced that center Cole Guttman has been signed to a one-year, two-way extension with a $775K cap hit. He’ll earn a hefty $450K minor-league salary, per PuckPedia.

Guttman, 25, began the 2023-24 campaign on the NHL roster. He made three appearances early on, including a goal in their season opener against the Penguins, before being sent down to AHL Rockford in late October. He was recalled again around Thanksgiving, this time lasting around two months before he was returned to the minors. The Blackhawks didn’t recall him after his last demotion to Rockford in January.

Despite not sticking around in Chicago, it was still a strong season for the former sixth-round pick of the Lightning. Guttman was one of the top college free agents in 2022 after captaining the University of Denver to a national championship. While he’s yet to establish himself as a full-time NHLer, he’s been a prolific scorer for Rockford, where he was undoubtedly their best player this season with 40 points and a +20 rating in just 39 games.

Guttman wasn’t severely outmatched in his NHL minutes this season, either, tossing up four goals and eight points in 27 games in third-line minutes. He went 60/120 in the faceoff dot, and while his -17 rating is eye-popping given his limited number of appearances, it’s not an overly concerning number for a young forward on a lottery team that was frequently deployed in checking situations.

There’s plenty of uncertainty among the Blackhawks’ depth forwards for next season, with veterans Colin Blackwell and Tyler Johnson likely moving on in free agency. Youngsters Frank Nazar and Landon Slaggert will be in competition for spots but haven’t solidified themselves as locks to start the season in the NHL. With a strong camp, Guttman has plenty of opportunity to crack Chicago’s opening night roster in the fall and build on his strong AHL showings the last two seasons.

Blue Jackets Notes: Fourth Overall Pick, Laine, Hartley

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The Blue Jackets are open for business regarding their fourth overall pick in next week’s draft, GM and president of hockey operations Don Waddell said today (via Brian Hedger of the Columbus Dispatch). They wouldn’t be looking at shopping the pick for an immediate roster upgrade, though.

Moving back in the draft is the only option if they’re parting with the pick, Waddell implied. He said “the price is high” to get them to do it, citing multiple other teams in the top 10 are also listening to offers to swap their picks.

If they don’t move the pick, the Blue Jackets are looking at their fourth top-10 pick in a row. Previous selections include Kent Johnson (fifth overall, 2021), David Jiříček (sixth overall, 2022) and Adam Fantilli (third overall, 2023).

Other quick hits from Waddell at this morning’s media availability:

  • Columbus hasn’t had any substantive trade discussions involving Patrik Laine yet, Waddell said (via Hedger). He’s actively in contact with Laine’s representation about trade options, but isn’t yet talking to other teams while Laine is still receiving treatment in the NHL/NHLPA Player Assistance Program. Waddell said that when they do get to the point of making a trade, he’d like it to be for established talent in return (via the team’s Jeff Svoboda). Laine and the Blue Jackets are seemingly both happy with parting ways this summer. Among interested parties, the Kraken have already been linked to his services.
  • Longtime NHL coach Bob Hartley has reached out to Waddell about the Blue Jackets’ vacancy, he confirmed (via Hedger). Hartley, who coached the Avalanche to a Stanley Cup in 2001, also worked under Waddell with the Atlanta Thrashers from 2003 to 2007. He hasn’t coached in the league since a four-year run with the Flames from 2012 to 2016, however. His only experience since has come overseas with Avangard Omsk of the Kontinental Hockey League, a post he held from 2018 to 2022. In 2021, Hartley was named the KHL’s Coach of the Year and guided Omsk to a Gagarin Cup championship.

Offseason Checklist: Colorado Avalanche

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The offseason has arrived for all but the two teams who are still taking part in the playoffs.  For the rest, it’s time to examine what they will need to accomplish over the coming months.  Next up is a look at Colorado.

Expectations were high once again for the Avalanche heading into 2023-24.  The team made some moves to shore up their forward group over the offseason, leading them to be a speculative favorite to come out of the Central Division.  However, they came up a bit short, falling to Dallas in the division final.  Now, GM Chris MacFarland will look to add to his group again, a task that will be harder this time around.  Here’s what should be on his checklist in the coming weeks.

Create Cap Flexibility

Captain Gabriel Landeskog missed the entire season, allowing Colorado to go well into LTIR last summer as they knew in advance he wouldn’t be available to play.  There is still some uncertainty as to whether he’ll be ready to play next season but the winger has made it known he intends to try.  That effectively encumbers $7MM as they need to have that free in case he’s able to return from his knee cartilage transplant.

Then there’s Valeri Nichushkin.  He’ll miss the first few weeks of the season while being in Stage Three of the Player Assistance Program and will be cap-exempt during that time.  However, whenever he is cleared to return, his full $6.125MM cap charge will come onto the books.  They have to assume he’ll be cleared to come back so that money will be tied up as well.

While the Avs have over $16MM in cap room, per CapFriendly, they have quite a few roster spots to fill with that money; a big chunk of which will go to a pending RFA which will be highlighted shortly.  With the volume of spots (as many as eight) to fill, they’ll be hard-pressed to spend big on an unrestricted free agent which will make it difficult to re-sign Jonathan Drouin.

Finding a way to move all or at least some of Josh Manson’s $4.5MM AAV would be one way to accomplish this although it’s usually not easy to free up that much cap space for a couple of years.  Ross Colton ($4MM for three years) might be another option to move although doing so would create another hole down the middle to fill.  There aren’t many ways to do it but if MacFarland can open up some more wiggle room, they’ll have plenty more viable options to build their roster.

Rantanen Extension Talks

While this is something that could easily stay on the back burner this summer, it wouldn’t be surprising to see Colorado take a real run at an extension for winger Mikko Rantanen.  Once July 1st hits, he’ll officially be in the final year of his contract, making him eligible to sign a new deal at any time.

The 27-year-old has been playing on a contract that pays $9.25MM per season since 2019.  It’s hard for that pricey of a contract to be construed as a team-friendly one but that is the case here.  Rantanen has become an impactful and consistent producer, averaging at least 1.23 points per game in each of the last four seasons.  He has been even more productive in the playoffs, averaging a minimum of 1.25 points per game over the last four postseason, tallying 62 points in 48 games over that span.

As a result, Rantanen is well-positioned to earn a considerable raise along with a max-term agreement of eight years if he wants to sign for that long.  Earlier this month, Corey Masisak of The Denver Post outlined some possible comparables for what Rantanen’s next deal could look like.  At this point, it’s fair to suggest that there’s a chance that Rantanen could sign the richest contract for a winger in NHL history (in terms of cap hit), surpassing Artemi Panarin’s $11.643MM.  That still would slot him a bit behind Nathan MacKinnon who checks in at $12.6MM.

This isn’t something that MacFarland has to get done this summer as Rantanen is signed through next June.  However, it would be worthwhile to at least get an understanding of the asking price (if not get a deal done altogether) to aid in their spending plans now as some of the players they’ll be pursuing shortly will undoubtedly be seeking multi-year deals.  Having a better sense of what the 2025-26 books will look like makes navigating those other discussions a little easier.

Re-Sign Mittelstadt

Now, let’s get back to that pending RFA of note, center Casey Mittelstadt.  The Avs pulled off arguably the most surprising trade back at the deadline, acquiring the 25-year-old from Buffalo in exchange for promising young defenseman Bowen Byram.  In doing so, they shored up their second line, something they’d been looking to do since losing Nazem Kadri to Calgary in free agency.

Mittelstadt followed up a breakout 2022-23 performance that saw him put up 59 points with a similar showing between the two teams this season, tallying 57 points in 80 games.  However, that doesn’t quite tell the full picture as he was limited to 10 points in 18 appearances following the swap, a point-per-game drop of 0.2 compared to his output with the Sabres.  However, Mittelstadt was more impactful in the playoffs, collecting nine points in 11 games which will help his case this summer.

Mittelstadt is coming off a three-year bridge agreement that carried a $2.5MM AAV and has a required qualifying offer of $2.6MM.  He’s also arbitration-eligible for the first and only time as he can reach unrestricted free agency next summer.  That last note effectively rules out another short-term contract that would only buy a year or two of team control.

Given their cap constraints, it’s hard to envision the Avs working out a max-term agreement as the cost of it in terms of a higher AAV would make things a bit harder for them in the summer.  Accordingly, a medium-term deal (four to six years) feels like the sweet spot to try to aim for.  If that winds up being where the two sides land, he’s likely to at least double his qualifying offer and could push for $6MM.  Getting him locked up would certainly give them some stability down the middle with MacKinnon not going anywhere either.

Load Up On Depth

Last summer, Colorado needed to sign several players to low-cost one-year deals to round out their roster.  Up front, they added Drouin, Chris Wagner, and Joel Kiviranta while re-signing Andrew Cogliano all for $825K or less and also brought in Frederik Karlsson for the minimum from Dallas.  On the back end, they brought back Jack Johnson for the minimum and later acquired Caleb Jones who was also making the minimum salary.  They didn’t hit on every addition but most of them turned out pretty well while Drouin wound up being a key part of their forward group.  However, all but Wagner are free agents next month.

That’s a lot of roster spots to try to fill and depending on what happens with Mittelstadt’s deal and potentially trying to bring Drouin back, they’re going to be looking at trying to fill the rest either internally or with low-cost free agent pickups.  With their internal options, Nikolai Kovalenko and recent free agent pickup Jere Innala figure to be the likeliest to grab spots although both of them also check in at price tags higher than last summer’s group of depth additions.

With that in mind, MacFarland will likely be targeting four to six players for the league minimum or very close to it to try to backfill their forward group and round out the defense corps.  Additionally, he will likely be trying to add some potential in-season recalls on two-way deals worth the minimum in the NHL.  There will be a lot of these types of contracts signed in the first few days of free agency; expect Colorado to be among the leaders in them.

Photo courtesy of USA Today Sports Images.

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