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Richard Panik

Richard Panik Signs With Washington Capitals

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Monday: The Capitals have officially announced a four-year, $11MM contract with Panik, a deal that pays the two-way winger a $2.75MM AAV.

Sunday: The Washington Capitals were able to shed some salary recently by flipping restricted free agent Andre Burakovsky and his expensive qualifying offer to the Colorado Avalanche, and now they’re set to replace him with a more experienced winger. According to Bob McKenzie of TSN Richard Panik is expected to sign a four-year contract with the Capitals tomorrow. The deal could carry an average annual value “somewhere north of $2.5MM” tweets McKenzie.

Panik, 28, recorded 33 points in 75 games with the Arizona Coyotes last season and has now gone three years in a row with at least that many. That kind of production is exactly what the Capitals are looking for out of their bottom-six, especially after likely losing Brett Connolly to free agency as well. There’s actually a chance that the veteran forward could become even more than that playing in Washington, as Panik has been known to fit in well beside top players in a support role. The Capitals already have their superstars up front but needed a little more punch on the right side.

The question will be how this affects the rest of the summer for Washington, who may have a little flexibility right now but need to pay Jakub Vrana, Chandler Stephenson and Christian Djoos at some point. They also have to think about the future with Nicklas Backstrom and Braden Holtby set to become free agents in a year’s time. While Panik is likely a bargain at $2.5MM, the four-year term could present some risk to a team that is always near the cap if he somehow fails to produce in Washington.

Pacific Notes: Panik, Puljujarvi, Miller, Fantenberg

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With the Coyotes within striking distance of a playoff spot, they may not be as inclined to become sellers as some may think.  Even if they do try to add, Richard Morin of the Arizona Republic believes that winger Richard Panik is likely to be dealt anyway as it’s unlikely that Arizona will look to bring him back this summer.  The 27-year-old is having a decent season with 18 points (10-8-18) in 44 games while averaging 16:43 per night, a career high.  Consistency has been an issue but Panik is someone that could slide into a middle-six role for some teams in need of extra scoring depth on the wing.  He carries a $2.8MM cap hit this season and will become an unrestricted free agent in July.

Elsewhere in the Pacific:

  • The Oilers plan to scale back winger Jesse Puljujarvi’s minutes for the time being, notes Postmedia’s Robert Tychkowski. Head coach Ken Hitchcock indicated that the 20-year-old has struggled to adjust to the increased intensity of the games in recent weeks but at the same time, simply sending him back to the AHL won’t help him with that.  Instead, they’ll deploy him on Edmonton’s fourth line for now.  Puljujarvi has been part of trade speculation all season long and him dropping down the depth chart likely will keep him at the forefront in that regard.
  • The Golden Knights could have defenseman Colin Miller back tonight after missing the last 13 games due to an upper-body injury, reports David Schoen of the Las Vegas Review-Journal. With more than half of his points this year coming with the man advantage, he’d be a welcome boost for the Vegas power play.  A roster spot would need to be freed up to activate him off injured reserve but goalie Malcolm Subban could simply be transferred to IR in the short-term to open up that spot.
  • Kings defenseman Oscar Fantenberg missed last game with a lower-body injury but head coach Willie Desjardins told Curtis Zupke of the Los Angeles Times that the blueliner is close to returning. The 27-year-old has held down a regular spot on their third pairing for most of the season while logging nearly 15 minutes a night.

Alex Galchenyuk “Week-To-Week”, Will Miss Opening Night

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Late last week, it was reported that Arizona Coyotes forward Alex Galchenyuk had been sidelined with an injury. However, the team had not yet evaluated the injury or its severity. Head coach Rick Tocchet was tight-lipped about how it occurred, what type of injury it might be, or how long Galchenyuk could be out for. It seems now that the team has taken the proper time to consider Galchenyuk’s status and the results are not optimal. Arizona announced that Galchenyuk is “week-to-week” with a lower body injury and is expected to miss the team’s opener in Dallas on October 4th.

Missing just one game would be a best case scenario at this point, as there continues to be a lack of details or answers regarding this injury. As the Coyotes biggest off-season acquisition, there was a lot of hype and excitement surrounding the young scoring forward entering this season. Beginning the season without him is less than ideal, but even hinting at a long-term injury would be a tough pill for fans to swallow before the season even begins. “Week-to-week” is a difficult time frame to estimate, especially for a player who has been rather resilient in his career. However, when Galchenyuk did suffer a serious knee injury in 2016-17, he had a tough time getting healthy and would up missing 21 games over two stints on the injured reserve. A similar outlook for this mysterious lower-body ailment would be disastrous for Arizona.

Early indications had Galchenyuk not at center, but at left wing for the Coyotes and certainly in the top-six. Until he returns, his spot will likely return to what it was last season – a revolving door of options including Richard Panik, Brendan Perlini, Mario Kempe, and Lawson Crouse. That lineup is even less appealing than last year, when Max Domi (traded for Galchenyuk), Jordan Martinook (also traded), Tobias Rieder and Anthony Duclair (free agency) were also in the mix. The ’Yotes have to hope that the rest of their forward corps can pick up the slack and could use a hot start from free agent addition Michael Grabner and rookie Dylan Strome. Either way, the team will need Galchenyuk back as soon as possible if they want to take a step forward this season.

Snapshots: Panik, Kaspick, Islanders

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Arizona Coyotes forward Richard Panik was arrested for trespassing on April 8th, reports ABC15 in Arizona. Panik reportedly refused to leave the entrance of a nightclub called Bevvy in Scottsdale, and was booked for criminal trespass. He was later released with a criminal citation.

Panik, acquired by the Coyotes during the season from the Chicago Blackhawks, is under contract for one more season at $2.8MM. He seemed to fit in well with the Coyotes system, recording 19 points in 35 games. The 27-year old’s future in Arizona will likely not be affected by the incident, though it is something to keep an eye on.

  • Tanner Kaspick has been assigned to the Manitoba Moose for the remainder of the season, allowing the St. Louis Blues prospect to keep playing despite his CHL team’s recent elimination. The Blues don’t have a primary AHL affiliate this season, meaning Kaspick had to be loaned to the Moose and will be under the purview of their coaching staff. The Moose are headed into the playoffs as one of the better teams in the AHL, but could use another talented player like Kaspick. The former Brandon Wheat Kings captain had 64 points in 60 games split between two teams this season.
  • According to a report from Chris Botta of SportsNet New York, the New York Islanders are looking to add a “top executive” to the hockey operations department that could work as a general manager under current President Garth Snow. While Botta lists Julian BriseBois (Tampa Bay Lightning), Paul Fenton (Nashville Predators) and Tom Fitzgerald (New Jersey Devils) as possible candidates, Andrew Gross of Newsday reports that they have not yet contacted the Devils to speak with the latter.

Western Notes: Coyotes Free Agency, Perron, Jarnkrok, Fowler

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With the team comfortable at both goaltending and defense, the Arizona Coyotes are expected to be add to their forward lines this offseason. Don’t be surprised if Arizona looks into the free agent market this summer and attempts to grab itself a top-six forward, according to AZCentral’s Richard Morin.

A team with ample cap space, Arizona has spent the last few years building through the draft and then this past season made multiple trades to upgrade its roster, acquiring the likes of Derek Stepan, Antti Raanta, Niklas Hjalmarsson and Richard Panik. The scribe writes the franchise, especially after an impressive second-half run, might look to dip its feet into the free agency market. While acquiring center John Tavares is not a likely scenario, the team might be able to snag an elite winger such as James van Riemsdyk, Patrick Maroon or Rick Nash. The team will have a couple of their own free agents they must sign, including veteran Brad Richardson, Zac Rinaldo, Kevin Connauton and Luke Schenn (as well as try to extend defenseman Oliver Ekman-Larsson), but the team should have the assets to upgrade their offense.

Morin does also admit that general manager John Chayka might also go back to the trade route as well, but at the same time, the team believes they will see an uptick in production from rookie Clayton Keller and now believe that prospect Dylan Strome is ready to handle full-time duties in the NHL.

Revisiting The January Trade Market

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As front offices around the league call and text trying to find the right fit for their rosters, fans are waiting with bated breath wondering who could be pulling on their favorite sweater in the next few weeks. Will a superstar change hands and take over as the new face of a franchise? Will a veteran finally find his way to the Stanley Cup promised land? The deadline is now less than six weeks away.

We may not have to wait until the very end to answer these questions though, as January has been a busy month for trade action in the past. We’ve already had two moves this year, and several more could be finalized before the calendar turns over. For now, let’s take a look back at the last few years to see what kind of moves are made in the dawn of the new year.

2018:

January 4th: Edmonton acquires Al Montoya from Montreal in exchange for a 2018 conditional fourth-round pick.

January 10th: Chicago acquires Anthony Duclair and Adam Clendening from Arizona for Richard Panik and Laurent Dauphin.

2017:

January 1st: Arizona acquires Mitchell Moroz from Edmonton in exchange for Henrik Samuelsson.

January 11th: Anaheim acquires Jhonas Enroth from Toronto for a 2018 seventh-round pick.

January 13th: Nashville acquires Cody McLeod from Colorado in exchange for Felix Girard.

January 19th: Nashville acquires Andrew O’Brien from Anaheim for Max Gortz.

January 21st: Los Angeles acquires Cameron Schilling from Chicago for Michael Latta.

January 24th: Ottawa acquires Tommy Wingels in exchange for Zack Stortini, Buddy Robinson and a 2017 seventh-round pick.

January 26th: Montreal acquires Nikita Nesterov from Tampa Bay in exchange for Jonathan Racine and a 2017 sixth-round pick.

Obviously 2017 wasn’t filled with the most blockbuster trades in the month of January, but several teams did add small pieces for potential playoff runs. Nesterov didn’t really work out in Montreal, and Wingels couldn’t find his scoring touch in Ottawa.

2016:

January 3rd: Chicago acquires Richard Panik from Toronto in exchange for Jeremy Morin.

January 6th: Los Angeles acquires Vincent Lecavalier and Luke Schenn from Philadelphia in exchange for Jordan Weal and a 2016 third-round pick.

January 6th: Nashville acquires Ryan Johansen from Columbus in exchange for Seth Jones.

January 7th: Montreal acquires Max Friberg from Anaheim in exchange for Dustin Tokarski.

January 8th: Vancouver acquires Emerson Etem from New York in exchange for Nicklas Jensen and a 2017 sixth-round pick.

January 14th: Ottawa acquires Conor Allen from Nashville in exchange for Patrick Mullen.

January 15th: Montreal acquires Victor Bartley and John Scott from Arizona in exchange for Jarred Tinordi and Stefan Fournier.

January 15th: Arizona acquires Victor Bartley from Nashville in exchange for Stefan Elliott.

January 16th: Anaheim acquires David Perron and Adam Clendening from Pittsburgh in exchange for Carl Hagelin.

January 21st: Anaheim acquires Ryan Garbutt from Chicago in exchange for Jiri Sekac.

2016 was a much more active January, with big names like Lecavalier, Johansen and Jones all dealt. While the Nashville-Columbus trade might have had the biggest impact long-term, Pittsburgh’s acquisition of Hagelin was a big part of their Stanley Cup run, as he scored 27 points down the stretch and added another 16 in the playoffs.

There is certainly value to be had in January trades, and it’s clear that teams like Nashville and Anaheim aren’t scared of making an early move. While those two might not be the most watched teams on the trade market this year, don’t rule them out of making tweaks once again.

Notable Contracts Signed During Playoffs

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The NHL’s regular season ended on April 9. Since then, there have been six notable contracts handed out by teams who either missed the playoffs or were eliminated early. We also saw the first major signing by the expansion Vegas Golden Knights.

At the half-way mark of the playoffs, let’s take a look at the bigger contracts signed so far:

April 24 – The New York Islanders re-signed Dennis Seidenberg to a one-year extension worth $1.25MM. A year removed from being bought-out by the Boston Bruins, Seidenberg signed with the Islanders during training camp. The defensive defenseman scored five goals and 22 points in 73 games with the Islanders. Seidenberg will be exposed in the expansion draft, but is not the most-appealing option that will be available to the Golden Knights from the Islanders roster.

May 2 – The Toronto Maple Leafs finally confirmed the long-rumored signing of defenseman Nikita Zaitsev to a seven-year, $31.5MM extension. That’s an average of $4.5MM per season, which is fair value for a top-four defenseman on a long-term deal. The 25-year old transitioned exceptionally to the NHL, registering 36 points while leading the Maple Leafs in ice-time and playing in all 82 regular season games. The term is likely longer than most Maple Leafs’ fans wanted, but will keep the cap hit down. He will also be exempt from this spring’s expansion draft.

May 4 – The Vegas Golden Knights made their first major acquisition (sorry, Reid Duke) by signing KHL star Vadim Shipachyov to a two-year, $9MM contract. The 30-year-old center scored 76 points in 50 games this season for SKA St. Petersburg. That was good for third in the KHL and second on SKA, behind only Ilya Kovalchuk. Shipachyov is a highly-skilled offensive player, but isn’t a big body at 6’1, 190 lbs. Vegas hopes he’ll be a marquee talent for the expansion club.

May 5 – The Carolina Hurricanes traded for Chicago Blackhawks backup goaltender Scott Darling in late April, and spent less than a week negotiating a new four-year, $16.6MM contract. Darling spent three seasons with the Blackhawks, going from a little-known name to one of this summer’s most highly sought-after goaltenders. In 32 games this season, Darling went 18-5-5 with a 0.924 SV% and a 2.38 GAA. The Hurricanes still owe Eddie Lack and Cam Ward over $6MM for the upcoming season.

May 9 – The Los Angeles Kings’ new GM Rob Blake locked up one of his team’s key young players to a four-year, $15MM contract. Tanner Pearson finished third on the Kings in scoring, with a career-high 44 points. The Kings had a disappointing season, but Pearson was one of their few bright spots.

May 11 – After a 22-goal season, Richard Panik signed a two-year, $5.8MM extension with the Chicago Blackhawks this morning. Panik caught on with the Chicago Blackhawks last season and has been a regular fixture with captain Jonathan Toews on the top line. Prior to his 44-points this season, Panik’s previous career-high was 17 points. While he left some money on the table, it was unlikely that he would find a better spot than on Toews’ wing.

Snapshots: Ovechkin, Sharks, Panik

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While Alex Ovechkin has been the butt of many jokes since his Washington Capitals were once again eliminated in the second round of the Stanley Cup playoffs by the Pittsburgh Penguins, it turns out that it’s not just his pride that has taken a beating this spring. The superstar forward will not join Team Russia at the World Championships because of a lower-body injury. Ovechkin apparently had been taking “pain numbing injections” just to stay on the ice for the Capitals, possibly because of the low hit he took from Nazem Kadri in the first round.

Ovechkin has played in the World Championships an amazing twelve times over his career, and has always been willing to suit up for his country on the international stage. Dmitry Orlov and Evgeny Kuznetsov will join Team Russia for the tournament. The pair are both restricted free agents this summer, and will be a big part of the introspective offseason Washington has ahead of them.

  • Henrik Lundqvist will also be attending the tournament to play for Sweden, who desperately need his help. The team is currently going with a duo of Viktor Fasth and Eddie Lack in net, a clear weakness on their otherwise impressive squad. With defenders like Victor Hedman, Jonas Brodin and Oliver Ekman-Larsson in front of him, Lundqvist should help the Swedes become a medal favorite if they weren’t already. He’ll also be joining brother Joel on the team, who is captaining this group.
  • According to Paul Gackle of the Mercury News, the San Jose Sharks are getting close to new contracts with restricted free agents Joonas Donskoi and Melker Karlsson. The pair represent two of the Sharks’ biggest tasks for the offseason, along with decisions on Joe Thornton and Patrick Marleau. Donskoi and Karlsson both didn’t perform up to the lofty expectations they had after their early success in the league, with just 17 and 22 points respectively. It will be interesting to see where they both land salary wise, as the Sharks have Brent Burns’ extension kicking in along with upcoming deals for Martin Jones, Marc-Edouard Vlasic and Tomas Hertl to contend with next summer.
  • Richard Panik apparently was surprised by the Chicago Blackhawks’ first contract offer, and didn’t need to negotiate according to Mark Lazerus of the Chicago Sun-Times. That offer was the two-year, $5.6M deal he signed earlier today, which will see the team keep a 20-goal man for under $3MM. Panik knows that playing with Jonathan Toews is likely the best scenario he’ll find anywhere in the league, but that he could earn a much bigger contract in two years when he hits unrestricted free agency. He’ll hit the open market at just 28, and if he has three 40-50 point seasons under his belt people will be lining up to hand him a long-term deal.

Richard Panik Signs Two-Year Extension With Chicago Blackhawks

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The Chicago Blackhawks have locked up a valuable piece, signing Richard Panik to a two-year contract extension.  The deal is worth $2.8MM per year, and will expire after the 2018-19 season. Panik was set to become a restricted free agent this summer, and had arbitration rights that would have likely awarded a hefty raise. "<strongRichard Panik” width=”216″ height=”300″ />

Formerly a failed prospect that bounced through two organizations, Panik was acquired by the Blackhawks for Jeremy Morin in early 2016 and has found a perfect fit in Chicago. While the Hawks have searched for ages to find wingers for Jonathan Toews, Panik slid in nicely beside the captain and scored 22 goals this season, easily a career high. The former second-round pick is still just 26, and coming off a 44 point season looks like a core piece for the Hawks going forward.

The interesting part of this deal though is how little cap space the Blackhawks had even before factoring in his ~$2MM raise. Including Panik, the Blackhawks now have over $73MM dedicated to contracts for next season already, and while the salary cap is expected to go up to somewhere around $75-76MM, that doesn’t leave them much room to work with. Artemi Panarin’s bonuses from this year are also carrying over, which would actually push them over that threshold. Their remaining restricted free agents include Tomas Jurco, Michal Kempny and Dennis Rasmussen, and while none of those names deserve a huge raise they will nonetheless cost something. It seems Chicago will have to move out an asset once again to maintain their salary cap structure, following the trend that has seen Teuvo Teravainen, Brandon Saad, Nick Leddy and others get shipped out long before their usefulness expired.

While a 20-goal scored for under $3MM is a solid deal for any team—as Pierre Lebrun of TSN points out, saying that Panik left money on the table to stay in Chicago—it will have ramifications elsewhere on the roster as the summer goes on. Getting out from under Brent Seabrook or Marian Hossa’s huge deals would be beneficial for Chicago, but getting them to waive their no-movement clauses and finding a taker for the huge cap hits and term will be difficult.

Pierre LeBrun of TSN provided the financial details on the contract.

Photo courtesy of USA Today Sports Images

Snapshots: Gilbert, Schmaltz, Vrbata

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When Tom Gilbert was traded from Los Angeles to the Washington Capitals just over a week ago, it was a step in the right direction for the veteran defenseman. Gilbert had played just 18 games for the Kings and was clearly not in their plans after sending him through waivers to the AHL. He told Isabelle Khurshudyan of the Washington Post as much and admitted that coming to Washington was very exciting for him. The Capitals acquired him mostly as injury depth, as he is still playing at the AHL level. But perhaps his coming East will pay off already.

Matt Niskanen was taken out of last night’s game with a lower-body injury, and though it doesn’t seem to be serious it is a sign of how close Gilbert is to having to play a vital role on the best team in the NHL. The Capitals already have just two right-handed defensemen—Niskanen and John Carlson—and use Nate Schmidt on his off-side with Brooks Orpik. If either of Niskanen or Carlson went down it would open a gaping hole on the Caps back end, one that Gilbert would gladly step into. Remember that though it was a long time ago, Gilbert was once a 45 point defenseman, capable of moving the puck with the best of them. It’s nice to have depth.

  • It’s a dream come true for Chicago Blackhawks winger Nick Schmaltz as he plays alongside Jonathan Toews. Schmaltz had three points last night and looks to be finding a nice groove on the wing of the resurgent Toews. In his rookie season Schmaltz has just 14 points in 41 games, but six of those have come in the last five as he’s gotten a nice icetime bump. Mark Lazerus of the Chicago Sun-Times writes in his latest column that the Blackhawks may have found an answer long-term on the captain’s wing. It doesn’t hurt that both are from the University of North Dakota and have taken a very similar path to the NHL.
  • If you consider Schmaltz a long-term piece on the top line, then how do you fill the other side? Is Richard Panik really the answer beside Toews? Craig Morgan of FanRag Sports has his doubts, and suggests a former Hawk should make his way back to the Windy City. Radim Vrbata is available at the deadline, and with his ridiculously low cap-hit of just $1MM, Chicago could likely afford him for the final part of the season. The veteran winger has 41 points this season and has rebounded well from the worst year of his career.

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