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Dion Phaneuf

Dion Phaneuf Announces Retirement

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Though he hasn’t played in the NHL since the 2018-19 season and is still technically on the books for both the Ottawa Senators and Los Angeles Kings, Dion Phaneuf has announced his retirement. The veteran defenseman released a long statement thanking his family, friends and the teammates he made along the way. In it, he gives special mention to the Toronto Maple Leafs, who hosted his retirement ceremony today:

A great thanks to the entire Toronto Maple Leafs organization, their ownership and leadership  Larry Tanenbaum and Brendan Shanahan  for providing me with this opportunity to retire with such love and support here in Toronto. It was a special honour to represent the Maple Leafs as team captain a point of pride and honour that I will carry with me forever.

Selected ninth overall by the Calgary Flames in 2003, Phaneuf was a throwback defenseman who at his peak could compete in any style of hockey. The 6’4″, left-shot powerhouse was a star for the Red Deer Rebels, scoring goals and racking up penalty minutes with big hits and tough fights. By the time he made his debut with the Flames in 2005 he was already a well-known name in Canada thanks to his performances at the World Juniors, but his first taste of the NHL put him on the map for all hockey fans. With 20 goals and 49 points in his rookie season, he finished eighth in Norris Trophy voting and only failed to win the Calder Trophy because there were a couple of players named Alex Ovechkin and Sidney Crosby entering the league.

In 2007-08 Phaneuf would reach a career-high of 60 points, while also racking up 182 penalty minutes as he fearlessly patroled the Calgary blue line. He’d finish second in Norris voting that year, trailing only legendary defenseman Nicklas Lidstrom, who was taking home the trophy for the sixth time in seven years. That was the closest Phaneuf would get, but he still had a long career ahead of him, including his captaincy in Toronto. Overall, he played in 1,048 regular season games, racking up 494 points, 1,345 penalty minutes and more than 2,000 hits.

In 2019, the last two years of his contract were bought out by the Kings, meaning he’ll still receive a paycheck through 2022-23. The Senators had been retaining salary on the deal, so both franchises carry a part of Phaneuf’s cap hit for this season and next.

Poll: Which UFA Is The Most Attractive PTO Candidate?

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It’s now September and, other than a handful of cases, unrestricted free agents who are still unsigned are likely going to have to earn an NHL contract in training camp. While the major storyline around the league remains unsigned RFA’s, there is still plenty of talent available on the open market. Some players are simply sitting on offers though, waiting to make a decision. For example, decorated veterans like  Joe Thornton, Patrick Marleau, and Niklas Kronwall and perhaps even Dion Phaneuf and Thomas Vanek are not playing on PTO’s. Neither are players rumored to have considerable interest, such as Jake Gardiner and Ben Hutton. That still leaves a lot of ability still searching for NHL employment though.

The best part of a PTO is that it mitigates risk. A player on a tryout is not (yet) taking up a roster spot or salary cap space and their injury history doesn’t matter as much, without any commitment beyond training camp. The tryout process simply allows players to show what they can bring to a team during practices and preseason games on the off chance that their performance in fact warrants a contract. Some teams may lean toward inviting a veteran, both to provide some leadership during camp but also to see what he has left in the tank. Others will invite a younger, prime-age player coming off of a down season, doing their due diligence on whether he might be worth a second chance. There’s also the frequent case of some teams simply checking available players against internal options when it comes to establishing depth for the season. With that in mind, which player would you most like your favorite team to take a look at on a PTO?

Veteran Forwards: Brian Boyle, Troy Brouwer, Drew Stafford, Jamie McGinn, Micheal Haley

Prime Forwards: Riley Sheahan, Magnus Paajarvi, Tobias Rieder, Devante Smith-Pelly, Rourke Chartier

Veteran Defensemen: Dan Girardi, Adam McQuaid, David Schlemko, Eric Gryba

Prime Defensemen: Michael Stone, Joe Morrow, Fredrik Claesson

Goaltenders: Scott Darling, Chad Johnson

Of these players, which one is most worthy of a risk-free look in camp in hopes of finding a surprise contributor for the 2019-20 season?

Mobile users, click here to vote.

Free Agent Profile: Dion Phaneuf

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For years, most people have associated defenseman Dion Phaneuf with the seven-year, $49MM contract he signed with the Toronto Maple Leafs back in 2013 when he was considered a top-pair defender. However, that contract didn’t even kick in until the 2014-15 season and suddenly by that point, Toronto was keen to move on from him, eventually moving his contract to Ottawa after just a year and a half. He was then sent to Los Angeles a few years later. Finally after struggling immensely last season, the Kings finally ended it this summer, buying out the now-34-year-old blueliner and putting him on the open market.

Looking at his numbers from a season ago, it’s no wonder why the Kings chose to move on from him. He played 67 games last season, but was made a healthy scratch for the first time in his career and saw his ATOI go from averaging more than 20 minutes a game down to 15:00, a career-low. Offensively, he potted just one goal and six points, while struggling with a minus-21 rating.

However, despite those issues, the blueliner has said he has more to give and would be willing to take on a mentor role with teams that are rebuilding, hoping that teams might be interested in bringing him back to guide their younger players. While retirement is also an option for the veteran, he’s made it clear he wants another opportunity.

Potential Suitors

One team loaded with young defensemen is the Vancouver Canucks. The team has a number of young players, including Quinn Hughes, Troy Stecher and Olli Juolevi, but the team already added a pair of veterans in Tyler Myers and Jordie Benn in free agency, while re-signing Alexander Edler as well. Is there still a need for another veteran now in Vancouver?

Another team that was highly considered early on in free agency was the Dallas Stars, who might want a player like Phaneuf filling in a third-pairing role as the team is loaded with young defensive talent. However, the team opted instead for grabbing fellow buyout victim Andrej Sekera. It now would seem like an unlikely destination for a more crowded blueline.

The Winnipeg Jets, short on defenders after losing Myers, Jacob Trouba and Ben Chiarot on defense, could bring in someone like Phaneuf to fill in the holes until some of their younger defenseman are ready for a full-time NHL role. However, Phaneuf may also just wait until training camp approaches and keep an eye on teams that suffer some injuries.

Projected Contract

Phaneuf is still being paid by Los Angeles thanks to the buyout, so money is likely not that important to the 34-year-old. A minimum salaried deal is a likely outcome and likely the only option at this point in his career.

Photo courtesy of USA Today Sports Images.

Salary Cap Deep Dive: Los Angeles Kings

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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 2019-20 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.

Los Angeles Kings

Current Cap Hit: $72,759,394 (under the $81.5MM Upper Limit)

Entry-Level Contracts

F Nikolai Prokhorkin (one year, $925K)
F Blake Lizotte (two years, $925K)
F Carl Grundstrom (one year, $925K)
F Rasmus Kupari (three years, $894K)
F Gabriel Vilardi (three years, $894K)
D Kale Clague (two years, $762K)
F Austin Wagner (one year, $759K)
D Sean Walker (one year, $745K)

Potential Bonuses

Prokhorkin: $850K
Lizotte: $850K
Vilardi: $500K
Wagner: $133K
Clague: $133K

With the Kings rebuild in full swing, Los Angeles will be giving plenty of opportunities to their younger players to break out. The team finally was able to convince Prokhorkin to come over from the KHL this offseason. The fourth round pick from 2012 has scored 16 or more goals in four of the past six seasons, including career highs in goals (20) and points (41). The question is whether the 25-year-old can contribute at the NHL level, although the Kings will give him every chance to prove himself. Los Angeles also has high hopes for the 5-foot-9 Lizotte, who the team signed as an undrafted free agent in April out of St. Cloud State where he was one of college’s most offensively skilled players scoring 42 points in 37 games last season. The Kings also have high hopes for Grunstrom, who the team acquired from Toronto in the Jake Muzzin deal. In a brief audition of 15 games with the Kings, the 21-year-old tallied five goals and could prove to be a valuable addition.

The team might also get some help from some of their most recent top picks as Kupari, the team’s 2018 first-round pick, is expected to attend training camp in hopes of earning a spot on the Kings’ opening night roster. The 19-year-old had a breakout season in the Liiga last year, posting 12 goals and 33 points in 43 games. The team still has high hopes for Vilardi, the team’s top pick in 2017, who has missed most of two season with a back injury. With no updates on his status, there are many concerns whether he will ever be healthy enough to be a star in the league. However, if he can prove himself healthy, he could immediately vault himself into a top-six role.

With few veteran options on defense, the team has openings for a couple of their young prospects, including Clague, who spent last season in the AHL and could challenge for a spot this year. Walker had some limited success in 39 games last year, but will have to hold off a number of defensemen to retain his spot.

One Year Remaining, Non-Entry-Level

F Tyler Toffoli ($4.6MM, UFA)
D Derek Forbort ($2.53MM, UFA)
F Trevor Lewis ($2MM, UFA)
F Kyle Clifford ($1.6MM, UFA)
F Sheldon Rempal ($874K, RFA)
D Paul Ladue ($825K, UFA)
D Joakim Ryan ($725K, UFA)
F Mario Kempe ($700K, UFA)
G Jack Campbell ($675K, UFA)
D Kurtis MacDermid ($675K, RFA)

Toffoli looked to be on a course to have a big career after a 31-goal season back in 2015-16. However, he hasn’t come that close to equaling that mark since then. He followed that season up with 16 goals, followed by 24 in 2017-18 and then plummeted to just 13 goals last season, his lowest total since his rookie campaign. With one year remaining, the team may be looking to trade off the 27-year-old at the trade deadline as he might be better off with a change of scenery. However, the Kings hope to get him off on the right foot in 2019-20 to increase his trade value. Lewis could also be a trade candidate. The 32-year-old dealt with injuries and appeared in just 44 games last season, but if the veteran could bounce back, he could be a solid trade candidate for depth.

While not an offensive defenseman, Forbort has suddenly become a veteran on a young blueline. The 27-year-old has averaged more than 20 minutes of ice time in three straight seasons and is considered to be an important part of the team’s top four. However, the team will have to decide whether he is worthy of a long-term deal as he will be hitting unrestricted free agency for the first time next summer. Perhaps the bargain of the group is goaltender Jack Campbell, who had a breakout season last year when he had to fill in because of injuries. Campbell, who was once the 11th-overall pick back in 2010, looks to have finally figured things out in net, finishing the season with a 2.30 GAA and a .928 save percentage in 31 appearances and could be interesting to watch as the trade deadline nears.

Two Years Remaining

F Ilya Kovalchuk ($6.25MM, UFA)
D Alec Martinez ($4MM, UFA)
F Alex Iafallo ($2.43MM, UFA)
D Daniel Brickley ($700K, RFA)
D Matt Roy ($700K, RFA)

The team was the highest bidder on Kovalchuk during last year’s offseason as they offered the veteran scorer a three-year deal. Unfortunatley, that deal doesn’t look to have worked out as the veteran struggled early and then dealt with injuries. He finished the season with 16 goals and 32 points, but that was way below the production that the Kings had hoped for when they opted to give him a $6.25MM per year deal. The veteran clashed with coaches and often found himself on the bottom-six. Kovalchuk is hoping to rebound as the Kings failed to find a taker this offseason and can only hope that the 36-year-old still has some gas left in the tank.

The team has one of the most reliable defensemen in Martinez, who could be a prime trade candidate and was often brought up in trade talks a year ago until the team moved out Muzzin. While his offense has slipped, he has been a solid top-four defenseman with the Kings for years, finishing with just a minus-two rating, despite the team’s dismal year.

Three Years Remaining

F Dustin Brown ($5.88MM, UFA)
F Jeff Carter ($5.27MM, UFA)
G Calvin Petersen ($858K, RFA)

The team still has a pair of difficult contracts that it is still paying for. Brown, who signed an eight-year, $47MM contract back in 2013, looked like a bust early on in the deal as the veteran struggled to score for a number of years, four of which where he tallied 15 goals or less. However, the 34-year-old found some of those offensive skills again with a 28-goal campaign in 2017-18 and then 22 more last season. If he can keep that up, the team might not complain as much that they are paying a 34-year-old close to $6MM per season.

After dealing with injuries for most of 2017-18, the Kings were hoping to see Carter, one of the team’s leaders, return to form. However, that wasn’t the case as the 34-year-old, who signed an 11-year, $58MM contract back in 2010, posted just 13 goals and 33 points. The team needs the veteran to find his game as his contract has become challenging to move. There were rumors that the Kings were working on a deal to send Carter to Arizona during the offseason, but those talks ended after the Coyotes acquired Phil Kessel instead.

Four Or More Years Remaining

D Drew Doughty ($11MM through 2026-27)
F Anze Kopitar ($10MM through 2023-24)
G Jonathan Quick ($5.8MM through 2022-23)

One contract that received quite a bit of criticism was the deal that the Kings handed to Doughty in 2018. However, that deal just kicked in now and after a disappointing campaign last season, that deal is already looking even worse. Despite averaging 26:36 of ice time, the No. 1 defender saw his offensive numbers drop and saw his defensive numbers plummet as he finished in the minus for just the third time in his career at a whopping minus-34. Now 29, the Kings will be forced to pay him until he’s 37 years old, and if the veteran can’t rebound this season, could be a long eight years to be paying a player who makes $11MM per year.

While it was a disastrous year throughout the lineup, Kopitar’s numbers were also a disappointment after he posted a 35-goal season in 2017-18 and was among the NHL leaders in points with 92. He saw those numbers drop to just 22 goals and 60 points and the team will need to see their leader bounce back as they still have five more years of their star under contract. Quick was another player who saw his numbers drop off. The veteran, who has been the fixture to the team’s defense, struggled with injuries, but even when on the ice, the 33-year-old put up a 3.38 GAA and a .888 save percentage in 46 games and didn’t look anything like the superstar goaltender of the past. The team might consider moving him with some quality goalies in the system, but with those numbers the team isn’t likely to give him away at the moment.

Buyouts

D Dion Phaneuf ($2.19MM in 2019-20; $4.06MM in 2020-21; $1.06MM in 2021-22 & 2022-23)

Recapture Penalty

F Mike Richards ($1.32MM in 2019-20)

Still To Sign

F Adrian Kempe

The team must sign Kempe, who has showed flashes of potential as a top-six player, but still finished with just 12 goals, down from the 16 he scored in 2017-18. The team brought in his brother, Mario, in hopes of adding a family element, which they hope will help impact his game on a positive level, but the team believes that Kempe could break out at some point, preferably sooner than later. With no arbitration, however, the two sides are still looking for a suitable contract between the two sides.

Best Value: Martinez
Worst Value: Doughty

Looking Ahead

This is an important year in the team’s rebuilding project, but more than almost any team in the league, the Kings are just hoping to see multiple players rebound and bounce back. A good performance by any player could make it easier for the team to trade off assets at the trade deadline and move that rebuilding stage forward even quicker. However, another season of poor play could send the rebuild back a bit. The especially need to see their core players return to form as players like Kopitar and Doughty must prove that their expensive deals aren’t going to be nightmares this quickly.

Photo courtesy of USA Today Sports Images.

Poll: How Many Top 50 Free Agents Will Opt For Retirement?

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A week into free agency, the vast majority of PHR’s Top 50 Unrestricted Free Agents are under contract. Unsurprisingly, many of those left unsigned are on the wrong side of 30 or even at or approaching 40. Veterans tend to be later additions in free agency, as teams aren’t rushing to sign them to long-term deals to be core pieces, but rather seek to use them to plug holes in the lineup after the fact. As of now, there are nine names in the Top 50 that are legitimate candidates for retirement. Some have offers on the table and are taking their time to make a decision, while other may not have much of a market and could have to choose between a PTO or calling it a career. How many will choose retirement this summer?

Justin Williams, 37, enjoyed a tremendous 53-point season with the Carolina Hurricanes this past season and looked far from done. GM Don Waddell hinted that the captain will return next season, but until pen meets paper it remains a question mark. Williams was a key piece of the Hurricanes’ run to the Eastern Conference Final last season and would be a major loss for the team. However, he could opt to go out on top as a player who has seen very little drop-off in production through his 30’s and hit his highest point total since 2011-12 last season. Williams can still play, but the question is whether he wants to.

Joe Thornton, 40, not only wants to play next season, but wants to play several more years. The future Hall of Famer has already had an illustrious career, but has yet to win that elusive Stanley Cup. Thornton would like to return to the San Jose Sharks, one of only two teams he’s played for in his 21-year career, and the Sharks should be able to find the space to bring him back after moving out salary via trade and free agency departures. However, Thornton’s asking price will play a part – he did top 50 points again last season – as will the Sharks’ interest in bringing back another retirement threat. Patrick Marleau, 39, left San Jose two years ago to join the Toronto Maple Leafs, but has since been bought out and all signs point to a desire to return to the Sharks. These two legendary Sharks are both capable of continuing their NHL careers, but can San Jose fit them both and are either willing to sign elsewhere at this point in their careers?

Brian Boyle, 34, enjoyed one of his best seasons in 2018-19 and netted a second-round pick at the trade deadline. He clearly still has value as a big, smart two-way forward, but the lack of attention he has garnered thus far in free agency is curious. Boyle did not make as much of an impact in Nashville post-trade as he did in New Jersey and teams may be skeptical of his production moving forward. Between a cold market and recent health concerns, Boyle may be considering calling it a career while he’s still considered an elite defensive forward. However, it would be a surprise if there isn’t a team in the NHL who could still use Boyle’s ability.

Dion Phaneuf, 34, is fresh off of a buyout and should be available at a bargain rate as he continues to cash paychecks from the Los Angeles Kings. Phaneuf stated earlier this off-season that he would be happy to land with a contender, but is also open to taking on a mentor role with a young team. That would seemingly make him a candidate to join a number of D-needy teams. Yet, a week into free agency there has been almost no noise surrounding Phaneuf. The veteran still plays a strong checking game, but his offense and mobility fell off a cliff last season, resulting in drastic career lows in production and ice time. Teams may be hesitant to invest at his current asking price. Phaneuf may be looking at a decision between a short-term, minimum deal or walking away.

Ben Lovejoy, 35, is also coming off an uninspiring season. The Dallas Stars still felt he was worth a deadline gamble, but Lovejoy failed to make much of an impact offensively with either the Stars or Devils pre-trade. An experienced journeyman defenseman, Lovejoy still plays a strong defensive game and has great awareness in his own zone. However, when it comes to moving the puck he can be prone to turnovers and when asked to contribute offensively, he offers little. At this point in his career, Lovejoy is an ideal No. 7 or 8 defenseman. However, does he want to continue his playing career only to be used sparingly as a depth player? That’s the question.

Thomas Vanek, 35, is a tricky case. While his 36 points this season marked a career low, it also came in just 64 games and was one of the top marks for the Detroit Red Wings. Vanek has been a tough player to get a read on in recent years because he has moved around so much and played in a variety of roles. The eye test, combined with a plethora of rumors so far this summer, suggest that he can keep playing. But does a decorated veteran really want to continue being a hired gun and deadline deal year after year? If Vanek can find some security in a short-term contract, he will stick around in the NHL and likely continue to be a great value as a player capable of 50 points. However, the respected veteran may also be ready to call it a career if the right fit doesn’t exist.

Niklas Kronwall, 38, and Deryk Engelland, 37, are both in the same boat. They will either return to their current teams – the Red Wings and Golden Knights respectively – or they’ll retire. Neither is looking to move at this point in their careers, nor can they command salaries that their teams cannot pay. Instead, the duo are both valued for their leadership and loyalty and can still play well enough in a regular role or, more likely, thrive in a depth role. The question for both is simply how much they have left in the tank and whether it’s time to quit while they’re ahead.

So what do you think? Nine players, all with good reason to retire but also to keep playing, with various market factors at work. How many suit up in the NHL next season and how many make a final announcement in the coming weeks?

Pacific Notes: Donskoi, Eakins, Phaneuf, McDavid

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The San Jose Sharks and general manager Doug Wilson have a lot on their plate this offseason as they have a number of key free agents they must deal with, including Erik Karlsson, Joe Pavelski and Joe Thornton. One name that is often forgotten is free agent forward Joonas Donskoi, who has been a solid contributor as a middle-six forward the last few years.

The Athletic’s Kevin Kurz reports that it looks like Donskoi is leaning towards going onto the open market to see what offers he might receive and could wait to see if a team comes calling when the interview period opens on June 23. Donskoi could receive quite a bit of attention as he has scored 14 goals in each of his last two seasons and had 37 points this year. While that’s hardly amazing numbers, the speedy wing is a good defender and could provide value for a lesser price tag, considering he only made $1.9MM last year.

  • While it looks like the Anaheim Ducks are moving rather slowly in naming their head coach, it looks like there are only two candidates remaining in the race in Dallas Eakins and University of Minnesota-Duluth coach Scott Sandelin, according to Sportsnet’s Elliotte Friedman. Eakins remains the favorite, but the team is doing quite a bit of research on him, including interviewing some of the veterans on his AHL squad.
  • Jordan Samuels-Thomas of The Athletic (subscription required) writes that with Dion Phaneuf being bought out, the most likely destination for the veteran blueliner would be a young team that’s several years away from truly competing. The scribe writes that the decline in the 34-year-old’s play would likely have playoff teams looking elsewhere for veteran depth, but Phaneuf’s leadership and his ability to mentor young players would make him more valuable to a lottery team. On top of that Phaneuf could help team’s penalty killing and can provide a physical presence a young team might lack.
  • At a gathering for 500 season ticket holders, Edmonton Oilers general manager Ken Holland said he has already met with star center Connor McDavid twice in the last 10 days, including visiting him as he was working out, according to Terry Jones of the Edmonton Journal. He reports that McDavid is doing well and is expected to ready for the start of training camp. The 22-year-old suffered a small PCL tear in his knee on the final game of the regular season, but the injury didn’t require surgery.

Kings Buy Out Dion Phaneuf

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Dion Phaneuf is getting an early look at free agency.  The Kings announced that they have bought the defenseman out of the final two years of his contract.  While today was the first day that players could be placed on unconditional waivers for the purposes of a buyout, Phaneuf was not required to go through them as he had a no-move clause in his contract.  As a result, the move is made official immediately.

Phaneuf had two years remaining on his contract with a $7MM cap hit (with the Kings paying 75% and the Senators 25%).  Accordingly, the cap hit for buying him out will be as follows for each team:

Kings

2019-20: $2.1875MM
2020-21: $4.0625MM
2021-22: $1.0625MM
2022-23: $1.0625MM

Senators

2019-20: $729K
2020-21: $1.354MM
2021-22: $354K
2022-23: $354K

The deal contained $3.5MM in signing bonuses which are excluded from the standard two-thirds cost calculation as they are paid in full.  Accordingly, Phaneuf will receive over $9MM in actual money from the two teams over the next four years.

Los Angeles brought in Phaneuf in advance of the 2018 trade deadline in what amounted to a swap of bad contracts for both teams.  The Kings picked up the 34-year-old along with center Nate Thompson in exchange for winger Marian Gaborik and center Nick Shore.  Of the four players in the swap, only Gaborik remains with his team and he was on LTIR all of last season and will likely be on there once again for 2019-20 at the very least.

In his prime, Phaneuf was a quality top pairing defender who provided plenty of offense from the back end while mixing in a lot of physicality as well.  However, the point totals have dried up in recent years and the recent transition to teams playing quicker worked against him as he has never been the strongest of skaters.  Not surprisingly, 2018-19 was by far his worst season.  He scored just once in 67 games, spent time as a healthy scratch, and averaged just 15 minutes per night, a career low.

Despite that, there could be a bit of interest in Phaneuf as a free agent from teams looking to add some veteran depth to their defense corps.  While he’s now eligible to talk to teams right away, he won’t officially be able to sign somewhere until the free agent market officially opens up on July 1st.

Buyout Watch: Most Likely Candidates As Buyout Window Nears

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At this time next week, there could already be a few notable additions to the impending unrestricted free agent class. The NHL’s buyout window is set to open on Saturday, June 15th, after which teams will have 15 days to buy out unwanted contracts before the month ends and free agency begins on July 1st. This year in particular, there seem to be a surplus of teams upset with their current salary cap position and itching to remove a contract from their books that has not yielded the expected results. Yet, at a cost of two-thirds of the remaining salary and double the remaining term (in most cases), as well as the side effects of pay and bonus structure, it may not always be the best route. The following are some of the top names that could be bought out later this month and the cost to do so:

Corey Perry, Anaheim Ducks

Contract Remaining: Two years, $8.625MM cap hit
Buyout Cost (each year): $2.625MM/$6.625MM/$2MM/$2MM

The most recent name to hit the buyout rumor mill, Perry’s contract is undoubtedly an albatross and it is difficult to see him getting back to the pace and production that initially warranted his high cap hit. A buyout would give the Ducks immediate relief this year and $2MM in years three and four is not bad. However, the 2020-21 cost is not ideal. However, it’s hard to see anyone trading for Perry’s contract with so many unknowns about his game, so this could be the only choice for Anaheim.

Dion Phaneuf, Los Angeles Kings

Contract Remaining: Two years, $7MM cap hit
Buyout Cost (each year): $2.917MM/$5.417MM/$1.417MM/$1.417MM

The Kings want to get younger and faster and want some cap space to improve. Moving Phaneuf accomplishes all of that, and L.A. has good blue line depth to fall back on in the short-term. Like Perry, this buyout hurts in year two, but is otherwise tolerable. The Kings will try to trade Phaneuf and may succeed, otherwise this is a likely buyout scenario.

Scott Darling, Carolina Hurricanes

Contract Remaining: Two years, $4.15MM cap hit
Buyout Cost (each year): $1.233MM/$2.333MM/$1.183MM/$1.183MM

One of the earliest reported buyout rumors was that of Darling, and for good reason. The former star backup has not panned out as a starter for Carolina, a team that made it to the Eastern Conference Final with a tandem of a UFA flier and a veteran waiver claim. The Hurricanes may not have any experienced goalies under contract for next season yet besides Darling, but that won’t stop them from moving on and going back to the free agent market or their talented pipeline for answers, especially with this very palatable buyout and few cap concerns.

Ryan Callahan, Tampa Bay Lightning

Contract Remaining: One year, $5.8MM cap hit
Buyout Cost (each year): $2.667MM/$1.567MM

Callahan won’t be in Tampa one way or another next season. The team is facing a difficult cap crunch and there’s no room for the veteran, who has played little role in recent years. A buyout doesn’t give the Bolts the full savings they’d hope for this upcoming season and a trade likely remains preferable, but Callahan’s stock is not high and a buyout remains the more likely resolution.

Valeri Nichushkin, Dallas Stars

Contract Remaining: One year, $2.95MM cap hit
Buyout Cost (each year): $700K/$450K

Nichushkin’s age makes his buyout fall under the second category of buyout wherein only one-third of the remaining salary is accounted for. As such, his buyout would mean almost nothing for Dallas’ cap calculations. The young winger failed to score a goal last season as a regular player and both sides would seemingly benefit from a split. It’s not certain that the Stars will move on, but should they choose to, a buyout is a painless option.

Brendan Smith, New York Rangers

Contract Remaining: Two years, $4.35MM cap hit
Buyout Cost (each year): $971K/$3.146MM/$1.146MM/$1.146MM

Smith has been a disaster in New York and certainly not the player that the Rangers saw perform well in the postseason as a deadline addition in 2016-17. It’s hard to see a fit for Smith moving forward, even more so than other unfriendly defense contracts like Marc Staal and Kevin Shattenkirk. It’s even more difficult to see him having any trade value, so the team would have to go the buyout route. It’s not a terrible option, but as frequently happens, the year one savings come back to bite with a hefty year two increase.

Karl Alzner, Montreal Canadiens

Contract Remaining: Three years, $4.625MM cap hit
Buyout Cost (each year): $1.069MM/$4.194MM/$2.194MM/$1.069MM/$1.069MM/$1.069MM

Alzner had one point in nine games with Montreal last season, which is enough to say he’s not in the Canadiens’ long-term plans. He could be on their books for a long time to come with a potential six-year buyout structure, but at a relatively low cost most years. Alzner needs a fresh start and it’s fair to assume that Montreal will give him one.

Milan Lucic, Edmonton Oilers

Contract Remaining: Four years, $6MM cap hit
Buyout Cost (each year): $3.625MM/$5.625MM/$4.125MM/$5.625MM/$625K/$625K/$625K/$625K

Loui Eriksson, Vancouver Canucks

Contract Remaining: Three years, $6MM cap hit
Buyout Cost (each year): $5.556MM/$5.556MM/$3.556MM/$556K/$556K/$556K

Lucic and Eriksson have been tied together by rumors all off-season and one more thing they share: poor buyout possibilities. As bad as Lucic’s contract is, based on his drop-off in performance, his buyout is still very expensive for four more years and then extends another four years beyond that. The Oilers would be better off continuing to search for some way to trade him, no matter how slim the chances. As for Eriksson, his front-loaded contract makes a buyout pointless. The Canucks would pay almost the same amount in each of the next two years as if he was still on the team, then would have the cap penalty for another four years after that. Vancouver and Edmonton are likely stuck with these players, unless of course they swap them for each other.

Los Angeles Kings Contemplating Buying Out Dion Phaneuf

at CDT | by 5 Comments

With a rebuild on the horizon, the Los Angeles Kings must find a way to open up roster space as well as salary cap room to take their next step under new head coach Todd McLellan. One potential contract that has come under scrutiny recently is that of Dion Phaneuf. In fact, Sportsnet’s Nick Kypreos said late Saturday night that the Kings are considering buying out the veteran defenseman:

Other options that the L.A. Kings have is buying out Dion Phaneuf. He’s got two years left at $12 million. That would get him $8 million over the next four years and a chance to get back into unrestricted free agency on July 1.

Phaneuf signed a seven-year, $49MM contract with the Toronto Maple Leafs in 2013, but the 34-year-old saw his play take a huge drop this season as he played in 67 games with just one goal and six points for the year. He received the first healthy scratch of his career in February and saw his ATOI drop from almost 20 minutes per game to 15. At $7MM per year for another two years, the team might be ready to move on from the veteran. While the team would see significant cap relief this year with a buyout as their cap hit would only be $2.92MM, the team would still have a considerable hit at $5.42MM next season as well as a $1.42MM in both 2021-22 and 2022-23.

The Kings have a number of veterans on their blue line, including Drew Doughty, Alec Martinez and Derek Forbort, although there has been talk that L.A. may opt to move Martinez as he is likely the team’s top trade chip if they want to upgrade their team. On top of that, the Kings may be ready to give some of its younger players more significant minutes this coming season. The team has a number of interesting players who could be ready, including Sean Walker, Paul Ladue, Kurtis MacDermid, Matt Roy, Kale Clague, former college stars Daniel Brickley and Michael Anderson, as well as recently acquired Sean Durzi, who dominated at the Memorial Cup last week.

 

 

Patrick Marleau, Toronto Maple Leafs Ready To Part Ways

at CDT | by 12 Comments

A rumor several days ago suggested that the Toronto Maple Leafs would like to move on from 39-year-old winger Patrick Marleau, who is coming off a disappointing season this past season. With Toronto’s general manager Kyle Dubas trying to balance multiple players and their contracts into the team’s already full salary cap, the team was expecting more out of Marleau, who posted his worst goal totals (16) since his rookie campaign back in the 1997-98 season.

While many have squashed the rumors that Toronto was trying to send him to the Los Angeles Kings Friday, Sportsnet’s Nick Kypreos reported late last night during a Headlines segment on Hockey Night in Canada that Marleau would like to leave Toronto and would prefer to be moved to a west coast team:

It sounds like Marleau and the Maple Leafs are set to part ways. The family is going to move back to San Jose. Patrick Marleau has made it clear to the Toronto Maple Leafs that he’d like to get closer to his family once again, which means moving to the west coast area.

That could make Los Angeles a legitimate candidate, despite reports to the contrary. Kypreos also mentioned the Colorado Avalanche and Arizona Coyotes as other options for Marleau, while can you never totally rule out a return to San Jose. The original belief is that with a no-movement clause, the Maple Leafs might have had a challenging time finding a trade partner considering he could reject any offer, but it now looks like Marleau will be much more willing to move on from Toronto. Marleau, who will be wrapping up the final year of the three-year, $18.75MM deal he signed back in 2017, will make only make $4.25MM next season, but does carry a $6.25MM AAV. The Maple Leafs would likely have to attach a pick or prospect to any deal to unload Marleau’s contract and might even have to retain salary to make a deal work.

The Avalanche might be one of the best options for Toronto as Colorado should have more than $37MM in available cap space, although the team has a number of important restricted free agents they must re-sign, including winger Mikko Rantanen. However, Marleau could be a veteran presence the Avalanche wouldn’t mind adding for one season. The other teams would require sending another significant contract back to Toronto, perhaps one with a lower AAV, but longer term. The Kings would have to send back a contract and while they might be willing to move on from some players such as forwards Ilya Kovalchuk (two more years at $6.25MM), Dustin Brown (three more years at $5.875MM) or defenseman Dion Phaneuf (two more years at $5.25MM), none of whom would fulfill Dubas’ desire to free up salary cap space. Arizona, which is another team that must deal with salary cap issues starting this off-season, has a few cheaper options and could be an interesting option, including forward Michael Grabner (two more years at $3.35MM) or defenseman Jason Demers (two more years at $3.94MM).

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