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Ilya Kovalchuk

Dead Space: Bought-Out, Buried, And Retained Salaries For Every Team

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It’s something that often goes unnoticed, but with the cap showing minimal growth the last few years, teams are starting to feel the crunch more than ever. Buyouts have become more common, especially with players with under three remaining years on their contracts. And it’s not just the big name busts that have seen the ax lately – we’ve seen lesser names at lesser money take the fall for their respective teams, then needing to scramble for work elsewhere in the league. Additionally, salary retention in trades has become a more utilized tactic as of late. Teams with “unmovable” contracts have offered to retain part of a poor contract in order to entice a team into giving them some relief.

All this said, some teams have been better with foresight than others. Some teams have shown a track record of being entirely unable of handing out poor contracts over the past five or so seasons. Considering many teams showed some progress in being more frugal this off-season, it seems a wise time to review the dead space every team has accumulated, either due to poor management decisions or poor luck.

Colorado Avalanche – $4.83 MM in 2017-18, issues resolved after current year – Francois Beauchemin buyout; Cody McLeod retained

Arizona Coyotes – $4.61 MM in 2017-18, issues resolved after 2020-21 – Mike Smith retained; Mike Ribeiro, Antoine Vermette buyouts

Columbus Blue Jackets – $4.025 MM in 2017-18, issues resolved after 2020-21 – Fedor Tyutin, Jared Boll, Scott Hartnell buyouts

Carolina Hurricanes – $3.71 MM in 2017-18, issues resolved after 2020-21 – Eddie Lack retained; Alexander Semin, James Wisniewski buyouts

Toronto Maple Leafs – $3.28 MM in 2017-18, issues resolved after 2021-22 – Tim Gleason, Jared Cowen buyouts; Phil Kessel retained

Nashville Predators – $2.83 MM in 2017-18, issues resolved after 2018-19 – Viktor Stalberg, Eric Nystrom, Barret Jackman buyouts

Boston Bruins – $2.73 MM in 2017-18, issues resolved 2019-20 – Dennis Seidenberg, Jimmy Hayes buyouts

New York Rangers – $2.61 MM in 2017-18, issues resolved after 2022-23 – Dan Girardi buyout

Minnesota Wild – $2.5 MM in 2017-17, issues resolved after current year – Thomas Vanek buyout

Los Angeles Kings – $2.4 MM in 2017-18, issues resolved after 2023-24 – Matt Greene buyout; Mike Richards termination/recapture

Edmonton Oilers – $2.33 MM in 2017-18, issues resolved after 2020-21 – Lauri Korpikoski, Benoit Pouliot buyouts

Anaheim Ducks – $2.21 MM in 2017-18, issues resolved after 2023-24 – Mark Fistric, Simon Despres buyouts; Patrick Maroon retained

Vancouver Canucks – $2.13 MM in 2017-18, issues resolved after 2021-22 – Roberto Luongo, Jannik Hansen retained; Chris Higgins buyout

New Jersey Devils – $2.09 MM in 2017-18, issues resolved after 2023-24 – Mike Cammalleri, Devante Smith-Pelly buyouts; Ilya Kovalchuk recapture

Tampa Bay Lightning – $1.83 MM in 2017-18, issues resolved after 2019-20 – Matt Carle buyout

Calgary Flames – $1.82 MM in 2017-18, issues resolved after 2018-19 – Mason Raymond, Lance Bouma, Ryan Murphy buyouts

Detroit Red Wings – $1.67 MM in 2017-18, issues resolved after 2020-21 – Stephen Weiss buyout

Dallas Stars – $1.5 MM in 2017-18, issues resolved after 2018-19- Antti Niemi buyout

Philadelphia Flyers – $1.5 MM in 2017-18, issues resolved after current year – R.J. Umberger buyout

Winnipeg Jets – $1.46 MM in 2017-18, issues resolved after 2018-19 – Mark Stuart buyout

Florida Panthers – $1.33 MM in 2017-18, issues resolved after 2018-19 – Jussi Jokinen buyout

Las Vegas Golden Knights – $1.1 MM in 2017-18, issues resolved after current year – Alexei Emelin retained

Ottawa Senators – $350,000 in 2017-18, issues resolved after current year – Andrew Hammond buried

Buffalo Sabres – Minimal in 2017-18, increased issues ($791,00) resolved after 2022-23 – Cody Hodgson buyout

 

 

Chicago Blackhawks, St. Louis Blues, Washington Capitals, Pittsburgh Penguins, New York Islanders, San Jose Sharks,  Montreal Canadiens – No dead cap space

After compiling the list, it became clear that utilizing these options isn’t a complete hindrance to competing in the NHL. In fact, most clubs have between $1 MM and $3 MM in dead space. That said, of the teams that have not needed to utilize the buyout or retention options, there has been a great deal of success. And among the five worst offenders, the Leafs, Hurricanes, Blue Jackets, Avalanche, and Coyotes, none has moved past the first-round in multiple years. It’s hard to draw massive conclusions without taking the context of each individual situation into account, but there is something to be said for making every dollar of cap space count. Perhaps this is merely a byproduct of past success rather than an indicator of future success, but considering how amenable many managers have become to the option, it bears consideration.

(All totals courtesy of the fantastic CapFriendly.com)

Ilya Kovalchuk Still Has “Dreams Left” To Accomplish In NHL

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If you’re sick and tired of hearing about Ilya Kovalchuk this summer, know that it isn’t over just yet. After a long back and forth that ended in the Russian sniper signing back with SKA St. Petersburg of the KHL for another season, he’s not finished with his desire to return to the NHL. According to Igor Eronko of Sport-Express, Kovalchuk today said that this would be his last year in the KHL, and that “there are some dreams left” in North America. Ilya Kovalchuk

Kovalchuk of course left for the KHL in the middle of a 15-year contract from the New Jersey Devils, spurning many fans along the way. His return this year would have been predicated on the Devils completing a sign-and-trade, something that he won’t have to worry about next year. His rights are relinquished by the team when he turns 35, and he’ll be granted unrestricted free agency on July 1st.

It’s unclear how many teams would have interest in the then 35-year old, as there are some restrictions on contracts signed at that age. It would however allow him to sign a one-year incentive laden contract, built with a low salary and performance bonuses for games played, points scored and other things. That’s if he doesn’t get multi-year options, as many believed he was after this year.

Coming off a 78 point season in the KHL last year, it’s clear that Kovalchuk can still play at a high level, but whether that game translates back to the NHL is unclear. Remember this is a player who twice scored 52 goals in a season, and was one of the most dynamic mixes of speed and power in the entire league.

This seems like the end of the Kovalchuk rumors for now, but as the 2017-18 season comes to a close expect it to ramp back up. For now, Russia will look forward to having him on their Olympic roster and SKA will try to win another Gagarin Cup.

Photo courtesy of USA Today Sports Images

Shero May Not Be Done Dealing

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The New Jersey Devils have had a phenomenal off-season by every measure. They lucked into the 1st overall pick and locked up Nico Hischier. They acquired Marcus Johansson for pennies on the dollar. They’ve shed salaries and ditched older, under-performing players. They bought out Mike Cammalleri and Devante Smith-Pelly for measly penalties and are embracing a full rebuild. About the only thing that could have gone better is if Ilya Kovalchuk’s rights were dealt for a king’s ransom.

According to Fluto Shinzawa of the Boston Globe, GM Ray Shero may not be done in trying to improve his team. Obviously, he needs to round out his depth, as there are only 34 contracts locked up, and the bottom lines and AHL need filling out. He also needs to re-sign RFAs Damon Severson, Stefan Noesen, Joseph Blandisi, and 6 others. Still, his team will find itself in the bottom 5 teams in cap expenditure, with $19.42 MM in space before any of these lesser signings. That leaves the management plenty of room to manuever.

Shinzawa suggests that Shero may utilize his relationship with Nashville GM David Poile to secure some extra scoring, considering the hefty sums they will need to hand out to RFAs Viktor Arvidsson and Ryan Johansen. While this is a possibility, it’s hard to see which contract Nashville would be willing to move. It’s perhaps more likely that Shero pursues a young defenseman. Anaheim still has a wealth of talent, and if they wanted to go the more aged route, Detroit is in a financial bind on the backend. Another name which might confuse some but who has a long relationship with Shero is Penguins’ D Olli Maatta. Maatta has vastly underperformed since signing his contract extension in Pittsburgh, and for the right price could be available. Vegas is still very willing to negotiate hockey deals, and their promising defenseman include the likes of Colin Miller and Shea Theodore.

Shero’s best ally right now is the cap crunch other teams are feeling. A productive forward could be sniped from Toronto on the cheap, and Chicago still needs to shed money somewhere along the line if the Marian Hossa LTIR situation goes south. He’s known primarily for his trade prowess which helped solidify the 2009 championship team in Pittsburgh, and it wouldn’t be out of character for him to again heavily work the phones. Hischier will need some sort of support, as the roster as it stands, while better than last year, is still incredibly lean.

KHL Confirms Kovalchuk Will Stay In Russia

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The KHL tweeted today that Ilya Kovalchuk officially will stay in Russia for one more season and play for his current team, SKA St. Petersburg. As reported last week by PHR, Larry Brooks of the New York Post and Andrew Gross of The Record both reported that Kovalchuk had decided to stay one more year in Russia and come back to the United States next year when he can become an unrestricted free agent and negotiate with anyone.

Kovalchuk was still property of the New Jersey Devils and any way of playing in the NHL this season would have been reliant on the Devils trading him to another team. However, it doesn’t necessarily get easier for Kovalchuk now that he will be a free agent at age 35. Any contract he signs stays on a team’s cap regardless if he retires or is bought out. Therefore, a long-term deal is unlikely, although Kovalchuk’s asking price for this year was a three-year, $6.5MM per year deal.

The 34-year-old former first-overall pick in 2001 has played in the KHL for the past four years, putting up his best-ever season in the KHL last year when he scored 32 goals and 46 assists for 78 points. Several teams had expressed interest in the veteran, including the New York Rangers, the Florida Panthers and the Columbus Blue Jackets.

KHL Notes: Off-Season, Gilroy, Roy, Zadorov

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Given the relatively weak NHL free agent market and the financial instability of the KHL, it would not have been a surprise to see an influx of talent come overseas this off-season. When Vadim Shipachyov signed with the Vegas Golden Knights in June, it seemed that floodgates were about to open. Yet, one month later, it’s been quite the opposite. Other than Shipachyov’s SKA St. Petersburg teammate Evgeni Dadonov signing with the Florida Panthers, most big names in the KHL have re-signed, while others in North America have crossed over. Already, Mikhail Grigorenko and Nikita Nesterov have left the NHL for a return to Russia, as have Sergey Kalinin and Roman Lyubimov; prospects Nikita Gusev, Kirill Kaprizov, Vladislav Gavrikov, and Ilya Sorokin have decided to stay put, and so too have former NHLers playing overseas like Ben Scrivens, Paul Szczechura, and of course Ilya Kovalchuk; and even Nashville Predator’s first-round pick Eeli Tolvanen, spurned by Boston College, has signed in the KHL.

  • Joining the trend of former NHLers staying in the KHL and joining Tolvanen with Helsinki, Finland-based club Jokerit is defenseman Matt Gilroy. The team announced the signing this morning, inking one of the KHL’s top-scoring blue liners to a one-year deal. Gilroy, 32, is a former Boston University standout who played in 225 NHL games over six seasons with the New York Rangers, Tampa Bay Lightning, Ottawa Senators, and Florida Panthers. Unable to ever find a long-term home or lock down a regular role, Gilroy crossed the Atlantic in 2014 and has never looked back. Gilroy had the best season of his professional career in 2016-17, but nonetheless decided to stick it out overseas.
  • NHL veteran and four-time 20-goal scorer Derek Roy has bucked the trend of staying in the KHL, but he’s also not heading back to the NHL next season either. Roy continues his tour around Europe, as he has left Russia to sign in Sweden. Roy originally left the NHL to sign in Switzerland with the NLA’s SC Bern in 2015, and after a strong campaign, took a step up to the KHL. Roy played 21 games with Avangard Omsk last year before a mid-season trade sent him to Traktor Chelyabinsk for 34 games and the postseason. Altogether, Roy posted just 11 goals and 11 assists in the KHL last year, a drop off from his production in the NLA and from his NHL days as well. Roy will try his hand at the SHL this season, after signing with Linkoping HC, and will try to boost his offense back toward the 30+ point mark that he hit in the NLA and annually reached in the NHL, even at the end. At 34 years old, Roy is still trying to make the most of his ability overseas, but the door is not closed for a member of the NHL’s 500-point club to eventually try to make his North American comeback
  • CSKA fans shouldn’t get their hopes up, but KHL insider Aivis Kalnins is reporting that the club has a deal in place with young Colorado Avalanche defenseman Nikita Zadorov if the restricted free agent cannot come to terms on a new NHL deal. The news has gained traction today, but seems unlikely to be anything more than jsut a negotiation tactic. The 22-year-old blue liner is from Moscow, where CSKA plays, but played his junior hockey with the London Knights of the OHL before being drafted 16th overall by the Buffalo Sabres in 2013. Zadorov may have connections to his hometown team, but has always shown a commitment to North American hockey. The 6’5″, 230-lb. defender logged almost 20 minutes of ice time per game last year for Colorado, and even though they were historically bad, it seems extremely unlikely that they would let their best young defenseman go unsigned. The Avs have plenty of cap room and will budge on term if need be. Even if they couldn’t come to terms, the rebuilding Avs could get plenty in return for dealing Zadorov. Don’t expect him to use the CSKA safety blanket this off-season or any time soon. Grigorenko will be the only 2016-17 Avs member headed to Russia next season.

Ilya Kovalchuk Will Return To KHL

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The Ilya Kovalchuk saga may be over, at least for now. Larry Brooks of the New York Post is reporting that the Russian winger will return to the KHL for another season, making him an unrestricted free agent and able to sign with any team next summer. Andrew Gross of The Record confirms the report that he’s headed back, though there has not been any confirmation from a KHL team on where he’ll play next season.Ilya Kovalchuk

Kovalchuk’s camp has been talking to teams around the NHL for months since announcing his desire to return to the league next season, but hasn’t been able to find a deal that would be be acceptable to him, his new team and the New Jersey Devils. The Devils, though not interested in bringing Kovalchuk onto their own team, still had his rights and would have had to complete a sign-and-trade with another team to see him play in the league. Brooks reports that Devils’ GM Ray Shero did try to facilitate trades, but nothing worked out in the end.

The 34-year old will become a UFA next summer on July 1st, but will be hampered by the restrictions placed on 35-year old contracts in the NHL. Any contract signed after a player turns 35 will count against the cap regardless of whether the player retires or is bought out, and since Kovalchuk comes with a checkered past in this regard, it’s unlikely to see a team offer him any sort of long-term deal.

There is also doubt about his ability to even make an impact at the NHL level, as even though he put up 78 points this season for SKA St. Petersburg, things haven’t always been so rosy for him in Russia. Two years ago Kovalchuk scored only 16 goals on a less talented St. Petersburg team, and even this year his play fell off in the Gagarin Cup playoffs. While he was one of the most dominant power forwards in NHL history for a time, there is no guarantee his game can still work in the newer, faster league of today.

That’s not to say he won’t find a deal in 2018, as there will surely be teams after him with no compensation attached. Any contender who believes they can fit Kovalchuk into their system could make an offer, hoping to at least get a 20-goal version of him. With players like Patrick Marleau and Joe Thornton getting big paydays even at advanced ages, it’s clear there will be a market for Kovalchuk next summer, though it might come on a very short-term deal.

Photo courtesy of USA Today Sports Images

New Jersey Notes: Kovalchuk, Kerfoot, McLeod

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NHL Network analyst Brian Lawton tweets that Devils Ilya Kovalchuk has told several clubs that he wants a three-year deal worth at least $6.5MM if he will consider returning to the NHL. Many teams have expressed interest and the belief is that the Devils’ Ray Shero wants to move Kovalchuk in hopes of bringing back a young player and a pick. He scored 32 goals last year in the KHL and has previously expressed interest in staying in the New York area, although not likely for the Devils, or to play in Florida. However, that hasn’t stopped most teams from inquiring with New Jersey. The New York Rangers and the Columbus Blue Jackets both have expressed interest in acquiring the 34-year-old wing.

International reporter Slava Malamud tweets that Kovalchuk’s demand is in line with what he is making in the KHL. He made $5.5MM with his team, St. Petersburg SKA last season and, according to Malamud, he is being offered $6.5MM now to stay in Russia.

  • The Record’s Andrew Gross tweets that New Jersey Devils general manager Ray Shero is still looking to sign Harvard University center Alexander Kerfoot. The 22-year-old was a fifth-round pick by New Jersey in the 2012 draft and just wrapped up his final season for the Crimson. He finally had a breakout season this year, putting up 16 goals and 29 assists as a senior. The problem is that since he’s a fourth-year college player, there is a loophole that allows four-year players to become free agents on Aug. 1. Some believe the Vancouver native may choose to sign with his hometown team instead.
  • The Devils have high hopes that not only will 2017 first-overall pick Nico Hischier make the opening night roster for New Jersey, but the team also hopes that 2016 first rounder Michael McLeod might join him. The 12th-overall pick scored 27 goals for the OHL’s Mississauga Steelheads and Gross tweets that the team hopes he could take over as the team’s third-line center.

Ilya Kovalchuk Situation Remains “Murky”

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The ongoing battle over where Ilya Kovalchuk will play next year has taken another turn, and this time (like every other it seems) it’s not clear where he will end up. Chris Johnston of Sportsnet tweeted that there has been talk of a potential return to the KHL next season, and a report out of Russia has the head of SKA St. Petersburg set to meet with the star on Thursday to discuss a possible contract.

Kovalchuk has been clear that he wants to come to the NHL, but with the league perhaps not willing to give him the term or salary he’s after while an extra price is attached to him he may have to wait another year. Should he want to play in the NHL this year, a team would have to sign him to a contract and make a trade with New Jersey for his rights. While it’s not clear what asset the Devils would want in return, waiting to sign Kovalchuk next season comes with no dangling threads. He’ll be 35 then, but an unrestricted free agent able to sign with any team.

It may seem prudent to wait that long, but 35+ contracts do come with some intricacies that should be made clear. First, the team would be on the hook for the cap hit regardless of what happens to Kovalchuk. Though it’s unlikely he’d bolt a second time for the KHL, he is regarded as a national hockey hero in Russia and would be constantly wooed by the league to return. Another “retirement” from the North American ice would leave the team with a large dead cap hit on the books. The interesting option though could be an incentive-laden deal next summer.

After 35, players are allowed to take one-year deals with performance bonuses attached to certain season milestones. Any team unsure of how Kovalchuk could come over, could build in a relatively low salary with regular bonuses for games played, goals and points. Whether Kovalchuk would accept a one-year deal isn’t clear, but he could maximize his earning potential this way if he believes he can still be a star in the league. Either way, it’s unclear where the Russia star will land this season, and why we didn’t include him in our top free agent list (he’s not technically a UFA).

Metropolitan Snapshots: Grubauer, Kovalchuk, Ryan

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Not that there are a lot of starting goaltending options available, but the Washington Capitals may have to move their backup Philipp Grubauer after all. With the impending defensive losses of free agents Kevin Shattenkirk and Karl Alzner, who the team likely cannot afford after the team locked up T.J. Oshie to an eight-year deal, and the loss of 25-year-old top-four defender Nate Schmidt to the Vegas Golden Knights in the expansion draft, the team must find a way to replace their blueliners.

With cap room almost entirely used up and with several restricted free agents still to lock up, the Capitals have only two places to look to fill those holes – either from within or via trade, according to J.J. Regan of CSN Mid-Atlantic. The team still retains several key defensemen, including restricted free agent Dmitry Orlov, veterans Brooks Orpik and Matt Niskanen as well as John Carlson. From within, the team has 22-year-old Madison Bowey on hand, who might be ready to make the jump to the NHL. He was out with an ankle injury and missed a lot of the AHL season a year ago, but still had 14 points in 34 games. Still, he may not be the player you count on to jump onto a playoff team’s defensive line.

Therefore, the lack of depth on defense could easily force the team to move Grubauer, who was often talked about as an expansion candidate for the Golden Knights. However, since Grubauer has little chance to grab a starting gig in Washington and isn’t even the future of the franchise as that role likely belongs to 2015 first-round pick Ilya Samsonov. There are still several teams who need a quality, young goaltender and they may be able to offer an inexpensive blueliner to fill Washington’s needs.

  • While there have been dozens of teams linked to Ilya Kovalchuk over the past two months since he announced he’d like to return to the NHL, the Columbus Blue Jackets are one team that have shown interest in the 34-year-old Russian winger. However, while that interest still exists, Columbus Dispatch’s Aaron Portzline tweets that the team, as of today, are not in full pursuit of Kovalchuk, and are currently searching for a Top-6 center to fill in the gap.
  • The Carolina Hurricanes are closing in to signing Derek Ryan to one-year deal, tweets Edmonton Oilers radio analyst Bob Stauffer. Ryan, was a Masterson Trophy finalist this past year, which goes to a player who best exemplifies the qualities of perseverance, sportsmanship and dedication to ice hockey. At age 30, the center finally broke through into the NHL after years of playing in Europe and the AHL, finishing the season with 11 goals and 18 assists for 29 points and being credited for helping change the culture of the Hurricanes locker room. He is coming off a one-year, $600,000 contract and looks to be getting a solid raise.

New York Rangers Have Plenty Of Holes To Fill

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The New York Rangers are a team with multiple holes to fill during the offseason as they have lost two key players in center Derek Stepan, who they traded to Arizona on Friday and blueliner Dan Girardi, who they waived before the expansion protection rosters were due a week ago, to protect younger players. On top of that, both proved to be among the team’s top defenders against opposing teams’ top lines. They must be able to replace that.

Both holes, not including the backup goaltending spot that was vacated after the team moved Anttii Raanta to the Coyotes as well, must be filled from without and the franchise didn’t get much immediate help in return from Arizona. The team received 21-year-old defenseman Anthony DeAngelo, who played 39 games for the hapless Coyotes. While the former 2014 first-rounder fared well in those games, putting up five goals and nine assists in that span, that doesn’t translate that he will make the roster outright with the Rangers. The other asset they received in the trade was the No. 7 pick in the 2017 draft, which turned into 18-year-old center Lias Andersson, who will likely need a few years to reach New York.

According to New York Posts’ Larry Brooks, the team should look into acquiring two veterans who can fill those roles for the next year or two until some of their younger players are ready for bigger roles. The scribe lists 37-year-old center Joe Thornton as the perfect player to take over as the team’s top center. He could play next to his friend Rick Nash and form a solid line. A second option would be to trade for New Jersey’s Ilya Kovalchuk to fill that same spot, despite the possibility that New Jersey’s general manager Ray Shero may force the team to move a quality player. If the team promotes from within, there should be a lot of pressure of 2010 first-rounder Kevin Hayes, who at 25, might be ready to take his game to the next level. Hayes has had three solid seasons with the Rangers, putting up nearly 50 points this last year and might be ready for an increased role.

On defense, the team should have close to $20MM in cap space and are expected to be players in the free agent market. They’ve already been linked to Washington Capitals’ unrestricted free agent Kevin Shattenkirk, but the team also hopes to have their own unrestricted free agent, Brendan Smith, locked up as well. Otherwise, they will have double the problems behind the line. Brooks adds the team attempted to move up from the seventh pick Friday to get Dallas’ third overall pick, likely to take top defensive prospect Cale Makar, but were not willing to pay the price for it. Makar ended up going fourth to the Colorado Avalanche.

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