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Maple Leafs Assign Nicholas Robertson To AHL

March 2, 2024 at 4:10 pm CDT | by Brian La Rose 7 Comments

With the Maple Leafs needing to make a move to open up a roster spot and free up the cap space to officially activate Calle Jarnkrok off LTIR, they’ve elected to send Nicholas Robertson down, announcing (Twitter link) that they’ve assigned the winger to AHL Toronto.

The 22-year-old started the season in the minors with the Maple Leafs taking advantage of his waiver exemption.  He fared quite well early on with the Marlies, picking up five goals and six assists in nine games with them, resulting in a recall back to the big club back in early November; he had been with the Leafs since then until now.

Robertson has played in 41 games at the NHL level so far this season, a career-high.  He has put up reasonable offensive numbers with eight goals and 11 assists in those appearances while averaging a little over 11 minutes a night almost exclusively at five-on-five.  He had been playing regularly as of late but once again, his waiver exemption likely worked against him.

Once the trade deadline passes, there are no more limits on roster sizes so depending on what Toronto’s salary cap situation looks like by then, it’s quite possible that Robertson is back with the Maple Leafs by this time a week from now if he is still with the organization at that point.  If not, he’ll have an opportunity to play much bigger minutes with the Marlies which could help him heading into restricted free agency this summer.

AHL| Toronto Maple Leafs| Transactions Nick Robertson

7 comments

Metropolitan Notes: Hurricanes, Guentzel, Dowd, Newkirk

March 2, 2024 at 4:00 pm CDT | by Brian La Rose Leave a Comment

It wasn’t that long ago that the Hurricanes were looking to add to their goaltending.  Now, GM Don Waddell might be taking a different approach as he told Chip Alexander of the Raleigh News & Observer that there’s a possibility that they wind up moving one of their four netminders.  Frederik Andersen (blood clots) could be back sometime this coming week while Pyotr Kochetkov, Antti Raanta (currently on IR), and Spencer Martin are also in the mix, potentially creating a four-goalie rotation at some point.  While extra depth is nice to have, that might be a bit much for the stretch run, even without their own AHL affiliate to draw from.

More from the Metropolitan:

  • Penguins winger Jake Guentzel took part in today’s morning skate in a non-contact jersey, notes Matt Vensel of the Pittsburgh Post-Gazette (Twitter link). The 29-year-old has been his usual point-per-game self this season with 52 in 50 games but he may have played his last game in Pittsburgh.  Guentzel is currently on LTIR with an upper-body injury and isn’t eligible to return until March 10th, two days after the trade deadline.  The fact he took part in the skate today is a promising sign that he’ll be able to return as planned on the 10th or soon after.
  • Capitals center Nic Dowd skated today in a non-contact jersey as he works his way back from an upper-body injury, relays NHL.com’s Tom Gulitti (Twitter link). The 33-year-old was injured a little less than two weeks ago and while he won’t play tomorrow against Arizona, he could return sometime next week.  Dowd has eight goals and eight assists in 45 games so far this season while ranking second on the team in faceoffs taken.
  • The Islanders have re-assigned forward Reece Newkirk from AHL Bridgeport to ECHL Worcester, per the AHL’s transactions log. The 23-year-old was brought up last month but played only once, bringing his games played total in the AHL to 13 on the season where he has a goal and two assists.  A pending restricted free agent this summer, Newkirk appears to be trending toward non-tender territory in June.

Carolina Hurricanes| New York Islanders| Pittsburgh Penguins| Transactions| Washington Capitals Frederik Andersen| Jake Guentzel| Nic Dowd

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PHR Mailbag: Graves, Ullmark, Mercer, Laughton, Red Wings, Rangers, Sabres

March 2, 2024 at 2:54 pm CDT | by Brian La Rose 3 Comments

After focusing on the Central Division last weekend, we turn our focus to the Eastern Conference in this edition of the PHR Mailbag, looking at some trade ideas and what a few teams might do in the next few days.  If your question doesn’t appear here or in last weekend’s piece, we’ll have one more mailbag running soon so watch for it in there.

Zoe G: Unfortunately, Ryan Graves didn’t have the standout season everyone was hoping for in Pittsburgh. Any chance he will go back to the NJ Devils?

This is one of those never-say-never questions but let’s just say I’d be shocked if Graves went back to New Jersey, at least with how things look today.

Let’s look at their cap situation on the back end.  At the moment, they have over $23MM tied into their current back end, including Dougie Hamilton who is on LTIR but will be back next season.  That’s already in the top half of the league.  Adding Graves and his $4.5MM to the books puts them just shy of the top five in spending.  Is that the most efficient use of their resources when they know that Luke Hughes isn’t too far away from a pricey new contract?  At that point, they might be approaching the league lead for spending on the back end.

There’s also the fact that Graves has five years left on his contract.  From Pittsburgh’s perspective, that largely deflates his value given his struggles so are they willing to part with one of their key offseason acquisitions for a return that would almost certainly be well below his perceived value a year ago?  I don’t see the Penguins wanting to do that and really anyone (not just New Jersey) wanting to take a swing on Graves with the struggles he’s having.  He needs to show that this year was just an aberration and not a sign of things to come before a trade becomes a little more realistic.

azcm2511: Thoughts on a Linus Ullmark for Dawson Mercer deal? It would benefit both teams, and it is possible that Ullmark would waive his trade restriction for a short move down the road. This move would benefit both teams and NJ can certainly handle Ullmark’s contract.

This is the type of trade proposal where I don’t think either side would immediately say no and hang up the phone.  I mean that as a compliment at a time when a lot of fan proposals are ultimately skewed too heavily in favor of one team to the point where they can’t seriously be considered.  Having said that, I think this is a trade that both sides would eventually pass on.

From New Jersey’s perspective, Mercer is an important part of their long-term plans.  I know he’s having a bit of a down year but he’s a season removed from 27 goals and 56 points; that’s a true top-six forward.  He also has four years of club control left.  Is it the right move to make to give up four years of control on a top-six forward for Ullmark who only has one year remaining?  That one gives me pause.

If I’m putting my Devils GM hat on, I’d also question how much of Ullmark’s success is system-based.  When he was in Buffalo, he was hot and cold; basically, he was a similar goalie to the ones they have now, ones that are good when they’re on and struggle mightily when they’re not.  I’m not saying Ullmark will go back to that Buffalo form but he might not be the Boston version with the Devils either.  If I have any hesitation about Ullmark being a top-end goalie in New Jersey’s system, trading a controllable young piece for him may not be the best approach.

From Boston’s perspective, it’s a bit more of a coin flip but this is what it comes down to for me.  Part of the Bruins’ success is derived from having two above-average and rested goalies on any given night, giving them the goaltending advantage way more often than not.  Take Ullmark out of the equation and it’s all resting on Jeremy Swayman, a player with about a year and a half worth of NHL games under his belt.  Is he ready to be a full-time number one and an every-game goalie in the playoffs?  If they’re not 100% confident the answer is yes, then I think they’d eventually lean to a no answer.  I don’t think they’re quite at a 100% confidence level for this season.

Granted, this swap would give them a young building block up front on a roster that doesn’t have a lot of those.  It also would give them $4MM or so in cap space to use down the stretch so if they had a deal to get a backup they trust in place and something to use the rest of that money on, then they might be a yes on this idea.  But since New Jersey probably isn’t, I don’t think this is a trade we’ll see in the coming days before it gets to the point where Ullmark is approached about waiving.

SkidRowe: Is there any way the Bruins can acquire Scott Laughton and would it be a good idea?

I’m going to answer these out of order.  Would it be a good idea to add Laughton?  I think it would.  He’s not a true top-six player in terms of offensive production but his defensive game makes him a high-end third option for a lot of teams.  Boston’s center depth isn’t the best and could certainly stand to be augmented.  Plus, a $3MM price tag for two years after this one is below market value and should be one that they can afford longer-term on the books.

That said, I don’t see how they could bring him in.  With the center market being thinned out, GM Daniel Briere can put a high asking price for Laughton’s services.  With a positive-value contract, it goes even higher.  At this point, I think the offer starts with a first-round pick plus some other assets.  The Bruins are already down a first rounder from last year’s Tyler Bertuzzi trade and they don’t have a second-round selection until 2026.  They also have a prospect pool that’s quite shallow thanks to several consecutive years of going for it.  Accordingly, are they the team that is going to be able to put together a package strong enough to get him?  I’m skeptical they’ll be able to do so.

gowings2008: Do you think the Red Wings use the deadline to add assets while also staying in the race? I’ve seen rumors of Perron being dealt to Edmonton which would allow Berggren to step in. A lateral move if you ask me, lineup-wise, but could earn the Red Wings some decent assets. They also have a surplus on defense and in net to deal from that wouldn’t necessarily hurt their playoff chances this year. What could some of these moves look like if they were to happen?

To answer the first part of your question, I don’t see them being too much of a buyer and a seller.  Detroit is sitting pretty comfortably in a playoff spot right now and moving away anything of consequence from its roster would be risky.

If someone wants to take James Reimer, sure.  That would yield a late-round draft pick and clear up a logjam.  But even on defense, I can’t see them moving one without getting one in return.  If they can get someone who’s a better fit, great.  Otherwise, unless they perceive value strictly from clearing someone like Olli Maatta or Justin Holl’s deal, it makes more sense to keep them.  If someone wants Klim Kostin with the hopes that they can get the version from a year ago, fine, make the move which again, wouldn’t yield much.  Otherwise, stick with (or add to) what you’ve got.  Moving David Perron feels like an unnecessary step back unless there’s a big swing coming and I don’t think there’s a big swing coming.

The Red Wings are in a nice spot at the moment.  They basically have a full set of draft picks to work with, a fairly deep prospect pool as a result of the recent selections they’ve made, and more cap space than any playoff-bound team.  If GM Steve Yzerman wants to play it conservatively, just use the cap room to take on an expiring contract or two to shore up the depth without giving up anything too valuable.  There will be several of those deals out there.  That can still be spun as buying and showing confidence in the group that you have while also realizing that this probably isn’t their year to truly be a contender.  I don’t expect too much from Detroit over the next few days to be honest but I suspect what they do will skew mostly toward the buying side.

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met man: What do the Rangers do before the deadline? Trade for a center or defense?

If it’s a one or the other proposition, I’d go with a center.  I know they’re in short supply and they just extended Jonny Brodzinski but I like Brodzinski in a depth role than a third-line one come playoff time.  Adam Henrique fits perfectly and Alexander Wennberg, who they were linked to recently, also makes sense.  If Thomas Novak is made available by Nashville, he’d be worth pursuing as well and I have Jack Roslovic as a fall-back option that could work on the third line.  If they go for a depth option and do something else of note, a reunion with Colin Blackwell (who can play down the middle) might be feasible.

As far as defense goes, I don’t see them doing a whole lot.  Erik Gustafsson has his flaws but he can put up some points from the back end.  Braden Schneider plays a style that’s better suited to closer-checking playoff hockey.  If you add a blueliner of note, one of them is coming out of the lineup.  Would they be better off adding a better seventh option and saving most of their trade chips for a middleman or other offensive upgrade?  I’m inclined to believe so.

I see them sniffing around on the winger options as well; might they bring in Vladimir Tarasenko for the second straight year?  If a quality center can’t be acquired, I suspect this might be their Plan B, bringing in as talented of a player as possible rather than trying to check off a specific box.  They tried that approach last year and while it didn’t work as planned, it wasn’t the worst approach to take.

@MrEd315: After having such a dreadful season so far, which Buffalo Sabres are getting moved from now to the trade deadline? And will it be some players with term and team control contracts?

I don’t think GM Kevyn Adams expected to be in this spot when the season started but they’re so far out of the playoffs that they have to be sellers.  However, I suspect he still has a lot of confidence in this core group.  If that’s the case, are they going to want to move someone of consequence to shake up that core?  Or would they rather sell off some depth pieces and try to make an addition or two in the summer to take this group forward?  I’m inclined that they’ll lean toward the latter.

Kyle Okposo is someone I think will garner some interest.  At $2.5MM (which can and likely will be paid down), someone will look at him as a viable bottom-six insurance policy.  Zemgus Girgensons, assuming he’s not re-signed, fits on a fourth line somewhere so he’d fetch a later-round pick at least.  Erik Johnson might want to stay but with the dearth of defensive options out there, it’d be worthwhile to move him.  Those are the ones I have a bit of confidence in from a trade perspective.  Victor Olofsson even at 50% might not be movable; the best bet for him is a team that has ample cap/LTIR room five minutes before the deadline and decides to just take him on as depth.  Eric Comrie and Eric Robinson are also expiring but I don’t sense either will have enough interest to make a trade happen.

As for non-rentals, Jordan Greenway hasn’t quite fit as expected but with his size and another year left at a reasonable rate, they could get a good enough offer to move him.  I also wonder about Henri Jokiharju, someone whose playing time is down a fair bit compared to the last couple of years.  If the Sabres are souring on him, there should be teams willing to take a flyer on him, a right-shot defender with some team control remaining.  If those two aren’t in Adams’ plans as part of Buffalo’s core, it wouldn’t shock me if one or both of them were moved.  But in terms of big-name players going, I’d be surprised if that happens.

Photo courtesy of USA Today Sports Images.

Pro Hockey Rumors Originals PHR Mailbag

3 comments

Flyers Notes: Trade Deadline, Goaltending, Konecny, Drysdale, Ristolainen

March 2, 2024 at 1:47 pm CDT | by Brian La Rose 1 Comment

While the recent Chris Tanev trade carried a lighter return than some expected, don’t expect the Flyers to adjust their asking price for their players.  Speaking with reporters on Friday including Jackie Spiegel of the Philadelphia Inquirer, GM Daniel Briere indicated that the Calgary-Dallas swap won’t affect how they approach the next few days:

It doesn’t change our asking price. Yeah, it was maybe a little lighter than expected, but it doesn’t change our approach. If teams are not willing to meet our price, and what we feel is fair, you know, we’re a playoff team. We get to keep them and we get to make a run. That’s the way I see it.

Briere also confirmed that the team is still in discussions with the agents for their pending UFAs to assess what it would cost to keep them.  While not naming names, defensemen Sean Walker and Nick Seeler are almost certainly the ones he’s referring to as several teams are showing interest in both blueliners.  That said, if a trade doesn’t happen, Briere cautioned that it doesn’t necessarily mean that an extension will happen either.

More from Philadelphia and Spiegel’s piece:

  • Goaltending is a bit of a question mark right now behind Samuel Ersson. With Carter Hart out of the picture and Calvin Petersen’s struggles, Felix Sandstrom is now the backup, a role he hasn’t had much success in previously.  Briere acknowledged that they’re looking at all options.  Speculatively, with the team having a little over $6.2MM of cap room on deadline day per CapFriendly, the Flyers could keep an eye on the rental market for netminders to see if there’s a low-cost upgrade available.
  • On the injury front, Briere is hopeful that winger Travis Konecny will be able to return soon from the upper-body injury that has caused him to miss four straight games. Monday versus St. Louis hasn’t been ruled out yet but Thursday against Florida might be more realistic.  Konecny has a 10-point lead on Joel Farabee for the team lead in scoring with 27 goals and 27 assists in 57 games.
  • Meanwhile, on the back end, Jamie Drysdale is getting some strength back in his shoulder after his recent injury but the team does not yet have a timeline for his return although they’re hopeful he’ll be back at some point this season. Veteran Rasmus Ristolainen, who has missed the last three weeks with an upper-body injury of his own, is in the same situation timeline-wise.

Philadelphia Flyers Jamie Drysdale| Nick Seeler| Rasmus Ristolainen| Sean Walker| Travis Konecny

1 comment

Devils Sign Mikael Diotte

March 2, 2024 at 12:10 pm CDT | by Brian La Rose Leave a Comment

The Devils have added to their prospect pool, announcing that they’ve signed defenseman Mikael Diotte to a three-year, entry-level contract that begins next season.  Financial terms of the deal were not disclosed.

The 20-year-old went undrafted but has taken some steps forward this season to get on the NHL radar.  Diotte is in his fourth full QMJHL season, all spent with Drummondville where he has already set new career highs offensively with 10 goals and 27 assists through 50 games.  Over his career with the Voltigeurs, the 6’3 rearguard has 20 goals and 65 assists in 197 major junior contests.

Diotte will spend the remainder of the season with Drummondville but will not be eligible to return for next year due to his age.  Instead, he will begin his professional career, potentially with AHL Utica, a team that only has two other prospect blueliners under contract for the 2024-25 campaign as things currently stand.

New Jersey Devils| QMJHL| Transactions Mikael Diotte

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Maple Leafs To Activate Calle Jarnkrok Off LTIR

March 2, 2024 at 11:07 am CDT | by Brian La Rose 2 Comments

The Maple Leafs will be welcoming back an important part of their forward group tonight as head coach Sheldon Keefe confirmed to reporters including David Alter of The Hockey News (Twitter link) that winger Calle Jarnkrok will play tonight versus the Rangers.  This means that they will be activating him off LTIR.

The 32-year-old has missed the last 13 games after sustaining a broken knuckle at practice in January.  Jarnkrok’s versatility has come in handy for Toronto this season as he has played at all three forward positions while being shuffled around on various lines.  Along the way, he has chipped in with ten goals and nine assists through 46 games while logging over 15 minutes a night.

In order to make the activation official, Toronto will have to get cap-compliant.  They’ll need to clear around $654K in cap room and open up a roster spot before Jarnkrok can be added to the active roster.  Toronto only has two waiver-exempt players (Matthew Knies and Nicholas Robertson) and it’s clear that Knies isn’t going anywhere.  Assigning Robertson to AHL Toronto would be the simplest solution.

However, if they don’t want to do that, they can place a player on waivers later today and designate him as a non-roster player to open the roster spot.  That said, if they do that, they will also need to make an LTIR placement, moving either Conor Timmins (mononucleosis) or Mark Giordano (concussion) to LTIR to open up the necessary cap space since the waived player would still count against the books.  While it will take some roster juggling, it’s a change that will be worthwhile to get Jarnkrok back into their lineup.

Toronto Maple Leafs Calle Jarnkrok

2 comments

Panthers Sign Sandis Vilmanis

March 2, 2024 at 10:14 am CDT | by Brian La Rose Leave a Comment

March 1st was an important date on the NHL calendar as it was the first day that teams could sign players to contracts for next season.  We saw several of those deals handed out yesterday and today, the Panthers joined in, announcing that they’ve signed winger Sandis Vilmanis to a three-year, entry-level contract beginning in the 2024-25 season.  Financial terms of the deal were not released.

Vilmanis was a fifth-round pick by the Panthers back in 2022 (157th overall) and has shown steady improvement since then.  He had a good rookie season with OHL Sarnia last season with 20 goals and 25 assists in 62 games and has already set new benchmarks for goals and points this year with 28 and 53, respectively.  The 20-year-old was traded to North Bay just before the OHL trade deadline back in January.

Vilmanis has suited up for Latvia at multiple international tournaments.  He has played at the last three World Juniors and picked up four points in five games at the most recent event.  He also played in two World Under-18 events leading into his draft year.  He won’t be expected to make the jump to the NHL next season but instead should play with their AHL affiliate in Charlotte.

Florida Panthers| Transactions Sandis Vilmanis

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Canucks Sign Elias Pettersson To Eight-Year Extension

March 2, 2024 at 9:03 am CDT | by Brian La Rose 4 Comments

There was a recent push on extension talks between the Canucks and center Elias Pettersson and it appears that push helped get a deal over the finish line.  The team announced that they’ve inked Pettersson to an eight-year contract extension.

GM Patrik Allvin released the following statement on the signing:

This is a very important signing for the Vancouver Canucks. Elias is one of the top players in the National Hockey League and is a key member of our leadership group. We know his best days are ahead of him and with his high end skill and desire to be the best, we look forward to seeing Elias succeed and grow. This signing is another example of our ownerships’ unwavering commitment to do what ever it takes to help us be a successful organization.

Financial terms of the contract were not disclosed by the team but Daily Faceoff’s Frank Seravalli reports (Twitter link) that the deal is worth $92.8MM in total for an AAV of $11.6MM.  Chris Johnston of TSN and The Athletic adds (Twitter link) that $47MM of the payout is in the form of signing bonuses while the contract carries a full no-move clause once he’s eligible for the 2025-26 season.  CapFriendly has the full breakdown which is as follows:

2024-25: $2.5MM salary, $12MM signing bonus
2025-26: $4.5MM salary, $10MM signing bonus
2026-27: $11.0MM salary
2027-28: $9.45MM salary, $5MM signing bonus
2028-29: $7.25MM salary, $5MM signing bonus
2029-30: $3.7MM salary, $5MM signing bonus
2030-31: $3.7MM salary, $5MM signing bonus
2031-32: $3.7MM salary, $5MM signing bonus

Vancouver drafted the 25-year-old in the first round (fifth overall) back in 2017 and since then, he has gone from being a key core piece to a legitimate franchise player.  Pettersson won the Calder Trophy in his rookie campaign in 2018-19 where he had 66 points and followed that up with 66 more the following season.  However, an injury-riddled 2020-21 season ultimately resulted in the two sides settling on a three-year bridge deal, one that was set to expire this summer where he would have been a restricted free agent with salary arbitration eligibility and a year away from unrestricted free agency.

Pettersson made a big jump on the offensive side of things last season, setting new career highs across the board with 39 goals and 63 assists, finishing tenth in NHL scoring.  That fuelled speculation that the two sides would work out a long-term agreement last summer and put any speculation to rest.  However, Pettersson and his camp had repeatedly indicated that his preference was to wait until the offseason before making a determination on his next contract.

This season, Pettersson’s per-game averages are down just slightly as he’s on pace for 38 goals and 61 assists, numbers that are still upper-tier league-wide while he is an all-situations player.  That had only helped spur on speculation about his willingness to sign long-term with the Canucks since he was still wanting to wait until the offseason to put pen to paper on his next contract.  That speculation got to the point where Vancouver and Carolina reportedly entered into serious discussions about a potential trade before both Vancouver and Pettersson took a step back and opted to take a real run at hammering out a new deal, talks which clearly proved fruitful.

The contract is by far the richest in franchise history, an outcome that shouldn’t come as much surprise considering Pettersson’s recent performance and the high demand for top-end centers.  The deal will make him the fifth-highest-paid player AAV-wise in the NHL next season behind only Auston Matthews, Nathan MacKinnon, Connor McDavid, and Artemi Panarin.

Vancouver now has a little over $60MM in spending on the books for next season per CapFriendly to just a dozen players with Filip Hronek headlining their crop of restricted free agents.  Of note, only two full-time regular defensemen are under contract for 2024-25 so Allvin will need to allocate a lot of their remaining money to filling out the back end.  Meanwhile, Pettersson is now one of just three Canucks under contract past the 2026-27 campaign, joining center J.T. Miller and blueliner Quinn Hughes.

Photo courtesy of USA Today Sports Images.

Newsstand| Transactions| Vancouver Canucks Elias Pettersson

4 comments

Senators Recall Max Guenette And Leevi Merilainen

March 2, 2024 at 8:56 am CDT | by Brian La Rose Leave a Comment

The Senators have made a pair of roster moves in advance of their game tonight against Philadelphia, announcing (Twitter link) that they’ve recalled defenseman Max Guenette and goaltender Leevi Merilainen from AHL Belleville.

Guenette’s recall is a bit of a surprise since the Sens had all six of their defensemen get through last night’s game without an issue so it appears Guenette is up for injury insurance purposes with Travis Hamonic listed as out week-to-week.  The 22-year-old has made one appearance in Ottawa this season and has spent most of the season in Belleville where he has 29 points in 48 games.

As for Merilainen, it also might seem a bit surprising that a second goalie was recalled.  Joonas Korpisalo was a late scratch on Friday due to illness, resulting in the Sens not dressing a backup goalie until Mads Sogaard arrived.  But with Anton Forsberg being banged up last night and not traveling with the team, another netminder was needed.  Merilainen has split the season between two minor leagues, putting up a .904 SV% in 16 AHL games and a .926 mark in 13 ECHL appearances.

With the two promotions, Ottawa’s roster is now at the maximum of 23 players.  Meanwhile, cap space isn’t an issue for them in the short term following Friday’s placement of Josh Norris on LTIR so they can afford to carry a full-sized roster, a luxury they haven’t had for most of the season.

AHL| Ottawa Senators| Transactions Leevi Merilainen| Max Guenette

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Penguins Receiving Strong Interest In Reilly Smith

March 1, 2024 at 9:00 pm CDT | by Brian La Rose 16 Comments

At the trade deadline, the focus is often on the rental market.  Contending teams are looking for that final piece but want a short-term acquisition as they can’t afford to keep the player beyond the current season.  However, some non-rentals also attract some interest at this time of year.  It appears one of them is in Pittsburgh as Daily Faceoff’s Frank Seravalli reports that the Penguins are receiving a lot of calls on winger Reilly Smith, even more than Jake Guentzel, one of the top rentals potentially available between now and March 8th.

The 32-year-old was acquired by Pittsburgh last summer in a move that basically amounted to a salary cap dump from Vegas with Smith, an important part of their Stanley Cup run, yielding just a third-round pick in return.  For a player who reached the 50-point mark in four of his six seasons with the Golden Knights, the return was on the light side but in a flat-cap environment, several teams had to make tough decisions like that.

While Penguins GM Kyle Dubas was hoping that Smith would be a key two-way contributor, that hasn’t exactly been the case.  Instead, his offensive numbers are down as he has just 10 goals and 15 assists in 51 games so far, not a great return on a $5MM price tag.  He’s still averaging over 16 minutes a night, however, and is seeing some action on the penalty kill.  In terms of a player profile, Smith is the type of player a lot of teams can use.

Fitting that contract onto the books is difficult enough for this season with half the league currently using LTIR to stay salary cap-compliant.  The fact that Smith has another year left on his deal after this one adds to the allure but also adds to the complications of making such a deal work.

Seravalli suggests that Smith could be a candidate for salary retention to help open up his market.  Pittsburgh has two of their three slots left while the one they’ve used (Jeff Petry) is on the books through next season.  If Dubas isn’t concerned about using a second slot through 2024-25, paying down Smith’s contract to just a $2.5MM AAV would certainly bolster his market and should allow them to get a considerably better return than what they gave up to get him.  While it’s not the direction they were hoping for, it looks like Smith could help yield a quality piece for a potential rebuild or retool this offseason.

Pittsburgh Penguins Jake Guentzel| Reilly Smith

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