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Jacob Markstrom

Vancouver Canucks Plan To Retain Jim Benning As GM

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Things are getting interesting in Vancouver. On the eve of their season finale, a disappointing season at that, rumors are swirling around the Canucks. Earlier reports suggested that sweeping changes could be coming to the organization, including a potential return of Daniel and Henrik Sedin in front office roles. Meanwhile, head coach Travis Green is still working on an expiring contract and there has been no indication that a resolution is in sight. Given all of this mystery and speculation, the Canucks have made perhaps the most surprising move they could: retaining GM Jim Benning. The often-criticized executive has been informed that he will be back with the team next year, reports Sportsnet’s Elliotte Friedman.

As Friedman relays, given all of the uncertainty that has arisen over the past 24 hours, ownership indicated to their front office leader that he would be returning. It’s a major decision to make ahead of a crucial off-season, as Benning will be charged with managing the Canucks’ approach to the NHL Expansion Draft (made more important by the Seattle Kraken becoming a geographical rival right away), properly executing a top-ten overall draft pick, and otherwise handling an off-season in which his roster must significantly improve despite sorely lacking cap space.

Therein lies most of the criticism of Benning as well. The GM, who has been on the job since 2014, has made some questionable decisions in regards to his most precious resource, cap space. Benning has deemed the likes of Brandon Sutter, Erik Gudbranson, Sam Gagner, Antoine Roussel, Jay Beagle, Sven Baertschi, and Micheal Ferland as being worthy of sizeable commitments during his tenure, which has hurt the team on the payroll and in opportunity cost. It also forced the departures of superior players, such as Jacob Markstrom, Chris Tanev, and Tyler Toffoli last off-season. Those losses were felt this year as the Canucks, fresh off a run to the Western Conference semifinals last year, lived in the basement all season. Benning is left having to pick up the pieces and will try to find a way to squeeze more talent into his roster this summer.

Why is it Benning fixing the problem though? For starters, his track record on the trade market and in the draft at least come close to balancing out his contract negotiation mistakes. Since the 2018-19 trade deadline, Benning has added core members Tanner Pearson, J.T. Miller, and Nate Schmidt at below-market prices. His recent draft picks also include current and budding stars such as Quinn Hughes, Nils Hoglander, Vasili Podkolzin, Jack Rathbone, Michael DiPietro, Jett Woo, Kole Lind, Jonah Gadjovich, and more. So while some of Benning’s criticism is fair, too often his successes are ignored. Despite allegedly wanting to make major internal changes, the Canucks understand and appreciate what Benning has achieved and what he is trying to build in Vancouver. It seems that he will now be given at least one more year to show that he is still steering the organization in the right direction. It’s unlikely to appease the fans in the meantime, but the club hopes that their loyalty will be rewarded.

Jacob Markstrom, Frederik Andersen Scratched Late Due To Injury

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Monday night’s match-up between the Calgary Flames and Toronto Maple Leafs has not one but two unexpected twists, both revealed in the hour leading up to puck-drop. The Flames first announced that starting goaltender Jacob Markstrom would not dress tonight and is considered day-to-day with an undisclosed upper-body injury. Minutes later, the Maple Leafs announced that their own starter, Frederik Andersen, also would not dress due to an undisclosed lower-body injury. It is not clear at this time how or when either injury was sustained.

In the long-term, the loss of Markstrom, possibly for multiple games, is the bigger story. A talented Flames roster has underachieved so far this season and are currently outside of the playoff picture. In a competitive North Division, Calgary is relying on major free agent acquisition Markstrom to help them battle back into postseason position. For the time being though, they will have to lean on incumbent David Rittich who has been serviceable in the past but is a notable downgrade from Markstrom. The team also used an emergency recall to add Artyom Zagidulin to the roster to dress as the backup tonight and possibly longer. The former KHL standout has a chance to make his NHL debut if his stay in Calgary is extended.

In the short-term though, the loss of yet another goalie in the Toronto organization is a major concern, especially if Andersen misses multiple games. The Leafs sit comfortably atop the division and can rely on the experienced Michael Hutchinson for a while. However, Hutchinson began the season as the Leafs’ fourth-string goalie. It has taken the waiver departure of Aaron Dell and injuries to Jack Campbell and now Andersen to boost Hutchison to the interim starter role. Behind him, untested Joseph Woll has been recalled to dress as backup and was the only choice, as the only other pro goalie under contract – Ian Scott – is also injured. The Leafs are an extended absence for Andersen or another injury in goal away from having to acquire another net minder.

Calgary Flames Sign Garret Sparks To PTO

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When the ECHL’s daily transactions today listed Orlando Solar Bears goaltender Garret Sparks as being recalled by the Calgary Flames, it left many puzzled. After some digging, Sportsnet’s Elliotte Friedman was among those to clarify that Sparks has signed a PTO with the Flames and will join the team for training camp.

Sparks, 27, spent this past season with the Vegas Golden Knights and even made an appearance with the team. However, he otherwise spent the entire season in the AHL and had fewer starts and lesser numbers than starter Oscar Dansk. A former Toronto Maple Leafs prospect and occasional backup, Sparks actually has nearly 40 NHL games on his resume as well as very strong career AHL numbers. Yet, in recent years he has failed to capitalize on his NHL chances and has outgrown the prospect label, leaving few options for the unrestricted free agent this off-season. Sparks signed with Orlando earlier this month without any better opportunities at the time.

Sparks now has a second chance to get back into the NHL this season as he is set to attend camp with Calgary. The Flames are set in the NHL with big free agent addition Jacob Markstrom and incumbent David Rittich, but Sparks could still be of value in some other roles. Sparks is likely to compete with fellow veteran Louis Domingue to get the nod as the team’s taxi squad goalie this season. The new roster fixture allows a select group of players to travel and practice with the NHL roster without counting toward roster limits  and with salary being treated as if they were in the minors. However, these players – and especially the No. 3 goalie – may not see much game action this season, so the slot is better used on a veteran than a prospect in need of appearances like Artyom Zagidulin or Tyler Parsons. Even if the Flames opt to go with Domingue for the taxi squad, they may still want to sign Sparks as a second AHL goalie. It is still unclear if Zagidulin will be recalled from his loan to the KHL to play in the AHL this year, but if not there will be a hole alongside Parsons for the Stockton Heat.

Calgary Flames Sign Josh Leivo

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Calgary is certainly stoking the flames of rivalry with the Vancouver Canucks this off-season. The Canucks reiterated all season long that re-signing starting goaltender Jacob Markstrom and defensive mainstay Chris Tanev were two of their biggest priorities this off-season. Instead, both players signed with none other than the division rival Flames. Now you can add another name to that list. After it was reported on Thursday that Vancouver was still actively pursuing a new contract with forward Josh Leivo, the Flames have come out today and signed him, as first reported by Nick Kypreos of Line Movement. It is a one-year, $875K deal, as confirmed by the team’s press release.

Leivo, 27, has not played since before Christmas after suffering a fractured kneecap in December. Had he not been sidelined by that injury, Leivo likely would have had a career year and would have had much more free agent attention resulting in a larger contract, rather than settling for a one-year deal and salary decrease. In 36 games to open the season, the skilled winger recorded 19 points. This put him just five points back of his career best but in 40 fewer games. A player who usually opted for shots over passes still managed to showcase some newfound playmaking ability, setting a career high with 12 assists prior to his injury. The Canucks suited up for 69 games before the NHL was put on pause. Had Leivo been healthy through the whole season, he would have finished with 36 points on the year. This would have placed him sixth among free agent forwards in points.

The Flames hope that this move is more than just a shot at the Canucks. If Leivo can return to the level of play he displayed prior to his injury, they could be paying less than $1MM for a player with 40-point upside. However, even if Leivo’s recovery is not complete by the time the season begins or if he doesn’t quite work his way back to full strength this season, Calgary is still getting a talented bottom-six forward who can chip in on offense. It’s hard to see this contract being anything less than a worthwhile gamble for a team who needed to add another offensive asset to their forward corps.

Calgary Flames Sign Jacob Markstrom To Six-Year Deal

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The Jacob Markstrom sweepstakes has a winner. The top goalie on the free agent market opted not to re-sign with the Vancouver Canucks but instead to join the rival Calgary Flames. The Flames have announced that they have agreed to terms with Markstrom on a six-year, $36MM contract. TSN’s Bob McKenzie adds that Markstrom’s deal carries a full No-Movement Clause.

Markstrom, 30, picked a good time to have a career year. In a market with numerous teams needing a new starting goalie, Markstrom was the consensus top option after posting a .918 save percentage and .535 winning percentage. Markstrom finished fourth in the Vezina Trophy voting for the best goalie in the league and was voted the Canucks’ team MVP. In a contract year, he established himself as a legitimate long-term starter.

What resulted was a bidding war for the netminder. Even after proclaiming all year that re-signing Markstrom was a priority, Vancouver could not keep up with rivals Calgary and Edmonton, opting instead to sign Braden Holtby to a short-term deal. Edmonton eventually fell out of the race as well and have yet to find a solution in net.

Calgary, who failed to come to terms on an extension with Cam Talbot prior to free agency opening, end up upgrading the position with Markstrom. David Rittich had failed to prove that he could be relied upon as a starter and will now settle into a backup role, if he is not traded away that is. Markstrom will add some much needed security on the back end for the Flames, who could lose defensemen T.J. Brodie and Travis Hamonic to free agency.

Vancouver Canucks Sign Braden Holtby

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The Vancouver Canucks won’t re-sign Jacob Markstrom, but they’ll bring in a Vezina Trophy winner to replace him. The team is expected to sign Braden Holtby to a two-year contract worth a total of $8.6MM, according to several reports including Dan Murphy of Sportsnet.

Holtby joins Thatcher Demko in Vancouver’s net on an extremely reasonable contract that won’t hamstring the Canucks as they move forward. In fact, given that the team will likely protect Demko in the Seattle expansion draft, it will be interesting to see if Holtby even plays out the full two-year term in Vancouver.

For now though, Holtby joins a team that already went deep into the playoffs and has some of the best young players in the NHL. Elias Pettersson and Quinn Hughes will only improve in the coming years and now have a goaltender behind them that has won almost everything possible in the NHL.

A Vezina, Jennings and Stanley Cup winner, Holtby has put up a .916 save percentage in 468 regular season appearances. That number dropped dramatically in 2019-20, but having just turned 31 there are many who believe Holtby can bounce-back.

Vegas Golden Knights, Robin Lehner Agree To Five-Year Extension

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As anticipated for nearly a month now, the Vegas Golden Knights and goaltender Robin Lehner have agreed to a five-year, $25MM contract extension.  The deal has been officially announced with plenty of social media fanfare in typical Knights fashion. Lehner would have been a free agent and highly sought-after commodity when the market opened next Friday, but instead will stay in Las Vegas.  PuckPedia reports that the deal breaks down as follows:

2020-21: $1MM salary, $2MM signing bonus, eight-team NTC
2021-22: $5MM salary, eight-team NTC
2022-23: $6.5MM salary, eight-team NTC
2023-24: $6MM salary, five-team NTC
2024-25: $4.5MM salary, five-team NTC

This new deal is a win-win for both sides. Despite playing at an elite level for the past three seasons, Lehner has only landed one-year contracts and played for fours different team in that span. His goal has always been to find a long-term home and his fit with Vegas has been obvious. At a $5MM AAV, this deal may not be at the top of Lehner’s potential market value, but it provides him with security and the chance to compete for a Stanley Cup each year. As for the Knights, goaltending was not considered a major area of need when the team acquired Lehner at the trade deadline as the intended backup to Marc-Andre Fleury, but it would have become an issue down the road as the 35-year-old Fleury neared the end of his contract with his play continuing to slip. Vegas has merely solved their problem in net before it had a chance to occur. Of course, Fleury’s days with the team are now numbered as Vegas likely cannot afford to keep both goalies, even at a very fair price for Lehner. With limited cap space this off-season, the Golden Knights will have to move their veteran keeper and officially hand the starting job to Lehner.

The other player impacted by this deal is UFA-to-be Jacob Markstrom. With the 29-year-old Lehner off the market, the 30-year-old Markstrom is now the clear-cut best available free agent goalie and will see an increase in his leverage to command a term and salary that could come in higher than Lehner’s.

TSN’s Frank Seravalli was to the first to report that the deal had been agreed upon to earlier today.

Trade Rumors: Ekman-Larsson, Mrazek, Virtanen, Tampa Bay

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Name a top trade target or impending free agent and they seem to be linked to the Edmonton Oilers. While the team clearly needs to help superstars Connor McDavid and Leon Draisaitl, they have cap constraints because of those players as well and holes to fill all over the roster. The team must be confident that they can perform some cap magic, as they have their sights set on making a big splash this off-season. TSN’s Darren Dreger backed up previous rumors today that the Oilers have been talking to the Arizona Coyotes about elite defenseman Oliver Ekman-Larsson. In fact, Dreger notes that discussions have been preliminary, but the interest is serious. It’s a complex situation given the cap situations in both Edmonton and Arizona, but the teams appear to be working through their options when it comes to moving Ekman-Larsson, a proven top-pair commodity. Of course, it’s worth noting that Ekman-Larsson has a full No-Movement Clause and could nix a deal to Edmonton if he chooses. Dreger adds that the Boston Bruins also remain interested; Ekman-Larsson may very well prefer landing alongside Charlie McAvoy on the top pair of a perennial contender.

  • The Oilers are also known to be eyeing an addition in goal and have kicked the tires on a number of netminders on the trade block. TSN’s Pierre LeBrun reports that the latest name on that list is the Carolina Hurricanes’ Petr Mrazek. LeBrun believes that Mrazek could be more of a fallback option if Edmonton cannot add Pittsburgh’s Matt Murray or Arizona’s Darcy Kuemper or can’t woo Jacob Markstrom in free agency. Of course, if Mrazek is even available for trade, it may mean that Carolina has already landed one of those three Oilers targets for themselves. Mrazek had a fine season for the ’Canes, but the team is looking to upgrade at starter. Unfortunately for Edmonton, Carolina’s castoff would still be an upgrade for them.
  • From GM Jim Benning’s comments since his Vancouver Canucks were eliminated from the postseason, it should come as no surprise that he is listening to offers for restricted free agent forward Jake Virtanen, according to Dreger. Virtanen has failed to live up to the expectations of being the 2014 sixth overall pick, but is still due a significant upgrade over his expiring $1.25MM AAV. The cap-strapped Canucks have greater needs than Virtanen’s third-line scoring totals and may be able to put his cap space to greater use via trade. Dreger reports that there is plenty of interest in the 24-year-old power forward, who could still grow into the dangerous scorer that he was in junior.
  • The Tampa Bay Lightning are less than a day removed from taking home the 2020 Stanley Cup title, but GM Julien BriseBois is already back at work. LeBrun speculates that Tampa must clear at least $10MM in cap space in order to re-sign RFA’s Anthony Cirelli, Mikhail Sergachev, and Erik Cernak and to rebuild a defense with numerous pending UFA’s. As such,  BriseBois can’t afford to waste any time with free agency approaching. LeBrun notes that the two most talked-about names on the Lightning roster right now are forwards Tyler Johnson and Yanni Gourde. However, he notes that both players have full No-Trade Clauses and would have to accept any trade. As a result, LeBrun believes there is a growing suspicion that the Bolts may trade a player or two that no one is suspecting in order to clear cap space. That could mean one of the RFA’s themselves is dealt, or perhaps it could be a player lacking trade protection, such as Brayden Point or Andrei Vasilevskiy. One way or another, the Cup-winning roster will look very different next season.

Latest On Vancouver’s Pending Free Agents

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The Vancouver Canucks have one of the more precarious salary cap situations in the league as they enter the offseason. While they project to have close to $14.3MM in space for next season, things are going to get a lot different in a year. That’s when Elias Pettersson, Quinn Hughes and Thatcher Demko will all hit restricted free agency at the same time, potentially eating up a huge chunk of the salary cap as the team’s young core.

With that expensive offseason right around the corner, Canucks GM Jim Benning will have to play his cards quite carefully next month to make sure he doesn’t back himself into a corner. That includes UFA negotiations with Chris Tanev, Tyler Toffoli, and perhaps most importantly, starting goaltender Jacob Markstrom.

Rick Dhaliwal was on TSN radio today talking about the Canucks pending free agents, even expressing awe that the team has still not worked something out with Markstrom:

This has not been an easy negotiation. We’re 15 months into this and now he’s 17 days away from walking and leaving. The two-time MVP of this team, he’s 17 days away from walking away from this team. They’ve been negotiating for 15 months–think about that for a second–and they’re not closer. There is still tons of work to do before they get a deal done.

Dhaliwal suggested again that the goaltender is looking for a deal with a cap hit of around $6MM, but stressed how challenging the negotiation has been so far. Markstrom, 30, is coming off his second straight year receiving Vezina Trophy votes, actually finishing fourth this season after putting up a .918 save percentage in 43 appearances. His market will be strong should he reach unrestricted free agency, something that Benning explained he was trying to avoid at his end of season press conference:

We’re going to try and figure out a way that makes sense for us and makes Jacob and his agent happy. Try and figure out a deal to get him signed. We want him back. We’re going to start working on that this week.

The question still comes back to that future cap situation though, especially given what Demko did in the playoffs with Vancouver. Though he’s not nearly as proven—Demko has just 37 regular season appearances under his belt—the Canucks could potentially hand the starter role to him next seaosn and take their chances with him on a full-time basis. They could also go after another free agent netminder instead, with Dhaliwal bringing up the names of Braden Holtby, Thomas Greiss and Cam Talbot as potential options.

In terms of Tanev, Dhaliwal explains that while Markstrom and Toffoli are the focus for Vancouver, the veteran defenseman hasn’t even received a contract offer from the Canucks at this point. Tanev, who will turn 31 in December, was the focus of a report today from Rob Rossi and Josh Yohe of The Athletic, which indicated that the Pittsburgh Penguins will be after him should he hit the open market. Tanev is the older brother of Penguins forward Brandon Tanev, who was given a long-term deal by Pittsburgh GM Jim Rutherford last summer.

Even though he is not an effective offensive weapon, Tanev has logged big minutes whenever healthy over the last decade in Vancouver. He registered 20 points in 69 games this season while still logging more than three minutes of short-handed ice time every night.

Canucks Notes: Markstrom, Virtanen, Trades

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The Vancouver Canucks went further in the 2020 playoffs than many expected, coming within a single game of the Western Conference Final. GM Jim Benning and head coach Travis Green spoke with the media today (audio via TSN radio) about where the team goes from here, with Jacob Markstrom’s future front and center. The goaltender is a pending free agent who is coming off an excellent season but was injured in the second round leading to Thatcher Demko’s coming-out party. Even with Demko’s performance, Benning was clear about his desire to bring back the more veteran goaltender:

We’re going to try and figure out a way that makes sense for us and makes Jacob and his agent happy. Try and figure out a deal to get him signed. We want him back. We’re going to start working on that this week.

Markstrom, who could potentially hit the free agent market as the best available goaltender depending on some other situations, is coming off his best season in the NHL. Through 43 appearances he went 23-16-4 with a .918 save percentage, a performance that made Benning call him the team’s MVP. Demko is signed for next season at just a $1.05MM cap hit and Benning pointed out multiple times the fact that the Canucks believe they need two strong goaltenders to handle the tough travel schedule of the Western Conference.

  • As for another pending free agent, Jake Virtanen, Benning was a lot less impressed. The 24-year old forward is going to be a restricted free agent for the second time as his two-year bridge deal comes to an end, but failed to make much of an impact in the postseason for Vancouver. Virtanen had his best regular season performance with 18 goals and 36 points in 69 games but scored just three points in 16 postseason matches. Benning was on Sportsnet radio and explained that he was expecting more from Virtanen in the playoffs. Add that to the GM saying that he might have to move on from some young players this offseason in order to recover some draft picks and you can see why the speculation regarding Virtanen’s future in Vancouver instantly exploded.
  • In terms of creating salary cap room, Benning won’t be moving draft picks to do get rid of some of the more onerous contracts on the books. Vancouver is already without their first and second-round picks this year and it’s clear the front office wants to add, not subtract ahead of the draft in early October. Remember, though they have quite a bit of cap room for next season, the Canucks are staring down a 2021 offseason that will see Elias Pettersson, Quinn Hughes and Demko hit restricted free agency all at the same time.

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