Andrei Svechnikov

Over the offseason, Hurricanes GM Don Waddell had indicated that one of his priorities was to get winger Andrei Svechnikov signed to a contract extension.  The pending restricted free agent is now in the final year of his entry-level contract and has been a big part of Carolina’s success over the past couple of seasons.  However, he’s in a bit of a slump as of late with just one goal – an empty-netter – over the last 11 games.  As his on-ice play has slowed down, so too have his contract talks, reports Luke DeCock of the Raleigh News and Observer.

Although discussions on this deal started back in the offseason, Svechnikov’s agent Todd Diamond indicated that it may take until the summer to get something done with the shortened season also acting as an impediment in talks:

Things are kind of status quo. There’s a time and place to have deeper talks. There’s just so many games right now, it’s not the right environment for it. It may take into the offseason.

While Carolina would certainly like to get Svechnikov signed to a long-term deal, a bridge contract certainly would seem to make more sense on the surface at this point.  They already have more than $53MM in commitments for next season, per CapFriendly, and the 20-year-old is hardly the only one in need of a new contract.  Defenseman Dougie Hamilton is a pending unrestricted free agent while their goalie tandem of Petr Mrazek and James Reimer are also UFA-eligible.  Getting deals done to re-sign or replace them and round out the rest of the roster doesn’t make a long-term contract that buys out some UFA-eligible years the most viable of options.  Team owner Tom Dundon acknowledged to DeCock that a bridge deal is the likeliest route they’ll take and is quite confident in getting an agreement in place:

It’s easy, because he’s ours, we’re going to pay him fair and get it done.  That’s just when not if. We want to get it done. These are fairly easy deals to get done. The market, if you look at the bridge deals that have been done, it’s not that hard.

Svechnikov will be entering the RFA market this offseason without arbitration eligibility, something that he needs one more year of service time to reach.  Even with the lower goal output as of late, he still has 16 points in 19 games to sit one off the team lead and had a 24-goal, 61-point campaign in 2019-20.  Accordingly, even a short-term deal could creep into the $5MM range but that would still allow the Hurricanes to have enough cap flexibility to take care of some of those other free agents.  It just looks like it’s going to take a little while longer for them to get a deal done.

Photo courtesy of USA Today Sports Images.

Hurricanes winger Andrei Svechnikov is now eligible for a contract extension as he will be entering the final year of his entry-level contract next season.  While some of the potential top RFAs from the 2021 class may want to wait to sign to see what the financial picture looks like a year from now, the 20-year-old told NHL.com’s Tom Gulitti that he’s open to beginning talks this offseason.

Svechnikov’s second season was a strong one as he bested his rookie numbers despite the campaign getting shortened by the pandemic.  Overall, he put up 24 goals and 37 assists in 61 games to finish third on the team in scoring while logging a little under 17 minutes per game.  He played quite well in the playoffs too, collecting four goals and three assists in six games before suffering a high ankle sprain in the third game against Boston.  There won’t be any lingering concerns from that as Svechnikov indicated that he has nearly fully recovered from the issue and would have been ready to return had Carolina moved on.

Hurricanes GM Don Waddell said that he doesn’t have a timetable in place to try to work out extensions for Svechnikov or defenseman Dougie Hamilton who is a year away from UFA eligibility:

Certainly, they are both important players for this organization, and it makes more sense to get to it sooner than later.  You’re looking at two different types of contracts. One (Hamilton) is going to be an unrestricted free agent come next year after the upcoming year. Andrei will be coming off his entry-level deal. So it’s two different kind of negotiations we’re looking at. There’s no timetable. There’s no deadlines. They both have another year left. … We have a good relationship with both players. I fully expect both players to want to stay here.

While some top young players have signed extensions in recent years, last summer saw a shift towards players going to restricted free agency even without salary arbitration eligibility (including teammate Sebastian Aho).  That was in a different financial landscape though, one that projected a continual increase in the salary cap but it may be a few years before there is any sizable jump now.  Accordingly, Svechnikov may prefer to take a short-term deal (either this offseason or next) rather than lock in at a rate that could be below market value if revenues eventually work their way back up.  Talks will likely begin at some point over the coming weeks but this may be a case where waiting until next season makes the most sense.