Examining Dallas Stars Cap Crunch
The NHL’s announcement of a record $104MM salary cap for 2026‑27 was expected to create meaningful flexibility across the league. For the Dallas Stars, though, the numbers remain tight. Per PuckPedia, Dallas is projected to enter the offseason with roughly $11.1MM in functional cap space and 19 players already under contract for their active roster. That level of roster certainty is usually an advantage, but in this case, it leaves GM Jim Nill with very little room to maneuver as he approaches the most consequential negotiation of his tenure.
With nearly $93MM already committed, the remaining cap space averages out to about $2.7MM per open roster spot. A workable number for depth pieces. However, the equation changes entirely once Jason Robertson enters the picture.
Robertson is coming off a 45‑goal, 96‑point season, and his next contract will almost certainly land among the league’s top winger comparables. His camp is believed to be targeting the Mikko Rantanen range ($12MM AAV). A deal at that level would push Dallas over the cap with only 20 players signed, forcing immediate subtractions.
Even a contract closer to the internal ceiling set by Thomas Harley’s $10.587MM AAV would leave Dallas with a less-than-viable number, roughly around $513K to fill three roster spots.
Robertson’s extension isn’t the only item complicating the Stars’ cap picture. Dallas still has several key vacancies to address starting with their team captain and unrestricted free agent, Jamie Benn. The 36-year-old’s future remains unresolved and a new contract, even at a steep discount, would cut further into the limited space available after a Robertson deal. Restricted Free Agent Mavrik Bourque (24) finished seventh on the team in points (20-21–41) in 82 games. A bridge deal could be beneficial for both parties, but even a modest number adds to the squeeze. Bourque finished the season with nine goals and 19 points in 25 games while averaging 19 minutes of ice time after the Olympic break.
The Stars could see key departures in their depth, including forward Michael Bunting (30), which leaves holes that typically require $1.5–$2MM signings. That tier of spending becomes difficult once Robertson’s contract is accounted for.
To reconcile Robertson’s expected AAV with the Stars’ current structure, Nill may need to shift from cap management to cap triage. The most straightforward path to creating space would involve moving a veteran contract. Defenseman Esa Lindell ($5.8MM) stands out as one of the more viable trade candidates, while Ilya Lyubushkin could also be a trade target as well. Moving one of those deals would push Dallas’ available space into the $15–17MM range, giving enough to sign Robertson and complete the roster without resorting to minimum‑salary patchwork.
Dallas has already secured the core of its roster, including long‑term commitments to defenseman Miro Heiskanen and forward Roope Hintz. But that stability has created what amounts to a 19‑man cap trap. The Stars can keep their group intact, but only if they clear meaningful money before finalizing Robertson’s extension.
Without the necessary moves and shedding of salary, the idea and ability to retain their most productive forward becomes mathematically impossible under the current structure.
Stars, GM Jim Nill Agree To Two-Year Extension
The Stars and general manager Jim Nill have agreed to a two-year extension, the team announced Tuesday. Nill’s current deal was set to expire after this season, per Sean Shapiro of Elite Prospects, but it’s now clear he won’t be a candidate for any other GM vacancies this offseason.
Nill, 67, took over the GM’s chair in Dallas way back in 2013. When Doug Armstrong transitions out of his GM role with the Blues to serve as their president of hockey operations this summer, Nill will become the second-longest-tenured GM in the league behind only the Jets’ Kevin Cheveldayoff.
While the Stars have yet to win a Stanley Cup during his tenure, few would leave Nill off their list of the best of the best executives in the league. He has won the NHL’s GM of the Year award three years running and has finally emerged as a managerial fixture for Canada’s national team, serving as an assistant GM to Armstrong for their 4 Nations Face-Off championship last year and this year’s Olympic silver medal.
That’s not to say Nill doesn’t have any Stanley Cup rings. He has four of them, in fact, all with the Red Wings as their director of player development and then assistant GM to Ken Holland from 1994 to 2013.
Since Nill took the helm, he’s steered the Stars to a 549-345-125 (.600) record – the eighth-best in the league over the last 13 seasons. That includes a trip to the Stanley Cup Final in 2020 and three consecutive Western Conference Final appearances, although they’ll have their work cut out for them to get back there again this season in a cutthroat Central Division.
There’s few areas in which Nill doesn’t excel. His draft record, particularly in the mid-to-latter half of his tenure, is impeccable. He’s gotten great value out of late-first selections like Wyatt Johnston and Jake Oettinger, second-round picks like Roope Hintz and Jason Robertson, while nailing his only top-five pick with Miro Heiskanen at third overall in 2017.
There are few trades that haven’t worked out in his favor – even stretching back to his first summer on the job, when his Tyler Seguin/Loui Eriksson blockbuster with the Bruins has ended up paying dividends for his club more than a decade later. A look at the Stars’ books reveals very few negative-value contracts, aside from a free-agency misstep with Ilya Lyubushkin in 2024, which he’ll be trying to offload this summer.
Nill will now get to continue steering the ship with the Stars set for playoff and championship contention for another few years, at least. He’ll be joined by a slightly new-look group of assistants that now includes Rich Peverley – acquired as a player in that Seguin deal – who has been either behind the Stars’ bench or in their front office since a heart condition forced him into retirement in 2014.
Image courtesy of Christopher Hanewinckel-USA TODAY Sports.
Elliotte Friedman of Sportsnet was first to report the news.
NHL Announces General Manager Of The Year Finalists
The Jets’ Kevin Cheveldayoff, the Stars’ Jim Nill, and the Panthers’ Bill Zito are the three finalists for this year’s Jim Gregory General Manager of the Year Award, the league announced today.
Unlike most other major league awards, GMOTY honors take playoff performance into account. Voting for the award is also done by a jury of their peers – all 32 NHL GMs, plus a panel of NHL executives, print and broadcast media, comprise the voting, which takes place after the second round of the Stanley Cup Playoffs concludes.
Cheveldayoff is the relative newbie of the trio in terms of being included among the finalists. It’s his second time making the cut – he previously finished second in GMOTY voting after Winnipeg had its then-best season in franchise history in the 2017-18 campaign. That club had 114 points, a mark this year’s Jets beat by two en route to winning their first Presidents’ Trophy in franchise history. This year’s notable moves included promoting Coach of the Year finalist Scott Arniel to the head role last offseason following Rick Bowness‘ retirement as well as acquiring winger Brandon Tanev and defenseman Luke Schenn at the deadline.
His nomination stems more from identifying his core and sticking with it through ups and downs. Most of Winnipeg’s driving forces – namely Connor Hellebuyck, Mark Scheifele, Kyle Connor, and Josh Morrissey – have been there for years and were all drafted under Cheveldayoff.
Nill, meanwhile, is going for a three-peat. He’s already one of just two GMs to win the award twice, alongside former Islanders boss Lou Lamoriello. While he’s wholly responsible for the Dallas core that’s now advanced to three straight Western Conference Finals, his in-season moves may have him well-positioned to take home the honors yet again.
Playoff performance will be a factor here – after Nill traded for and signed Mikko Rantanen to a massive eight-year, $96MM extension at the deadline, he’s returned the favor as the Conn Smythe favorite so far with a playoff-leading 9-11–20 scoring line through 14 games. His draft record among mid-to-late first-round picks in recent years, highlighted by Wyatt Johnston, Jake Oettinger, and Jason Robertson, is arguably the biggest reason they’ve been able to enter their lengthiest contention window since winning the Stanley Cup in 1999.
As for Zito, he’d have won one by now if not for Nill’s reign. He’s a finalist for the third year in a row and the fourth time overall during his stint at the helm of the Panthers. His offseason work, with depth pickups like Nate Schmidt performing well in lieu of big-name players who left in free agency following last year’s Stanley Cup win, already had them well set for a repeat. Acquiring stars Brad Marchand and Seth Jones in separate pre-deadline deals, both of whom have been among the Cats’ best postseason players, is the main reason he finds himself on this year’s list, though.
Central Notes: Stars, Utah, Nabokov
After losing to the Edmonton Oilers in the Western Conference Finals in last year’s playoffs, the Dallas Stars went through numerous changes this summer — especially on the blue line. However, general manager Jim Nill does not believe the team has taken a step backward as referenced in an interview with Nicholas J. Cotsonika of the NHL.
In the interview, Nill is quoted as saying, “I think our team might be a little bit better than we were last year at this time, and now let’s see. Let’s get the season started. Let’s see where we’re at“. The Stars will bring back one of the best offenses in the league next year even while losing veteran Joe Pavelski to retirement. The emergence of Mavrik Bourque and Logan Stankoven should give Dallas some continuity in their offense and create one of the deeper lineups in the league.
It’s difficult to imagine Nill believes the defense has gotten better than last season as the team effectively swapped Chris Tanev, Jani Hakanpaa, and Ryan Suter for Mathew Dumba, Brendan Smith, and Ilya Lyubushkin. The organization will have a little financial wiggle room after getting Thomas Harley locked into a new deal but it may not be enough to round out the top four. If the Stars cannot make it to the Stanley Cup Final again next season, it would not be surprising if defense is the culprit.
Other Central notes:
- The Utah Hockey Club has shored up its ECHL affiliation as the organization announced a one-year agreement with the Allen Americans of Allen, TX. The short length of the affiliate agreement may indicate that Utah is hoping to eventually organize a deal with the Utah Grizzlies of the ECHL after their current deal with the Colorado Avalanche concludes. The Americans started play in the ECHL for the 2014-15 season and immediately won back-to-back Kelly Cup Finals. In the meantime, the Americans have qualified for the playoffs in every season but one.
- According to Evan Rawal of Colorado Hockey Now, Colorado Avalanche prospect Ilya Nabokov has had his contract restructured in the KHL. After paying him three million rubles for the 2023-24 KHL season, Metallurg Magnitogorsk is now set to pay 22 million rubles to the young netminder. Nabokov is the de facto starter for Metallurg after earning a 23-13-3 record in 43 games last year while holding a .930 save percentage. The new pay will not influence the length of the contract; however, as Nabokov is still expected to make it to North America next year.
Jim Nill Wins General Manager Of The Year Award
The National Hockey League has announced that Dallas Stars general manager Jim Nill has won the 2023-24 Jim Gregory General Manager of the Year Award for the second consecutive season. The award is handed out annually and recognizes the efforts of the top general manager in the NHL. Nill joins New York Islanders general manager Lou Lamoriello as the only general manager to win the award on more than one occasion.
In his 11th season as general manager of Dallas, Nill continued to supplement the Stars’ excellent drafting and development by signing Matt Duchene to a one-year $3MM deal that turned out to be a bargain as Duchene posted 25 goals and 40 assists in 80 games. Nill also signed Sam Steel to a bargain deal and traded for Chris Tanev at the trade deadline. Nill has had a massive role in Dallas building one of the deepest cores of young players in the NHL by drafting forwards Jason Robertson and Wyatt Johnston, while also selecting defenseman Miro Heiskanen and netminder Jake Oettinger.
The Stars lost in the Western Conference Finals to the Edmonton Oilers after they had posted 113 points in the regular season, one point shy of the New York Rangers who captured the President’s Trophy. It was the second consecutive season that the Stars lost in the Western Conference Final, and it was the third time they’ve advanced that far in the past five years.
Nill was also recently named as an assistant general manager of Canada’s Men’s Olympic Team for the 2026 Olympics as well as an associate general manager for Canada’s team in the 4 Nations Face-Off next February.
NHL Announces General Manager Of The Year Finalists
The Canucks’ Patrik Allvin, the Stars’ Jim Nill and the Panthers’ Bill Zito were named finalists for the Jim Gregory General Manager of the Year Award today, the NHL announced.
Voting for the GM of the Year award is conducted among the GMs themselves, in addition to a select few NHL executives and media members. Unlike other awards, votes are sent in at the end of the second round of the playoffs, not at the end of the regular season.
None of the nominees are particularly surprising. Allvin earns his nomination after putting together some incredible work in last summer’s free agency period, bringing in depth forwards Teddy Blueger, Dakota Joshua and Pius Suter on one-year deals. All were incredibly impactful value signings, including Suter, who scored the game-winning goal late in the third period of Game 6 against the Predators to give Vancouver its first series win in four years.
He also picked up solid depth defenseman Ian Cole in free agency last summer and swung trades for center Elias Lindholm and defenseman Nikita Zadorov from the Flames throughout the season, both of whom were some of their best playoff performers. Vancouver took the Oilers to Game 7 before bowing out in the second round despite an early injury to Vezina finalist Thatcher Demko.
Nill is gunning to become the second-ever back-to-back winner of the award, joining the Islanders’ Lou Lamoriello. His signing of Matt Duchene to a one-year, $3MM contract was arguably one of the best moves of last summer, as he maintained solid top-six production in the regular season with 65 points in 80 games. He also scored the overtime winner to send the Stars to the Western Conference Final, beginning tonight at home against Edmonton. He also picked up high-end shutdown defenseman Chris Tanev from the Flames ahead of the trade deadline without parting with a first-round pick.
Zito has now earned a nomination for GMOTY in three of his four years at the helm of the Panthers’ hockey ops department, but he’s yet to be crowned the winner. The Panthers won their second division title in the past three years this season, avoiding an expected lull to begin the season without Aaron Ekblad and Brandon Montour available while recovering from offseason surgeries. His signing of goaltender Anthony Stolarz to back up starter Sergei Bobrovsky remains one of the most under-the-radar moves of last year’s free agency period – Stolarz led qualified netminders with a .925 SV% and 2.03 GAA this season.
The winner will be announced before a Stanley Cup Final game on June 10.