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Kyle Palmieri

Devils Re-Sign Kyle Palmieri To a Five Year Deal

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New Jersey has avoided arbitration with Kyle Palmieri as the team announced Thursday that they have re-signed him to a five year, $23.25MM contract.

Last season, Palmieri was the Devils’ top point getter, collecting 30 goals and 27 assists while playing in all 82 games for the first time in his career.  He also averaged a career high 17:48 of ice time per game.  His 57 points nearly doubled his previous career high of 31, set with Anaheim back in 2013-14.

New Jersey acquired Palmieri from the Ducks back at the 2015 NHL Entry Draft in exchange for a 2nd round pick in 2015 and a 3rd rounder in 2016, a move that looks like a bargain after how he performed last season.

In his career, Palmieri has played in 280 NHL games between Anaheim and New Jersey, scoring 73 goals and 73 assists while averaging 14:01 per night.  He projects to remain the top line right winger for the Devils, potentially alongside Adam Henrique and the recently-acquired Taylor Hall.

The breakdown of the deal in terms of salary is as follows:

2016-17: $4.5MM
2017-18: $4.5MM
2018-19: $5MM
2019-20: $5MM
2020-21: $4.25MM

The Devils have a pair of remaining restricted free agents to sign this offseason, forward Reid Boucher and defenseman Reece Scarlett.  They have just over $13MM in remaining cap space according to Cap Friendly.

RFAs Still Waiting On Contracts

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After a busy few days watching free agent contracts be handed out like candy, and millions of dollars spent like pennies, there are still some key restricted free agents out there negotiating their next contracts.  Vincent Trocheck, Filip Forsberg and Seth Jones have already received deals eclipsing $25MM, locking them in long before they even get a sniff of unrestricted free agency.  Here are a few more names still waiting on deals:

For the entire list of RFA players, and the projected depth charts for each team head to Roster Resource and check out their detailed info.

Edmonton Trades Taylor Hall To New Jersey

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First reported by Bob McKenzie of TSN, the Edmonton Oilers and New Jersey Devils have completed a deal that will see winger Taylor Hall change teams. In return, the Devils will send Adam Larsson the other way.  It is a one-for-one deal, only including the two young stars.

The Oilers have been long rumored to be chasing a long-term defensive piece, and Elliotte Friedman adds that there was talk of a Hall for Larsson deal at the draft last weekend. Of course, when Jesse Puljujarvi fell to the Oilers with the fourth selection, they couldn’t convince themselves to draft a defenseman.

With the glut of young forwards that Edmonton now has they would be wise to deal one of them, however Hall looks like perhaps the best one not named McDavid. His 65 point 2015-16 season was excellent, and he’s now put up 328 points in 381 games.

In Larsson, the Oilers get an excellent young blueliner that is still locked up long-term. The 23-year old is signed through the 2020-21 season at a reasonable $4.17MM rate. While he’s not quite the shutdown number one guy many people thought that Hall would command, he is a young top-pairing defenseman who the Oilers so desperately needed.  This may lend more credence to the idea that Milan Lucic has already agreed to a contract, as the Oilers completed this deal quickly after his Monday visit.

For the Devils, they get another young powerhouse talent to add to their forward group alongside Adam Henrique, Kyle Palmieri and Pavel Zacha. With a young corps of defensemen still under contract, Larsson was deemed expendable in order to get this kind of talent. First impressions are an absolute robbery by the Devils, who have more than enough room to add a top talent on a $6MM/year deal.

Free Agent Focus: New Jersey Devils

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The first post-Lou Lamoriello year didn’t go as well as many fans in New Jersey would have hoped as the team missed the postseason by a dozen points.  GM Ray Shero has some work to do to if he wants to turn this roster into a playoff contender for next season.  Here is a look at their free agent situation.

Key Restricted Free Agents: Kyle Palmieri was a major bright spot for the Devils after being acquired at the 2015 draft from Anaheim.  The 25 year old winger posted a career best 57 points (his previous high was 31) while adding 30 goals, leading the team in both of those categories.  Palmieri earned just $1.6MM and could potentially triple that on a long-term deal.

Blueliner Jon Merrill is coming off his entry-level contract and has spent the last two years strictly in the NHL.  However, various injuries (including shoulder surgery back in March) limited him to 47 games last year.  Merrill is a candidate to move into a top-4 role for 2016-17 but may have to settle for a one year pact, allowing the team to evaluate how his shoulder heals and he how he fares in a bigger role.

Other RFA’s: F Reid Boucher, F Jacob Josefson, F Sergei Kalinin, F Devante Smith-Pelly

Key Unrestricted Free Agents: Patrik Elias missed most of last season with knee problems (and underwent surgery again back in May) but still managed to pick up eight points in 16 games, a similar points-per-game mark as 2014-15.  The 40 year old forward is clearly on the downswing of his career but still has the potential to be a second liner moving forward if he’s fully healthy.

David Schlemko was largely an unnoticed pick up for New Jersey last offseason but he wound up playing an important role for them, averaging 18:38 per game, good for fourth amongst Devils defensemen.  He also picked up a career high in points with 17 in 67 games.  Schlemko made just $625,000 last year but should be poised to receive a decent raise in free agency.

Other UFA’s: F Bobby Farnham, F Stephen Gionta, F Tyler Kennedy, F Tuomo Ruutu, F Jiri Tlusty, F Jordin Tootoo, D David Warsofsky

Cap Situation: The Devils find themselves with over $25MM in projected cap space, according to Cap Friendly.  They have 6-7 roster spots to fill but New Jersey is not typically a spend-to-the-max team so while they have a lot of cap space, their actual budget room is likely considerably lower.

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