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Richard Panik

Red Wings Acquire Nick Leddy

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The Red Wings have added to their back end in advance of tomorrow’s transactions freeze, acquiring defenseman Nick Leddy from the Islanders in exchange for winger Richard Panik and the 52nd overall pick in this month’s draft.  Detroit is also retaining 50% of Panik’s contract, using their first of three salary retention slots in the process.  Both teams have announced the trade.

Earlier this week, it was reported that Leddy was being shopped to avoid the potential of losing him to Seattle in the upcoming expansion draft.  The 30-year-old had logged steady minutes over his seven years with the Islanders, averaging more than 21 minutes per game for each of the last six seasons.  Leddy even had a bounce-back year offensively this past season, tallying 31 points in 56 games.  However, with the Islanders having over $77MM in commitments for next season with several key players in need of new contracts, some money needed to be moved and Leddy’s $5.5MM price tag became the casualty.

Panik was acquired as salary ballast from Washington back at the trade deadline as part of the Anthony Mantha deal and is on the move again as salary ballast in this trade.  He has two years left on his deal with a $2.75MM AAV so with Detroit retaining half of that price tag, New York frees up $4.125MM in cap room with the move.  They also get a fairly high draft pick and Panik at a $1.375MM cost is serviceable for someone who is best served as a role player at this stage of his career after seeing his offensive numbers drop for four straight seasons to just 13 in 48 games in 2020-21.

Meanwhile, Leddy immediately becomes one of Detroit’s top defensemen but with his age and contract which expires next summer, it certainly doesn’t feel as if he’ll be a long-term fixture on their back end, especially since they’re still in rebuilding mode.  Instead, he’s someone that appears to be a strong candidate to be flipped closer to the trade deadline, perhaps with some salary retention as well to make it easier for a contender to add him later in the season where they may be able to recoup the second-rounder they’ve given up here.

As for New York’s expansion situation, this ensures they won’t lose Leddy for free but still poses some questions.  Each team must leave at least one signed defenseman unprotected that has played in at least 54 games over the past two years (or played in 27 games this season).  The Islanders only have three of those in Ryan Pulock, Adam Pelech, and Scott Mayfield.  Presumably, those are the three they want to keep so they will now need to acquire or sign a defenseman to serve as the mandatory unprotected player before the lists are submitted on Saturday.  Veterans Braydon Coburn and Andy Greene meet the games played requirement so a one-year contract for them would satisfy the requirement.

Photo courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Poll: Grading The Red Wings-Capitals Trade

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While trade deadline day itself was largely quiet with most of the big moves being made the night before, one of the final moves on Monday was a significant one with the Capitals acquiring winger Anthony Mantha from the Red Wings for wingers Jakub Vrana and Richard Panik, a 2021 first-round pick, and a 2022 second-round pick.

The move came as somewhat of a surprise considering Detroit wasn’t in a position to sell high on Mantha, who had been a healthy scratch recently.  Meanwhile, the same could be said for Vrana while Panik had recently cleared waivers.  On the surface, none of these players seemed like potential change of scenery candidates and yet combined for the biggest deal of the deadline.

From Washington’s standpoint, while Mantha is the bigger name, the numbers between him and Vrana are relatively similar in recent years.  Going back to 2018-19, Mantha has averaged 0.70 points per game and Vrana 0.65 despite Mantha logging nearly four minutes more per game in ice time.  Mantha has battled multiple injuries over that span and has played in 38 fewer games.  So why do they do the deal?  Finances would seem to have a lot to do with it.

Vrana is a restricted free agent this summer and is in line for a raise on his $3.35MM AAV; it’s not entirely implausible to think he could look at Mantha’s $5.7MM price tag through 2023-24 as the ballpark range for a target.  At that price, he’d be more difficult for the Capitals to move and they’d have had a hard time fitting him in with Panik’s $2.75MM for two more years on the books as well.  Now they have Mantha in that spot for three years at a fixed price tag with an underperforming contract gone as well.

As for Detroit, their motivation is a bit clearer.  They get a similarly productive player in Vrana who they hope can be more productive with more ice time.  With plenty of cap space, they can easily afford the raise he’ll get this offseason and it’s worth noting that the 25-year-old does have arbitration eligibility.  It also allowed them to absorb Panik’s deal without any concerns and the veteran should be able to contribute as well.  Getting those two assets plus first- and second-round picks gives them the potential for comparable production now and future pieces of the puzzle down the road.

How do you feel both teams made out in this swap?  Vote in the polls below to award your grades.

(Poll links for the Red Wings and Capitals for app users.)

Trade Deadline Summary: Central Division

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The NHL Trade Deadline has come and gone. A relatively slow day ended with a late burst, as many teams jumped into the mix at the last minute. How do you think your team did? Share your deadline grades in the comments for teams in the Central Division.

Carolina Hurricanes
Status: Buyer

In – F Cedric Paquette, D Jani Hakanpaa, D David Warsofsky, F Yegor Korshkov, 2022 sixth-round pick (ANA), 2022 seventh-round pick (CLB)
Out – F Ryan Dzingel, D Haydn Fleury, F Gregory Hofmann

Chicago Blackhawks
Status: Neutral

In – F Brett Connolly, F Vinnie Hinostroza, F Adam Gaudette, D Riley Stillman, F Henrik Borgstrom, F Josh Dickinson, F Ryder Rolston, 2021 second-round pick (VGK), 2022 third-round pick (VGK), 2021 fourth-round pick (MTL), 2021 seventh-round pick (FLA)
Out – F Mattias Janmark, F Carl Soderberg, F Matthew Highmore, F Lucas Wallmark, D Madison Bowey, D Lucas Carlsson, F Brad Morrison, 2021 fifth-round pick, 2022 fifth-round pick

Columbus Blue Jackets
Status: Seller

In – D Mikko Lehtonen, F Gregory Hofmann, 2021 first-round pick (TOR), 2021 first-round pick (TBL), 2022 third-round pick (TBL), 2022 fourth-round pick (TOR), conditional 2022 seventh-round pick (TOR)
Out – F Nick Foligno, D David Savard, F Riley Nash, G Veini Vehvilainen, 2022 seventh-round pick

Dallas Stars
Status: Neutral

In – None
Out – None

Detroit Red Wings
Status: Seller

In – F Jakub Vrana, F Richard Panik, F Hayden Verbeek, 2021 first-round pick (WAS), 2022 second-round pick (WAS), 2021 fourth-round pick (TBL), 2022 fourth-round pick (COL), 2021 fifth-round pick (OTT via MTL)
Out – F Anthony Mantha, D Patrik Nemeth, D Jon Merrill, D Brian Lashoff

Florida Panthers
Status: Buyer

In – F Sam Bennett, D Brandon Montour, F Lucas Wallmark, D Lucas Carlsson, F Brad Morrison, 2022 sixth-round pick (CGY)
Out – F Brett Connolly, F Vinnie Hinostroza, D Riley Stillman, F Henrik Borgstrom, F Emil Heineman, 2022 second-round pick, 2021 third-round pick, 2021 seventh-round pick

Nashville Predators
Status: Neutral

In – D Erik Gudbranson
Out – D Brandon Fortunato, 2023 seventh-round pick

Tampa Bay Lightning
Status: Buyer

In – D David Savard, D Fredrik Claesson, D Brian Lashoff, F Antoine Morand, conditional 2023 seventh-round pick
Out – F Alexander Volkov, G Magnus Chrona, 2021 first-round pick, 2022 third-round pick, 2021 fourth-round pick

Trade Deadline Summary: East Division

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The NHL Trade Deadline has come and gone. A relatively slow day ended with a late burst, as many teams jumped into the mix at the last minute. How do you think your team did? Share your deadline grades in the comments for teams in the East Division.

Boston Bruins
Status: Buyer

In – F Taylor Hall, F Curtis Lazar, D Mike Reilly
Out – F Anders Bjork, 2021 second-round pick, 2022 third-round pick

Buffalo Sabres
Status: Seller

In – F Anders Bjork, 2021 second-round pick (BOS), 2021 third-round pick (FLA), 2021 third-round pick (MTL), 2021 fifth-round pick (MTL), 2021 sixth-round pick (COL)
Out – F Taylor Hall, F Eric Staal, D Brandon Montour, F Curtis Lazar, G Jonas Johansson

New Jersey Devils
Status: Seller

In – D Jonas Siegenthaler, F A.J. Greer, F Mason Jobst, 2021 first-round pick (NYI), conditional 2021 fourth-round pick (NYI), conditional 2022 fourth-round pick (EDM)
Out – F Kyle Palmieri, F Travis Zajac, D Dmitry Kulikov, 2021 third-round pick

New York Islanders
Status: Buyer

In – F Kyle Palmieri, F Travis Zajac, D Braydon Coburn
Out – F A.J. Greer, F Mason Jobst, 2021 first-round pick, conditional 2021 fourth-round pick, 2022 seventh-round pick

New York Rangers
Status: Neutral

In – 2021 fourth-round pick (LAK)
Out – F Brendan Lemieux

Philadelphia Flyers
Status: Neutral

In – 2021 fifth-round pick (VGK via WAS), 2022 seventh-round pick (STL via MTL)
Out – F Michael Raffl, D Erik Gustafsson

Pittsburgh Penguins
Status: Buyer

In – F Jeff Carter
Out – conditional 2022 third-round pick, conditional 2023 fourth-round pick

Washington Capitals
Status: Buyer

In – F Anthony Mantha, F Michael Raffl, conditional 2021 third-round pick (ARI/NJ)
Out – F Jakub Vrana, F Richard Panik, D Jonas Siegenthaler, 2021 first-round pick, 2022 second-round pick, 2021 fifth-round pick

Capitals, Red Wings Make Mantha-Vrana Trade

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The Washington Capitals and Detroit Red Wings have made the biggest trade of deadline day. The Capitals have acquired Anthony Mantha in exchange for Richard Panik, Jakub Vrana, a 2021 first-round pick, and a 2022 second-round pick.

The Red Wings had been rumored for the last few weeks to be listening on players like Mantha and Tyler Bertuzzi, but no one was expected such a huge package to be coming back. In Vrana, Detroit GM Steve Yzerman has landed a player that has produced more offense (on a per-game basis) than Mantha so far in his career, with 76 goals and 157 points in 284 games.

Lately, Vrana found himself in the coach’s doghouse, even being made a healthy scratch at times. His game is inconsistent, but he still has 11 goals and 25 points in the 39 games he has played this season. That’s still more than Mantha’s 21 points in 42 games, though obviously, the Capitals believe the big winger will fit their lineup better.

If you’re thinking “but the Capitals also gave up a lot more,” you’re not wrong. Part of the draft capital the team gave up is because of Panik though, who Washington wanted to get off the books. Panik is signed through the 2022-23 season at a $2.75MM cap hit but had played himself right out of the lineup and cleared waivers recently. As Pierre LeBrun of The Athletic points out, that likely accounts for one of the picks in the deal.

Of course, Panik isn’t likely to be just a taxi squad player for the Red Wings, who are still deep in a rebuild. It wasn’t so long ago that Panik was a 14-goal scorer for the Arizona Coyotes, and if he can find some production with an increased role in Detroit perhaps they can flip him too down the line. Even if they don’t, Vrana and two high picks is a huge haul.

Mantha, 26, is a tantalizing package of size and skill, but there’s no guarantee he ever puts it all together. The Capitals obviously believe in the 6’5″ forward, and perhaps for good reason. Even in Detroit where he has been surrounded by poor talent, Mantha has still averaged 25 goals over every 82 games and puts up very strong possession numbers relative to his teammates. Perhaps when he gets into a system with All-Stars and Stanley Cup champions those offensive numbers will explode.

It’s important to also remember that the Capitals believe their picks will be near the end of each round, but right now they aren’t running away with the East Division. In fact, Washington is tied with the New York Islanders for first place and just two points ahead of the Pittsburgh Penguins. While they are pretty much locked into a playoff spot, there’s certainly no guarantee they make a deep run.

Kevin Weekes of NHL Network was first to break the deal.

Photos courtesy of USA Today Sports Images

Eastern Notes: Trouba, Panik, Palmieri, Hughes, Johnsson

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The Department of Player Safety announced that New York Rangers defenseman Jacob Trouba has been fined $5,000, the maximum allowable under the CBA, for slashing St. Louis Blues defenseman Vince Dunn Saturday. The incident happened during the third period when Dunn circled around the Rangers’ net with Trouba following who proceeded to slash at Dunn. That started a shoving match, which eventually led to a fight.

Trouba received a five-minute penalty for slashing and a 10-game misconduct, while Dunn received a two-minute penalty for roughing. Trouba has been in trouble before as he received a two-game suspension back in 2017 after a hit to the head of Mark Stone.

  • No lost time on the ice for Washington Capitals forward Richard Panik. The forward was back at practice Sunday with a full face shield after being cut in the lower lip by the stick of New Jersey Devils forward Miles Wood, according to NHL.com’s Tom Gulitti. In fact, Panik said that his lower lip was separated from his gums and required 20 stitches. Fortunately, his teeth are fine.
  • The New Jersey Devils have lost one forward and gained another. NHL.com’s Amanda Stein reports that forward Kyle Palmieri is out Sunday for their game against Tampa Bay. The forward suffered a lower-body injury during Saturday’s game against Washington. He did block a shot off his foot and was reportedly hurting on the bench, but didn’t leave the game. No indication on how serious the injury is, however. The 28-year-old has 16 goals this season. However, the team announced it is expecting to get center Jack Hughes back in the lineup. The 18-year-old has missed five games with an upper-body injury.
  • Toronto Maple Leafs head coach said that the team will be activating forward Andreas Johnsson off of injured reserve and he is expected to take warm-ups before today’s game against Florida and will be a game-time decision, according to TSN’s Mark Masters. The has been out since Dec. 4 with a leg injury and should be able to provide the Maple Leafs with some offensive depth as he has six goals and 16 points through 30 games. The Maple Leafs added that the team has placed defenseman Jake Muzzin on IR to make room for Johnsson. Muzzin has been out with a broken foot since Dec. 27.

Snapshots: Laviolette, Gaudreau, Capitals

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With the first coaching change of the season in the books, speculation has quickly turned to which team will be the next to make a move.  A popular speculative choice has been Nashville as the Predators have won just two of their last ten games and are only two points ahead of last place Los Angeles in the Western Conference.

However, head Peter Laviolette told reporters, including Paul Skrbina of The Tennessean, that he hasn’t been given any indication from management that his job could be on the line or that he feels any extra pressure at all to turn things around.  Considering that the Predators are built to win now though, that could change if their struggles continue and GM David Poile isn’t able to swing a trade to try to shake up the roster first.

Elsewhere around the league:

  • Johnny Gaudreau’s struggles have led some to suggest that the Flames should consider moving the winger. Eric Duhatschek of The Athletic details (subscription required) the reasons why they shouldn’t be doing so, highlighted by the fact that making an in-season deal of that type of magnitude is extremely difficult to pull off while still getting full value in return.  After scoring three times in his first five games, he has just two in 20 contests since then.  Nonetheless, he still sits second on the team in scoring despite his struggles.
  • The Capitals have had to turn to some extreme measures to stay cap-compliant in the early going this season. Eventually, they will need to free up a bit of salary room as they won’t be able to just rely on LTIR the rest of the way.  However, it’s going to be easier said than done.  J.J. Regan of NBC Sports Washington highlights winger Richard Panik and defenseman Nick Jensen as possible candidates given their contracts but also points out the complications for moving both of them.  Panik’s contract (four years at $2.75MM) is a tough one given his lack of production while Jensen would leave them with a hole on the right side of their back end that they can’t fill internally.  Accordingly, whether it’s one of them or someone else, GM Brian MacLellan is going to have a tough decision to make once Carl Hagelin comes off LTIR early next month.

Washington Capitals Place Tyler Lewington On Waivers

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Monday: Lewington has cleared waivers and was assigned along with Travis Boyd to the AHL.

Sunday: The Washington Capitals have placed defenseman Tyler Lewington on waivers, according to the Associated Press’ Stephen Whyno. It could be a precursor towards activating injured forward Richard Panik, who has been out with an upper-body injury and could be eligible to be activated off of LTIR on Monday.

With the Capitals set on defense with their six top defenders, Lewington has become that emergency forward who has just stayed in the press box for more than three weeks. He last played on Oct. 16 while the team was without Michal Kempny. who was still recovering from offseason surgery. Now that he’s back, however, Lewington hasn’t been any use. It could also be stated that even when he did play for five games to start the season, the 24-year-old wasn’t of much use to Washington as averaged just 10:26 in those five games. It’s likely he will clear waivers and be assigned to the Hershey Bears in the AHL.

The only issue with putting Lewington on waivers, assuming the team plans to activate Panik soon, is the team will be left with just six healthy blueliners, something that could be an issue if a player gets hurt. However, with no long road trips coming up in the near future, Washington might be able to get away with just carrying six defensemen for the time being until the Capitals decide which of their 14 forwards needs to be moved out.

Washington Capitals Place Richard Panik On LTIR

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The Washington Capitals are walking a salary cap tightrope this season, meaning that injuries can really complicate things whenever they happen. Today, in order to recall some reinforcements they were forced to place Richard Panik on long-term injured reserve. Panik will have to miss at least ten games with the upper-body injury he suffered against the Toronto Maple Leafs. Jonas Siegenthaler is considered a game-time decision while the team recalled both Travis Boyd and Martin Fehervary with the additional cap space created by the Panik move.

Michal Kempny is also expected to return for the Capitals, who welcome in the New York Rangers tonight. Panik meanwhile will be out at least until mid-November after he collided with Siegenthaler and was forced from Wednesday’s game against the Maple Leafs.

It’s an unfortunate turn for Panik, who was already struggling to find his role in the Capitals offense after signing a four-year contract this summer. The 28-year old has yet to register a single point and actually saw his minutes greatly reduced even before exiting Wednesday’s game. With a $2.75MM price tag, the Capitals were relying on Panik to be a source of secondary scoring this season to replace the outgoing Brett Connolly, but so far nothing has gone right in 2019-20.

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.

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