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Jesperi Kotkaniemi

Jesperi Kotkaniemi Signs Long-Term Extension

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Now that he could officially ink an eight-year deal, Jesperi Kotkaniemi is locked in with the Carolina Hurricanes. The team has announced an eight-year extension which will carry an average annual value of $4.82MM. PuckPedia reports the full breakdown:

  • 2022-23: $4.0MM
  • 2023-24: $4.5MM
  • 2024-25: $4.82MM
  • 2025-26: $4.82MM
  • 2026-27: $4.82MM
  • 2027-28: $5.2MM
  • 2028-29: $5.2MM
  • 2029-30: $5.2MM

The deal does not contain any signing bonuses and includes a ten-team no-trade clause once he is eligible for it in 2025.

Kotkaniemi, 21, will always be a hot-button issue for Carolina and Montreal Canadiens fans, after he was signed to an offer sheet last summer that came with plenty of gamesmanship between the two franchises. The young forward certainly hasn’t lived up to the $6.1MM cap hit he carried this season but will now lock in at a much more reasonable number for the next chunk of his career.

Still, this is a huge commitment from the Hurricanes and one that includes a ton of risk. The young forward has not taken a substantial step forward since entering the career as a teenager in 2018-19 and has just 11 goals and 23 points this season in limited minutes with the Hurricanes. Sure, he would likely see more offensive production if given more than the 12 minutes he averages for Carolina, but this isn’t the kind of player that usually earns an eight-year deal. Given the fact that the Hurricanes also had to forfeit first- and third-round picks as offer sheet compensation, they’ve sunk a huge amount of resources into this player already, without much to show for it.

There’s certainly a chance that he outproduces this contract, especially given the fact that Vincent Trocheck and Nino Niederreiter could both leave in unrestricted free agency, opening plenty of playing time at center and wing, but also no guarantee that he can play regular minutes in the top-six next season, at least not on a team as strong as Carolina. If not, the team is backing themselves into a corner with a contract of this length, one that would be hard to move if Kotkaniemi’s development falls flat.

In for a penny, in for a pound, though, as the Hurricanes commit to the young Finn and look to use him as a building block moving forward. He’s now signed longer than any player in the organization.

Photo courtesy of USA Today Sports Images

Snapshots: Kotkaniemi, Staal, Foligno

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Nothing has really been definitive on the various reports of a Jesperi Kotkaniemi extension in Carolina over the past 24 hours, and now there’s some clarity why. CapFriendly reports that Kotkaniemi, as a result of the 2020 Memorandum of Understanding that the league and NHLPA passed prior to the bubble playoffs, can’t actually sign his eight-year extension until after this year’s Trade Deadline. Daily Faceoff’s Frank Seravalli reported yesterday afternoon that an extension between the two parties was on the horizon, with Bally Sports Midwest’s Andy Strickland then reporting an eight-year extension in the $4.25MM-$4.5MM range while PuckPedia pegs it at $4.82MM. The hockey world will need to wait at least a week and a half to learn the official deal, however.

Some other Saturday morning notes:

  • Detroit Red Wings defenseman Marc Staal will become the third Staal brother to play 1,000 NHL games tonight, setting a record in the process. It’ll be the first time in NHL history that three brothers will have played in 1,000 or more games, besting out the Sutter and Stastny families, among others. He’ll set the marker at the Saddledome in Calgary.
  • The Wild’s Marcus Foligno has been under scrutiny from NHL Player Safety for a variety of plays this season, and they may be handing out a punishment to ’Moose’ once again in the form of a fine. The Athletic’s Michael Russo says that while he’s likely to escape a suspension for a knee-on-knee collision with Columbus’ Jakub Voracek last night, he could see a fine in the near future.  Update: That fine did indeed come with the Department of Player Safety issuing a $5K penalty.

Snapshots: McBain, Oilers Goaltending, Kotkaniemi

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When a team makes a draft pick to select a player who is NCAA-bound, they make the pick with the understanding that there is a potential risk of that player graduating from college and then being free to sign with another team. On that front, the Minnesota Wild have a dilemma that centers around Jack McBain, the player the team drafted 63rd overall in 2018. McBain is currently a star player for Boston College, where he has 18 goals and 29 points in 22 games this season. He is clearly a quality prospect, but the issue for the Wild is the situation surrounding their control over the rights to sign him. McBain is nearing the end of his tenure at Boston College, and is therefore very close to being able to decide for himself where he wants to sign, similar to Jimmy Vesey, who is an example of this happening in the past.

Why is this complicated for the Wild? Because McBain is a Toronto, Ontario native without much natural connection to the Wild other than being drafted by them. As Jeff Marek of Sportsnet states on Hockey Night in Canada, McBain could very well “chart his own course” and test free agency. The issue for the Wild, then, is what to do with the rights to McBain they still hold. Do they keep him with the intent on signing him, risking the potential of him leaving for nothing? Or do they explore the possibility, as Marek states they might, of trading his rights in a deadline deal to mine as much guaranteed value from their dwindling team control as possible. It’s most definitely something to keep an eye on as the deadline inches closer.

  • As mentioned in the team’s Trade Deadline Primer, the Oilers’ goaltending situation should be their key priority when approaching the trade deadline. The Athletic’s Daniel Nugent-Bowman examined that situation in more detail. (subscription required) The Oilers are in dire need of improvement in the crease, and the team could look to add outside help at the deadline. Nugent-Bowman floats four names as potential trade targets: Semyon Varlamov, Ville Husso, Braden Holtby, and James Reimer. He notes that Oilers’ GM Ken Holland “won’t send away top assets for rentals,” but also highlights the importance of the Oilers improving their play in net. Varlamov, Husso, Holtby, and Reimer would all be definite improvements over Koskinen and Smith, but the responsibility is on Holland to strike a deal if that improvement is to be secured.
  • The Carolina Hurricanes caused a firestorm this offseason when they acquired center Jesperi Kotkaniemi from the Montreal Canadiens via an offer sheet, a means of player acquisition rarely used by NHL front offices. But in order to do so successfully, they had to pay Kotkaniemi $6.1MM over one year, making it so if the Hurricanes want to retain Kotkaniemi’s rights this offseason, they must issue him a similarly-expensive qualifying offer. Kotkaniemi has had an up-and-down season, and has 11 goals and 22 points in 52 games, a 17-goal, 35-point pace over 82 games played, production that is not typically deemed to be worthy of a cap hit north of $6MM. Frank Seravalli of Daily Faceoff reports that the Hurricanes and Kotkaniemi have had “productive talks” on the framework of a long-term contract extension, a deal that Seravalli speculates could be worth between $4MM and $4.5MM over a six or seven year term. If those talks end up in a contract with that term and cap number, it would be indicative of a significant vote of confidence in the 21-year-old Kotkaniemi, who has so far had a bit of a rocky NHL career.

Jesperi Kotkaniemi Enters COVID-19 Protocol

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Carolina Hurricanes forward Jesperi Kotkaniemi entered the NHL’s COVID-19 protocol today, the team announced on Twitter.

Kotkaniemi becomes the only Hurricanes player in COVID protocol. With the NHL scaling back testing protocol and slowly loosening COVID restrictions, there’s almost surely going to be a decrease in the frequency of players entering the protocol.

After signing a one-year, $6MM offer sheet to join the Hurricanes organization this summer, Kotkaniemi is on pace for a career season despite a limited role and limits. Most often seeing usage in the team’s bottom-six, the 21-year-old Kotkaniemi has nine goals and 11 assists for 20 points in 42 games, on pace to eclipse his career-high of 34 points set during his rookie campaign with the Montreal Canadiens in 2018-19.

It’s a tough break for the Hurricanes, who’ll likely lose a valuable depth piece for a few games. Assuming Kotkaniemi misses games within the normal five-day quarantine period, he’ll miss the team’s next three contests and could potentially return on February 12th in St. Paul against the Minnesota Wild.

The news comes as the team’s general manager Don Waddell said yesterday that the team hopes to sign a long-term contract extension. Kotkaniemi is a restricted free agent this offseason.

Hurricanes Hoping To Sign Kotkaniemi To Long-Term Deal

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Last summer, the Carolina Hurricanes became the first team to successfully acquire a player through an offer sheet since the Edmonton Oilers snatched Dustin Penner in 2007. They forfeited two picks–including a first-round selection in 2022–to the Montreal Canadiens as compensation for Jesperi Kotkaniemi, who signed just a one-year deal with the Hurricanes.

Kotkaniemi, 21, has 20 points in 42 games so far in Carolina but is playing just over 12 minutes a night. While that certainly isn’t what you want from someone carrying a $6.1MM cap hit, the team was always going to have to pay a premium in order for the offer sheet to work in the first place.

Right from the moment it was signed, speculation began about what the Hurricanes could do for Kotkaniemi’s next contract. He’ll be a restricted free agent after the season ends and is eligible for arbitration. To even get that far though the Hurricanes also owe him a qualifying offer that matches his $6.1MM cap hit, something that was the cause of much consternation in the summer.

Before they even get to the issue of a qualifying offer though, the Hurricanes are working to avoid that problem altogether. In Pierre LeBrun’s latest for The Athletic, he spoke to general manager Don Waddell, who admitted that he’s already had preliminary contract talks with Kotkaniemi’s camp. The team is hoping to sign a long-term deal and spoke to agent Markus Lehto last week.

A long-term extension could potentially fix any overpayment relative to Kotkaniemi’s production. Sure, he has leverage right now with that qualifying offer and arbitration in his pocket, but that extra money could be spread out to get a lower cap hit, one that gives the young forward time to develop and become a core piece of what they’re doing in Carolina. It’s unlikely to provide a ton of surplus value given the Hurricanes’ position, but it also will bring that number down to a more reasonable amount. As Waddell put it, the team will “find a solution to make everyone happy.”

Metropolitan Notes: Penguins, Georgiev, Hofmann, Kotkaniemi

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The Penguins received some good and bad news on the COVID front today.  The team announced (Twitter link) that winger Evan Rodrigues has been removed from protocols but center Jeff Carter has been placed in COVID protocol.  Rodrigues is in the middle of a career year for Pittsburgh with 23 points in 30 games while seeing regular minutes on the top line so he’ll be a welcome return.  Meanwhile, it’s the second time this season that Carter has been placed in COVID protocol.  The veteran is having a nice year in a top-six role, notching 17 points in 27 games so far.  Pittsburgh currently has eight players in COVID protocol.

More from the Metropolitan Division:

  • While Rangers goaltender Alexandar Georgiev isn’t thrilled about his current lack of playing time, Arthur Staple of The Athletic suggests (subscription link) that the team is unlikely to trade the netminder in advance of the March 21st trade deadline. With Igor Shesterkin’s injury history and the fact that Keith Kinkaid is their next best option, Georgiev may very well be more valuable to New York as an insurance policy than as a trade chip.  Accordingly, a move in the offseason when their cap situation gets trickier and more replacements are available seems like a better time for the netminder to be moved.
  • Blue Jackets winger Gregory Hofmann has taken a leave of absence for personal reasons, notes Brian Hedger of the Columbus Dispatch (Twitter link). The 29-year-old has seven points in 24 games in his first NHL season after his rights were acquired from Carolina last season.  His wife is expecting the birth of their first child soon so there is no firm date yet for his return.
  • While there was plenty of speculation at the time that Jesperi Kotkaniemi signed his one-year, $6.1MM offer sheet with Carolina that the framework of a longer-term extension was also discussed, GM Don Waddell told Pierre LeBrun of The Athletic (subscription link) that there have been no discussions on that front as of yet. The 21-year-old is eligible to sign an extension as of Saturday but is off to a quieter start than he and the Hurricanes were hoping for as he has 14 points in 30 games this season while playing just 12:15 per game.  As a result, finding a price tag that both sides are comfortable with for a long-term contract may be difficult at this point.  Carolina will need to tender a $6.1MM qualifying offer this summer if no extension is reached by then.

Canadiens Notes: Kotkaniemi, Roster Moves, Captaincy

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The Montreal Canadiens held a press conference this morning with general manager Marc Bergevin to discuss the loss of Jesperi Kotkaniemi and the subsequent acquisition of Christian Dvorak. Bergevin gave information on multiple aspects of the situation that had evolved over the past week, as well as some other pressing questions that Montreal’s offseason inferred. In terms of the Kotkaniemi negotiations, though, Bergevin mentioned that they were discussing a two-year bridge deal with the 21-year-old Finnish forward. While he didn’t mention any specific financial terms, it’s hard to believe that the total value of the contract would’ve eclipsed the $6.1MM he received from the Hurricanes, let alone the average annual value. A two-year bridge deal would still have left Kotkaniemi with two seasons of RFA eligibility, only taking him through his age 23 season.

More from today’s Habs press conference:

Poll: Are The Montreal Canadiens A Playoff Team In 2021-22?

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After making it all the way to the 2021 Stanley Cup Final, losing in five games to the Tampa Bay Lightning, the Montreal Canadiens have had one of the most interesting offseasons of any team. That much roster turnover is unusual for a team that made it that far in the playoffs, but a decent portion of it has been out of their control.

A good portion of Montreal’s starting 12 forwards will look different next season. Gone down the middle are Phillip Danault, Jesperi Kotkaniemi, and Eric Staal. Dvorak will attempt to replace Danault’s shutdown role with a little more offensive touch but less defensive prowess. Kotkaniemi’s third-line role is likely to be replaced by another young center, most probably Jake Evans. Staal’s fourth-line role will likely be comprised of a more defensive-minded pivot in Cedric Paquette. Their group of wingers will look different too, losing out on Tomas Tatar’s two-way play in favor of a power-play specialist in Mike Hoffman. Gone is veteran Corey Perry in the bottom six, being replaced by another veteran presence in Mathieu Perreault.

The team’s defense faces the loss of the team’s captain in Shea Weber. His injury will keep him out for at least this entire season and puts the rest of his career in jeopardy. His absence will be replaced by committee, as youngster Alexander Romanov and new addition David Savard should see more minutes. The left side stays relatively constant from last season, and overseas addition Chris Wideman could challenge for some games as well.

A tandem of Carey Price and Jake Allen returns after a successful regular season campaign.

However, a team that barely squeaked into the playoffs last season returns with some question marks. Full seasons of Jonathan Drouin and Cole Caufield help boost the team, but downgrades from Danault to Dvorak and Tatar to Hoffman raise near-negating doubts. The success of youngsters like Evans and Romanov will be crucial if Montreal wants to make a return to the playoffs in 2022, and they’ll need repeat performances from players such as Jeff Petry and Josh Anderson.

So the question to you, PHR readers, is this: has Montreal done enough this offseason to yield a playoff team in an increasingly competitive Eastern Conference? Make your voice heard below:

Do The Montreal Canadiens Make The Playoffs In 2022?
Yes, just barely 42.53% (911 votes)
No, just miss 31.09% (666 votes)
Yes, 100+ point season 13.68% (293 votes)
No, bottom-tier team 12.70% (272 votes)
Total Votes: 2,142

Mobile users, click here to vote!

Snapshots: Kotkaniemi, Hurricanes Cap, Quenneville

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It’s been an unusually busy weekend in the hockey world, with yesterday’s successful Jesperi Kotkaniemi offer sheet and Christian Dvorak trade dominating headlines. Both of those moves have some corresponding implications that reach into today’s news cycle, including Kotkaniemi’s future as a playing member of the Carolina Hurricanes. General manager Don Waddell stated in his press conference this morning that the team’s plan is to start Kotkaniemi at the left-wing position in Carolina. It won’t be anything completely new for the 21-year-old Finnish forward, who’s played wing sparingly at times during his tenure with the Montreal Canadiens, but was mostly used as a bottom-six center there. Given his still-tantalizing potential and $6.1MM price tag, it’s likely that Kotkaniemi could slot in the top six along with Vincent Trocheck, but it’s all speculation until training camp begins. What’s for certain is that Carolina aims to give Kotkaniemi more opportunity and a better supporting cast than he’s had previously, hoping to get the most out of Kotkaniemi for the gamble of a price.

Some more fallout from the Kotkaniemi offer sheet, as well as a note about a Seattle Kraken expansion draft selection:

  • With today’s news of Jake Gardiner’s back and hip surgery and pending long-term injured reserve placement, the Carolina Hurricanes now have some salary-cap maneuvering to do. PuckPedia notes that Carolina will be able to exceed the cap by $4.05MM, the average annual value of Gardiner’s contract. The team currently sits at $1.5MM over the cap after the Kotkaniemi deal became official. PuckPedia also surmises that Carolina won’t have to go through too much trouble in order to maximize their salary cap relief, only sending two players down to be as close to the Upper Limit as possible before placing Gardiner on LTIR. Martin Necas remains the only non-waiver-eligible player on the roster and considering his role on the team, it’s unlikely he’ll be involved in a paper transaction. Steven Lorentz and Brendan Smith seem likely candidates to be waived and sent down in order to make the team cap-compliant.
  • The ZSC Lions of the Swiss National League announced today that they’ve signed former NHL forward John Quenneville to a contract after signing him to a professional tryout last month. Quenneville is one of a few Seattle Kraken expansion draft selections to not remain with the team into the 2021-22 season. Their selection from the Chicago Blackhawks, Quenneville was a pending unrestricted free agent and wasn’t signed by the Kraken. A first-round pick of the New Jersey Devils in 2014, the now 25-year-old Quenneville never secured a full-time role in the NHL and will likely see much more opportunity overseas. Quenneville appeared in 42 NHL games between 2016 and 2020, scoring two goals and five points.

Montreal Canadiens Decline To Match Jesperi Kotkaniemi Offer Sheet

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The Montreal Canadiens are saying goodbye to one of their most promising young players in Jesperi Kotkaniemi. The team announced today that they won’t be matching the one-year, $6.1MM offer sheet tendered by the Carolina Hurricanes last weekend.

In return, the Canadiens are receiving Carolina’s first and third-round draft selections in the 2022 NHL Draft.

Carolina’s acquisition of Kotkaniemi marks the first successful offer sheet in the NHL since 2007 when the Edmonton Oilers successfully acquired Dustin Penner from the Anaheim Ducks. The move to acquire the former third-overall pick at $6.1MM seems pricey for what he’s produced so far in his career, and when you look at Carolina’s salary cap situation, it appears even worse. Now finally with a full roster, the team sits at $1.52MM over the salary cap. Considering the team entered the offseason with a large amount of cap space and still lost Dougie Hamilton and Alex Nedeljkovic, questions have been rightfully raised over Carolina’s asset management strategy. But just because Kotkaniemi is making $6.1MM this season, and is consequently owed a $6.1MM qualifying offer at the end of the season, doesn’t mean he’ll cost that much down the line for Carolina. Multiple rumours have emerged that a longer-term extension for Kotkaniemi in Carolina may emerge at a lower average annual value as negotiations remain amicable.

For Montreal, their already stagnant roster now faces a massive hole at center. The team’s acquisition of Cedric Paquette won’t be nearly enough to replace the departures of Phillip Danault and Eric Staal as well as Kotkaniemi, and they need answers at the centre-ice position. Luckily for them, they’ll likely be able to find that answer with the compensation they received for Kotkaniemi. With an overpayment in real money from Carolina comes an overpayment in compensation as well. The draft picks Montreal received are much more valuable than what they would have received had they just traded Kotkaniemi anywhere else. Those picks can either be sent straight-up or packaged for a center, of which there are many on the trade market. While Christian Dvorak would appear to be the frontrunner, Tomas Hertl and Evgeny Kuznetsov remain available for trade and could soften the blow of Montreal’s lost centers.

Regardless, it’s an exciting story at a time where not much news tends to cross the NHL wire. Kotkaniemi’s performance in a new system under a new coach will be a large storyline this season, as the prospect with a high pedigree aims to live up to his third-overall potential.

All salary cap figures per CapFriendly.com.

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