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The Signing Bonus: Rise Of The Buyout-Proof Contract (A Reprise)

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This article was originally published in July of 2016, but seems extremely relevant a year later. Most of the players discussed inside underachieved in their first season, and again we saw signing bonuses handed out like candy this summer. Included at the bottom is an update with new contracts from this offseason.

The life of an NHL agent is tough. As the league continues to tweak (or totally overhaul) their CBA each few seasons, changing contract regulations and offering teams different ways of structuring deals, agents are always trying to find ways to circumvent them and get the best offers for their clients.

With teams becoming more and more willing to use buyouts to rid themselves of the horrible contracts that they sign on July 1st – famously a day of simultaneous excitement and regret – agents around the league needed to find a way to protect their clients from losing out on a third (or sometimes two-thirds) of the salary the sides agreed on.

The most recent buyout window, which lasted from June 15th to 30th, saw a dozen NHL players bought out, including household names like Thomas Vanek and Dennis Seidenberg. While some fans may see this as an opportunity for a player to earn two contracts at the same time – Vanek was signed on by Detroit for $2.6MM on July 1st, more than the $1.5MM he surrendered in his buyout – most take it as a personal slight, an indictment of their play or character. Regardless, agents continue to try and secure guarantees for their clients, instead of leaving the power in the hands of the league’s general managers.

"<strongEnter the signing bonus, this summer’s contract-du-jour. All across the league, big name free agents have inked deals that will see them paid almost entirely in signing bonuses, with very little actual salary being given out each season.  Take Loui Eriksson for instance:

2016-17 – Salary: $1MM, Bonus: $7MM
2017-18 – Salary: $1MM, Bonus: $7MM
2018-19 – Salary: $1MM, Bonus: $6MM
2019-20 – Salary: $1MM, Bonus: $4MM
2020-21 – Salary: $1MM, Bonus: $3MM
2021-22 – Salary: $3MM, Bonus: $1MM

While Eriksson’s cap-hit sits at $6MM per year, he’ll make more than that in bonuses alone each of the next three seasons. There are a couple of reasons why this would benefit the player.

For one, everyone loves getting a big check rather than a weekly salary – who would turn down a piece of paper with six zeros?  As any economist will tell you, money in hand is worth more than money promised to come, and just as teams in other sports are deferring payments for this reason long into the future, having money up front is actually more valuable for the player in question.

It’s in the buyout rules that the contract really holds value though, as – hinted at by the title – these contracts are basically buyout-proof.  Under the current CBA, buyouts are calculated by taking two-thirds of the remaining salary owed, not including signing bonuses, and spreading it out over twice the remaining contract length. The new cap hit is determined by subtracting the savings from the average annual value of the deal which includes signing bonuses.

This means that if the Canucks were to want to buy out Eriksson after say, the third year of his new deal, they’ll only be saving $333K of cap hit in 2020-21, an insignificant portion of the $6MM number. That last season of $3MM is a bit better for the Canucks (they would save $2MM of his cap hit), but structuring it this way almost guarantees that Eriksson will collect at least $35MM of his deal – more than 97%. It’s just not worth it to buy him out any sooner than his final year.

"<strongAndrew Ladd, Milan Lucic, Kyle Okposo all signed deals heavily impacted by signing bonuses, protecting them against a buyout through all but the very end of their agreements.  Even Matt Martin, a career fourth liner secured a $10MM deal that is 65% bonus.  He’ll only be collecting $750K in salary in years three and four of the deal.

While this doesn’t necessarily mean trouble for clubs around the league, you can bet the owners and NHLPA will take a look at it when negotiations begin on the new CBA.  The current agreement expires in 2022, though the two sides have the option to end it a year earlier.

Just as the league has used cap recapture and contract limits to close loopholes in the past, be sure that if they want to continue to have the option to buyout bad contracts they’ll remove this option from the equation.  Creating a rule that would make signing bonuses only be able to hit a certain percentage of each season’s salary would be the easy fix, but expect push-back from the NHLPA.

Even if they do end up closing it, agents will work on another way to get their clients the best possible guarantee; they always seem to be one step ahead of the league.

This summer, signing bonuses have taken off even further. Carey Price’s eight-year extension with the Montreal Canadiens is over 80% signing bonuses, with the goaltender making a maximum of $2MM in salary per year. A $10.5MM cap hit through age-38 will be impossible to buy out, offering almost no cap savings. The Blackhawks face a similar situation with Brent Seabrook, whose 2015 contract is looking worse and worse, and provides little incentive for a buyout.

Interestingly, the Nashville Predators have continued in their practice of avoiding signing bonuses altogether. After signing Filip Forsberg to a bonus-free deal last summer, both Ryan Johansen and Viktor Arvidsson have taken similar structures in their long-term extensions this year. GM David Poile has taken much of the risk off the table even as he allocated many of his resources to his trio of young forwards. Though they pose little risk of age-decline, all three carry large enough cap hits to really hurt the Predators if they were to take a step backwards in their development. It’s hard to see any deserving a buyout, but the option is still there.

Alexander Radulov may be the biggest example among 2017 unrestricted free agents, as his contract with the Dallas Stars is both front-loaded and filled with signing bonuses. Radulov will earn just $13.25MM in salary over the next five seasons, making it difficult to buy out even as he enters his mid-thirties. For a player who has a relatively short track record of success in the NHL, it may quickly turn into a problem if he starts to feel the draw of father time.

A Quiet 2017 Off-Season

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By the time August rolls around each year, it seems like the off-season is dragging on. The July 1st free agent frenzy is long behind us and it’s been weeks since the last major signing. Fans are struggling to get their hockey fill and counting the days until the puck drops on preseason hockey. In 2017, fans have all the more reason to be sick of the off-season. When compared with the summer of 2016, this off-season has simply been boring. It was expected to be as such, but no one could have predicted just how quiet this summer could be.

As of today, August 6th, 2017, there have only been two unrestricted free agents signed to contracts worth more than $6MM per year: Kevin Shattenkirk to the New York Rangers (as predicted) and Alexander Radulov to the Dallas Stars. In contrast, there were four such deals signed on July 1st, 2016 alone. Drop that mark down to contracts worth more than $4MM annually, and you get uninspiring names this year like Evgeni Dadonov, Dmitry Kulikov, Nick Bonino, Karl Alzner, Martin Hanzal, and Steve Mason added to the list; hardly a superstar among them. 2016 saw high-profile players like Milan Lucic, David Backes, Loui Eriksson, Kyle Okposo, and Andrew Ladd all find new homes. Those signings came on the heels of the P.K. Subban – Shea Weber and Taylor Hall – Adam Larsson trades as well. The best swaps 2017 has to offer so far are Travis Hamonic or Marcus Johansson being dealt for draft picks. There have simply been a lack of franchise-altering moves made this summer.

Then you have the timeline of when deals got done. By August last year, the best unsigned free agents were Antoine Vermette, Jiri Hudler, and Jhonas Enroth. The year before, Cody Franson and David Schlemko highlighted the August market. In both cases, NHL teams got their deals done in July, filling the month with exciting signing news. This year? Not so much. Legendary players like Jaromir Jagr, Jarome Iginla, and Shane Doan remain available, alongside other able-bodied contributors like Thomas Vanek, Drew Stafford, and Daniel Winnik. That’s in addition to Franson and Hudler as well. Teams are simply waiting around on this market for reasons unknown. Could it end up as an exciting run of signing in August? Maybe, but don’t count on it.

The weak 2017 free agent market coupled with the challenge of preparing for June’s Expansion Draft has simply resulted in one of quietest off-seasons in recent memory. Several teams still have needs and spots to fill and signings and trades remain possible, but at this point the summer is a lost cause. Time to look forward to next season and even next summer when we *hope* to see the likes of John Tavares, Rick Nash, Evander Kane, James Neal, James van Riemsdyk, Paul Stastny, Mikko Koivu, Cam Atkinson, Jonathan Marchessault, Daniel and Henrik Sedin, Mike Green, Jack Johnson, Calvin de Haan, and Antti Raanta all hit the open market. Hopefully that list is enough excitement to get you through the rest of this one.

Snapshots: Okposo, Langhamer, Olympics

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Kyle Okposo’s season ended abruptly last year after a March 27th game, with the Buffalo Sabres’ prized offseason acquisition ending up in a hospital ICU just a few days later. It was a scary time for Buffalo fans and teammates alike, but Okposo is on the road to recovery and played in a game for Da Beauty League last week—his first game action in almost four months.

Now Okposo wants to explain exactly what happened and thank his fans for the outpouring of support that came his way. Okposo pens a letter for NHL.com outlining the negative reaction he had to medicine meant to help him sleep, and a drastic weight loss that followed—he was down under 200 lbs for the first time since he was 17. He says he’s healthy now and will be back playing for the Sabres next season, excited to get started under new GM Jason Botterill and coach Phil Housley.

  • The Arizona Coyotes have signed Marek Langhamer to a one-year two-way contract according to Craig Morgan of AZ Sports. Langhamer made his NHL debut last season in relief of Mike Smith after the Arizona starter had to come out of the game following the league’s new concussion protocol. He made seven of eight saves at the end of the game but is still a long way away from making an NHL impact. The Coyotes, with Antti Raanta set to take over as the lead goaltender and Louis Domingue coming back in a secondary role, will see what they have with that duo before making a decision long-term on where their future in net lies. With Langhamer signed, only Anthony Duclair remains as a restricted free agent for the Coyotes.
  • According to Arpon Basu of NHL.com, Hockey Canada has a press conference scheduled for tomorrow to announce “its plan for the 2017-18 Canada National Men’s Team.” That would presumably be an announcement of how it will select the roster for the upcoming Olympics, which will not feature NHL players for the first time since 1994. In that tournament a Peter Forsberg-led Swedish team took home gold (on one of the most famous shootout dekes of all-time), just before the young star would enter the league. That tournament would also introduce the world to Paul Kariya, who had starred at the University of Maine, but used a season with the Canadian National Team as a springboard for his hall of fame NHL career.

Kyle Okposo Will Participate In DBL

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Kyle Okposo played his last game of the season for the Buffalo Sabres on March 27th, ending up hospitalized in a neurological intensive care center before the conclusion of the season. Though Okposo would be discharged a few days later, many fans worried about his future not only with the team but in hockey at all. Since then there have been several reports of his progress, and an expectation that he will be ready for the start of the season. That idea was furthered today when Da Beauty League, a Minnesota-based amateur summer league for current and former NHL players, announced that Okposo will make his debut tonight.

The league has an incredible group of players this season, led by Minnesota-born stars like Ryan McDonagh, Dustin Byfuglien, Alex Goligoski and Paul Martin. Even top draft pick Casey Mittelstadt is there this season, playing on Martin’s team. For fans in the area, it offers a extremely inexpensive way to see some of the league’s best players up close in an unfamiliar setting. For Okposo, it will just be nice to see him back on the ice.

He’ll be expected to be a big part of the Sabres turnaround after they signed him to a seven-year, $42MM contract last summer. The deal looked pretty good in it’s first season, as Okposo put up 45 points in 68 games and was the Sabres’ All-Star participant. With more health, including from Okposo, the Sabres should be much improved. Whether they can force their way into the playoffs is still yet to be seen.

Could Tampa Bay Package Johnson, Palat For Tavares?

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Don’t be surprised if the Tampa Bay Lightning attempt to flip their recently signed restricted free agents within the next year. At least that’s what the New York Post’s Larry Brooks believes will happen. He writes the long-term signings of Tyler Johnson and Ondrej Palat are likely going to be part of a package the Lightning will eventually make for New York Islanders’ John Tavares at some point next season if the Islanders can’t sign him.

While the Islanders have said they are not trading the veteran, there is growing concern that the 26-year-old is not happy with the franchise and might be ready to move on. The Islanders’ center is coming off a 28-goal season last year with 38 assists for 66 points. While the Islanders should get credit for doing everything they can to keep one of their stars after losing former star Kyle Okposo to Buffalo for nothing, Brooks believes they will be sellers near the trade deadline to avoid another major loss. He compares the situation to Tampa Bay’s worries about losing Steven Stamkos a year ago. In that situation, the Lightning were able to lock up their star to an eight-year deal, but this isn’t the same. The Lightning were a successful franchise and were loaded with talent. That’s not really the case with the Islanders. With stadium issues and a team that has struggled off and on, it wouldn’t be surprising if Tavares was looking at better options.

The undrafted Johnson has shown quite a bit of promise over the years although his numbers have dropped in the last couple of years. The 26-year-old center put up a 29-goal season two years ago, but finished this year with 19 goals and 26 assists in 66 games. Johnson’s seven-year, $35MM deal ($5MM AAV) could keep him in New York for a long time. Palat has quite a bit of similarities to Johnson as he is 26 as well and was not expected to be a top prospect as he was just a seventh-round pick in 2011. The left wing also started strong and has taken a step back from there, putting up 23 goals in his first full season with the Lightning. He still put up solid numbers last year, scoring 17 goals and 35 assists for 52 points. His five-year, $26.5MM deal is worth $5.3MM annually.

Although Tampa Bay might even have to offer more to get a player like Tavares, the deal would also work because both Johnson and Palat have no trade clauses that will kick in next July, so if the plan may be to package them for a star player, this next year will be their best opportunity to make a deal like that happen. On top of that, moving the two of them for Tavares could be a wash, salary-wise as the Islanders star could be asking for a contract in the $10MM range next year.

Deadline Approaches To Ask Players To Waive No-Movement Clauses

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On the heels of yesterday’s report that both Keith Yandle and Dion Phaneuf had been asked to waive their no-movement clauses in order to be exposed for the upcoming expansion draft, speculation is running rampant around the league on who else will be asked. Below is the full list of players who currently require protection due to their clauses. The deadline to submit a request to a player is 4pm CDT today, while the player must inform the team of his decision by the same time on Friday June 16th. Because the Stanley Cup Finals ended last night, Nashville and Pittsburgh will not receive an extension and will need to submit their requests at the same time as every other team.

Elliotte Friedman was on Sportsnet radio today and mentioned that the Anaheim Ducks have spoken with Kevin Bieksa about possibly waiving his clause, something examined at length in our recent Ducks Expansion Primer.

Anaheim (4)
Kevin Bieksa — Expected to be asked.
Ryan Getzlaf
Ryan Kesler
Corey Perry

Arizona (1)
Alex Goligoski

Boston (4)
David Backes
Patrice Bergeron
Zdeno Chara
David Krejci

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Eastern Notes: No. 1 pick, Neuvirth, Okposo

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The New Jersey Devils have an interesting decision to make in the next three weeks when they have to make the No. 1 overall pick in the upcoming 2017 NHL Entry Draft. Not only must they decide whether to choose Nolan Patrick or Nico Hischier at that spot, the team is under extra pressure not to get the pick wrong, since the next pick goes to divisional rival Philadelphia.

However, did anyone learn much from this weekend’ scouting combine? The Record’s Andrew Gross spoke to Devils Director of Amateur Scouting Paul Castron who said the team learned very little they didn’t already know about the two players. “I don’t know. You try to get a little read on a personality, confidence,” Castron said. “Still, it comes down to a majority of what they do on the ice. It’s great if a kid is developed physically and they’ve put in the time. But take a step back. They’re still only 17. They’re not even scratching the surface of what they’re going to be physically.”

Early indications are that the Devils are likely to take Patrick, who is bigger and a better two-way player. Hischier is considered the faster and better offensive player.

The Flyers, have the easiest decision to make – pick the players the Devils didn’t. Most believe that the Flyers are hoping to get Hischier, who they believe has a higher upside, according to Sam Carchidi of philly.com. Hischier’s speed and creativity would be welcome on a straight-line team such as the Flyers who struggle to score points. The team may also need their second overall pick to play on the wing for a year until Valterri Filppula’s contract expires. That is an advantage to Hischier who has the speed to make that transition, something Patrick might struggle to do.

  • Speaking of the Flyers, Carchidi spoke to Las Vegas Golden Knights general manager George McPhee, about expansion draft candidate Michal Neuvirth, who McPhee drafted in the second round in the 2006 draft when he was with the Washington Capitals. While the Golden Knights are looking at other goaltenders such as Washington’s Philipp Grubauer or New York Rangers’ Antti Raanta, they will be drafting more than one goaltender, which means Neuvirth is a possibility if the team exposes him. Current starter Steve Mason is an unrestricted free agent, however. “As a goaltender, we always described Michal as a guy who was technically perfect,” McPhee said at the NHL scouting combine Saturday. “He certainly has a great physique and body composition for the position.” Neuvirth struggled last year with a 2.82 GAA in 28 games, but had a career best 2.27 GAA in 2015-16.
  • Buffalo Sabres Kyle Okposo visited the Buffalo Sabres facility for the first time in two months since he was hospitalized for an undisclosed illness. According to the Associated Press, the star forward was in good spirits at the unannounced visit and, according to anonymous source with direct knowledge of the situation, is improving, but has not been cleared to skate yet. Okposo spent a week at Buffalo General Hospital’s neurosurgical intensive care unit in early April. The 29-year-old wing just started a long-term deal with the Sabres at $6MM a year until the 2022-23 season.

Will Hamonic Stay In Brooklyn?

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In an off-season where the Islanders’ primary concerns will be extending John Tavares to quell rumors of his departure at the end of the season, and developing prospects into NHL ready contributors, focus on the blueline should not be overlooked.

Travis Hamonic’s stats aren’t particularly glamorous, with 3 goals and 11 assists through 49 games this past year. His Corsi For % was a career worst at a very unfortunate 43.0%, but many players struggled mightily this season in Brooklyn. He is the assistant captain of the team and his leadership with young players has been particularly important in the wake of losing both Kyle Okposo and Frans Nielsen a year ago. While Nick Leddy and Johnny Boychuk have been brilliant in their roles, Hamonic rounds the defense out with a shutdown type. Calvin de Haan has developed well and will contribute after the RFA negotiates his own contract with New York ownership. The potential error going forward is that the Islanders will see Hamonic as relatively expendable, and that could prove a costly mistake. For a franchise trying yet again to find a way back into the playoffs in a brutally competitive Metropolitan Division, losing top-4 defensemen at their lowest value is not acceptable asset management. If Hamonic were indeed dealt, it would presumably be for far less than Taylor Hall, which according to Arthur Staple and Lighthouse Hockey was an offer rejected by GM Garth Snow last off-season.

Hamonic is listed as the #5 prize in this years trade bait list by TSN which is slightly surprising for a relatively unassuming player. The Wild will almost assuredly trade one of Jonas Brodin (#2) or Mathew Dumba (#3) – leaving the Islanders with an enticing stalwart in a league with lots of struggling defensive squads. That said, it’s difficult to imagine a top line talent being the piece coming back. The Islanders’ stockpile of young players is already quite impressive, so established production is imperative. The player would also likely need to be a winger who could play with John Tavares, but he has had difficulty gelling with players in the past. Although Hamonic had a down year, management should view his overall performance with the franchise  rather than drawing conclusions from a tough final season under former coach Jack Capuano. Perhaps the wisest option is to allow Hamonic’s stock to rise again before considering a move.

Metro Division Snapshots: Capitals, Darling, McLeod

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Big changes are expected this summer in D.C. after the Washington Capitals once again failed to advance beyond the second round of the postseason, despite boasting perhaps the most talented roster ever assembled in the organization’s 42-year history. Even if GM Brian MacLellan wanted to return the roster mostly intact, he would have a difficult time doing so given the team’s salary cap situation. It’s along this vein that Isabelle Khurshudyan of the Washington Post examines potential free agent and trade fits to replace the players the Capitals may lose off their President’s Trophy winning roster.

T.J. Oshie, coming off a career high 33-goal season, will be a UFA this summer and while the Capitals would like to re-sign the winger, doing so may prove hard to do, according to Khurshudyan. The scribe writes that Oshie is due for a significant raise on his $4.5MM 2016-17 cap charge, and suggests a long-term deal in the $6MM annual range is reasonable. Khurshudyan notes that both Kyle Okposo and David Backes, two players with similar profiles and historical production to Oshie, inked free agent deals with cap hits of $6MM last summer. If that should prove to be too rich for MacLellan’s blood, the team could pivot back to Justin Williams, who is coming off a two-year deal with the Capitals worth $3.25MM per year. Andre Burakovsky, a RFA, is expected to graduate to a full-time top-six role and the duo of Williams and Burakovsky could be good enough for Washington to get by. In terms of outside free agents Khurshudyan lists Drew Stafford and Patrick Eaves as potentially inexpensive fits, though at 31 and 33 respectively, each is on the back-half of their careers and would represent a risky proposition. As it is, Stafford netted just eight goals in 58 games in 2016-17. Eaves notched a career high 32 goals, besting his previous best by 12 and suggesting heavy regression is likely.

On the blue line, both Karl Alzner and trade deadline pickup Kevin Shattenkirk will head to free agency. Khurshudyan expects both to depart for greener pastures and speculates that Nate Schmidt will likely assume a role next to John Carlson on the team’s top pair next season. That leaves a hole on the third pairing with Brooks Orpik. Internal candidates, according to the scribe, include Taylor Chorney along with prospects Madison Bowey and Christian Djoos. The free agent market is thin at the position, though veteran defender Johnny Oduya could represent one option, according to the author.

On the trade front, Khurshudyan mentions recent reports that Minnesota would be willing to listen to offers for RW Nino Niederreiter, a pending RFA. Coming off a 25-goal season with the Wild, Niederreiter would certainly command a sizable return in any trade, but he would satisfy Washington’s need for a top-six forward and is young enough to fill that role for years to come. Additionally, given the restrictive nature of the expansion draft rules, both the Wild and Anaheim may have to leave a talented young blue liner exposed and could elect to make a trade to secure some value in return. While that may provide Washington with another means with which to add a needed defenseman, many teams in the league will be shopping in the same market and likely have more to offer in return than the Capitals.

Elsewhere in the Metro Division:

  • Scott Darling’s move to Carolina, where it is expected he will be given every chance to be the team’s #1 goalie, is viewed as the 28-year-old netminder’s biggest opportunity at the professional level. For his part, however, Darling sees it as just the next step in a pro career chock full of opportunities, writes Luke DeCock of The News & Observer. As DeCock notes, Darling has already overcome a drinking problem which nearly sunk his career before it ever even got started, and has worked his way up the pro ranks all the way from the SPHL up to where he is today; the presumptive starter for a young Carolina team hoping to contend for a playoff spot next season. It’s been a lengthy process for Darling but his approach finally appears to be paying off. “It’s kind of been my thing to just saw the wood in front of you, and just keep working toward the next step.” The “wood” in front of him is the high expectations that he will have to shoulder as the new #1 goalie for a team whose recent chances to compete in the postseason have been derailed by poor to mediocre play between the pipes. But given his history, Darling appears well-suited for the challenges that await in Carolina.
  • The New Jersey Devils have high expectations for their 2016 first round draft selection, center Michael McLeod, a skilled offensive talent who starred for Mississauga of the OHL. Chris Ryan of NJ Advance Media spoke with Paul Castron, the team’s Director of Amateur Scouting, about McLeod’s progress one year after the team made the 6-foot-2, 194-pound pivot the 12th overall pick in the draft. After impressing team brass at the Devils developmental and training camps last summer, McLeod struggled during the first couple of months of the OHL season, writes Ryan, though Castron is still high on the prospect: “He’s one of those players where he never lets you down with his work ethic and his speed game is always there, he’s always a factor. I think he was just frustrated early in the season for not producing at a higher rate. The team as a whole really struggled, and I think he felt a lot of pressure because he was captain, too, and he was their leader.”  McLeod would get his game going in the second half of the season, notes Ryan, amassing 46 points over his final 31 contests and leading his team to the OHL Final, recording an impressive 27 points in 20 postseason games along the way. With New Jersey in the midst of an all out rebuild, one buoyed by winning the rights to the first overall choice in the 2017 draft in the NHL’s recent lottery, McLeod’s development will be important to the future success of the organization. It’s possible given the team’s dearth of offensive talent that McLeod could open the year in New Jersey with a strong training camp performance.

 

Morning Notes: Okposo, Shattenkirk, Capitals

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When Kyle Okposo was hospitalized last month, it was a scary moment for friends, family and fans of the Buffalo Sabres forward, unsure of exactly what had happened. John Vogl of Buffalo News has a heartening update though, saying that Okposo is still likely to be ready for training camp in September.

According to teammate William Carrier, Okposo had suffered a concussion and was receiving treatment for it, which according to other sources then led to a bad reaction to medication. Okposo would end up in the neuro-intensive care unit, but was released on April 7th.

  • The Washington Capitals cleaned out their lockers today, and Kevin Shattenkirk was front and center talking to the media about his upcoming free agency. Though he told Isabelle Khurshudyan of the Washington Post that he’d talk to the Capitals first about a possible extension, he also admitted that he wants a bigger role wherever he goes. While the Capitals are likely losing Karl Alzner as well, it’s clear that Shattenkirk wouldn’t be the #1 on that team should he re-sign, which means he’s likely played his last game there for the time being. Which teams would be interested in making him their top defender is still up for debate, after an up-and-down playoff run.
  • The rest of the Capitals also talked about their free agency, with T.J. Oshie, Justin Williams and Daniel Winnik all indicating their preference to return. Oshie especially will be a tough case, as he likely would enter the market as one of the top-3 free agents this summer. With the Capitals needing to re-sign several key restricted free agents, Oshie would be tough to fit into their cap structure.

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