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Hurricanes, Sabres Shopping Defensemen

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The Carolina Hurricanes were seeking a top-nine forward when they traded away long-time defenseman Justin Faulk this summer. However, the best return they could find was a prospect forward, Dominik Bokk, and another established defenseman in Joel Edmundson from the St. Louis Blues. Now, the Hurricanes are more or less back in the same situation, trying to deal from their blue line depth for help up front. Even after moving Faulk and Calvin de Haan in the off-season, the additions of Edmundson, Jake Gardiner, and Gustav Forsling has created yet another logjam on defense. TSN’s Pierre LeBrun reports that Carolina is calling around to other teams and shopping veteran Trevor van Riemsdyk, as well as 23-year-old Haydn Fleury, who is no longer waiver-exempt, in hopes of landing a scoring forward in return.

However, they aren’t alone. LeBrun’s colleague Darren Dreger reports that the Buffalo Sabres are also making calls to dangle defenders in anticipation of their team getting healthy. Dreger states that Zach Bogosian and Marco Scandella will make their returns “right around the corner”, but first Buffalo will need to clear space. The red-hot Sabres likely want to avoid a major shake-up, such as moving the now-content Rasmus Ristolainen, but also likely aren’t keen to move recent additions like Brandon Montour and Colin Miller. The team can demote Lawrence Pilut and even Henri Jokiharju, but will still need to make room on the blue line. Dreger states that Buffalo is hoping to land both a top-six and bottom-six forward, so trading away a John Gilmour won’t get the job done. Bogosian, Scandella, and Jake McCabe seem like the most likely to be dealt at this point.

So who could take advantage of a market flush with capable defenders? Top contenders like the Toronto Maple Leafs, Tampa Bay Lightning, and San Jose Sharks are all struggling defensively this season and have the depth of forwards to swing a deal. The Minnesota Wild are known to be open to moving several forward and could pursue a defenseman that they see as a long-term fit. The same could be said for other struggling teams, especially those with intriguing impending free agents, such as the Los Angeles Kings (Tyler Toffoli) and New York Rangers (Chris Kreider). The Hurricanes’ and Sabres’ competition to make a deal may even lower the acquisition costs for any interested teams. The trade market appears to be heating up early this season and the odds of a deal – or several – before the holiday trade freeze are high.

Snapshots: Sabres, Gardiner, Tkachyov

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Few have criticized the Sabres’ side of the recent Henri Jokiharju–Alexander Nylander trade, but it’s a fact that Buffalo is overflowing with defenders after acquiring the young right-hander from the Chicago Blackhawks. As Lance Lysowski of The Buffalo News’ points out, the Sabres still have needs to fill up front and they could use their defensive depth to do so. Lysowski writes that Buffalo has ample cap space to make an addition at forward, but there are few ideal candidates left on the free agent market and the team may as well use their surplus of blue liners to swing a deal. Jokiharju is safe, as are fellow recent additions Brandon Montour and Colin Miller and 2017 No. 1 pick Rasmus Dahlin. RFA Jake McCabe is not likely to be dealt, but a potential candidate and injury-prone Zach Bogosian and overpaid veteran Matt Hunwick might be hard to move. That would seemingly leave Rasmus Ristolainen, a fixture on the rumor mill, Marco Scandella, and Casey Nelson as the most likely names to be dealt and it would not be a surprise if more than one ends up elsewhere. The Sabres are certainly not done making moves this summer.

  • Of course, this makes Buffalo just one of a surprising number of teams not biting on Jake Gardiner this summer. PHR’s top-ranked UFA defenseman, Gardiner remains unsigned more than a week after the market opened. NBC Sports’ Scott Billeck reports that Gardiner is seeking $7MM annually in his next year, which is likely pricing himself out of the range that many D-needy teams are looking for. It’s hard to argue that Gardiner was not the best available defenseman when free agency opened, but he’s also not a top-pair defenseman by most metrics and teams aren’t willing to shell out right now simply due to a weak market. Billeck names the Winnipeg Jets as a team that could use Gardiner, but can’t afford him at his current asking price. The Montreal Canadiens, Detroit Red Wings, and his own Toronto Maple Leafs also fit that description. Billeck feels the New Jersey Devils could be the leading candidate to land Gardiner right now, but there really aren’t many clear fits for the defender at this time unless he changes his expectations.
  • Despite flirting with a jump to the NHL for several years, Vladimir Tkachyov has decided to re-sign in the KHL once again. SKA St. Petersburg has announced an extension with the young scorer. Tkachyov, 23, has been a solid offensive contributor for the past several years but the best may still be yet to come. The winger was acquired by SKA last month from Salavat Yulaev Ufa for the rights to Nikita Soshnikov, who has since signed in Ufa, and Tkachyov could be set for some career-highs with the perennial contenders in St. Petersburg. It is a two-year contract with SKA, so Tkachyov has a couple more years to further prove he is a formidable forward, and could very well drawn NHL attention once again in 2021.

Free Agent Focus: Buffalo Sabres

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Free agency is now just a few days away and there are quite a few prominent players set to hit the open market while many teams have key restricted free agents to re-sign. The Buffalo Sabres, now that they have inked Jeff Skinner to an eight-year, $72MM deal earlier this month, don’t have as much to worry about as the team has neither many important restricted or unrestricted free agents they need to worry about.

Key Restricted Free Agent: G Linus Ullmark – The Sabres may not have gotten the season they were hoping for from free agent goaltender Carter Hutton, but they also had high hopes for Ullmark to take the next step and establish himself as a solid backup to the veteran. However, whether that will be the case is another question. While Ullmark looked early on in the season like the answer as the team’s backup, his play started to slip as the year wore on and he struggled especially late in the season, eventually finishing with a 3.11 GAA and a .905 save percentage. However, with no other young goalie particularly close to being ready to challenge him, it’s likely the Sabres will give Ullmark another year to develop his body for the long-haul for the season.

F Zemgus Girgensons – While hardly an impact player, the Sabres have been using the 25-year-old as a bottom-line depth option for six years already as he provides the team with some size and grit that the team needs at the bottom of their line-up. While he hasn’t broken the 10-goal mark since the 2014-15 season (he scored five last year), he did finish with 144 hits last season, his highest numbers since his rookie season. The question is whether the team sees him as a long-term option as he is one year away from becoming a unrestricted free-agent.

F Evan Rodrigues – The team has like what it has seen from Rodrigues, who signed with Buffalo after four years at Boston University and has since worked his way through the AHL and finally saw a full season in Buffalo this year. While his numbers were quite pedestrian as he finished the year with nine goals and 29 points, he has seen increased playing time and the team hopes he can still provide some middle-six depth for the team, although he should receive a slight raise from the $650K that he made last season.

Other RFAs: F Remi Elie, F Johan Larsson, D Jake McCabe, F C.J. Smith

Key Unrestricted Free Agents: F Jason Pominville – He has played 11 seasons for Buffalo over the course of his career and despite hitting 36 years of age, the team may consider bringing back the veteran as an inexpensive depth option. After all, he posted 16 goals last season, while playing a career-low 12:28 last season. While he certainly wasn’t worth the $5.6MM he was making last season, he would be worth a low-cost deal, who could provide the team’s youth with a veteran presence.

Other UFAs: F Eric Cornel, F Kyle Criscuolo, D Jack Dougherty, F Taylor Leier, F Sean Malone, D Brycen Martin, F Matt Moulson, F Daniel O’Regan; D Matt Tennyson, G Scott Wedgewood, G Adam Wilcox

Projected Cap Space: The Sabres currently sit a little more than $15MM under the cap ceiling, according to CapFriendly, and should have some cap room to try to find some offense to help out their struggling second line. With the recent addition of defenseman Colin Miller from Vegas, the team should be in good shape with their defense, but the team’s biggest problem was putting the puck in the net, which the team hopes that it can improve on with the right roster moves.

Photo courtesy of USA Today Sports Images

Buffalo Sabres Acquire Colin Miller

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The Buffalo Sabres have acquired defenseman Colin Miller from the Vegas Golden Knights in exchange for a 2021 second-round pick (originally from St. Louis) and a 2022 fifth-round pick. Miller has three years remaining on his contract with a $3.875MM cap hit.

As the Golden Knights continue to try and get under the salary cap the 27-year old defenseman was the next likely candidate to be moved out after they traded Erik Haula earlier this week. That’s not necessarily because of his play though, as Miller has played quite well since arriving in Vegas through the expansion draft. In 147 games with the team he recorded 70 points, often from a booming slap shot either going straight in or providing rebound opportunities for his teammates. Originally a fifth-round pick in 2012 by the Los Angeles Kings, Miller’s ascension to legitimate top-four ability has been slow and steady but may receive its best opportunity in Buffalo.

Miller may well get a chance to play with Rasmus Dahlin next season as the young phenom continues his transition to a star in the NHL. Rasmus Ristolainen, Brandon Montour, Zach Bogosian and Casey Nelson all represent other right-handed options, meaning another move may be soon to follow for Buffalo GM Jason Botterill. For now though, their group already looks much improved from the one that started last season.

Vegas meanwhile will take the picks and run, happy to have gotten something in return for another cap dump. The team has young defensemen in Zach Whitecloud and Nicolas Hague pushing for an NHL opportunity, and could already probably afford to give Nate Schmidt even more responsibility. The question will be whether they bring back (or can even afford to bring back) veteran Deryk Engelland for another season, or just fill the remaining blue line minutes internally.

If this is the precursor to another move by the Sabres, they could be holding court in the next few days. The free agent defenseman market is razor thin (especially on the right side) and has already led several teams to pursue trade acquisitions instead. Miller joins a group of defensemen including Jacob Trouba, Matt Niskanen, Justin Braun, Radko Gudas, Olli Maatta, Calvin de Haan, Kevin Connauton, Gustav Forsling and of course P.K. Subban to be traded over just the last couple of weeks.

Renaud Lavoie of TVA Sports was first to report a deal was close, while Bob McKenzie of TSN reported the details of the return.

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.

Pacific Notes: Canucks, Eriksson, Miller

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While Vancouver hasn’t had a lot of success in the standings in recent years, they have managed to accumulate some depth along the way.  However, Canucks are now at the point where they need to clear out some of that depth, argues Sportsnet’s Iain MacIntyre.  With that in mind, he suggests that wingers Ryan Spooner and Tim Schaller could be buyout candidates when the window to do so opens up next month.  Spooner had a particularly rough season with just nine points in 52 games, hardly a good return on a $4MM contract.  Meanwhile, Schaller was expected to be a regular in the bottom six but wound up playing in just 47 games and had a minimal impact.

More from the Pacific:

  • Still with the Canucks, TSN’s Ray Ferraro speculates (audio link) that the Senators could be a team that has some interest in winger Loui Eriksson. While his $6MM AAV is a concern, he’ll only be owed $9MM over the final three years of his deal after his signing bonus is paid on July 1st.  For a team with a tight budget like Ottawa, that could certainly be appealing, especially since Vancouver would need to include a sweetener for taking the contract off their books.  Eriksson had 29 points this past season, his highest in three years with the team and indicated earlier this month that he and head coach Travis Green do not always see eye to eye.
  • With several significant contract extensions kicking in next season plus center William Karlsson being in need of a new deal, the Golden Knights are likely to move at least one regular player to free up some salary cap space. Jesse Granger of The Athletic suggests (subscription required) that defenseman Colin Miller makes some sense to move out.  Vegas has put together a decent group of prospects on the back end while Miller has been productive in his two seasons with the team.  He’s signed for three more years at a reasonable rate of $3.875MM so there should be several suitors if he’s made available.

Big Money Sits As Playoffs Begin

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The NHL playoffs kick off tonight with five games including three Western Conference battles. The top 16 teams in the league have spent months preparing for this moment, fine tuning their roster and lineup card to make sure they have the very best group available to them. With that in mind, this postseason is about to kick off with an incredible amount of salary sitting in the press box. Many of the teams about to take the ice have decided to do so without some big earners, instead using breakout performers that have overtaken their veteran counterparts. Let’s take a look at the expensive names (above $2MM cap hits) on the sideline:

Tampa Bay Lightning:

Ryan Callahan -$5.8MM cap hit
Braydon Coburn – $3.7MM cap hit

Who says it’s easy to coach the best team in the league? Jon Cooper has made some tough decisions for his opening lineup, sitting veterans in Callahan and Coburn. Both players were big parts of Tampa Bay’s 2015 Stanley Cup Final run but will now find themselves watching from the press box as the action begins. Jan Rutta and Mathieu Joseph will both be making their postseason debuts tonight against Columbus.

Columbus Blue Jackets:

Alexander Wennberg – $4.9MM cap hit

When Matt Duchene and Ryan Dzingel were acquired earlier this season the pressure was on for Wennberg to try and get back into the lineup, but it will be Alexandre Texier that pushes him out for the first game. Texier has made an impact on head coach John Tortorella in the first two games of his NHL career and will be jumping right into the fire against the Lightning tonight. The 19-year old forward scored a goal in his second NHL game and has shown a confidence beyond his years.

Pittsburgh Penguins:

Brian Dumoulin/Jack Johnson – $4.1MM/$3.25MM cap hit

It’s not clear if Dumoulin will be ready for tonight’s game, but if he is Jason Mackey of the Pittsburgh Post-Gazette tweeted that it would be Jack Johnson coming out of the lineup. The idea of sitting Johnson in the first game of the playoffs certainly wasn’t the plan when the Penguins signed him to a five-year deal last summer. To be fair, this is more a situation of having too many options for the Penguins, as they currently employ six defensemen all making at least $3.25MM. If Marcus Pettersson stays in the lineup, someone expensive is coming out.

New York Islanders:

Thomas Hickey – $2.5MM cap hit

Hickey missed a huge chunk of the season with injury and while he was gone Devon Toews made a name for himself on Long Island. The veteran defenseman will find himself on the outside looking in as the playoffs begin, but he’ll likely be the first man up if the team suffers an injury against the Penguins. At least Hickey won’t be alone in the press box, as Michael Dal Colle, Ross Johnston, Luca Sbisa and Dennis Seidenberg all worked as extras today.

St. Louis Blues:

Carl Gunnarsson – $2.9MM cap hit
Michael Del Zotto – $3.0MM cap hit

The Blues went out and added some depth to the back end at the trade deadline by acquiring Del Zotto, but won’t have him in the lineup tonight when they take on the Winnipeg Jets. He and Gunnarsson will be watching and waiting for their chance to help the team while 22-year old Vince Dunn makes his playoff debut. Dunn has turned into a top option for the Blues this season and will skate next to captain Alex Pietrangelo as they try to slow down the Jets attack.

Winnipeg Jets:

Nathan Beaulieu – $2.4MM cap hit

Just like the Blues, the Jets went out at the deadline and added a pair of depth options on the blue line to give them somewhere to turn if things go awry. Beaulieu will be a restricted free agent this summer and will have to hope for a chance to prove what he can do in the playoffs. The 17th-overall pick from 2011 has played only 17 postseason games in his career, and could potentially find himself without a qualifying offer after the season is over.

Dallas Stars:

Jason Spezza – $7.5MM cap hit
Valeri Nichushkin – $2.95MM cap hit
Jamie Oleksiak – $2.14MM cap hit

The Stars have the most money sitting on the sidelines out of any team in the playoffs, and a huge chunk of that is just Spezza. The 35-year old didn’t bounce back like many had hoped this season and scored just 27 points in 76 games. Combine that with his declining defensive game and you have a player that will have to watch and wait for his chance. At least Spezza scored at all this season, something you can’t say about Nichushkin. The return from Russia has not gone well for the 24-year old, who somehow went an entire season (57 games at least) without scoring a goal or committing a penalty.

Vegas Golden Knights:

Colin Miller – $3.875MM cap hit

Though it hasn’t been confirmed yet, David Schoen of the Las Vegas Review-Journal tweets that Miller looks to be a scratch on opening night. The 26-year old has 29 points in 65 games this season but could come out for Jon Merrill who has been used more and more over the last month by head coach Gerard Gallant.

Boston Bruins:

David Backes – $6MM cap hit

Backes hasn’t been what the Bruins were expecting when they signed him to a five-year, $30MM deal in 2016. The veteran forward’s offense has completely dried up and though he tried to reinvent himself this season as a physical force, the Bruins are going with a bit more speed and skill as they take on the Toronto Maple Leafs. Undrafted rookie Karson Kuhlman is expected to suit up on the right side of Jake Debrusk and David Krejci, a big step for a 23-year old forward who played just 11 games this season.

Calgary Flames: 

Michael Stone – $3.5MM cap hit

It’s a testament to just how quickly Rasmus Andersson has developed that a veteran option like Stone is on the sidelines to begin Calgary’s first-round series. The team put a lot of responsibility on Andersson this season and he has responded extremely well, putting him in line to be a top option for the team down the road. Stone meanwhile is just experiencing another setback in what has been a dreadful season, marred by a blood clot in his arm early in the year. He has played in just 14 games but will have to be ready to go if someone suffers an injury.

Snapshots: Sather, Miller, Gardiner

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The New York Rangers may be led by a new face at some point in the near future, as Bob McKenzie of TSN tweeted last night that Glen Sather could be stepping down as president. It apparently is Sather’s decision, and not one that is confirmed in any manner by the team so far. John Shannon of Sportsnet has also heard that the move will happen at the end of the year, and that Sather will stay on as an advisor.

Sather stepped down from the general manager role in 2015 when Jeff Gorton took over, but has still had an active say in the organization. It’s unclear how involved he would be after stepping down once again. Sather has been with the Rangers since 2000, three years after he was inducted into the Hockey Hall of Fame.

  • Vegas Golden Knights defenseman Colin Miller has been fined $2,000 for diving/embellishment. First given a warning following an incident on November 23rd, Miller was caught again embellishing a hook against the San Jose Sharks on March 30. While $2,000 doesn’t seem like a lot to fine an established NHL player, the punishment only goes up for more incidents, eventually affecting the wallet of the player’s head coach as well. Earning your coach a fine isn’t a very good way to get on the ice, something Miller will have to avoid in the future.
  • The Toronto maple Leafs will have a familiar face back in the lineup tonight as Jake Gardiner is expected to return after an 18-game absence. Gardiner took part in the morning skate and is technically a game-time decision, though was excited about his potential return. The veteran defenseman is an unrestricted free agent at the end of the season and has shown how important he is to the Maple Leafs just by missing time. The team has struggled in his absence and will hope he can get back up to speed quickly before their first round playoff series against the Boston Bruins next week.

Vegas Golden Knights Looking To Move Out Salary

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The Vegas Golden Knights have gone from an empty expansion team roster to a cap crunch sooner than anyone could have expected. The defending Western Conference champs are enjoying another strong season and made a major splash at the trade deadline, acquiring Mark Stone and subsequently signing him to an eight-year, $76MM extension. GM George McPhee made the move knowing that the majority of the roster was locked up through next season and beyond and he would not be forcing anyone out by adding a $9.5MM cap hit to the payroll; or so he hopes. The other side of that coin is the lack of free agents who could depart Vegas naturally this off-season leaves little cap flexibility for the one major extension the team needs to make: top line center and impending restricted free agent William Karlsson. 

Karlsson, 26, bet on himself this past year when he signed a one-year, $5.25MM deal with Vegas following a breakout 78-point campaign. He hasn’t quite replicated those numbers this season, but with 44 points through 71 games, Karlsson is on a 51-point pace and has at least proven that he is a reliable contributor and will almost certainly be able to command a raise in his next deal, which is likely to be a long-term pact.

The only problem is that CapFriendly currently projects Vegas to have negative cap space next season. Of course, this does not take into account a likely bump in the cap ceiling nor does it exclude the cap hit of the injured David Clarkson, but the Knights have joined the select few teams who are in a legitimate cap crunch, where the salary they need to add to complete their roster does not match up with the space they expect to work with. For now, McPhee is waiting to see what his options are before moving forward in talks with Karlsson. The Athletic’s Jesse Granger reports that the two sides have not talked contract yet and do not plan to until after the season. Even if early discussions go smoothly, that timeline almost assures that Karlsson will again file for arbitration and bad decision for the team side could cause major problems.

As a result, Granger expects the team to work quickly to move out salary this off-season. In addition to Karlsson, Tomas Nosek and Malcolm Subban are also restricted free agents, while veteran leader Deryk Engelland and goal scorer Brandon Pirri are among the UFA’s they might be interested in re-signing. It’s a group of players that each made no more than $1.5MM this season, but new deals even at those same values add up in addition to Karlsson’s demands. Granger expects the Knights to have $5.75MM in cap space, which is likely not enough to re-sign Karlsson, nevertheless these supporting pieces as well. The team could also use an upgrade at backup goalie, moving on from Subban for a more established piece.

So who could be on the move to help clear up space? Granger points to bottom-six forwards Ryan Reaves and Cody Eakin as the most likely trade casualties. Although Reaves is valued more for his checking game and willingness to defend his teammates, his nearly $3MM salary is hard to swallow given his paltry offensive contributions. Vegas could find a much cheaper option to fill Reaves’ role. Eakin is sixth in scoring for the Golden Knights this season, but is seemingly locked into a fourth-line center slot moving forward which doesn’t match up nicely with his contract of just under $4MM. Granger points out that both Reaves’ and Eakin’s contract expires after next season, so moving them may not be hard. However, McPhee could opt to deal from a greater position of strength: Vegas’ surplus of defensemen. The team could try to trade Colin Miller, who costs slightly more than Eakin against the cap and has taken a step back in his development this year. The 26-year-old is signed for three more years, but there are surely teams out there who would still be willing to take a chance on his upside. Other possibilities to clear cap space, albeit smaller amounts, are defenseman Jon Merrill and forward William Carrier.

Whatever McPhee decides to do, it is clear that he must move some salary out and the sooner the better once the off-season gets underway. The Golden Knights’ focus is elsewhere right now, but if this promising team is to keep their core together and continue their impressive start to the franchise, they need to do what it takes to keep Karlsson around long-term, even if it costs them in the short-term to do so.

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