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Who Will Be The NHL’s Next Highest Paid Player?

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Auston Matthews recent extension with the Toronto Maple Leafs has earned him the title of highest-paid player in the NHL. His new deal doesn’t kick in until 2024-25, but at that point, he will make an average annual salary of $13.25MM (CapFriendly) per season for four years. Prior to his new deal, Matthews was the fourth highest-paid player in the game behind Nathan MacKinnon, Connor McDavid and Artemi Panarin.

MacKinnon’s new eight-year $100.8MM deal kicks in this season which will make him the highest-paid player in the league at $12.6MM for this year. His actual salary is much higher than his cap hit at $16.5MM, but the final four years of his deal will back-dive to $9.9MM in salary. McDavid has three years left on his current deal with a cap hit of $12.5MM while Panarin’s deal also concludes in three seasons and pays him $11.642MM annually.

With Matthews having topped MacKinnon’s new extension by over $600K annually the question now becomes, who will be the NHL’s next highest-paid player?

Connor McDavid – McDavid is the obvious answer. He is arguably the best player in the game and undoubtedly the best player in the world with the puck on his stick. The Richmond Hill, Ontario native will be 29 years old when he reaches unrestricted free agency and could essentially ask teams for a blank check and fill in the maximum salary under the salary cap. That is if he remains the best player in the world. While it seems hard to believe there is a world in which McDavid isn’t the game’s most explosive player, three years is a long time, and in hockey, it can be an eternity. There is also another Connor who could be the one to top Matthews’ extension.

Connor Bedard – It seems crazy that Bedard has yet to play a minute in the NHL and he could conceivably be the next highest-paid player in the NHL. But it could happen. Bedard signed his three-year entry-level contract with the Chicago Blackhawks on July 17th and should be a lock to make their opening night lineup. He will become a restricted free agent in 2026, the same time that McDavid becomes a UFA. It is fair to wonder how Bedard will produce once he is playing against men in the NHL, especially given that he will be playing on a bad Blackhawks team that will have its struggles. But he dominated the WHL with 71 goals and 72 assists in 57 games and obliterated the competition at the World Junior Championships with nine goals and 14 assists in 7 games. He’s a phenom, and in three years he could be paid like one.

Leon Draisaitl – Draisaitl has been one of the best bargains in the NHL since signing his eight-year $68MM contract back in August of 2017. All he has done during his six years under this contract is score 50+ goals three times, top 100 points four times, and win a Hart Trophy as well as an Art Ross Trophy. At 27-years-old Draisaitl is coming off the best season of his career having posted 52 goals and 76 assists in 80 games.

All things considered, it seems likely that Draisaitl will top Matthews’ contract two seasons from now when he becomes an unrestricted free agent. The native of Cologne, Germany will be 29 years old, and the salary cap should go up substantially between now and then positioning him to cash in big with any team of his choosing. Draisaitl will likely hold onto that distinction for just one season as McDavid and Bedard will be following right behind him and could top Draisaitl to earn the title of the highest-paid player in the NHL.

Edmonton Oilers Rank Last In Salary Cap Rankings

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Daily Faceoff has ranked the Edmonton Oilers last in salary cap efficiency. This comes as no surprise after the website began its annual salary cap rankings list and after a deep dive into the numbers determined that there isn’t a team in a worse situation financially than the Oilers. It isn’t a shock given the Oilers current salary cap woes. The team finds itself with just 21 players on the roster and only $382,499 in cap space. Though finishing dead last on the list is new, Edmonton ranked second last in last year’s version of the list.

Daily Faceoff’s ranking system looks at no-move clauses, dead cap space, the quality of long-term contracts, bargain contracts, and the good deals versus the bad ones. Unfortunately, based on those criteria, it is easy to see why the Oilers find themselves at the bottom of that list. Edmonton has several problematic contracts on their books, and while they have some bargains like Leon Draisaitl, Connor McDavid, and Ryan Nugent-Hopkins. The bad deals outweigh the great ones.

Darnell Nurse is a really good defenseman; he eats a ton of minutes for the Oilers and plays a lot of tough situations. However, he does suffer a lot of mental lapses, and at $9.25 million a season, he just doesn’t bring the offensive upside you would like to see in a defenseman making that kind of money. Nurse is also likely to wear down as the miles pile up on his body. Those difficult minutes require that he play with a ton of physicality. It could take its toll on the 28-year-old when he gets on the wrong side of 30.

Some of the other bad contracts on the Oilers are goaltender Jack Campbell at $5MM per season as well as third-line winger Warren Foegele and third-pairing defenceman Brett Kulak at $2.75 million each. The contracts come in addition to the nearly $2MM per year the Oilers are still paying on the James Neal buyout.

On the surface, these contracts don’t look like outrageous overpayments because all the players listed above are still functional NHLers. However, in the flat cap era Campbell, Foegele, and Kulak are all replacement-level NHLers who could have been replaced by other players on contracts of less than $1MM per season. Couple that with the mishandling of Nurse’s previous bridge deals and it all amounts to around $10MM in inefficient salary cap spending that could lead to big problems for the Oilers down the road when they need to offer extensions to McDavid, Draisaitl, and Evan Bouchard.

Projecting Sidney Crosby’s Next Contract

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With Auston Matthews’ recent signing to a record-breaking contract, speculation has already started to ramp up as far as other soon-to-be elite free agents. While it is far too early for a lot of the chatter, it’s fair to wonder what kind of money these elite free agents will command when they come up for new deals. Connor McDavid was asked recently about it, and it is exactly what Dan Kingerski writes about in Pittsburgh Hockey Now. Kingerski wonders what type of contract Pittsburgh Penguins center Sidney Crosby will get when his contract ends in two years. The comparison isn’t a great one given that Matthews and Crosby are in wildly different places in their respective careers, however, it is a fair question to ask given that Crosby is still playing at an elite level despite being 36 years old, and he will be eligible for an extension in less than a year.

Crosby is entering the 11th season of a 12-year deal he signed back in 2013. At the time, the Cole Harbour, Nova Scotia native’s $8.7MM cap hit was a considerable discount to give the Penguins. It allowed the team to have the cap space to surround him with elite talent. It was also a huge risk from the Penguins’ perspective given that Crosby was coming off multiple concussions, including one that put him out of action for nearly a year. But the Penguins made the move, which paid off in spades as the team captured Stanley Cups in 2016 and 2017.

Crosby has given the Penguins a discount on every extension he has signed thus far in his career with both of his extensions coming with that $8.7MM cap hit. It has set the tone for Pittsburgh and allowed the Penguins to keep many of their stars under below-market contracts. For Crosby, he was always a team player but was also able to make nearly as much money off the ice as he did on it.

Pittsburgh fans and media have speculated about Crosby’s future since well before Matthews signed his extension and will likely continue to do so right up until he signs his next contract. But what might that look like?

It’s tough to project where Crosby’s game will be in two seasons, Crosby will be 38 years old by the time his next contract begins, however, NHL.com is projecting that Crosby will increase his point totals next season. Sid the Kid had 33 goals and 60 assists last season in 82 games and it’s hard to imagine him topping that at 36-years-old. But that is exactly what NHL.com is projecting he will do as they are predicting he will put up 102 points next season.

Whether or not Crosby hits that number is likely inconsequential when it comes to contract talks with the face of the Penguins franchise. Crosby has remained loyal to Pittsburgh and the Fenway Sports Group has remained steadfast in their desire to have Crosby, Evgeni Malkin and Kris Letang retire as Pittsburgh Penguins as evidenced by the long-term deals they gave Malkin and Letang.

Josh Yohe of The Athletic has said in the past that he believes Crosby wants to play until he’s around 40, which could make a two-year extension make sense. Under normal circumstances, a rising cap would lead a superstar like Crosby to ask for north of $10MM annually on an extension. However, given the past two extensions Sid has signed with Pittsburgh, Kingerski throws out an interesting number, $8.7MM per year.

Snapshots: McDavid, Kuznetsov, Matthews

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Connor McDavid and Auston Matthews will always be inextricably linked. They were selected with back-to-back first-overall picks by, as of now, the two best Canadian teams in the league. Therefore, it’s not surprising public discourse has shifted once again to McDavid’s future in Edmonton after Matthews signed his four-year, $53MM extension in Toronto yesterday.

Speaking with Sportsnet’s Mark Spector, when asked about a contract extension, McDavid said, “We’re super comfortable [in Edmonton],” but an extension is also “three years down the road. We’ve got to kind of see where our lives are at and kind of go from there.” He went on to re-avow his commitment to winning a championship with Edmonton’s core. While the tonality of McDavid’s statement may raise some eyebrows, it really shouldn’t – the Oilers’ superstar isn’t exactly known for his unfiltered approach to interviews. While there is always the chance McDavid departs in free agency should things in Edmonton go horribly wrong over the next few seasons, it’s far from becoming a likely scenario, at least at this stage.

More from the NHL today:

  • One surprisingly quiet storyline throughout the offseason has been that of Washington Capitals center Evgeny Kuznetsov, who the team confirmed had requested a trade earlier this summer. In an interview with NHL.com’s Tom Gulitti earlier this week, Capitals incoming head coach Spencer Carbery said he’s spoken with Kuznetsov multiple times this summer and “it sounds like there’s a real focus to his preparation for next season.” While it’s far from a confirmation he’s rescinded his trade request, Kuznetsov staying in the nation’s capital and returning to form could very well thrust Washington back into the thick of the Eastern Conference playoff race, something captain Alex Ovechkin would certainly love to see while he chases the NHL’s all-time goals record.
  • Matthews’ extension may be the richest per season of the salary cap era, but it still hasn’t surpassed McDavid’s deal as taking up the highest percentage of the salary cap when signed, Sportsnet’s Sonny Sachdeva points out. McDavid’s eight-year, $100MM deal, which kicked in for the 2018-19 campaign, took up a record 16.67% of the cap’s Upper Limit when it was signed in July 2017. Matthews’ deal, on the other hand, which carries an average annual value of $750K higher than McDavid’s, takes up 15.87% of the cap at the time of signing.

Pacific Notes: Karlsson, Kraken, Oilers

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Sharks defenseman Erik Karlsson has made it known he’d like to move to a team that has an eye on winning now.  But with four years left on his contract at a cap hit of $11.5MM, a trade is proving to be difficult to do.  In his latest piece for NBC Sports Bay Area, Sheng Peng examines another possibility for both sides, a mutual contract termination.  He’d be walking away from the remaining $39MM in salary but coming off a Norris Trophy-winning season, it stands to reason he could get a big chunk of that back over the next several seasons with a team that’s more of his choosing.  On the flip side, the Sharks wouldn’t get anything in return but would save a significant amount of cash that they’d otherwise be retaining to help facilitate a move.  It’s not the likeliest of options at this point but if a viable trade fails to materialize, perhaps it’s an option that is considered at some point.

More from the Pacific:

  • Seattle is one of the teams where the backup goalie is not yet set in stone for next season with veteran Chris Driedger set to battle the recently re-signed Joey Daccord for the spot. Geoff Baker of The Seattle Times suggests that the Kraken would be better off with Daccord in the second-string position from an organizational depth perspective since there’s much less of a risk of Driedger and his $3.5MM AAV being claimed than it is for Daccord and his $1.2MM price tag.  Daccord was the better of the two goalies with AHL Coachella Valley last season but Driedger’s NHL career numbers (2.45 GAA, .917 SV% in 65 games) are certainly better than Daccord’s (3.64 GAA, .884 SV% in 19 appearances).
  • Even with the salary cap expected to rise faster starting in 2024-25, it will certainly be difficult for the Oilers to keep both Connor McDavid and Leon Draisaitl in the fold. Postmedia’s David Staples posits that both middlemen – who could conceivably command the maximum 20% of the cap on their next contracts if they looked to get top dollar – might have to settle for something in the 14% range which, depending on how much the cap moves, could put their contracts both in the $12.5MM territory which is what McDavid is currently making.  Can a team with two deals at that price point still have enough depth to seriously contend?  That’s a question Edmonton certainly hopes they’ll have a chance to answer.  Draisaitl is signed for two more years while McDavid is under contract for three more seasons.

Examining Maple Leafs Bargain Bin Free Agent Targets

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Joshua Kloke of The Athletic wrote an article today highlighting seven bargain bin free agent targets that could help the Toronto Maple Leafs next season. The Maple Leafs currently sit about $2MM over the salary cap despite putting Jake Muzzin and Matt Murray on LTIR for next year, making it difficult to imagine Toronto doing much shopping in free agency unless they sign two-way deals or move out a contract. The names on the list were interesting, and certainly, they reflect the Maple Leafs’ salary cap predicament.

The most interesting name on Kloke’s list was three-time Stanley Cup champion Jonathan Toews. Much speculation has been made this off-season about the future of Toews as he has battled health issues the past few seasons and may be leaning towards retirement. Toews was effective last year, albeit in limited action as he dressed in just 53 games and put up 15 goals and 16 assists. The former captain of the Chicago Blackhawks doesn’t have much to play for at this point, but if he were to choose the Maple Leafs as a destination, he could slide into a similar role that Jason Spezza and Joe Thornton had when they arrived in Toronto a few years ago. Toews could be a very effective fourth-line center for Toronto even at this point in his career, but one must wonder if wants to.

Zach Aston-Reese was another name on the list and is coming off a season in which he scored a career-high 10 goals with Toronto. By all accounts, Aston-Reese was well-liked in Toronto and was effective for them in a fourth-line role. We profiled the Staten Island, New York native just days ago in our Free Agent Profile series and highlighted that the 28-year-old has some of the best defensive analytics in the league but offers very little offensively.

Another name on the list was a young reclamation project and that is 25-year-old Jesse Puljujarvi. The right-winger is coming off a very disappointing season in which he scored just five goals and was dumped by the Edmonton Oilers in a cap-cutting move last year. Puljujarvi has been a disappointment in his young career after getting drafted fourth overall in 2016. He has just 51 goals and 63 assists in 334 NHL games but is just a year removed from a 36-point season in 2021-22. The Maple Leafs would probably be a good landing spot for Puljujarvi as he could play in more of a sheltered role in Toronto and wouldn’t be relied upon to provide much offence. On the flip side of that, he struggled to play with skilled players like Connor McDavid, which leads to speculation about whether he’d be able to play with any of Toronto’s skilled forwards.

The most realistic target for the Maple Leafs on the list was center Derick Brassard. Brassard entered last season on a professional tryout with the Ottawa Senators and put up decent numbers in limited playing time. The 35-year-old had 13 goals and 10 assists in 62 games while averaging just 12 minutes of ice time per game. It’s possible that Brassard might also elect to retire, but he did express a desire to keep playing at the end of last year. He also enjoyed playing closer to home having grown up in Hull, Quebec, which is just across the river from Ottawa. Should Brassard want to stay close to family, Toronto would make sense. From the Maple Leafs’ perspective, there is no harm in bringing in a veteran like Brassard on a one-year deal for the league minimum. He would give them a scoring option in the bottom six who can fill in at center, and they could bury his contract in the minors without penalty should things not work out.

The other names on Kloke’s list were defensemen Ethan Bear and Scott Harrington, as well as forward Sam Gagner. Harrington is a former Maple Leaf and could offer some depth on the backend, while Bear is expected to miss a significant chunk of the year and would be a mid-season addition. Gagner could offer the Leafs some depth scoring on the fourth line and is close with John Taveres from their days playing in London. Perhaps a return home could be possible for the 33-year-old Gagner.

2023 NHL Awards Winners

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2023 The NHL Awards were given out tonight in Nashville. The ceremony kicks off what should be a busy week as teams continue to prepare for the NHL Entry Draft and free agency, which begins on July 1st.

Here is the full list of winners, with the top two runners-up in each category:

Calder Trophy – Top Rookie

Winner: Matthew Beniers (Kraken)

Runners-Up: Owen Power (Sabres), Stuart Skinner (Oilers)

Voting Results

Norris Trophy – Top Defenseman

Winner: Erik Karlsson (Sharks)

Runners-Up: Adam Fox (Rangers), Cale Makar (Avalanche)

Voting Results

Ted Lindsay Award – Most Outstanding Player (as voted by the players)

Winner: Connor McDavid (Oilers)

Runners-Up: Erik Karlsson (Sharks), David Pastrnak (Bruins)

Lady Byng Trophy – Most Gentlemanly Player

Winner: Anze Kopitar (Kings)

Runners-Up: Jack Hughes (Devils), Brayden Point (Lightning)

Voting Results

Hart Trophy – Most Valuable Player

Winner: Connor McDavid (Oilers)

Runners-Up: David Pastrnak (Bruins), Matthew Tkachuk (Panthers)

Voting Results

Vezina Trophy – Goaltender Of The Year

Winner: Linus Ullmark (Bruins)

Runner-Ups: Connor Hellebuyck (Jets), Ilya Sorokin (Islanders)

Voting Results

Selke Trophy – Best Defensive Forward

Winner: Patrice Bergeron (Bruins)

Runners-Up: Mitchell Marner (Maple Leafs), Nico Hischier (Devils)

Voting Results

Jack Adams Award – Coach Of The Year

Winner: Jim Montgomery (Bruins)

Runners-Up: Dave Hakstol (Kraken), Lindy Ruff (Devils)

Voting Results

Bill Masterton Memorial Trophy – Perseverance, Sportsmanship, and Dedication

Winner: Kris Letang (Penguins)

Runners-Up: Clayton Keller (Coyotes), Alex Stalock (Blackhawks)

King Clancy Memorial Trophy – Humanitarian

Winner: Mikael Backlund (Flames)

Runners-Up: Anders Lee (Islanders), Darnell Nurse (Oilers)

Mark Messier Leadership Award

Winner: Steven Stamkos (Lightning)

E.J. McGuire Award – Prospect Commitment to Excellence

Winner: Connor Bedard (Regina Pats, WHL)

 

Congratulations to all the winners and the nominees.

Connor McDavid Wins 2023 Ted Lindsay Award

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Connor McDavid has been named the recipient of the Ted Lindsay Award for the most outstanding player as voted on by the NHLPA. The award is unsurprising, given that McDavid ran away as the leader in almost every offensive category this season. McDavid posted 64 goals and 89 assists in 82 games this season as he led the league in goals, assists, and points. McDavid edged out Boston Bruins forward David Pastrnak and San Jose Sharks defenseman Erik Karlsson to win the award, the fourth of his young career.

More to come…

Ken Holland To Honor Final Season Of Contract

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Sportsnet is reporting that Edmonton Oilers president of hockey ops and general manager Ken Holland told the media that the long-time NHL executive intends to honor the final season of his five-year contract. Holland added that he isn’t sure how long he will stay in the role but he has unfinished business.

Edmonton has been a disappointment in each of the four seasons that Holland has been at the helm, they’ve qualified for the post season all four years, however they’ve only advanced past the second round once.  The Oilers had another strong regular season this year going 50-23-9, however they were ousted by the Vegas Golden Knights in the second round in six games.

Holland came into the organization with a lot of fanfare after leading the Detroit Red Wings to multiple Stanley Cups in his time in the motor city. However, in Edmonton he has been unable to build around the two best players in the game in Connor McDavid and Leon Draisaitl. Holland has never been able to solidify Edmonton’s goaltending which was once again a big part of their undoing in the playoffs. Jack Campbell was brought in from the Toronto Maple Leafs on a five year $25MM contract, but he failed to live up to expectations. Stuart Skinner was fine in the regular season but the young netminder crumbled under the postseason pressure and was yanked several times after putting up an .883 save percentage.

Edmonton has also struggled to build up depth scoring beyond their top six. McDavid, Draisaitl, Zach Hyman and Ryan Nugent-Hopkins did the heavy lifting this year, but the bottom six was a black hole. Warren Foegele but up 28 points in 67 games but beyond that there wasn’t much.

Holland will have his work cut out for him as he tries to give Edmonton another kick at the can. But given their lack of success in the postseason, fans are getting antsy as the Oilers enter the last couple years of McDavid and Draisaitl’s current contracts.

Edmonton Oilers Notes: Staios, Bouchard, Yamamoto

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Frank Seravalli had a lengthy discussion on the Daily Faceoff Rundown podcast about the future of the Edmonton Oilers. In the discussion Seravalli said he doesn’t expect huge changes on the ice, but he does believe that there will be changes to the management structure as they attempt to be “protective and proactive with Steve Staios.” Seravalli went on to say that the former Oilers defenseman is regarded in Oilers circles as being their general manager of the future and the club may want to shift their hierarchy to give Staios a bigger voice before another team scoops him up.

What that could look like remains to be seen, but Seravalli went on to say that he wouldn’t be surprised if the Oilers promoted current general manager Ken Holland to President of Hockey Ops which would allow Staios to shift over to Holland’s old job and preserve the teams already thin management group. Whatever management group is in place will have much work to be done this summer. The Oilers window for contention is beginning to close as superstars Connor McDavid and Leon Draisaitl inch closer to unrestricted free agency. Draisaitl has just two years left on his current deal and McDavid has three. If the Oilers don’t get over the hump soon, they could find it difficult to retain the franchise cornerstones.

In other Oilers notes:

  • Seravalli also spoke about the next contract for Evan Bouchard saying that he fully expects the Oilers to try and get the defenseman on a bridge contract due to their current salary cap predicament. The 23-year-old is coming off a good season in which he put up eight goals and 40 points in 81 regular season games, however in the playoffs the Oakville native exploded for 17 points in 12 games, including 15 points while quarterbacking the Oilers white hot powerplay. Seravalli wondered if a bridge contract would even be possible given how important Bouchard has been to the team since the mid-season Tyson Barrie trade. The advantage for the Oilers will be that Bouchard has no rights to arbitration at this time.
  • Seravalli and Jason Gregor spoke about the Oilers need to upgrade the right wing spot this summer. This was echoed by Daniel Nugent-Bowman of The Athletic who believes that top six winger Kailer Yamamoto’s poor play in the playoffs might have turned him into a trade candidate. Yamamoto is due $3.1MM next season and struggled in the playoffs putting up just a single goal and four points in 12 games despite getting a lot of top six minutes. The Spokane native wasn’t much better in the regular season putting up 25 points in 58 games, a steep drop from his career high of 41 points in 81 games in 2021-22.

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