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Ottawa Offers Erik Karlsson Contract Extension

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The Ottawa Senators kept to their word Sunday as the team offered superstar defenseman Erik Karlsson a contract extension, according to NHL.com’s David Satriano. Terms of the extension offer were not disclosed. Despite the rumors of unhappiness with the ownership and his not willing to accept a “hometown” discount that has led to quite a bit of trade speculation over the past six months, general manager Pierre Dorion said the team had to make one final effort to keep Karlsson in the fold.

“We don’t really want to talk about roster players, contract negotiations, trades, all these things, but I think we owe it to our fans and we made a promise at the town hall that we would make a contract offer to Erik Karlsson and we’ve done so,” Dorion said Sunday.

Karlsson is in the last year of a seven-year, $45.5MM deal that he signed in 2012, which looks like a bargain as his AAV sits at just $6.5MM. However, with the sudden increase in salaries for star defenseman having increased, it’s likely that a new Karlsson deal will break the bank. Several defenseman have cashed in over the past few days, including Drew Doughty (eight years, $88MM, $11MM AAV), Oliver Ekman-Larsson (eight years, $66MM, $8.25MM AAV) and John Carlson (eight years, $64MM, $8MM AAV).

With increased trade rumors over the past week, there still hasn’t been a trade yet. The team has made it clear to teams that they are asking for a big return for their superstar center and have made it even more challenging for teams as they want the team also to take on the contract of Bobby Ryan, which still has four year left at $7.25MM. The Vegas Golden Knights have been the most talked about team since the trade deadline to get a deal done and they still could, but nothing has materialized yet. The Senators still have hope that Karlsson will sign an extension.

“I think Erik wants to be a Senator for life,” Dorion said then. “I don’t want to speak for him, I’ll let him speak for himself. We’ll see what the next few months bring, but if Erik Karlsson is here on July 1, we will be making him a contract offer.”

Michal Kempny Re-Signs With Washington

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Friday: The Capitals have officially announced the deal.  It’s a four-year extension worth $10MM in total for a salary cap hit of $2.5MM.  TSN’s Darren Dreger reports (Twitter link) that the breakdown of the deal is as follows:

2018-19: $3.2MM
2019-20: $2.7MM
2020-21: $1.8MM
2021-22: $2.2MM

Dreger also notes that just over half of the money comes in the form of signing bonuses.

Thursday: The Stanley Cup champion Washington Capitals had two names at the top of their free agency wish list: defensemen John Carlson and Michal Kempny. According to TSN’s Darren Dreger, those boxes will both be checked off before July 1st. After inking Carlson to a massive extension earlier this week, Dreger reports that the Capitals have now agreed to terms on a multi-year extension with Kempny. Term and salary details have not yet been disclosed and the contract is expected to be formally announced tomorrow.

Kempny was little more than a luxury depth addition when the Capitals acquired him from the Chicago Blackhawks ahead of the Trade Deadline. Kempny was midway through his second NHL season and had just 81 games and 12 points to show for himself. Yet, Washington GM Brian MacLellan saw something in the 27-year-old Czech import. Not only did MacLellan give up a conditional third round pick to land Kempny – at the time seen as a steep price – but he also handed him more ice time than he had ever seen in Chicago. Kempny rewarded him with flawless defensive play down the stretch. Kempny is neither an offensive force nor a real physical threat, but he plays a strong man-to-man defensive game and make few mistakes. He took his game up another notch in the postseason, scoring five points in 24 games, blocking shots seemingly all of the time, and serving as a match-up nightmare for the opposition.

Kempny exceeded all expectations in Washington and was a key piece to their Cup run. Now the Capitals plan to repay him by exceeding his very modest $900K cap hit with a new multi-year contract. The Caps’ blue line felt like it was missing a piece for most of last year before Kempny arrived and the team hopes that this extension will maintain the strong play that the unit showed in the postseason. Armed with a top four of Carlson, Kempny, Matt Niskanen, and Dmitry Orlov, the Capitals will be ready to defend their title next season.

Snapshots: Karlsson, Thornton, Talbot, Brodziak

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While the free agent market is slimming more and more after John Carlson opted to re-sign with the Washington Capitals, the trade market has barely gotten active as teams wait to see how the free agent market shakes out. Regardless that could change in the next few days. While there were a few trades this weekend during the draft, one name that stayed put is Ottawa Senators’ defenseman Erik Karlsson.

According to Bruce Garrioch of the Ottawa Sun, general manager Pierre Dorion was fielding phone calls all the way up to the Senators picked at No. 4, but still hasn’t found the right deal as he’s looking for a big haul of players and picks considering that Karlsson is a franchise player.

As expected, Garrioch writes that the Vegas Golden Knights were at the forefront in trying to make a deal and Vegas was prepared to take the contract of Bobby Ryan, who still has four years at $7.25MM AAV remaining on his contract, but other teams are also trying to get into the Karlsson sweepstakes, including the Carolina Hurricanes, Tampa Bay Lightning, San Jose Sharks and the Washington Capitals. No word on whether the other teams are willing to take on Ryan’s contract. While the Capitals are likely out of the running now that they’ve signed Carlson, the Carlson signing may force other teams to press harder to acquire Karlsson.

  • David Pagnotta of The Fourth Period reports that there is mutual interest between Joe Thornton and the San Jose Sharks to return to the team, regardless of whether the team signs John Tavares or not. Thornton, who suffered a season-ending torn MCL in January, would have to come back at a lower salary than the $8MM he made last year, but at 38 years old, he can still be a productive player even if he is forced to play on a lower line. Thornton put up 13 goals and 23 assists in 47 games, but “Jumbo Joe” is well past the days of putting up 82 points in 2015-16.
  • Pagnotta also commented on Edmonton Oilers goaltender Cam Talbot as he says both the Oilers and Talbot have agreed to hold off on extension talks until the start of the new season. The 30-year-old Talbot had been a major piece to the team’s success up until this past year. After posting 2.39 GAA and a .919 save percentage two years ago, he struggled this season, posting a 3.02 GAA and a .908 save percentage. The team likely wants to ensure that Talbot bounces back to form before offering him an extension.
  • Jeremy Rutherford of The Athletic writes that the St. Louis Blues and center Kyle Brodziak both have interest in an extension. The 34-year-old center put up his best season since 2011-12 as a fourth-line center. He tallied 10 goals and 33 points last season. While the Blues have bigger concerns at the moment, Rutherford points out that neither party is in a big rush.

Washington Re-Signs John Carlson To Eight-Year Deal

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One of the top free agents of the 2018 free agent class came off the board as the Washington Capitals have announced the re-signing of defenseman John Carlson to an eight-year $64MM deal, with an AAV of $8MM. The deal gives Carlson the second-highest AAV among NHL defenseman behind Nashville’s P.K. Subban ($9MM), at least until the extension that the Arizona Coyotes gave Oliver Ekman-Larsson ($8.25MM) kicks in next season. San Jose’s Brent Burns also has an $8MM AAV.

Pierre LeBrun of TSN and The Athletic reports the breakdown of the contract is as follows:

2018-19: $6.5MM signing bonus, $5.5MM salary
2019-20: $6.5MM signing bonus, $5.5MM salary
2020-21: $2MM signing bonus, $6MM salary
2021-22: $5MM signing bonus, $3MM salary
2022-23: $2MM signing bonus, $4MM salary
2023-24: $2MM signing bonus, $4MM salary
2024-25: $2MM signing bonus, $4MM salary
2025-26: $2MM signing bonus, $4MM salary

While there had been talk that Carlson and the Stanley Cup winning Capitals were close to an agreement on Friday, there was some concern this morning when the two parties still hadn’t come to an agreement with rumors that Carlson would listen to offers from other teams, suggesting they hit an impasse in negotiations.

Carlson, who has been with the Capitals for all nine of his years, had a breakout year just in time, putting up 15 goals and 68 points, while playing a major role quarterbacking the Capitals power play through the playoffs and winning the Stanley Cup. His 20 points in 24 playoff games was critical of the team. Due to the team’s budget constraints, there were many questions whether Washington had the money to make a new deal with Carlson work. With almost no cap room, the Capitals solved many of those problems when they traded backup goaltender Philipp Grubauer and veteran defenseman Brooks Orpik to Colorado in exchange for a second-round pick Friday at the NHL Entry Draft, freeing up enough cap room to make the move possible.

While the 28-year-old may not be the third of fourth best defenseman in the league, Carlson was in an enviable bargaining position and after Carlson and his negotiating team also had the most recent extension of Ekman-Larsson to work with in contract discussions.

TSN’s Bob McKenzie was the first to report that a deal was near completion.

Still No Deal Between John Carlson, Washington Capitals

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Over the weekend there was plenty of optimism from the Washington Capitals that they would be able to finalize a long-term extension with unrestricted free agent John Carlson, especially after moving out Brooks Orpik’s $5.5MM cap hit in a trade with the Colorado Avalanche. Carlson is expected to receive a massive contract as the best defensemen scheduled to hit the market, and at one point Capitals GM Brian MacLellan even used the word “close” to describe the negotiations. Today, as the interview period starts for free agents, a deal has still not been announced between the two sides. Bob McKenzie of TSN checked in with Carlson’s agent Rick Curran, who commented on the situation:

As of the moment we do not have a deal in place with Washington and as permitted, I am getting/taking calls from other interested teams. 

Isabelle Khurshudyan of the Washington Post also tweets that the Capitals have offered a multi-year contract to free agent defenseman Michal Kempny, another key player the team wants to get under contract before they actually hit the open market next Sunday. Carlson is the real target though, and his decision will likely have huge ramifications on the Capitals and the free agent market in general.

If there is any real chance that the 28-year old defenseman is heading to free agency, teams will have to hold onto their cap space in hopes of landing one of the biggest prizes. Carlson could demand in excess of $8MM per season, and for good reason—he’s coming off a career-high 68 points, which led all defenders in the NHL this year. He’s also been given more than 20 minutes of ice time in every season since he was a 20-year old rookie, and almost averaged 26 minutes a night in the team’s recent Stanley Cup run. Though he didn’t get a lot of support as a Conn Smythe winner, his performance in the playoffs could have been worth it. Carlson had 20 points in 24 games, while generating a whopping 80 shots on net.

Every team could use a player like Carlson on their blue line, but fitting him into their salary structure may be difficult. The next few days will be crucial for Washington as they try to convince him to stick around while others are offering him a chance elsewhere. If they can’t retain him, one has to wonder where else the Capitals look to use that cap space and if they’ll suddenly become a player for some of the other top names this summer.

Washington Capitals Close To Signing John Carlson

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The Washington Capitals cleared extra cap space earlier today when they tagged Brooks Orpik onto a trade with the Colorado Avalanche. That space might not be available very long, as Dan Rosen of NHL.com reports that Capitals GM Brian MacLellan believes they are “close” to a new contract with defenseman John Carlson. MacLellan wants to get the deal done before Carlson can start talking to other teams on Sunday during the free agent interview period.

If Carlson does sign before Sunday, the free agent market would be changed considerably. The 28-year old currently sits as the top defenseman on the market and it’s not even really close. After scoring a career-high 68 points this season and being a key factor in the first Stanley Cup in Capitals history, he could demand as much as $8MM per season on a long-term deal. If teams were holding open that kind of cap space for a chance at Carlson on the open market, only to see him sign just before the interview period opens, you can bet some phone calls will be ringing on the draft floor inquiring about other defensemen around the league.

Carlson is an excellent player, capable of putting up big offensive numbers while not hurting his team in his own end. He’d be welcome on nearly any team in the league, but is more important to the Capitals than nearly anyone else. After losing Nate Schmidt in the expansion draft, Kevin Shattenkirk to free agency and seeing Orpik’s recent decline, the Capitals’ blue line has been substantially weakened in the last 12 months. Losing Carlson on the open market would put an immense amount of pressure on Matt Niskanen and Dmitry Orlov, who already carry a huge load for the team.

Michal Kempny, a revelation for the team down the stretch and into the playoffs is also an unrestricted free agent. Isabelle Khurshudyan of the Washington Post confirms MacLellan’s intention to try and bring Kempny back as well, though doesn’t specify how close negotiations are. After a trade deadline deal that brought Kempny to Washington from the Chicago Blackhawks, he found his game and developed into a legitimate top-four option for the team. Bringing him back for a reasonable price would allow the Capitals to really contend for the Stanley Cup once again with the same group, something that may not have seemed possible at the end of the year.

Philadelphia Flyers Unlikely To Offer Long-Term Free Agent Deals

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The Philadelphia Flyers were pushed out of the playoffs early by the Pittsburgh Penguins, but still have a good enough core to believe that they can compete next season. There’s no tear down or rebuild happening, but GM Ron Hextall also isn’t looking to land any of the big free agents on the market. Speaking today to media including Sam Carchidi of the Philadelphia Inquirer, Hextall indicated that he would only be going after unrestricted free agents on short-term deals.

We’re certainly not going to reach out on a seven-year deal on a good player, I can assure you that.

Those comments would seem to take Philadelphia out of the running for both John Tavares and John Carlson (and maybe others), while also directly stating that he hasn’t spoken to the Ilya Kovalchuk camp and doesn’t expect to in the future. Instead, they may look at smaller free agent deals to support their current group. Tavares and Carlson are sure bets for seven-year deals if they hit the market, and could even earn eight-year contracts from their current teams over the next few weeks. Both will have plenty of suitors, and a bidding war that the Flyers clearly don’t want to get involved in.

As for Kovalchuk, he seems to also have healthy interest from around the league after visits to Los Angeles, San Jose, Detroit and several other clubs. The Flyers have their own scoring winger to worry about, as Wayne Simmonds is eligible for an extension on July 1st. The 29-year old has been one of the league’s best bargains for several seasons, and is in line for a huge raise on his next contract.

Erik Karlsson Not Likely To Get Moved To Vegas

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With their season wrapping up much more quietly than the Washington Capitals, the Vegas Golden Knights will now look to continue their success next season. Due to the failed trade deadline move to acquire Ottawa’s Erik Karlsson many months ago, many people believe that Vegas general manager George McPhee will try to rekindle those trade talks.

The move would make quite a bit of sense since Vegas’ defense struggled against Washington during their Stanley Cup run as the Capitals dominated the neutral zone throughout the finals. And while the Golden Knights have many quality top-four defensemen, what the team is truly lacking is a No. 1 defenseman, which showed against Washington. However, Elliotte Friedman suggests a deal for Karlsson might be unlikely this offseason in his 31 Thoughts segment.

Friedman writes the main reason the original Karlsson trade collapsed was Ottawa’s insistence on Vegas including 2017 first-round pick Cody Glass, the team’s top prospect. The 19-year-old center, who was the sixth-overall pick in last year’s draft, potted 37 goals and 102 points for the Portland Winterhawks of the WHL. Vegas didn’t want to include him, despite the fact that 13th overall pick Nick Suzuki, also a center, tallied 42 goals and 100 points for the OHL’s Owen Sound Attack.

The team isn’t ready to deplete it’s prospect pool. They would rather move picks such as when they traded their 2018 first-rounder, a 2019 second rounder and a 2021 third-rounder to get a player like Tomas Tatar. They already know what they have in Glass and Suzuki even if it takes another year for them to step into their lineup. However, despite having six picks in the first three rounds last year (three first-rounders), the team is still building its prospect pool for the future and with just one pick in the first three rounds this year (not in the first round), the team isn’t going to build it up a whole lot this year.

Friedman suggests that a better move for the Golden Knights would be to steal away John Carlson from Washington (McPhee drafted him back in 2008). Considering the amount of cap space Vegas has, that would be the best way to bring in veteran talent.

While many people believe that bringing in Karlsson, who has been unhappy with Ottawa’s ownership, is the better course of action, trading one (or more) of their top prospects and likely taking on the bloated contract of winger Bobby Ryan for another four years at $7.25MM will quickly destroy both their cap flexibility and cut into their small, but solid prospect pool. Vegas will have at least $28MM in cap room, so why not just spend some of it on Carlson and keep their prospects?

Metropolitan Notes: Carlson, Kunitz, Islanders

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A strong showing in the playoffs could push Capitals defenseman John Carlson’s asking price to or above $8MM per season, TSN’s Bob McKenzie suggested during an appearance on TSN 1260 (audio link).  That would put his next deal in line with the reported extension offer that the Coyotes have given Oliver Ekman-Larsson (eight years and $66MM).

While that would more than double Carlson’s previous cap hit, he has certainly made a case for that type of money.  He led all NHL defenders in points with 68 during the regular season while averaging a career-high 24:47 per night.  He followed that up with a near-identical showing in the playoffs, averaging the same points-per-game rate (0.83) and logged even more ice time at 25:38 per game.  That type of performance puts him in the discussion as a legitimate number one defender and with a weak free agent market, the Capitals will have to find a way to fit in another sizable contract if they want to bring him back for 2018-19 and beyond.

More from the Metropolitan:

  • The Penguins may have wanted to keep winger Chris Kunitz around last summer but expected to bring back center Matt Cullen instead and didn’t want two veterans on their fourth line, reports Jason Mackey of the Pittsburgh Post-Gazette. Pittsburgh focused on getting Cullen locked up so Kunitz instead went to Tampa Bay.  (Cullen, meanwhile, wound up in Minnesota.)  One summer later, the scribe believes that Kunitz could be back on their radar as a fit on the fourth line.  The 38-year-old saw his ice time reduced considerably this past season but he still managed to put up 13 goals and 16 assists in his diminished role and the Pens would certainly welcome production like that on their bottom trio.
  • With the Islanders likely to be active in looking for help between the pipes, Larry Brooks of the New York Post suggests Red Wings goaltender Jimmy Howard is someone they may go after. Washington’s Phillip Grubauer is the better fit long-term but he’ll also cost a lot more to acquire.  Howard would give New York a little more stability as they look to try to retain John Tavares and get back into a playoff spot next season.  However, he’s entering the final year of his contract so if they were to trade for him, it would only be a short-term fix unless they could agree on a contract extension.

Washington Capitals Win 2018 Stanley Cup Championship

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For the first time in 44 years, the Washington Capitals are Stanley Cup champions. The 1974 expansion team won the first title in franchise history with a 4-3 victory over the Vegas Golden Knights in Game Five. The long-suffering fan base that has seen more President’s Trophies than Conference Championships in the team’s history can finally breathe a sigh of relief and celebrate their team getting over the hump. The Stanley Cup belongs to the Capitals in 2018.

Leading the charge for Washington in the postseason and in the deciding game was of course Alex Ovechkin. The franchise leader in scoring fittingly led the team in playoff goal scoring and set the franchise record for goals in a playoff by notching his 15th en route to a win the first title in franchise history. Evgeny Kuznetsov led the team with 32 points in the postseason, adding an assist in Game Five and leading all forwards in ice time. Lars Eller potted the game-winning goal mid-way through the third period to cap off an excellent postseason in which he took his game to the next level and was a clutch presence for the Capitals. Of course, none of this would have been possible without the play of goaltender Braden Holtby, who won back the starter’s job early in the postseason after a tough regular season and went on to make brilliant save after brilliant save these past month, especially in the Final. Not to be forgotten are key contributors like long-time Capitals Nicklas Backstrom, John Carlson and Jay Beagle, T.J. Oshie, Matt Niskanen, and Brooks Orpik among others. Head coach Barry Trotz should also be commended for his excellent work and on a career that, like his superstar forward, has always lacked one thing: a title. Not anymore, as Trotz and the Caps are champs.

However, this win is also about the players that came before this team who have long waited for a title to come to Washington. Peter Bondra, Mike Gartner, Dale Hunter, Olaf Kolzig and others can all enjoy what this team has accomplished and what the last four decades have led to.

The achievements of George McPhee, Gerard Gallant, and Vegas Golden Knights, an expansion team in their inaugural season, cannot possibly be overstated. Yet, this franchise has a bright future and is unlikely to have a long wait for their own title. Washington fans had waited long enough. After 44 years, the Washington Capitals are champs and D.C. is a title town once again after 26 years.

 

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