As we enter the second weekend of July, unrestricted free agents have now had over six days to sign contracts and settle on new hockey homes, whether short-term or long-term. This year’s July 1 was a refreshing change of pace from some of the slower COVID-era free agency periods, with over 150 signings to parse through within 24 hours of the market opening. It may have been a weaker market than normal, but with cap space at a premium, there were some interesting signings (and choices) made over the last week.
The biggest free agent acquisition may have also been the biggest trade deadline acquisition just a few months ago – defenseman Dmitry Orlov. He found himself sacrificing long-term stability, instead cashing in for a few short years during his prime, signing a two-year deal with the Carolina Hurricanes worth a whopping $7.75MM per season. It makes him the highest-paid defenseman on the team, and it’s the highest cap hit of any deal handed out so far. Overall, Carolina’s been one of the more active teams over the past week, also signing winger Michael Bunting, and they’re expected to re-acquire defenseman Tony DeAngelo in a trade with the Philadelphia Flyers, which could go through as soon as tomorrow. They’ve also been linked to one of the best players left on the market, Vladimir Tarasenko, and remain in trade talks for reigning Norris Trophy winner Erik Karlsson.
Another team handing out some hefty contracts was the Anaheim Ducks, getting a pair of experienced veterans to head from coast to coast. Inking two-time Stanley Cup Champion winger Alex Killorn to a four-year contract worth $6.25MM per season and getting staunch defender Radko Gudas locked in at three years for $4MM per season, their front office is committed to adding some secondary pieces as Anaheim looks to turn the corner in their rebuild. It’s more term and money than most expected for both players at their age, however.
The Detroit Red Wings were also quite active over the past few weeks. They dished out a five-year commitment to center J.T. Compher, a one-year, $4.125MM deal for defenseman Shayne Gostisbehere, a three-year, $3.4MM contract for defenseman Justin Holl, and added veteran backup James Reimer to complement their crease. The individual merits of each contract have been hotly debated – especially those of Compher and Holl – but it’s fair to wonder whether these moves leave Detroit in a more competitive position than they were at this time last year after signing players like David Perron, Andrew Copp, and Ben Chiarot.
Interim general manager Kyle Dubas also made his mark on his new team, as the Pittsburgh Penguins re-signed starting netminder Tristan Jarry to a five-year deal and nabbed defenseman Ryan Graves for six years, also making many smaller moves to round out their forward depth.
Some other notable signings have included the Toronto Maple Leafs handing out one-year deals to John Klingberg ($4.15MM), Max Domi ($3MM), and Tyler Bertuzzi ($5.5MM), the Nashville Predators adding a trio of veterans in Ryan O’Reilly, Luke Schenn, and Gustav Nyquist, the Arizona Coyotes nabbing middle-six forwards Jason Zucker and Alexander Kerfoot, and the Ottawa Senators adding to their crease with a five-year, $20MM contract for Joonas Korpisalo.
We ask you, PHR readers, which team has done the best work over the past few days? Were there any teams you thought strayed from a solid plan, overpaid on the market, or maybe instead nabbed some value talents? Make your voice heard below in our poll or in the comment section: