Panthers Extend Reilly Smith For Five Years
Clearly the biggest players in free agency this year, the Florida Panthers are close to another move to lock up their young core. Gary Lawless of TSN was first to report that the team was close to an extension with forward Reilly Smith that would pay him $5MM a season for an additional five years. The team has since confirmed the length of the deal, though not the financial details.
In just the past few weeks, the team has traded for then signed Keith Yandle, dealt away Dmitry Kulikov, given extensions to Aaron Ekblad and Vincent Trocheck, signed free agents Jason Demers and James Reimer, and pretty much owned the hockey world.
Smith, 25, had an excellent season last year with the Panthers, scoring 25 goals and 50 points. The former third round pick has had quite a start to his career, putting up at least 40 points in each of his first three full seasons. The talented young winger came over to Florida in the deal that saw them take on Marc Savard‘s cap-hit from the Bruins, one that they recently dealt to New Jersey for some cap relief of their own.
The Panthers have been on quite a clear path lately, trying to push past the first round of the playoffs for the first time since 1996, the year they lost in the Cup finals to Colorado. After being knocked out by the New York Islanders last season, the team has made clear upgrades to their defensive group, and should have one of the better top pairings in the league with Ekblad and Yandle signed long-term.
Smith is still under contract for next season at a $3.43MM cap hit, meaning that a five-year extension would take him through the 2021-22 season. Perhaps not coincidentally, that is also when Trocheck and Aleksander Barkov will hit free agency, giving the team a chance to re-tool if they need to at that point.
If the financials are true, it would mean the Panthers have four young forwards under contract long-term for less than $6MM apiece in Barkov, Trocheck, Smith and Nick Bjugstad. All 25 or under, that quartet scored 93 goals last season. Next on the to-do list would be Jonathan Huberdeau, the former third overall pick who put up 20 goals of his own last season. He’s due $3.25MM next year before becoming an arbitration-eligible RFA next summer.
Panthers Sign Yandle To 7-Year, $44.45MM Deal
The Florida Panthers gamble paid off. ESPN’s Pierre LeBrun tweeted that the Panthers and defenseman Keith Yandle have agreed to a 7-Year, $44.45MM deal. The cap hit, as reported by LeBrun, would be $6.35MM. Chris Johnston notes that the contract included a non movement clause for the first six years of the deal. Craig Custance tweeted that it’s a modified no trade clause in the seventh and final year of the contract. Sun Sentinel reporter Harvey Fialkov tweeted that both sides were keen on a getting a deal done.
The deal was first reported by LeBrun just after 11pm. The Rangers dealt Yandle’s rights away on Monday, snagging the Panthers’ 2016 6th round pick (174th overall) and 4th round pick in 2017.
Yandle is coming off his best season statistically since 2013-2014. Last season, the 29-year-old defenseman had 47 points (5-42) in 82 games. PHR ranked Yandle as the 4th best free agent on the market and pegged him to receive a 6-year, $41.4MM deal from the Panthers.
Mirtle’s Latest: Chayka, Demers, Yandle
The busiest time of the year is starting over the next few weeks, with the Entry Draft and July 1st free agency. Rumors are swirling already about almost every player in the league and James Mirtle of the Globe and Mail mentions that the salary cap isn’t going to rise much more than $1.5MM even if the NHLPA exercises their 5% bump. That’ll give a lot of teams pause about locking in long-term to free agents, while their own cap situation isn’t settled. Here’s more from Mirtle:
- Youngest GM in NHL history John Chayka (only 27-years old) has already begun to make an impact on the Arizona Coyotes, moving to acquire the rights to Alex Goligoski last week, and Mirtle believes he’s aiming at a return to the playoffs as soon as next season. Martin Hanzal, his biggest trade chip has been dangled recently and doesn’t look like a long-term option in the desert.
- Jason Demers, one of three exceptional Dallas blueliners that are reaching free agency this summer has apparently priced himself out of the Stars’ market, asking for an annual value close to $5.5MM. Demers, along with Goligoski and Kris Russell are three of the top five defense options this offseason.
- Number 1 on that list, Keith Yandle is believed to be seeking a seven-year deal on the open market, Mirtle suggests. The Avalanche are an option for the Rangers’ blueliner, as they look to add to their team coming off a disappointing 39-39-4 season.
- Mirtle mentions that despite the Jets best efforts to re-sign restricted free agent Jacob Trouba, teams around the league still believe he is available for the right price. The former 9th overall pick has been a steady presence on the Jets back-end and is only 22.
Free Agent Focus: New York Rangers
The New York Rangers again amassed over 100 points and made the playoffs for the sixth consecutive year in 2015-16, going 46-27-9 and just edging out the Islanders for third in the Metropolitan division. What that won them was a matchup with the eventual Stanley Cup winning Pittsburgh Penguins in the first round. As they head into the summer, they have some big questions to answer all over their club, with only 14 players under contract at the moment.
Key Restricted Free Agents: There isn’t just a single RFA that the Rangers need to worry about, there is a trio of them. LW Chris Kreider, C Kevin Hayes and RW J.T. Miller are all arbitration eligible and due for substantial raises this summer, after scoring 57 goals between them. Miller led the pack with 22 including five game winners, and racked up 43 points (tied with Kreider).
The Rangers may have some trouble with the expansion draft next year, as these three will all need protection along with Derek Stepan, Derick Brassard and Mats Zuccarello which will put at risk some of their other young players like Jesper Fast or Oscar Lindberg, even if they leave Rick Nash unprotected. It will be even more strained if they decide to sign any big name free agent forward, most of which would demand a NMC to come to New York.
Other RFAs: Dylan McIlrath
Key Unrestricted Free Agent: D Keith Yandle – The top blueliner on the UFA market this summer, Yandle is going to command a huge salary and will have teams lining up to offer it. After coming over in a trade from the Arizona Coyotes in 2014-15, Yandle has been one of the better defencemen in the league, putting up 58 points in a Rangers uniform.
The 29-year old will head into free agency after completing a five-year $26.25MM dollar contract he signed with the Coyotes in 2011. That cap-hit of $5.25MM is sure to go up this summer when teams bang down his door looking for a #1 defenceman. Over the last five seasons, Yandle has the 5th most points of any defenceman in the league, only trailing Erik Karlsson, P.K. Subban, Dustin Byfuglien, and Shea Weber – all of whom are earning at least $7MM next year.
Other UFAs: Dan Boyle, Eric Staal, Viktor Stalberg, Dominic Moore
Projected Cap Space: $15.33MM, 14 players under contract.
Losing Yandle and Boyle from their blueline doesn’t look good for the Rangers, who won’t have much room for free agents after the deals for their RFAs. With Dan Girardi and Marc Staal both taking a lot of heat for their poor possession numbers, the team might be in trouble defensively next season. The Penguins exploited it in the playoffs, and with Henrik Lundqvist another year older he may not be able to bail them out as much in 2015-16.
The deal for Eric Staal ended up not working out very well for the club, as he scored just six points for the club down the stretch before being held scoreless in the playoffs. Carolina has already made good use of one of the picks, dealing it to Chicago as the main piece in the Teuvo Teravainen deal two days ago.
If the team is to get back to the playoffs they’ll have to rely on their speed and skill up front, unless they make a move to shore up that back end. Look for teams to start kicking the tires on those young forwards, trying to entice one or two of them out of the Big Apple, and into their system.
Snapshots: Las Vegas, Johansson, Ladd, Okposo
The hockey world was abuzz with the confirmation that Las Vegas will in fact be the benefactor of expansion, making it the first of the big four sports in the city. According to Associated Press writer Greg Beacham, the fact that the team is bid out by Black Knight Sports and Entertainment lends credence to the thought that the nickname will in fact be the Black Knights. Beacham also points out that despite the financial woes seen in Arizona, the NHL is confident that hockey can flourish in the southwest.
Other news around hockey:
- Marcus Johansson and the Washington Capitals appear ready to battle over money reports Chuck Gormley at CSN Mid Atlantic. Johansson had another stellar season for the Capitals, registering 46 points in the regular season and adding 7 more in the playoffs. But Gormley writes that it might not be enough for Capitals GM Brian MacLellan, who believes a hometown discount won’t happen. Gormley also points out that Johansson is a valuable commodity, playing both wings and center for head coach Barry Trotz. Johansson isn’t the only one up for a contract, as defenseman Dmitry Orlov, and forwards Tom Wilson, and Michael Latta headline the restricted free agents the Capitals must re-sign.
- ESPN’s Pierre LeBrun penned that unrestricted free agent forward Andrew Ladd is most likely moving on from the Chicago Blackhawks. The 30-year-old winger was dealt to the Blackhawks in February but knew the Hawks had salary cap restrictions. While Ladd provided a spike in production, scoring 8 goals and 12 points in his return to Chicago, the Blackhawks were bounced by the Blues in 7 games in the first round of the playoffs. Ladd notched a goal and an assist in the seven games. LeBrun writes that Ladd is looking to join a contender, and is also considering his family’s wishes on where he goes next.
- LeBrun also reported that New York Islanders forward Kyle Okposo is all but headed to free agency. The 28-year-old winger was a major contributor with 64 points (22-42) and will be a hot commodity once the window opens for free agents. LeBrun points out that Okposo’s age and scoring acumen are the main reasons teams will chase after him in July.