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Free Agent Focus: Florida Panthers

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Free agency is now just a few days away and there are quite a few prominent players set to hit the open market while many teams have key restricted free agents to re-sign. The Florida Panthers have quite a few restricted free agents to acquire although no young players worthy of significant deals, while the team has few important unrestricted free agents to worry about, which gives the franchise the opportunity to focus completely on the free-agent market that opens on Monday.

Key Restricted Free Agent: D MacKenzie Weegar – The Florida Panthers have brought the 25-year-old blueliner slowly and he’s starting to provide some value as bottom-tier defenseman. Weegar almost doubled his offensive output, putting up four goals and 15 points last season, while seeing his ATOI increase by more than two minutes to 16:58. Injuries kept him out of 18 games, but Weegar is slowly developing into a reliable player the team needs as defense remains one of the team’s biggest weakpoints. His minus-three rating isn’t too bad, but could be improved upon.

F Denis Malgin – The team has gotten some output out of the 22-year-old Malgin, but the forward has failed to play more than 51 games in any of his three seasons so far with the Panthers as he has dealt with numerous injuries. Regardless, Malgin has showed some potential to put up some points, although he is never likely to be more than a third-line option at best for the Panthers. He tallied seven goals and 16 points, a little less than the 11 goals and 22 points he put up in 2017-18. While he’s shown to be a serviceable depth option for Florida, he likely will never be a 20-goal scorer.

G – Sam Montembeault – With a need for a starting goaltender and the fact that Florida traded James Reimer earlier this morning, the team doesn’t even have a legitimate backup on the roster. The 22-year-old Montembeault did get some NHL playing time this season and might be ready for a permanent back-up role. He played 11 games for the Panthers last season, posting a 3.04 GAA and a .894 save percentage. His numbers weren’t much better in Springfield, suggesting that he probably needs more seasoning, but the youngster is likely the heir apparent to the backup sometime in the future.

Other RFAs: F Anthony Greco, F Jayce Hawryluk, F Dryden Hunt, F Juho Lammikko, F Maxim Mamin, D Ian McCoshen, D Thomas Schemitsch, F Dominic Toninato

Key Unrestricted Free Agents: F Riley Sheahan – A former first-round pick with the ability to play center, the 27-year-old has now found himself with three teams already and it could be a fourth. Sheahan was acquired in February as part of the deal that saw Florida trade off Jared McCann and Nick Bjugstad, but didn’t do much to impress with the Panthers. He scored just two goals in 33 games for Florida and finished the season with nine goals and 19 points. However, the main reason that the Panthers took on Sheahan was that his contract was expiring, which the team wanted in hopes of bringing in a big-game free-agent.

Other UFAs: F Troy Brouwer, D Ludwig Bystrom, D Michael Downing, F Henrik Haapala, F Jamie McGinn, D Julian Melchiori, F Vincent Proplan,

Projected Cap Space: The Panthers currently sit a little more than $25.23MM under the cap ceiling, according to CapFriendly, which should give them plenty of maneuvering room to sign multiple big-name free agents. The team is well-known for being interested in signing both of Columbus’ top free agents in Artemi Panarin and Sergei Bobrovsky and, if the team can convince both to sign, they have ample cap room to lock up both to long-term deals. If they can only sign one, that still leaves them with Plan B options as well, although their top priority is to add a goaltender, their most desperate need.

Photo courtesy of USA Today Sports Images

Andrej Sekera, David Schlemko To Be Bought Out

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Two players have been placed on unconditional waivers today as the Edmonton Oilers announced they have placed veteran defenseman Andrej Sekera on unconditional waivers for the purposes of a buyout, while the Philadelphia Flyers also reported the same about defenseman David Schlemko.

Sekera had two years remaining on his six-year, $33MM deal ($5.5MM AAV) he signed in 2015 when he was the team’s No. 1 defenseman. However, major injuries have derailed his career since then as the 33-year-0ld has played just 60 games combined over the past two seasons. He played 24 games last season, putting up just four assists. While the team was hoping that Sekera might work his way back into his old form, the team decided they would rather move forward. The team is loaded with a number of young defenseman who the team wants to give a chance to on the ice, including Evan Bouchard, Ethan Bear, William Lagesson, Caleb Jones, Joel Persson, Dmitri Samorukov as well as their unsigned 2019 first-round pick, Philip Broberg. The team had been trying to find a trade partner to take Sekera off their hands, but failed even though the Oilers were willing to retain half his salary. Thus, with no trade partner available, Edmonton opted to buy him out.

The buyout will last four years with the following cap hit (according to CapFriendly):

2019-20: $2.5M
2020-21: $2.5M
2021-22: $1.5M
2022-23: $1.5M

With Sekera’s contract cleared, the Oilers should have an extra $3MM to spend as they now should have $11.3MM in projected cap space this summer with a roster of 17, including nine forwards and seven defensemen.

Schlmeko, on the other hand, has bounced around over the last few years and the 32-year-old never took the ice for Philadelphia. He was acquired along with Byron Froese in February of this year in a trade with Montreal for Christian Folin and Dale Weise. Schlemko spent the rest of his season playing for the Lehigh Valley Phantoms in the AHL, where he played 18 games, tallying four assists in the process.

The veteran was going into the final year of a four-year, $8.4MM deal ($2.1MM AAV) he signed with the San Jose Sharks. The Sharks, however, chose to expose Schlemko to the expansion draft in 2017 and the Golden Knights selected him and then flipped him to Montreal for a fifth-round pick in this year’s draft. Although he’s dealt with numerous injuries, he spent most of his time in Montreal as the seventh defenseman, playing just 55 games over those two years.

The buyout will last just two years with the following cap hit (according to CapFriendly):

2019-20: $900K
2020-21: $600K

The team will now have $16.3MM in projected salary cap space for the offseason with 18 players on their roster, including nine forwards, six defensemen and three goaltenders.

 

Latest On Phil Kessel, Pittsburgh Penguins

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Saturday: While he can’t get confirmation from either team, Sportsnet’s Elliotte Friedman reports that the Penguins and the Arizona Coyotes are are currently working on a Kessel deal. No word on what the deal might consist of, but Arizona is one team that Kessel would be interested in playing for as he is close to Coyotes head coach Rick Tocchet, who was an assistant coach for the Penguins before taking the Arizona job.

Friday: The Pittsburgh Penguins had a trade worked out earlier this month that would have seen Phil Kessel head to the Minnesota Wild in exchange for Jason Zucker. It didn’t happen because of a no-trade clause that Kessel refused to waive, something he had negotiated into his contract years ago when he first signed with the Toronto Maple Leafs. Exercising his clause to block a trade was well within his right, and it seemed to quiet things down for a while in regards to the Penguins. GM Jim Rutherford admitted that a Kessel trade this offseason was now unlikely, but that hasn’t stopped reports surfacing on consecutive days that the team is still trying to unload their enigmatic star.

Yesterday, Josh Yohe of The Athletic (subscription required) reported that trade talks for the Penguins were “heating up” though it wasn’t clear exactly what Rutherford was trying to accomplish, other than dealing Kessel while making the team younger and faster. Today, another detailed piece was released by Rob Rossi of The Athletic that examines exactly what has gone wrong in Pittsburgh between Kessel and the organization and how the star player is currently holding the rest of their offseason “hostage.” Rossi quotes multiple sources that feel a Kessel trade was priority number one this offseason, in order to accomplish a sort of culture reset in Pittsburgh.

The 31-year old Kessel has three years remaining on his current contract and carries a $6.8MM cap hit thanks to a portion being retained by the Maple Leafs from an earlier trade. The deal owes him even less in actual salary, and Kessel is coming off another outstanding offensive season with 82 points in 82 games. He’s also currently on an iron man streak that hasn’t seen him miss a game since the 2009-10 season. Point-per-game wingers don’t get traded very often, but a deal this summer would be the third time Kessel is traded in his career.

Still, there is the problem of a no-trade clause that lists just eight teams that the Penguins can send Kessel to without his permission. Players in that situation usually list teams that would have little interest or that would hesitate to deal in-division. Teams like Philadelphia, Washington, Toronto and Boston all seem unlikely to get into real discussions for one reason or another, meaning his list could basically be limited to just a handful of potential destinations. With Rutherford after a “hockey trade” that brings back a player (or players) that can help the Penguins immediately, a deal might be extremely hard to find.

Photo courtesy of USA Today Sports Images

Free Agent Focus: Boston Bruins

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Free agency is now just a few days away and there are quite a few prominent players set to hit the open market while many teams have key restricted free agents to re-sign. The Boston Bruins have a several important restricted free agents they will have to focus on as they will have to lock up some of their top young defenders, while they also have a couple useful unrestricted free agents. The question will be whether they are willing to pay up to keep them.

Key Restricted Free Agent: D Charlie McAvoy – With all the talk around the league of high-priced expectations for many of the top restricted free agent forwards around the league, arguably the best restricted free agent defenseman in McAvoy has seemingly flown under the radar. McAvoy has been amazing and has quickly taken over as the future of the Bruins defense, posting 14 goals and 60 points over the past two years with Boston. The 21-year-old has been the perfect offensive addition on the blueline since arriving after two years at Boston University. If there was something that could be holding McAvoy back, it would be his inability to stay healthy as he played just 63 games in his rookie year and then played even less last year in 54 games total. Despite that, the RFA should pick up a big pay raise over the $1.26MM he made last season.

D – Brandon Carlo – In many ways, Carlo is the opposite of McAvoy. The 22-year-old is not known for his offense, but is a defensive player who has needed time to develop and only more recently has he developed into a shutdown defender that Boston had envisioned when they drafted the 6-foot-5 blueliner in the second round back in 2015. While he isn’t likely to come anywhere close to the money that McAvoy should receive, Carlo has become a key player on the team’s top-four and should only continue to get better.

F – Danton Heinen – One thing the Boston Bruins need are top-six wingers to continue posting the offense they are used to. The question is whether Heinen is that guy for them. After putting up 16 goals and 47 points in his rookie season, many people suspected that Heinen would continue to thrive in that role. Instead, he struggled putting the puck into the net and eventually found himself put on the team’s third line as he failed to produce, finishing the season with just 11 goals and 34 points. The question is which player is he? The team must decide that, likely ending up with a short-term deal so that Heinen can prove that he deserves to be paid.

Other RFAs: F Peter Cehlarik, F Ryan Fitzgerald, Jakob Forsbacka Karlsson

Key Unrestricted Free Agents: F Marcus Johansson – The team fared quite well at the trade deadline, acquiring players who truly helped the franchise reach the Stanley Cup this season. One of the key players was Johansson, who had struggled in two seasons with New Jersey, but proved to be a big contributor in the playoffs, putting up four goals and 11 points in 22 playoff games. Unfortunately, his success could have priced himself out of Boston’s salary cap plans, but there is hope that both teams could still work out a deal. However, the team may be forced to look elsewhere if the 28-year-old can net himself an impressive offer from another team later this week.

F – Noel Acciari – Six goals and 14 points may not sound like much, but the 27-year-old has become a fixture on Boston’s fourth line. While the team could survive without him, Acciari is well known for his hard-hitting style of play and his willingness to sacrifice his body to help the team. In fact, the fourth-liner suffered a broken sternum, yet still played through it throughout the playoffs, something that any team might appreciate. Regardless, the team has made an offer and Acciari opted not to accept it, so the team could end up losing him, although a deal remains possible.

Other UFAs: G Zane McIntyre; F Mark McNeill; F Gemel Smith; F Lee Stempniak; F Jordan Szwarz

Projected Cap Space: The Bruins currently sit a little more than $12MM under the cap ceiling, according to CapFriendly, but still must add McAvoy, which could end up being pricey, while also having to sign Carlo and Heinen. That should take a chunk of that cap space, but the team should still have the ability to sign one of their unrestricted free agents or even find a couple of cheaper options on the unrestricted free agent market on Monday.

Photo courtesy of USA Today Sports Images

Snapshots: Qualifying Offers, Haas, Doan

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The quality of players hitting the open market today after not receiving qualifying offers is much higher than in recent years past, as teams facing frightening salary cap crunches do not want to issue expensive offers or risk possible arbitration decisions. However, many of these top names officially becoming unrestricted free agents may not be done with their current team’s just yet. The poster boy of this idea is Ryan Hartman, acquired by the Dallas Stars yesterday only to not receive a qualifying offer today. TSN’s Pierre LeBrun reports that the team was unable to negotiate with Hartman in the short time after he was acquired and did not want to risk the potential award that he could land in arbitration. Dallas obviously made the deal knowing this was a possibility and LeBrun notes that they plan to use the waning days of early negotiating rights to their advantage in hopes of signing him. The same story rings true for the Vancouver Canucks and defenseman Ben Hutton. The team did not want to pay Hutton his $2.8MM qualifying offer, nevertheless what he might make in arbitration, especially as they pursue another top defenseman in Tyler Myers, so the team tried to find another solution. Sportsnet’s Rick Dhaliwhal reports that they tried first to trade Hutton, but to no avail. The only other possibility was to let him reach UFA status, negating his arbitration rights, and try negotiating a deal with a lower salary. It seems like a stretch for Vancouver, but so long as they have rights to Hutton, they’ll try their hardest to work out a deal. One last name that may not be headed elsewhere after all is young forward Curtis Lazar. The Calgary Flames did not feel Lazar was worthy of a near-$1MM qualifying offer or potential arbitration battle, but they also have not closed the door on re-signing him, writes beat reported Kristen Anderson. The Flames are continuing negotiations with Lazar’s camp in hopes that he may return at a lower number. However, after Lazar was given just one NHL appearance this season, one would think that he will look for a better opportunity elsewhere next season.

  • Swiss hockey site He Shoots He Scores reports that a deal is imminent between NLA star Gaetan Haas and the Edmonton Oilers. The site relays the news directly from Haas’ agent, who claims an offer has been submitted and will be signed. The 27-year-old forward is coming off back-to-back dominant seasons, recording 30 goals and 79 points in 97 games overall for SC Bern. A two-way center who plays a complete game, this will be Haas’ first venture out of Switzerland, other than international competition, and the Oilers will hope his game can translate. This would be Edmonton’s second import of the off-season already, along with Swedish forward Joakim Nygard, as the team continues to seek affordable scoring help.
  • Arizona State University continues to benefit from being the lone NCAA on the west coast by sweeping up the sons of former nearby NHLers. The Sun Devils received another notable commitment recently from none other than the son of Arizona’s most beloved hockey player, Shane Doan. Josh Doan, 17, announced that he will stay close to home by playing for the program, beginning in 2021-22. Doan was drafted by the USHL’s Chicago Steel last year and will likely spend a season or two with the team before arriving at Arizona State. Doan now joins Carson Briere and Jackson Niedermayer as sons of famous hockey fathers all committed to ASU. Add in recent New Jersey Devils draft pick, goaltender Cole Brady, and the future is looking bright for the upstart Sun Devils program.

Erik Karlsson Re-Signs With San Jose Sharks

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UPDATE: The Sharks have now officially announced the Karlsson extension and it is worth even more than previously believed. Karlsson is set to make $11.5MM on average over an eight-year term for a total of $92MM, according to CapFriendly. That includes $53MM in signing bonuses, largely front loaded in the early years for potential lockout protection, as well as in the final two years to dissuade a buyout. The contract also includes a full No-Movement Clause. There is little doubt remaining that San Jose is all in on Karlsson given these terms, which make Karlsson the highest paid defenseman in NHL history and behind only Connor McDavid and Auston Matthews overall. The Sharks simply have to hope that he can get back to full health and remain that way as long as possible, while those teams that missed out on a chance to court him this summer have to hope that the somewhat underwhelming replacement options don’t drastically increase their asking price.

 

It’s been an ongoing narrative early this off-season that the San Jose Sharks were willing to do whatever it takes to re-sign Erik Karlsson, after the all-world defenseman played well – when healthy – in his first season with the team. Karlsson is considered not just the top defenseman on the free agent market, but arguably the biggest name overall, and that’s taking into account his injury concerns. Few defensemen in the NHL can do what a healthy Karlsson can offensively and the 29-year-old was set to cash in on the open market. Yet, it seems that GM Doug Wilson and the Sharks have convinced Karlsson that he doesn’t need to test the waters to find a considerable contract and a winning team. TSN insider Bob McKenzie reports that “all signs are pointing” to Karlsson returning to San Jose and colleague Pierre LeBrun follows it up by stating that “a deal is indeed done.”

McKenzie is hardly the first to report that extension talks were getting close between the two sides, but when the respected hockey mind makes a pronouncement like this, it generally carries significant weight. LeBrun thus checked in himself and found previous reports that the two sides were talking about a contract in the neighborhood of Drew Doughty’s eight-year, $88MM contract to be true. LeBrun believes that is will be an eight-year deal worth more than Doughty’s $11MM AAV. This would make Karlsson’s cap hit the third-largest in NHL history.

Unless his negotiating rights were to be traded prior to July 1st, the Sharks were always going to be the only team that could offer Karlsson that valuable eight year. However, it is likely their willingness to move into the double-digit AAV realm that pushed negotiations closer to a resolution. Especially in a season in which Karlsson missed 29 games due to injury, there was plenty of speculation that his value would take a hit on the free agent market, resulting in lesser term or at least a lower dollar value over a long-term deal. Instead, the Sharks seemingly plan to keep Karlsson in town by offering him the same contract he likely would have landed prior to this past season and hope that recent groin surgery solves the nagging soft tissue damage that cost the superstar blue liner so much time this season.

Assuming this extension becomes official shortly, it will have wide-ranging effects. San Jose cannot afford to re-sign Karlsson to this contract and also re-up restricted free agents Timo Meier and Kevin Labanc without making some sacrifices. Priority unrestricted free agents like Joe Pavelski, Joe Thornton, Gustav Nyquist, and Joonas Donskoi cannot all return if any can. Signing even one of those players may force the Sharks to move out other salary from the roster. Additionally, per the terms of the original Karlsson trade, San Jose will also surrender a 2021 second-round pick to the Ottawa Senators in exchange for extending their acquisition. As for the rest of the free agent market, one of the top names is now off the board. The demand and thus the price for the next tier of defensemen – Jake Gardiner and Tyler Myers – just went up, as did the cost of bringing in a big name like Artemi Panarin or Matt Duchene after both Karlsson and Jeff Skinner received larger contracts than expected.

The greater story here though is that the Sharks’ Stanley Cup window, which some saw as closing if Karlsson, Pavelski, and Thornton were all to leave, has now been extended with the re-signing of one of the game’s best defensemen, so long as he can stay healthy. With Karlsson, Brent Burns, and Marc-Edouard Vlasic together on the blue line for at least six more years and core forwards like Logan Couture, Evander Kane, Tomas Hertl, and soon Meier locked up, the team has strength at both ends and will continue to be a top competitor year in and year out.

 

Competition Committee Submits Rules Recommendations

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The NHL and NHLPA released a joint statement this evening outlining the changes recommended by the Competition Committee, which wrapped meetings today. The players’ side, led by NHLPA Special Assistant Mathieu Schneider, included Ron Hainsey, Connor Hellebuyck, Connor McDavid, John Tavares, and James van Riemsdyk. The league side, led by NHL Senior Vice President of Hockey Opertations Colin Campbell, included Craig Leipold, David Poile, Ken Holland, Doug Wilson, and Steve Yzerman. Together, the group came up with some intriguing ideas for consideration.

The most notable suggestion, as well as the most expected one, was expanded access to video review and coach’s challenges. Few details were disclosed as to the specifics of expanded review, other than allowing referees to use video review to review calls on the ice. However, after a postseason in which incorrect calls has drawn so much media scrutiny, it’s fair to assume that changes are coming to review procedures to help remedy that situation.

Another suggested rule change bound to draw some attention is a change to the the tie-breaking procedures used to determine final regular season rankings. While the joint release did not outline the proposed changes, Sportsnet’s Elliott Friedman believes that the preference of the Competition Committee is to use simply regulation wins rather than “ROT”, regulation and overtime wins, as the primary tie-breaker. If adopted, this rule change could very well see more teams looking to end games in regular time as opposed to playing for overtime, especially late in the season in a tight playoff race.

Other suggestions included changes to face-off locations based on icing, pucks out of bounds, power plays, intentionally knocking the net over, and goalies unnecessarily freezing the puck, as well as a rule that would require players to leave the ice if their helmet is knocked off during play.

These rules suggestions still need to be approved by both the NHL’s Board of Governors and the NHLPA’s Executive Board, and many of the proposed changes will require more detailed presentations, as well as considerable discussion. After suggestions are adopted, the language will be formalized and they will officially be indoctrinated into the NHL rule book. Stay tuned for further updates on these possible rule changes when these governing bodies meet later this summer.

Snapshots: Competition Committee, Imoo, Byron

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When the NHL/NHLPA Competition Committee convenes tomorrow in Toronto, the players’ side will be represented by some of the biggest names in the game. The NHLPA has announced that Ron Hainsey, Connor Hellebuyck, Connor McDavid, John Tavares, and James van Riemsdyk will be the players in attendance at Tuesday’s meeting. McDavid and Tavares obviously stand out as two of hockey’s top talents and players whose inputs will be highly valued. Hainsey is a respected veteran who has always been involved with the players’ association. Hellebuyck will seemingly be there to represent all goalies, while – maybe unintentionally – van Riemsdyk will be the only player from an American team in attendance. The group will have a lot to talk about, as officiating concerns have only increased over recent weeks and the discussion of changing or expanding review will almost certainly be on the table.

  • The Athletic’s Lisa Dillman reports that Los Angeles Kings goaltending development coach Dusty Imoo is headed overseas. The goalie whisperer is set to join the KHL’s Kunlun Red Star in a similar role and Dillman notes that it is a major loss for the Kings. She writes that Imoo was part of a strong tandem with goalie coach Bill Ranford that has worked with Jonathan Quick for years, helped to resurrect the careers of Peter Budaj and Jack Campbell, and have been working with promising prospect Cal Petersen. Fortunately, goaltending is one of the few areas where L.A. found success last year and, even with the loss of Imoo, still have the talent and depth to stay strong in net.
  • Blaine Byron has re-signed with the AHL’s Springfield Thunderbirds, the team announced. It’s a one-year re-up for Byron, who just completed his second season with the Thunderbirds. Byron was a standout at the University of Maine and was expected to draw NHL interest as a college free agent in 2017, but instead signed with Springfield. He failed to impress in his first pro season, but after a 25-point campaign this year, it would not have been a surprise to see the Florida Panthers look into a two-way deal for the well-rounded forward. Instead, Byron returns to Springfield and will look to improve again next year.

Buyout Watch: Most Likely Candidates As Buyout Window Nears

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At this time next week, there could already be a few notable additions to the impending unrestricted free agent class. The NHL’s buyout window is set to open on Saturday, June 15th, after which teams will have 15 days to buy out unwanted contracts before the month ends and free agency begins on July 1st. This year in particular, there seem to be a surplus of teams upset with their current salary cap position and itching to remove a contract from their books that has not yielded the expected results. Yet, at a cost of two-thirds of the remaining salary and double the remaining term (in most cases), as well as the side effects of pay and bonus structure, it may not always be the best route. The following are some of the top names that could be bought out later this month and the cost to do so:

Corey Perry, Anaheim Ducks

Contract Remaining: Two years, $8.625MM cap hit
Buyout Cost (each year): $2.625MM/$6.625MM/$2MM/$2MM

The most recent name to hit the buyout rumor mill, Perry’s contract is undoubtedly an albatross and it is difficult to see him getting back to the pace and production that initially warranted his high cap hit. A buyout would give the Ducks immediate relief this year and $2MM in years three and four is not bad. However, the 2020-21 cost is not ideal. However, it’s hard to see anyone trading for Perry’s contract with so many unknowns about his game, so this could be the only choice for Anaheim.

Dion Phaneuf, Los Angeles Kings

Contract Remaining: Two years, $7MM cap hit
Buyout Cost (each year): $2.917MM/$5.417MM/$1.417MM/$1.417MM

The Kings want to get younger and faster and want some cap space to improve. Moving Phaneuf accomplishes all of that, and L.A. has good blue line depth to fall back on in the short-term. Like Perry, this buyout hurts in year two, but is otherwise tolerable. The Kings will try to trade Phaneuf and may succeed, otherwise this is a likely buyout scenario.

Scott Darling, Carolina Hurricanes

Contract Remaining: Two years, $4.15MM cap hit
Buyout Cost (each year): $1.233MM/$2.333MM/$1.183MM/$1.183MM

One of the earliest reported buyout rumors was that of Darling, and for good reason. The former star backup has not panned out as a starter for Carolina, a team that made it to the Eastern Conference Final with a tandem of a UFA flier and a veteran waiver claim. The Hurricanes may not have any experienced goalies under contract for next season yet besides Darling, but that won’t stop them from moving on and going back to the free agent market or their talented pipeline for answers, especially with this very palatable buyout and few cap concerns.

Ryan Callahan, Tampa Bay Lightning

Contract Remaining: One year, $5.8MM cap hit
Buyout Cost (each year): $2.667MM/$1.567MM

Callahan won’t be in Tampa one way or another next season. The team is facing a difficult cap crunch and there’s no room for the veteran, who has played little role in recent years. A buyout doesn’t give the Bolts the full savings they’d hope for this upcoming season and a trade likely remains preferable, but Callahan’s stock is not high and a buyout remains the more likely resolution.

Valeri Nichushkin, Dallas Stars

Contract Remaining: One year, $2.95MM cap hit
Buyout Cost (each year): $700K/$450K

Nichushkin’s age makes his buyout fall under the second category of buyout wherein only one-third of the remaining salary is accounted for. As such, his buyout would mean almost nothing for Dallas’ cap calculations. The young winger failed to score a goal last season as a regular player and both sides would seemingly benefit from a split. It’s not certain that the Stars will move on, but should they choose to, a buyout is a painless option.

Brendan Smith, New York Rangers

Contract Remaining: Two years, $4.35MM cap hit
Buyout Cost (each year): $971K/$3.146MM/$1.146MM/$1.146MM

Smith has been a disaster in New York and certainly not the player that the Rangers saw perform well in the postseason as a deadline addition in 2016-17. It’s hard to see a fit for Smith moving forward, even more so than other unfriendly defense contracts like Marc Staal and Kevin Shattenkirk. It’s even more difficult to see him having any trade value, so the team would have to go the buyout route. It’s not a terrible option, but as frequently happens, the year one savings come back to bite with a hefty year two increase.

Karl Alzner, Montreal Canadiens

Contract Remaining: Three years, $4.625MM cap hit
Buyout Cost (each year): $1.069MM/$4.194MM/$2.194MM/$1.069MM/$1.069MM/$1.069MM

Alzner had one point in nine games with Montreal last season, which is enough to say he’s not in the Canadiens’ long-term plans. He could be on their books for a long time to come with a potential six-year buyout structure, but at a relatively low cost most years. Alzner needs a fresh start and it’s fair to assume that Montreal will give him one.

Milan Lucic, Edmonton Oilers

Contract Remaining: Four years, $6MM cap hit
Buyout Cost (each year): $3.625MM/$5.625MM/$4.125MM/$5.625MM/$625K/$625K/$625K/$625K

Loui Eriksson, Vancouver Canucks

Contract Remaining: Three years, $6MM cap hit
Buyout Cost (each year): $5.556MM/$5.556MM/$3.556MM/$556K/$556K/$556K

Lucic and Eriksson have been tied together by rumors all off-season and one more thing they share: poor buyout possibilities. As bad as Lucic’s contract is, based on his drop-off in performance, his buyout is still very expensive for four more years and then extends another four years beyond that. The Oilers would be better off continuing to search for some way to trade him, no matter how slim the chances. As for Eriksson, his front-loaded contract makes a buyout pointless. The Canucks would pay almost the same amount in each of the next two years as if he was still on the team, then would have the cap penalty for another four years after that. Vancouver and Edmonton are likely stuck with these players, unless of course they swap them for each other.

Jori Lehtera, Antti Niemi Sign In KHL

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Pavel Datsyuk won’t be the only former NHL player signing in the KHL today. R-Sport in Russia is reporting that Philadelphia Flyers forward Jori Lehtera has signed a one-year deal with SKA St. Petersburg, while Jokerit Helsinki have announced they agreed to terms with Montreal Canadiens goaltender Antti Niemi on a one-year deal. Both players are technically still under NHL contract through the end of the month, but are scheduled to become unrestricted free agents on July 1.

Lehtera, 31, never did work out in Philadelphia after coming over from the St. Louis Blues in 2017, and found himself in the minor leagues this season after clearing waivers. Add that demotion to a drug-related charge in Finland and it’s easy to see why he is leaving the NHL landscape for Russia to continue his career. This won’t be the first time he suits up in the KHL, as Lehtera spent four years dominating the league before ever playing in the NHL. His final season, 2013-14, he registered 44 points in 48 games and will try to get back to that level of offensive production.

Niemi meanwhile struggled last season with the Canadiens and likely wasn’t going to find another NHL backup role. Once a top young goaltender who took the Chicago Blackhawks to a Stanley Cup victory, the 35-year old’s play has deteriorated to the point where he was bought out by Dallas and played for three different teams in 2017-18. His .887 save percentage in the most recent season wasn’t enough for the Canadiens to retain him, especially when they have Charlie Lindgren ready to compete for an NHL spot behind Carey Price.

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