Oliver Ekman-Larsson Officially Signs Eight-Year Extension
Though it had been confirmed for some time, the Arizona Coyotes couldn’t officially sign Oliver Ekman-Larsson to an extension until today. Now that they can, they quickly announced the eight-year extension for their star defenseman. The team did not release the financial details, but several reports have it totaling $66MM. The salary will be paid as follows:
- 2019-20: $8MM
- 2020-21: $8MM
- 2021-22: $10.5MM
- 2022-23: $10.5MM
- 2023-24: $10.5MM
- 2024-25: $8MM
- 2025-26: $5.25MM
- 2026-27: $5.25MM
After spending a full season listening to trade rumors about Ekman-Larsson as the team wasn’t sure it could sign their superstar defenseman, Arizona managed to lock him up. Part of the reason was the team’s second-half success as the team started winning in the second-half. That sign the team is heading in the right direction was a key reason Ekman-Larsson wanted to return. That doesn’t include all the changes that general manager John Chayka has made, ranging from bringing in veterans like Derek Stepan, Alex Galchenyuk, Michael Grabner and Antti Raanta, not to mention the influx of youth to the team like Clayton Keller, Dylan Strome, Christian Dvorak, Jakob Chychrun, Brendan Perlini. and 2018 first-rounder Barrett Hayton.
The team also brought in veteran countryman Niklas Hjalmarsson in a offseason trade last year, who has mentored the young 26-year-old. Now even Hjalmarsson has re-signed with Arizona for another two years, keeping the two together even longer.
Ryan McDonagh Signs Seven-Year Extension With Tampa Bay Lightning
The Tampa Bay Lightning have done it again, extending one of their players for a reasonable cap hit. This time it is Ryan McDonagh, who has signed a seven-year extension that carries an average annual value of $6.75MM. The deal will kick in for the 2019-20 season, after the final year of his current contract.
The move allows Tampa Bay to keep their new defensive core. The team acquired McDonagh in a giant trade from the New York Rangers right at the trade deadline this year. The Rangers traded McDonagh, a dominant top-four shutdown defenseman along with J.T. Miller (who already signed an extension) for Vladislav Namestnikov, prospects Brett Howden and Libor Hajek, a 2018 first-round pick and a conditional second-round pick in 2019. While he was coming off an injury when he was traded, he came exactly as advertised, leading the defense’s second unit, while Victor Hedman manned the first.
The seven-year deal should run until McDonagh reaches 36 years of age. However, to get the veteraen defenseman at $6.75MM is a reasonable cost and much lower than some of the other defenseman who have recently signed such as Drew Doughty and Oliver Ekman-Larsson. McDonagh, who is solid two-way defenseman, didn’t post his best offensive numbers between both teams as he combined for four goals and 29 points, but a healthy full season in Tampa Bay should get him back to his regular numbers.
Tampa Bay still has to lock up superstar Nikita Kucherov, who is in the final year of his contract, although he will only become a restricted free agent next season if he gets there, although the general belief is that the Lightning fully expect to sign him to an extension in the next few months.
Arizona’s Moves Continue To Improve Coyotes Team
With the recent acquisition of Alex Galchenyuk, the Arizona Coyotes are well on their way to taking another step towards building a winning team in the desert. If you add the players Arizona acquired last year at this time, a full year under the belt of coach Rick Tocchet and the continued development of their young players, the team seems to be heading in the right direction and the team is starting to get excited.
Throw in franchise defenseman Oliver Ekman-Larsson as someone who sees the changes. Many thought Ekman-Larsson might spurn the struggling franchise, yet he agreed to sign an eight-year, $66MM extension last week. Just last year, the team went out and traded their first-round pick (seventh overall) to the New York Rangers and picked up two key pieces to their team in center Derek Stepan and goaltender Antti Raanta. Stepan has continued his solid play, while Raanta put up a solid second half of the season after an injury-plagued first half, putting up a 2.24 GAA and a .930 save percentage in 47 games. He has also been rewarded with a three-year, $12.75MM extension, which kicks in this year. Chayka also went out and traded for veteran defensemen Niklas Hjalmarsson and Jason Demers in separate deals last year.
While many people felt that after a flurry of moves a year ago, the Coyotes would make a huge jump in the standings, that didn’t happen, especially after starting the season with an 11-game losing streak. However, their second half showed more of that improvement as the team had a stretch towards the end of the season in which it went 17-8-3.
Regardless, there seems to be a lot going right for the Coyotes right now, according to NBC Sports’ James O’Brien. The scribe points out some key facts, including the initial reaction to the Galchenyuk deal has been positive. While it’s too early to tell, Galchenyuk’s chances of becoming a solid player is quite a bit higher than Max Domi, who the Coyotes sent back to Montreal. Assuming that Galchenyuk can make the conversion to center, that would relieve some stress from the team’s lack of depth at that position. Now if the team wants to move Dylan Strome or Christian Dvorak to the wing position, there won’t be extra pressure to keep him at center due to their lack of depth.
One other key factor is the team still has an enormous amount of young players who could be ready to take that next step. Clayton Keller scored 23 goals in his rookie year and could improve on that exponentially. Other players like Dvorak, Jakob Chychrun, Strome, Brendan Perlini and Christian Fischer could also take that next step. And don’t forget the sixth pick in next week’s draft.
The team also still has plenty of cap space available with more than $18MM in space waiting for them to use. They could dip into the free agency market or continuing to add players through trade. However, with the way Chayka is constantly tweaking this team, there are likely more changes to come.
Arizona Coyotes Agree To Terms With Oliver Ekman-Larsson
After letting him sit with the offer for a while, the Arizona Coyotes have finally agreed to terms with superstar defenseman Oliver Ekman-Larsson. According to Darren Dreger of TSN, the contract is for eight years with an annual average value of more than $8MM. Previously it had been reported that the deal would be for $66MM, an average of $8.25MM, and Dreger later confirmed that these numbers are correct. He also believes that the defenseman will be given the Coyotes captaincy, something that many believed would happen last season. The contract can’t be officially announced until July 1st, when Ekman-Larsson has just a single year remaining on his current deal.
The face of the Arizona franchise is one of several star defensemen scheduled for unrestricted free agency in the summer of 2019, but has always maintained that he would like to stay in the desert. Since being selected sixth overall in 2009, Ekman-Larsson has grown into an elite offensive force with five straight double-digit goal seasons including two in which he broke 20. He’s also better defensively than some give him credit for—thanks largely to his terrible plus/minus ratings the last few years—and is able to log big minutes in all situations.
Still just 26-years old, Ekman-Larsson isn’t necessarily even signing the final contract of his career. That’s part of the reason why he’d been held up in the same conversation with Drew Doughty and Erik Karlsson, who will both hit free agency at an older age next summer. An eight-year extension takes Ekman-Larsson through his age-35 season though, which still presents plenty of risk. The Coyotes aren’t as flush with cash as some other organizations, meaning they can’t afford paying a player this much if he’s not producing for them. Even getting him under contract will put them in a tight spot financially, especially as players like Clayton Keller and Jakob Chychrun get new contracts in the coming years.
The Coyotes made it clear to Ekman-Larsson that they wanted him to stay when they went out last offseason and tried to make the team better right away. Acquiring Derek Stepan and Antti Raanta from New York, and bringing in his Swedish defense partner in Niklas Hjalmarsson from Chicago. Though Arizona struggled through a historically-bad start, the second half of the season did show some promise as Keller showed his future stardom and a healthy Raanta became the goaltender they expected him to be. Now with Raanta locked up and more young players ready to make an impact, the Coyotes aren’t as far away from playoff contention as some may believe.
What was once termed a “Superclass” for 2019 is slowly dwindling, and on July 1st we’ll really find out what is going to be available. Doughty has been rumored to be in talks on a potential extension of his own, and the Nashville Predators and Dallas Stars will be desperately trying to lock up Ryan Ellis and Tyler Seguin. Ekman-Larsson’s new contract will also cause a ripple in the summer trade market, as some believed he would be available if the team hadn’t been able to get a deal done. John Carlson should also be pointing to this contract as a comparable after his outstanding season, and trying to secure at least $8MM for himself this summer.
Snapshots: Ekman-Larsson, Futa, Islanders, Blues
Contract talks are going well between the Coyotes and defenseman Oliver Ekman-Larsson. Sportsnet’s Elliotte Friedman reports (Twitter link) that teams inquiring about his availability in a trade are being told that he is not available while Arizona Sports’ Craig Morgan adds that an extension is close. Arizona had reportedly offered an eight-year, $66MM earlier this offseason and it appears that the new contract will come in at or around that amount. The belief was that if they couldn’t come to terms on an extension, the team would then turn around and try to move him this offseason, something that appears to be off the table now. However, nothing can be finalized until July 1st as players cannot sign contract extensions until they are officially in the final year of their existing deal.
More from around the NHL:
- The Kings have signed Assistant GM Mike Futa to a contract extension, reports Sportsnet’s Elliotte Friedman. Curtis Zupke of the LA Times adds (Twitter link) that it’s a multi-year deal. Futa has been with Los Angeles since 2007, holding down a variety of positions including Director of Player Personnel, Amateur Scouting Director, and VP of Hockey Operations. He has been interviewed for several GM spots around the league in recent years including Carolina’s vacancy earlier this year (that was later filled by Don Waddell).
- The Islanders intend to have their new head coach in place by the middle of next week, reports Chris Botta of Sportsnet New York. They are the only team without a bench boss and it makes sense that they would want to get someone in place before the free agent interview period opens up following the draft. Botta adds that Scott Stevens, who resigned from his role as an assistant coach with Minnesota last month, is in the mix for a spot on the coaching staff.
- While prospect and development camps won’t occur until after the draft, Jim Thomas of the St. Louis Post-Dispatch provides a list of who will be attending camp with the Blues near the end of June. Among the notable invites are top prospects Robert Thomas and Jordan Kyrou while three non-drafted players will also get a look – wingers Ty Amonte (Boston University) and Jared Thomas (Minnesota-Duluth), plus center Austin Rueschhoff (Western Michigan).
Poll: Superstar Defensemen On The Move
Much has been made recently about the futures of five All-Star defenseman who are slated for free agency in 2019. Drew Doughty is working toward an extension with the Los Angeles Kings. Oliver Ekman-Larsson is sitting on an offer from the Arizona Coyotes. The Nashville Predators have made re-signing Ryan Ellis their priority this off-season. Ryan McDonagh was unable to bring home a Stanley Cup for the favorite Tampa Bay Lightning after a deadline blockbuster. And all of this has somehow overshadowed the potential availability of the Ottawa Senators’ Erik Karlsson.
All five of these superstar defenders could sign extensions on July 1st. Of course, they could all be dealt away even sooner. Doughty seems closest on a deal, but has strict salary demands that could end up souring one side or the other. Ekman-Larsson has always seemed loyal to the Coyotes, but is understandably concerned about the future of the team given their struggles throughout his career. Ellis too has been a loyal soldier for the Predators and an extremely underpaid one at that. He could make far more and play a far greater role elsewhere. McDonagh was acquired for the Bolts to make a title run this year and next, but beyond that point the team may not be able to afford him. Finally, Karlsson is the ultimate prize. He has expressed a desire to get fair market value on his next deal and polarizing Ottawa owner Eugene Melnyk seems unlikely to match.
So, as the off-season gets underway and these five know that their futures will be determined in the next twelve months, the question is how many re-sign and how many move on, either via trade or free agency? Which of these stars will don the same jersey in 2019-20 as they did in 2017-18?
Karlsson, Doughty, OEL, Ellis, McDonagh: How Many Re-Sign With Their Current Team?
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3 40% (365)
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2 26% (238)
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4 16% (147)
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All 9% (86)
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1 5% (48)
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None 2% (22)
Total votes: 906
Latest On Oliver Ekman-Larsson’s Future In Arizona
Recently we learned that Oliver Ekman-Larsson, who is set to become an unrestricted free agent in the summer of 2019, has been given an eight-year, $66MM ($8.25MM AAV) contract extension offer by the Arizona Coyotes. The team is waiting for a decision from their superstar defenseman, though nothing can officially be signed until July 1st when Ekman-Larsson is less than a year away from free agency. Nothing stops the team and player from agreeing to terms before that date, and as hockey insider Bob McKenzie opines in his latest Bobcast for TSN, they could also potentially move to a different course of action depending on the answer.
The general sense from within the organization is they’re optimistic [he’ll re-sign]. They believe that Ekman-Larsson is more likely than not to want to stay for the next eight years in Arizona, and take the 8x$8.25MM deal. I’m not saying he’s not, only that I don’t think he’s made that final decision yet. Last I heard he was in France on a vacation—and I’m not sure if there’s a specific timeline here—but I would have to think in the next week or two, the Arizona Coyotes want to know from Ekman-Larsson and his representatives ‘is he prepared to commit to that long-term deal?’ Because if he’s not, then there’s no doubt in my mind that Arizona will try to trade him.
The fact that Ekman-Larsson hasn’t made a final decision yet isn’t surprising, as he only recently finished playing at the IIHF World Championship and has plenty of time to weigh all of his options. The interesting part though is that McKenzie believes that the Coyotes would try to trade him, presumably this summer, if they can’t get a deal. In fact, McKenzie goes on to say that he believes the team hasn’t ruled something like that out at this point:
I believe that Arizona has kept its options open in that regard. I don’t think that they’re being real proactive, picking up the phone and calling teams and saying ‘Hey do you want to trade for Ekman-Larsson?’ but I think they’re well aware of which teams are interested in Ekman-Larsson, and that there is ongoing dialogue that if a trade were to become necessary, how they would go about it. Their priority, no doubt about it, is to get Ekman-Larsson signed to that eight-year extension.
Obviously none of this is a concrete report that Ekman-Larsson will be traded, or that he will re-sign with the Coyotes in the coming weeks. He may not make a decision for months and the team could be fine waiting until part way through the season before making a final decision on his future. But the idea that Arizona would strongly consider a trade should he turn down the offer—which McKenzie believes is as high as the team is willing to go salary-wise—does add another intriguing name to the market this summer. A player like Ekman-Larsson could generate the most interest out of anyone not named John Tavares, and really change the market for a player like John Carlson who currently looks like the best puck-moving option available. Ekman-Larsson would come with just one year left on his contract, but could potentially sign an extension with any acquiring team right away.
Still, the 26-year old defenseman has never given any indication that he is frustrated with Arizona, despite the speculation that has surrounded him while the team struggles on the ice. After a relatively successful second half of the 2017-18 season, perhaps he believes the franchise is headed in the right direction with young players like Clayton Keller and Jakob Chychrun at the wheel. The team has gone out of their way to provide a support system for Ekman-Larsson has he dealt with a tough personal year, and it has never seemed like the relationship between organization and star has waned.
As we approach the NHL Entry Draft in less than three weeks, more player movement will surely arise and teams will start organizing their depth charts for the 2018-19 season. If the ball is truly in Ekman-Larsson’s court, he could drastically change the market on the draft floor by making a decision by then. Even if he takes the contract, strategies for the Coyotes and other teams could be altered, if only as another 2019 “Superclass” member drops off the table.
Photo courtesy of USA Today Sports Images
Snapshots: Ekman-Larsson, Boston University, Gurianov, Lockwood
With the news that the Arizona Coyotes have offered defenseman Oliver Ekman-Larsson a new contract extension at eight years and $66MM, the real question is whether or not the 26-year-old star defenseman intends to stay in Arizona. The defenseman can’t officially sign an extension until July 1, but not signing the deal will make it clear whether he really wants to stay in Arizona like he has previously said.
The New York Post’s Larry Brooks writes that if the defenseman doesn’t agree to sign the extension in the next couple of weeks, the team will almost guaranteed trade their star before the NHL draft this year to get the best possible return in the final year of his deal. In fact with the likelihood that the Ottawa Senators might be ready to move Erik Karlsson, this might be the best time for teams to get their hands on a star defenseman. Brooks adds that was one of the main reasons that the New York Rangers moved Ryan McDonagh at the trade deadline, because they foresaw the possibility that both Ekman-Larsson and Karlsson might be available during the offseason which would have limited their return for McDonagh had they waited until now.
- Kevin Paul Dupont of the Boston Globe writes that Boston University has narrowed its head coaching search to two candidates after the school lost David Quinn to the New York Rangers last week. The scribe writes that the head coaching post will come down to former alumni and ex-Boston Bruins winger Shawn McEachern and Union College head coach Rick Bennett. McEachern, who is currently the head coach at the Rivers School, would maintain the school’s long-time BU lineage, while Bennett would offer new blood and a coach who has already won a NCAA title.
- With the Dallas Stars’ AHL affiliate, the Texas Stars in the AHL Calder Cup Championships, much has been made about the Stars’ Denis Gurianov, Dallas’ first-round pick in the 2015 draft (12th overall), who was listed as a healthy scratch before Game 1 today. Despite tallying 19 goals for Texas this season, the fact that he has been a healthy scratch multiple times during the playoffs is an immensely bad sign, according to NHL.com’s Patrick Williams. In 14 playoff games this year, Gurianov has just five points. The Stars drafted Gurianov over several impactful players that year, including Mathew Barzal, Kyle Connor and Jack Roslovic.
- Vancouver Canucks and University of Michigan prospect Will Lockwood, who injured his shoulder while at the World Juniors this winter and required major surgery, has been cleared to skate and hopes to be ready for the Canucks’ annual prospect development camp this summer and is expected to be fully healthy for his junior year with the Wolverines, according to The Athletic’s Mike Halford (subscription required). The 2016 third-round pick was having a solid year with Michigan, putting up four goals and seven assists in 16 games before getting injured.
Oliver Ekman-Larsson Sitting On Substantial Contract Extension Offer
Oliver Ekman-Larsson continues to be the biggest offseason question in Arizona, as the team approaches July 1st when he can be extended. Though we’d previously heard that the two sides were working on an eight-year deal, Bob McKenzie of TSN puts a dollar figure on the contract and updates where the negotiations stand. In the recent edition of Insider Trading, McKenzie explains:
Right now the ball seems to be squarely in Oliver Ekman-Larsson’s court. He is sitting on an offer from the Arizona Coyotes that is believed to be an eight-year contract extension at an average annual value of $8.25MM. If he wants to sign long-term and make a commitment to the Coyotes, that’s the deal that’s on the table. If he doesn’t want to do that, then the Coyotes would of course look at their options in terms of maybe going down the trade route. There doesn’t seem to be any sense of timetable on this but obviously sooner rather than later both sides would like to know where this thing’s at.
Ekman-Larsson can’t officially sign an extension until July 1st, but it sounds like the decision hasn’t even been made over whether he’ll accept the deal. His current contract, a six-year $33MM deal signed in spring of 2013, expires next summer when he’s scheduled to be part of an elite free agent class. Alongside potential free agents like Erik Karlsson, Drew Doughty, Ryan Ellis and Ryan McDonagh, Ekman-Larsson could be another top-pairing defenseman on the market for the highest bidder.
Despite the opportunity he could find himself in next summer, Ekman-Larsson has always maintained that he’d rather stay in Arizona if given the opportunity. That opportunity is certainly there if the contract McKenzie and others have reported is still on the table, though there may be some who believe he could get even more should he wait out his full deal. Doughty and Karlsson are both expected to eclipse P.K. Subban‘s $9MM cap hit on their next contracts, and if Ekman-Larsson was on the open market he might have a chance at doing the same. The Swedish defenseman is the youngest of the three and will see his current deal expire while he’s still just 27.
Eastern Notes: Callahan, Burke, Mascherin
After undergoing two hip surgeries a year ago, veteran forward Ryan Callahan has been a key player for the Tampa Bay Lightning this season. While his defensive skills and penalty killing have been critical for the Lightning, he also contributed a goal and an assist Saturday in Game 5 of the Eastern Conference Finals. What’s amazing, writes The Athletic’s Joe Smith (subscription required), is that Callahan admits that he thought he would need season-ending surgery back in December when he suffered a serious shoulder injury.
The 33-year-old collided with Arizona’s Oliver Ekman-Larsson in a Dec. 14 against the Arizona Coyotes in which the two players got tangled and Callahan’s shoulder vaulted into the boards. He lost three weeks of his season, rehabbing the injury, but returned in early January. Despite re-injuring the shoulder in March, he has not let up and continues to throw his body around for the Lightning in the playoffs.
“There’s no question the last three years have been tough for me,” Callahan said. “I think, for me, I appreciate this even more, especially being in the league for 12 years now too. You realize you don’t get this chance and this opportunity very often. I appreciate it and I realize how hard it is to win. And I’m trying to take advantage of it.”
- Stu Cowan of the Montreal Gazette writes that Montreal Canadiens scout Sean Burke, who served as co-general manager with Martin Brodeur, for Team Canada at the IIHF World Championships this week, has no idea what his next step will be. Burke, who has served as a scout for Canadiens’ head coach Marc Bergevin, said he might like to return as a scout, but will wait to see if he gets a better offer. “(Marc) Bergevin has been great with me in allowing me to do both roles and gain experience here as well. So we’ll see what’s down the road, but like everybody in this business you’re looking to get better and I’ve been fortunate to work with great people,” Burke said.
- In his most recent podcast, TSN’s Bob McKenzie talks about Florida Panthers prospect Adam Mascherin, who says he will not sign with the team and has indicated he wants to re-enter the 2018 draft. The Panthers’ 2016 second-round pick claims to have been treated poorly by the Panthers and claims to not have been offered an entry-level deal. McKenzie says the Panthers have offered him an entry-level deal, a lucrative one that compares to that of the one that the Chicago Blackhawks’ Alex DeBrincat signed. He chose not to sign, because he “wasn’t feeling the love.” McKenzie adds that Mascherin is playing a dangerous game if he re-enters the draft as most players who re-enter get drafted lower and get lesser contracts.