Who’s Playing On Another Team’s Dime?
The most recent CBA introduced retained salary transactions—trades where a team trade a player but agree to pay a percentage of his salary. This is ideal when a team wants a player but will have trouble fitting him in under the cap. The ability to retain salary comes with restrictions, however, so let’s briefly look at how retained salary transactions work before looking at which players are subject to them.
- A team can retain up to 50% of a player’s average salary (including bonuses);
- The retained salary amount is uniform over the full length of the player’s contract;
- A team can retain up to three players’ salary at one time;
- A team cannot have more than 15% of the salary cap devoted to retained salary;
- A team cannot retain salary on a player who is already subject to two current retained salary transactions;
- If a team acquires a player with retained salary, then trades him while also retaining salary, the second retained salary agreement cannot modify the initial retained salary agreement;
- Teams cannot reacquire a player within a year of trading him if it agreed to retain salary in the initial transaction (unless the player’s contract terminated);
- Retained salary obligations apply to any cap advantage recapture amounts; and
- Retained salary obligations still apply if a player is bought out or loaned to an AHL club. The NHL team would pay a portion of the player’s AHL salary (if applicable).
Evening Notes: Blackhawks, Flyers, Palmquist
The Minnesota Wild have locked up 26 year-old defenseman Zach Palmquist to a one-year, two way contract, per Renaud Lavoie. The NHL value of the contract is $725,000. Palmquist has not yet played an NHL game, but played in 72 games for the AHL affiliate Iowa Wild last season. Palmquist is a low-scoring two-way defender, but at barely 6 foot tall, relies more on his skating and stick-checking to find success. He has a decent, accurate pass but cannot be relied upon for consistent offensive production. Still, he was trapped in a gigantic logjam with the glut of defensemen in the Minnesota system. Perhaps he finally gets his cup of tea as a bottom-pairing defender in 2017-18.
- Mark Lazarus of the Chicago Sun-Times contemplates the effect the Chicago overhaul will have on on-ice performance next season. He’s quick to point out that the 2016-17 Blackhawks had the second-best record in franchise history, which is quite storied. That said, it seems unlikely that the Hawks will be able to replicate that regular season success with such incredible turnover. Lazarus may be a little premature in his worry about post-season contention or management firings, but GM Stan Bowman and coach Joel Quenneville will undoubtedly start feeling heat if the season starts off on a sour note. Losing Artemi Panarin and Niklas Hjalmarsson in particular have drawn ire from the fanbase, and it will be interesting to see how much faith ownership maintains if Chicago struggles early in the incredibly deep Central division. Although many of the moves were made out of salary cap necessity, the expectation is to win.
- The Flyers never do seem to fully alleviate their goaltending troubles. Bob Ford of the Philadelphia Inquirer is quick to point out that free-agent acquisition Brian Elliott is not the answer to all their woes in between the pipes. He points out with particular concern the unlikelihood of Michal Neuvirth playing a full 40+ game split, which he hasn’t done outside of one season. Ford also attacks the tandem goaltending model, stating that it rarely finds success – though that is certainly a matter of debate. Elliott himself had his best season of his career for the 2011-12 Blues in a tandem with Jaroslav Halak. Ultimately, the franchise seems to be pinning its long-term hopes on either Carter Hart,18 or Felix Sandstrom, 20 – but neither is a sure thing. GM Ron Hextall is still not sold on Anthony Stolarz (even after protecting him in the expansion draft) and will watch his progress closely next season with the AHL Phantoms in Lehigh Valley.
KHL Notes: Sorokin, Kuznetsov, Lyubimov
The New York Islanders have some of the top goalie prospects in the world, but will have to wait a few more years at least to see Ilya Sorokin on North American ice. The Russian goaltender has reached a three-year extension with CSKA Moscow. He was under contract for the 2017-18 season already.
Sorokin is one of the best goaltenders in the KHL, winning Goaltender of the Year two seasons ago age-20. Should he ever decide to come to North America the Islanders would welcome him with open arms, but it still doesn’t seem like he’s considering it. Back in May, he told reporters after the World Championships that he would be focused on the 2017-18 season, but an extension will keep him overseas even longer.
- The Washington Capitals re-signed Evgeny Kuznetsov to an eight-year, $62.4MM contract yesterday, and GM Brian MacLellan met with the media today to discuss it and other offseason moves the team has made so far. To Stephen Whyno of the Associated Press, he explained that the threat of Kuznetsov going back to Russia was real, and pushed the contract higher than they’d hoped. The decision was “do we let Kuznetsov walk to Russia and become a UFA in 2 years or do we trade Marcus [Johansson]?”
- Agent Dan Milstein of Gold Star Hockey announced today that Roman Lyubimov has signed with CSKA Moscow in order to try his hand at the 2018 Olympics, something he hinted at back in April. Lyubimov is a restricted free agent with the Philadelphia Flyers after playing 47 games with the club last season. The 25-year old scored just six points, and didn’t make the impact they’d hoped for.
East Notes: Jagr, Dadonov, Callahan, Penguins
45 year old winger Jaromir Jagr is still looking for a new home after it was recently revealed that the Panthers wouldn’t be bringing him back for 2017-18. One place he won’t be going is Philadelphia, one of his former teams. When asked by Sam Carchidi of the Philadelphia Inquirer about bring the veteran back for another stint with the Flyers, GM Ron Hextall had the following to say:
“That’s just not the direction we’re headed in now. I have a great deal of respect for his accomplishments and everything he’s done in the game, but, again, it’s just not the direction we’re going.”
Jagr is the third highest scoring forward remaining on the open market after posting 46 points (16-30-46) in 82 games with the Panthers last season. He’s coming off a contract that saw him earn $5.5MM between his salary and games played bonuses and will likely have to come in below that wherever he signs on for next year.
Other notes from the East:
- Panthers GM Dale Tallon envisions big things for recent acquisition Evgeni Dadonov. He told reporters, including Harvey Fialkov of the Sun-Sentinel, that Dadonov projects to play on their top line alongside Aleksander Barkov and Jonathan Huberdeau. The 28 year old struggled in his first stint with Florida back from 2009-2011 but is coming off a career season in the KHL where he finished fifth in league scoring with 66 points (30-36-66) in 53 games.
- After missing 64 games with recurring hip problems last season, Lightning winger Ryan Callahan told Joe Smith of the Tampa Bay Times that those issues are completely behind him and that are no limitations. Tampa Bay would undoubtedly welcome a healthy Callahan in their lineup to get some bang for their buck; he currently is their second highest paid forward and still has three years left on his deal with a $5.8MM cap charge.
- The Penguins plan to replace Nashville-bound center Nick Bonino via the trade route, GM Jim Rutherford noted to reporters, including Jason Mackey of the Pittsburgh Post-Gazette. He acknowledged that he has been in talks with other teams but so far the prices have been too high for his liking. Rutherford added that he’s in no rush to find the right fit and that he would be okay if it took until sometime into next season before they acquire Bonino’s replacement.
2017 NHL Free Agency Tracker
Stay with PHR for all of the free agency signings this off-season. As of noon ET on July 1st, unrestricted free agency is open, but not before many extensions earlier in June. This page serves to organize everything in one spot, and are linked to the PHR story that corresponds with the signing. All July signings will be separated by date while June signings are organized alphabetically by team. It will be updated as soon as stories post.
Please note that signings on this list start on June 12.
July 1st:
- Anaheim re-signs Cam Fowler (8 years/$52MM)
- Anaheim signs Ryan Miller (2 years/$4MM)
- Arizona signs Adam Clendening (1 year/$650K)
- Boston signs Paul Postma (1 year/$725K)
- Buffalo signs Benoit Pouliot (1 year/$1.15MM)
- Buffalo signs Chad Johnson (1 year/$2.5MM)
- Carolina signs Justin Williams (2 years/$9MM)
- Chicago signs Patrick Sharp (1 year/$1MM)
- Chicago signs J-F Berube (2 years/$3MM)
- Chicago signs Jordan Oesterle (2 years/$1.3MM)
- Colorado signs Jonathan Bernier (1 year/$2.75MM)
- Dallas signs Martin Hanzal (3 years/$14.25MM)
- Dallas signs Tyler Pitlick (3 years/$3MM)
- Detroit signs Trevor Daley (3 years/$9.534MM)
- Florida signs Radim Vrbata (1 year/$2.5MM)
- Los Angeles signs Mike Cammalleri (1 year)
- Los Angeles signs Cal Petersen ( 2 year ELC)
- Los Angeles signs Christian Folin (1 year/$850K)
- Minnesota signs Ryan Murphy (1 year/$700k)
- Minnesota signs Landon Ferraro (2 years/$1.4MM)
- Minnesota signs Kyle Quincey (1 year/$1.25MM)
- Minnesota signs Cal O’Reilly (2 years/$1.4MM)
- Montreal signs Kyle Alzner (5 years/$22.5MM)
- Montreal signs Byron Froese
- Montreal signs Peter Holland
- Nashville signs Nick Bonino (4 years)
- Nashville signs Scott Hartnell (1 year/$1MM)
- Nashville signs Anders Lindback (1 year/$650K)
- Nashville signs Matt O’Connor (1 year/$650K)
- New Jersey signs Brian Boyle (2 years/$5.1MM)
- NY Rangers sign Ondrej Pavelec (1 year/$1.3MM)
- NY Rangers sign Kevin Shattenkirk (4 year/$26.6MM)
- Ottawa signs Nate Thompson (2 years/$3.3MM)
- Philadelphia re-signs Mike Vecchione (2 years/$1.88MM)
- Pittsburgh signs Antti Niemi (1 year/$700K)
- Pittsburgh signs Matt Hunwick (3 years/$6.75MM
- San Jose re-signs Martin Jones (6 years/$34.5MM)
- San Jose re-signs Marc-Edouard Vlasic (8 years/$56MM)
- San Jose re-signs Joe Thornton
- St. Louis signs Beau Bennett (1 year/$650K)
- St. Louis signs Chris Thorburn (2 years/$1.88MM)
- St. Louis re-signs Oskar Sundqvist (1 year/$650K)
- Tampa Bay signs Dan Girardi (2 years/$6MM)
- Toronto signs Ron Hainsey (2 years/$3.25MM)
- Toronto signs Curtis McElhinney (1 year/$850K)
- Toronto signs Dominic Moore (1 year/$1MM)
- Toronto signs Garret Sparks
- Winnipeg signs Dmitri Kulikov (3 years/$13MM)
- Winnipeg signs Steve Mason (2 years/$8.2MM)
- Vancouver signs Sam Gagner (3 years/$9.45MM)
- Vancouver signs Michael Del Zotto (2 years/$6MM)
- Vancouver signs Anders Nilsson (2 years/$5MM)
Winnipeg Jets Sign Steve Mason
The Winnipeg Jets’ hunt for stability in net has brought in former Calder Trophy-winner Steve Mason. Mason, the former Philadelphia Flyers’ starter, was thought to be in line for a backup job after a down season. However, TSN’s Bob McKenzie reports that Mason’s contract is for two years and $8.2MM; a $4.1MM AAV. Mason will thus be looked upon to take over the starter role and hold off young Connor Hellebuyck.
Mason, at 29, was coming off a disappointing season for the Flyers, finishing this year with a 2.66 GAA and a .908 save percentage. His career has been somewhat of a roller coaster, however, starting with his rookie season in 2008-09 when he came out of nowhere, posting a 2.29 GAA in 61 games and leading the Columbus Blue Jackets to their first-ever playoff series and winning the Calder Trophy. He then followed his impressive rookie campaign, tallying a 3.05 GAA in 58 games and a .901 save percentage and was never able keep his goals against under three until the Blue Jackets traded him to the Flyers in 2013. Mason regained his form, but never to the point of that initial season.
Mason’s new contract is exactly the same contract he has had over the past three years when he inked a 3-year, $12.3MM contract back in 2014 with the Flyers. However, in Winnipeg, he has a chance to take control of the starting gig there as Hellebuyck struggled as a full-time starter. The team still hopes the 24-year-old can become their everyday starter, but the general belief is they need a veteran to hold down the pipes for a couple of years until the youngster is ready.
Canucks Sign Sam Gagner, Michael Del Zotto, Anders Nilsson
GM Jim Benning and the Vancouver Canucks are off to a hot start to free agency, signing a major name from all three positions: forward Sam Gagner, defenseman Michael Del Zotto, and goalie Anders Nilsson.
Gagner, a play-making center who enjoyed a bounce back season with the Columbus Blue Jackets in 2016-17, has signed on for three years at $3.15MM per year, via TSN’s Pierre LeBrun. After making just $650K on a one-year “show me” deal with the Jackets, this is a nice reward for Gagner who returned to form with a career-high 50 points after a disastrous 16-point campaign with the Flyers the year before. Yet, other than 2015-16 in Philadelphia, Gagner has been a consistent 40-50 point man and is still only 27 despite having a decade of NHL experience under his belt. Gagner will be happy to make nearly five times his 2016-17 salary, but this still comes off as quite a bargain for the rebuilding Canucks.
Del Zotto, a capable puck-mover who struggled to carve out a role with the Philadelphia Flyers, will get a new opportunity in Vancouver on a two-year, $6MM contract, according to TSN’s Frank Servalli. Not since his third year in the league with the New York Rangers in 2011-12 has Del Zotto truly been relied upon as a starter. In stints in New York and Philadelphia, Del Zotto has shown ample offensive ability, but little defensive reliability. A career -26 player, Del Zotto may never develop into a true all-around NHL defenseman, but at $3MM per year, the Canucks will expect him to strive to be such a player.
As for Nilsson, the former Buffalo Sabres backup has earned himself a nice raise, as LeBrun reports that he has signed a two-year deal worth $2.5MM annually to play 1B to Jacob Markstrom‘s 1A in the Vancouver net. Nilsson was a savior of sorts for the Sabres in 2016-17, posting a career high .923 save percentage and 2.67 GAA in relief of Buffalo starter Robin Lehner. Nilsson outplayed Lehner, but Buffalo still informed Nilsson that they would move forward with Lehner as the starter and rather than play second-fiddle again in the same situation (like Chad Johnson is now doing), Nilsson has moved on to another situation where he may be able to outplay the incumbent and steal starts.
Flyers Re-Sign Mike Vecchione
If this headline seems familiar, that is because the Philadelphia Flyers did just sign major college free agent Mike Vecchione to his entry-level deal back in March. However, it was just a one-year contract with a promise attached to burn the year with play time in the NHL this past season. Now a restricted free agent, Vecchione is on to his second contract already, inking a two-year, $1.8MM deal with the Flyers. It is also a one-way contract, so Vecchione will be looked on to carve out a role in Philadelphia and could prove to be a major bargain at $900K.
Vecchione played in two NHL games in 2016-17, but saw only minimal ice time and did not record a point. A prolific scorer at Union College, Vecchione is expected to play a much greater role going forward. Scoring at a clip of nearly two points per game in the NCAA last year, if Vecchione’s small, speedy game translates, he could be dangerous for the Flyers right away.
In other small moves, the Flyers re-signed Corban Knight and brought in Ottawa Senators minor leaguer Phil Varone on two-year, two-way contracts this morning as well. Both Knight and Varone are veteran AHLers who add depth and experience to the Flyer’s group of call-up ready players.
Free Agency Rumor Round-Up
Free agency is set to open in mere hours, but there are already plenty of rumors out there about deals that will become official at noon ET. Here are all of the deals expected to be made official this afternoon with the link to the original PHR article or recent report:
Anaheim Ducks expected to sign G Ryan Miller (per TSN’s Bob McKenzie)
Boston Bruins expected to sign LW Kenny Agostino
Buffalo Sabres expected to sign G Chad Johnson
Chicago Blackhawks expected to sign RW Patrick Sharp
Colorado Avalanche expected to sign G Jonathan Bernier
Dallas Stars expected to sign C Martin Hanzal (per TSN’s Bob McKenzie)
Detroit Red Wings expected to sign D Trevor Daley
Florida Panthers expected to sign RW Evgeni Dadonov
Florida Panthers expected to sign C Micheal Haley
Montreal Canadiens expected to sign D Karl Alzner
New York Rangers expected to sign G Ondrej Pavelec
Philadelphia Flyers expected to sign G Brian Elliott
Tampa Bay Lightning expected to sign D Dan Girardi
Vancouver Canucks expected to sign D Michael Del Zotto
Vancouver Canucks expected to sign G Anders Nilsson
Vancouver Canucks expected to sign C Sam Gagner (per TSN’s Bob McKenzie)
Winnipeg Jets expected to sign G Steve Mason (per TSN’s Bob McKenzie)
Brian Elliott To Sign With Philadelphia Flyers
Even before the free agent frenzy begins tomorrow, we have news of a potential signing. Andy Strickland of Fox Sports is reporting that a deal is all but done between the Philadelphia Flyers and Brian Elliott which will pay him an average of $2.75MM for the next two seasons. We had Elliott ranked #17 on our Top 50 Free Agent list and though we predicted a two-year deal, believed he would pull in $7.5MM over the two seasons. 
Obviously this contract can’t become official until tomorrow morning, but it’s being confirmed from multiple sources and even hinted at by Elliotte Friedman yesterday. Elliott will join Michal Neuvirth in Philadelphia where he will try to re-establish himself as a starting goaltender in the NHL. In an up and down season for the Calgary Flames, Elliott struggled mightily at times but also caught fire leading the team into the playoffs. He’d have his troubles in a first round matchup with Anaheim though, even being pulled after just as single goal in the deciding game four.
In Philadelphia, where they’ve struggled to find consistent goaltending for quite some time, Elliott is a short term placeholder. At 32, he’ll be keeping the seat warm for one of the Flyers’ young goaltending prospects like Carter Hart, Alex Lyon or even Anthony Stolarz should he fully return from injury. There’s no guarantee any of those three will turn into a legitimate starting option, but for now the team will cross their fingers and ride Elliott and Neuvirth for the next two years.
For the goalie market, this takes another name off the potential shopping list for the Winnipeg Jets (where we had Elliott projected) and others who are looking for an upgrade. While Steven Mason, Jonathan Bernier, Ryan Miller and others remain on the market, it’s not clear if a single long-term starting option remains. It will be interesting to see if that brings Washington Capitals backup Philipp Grubauer back into the market, especially given the cap troubles his team will face after signing Dmitry Orlov to a big deal. The Capitals may not have room to sign Grubauer to a new contract, and have Pheonix Copley waiting in the wings to replace him behind Braden Holtby.
With Washington unlikely to deal with division rival Philadelphia, perhaps this was the only option they had to improve in net. That improvement will be questioned though, as they let the younger and similarly skilled Steve Mason go to free agency. Perhaps he was asking to much, or just wanted out of Philadelphia but only time will tell whether they’ve really moved forward from the net out.
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