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Vegas Golden Knights Shopping Max Pacioretty

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Perhaps spurred by the recent progress in getting the 2020-21 season up and running, the Vegas Golden Knights are back at it, working the phones in an effort to make a move to get salary cap compliant. Vegas is one of a number of teams currently over the salary cap upper limit and must shed some salary before play begins. However, the player that GM Kelly McCrimmon is allegedly pushing to other teams may come as a surprise. TSN’s Frank Seravalli reports that veteran forward Max Pacioretty has been the subject of trade talks this off-season, with those discussions picking up steam in recent days.

Pacioretty, 32, may be one of the older players on the Vegas roster but is still an elite scorer. The long-time Montreal Canadien was in fact the Knights’ leading scorer this past season, recording 66 points in 71 games for a career-high scoring clip. He added another eight points in the playoffs. In the two seasons since coming over from the Habs, Pacioretty has shown no signs of slowing down. His loss would be felt in a major way in Vegas, both on the ice and in the locker room.

However, Pacioretty’s $7MM, while commensurate to his production, is a massive weight on the Golden Knight’s salary cap. If the team were to move Pacioretty without retaining any salary, they would not only be under the cap ceiling but would have the flexibility to make an addition if they so desire. Seravalli mentions top available free agent Mike Hoffman or a reunion with Erik Haula as possibilities. One would also think that Pacioretty would still bring in a considerable return as well; he cost Vegas Nick Suzuki, Tomas Tatar, and a second-round pick just two years ago. However, in a definitive buyer’s market, McCrimmon would have to be careful not to give away Pacioretty for too little just for the sake of cap savings. The team was already lambasted for trading top defenseman Nate Schmidt for pennies on the dollar in order to facilitate the signing of Alex Pietrangelo. 

One other concern for the Knights’ brass is the locker room culture. There have already been reports of many players being unhappy with the frequent trades that the team has made and the perceived lack of loyalty toward the roster. The team has dealt Schmidt, Haula, Colin Miller, Cody Eakin, Malcolm Subban, Brandon Pirri, and Paul Stastny all in the past 18 months, leaving the young franchise with very little roster consistency. There are certainly some in the room who have to be unhappy to even hear the whispers of a potential Pacioretty move. Others in the media have noted that he is not the only name on the block either, with fan favorite Marc-Andre Fleury likely being floated again as well. Vegas must tread carefully when it comes to making any further moves and a Pacioretty trade in particular can only be made with a considerable return and a plan to replace him with the cap savings.

What Your Team Is Thankful For: Buffalo Sabres

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It’s Thanksgiving this week in the United States and the holiday season is right around the corner. Like the last few years, PHR will take a look at what teams are thankful for but this year comes with a bit of a change. Normally teams would have an idea of where their season was heading, coming up on the one-quarter mark with mountains of statistics to analyze. Instead, in this unprecedented year, the season hasn’t even begun. We’ll still take a look at what each group is excited about and what they could hope for once the calendar turns to 2021.

What are the Sabres most thankful for?

A deep forward group.

No longer are the Sabres putting all their hopes on youngsters. The team is suddenly loaded with established players who have proven themselves. To go with Jack Eichel, the team has added a number of key additions to go with solid playmakers as the team now boasts Eichel, Taylor Hall, Eric Staal, Sam Reinhart, Jeff Skinner, Victor Olofsson and a number of other players who can thrive in bottom-six roles like Kyle Okposo, Cody Eakins, Dylan Cozens, Casey Mittelstadt, etc. The depth at forward is a major improvement for a team that needs to score and this team should have that quality of depth that should be able to give Buffalo a chance to earn their first playoff appearance in nine years.

Who are the Sabres most thankful for?

Taylor Hall.

With the pandemic flattening out the salary cap for the foreseeable future, there weren’t too many long-term offers for Hall, the top free agent of the 2020 free agent class. Instead, Hall looked for a short-term deal from a team with extra cap room and surprised quite a few people when he picked the Sabres, due to the chance to play next to Eichel for the year.

The addition of Hall, totally enhances the team’s top-nine as he immediately will slot into the top line next to Eichel and will finally get a chance to play next to an elite center, something he hasn’t had in quite a number of years. The hope is that Hall can find his game from two years ago when he was the Hart Trophy winner with the New Jersey Devils, leading them single-handedly into the playoffs. If he can do that for the Sabres, Buffalo should have a legitimate chance to break their nine-year drought and Hall will establish himself again as the top free agent for 2021 in hopes of landing that big-term deal.

What would the Sabres be even more thankful for?

A return to form of Jeff Skinner.

After posting a 40-goal season in 2018-19 and signing a eight-year, $72MM deal, things never panned out after that for Skinner, who struggled mightily with just 14 goals and 23 points in 59 games last season. The forward was a disaster and found himself spending quite a bit of time on the third line trying to find his game. With seven years at $9MM AAV, the Sabres have to hope that Skinner will be able to bounce back and become that fixture on the second line that they were hoping for. The talent is there to surround the goal-scoring forward, but the team needs for him to execute, otherwise the team will be stuck with a player and a contract that they don’t want.

What should be on the Sabres’ Holiday Wish List?

The Sabres may be in need of help in goal. The Sabres have a solid offense and defense, but their goaltending could be what’s holding them back. The team can hope that Linus Ullmark is ready to take the starting load this season. He did produce impressive numbers with a .915 save percentage in 34 appearances, but is he the answer in net? Unfortunately, top goaltending prospect Ukko-Pekka Luukkonen, might not be ready for another couple of years, meaning the team may need to find a way to bring in a more proven goaltender that can handle big minutes.

Photo courtesy of USA Today Sports Images.

Sabres Sign Cody Eakin

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The Sabres had added some depth down the middle as Sportsnet’s Elliotte Friedman reports (Twitter link) that they’ve signed Cody Eakin to a two-year contract.  The deal carries a $2.25MM AAV.  TSN’s Darren Dreger adds (via Twitter) that Eakin will receive $2MM next season and $2.5MM in 2021-22.

After sending Marcus Johansson to the Minnesota Wild and letting Johan Larsson leave in free agency—Larsson signed a two-year, $2.8MM contract in Arizona earlier today—the Sabres will have quite a different looking group down the middle next season. Jack Eichel will obviously be the team’s first-line option, but Eric Staal and Eakin will now figure into the middle-six. Where that leaves Casey Mittelstadt isn’t clear and likely confirms what many expected, that Dylan Cozens will start his pro career on the wing (provided he cracks the Sabres roster out of camp).

Eakin is an interesting addition for the Sabres, but not one that comes with any sort of production guarantee. The 29-year-old center has experienced both excellent and terrible seasons over the last few years, alternating drastically between scoring levels. For three seasons with the Dallas Stars starting in 2013-14 he looked like a perfect secondary scoring option, registering close to 20 goals and 40 points each year. But then he fell off a cliff and scored just three goals and 12 points in 60 games during the 2016-17 season.

After a bounce-back in Vegas, many likely considered that 2016-17 season an outlier and his true potential had returned as a middle-six option. Unfortunately, Eakin’s play fell off a cliff again in 2019-20 when he scored just four goals and ten points in 41 games and was traded to the Winnipeg Jets midseason.  With Eakin not re-signing with Winnipeg, Sportsnet’s Ken Wiebe notes (Twitter link) that Vegas will receive a 2021 fourth-round pick from the Jets; had he re-signed, the pick would have upgraded to a third-round selection.

Frankly, it’s not clear what the Sabres are really getting in this deal. Though Eakin has shown an ability to contribute on offense and defense, his results at both ends of the rink have been inconsistent at best. Believing he will be a substantial upgrade over Larsson, who signed for less money, could be a mistake.

Winnipeg Jets Acquire Cody Eakin

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The Winnipeg Jets are bringing one of their hometown kids back to Manitoba. Cody Eakin has been acquired from the Vegas Golden Knights in exchange for a conditional 2021 fourth-round pick. Eakin is on the final season of a four-year $15.4MM contract and set to become an unrestricted free agent in July. The pick can become a 2021 third-round selection if the Jets make the playoffs or Eakin re-signs. Vegas will not retain any salary in the transaction.

Apparently, the Jets have decided not to follow in their yearly tradition of spending a first-round pick on a rental second-line center at the deadline. After acquiring Paul Stastny in 2018 and Kevin Hayes in 2019, Eakin comes this season to try and give them a little more depth at the position for a playoff push, even if he won’t be expected to serve in the same top-six role.

The 28-year old has shown he can perform offensively in the past, even as recently as the 2018-19 season when he scored 22 goals and 41 points for the Golden Knights. But that Eakin has been nowhere to be seen this year as his four goals and ten points match Adam Lowry’s disappointing totals for the season. Interestingly, Eakin and Lowry were teammates for a while with the Swift Current Broncos of the WHL and will get a chance to reunite in the Jets’ bottom-six down the stretch.

For the Golden Knights getting rid of Eakin’s contract was likely reward enough, making the conditional pick icing on the cake. The team wasn’t getting any production from the former Dallas Stars forward and needed room if they are going to activate Alex Tuch before the end of the year or make another acquisition. Nicolas Roy can slide into the lineup on a regular basis for the time being, while they grab another piece of draft capital to use in other discussions.

The Jets have assigned Andrei Chibisov to the minor leagues to make room on the roster.

Photo courtesy of USA Today Sports Images

Pacific Notes: Marleau, Sorenson, Eakin, Crouse

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The San Jose Sharks lost a key piece of their core this offseason when veteran Joe Pavelski signed with the Dallas Stars. The Sharks were looking to bring in some of their young prospects to fill the gaps on their team. However, it didn’t take long for San Jose to realize that those pieces might not be ready yet.

The team rectified that issue when it went out and inked former Sharks’ veteran Patrick Marleau to a one-year deal. The veteran immediately made quite an impact, scoring two goals in his return to the franchise. However, ESPN’s Greg Wyshynski writes that head coach Peter DeBoer felt that was a major need.

“One hundred percent. You’re not replacing Pav. But he’s definitely of that ilk,” said DeBoer, who said he had several conversations with general manager Doug Wilson after he was bought out by the Carolina Hurricanes this summer. “There was a commitment here to give the young guys an opportunity. The reality is sometimes it takes a bit longer.”

  • Sticking with the Sharks, Curtis Pashelka of the Mercury News reports that forward Marcus Sorensen, who has been out for the past two games with an undisclosed injury after taking a collision into the boards, could be ready to return to the lineup on Sunday against the Flames. Sorensen scored 17 goals last season and could help the struggling Sharks get back into the win column. The scribe also reported that defenseman Tim Heed is also close to returning, but likely won’t be available Sunday.
  • Vegas Golden Knights have activated center Cody Eakin as the team expects to insert the veteran into their lineup tonight, according to Las Vegas Review Journal’s David Schoen. The team is expected to have him step onto the third line with youngster Cody Glass moving to the wing. Eakin had a career-year last year, scoring 22 goals and 41 points last year. The 28-year-old has been out with an undisclosed injury that he sustained during the preseason.
  • NHL.com’s Alex Kinkopf writes that Arizona Coyotes forward Lawson Crouse remains day-to-day with an upper-body injury. The 22-year-old forward is expected to play today against Colorado. Crouse finished last season with 11 goals, 25 points and 288 hits.

 

Pacific Notes: Coyotes Offense, Eakin, Sheahan, Motte

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Having scored just one goal over their first two games, the Arizona Coyotes were definitely hoping for more offense after an offseason where they upgraded in major ways. Despite the slow start in the offensive end, head coach Rick Tocchet said he isn’t worried about the team’s offense yet, according to Matt Layman of AZ Sports.

“I’m not panicking. We’re a good hockey club,” Tocchet said. “These guys worked hard. These are winnable games. It’s a ‘woulda, coulda, shoulda,’ and I don’t play that game. But with a little bit of push here and there for some individuals, we could be 2-0. We need everybody to push a little bit harder, but I thought generally, the team played hard.”

One thing that Tocchet is happy with is the play of the team’s first line of Clayton Keller, Derek Stepan and Phil Kessel, who have already developed chemistry together. Against Boston on Saturday, Kessell and Keller each had five shots on goal each with several close goals. What the team needs to improve is the power play which is 0-for-3 this year and that same power play, coached by new assistant Phil Housley, is just 0-for-6 on faceoffs.

“We haven’t got much set up on the zone time,” Kessel said of the power play. “I mean if you can’t set it up, you’re not going to have much success. So we’ve got to get it set up and work for each other, and hopefully get it going.”

  • The Athletic’s Jesse Granger reports that the Vegas Golden Knights could get one of their injured players back soon. While he is not expected to play Tuesday against Boston, center Cody Eakin skated on his own. Head coach Gerard Gallant said that he could be ready to play after the Boston game. Eakin was expected to center the third line, but when he got hurt, the Golden Knights opted to keep Cody Glass on the roster and promoted him to the second line to center Mark Stone and Max Pacioretty, while shifting Paul Stastny to the third line. With everyone playing well, Eakin might be pushed down to the fourth line now.
  • The Edmonton Journal’s Kurt Leavins writes that the team has really missed center Riley Sheahan and the team is expecting the third-line center back in the lineup soon. With Sheahan out, Leon Draisaitl has had to take full penalty killing duties and has been averaging 26:26 of ATOI in the first two games, something that isn’t sustainable. However, once Sheahan returns, the team must decide whether to remove Colby Cave or Gaetan Haas from the lineup.
  • Postmedia’s Ben Kuzma writes that the Vancouver Canucks could get back forward Tyler Motte soon. The forward was seen practicing in a contact jersey Sunday. The 24-year-old scored nine goals and 16 points in 74 games last season and has provided solid depth on the team’s bottom-six.

Injury Updates: Gardiner, Vegas, Perry, Balcers

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It may take a little longer for Jake Gardiner to make his official Hurricanes debut.  The defenseman was believed to be ready to return just a couple of days ago but was held out of their final preseason contests and head coach Rod Brind’Amour told Chip Alexander of the Raleigh News & Observer (Twitter link) that Gardiner’s status is the most worrisome among their banged up players heading into Thursday’s opener.  While the exact nature of the issue hasn’t been disclosed, it’s worth noting that Gardiner battled back issues last season which likely was a factor in why it took until just three weeks ago for him to land a contract.

Other injury notes around the league:

  • Vegas will be without winger Alex Tuch for the start of the season. He suffered an upper-body injury partway through Friday’s preseason game and as a result, he’s listed as week-to-week, notes Ben Gotz of the Las Vegas Review-Journal.  That’s a tough blow for their attack as the 23-year-old was fourth on the Golden Knights in scoring last season.  Gotz also adds that center Cody Eakin is listed as day-to-day with an upper-body issue of his own.
  • Dallas winger Corey Perry was hoping to be available for the start of the regular season after fracturing his foot. However, head coach Jim Montgomery told Mike Heika of the Stars team website (Twitter link) that the veteran will be out for two more weeks.  This is Perry’s first season away from Anaheim after spending 14 years with them but he’ll have to wait a little longer to make his debut.
  • The results on the testing for Senators winger Rudolfs Balcers’ leg injury are in and Postmedia’s Bruce Garrioch reports that the youngster will miss the next month. He looked to have an inside track at a roster spot heading into training camp after spending the second half of last season with Ottawa but now, some time in the minors to get back up to speed seems like a probable outcome when he’s cleared to return.

Salary Cap Deep Dive: Vegas Golden Knights

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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.

Vegas Golden Knights

Current Cap Hit: $80,474,999 (under the $81.5MM Upper Limit)

Entry-Level Contracts

D Zach Whitecloud (one year, $925K)
F Cody Glass (three years, $863K)
D Nicolas Hague (three years, $791K)

Potential Bonuses:

Whitecloud: $850K
Glass: $850K
Hague: $133K

While there is no guarantee that any of these three will be on the roster when the season begins, all three are expected to see time with the Golden Knights this season and could find themselves with significant roles depending on how things shake out. Glass, the team’s biggest prospect, is finally turning pro and while the organization has said in the past that Glass needs a full year of AHL work, he may have proved himself after his junior season ended last year. The sixth-overall pick from the 2017 draft, tallied five points in six AHL regualar season games, but was also one of the team’s top players throughout the AHL playoffs as he helped lead the team to the Calder Cup Finals. He tallied seven goals and 15 points in 22 playoff games. That play suggests that he might be ready and will compete for an immediate chance on the team’s third line.

Hague and Whitecloud are expected to challenge for a spot on one of the open spots in Vegas’ defense. Both players had impressive seasons with the Chicago Wolves last season and might be ready to make an impact. The 20-year-old Hague scored 13 goals in his rookie campaign, while the defensive Whitecloud showed off some offensive potential in his first full season in the AHL.

One Year Remaining, Non-Entry-Level

F Cody Eakin ($3.85MM, UFA)
F Ryan Reaves ($2.78MM, UFA)
D Nick Holden ($2.2MM, UFA)
D Jonathon Merrill ($1.38MM, UFA)
F Tomas Nosek ($1MM, UFA)
G Malcolm Subban ($850K, RFA)
G Garret Sparks ($750K, RFA)
F Curtis McKenzie ($750K, UFA)
F William Carrier ($725K, RFA)
D Deryk Engelland ($700K, UFA)
F Valentin Zykov ($675K, RFA)

With their cap room extremely tight, there remains a legitimate possibility that the team may still make a trade and if that does happen, the player is likely to come from this list of players. Eakin, Reaves and Holden are not likely to return in a year and could be trade bait. Eakin is coming off a career-best season with 22 goals and 41 points, but assuming the team is healthier this year, will likely settle into a third-line center role this year unless Glass beats him out. However, with Eakin’s value at its highest, the team might be able to get the best return if they move him and his $3.85MM contract.

Reaves has become a fan favorite in Vegas, giving the team highlight reel hits and become a popular locker room presence. He also posted 305 hits for the Golden Knights. However, Reaves makes quite a bit of money for a player who produced nine goals and 20 points last season. With some young fourth-line players closing in on potentially replacing him, the team could find a taker in Reaves and his $2.78MM deal.

The team has been impressed with the development with Merrill, who was initially only looked at as an emergency defenseman, but really took that next step last season and has earned himself a full-time role with the possibility of even earning top-four minutes next season. Holden would be another option for the team free up cap room as the team signed him last summer to a two-year deal, but the veteran struggled to get consistent playing time and is on the outside looking in. The team might hope it can send Holden to a defense-needy team, but may be forced to bury him in the AHL if he can’t prove he belongs on the Golden Knights roster and with Engelland likely taking a lesser role at the bottom of the defense next season, it might be hard to win a spot.

The Golden Knights also have an interesting battle in net for the backup goalie spot after acquiring Sparks during the offseason from Toronto. While Subban is the likely candidate to keep the position, Sparks could provide some much needed depth in goal for the future if the Golden Knights managed to hold onto him. Sparks was a top prospect goaltender just a season ago, but struggled in his first full season in Toronto. However, the Golden Knights hope he can bounce back quickly.

Two Years Remaining

F Paul Stastny ($6.5MM, UFA)
F Brandon Pirri ($775K, UFA)

The team has been set up to provide a number of short-term deals at higher cost and Stastny is one of those who signed a three-year deal at a high AAV. Injuries limited the veteran to just 50 games last season, but when he played, he provided excellent playmaking on the team’s second line, scoring 13 goals and 42 points. If the 33-year-old can stay healthy this season, he could center one of the strongest lines in the league as he is one of the best playmakers who historically makes his line mates even better.

Pirri is an interesting addition. The 28-year-old showed off his scoring touch after being called up midway through the season. In just 31 games, he tallied 12 goals and 18 points, including a string of goals. Most expected the UFA to find a team that could offer him more playing time this summer. Instead he opted to remain and may get that playing time after the team decided to move KHL star Nikita Gusev to New Jersey this summer. Gusev had been penciled into the third line which now could fall to Pirri, who the team hopes can continue his scoring ways.

Three Years Remaining

G Marc-Andre Fleury ($7MM, UFA)
F Reilly Smith ($5MM, UFA)
D Brayden McNabb ($2.5MM, UFA)

While Fleury has been a stud since arriving from Pittsburgh in the expansion draft, the veteran goaltender is now 34 years old and has three years remaining on his deal. The Golden Knights have to hope that Fleury can continue playing at a high level for that time as they do not have a suitable replacement in the system at all yet and could find themselves in trouble in a few years if they can’t find a suitable player to step in and help take the burden from the netminder. With little faith early in the season in Subban, Fleury played in 61 regular-season games last season, his highest total since 2014-15. Subban did improve somewhat and played better in the second half, but it’s likely that Fleury will take on another significant load this season as well.

While 53 points may not be the type of numbers the team was hoping for from Smith, the Golden Knights know that Smith has proven to be a valuable commodity who is a key on the team’s penalty kill and is an excellent playmaker, especially when playing with the top line. McNabb has also been a key player under a cap-friendly deal who is playing solid minutes in the top-four, while providing excellent defense along with 200 hits last year.

Four Or More Years Remaining

F Mark Stone ($9.5MM through 2026-27)
F Max Pacioretty ($7MM through 2022-23)
D Nate Schmidt ($5.95MM through 2025-26)
F William Karlsson ($5.9MM through 2026-27)
D Shea Theodore ($5.2MM through 2025-26)
F Jon Marchessault ($5MM through 2023-24)
F Alex Tuch ($4.75MM through 2025-26)

It’s hard to believe, but after just two years, the team has its core in tact and locked up for a long time and should be Stanley Cup contenders for the next few years. Stone’s value has only increased in the last year as he completed the team’s quest to have two dominant lines. While the Golden Knights could alter their lines this season, Stone is expected to be a big piece and eventually the face of the franchise in Vegas after being acquired from Ottawa at the trade deadline and then signing a eight-year extension immediately after the trade and at $9.5MM, he may prove a bargain as the 28-year-old posted 33 goals and 73 points during the regular season, but really took off in the playoffs, putting up six goals and 12 points in seven playoff games.

While all the long-term deals look solid, if there is one to scrutinize even closer, it’s the four-year extension that Vegas signed Pacioretty to a year ago. That extension is kicking in this year, but the 30-year-old didn’t bounce back to his 30-goal ways that he had in Montreal in previous seasons. Pacioretty, who scored 30 goals five times in six straight years in Montreal, scored just 22 goals and 40 points in his first year in Vegas, but the team hopes they can get more out of him this year. He did show off more offense in the playoffs as well as he tallied five goals and 11 points in seven games.

The Golden Knights finally locked up Karlsson to a long-term deal, something both sides were hoping for and getting the forward to sign for under $6MM is impressive for the franchise. While the 24-year-old Karlsson saw his goal totals drop from 43 to 24 last season, a drop off was expected and the team believes that with two impressive lines, Karlsson should get more chances to score with less pressure from just top-line defenders.

Schmidt and Theodore should continue to develop and provide top-four defense for many years to come. Theodore in particular is only 24 years old and could break out and develop into a dominant defenseman in the next few years. Tuch took a solid step in his development, scoring 20 goals and 52 points in his second year and if the 23-year-old keeps improving, could be quite the bargain under $5MM in the future.

Buyouts

None

Retained Salary Transactions

F Tomas Tatar ($500K through 2020-21)

Salary Cap Recapture

None

Still To Sign

D Jimmy Schuldt (RFA)

The team might have to free up just a little extra to finally get Schuldt locked up for a number of years, but the top collegiate free-agent this offseason opted to sign with Vegas and could begin his career immediately. With attention from 29 of the 31 teams, many believe that Schuldt will get every opportunity to win a spot on the Golden Knights’ defense and could make his impact right away. After four years at St. Cloud State, he still will have to prove that he can beat out Whitecloud and Hague, but once the RFA signs, he could end up being a big piece to the team’s defensive outlook.

Best Value: Karlsson
Worst Value: Pacioretty

Looking Ahead

The Golden Knights general manager combo of George McPhee and Brad McCrimmon have done an amazing job of putting a team together quickly that is ready to compete immediately and have a chance to compete for many years. At the moment, the team has done a good job of locking up its core and while the team is right up against the cap, it does have a number of players making quite a bit of money while on short-term deals, which could allow the team to continue to upgrade to the team after those deals expire. Throw in a number of younger players who are getting closer and closer to being able to contribute, the team should be in solid shape for quite a while.

Photo courtesy of USA Today Sports Images.

Vegas’ William Karlsson Signs Eight-Year Extension

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Monday: The terms first reported by The Athletic’s Jesse Granger of an eight-year pact at a $5.9MM AAV has now been confirmed by the Golden Knights. Karlsson is now locked up through the 2026-27 season at what will be a bargain rate for Vegas if his production remains steady. In the meantime though, CapFriendly estimates that the signing puts the Knights $1.5MM over the off-season salary cap with several restricted free agents still in need of contracts. Vegas fans can celebrate the Karlsson contract now, but cost-cutting measures are coming soon.

Sunday: One of the most important offseason tasks that the Vegas Golden Knights and new general manager Kelly McCrimmon must deal with is trying to lock up restricted free agent forward William Karlsson to a new contract. It looks like that task is close to complete as TSN’s Pierre LeBrun reports that Karlsson is expected to sign an extension later this week and it is believed to be for eight years. TSN’s Bob McKenzie reports that the deal will be for just under $6MM.

LeBrun adds that while Karlsson was pushing for an eight-year deal, the Golden Knights were pushing to keep his AAV under $6MM.

The Golden Knights will have to find a way to unload some cap room as they are over the new $81.5MM cap, however for a period during the offseason, a team can exceed the cap by 10 percent, allowing them to go to $89.65MM if they need to. Regardless, they must unload some salary in order to lock up their own free agents, including Karlsson, KHL star Nikita Gusev, Tomas Nosek, Malcolm Subban and likely Deryk Engelland. The team has discussed moving several players to free up some cap space, including defenseman Colin Miller ($3.88MM AAV), center Cody Eakin ($3.85MM AAV), injured forward David Clarkson’s contract ($5.25MM AAV) and potentially moving Gusev as well.

Karlsson, who could have become an unrestricted free-agent had he opted to force arbitration and take a one-year deal, had made it clear that he has wanted to remain in Vegas, where he loves it. According to LeBrun, the eight-year term was the most important part of the deal. While it’s been clear that Vegas was just as interested in bringing back their top-line center, much of the issue of signing the 26-year-old to a long-term deal was how much to pay him.

Known as one of the Golden Misfits after Columbus left him exposed to the expansion draft after he tallied just 15 goals in two full seasons with the Blue Jackets, Vegas picked him up and he rewarded them by posting a 43-goal, 78-point season in the Golden Knights inaugural season that led them to the Stanley Cup Finals. However, the team was leery of those numbers, however, as Karlsson shot an unbelievable 23.4 percent, a number that wasn’t considered likely to be repeated. The team expected a drop off this year and it came as Karlsson’s numbers dropped to 24 goals and 56 points as his shooting percentage dropped as expected to 14.2 percent.

Regardless, Karlsson has become one of the key faces to the franchise and remains the team’s top center partnered with Jon Marchessault and Reilly Smith for two straight seasons and has always been considered a must-sign, although there has been little doubt that Vegas and Karlsson would get a deal done.

Golden Knights Notes: Salary Cap, Gusev, Gambling

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Trusted salary cap database CapFriendly has rolled over their site to the 2019-20 season already and one of the most eye-grabbing results is just how much trouble the Vegas Golden Knights are already in. Using a projected salary cap ceiling of $83MM, up $3.5MM from this season, at the top of the projected salary list is Vegas, who are already $125K over the cap with more than $83MM committed to just 19 players. A further inspection reveals that the Knights have just one goaltender, Marc-Andre Fleury, and six defensemen signed as of now, with no room to make any further additions. GM Kelly McCrimmon and company will have no choice but to shed salary this summer, at the very least just to re-sign restricted free agents like William Karlsson, Nikita Gusev, Jimmy Schuldt, and Malcolm Subban. Any free agent signings beyond that will require further sacrifice. Despite being just two years into their existence, Vegas has already accumulated an incredible amount of salary, mostly due to major contracts handed out to the likes of Mark Stone, Nate Schmidt, Alex Tuch, Shea Theodore, Max Pacioretty, Paul Stastny, and Fleury, all signed since this time last year. Golden Knights fans should be prepared for some tough moves, as solving this problem won’t be as easy as simply placing David Clarkson on the injured reserve. Inaugural Knights like Jonathan Marchessault, Reilly Smith, Cody Eakin, and Colin Miller are among the most likely casualties.

  • Even in the midst of his new team’s cap crunch, Nikita Gusev is expecting and hoping to re-sign with Vegas. Gusev, whose rights were acquired from the Tampa Bay Lightning at the 2017 NHL Expansion Draft, finally jumped to the NHL late this season after a decorated career in the KHL. The 26-year-old forward burned his one-year entry-level contract, despite not playing, and is now a restricted free agent. He tells Russian hockey source Sport-Express, as translated by The Sin Bin, that he likes Las Vegas and feels he owes it to the team to re-sign with them if made a reasonable offer. Gusev acknowledges that he will likely receive other offers, either from KHL clubs overseas or in the form of an NHL offer sheet, but he will wait for Vegas’ initial offer before making any decisions. What might it cost the Knights to retain their newfound weapon? The interviewer suggested to Gusev that a $4MM AAV could be the ballpark price and he did not disagree. He would only confirm that he expects a one-way deal, but did not talk specific finances. Overall, Gusev sounded very flexible about getting a deal done and even acknowledged that he would be open to playing in the AHL if that is what is asked of him. That seems like an unlikely route for Vegas to take, but Gusev’s attitude at least implies that this negotiation process and first full year in North America should go smoother than it did for Vadim Shipachyov. If (when) the Golden Knights are forced to sell off scoring this off-season, Gusev could be an ideal candidate to take on a major role next season.
  • Speaking at a conference today, NHL Commissioner Gary Bettman projected the successful growth of betting on hockey by using the Golden Knights as an example, per TSN’s Rick Westhead. In Nevada, where sports gambling is legalized, hockey bets grew by 60% in Vegas’ inaugural season and again by 40% this season. While Nevada, and Las Vegas in particular, is the unofficial gambling capital of the United States, the U.S. Supreme Court’s decision in Murphy v. NCAA last summer allows all states to decide for themselves whether or not to allow for legalized gambling. Many states already have sports books up and running and many more will soon follow. If the growth exhibited in Nevada in regards to betting on hockey is replicated by other states, it will be a key growth factor for the game and the NHL and one that Bettman will surely try to take advantage of as best he can.

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