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Snapshots: LTIR, Burdasov, Cohen

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The Toronto Maple Leafs are one of the most financially-powerful organizations in the league, backed by multi-billion dollar companies with one of the strongest markets in North America. They’ve used that financial might in past decades to buy up expensive, high-profile talent from around the league but have little to show for it in terms of team success. Since the salary cap was introduced they’ve tried to find creative ways to get an advantage, most notably with their use of long-term injured reserve and acquiring players like Nathan Horton and David Clarkson who were never expected to play again.

Now with Clarkson and Horton’s contracts expiring, Frank Seravalli of TSN suggests that the Maple Leafs could be on the lookout for some new dead money to give them extra cap flexibility next season. He breaks down five options the team might go after but notes that Ryan Kesler’s contract may be the most suitable. Kesler underwent major hip surgery last year and is unlikely to play again, but still has two years remaining on his contract with the Anaheim Ducks. As Seravalli reports, 80% of the salary owed to Kesler is covered by insurance but the veteran forward still carries a cap hit of $6.875MM.

  • For the last several years there has been talk of Anton Burdasov considering a transition to the NHL, with the Russian forward even signing a professional tryout with the Edmonton Oilers last summer. Burdasov was apparently only interested in a one-way deal, something that he didn’t receive with the Oilers at the time. It looks like that opportunity won’t be coming anytime soon, as the 29-year old just signed a new two-year contract in the KHL.
  • After a report surfaced earlier this week that Ahron Cohen had left the Arizona Coyotes, the team officially announced their “mutual” parting today. Cohen was the team’s president and CEO but was hired long before new owner Alex Meruelo took over the organization. The announcement includes that the Coyotes “will immediately begin a search to fill the role of president and CEO.”

Vegas Golden Knights Trade David Clarkson, Sign Deryk Engelland

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The Toronto Maple Leafs have acquired the contract of retired forward David Clarkson from the Vegas Golden Knights. The deal will see Garret Sparks go to the Golden Knights while Toronto will also receive a 2020 fourth-round pick. Clarkson has one year remaining on his contract and carries a $5.25MM cap hit. He will spend the year on long-term injured reserve. With the extra space, the Golden Knights have re-signed Deryk Engelland to a one-year $700K contract that also includes up to $800K in performance bonuses.

A deal like this appears confusing on the surface, given Toronto’s cap crunch and the fact that they still need to sign Mitch Marner. The most likely reason for it though is that the team is already planning on going deep into LTIR with Nathan Horton’s contract (and perhaps Zach Hyman and Travis Dermott who are both on the shelf to start the year following various surgeries) and can use the Clarkson deal to go even further. This is not necessarily the case for the Golden Knights, who were well over the cap before moving Clarkson and needed to shed salary before the end of the offseason. Technically the Maple Leafs could wait until the first day of the season to sign Marner, avoiding offseason LTIR (which has a slightly different calculation for how much is added to the cap ceiling) in order to open enough room. Clarkson and Horton have a combined $10.55MM cap hit which, depending on how close the Maple Leafs can get their roster to the current $81.5MM salary cap ceiling, would be added on top to give them a new ceiling of ~$92MM.

Clarkson only has $1MM of actual salary remaining on his contract, but was making things much more difficult for the Golden Knights as they approach the season. If they can avoid it, it is almost always better for a team to not be using long-term injured reserve space as it can cause huge roster issues if you get into injury trouble and has the potential to cause cap overages from performance bonuses. By moving Clarkson, the Golden Knights are actually now projected to be a little more than $1MM under the cap ceiling, though they still have Nikita Gusev to sign (or trade).

Vegas also adds Sparks in the deal, giving the team a legitimate third (or perhaps second) option in net behind Marc-Andre Fleury and Malcolm Subban. The former AHL Goaltender of the Year has just a $750K one-way contract, making him more than affordable if the team decides Subban is not up to the task or someone suffers an injury. Sparks has played in 37 NHL games, recording an .898 save percentage. His numbers in the minor leagues though are spectacular, meaning he may have more to give at the highest level. The 26-year old goaltender will be an unrestricted free agent next summer and the Maple Leafs had seemingly moved on by re-signing Michael Hutchinson and bringing in Michal Neuvirth on a professional tryout.

Interestingly, a deal like this may not only open up enough room for Marner to sign. Depending on what the Maple Leafs do, they may be able to clear enough space to fit in Jake Gardiner, who remains unsigned despite coming into the offseason as arguably the best defenseman in unrestricted free agency. Gardiner has indicated his desire to stay if possible, though obviously nothing is official at this point.

Basically, the Maple Leafs admitted to themselves that they would need to use long-term injured reserve once again this season and have pushed even more chips to the middle. This kind of a move is only possible because Auston Matthews has now graduated out of his entry-level deal, which brought with it the opportunity for millions of dollars in performance bonuses. It’s important to note though that this is not just free cap space, but an intricate transaction that requires the team to be very careful with how they use their roster throughout the season. The Maple Leafs can afford to do things like this because of the organization’s financial might, an advantage some other teams do not have.

Latest On Nikita Gusev And The Golden Knights

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A player who a few short months ago was simply excited to finally be in North America and looking forward to playing for the Golden Knights is now in the middle of a high-pressure negotiation that could force him to be traded for the third time before even making his NHL debut. Nikita Gusev finally made the jump this spring after a phenomenal KHL career and the Russian forward was hoping to take the next step of his career with Vegas. However, the 27-year-old scorer also sought fair value, burning his entry-level deal to negotiate a fair contract. The problem is that the Knights lack the space to meet even modest demands, currently over the cap and with other players to sign. The question now is whether Gusev becomes a casualty of the cap crunch or whether Vegas is willing to move other pieces to retain him.

The Athletic’s Jesse Granger reports that the Golden Knights and Gusev’s camp are currently $2MM apart in terms of AAV on a new contract. Gusev has long been rumored to be seeking at least $4MM annually, while Granger believes the offer on the table is two years at $2MM. Granger estimates that Vegas has just over $2.5MM of cap space to work with after moving David Clarkson to the LTIR, if they make no other moves. However, Gusev is not the only player in need of a new contract, as backup goalie Malcolm Subban, standout collegiate defender Jimmy Schuldt, and potentially veteran leader Deryk Engelland are all in need of extensions. Even if Gusev were to accept the current offer or potentially even if he were to be traded, the Knights would still need to make a move to clear out cap space, so another deal is nearly unavoidable. Granger wonders if the hold up in negotiations is simply the calculus of who Vegas would have to move out to meet Gusev’s demands.

The longer that talks drag on, the more likely a Gusev trade becomes. The dynamic winger is not without fans around the league who would be willing to take a chance at his current asking price. The Hockey News’ Steven Ellis names five teams that have both the interest and the means in cap space and trade capital to acquire Gusev: the Montreal Canadiens, New Jersey Devils, Columbus Blue Jackets, Ottawa Senators, and Edmonton Oilers. Unsurprisingly, three of those five teams – Ottawa, New Jersey, and Columbus – are among the bottom five in the league in payroll and would have no concerns about paying Gusev. Montreal just took a big swing and miss at Sebastian Aho on an offer sheet, so they’re clearly willing to pay up for scoring as well. Edmonton would be a tight squeeze, but the Oilers could desperately use more forward talent to surround Connor McDavid. Ottawa could be most appealing to Gusev if he want to become a team’s centerpiece and boost his public image, while the upstart Devils may be his best chance at winning a Stanley Cup as soon as possible. However, Gusev’s preferences will matter little to Vegas if they do choose to move him, likely opting for the best package of picks and prospects they can find.

A resolution won’t be easy to come by, although both Granger and Ellis agree that the Golden Knights would be better served by keeping Gusev. If the team can figure out their cap situation, perhaps by moving the contracts of non-core players like Ryan Reaves and Nick Holden or Jon Merrill, then keeping Gusev is the ideal move given his ceiling and the potential for Vegas to have the most formidable forward corps in the league. Moving Gusev will likely bring back a nice return in building blocks, but at the cost of could-be superstar. It is not an easy choice for Vegas, whereas Gusev holds all the leverage as a KHL icon but unproven NHL commodity just waiting for his chance to break out, in Vegas or otherwise. So long as he gets paid a fair wage, Gusev is likely willing to begin his NHL career anywhere.

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.

Snapshots: Salary Cap, Clarkson, Vanek

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For quite some time the prevailing thought has been that the 2019-20 salary cap ceiling would climb to $83MM, giving teams a little more room to operate next season after the success of the Vegas Golden Knights and rising league revenues. That might not be the case however, as Bob McKenzie of TSN has spoken to several teams that believe it may come in under $82MM when the NHL and NHLPA come to an agreement later this week.

That’s a very small increase, but with CBA negotiations just around the corner may end up being all that is available to teams this time around. Elliotte Friedman of Sportsnet posits a theory that the league and union will keep the salary cap increases small for the next two years until the next television contract rolls in. The Vegas Golden Knights are one of the teams that will feel the squeeze most, as they already project to have more than $83MM committed to next season, without even signing William Karlsson or Nikita Gusev.

  • One way the Golden Knights could clear some room is by using long-term injured reserve on David Clarkson, who will not play again but still carries a $5.25MM cap hit. Even better would be to get rid of Clarkson’s contract entirely, and Jesse Granger of The Athletic notes that Clarkson’s camp actually submitted his 14-team no-trade list today. As Granger puts it, the submission is simply clerical as it doesn’t matter where Clarkson goes, but needed to be done if the team did want to move his contract at some point soon.
  • Thomas Vanek wants to play again in 2019-20 reports Pierre LeBrun of The Athletic (subscription required), and why not? The 35-year old winger recorded 36 points in 64 games for the Detroit Red Wings last season and is still a relatively effective powerplay option. Vanek is coming off a one-year $3MM deal with the Red Wings and now would be eligible for a bonus-laden contract if he can find a team interested. One of the most consistent offensive players of this generation, Vanek has 789 career points in 1,029 games and had recorded at least 41 points in every one of his 13 NHL seasons before 2018-19.

Pacific Notes: Perry, Bennett, Smith, Clarkson

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One major decision that the Anaheim Ducks must make is decide what to do with longtime star Corey Perry, who has struggled with injury and a decline in play recently. The former superstar scorer saw his totals drop to 19 goals in 2016-17; 17 goals in 2017-18; and just six goals, albeit in 31 games last season. With two years remaining at $8.625MM, the team must decide whether to keep him around or buy him out.

Eric Stephens of The Athletic (subscription required), in a mailbag piece, writes that the team might be better off challenging the 34-year-old to attempt a comeback rather than a buyout. If the team attempts to buy him out, it would save quite a bit of money this season, but still leave them with a $6.625MM cap hit for next season, all for paying him not to play for them. The team has to hope that Perry can bounce back with a 20-goal campaign and make his contract look acceptable. Unfortunately, Perry’s six goals and 10 points over 31 games last year only would have translated to 16 goals and 23 points over a full season. Probably not the return, the would like.

  • Sportsnet’s Eric Francis writes the Calgary Flames should be worried about losing forward Sam Bennett to an offer sheet. The scribe writes that Bennett, who will be a restricted free agent this summer, is the type of player who wouldn’t cost too much in compensation for other teams as a contract between $1.82MM and $3.65MM would only cost a team a second-round pick. Considering the salary cap issues that the Flames are in with the need to re-sign Matthew Tkachuk, several other restricted free agents and two starting goaltenders, the team might not be willing to spend $3.65MM to retain the 22-year-old Bennett, who scored 13 goals and 27 points last season. Francis writes that the Vancouver Canucks could be the perfect team to attempt to sign Bennett to an offer sheet.
  • In a separate piece, Francis writes the Flames must also make a decision on whether to bring back goaltender Mike Smith, who struggled for much of the season until the end when he played much stronger for the Flames in the stretch run of the season. Smith, who will be an unrestricted free agent this summer, has indicated a willingness to return next season, but would there be better options? While Robin Lehner, Sergei Bobrovsky and Petr Mrazek would all likely be out of Calgary’s price range, the team could consider trading for a goalie such as Jake Allen or attempt to sign Semyon Varlamov, who at 31, might come at a reasonable price.
  • Sportsnet’s Elliotte Friedman, in his 31 Thoughts column, writes that the Vegas Golden Knights are likely to explore trading away the contract of David Clarkson. If the Golden Knights can find a team that would be willing to take on his $5.25MM cap hit, it could seriously ease some of Vegas’ salary cap concerns as the team is already projected to be above the salary cap for next season with just 19 players under contract so far. One benefit is that Clarkson is due only $3.25MM in cash, which could make him easier to trade to a team with extra cap room along with either a prospect and/or pick.

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.

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.

Salary Cap Deep Dive: Vegas Golden Knights

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

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

Vegas Golden Knights

Current Cap Hit: $70,812,500 (under the $79.5MM Upper Limit)

Entry-Level Contracts

F Alex Tuch (One year remaining, $925K)
D Zach Whitecloud (Two years remaining, $925K)

Among the many things that went right for Vegas was the play of Tuch, who was a surprise in training camp and quickly earned himself a full-time role. The 6-foot-4, 222-pound winger had an impressive rookie season with the Golden Knights, scoring 15 goals and 37 points with much of his playing time coming with the team’s third line. He only improved over time, showing an ability to get into the corners and extend offensive opportunities for the team. He tallied six goals in the playoffs as well, which allowed the Golden Knights to let go veterans James Neal and David Perron, knowing that the 22-year-old Tuch is ready to take his game to the next level. With one year remaining on his entry-level deal, expect him to become a key restricted free agent for the team next season.

Potential Bonuses

Tuch: $93K
Whitecloud: $93K

Total: $186K

One Year Remaining, Non Entry-Level

F William Karlsson ($5.25MM, RFA)
D Nate Schmidt ($2.23MM, UFA)
F Oscar Lindberg ($1.7MM, UFA)
D Deryk Engelland ($1.5MM, UFA)
F Pierre-Edouard Bellemare ($1.45MM, UFA)
F Tomas Nosek ($963K, RFA)
F Ryan Carpenter ($650K, UFA)
D Brad Hunt ($650K, UFA)
G Malcolm Subban ($650K, RFA)

The most important piece the Vegas Golden Knights need to lock up is Karlsson, who just signed a one-year deal with Vegas Saturday. However, now the team has just one year to lock up Karlsson, the team’s top scorer, to a long-term extension. Less than a year, actually, as the team can’t agree to an extension until Jan. 1, 2019. That gives Vegas time to see how 25-year-old will respond in his second year. After piling up 43 goals last season (and seven more in the playoffs), the team wants to see that he can put up similar numbers before handing him a major deal considering the most he’s ever scored in his NHL career was nine goals.

The team will also have to lock up the speedy Schmidt, as well to a long-term deal at some point. The 27-year-old was a key figure on the Golden Knights defense, posting career highs of five goals and 36 points, but also showed his mettle in the playoffs, putting up another three goals and seven points. He could easily get a similar deal to the one that Miller signed with the team (four years, $15.5MM) earlier in the offseason. With an influx of prospects likely to hitting the team for the 2019-20 season, several veterans will have to prove they deserve new contracts this coming  year, including Lindberg, Bellemare, Engelland, Carpenter, Hunt and Subban, although unless someone has a breakout year, none should cost the team too much.

Two Years Remaining

F David Clarkson ($5.25MM, UFA)
F Cody Eakin ($3.85MM, UFA)
F Ryan Reaves ($2.78MM, UFA)
F Erik Haula ($2.75MM, UFA)
D Nick Holden ($2.2MM, UFA)
D Jonathon Merrill ($1.38MM, UFA)
F William Carrier ($725K, RFA)

The team likely will have to pay up if they want to keep Haula. The team’s second-line center may move to the third line now that the team locked up Stastny to a free agent deal. However, if Huala can continue to produce like he did last season, the 27-year-old should be able to fetch a nice contract. He had a career-high in goals last season as he scored 29 and 55 points.

The team should also recoup some of their losses as well in two years as Clarkson’s deal will expire, so that will free up $5.25MM for the team as the team currently has to wait till the start of the season before they can place his contract on LTIR. Others like Eakin and Reaves will likely have to earn another deal over the next two seasons. Both had solid showings for Vegas this year, but will have to prove their consistency. While Reaves deal looks overpaid on paper, the team opted to give him three years worth of money as long as he only signed for two years.

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Vegas Golden Knights Sign Colin Miller To Four-Year Deal

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The Vegas Golden Knights have signed restricted free agent Colin Miller to a four-year, $15.5MM contract worth an AAV of $3.875MM, according the Associated Press’ Stephen Whyno. The deal makes him the highest paid defenseman with the Golden Knights.

Miller was one of the key components for Vegas during an impressive run in its inaugural season that took them all the way to the Stanley Cup Finals. The 25-year-old had his best year as a pro player with the Golden Knights. He led all defenseman with 41 points, including 10 goals and 31 assists and was a key contributor in the team’s playoff run, where he tallied three goals and seven points in 20 games. He was also a critical part of the team’s power play unit. For Miller, it marks a big raise as he played the last two seasons for $1MM per year.

Acquired through the expansion draft from the Boston Bruins, Miller has quickly taken the reigns as the top defenseman along with Nate Schmidt in Vegas. His average ice time for the year increased from over 15 minutes a game last year in Boston to 19:21 this year with the Golden Knights. Considered to have an elite-level slapshot as he had a record-breaking shot back in the 2015 AHL Hardest Shot competition, clocking in at 105.5 mph, Vegas has asked him to shoot more, which he did all season. However, more importantly, Miller’s defensive game has rounded out this year, which has been key to the blueliner’s success.

The four-year deal means the team opted to offer him a long-term deal that ate into two future unrestricted years. At $3.875MM, the Golden Knights got solid value again from a young, emerging player. The team still has quite a few restricted free agents it must deal with including No. 1 center William Karlsson, as well as Shea Theodore, Tomas Nosek, William Carrier, Philip Holm and Teemu Pulkkinen. Vegas remains in a good situation cap-wise as the team still has a little under $15MM in salary cap space left after the Miller signing and that doesn’t include the money they will get back for David Clarkson, who’s $5.25MM contract can be put onto LTIR when the season starts.

 

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