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Golden Knights Notes: Salary Cap, Gusev, Gambling

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Trusted salary cap database CapFriendly has rolled over their site to the 2019-20 season already and one of the most eye-grabbing results is just how much trouble the Vegas Golden Knights are already in. Using a projected salary cap ceiling of $83MM, up $3.5MM from this season, at the top of the projected salary list is Vegas, who are already $125K over the cap with more than $83MM committed to just 19 players. A further inspection reveals that the Knights have just one goaltender, Marc-Andre Fleury, and six defensemen signed as of now, with no room to make any further additions. GM Kelly McCrimmon and company will have no choice but to shed salary this summer, at the very least just to re-sign restricted free agents like William Karlsson, Nikita Gusev, Jimmy Schuldt, and Malcolm Subban. Any free agent signings beyond that will require further sacrifice. Despite being just two years into their existence, Vegas has already accumulated an incredible amount of salary, mostly due to major contracts handed out to the likes of Mark Stone, Nate Schmidt, Alex Tuch, Shea Theodore, Max Pacioretty, Paul Stastny, and Fleury, all signed since this time last year. Golden Knights fans should be prepared for some tough moves, as solving this problem won’t be as easy as simply placing David Clarkson on the injured reserve. Inaugural Knights like Jonathan Marchessault, Reilly Smith, Cody Eakin, and Colin Miller are among the most likely casualties.

  • Even in the midst of his new team’s cap crunch, Nikita Gusev is expecting and hoping to re-sign with Vegas. Gusev, whose rights were acquired from the Tampa Bay Lightning at the 2017 NHL Expansion Draft, finally jumped to the NHL late this season after a decorated career in the KHL. The 26-year-old forward burned his one-year entry-level contract, despite not playing, and is now a restricted free agent. He tells Russian hockey source Sport-Express, as translated by The Sin Bin, that he likes Las Vegas and feels he owes it to the team to re-sign with them if made a reasonable offer. Gusev acknowledges that he will likely receive other offers, either from KHL clubs overseas or in the form of an NHL offer sheet, but he will wait for Vegas’ initial offer before making any decisions. What might it cost the Knights to retain their newfound weapon? The interviewer suggested to Gusev that a $4MM AAV could be the ballpark price and he did not disagree. He would only confirm that he expects a one-way deal, but did not talk specific finances. Overall, Gusev sounded very flexible about getting a deal done and even acknowledged that he would be open to playing in the AHL if that is what is asked of him. That seems like an unlikely route for Vegas to take, but Gusev’s attitude at least implies that this negotiation process and first full year in North America should go smoother than it did for Vadim Shipachyov. If (when) the Golden Knights are forced to sell off scoring this off-season, Gusev could be an ideal candidate to take on a major role next season.
  • Speaking at a conference today, NHL Commissioner Gary Bettman projected the successful growth of betting on hockey by using the Golden Knights as an example, per TSN’s Rick Westhead. In Nevada, where sports gambling is legalized, hockey bets grew by 60% in Vegas’ inaugural season and again by 40% this season. While Nevada, and Las Vegas in particular, is the unofficial gambling capital of the United States, the U.S. Supreme Court’s decision in Murphy v. NCAA last summer allows all states to decide for themselves whether or not to allow for legalized gambling. Many states already have sports books up and running and many more will soon follow. If the growth exhibited in Nevada in regards to betting on hockey is replicated by other states, it will be a key growth factor for the game and the NHL and one that Bettman will surely try to take advantage of as best he can.

Pacific Notes: Chychrun, Smith, Vlasic

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While Arizona Coyotes oft-injured defenseman Jakob Chychrun will be playing in his 30th game Sunday, the defenseman still isn’t 100 percent after offseason surgery on his right ACL. The 20-year-old is already in his third season in the NHL, but he hasn’t played more than 68 games in a season due to injuries. The most recent injury, he knows he’ll just have to play through, according to The Athletic’s Craig Morgan (subscription required).

“My knee can get a little sore still sometimes, which can be a little frustrating,” he said. “Last year, I didn’t really have that because last year was just a repair (left meniscus). This one they had to take another part of my body and make that into a new ACL. Taking that piece of patellar tendon, it can get really sore. It’s pretty up and down and it’s one thing I have been dealing with. It can feel great or it can feel terrible.”

Regardless, Chychrun has been making the most of his time as the defenseman has three goals and 10 points while averaging 20:12 in ATOI this season with 41 hits and 41 blocked shots. Arizona head coach Rick Tocchet has been impressed with Chychrun’s play despite his struggles with injury.

“He’s a 20-year-old kid that didn’t have a training camp and doesn’t have a ton of games under his belt and I’m playing him 20-plus minutes, playing him penalty kill, power play. We’re giving him a lot. My thing is to see how he reacts after bad games and they are fewer and farther between — you don’t get as many in a row and I think that’s a big step for him.”

  • When you think of the Vegas Golden Knights’ best player, you think of names such as Marc-Andre Fleury, William Karlsson, Jon Marchessault or Alex Tuch. However, when The Athletic’s Jesse Granger (subscription required) went around the locker room and asked that question, he got a surprise answer — Reilly Smith. The forward has been out of the lineup with a leg injury since Jan. 6 and while there is talk that the Golden Knights missed defenseman Nate Schmidt desperately while he missed 20 games at the start of the season with a suspension, the players feel that Smith’s offense is missed even more. “It’s been big,” defenseman Shea Theodore said. “I think he’s by far one of the most underrated players in the league. He’s a great two-way player who wins a lot of battles in the defensive zone. He’s a big guy on the penalty kill as well. When you look at that, and look behind his numbers, I think it’s been a huge loss for us.”
  • Saturday’s matchup between the San Jose Sharks and Tampa Bay Lightning was played without star defenseman Erik Karlsson, who chose to sit out with a lower-body injury. Reports suggest that Karlsson might sit out the team’s final two games on Monday and Tuesday, to rest up until after the All-Star break. However, while that loss is significant to the team, fellow defenseman Marc-Edouard Vlasic missed his eighth game and The Athletic’s Kevin Kurz (subscription required) writes that the team may not be missing Vlasic much at all. The team has outscored their opponents 24-15 with Vlasic out. That along with his minus-13 rating might suggest that the team might be better off using a more offensive-minded defenseman in his stead like Tim Heed.

Pacific Notes: Karlsson, Wagner, Miller, Puljujarvi

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The Department of Player Safety announced that San Jose Sharks defenseman Erik Karlsson will have a hearing tomorrow for an illegal check to the head on the Los Angeles Kings’ Austin Wagner during the second period of Saturday’s game. Karlsson has never been suspended in his career and was fined just once for a slash in 2012.

While there was no penalty on the ice, Wagner was forced to leave the game and never returned. While there was some contact to the head, it might be more challenging for the Department of Player Safety to determine if the hit was intentional and meant for the head. Wagner and Karlsson also had an issue earlier in the shift, which could suggest that there may have been payback involved, something the league will factor into their decisions as well.

  • As for Wagner, the 21-year-old left the game not long after the hit and a representative of the team referred to him out with an upper-body injury. The hope is that he isn’t out long, if at all. The team is already without a number of key players, including Trevor Lewis, Alec Martinez, Carl Hagelin, Jonny Brodzinski and Dion Phaneuf. However, Helene Elliott of the Los Angeles Times writes that Wagner is expected to join the team for their road trip to Las Vegas for Sunday’s game against the Golden Knights, although that doesn’t mean he will be cleared to play.
  • Speaking of the Vegas Golden Knights, David Schoen of the Las Vegas Review-Journal writes that defenseman Colin Miller remains day-to-day with an upper-body injury after missing his second straight game. He, however, has not been placed on injured reserve. However, Miller is expected to be back soon. Miller has been critical to the team’s offense since the return of Nate Schmidt. Miller has two goals and six assists since Schmidt returned from a suspension in mid-November.
  • Sportsnet’s Mark Spector writes that Edmonton Oilers winger Jesse Puljujarvi has gotten a second life with new head coach Ken Hitchcock as the struggling 20-year-old has gone from a exiled player in the AHL to a first-line winger next to Connor McDavid. However, the scribe writes one of the biggest challenges that Puljujarvi has struggled with is the language barrier, considering he knew no English when he come over to North America two years ago. “It’s more challenging for a Euro player who’s played in Europe to just come over and play in the NHL,” said Hitchcock. “What happens is, when you’re not comfortable in the lifestyle, you kind of stay to yourself. So you’re worried about how you fit in, you’re worried about the length of the season, you’re worried about a lot of things. Now, we’re starting to see his natural personality.”

Pacific Notes: Vegas’ Defense, Boeser, Kovalchuk, Luff, McLellan

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The Vegas Golden Knights have always followed a general philosophy when it comes to pairing up their defensemen. Head coach Gerard Gallant loves to pair a fast, quick-moving offensive defenseman with a bigger defensive counterpart. However, with Nate Schmidt missing the first 20 games of the season with a suspension, Gallant hasn’t had the opportunity to put together his perfect pairing, which included Schmidt matched up with Brayden McNabb, Shea Theodore with Deryk Engelland and Colin Miller paired with Nick Holden.

The Athletic’s Jesse Granger (subscription required) analyzes those new changes which has produced a 3-0 record since Gallant put those pairings together, including a 2-1 overtime win over Arizona and a pair of shutouts over Calgary and San Jose, Friday and Saturday. That’s just one goal allowed in 183 minutes. While it has been made clear that the team missed Schmidt, Vegas’ entire defense missed him as everyone had been shuffled out of alignment without the speedy blueliner. Without Schmidt, the team lacked a third offensive defenseman as the team had to pair Holden with Jonathon Merrill, which struggled throughout the first quarter of the season.

“It adjusted our defenseman because they all played different roles when Nate was out,” Gallant said. “So, everybody is in their spots now and playing pretty well and they are confident.”

  • Rick Dhailwal of Sportsnet reports that he’s heard from a source that Vancouver Canucks winger Brock Boeser is making good progress recovering from his groin injury. The 21-year-old has been out since Nov. 2. The scribe adds that Boeser is getting closer and should be back at some point next week. He has four goals and 11 points in 13 games so far this year.
  • One of the Los Angeles Kings struggles comes from the play of major off-season acquisition Ilya Kovalchuk who has failed to record a point in eight straight games, according to Curtis Zupke of the Los Angeles Times. The 35-year-old, who signed a three-year, $18.75MM contract this summer, has gone from the team’s top winger to a third-stringer and has dropped to the second unit of the power play. The team broke their 0-for-16 slump on the power play Saturday with Kovalchuk on the bench.
  • Fox Sports Jon Rosen writes that the Kings need to get more playing time to rookie Matt Luff, who has played well since being called up from the AHL. The 21-year-old has three goals in eight games after dominating in Ontario. Head coach Willie Desjardins re-teamed him with Carl Hagelin and Adrian Kempe, which found some success for the Kings. The scribe writes that Luff needs playing time and needs to start receiving power play time as well.
  • Rosen also adds that the Kings have no interest in bringing former Edmonton Oilers’ coach Todd McLellan aboard.

Pacific Notes: Quick, Raanta, Chychrun, Oilers, Miller

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The Los Angeles Kings could use some good news with their goaltending issues and they got some Sunday as NHL.com’s Kevin Weekes reports that Jonathan Quick skated today in full gear, which is the next step in his recovery after undergoing surgery on Oct. 31 to repair a torn meniscus in his right knee.

Weekes reports that Quick just worked on his crease work, but did not go down and did not take any pucks. Regardless, that has to be good news for L.A. who are without both Quick and his backup, Jack Campbell, who went down with the exact same injury. Instead, the team is going with the AHL tandem of Peter Budaj and Calvin Petersen. However, the team would much prefer to see Quick return to the lineup as new head coach Willie Desjardins continues to try to turn around the Kings after a poor start.

Fox Sports’ Jon Rosen adds that Quick could take on a heavier load in practice on either Wednesday or Friday.

  • Cat Silverman of The Athletic reports that the Arizona Coyotes had two injured players return to practice Sunday as goaltender Antti Raanta and defenseman Jakob Chychrun both practiced. Raanta’s practice was a short one, but he did participate in full drills while he was there. He was placed on injured reserve on Nov. 7 with an undisclosed injury. Chychrun recently returned to the team after recovering from offseason surgery and then immediately was placed on injured reserve after one game with an upper-body injury. He was a full participant in practice today and with full contact. Both are considered likely to play Wednesday against Vegas.
  • Edmonton Journal’s Jim Matheson writes that it’s unlikely the Edmonton Oilers will get involved in the William Nylander sweepstakes with the Toronto Maple Leafs as the team would likely have to send back defenseman Adam Larsson, which the Oilers would not be willing to do. Instead Matheson believes the Oilers’ best course of action would be to wait for the trade deadline and make a play for the New York Rangers Mats Zuccarello, who will be a unrestricted free agent next year, but could be a good fit in Edmonton.
  • The return of Nate Schmidt to the Vegas Golden Knights Sunday is good news for defenseman Colin Miller, who has been forced to take over Schmidt’s role as a No. 1 defenseman, always in charge of facing opposing team’s top line. That has been a challenge for Miller, who is better off as a second-pair defenseman, according to SinBin’s Steve Carp. That role has altered the way Miller thinks as he has had to focus on defense first and put offense on the back burner. Miller, who had 10 goals and 41 points last season, currently has no goals and six assists in 20 games. However, with Schmidt taking his previous role starting tonight and expected to be paired with Shea Theodore, Miller can return to his old role, which could result in an offensive boost for Vegas.

Pacific Notes: Pavelski, Schmidt, Carlyle, Juolevi

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Joe Pavelski has seen a number of teammates play through their expiring contracts and not let it affect them. Joe Thornton has done it twice in the last two seasons, while Patrick Marleau did it recently as well, although he opted to find a new home.

Now the San Jose Sharks’ center is in the exact same situation, explains Kevin Kurz of The Athletic (subscription required). The 34-year-old Pavelski is in the final year of a five-year, $30MM contract and so far, there have been no talks of an extension with the long-time Sharks’ veteran. Just like Thornton and Marleau at the time, the lack of a deal isn’t affecting Pavelski’s play as he’s put up 11 goals so far this season, which is already half way to the 22 goals he scored last year.

“(Thornton and Marleau) handled it different times throughout their careers, and they’ve handled it well,’ Pavelski said earlier this week. “Obviously, you probably understand some of the things that they’ve gone through in the past a little bit better. But they’ve never taken away from the group. It’s never been a distraction. You just respect them as people for how they want to contribute to the group.”

  • The Vegas Golden Knights should get a defensive boost Sunday night when No. 1 defenseman Nate Schmidt returns to the team after sitting out with a 20-game suspension. However, Adam Hill of The Las Vegas Review-Journal writes that the return of Schmidt won’t be some magic elixir, however, for a struggling Vegas team that sits at 8-11-1 this season. However, Schmidt should help the team out in two key areas, offense and defense. “He’s one of our best players so he’s going to make a difference all over the ice — I hope,” head coach Gerard Gallant said. “Always a solid guy, moves the puck, skates well. You know what kind of player he is and he’s a big part of our group, so hopefully he’s going to make a big difference.”
  • With an 8-9-4 record, many people wouldn’t be surprised if the Anaheim Ducks chose to make a coaching change and move on from head coach Randy Carlyle. However, while that thought is apparent in the Ducks’ locker room, Carlyle isn’t worrying about his job. “We’re at the 20-game mark and we said that you do an evaluation of where you’re at with our group. We’ve been inconsistent and nobody’s going to be here waving the banners but we have some positives within that group too,” Carlyle said. “We have some players that have never played before now (and) have some NHL games and NHL experience. We’re not that far away from the pack. We’re still hanging around. The key is now is to stay with the pack until we can get our group playing at a higher level and having some personnel back that we can grow our group as a team. We haven’t created an identity for our hockey club yet, and that’s been the most frustrating part for us.”
  • Mike Halford of The Athletic (subscription required) looks at the play of defenseman Olli Juolevi, who has been putting up quite a few points in his first season with the Utica Comets of the AHL, and wonders when the Canucks may be ready to bring the prospect up to the NHL squad. So far, Juolevi has 13 points in 16 games and the Canucks, who lack any offensive weapons on defense, could really use one for a team that has fared quite well so far this season with a 10-9-2 record so far. However, defense is also an issue as the 20-year-old sports a minus-11. Utica assistant coach Gary Agnew admits that he needs time to develop his game still. “Certainly he’s not fully responsible for all those minuses, Agnew said. “But when there’s a little bit of a trend, there’s a trend. Obviously it’s a part of the game that we’re working hard with him at, and he’s very receptive to coaching. He’s eager to learn and he wants to be better. He’s doing all the things that you hope a high prospect does, in terms of his coachability.”

Western Notes: Kase, Sikura, Schmidt, Gurianov

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Good news for the Anaheim Ducks as the team learned today that barring a setback, forward Ondrej Kase is expected to make his debut on Monday, according to Eric Stephens of The Athletic. Kase has been reportedly skating on a line with teammates Ryan Kesler and Nick Ritchie.

Many people felt that Kase might take his game to a new level this year after posting a 20-goal season a year ago. The 23-year-old, however, suffered a concussion during the team’s final preseason game and has been out since then. The former seventh-round pick has done a nice job working his way through the Ducks’ system and earning a full-time role with the team. He was rewarded over the summer with a three-year, $7.8MM ($2.6MM AAV) bridge deal. Hopefully, he can step in right away and help out a struggling team that has gone 2-7-2 in their last 11 games.

  • NBC Sports’ Charlie Roumeliotis suggests that new Chicago Blackhawks head coach Jeremy Colliton will be keeping a close eye on his former team, the Rockford Ice Hogs as its very likely he will want to continue the team’s youth movement by bringing up several of their top players from there at some point during the season. At the top of the list would likely be winger Dylan Sikura, who is faring well there in his rookie campaign after four years at Northeastern University. Sikura has five goals and 12 points in 15 AHL games. “First of all, I care about the team, I care about the players, I care about the people who are down there,” said Colliton. “So it’s only natural for me to keep my fingers on the pulse. But we want to build as much depth as we can within this group and that includes the guys in Rockford. Because there are going to be injuries, and we want competition, that it’s not a given you’re going to play or not a given you’re going to have a certain role and that’s healthy for everyone and it’s going to push everyone to be better.”
  • The Vegas Golden Knights should get a boost in one week when suspended defenseman Nate Schmidt becomes eligible to return. The speedy defenseman has been missed by his team as they struggle through the early part of the schedule. SinBin Vegas’ Steve Carp writes that Schmidt should immediately return to the role as the team’s leader in minutes played and shutdown defender as well inject both special teams’ units with his talents. However, the team doesn’t have the luxury of easing him in as other teams might considering the team’s inability to string together wins.
  • Despite scoring his first NHL goal of his career, Dallas Stars prospect Denis Gurianov was returned back to the AHL Sunday and while the 21-year-old impressed, The Athletic’s Sean Shapiro reports that the team made the move for cap reasons. Regardless, the team believes that while Gurianov has come a long way since last season when he was scratched during multiple games in the AHL playoffs, he still hasn’t done enough to force his way into a permanent role with Dallas.

Snapshots: Bouchard, Raanta, Schmidt

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The London Knights have announced their new leadership group for the 2018-19 season now that several key players have returned, and Edmonton Oilers defenseman Evan Bouchard has been given the captaincy once again. Bouchard played seven games for the Oilers before being sent back to junior for the rest of the year, and should immediately step into his role playing nearly 30 minutes a night for London. One of the most effective players in the OHL, Bouchard will also likely be a key member of the Canadian World Junior squad in the coming months.

Joining him with letters for the Knights are several other well known prospects, including Alex Formenton of the Ottawa Senators and Liam Foudy of the Columbus Blue Jackets. Formenton played nine games for the Senators this season and scored his first NHL goal, while Foudy was the 18th-overall pick in June after dominating the NHL Draft Combine. William Lochead and Cole Tymkin, both undrafted, will round out the group of alternates for the Knights this season.

  • Antti Raanta will be out at least a few days with a lower-body injury for the Arizona Coyotes, meaning they were forced to recall Hunter Miska under emergency conditions. Craig Morgan of The Athletic adds that Raanta has subsequently been placed on IR and will be out until November 13th at the earliest.  Miska will serve as the backup to Darcy Kuemper for tomorrow’s game in Philadelphia, but perhaps he will be forced into action before too long given the team has a back-to-back against Pittsburgh and Washington that are scheduled fewer than 24 hours apart.
  • Though the Vegas Golden Knights will be without Erik Haula for at least a few games—and perhaps many more given the optics of last night’s injury—they welcomed back another familiar face to practice today. Nate Schmidt was back on the ice with the team, and can now take full part of practice as he waits out the last ten days of his PED suspension. November 18th is the first game action Schmidt is eligible for, when the Golden Knights head to Edmonton to take on Connor McDavid and the Oilers.

Atlantic Notes: Gardiner, Kotkaniemi, Abdelkader, Rask

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Even though the Toronto Maple Leafs have their hands full with the contract negotiations with William Nylander and the future negotiations with Auston Matthews and Mitch Marner, The Athletic’s Pierre LeBrun (subscription required) writes that the team also will likely have issues with defenseman Jake Gardiner.

The scribe writes that while Gardiner has expressed his desire to remain with Toronto long-term and general manager Kyle Dubas has met up with Gardiners’ representative, Pat Brisson, it’s likely that Gardiner will have to wait until the contracts of Nylander, Matthews and Marner are finalized, which could edge him out if those players don’t take hometown discounts. Regardless, after Nate Schmidt signed for $5.95MM AAV a few days ago, Gardiner could get quite a bit more on the open market especially with so few quality blueliners available on the free agent market next season. He might be able to command $7MM per year. However, he will likely have to take less than $6MM if he wants to remain in Toronto.

  • Pat Hickey of the Montreal Gazette writes that today’s game against the Boston Bruins will be the 10th game for rookie Jesperi Kotkaniemi, signifiying that the team intends to burn the first year of the 18-year-old’s entry-level contract. While a few weeks ago, a move like this might have been in doubt, Kotkaniemi has shown considerable improvement over the past couple of weeks, making this move automatic for the team. He is averaging 14:04 ATOI and has four assists through his first nine games. Head coach Claude Julien compared him to Boston’s David Pastrnak at the same age. “They’re both guys who had to fill out and get stronger, but you can see the kill level,” said Julien. “With both players, you have to protect them a bit and that’s what I’ve done with K-K. It’s a little tougher when you’re on the road and you don’t get the last line change but he’s been in tough situations and he’s handled them well.”
  • Helene St. James of the Detroit Free-Press writes that one of the biggest problems to the Detroit Red Wings dismal performance through the first 10 games of the season has been the play of some of the veterans, especially the performance of Justin Abdelkader, who not only is quite offensively with one assist in 10 games, but is also struggling playing his physical brand of hockey. “You want to physically be engaged every game,” Abdelkader said. “You look for hits, and they’re definitely harder to come by in this game now. But that’s a part of my game. I’ve felt really good — had a really good summer, good training camp.”
  • In a mailbag series, NBC Sports Joe Haggerty questions whether Boston Bruins goaltender Tuukka Rask is really a No. 1 goalie, pointing out that he struggles when he is used regularly, which forced the Bruins to sign Jaroslav Halak to a $2.75MM contract. A true No. 1 goaltender wouldn’t require a team to pay that much for a backup and play 30 games for him. Add to that that Rask is known to be a slow starter and really struggles when the defense in front of him isn’t at their best, Haggerty doesn’t believe that the team currently can look at him as a top-rated goalie.

Nate Schmidt Signs Six-Year Extension With Vegas Golden Knights

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Now we know why Nate Schmidt had returned early from Europe. The Vegas Golden Knights announced late last night that Schmidt has signed a six-year extension with the team, a deal which carries an average annual value of $5.95MM through the 2024-25 season. Schmidt was scheduled to become an unrestricted free agent in the summer, but has spoken about his love for the Golden Knights in the past. The deal also includes a 10-team no-trade clause, and is front loaded:

  • 2019-20: $6.8MM salary + $2.0MM signing bonus
  • 2020-21: $6.1MM salary
  • 2021-22: $6.0MM salary
  • 2022-23: $5.0MM salary
  • 2023-24: $4.95MM salary
  • 2024-25: $4.85MM salary

Schmidt, 27, is still dealing with a 20-game suspension for a positive banned substance test in the offseason, and will not be eligible to return to game action for the Golden Knights until November 18th against the Edmonton Oilers. Though the defenseman vehemently denies taking any sort of performance enhancing drug, he’s serving his suspension and had been practicing in Austria with a professional team. Staying game-ready is important at this point, as the Golden Knights will likely put a ton on Schmidt’s plate as soon as he’s eligible to return.

After being picked from the Washington Capitals in the expansion draft, Schmidt immediately saw a huge increase in responsibility and turned in a career-best performance in 2017-18. Logging more than 22 minutes a night in the regular season, the smooth-skating defenseman recorded 36 points in 76 games and then was pushed even further in the playoffs to help Vegas climb all the way to the Stanley Cup Finals. One of the most important players on the team, his absence has been felt in the early going of this season.

The Golden Knights are off to a shaky start in 2018-19, posting a 4-4-1 record through their first nine games including a loss last night to the Vancouver Canucks in overtime. For the team that shocked the hockey world on a nightly basis a year ago, things haven’t gone quite as smoothly in their sophomore effort. Getting Schmidt back will certainly help that, and locking him up going forward allows them to build around him in the coming years.

Those years though don’t come without substantial risk. While Schmidt has been good for the team so far, he still does have just 276 NHL games under his belt and will turn 28 before the extension kicks in. An undrafted free agent from the University of Minnesota, he’ll need to provide even more offense for the Golden Knights to really warrant a deal of this magnitude. Schmidt would have been highly sought after on the unrestricted market, but the direct comparables to this deal don’t paint a very pretty picture. Jeff Petry, Andrew MacDonald, Marc Staal, Jonathan Ericsson and Andrej Sekera are the five closest contracts according to CapFriendly, a group that inspires very little confidence at this point. Still, the Golden Knights believe they have a player who can be a key contributor for them as they attempt to get back to the Stanley Cup right away.

The attempt to compete right away was likely caused by the unprecedented success Vegas experienced last season as an expansion team, but also could be misguided at this point in team history. While last season was an outstanding performance from all involved, signing contracts like this has quickly taken away any long-term advantage the Golden Knights had with their empty balance sheet. The team at one point had oodles of cap space available to use as leverage in trade talks, taking on bad contracts in order to beef up their prospect cupboards, but have used up almost all of it on their key contributors from last season and a few new faces.

Jon Marchessault, Alex Tuch, Max Pacioretty, Paul Stastny, Shea Theodore, Colin Miller, Brayden McNabb, Marc-Andre Fleury and now Schmidt have all signed contracts or extensions of at least three years in length, and now make up the do-or-die core of the team. That group of nine players will be owed nearly $48MM next season and beyond, while the team also has a long-term commitment still with Reilly Smith and will likely sign one with William Karlsson before long. There’s obviously nothing wrong with building around a group like that, but the Golden Knights no longer have that unprecedented advantage of having an empty salary structure.

Still, that’s obviously a decision they’re willing to make to sign players like Schmidt long-term. The team has built a strong fan base in Vegas and around the league, and have ensured that they’ll be at least competitive with this group for years to come. Whether it’s good enough to really contend for the Stanley Cup down the line is yet to be seen, but it’ll at least be a fun ride while we find out.

Pierre LeBrun of The Athletic reported the contract breakdown.

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