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Derek Stepan

Carolina Hurricanes Sign Veteran Derek Stepan

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The Carolina Hurricanes announced today they’ve signed Derek Stepan to a one-year contract. It’ll pay him $1.35MM and give Stepan at least one more try at a championship in the NHL.

Stepan, a veteran of 11 seasons and 759 NHL games, will now head to his fourth team in the NHL. After previous stints with the New York Rangers, Arizona Coyotes, and Ottawa Senators, the veteran center attempts to win his first Stanley Cup Championship at age 31 this season. He’s struggled with injuries and declining play in recent seasons, scoring just six points in 20 games in his only season with Ottawa last year. It also marked the lowest ice-time average of his career at 15:04 per night.

Even with a refreshed roster, Stepan likely won’t see any more usage than that with Carolina, who looks to take the next step towards becoming a contender next season. It’ll be a harder sell without defenseman Dougie Hamilton in the fold, but they’re a still a deep team that should be competitive all year long. Stepan likely slots in immediately as the team’s fourth-line center, serving behind Sebastian Aho, Vincent Trocheck, and Jordan Staal. If he can’t rebound offensively this season, or if he faces additional injury issues, it could be his last in the NHL.

North Notes: Mete, Ottawa Veterans, Edler, Weber

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Among what was a busy day for the Senators yesterday with GM Pierre Dorion’s end-of-season media availability, he told reporters, including Postmedia’s Bruce Garrioch, that they are now working on a new deal for defenseman Victor Mete.  The pending restricted free agent was claimed off waivers from Montreal at the trade deadline and while his playing time was limited to just over 12 minutes a game over his first five games with them, a good showing plus injuries on the back end saw that number jump to over 23 minutes per contest in their final five games.  Mete is owed a qualifying offer of just over $770K but has salary arbitration eligibility which could come into play if they can’t get a deal done between now and the start of free agency in late July.

More from the North:

  • Also from Garrioch’s piece, he reports that the Senators has informed veteran center Artem Anisimov that they will not be bringing him back next season but that they will talk to center Derek Stepan and winger Ryan Dzingel. Stepan was expected to help stabilize their forward group before being moved at the trade deadline but a torn labrum ended those plans quickly.  Dzingel was brought in from Carolina midseason but wasn’t overly productive with six goals and three assists in 29 games.  As for Anisimov, he cleared waivers during the year, suiting up just 19 times along the way although he managed nine points in those contests.  Given his limited usage though, it’s certainly understandable that he won’t be back, especially with a young group of forwards that are pushing for roster spots.
  • There haven’t been any extension talks yet between the Canucks and defenseman Alex Edler, notes Postmedia’s Patrick Johnston. The 35-year-old has spent his entire 15-year career in Vancouver and in the past, he has expressed a desire to stay there until he’s ready to retire.  However, with the team already tight to the cap for next season; while they have nearly $16MM in room per CapFriendly, most of that will be going to restricted free agents Quinn Hughes and Elias Pettersson.  Unless Jim Benning can free up some wiggle room, they may not be able to afford to bring Edler back unless he’s open to a substantial cut from his current $6MM price tag.
  • Canadiens defenseman Shea Weber did not participate in practice today but instead skated on his own, relays TVA Sports’ Renaud Lavoie (Twitter link). The veteran is dealing with an upper-body injury that’s believed to be a thumb issue but Dominique Ducharme expressed optimism that Weber will be able to rejoin the team later in the week and suit up for Thursday’s opener against Toronto.

Derek Stepan To Undergo Shoulder Surgery

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The Ottawa Senators have announced that Derek Stepan will not return this season from the shoulder injury he suffered last month. The full statement from GM Pierre Dorion:

Following a review and assessment by the team’s medical staff, it has been determined that Derek requires a surgical procedure to repair a damaged labrum that he incurred in dislocating his left shoulder. A procedure is scheduled to take place later this week which will see him miss the remainder of our season but it is expected that he be fully recovered ahead of next season. Our medical staff will remain in regular contact with Derek and his doctors as he continues his recovery.

The veteran center had been working with the team on a potential trade that would take him closer to his family, but clearly this wasn’t the way he wanted to be taken out of the Senators lineup. Stepan will be an unrestricted free agent at the end of the season, and though Dorion explains he is expected to be fully recovered, this certainly won’t help him at the negotiation table.

Acquired just before the season began, Stepan scored six points in 20 games with the Senators. It appears as though his time with the club will appear as an odd footnote on his career unless they decide to bring back the 30-year-old center in the offseason. That wouldn’t make a lot of sense for a team bursting with young forward prospects, but Stepan has always been respected as a leader and support piece in the locker room. More likely he’s headed to his next destination after a few disappointing seasons, ready to prove his career isn’t over.

Stepan’s contract technically still could be traded, if a team feels it could glean some cap flexibility by placing him on long-term injured reserve. But he won’t play again this season.

Photo courtesy of USA Today Sports Images

Derek Stepan May Miss The Rest Of The Season

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The news doesn’t appear to be good for Senators center Derek Stepan.  While the team is waiting for official word and have currently classified him as week-to-week, Postmedia’s Bruce Garrioch reports that the expectation is that the veteran will be out for six months and will need surgery to repair a separated shoulder.  That would put an end to his season and with it, their plans to trade him back to an American-based team.

The 30-year-old was brought in by Ottawa back in December from Arizona in exchange for a second-round pick.  At that point, the bulk of his salary already paid via signing bonus as he was owed just $2MM while still carrying a $6.5MM AAV, giving the Sens a bit of flexibility to stay over the cap floor while keeping their costs down.  They were also hoping that he’d be a capable veteran to help some of their blossoming young talent although his on-ice performance didn’t quite live up to that goal.

Prior to the injury which was sustained back on Tuesday against Montreal, Stepan had just a goal and five assists in 20 games.  He’s also averaging a career-low in ice time at just over 15 minutes per game.  While he was certainly hopeful that he’d be able to rebound from a tough year with the Coyotes in 2019-20 that saw him put up career lows in goals (10), assists (18), and points (28), clearly things were going in the opposite direction.

Between that and the injury, Stepan isn’t going to be hitting the UFA market in an ideal situation.  Garrioch adds that Ottawa has no interest in retaining his services which takes one option off the table. With 2020-21 going the way it did for Stepan, he may have to look for a one-year deal where he can try to build back some value and hope to hit what could be a slightly less financially restrictive free agent market in 2022.

Derek Stepan Addresses Trade Speculation

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One player whose name has been in the rumor mill as of late is Senators center Derek Stepan amidst reports that Ottawa is trying to move him.  However, GM Pierre Dorion was quick to clarify on TSN 1200 (audio link) that the veteran hasn’t asked for a deal:

No, he hasn’t indicated anything along that line to us.  We can tell with our conversations that I’ve had with him that I think it’s only human that … when you only see your newborn for a day or two that it can be difficult on any type of human being.

Meanwhile, Stepan himself was recently asked about his situation and while he acknowledged to reporters, including Postmedia’s Bruce Garrioch, that the prospect of being away from his family for the entire season is far from ideal, he was looking forward to this opportunity with the Sens:

I’m doing to the best I can to stay focused on Ottawa Senators’ hockey. That’s really all I can control right now is focusing on helping this group the way I wanted to and the way I planned to when I first got traded here.

I believed that I was going to be able to come in and make a bigger impact right away with my play. No training camp and the situation just kind of piled up. I knew it was going to be difficult and when it happened, I knew the hockey part was going to be a lot of fun.

But, the more difficult part would be the family stuff and so I was aware of it. As I continue to battle through this thing, I’ve got to keep my head going forward and stay focused in on a game at a time. I know it’s cliche and you guys probably hate it, but that’s all I can really do right now.

The 30-year-old was surprisingly acquired by Ottawa for a second-round pick just after Christmas from Arizona in exchange for a second-round pick in a deal that gave the Coyotes some much-needed salary cap relief.  While Stepan was hoping to make that bigger impact, it hasn’t quite materialized yet.  He has just a single goal with three assists in 14 games this season while his ice time has actually dipped by more than two minutes per night to just 15:31 per game.

Nonetheless, the veteran would be a desirable addition to the bottom six group of a contending team although the salary cap will certainly affect things.  He has a $6.5MM AAV (though just a prorated $2MM is owed in salary with his signing bonus already paid) which most teams can’t afford.  Even if Ottawa retained the maximum 50%, they’d still likely need to take a contract back to facilitate a move.  Although the Senators certainly appear to be trying to do Stepan a favor by moving him back to the United States where he can be reunited with his family, it’s one that may have to take a while to accomplish.

Trade Rumors: Bennett, DeAngelo, Stepan

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As if there weren’t enough whispers surrounding Calgary Flames forward Sam Bennett, his healthy scratch last night did not help. The news emerged well ahead of the Flames’ game on Thursday that Bennett would not play and TSN’s Darren Dreger reports that speculation swelled across the league that this implied Bennett was available for trade. Bennett’s play has improved of late and the player himself even told the media that the scratch came as a surprise. However, with Bennett wanting out of Calgary – though he would not confirm a formal trade request – perhaps the Flames want to look at other internal options who could take Bennett’s place, as well as protect the health of their trade asset. With that said, Dreger warns not to get too excited. He says a trade is certainly not imminent, which harkens back to the Flames own admission that they would not rush to trade Bennett and may not move him at all if they cannot find the right deal.

  • As for the possibility of a trade involving Bennett and another player on the block, New York Rangers defenseman Anthony DeAngelo, there are mixed reports. On Wednesday, Bob McKenzie reported on the NBC Sports broadcast that the Calgary Flames were among four or five teams that had interest in the “reclamation project” that is DeAngelo. A talented, but polarizing player, DeAngelo could be of interest to any number of teams, so even a Calgary team with good defensive depth would not be a major surprise. However, Sportsnet’s Flames beat writer Eric Francis dispelled the rumors of Calgary interest in DeAngelo. He also reiterated that the team will take their time with a Bennett trade and will not rush into a deal for another player on the rumor mill.
  • The other teams mentioned by McKenzie as kicking the tires on DeAngelo: the Anaheim Ducks, Detroit Red Wings, and Los Angeles Kings. As rebuilding teams, taking a chance on the talent and youth of DeAngelo makes a ton of sense for any of these clubs. Considering that DeAngelo has already cleared waivers as well, Detroit or L.A. could also convince New York to add a draft pick to the trade, while Anaheim may be more interested in the Rangers retaining some of DeAngelo’s $4.8MM salary.
  • Despite an impressive win over the rival Montreal Canadiens on Thursday, the season has not gone as planned so far for the Ottawa Senators. After adding some veterans to the roster this off-season, the team hoped the influx of experience and talent combined with their considerable youth and upside would result in more wins. Thus far, they have the league’s worst record at 2-8-1. As a result, changes could be coming to the roster. The Ottawa Sun’s Bruce Garrioch reports that one major change could be a quick flip of veteran center Derek Stepan. Stepan was acquired right before training camp in a trade with the Arizona Coyotes but has failed to make much of an impact for the Senators. He has just three points and -7 rating through ten games, averaging just two shots per game and on pace for the worst possession numbers of his career. It is believed that Stepan is as unhappy with his role in Ottawa as the Senators are in his production. A separation could be coming soon  since the veteran still has value across the league, especially on an expiring contract. Stepan, 30, is a durable, two-way center who has scored at a 40-point pace or better in each of nine NHL season prior to last year.

Senators Notes: Captains, Camp Roster, Brassard, Brannstrom

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The Senators have wasted little time determining their leadership group, announcing (via Twitter) that they will go without a captain and go with three alternates again this season.  It’s a brand-new trio from the ones that started the season in that role last year as all three departed either via trade or free agency.  Wearing the ‘A’ this season will be defensemen Thomas Chabot and Erik Gudbranson as well as winger Brady Tkachuk.  Chabot and Tkachuk are core pieces of Ottawa’s rebuild while Gudbranson, an Ottawa native, was acquired from Anaheim in the offseason.  The team has not had a full-time captain since trading Erik Karlsson to San Jose back in 2018.

More from Ottawa:

  • The Sens announced their training camp roster with some notable omissions. Recently-acquired veterans Derek Stepan, Cedric Paquette, and Braydon Coburn are all not on the max-sized roster nor is top prospect Tim Stuetzle who is still at the World Juniors.  Stepan is still in Arizona with his wife recently gave birth to their third child while Paquette and Coburn are currently quarantining and won’t be able to join the team for on-ice drills for another week.  Stuetzle will eventually make his way to camp as well but will also need to go through an isolation period which will eat up most of the remaining training camp time.
  • Ottawa has one player in camp on a PTO deal in goaltender Francois Brassard. The 26-year-old was actually drafted by the Sens back in 2012 but never signed with the team.  He spent last season with ECHL Maine, putting up a 2.76 GAA with a .908 SV% in 14 appearances.  He is likely hoping to land an AHL contract with a successful tryout as the Senators already have five netminders on NHL deals.
  • Defenseman Erik Brannstrom had requested that Ottawa allow him to try to play his off-side on defense but that request was denied, relays TSN 1200’s Shawn Simpson (Twitter link). The Sens prefer him to stay on his natural side although there is likelier an easier path to playing time if he was to switch.

Snapshots: Voluntary Opt-Out, Senators, Stepan, Schneider

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The first significant day of the NHL’s new calendar for the upcoming 2021 season is upon us as today is the deadline for NHL players to voluntarily opt-out of the season, according to TSN’s Frank Seravalli.

If a player wants to opt-out of the season, they must provide written notice to the league seven days before training camp starts, which means that the deadline has already passed for the seven non-playoff teams which start their training camps on Thursday. However, the rest of the league has until the end of the day today, if they don’t want to participate in the upcoming season.

Waivers are next, with it beginning Monday for the new season.

  • With many teams struggling to move out salary this year without requiring to include a sweetener to get the deal done, there were quite a few people surprised when the Ottawa Senators took on the contract of Derek Stepan last night and instead of receiving some type of sweetener, sent a second-round pick to Arizona instead. Quite a high price to pay. However, Ottawa Sun’s Bruce Garrioch points out that the move is very Ottawa-like as Stepan might have a $6.5MM cap hit for the upcoming season, but is only due $2MM in salary, as the Coyotes have already paid Stepan a $3MM salary bonus. The Senators have been well known to take on players who have less salary to be paid out than their cap hit. This trade is one of them.
  • Speaking of Stepan, TSN’s Pierre LeBrun notes that there is going to be a bit of a delay for Stepan to report to training camp in Ottawa. Besides the 14-day quarantine that will require him to miss part of training camp, Stepan is also waiting for the pending birth of his child, meaning that the 30-year-old could very well miss the start of the regular season. LeBrun reports, however, that Stepan’s agent, Matt Oates, says that the veteran is excited about joining Ottawa’s team as a team leader and is eager to arrive.
  • The IIHF will have a disciplinary committee hearing regarding the illegal hit to the head by Team Canada’s Braden Schneider vs. Germany’s Jan-Luca Schumacher, according to TSN’s Bob McKenzie. A decision is expected before Canada’s game vs. Slovakia later today. Schneider, a 2020 first-round pick of the New York Rangers, could be suspended, considering the IIHF has a no-tolerance policy on hits to the head. He was issued a game misconduct after the incident. McKenzie adds that Austria’s Philipp Wimmer is also expected to receive a hearing after his hit against USA’s Patrick Moynihan. UPDATE: Schneider received a one-game suspension for the hit, according to the IIHF.

Ottawa Senators Acquire Derek Stepan

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The Arizona Coyotes have shipped out one of their veteran leaders, sending Derek Stepan to the Ottawa Senators in exchange for a 2021 second-round pick (originally belonging to the Columbus Blue Jackets). Ottawa will take on the entire $6.5MM cap hit for the final season of Stepan’s contract, though notably, the forward is owed just $2MM in actual salary this season.

Stepan, 30, was one of the big moves that former Coyotes GM John Chayka pulled off in the 2017 offseason, coming to Arizona from the New York Rangers along with Antti Raanta in exchange for Tony DeAngelo and the seventh-overall pick (which turned out to be Lias Andersson). In an attempt to get more competitive that summer the Coyotes added the two Rangers, Nick Cousins, Niklas Hjalmarsson, and Jason Demers. Though it won’t be remembered as a supremely successful summer, it’s not like Stepan didn’t do exactly what he was brought in for. In his first year in Arizona, Stepan scored 56 points, trailing only Clayton Keller for the team lead. His consistent presence in the middle of the ice is valuable and it’s exactly what the Senators were after.

Stepan is just the latest move by Ottawa GM Pierre Dorion to try and surround his young core with more veteran names. Evgenii Dadonov, Alex Galchenyuk, Erik Gudbranson, and Matt Murray all have plenty of NHL experience and could make the Senators a sneaky competitive team in the All-Canadian division. That said, it’s not clear exactly where Stepan fits into a lineup that already had several options down the middle.

For both clubs, this is a nice move, as the Coyotes desperately needed some cap room and the Senators are just hoping to start turning a few losses into wins. Arizona now figures to have a little more than $3MM in space even before moving Marian Hossa to long-term injured reserve and could potentially have more moves coming. In Ottawa, after several years of turmoil, a respected leader like Stepan can provide some stability not only on the ice but in the locker room as well.

Salary Cap Deep Dive: Arizona Coyotes

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

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2020-21 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of CapFriendly.

Arizona Coyotes

Current Cap Hit: $84,270,284 (over the $81.5MM Upper Limit)

Entry-Level Contracts

F Barrett Hayton (two years, $894K)

Potential Bonuses

Hayton: $1.75MM

Once considered a team full of young players, the Coyotes have changed their image over the last few years and have only one young player on their team under a cheap entry-level deal with only a handful of entry-level players that are even close to joining the team. Hayton, however, could be ready for a breakout season after spending the season with the team last year. Unfortunately for Hayton, he would have benefitted the most with one year in the AHL, but wasn’t eligible to play there, so instead of returning him to his junior team, the Coyotes kept him around. He only appeared in 20 games (although he did miss time with a shoulder injury at the World Juniors), but showed enough potential that he should be an everyday player next season. A big year from the 2019 fifth-overall pick would be a boost to the team’s center position.

One Year Remaining, Non-Entry-Level

F Derek Stepan ($6.5MM, UFA)
D Alex Goligoski ($5.48MM, UFA)
F Marian Hossa ($5.28MM, UFA)
D Niklas Hjalmarsson ($5MM, UFA)
G Antti Raanta ($4.25MM, UFA)
D Jason Demers ($3.94MM, UFA)
D Jordan Oesterle ($1.4MM, UFA)
D Ilya Lyubushkin ($1MM, UFA)
F Conor Garland ($775K, RFA)
F John Hayden ($750K, RFA)
F Dryden Hunt ($700K, RFA)

For a team that is looking to cut salary, the team has a lot of money coming off the books next year, suggesting the team could look drastically different in just one year. Some of those players could find themselves to be trade bait when the trade deadline comes around. The most interesting decision the team might have to make is what to do with Stepan, however. The 30-year-old was brought in from New York to stabilize their top line three years ago. He had four straight seasons of 50 or more points while with the Rangers and posted a 56-point season with the Coyotes in 2017-18. However, his production has taken a dive over the past two years as Stepan posted just 35 points (in 72 games) in 2018-19 and then dropped even further last year with just 28 points in 70 games. A team leader, the Coyotes have to hope that Stepan can return to form this season or the team could choose to move on from him.

The team’s defense is loaded with several high-priced veteran blueliners and almost all of their contracts come up next season, including Goligoski, Hjalmarsson and Demers. Goligoski is 35, but is still playing major minutes for Arizona and could be a candidate to return at a slightly lesser deal. Hjalmarsson is 33, but has seen his game break down a bit as he has dealt with numerous injuries the last couple of years, including a fractured fibula that cost him 43 games last year. The 32-year-old Demers also averaged more than 20 minutes of ATOI per game. The team may keep one or two of those players, but likely will not keep all three.

The team will also want to evaluate the play of Raanta, who has showed flashes of dominance, but also has dealt with injuries and inconsistent play at times as well. Raanta did play well last season, posting a .921 save percentage in 33 games and gives the team several options in the net. Raanta could easily be re-signed to new deal or could be a trade candidate as well.

The team will also finally be free of Hossa’s $5.28MM contract the team took on years ago.

Two Years Remaining

F Phil Kessel ($6.8MM, UFA)
G Darcy Kuemper ($4.5MM, UFA)
F Tyler Pitlick ($1.75MM, UFA)
F Lawson Crouse ($1.53MM, RFA)
F Johan Larsson ($1.4MM, UFA)
F Christian Fischer ($1MM, RFA)

The team brought in Kessel to bring in the firepower that the team needed as goal scoring remains one of the team’s biggest weak points. Unfortunately, the first year with Kessel didn’t turn out to be the big acquisition that the team was hoping for. After an 28-goal, 82-point season in 2018-19, the 33-year-old saw quite a decline in his play with just 14 goals and 38 points in 70 games. That’s way below what they were hoping for and Arizona has to hope that Kessel can return to form this year in hopes of increasing his value if the team wants to move him at the trade deadline or next offseason when he has just one year left on his deal.

Kuemper has become the Coyotes’ top asset as the 30-year-old has been nothing short of dominant over the past two years and remains on a manageable contract. His name came up in trade speculation this offseason, but with so many free-agent goalies available, Arizona didn’t get the offers it was hoping for. That could change down the road. Yet at the same time, Kuemper might be worth keeping around down the road.

Three Years Remaining

None

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