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Bo Horvat

Bo Horvat Reportedly “Open” To Extension With Islanders

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The New York Islanders made perhaps the biggest and most confusing splash of trade season yesterday, acquiring star sniper Bo Horvat from the Vancouver Canucks.

Critics of the trade question the Islanders’ gamble on a pending unrestricted free agent, notably with the team out of the playoff picture at the All-Star break. A contract extension between the two parties would ensure that New York’s concessions in the trade weren’t for naught.

The day after the trade, though, Pierre LeBrun reported on Tuesday’s edition of TSN’s Insider Trading that Horvat is “open” to contract extension talks with the Islanders. While not a certainty, it seems like the door is open for a long-term union between the two parties, even if New York can’t claw back into the playoff picture this season.

“[The contract talks] will commence in short order, is what I’m being told,” LeBrun said. He also noted that the Islanders would’ve been on Horvat’s list of teams to speak to had he gone to market on July 1, which is something to keep in mind as talks progress.

Only Oliver Wahlstrom is on the Islanders’ list of notable restricted free agents to lock up next offseason. His value is limited, considering his offensive inconsistency and the likelihood that he’s out of the lineup for the remainder of 2022-23 with an injury. He played just 35 games.

With that being said, the Islanders have slightly north of $16MM in cap space to play with for 2023-24, per CapFriendly. Semyon Varlamov and Scott Mayfield are also pending UFAs whose roles on the roster need to be replaced, but could likely be done for cheaper than their current combined cap hits of $6.45MM.

If the two sides can agree on an extension, the Islanders have the space to give Horvat a deal with a cap hit north of $8MM, the likely benchmark for his caliber of talent. The merits of such a contract, considering his sky-high 21.7 shooting percentage this season signals some regression ahead, can be debated.

Snapshots: Canucks, Wahlstrom, Leskinen

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No matter which side you came down on regarding the Vancouver Canucks-New York Islanders trade from last night, it was still something of a surprise. Many felt that the Islanders made a mistake by using futures in a season where they are struggling, while others believed the Canucks could have landed more for Bo Horvat. If you’re in the latter group, you probably won’t like hearing Kevin Weekes’ latest report for ESPN.

Weekes tweets that another club involved in the Horvat dealings told him the Canucks didn’t shop the offer around, seeing if anyone could beat it. Instead, they “locked in” on the package that the Islanders were putting on the table, which included Anthony Beauvillier, Aatu Raty, and a first-round pick.

  • Another thing to consider for the Islanders might have been the status of Oliver Wahlstrom, who according to David Pagnotta of the Fourth Period, may not return this season. The 22-year-old Wahlstrom doesn’t play the same position as Horvat, but was one of the team’s more offensively-driven players, and has been out since December. Wahlstrom had seven goals and 16 points in 35 games this year.
  • He’s not the only player who is out for the year. Montreal Canadiens depth defenseman Otto Leskinen has been shut down after hip surgery, ending his season after just 24 games with the Laval Rocket. With Leskinen’s one-year contract up at the end of the year, it might be back to Europe for him moving forward. The 25-year-old played six games for the Canadiens, none of them coming this season.

East Notes: Senators, Horvat, Perbix

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There’s some good news and bad news on the injury front for Ottawa.  On the positive side, TSN’s Claire Hanna relays (Twitter link) that defenseman Artem Zub is expected to be ready to return after the All-Star break.  It has been a tough year on the ice for the 27-year-old who has been limited to just 21 games this season while missing time with three separate injuries, the current one being an upper-body issue.  It hasn’t been all bad, however, as he inked a four-year, $18.4MM extension with the Senators last month.

Meanwhile, Postmedia’s Bruce Garrioch relays (Twitter link) that goaltender Cam Talbot might not be ready to return after the break.  He suffered a lower-body injury last Wednesday and it’s the second time this season that injuries have held him out of the lineup.  If the Senators are going to climb back into the playoff race, they’ll need him healthy while if they’re going to try to move him by the March 3rd trade deadline, he’ll need to get back and show potential suitors that he’s ready to go.

Elsewhere in the East:

  • Speaking with reporters including Harman Dayal of The Athletic (Twitter link) following today’s trade, Islanders center Bo Horvat indicated that there weren’t any discussions regarding a possible extension before the move was made. The 27-year-old is set to earn a significant raise on his current $5.5MM AAV and is well on his way to a career year as he already has 31 goals and 23 assists so far this season.  New York has a little over $67MM in commitments next season per CapFriendly and a new deal for Horvat would take up more than half of the space of what’s projected to be an $83.5MM cap for 2023-24.
  • Nick Perbix’s time in the minors was short-lived as the Lightning recalled him today, per the AHL’s transactions log. The defenseman was sent down yesterday when Rudolfs Balcers came off LTIR following the conclusion of his conditioning stint; Perbix had to go down to keep them cap-compliant.  Now that Balcers is off the roster (he was sent down after clearing waivers), the 24-year-old could be brought back.  Tampa Bay could have kept him down through the All-Star break if they wanted but there wouldn’t have been a cap benefit to do so as they’re still in LTIR where cap room can’t be banked.

New York Islanders Acquire Bo Horvat

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The New York Islanders have acquired center Bo Horvat from the Vancouver Canucks in exchange for forwards Anthony Beauvillier, Aatu Raty, and a lottery-protected 2023 first-round pick. The trade was announced officially by both teams Monday afternoon.  Stephen Whyno of the Associated Press notes that Vancouver is retaining 25% of Horvat’s $5.5MM AAV as part of the deal.

New York will retain their 2023 first-round pick if it’s among the top 12 selections, reports Sportsnet’s Elliotte Friedman. Assumedly, if the pick does land in the top 12, the Islanders would send Vancouver their 2024 first-round selection.

The trade call ends months of speculation about a Horvat trade, which really began as soon as the Canucks fell flat out of the gate to start the season. With the team’s poor defense and goaltending rendering them entirely out of the playoff picture, Horvat’s status as a pending unrestricted free agent made him a spectacular trade candidate.

Vancouver’s now-former captain had always been perceived as a strong top-six center with good two-way skills and was especially appreciated for his strong marks in the faceoff circle (56.6% over the past two seasons). Horvat’s goal-scoring exploded this season, though, and his 31 goals rank eighth in the NHL.

Those 31 goals and Horvat’s 54 points instantly make him the Islanders’ leader in both categories this season. If utilized on a line with Mathew Barzal, whose main weakness is faceoffs (just 35.9% this season), the Islanders suddenly have one of the most potent playmaking/scoring duos in the league now.

Some may argue, and they’d be valid to do so, that the value in this trade swings the way of the Islanders and general manager Lou Lamoriello. At first glance, the price doesn’t seem quite as astronomically high as previously rumored.

Yet there’s no report of an extension for Horvat, and with Lamoriello’s low success rate of signing unrestricted free agents, there’s no guarantee Horvat is more than a rental. The team’s roster isn’t terribly well set up with Horvat, either. There’s certainly a scenario 18 months from now where the Islanders end up with no Horvat, no top prospect in Raty, and without a high-end pick in the 2024 draft.

With the Islanders still out of a playoff spot and a month before the Trade Deadline, Horvat may not even finish the season on Long Island. If the team fails to gain much ground in the playoff race or in extension talks with Horvat, he could be flipped to a contending team at the deadline if the Islanders can garner a similar (or better) return on the trade market.

While Vancouver won’t be adding to their Connor Bedard odds as the pick is top-12 protected, they still get a second dip from a 2023 first round stocked with talented prospects. Add in Raty, who’s looking much more like the first-round talent he was expected to be after falling to 52nd overall in the 2021 draft, and Vancouver’s future outlook suddenly looks much brighter.

The Canucks also gain a solid top-nine winger in Beauvillier, although his $4.15MM cap hit through 2024 is a tad steep. He’s still a solid bet to net between 30 and 40 points per season and could be solid trade bait for the Canucks at next year’s trade deadline as well. The 25-year-old has nine goals and 20 points in 49 games this year.

Photo courtesy of USA Today Sports Images

Latest On Bo Horvat

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The Vancouver Canucks have an anchor around their necks. The team has lost eight of ten, appear to be on the brink of a coaching change, and seems to be ready to move on from captain Bo Horvat. President Jim Rutherford recently explained that the team’s best offer didn’t line up with Horvat’s performance this season, suggesting an extension wasn’t going to be possible.

One other notable thing about Rutherford is that he often likes to make his big midseason moves well ahead of the trade deadline. He’s often been the first to act in an arms race, and now the spotlight is on him as a seller. On the latest 32 Thoughts podcast, Elliotte Friedman of Sportsnet discussed which teams he has heard most connected to Horvat:

I think Seattle’s in it. I think Minnesota’s been around it, but can only do him as a rental. I think Boston’s been around it, but it is not easy for them to do. 

The Carolina Hurricanes have also been linked to the Horvat sweepstakes, especially since Max Pacioretty’s injury last night. Friedman noted several times that the Hurricanes “don’t do rentals,” suggesting that a deal like that would need to come with an extension.

That is perhaps the most interesting part of the Horvat situation. Sometimes, players on expiring contracts are looking forward to testing the full open market. It doesn’t matter where they are or where they end up, the process of free agency is something they want to experience. From the outside, that doesn’t seem to be the case with Horvat’s negotiations in Vancouver. From all reports, he has been working in good faith with the desire to stay long-term with the Canucks – the two sides just can’t find a common ground.

If he is dealt, especially if it is soon, an acquiring team would have a little while to convince him to stay. Friedman reports that as of the podcast taping (Thursday night), no teams have been given permission to talk with Horvat’s representatives on an extension.

There are probably a dozen teams in the league that could use the 27-year-old for a serious playoff run, especially as he works his way through a career year. Already to 30 goals, his assists have also recently started to rack up, giving Horvat 49 points in 44 games. Positional versatility, goal scoring, leadership – all things that teams value greatly this time of year (anytime, really). A Horvat move could legitimately change the makeup of a team’s top-six for years to come, or offer a difference-making third-line pivot for a Stanley Cup run.

Evening Notes: Canucks, O’Brien, Broberg, Barkov, MacEwen

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When looking back on previous NHL seasons, each seems to have one or two stories that, even if it wasn’t the most memorable part of that season, dominated the headlines. Last season, that story seemed to be the availability of Jakob Chychrun, which has carried into this season, and the year before was COVID absences and protocols, which carried into last season too. This season’s headlines, besides Chychrun, seem to be dominated by the Vancouver Canucks: their struggles, their work on extensions, and now, the availability of their players in trades.

Earlier this evening on Hockey Night in Canada’s 32 Thoughts segment, Sportsnet’s Elliotte Friedman continued that discussion. Friedman clarified the Canucks’ position, who apparently have just one untouchable player: Elias Pettersson. That one might feel obvious, but immediately begs another question: what about Quinn Hughes? As Friedman reports, while Hughes isn’t an untouchable, it would take “an absolutely mammoth offer” to pry the defenseman away from the Canucks. Despite having just the one untouchable, Friedman adds that the team isn’t interested in a rebuild or complete teardown, but instead is looking to change their mix and breath new life into the team. Finally from Friedman, it appears Vancouver isn’t willing to give Bo Horvat more than the $56MM J.T. Miller was extended for, however Horvat’s career-year has now put him over that number.

  • Arizona Coyotes forward Liam O’Brien is out week-to-week with an upper-body injury suffered last night against the New York Islanders, the team announced. The forward played just 9:41 last night in the win over the Islanders, lower than his 12:01 average this season. Not shy from fighting, it is notable that O’Brien did have a fight in the third period against Islanders’ defenseman Scott Mayfield, who’s experienced in that regard too.
  • Edmonton Oilers defenseman Philip Broberg, who was scratched for today’s loss to the Anaheim Ducks, missed the game with an injury he suffered yesterday, head coach Jay Woodcroft confirmed postgame, via The Athletic’s Daniel Nugent-Bowman. Given Broberg’s play in 11 games this season, a healthy scratch wouldn’t be confusing, but certainly wasn’t deserved either, so news of an injury does make sense. It also further explains the decision to recall fellow defenseman Markus Niemelainen yesterday. Woodcroft did not elaborate further on the details or severity of Broberg’s injury.
  • Florida Panthers captain Aleksander Barkov was forced to leave tonight’s game against the New Jersey Devils early with a lower-body injury, the team announced. Barkov appeared to be experiencing some discomfort after taking a faceoff earlier in the game. The center has played the last five games after missing two weeks with a bout of pneumonia. The extent of Barkov’s injury is unclear at this point.
  • Philadelphia Flyers forward Zack MacEwen missed this evening’s game against the New York Rangers with an illness, reports The Athletic’s Charlie O’Connor. Of course, no forced absence is a good thing, however one would expect an injury to carry a shorter timeframe, which would be preferable to getting MacEwen back into the lineup. MacEwen has just eight points in 28 games this season, but with Philadelphia showing value in grit this year, the forward’s 38 penalty minutes are much appreciated.

Latest On Bo Horvat

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Dec 13: With speculation running wild, Horvat has (very unusually) released a statement through the club:

I am focused on this season and playing for the Vancouver Canucks, helping the team in any way I can. I will not have any further comments this year about my future.

Dec 12: While there’s been near-weekly reports about the Vancouver Canucks and Bo Horvat growing further apart in extension negotiations, it seems today’s update might be the nail in the coffin for Horvat’s future in British Columbia. TSN’s Pierre LeBrun added to a report from CHEK’s Rick Dhaliwal that Horvat rejected an offer from the Canucks “a couple of weeks ago,” saying the team is now entirely focused on Horvat’s trade market between now and the March 3 deadline.

Speculation will now be entirely focused on potential destinations and, more so for Canucks fans, possible return packages.

It’s a foregone conclusion that the Canucks would ask for a high-end defense prospect as the centerpiece of any Horvat trade. The 2023 NHL Draft, while stacked, is weak with defensemen, especially near the top. For the team’s most significant area of need, trading for an already-drafted defenseman will likely spark the team’s pool of young players.

Trading for Ethan Bear helped in the short-term for Vancouver, who was bleeding goals against early in the season. But it doesn’t solve the issue that Jack Rathbone, a 95th overall pick, remains the organization’s top prospect on defense.

When you think of contenders looking to add at center at the deadline, you think of the Colorado Avalanche. It does make sense that they would have an interest in Horvat when the time comes, but whether there’s a trade fit there is less certain. Considering Bowen Byram is likely untouchable, the organization doesn’t have any under-23 defensemen that would move the needle for Vancouver.

There is, however, Samuel Girard. If Vancouver remains insistent on making moves like a team with playoff aspirations, that acquisition could make some sense. He’s off to yet another disappointing start this season though, with just five points in 20 games. While it looked like a sure bet two years ago that Girard would develop into a high-end top-four defenseman, doubts are beginning to grow.

For now, it’s wait-and-see time for the Canucks. Horvat’s value is at its peak with his goal-scoring through the roof, leading to what could be a franchise-altering deadline deal.

Latest On Bo Horvat

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With every day that passes, it seems a new report emerges about the lack of progress in Bo Horvat extension talks. Today, Elliotte Friedman of Sportsnet writes that “it’s not trending well.” Horvat is scheduled to be an unrestricted free agent at the end of this season.

Of course, some of the same things were said this summer about the Vancouver Canucks and J.T. Miller, before the two sides eventually agreed on a seven-year, $56MM extension that includes a full-no-movement clause through 2026-27. Most insiders at the time had expected the Canucks to trade Miller instead of extending him, something that obviously didn’t happen as the veteran forward instead cashed in with a deal that includes $8.5MM in signing bonuses the first year.

So, until he actually hits the open market or is traded, things could change with regard to Horvat. But it is Miller’s contract that might end up forcing the Canucks to move on. The team is not good enough to contend for the Stanley Cup right now, despite a pair of crazy victories in recent days, and also has several expensive, underperforming contracts on the books.

Miller is still scoring at a good clip but has been anything but consistent this year, and Oliver Ekman-Larsson’s deal looks like one of the worst in the league as he plays through his age-31 season. The veteran defenseman will carry a $7.26MM cap hit for another four more years (and that’s not counting the portion the Arizona Coyotes are retaining).

Signing Horvat, then, would just add more money onto the pile without actually improving the Canucks roster. There’s no doubt that the 27-year-old center will be commanding more than his current $5.4MM cap hit in a new deal, especially after scoring 20 goals in his first 20 games this year. Goal-scoring centers are some of the highest-paid commodities in the league, as seen by Miller’s massive extension after a career-best 32 goals in 2021-22.

It should be noted that Horvat does not have trade protection in his current deal, meaning the Canucks could auction him off if necessary. Friedman notes that Canucks president Jim Rutherford will likely wait until February to try and squeeze the most value out of any deal, and suggests Luke Schenn as another chip he could cash in.

West Notes: Horvat, Meier, Kane

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During a difficult start to their season, one of the few bright spots on the Vancouver Canucks’ roster has been the play of captain Bo Horvat. Horvat currently ranks second in the NHL with 15 goals, and has 21 points in 19 games. But while his hot start is good news for Horvat and Canucks fans, it may be giving Vancouver’s management team some headaches. That’s because Horvat is a pending unrestricted free agent, and the better he plays, the larger the contract he’ll be able to receive this summer gets. And while they are undoubtedly thrilled from an on-ice perspective that Horvat is playing well, his hot start may complicate his future in Vancouver. As team president Jim Rutherford has said that the Canucks’ priority will be gaining long-term financial flexibility, not losing it, many have wondered if Horvat is pricing himself out of Vancouver’s long-term plans.

Daily Faceoff’s Frank Seravalli reports that communication between Horvat’s representation and the Canucks have been “scarce,” and that there is a belief that contract talks between the two parties “broke off before training camp and have not resumed.” Since the going rate for productive top-six centermen is $7MM per year at the absolute minimum (with upwards of $8MM being the more realistic number) it’s fair to wonder if the Canucks have the desire to extend Horvat rather than deal him to a contender for a major compensation package.

For some other notes regarding Western Conference players:

  • San Jose Sharks forward Timo Meier isn’t a pending unrestricted free agent, but his expensive qualifying offer (he’s making $10MM this season on just a $6MM cap hit) and the current state of the Sharks (7-11-3, 25th in the NHL) leads one to believe that his time in San Jose could be coming to an end. Seravalli writes that it’s “unlikely” that the Sharks commit to a long-term pact with Meier, meaning a trade could be the most likely outcome for his future in teal. According to Seravalli, Meier’s “starting value on the [trade] market is considerably less than the Alex DeBrincat deal last summer,” the deal that netted the Blackhawks three draft picks, including the seventh-overall selection.
  • Legendary forward Patrick Kane could be the most sought-after name on this spring’s trade market, and it appears that the process of working towards trading him is set to begin soon. Per Seravalli, the Chicago Blackhawks are expected to “begin an initial conversation with Kane to gauge his interest in a trade.” Kane has full no-move protection, meaning he controls much of this trade process. Kane has been a Blackhawk for his entire career, so it’s certainly possible that being traded isn’t something he’ll allow. But if he wants to chase another Stanley Cup, remaining a Blackhawk won’t get him there.

Evening Notes: Horvat, Senators Sale, Samsonov

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It was not long ago that, with as many question marks as there were around the Vancouver Canucks, the obvious answer was an extension for team captain Bo Horvat. Whether or not players like J.T. Miller or Brock Boeser were or were not traded or if head coach Bruce Boudreau would be brought back for this season, a Horvat extension always seemed to be a given. Now, after extensions for Miller and Boeser, the free agent signing of Ilya Mikheyev, and the Canucks’ rocky start to the season, with no extension in place for the captain, things appear more uncertain than they’ve ever been for Horvat and Vancouver.

On tonight’s 32 Thoughts segment of Hockey Night In Canada, Sportsnet’s Jeff Marek reiterated the story on Horvat: the needle has not moved at all in negotiations. Marek further emphasized the curiosity as to what the organization will ultimately do with Horvat. On one hand, the reunion between both sides appears to be a perfect match and as much as the Canucks have struggled to start the season, Horvat with his 10 goals in 11 games, has not. Still, the more the veteran continues to score, the higher he drives his price. With Miller and Boeser now in place, if the price becomes higher than Vancouver wishes to pay, or simply can pay, the decision might be made for them. And, should Vancouver struggle or fail to make up the ground they lost, Horvat’s trade value may be enough to dissuade them from pursuing an extension in the first place.

  • Yesterday, the Ottawa Senators formally initiated the process of being sold, just over seven months after the passing of owner Eugene Melnyk. Though that time might seem a bit longer than expected to some, the Melnyk family was able to oversee a team transition this offseason to lock in some of the organization’s young core talent, become one of the league’s more exciting groups, and of course, grieve Melnyk’s passing. Although the timeline to date has been unclear, the sale process might be a bit more clear, and quick. Also from tonight’s 32 Thoughts, Sportsnet’s Elliotte Friedman expects the process to get seriously moving by American Thanksgiving, which is now 19 days away. No clear front runner(s) for the team have emerged yet, though Postmedia’s Bruce Garrioch reports that the league would prefer one majority owner over a group of minority shareholders. Even with the Thanksgiving timetable mentioned, when exactly a new owner would be in place with all formalities and transition of power completed, is unclear.
  • More tough news for the Toronto Maple Leafs in net as goaltender Ilya Samsonov, who started tonight’s game against the Boston Bruins, was forced to leave after the second period. The Maple Leafs confirmed their goaltender would not return while dealing with a knee injury. According to head coach Sheldon Keefe, who discussed the injury with reporters, including Joshua Clipperton of The Canadien Press, was suffered during Brad Marchand’s penalty shot. The extent of the injury or any time he could miss is not yet clear, however Toronto is already working around the loss of Matt Murray in net, who is on LTIR with an abductor injury. Murray was scheduled to miss four weeks with that injury and is currently through three, however a scheduled return is not yet known. Erik Kallgren, who has been acting as the Maple Leafs backup goaltender, is certainly a capable NHL netminder, however the only other goaltender Toronto has under contract is Dennis Hildeby, a 2022 draft pick currently on loan in his native Sweden. Interestingly, the Maple Leafs had been pressed against the 50 contract limit–until today. With forward Nicolas Aube-Kubel lost on waivers to the Washington Capitals this afternoon, Toronto now has just 49 of 50 contracts in their system, enough to add one more player. Should they need to do so, they’ll have to act quick and be creative, with puck drop in Carolina scheduled for 5:00 pm ET tomorrow afternoon.

 

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