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Chandler Stephenson

Golden Knights Acquire Chandler Stephenson

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Tuesday: The deal has official gone through. Vegas acquired Stephenson in exchange for a 2021 fifth-round pick.

Monday: The Capitals and Golden Knights appear to be nearing an agreement on a trade involving Washington center Chandler Stephenson, according to reports from David Pagnotta of The Fourth Period (Twitter link) and TSN’s Darren Dreger (Twitter link).

Stephenson is in his third full season as an NHL player but his hold on a roster spot has been tenuous at best.  He has played in 24 games with the Caps this season, recording three goals and an assist while averaging just shy of 12 minutes per night.  With a $1.05MM cap hit, he costs a fair bit more than the players making the $700K league minimum and with the Capitals being extremely tight to the salary cap, a prorated few hundred thousand can make a big difference.  Winger Carl Hagelin is nearing a return from LTIR which is providing an impetus to make a move to free up a bit of cap room.

As for what may interest Vegas in the 25-year-old, center Cody Eakin is out week-to-week with an upper-body injury, creating an opening on the penalty kill which is an area that Stephenson can help in as he regularly kills penalties with Washington.  The Golden Knights are currently in action so any move won’t likely be announced until after the conclusion of their game.

Evening Notes: Kempe, Capitals, NHLOA Talks

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Some progress appears to be getting made when it comes to contract talks between the Kings and RFA center Adrian Kempe.  GM Rob Blake told reporters last week (including Jon Rosen of LA Kings Insider) that things are getting close while Lisa Dillman of The Athletic adds (Twitter link) that it will wind up being a short-term bridge deal.  The 22-year-old saw his output dip last season from 16 goals and 37 points to just 12 and 26 respectively so it shouldn’t come as a surprise that Los Angeles isn’t ready to commit a long-term contract to him just yet.  While he’s currently unsigned, there will be at least one Kempe in training camp for the Kings after they signed his brother Adrian Kempe early in free agency this summer.

Elsewhere around the hockey world:

  • Capitals GM Brian MacLellan stated last week that they’ll likely have to make a trade for salary cap reasons. With that in mind, J.J. Regan of NBC Sports Washington examined some of the potential cost casualties.  Considering they’re firmly in win-now mode, it’s unlikely that they’ll part with a core player which limits their options.  He lists defenseman Christian Djoos, center Chandler Stephenson, and center Travis Boyd as potential trade options though the latter makes just over the league minimum so the savings from moving him could be limited.  They’ll have to trim more than $1MM off their payroll and with so few options to deal from, it may take multiple moves to get there.
  • While the CBA between the NHL and NHLPA is attracting the headlines at the moment with the league opting to not opt out and the players having until the middle of the month to decide, there’s another contract that’s being worked on. Sports Illustrated’s Michael Farber reports (Twitter link) that the deal between the league and the NHL Officials’ Association expired on Saturday without a new agreement in place.  However, the hope is that a new deal will be agreed on by the start of the season.  The officials will be reporting to their own training camp this weekend.

Salary Cap Deep Dive: Washington Capitals

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Navigating the salary cap is one of the more important tasks for any GM. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2019-20 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.

Washington Capitals

Current Cap Hit: $82,864,294 (over the $81.5MM Upper Limit)

Entry-Level Contracts

G Ilya Samsonov (two years, $925K)
F Jonas Siegenthaler (one year, $714K)

Potential Bonuses

Samsonov: $550K
Siegenthaler: $83K

The one failing of the Washington Capitals and their dominance of their run over the years has been their inability, lately, to develop young talent that can step in. Again there are few players on entry-level contracts who can help ease the Capitals’ salary cap. However, the team believes that they might be close to bringing in their top prospect in Samsonov. The talented Russian goaltender finally arrived in North America last season and had mixed results in his first year in the AHL. However, Samsonov is likely to get a long look in training camp this season and even if he doesn’t make the team, he’s due to make his NHL debut at some point this season. After all, the Capitals must figure out quickly whether they have their future No. 1 netminder.

Siegenthaler finally looks ready to step into a permanent role on the Capitals’ blueline. The 22-year-old showed promise last year in 26 regular season games and even saw some playoff action with four games last season. The defensive defenseman is a perfect addition to a defense that is still dealing with injuries.

One Year Remaining, Non-Entry-Level

F Nicklas Backstrom ($6.7MM, UFA)
G Braden Holtby ($6.1MM, UFA)
D Radko Gudas ($2.35MM, UFA)
D Christian Djoos ($1.25MM, RFA)
F Chandler Stephenson ($1.05MM, RFA)
F Travis Boyd ($800K, RFA)
F Brendan Leipsic ($700K, RFA)

Washington will have a big decision to make next offseason as they have two of their core pieces who will become unrestricted free agents and with serious cap issue for several years coming, the team will almost assuredly have to make a tough decision and are likely to lose at least one of them for nothing next summer. Neither is likely to be traded considering the team is strong enough to compete for a Stanley Cup, but the team just can’t afford both. The most likely scenario is the team finds a way to retain Backstrom, but will be forced to let Holtby go, considering that top goaltenders have been cashing in and the Capitals likely won’t have the money to keep him around. Of course much could change, but considering that Washington does have a top goaltending prospect who is almost ready for the NHL, losing Holtby might be an easier blow to take than losing Backstrom.

The remaining group will have to prove their worth. The most interesting player could be Gudas, who is considered a likeable locker room guy, but the Capitals will have to wait and see how well the veteran blueliner fits in with their defense and what the cost of retaining him in the future will be.

Two Years Remaining

F Alex Ovechkin ($9.54MM, UFA)
F Jakub Vrana ($3.35MM, RFA)

While it’s hard to imagine a Capitals team without their star in Ovechkin seems highly unlikely, Washington will have to see whether they can convince their star to re-sign. He’ll be 36 years old by the time he signs his next contract, which means he has quite a few options and while re-signing with Washington is the most likely possibility, the veteran has a number of options which could include returning to Russia to finish his career. Signing with Washington also could hinge on how the Capitals will look in two years. If the team looks like an aging team that has little real chance at winning a title, Ovechkin could also look elsewhere in the NHL for a last chance for a Stanley Cup. The Athletic’s Jesse Granger suggested a while back that Ovechkin might be a good fit with Vegas in a couple of years, suggesting that his relationship with George McPhee could be enough to bring him over there.

The team needs Vrana to continue his development. A player who struggled and was a big question mark at this time a season ago, Vrana answered a lot of questions last year with a 24-goal, 47-point season. If he can continue that success and be a consistent top-six player, the team will likely have hand him a long-term deal in two years.

Three Years Remaining

D Michal Kempny ($2.5MM, UFA)
G Pheonix Copley ($1.1MM, UFA)
F Nic Dowd ($750K, UFA)

The team lacks many major contracts here, but if Kempny continues to prove to be a solid defensive presence on Washington’s blueline, the team may have to hand out a significant contract. While the defender will be out for the start of the season and remains an unknown after a season-ending hamstring injury, he has proven to be quite reliable since the Capitals acquired him back at the trade deadline in 2018. Copley, who posted solid numbers as a full-time back-up goalie, likely will hold down his job, but will be challenged by Samsonov, who the team hopes will be their goalie of the future.

Four Or More Years Remaining

D John Carlson ($8MM through 2025-26)
F Evgeny Kuznetsov ($7.8MM through 2024-25)
F T.J. Oshie ($5.75MM through 2024-25)
F Tom Wilson ($5.17MM through 2023-24)
D Dmitry Orlov ($5.1MM through 2022-23)
F Lars Eller ($3.5MM through 2022-23)
F Carl Hagelin ($2.75MM through 2022-23)
F Richard Panik ($2.75MM through 2022-23)
D Nick Jensen ($2.5MM through 2022-23)
F Garnet Hathaway ($1.5MM through 2022-23)

The bulk of the team’s contracts are here with plenty of money being dedicated to the team between the next four to seven years. Many of these players will likely not be worth the money they are paying for them by that time and much will depend on whether Washington can supplement the team with young, cheap talent. However, the core of the team comes down to Carlson, Kuznetsov, Oshie and Wilson, all of which are currently key to the team’s status as threats to capture another Stanley Cup in the next few years. Carlson, who hits 30 at midseason, put up another phenomenal numbers last year, scoring 13 goals and a career-high 70 points. Kuznetsov had a slight down year, but could be a candidate for a big bounce-back season. Oshie continues to put up solid numbers, 25 goals last season, but will turn 33 during the season and will be 39 before his contract expires, which could go bad quickly. Wilson’s contract doesn’t look nearly as bad, especially after posting career highs in goals (22) and points (40).

Orlov saw his goal-scoring numbers drop, but he still has been a key figure on the team’s defense. Although he saw his ATOI drop by a minute in a half, the team still believes that Orlov is a top-pairing defender. The team hopes that Jensen might provide the same value at a much cheaper price. Jensen, acquired from Detroit and immediately extended for four years, gives Washington even more depth on the team’s blueline. He only averaged 17 minutes in his 20 games with Washington, but he could return to the 20 minutes he was averaging when he was with the Red Wings.

Washington has started to put more effort into bringing in cheaper players, who they think can contribute to the team long-term such as Hagelin and Panik, who were both locked up as the team believes both can contribute as middle-six players for a number of years.

Buyouts

None

Retained Salary Transactions

None

Still To Sign

None

Best Value: Wilson
Worst Value: Oshie

Looking Ahead

The Capitals are a team that have made it clear years ago that they were going for it. They succeeded finally, winning a Stanley Cup after the 2017-18 season. However, they looked just as formidable last year, despite a first-round exit in a grueling seven-game series against the Carolina Hurricanes. However, expectations continue to be high that this veteran laden club can continue to be one of the top teams in the Eastern Conference. With a number of their players already in their 30’s, the question will end up being how long can they keep this up? The team is capped out and will be for years to come, so they could lose quite a bit of talent over the next few years and with one of the weakest group of prospects in the league, the team will have to be quite clever with the cap to keep the team relevant.

Photo courtesy of USA Today Sports Images.

2019 Arbitration Figures And Results

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August 6th: All arbitration cases have now been completed. In total, six cases were decided by an arbitrator’s award this year. That number, though seemingly not many, actually presents a 50% increase over last summer and more than the past two off-seasons combined. Of those six decisions, the teams and players received the favorable decision an even three times apiece, and each award landed within $150K of the midpoint. All things considered, there were few surprises in arbitration, even though there were more awards than expected. Now the question is where the relationships between those teams and players go from here.

Originally published on July 19th: Friday marked the start of the arbitration season in the NHL, with Brock McGinn first scheduled for his hearing with the Carolina Hurricanes. The appointments will come fast and furious after that, with 23 cases left on the books. When we asked our readers how many would actually get to the hearing stage more than 36% of voters thought 3-4 was reasonable, the same number that reached last year.

We know now that at least one will, as Andrew Copp’s agent Kurt Overhardt told Ken Wiebe of the Winnipeg Free Press that their camp will “look forward to” the hearing scheduled for Sunday. Copp and the Jets exchanged figures earlier today. It is important to remember that the two sides can actually work out a deal in the short period after the hearing and before the actual decision is submitted by the arbitrator. For every case except Ville Husso, who the St. Louis Blues took to arbitration, the team involved will be allowed to choose the duration of the contract awarded. They can choose either one or two years, unless the player is only one year away from unrestricted free agency, at which point only a one-year deal is available.

Here we’ll keep track of all the hearings still on the books and the figures submitted. This page will be updated as the numbers come in:

July 20:

Brock McGinn, Carolina Hurricanes – Team: $1.75MM AAV, Player: $2.7MM AAV
Settled: Two years, $2.1MM AAV

July 21:

Andrew Copp, Winnipeg Jets – Team: $1.5MM AAV, Player: $2.9MM AAV
Awarded: Two years, $2.28MM AAV

July 22: 

MacKenzie Weegar, Florida Panthers
Settled: One year, $1.6MM AAV

Zach Aston-Reese, Pittsburgh Penguins
Settled: Two years, $1.0MM AAV

Ville Husso, St. Louis Blues (team-elected)
Settled: One year, two-way, $700K AAV

Christian Djoos, Washington Capitals – Team: $800K, Player: $1.9MM
Awarded: One year, $1.25MM AAV

July 23: 

Evan Rodrigues, Buffalo Sabres – Team: $1.5MM, Player: $2.65MM
Awarded: One year, $2.0MM AAV

July 24: 

Oskar Sundqvist, St. Louis Blues
Settled: Four years, $2.75MM AAV

Neal Pionk, Winnipeg Jets
Settled: Two years, $3.0MM AAV

July 26: 

Colton Sissons, Nashville Predators
Settled: Seven years, $2.86MM AAV

July 27: 

Sam Bennett, Calgary Flames
Settled: Two years, $2.55MM AAV

July 28: 

Mirco Mueller, New Jersey Devils
Settled: One year, $1.4MM AAV

July 29: 

David Rittich, Calgary Flames
Settled: Two years, $2.75MM AAV

Pavel Buchnevich, New York Rangers
Settled: Two years, $3.25MM AAV

August 1: 

Remi Elie, Buffalo Sabres
Settled: One year, two-way $700K AAV

Chandler Stephenson, Washington Capitals
Settled: One year, $1.05MM

August 2: 

Linus Ullmark, Buffalo Sabres – Team: $800K, Player: $2.65MM
Settled: One year, $1.33MM

Will Butcher, New Jersey Devils
Settled: Three years, $3.73MM AAV

August 4: 

Jake McCabe, Buffalo Sabres – Team: 1.95MM, Player: $4.3MM
Settled: Two years, $2.85MM AAV

Anton Forsberg, Carolina Hurricanes – Team: $700K/$70K, Player: $833K
Awarded: One year, $775K AAV

Sheldon Dries, Colorado Avalanche
Settled: One year, two-way $735K AAV

Rocco Grimaldi, Nashville Predators – Team: $700K/$70K, Player $1.275MM
Awarded: One year, $1MM

Joel Edmundson, St. Louis Blues – Team: $2.3MM, Player $4.2MM
Awarded: One year, $3.1MM

Capitals Re-Sign Chandler Stephenson

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7/27: Washington has confirmed the terms of the contract, highlighting his strong play in the postseason this year in their press release. This could be to build up excitement for a player the team feels still has room to grow into a regular contributor or, as some have speculated, could be a sales tactic for a player who may be on the chopping block for the cap-strapped Capitals.

7/26: The Capitals have avoided salary arbitration with winger Chandler Stephenson.  CapFriendly reports that Washington has signed him to a one-year, $1.05MM contract.  He was previously scheduled to go for his hearing on August 1st.

The 25-year-old was once again in Washington’s rotation of fourth line players last season.  He played in 64 games, recording five goals and six assists while averaging 12:07 per night.  Stephenson was a fixture on their penalty kill when he was in the lineup, logging 1:46 per game, good for the fourth-most among Capital forwards.  He also suited up in six of their seven postseason contests where he was held off the scoresheet.

With the Caps losing a bit of depth over the summer, Stephenson should have a chance to compete for a full-time roster spot in training camp which would go a long way towards boosting his value for next summer where he will once again be a restricted free agent with salary arbitration rights.

Washington now has some work to do when it comes to the salary cap.  They presently sit roughly $1.3MM over the Upper Limit (per CapFriendly) though they could cut into that deficit by carrying a roster size less than the maximum of 23.  As Stephenson was their final arbitration case, they’ll have a 48-hour buyout window open up on Monday although with the minimum salary requirement for a buyout being $3.45MM, it’s quite unlikely that they’ll be going that route.  Instead, GM Brian MacLellan will likely look to try to make a small trade to free up some cap room over the next couple of months.

Arbitration Notes: Departures, Capitals, Sabres

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It’s no secret that salary arbitration is not a friendly process. If a player does make it all the way through the hearing, that means that they’ve sat through a presentation by their own team about just how bad they are compared to other similar players. While teams and players often use the threat of the unknown of an arbitrator’s decision to move contract talks along, the potential unpleasantness of a hearing is also plenty of motivation to come to terms. Case in point: Colorado’s Sheldon Dries, who today settled on a one-year, two-way contract worth $735K. Dries’ contract comes in just $35K above the absolute worst possible outcome in an arbitration hearing, yet he opted not to argue his case in hopes of a better outcome. Why? Likely to avoid the breakdown in a relationship between he and the Avalanche if the hearing got ugly. It’s more common than it may seem – The Athletic’s Craig Custance crunched the numbers and found that the vast majority of players who go through an arbitration hearing end up leaving that team, one way or another.

Over the past ten years, 27 players have gone into a hearing. Not all of those players required an arbitrator’s award, but any resulting settlements still came after the unfortunate back-and-forth. Of those 27 players, Custance found that 14 were on new teams within a year and 21 were on new teams within three years. All of last summer’s cases – Winnipeg’s Jacob Trouba, Ottawa’s Cody Ceci, Calgary’s Brett Kulak, and Dallas’ Gemel Smith – are on new teams now. In fact, of the 27 players who have reached a hearing since 2009, no player before 2015 remains on the team that the faced off with and only four players since still remain on good terms with their club: Nashville’s Craig Smith and Viktor Arvidsson, Washington’s Braden Holtby, and Vegas’ Nate Schmidt. This all goes to show that arbitration can be a dangerous method of negotiating for teams, even if the goal is to settle before an arbitrator’s decision. The numbers convincingly imply that an arbitration hearing is the death knell for a player’s relationship with his team. As far as this off-season goes, this analysis doesn’t bode well for Andrew Copp and the Jets, Christian Djoos and the Capitals, and Evan Rodrigues and the Sabres, all of whom not only went to hearings already this summer, but whose awards all favored the team more so than the player. With ten potential cases still to go, there could be even more players who one day look back at this off-season as the beginning of the end.

  • The Capitals may very well end up back in front of an arbitrator before long, with a case against forward Chandler Stephenson scheduled for August 1st. Although the decision in the Djoos case – a $1.25MM award against a $1.35MM midpoint – favored the team, it still puts them in a difficult situation regarding the salary cap and eliminates some hope that a resolution with Stephenson could come prior to a hearing. Washington is currently more than $300K over the salary cap ceiling after signing Djoos. While young defenseman Jonas Siegenthaler can be returned to the AHL without the threat of waivers for a $714K drop to get under the cap, it would leave the Capitals with just six defensemen. All of Washington’s 14 NHL forwards, including Stephenson, would be subject to waivers, although the team would likely want to carry that many forwards anyway. It’s a difficult conundrum not made any easier by the unknown of Stephenson’s contract either. The 25-year-old forward recorded 18 points in 67 games in 2017-18 and another 11 points in 62 games this past season. He will likely seek a salary of $1MM or more, a number that Washington simply cannot palate. Asked who the team would choose if faced with a choice between trading away Djoos or Stephenson to open up cap space and roster flexibility, NBC Sports’ J.J. Regan did not hesitate to say that Stephenson would be the one dealt. Defense is in short supply for the Capitals and Djoos is a proven starter. Stephenson on the other hand would be an expendable piece in a deep forward corps. It may not matter though, as moving Stephenson alone is unlikely to be a sufficient answer to Washington’s cap troubles.
  • If you think the Capitals having two cases is bad, wait until you hear about the Sabres. Like Washington, Buffalo has already been through one hearing this summer with forward Evan Rodrigues, landing a $2MM award against a $2.075MM midpoint. It was somewhat of a surprising decision and may have given GM Jason Botterill and company some confidence moving forward. That could wind up being a problem for all parties involved, as three of the remaining ten scheduled cases are also Sabres players: forward Remi Elie, goalie Linus Ullmark, and defenseman Jake McCabe. If Buffalo goes to hearing with even one more of these players, never mind all three, it could be a bad look for the organization and could cause a breakdown in numerous player relationships. However, if the team continues to win their arbitration battles, it would be a major help this season, as the team has just over $3MM in cap space left to sign the trio. It’s a long-term risk for a short-term gain for the Sabres.

Poll: How Many Unresolved Arbitration Cases Will Require An Award?

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In the NHL, the salary arbitration process is more often used as a negotiating tool – an incentive to get a deal done before the uncomfortable setting of a hearing and the unknown of an arbitrator’s decision – than it is for its actual purpose. A vast majority of players who file for arbitration end up settling before their hearing or even at the last moment before an award is handed down. Last year, 44 players filed for arbitration and 40 settled prior to their hearing. The year before, all 30 cases were resolved before an arbitration award could be made.

So what about this year? There were initially 40 cases of player-elected arbitration and one case of team-elected arbitration (the St. Louis Blues and goalie Ville Husso), but that number is now down to 25 open cases. That’s a substantial drop-off, but time is running out for some RFA’s and their teams to come to terms, as the first scheduled hearing is set to take place on Saturday, July 20th. Listed below are all of the remaining cases:

July 20: Brock McGinn, Carolina Hurricanes
July 21: Andrew Copp, Winnipeg Jets
July 22: MacKenzie Weegar, Florida Panthers; Zach Aston-Reese, Pittsburgh Penguins; Ville Husso, St. Louis Blues; Christian Djoos, Washington Capitals
July 23: Evan Rodrigues, Buffalo Sabres
July 24: Oskar Sundqvist, St. Louis Blues; Neal Pionk, Winnipeg Jets
July 25: Jacob Trouba, New York Rangers
July 26: Colton Sissons, Nashville Predators
July 27: Sam Bennett, Calgary Flames
July 28: Mirco Mueller, New Jersey Devils
July 29: David Rittich, Calgary Flames; Pavel Buchnevich, New York Rangers
August 1: Remi Elie, Buffalo Sabres; Chandler Stephenson, Washington Capitals
August 2: Linus Ullmark, Buffalo Sabres; Charles Hudon, Montreal Canadiens; Will Butcher, New Jersey Devils
August 4: Jake McCabe, Buffalo Sabres; Anton Forsberg, Carolina Hurricanes; Sheldon Dries, Colorado Avalanche; Rocco Grimaldi, Nashville Predators; Joel Edmundson, St. Louis Blues

Given the time constraints and the complexity of each of these cases, how many will feel forced to go to hearing? Will Trouba be one of that select group, as he was last year? Will the Sabres struggle to settle four cases before their scheduled hearing dates? Will the Blues see through their team-elected case with Husso? Will other goalies prove to be difficult negotiations? And will polarizing players like Bennett and Buchnevich fail to find common ground with their teams? Or will it be under-the-radar players like Gemel Smith and Brett Kulak last year who go through the full process?

There are many questions left about this group of restricted free agents and time is running out before we know the answers. So the choice is yours: will we see an unprecedented class of arbitration awards or will all or most cases reach a resolution in the coming weeks?

[Mobile users click here to vote]

Washington Capitals Returning Nearly Identical Roster

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The biggest news out of Washington Capitals’ training camp is that there isn’t any news. As the defending Stanley Cup champs face the Boston Bruins in the second meeting of the two teams already this preseason, there simply isn’t much to watch for in terms of camp battles and roster spots. GM Brian MacLellan and the Caps front office succeeded in keeping their championship roster together as well as any Cup winner in recent memory and are prepared to go for another title in 2018-19.

Of the 25 players who took the ice in the postseason for the Capitals, 21 return this season. The glaring absence is obviously backup goaltender Philipp Grubauer, who was traded away to the Colorado Avalanche early this off-season. Another name who Washington fans were upset to see go was career Capital Jay Beagle, who signed with the Vancouver Canucks after ten seasons in D.C. Outside of that duo, the other two players who saw playoff action for the Cup winners were defenseman Jakub Jerabek, who played in two postseason games, and forward Alex Chiasson, who saw less than nine minutes of ice time in the playoffs. The team also lost regular season contributors Taylor Chorney, Tyler Graovac, and Anthony Peluso. 

When any team can return 21 players to a roster limited to just 23, the result of few departures is few opportunities in camp. Rather than sign or acquire a backup of similar pedigree to Grubauer to backup starter Braden Holtby, the team seems content to let veteran minor leaguer Pheonix Copley try his hand at the job. With only youngsters Ilya Samsonov and Vitek Vanecek, neither of whom have made an NHL appearance, also under contract, there really is not much of a competition to replace Grubauer. On the blue line, the top-four will line up exactly as they did in the postseason and Christian Djoos will pair with either his postseason partner, veteran Brooks Orpik – who was traded away and then re-signed this summer, or his frequent regular season partner, Madison Bowey. Orpik versus Bowey is one situation that could potentially be defined as a camp battle, although both are guaranteed roster spots. Up front, the top-nine is also locked in as the same group who dominated in the playoffs, leaving only fourth line and an extra skater spot or two up for grabs. The team has shown a commitment to Devante Smith-Pelly and Chandler Stephenson and the pair are almost certainly the energy liners on opening night. The one true position battle is at the final spot, where Travis Boyd and free agent addition Nic Dowd will fight it out to skate on that fourth line. The loser is likely to begin the season as an extra skater beside import winger Sergei Shumakov.

If you’ve been keeping count, that’s the entire roster: almost all familiar names and only one or two spots up for grabs. There won’t be many questions in need of answering out of Capitals camp, but the big question remaining is whether failing to insert some fresh legs or properly replacing Grubauer will come back to bite Washington in their attempt to repeat.

Salary Cap Deep Dive: Washington Capitals

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Navigating the Salary Cap is probably one of the more important tasks for any general manager to have. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2018-19 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.

Washington Capitals

Current Cap Hit: $78,400,961 (under the $79.5MM Upper Limit)

Entry-Level Contracts

F Jakub Vrana (One year remaining, $863K)

With the team trying to make a Stanley Cup run over the past few years and finally capturing one, youth is in rare supply in Washington as the team has made it clear that it prefers to play its veterans rather than risk mistakes from youngsters. The only player who is still on an entry-level deal is Vrana, who has had a turbulent career so far with the Capitals. After spending a couple of years in the AHL, he finally got a full season with Washington this year, but the former first-round pick was never able to secure a full-time role in the team’s top six as he bounced around on different lines all season. He finished the year with 13 goals and 27 points, but put up another three goals and eight points in the playoffs. He has a chance to take on a full-time role on the team’s second line this season and hopes for a breakout season.

Potential Bonuses

Vrana: $600K

Total: $600K

One Year Remaining, Non Entry-Level

F Andre Burakovsky ($3MM, RFA)
F Brett Connolly ($1.5MM, UFA)
D Brooks Orpik ($1MM, UFA)
F Devante Smith-Pelly ($1MM, UFA)
D Christian Djoos ($650K, RFA)
F Nic Dowd ($650K, UFA)
F Chandler Stephenson ($650K, RFA)
F Nathan Walker ($650K, RFA)
G Pheonix Copley ($650K, UFA)

The Capitals have only a few significant free agents for next season as many of their deals are league-minimum contracts, which is necessary considering the amount of money the team has expended in keeping their roster together. Perhaps the biggest name on their free agent list will be Burakovsky, who many thought might have a breakout season with a bigger role last year. However, Burakovsky’s numbers decreased as his season was plagued with injuries. His 12 goals and 25 points in 56 games was the worst since his rookie season. However, he did post six points in 13 playoff games. If he can stay healthy, the 23-year-old could provide the team with more offense.

Due to the Stanley Cup win, the team was able to find a way to bring back several key role players on cheaper deals. The team assumed they would lose Smith-Pelly to free agency, but the 26-year-old opted to return for another playoff run, while long-time Capital Orpik was traded away, waived and opted to return for another year.

Two Years Remaining

F Nicklas Backstrom ($6.7MM, UFA)
G Braden Holtby ($6.1MM, UFA)
D Madison Bowey ($1MM, RFA)
F Travis Boyd ($800K, RFA)

The team does have to worry about Backstrom in two years. The team’s No. 2 center is still posting excellent numbers as he tallied 21 goals and 70 points last season, the fifth straight season he’s reached at least 70 points. However, the team will have a tough decision to eventually make as the veteran will be 32 when he gets awarded a new contract, which can get into a dangerous area when players hit their early 30’s.

Holtby will be another interesting case. After temporarily losing his starting job to Philipp Grubauer for a few weeks near the end of the season due to poor play (2.99 GAA, .907 save percentage), Holtby snapped out of it and posted dominant numbers throughout the playoffs (2.16 GAA, .922 save percentage) showing he still has what it takes to be a top-of-the-line goaltender. While the 28-year-old should still be in his prime in two years, the team also has top goaltending prospect Ilya Samsonov arriving in North America this season. He’ll likely start the season in the AHL, but he will likely be ready to take the reigns once Holtby’s deal expires.

Three Or More Years

F Alex Ovechkin ($9.54MM through 2020-21)
D John Carlson ($8MM through 2025-26)
F Evgeny Kuznetsov ($7.8MM through 2024-25)
F T.J. Oshie ($5.75MM through 2024-25)
D Matt Niskanen ($5.75MM through 2020-21)
F Tom Wilson ($5.17MM through 2023-24)
D Dmitry Orlov ($5.1MM through 2022-23)
F Lars Eller ($3.5MM through 2022-23)
D Michal Kempny ($2.5MM through 2021-22)

The team decided more than a year ago that they were going for it, which worked out perfectly last season. The team has done a fantastic job locking up its core, although many of the pricetags are quite generous, which could come to hurt them. However, now that the team has won the Stanley Cup, the team is going all out to win another as the team has locked up all of their critical free agents this year, signing Carlson as a long-term answer as their top defender as well as locking in Wilson. That gives them a solid core for the next many years. That should give them two or three years to attempt to capture another title. However, eventually this team will be weighed down by these contracts, much like the Chicago Blackhawks, but Washington is focused on the future.

The team may be forced into handing out another long-term extension to Ovechkin in three years, depending on how the 32-year-old fares in three years, but the deal would unlikely be more than he is already being paid.

Buyouts

None

Still To Sign

None

Best Value: Holtby
Worst Value: Wilson

Looking Ahead

The Capitals are quite used to dealing with little to no cap space and will have to do that again for a number of years to come. However, the team has managed to keep not just the core of their team together, but have also managed to bring back multiple role players at bargain prices to keep this team at a Stanley Cup level. With new deals to players like Carlson and Wilson, should challenge for a few more years, but age and those long-term deals will eventually hold the franchise after that. However, the team has already proven that their tactics are worth it after winning it all last season.

Photos courtesy of USA Today Sports Images.

Nic Dowd Signs With Washington Capitals

at CDT | by 1 Comment

The defending champs add some depth. Versatile bottom-six forward Nic Dowd has signed with the Washington Capitals, according to The Athletic’s Michael Russo. The Washington Post’s Isabelle Khurshudyan reports that the deal is a one-year deal for $650K.

The Capitals targeted Dowd as the team must find a replacement for fourth-line center Jay Beagle, who signed a four-year, $12MM contract with the Vancouver Canucks. Ironically, Dowd is coming from Vancouver, suggesting the two players could switch places. However, Dowd is more of a fringe player, who has had trouble breaking into the NHL lineup. The hope is to use Dowd at center and keep Chandler Stephenson at the wing, rather than force him to move down to the fourth line.

The 28-year-old started the season with the Los Angeles Kings, but failed to crack their lineup. After playing in just 16 games, he was traded in December to Vancouver where he had more success. In Vancouver, he managed to appear in 40 games with the Canucks last season, but still just saw 10:32 of ATOI over the remainder of the season. He scored three goals with the Canucks and did not have an assist. His best season came with the Kings in 2016-17 season when he tallied six goals and 22 points.

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