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Jacob Markstrom

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.

West Notes: Markstrom, Bowness, Avalanche

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While we’re still a year away from the Kraken’s expansion draft, things are now at the point where that will start playing a role in the decision making for other teams.  In an appearance on Sportsnet 960 (audio link), Sportsnet’s Elliotte Friedman reports that the Seattle draft is playing a role in Vancouver’s discussions regarding pending UFA goalie Jacob Markstrom.  The Canucks have Thatcher Demko (who was terrific against Vegas over his three playoff starts) who will also need protection and with teams only being able to protect one, it’s something that GM Jim Benning will certainly have to factor in as whichever one isn’t protected becomes the immediate favorite to be taken.

More from the Western Conference:

  • While making it to the Western Conference Final would make it seem like a pretty safe bet that Stars interim coach Rick Bowness will be installed as the full-time bench boss, Matthew DeFranks notes that this isn’t necessarily the case. The 65-year-old indicated that he hasn’t given any thought yet regarding the idea of remaining in the role beyond the playoffs and that there is a meeting scheduled with GM Jim Nill to discuss his future whenever their postseason action comes to an end.
  • Had the Avalanche made it past Dallas, they wouldn’t have had any help on the horizon from the infirmary. Colorado Hockey Now’s Adrian Dater relays (Twitter link) that none of Colorado’s players were close to returning.  Their list of injuries by the end of the series included goaltenders Philipp Grubauer and Pavel Francouz, defensemen Erik Johnson, and wingers Gabriel Landeskog and Joonas Donskoi, among others.  There’s no word yet on how long of a recovery time those players will be facing.

Snapshots: Markstrom, Chayka, Hockey East

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One of the more talked-about free agent negotiations this season has been between the Vancouver Canucks and starting goalie Jacob Markstrom, who has been stellar in net this season. Markstrom had a career-best season this year, recording a .918 save percentage and 2.75 GAA. As he heads toward free agency, the Canucks have prioritized keeping him in Vancouver if at all possible. The two sides have been talking throughout the league pause and GM Jim Benning even noted that they spoke again on Tuesday. However, Benning told NHL.com that all negotiations will be put on hold until after the playoffs. “We’re going to get something figured out for him,” Benning said with confidence, but added “We both decided let’s just wait until after the playoffs are done.” How long that postseason run might last remains to be seen. The No. 7 seed out West, the Canucks are set to face the No. 10-seed Minnesota Wild in the qualifying round next week. If they emerge victorious, talks with Markstrom will stay on the back burner for a while longer, but if the Canucks fall to the Wild, they could approach talks very soon. Perhaps they will even be armed with the No. 1 overall pick to help make their case for a long-term extension.

  • As the John Chayka saga continues to unravel, Howie Kussoy of the New York Post has confirmed previous reports that Chayka was interested in a move from the Arizona Coyotes to the New Jersey Devils. It doesn’t end there though. Kussoy writes that Chayka lied to ‘Yotes ownership about having an interview with the Devils ownership, who also own the NBA’s Philadelphia 76ers and are a suitor for the MLB’s New York Mets. While this was not a GM position with the Devils, which Arizona had previously denied another NHL team from interviewing Chayka for, he was nevertheless deceptive about his intentions. According to Kussoy, this left his relationship with owner Alex Meruelo “irrevocably damaged” and led to the swift separation between the two sides.
  • Over in the college game, the Hockey East Conference offered some hope for NCAA fans yesterday. The historic hockey conference announced their intention to have a 2020-21 season for both men and women. Due to the convenient geography of the New England-based conference, teams will play conference-heavy schedules that will limit travel and, as a result, potential COVID-19 exposure. As many of their member institutions have seen their primary athletic conferences cancel or postpone fall sports, while other hockey schools – like those Ivy League members of the ECAC – have had all fall competition canceled, Hockey East hopes to start in the fall. They have yet to announce schedules and may delay the start of the season and play a shortened campaign, but college hockey seems to be returning next season after the Coronavirus pandemic ended the season in the midst of conference tournaments and before an NCAA champion could be crowned. The hope is that other conferences can also find a way to follow in the footsteps of Hockey East.

West Notes: Tarasenko, Canucks UFAs, Coyotes Black Aces

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Many may have forgotten already, but when the NHL 24-team tournament hits the ice later this summer, the St. Louis Blues would be doing everything it can to defend their Stanley Cup title and try to win a second straight. That might have been somewhat more challenging for the Blues who played much of the season without star scorer Vladimir Tarasenko who underwent shoulder surgery on Oct. 29.

While he was close to coming back before the NHL season was suspended from COVID-19, there was no guarantee how ready Tarasenko would be for the upcoming playoffs. However, with the delay of the playoffs due to the pandemic, Tarasenko should be more than ready to help the Blues this summer, according to head coach Craig Berube on The Athletic’s We Went Blues podcast with Jeremy Rutherford (subscription required).

“He’s good,” said Berube. “Before we stopped, he was ready to come back the next week and play, so, he did a great job of getting himself back. He did a great job with his rehab, along with the training staff, and he kept himself in great shape. He actually came back in better shape than he came to camp (in September) … He’s been on the ice and doing things right now, so he’s ready to go.”

A healthy Tarasenko would be a huge boost to the team’s playoff chances. The team was faring quite well without him though as they have the second-best record in the league and sit at the top of the Western Conference with a 42-29-10 record. The 28-year-old Tarasenko appeared in just 10 games before being injured, posting three goals and 10 points. He was given a five month timetable, which should make him more than prepared to take on a major role whenever play resumes.

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