Salary Cap Deep Dive: Nashville Predators
Navigating the Salary Cap is probably one of the more important tasks for any general manager to have. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.
PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2017-18 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.
Nashville Predators
Current Cap Hit: $68,913,333 (under the $75MM Upper Limit)
Entry-Level Contracts
F Kevin Fiala (Two years remaining, $863K)
G Juuse Saros (One year remaining, $693K)
Potential Bonuses
Fiala: $500K
Saros: $183K
Total: $683K
A team that is designed for a Stanley Cup run probably shouldn’t have too many players on entry level contracts and the Predators have just the two. Fiala is the team’s top young potential star as the former 2014 first-rounder found himself getting called up to the Predators and logged 54 games last year, scoring 11 goals. He even managed to cement himself in the starting lineup and played in five playoff games, scoring two goals, but then broke his femur and his playoffs were cut short. Nevertheless, the team is expecting a big year from the young wing and some even have him penciled in on the team’s second line. As for Saros, the 22-year-old goalie had a pretty good showing last year, playing in 21 contests (19 starts) and putting up a 2.35 GAA and a .923 save percentage. He should be able to shoulder the load as the backup and right now looks to be Nashville’s goaltender of the future.
One Year Remaining, Non-Entry-Level
D Alexei Emelin ($3MM, UFA)
F Scott Hartnell ($1MM, UFA)
F Cody McLeod ($800K, UFA)
D Yannick Weber ($650K, UFA)
D Matt Irwin ($650K, UFA)
D Anthony Bitetto ($613, UFA)
F Miikka Salomaki ($613K, RFA)
The team, already immersed in quality defenders, picked up another veteran defender in Emelin this offseason in a trade with the Vegas Golden Knights, who picked him from the Montreal Canadiens in the expansion draft. A solid veteran, Emelin, should fill in for the injured Ellis until he returns in December and then provide some veteran depth throughout the rest of the season, which should keep Nashville’s defensive corps as strong as it had always been and he will likely be allowed to move on when his contract expires next year.
Hartnell returns to Nashville after 10 years. Originally drafted in the first round by Nashville in 2000, the 35-year-old forward played six years for the Predators before being traded to Philadelphia. He has scored 314 goals, but only managed 13 in his last year in Columbus. The team hopes his presence will spark the team for another Stanley Cup run. The rest, including Weber, Irwin and McLeod
Dead Space: Bought-Out, Buried, And Retained Salaries For Every Team
It’s something that often goes unnoticed, but with the cap showing minimal growth the last few years, teams are starting to feel the crunch more than ever. Buyouts have become more common, especially with players with under three remaining years on their contracts. And it’s not just the big name busts that have seen the ax lately – we’ve seen lesser names at lesser money take the fall for their respective teams, then needing to scramble for work elsewhere in the league. Additionally, salary retention in trades has become a more utilized tactic as of late. Teams with “unmovable” contracts have offered to retain part of a poor contract in order to entice a team into giving them some relief.
All this said, some teams have been better with foresight than others. Some teams have shown a track record of being entirely unable of handing out poor contracts over the past five or so seasons. Considering many teams showed some progress in being more frugal this off-season, it seems a wise time to review the dead space every team has accumulated, either due to poor management decisions or poor luck.
Colorado Avalanche – $4.83 MM in 2017-18, issues resolved after current year – Francois Beauchemin buyout; Cody McLeod retained
Arizona Coyotes – $4.61 MM in 2017-18, issues resolved after 2020-21 – Mike Smith retained; Mike Ribeiro, Antoine Vermette buyouts
Columbus Blue Jackets – $4.025 MM in 2017-18, issues resolved after 2020-21 – Fedor Tyutin, Jared Boll, Scott Hartnell buyouts
Carolina Hurricanes – $3.71 MM in 2017-18, issues resolved after 2020-21 – Eddie Lack retained; Alexander Semin, James Wisniewski buyouts
Toronto Maple Leafs – $3.28 MM in 2017-18, issues resolved after 2021-22 – Tim Gleason, Jared Cowen buyouts; Phil Kessel retained
Nashville Predators – $2.83 MM in 2017-18, issues resolved after 2018-19 – Viktor Stalberg, Eric Nystrom, Barret Jackman buyouts
Boston Bruins – $2.73 MM in 2017-18, issues resolved 2019-20 – Dennis Seidenberg, Jimmy Hayes buyouts
New York Rangers – $2.61 MM in 2017-18, issues resolved after 2022-23 – Dan Girardi buyout
Minnesota Wild – $2.5 MM in 2017-17, issues resolved after current year – Thomas Vanek buyout
Los Angeles Kings – $2.4 MM in 2017-18, issues resolved after 2023-24 – Matt Greene buyout; Mike Richards termination/recapture
Edmonton Oilers – $2.33 MM in 2017-18, issues resolved after 2020-21 – Lauri Korpikoski, Benoit Pouliot buyouts
Anaheim Ducks – $2.21 MM in 2017-18, issues resolved after 2023-24 – Mark Fistric, Simon Despres buyouts; Patrick Maroon retained
Vancouver Canucks – $2.13 MM in 2017-18, issues resolved after 2021-22 – Roberto Luongo, Jannik Hansen retained; Chris Higgins buyout
New Jersey Devils – $2.09 MM in 2017-18, issues resolved after 2023-24 – Mike Cammalleri, Devante Smith-Pelly buyouts; Ilya Kovalchuk recapture
Tampa Bay Lightning – $1.83 MM in 2017-18, issues resolved after 2019-20 – Matt Carle buyout
Calgary Flames – $1.82 MM in 2017-18, issues resolved after 2018-19 – Mason Raymond, Lance Bouma, Ryan Murphy buyouts
Detroit Red Wings – $1.67 MM in 2017-18, issues resolved after 2020-21 – Stephen Weiss buyout
Dallas Stars – $1.5 MM in 2017-18, issues resolved after 2018-19- Antti Niemi buyout
Philadelphia Flyers – $1.5 MM in 2017-18, issues resolved after current year – R.J. Umberger buyout
Winnipeg Jets – $1.46 MM in 2017-18, issues resolved after 2018-19 – Mark Stuart buyout
Florida Panthers – $1.33 MM in 2017-18, issues resolved after 2018-19 – Jussi Jokinen buyout
Las Vegas Golden Knights – $1.1 MM in 2017-18, issues resolved after current year – Alexei Emelin retained
Ottawa Senators – $350,000 in 2017-18, issues resolved after current year – Andrew Hammond buried
Buffalo Sabres – Minimal in 2017-18, increased issues ($791,00) resolved after 2022-23 – Cody Hodgson buyout
Chicago Blackhawks, St. Louis Blues, Washington Capitals, Pittsburgh Penguins, New York Islanders, San Jose Sharks, Montreal Canadiens – No dead cap space
After compiling the list, it became clear that utilizing these options isn’t a complete hindrance to competing in the NHL. In fact, most clubs have between $1 MM and $3 MM in dead space. That said, of the teams that have not needed to utilize the buyout or retention options, there has been a great deal of success. And among the five worst offenders, the Leafs, Hurricanes, Blue Jackets, Avalanche, and Coyotes, none has moved past the first-round in multiple years. It’s hard to draw massive conclusions without taking the context of each individual situation into account, but there is something to be said for making every dollar of cap space count. Perhaps this is merely a byproduct of past success rather than an indicator of future success, but considering how amenable many managers have become to the option, it bears consideration.
(All totals courtesy of the fantastic CapFriendly.com)
Snapshots: Second Overall, Jackman, Rinne
The Philadelphia Flyers will listen to teams calling about the second-overall pick according to Dave Isaac of the Courier-Post, but don’t expect them to make any deals. After moving up in the draft lottery, the Flyers have a chance to pick an elite talent at No. 2 in Nico Hischier or Nolan Patrick and continue building towards a contender down the road.
With Travis Konecny, Ivan Provorov and others making an impact already, the Flyers look like they’ll have a real chance to surround Claude Giroux and Jakub Voracek with enough talent to compete before they start to decline. Both stars are signed long-term for over $8MM, and still have enough good years left to be around when this year’s pick makes a real impact. The top prospects have been doing interviews at the NHL Combine, and will both participate in all the fitness testing this weekend.
- Barret Jackman is back in St. Louis after the team hired him today as their new development coach. Jackman retired from the NHL last fall after 14 years, and will now take on a role coaching the young players coming through the system. The 876-game veteran played all but one NHL season in St. Louis and recorded 186 points over his career. Never much of an offensive guy, he instead offered reliable defensive structure and penalty killing, eating up minutes on the back end against tough competition. Winning the Calder trophy for Rookie of the Year in 2003, he’ll be able to relate to kids coming into the league at a young age and finding success, only to struggle through the next few seasons.
- Pekka Rinne was in the starter’s net today at practice for the Nashville Predators, according to Chris Johnston of Sportsnet. After being pulled in Game 2 and replaced by Juuse Saros, there has been much speculation whether Rinne would be given the net for Game 3 tomorrow night. It looks like for at least another game, Peter Laviolette will go with the guy who got him here and give Rinne another chance.
- Elliotte Friedman of Sportsnet reports that Newell Brown is in consideration for an assistant coaching position alongside Travis Green this season. Brown was fired by the Arizona Coyotes earlier this spring after another poor special teams effort last season. He coached with the Canucks for three seasons prior to going to the Coyotes, and was part of the staff that took Vancouver to the finals in 2011.
Week In Review: 10/3/16 – 10/9/16
It’s officially the last week of the offseason with the first games of the new regular season slated for Wednesday. Obviously roster pare downs dominated the headlines this week but there were a few other transactions of note as well as a handful of injuries that might prompt teams to see what’s available on the open market. Without further ado, here is the roundup of this week’s top hockey stories.
Key Free Agent Signings:
- Kris Russell – Edmonton (one year, $3.1MM): It’s probably not the lucrative deal Russell was looking for at the outset of free agency but the veteran shot-blocker finally did secure a contract for 2016-17. Perhaps with a solid performance for the Oil, Russell will be in better position to pursue a multi-year pact next summer.
- Tobias Rieder – Arizona (two years, $4.45MM): It looks like the Coyotes got the player at the price they wanted. It had been reported that Rieder was looking for $5MM over two years while the club was offering $4.4MM. Clearly the 23-year-old forward gave more than he got, presumably because he wanted to get back on the ice.
- Jakub Nakladal – Carolina (one year, $600K): It will be interesting to see how the 28-year-old Nakladal fits with the Hurricanes current crop of talented blue liners. Not including Nakladal, Carolina has seven NHL-caliber defensemen on the roster, only one of whom is older than 24.
Added on Waivers:
- Martin Frk – Carolina: Carolina wasn’t the only team that put a claim in on Frk but the Hurricanes were awarded the young Czech RW. He potted 27 goals for Detroit’s AHL affiliate in Grand Rapids in 2015-16 and it was mildly surprising to see the Wings risk losing him by placing him on waivers but clearly they felt the roster spot was best committed elsewhere.
Trades:
- Edmonton trades RW Nail Yakupov to St. Louis in exchange for Zach Pochiro and a conditional draft choice (a third in 2017 can become a second in 2018 if Yakupov scores 15 or more goals).
- Montreal deals Tim Bozon to Florida for D Jonathan Racine in an exchange of minor leaguers.
Injury Report:
- Jonathan Huberdeau is expected to miss 3 – 4 months with what is being called a lower-body-injury. It will be interesting to see if Panthers management looks outside the organization in an attempt to fill the void as Huberdeau was the team’s top scorer on the LW. The team does have around $10MM in cap space if they did choose to go that route.
- Nick Bjugstad will be out for four weeks due to a broken hand. The Panthers third-line pivot tallied 34 points in 67 games last season.
- Michael Del Zotto is set to miss the next 4 – 5 weeks with the dreaded lower-body-injury.
- Again with the lower-body-injury, the Flyers will also be without C Scott Laughton for three to our weeks.
- Devils defenseman Jon Merrill is out four weeks with a broken index finger.
- Penalty-killing specialist Matt Hendricks will miss significant time, once more due to a lower-body-injury. Oilers head coach Todd McLellan indicated it would be “weeks” before Hendricks would be able to return.
Retirements:
- Defenseman Barret Jackman called it quits after a solid, 14-year NHL career. Jackman was originally chosen in the first-round by St. Louis back in 1999 and played all but one season with the Blues before finishing up in Nashville. He wraps up his career with 186 points more than 1,100 penalty minutes in 876 regular season contests.
- Dan Boyle announced his retirement following 17 seasons in the NHL. Boyle, one of the league’s top offensive blue liners throughout much of his career, recorded at least 39 points eight out of nine seasons from 2002-03 through 2011-12. He would score more than 600 regular season points in nearly 1,100 NHL games. Boyle was a member of the 2003-04 Stanley Cup champion Tampa Lightning and also spent time with Florida and San Jose before wrapping up his career playing two seasons with the New York Rangers.
Barret Jackman To Retire After 14 Years In NHL
Tuesday, 1:50pm: According to Lou Kourac of NHL.com, the team will sign Jackman to a one-day contract so he can officially retire as a member of the St. Louis Blues.
Monday: Longtime St. Louis Blues defenseman Barret Jackman is set to retire after 14 seasons in the NHL.
The Blues have scheduled a press conference to announce Jackman’s departure from the game. Jackman played the first 803 games of his career with the Blues before playing 73 games with the Nashville Predators last season. The Predators bought out the final year of Jackman’s two-year, $4MM contract back on June 30. He’ll receive $666K per season for the next two years as a result of that buyout.
Jackman was a dependable stay-at-home defenseman for much of his career. He won the Calder Trophy for rookie-of-the-year in 2002-03, beating out Henrik Zetterberg and Rick Nash.
He finished with 29 goals, 186 points, 1102 PIM, and a +54 rating in 876 career regular season games. In 53 playoff games, Jackman scored twice and had 7 points, but finished with a -18 rating. His deepest playoff run was this past post-season with the Predators, when Nashville lost Game 7 of the second round to San Jose.
Tuesday’s press conference will be posted to the Blues website following the event.
Thursday Buyout Waivers: Boll, Korpikoski, Carle, Seidenberg, Greene, Jackman
Today is the last day to place players on waivers for the purposes of buying out their contract in advance of Friday’s free agency period. Here are the players that are on the waiver wire.
Jared Boll (Columbus) – The Blue Jackets announced that they will buy out the final year of his deal. The enforcer played in just 30 games last year, picking up a goal and two assists with 61 PIMS. The buyout will carry a cap charge of $567K in each of the next two seasons.
Elliotte Friedman of Sportsnet reports that Lauri Korpikoski, Matt Carle, Dennis Seidenberg, Matt Greene, and Barret Jackman are also all on buyout waivers.
Korpikoski (Edmonton) played in 71 games with the Oilers last season – his first with the team – collecting 10 goals and 12 assists. The 29 year old has 181 career points in 540 NHL games, split between the Rangers, Coyotes, and Oilers. Edmonton will carry a cap hit of $500K in 2016-17 and $1MM in 2017-18 as a result of the buyout.
Carle (Tampa Bay) is by far the biggest of the buyouts. He collected just 9 points in 64 games last year despite collecting a $5.5MM salary. He has 45 goals and 237 assists in 724 career games between San Jose, Philadelphia, and Tampa. The Lightning will be charged with a cap hit of $1.833M for the next four years.
Seidenberg (Boston) has spent the last four years with the Bruins. In 2015-16, he played in 61 games, picking up a goal and 11 helpers. In 758 games split between the Flyers, Coyotes, Hurricanes, Panthers, and Bruins, he has 224 career points. Boston will carry a cap hit of $1.167M in 2016-17, 2018-19, and 2019-20 as well as a $2.167MM cap charge in 2017-18.
Greene (Los Angeles) played in just three games with the Kings and missed the rest of the year with shoulder problems. He has played in 589 career games with Edmonton and LA, picking up 78 points and 644 PIMS. The Kings will have a cap charge of $833K for each of the next 4 years.
Update: Pierre LeBrun of TSN/ESPN reports that Greene’s waiving may not result in a buyout after all.
Jackman (Nashville) played his first season with the Preds last year after spending parts of 13 seasons with St. Louis. Last year, he had a goal and four assists in 73 games while playing a smaller role as the season progressed. In his career, he has 186 points and 1,102 PIMS in 876 games. The Predators will be charged with a cap hit of $667K for each of the next two seasons.
Players that have a no-move clause in their contracts do not have to go through the waiver process to be bought out. The deadline for those moves to happen is 4:00 PM CST.
