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Salary Cap Deep Dive: Los Angeles Kings

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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 2017-18 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.

Los Angeles Kings

Current Cap Hit: $68,168,560 (under the $75MM Upper Limit)

Entry-Level Contracts

D Oscar Fantenberg (One year remaining, $925K)

Potential Bonuses

None

This is not a very young team and the only player to have an entry-level deal is Fantenberg, who is the 25-year-old blueliner, who signed a one-year, two-way deal earlier this year. The defenseman has never played in the U.S. before, but he opened some eyes recently when he found himself on the Kings’ roster to travel to Japan for some exhibition games, suggesting he has a legitimate chance to earn a starting job on the team’s defense.

One Year Remaining, Non-Entry-Level

F Mike Cammalleri ($1MM, UFA)
F Jordan Nolan ($950K, UFA)
F Nick Shore ($925K, RFA)
D Christian Folin ($800K, UFA)
D Derek Forbort ($650K, RFA)
D Kevin Gravel ($650K, RFA)
G Darcy Kuemper ($650K, UFA)
F Nic Dowd ($640K, UFA)

Have originally started his career in L.A., Cammalleri returns to his former team after a three-year stint in New Jersey, which came after a three-year stint in Calgary and after a three-year stint in Montreal. The 35-year-old wing isn’t the same guy who put up many 20-plus goal seasons, but the hope is he can fill a back-six line for the coming season at a low price. Nolan will fight for a fourth-line role, while Gravel may also have to fight for a bottom pairing on defense, especially since he is still waiver-exempt.

Shore is one of those young players the Kings hope will have a breakout year. The 24-year-old wing has not been able to put it all together yet. He finished last year with six goals and 11 assists for 17 points, but is capable of more if he can put it all together.

Forbert played on the first line a year ago and managed to play in all 82 games. The team now hopes the 25-year-old starts to cash in on the team’s promise when they drafted him in the first round back in 2010. His defensive proficiency is designed to allow others to focus on offense more. The team also hopes Folin, signed away from Minnesota this offseason, will grab one of the last couple of defensive openings. The 26-year-old played 51 games for the Wild last season, but has had trouble getting a full-time role.

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Snapshots: Gaborik, Olsen, Top Prospects

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The Los Angeles Kings will be heading to China to play two preseason games in just over a week, but Marian Gaborik won’t be going with them. Head coach John Stevens confirmed as much to Jon Rosen of LA Kings Insider, saying that Gaborik would remain in Los Angeles to continue working on his knee rehab. Gaborik underwent a “non-surgical” procedure on his knee in August, and will try to return at some point in camp.

Stevens did say that Gaborik had been skating already, and that he’s working extremely hard to get back to the point where he can return to practice. The 35-year old has put up just 43 points over the last two seasons combined, but some of that could have to do with the chronic knee injury. If it’s fixed, perhaps some of his noticable decline in speed will be mitigated and he can reclaim some of his goal-scoring prowess. If not, it could be a long four years—the time left on his current contract—for the Kings.

  • Darren Dreger of TSN is reporting that the Calgary Flames have invited Dylan Olsen to training camp on a professional tryout, bringing him back to the NHL for at least a short while. After being selected in the first round and playing 124 NHL contests, Olsen spent last year in a Senior A circuit away from professional hockey. The left-handed defenseman is now 26, and could potentially earn a minor league deal if shows any semblance of his former self. It’s hard to imagine he’ll ever see the NHL, but stranger things have happened in the past.
  • Bob McKenzie of TSN released his annual preseason draft prospect rankings, and like most lists Rasmus Dahlin is at the very top. The Swedish defender has a game that brings both incredible offensive upside and enough strength and size to make him a potential franchise player. Though he’ll have top forwards like Andrei Svechnikov and Brady Tkachuk to fend off—McKenzie’s number two and three prospects—Dahlin could become the first Swedish-born player to go first overall since Mats Sundin in 1989. He’ll play for Frolunda this year in the SHL.

Marian Gaborik Has “Non-Surgical Procedure” On Knee

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At the Los Angeles Kings’ state of the franchise event yesterday, GM Rob Blake revealed to season ticket holders and media that Marian Gaborik had undergone a “non-surgical” procedure and is still unlikely for camp. That news comes from Dennis Bernstein of The Fourth Period and the NHL Network, who reports the procedure was to repair ligament and tendon damage in his knee.

While it’s not clear if this is a new procedure or the same one Blake spoke about back in April, but it does cast further doubt on the start of Gaborik’s season. With the less-than-forthcoming way that the Kings are explaining the procedure and injury itself, there deserves to be some speculation on whether or not the team is planning on using some long-term injured reserve time for the aging winger. Gaborik for what it’s worth has posted several videos and photos of him training or biking recently, showing that he’s at least healthy enough to be in the gym.

Gaborik is coming off another dreadful season in which he registered just 21 points and will play this season at 35-years old. With still four years remaining on his contract, there was thought that the Kings might buy him out this summer. That couldn’t happen with his injury, and the opportunity is starting to disappear. With his front-loaded contract, a buyout next summer would result in a still fairly hefty cap hit.

Overpriced: The Worst Contracts Of 2016-17

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Recently we took a look at some of the best contracts in the league based on cost-per-point, and which off-season contract would hold that title this year. Patrick Sharp easily won the poll, and could provide great value on his $800K contract ($1MM with performance bonus). Among players still signed, excluding entry-level deals, Jon Marchessault has a good chance to repeat if he’s given the opportunity in Vegas. He was one of the brightest spots for Florida last year, after agreeing to a two-year deal that pays him just $750K per season. Patrick Sharp

So what about the other side of the spectrum? Who are the most expensive players relative to their performance in the NHL? Luckily CapFriendly has a helpful tool that not only lists the per-point cost, but can standardize it to what it would have cost had the player spent 82 games in the NHL. That way a player like Milan Michalek who scored just one point won’t be penalized for the fact that he was buried in the minors all year.

As one would expect, this list is led by a glut of defensive defensemen who are paid more for what they do in their own end than their offense. Still, you can see how teams can get in trouble with players like Josh Gorges and Marc Staal costing more than $500K per point this season. The two combined for 16 on the year.

Interestingly another Buffalo defender is high on the list, as Dmitry Kulikov recorded just five points all season. Despite that $497K cost-per-point rate, he still locked down a deal that will continue to pay him $4.33MM for the next several years. He’s a bounce-back candidate for sure, but it was surprising to see his terrible year not affect his price tag.

If you eliminate defensemen, the picture becomes even uglier. Regardless of role, forwards are still expected to contribute at least somewhat on offense, especially those who earn hefty contracts. Andrew Desjardins leads the pack among players who spent the majority of the season in the NHL, scoring just a single point in his 46 games. He only cost the team $800K though, which means Carl Soderberg takes the cake as the worst contract in the league*.

Carl SoderbergSoderberg was paid $4.75MM last season and recorded just 14 points. He’s not expected to be a huge offensive producer, but the fact that Colorado had to pay more than $330K per point this season was ridiculous. His fall off was immediate and precipitous, as he’s just a year removed from a 51-point year, but if he can’t climb back up the three remaining years on his contract look about as bad as they come. His no-trade clause has dropped to just a list of 10 teams he can’t be traded to, but if his production continues he’s more likely a buyout candidate than anything else.

Interestingly, not too far down the list is Bobby Ryan who at $7.8MM is one of the highest-paid players in the league. His 25-point season is completely unacceptable, though many will forget it due to his postseason performance. Ryan recorded 15 points in 19 playoff contests, but is now entering his thirties with five more years on his deal. Perhaps he was playing with an injury, or it’s just an aberration, but Ryan is expected to post nearly double his regular season performance. While he’s clearly not a 30-goal scorer any longer, 13 is just not acceptable.

So who will lead the list this year? Well, early favorites may be Tomas Plekanec in Montreal, who still has a cap-hit of $6MM this season and will play the year at age-35, and Marian Gaborik coming off an injury and turning 36 during the year. Even the new signing of Patrick Marleau to a $6.25MM cap hit could easily backfire for the Maple Leafs, and end up being the most expensive per-point forward in the league.

*Bryan Bickell’s $4MM deal could have been listed as the worst contract, though he was omitted due to his diagnosis of multiple sclerosis. Had Bickell been healthy enough to play he likely still could have ended up at the top, but that is far from certain.

Photos courtesy of USA Today Sports Images

Kings Looking To Shift Course

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After missing the playoffs two seasons in a row, the L.A. Kings have fallen pretty hard from grace. After winning the cup twice in three years, it’s been one bad story after another for the team from Hollywood. Dustin Brown was stripped of the captaincy and relegated to bottom-six duties, not long after former key contributor Mike Richards found himself terminated due to a combination of on-ice, off-ice, and salary issues. Matt Greene had to be bought out entirely. Marian Gaborik is 35, signed for four more seasons, and just put together two underwhelming performances back-t0-back. The defense has gotten more top-heavy, and after losing Brayden McNabb to Vegas in the expansion draft, is set to lose another valuable piece. The head coach who earned the franchise its two rings was fired and a re-tread coach from Philadelphia will get his opportunity in 2017-18.

In an article with the L.A. Times written by Helene Elliotts, GM Rob Blake details the change in philosophy the Kings will need to adopt if they are going to find success in the near future. Ultimately, he wants to predicate the team’s identity more on speed, while staying true to their defensive style. Los Angeles has played a heavy, physical, stifling game to get their championships, and it appears that Blake is shifting away from that mantra next season. He isolated the “core” of the team as Anze Kopitar, Tanner Pearson, Jeff Carter, Tyler Toffoli, Drew Doughty, Jake Muzzin, and Jonathan Quick. It might be drawn from his sentiment thatt other, more expendable pieces that may be available if the Kings continue to merely tread water.

Los Angeles did make a decent bargain-bin signing in Mike Cammalleri, who was sunk by a capsized New Jersey Devils squad last season. The potential for him to rebound and be productive is quite high, but it may not be nearly enough. The Kings beat out only Philadelphia, Colorado, New Jersey and Vancouver in terms of fewest goals scored. Carter and Pearson were the only twenty-goal scorers on the team. Guaranteed offense is an absolute need, and although former coach Darryl Sutter’s systems were a component of the struggles, the team needs more reliable production. Their defense is still the team’s greatest organizational strength, but it does strike some as odd that a player like McNabb wasn’t shuffled elsewhere for scoring help rather than being sacrificed for nothing to expansion.

If the Kings decide at this late stage to go the free agency route, their options are solid if a bit older. If speed is the determinant factor, that may seem to rule out the likes of Jaromir Jagr and Jarome Iginla, while leaving the possibility of a Thomas Vanek signing open. More likely, however, the Blake and the Kings will need to probe the trade market. From there, the team will likely need to surrender future assets if they hope to receive solid scoring in a returning package. The team could take a lot of offensive pressure off of Kopitar (who himself is more of a two-way player) if they could swing a trade for a solid center. Matt Duchene is likely out of their price range, and Alex Galchenyuk’s value just skyrocketed. The bottom-six wingers are dreadfully lacking in experience, so an upgrade to the third line couldn’t hurt. Cap space is tight, however, as the team will only have over $5.5 MM after re-signing RFAs Nick Shore and Kevin Gravel. It may take outside-the-box thinking to bring the Kings back into contender status, but Blake seems primed to make moves, albeit on his own timeline.

West Trade Talk: Brodin, Stepan, Gaborik, Predators

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One team to watch for in advance of today’s roster freeze is Minnesota who have more quality blueliners than protection slots available.  Michael Russo of the Star-Tribune reports that several teams, including Dallas, Montreal, Tampa Bay, and Toronto have all shown interest in blueliner Jonas Brodin.

The 23 year old has four years left at a cap hit of $4.17MM, a solid rate for a player who has averaged more than 22 minutes of playing time per game in his career.  He’s also coming off a career year offensively with 25 points in 68 games.

Brodin isn’t the only blueliner that the Canadiens have shown interest in as Russo notes that Marco Scandella’s name has come up in trade discussion as well as part of talks regarding forward Alex Galchenyuk.  However, given their situation when it comes to protecting forwards in expansion, making a deal work where the Wild take a forward back that requires protection may be a bit too challenging in these final hours before the freeze.

Other trade rumblings from the West:

  • The Coyotes are showing “serious interest” in Rangers center Derek Stepan, TSN’s Bob McKenzie reports (Twitter link). The deadline to watch for here is more July 1st than today as the turn of the calendar marks the beginning of Stepan’s no-trade clause.  The soon-to-be 27 year old had 55 points (17-38-55) in 81 games this past season and has four years left on his contract with a $6.5MM cap hit.
  • The Kings held discussions with the Golden Knights about potentially taking on winger Marian Gaborik’s contract, TSN’s Pierre LeBrun notes (Twitter links). However, talks didn’t progress as the asking price to do so was too high for their liking.  The 35 year old Gaborik has four years left on his deal with a $4.875MM cap charge but has seen a significant drop in his production in recent years.  In 2016-17, he had just 10 goals and 11 assists for a career low 21 points in 56 games while also spending time as a healthy scratch.
  • Nashville is continuing to try to reach a side agreement with Vegas on a deal for them to avoid a prominent unprotected player but talks are not progressing, TSN’s Darren Dreger reports via Twitter. It’s expected that the Predators will utilize the 8/1 strategy in order to protect their top four defensemen.  However, that means that one of wingers Calle Jarnkrok or James Neal would be exposed and would certainly interest the Golden Knights.

Los Angeles Could Be Trading Partner For Vegas

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The Vegas Golden Knights have been open with the fact that they expect to acquire more picks as the NHL Entry Draft approaches, and Pierre LeBrun of TSN previously reported that he’d heard talk of a first-round pick in the discussions. Today on TSN radio, Gord Miller expanded on that idea by saying that Los Angeles is a likely partner for the Golden Knights. The Kings would send Dustin Brown to Vegas along with a first-round pick just to rid themselves of his contract. Dustin Brown

While it likely is just speculation from Miller, the idea that Brown is a perfect candidate for banishment to Vegas is not new. The Kings have two huge problems on their roster with Brown and Marian Gaborik, who combine for $10.75MM per year for the next four seasons. They both are obviously on the downside of their careers, with Gaborik only scoring 21 points this season. The Kings tried to move him at the deadline, but couldn’t find a palatable deal. Brown has some leverage on this front as his partial no-trade clause allows a deal to only eight teams that he specifies, making it even harder to move him.

Buyouts are options for the Kings, but with Gaborik rehabbing from surgery GM Rob Blake has already announced he won’t use that option with the 34-year old sniper. Obviously they’d rather move Brown out in a trade than a buyout but a first-round pick is a hefty price to pay especially when it comes at #11 this season. The Kings want to compete next season, and moving Brown or Gaborik would help their offseason, but they need to keep an eye on the future as well and make sure that it doesn’t cost too much to fix the mistakes of the previous regime.

Photo courtesy of USA Today Sports Images

Injury Notes: Gaborik, Thornton, Bergeron

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The Los Angeles Kings released a list of players who went through medical procedures following the year, and while Tyler Toffoli, Alec Martinez and Derek Forbort all underwent minor procedures that shouldn’t take long to heal, Marian Gaborik is said to be “questionable” for training camp. Gaborik had an “in-depth” procedure on his left knee, likely the same one that GM Rob Blake announced just yesterday. That announcement came with the addendum that the team would not buyout the declining star, and perhaps we now know why.

Teams cannot buy out injured players, and with the first window to perform such a transaction opening in less than a month, Gaborik clearly won’t be healthy. The Kings will likely receive a second window after their arbitration cases are resolved—there is no guarantee they get this window, but with 11 players currently eligible for arbitration are good candidates for it—but that will likely still be much too soon for Gaborik’s health.

  • When it was reported yesterday that Joe Thornton had been playing on one knee and would need surgery, it threw his free agency into question. If the 37-year old was headed for major knee surgery, which team would be willing to spend a hefty amount of money to add him to their team. Well, the Sharks announced today that Thornton underwent successful surgery and is expected to be ready for the start of the 2017-18 season, at least assuaging those reservations somewhat. His market value will still be contingent on medical results of his recovery, but he should be expected to garner quite a bit of interest.
  • Patrice Bergeron told media today that he had been dealing with a sports hernia all year, and that he and the medical staff are considering surgery to fix the problem. While it’s extremely impressive that Bergeron put up 53 points and another Selke-worthy season with a hernia, surgery shouldn’t be considered just an off-season clean up. Often players take quite a bit of time to recover fully from hernia procedures, even when they’re able to get back into games. His performance at the beginning of next season will be interesting to watch as he heads into his age-32 season.

Los Angeles Kings Will Not Buy Marian Gaborik Out Of Current Contract

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With four years left on his current contract and rumors swirling that he was on the trade block at the deadline, Marian Gaborik was an early candidate for a possible buyout to help the Los Angeles Kings cap situation—until today. In a press conference to introduce new head coach John Stevens, GM Rob Blake announced (via Helene Elliott of the LA Times) that Gaborik will not be bought out this summer. Instead, Blake explained that Gaborik had been playing hurt and has already undergone a procedure to fix whatever ailment was keeping him from being 100%.

While the injury may have been causing his struggles this year, the fact remains that Gaborik is now coming off back-to-back seasons with less than 25 points. The 35-year old has looked slow relative to his peers for two seasons, and it looks like the three-time 40-goal scorer is a thing of the (distant) past. At $4.875MM per season, he isn’t coming anywhere close to the production expected.

Because Gaborik’s deal is front-loaded, a buyout becomes more and more unattractive as the years go on. As the actual salary decreases, so does the amount of cap-hit you can save by buying him out, making it almost pointless. Next summer would be the last chance to really get any valuable relief out of a buyout, meaning Gaborik likely will be expected to play out the contract and try to provide at least some value to the Kings. The team made a similar decision last summer with regards to Dustin Brown, who remains a buyout candidate this summer to free up some space.

Blake and the Kings need to sort out their finances before next summer when the conversation will turn to a possible extension for Drew Doughty. Under control for two more seasons, the reigning Norris winner will need a Brent Burns-like extension in 2019 and the team will have to be able to sell him on their ability to compete in the near future. With both Brown and Gaborik on the books until 2022 and 2021 respectively, the team may need to look at a cap-eating team like Arizona or the newly constructed Vegas team for some relief.

Kings Fire Head Coach Darryl Sutter And GM Dean Lombardi

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In a massive overhaul of their front office, Los Angeles Kings ownership group AEG announced that head coach Darryl Sutter and General Manager Dean Lombardi have been relieved of their positions. A pair of former players and current executives have been promoted with Luc Robitaille named President and Rob Blake named the new General Manager and Vice President. The duo will oversee all of hockey operations which now includes finding a new coach. The Kings will hold an official press conference tomorrow to introduce Robitaille and Blake in their new capacities.

The sweeping changes come after a disappointing season that saw the perennial contenders miss the playoffs entirely. Despite a long-term injury to starting goalie Jonathan Quick, it was instead the offense that struggled for much of the season. Anemic at times, the offense finished 24th in the league with 2.4 goals per game behind poor production from Anze Kopitar, Marian Gaborik, and Dustin Brown and a step backward in development for Tyler Toffoli. Much of the blame for the goal-scoring struggles fell on Sutter’s dated style and slow-paced structure and Lomdardi’s inability to add scoring via trade. Lombardi likely sealed his fate with a strange deadline deal to acquire Tampa Bay Lightning starting goaltender Ben Bishop in exchange for expectation-shattering veteran backup Peter Budaj and other pieces just as Quick had finally gotten healthy. The move did little to help the Kings down the stretch, whereas those same pieces or others could have been used to acquire a scorer instead. Los Angeles finished in tenth in the Western Conference, eight points behind the Nashville Predators and Calgary Flames for a playoff berth.

AEG CEO Dan Beckerman called the move “an extremely difficult decision… made with an enormous amount of consideration”, but in the end they felt that it was the best for the team. Beckerman expressed his gratitude to both Sutter and Lombardi in the company’s statement, as the pair did build and operate a Kings team that won two Stanley Cups in a five-year span, but simply felt it was time to move on. Sutter joins a growing list of highly decorated  veteran coaches available on the open market, but only time will tell if his old-school style is appealing to one of the teams in the hunt for a new bench boss. Sutter is a Hall of Famer, but his NHL future is currently in doubt. Lombardi meanwhile is not long removed from being considered a top team builder in the NHL. Lombardi built a winner in L.A., but simply forgot to keep building. Nevertheless, he will find a job in a front office sooner rather than later. The new team of Robitaille and Blake have their work cut out for them this off-season, as the Kings faces a difficult Expansion Draft scenario, likely a middling first-round pick unable to contribute next season, several contracts that should be shed if possible, and, of course, a desperate need for scoring help up front.

 

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