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Brayden Point

Tampa Bay Lightning Sign Brayden Point

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The Tampa Bay Lightning have signed restricted free agent Brayden Point to a three-year contract, ending the long negotiation in time for him to get on the ice before the season begins. Point’s new contract will carry an average annual value of $6.75MM. GM Julien BriseBois explained his excitement for the deal:

We are very pleased to re-sign Brayden today. He is the consummate professional with an unwavering commitment to team success, growing as a player and improving every day. It is that mindset that makes him an outstanding role model, teammate and person, on and off the ice. We look forward to getting Brayden back on the ice with his Lightning teammates as soon as possible.

A three-year bridge deal continues the Tampa Bay tradition with their top players, and provides them with a chance to get some incredible excess value over the next few seasons. The Lightning have previously signed Nikita Kucherov and Andrei Vasilevskiy to similar three-year deals that turned out extremely well for the team before locking them into long-term contract extensions as they approached free agency for the second time. That’s likely the same plan they have for Point, as this contract will leave him an RFA in 2022 though a $9MM qualifying offer will give Point a potential avenue to get to unrestricted free agency. Pierre LeBrun of The Athletic provides the full breakdown:

  • 2019-20: $1.9MM salary + $4.25MM signing bonus
  • 2020-21: $2.5MM salary + $3.5MM signing bonus
  • 2021-22: $9.0MM salary

Even though they only lock him in for three years at this price, a $6.75MM salary seems incredibly reasonable for a player of Point’s talents. The 23-year old center has transformed himself into one of the most dynamic two-way centers in the league, scoring 41 goals and 92 points last season while also being nominated for the Selke Trophy as one of the league’s best defensive forwards. A third-round pick in 2014 that had questions around his skating and upside at the professional level, Point has improved dramatically every season and now has 91 goals and 198 points in 229 career regular season games.

This new salary does make Point the third-highest paid forward on the Lightning behind Kucherov and Steven Stamkos, but leaves the Lightning with some wiggle room under the cap. The team now projects to have about $1.7MM in cap space with a 23-man roster, something that seemed impossible at the start of the offseason. Tampa Bay recorded one of the best regular seasons in NHL history last year and will head into 2019-20 with a very similar group. Though Anton Stralman, J.T. Miller and Dan Girardi are gone, the team replaced them with names like Kevin Shattenkirk, Patrick Maroon and Luke Schenne. The fact that many of the team’s other role players have been retained is a testament to how well the front office has navigated the cap over the last several years.

That difficult path won’t end now though. With Point’s deal in place and an extension for Vasilevskiy kicking in for 2020-21, the team will once again be facing a severe cap crunch. With that in mind, there will be even more pressure to perform this year and find more postseason success than they had in 2019.

With another RFA off the board, the focus now turns to Matthew Tkachuk, Mikko Rantanen, Patrik Laine and Kyle Connor to get contracts finalized before the season starts. Given Point’s status as arguably the best (or at least most valuable thanks to his position) of that group, this deal should help provide a template for potential bridge deals in other cities. Mitch Marner, who signed a six-year $65MM deal recently, may give the other end of the spectrum and provide a template for a long-term deal.

Photo courtesy of USA Today Sports Images

Atlantic Notes: Backes, Domingue, Malgin

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The Boston Bruins are relatively set at the forward position. In fact, there is only one rotation spot that isn’t already set and that’s the third-line right wing position. However, one veteran isn’t guaranteed a job, according to The Athletic’s Joe McDonald (subscription required). David Backes will have to win the job if he wants to stay in the league.

The 35-year-old struggled badly last season with just seven goals and 20 points in 70 games and even saw himself used as a healthy scratch during several games during the Bruins Stanley Cup playoff run. He has two years remaining at $6MM per season, however, that will not be enough to guarantee a spot. However, Backes has spent the summer re-training his body to make sure he stays in the Bruins rotation. While in the past, Backes has played in just three preseason games to gear up for the regular season, he may have to play more this year as he fights for his job.

“In the past I’ve had a more secure role and spot and used (preseason) games as a warmup and had a target date of (opening night) to build up to that,” said Backes. “This year is more of staring down the face of my first preseason game and I need to be going all out and prove myself every shift. Ideally, it’s three games but that’s not in my control and when I’m out there I need to do my best.”

  • After clearing waivers today, Puckpedia reports that the Tampa Bay Lightning can now send goaltender Louis Domingue to the Syracuse Crunch and can  bury his salary in the AHL. With that move, his buried cap hit will just be $75K and the team will save $1.08MM on their salary cap. The Lightning are now projected to have $9.2MM in cap space available with 21 players under contract with one more player remaining to sign — restricted free agent Brayden Point.
  • The Athletic’s George Richards reports that he believes that Florida Panthers forward Denis Malgin is likely to make the team as would have to clear waivers in order to be sent to the Springfield Thunderbirds in the AHL. Malgin has averaged approximately 49 games over the past three seasons, but hasn’t made major offensive contributions to the team. He scored just seven goals last year. However, throw in that Malgin is on a one-way deal and would still make $750K regardless of where he plays, the 22-year-old might be better served staying with Florida.

East Notes: Point, Devils, Montour

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Brayden Point and the Tampa Bay Lightning remain far apart in contract negotiations according to his agent Gerry Johansson, who joined Sportsnet radio this morning. Johansson admitted that the two sides are talking and that a bridge deal could be possible:

We’re just sort of poking around at different options and trying to find some common ground. Hopefully move this forward. There’s nothing wrong with a bridge deal at all, especially the way this market might go in the next five years. 

We don’t really have a grand plan. If we could get Brayden into Tampa Bay this afternoon we would do that. So we don’t have some grand scheme to manage this long-term. We’re just taking the next step. We’re talking with Tampa, that’s the good news. Hopefully we can get something done, and if not we’ll figure it out then. 

Point’s negotiation was never expected to take this long after the Lightning were able to lock up the rest of their core so easily, but this summer has had a different market altogether. Even if Johansson and his client are flexible, they also have seen the Mitch Marner deal come through and admitted today that it’s “certainly a mark on the board that [they] work off of.” The Lightning begin their season on October 3rd against the Florida Panthers.

  • The New Jersey Devils have a new president, as Harris Blitzer Sports & Entertainment has appointed Jake Reynolds to that position. Reynolds will “oversee all business, revenue, strategy and operations” for the organization, working alongside Ray Shero who serves as executive vice president and general manager. Hugh Weber, who has served in the president role since 2013 will move up the ranks in HBSE.
  • If the Buffalo Sabres were still planning on moving a defenseman before the season starts, they may have to think again. The team announced today that Brandon Montour will be out for the rest of the preseason after suffering a hand injury and will update his status after training camp. Montour was acquired from the Anaheim Ducks last season and brought big expectations, but isn’t off to a great start for the 2019-20 season. The Sabres still have a glut of defenseman in the organization, but with Montour, Zach Bogosian and Matt Hunwick all out of the picture at the moment things are starting to thin out.

Poll: Which Star RFA Is Most Likely To Miss Games?

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We’re now exactly two weeks from the start of the 2019-20 NHL regular season and eight* restricted free agents are still without contracts. While a few of those names represent depth or role players, five names stand out as potentially disastrous situations. Brayden Point, Mikko Rantanen, Matthew Tkachuk, Kyle Connor and Patrik Laine have all shown superstar ability in their short careers and would be huge talents to leave on the sideline when the season begins. All five forwards scored at least 30 goals last season, with Laine registering the fewest points (50) and Point the most (92).

It’s hard to know exactly when any of them will finally break down the barrier and report to camp at this point. Rantanen and Laine are skating in Switzerland, Tkachuk is with his old OHL team and there have been reports about nearly all of them that things still aren’t close. Just a few days ago Pierre LeBrun of The Athletic tweeted that last offer from the Tampa Bay Lightning to Point was a three-year deal that carried just a $5.7MM average annual value. That would represent a much lower number than someone like Mitch Marner signed for, but Tampa Bay has long maintained the philosophy of low-cost bridge deals for their star players coming out of the entry-level system.

It seems likely then that at least one of these five will miss games at the start of the season. Preseason games have already started without them in training camp and opening night is quickly approaching. But who is the most likely to be without a contract on October 2nd? Cast your vote below and make sure to explain your thoughts in the comment section.

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*There are actually several other RFAs that do not have NHL contracts, but they have already signed elsewhere around the globe to play in other leagues.

Reactions To Mitch Marner Signing

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It’s been nearly 48 hours since the Toronto Maple Leafs signed winger Mitch Marner to a six-year, $65.36MM deal, giving the team three players who will take up $33.52MM in cap space for the next six years, a significant amount for just three players. Regardless, stories about Marner’s new deal has been flooding the internet since Marner’s signing on Friday. Here are some reactions from around the NHL:

  • It was expected that Marner’s signing would start a chain reaction of RFA signings with Brayden Point of the Tampa Bay Lightning likely to be the first domino to fall. However, TSN’s Pierre LeBrun reported that both sides were far apart in negotiations with the most recent offer weighing in at three years and $5.7MM. Considering the cap situation surrounding the Lightning, working out a deal that makes both sides happy could be quite the challenge.
  • The Athletic’s Joe Smith (subscription required) points out that the Marner signing will likely have little to no effect on the Point signing. While the market seems to have opened up for RFA’s like Marner, the Lightning have made it clear they are sticking to their organizational philosophy of signing their RFAs to bridge deals before eventually offering them long-term deals. That’s how they have done it with Nikita Kucherov, Tyler Johnson, Ondrej Palat and Andrei Vasilevskiy.
  • Lance Hornby of the Toronto Sun writes that Kyle Dubas is finally done with signing all his big-name free agents over the last couple of years, but notes that it took a toll on the young GM, who admits that he made a few mistakes. Dubas admits he should have locked all three restricted free agents (Marner, Auston Matthews and William Nylander) at once last year rather than allowing the negotiations go down to the wire. “You learn about the process, of things you do differently for the next time,” Dubas said. “With William, I wish we’d have been on it earlier, with Auston’s case, we had the information and we were projecting headward to go with him. In the end, I’m happy we’re able to deliver all three and bring John in as well.”
  • The Toronto Sun’s Kevin McGran writes that Marner and the Maple Leafs have been miles apart for months, but it was Marner who blinked first this time. It had been made quite clear that Marner wanted two things out of the negotiations, which included remaining a Maple Leaf as well as he didn’t want to miss any games. However, after Marner budged, so did Toronto. “We had a sit-down on Thursday for quite a while,” said Dubas. “It was great for Mitch to tell me how he felt, and me to explain where we were at and what we were proposing and so on. About how he fit into the team, how the team was going to move forward and everything of that nature. It was a real positive in the process.”
  • The Athletic’s James Mirtle (subscription required) writes that the Maple Leafs signing of Marner puts even more pressure on Toronto’s young core. The core of Matthews, Marner and Nylander will have to now start winning and not just finally a first-round victory in the playoffs. The expectations are even higher with most fans now expecting a Stanley Cup win in the near future. Unfortunately with all the money thrown at those three (along with John Tavares), the Maple Leafs aren’t likely going to be able to bring in extra help at the trade deadline or the offseason and the team may lose more and more talent due to their long-term salary cap issues.
  • The Athletic’s Jonas Siegel (subscription required) writes that the Toronto Maple Leafs were in tough situation while trying to lock up all their young forwards, but now that everything is completed and signed, the team will not regret signing all of them to long-term deals. The team’s core is now set and now Dubas must be able to find the pieces to fill in over the next few years despite the fact that Toronto will be in salary cap trouble for many years to come.

Latest On Brayden Point’s Negotiations

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Mitch Marner has been stealing all the headlines lately when it comes to restricted free agent contract negotiations, but there is another Atlantic Division forward that is still without a deal and perhaps even more important to his team’s hopes this season. Many people believed Brayden Point would be one of the first high-profile names to come off the board this summer given the record of the Tampa Bay Lightning in past negotiations. Nikita Kucherov, Steven Stamkos, Victor Hedman, Ryan McDonagh and many others have all signed long-term deals to stay in Tampa Bay, almost all at a perceived discount. Point however is still without a deal as training camp starts, and Pierre LeBrun of The Athletic tweets that it is “not remotely close.”

Point,  23, has developed from third-round pick into one of the most valuable players in the NHL and is coming off a 41-goal, 92-point season last year. The undersized center is also one of the best defensive forwards in the league, earning Selke Trophy votes in both his sophomore and junior seasons in the league. That resume led many to believe that he may actually be young forward who should “set the market,” though Marner has grabbed significantly more headlines thus far.

The Lightning have worked hard this summer to clear enough cap room to sign Point, trading away J.T. Miller and Ryan Callahan’s contract while only adding bounce-back bargains like Kevin Shattenkirk and Patrick Maroon. The team has almost $8.5MM in cap space currently, but the real issues may come further down the line. With Andrei Vasilievskiy’s extension kicking in next season and all three of Anthony Cirelli, Mikhail Sergachev and Erik Cernak hitting RFA status the Lightning will be in a very tight cap situation once again.

Tampa Bay has done bridge deals before for their top talent, but it’s unclear what exactly Point is looking for. Elliotte Friedman of Sportsnet wrote earlier this week that he expected the team to go the three-year contract route, but if there is really as big of a gap as LeBrun suggests, it’s hard to bet on anything at this point.

Photo courtesy of USA Today Sports Images

East Notes: Hall, Pominville, Point

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While contract talks are ongoing with several prominent restricted free agents, it appears that talks will also soon be occurring with arguably the top pending unrestricted free agent forward.   Devils GM Ray Shero told NHL.com’s Mike Morreale that he plans to sit down with winger Taylor Hall at some point during training camp to discuss a potential contract extension.  While he’s coming off a season that saw him play just 33 games due to a knee injury, he’s only a year removed from winning the Hart Trophy.  Between that and the fact that a new market record was recently set for a winger when Artemi Panarin signed for an AAV just over $11.64MM with the Rangers back in July.  Hall could certainly find himself in that range if he was to make it to the open market next summer which would represent a significant jump on his current $6MM cap hit.

Elsewhere in the East:

  • Veteran winger Jason Pominville won’t be surfacing at training camp with Montreal but the door hasn’t completely closed on a return to Buffalo. GM Jason Botterill told reporters, including Lance Lysowski of The Buffalo News (Twitter link) that they continue to have discussions with the 36-year-old although he also indicated they don’t intend to bring anyone into camp on a tryout deal.  Pominville has indicated that his preference is to play somewhere which wouldn’t require uprooting his family which is why Buffalo and Montreal have been mentioned as the likeliest spots for him to play.  However, if the Sabres don’t have a spot for him, he’ll either have to reassess his options or potentially call it a career.
  • Talks between the Lightning and RFA center Brayden Point to not appear to be progressing well. Joe Smith of The Athletic reports (Twitter link) that a deal between the two sides is still not close.  Point is coming off of a career year that saw him pick up 92 points in 79 games.  However, Tampa Bay has a well-defined salary structure with Nikita Kucherov and Andrei Vasilevskiy (starting next year) at $9.5MM.  That would seemingly represent the ceiling for his earning potential on his contract.  While they don’t quite have that much cap space to work with, the Lightning could still conceivably approach the $8MM mark without having to do much in the way of cap-related roster changes.

Atlantic Notes: Point, Senators Prospects, Olofsson

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With the Tampa Bay Lightning preparing for another run to challenge for a Stanley Cup, one of the team’s top players remains unsigned in Brayden Point, who continues to sit out with a number of top restricted free agent forwards, including Toronto’s Mitch Marner, Colorado’s Mikko Rantanen, Calgary’s Matthew Tkachuk, Winnipeg’s Patrik Laine and Kyle Connor. Several defensemen, including Boston’s Charlie McAvoy and Columbus’ Zach Werenski.

However, there has been no end in sight for any of these players and there remains no timeline as all of these players are waiting for the first one to sign and set the market, according to Tampa Bay Times’ Diana Nearhos. Most expect that the first domino to fall will be Marner with everyone signing contracts just underneath him. However, that could change if one of the others opts to sign first. Point’s deal will be an interesting one on a team that already has quite a few top-paid players, but Point, who tallied 41 goals and 92 points.

“It’s a unique marketplace,” said agent Gerry Johannson, who counts Point among his clients. “Everyone is waiting for some clarity.”

So far only two key restricted free agents have signed, both in peculiar circumstances. Jacob Trouba forced a trade to the New York Rangers before finally signing, while Carolina matched Montreal’s offer sheet to Sebastian Aho in early July. In the meantime, the wait continues.

Poll: Who Will Be The First Top RFA To Sign?

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It’s the question on everyone’s mind. When will these restricted free agents sign? The workday on the second last Friday of August has almost come to an end and there is still a huge list of unsigned stars with no real progress being made. Whether they are all waiting on Mitch Marner or Brayden Point to set the market or not, we’re starting to get closer and closer to the start of training camp and real contract holdouts beginning. We’ve already heard one player has contacted a European squad to give them a place to train, and there will undoubtedly be more.

So who breaks the dam? When Colin White signed earlier this week there was hope that things were finally progressing, but instead there has been deafening silence around the league. Even with small tidbits of information coming out from situations surrounding Zach Werenski and Brock Boeser, there still doesn’t seem to be any movement. Boston Bruins GM Don Sweeney explained today that things with Brandon Carlo and Charlie McAvoy are going “not as fast as everybody would like” but that he’s confident they will be with the organization for a long time.

It’s not even just the top players that are still out there without a contract. Names like Kevin Fiala, Brendan Perlini and Adrian Kempe are still without deals for one reason or another and may still be waiting on the high-profile players to be finished first. That’s a tough place for any young player to be in, especially when you’re not quite as established as someone like Point or Marner. Missing training camp would be a huge detriment to their careers, meaning they’re likely watching the news wire just as closely.

When will things change? Who will finally decide that the waiting game is taking too long? Cast your vote below and make sure to explain why in the comments. We’ve included the top names, but feel free to explain why another player may be the one to kick things off.

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Lightning Notes: Point, Domingue, Vasilevskiy

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While the top of the RFA market is basically at a crawl right now, Lightning GM Julien BriseBois told NHL.com’s Corey Long that he’s optimistic that he’ll be able to get center Brayden Point signed by training camp.  Today’s trade of Ryan Callahan to Ottawa certainly gives them some extra flexibility to work with if they decide to try to work out a long-term deal.  However, recent history has suggested that Tampa Bay may be inclined to pursue a bridge contract; BriseBois was quick to point out that anyone that did so received a long-term deal afterwards.  Knowing that they’ll be adding Andrei Vasilevskiy’s long-term extension to the books in 2020-21, it wouldn’t be surprising to see the Lightning push for a bridge pact with Point to allow them to try to keep as much of the core together as possible over the next couple of seasons.

More from Tampa Bay:

  • The addition of Mike Condon puts Louis Domingue’s future with the team even more in question. With Curtis McElhinney coming in as the new backup, Domingue was already on the outside looking in and Condon’s presence further cements that.  BriseBois indicated to Joe Smith of The Athletic (subscription required) that he has spoken with a few teams about finding a new home for the 27-year-old and that he’s confident a trade will be worked out by training camp.  Domingue, who had a 2.88 GAA with a .908 SV% in 26 games last season, carries a $1.15MM cap hit and will be an unrestricted free agent next summer.
  • While Vasilevskiy certainly could have just gone the arbitration route next summer to get to the open market as soon as possible, his agent Dan Milstein told John Romano of the Tampa Bay Times that going that route was never considered as he wanted to get a long-term deal done as soon as possible and that he was willing to give a bit of a hometown discount to get it done. The 25-year-old signed an eight-year, $76MM deal on Monday, giving him the third-highest AAV among netminders in the league when the contract kicks in next July.

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