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Cap Problems Loom – A Look Ahead For Chicago

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The Chicago Blackhawks’ management will have to take a deep, long look in the mirror this off-season. Their core is locked up and in their primes. With an offense boasting Artemi Panarin, Patrick Kane, Jonathan Toews, grizzled Marian Hossa, and a resurgent Artem Anisimov, there were many predictions around the league for Chicago to reclaim another cup. Instead, the comparatively deep lineup Nashville iced completely dominated Chicago, sending them packing in a 4 game sweep – the first ever time an “8th seed” has swept a “1 seed”.

This is an analysis of Chicago’s cap frustrations, and what has led to them.

Jonathan Toews and Patrick Kane each account for $10.5 MM towards the team cap, and are both under contract until the 2022-23 season. With a cap ceiling that is expected to remain in the ballpark of its current $73 MM, this is a massive $21 MM, 28.8% of the team total. In past seasons, contributions from players on ELCs and cheap one-to-two year deals made this issue far less concerning. Success will do a lot to mask poor planning on management’s part.

Looking at their roster situation next year, the squad looks something like this (numbers represent $MM towards cap):

Nick Schmaltz (0.925) – Jonathan Toews (10.5) – Marian Hossa (5.275)

Artemi Panarin (6.0) – Artem Anisimov (4.550) – Patrick Kane (10.5)

Dennis Rasmussen (RFA) – Marcus Kruger (3.083) – Richard Panik (RFA)

Ryan Hartman (0.863) – Tanner Kero (0.750) – __________

*******

 

Nik Hjalmarsson (4.1) – Duncan Keith (5.538)

Brent Seabrook (6.875) – Trevor van Riemsdyk (0.825)

Michal Kempny (RFA) – Gustav Forsling (0.873)

************

Michal Roszival (0.650)

 

Corey Crawford (6.0)

_________

 

A few things to note: there are still 4 likely vacancies on this roster, and the team would probably prefer to have at least one more extra skater on hand for the season. Before the RFA contracts are negotiated, this comes to a total of $67.307 MM already spent. Brian Campbell and Johnny Oduya are not likely to return, considering the former’s price and the latter’s struggles. Roszival is not likely to be trusted with 7th defenseman duties. With Panik’s stellar season, he is nearly sure to command a sizable raise. The 26 year-old had what can only be described an incredibly over-achieving breakthrough – he notched 44 points, 22 of which were goals. The expectation should be that, even under team-friendly RFA negotiations, he will earn upwards of $2 MM, likely in the $2.5 MM range. Assuming the other two RFAs (Rasmussen and Kempny) receive somewhere around $1 MM each, this brings the grand total to $71.807 MM with at least 3 slots to fill, probably 4.

From here, Chicago could go one of two routes. They could try to fill out the remaining spots with the absolutely cheapest possible players, and hope they strike gold with another prospect or free agent. They went down this road last year, and one could reasonably assume they may not have liked the results. The other option would be to move a sizable contract out in the name of increased depth. A few options would be Seabrook or Hjalmarrson on the back-end, or perhaps Hossa up front. Although the captain’s relative cost efficiency is arguably not good, I don’t see a scenario where the Windy City management would be willing to move on from Toews. Anisimov’s play and chemistry with Kane at a cheap 2C price-tag make him unlikely to be moved, and Kruger was just signed to a cost-efficient deal.

It should be noted that if Chicago would be (for whatever reason) unable to move a contract, they could opt to leave a player unprotected for Vegas to take. This is not a likely scenario, however. Many believe that van Riemsdyk will be left unprotected, but exposing such a cheap and effective youngster seems counter-productive at this point. The problem with ditching Seabrook or Hjalmarrson is that it opens up a huge hole that is not likely to be filled much cheaper – top 4 defensemen don’t come cheap, especially considering this year’s limited UFA class. Hossa, it should be noted, has a No Movement Clause, which would severely complicate any sort of transaction involving the veteran winger.

Decisions lie aheaad for Chicago management, and the decisions may be even tougher than they were after their Cup win in 2010. That off-season, they were forced into moving Dustin Byfuglien, Andrew Ladd, and Kris Versteeg. Those tough decisions laid the groundwork for their next two titles. This is the cost of success in the post-cap era, and Chicago will again need to make sacrifices if they wish to see any more.

Islanders Reviewing GM Garth Snow

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After missing the playoffs this season by just a point, albeit in a year when they expected to be contenders, the Islanders have begun their off-season evaluations and must ask the tough questions if they want to improve in 2017-18. One of those questions is about the fate of GM Garth Snow. Snow, who has been on the job for over a decade now, made many moves this season that deserve some scrutiny. The firing of head coach Jack Capuano and promotion of Doug Weight seemed to work out; letting Kyle Okposo and Frans Nielsen (116 points combined in 2015-16) walk in free agency and replacing them with Andrew Ladd and Jason Chimera (64 points in 2016-17) not so much. Snow’s job is safe for now, but the Islanders are doing their due diligence in reviewing the GM’s recent moves and plans for the future.

However, they are going about it in a strange way. According to Sportsnet’s Elliotte Friedman, the Islanders have been polling league executives to see how they think Snow has been doing. In theory, this is an interesting plan: hire and outside firm to get the opinions of peers across the league and avoid bias from within the organization. The execution is lacking, though. So far, the feedback has been overwhelmingly positive, despite some highly questionable moves. The reasoning behind this is relatively simple: What incentive does any rival executive have to be critical of Snow? If they think Snow is doing poorly, they can only benefit from the Islanders’ continued struggles while he is in charge and may even want to keep him in control of player operations in hopes of swindling him in a trade down the road.

This is clearly a flawed system and hopefully the Islanders are only taking this feedback with a grain of salt in evaluating Snow’s future. It would be a shame for Snow to lose (or keep) his job after all this time based on the faulty polling of competitors.

July 1st Free Agent Frenzy Reflection

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The National Football League officially opened the 2017-18 league year yesterday at 4:00pm ET, and the annual onslaught of massive free agent signings has been ongoing ever since, keeping our friends over at Pro Football Rumors pretty busy. The NHL has a similar ritual, as flurry of free agent activity is common each and every July 1st, when a new hockey season officially begins. Last summer, a handful of huge contracts were handed out on July 1st. With the season winding down, how have those players performed in their first seasons? (Hint: mostly really bad)

Milan Lucic

Signed: Seven-year, $42MM deal with the Edmonton Oilers

2016-17 stats: 66 games, 14 goals, 22 assists, 36 points, -7 rating, 134 shots, 17:13 ATOI

Of all six players who received the biggest contracts on July 1st, Lucic is the only one on a team that appears to be a lock for the postseason in 2016-17. Now, that may say more about the effectiveness of hastily giving out money to the best players on the market, but Lucic at least deserves some credit. His offensive production doesn’t quite match up with his $6MM yearly price tag, but Lucic has added the same degree of grit and toughness that made him a fan favorite and Stanley Cup champion with the Boston Bruins. Lucic is always a physical threat on the ice and can make plays through his ability to crash the net and win battles along the boards. He’s never been able to score much more than 60 points per season, with just one 30-goal campaign in his career, but he earns his money through protecting the talented players on the ice while also having the ability to skate alongside them. Lucic is also spending an abnormal amount of time not in the penalty box, with just 41 penalty minutes as opposed to a career average closer to one hundred. Lucic is spending more time on the ice, most recently with his new line of Ryan Nugent-Hopkins and Jordan Eberle, than he is in the box, and as long as that continues, this contract will pay off for the Edmonton Oilers.

Kyle Okposo

Signed: Seven-year, $42MM deal with the Buffalo Sabres

2016-17 stats: 63 games, 19 goals, 24 assists, 43 points, -6 rating, 151 shots, 19:04 ATOI

Okposo may have been named an All-Star in his first season in Buffalo, but the Sabres were likely expecting more from their major 2016 investment. The Sabres were likely expecting more from the 2016-17 season overall, but Okposo’s lack of production doesn’t help the matter. As it stands, Okposo is on pace to have his worst scoring season since 2012-13 unless he picks up the pace over Buffalo’s final 15 games. At $6MM a year for six more seasons to come, the Sabres can only hope that Okposo hasn’t already begun his decline at just 28 years old. Okposo has looked good alongside Ryan O’Reilly for stretches this season, but there hasn’t been enough consistency. He is still a safer asset than many of the other older players on this list, but we’ll have to wait until next year to know for sure whether this was a bad call by Buffalo.

Andrew Ladd

Signed: Seven-year, $38.5MM deal with the New York Islanders

2016-17 stats: 62 games, 19 goals, 6 assists, 25 points, -11 rating, 112 shots, 15:56 ATOI

The Islanders have made an impressive comeback from a dismal beginning to 2016-17, but even if they find a way into the playoffs, that won’t be enough to make them feel good about the deal they gave Ladd this summer. At just 31 years old, no one could have predicted that the veteran winger would fall off a cliff this quickly. After scoring 46 or more points in each of the past six seasons, Ladd will be lucky to reach 3o this year. His $5.5MM cap hit over six more seasons could be yet another big mistake by a team with a long history of issues with long-term contracts. John Tavares and the Islanders can only hope that 2016-17 was a fluke and that they’ll get the real Ladd next season, but don’t count on it.

Loui Eriksson

Signed: Six-year, $36MM deal with the Vancouver Canucks

2016-17 stats: 65 games, 11 goals, 13 assists, 24 points, -9 rating, 132 shots, 18:41 ATOI

From bad to worse, we move from Ladd to Eriksson, who may be the worst signing of the summer at this point in time. After a stellar 63-point season with the Bruins in 2015-16, Eriksson signed a long-term deal worth $6MM annually in Vancouver, and the Canucks brass expected that his addition would keep the championship window opened a bit longer. Instead, the team has faltered and appears headed toward a rebuild. One of the main factors to this collapse has been an utter lack of production out of Eriksson. The Swedish winger supposed to put up huge numbers alongside Daniel and Henrik Sedin, but with a month to go, he has been off the top line for a while now has has less than half the points as he did at this time last year. Whether it is a poor fit or simply poor play, this signing could end up being a long-term headache for the Canucks if Eriksson can’t turn it around in 2017-18.

Frans Nielsen

Signed: Six-year, $31.5MM deal with the Detroit Red Wings

2016-17 stats: 62 games, 13 goals, 17 assists, 30 points, -17 rating, 125 shots, 17:09 ATOI

Though the streak of failures was over? Not yet. Nielsen left the Islanders this summer, like Okposo, to help keep the postseason hopes of the Detroit Red Wings alive, like Eriksson in Vancouver, and like Okposo and Eriksson he has struggled. Because of this, the Red Wings’ historic playoff streak is all but snapped and they are left scratching their heads with a roster full of veterans on long-term contracts who didn’t perform up to snuff in 2016-17. Nielsen may be the worst of the bunch, as his 30 points teeters on the edge of being the worst full season of his career. Beyond just the lack of production, Nielsen’s -17 rating is atrocious, especially compared with his numbers in New York, where he was considered a good two-way center. No one on the Red Wings has exceeded expectations this season – now that Thomas Vanek has been traded – but that’s no excuse for Nielsen. He finally got the big pay day he had always wanted, but if really wants to earn that yearly $5.25MM and stay in Detroit for the remaining five years, his play will need to pick up next season.

David Backes

Signed: Five-year, $30MM deal with the Boston Bruins

2016-17 stats: 59 games, 13 goals, 18 assists, 31 points, even rating, 140 shots, 17:21 ATOI

Finally we get to Backes, who despite scoring less than Okposo and not much more than the other two, can count his first season in Boston as a success. Backes has taken his fair share of criticism in 2016-17, but at the end of the day he has always been a two-way threat more than an offensive threat and has done well in that role this season. Backes’ 31 points is well behind his 45 points in St. Louis last year and 58 the year before, but the 32-year-old has also been asked to move from his old first-line center role to a top-six winger role this season, on a team that hasn’t been great at scoring goals. Despite all that, Backes may still end up with about 40 points, as he has been playing his best hockey of the year of late, now a member of the team’s top line with Patrice Bergeron and Brad Marchand since the Bruins’ coaching change. Like the role Lucic once played in Boston, Backes has provided a dominant physical presence wherever he has played in the lineup this season and has contributed some offense along the way. Might the Bruins regret this contract in year four or five? Possibly, but for now Backes is a good fit and will continue to be this season, postseason, and beyond.

New York Islanders Activate Hamonic, Terminate Emergency Conditions On Ho-Sang

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Apparently Josh Ho-Sang did enough to stay with the big club last night, as the team has kept him around even after activating Travis Hamonic from injured reserve. Originally on emergency recall, the Islanders have terminated those conditions and placed him on a regular recall. That means Ho-Sang could last the rest of the season with the Islanders, and why not?

The ridiculously skilled winger played 17 minutes last night alongside Andrew Ladd and Brock Nelson, and didn’t look out of place at the NHL level. After dominating the AHL in his first taste of professional hockey—36 points in 48 games is a good start at any level for a 20-year old—he’ll get a chance to help the Islanders down the stretch and possibly into a playoff spot. The team, desperate for wingers all season has to be excited about the prospect of pairing Ho-Sang’s playmaking ability with John Tavares down the line, even if that will have to wait until next season.

Drafted 28th overall partly because of a belief he was a problem off the ice, the Islanders seem very happy with their newest player. They’ll need all the help they can get tonight against the Chicago Blackhawks, as the team continues a brutal nine game road trip that will see them fly all over the continent. They’re 3-1 on it so far after beating the Dallas Stars last night, but with games against Chicago, Calgary, Edmonton, Vancouver and St. Louis left to go, it will likely decide their playoff fate.

Casey Cizikas To Miss Four Weeks With Upper-Body Injury

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After leaving last night’s game, Casey Cizikas will be out for approximately four weeks according to Arthur Staple of Newsday. Casey Cizikas The Islanders made an emergency recall of Bracken Kearns today to fill in, but was thought of as the fill-in for Cal Clutterbuck who also left with an injury. We’ll wait and see what the lineup looks like tomorrow against the Montreal Canadiens.

With Cizikas out, the Islanders have lost even more depth at a position they severely lack. Center ice has been a problem for them all season with Mikhail Grabovski fighting concussion symptoms and Ryan Strome not being able to make the transition at the NHL level. Cizikas has played up and down the lineup for the team and takes the second most draws behind only John Tavares. His absence will not only leave a defensive hole, but also a physical one. He and Clutterbuck have formed one of the most punishing combinations in the league in recent years—along with Matt Martin who signed with Toronto this summer—and have worn out defenders with a persistent forecheck.

For the Islanders, who are actually tied for a playoff spot currently, it is a big blow to an already depleted forward group. Since watching Frans Nielsen and Kyle Okposo leave in free agency, the team has had a difficult time finding forwards that can provide consistency for them. Cizikas even has more points than the big offseason fish Andrew Ladd, though that is turning around recently. This may force the team to pursue an upgrade at the trade deadline, even if it does come in the form of a rental from one of the bottom-dwellers of the Western Conference.

New York Islanders May Be Buyers At Deadline

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If Garth Snow had told the New York Islanders fans a couple of months ago that they might be buyers at the deadline, he’d likely be laughed out of the building. The early season struggles of the Islanders had people talking about their decisions to let Frans Nielsen and Kyle Okposo walk in the offseason, only to give a huge contract to Andrew Ladd. Through December 18th, the $38.5MM man had just seven points and looked like one of the biggest busts of the 2016 free agent class. The team was floundering near the bottom of the conference, and it looked like a lost season for the Islanders. Garth Snow

In the 20 games since, Ladd has 10 goals and 13 points, looking more like the consistent goal-scoring threat he has been throughout his career. The team has turned it around as well, and climbed right back into the East playoff race. At 62 points they’ve hopped over the Philadelphia Flyers and are just one behind the Maple Leafs for the final playoff spot.

That’s what has new head coach Doug Weight and Snow looking at possibly adding at the deadline instead of selling, according to Arthur Staple of Newsday. Weight—who is still an assistant GM after moving from the front office to the bench when the Isles fired Jack Capuano—especially seems to think they can do something, telling Staple “we’re in a position where we can really do something.”

Staple lists Patrick Sharp, Radim Vrbata and Martin Hanzal as rentals that could help the Islanders over the last third of the season and all three would be solid additions. Lacking secondary scoring after John Tavares and whoever he ends up playing with on a nightly basis, Sharp and Vrbata would add some ability on the wings. Hanzal, a much discussed target heading into the deadline, would solidify the center ice position and allow Casey Cizikas to move back down into a more familiar role.

Whether the Islanders decide to buy will likely depend on the next five games (one of which they’re losing 2-0 at the time of this writing) and where they sit when they shut down between February 26-March 1. If they can keep pace with the rest of the conference, they will likely decide that the window is now with Tavares and end up adding for the short or mid term. It seems unlikely that they would get into the Matt Duchene sweepstakes, but it is definitely a possibility. They do have a solid group of young defenders, the thing the Avalanche seem to covet most.

Photo courtesy of USA Today Sports Images.

Trade Deadline Reflection: Finding Value In The Margins

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The trade deadline now more than ever is a tough time to impact your team. With the tightening cap structure, long-term deals for young players and league-wide parity (however falsely constructed), finding a deal that works for both teams in a time-sensitive manner is a struggle. While every year there are one or two big name players moved, shocking deals (in the manner of Shea Weber for P.K. Subban) usually wait until the summer.

It’s because of this that fans and media alike must learn to love the small deals, the hockey swaps and the fresh starts. In these trades, teams can find a player that fits perfectly into their system and adds depth for a playoff run. Under-performing teams can take chances on fallen stars, prospects who have been labeled as early busts, or veterans who can make an impact in the development of a young player.

Though deals for Kevin Shattenkirk and Matt Duchene might sound fun, it’s often the Patrick Eaves or Ron Hainsey addition that makes a meaningful impact. To take a page from baseball, adding value anywhere is equal; upgrading the bottom pairing by a lot may be as important as improving your first line by a little. Last year, there were several deals of this nature.

Anaheim added goal scoring to their lineup by bringing in Jamie McGinn and Brandon Pirri on deadline day. The two would score 11 goals in 30 games (total), with McGinn scoring another pair in the playoffs. Edmonton would benefit from the deals as it let the Ducks part with Patrick Maroon later that day. Maroon made an immediate impact for the Oilers and has continued it with an 18 goal season  this year (though playing with Connor McDavid and Leon Draisaitl doesn’t hurt). Justin Schultz

Florida was only able to deal Pirri away because they’d added depth of their own in Teddy Purcell and Jiri Hudler. The pair of upcoming UFAs would each perform quite well for Florida down the stretch helping them lock up first place in the Atlantic Division.

Pittsburgh may have been the biggest winners in late-February without making a huge splash. On the 27th, just a couple of days before the deadline they made the small move of acquiring Justin Schultz. It only cost them a third-round pick (which would be #91 after the Penguins won the Cup). Though Schultz made an impact down the stretch with eight points in 18 games, this season that he has really shone. It’s been 35 points in 47 games for the former Edmonton Oiler.

It’s interesting to watch all the fanfare surround deals like Andrew Ladd, Kris Russell and Eric Staal. None of those deals worked out that well for their teams, despite the huge price tags. So when approaching this deadline don’t shrug off the little deals. They may be just as important, and much more affordable, than going after the big fish.

Photo courtesy of USA Today Sports Images

Projecting John Tavares’ Next Contract

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True superstars don’t hit the open market very often. When Steven Stamkos got close enough to talk to other teams in the negotiating window last summer, it was as close as you’d ever expect a player of that caliber in his prime to get to unrestricted free agency. Stamkos eventually signed on June 29th, a day that will live in hockey infamy (due to the massive trades that also happened within minutes of the Lightning re-signing). Thus, it was technically an extension that Stamkos signed, as he’d not yet become a free agent.

This weekend at the all-star game, a player who has been linked to Stamkos for a long time made his feelings clear about a possible extension. John Tavares, the superstar center that has been mired in New York (and not that New York) for the first part of his career told the media that he’d be open to an extension come July 1st, and that he liked the direction the organization was heading. Now, whether or not you agree with him on liking the direction GM Garth Snow and company are headed in, it’s a big deal that Tavares would come out so publicly in support of at least a negotiation.

So the question now becomes what would an extension look like. Tavares has one more season on his current deal, which will pay him $6MM (with a $5.5MM cap hit) and contains a full no-movement clause. He signed that deal back in 2011, before he’d even turned 21. Now 26, any extension he signs will start when he’s heading into his age-28 season almost two years older than Stamkos was.

It’s with Stamkos that the comparison has to begin. The two were the first overall selections in back to back years, and faced each other countless times in junior. They were even teammates at 17 for Canada at the World Juniors, while battling near the top of the OHL scoring charts (with another future first-overall selection in Taylor Hall). Stamkos’ deal then is a good starting point for projecting what Tavares will get.

It’s that though that poses so much difficulty, because of their distinct situations. As mentioned, Tavares is due to hit free agency later than Stamkos and doesn’t quite have the resume of the Lightning sniper. As surprising as it may be, Tavares lags behind in most categories including individual awards and team success. The Lightning have been players deep into the playoffs, while the Islanders have won just a single playoff round with Tavares. Stamkos has two Maurice Richard trophies for the league’s top goal scorer, while amazingly Tavares has only come relatively close to an award during the lockout-shortened season.

Stamkos received an eight-year deal from the Lightning, with an average annual value of $8.5MM. Many saw this as a steal for Tampa Bay, as there were numbers bandied about as high as $12MM from the Toronto Maple Leafs. With the blue-and-white shadow looming over Tavares as well (another home-town boy) $8.5 is an interesting starting point for an extension. Even if Stamkos did take a bit off to stay in Tampa, there are only seven forwards who earn more on a per-year basis than him in the league, and four of them were just named to the NHL’s top-100 players of all time (and another should have been, but I digress).  While Tavares simply doesn’t have the numbers to approach Stamkos – he has scored .92 points per game to Stamkos’ .99 – many believe he is the better defensive player and doesn’t have the injury history that the Lightning forward does.

Anze Kopitar, a center who lags behind Tavares offensively but is considered among the best defensive forwards in the game just got $10MM per season for the next eight years, and it seems like that may actually be closer to what the Islanders will have to dish out. While the real number will likely fall somewhere in between, it’s not out of the question that Tavares could get the largest annual value ever should he wait to hit the open market. Like Stamkos before him a bidding war would likely open, and with the loss of that eighth year possibility (contracts are capped at seven years once a player hits unrestricted free agency), the AAV would likely go up.

For the Islanders, signing Tavares is obviously a huge priority. But after committing long term to Andrew Ladd and having $6MM tied up in an under-performing and rapidly aging Johnny Boychuk it won’t be an easy task. The team has a lot of money tied up in players that aren’t giving them a chance at the Stanley Cup, meaning this superstar may just hold out a little longer to really see what direction the team is headed in for the next eight years.

John Tavares Open To Extension With Islanders

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Talking to Christ Johnston of Sportsnet at the All-Star Game in Los Angeles, New York Islanders superstar John Tavares revealed that he would be open to an extension with the team this summer. The centerman has just one year remaining on his current deal, which pays him $5.5MM per season.

Since he entered the league there has been unsubstantiated rumors that Tavares would welcome a return to him hometown of Toronto, but just like a long list of players before him it doesn’t seem like there is any truth to the matter. Tavares has made it clear that he’s open to returning to the Islanders, saying he is “excited about where the organization is headed.”

The Islanders are an interesting case. After making it to the playoffs the past two seasons and even winning a round last year, the team let two of their top names leave in the latest round of free agency. Kyle Okposo and Frans Nielsen both signed big deals elsewhere (Buffalo and Detroit respectively) and join Tavares at the All-Star game festivities. In their wake, the team signed Andrew Ladd to a seven-year contract but has seen the winger put up the worst year of his career and be unable to find any chemistry with Tavares early on.

While they’ll be paying Ladd until 2023, the team needs to lock up Tavares to have any chance at staying relevant long-term. The 26-year old is having another excellent season, with 19 goals and 40 points through his first 47 games. Skating most with Anders Lee and Josh Bailey, Tavares just hasn’t been able to find the elite talent that could project him and the Islanders to the next level.

The team will have plenty of cap-room for an extension, with Mikhail Grabovski, Nikolai Kulemin, Jason Chimera, Thomas Hickey and Jaroslav Halak all coming off the books that summer. Whether any of them are re-signed is still up for debate, but none of their play warrants a substantial amount of money going forward. Johnny Boychuk, signed for another five seasons after this with a cap hit of $6MM per, poses the biggest problem contract-wise for the Islanders, though they also will have a handful of restricted free agents to sign in the 2018 offseason.

Remembering The Early Trades From 2015-16

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The month between the All-Star game and the NHL trade deadline is an interesting one. While most of the action happens right at the end, even sometimes extending past the official deadline due to trade calls, sometimes big moves happen early in February.

Last season, 33 trades happened in the last few days (from February 26-29) before the deadline,  but there were also seven deals that happened in the weeks immediately after the All-Star break. Those deals were just as important to the futures of their teams as any made on the day itself. Let’s look back at the seven deals made between February 9th and 25th last season.

February 9th: Toronto trades Dion Phaneuf, Matt Frattin, Casey Bailey, Ryan Rupert and Cody Donaghey to Ottawa for Jared Cowen, Colin Greening, Milan Michalek, Tobias Lindberg and a 2017 2nd-round pick.

Starting with a whopper, the Maple Leafs continued their drastic tear-down by trading their current captain and highest paid player to a cross-province and divisional rival. The Senators had been looking for another big-minute defenseman and thought Phaneuf could become that player for them.

While it hasn’t worked out perfectly for the Senators, Phaneuf has logged over 23 minutes a night since coming over and is having a fine if unspectacular season offensively this year. While his massive looks like an albatross on their books – he’ll have a cap-hit of $7MM (more than Erik Karlsson) until 2020-21 – the actual salary is much lower. The team also rid themselves of dead money in Cowen, Greening and Michalek and only had to pay the price of a middling prospect in Lindberg and what looks like a fairly late second-round pick.

Lou Lamoriello and the Maple Leafs worked some accounting magic, and have effectively rid themselves of the cap-hits for all three players, burying Greening and Michalek in the AHL and buying out Cowen after a lengthy dispute. Moving Phaneuf was an integral part of the plan going forward, and both teams are fighting for playoff spots a year later.

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