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Salary Cap Deep Dive: Washington Capitals

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Navigating the Salary Cap is probably one of the more important tasks for any general manager to have. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2018-19 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.

Washington Capitals

Current Cap Hit: $78,400,961 (under the $79.5MM Upper Limit)

Entry-Level Contracts

F Jakub Vrana (One year remaining, $863K)

With the team trying to make a Stanley Cup run over the past few years and finally capturing one, youth is in rare supply in Washington as the team has made it clear that it prefers to play its veterans rather than risk mistakes from youngsters. The only player who is still on an entry-level deal is Vrana, who has had a turbulent career so far with the Capitals. After spending a couple of years in the AHL, he finally got a full season with Washington this year, but the former first-round pick was never able to secure a full-time role in the team’s top six as he bounced around on different lines all season. He finished the year with 13 goals and 27 points, but put up another three goals and eight points in the playoffs. He has a chance to take on a full-time role on the team’s second line this season and hopes for a breakout season.

Potential Bonuses

Vrana: $600K

Total: $600K

One Year Remaining, Non Entry-Level

F Andre Burakovsky ($3MM, RFA)
F Brett Connolly ($1.5MM, UFA)
D Brooks Orpik ($1MM, UFA)
F Devante Smith-Pelly ($1MM, UFA)
D Christian Djoos ($650K, RFA)
F Nic Dowd ($650K, UFA)
F Chandler Stephenson ($650K, RFA)
F Nathan Walker ($650K, RFA)
G Pheonix Copley ($650K, UFA)

The Capitals have only a few significant free agents for next season as many of their deals are league-minimum contracts, which is necessary considering the amount of money the team has expended in keeping their roster together. Perhaps the biggest name on their free agent list will be Burakovsky, who many thought might have a breakout season with a bigger role last year. However, Burakovsky’s numbers decreased as his season was plagued with injuries. His 12 goals and 25 points in 56 games was the worst since his rookie season. However, he did post six points in 13 playoff games. If he can stay healthy, the 23-year-old could provide the team with more offense.

Due to the Stanley Cup win, the team was able to find a way to bring back several key role players on cheaper deals. The team assumed they would lose Smith-Pelly to free agency, but the 26-year-old opted to return for another playoff run, while long-time Capital Orpik was traded away, waived and opted to return for another year.

Two Years Remaining

F Nicklas Backstrom ($6.7MM, UFA)
G Braden Holtby ($6.1MM, UFA)
D Madison Bowey ($1MM, RFA)
F Travis Boyd ($800K, RFA)

The team does have to worry about Backstrom in two years. The team’s No. 2 center is still posting excellent numbers as he tallied 21 goals and 70 points last season, the fifth straight season he’s reached at least 70 points. However, the team will have a tough decision to eventually make as the veteran will be 32 when he gets awarded a new contract, which can get into a dangerous area when players hit their early 30’s.

Holtby will be another interesting case. After temporarily losing his starting job to Philipp Grubauer for a few weeks near the end of the season due to poor play (2.99 GAA, .907 save percentage), Holtby snapped out of it and posted dominant numbers throughout the playoffs (2.16 GAA, .922 save percentage) showing he still has what it takes to be a top-of-the-line goaltender. While the 28-year-old should still be in his prime in two years, the team also has top goaltending prospect Ilya Samsonov arriving in North America this season. He’ll likely start the season in the AHL, but he will likely be ready to take the reigns once Holtby’s deal expires.

Three Or More Years

F Alex Ovechkin ($9.54MM through 2020-21)
D John Carlson ($8MM through 2025-26)
F Evgeny Kuznetsov ($7.8MM through 2024-25)
F T.J. Oshie ($5.75MM through 2024-25)
D Matt Niskanen ($5.75MM through 2020-21)
F Tom Wilson ($5.17MM through 2023-24)
D Dmitry Orlov ($5.1MM through 2022-23)
F Lars Eller ($3.5MM through 2022-23)
D Michal Kempny ($2.5MM through 2021-22)

The team decided more than a year ago that they were going for it, which worked out perfectly last season. The team has done a fantastic job locking up its core, although many of the pricetags are quite generous, which could come to hurt them. However, now that the team has won the Stanley Cup, the team is going all out to win another as the team has locked up all of their critical free agents this year, signing Carlson as a long-term answer as their top defender as well as locking in Wilson. That gives them a solid core for the next many years. That should give them two or three years to attempt to capture another title. However, eventually this team will be weighed down by these contracts, much like the Chicago Blackhawks, but Washington is focused on the future.

The team may be forced into handing out another long-term extension to Ovechkin in three years, depending on how the 32-year-old fares in three years, but the deal would unlikely be more than he is already being paid.

Buyouts

None

Still To Sign

None

Best Value: Holtby
Worst Value: Wilson

Looking Ahead

The Capitals are quite used to dealing with little to no cap space and will have to do that again for a number of years to come. However, the team has managed to keep not just the core of their team together, but have also managed to bring back multiple role players at bargain prices to keep this team at a Stanley Cup level. With new deals to players like Carlson and Wilson, should challenge for a few more years, but age and those long-term deals will eventually hold the franchise after that. However, the team has already proven that their tactics are worth it after winning it all last season.

Photos courtesy of USA Today Sports Images.

Washington Capitals Re-Sign Madison Bowey

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The Washington Capitals still have to reach a contract with Tom Wilson, but are close to inking all of their restricted free agents this summer. Madison Bowey is the latest to re-sign with the Capitals on a two-year contract worth a total of $2MM.

Bowey, 23, made his NHL debut last season and ended up playing 51 games with the Capitals. Though he didn’t see any time in the playoffs, he still was able to experience the run with the team and celebrate them winning their first Stanley Cup in franchise history. That experience should come in handy this season when Bowey will be asked to be a full-time contributor to the team, anchoring the bottom pairing with either Christian Djoos or Michal Kempny, depending on how the season goes along.

Still waiting for his first NHL goal, Bowey showed that he could be a capable puck mover at even-strength and racked up 12 assists in his shortened season despite limited minutes. That total could certainly improve going forward as the second-round pick gains more confidence at the NHL level and is given a bigger role. The league is short on capable right-handed options, and if Bowey can prove his worth the Capitals would have one of the strongest right sides in the league with John Carlson and Matt Niskanen ahead of him. Those two and Dmitri Orlov will be earning the lion’s share of the salary on the back end, leaving young players like Bowey and Djoos for the team to rely upon at a relatively low price.

Capitals Hire Reid Cashman As Assistant Coach

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New Washington Capitals head coach Todd Reirden has begun filling out his staff. Just as Reirden was promoted internally, he has made his first hire from within. According to Mark Divver of the Providence Journal, the Capitals have hired Reid Cashman as an assistant coach. Cashman has been an assistant coach with the Hersey Bears, Washington’s AHL affiliate, for the past two years but is set to make the jump. While the team has yet to formally announce the hiring, Divver’s report last night has since been followed up by confirmation from a local radio source and a former colleague of Cashman’s.

It has been a meteoric rise for the 35-year-old coach. Cashman was still playing in the AHL less than a decade ago – including a season with the Wilkes-Barre/Scranton Penguins with Reirden as his coach – after a highly successful collegiate career at Quinnipiac University. He then returned to his alma mater as an assistant right after his playing days were over and coached the Bobcats until 2016. He then joined the Bears and just two years later is already on to the NHL level with the Capitals.

A high-scoring defenseman in his time, Cashman will be tasked with working on the Washington blue line as the replacement to the departed Lane Lambert. His style as a player and experience as a coach at the younger levels should stand to benefit Capitals defensemen like Dmitry Orlov, Christian Djoos, Madison Bowey, and rookie hopeful Lucas Johansen. The defending champs need their younger players on the back end to step up this season with some lacking depth and Cashman will be the man to get them going.

Vegas GM McPhee Has Had A Hand In Building Both Stanley Cup Teams

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While much of the attention to this year’s Stanley Cup will go towards the players, especially Washington Capitals’ Alex Ovechkin and Vegas Golden Knights’ Marc-Andre Fleury, much of the spotlight should be shining on the Golden Knights’ general manager, George McPhee. The GM, who also worked as the general manager from 1997 to 2014 of the Washington Capitals, has had a hand in more than 75 percent of the players that will be on the ice on Monday.

McPhee is already responsible for putting together the Golden Knights roster from Fleury to William Karlsson to Jon Marchessault, to the often criticized deadline moves of acquiring Tomas Tatar and Ryan Reaves, both who have scored critical goals in the postseason. According to NBC Sports Tarik El-Bashir, not only has he had a hand in every player the Golden Knights have on their roster from Day 1, McPhee also is responsible for 13 of the team’s 25 players on their roster who have played in this year’s playoffs.

As the Capitals general manager, McPhee was responsible for drafting Alex Ovechkin (first overall in 2004), Nicklas Backstrom (fourth overall in 2006), Jay Beagle (signed as a free agent in 2008), John Carlson (24th overall in 2008), Braden Holtby (93rd overall in 2008), Dmitry Orlov (55th overall in 2009), Evgeny Kuznetsov (26th overall in 2010), Philipp Grubauer (112th in 2010), Travis Boyd (177th overall in 2011), Tom Wilson (16th overall in 2012), Chandler Stephenson (77th overall, 2012), Christian Djoos (195th in 2012), and Andre Burakovsky (23rd overall, 2013).

McPhee also has a close relationship with Capitals general manager Brian MacLellan. They played junior hockey together, were teammates at Bowling Green and worked together in Washington for 14 years, making this a very strange Stanley Cup Finals.

“It’s kind of a weird experience. We’ve been texting back-and-forth how strange it feels,” said McLellan on facing Vegas GM George McPhee.

Snapshots: Vancouver, Tallon, Fines

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The Vancouver Canucks extended their general manager Jim Benning today, rewarding the work he’s done to start a rebuild around a new core of young players. Speaking with media at the press conference (via Rick Dhaliwal of News 1130), Benning reiterated that he’s been working the phones to try and make his team better and will use free agency to “add players who will help support the young players.”

Heading into the trade deadline, the Canucks have a few expiring contracts to auction off in Thomas Vanek and Erik Gudbranson, while big decisions will still have to be made over the future of Daniel and Henrik Sedin. The twins are pending free agents and will turn 38 before next season, but could still be brought back to provide that support to Bo Horvat, Brock Boeser and the rest of the young Vancouver players. “Picks and prospects are going to be like gold” says Benning when asked about the trade deadline, an exciting prospect for fans hoping for no quick fixes.

  • Speaking of GMs trying to fix a struggling franchise, Dale Tallon of the Florida Panthers said on Sportsnet radio yesterday that he’ll only look for long-term benefits at the trade deadline and avoid “kneejerk reactions.” The Panthers have played better of late, but still find themselves well out of the race in the Atlantic Division. Though a wildcard spot is still definitely within reach, it doesn’t sound like Florida is willing to spend at the deadline to try and get over that hump.
  • The NHL handed out several fines today, issuing maximum penalties to Madison Bowey, Dustin Byfuglien and Deryk Engelland for separate incidents. The three players will face harsher penalties in the future, and draw a watchful eye from the Department of Player Safety.

Minor Transactions: 01/17/18

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The NHL has just two games on the schedule today before getting back to a full slate on Thursday, and should expect to see several minor moves around league rosters. We’ll keep track of all of them right here. Make sure to refresh throughout the day to keep track of all the movement.

  • The Pittsburgh Penguins have recalled Jean-Sebastien Dea from the minor leagues as they go on the road for back-to-back matchups against the Anaheim Ducks and Los Angeles Kings. Dea has 23 points this season for the Wilkes-Barre/Scranton Penguins, but has just one NHL game under his belt in his short career. Looking for that first NHL point still, he’ll have to find a way into the lineup over the next few days.
  • Casey Nelson is on his way up to Buffalo, recalled today from the Rochester Americans. Nelson played 11 games for the Sabres last season, but has yet to suit up this year. Buffalo is back in action tomorrow night after their bye week, taking on the New York Rangers.
  • Colorado has brought back center Dominic Toninato from San Antonio of the AHL.  The first year pro has skated in eight games with the Avalanche already this season while recording seven goals and five assists in 30 games with the Rampage.
  • With Washington’s bye week set to come to an end, the Capitals have recalled winger Jakub Vrana and defenseman Madison Bowey from AHL Hershey, per the AHL’s Transactions page.  The moves come as no surprise as the demotions were simply to save some cap space (a little over $33K); neither player suited up while they were with the Bears.
  • The Devils made a pair of roster moves, recalling defenseman Steven Santini from Binghamton of the AHL while sending goaltender Ken Appleby back down.  This reverses the swap from Tuesday that saw Appleby promoted to take the place of Cory Schneider who was unable to dress last night against the Islanders due to an illness.

Minor Transactions: 1/13/18

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With several teams ending their bye weeks, Saturday is once again shaping up to be a busy day in the NHL with nine games on tap.  Here is where we’ll keep tabs on the minor roster moves of the day.

  • Following their loss to Vancouver on Friday, the Blue Jackets announced (Twitter link) that they have sent winger Tyler Motte and goaltender Joonas Korpisalo to AHL Cleveland. Motte has spent the bulk of the season on the fourth line in Columbus but should be in line for more playing time in the minors while Korpisalo’s reassignment has been classified as a conditioning stint.  He has made just two starts at the NHL level since December 2nd but has had a couple of appearances with Cleveland already this month after being sent down earlier in the month.  With Columbus on their bye, both will likely be recalled next week.
  • The Capitals announced that they have returned winger Travis Boyd to Hershey of the AHL.  His stint with the big club was short-lived as he was only recalled yesterday and he did not play in their game against Carolina.  Boyd has been productive at the minor league level this season, tallying 27 points (8-19-27) in 37 games.  Washington has also returned winger Jakub Vrana and defenseman Madison Bowey to Hershey, via the AHL’s transactions page.  The moves come as no surprise with the Caps on their bye as they have been shuffling the two back and forth on a regular basis recently to save a little bit of cap room.
  • With the Lightning entering their bye, the team has sent goaltender Louis Domingue back to AHL Syracuse, per a team release.  Domingue has made one appearance with Tampa Bay since being recalled, earning a victory over Detroit.  That is his lone win this season as he struggled considerably in six appearances with Arizona earlier this season.  CapFriendly notes via Twitter that Connor Ingram has been recalled to take Domingue’s spot and keep the team at the mandatory minimum goalies on the roster.
  • The Stars have recalled defenseman Dillon Heatherington from Texas of the AHL, CapFriendly reports (Twitter link).  The 2013 second-round pick has yet to play in an NHL game.  He is in his third professional season and has picked up three goals and ten assists in 39 minor league contests so far this season.
  • The Canucks announced via Twitter that they have assigned winger Nikolay Goldobin to AHL Utica.  The 22-year-old has been reasonably productive this season with four points in 14 games but saw just 6:32 of ice time last night as Sven Baertschi’s return dropped him down the depth chart.  He’ll be in line for much more playing time with the Comets where he has averaged more than a point per game (19 points in 18 contests) so far this season.
  • After losing both Darren Helm and Justin Abdelkader to injuries during today’s game against the Pittsburgh Penguins, MLive’s Ansar Khan reports the Detroit Red Wings have recalled Dominic Turgeon from the Grand Rapids Griffins of the AHL this evening for Sunday’s game against the Chicago Blackhawks. The 21-year-old center was a third-round pick in 2014 and will be making his first trip to Detroit. He has nine goals and 14 assists in 23 games for the Griffins this year.

Minor Transactions: 01/06/18

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As is typically the case, Saturday will be a busy day around the league with nine games on tap so there is bound to be a fair bit of roster shuffling.  We’ll keep tabs on those moves here.

  • St. Louis announced that they have recalled defenseman Jake Walman from Chicago of the AHL. To make room for him on the roster, they have transferred blueliner Vince Dunn (illness) to injured reserve.  Walman, one of the better prospects for the Blues, is in his first full professional campaign and has 13 points (2-11-13) in 34 games at the minor league level this season.
  • The Senators revealed via Twitter that they have called up center Colin White from AHL Belleville. This will be his first stint with the team this season; although he was expected to contend for a roster spot in training camp, he broke his wrist early on which set things back.  His first season at the minor league level has been rather bumpy as he has 13 points (5-8-13) in 27 games to go along with a team-worst -15 rating.  White is expected to take the place of Nate Thompson, who was injured on Friday night against San Jose.
  • The Capitals have brought back defenseman Madison Bowey and winger Jakub Vrana from Hershey (AHL), via the AHL’s transactions page. Neither move comes as a surprise as they were just sent down yesterday in an effort to free up a little bit more cap space.  For perspective, it’s the fourth time they’ve been sent back and forth since December 17th.
  • The Islanders annouced (Twitter link) that they have recalled winger Anthony Beauvillier from AHL Bridgeport on an emergency basis.  The move comes on the heels of New York losing both Josh Bailey and Andrew Ladd to injury last night.  The 2o-year-old has spent the majority of the season with the Isles, picking up four goals and three assists in 31 games.  He has a pair of goals in two minor league contests.
  • The San Jose Sharks activated winger Barclay Goodrow from injured reserve late last night and assigned winger Marcus Sorensen to the San Jose Barracuda, according to Elite Prospects. Goodrow has been in and out of the lineup with a lower-body injury for a couple of months now. He has two goals and two assists in 10 games this year. The 25-year-old Sorensen had three goals in 13 games for the Sharks this season. He has five goals and nine assists in 17 games for the Barracuda.

Minor Transactions: 12/30/17

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While much of the hockey world’s focus has been on the World Juniors in Buffalo this week, the NHL is still rolling along with the 2017 segment of the season about to end. With six games tonight and another nine tomorrow on New Year’s Eve, teams are still making moves even with a day off for all but the Rangers and Sabres coming on Monday:

  • The Winnipeg Jets announced today that young forward Brandon Tanev has been placed on injured reserve. Coach Paul Maurice told the media that it is a lower-body injury and that Tanev is expected to be out two to three weeks. While Tanev has only ten points thus far, he is enjoying his best NHL season to date, now in his third year with the Jets. His absence only compiles the loss of Mark Scheifele, as another possible depth player who could step up is now out of the picture.
  • However, Winnipeg has responded by calling up highly-touted prospect Jack Roslovic from the AHL’s Manitoba Moose. Last season, Roslovic led the Moose in scoring as a rookie and in 2017-18 is the third-leading scorer in the entire AHL with 35 points. With Scheifele out, now is the time for Roslovic to jump in and show that he can be an offensive force in the NHL as well and is deserving of a roster spot for the remainder of the season.
  • The St. Louis Blues have activated Jay Bouwmeester from his second stint on the injured reserve this season and expect him to suit up tonight for their game against the visiting Carolina Hurricanes. In turn, the Blues have demoted rookie blue liner Jordan Schmaltz to the San Antonio Rampage of the AHL. Schmaltz, 24, has been held scoreless in four games so far this season, but has 19 points to his credit in 24 AHL games.
  • Andy Welinski has been returned to the AHL’s San Diego Gulls, the Anaheim Ducks announced. The move comes after a call-up in which Welinski made his NHL debut and recorded his first NHL point and ended a four-game stint with two assists and a +1 rating. The long-time Minnesota-Duluth star may have to wait awhile for another chance in Anaheim, but he made a good first impression.
  • The Vancouver Canucks have brought Michael Chaput back up, according to a team release. Chaput was a  frequent contributor in Vancouver last season, playing in 68 games, but has only three to date in 2017-18. While Chaput is having a good year down in the AHL with the Utica Comets, he would undoubtedly rather stick with the ’Nucks on this recall.
  • CapFriendly reports that the Nashville Predators have recalled forward Frederick Gaudreau from the AHL’s Milwaukee Admirals, but also notes that this move would put the NHL roster at 24. With the placement of Filip Forsberg on IR, the roster returned to 23.
  • In an on-paper move, the Washington Capitals recalled both forward Jakub Vrana and defenseman Madison Bowey from the Hershey Bears of the AHL. Even though neither player moved anywhere, both were sent down Friday to help ease the team’s tight salary cap situation.
  • The Boston Bruins activated center David Krejci off injured reserve today after having missed the past six games, according to Steve Conroy of the Boston Herald. The 31-year-old Krejci has only played in 18 games this year, having put up five goals and nine assists this year. He scored 23 goals a year ago.

Minor Transactions: 12/21/17

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Who cares about a roster freeze. Despite the fact that teams can’t trade or waive players, there was quite a bit of movement around the league yesterday. Today is expected to be no different, and we’ll keep an eye on all the minor moves right here. Make sure to refresh throughout the day to keep up.

  • The Montreal Canadiens recalled Brett Lernout late last night, bringing the young defender up to the NHL for the first time this season. Lernout, 22, has three games under his belt for the Canadiens in the past, and will be another option for the team while Shea Weber nurses his foot injury.
  • The Washington Capitals have recalled Madison Bowey and Jakub Vrana back to the minor leagues once again, after executing a paper transaction yesterday to save some cap room. After reclaiming Nathan Walker off waivers yesterday, the Capitals are pushed right up against the salary cap and need to bank as much room on a day to day basis as possible. With Bowey and Vrana both playing well, neither are expected to actually leave the roster for any games.
  • The Ottawa Senators have recalled Andreas Englund from the AHL, giving them another defensive option for their three-game road trip. In a corresponding move, the team has placed Gabriel Dumont on injured reserve in order to make room for Englund on the roster.
  • The Boston Bruins have recalled Colby Cave from the AHL for the first time in his career, as Brad Marchand, Ryan Spooner and Riley Nash all deal with the flu. The trio are all game-time decisions for the team’s game against the Jets.
  • Tyler Bertuzzi is back up with the Detroit Red Wings, a week after being sent down. Bertuzzi has played just a single game with the Red Wings this season, but is a player they still hope can grow into something special. It’s not clear if Bertuzzi will get into the lineup right away, but with Luke Glendening suffering a hand injury yesterday there could be room for the young forward.

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