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Kaapo Kakko

Kraken Sign Kaapo Kakko To Three-Year Contract

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Earlier today, the dates for the seven remaining arbitration-eligible players were revealed.  However, one player who won’t need that hearing after all is Kraken winger Kaapo Kakko.  The team announced that they’ve reached an agreement on a three-year contract that will pay $4.525MM per season after being set to exchange arbitration figures on Wednesday.  GM Jason Botterill released the following statement:

Getting a contract done with Kaapo was a top priority this summer. We knew quickly he’d be a big part of our team moving forward. He’s got size, skill and tremendous playmaking ability, and isn’t afraid of going to the net. He fit in immediately with our group, and we’re thrilled to have him under contract.

The 24-year-old was the second overall selection back in 2019 by the Rangers and had seemingly been on thin ice in New York for a couple of years.  The two sides agreed on a one-year, $2.4MM contract last offseason, well before qualifying offers were due to be submitted, avoiding any risk of the Rangers non-tendering him to avoid arbitration rights.

The deal seemingly represented a last-chance opportunity for Kakko and it’s fair to say he didn’t make the most of it.  He managed just four goals and 10 assists in 30 games with New York and in December, the Rangers pulled the trigger on a trade, sending him to Seattle for defenseman Will Borgen, a 2025 third-round pick, and a 2026 sixth-round selection.

The change of scenery seemed to give Kakko a boost.  He averaged just under a point per game over his first month with the Kraken and overall, he picked up 10 goals and 20 assists in 49 outings.  Combining his stats with New York, Kakko’s 44 points represented a career high, giving him some leverage heading into contract talks this summer.

Considering that Kakko’s career numbers of 71 goals and 90 assists in 379 games is rather pedestrian, Jason Botterill is clearly banking on Kakko’s second-half production being a sign of things to come.  He got the bigger role he was hoping for following the swap, logging a little over 17 minutes a night of playing time after averaging just over 13 minutes a night prior to the swap.  It’s clear that, based on this deal, Seattle feels that Kakko can be a legitimate top-six forward for them moving forward.

Beyond his entry-level contract, this is the longest agreement that Kakko has signed.  It’s a pact that buys out his first two UFA-eligible seasons, giving the Kraken a longer look at him.  It will also allow Kakko to potentially reach the open market at 27 in 2028, putting him in a position to possibly secure a long-term, big-money agreement if he’s able to maintain and build off his strong first half-season with Seattle.

With the signing, the Kraken now have a little under $6.5MM in cap space, per PuckPedia.  They still have one key restricted free agent to sign in defenseman Ryker Evans.  He’s not arbitration-eligible but Botterill should have enough flexibility to sign him to a long-term agreement if the sides can work one out.

Sportsnet’s Elliotte Friedman was first to report the signing. 

Photo courtesy of Walter Tychnowicz-Imagn Images.

Arbitration Schedule For Remaining Cases Finalized

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The arbitration hearing dates for the few remaining unsettled cases have been finalized, PuckPedia reports:

F Kaapo Kakko, Kraken: July 25

G Arvid Soderblom, Blackhawks: July 28

F Maxim Tsyplakov, Islanders: July 29

D Dylan Samberg, Jets: July 30

D Conor Timmins, Sabres: Aug. 2

F Nicholas Robertson, Maple Leafs: Aug. 3

D Jayden Struble, Canadiens: Aug. 3

There are only seven out of this year’s initial 11 player-elected arbitration cases still without a resolution as the hearings approach. Winnipeg had three of the players on that list and has settled with two of them, reaching a two-year, $3.7MM settlement with Morgan Barron and a substantial six-year, $45MM deal for Gabriel Vilardi.

The Ducks also had two arbitration cases on that list, but settled with both of them in the past few days. Depth defenseman Drew Helleson got a two-year, $2.2MM contract, while emerging star goaltender Lukas Dostal signed a five-year, $32.5MM deal.

There were two team-elected arbitration cases this year, the Sabres’ Bowen Byram and the Mammoth’s Jack McBain, but both have been settled.

As for the seven players above, they can continue talks with their clubs on a new deal until the hearing begins. After that, they’re bound to the arbitrator’s decision.

Players who reach an arbitration hearing are only eligible to sign a one or two-year contract. Since the player filed for arbitration in all seven cases above, the team gets to choose the contract length after receiving the arbitrator’s decision on the AAV. However, only Robertson, Soderblom, and Struble would be eligible for two-year contracts. Everyone else is one year away from being eligible for unrestricted free agency status, so they can’t receive a multi-year arbitration award.

If the arbitration award exceeds $4.85MM in any case, the team can decline it and allow the player to become an unrestricted free agent.

Eleven Players Elect Salary Arbitration

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Eleven players across the NHL have elected for salary arbitration, per the NHLPA.

Those names include:

The deadline for second club-elected arbitration is Sunday at 5 p.m., with arbitration hearings scheduled from July 20 to August 4. Two seasons ago, 23 players filed for arbitration, and last summer, that number dropped to 14 — a downward trend that continues this year.

As a reminder, not every player is expected to head to a hearing, as negotiations will continue leading into July 20. However, each player who elects for salary arbitration is now prohibited from negotiating with other teams or signing an offer sheet.

Kraken Acquire Kaapo Kakko

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The Kraken have added some extra depth up front, acquiring winger Kaapo Kakko from the Rangers.  In return, New York receives defenseman Will Borgen, a 2025 third-round pick, and a 2025 sixth-round selection.  Both teams have announced the swap.

Kakko was the second overall pick in 2019 but while he has shown flashes of being an impact player, he has also struggled to produce with consistency over his now-six-year career.  The 23-year-old has only reached the 40-point mark once thus far, that coming back in 2022-23 when he had 18 goals and 22 assists in 82 games.  His output dipped to just 19 points in 61 games last season, resulting in the two sides agreeing on a one-year, $2.4MM contract back in June, a move that didn’t do anything to slow the trade speculation surrounding him.

This move comes not long after Kakko voiced his frustration with being a healthy scratch over the weekend as the Rangers continued to try to shake up their lineup to snap their recent drought.  That frustration was justifiable as he is off to a reasonable start this year, picking up four goals and ten assists in 30 games despite spending a lot of time in the bottom six, averaging just 13:17 per contest.  Hovering around half a point per game in that role is certainly decent output, one that Seattle will welcome to add to an offensive group that sits in the middle of the pack.

As for Borgen, the soon-to-be 28-year-old has been a physical presence over his four-year tenure with Seattle who selected him from Buffalo in the expansion draft.  Last season, he posted career bests in assists (22), points (25), blocked shots (111), hits (195), and ATOI (17:35) and looked to be on his way toward a bigger role on the back end.  However, that hasn’t exactly been the case this season as he has been limited to just one goal and one assist in 33 games while his playing time has dropped to 15:12 per night, a career low.

Despite his struggles, NHL.com’s Dan Rosen reports (Twitter link) that the Rangers had been coveting Borgen for a while.  With the departure of Jacob Trouba to Anaheim, they needed a bit more defensive depth and this move should allow Victor Mancini to return to AHL Hartford where he can have a bigger role.  Borgen is also in the final season of his contract, one that pays him $2.7MM so New York takes on a small amount of money with this swap.  Notably, he’s eligible for unrestricted free agency this summer while Kakko will have one more RFA year remaining.

Considering his draft stature, it seems like a fairly low price for Seattle to pay to acquire Kakko and they’ll hope that a change of scenery can help unlock the offensive potential that helped make him the number two pick.  Meanwhile, with New York seemingly unsure about committing a long-term deal to him, they’ve elected to make a move more geared toward the present rather than trying to maximize value in the form of higher draft or prospect compensation.  With the two selections they added, they now have seven for the upcoming draft.

Interestingly, the 2019 draft class has seen quite a few first-round picks moved already.  As Peter Baugh of The Athletic points out (Twitter link), eight of the top 19 selections from that year have already been traded, including three of the top four selections.  Among those who haven’t moved, a couple (Dylan Cozens and Trevor Zegras) have been in trade speculation themselves in recent months so the number of high picks on the move from that class could be growing even more soon enough.

Photos courtesy of USA Today Sports Images.

Rangers’ Kaapo Kakko Frustrated With Healthy Scratch

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New York Rangers winger Kaapo Kakko spoke openly at Tuesday’s practice about being healthy scratched on Sunday night. He told media, including Peter Baugh of The Athletic, that he was surprised by the decision and that he felt head coach Peter Laviolette may have been singling out the young guy. Kakko went on to say, “Nobody’s playing great right now… I haven’t been on the ice too much when they score a goal. I have not been the worst.”

Kakko’s vocal stance against his scratching ring loud on a Rangers team that’s gone 3-7-0 in their last 10 games. But his recent efforts might not be strong enough to back the pride. He has just one assist in six games since December 1st – making him one of the lowest-scoring forwards on the team in that span, next to Adam Edstrom (zero points, seven games) and Brett Berard (one point in four games). Both players have also recorded more shots, hits, and blocks than Kakko as of late – painting a clearer picture of why Laviolette opted to scratch the 2019 second-overall pick. The decision didn’t do much to change New York’s fate. They went on to lose 3-2 against St. Louis, though Berard scored the Rangers’ first goal of the game.

The lost games and hard feelings seem to be pulling both the Rangers, and their fourth-highest draft selection in club history, into a new low. Kakko is no stranger to being healthy scratched, having sat out of multiple regular season and Conference Finals games before – but he’s rarely been so vocal. His comments could drive the wedge between player and club even further, bringing more energy to trade rumors that stretch as far back as 2022. The Rangers have said they aren’t looking to make any more moves after dealing captain Jacob Trouba to the Anaheim Ducks, but they may need to bank on Kakko’s value sooner rather than later. He hit a low last season, netting just 19 points in 61 games after a career-high 40 points in 2022-23. And while he’s bounced back from that a bit this year with a much more promising 14 points in 29 games, he seems to be falling into old struggles once again.

New York could find reasonable replacements on the open market, with St. Louis Blues winger Brandon Saad the easiest choice. Saad has totaled 138 points in 259 games and four seasons with the Blues and tended to operate out of the team’s middle-six. The Blues have shown no hesitancy making bold moves this season – recently acquiring career-Anaheim Duck Cam Fowler – and reportedly have Saad on their trade block. The details of swapping a young, former second-overall pick for a 30-year-old would certainly be nuanced, but the trade could certainly be a quick option.

For now, any trade speculation is just that. Kakko said he’s motivated to return to the lineup, and Laviolette batted away questions about his comments. The head coach mentioned that older players have sat as well – citing Reilly Smith and Jonny Brodzinski – and that it’s okay for Kakko to be upset. Brodzinski is expected to step out of the lineup again on Tuesday to make room for Kakko’s return. Defenseman Urho Vaakanainen is also expected to make his Rangers debut on Tuesday, after being acquired in the trade that sent Trouba to Anaheim. Vaakanainen brings much-needed shutdown defense to the team that’s allowed the fifth-most goals in December. New York will hope that can prove a difference-maker before they’re forced to explore the trade market, or begin questioning more engrained veterans.

Rangers Notes: Panarin, Kakko, Laviolette, Trades

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The New York Rangers announced earlier today that star forward Artemi Panarin would not play tonight against the St. Louis Blues and is day-to-day with an upper-body injury. It’s not exactly clear when the 33-year-old’s injury occurred but it is more bad news for a team that fell out of a playoff spot last night.

Panarin currently leads New York in scoring with 15 goals and 21 assists in 29 games and has been one of the few Rangers stars to meet offensive expectations thus far. New York ranks 20th in the NHL in offense and outside of Panarin, just three other Rangers forwards have topped 20 points on the season, with the next closest being William Cuylle with 22 points in 29 games.

In other Rangers notes:

  • Arthur Staple of The Athletic tweeted that Rangers forward Kaapo Kakko was a healthy scratch today against St. Louis. Kakko’s scratch will surely add fuel to the trade rumors about the former second-overall pick. The 23-year-old is mired in a slump that has seen him produce just a goal and two assists in his past 12 games. Kakko’s offensive numbers are up from last season, but many of his underlying numbers are down and he’s received favorable deployment, starting nearly 60% of his even-strength shifts in the offensive zone.
  • Larry Brooks of the New York Post reported that the Rangers have no appetite to make a coaching change at this time and Peter Laviolette’s job is not in jeopardy. The Rangers have made several coaching changes in recent years, firing Gerard Gallant two years ago and David Quinn four years ago. Laviolette is in his second season In New York and took the Rangers to the Eastern Conference Finals last season. He is not even halfway through the three-year contract that the Rangers gave him in June 2023 that pays him a salary just shy of $5MM annually (as per TSN’s Pierre LeBrun).
  • Elliotte Friedman of Sportsnet is reporting that the Rangers have essentially put a for-sale sign-out and are listening to trade offers on just about everyone in their lineup other than goalie Igor Shesterkin and those with no-movement clauses (Panarin, Mika Zibanejad, Vincent Trocheck and Adam Fox). The Rangers have been in a free fall since starting the season 5-0-1 and are just 3-7 in their last ten games.

Metropolitan Notes: Kolosov, Kakko, Boll

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While a report last weekend indicated that Flyers goaltending prospect Alexei Kolosov told the team he wouldn’t report to AHL Lehigh Valley in the fall, general manager Daniel Brière says the team doesn’t “have any confirmation that he’s not coming back” and expects him to be their third-string netminder this season, he told Sam Carchidi of Philly Hockey Now.

Kolosov, 22, signed his entry-level contract last summer but was returned on loan to Dinamo Minsk of the Kontinental Hockey League. Only after Dinamo’s season ended was Kolosov brought over to North America, where he finished the season with an .885 SV% in only two games for Lehigh Valley.

Last weekend, sources told Tony Androckitis of Inside AHL Hockey that Kolosov felt isolated after arriving in North America, a notion Brière refuted in his interview with Carchidi. “As we know, he’s coming back for camp in September,” the GM said. “He was not left by himself, and we thought everything was going good. If he wants to play hockey, he has to come back over. He’s under contract with us, so that’s why I don’t understand all the fuss. I guess a Russian team could say they’re not going to honor the contract. But he’s under contract with the Flyers and that’s where he’s going to have to play if he wants to play hockey.”

Kolosov, a third-round pick of Philadelphia in 2021, posted a .907 SV%, 2.39 GAA and 22-21-3 record with four shutouts in 47 games for Minsk last season.

Here’s more from the Metropolitan:

  • In a mailbag for The Athletic, Arthur Staple opines that Rangers winger Kaapo Kakko is stuck as a “buy-low” trade candidate after signing a one-year, $2.4MM deal for this season back in June. While Staple says there’s been some amount of documented interest in the 2019 second-overall pick on the trade market, he’s “not a player other teams are coveting.” The Finn averaged a career-low 13:17 per game under head coach Peter Laviolette last year amid the worst offensive showing of his five-year NHL resume, limited to 19 points (13 goals, six assists) in 61 games.
  • While the Blue Jackets settled on their next head coach with the hiring of Dean Evason last month, it didn’t mean the rest of the coaching staff was set in stone. The Athletic’s Aaron Portzline reported a couple of weeks ago that the futures of all three of their assistants, Jared Boll, Steve McCarthy and Mark Recchi, were up in the air pending meetings with Evason. Today, Portzline confirmed that Boll’s job is safe for next season, while McCarthy’s and Recchi’s futures haven’t been decided on. The Blue Jackets were already down an assistant after opting not to renew the contract of Josef Boumedienne.

Rangers Looking To Move Up In The Draft

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By virtue of winning the Presidents’ Trophy and falling in the Eastern Conference Final, the Rangers will be waiting a while to make their first selection in the opening round of the draft on Friday as they hold the 30th overall selection.  However, it appears they’re looking to make a selection earlier than that as Larry Brooks of the New York Post reports that GM Chris Drury is looking to package that pick along with winger Kaapo Kakko to move up in the draft order.

Earlier this month, Kakko accepted what would have been his qualifying offer this weekend, inking a one-year, $2.4MM agreement.  But if anything, instead of the contract quashing any trade speculation, it has had the opposite effect as many have suggested that the new deal actually helps his trade value as now teams have certainty as to what the 23-year-old will cost.

Kakko was the second-overall pick back in 2019 after a very strong season in Finland’s top league and it looked like New York had a future core winger on their hands with the potential for more.  However, while there have been signs of that potential over his first five NHL seasons, he hasn’t been able to show it consistently.

In 2022-23, Kakko had what looked like a possible breakout campaign, notching 18 goals and 22 assists.  Those numbers don’t jump off the page for a fourth-year player but they were career bests and both sides were hoping he’d be able to build off that.  But it didn’t happen.  Instead, Kakko struggled this year, notching 13 goals and six assists in 61 games while seeing his playing time dip to a career-low 13:17 per night.  It went even lower in the playoffs as he was just over a dozen minutes per game while recording just one goal and one assist in 15 appearances.

On the one hand, you have Kakko’s recent performance which wasn’t the greatest.  On the other hand, here’s a still-young player who other teams might feel that a new team and system could help get him back on track.  The Rangers will clearly be hoping that particular perception will help them move up the draft board on Friday.

Metropolitan Notes: Devils, Kakko, Blue Jackets

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It’s well-known that the Devils are looking to upgrade between the pipes this summer.  However, as Daily Faceoff’s Frank Seravalli reports (video link), that’s hardly the only thing on their wish list.  In addition to searching for a starting goalie, Seravalli relays that New Jersey is also looking for a top-six forward, a bottom-six forward, a top-four defenseman, and a bottom-four blueliner.  That’s a particularly long wish list and is one that they’ll be hard-pressed to fit within their remaining cap room.  Per CapFriendly, they have a little under $20MM in space to work with but a fair-sized chunk of that will go to pending RFA Dawson Mercer.  Accordingly, while GM Tom Fitzgerald is hoping to add that many pieces this summer, he might have to settle for a bit less unless there’s a cost-cutting move coming somewhere.

More from the Metropolitan:

  • While the Rangers and Kaapo Kakko agreed to a one-year, $2.4MM deal on Thursday, that might not be enough to quell any trade speculation. As Sportsnet’s Elliotte Friedman relayed in the latest 32 Thoughts podcast (audio link), it’s possible that this was done to provide more certainty to interested teams as to what his cap charge will be for next season without having to worry about salary arbitration.  Kakko is coming off a down year that saw him record just 13 goals and six assists in 61 games, hardly the type of production New York was hoping for from the second-overall pick in 2019.
  • New Blue Jackets GM Don Waddell has some work to do to reshape Columbus this offseason. To that end, he told Brian Hedger of the Columbus Dispatch that he is telling teams that “for the right price, everything is in play”.  He has been fielding calls inquiring about the fourth overall selection in a couple of weeks although it would be surprising to see them most that pick.  Meanwhile, it certainly looks like Patrik Laine could be on the move in the coming weeks and other veterans could also go as Waddell puts his stamp on the team.  After another last-place finish in the Metropolitan, it could be another busy summer in Columbus.

Rangers’ Kaapo Kakko Signs Qualifying Offer

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Rangers winger Kaapo Kakko will sign his one-year, $2.4MM qualifying offer and avoid restricted free agency, reports the New York Post’s Larry Brooks. The deal will yield a $300K increase over his previous $2.1MM cap hit but will pay him the same salary he earned in the 2023-24 season. The Rangers later made the signing official but did not confirm financial details.

Kakko, 23, did reach RFA status briefly after his entry-level deal expired in 2022 but agreed to a two-year, $4.2MM pact in late July. He would have been arbitration-eligible this summer if he remained unsigned.

Coming off a career-high 40 points in 2022-23, Kakko was expected to build on his offensive showing and play closer to the potential indicated by his second-overall billing in the 2019 draft. It didn’t go as planned, however, as he dropped firmly back into a bottom-six role under head coach Peter Laviolette, managing 13 goals and 19 points in 61 games while averaging a career-low 13:17.

While he still managed to score 13 goals and shoot 14.3%, north of his career average, his normally high-end even-strength possession impacts dipped, making it harder to justify giving him fringe top-six minutes with his otherwise limited offensive production. His 49.4 xGF% was his worst since his rookie season, per Hockey Reference.

Kakko’s offensive struggles continued in the playoffs, as he scored just one goal and one assist and had a -4 rating in 15 games. He was a healthy scratch for Game 2 of their Eastern Conference Final loss to the Panthers, a move that some speculated may lead to a trade request. The Rangers were fielding trade interest in Kakko as far back as January, but general manager Chris Drury publically reaffirmed his belief in his potential earlier this month.

No matter what, getting an extension done a couple of weeks in advance of the draft helps the Rangers. It either provides them with more cost certainty heading into free agency next month or makes it easier to put together a trade by providing any potential acquiring teams with cost certainty.

For now, Kakko’s signing brings the Rangers’ projected cap hit next season to $78.8MM, $9.2MM short of the $88MM upper limit. They still have two RFAs to re-sign in defensemen Ryan Lindgren and Braden Schneider, and have multiple notable pending UFAs, including Erik Gustafsson, Jack Roslovic and Alexander Wennberg.

Kakko will be in the same situation when his new deal expires next summer as an arbitration-eligible RFA with a $2.4MM qualifying offer.

Image courtesy of USA Today Sports.

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