Buyout Candidate: Conor Sheary
While the Lightning are the most successful franchise of the last 10 years, back-to-back first-round losses have them at risk of slipping into mediocrity. That’s exacerbated by a salary cap crunch this summer that, if not handled with care, could result in the loss of captain Steven Stamkos to free agency.
General manager Julien BriseBois has no intention of letting his team slip out of contention anytime soon. He’s already made one move to fill out his roster this summer, re-acquiring Stanley Cup champion defenseman Ryan McDonagh from the Predators shortly after both teams were eliminated from the playoffs.
Aside from Stamkos and future Hall-of-Famer Victor Hedman, the Bolts have much of their core signed long-term. Erik Černák, Anthony Cirelli, Brandon Hagel, Brayden Point and Mikhail Sergachev are all signed through at least 2030 with cap hits north of $5MM. Nikita Kucherov and Andrei Vasilevskiy have matching $9.5MM cap hits through 2027 and 2028, respectively. While it could likely change as the salary cap rises, none of them are significant bargains for what they’ve contributed the past couple of seasons, aside from Kucherov and Point.
The salary cap jumping to $88MM next season does offer BriseBois some much-needed flexibility, but they do still have just $5.335MM in projected space with at least three roster spots to fill if they want to have any sort of in-season wiggle room. Even with a significant discount, that’s likely not enough to sign anyone other than Stamkos, posing an obvious issue.
Tampa doesn’t have a recent history of buyouts, but it could be a decent last-ditch way to shed ill-advised cap hit allocation. In a piece for The Athletic on Monday, Harman Dayal and Thomas Drance name Lightning winger Conor Sheary a player to watch as the first window to buy out players, which opens 48 hours after the Stanley Cup Final ends, approaches.
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Often a strong secondary scoring threat throughout a 500-plus game career with the Capitals, Penguins and Sabres, Sheary became a UFA last summer. BriseBois pounced, hoping to add a cost-effective top-nine scoring option while inking him to a three-year, $6MM deal ($2MM AAV) with trade protection. The 32-year-old flamed out in Tampa, though, limited to just four goals and 15 points in 57 games on the year after scoring double-digit goals for the last seven years. He was a frequent healthy scratch near the end of the regular season and didn’t play at all in their first-round loss to the Panthers.
Sheary’s role was limited under head coach Jon Cooper. His 11:06 average time on ice was the lowest since his rookie season. There’s likely some bounceback potential there, as indicated by his career-low 8.0% shooting rate, but the risk of him declining further isn’t one the cap-strapped Lightning can afford to take.
Trading him and removing the final two years of his contract would be ideal, but a 16-team trade list complicates things. A buyout would at least reduce his cap hit from $2MM to $583K next season, opening up an additional $1.417MM in space, per CapFriendly. That’s easily enough to add a cost-effective depth option on the UFA market and opens up additional flexibility for a Stamkos extension.
The rest of the buyout isn’t awful, either. It would carry a $1.083MM hit in 2025-26, still saving the Bolts over $900K in the final season of his deal, before a sub-league minimum penalty of $583K in 2026-27 and 2027-28.
Injury Notes: San Jose Sharks, Conor Sheary, Timothy Liljegren
San Jose Sharks winger Alexander Barabanov returned to the team’s practice for the first time since his October 24th finger injury. Barbanov did not take part in line rushes during the team skate, suggesting that he still isn’t ready to return just yet. The Sharks were also without top winger Tomas Hertl at the Thursday practice. Hertl has been out of action since November 25th with a mid-body injury.
The loss of the wingers is a hit to the Sharks forward group. Hertl substantially leads the team in points, scoring four goals and 16 points through his first 21 games. Fabian Zetterlund, who has nine points in 22 games, ranks second on the team in scoring – significantly behind Hertl. And while Barabanov has gone without a point through the six games he’s managed this season, he did record 15 goals and 47 points in 68 games last year – adding 20 penalty minutes and a -30. His point totals ranked fifth on the 2022-23 Sharks.
Other injury notes around the league:
- Tampa Bay Lightning head coach Jon Cooper shared that Conor Sheary is working closer to a return. Tampa is gearing up for a six-game road trip that begins in Nashville and then takes the team across the Northwest, beginning on December 7th. Cooper said that Sheary will likely play at some point on the road trip, albeit likely one of the later games.
- Toronto Maple Leafs head coach Sheldon Keefe shared that Timothy Liljegren has returned to on-ice activities but isn’t yet close to a return. Liljegren has been out since November 2nd with an ankle injury. The 24-year-old defenseman has appeared in 10 games this season, notching one assist and a -1. He totaled six goals and 18 points in 67 games last season.
Tampa Recalls Waltteri Merelä, Places Conor Sheary on IR
The Tampa Bay Lightning have placed forward Conor Sheary on injured reserve and recalled Waltteri Merela back to the NHL lineup. Merelä was sent to the AHL on November 5th, after starting the season with the Lightning, but wasn’t able to play any AHL games before he rejoined the top club.
Sheary left the team’s Tuesday night game after being hit up high by a shot in the first period. It’s hard to tell where Sheary got hit, although it appears the injury could be in his wrist or hand. It’s officially being described as an upper-body injury.
Sheary has appeared in 13 games with Tampa Bay this season, tallying three points, four penalty minutes, and a -3. It’s his first year with the Bolts, after spending the last three seasons with the Washington Capitals. Sheary was brought into Tampa to serve as glue for the team’s top-nine, making his injury that much tougher to bear.
Merelä rejoins the Lightning in Sheary’s absence, after playing 10 games with the NHL club earlier in the season. Merelä went without a point in that span and recorded two penalties. The 25-year-old centerman is in his rookie NHL season, after signing with Tampa as an undrafted free agent out of the Liiga, Finland’s top league. He scored 33 points in 41 games with Tappara Tampere last year, serving as apart of the championship-winning roster. He will look to record his first NHL point now that he’s back with the NHL lineup.
Conor Sheary Leaves Game And Unable To Return
The Tampa Bay Lightning have announced that forward Conor Sheary left tonight’s game with what is being described as an upper-body injury. The 31-year-old was hit up high by a shot on his first shift of the game and remained on the bench. The puck may have hit Sheary on the wrist or possibly in the hand, however, it is difficult to tell from the video footage. Sheary did not come out to start the second period and a short time later the Lightning announced that he was done for the evening. There’s no information at this time on the severity of the ailment, or how long Sheary could be out of the lineup. At the moment he is listed as day-to-day.
Sheary signed a three-year $6MM contract in the offseason as a free agent and has struggled with his new team to start the year with just a goal and two assists in his first 12 games. The two-time Stanley Cup champion has been a good depth scoring option throughout his career and posted 34 goals and 46 assists over the last two seasons with the Washington Capitals in 153 games. Sheary was a big part of the Pittsburgh Penguins back-to-back Stanley Cup victories in 2016 and 2017 and appeared as though he could be a fixture in the top-6 for the future. However, as his career has gone on he has become more of a middle -6 option for teams.
If Sheary is unable to play on Thursday when Tampa Bay takes on the Chicago Blackhawks, then it is likely that Austin Watson will take his place. Watson has dressed in four games so far this season and has yet to register a point. The 31-year-old was a late signing after converting a PTO into a one-year deal with the Lightning. Watson won’t put up points at the same pace as Sheary, but he does add sandpaper and size to the team’s bottom six.
Tampa Bay Lightning Sign Conor Sheary, Four Others
The Tampa Bay Lightning are signing forwards Conor Sheary and Luke Glendening to bolster their bottom six, Sportsnet’s Elliotte Friedman reports. The team announced a three-year, $2MM per season contract for Sheary. Glendening’s contract is two years at $800K per season, according to the Tampa Bay Times’ Eduardo A. Encina. They’ve also added netminder Jonas Johansson on a one-year, league-minimum deal.
They’ve also signed 2016 first-round pick Logan Brown to a one-year, two-way $775k contract, as well as forward Mitchell Chaffee to the same deal.
Heading into today’s free agency, and with the cap space situation at hand for the team, these are exactly the type of moves that Tampa was expected to make. Sheary and Glendening ultimately improve the bottom six lines, while Johansson gives the team a quality third-string backup option.
With Sheary, the Lightning should get tremendous value out of this signing. Over the last two seasons playing for the Washington Capitals, Sheary has scored 34 goals and 46 assists in just under 160 games. He became an exceptional middle-six option for the Capitals and should do the exact same in Tampa Bay.
In Glendening, the Lightning had a player that will undoubtedly help with the team’s possession numbers. Over the course of his 10-year career, Glendening has averaged a 55.7% faceoff percentage, while averaging a whopping 58.9% with the Dallas Stars alone. Already garnering a defensive unit that is one of the league’s best at moving the puck, the team will benefit greatly from having Glendening take important faceoffs.
Next, Johansson gives the team insurance if one of their regular goaltenders goes down with an injury. Spending last season primarily playing for the Colorado Avalanche’s AHL affiliate, the Colorado Eagles, Johansson sported a .920 SV% and a 2.33 GAA, helping lead his team to the 2023 Calder Cup playoffs. The Lightning are still expected to sign a more stable backup behind Andrei Vasilevskiy for the 2023-24 NHL season.
Finally, Brown adds an intriguing former top prospect for the Lightning’s development team to get their hands on. Injuries have laid waste to Brown’s development path so far but he’s been a difference-maker at the AHL level and perhaps Tampa Bay thinks they can unlock some of his upside at the NHL level.
Capitals Notes: Laviolette, Oshie, Sheary, Smith
Tarik El-Bashir of The Athletic is reporting that the Washington Capitals are preparing for a potentially big offseason in which a lot of personnel decisions will need to be made. The Capitals missed the playoffs for the first time since the 2013-14 season and while much of their 2018 Stanley Cup championship roster has moved on, some very important pieces remain.
El-Bashir reports that there is no update on the status of head coach Peter Laviolette. The veteran coach is a free agent at the end of this season and would still be in demand should he or the Capitals elect to part ways and start fresh next season. It is believed that Laviolette still has the support of many of the veterans in the Washington dressing room, but the recent stretch of games would give anyone pause as the Capitals have seemed indifferent at times. Laviolette is in his third season as the Capitals head coach and is the eighth winningest coach in NHL history. The 58-year-old has led three different organizations to the Stanley Cup final in his career, including a Stanley Cup victory in 2005-06 with the Carolina Hurricanes. However, in Washington he hasn’t been able to get the Capitals back over the hump and out of the first round.
In other Washington notes:
- T.J. Oshie was shut down earlier this week with the same back injury that has caused him problems all season. Oshie missed a total of 22 games this year after dressing in just 44 games last season. El-Bashir writes in The Athletic that he is being told that Oshie shouldn’t require surgery on his ailing back and that he should be able to recover with rest and rehab. For his part the 36-year-old Oshie has seen his offensive production slide the last two seasons. He’s failed to reach 40 points two years in a row now after missing that number just once in the previous 12 seasons. Oshie can still score, evidenced by his 19 goals this season in 58 games, but Washington will be counting on him to stay healthy going forward, especially with two years left on his contract.
- El-Bashir also writes in The Athletic that he expects the Capitals to move on from Conor Sheary and Craig Smith. Sheary is in his third season with Washington and has been a good depth scoring option with 37 points in 80 games. His scoring is down from last year, but the 30-year-old two-time cup winner should find an NHL job for next season as a depth forward with speed who can chip in on offence.
- Craig Smith will also be looking for a new job this summer. The former Nashville Predator has seen his numbers fall off a cliff this season as he bounced between the Boston Bruins and Washington. The 2009 fourth round pick had topped 30 points in five straight seasons as a dependable third liner but hasn’t been able to duplicate that success this season. He is in the final year of a three-year contract he originally signed with Boston and will likely be forced to take a one-year deal around league minimum to secure an NHL job in 2023-24.
East Notes: Capitals, Puljujarvi, Bertuzzi
WonWhile the Capitals moved some of their pending unrestricted free agents and extended others, two players that are eligible to hit the open market didn’t move in winger Conor Sheary and defenseman Trevor van Riemsdyk. Speaking with reporters after yesterday’s deadline including NHL.com’s Tom Gulitti (Twitter link), GM Brian MacLellan indicated that they’d rather have the opportunity to try to re-sign the two moving forward compared to what they would have received for them in a trade. Sheary has 30 points in 63 games this season while van Riemsdyk has a career-high 18 points while logging nearly 19 minutes a night on Washington’s back end.
Elsewhere in the East:
- Hurricanes winger Jesse Puljujarvi will have to wait a little longer to make his Carolina debut. Pierre LeBrun of TSN and The Athletic reports (Twitter link) that the 24-year-old has an appointment for his work visa on Monday which means the earliest he’ll be able to suit up for his new team is Tuesday against Montreal. Puljujarvi has 14 points in 58 games this season and the Hurricanes are hoping that a change of scenery will make him more of a consistent contributor for the stretch run.
- Prior to moving him to Boston, the Red Wings touched base with Tyler Bertuzzi’s camp about a contract extension, GM Steve Yzerman told reporters including Kevin Allen of Detroit Hockey Now. However, those discussions didn’t go anywhere and with Detroit not wanting to run the risk of losing him in unrestricted free agency this summer, they turned around and dealt him, picking up a first-round pick in return.
Metropolitan Notes: Kuraly, Penguins, Sheary, MacEwen
The Blue Jackets announced (Twitter link) that they have placed center Sean Kuraly in COVID protocol which means he will not play tonight against Detroit. The team has been dealing with the virus lately with both head coach Brad Larsen and assistant coach Steve McCarthy entering the protocol late last month (they have since returned) while associate coach Pascal Vincent entered on Monday. Kuraly has had a good first season with his hometown team, posting career highs in goals (12), points (28), faceoff wins (580), and hits (216) over 72 games.
More from the Metropolitan:
- The Penguins will welcome winger Jason Zucker back to the lineup this afternoon as he has recovered from his knee injury, relays Matt Vensel of the Pittsburgh Post-Gazette (Twitter link). The veteran returned to the lineup at the end of March after missing more than two months following core muscle surgery but suffered the knee injury that very same game. It has been a frustrating year for Zucker to say the least as he has been limited to just 32 games, collecting just eight goals and six assists. Meanwhile, while winger Brock McGinn is getting closer to returning from the upper-body injury that has held him out for the last month, he isn’t quite ready to play just yet.
- Washington winger Conor Sheary will miss today’s game against Pittsburgh due to a non-COVID illness, notes Mike Vogel of the Capitals’ team website (Twitter link). He didn’t take part in Friday’s practice or travel with the team. Sheary has been a quality secondary scorer for Washington this season, collecting 35 points in 60 games.
- Flyers winger Zack MacEwen has been cleared by team doctors but will need some time before rejoining Philadelphia’s lineup, mentions Olivia Reiner of the Philadelphia Inquirer (Twitter link). He last played last weekend and suffered a head injury in a fight. He has seven points and 101 penalty minutes in 66 games this season.
COVID Notes: Halak, Sabres, Connolly, Sheary, Oilers, Stutzle, Sillinger
The Canucks announced (Twitter link) that goaltender Jaroslav Halak has been placed into COVID protocol. The veteran was set to get the start for today’s game against Carolina but instead, that will go to Thatcher Demko with Spencer Martin coming up from the taxi squad. Halak has made just eight appearances this season and has a $1.25MM bonus pending when he gets to his tenth. He’ll now have to wait a little longer to get that bonus, one that has recently landed himself in trade speculation as well.
More COVID news from around the NHL:
- Sabres winger Tage Thompson and center Peyton Krebs have both cleared COVID protocol, notes Bill Hoppe of the Olean Times Herald. Thompson will suit up tonight in Detroit while they will take it a little slower with Krebs and re-assess his status on Sunday.
- Blackhawks winger Brett Connolly has entered COVID protocol, relays John Dietz of the Daily Herald (Twitter link). The veteran has only played in four games with Chicago this season and has spent most of the year in the minors. Defenseman Ian Mitchell was recalled from AHL Rockford just a day after being sent down.
- The Capitals announced (Twitter link) that winger Conor Sheary has been placed in COVID protocol. The 29-year-old has impressed in his second season in Washington, notching ten goals and nine assists in 31 games, good for third on the team in goals.
- The Oilers have taken wingers Warren Foegele and Tyler Benson plus defenseman Slater Koekkoek out of COVID protocol, mentions Sportsnet’s Jack Michaels (Twitter link). With those activations, Edmonton – who last played on January 5th – will be able to dress 18 skaters against Ottawa tonight.
- The Senators announced (Twitter link) that they have removed winger Tim Stutzle from COVID protocol. The just-turned 20-year-old has had a bit of a quieter sophomore season than expected, collecting five goals and ten assists in 29 games.
- The Blue Jackets have placed center Cole Sillinger in COVID protocol, per a team release. The rookie has held down a regular spot in the lineup with Columbus this season, notching 13 points in 35 games. Liam Foudy has been recalled from the taxi squad to take Sillinger’s place on the roster.
Washington Capitals Extend Conor Sheary
The Washington Capitals have signed Conor Sheary to a two-year extension, keeping him in the organization after a strong season. The deal will carry an average annual value of $1.5MM. Sheary is a pending unrestricted free agent after signing a one-year, $735K deal with the Capitals in late December.
It’s been a very interesting career for the 28-year-old winger. Undrafted despite dominating the Massachusetts prep scene, the 5’9″ forward went to UMass-Amherst and just never stopped scoring. In 138 NCAA games he scored 38 goals and 104 points, but was still overlooked and ended up signing an AHL deal with the Pittsburgh Penguins affiliate for the 2014-15 season. When he dominated the minor leagues, there was no overlooking him anymore. Sheary signed his entry-level deal with the Penguins in 2015 and quickly became a regular, impact player on a team that won back-to-back Stanley Cup titles.
Then, in 2018 he was traded to the Buffalo Sabres as part of a salary dump and basically forgotten, watching his production decline like so many others for the struggling franchise. By the time he reached unrestricted free agency again last offseason, the $3MM salary he had been earning seemed like a huge overpay. Enter the Capitals, who brought him in for just a little over the league minimum and guaranteed very little to the undersized forward. As Washington head coach Peter Laviolette told reporters including Tom Gulitti of NHL.com just today, Sheary has been an excellent addition to the team:
I think everybody really admires & respects the way he went about his work this year. He doesn’t make any noise. He just competes really hard out on the ice and put himself in a position where you want him out there a lot in different situations.
Whatever line he goes to, I think he helps make it a better line. Right now, he’s in a real good place with regard to his game and confidence and it shows by the way he’s playing.
With 11 goals and 19 points in 40 games, Sheary has been the ideal role player for the Capitals. The fact that he brings a wealth of playoff experience—61 games already in his five-season career to this point—only adds to the value he holds for Washington. The team obviously believes so as well, inking him to a reasonable multi-year extension well before he hits the open market.
Elliotte Friedman of Sportsnet broke news of the contract on Twitter.
More to come…