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Steve Yzerman Explains Ben Bishop Trade

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Yesterday a shockwave went through the NHL world when the Tampa Bay Lightning decided to trade pending free agent netminder Ben Bishop to the Los Angeles Kings. Almost no one understood it at the time, as the Kings had just gotten Jonathan Quick back from injured reserve and looked set in net. Lightning GM Steve Yzerman met with the media today and explained a few things about the trade and where his franchise goes from here (video link via TSN).

I did talk to a team in the league about [Bishop] prior to the draft last year, but for whatever reason that didn’t come to fruition.

The biggest reason to make the move now, ultimately is that we’re concerned with the salary cap for next year. With what we have in some performance bonuses for our younger players we felt we’re going to be squeezed next year with the cap. We felt the need to do this right now to give ourselves as much cap space [as possible] for next year.

It’s true, the Lightning do have bonuses that will kick in this season and should they not have the cap room to pay them, would be penalized next season. By trading Bishop they have opened up a good amount in order to not have any carry over to next year, when they’ll have to re-sign Jonathan Drouin, Ondrej Palat and Tyler Johnson among others.

While it had been speculated that as many as five teams could have had interest in Bishop to help them down the stretch and into the playoffs, Yzerman relates that the appetite wasn’t quite so ravenous around the league.

When I decided to get the deal done yesterday, that was the deal that made the most sense and to be honest with you was the only option I had. My options were to make this deal with LA or to sit tight and go through with the season.

If that’s true and there was no interest from anywhere else in the league, then Yzerman did well to clear the cap space and at least receive a prospect in the form of Erik Cernak. While Bishop would have undoubtedly helped the Lightning in their playoff push—one that he assures is still the goal of the team this season—the cost of the bonus penalties on the squad going forward would have been far greater than his impact. In getting Budaj in return, he at least addressed the issue of insurance for a Andrei Vasilevskiy injury should the team make it to the post-season.

Yzerman also spoke about Steven Stamkos and his potential return this year. Stamkos has been out November 15th and has recently begun skating again on his own. Yzerman admits that it’s not a guarantee, but that he’s progressing well. A healthy Stamkos would definitely give the team a boost as they sit just six points out of a playoff spot in the Eastern Conference.

Lightning Trade Ben Bishop To Kings

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Superstar goalie and impending free agent Ben Bishop has been traded by the Tampa Lightning to the Los Angeles Kings. TSN’s Bob McKenzie was the first to break the news. The return for Tampa is confirmed to be 2016-17 surprise Peter Budaj, 2015 second-round defenseman Erik Cernak, a 2017 seventh-round pick, and another conditional 2017 pick. Details of the conditional pick are complicated, but in essence there is no pick if the Kings miss the playoffs and can go as high as a second-rounder depending on L.A.’s postseason success and Bishop’s play.

If this trade confuses you, you’re not alone, as it is officially the biggest surprise of the 2017 NHL Trade Deadline to date and will be tough to beat. The Kings just got back starter Jonathan Quick last night, after he had missed all but one game this season with injury. This is the same Quick that led the team to Stanley Cup championships in 2012 and 2014 and has a career 2.26 goals against average, a Conn Smythe, a Jennings, and an All-Star appearance. In his return, Quick allowed just  one goal on 33 shots against the rival Anaheim Ducks and looked like he was fully healthy and ready to lead the Kings back into a playoff spot. So is Bishop an insurance policy for the stretch run? It’s possible. Bishop is an impending unrestricted free agent at the end of the season and would be, without question, the top goaltender on the open market. As far as deadline deals go, the Kings did not give up that much either. As good as Budaj has been, the 34-year-old was not in L.A.’s long-term plans. Cernak is a solid defensive prospect, playing for the OHL’s Erie Otters, who has a smart, responsible defensive style, but Cernak also lacks much offensive punch and was the King’s third or fourth-best defensive prospect at best.

The truly strange situation is that the Kings are currently fifth in the Pacific Division and sitting outside of a playoff spot and if they are going to get in, need scoring and not better goaltending. Budaj has been stellar and Quick is finally healthy. So why give up anything for Bishop when you may not even make the playoffs. It seems like Los Angeles could possibly have future plans for Bishop then. So does that mean Quick is on the trade block? Bishop’s career numbers are slightly superior to Quick’s, but Quick is the established goalie in Los Angeles and is signed long-term with a decent $5.8MM cap hit until 2022-23. Bishop would more than likely command a greater salary than that on the open market. So what’s the next move for GM Dean Lombardi and the L.A. Kings.

Meanwhile, the Lightning have received a solid backup to Andrei Vasilevskiy for the remainder of the season and possibly beyond, a young defenseman (which they are in need of), and some picks for a player they were willing to let walk in free agency. While many will debate this trade from the Kings side for the next month plus, GM Steve Yzerman can rest easy that he got something for nothing at this deadline in a time where Tampa Bay needs any good news they can get.

Latest From Garrioch: Hanzal, Bishop, Shattenkirk, Defensemen

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There remain five or six teams in the hunt for Arizona center Martin Hanzal, reports Bruce Garrioch of the Ottawa Sun.  Among the teams that are still interested are Minnesota, Montreal, Nashville, Ottawa, and San Jose.  Because there are still this many suitors for him, GM John Chayka’s asking price remains quite high with a package that still includes a first round pick, a prospect, and potentially a third piece as well.  Unless someone blinks in the next day or two, this situation could be one that goes right down to the wire.

As always, Garrioch has plenty of other tidbits for trade talk around the league.  The full column is worth a look but here are a few other highlights:

  • Although Tampa Bay goalie Ben Bishop is believed to be in play, several league executives believe he won’t be dealt by the deadline as they would prefer to just go after him in the summer in free agency and not have to give up any assets that way. Something that will also likely present a challenge is his $5.95MM cap hit which is something that many teams aren’t able to absorb in its entirety.  If the Lightning have to retain to get a deal done, they could conceivably hold on to him and hope for a late season run; Tampa Bay is six points out of the last Wild Card spot with a game in hand on Boston.
  • A pair of top teams in the East have expressed an interest in St. Louis blueliner Kevin Shattenkirk as the Penguins and Capitals have both held talks with Blues GM Doug Armstrong. It’s not likely that either team would view him as more than a rental player but given the report earlier this week that three teams have had deals fall through after being unable to come to terms on a contract extension, it’s looking more and more likely that Shattenkirk will be moved as a rental.  He’ll be a big help offensively wherever he goes as he sits fourth in the league in points by a defenseman.
  • Still on the blueline, the Sabres have moved into sell mode despite also being six points out of the final playoff spot. As a result, a pair of blueliners are likely to garner considerable interest in Dmitry Kulikov and Cody Franson.  There’s also a belief that Dallas defender Johnny Oduya, who is slated to return to the lineup, could wind up going back to Chicago although Garrioch notes that Montreal could also be a possibility.  Canadiens GM Marc Bergevin is quite familiar with Oduya from his days with the Blackhawks and the team continues to look for defensive help.

Ben Bishop Has A Limited No-Trade Clause In His Current Contract

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During the blitz of this morning’s Ron Hainsey deal that saw the defenseman move to the Pittsburgh Penguins, CapFriendly tweeted out a bombshell about pending UFA Ben Bishop. Bishop has been long thought of to be on the move at the deadline if the Tampa Bay Lightning feel they’re out of the playoff race, but it may be harder for Steve Yzerman and company to do that than previously believed. According to the site, Bishop actually has an eight-team list that he cannot be traded to. While there isn’t any clarification on which teams those may be, it definitely makes it harder to trade him. Ben Bishop

The goalie market is more robust than year’s past because of the sheer number of teams that are still in the mix for the postseason, but if that list contains some specific teams it could completely tie the Lightning’s hands at the deadline.

New York (Islanders), Calgary, St. Louis, Philadelphia and Winnipeg could all have various interest in the goaltender, depending on how the next week shakes out for them and their own confidence in their current situation. His recent play has looked more like the Vezina-quality netminder than the one we saw earlier this season, including a shutout of the Los Angeles Kings earlier this month. The Lightning, who are making a case for their own playoff spot, may choose they are better off with him but risk losing him for nothing this summer.

The 30-year old netminder ranked fifth among our Top Midseason UFAs, and he is destined to be sought after this summer by multiple teams looking for a change in goal. All this NTC does is make it even tougher for the Bolts to move him, should any of the above teams fall on his list. He could, however choose to waive the clause to go after a Stanley Cup somewhere else if the Lightning fall out of it—with just two games before the deadline, it could very well hinge on Monday night’s tilt against the Ottawa Senators to decide which way the team goes at the deadline.

Atlantic Notes: Miller, Bishop, Bruins

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The Red Wings are in sell mode before next week’s trade deadline and one of the players hoping to be moved is left winger Drew Miller, reports MLive’s Peter J. Wallner.  The 33 year old cleared waivers last month and is presently playing with their AHL affiliate in Grand Rapids.  That hasn’t stopped Miller from hoping that a team will want him as veteran depth for the postseason, something he notes the team is trying to find:

“That’s what they’ve been trying to do is just wait to see what teams may be looking to add and have a good fit. No one’s really making a move yet, but I would think that will change as we get closer. Hopefully, I get traded. I want to be in the NHL – everyone wants to be there – so we’ll see how it goes.”

Miller carries a cap hit of $1.025MM this season and will become an unrestricted free agent in July.  If a team were to acquire him and keep him in the minors, they would still be charged a pro-rated $75K on the cap.

Elsewhere in the Atlantic Division:

  • As is often the case when it comes to teams in the middle of the pack with notable pending free agents, the Lightning find themselves in a dilemma with goalie Ben Bishop, writes Joe Smith of the Tampa Bay Times. On the one hand, Bishop has won five straight starts and Tampa Bay is only four points out of a playoff spot.  On the other, the extension they gave to Andrei Vasilevskiy all but sealed Bishop’s fate that he won’t be back next season so if there is interest elsewhere, this is their chance to get something for him rather than lose him for nothing.  While there are a lot of goalies believed to be available, a lot of them have term left on their contracts which could make Bishop a bit more appealing to other teams who are just looking for a short-term improvement.
  • Although the Bruins were active in the rental market last season by bringing in right winger Lee Stempniak and defenseman John-Michael Liles, GM Don Sweeney suggested to CSN New England’s Joe Haggerty that they’re unlikely to go that route again. Instead, they plan to stick to a longer-term view and look to add players who may be able to contribute beyond this season and aren’t keen on moving any draft picks.  Boston has played themselves back into the thick of the playoff hunt and the team has more than enough cap space to make some additions if they can find the right trade but Haggerty argues that the more prudent approach would be to stand pat now and make those deals in the offseason.

Lightning Notes: Deadline, Playoffs, Stamkos

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Joe Smith of the Tampa Bay Times caught up with Lightning GM Steve Yzerman for his latest column and discussed things from expiring contracts to injured players. When broaching the subject of the trade deadline and the possibility of moving upcoming free agents like Ben Bishop and Brian Boyle, Yzerman wasn’t willing to give up on his squad.

We’re competing for a playoff spot so if I’m going to move people.. I’m not just giving people away here. If it makes sense, I’ll do it. If it doesn’t make sense, I’m not. It’s not a firesale.

That’s a common opinion among GMs across the league, who are finding the deadline this year extremely difficult. The looming expansion draft is changing the way teams operate this year, and as Yzerman notes “protection issues, that is a factor in acquiring and trading players.” Indeed, adding a player who might have to be left exposed is just another complication to a deadline that has become more and more difficult since the salary cap debuted.

  • The other thing to note about the Tampa Bay deadline is that playoff spot that Yzerman mentions. Even though the team is just two games over .500 and four points out of last place in the entire Eastern Conference, he’s right when he says they’re still in a playoff race. The Atlantic division in particular is still wide open, with only 12 points separating first and last place. The Lightning find themselves just five points out of the final wildcard spot, and six out of third in the Atlantic.
  • Yzerman is still operating as if Steven Stamkos and Ryan Callahan will return at some point this season, which would greatly affect their salary cap situation. If the two can get back though, they’ll be a bigger addition than any trade deadline acquisition. Stamkos has reportedly begun some light skating, and is still on his 4-6 month timeline—that leaves much speculation though, as four months would be mid-March and six would be the end of the playoffs.
  • Even if a firesale isn’t happening, the Lightning will have some tough decisions up front. As we’ve detailed before, they have an expansion draft crunch and a salary situation that will make for a tough summer. With Tyler Johnson, Ondrej Palat and Jonathan Drouin all needing new deals, it looks like at least one of their forwards will need to be shipped out. Alex Killorn looks like a natural possibility, but it may have to be the diminutive Johnson depending on the offers that come in.

Deadline Primer: St. Louis Blues

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With the trade deadline now just weeks away, we’re going to start taking a closer look at each team.  Where do they stand, what do they need to do, and what assets do they have to fill those needs?

After earning a berth in the 2015-16 Western Conference Final, the St. Louis Blues were again expected to be among the top teams in the conference and to perhaps make it as far as the Stanley Cup Final. Unfortunately the Blues have underachieved on the season, ultimatley leading management to dismiss veteran bench boss Ken Hitchcock. More changes could be on the horizon as the team currently finds itself fighting for their playoff lives.

Record

27-22-5, 54 points, fourth in Central Division

Deadline Status

Buyer and perhaps seller

Draft Picks

2017: STL 1st, STL 2nd, STL 4th, BUF 5th, STL 6th, STL 7th

2018: STL 1st, STL 2nd, STL 3rd, CGY 3rd*, STL 4th, STL 5th, STL 6th, STL 7th

*Pick is conditional on whether Brian Elliot re-signs with Calgary

Trade Chips

It would be understandable if Blues GM Doug Armstrong doesn’t view this year’s edition of the team as a viable Stanley Cup contender and was therefore reluctant to part with either prospect or draft pick capital for rental players at the deadline. St. Louis boasts a shallow prospect pool after years of earning draft selections outside of the top-10. The team does possess their own first and second-round picks in each of the next two seasons and perhaps in the right deal they would be willing to include those assets but it would have to be a trade the brought back a young, controllable top-six forward.

Kevin Shattenkirk might represent both the team’s most valuable asset as well as the one most likely to be dealt. Stung by losing veterans David Backes and Troy Brouwer for nothing as free agents last summer, Armstrong might be motivated to cash in the puck-moving defenseman in order to avoid a similar fate in July. As a skilled, right-shot defenseman, Shattenkirk is a tremendously valuable commodity on the open market, especially if he agrees to an extension with an interested club prior to the deal being made, and could return multiple pieces to improve the team moving forward.

Team Needs

  1. A Starting Goaltender – The Blues took a risk in the offseason by splitting up the effective netminding duo of Brian Elliot and Jake Allen, moving the former to Calgary at the draft in exchange for picks. Allen was viewed as the goalie of the future but has struggled to stop the puck with any consistency this season. His backup, Carter Hutton, simply isn’t a starting-caliber backstop in this league. If the Blues decide to go for it this year, it would behoove them to look at the starting goalie market where one of Marc-Andre Fleury or Ben Bishop would easily solve their need.
  2. A Top-Line Center – Paul Stastny is a nice, #2 pivot but he’s miscast in St. Louis as their top option due to the absence of any other competent scoring line options. Patrik Berglund (20 points in 54 games) and Jori Lehtera (16 points in 49 games) simply haven’t gotten the job done. The team chose to let Backes go in free agency and it’s looking more and more like a mistake that they didn’t either bite the bullet and re-sign him or replace him in the offseason. If the Blues could find a top-line center under long-term control, they’d have to take a look at it.

 

PHR Originals: 01/30/2017 – 02/05/2017

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As we get closer to the NHL trade deadline, PHR has been pumping out the original pieces. Here is a look at the past week:

Peter Budaj And The Comeback Kids

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Peter Budaj was done. Finished. Washed-up. On his way out. Lost at sea.

Then, suddenly he wasn’t.

When Jonathan Quick and Jeff Zatkoff both sustained injuries within the first two weeks of the season, many believed the Kings would panic and overpay for a replacement netminder. Ben Bishop, Jimmy Howard, Marc-Andre Fleury were all names that were expected to be linked to the west-coast royalty, but nothing materialized. The team immediately said that they weren’t going to overpay for a goaltender when they weren’t sure how long Quick would be out, and believed their team was good enough to hold down a playoff spot until his return. What they didn’t expect, was that they would get all-star level goaltending from a guy who had never given it before, and who was rapidly approaching the back half of his thirties.

Peter Budaj made his first start for the Los Angels Kings this season on October 20th, and allowed three goals on 20 shots. Here we go, thought Kings’ fans who expected an .850 save percentage was about all they would get from a 34-year old journeyman. After all, Budaj had played in just one NHL game the last two seasons, and had a career .903 save percentage. Their season was lost unless they went out and got another goaltender, but how could they afford it?

And then, magic. Budaj would find another gear and lead the Kings to a 24-14-3 record while recording a .923 save percentage. His seven shutouts lead the league (ahead of some household names in Braden Holtby, Devan Dubnyk and Tuukka Rask) and he’s recorded a goals against average 0.7 less than his career average. In short, he’s been great.

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Ben Bishop Indicates He’s Open To A Trade

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Between losing playing time to Andrei Vasilevskiy, the Lighting struggling, and being in the final year of a contract, Tampa Bay Lightning goaltender Ben Bishop has indicated he may be open to a trade should he be approached by general manager Steve Yzerman.

The catalyst would be more playing time, but according to Bishop, he’s not actively looking to leave the Lightning. For the veteran goalie, it’s about having an opportunity to play regularly. Yzerman is open to doing whatever is best for the team, as evidenced by his comments on the “Lightning Morning Skate Show.” Yzerman had this to say:

“If I could do something that helped our team make a trade that identified a need for us — not just for this year, but going forward — I would do that, and haven’t been able to do that to this point, and that’s been going on, really, since the [NHL Draft] last year.”

It’s an interesting turn in events, since Bishop was already a target to be traded before the season even began. But Bishop struggled out of the gate, and the Lightning are not quite the team everyone expected them to be. Flailing at the bottom of the Eastern Conference, the Lightning may be more of sellers with the future in mind instead of peddling Bishop away for more depth in anticipation of a long playoff run. Affording Bishop the chance to have more playing time elsewhere certainly makes him more open to a trade, since Bishop has a limited no trade clause.

What could Bishop fetch should a trade commence? Our very own Mike Furlano had a detailed write up earlier this week. It appears, between the Bolts and Bishop agreeing that a trade could be good for everyone, that something could happen sooner rather than later.

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