Hurricanes Notes: Pesce, Teravainen, DeAngelo
Hurricanes blueliner Brett Pesce has switched agents, reports Chip Alexander of the Raleigh News & Observer. After working with Edge Sports Management, the defenseman is now represented by Wasserman’s Judd Moldaver. The timing of the change is notable since the 28-year-old is entering the final year of his contract. Pesce has emerged as a quality top-three defender over the past few years and set a new career-high in points last season with 30. He’s undoubtedly in line to land a sizable raise on his current $4.025MM AAV but with Brady Skjei also in need of a new deal, Carolina probably won’t be able to afford to keep both. Pesce made it clear that his preference is to remain with the Hurricanes but earlier this summer, GM Don Waddell noted that the team wasn’t close to re-signing any of their pending UFAs.
Elsewhere in Carolina:
- Luke DeCock of the Raleigh News & Observer wonders if Carolina would be better off just letting winger Teuvo Teravainen play out the final year of his deal and then move on next summer. The 29-year-old is coming off a down year that saw him score just 12 goals in 68 games but has a good enough track record that it would still cost more than his current $5.4MM AAV to extend him. With Martin Necas and Seth Jarvis both restricted free agents next summer, they may need Teravainen’s money to get those two locked up to long-term agreements.
- In his latest piece for The Athletic (subscription link), Cory Lavalette sat down with blueliner Anthony DeAngelo, a mid-summer signing after his contract was bought out by Philadelphia. Despite their strong defensive depth, he opted to go back to an organization that he was comfortable with over one where he would have had a better shot at a bigger role and more playing time. After what he called a season full of inconsistent play with the Flyers, he’ll be looking to stabilize things somewhat before testing the market again next summer.
Poll: Which Team Will Acquire Brett Pesce?
Now that the trade market for defensemen has been set after the blockbuster trade landing defending Norris Trophy winner, Erik Karlsson, with the Pittsburgh Penguins, one of the most oft-rumored names on the market headed into next season is Brett Pesce of the Carolina Hurricanes. Already carrying a rather deep defensive core, the Hurricanes added to it even more, bringing in Dmitry Orlov, Anthony DeAngelo, and Caleb Jones via free agency this summer.
For the 2023-24 NHL season, Pesce will be starting his ninth in Carolina, becoming one of the mainstays on their blue line during the team’s rise to stardom in recent years. However, with players such as Teuvo Teravainen, Martin Necas, and more than half their defensemen needing contracts beyond this season, the Hurricanes dollar may be better spent somewhere else.
In June, Cory Lavalette of The Athletic theorized that Pesce’s next contract would be in the eight-year, $52MM ($6.5MM) range, which seems fair factoring in comparable players and Pesce’s age. This is not a massive increase on Pesce’s current $4.025MM AAV, but with an extension already kicking in for Sebastian Aho next summer, Carolina will need all the wiggle room they can to keep their other talent.
In analyzing the market for Pesce, it would be wise to start with the two teams that reportedly missed out on Karlsson. Both the Toronto Maple Leafs and Seattle Kraken had an interest in Karlsson, and both could use some longer-term answers to the right side of their blue lines. Toronto currently has John Klingberg and T.J. Brodie at the top of their hierarchy on the right side and should consider Pesce to be an improvement to both of those players. Similarly, in Seattle, Pesce would be a solid long-term answer on the right side once Justin Schultz‘s contract comes to an end next summer.
Even if it is not in the Hurricanes’ best interest to hold onto Pesce long-term, it seems to be the most appropriate option to hold onto him for the entirety of next season, given the team’s popularity as a Stanley Cup favorite. Much like how the New Jersey Devils handled the pending unrestricted free agency of Damon Severson, the team may be better spent employing Pesce for the upcoming season and recouping some value for him via a sign-and-trade before July 1, 2024.
Click here to vote if you can’t access the poll above.
Assessing The Defenseman Trade Market Post-Karlsson Trade
It had been almost a month since a higher-profile player in the NHL had been traded, and most would argue that it was the domino that needed to fall to open up the trade market for defensemen. This summer, we have seen names such as Pierre-Luc Dubois, Alex DeBrincat, and Taylor Hall all moved in trades, but a big-name trade had not been made for a defenseman since the Columbus Blue Jackets acquired Damon Severson on June 9th.
For the most part, there are two defensemen that may have seen their market open up due to the Erik Karlsson trade, and that would include Brett Pesce of the Carolina Hurricanes and Noah Hanifin of the Calgary Flames. Both players’ trade availability is surrounded by different circumstances, and both of their current teams have much different outlooks for next season.
Starting with Pesce, back in June, Pierre LeBrun of The Athletic reported that the Hurricanes were intent on moving Pesce this summer if they were unable to come to a contract resolution past this season. About a week later, Cory Lavalette of The Athletic noted that Pesce would likely be seeking a contract in the eight-year, $52MM ($6.5MM AAV) range, something that Carolina could easily afford, but with Teuvo Teravainen, Martin Necas, and Brady Skjei, among others, also needing contracts past the 2023-24 season, may not be in the team’s best interest.
Although it would be a prudent move both financially and for the future success of the club to move on from Pesce, questions should arise as to if it is in the best interest of the current Hurricanes team in accordance with their goals for the 2023-24 season. Carolina is one of the most well-set-up teams to make the Stanley Cup Final next season, and their defensive depth is one of the main reasons for that. For most of the foreseeable contenders in the NHL, teams could do a lot worse than having Anthony DeAngelo as their sixth-best defenseman on the roster.
One of the best comparables to Pesce’s situation might come from a division rival in Severson. Severson had spent a total of nine seasons in New Jersey, and even though he was heading towards unrestricted free agency, the Devils held on to Severson as he gave them a much better chance to win. This summer, the Devils executed a sign-and-trade, inking Severson to an extension and receiving a third-round pick for his services from the Blue Jackets. This may not be the haul that Carolina would be hoping for, but it’s undeniable that Pesce gives them a better chance to win for 2023-24, and may have to seek a sign-and-trade next summer.
Unlike Pesce, Hanifin has already been vocal about his unwillingness to sign an extension in Calgary and would like a change of scenery heading into next year. A solid defenseman on both the powerplay and penalty kill, Hanifin should likely have a decent market as a two-way defenseman. Currently making just a tad under $5MM this season, it’s going to be difficult for a lot of contending teams to absorb that contract even for a short time.
Just to theorize, there is one team that has their eyes on contending next year and could certainly use an upgrade on the left side of their defense. The Buffalo Sabres have already improved their defensive core with the additions of Connor Clifton and Erik Johnson this summer, but an acquisition of Hanifin may put them over the top to get back into the playoffs. The main drawbacks from Buffalo’s perspective in acquiring Hanifin are the current glut of defensemen already on their roster, and the pressing extensions of Rasmus Dahlin and Owen Power.
With Calgary already having a murky future on their blue line, the Sabres could certainly move back a defenseman or two with team control, and with it all but known that Hanifin wants out, the price may not be too high for his services. If they are able to acquire Hanifin and extend him, Buffalo could be well served in having Dahlin, Power, Hanifin, and Mattias Samuelsson in their top four for the foreseeable future.
All-in-all, we are getting to the point in the summer where the most likely scenario is both Pesce and Hanifin will start the season with their current clubs, but there are some signs indicating changes will be coming soon. All we know for certain, the trade for Karlsson has helped set the market, as well as open it up for any future moves.
Karlsson Notes: Defense Market, Money Retention, Interested Teams
A short time after the news broke of Erik Karlsson officially joining the Pittsburgh Penguins, news surfaced that defenseman Mathew Dumba and the Arizona Coyotes were expected to reach a one-year agreement. Cory Lavalette of the North State Journal thinks that with the Karlsson trade drama wrapped up, this might have unfrozen the slow-moving defenseman market this summer (Tweet Link). Lavalette surmised that the Carolina Hurricanes may now have a better market to move out one of their defensemen.
This view should be taken with a grain of salt, as Lavalette’s initial thought was in response to Elliotte Friedman announcing that the Coyotes and Dumba had come to an agreement. It may very well be true that the trade for Karlsson will lead to more defensemen being traded in the next couple of weeks, but given the vast differences in playstyle, and the unlikelihood that the Coyotes were one of the teams trying to acquire Karlsson, it would be difficult to draw any sort of correlation between these two moves.
However, in defense of Lavalette’s view, the Hurricanes do have a plethora of right-handed shooting defensemen, and with rumors earlier in the offseason indicating the team might be interested in moving on from defenseman Brett Pesce, the other team’s interested in Karlsson could consider Pesce a solid consolation prize. Even though their play styles are not similar, Pesce would largely be an improvement to any team’s right-hand side of their defensive core.
Other notes:
- One of the more surprising aspects of the Karlsson trade this morning was the money retained by the San Jose Sharks in the deal. Most recent reporting indicated that the Sharks and a potential third team would have to retain at least $3.5MM (30.4%) of Karlsson’s contract in total to make the deal financially work for the Penguins. Instead, even though the Montreal Canadiens were involved in the deal as well, the only retention came from the Sharks at $1.5MM (13%) of Karlsson’s $11.5MM salary. A Sharks beat writer, Curtis Pashelka reported that a lot of retention scenarios were on the table, and Mike Grier made a point to get it as low as possible. This reasonably impacted the return for San Jose, but it was a solid part of the deal for the Sharks, nonetheless.
- Also speaking to Grier about the Karlsson trade, Greg Wyshynski of ESPN reports there were actually two other teams down to the wire in the trade negotiations. For weeks now, all signs had pointed to Pittsburgh as the eventual landing spot for Karlsson, with the Hurricanes, Seattle Kraken, and Toronto Maple Leafs having noted interest as well. Grier would not indicate which teams specifically, but it is an interesting factoid at the very least.
Hurricanes “Not Close” On Extension Talks With Pending UFAs
Today was a ceremonious day for the Carolina Hurricanes organization, locking in franchise center Sebastian Aho to the richest deal in franchise history. Don’t expect groundbreaking extensions for any other Hurricane hitting the open market in 2024, though. General manager Don Waddell told reporters, including the North State Journal’s Cory Lavalette today, that the team “isn’t close” on extensions with any of their other pending UFAs.
This rather consequential list includes, first and foremost, long-rumored trade target defenseman Brett Pesce. It’s long been believed that Carolina would trade Pesce sooner rather than later if an extension wasn’t in the cards, and Waddell confirmed that that was the case today. It’s fair to wonder whether his quote today increases Pesce trade speculation in the coming days, especially since little is known about the list of teams who’ve called the ‘Canes about Pesce’s services.
Moving out Pesce with haste would free up more space for the Hurricanes to pursue Erik Karlsson, who they’ve also been connected to on the trade market for many weeks. Bringing in Anthony DeAngelo for his second stint in a Carolina jersey also seems like a targeted backup plan if Carolina trades Pesce but fails to nab Karlsson, the 2023 Norris Trophy winner, in a trade from the San Jose Sharks.
Pesce isn’t the only notable Hurricane headed for unrestricted free agency next summer, however. On offense, Teuvo Teravainen and his five-year, $27MM deal signed in 2019 are set to expire. While he had arguably his worst season in a Hurricanes jersey last year, registering just 12 goals and 37 points in 68 games, he’s been one of Carolina’s top scorers for the better part of the previous half-decade. That being said, he’s also destined for a reduced role next season, with the addition of Michael Bunting in the team’s top six and Seth Jarvis likely to surpass him on the team’s depth chart. It makes sense why the Hurricanes wouldn’t want to pay Teravainen what he believes he’s worth, especially at this stage without any clear evidence of a permanent decline. It wouldn’t be surprising to see him hit the UFA market for the first time next July.
There’s also the matter of fan-favorite depth forward Jordan Martinook, a vital locker-room fixture with the team who’s had a tumultuous season in Raleigh. Placed on waivers (and cleared) before the season started to create some salary cap flexibility, Martinook would go on to play a pivotal depth role for Carolina in 2022-23. His 21 assists and 34 points in 82 games were both career highs, and he notched a remarkable 12 points in 15 playoff games as the Hurricanes marched on to the Eastern Conference Final yet again. Entering the final season of a three-year, $5.4MM contract signed in 2021, Martinook’s stock is at an all-time high. If there is an extension to be had here, don’t expect it to come before the New Year.
Finally, at least among the significant roster pieces headed for free agency next year, Pesce’s defense partner remains without a contract past 2024. Brady Skjei is now in the final season of a six-year, $31.5MM contract, and he’s had a rather up-and-down tenure with Carolina since they acquired him via trade in 2021. He’s been inconsistent defensively over the life of his contract but has settled into posting solid second-pairing numbers for the Hurricanes, at least from an offensive standpoint – he registered a career-high 18 goals last year after posting 39 points in 82 games the year before. While an effective player, he’s also not worth the $5.25MM per season they’re paying him – at least not for Carolina’s needs. With multiple high-end defense prospects on the way, it again shouldn’t be a surprise that the Hurricanes aren’t chomping at the bit to extend him.
Rounding out the list of pending UFAs for Carolina in 2024 are forwards Brendan Lemieux and Stefan Noesen, defenseman Jalen Chatfield, and goalie Antti Raanta. DeAngelo is also slated for unrestricted free agency in 2024 as well. All of those players were either signed to one-year deals this summer or have sub-$1MM cap hits.
Photo courtesy of USA Today Sports Images.
Latest On Erik Karlsson Trade Talks
Sportsnet’s Elliotte Friedman reported today on the NHL Network that the San Jose Sharks remain steadfast in their efforts to trade reigning Norris Trophy winner Erik Karlsson. Friedman goes on to say that the Carolina Hurricanes and Pittsburgh Penguins are the two teams that the Sharks are talking to and adds that Carolina may need to work out of a move for defenseman Brett Pesce to acquire some assets to complete a Karlsson deal.
On the Pittsburgh side of things, Josh Yohe of The Athletic wrote an article today that outlined why Erik Karlsson is the type of player that general manager Kyle Dubas needs to acquire. Yohe highlights exactly why Karlsson is the right player for the team and the situation the Penguins are currently in. While most of Yohe’s article is in defense of the Penguins acquiring the defenseman, he also adds a couple of pieces of information regarding a potential move. Yohe says that any move Pittsburgh makes for Karlsson would be complex and would involve a third team, which is no surprise given that Karlsson is owed $11.5MM annually for the next four seasons.
Friedman reported Tuesday on his 32 Thoughts Podcast that one hold-up to the potential deal was that teams wanted the Sharks to retain more of Karlsson’s cap hit. He went on to add that at the trade deadline in March San Jose was willing to retain between 18-20% of Karlsson’s cap hit to facilitate a deal. Friedman believes the Sharks will need to retain closer to 30% of the deal which would turn Karlsson into an $8MM player for the acquiring team, and should net the Sharks a better return. Something they are open to. Friedman also reported today on the NHL Network that he believes the Sharks have pursued unrestricted free-agent defenseman Matt Dumba as a possible replacement for Karlsson.
At this point, it almost feels as though the Penguins must acquire Karlsson. Not only would they block Carolina from adding Karlsson to their already stacked defensive unit, but it would help to jump-start their offence which became stale last year for long stretches. Pittsburgh feels like a team that needs a jolt as they have been unable to get out of the first round of the playoffs since 2018 and didn’t even qualify for the postseason last year. Adding a 101-point defenseman would also alleviate some of the offensive pressure off Sidney Crosby, Evgeni Malkin, and the rest of the Penguins’ top-6 forward group who almost single-handily carried the team last season. And while Dubas has been busy overhauling the black hole that was the Penguins’ bottom six, he still hasn’t added much in the way of offensive firepower.
Latest On The Carolina Hurricanes, Vladimir Tarasenko
In some rather jaw-dropping timing, UFA winger Vladimir Tarasenko has changed his representation just four days into this year’s free agency period. Per Sportnet’s Elliotte Friedman, the 2019 Stanley Cup champion is now represented by J.P. Barry and Pat Brisson of CAA. Because of this, any negotiations Tarasenko had with NHL teams have now been reset, confirming he has no deal in place to join any team with most of his peers already off the market.
One of the best players available (and No. 3 on our list of this year’s UFAs), Tarasenko seemed to be off the market a few days ago. The Athletic’s Shayna Goldman had reported things were close between Tarasenko and the Carolina Hurricanes, which a few other insiders later echoed – although no major developments were later confirmed.
Today, Larry Brooks of the New York Post said Tarasenko had “multiple” offers on the table from NHL teams, including Carolina, ranging between $5.5MM and $6MM per season with various lengths. Tarasenko (and his previous representation, Paul Theofanous) rejected them all, potentially misreading the market after countryman Dmitry Orlov signed a two-year deal with Carolina paying him $7.75MM per season.
However, all signs indicate Carolina is still the likely destination for Tarasenko once negotiations re-start and a deal gets hammered out. The Fourth Period’s David Pagnotta speculates it’ll be a one-year deal at this stage, with Tarasenko likely looking to get more money in a less rigid cap environment a year from now, although he will be 32 years old by then.
With Carolina down to $4.5MM in cap space (per CapFriendly), plus the impending Tony DeAngelo acquisition on Saturday, Pagnotta notes defenseman Brett Pesce is still on the trade market without an extension past this season. He names the Nashville Predators as a team involved in Pesce trade talks, although the 28-year-old could block a trade if he leaves Nashville off his 15-team “yes”-trade list.
Metropolitan Notes: Pesce, Penguins, Kuznetsov
Hurricanes defenseman Brett Pesce is one to keep an eye on this summer. With his recent change and contracts to comparable players given out recently, Cory Lavalette speculates in his latest piece for The Athletic (subscription link) that Pesce could be pushing for a max-term contract around a $6.5MM AAV. Carolina has ample cap room for 2024-25 but also needs to re-sign blueliner Brady Skjei, centers Sebastian Aho and Martin Necas (RFA), and winger Teuvo Teravainen. Doing all of that will be difficult and it wouldn’t be shocking if at least one has to go. Accordingly, if the Hurricanes could work an extension out with Skjei quickly and find Pesce’s price point too high for their liking, he could become a trade candidate in the coming weeks. In a free agent market that doesn’t exactly have a lot of impact right-shot defenders out there, many teams will be watching this situation closely.
More from the Metropolitan:
- Speaking to reporters yesterday including Matt Vensel of the Pittsburgh Post-Gazette, Penguins president Kyle Dubas indicated that he might be open to taking on a contract from a team needing to open up cap space this summer. Pittsburgh has around $20MM in cap room this summer per CapFriendly and while some of that will need to go toward re-signing or replacing goaltender Tristan Jarry, defenseman Brian Dumoulin, and winger Jason Zucker, they could have enough flexibility left to take on a pricey but capable player, giving them a boost as they look to get back to the playoffs.
- There has been some speculation that Capitals center Evgeny Kuznetsov might welcome a change of scenery. However, Russian player agent Alexei Dementiev told RB Sport in Russia that Kuznetsov’s discontent has been around a lack of offensive freedom. It’s worth noting that Dementiev is not Kuznetsov’s agent (that would be Newport’s Craig Oster) but he suggested that if new coach Spencer Carbery is willing to give the 31-year-old some more room to try to create offensively, the relationship between him and the team could be repaired. Kuznetsov is coming off a 55-point season but is only a year removed from a 78-point campaign. Getting him back in form would certainly go a long way toward trying to get Washington back into the postseason picture.
Trade Notes: Karlsson, DeBrincat, Pesce
It’s not often that a defenseman is traded the summer after a Norris Trophy-winning, 101-point season, but that’s exactly what might happen with Erik Karlsson and the San Jose Sharks. With San Jose looking to rebuild and Karlsson’s historic regular season unable to lift the team out of the NHL’s basement, this summer could bring the second trade of Karlsson’s career. The Athletic’s Pierre LeBrun reported on TSN’s Insider Trading program that Karlsson’s representatives and the Sharks had a meeting last week about the player’s future, and the outcome of the meeting was a unified focus between team and player to “try and get a trade done” for next season.
Karlsson, 33, is in possession of a full no-movement clause in his contract meaning he would have final control over any destination. The largest barrier to any potential move isn’t expected to be that clause, though. Instead, it’s likely to be Karlsson’s $11.5MM cap hit, and whether interested teams will be willing to take on the full weight of that hit. (or whether the Sharks will need to retain a portion of the contract) In any case, it appears the Sharks and Karlsson’s camp share a motivation to find a trade outcome before the start of next season.
Some other notes about trade rumors from across the NHL:
-
- Also on Insider Trading, TSN’s Chris Johnston reports that the Senators, by filing for arbitration with restricted free agent forward Alex DeBrincat, have “set the window for when they have to trade” the player. Johnston believes the Senators will make a push to get a DeBrincat trade finalized “by the draft this month” if possible. One might remember that DeBrincat was traded to Ottawa on draft day last year, and now based on Johnston’s report it seems he could get dealt on one of hockey’s most significant days once again, if not sooner.
- Like DeBrincat, Carolina Hurricanes defenseman Brett Pesce has the chance to become an unrestricted free agent next summer. On Insider Trading, LeBrun reported that while contract talks on an extension are continuing between Pesce and Carolina, the Hurricanes are “pretty resolute” that they’ll be trading him this summer if they can’t secure his signature on a new deal. LeBrun also adds that the Buffalo Sabres have already inquired about the possibility of trading for Pesce, potentially to be Owen Power‘s long-term partner. It’s likely that the widely-respected 28-year-old blueliner would garner significant trade interest if put on the market. He just finished a year where he made a major impact on both ends of the ice, setting a career-high of 30 points while also serving as a leading penalty killer for a Carolina shorthanded unit that consistently ranks among the best in the NHL.
Snapshots: Pesce, Third Overall Pick, Florida Everblades
The Carolina Hurricanes have been one of the NHL’s most consistently competitive franchises in recent years and a major reason for their success has been the fact that they’ve thus far avoided giving out the types of inefficient, expensive contracts that eat up too much salary cap space and have sunk other team’s competitive hopes. A byproduct of that tendency to stick to their own valuations of players and not let the market dictate their plans has been that they’ve seen some talented players leave, players other clubs might have found a way to retain. Players such as Dougie Hamilton and Vincent Trocheck are examples of this, and perhaps the next player to be added to that list could be defenseman Brett Pesce.
Per a report from The Athletic, “If Pesce’s demands aren’t realistic to what Carolina had in mind” for his next contract, the Hurricanes “may very well trade him this summer.” (subscription link) Pesce, 28, will see his $4.025MM AAV contract expire next summer and could be looking to secure a significant raise after seeing himself go underpaid due to that contract relative to the immense on-ice value he’s provided. Pesce set a new career high in points this past season and is widely respected as a top-of-the-line defenseman in his own end. He’d likely fetch a significant return if traded, so it seems the Hurricanes may consider trading Pesce this summer in order to recoup some value rather than risk retaining him through the expiry of his contract next summer, only to see him leave for another team with Carolina receiving no compensation in return.
Some other notes from across the NHL:
- With the Blue Jackets aggressively pursuing upgrades to their roster that will help them win in the short-term, many have wondered if the Blue Jackets would consider trading the third overall pick in this year’s draft in order to get a quality, established player. Blue Jackets GM Jarmo Kekalainen spoke on the prospect of trading the pick, according to the Columbus Dispatch’s Brian Hedger. Kekalainen said it would take “an awful lot” in order to convince the team to trade that pick, and although they’ve received trade calls nothing yet has come close to being enough for the team to consider making that deal. The Blue Jackets have long sought after a true first-line center to build their forward corps around, and with promising pivots such as Leo Carlsson and Will Smith expected to be available for Columbus to draft, it seems Kekalainen would need to be truly wowed by an offer in order to move the third pick.
- The ECHL’s Florida Everblades secured their second consecutive Kelly Cup championship last night, sweeping the league’s finals against the Idaho Steelheads, a team that went on a historic run during the regular season. The Steelheads went 58-11-3 and stormed to the Kelly Cup finals but couldn’t find an answer to former University of North Dakota netminder Cam Johnson and the Everblades. Former Merrimack College captain Tyler Irvine scored the championship-clinching goal midway through the third period of the contest, leading the Everblades to the third title in their franchise history.