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Mikko Rantanen Signs Six-Year, $55.5MM Deal With Avalanche

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With a number of key restricted free agents having signed in the last few days, only a few holdouts remain. However, one has come off the board as the Colorado Avalanche have signed star winger Mikko Rantanen to a six-year, $55.5MM contract with an AAV of $9.25MM, according to NHL.com’s Brennan Klak.

“Mikko has established himself as one of the premier young wingers in the NHL and is a big part of our core group,” general manager Joe Sakic said. “We look forward to having him back with the team as we get ready to start the season.”

The breakdown of the deal is here as Rantanen contract is all base salary with no signing bonuses (according to CapFriendly):

2019-20: $12MM base salary
2020-21: $12MM base salary
2021-22: $10MM base salary
2022-23: $6MM base salary
2023-24: $9.5MM base salary
2024-25: $6MM base salary

The deal looks like a good one for the Avalanche if compared to the only other significant long-term deal to compare it to, which was Mitch Marner’s six-year deal worth $65.36MM and a $10.89MM AAV. With Rantanen locked up at $9.25MM and Nathan MacKinnon’s $6.3MM AAV, the team has a young tandem locked up for a inexpensive $15.55MM for the next four years.

Considering Rantanen’s statistical production, Colorado looks to have gotten a steal. Rantanen has potted 80 goals and 209 points over three seasons including a career-high 31 goals and 87 points and many believe that there is plenty more to come. Marner, on the other hand, hasn’t come close to putting up the same points over his three-year span as he has tallied 67 goals and 224 points, yet walked away with the bigger contract, suggesting that Colorado may have walked away with a impressive contract considering what they were up against with the Marner contract hanging over their heads.

The Avalanche still have a significant amount of cap space remaining as Puckpedia reports that Colorado still has $7.1MM remaining in projected cap space even after signing Rantanen to his deal.

As for Rantanen, who is currently overseas, he must pass through immigration before he can come to Colorado, although reports suggest there is still a good chance Rantanen could be available to the team for their season opener on Thursday, Oct. 3 when they play the Calgary Flames at home.

Elliotte Friedman was the first to report on the signing.

East Notes: Faulk, Canadiens, Hall

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The Carolina Hurricanes kept Justin Faulk off the ice today leading to mass speculation about a potential trade. The 27-year old defenseman has been on the block for some time, with a deal getting extremely close with the Anaheim Ducks recently. Faulk is healthy according to head coach Rod Brind’Amour, who had Jake Gardiner running the powerplay today in his place.

Scheduled to become an unrestricted free agent after this season, Faulk is an expendable piece for the Hurricanes after adding Gardiner and other depth pieces to the blueline. The team should be able to boost their prospect system or forward group with a deal, returning some value for the former co-captain. Faulk scored 11 goals and 35 points last season, the sixth consecutive year he has broken the 30-point threshold.

  • Perhaps there would be a fit in Montreal, where the Canadiens are looking to move a forward according to Elliotte Friedman of Sportsnet. The scribe points out that Jonathan Drouin played the fewest minutes of any forward in Monday’s home loss to a Toronto Maple Leafs squad made up of almost entirely fringe NHL or AHL players. Several young forwards are pushing for more playing time in Montreal, giving them enough options to make someone expendable in the coming days.
  • Friedman also chimes in on the Taylor Hall extension speculation, noting that he believes they “are trying to make a serious run” at a deal right now. Hall is one of the premiere talents available in next summer’s unrestricted free agent crop and should command a huge dollar figure on any extension with the New Jersey Devils. In recent days the talks have picked up between the two sides, after GM Ray Shero did everything he could to improve the roster for the upcoming season.

East Notes: Nassau, Adams, Neuvirth, Point

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The New York Islanders have moved an additional seven games from Barclays Center to Nassau Coliseum during the upcoming season, taking the total to 28 of the team’s home games. That announcement comes just following the ceremony to break ground at the new Belmont Park arena today, at which Governor Andrew Cuomo kicked off the $1.3 billion redevelopment.

The new arena is expected to be ready for the 2021-22 season and will hold 19,000 people. After years of uncertainty, the Islanders organization is finally getting some structure and stability off the ice and will try to emulate that once again on it under head coach Barry Trotz and GM Lou Lamoriello.

  • The Buffalo Sabres have promoted former NHL forward Kevyn Adams to senior vice president of business administration, according to Elliotte Friedman of Sportsnet. The position isn’t associated with the hockey operations department, but will keep Adams in the organization after serving as GM of the Harbor Center previously. Adams played 607 games in the NHL over a lengthy career that included winning a Stanley Cup with the Carolina Hurricanes in 2006. He retired in 2008 and also served as an assistant coach with the Sabres in the past.
  • The Toronto Maple Leafs are headed to Montreal to take on the Canadiens this evening, but one player who was supposed to make the trip won’t be going. Michal Neuvirth was scheduled to play part of the game as he continues to battle with Michael Hutchinson for the Maple Leafs backup role, but will be replaced by prospect Joseph Woll. Head coach Mike Babcock told reporters including Kristen Shilton of TSN that Neuvirth “wasn’t feeling up to playing” tonight, after missing time recently with minor injuries. Minor injuries could seemingly be permanently discussed when it comes to Neuvirth, who hasn’t been able to stay consistently healthy throughout his career and now finds himself missing crucial time in his pursuit of a roster spot. The 31-year old goaltender is just on a professional tryout with the Maple Leafs, with cuts coming in the next few days for the team.
  • Though he finally signed today, Brayden Point won’t be on the Tampa Bay Lightning roster anytime soon. GM Julien BriseBois told reporters on a conference call that Point had hip surgery earlier this summer and is not expected to be back in the lineup until late October. While it’s obviously bad news that he won’t be ready for opening day, this may actually give the young forward enough time to get his game right after missing most of training camp already. The Lightning will have to make due without him for now and hope he can come back at full-strength in a few weeks.

NHLPA’s Decision To Re-Open CBA Will Be Announced Monday

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After the NHL announced that they have formally declined using their opt-out clause to re-0pen the current CBA early, the NHLPA has until Sept. 15th to make their decision on whether they want to opt-out of the current agreement after the 2019-20 season. Sportsnet’s Elliotte Friedman reports that while the deadline is Sunday, there is a provision in which the decision can be moved to the next business day, which means that the two sides have an extra day to negotiate before the NHLPA will decide whether to reopen the CBA or whether to keep it intact until Sept. of 2022.

The two sides have been negotiating for a full week now and will now get to continue one extra day as no decision now has to be made until the end of the day on Monday. The NHL has made it clear they want to keep things as they are.

“Our hope that a continued, sustained period of labor peace will enable us to further grow the game and benefit all constituent groups: NHL Players, Clubs, our business partners and, most important, our fans,” said NHL Commissioner Gary Bettman.

Current rumors, according to The Athletic’s Katie Strang (subscription required), is that negotiations have been less challenging than the ones during the last labor dispute that cost the league 113 days of lockout during the 2012-13 season.

Latest On Brayden Point’s Negotiations

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Mitch Marner has been stealing all the headlines lately when it comes to restricted free agent contract negotiations, but there is another Atlantic Division forward that is still without a deal and perhaps even more important to his team’s hopes this season. Many people believed Brayden Point would be one of the first high-profile names to come off the board this summer given the record of the Tampa Bay Lightning in past negotiations. Nikita Kucherov, Steven Stamkos, Victor Hedman, Ryan McDonagh and many others have all signed long-term deals to stay in Tampa Bay, almost all at a perceived discount. Point however is still without a deal as training camp starts, and Pierre LeBrun of The Athletic tweets that it is “not remotely close.”

Point,  23, has developed from third-round pick into one of the most valuable players in the NHL and is coming off a 41-goal, 92-point season last year. The undersized center is also one of the best defensive forwards in the league, earning Selke Trophy votes in both his sophomore and junior seasons in the league. That resume led many to believe that he may actually be young forward who should “set the market,” though Marner has grabbed significantly more headlines thus far.

The Lightning have worked hard this summer to clear enough cap room to sign Point, trading away J.T. Miller and Ryan Callahan’s contract while only adding bounce-back bargains like Kevin Shattenkirk and Patrick Maroon. The team has almost $8.5MM in cap space currently, but the real issues may come further down the line. With Andrei Vasilievskiy’s extension kicking in next season and all three of Anthony Cirelli, Mikhail Sergachev and Erik Cernak hitting RFA status the Lightning will be in a very tight cap situation once again.

Tampa Bay has done bridge deals before for their top talent, but it’s unclear what exactly Point is looking for. Elliotte Friedman of Sportsnet wrote earlier this week that he expected the team to go the three-year contract route, but if there is really as big of a gap as LeBrun suggests, it’s hard to bet on anything at this point.

Photo courtesy of USA Today Sports Images

Philadelphia Flyers Re-Sign Ivan Provorov

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Deadlines bring action and with training camps set to open, yet another restricted free agent has agreed to terms on a new contract. The Philadelphia Flyers have re-signed defenseman Ivan Provorov to a long-term extension. Sportsnet’s Elliotte Friedman was the first to report the full terms of the contract, which is six years and $40.5MM, a $6.75MM AAV. Pierre LeBrun of The Athletic gives us the breakdown:

  • 2019-20: $6.75MM salary
  • 2020-21: $2.75MM salary + $2.0MM signing bonus
  • 2021-22: $4.125MM salary + $3.0MM signing bonus
  • 2022-23: $2.75MM salary + $2.0MM signing bonus
  • 2023-24: $5.5MM salary + $3.0MM signing bonus
  • 2024-25: $6.625MM salary + $2MM signing bonus

After a drawn-out negotiation, the Flyers wind up with a very reasonable contract for Provorov. Among the top young defensemen in the NHL and certainly the No. 1 defenseman in Philadelphia, the 22-year-old Provorov nevertheless settles for a cap hit that ranks just 16th among fellow defenders, tied with veterans Mark Giordano and Ryan McDonagh. Figuring for cap inflation and the corresponding rise in salaries over the next six years as well, this should prove to be a bargain if Provorov continues to progress. He is already a proven workhorse when it comes to big minutes and has shown the ability to produce at a high level. For his new price tag, continued success in those areas could make his a steal.

Of course, there is still risk to the new pact for the Flyers. If Provorov does continue to improve, the team could risk losing him at the end of this contract. He will be an unrestricted free agent and, at 28 years old, it will be just in time for another long-term deal. Philly may have to pay up to keep the 2015 seventh overall pick with the team that drafted him. The flip side is that there is also a chance that Provorov has already reached the peak of his ability and, if so, this deal may not bring the value that the Flyers hope. Provorov still has several holes to his game, including struggles on the power play and matching up at even strength with tough competition. The team has to hope that he still has room to grow and learn over the course of the new deal to better reflect his new cap hit.

With both Provorov and Zach Werenski signed, the pressure is now on for Charlie McAvoy and the Boston Bruins to agree to a new deal, as he is the final big-name RFA defenseman available. McAvoy’s camp is likely ready to take the last best offer, after both comparable players signed team-friendly deals. McAvoy is a younger and more dynamic player than Provorov, but has more still to prove after struggling with injuries in his first two seasons. The young defenseman is a better fit for Werenski’s recent contract structure than the deal just signed by Provorov, but he and the Bruins now have to options to consider.

Latest On Justin Faulk Trade Talks

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Though several reports have come out that there is trade on the table between the Anaheim Ducks and Carolina Hurricanes revolving around Justin Faulk, the deal still hasn’t been finalized thanks to a no-trade clause and extension talks. An extension hasn’t yet been reached, the Hurricanes defender can block a deal to Anaheim if he chooses, and according to Pierre LeBrun of The Athletic other teams have now increased their interest in trying and add the offensive-minded Faulk. Those teams include ones that would not require Faulk to waive his 15-team no-trade clause, though LeBrun doesn’t give any indication of who they may be.

With training camp just a few days from opening up across the league, Faulk has become the most talked about non-RFA around. His services would certainly help a number of teams in the league, but currently exists as a pure rental that is scheduled to become an unrestricted free agent next summer. Elliotte Friedman of Sportsnet believes that Faulk would be targeting $6.5-7MM per season on any extension, though he also wrote earlier today that the Ducks “appear willing to make the move without any long-term security at this time.”

At just 27-years old, Faulk represents the kind of player who would normally be extremely coveted on the open market. If he were an unrestricted free agent today, you can bet a number of teams would be knocking on his door trying to bring him in on a long-term deal, which makes the interest in him on the trade market understandable. If a team can acquire him for a reasonable cost a year early and extend him to a contract they believe he’s worth, they don’t have to fight the entire market next summer. That reasonable cost is the biggest question however, as there have been reports that Ondrej Kase would be involved in the deal should the Ducks get it done.

If that’s the kind of asset the Hurricanes would receive, it makes a lot of sense for them to move on from the puck-moving defenseman. Carolina recently added Jake Gardiner who, while being the other handedness, carries a lot of similarities to Faulk in regards to playstyle. They also have one of the deepest defensive units in the league, and could probably remove two names given that Haydn Fleury and Jake Bean look ready to take on increased minutes.

The Hurricanes also have to shed some salary before the season starts, though that could be accomplished in other ways if necessary. The team currently sits at just over $83MM in projected salaries for the 2019-20 season, though that takes 24 players into account, more than you can carry at any one time.

Snapshots: Malkin, Kase, Fiala

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Evgeni Malkin has been the target of trade rumors for years now, but after they perked up again following a disappointing 2018-19 season he’s hoping to put them behind him. In an incredible piece that delves into Malkin’s home life and the relationship he has had with teammates (including a spotlight on Phil Kessel) and coaches, Rob Rossi of The Athletic (subscription required) also got an idea of what the big Pittsburgh Penguins forward hopes his future holds:

It’s (a) huge next three years. I still want to play 100 percent — and sign (for) three more years with Pittsburgh.

Malkin’s current contract is set to expire in the summer of 2022, when he will be 35 (turning 36). That would mean another contract would be of the 35+ variety, adding some risk for the Penguins should Malkin decide to retire at any point during it. While that’s a long way away, you can bet GM Jim Rutherford has already contemplated his actions down the road in regards to the franchise icon.

  • With a Justin Faulk trade still being discussed between the Anaheim Ducks and Carolina Hurricanes, Sara Civian of The Athletic confirms previous reports that Ondrej Kase would be involved. That news has surprised some other teams around the league according to Elliotte Friedman of Sportsnet, who reports that Kase was unavailable in trade talks for a long time and suggests his new availability may be linked to health concerns. Kase has never played a full 82-game season in the NHL and actually has just 149 games to his name at this point in his career. Still, the 23-year old forward has shown an ability to score goals at a strong rate and could be a nice addition for the Hurricanes.
  • Kevin Fiala remains unsigned, but Minnesota Wild GM Bill Guerin hopes his talented young forward is in town for training camp when it starts in a few days. Guerin told The Athletic (subscription required) that the team has made a “fair offer” to Fiala and that the 23-year old is now deciding. Fiala came to the Wild from the Nashville Predators last season and put up seven points in 19 games down the stretch, but has shown flashes of top-line offensive potential in the past and could be a huge part of the turnaround in Minnesota.

Anaheim, Carolina Discussing Justin Faulk

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When the Carolina Hurricanes signed Jake Gardiner last week, speculation immediately erupted about the future of Justin Faulk. The right-handed Faulk has just one year remaining on his contract before hitting unrestricted free agency and was made expendable—at least on the powerplay—by the depth of the Carolina blueline. Now, Elliotte Friedman of Sportsnet reports that the Anaheim Ducks have had discussions with Carolina about the defenseman. Friedman notes that the Ducks are on Faulk’s no-trade list but would also like to work out an extension, and makes it clear that the deal is not done at this point. James Mirtle of The Athletic tweets that Faulk’s 15-team no-trade clause has been “causing issues” for Carolina as they try to move him.

Once considered a haven for young defensemen, the Anaheim blueline depth has become thinner and thinner over the last few years. The Ducks have watched Shea Theodore, Sami Vatanen and Brandon Montour leave town through various trades, leaving Cam Fowler, Hampus Lindholm and Josh Manson as the lone three defensemen the team can really count on this season. While Brendan Guhle, Josh Mahura and Jacob Larsson provide some interesting upside, adding Faulk would give the team another established name to line up in their top-four every night.

That said, the deal wouldn’t make much sense for Anaheim without the contract extension. The Ducks have turned their focus to the next wave of forwards coming through the system and will be without long-time core pieces like Corey Perry and Ryan Kesler. That young group is exciting and talented, but could very well leave Anaheim chasing in the Pacific Division. Faulk is just 27 however and should be able to contribute at a high level for the next several seasons.

That high level is impressive in this case. Faulk has been one of the most consistent offensive defensemen in the NHL over his career, recording at least 31 points in each of the last six seasons. Though he’s prone to a bad turnover and isn’t a star in his own end, there’s good reason to believe that he could have a lot of success in Anaheim if paired with Lindholm or Fowler.

For Carolina, moving on from their former co-captain made the most sense after Gardiner was acquired.  Dougie Hamilton, Jaccob Slavin and Brett Pesce are all signed for at least two seasons, while young Haydn Fleury and Jake Bean look ready to contribute. If the team can add some more offense or future assets in exchange for the expiring Faulk, it will only help them improve their own program that got all the way to the Eastern Conference Final last season.

Snapshots: Marleau, Morrissey, Flyers

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When Patrick Marleau accepted a trade from the Toronto Maple Leafs to the Carolina Hurricanes earlier this offseason, the writing was on the wall. Marleau would be bought out by the Hurricanes and would be free to return to the San Jose Sharks to finish his career where he was a franchise icon. Not so fast, as Elliotte Friedman of Sportsnet reports that Marleau’s agent Pat Brisson says there is no fit with the Sharks at this time and that his client will pursue other NHL opportunities.

Where exactly those opportunities may lie isn’t clear. The prevailing thought is that Marleau would rather spend his remaining time in the NHL near the west coast to be closer to his family that has moved back to San Jose, but there isn’t a clear fit with any of the California teams. The Los Angeles Kings and Anaheim Ducks are trying to get younger, not bring in a soon-to-be 40-year old winger who just experienced his worst offensive season since 1997-98. The Edmonton Oilers were recently suggested as a potential landing spot, though it is not clear at this point. As Kevin Kurz of The Athletic points out, Marleau continues to suit up with the Sharks during informal skates in his old Maple Leafs’ gear.

  • With the Winnipeg Jets still focused on their two unsigned star forwards, it’s easy to forget that next summer they will have another tough negotiation. Josh Morrissey, who has developed into a legitimate first-pairing option for the Jets over the last few years is entering the final season of a two-year deal signed last September and will be an arbitration-eligible restricted free agent next summer. Ken Wiebe of The Athletic caught up with Morrissey today to ask him about any potential negotiations and the young defenseman explained that there has been preliminary talks about a potential long-term extension. Morrissey told Wiebe, “I would love to play [in Winnipeg] throughout my career” but that he’s focused on the upcoming season. The 24-year old had 31 points in 59 games for the Jets last season.
  • The Philadelphia Flyers have made a few changes to their front office, promoting Ian Anderson to Director of Hockey Analytics and Jacob Hurlbut to Lead Developer in the department. The team has also hired Tom Minton as Director of Hockey Information/Video and Matthew Karliner as an Analyst. GM Chuck Fletcher has obviously chosen to invest in the team’s analytic department moving forward, hoping to find any edge possible.

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