Alex Formenton

When the calendar flips to September, it’s time to start paying some attention to who’s left unsigned in restricted free agency.  Usually at this point, two months have elapsed since the start of free agency (it’s six weeks this summer) which is typically more than enough time to get a deal done.

There are currently 13 remaining RFAs that haven’t signed elsewhere for next season.  As is usually the case, those players can be grouped into a few tiers which are as follows.

Star Players

Jason Robertson (Dallas)

Generally speaking, there are usually more players in this group at this time but the 23-year-old is the only star player in need of a new deal.  He’s coming off a 41-goal campaign that has the asking price justifiably high – team owner Tom Gaglardi acknowledged it’s in the $7MM range.  The Stars would likely prefer to do a long-term deal that buys out some UFA years but that could push the AAV past $9MM and they don’t have the cap space to do that.  At this point, what GM Jim Nill does or doesn’t do on the trade front might dictate what ultimately happens with Robertson; if they can free up some money, a long-term agreement becomes palatable but otherwise, it’ll almost certainly be a bridge contract.

Underachieving Former First Rounders

Erik Brannstrom (Ottawa), Kirby Dach (Montreal), Barrett Hayton (Arizona), Rasmus Sandin (Toronto)

Dach and Hayton were both top-five picks in their respective draft classes but have yet to show the type of offensive consistency to put them in the category of core players.  Dach was traded to Montreal at the draft after a quiet season that saw him put up nine goals and 26 points, both career-highs.  Despite that, it appears that the Canadiens are at least pondering a medium-term agreement that would run for four years but still leave him RFA-eligible at the end.  Something a little shorter in the $2.5MM range is also an option.  Hayton has just this last season in terms of being a regular under his belt and could fit in a different category than this but his performance relative to draft stock has been concerning.  He’s a prime candidate for a bridge contract and with fewer than 100 NHL games under his belt, he simply doesn’t have the leverage to command anything longer.  A two-year deal around the $2MM range should be where his deal falls.

As for Brannstrom, he was billed as an offensive defender but has yet to be able to produce with any consistency since joining Ottawa back in 2019.  He has just two career goals in 116 career games but that hasn’t stopped his camp from seeking a multi-year agreement in negotiations which are likely playing a role in this delay.  Sandin could also fit in a different category but the 2018 first-rounder has exhausted his waiver exemption and doesn’t appear to be a fit in their top six next season.  His agent recently bemoaned the lack of progress in negotiations.  Teammate Timothy Liljegren’s two-year bridge deal that has a $1.4MM AAV seems like a reasonable comparable but with playing time being a potential concern, might Sandin be looking for more certainty before putting pen to paper on a new deal?

Young Regulars

Michael Anderson (Los Angeles), Alex Formenton (Ottawa), Nicolas Hague (Vegas)

Formenton played his first full NHL season in 2021-22 and it was a good one as the 22-year-old speedster chipped in with 18 goals and 14 assists in 78 games.  The Sens have ample cap space this coming season so there are some options beyond the bridge contract.  If GM Pierre Dorion thinks that Formenton is part of their long-term core, a longer-term pact that buys out a UFA year or two in the $3.5MM range might be a better way for them to go.

Hague has done well in a limited role on the back end for the Golden Knights over the past two seasons and is coming off a year where he logged close to 19 minutes a night.  They’ve already spent most of the LTIR ‘savings’ so Vegas isn’t in a spot to give him a long-term deal.  But is Hague better off taking a one-year contract that would be below market value to acquire arbitration eligibility next summer?  Such a deal would be in the $1.25MM range with the promise of a better payout later on.  Otherwise, a bridge pact that’s closer to $2MM is probably in the cards.  Anderson has logged over 20 minutes a night for the Kings for the last two years but doesn’t have the offensive numbers to support a pricey bridge deal.  Los Angeles’ cap space is quite limited so, like Hague, a one-year deal in the $1.25MM range might be where they wind up settling.

Not Fully Established

Sean Durzi (Los Angeles), Ryan McLeod (Edmonton)

McLeod figures to be a part of the long-term plans for the Oilers after a promising rookie campaign but doesn’t have much leverage at this point.  Edmonton’s issue here is cap space as they’re already in a spot where they need to clear money out.  If they can move someone out, a multi-year bridge contract becomes their preferred route but otherwise, he’s a strong candidate for a one-year deal around that $1.25MM threshold as well, perhaps a tad below that.

Durzi quietly put up 27 points in 64 games last season but it’s his only taste of NHL action so the track record isn’t strong enough to command a sizable contract.  A two-year bridge deal makes a lot of sense for him as a repeat performance over that stretch would have him well-positioned to seek $4MM or more two summers from now.  However, with the cap situation for the Kings, they might be forced to push for the one-year, ‘prove it’ contract that would fall in the same range as Anderson.

What’s The Holdup?

Cayden Primeau (Montreal), Adam Ruzicka (Calgary), Parker Wotherspoon (NY Islanders)

Ruzicka played in 28 games last season for the Flames and did reasonably well with ten points but it’s not as if he’s in a position to command a sizable raise.  He’s waiver-eligible but not a guarantee to be claimed if he passes through.  The holdup might be along the lines of making next season a one-way or two-way contract with any subsequent season(s) being a one-way agreement.  Even so, it’s odd this is taking so long.

Wotherspoon’s presence on here is arguably the most perplexing of the bunch.  He opted to not file for salary arbitration which would have gotten him signed weeks ago.  He has cleared waivers in each of the last two seasons and has yet to play an NHL game.  Haggling over NHL money would be pointless as a result so accordingly, it’s safe to suggest his NHL pay would be $750K.  At this point, AHL salary or guaranteed money is the only sticking point.  In all likelihood, the gap probably can’t be more than around $25K which is a pretty small one to justify being unsigned this long.

Primeau is coming off a strong showing in the AHL playoffs but struggled mightily in limited NHL action with the Canadiens last season.  Even so, he’s viewed as their potential backup of the future as soon as 2023-24 when he becomes waiver-eligible.  This is a contract that should be a two-way pact next season and then one-way after that as a result and there are enough of those comparable contracts around the league for young goalies that the general framework should basically have been in place before talks even started.  As a result, this is another case that feels like it should have been resolved weeks ago.

There’s still plenty of time to work something out with training camps still a couple of weeks away and several of these players should come off the board by then but there will likely be a handful still unsigned when camps get underway.

Photo courtesy of USA Today Sports Images.