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Ryan McLeod

Edmonton Oilers Sign Ryan McLeod

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As expected, the Edmonton Oilers have worked out a deal with restricted free agent Ryan McLeod, agreeing to a one-year, $798K contract. It should come as no surprise, given that McLeod was at the facility yesterday to do his medical testing and general manager Ken Holland explained that he would be on the ice today.

McLeod, 23, had little leverage in negotiations as an RFA without arbitration rights, and will end up accepting a deal lower than his qualifying offer. That was always the risk of pushing talks this late into the summer with a team that has very little cap room, but it appears as though McLeod has decided missing training camp or the first part of the season isn’t worth it in this case.

It’s probably a good move in the long run, given the opportunity that McLeod has in front of him. As the most obvious candidate for the third-line center role, he should be able to carve out a place for himself this season and become indispensable to head coach Jay Woodcroft. If he can play solid defense while improving on the nine goals and 21 points his scored as a rookie, there will be plenty of time to work out a more lucrative contract down the road.

By keeping his cap hit low, he can guarantee his spot on the roster as an everyday player and provide some surplus value to a team that has its eye on the Stanley Cup. When more money is available down the road, the young forward (who only turned 23 yesterday), should be able to capitalize.

Oilers Notes: McLeod, Smith, Koekkoek

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There are only a handful of restricted free agents left to sign and it appears as though at least one will come off the board rather soon. Ryan McLeod was at the Edmonton Oilers practice facility to undergo his preseason medical testing, and general manager Ken Holland told reporters including Daniel Nugent-Bowman of The Athletic that he hopes the young forward will be on the ice tomorrow.

McLeod, 23, scored 21 points in 71 games as a rookie last season and was a strong defensive presence in the playoffs, averaging more than 14 minutes a night and adding four points. Selected 40th overall in 2018, his emergence as a legitimate option down the middle of the ice is a huge reason why the Oilers lineup looks deeper than it has in years. Holland expects to sign McLeod to a one-year deal because of cap restraints.

  • The team is currently over the salary cap, but as expected, Mike Smith will join Oscar Klefbom on long-term injured reserve to start the year. Smith took his physical this week and failed, according to Holland, and has now returned to his home in Kelowna. Smith, 40, is heading into the final year of his contract and is not expected to play professional hockey again.
  • Slater Koekkoek, meanwhile, has left the Oilers for a different reason. The 28-year-old defenseman has left the team for the time being to work on his mental health but still has the goal of returning at some point. Holland and the entire organization are in full support of Koekkoek’s decision. In his absence – and that of Cody Ceci, who will miss the first few days with a hamstring strain – the team brought in Jason Demers on a professional tryout.

West Notes: Oilers UFA Possibilities, McLeod, Rookie Faceoff

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The Edmonton Oilers added a quality AHL scorer in Justin Bailey to their organization, bringing him in on a PTO and an AHL deal. That doesn’t mean they’re done adding, though, and The Athletic’s Daniel Nugent-Bowman reports via a team source that the Oilers are considering adding a forward on a league-minimum deal, similar to the contract Ryan Murray recently signed. (subscription link) Per Nugent-Bowman, the Oilers are discussing three players: Zach Aston-Reese, Riley Nash, and Jake Virtanen.

Aston-Reese, 28, is likely the name Oilers fans would most want to see on their roster out of that group of three. Aston-Reese, whose free agency our John Gilroy profiled last month, is a capable defensive winger and someone who could chip in as a safe, reliable bottom-six option. Nash, 33, represents the most experienced option, as he has over 600 NHL games under his belt. Nash split time between the Syracuse Crunch, Tampa Bay Lightning, and Arizona Coyotes last season, and managed to get into eight playoff games on the Lightning’s run to the Stanley Cup Final. The recent not guilty verdict in Virtanen’s sexual assault trial could be the reason why Virtanen’s name is coming up again for NHL opportunities after a year in the KHL. Virtanen, a former top prospect who scored 18 goals in 2019-20, is the player of the three who would likely present the most on-ice upside to the Oilers but also come with his fair share of baggage and controversy.

Now, for some other news from across the Western Conference:

  • The Oilers still have restricted free agent Ryan McLeod left to sign, and Nugent-Bowman reports that the deal should come around a $975K cap hit. That’s a relatively small cost, but since the Oilers have little cap space to work with the deal hasn’t been completed yet. Per Nugent-Bowman, the “inability to make a trade” involving one of the Oilers’ higher-priced players such as Tyson Barrie, Jesse Puljujarvi, or Warren Foegele has held up the progress on finalizing McLeod’s deal.
  • We recently covered how the San Jose Sharks would be hosting a tournament for prospects from six NHL teams. Today, each of those six teams (the Sharks, Kings, Ducks, Coyotes, Avalanche, and Golden Knights) announced their rosters for the camp. There are quite a few notable names to look forward to at that tournament, including first-round picks Quinton Byfield, Mason McTavish, William Eklund, Conor Geekie, Oskar Olausson, and Brendan Brisson, among others.

Snapshots: McLeod, Red Wings, Boudreau

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With the Oilers having minimal cap flexibility (as it is, they likely need to clear money), Kurt Leavins of the Edmonton Journal believes that RFA center Ryan McLeod will ultimately be forced to take a one-year contract.  The 22-year-old had 21 points in 71 games last season but doesn’t have much leverage on his side as it’s unlikely he’ll be offer-sheeted while the bulk of his NHL experience is from 2021-22.  Accordingly, Leavins posits that a one-year agreement might check in just above the league minimum which would help Edmonton’s cap situation but also give him arbitration rights next summer.

Elsewhere around the hockey world:

  • The Red Wings have invited prospect Ivan Ivan to rookie camp, the youngster confirmed to Bob Duff of Detroit Hockey Now. The 20-year-old went undrafted back in July despite a strong season with Cape Breton of the QMJHL where he had 31 goals and 34 assists in 65 games.  Ivan most recently suited up for the Czechs at the World Juniors last month and is eligible to play in the pros this season so even if he can’t earn an entry-level contract with Detroit, an AHL deal could still be a possibility.
  • Last season, Bruce Boudreau was the toast of the town in Vancouver as the new bench boss nearly led the Canucks to an improbable playoff appearance. Despite that, Adam Proteau of The Hockey News posits that the head coach is squarely on the hot seat for 2022-23.  The team is clearly in win-now mode and has returned its core from last season with a couple of additions and he wasn’t picked by current management as he was installed behind the bench before Patrik Allvin took over as GM.  Allvin declined to offer a contract extension after the season so Boudreau instead will coach on the final year of his deal.  Those factors will certainly put pressure on him early and often.

Classifying The Remaining Restricted Free Agents

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When the calendar flips to September, it’s time to start paying some attention to who’s left unsigned in restricted free agency.  Usually at this point, two months have elapsed since the start of free agency (it’s six weeks this summer) which is typically more than enough time to get a deal done.

There are currently 13 remaining RFAs that haven’t signed elsewhere for next season.  As is usually the case, those players can be grouped into a few tiers which are as follows.

Star Players

Jason Robertson (Dallas)

Generally speaking, there are usually more players in this group at this time but the 23-year-old is the only star player in need of a new deal.  He’s coming off a 41-goal campaign that has the asking price justifiably high – team owner Tom Gaglardi acknowledged it’s in the $7MM range.  The Stars would likely prefer to do a long-term deal that buys out some UFA years but that could push the AAV past $9MM and they don’t have the cap space to do that.  At this point, what GM Jim Nill does or doesn’t do on the trade front might dictate what ultimately happens with Robertson; if they can free up some money, a long-term agreement becomes palatable but otherwise, it’ll almost certainly be a bridge contract.

Underachieving Former First Rounders

Erik Brannstrom (Ottawa), Kirby Dach (Montreal), Barrett Hayton (Arizona), Rasmus Sandin (Toronto)

Dach and Hayton were both top-five picks in their respective draft classes but have yet to show the type of offensive consistency to put them in the category of core players.  Dach was traded to Montreal at the draft after a quiet season that saw him put up nine goals and 26 points, both career-highs.  Despite that, it appears that the Canadiens are at least pondering a medium-term agreement that would run for four years but still leave him RFA-eligible at the end.  Something a little shorter in the $2.5MM range is also an option.  Hayton has just this last season in terms of being a regular under his belt and could fit in a different category than this but his performance relative to draft stock has been concerning.  He’s a prime candidate for a bridge contract and with fewer than 100 NHL games under his belt, he simply doesn’t have the leverage to command anything longer.  A two-year deal around the $2MM range should be where his deal falls.

As for Brannstrom, he was billed as an offensive defender but has yet to be able to produce with any consistency since joining Ottawa back in 2019.  He has just two career goals in 116 career games but that hasn’t stopped his camp from seeking a multi-year agreement in negotiations which are likely playing a role in this delay.  Sandin could also fit in a different category but the 2018 first-rounder has exhausted his waiver exemption and doesn’t appear to be a fit in their top six next season.  His agent recently bemoaned the lack of progress in negotiations.  Teammate Timothy Liljegren’s two-year bridge deal that has a $1.4MM AAV seems like a reasonable comparable but with playing time being a potential concern, might Sandin be looking for more certainty before putting pen to paper on a new deal?

Young Regulars

Michael Anderson (Los Angeles), Alex Formenton (Ottawa), Nicolas Hague (Vegas)

Formenton played his first full NHL season in 2021-22 and it was a good one as the 22-year-old speedster chipped in with 18 goals and 14 assists in 78 games.  The Sens have ample cap space this coming season so there are some options beyond the bridge contract.  If GM Pierre Dorion thinks that Formenton is part of their long-term core, a longer-term pact that buys out a UFA year or two in the $3.5MM range might be a better way for them to go.

Hague has done well in a limited role on the back end for the Golden Knights over the past two seasons and is coming off a year where he logged close to 19 minutes a night.  They’ve already spent most of the LTIR ‘savings’ so Vegas isn’t in a spot to give him a long-term deal.  But is Hague better off taking a one-year contract that would be below market value to acquire arbitration eligibility next summer?  Such a deal would be in the $1.25MM range with the promise of a better payout later on.  Otherwise, a bridge pact that’s closer to $2MM is probably in the cards.  Anderson has logged over 20 minutes a night for the Kings for the last two years but doesn’t have the offensive numbers to support a pricey bridge deal.  Los Angeles’ cap space is quite limited so, like Hague, a one-year deal in the $1.25MM range might be where they wind up settling.

Not Fully Established

Sean Durzi (Los Angeles), Ryan McLeod (Edmonton)

McLeod figures to be a part of the long-term plans for the Oilers after a promising rookie campaign but doesn’t have much leverage at this point.  Edmonton’s issue here is cap space as they’re already in a spot where they need to clear money out.  If they can move someone out, a multi-year bridge contract becomes their preferred route but otherwise, he’s a strong candidate for a one-year deal around that $1.25MM threshold as well, perhaps a tad below that.

Durzi quietly put up 27 points in 64 games last season but it’s his only taste of NHL action so the track record isn’t strong enough to command a sizable contract.  A two-year bridge deal makes a lot of sense for him as a repeat performance over that stretch would have him well-positioned to seek $4MM or more two summers from now.  However, with the cap situation for the Kings, they might be forced to push for the one-year, ‘prove it’ contract that would fall in the same range as Anderson.

What’s The Holdup?

Cayden Primeau (Montreal), Adam Ruzicka (Calgary), Parker Wotherspoon (NY Islanders)

Ruzicka played in 28 games last season for the Flames and did reasonably well with ten points but it’s not as if he’s in a position to command a sizable raise.  He’s waiver-eligible but not a guarantee to be claimed if he passes through.  The holdup might be along the lines of making next season a one-way or two-way contract with any subsequent season(s) being a one-way agreement.  Even so, it’s odd this is taking so long.

Wotherspoon’s presence on here is arguably the most perplexing of the bunch.  He opted to not file for salary arbitration which would have gotten him signed weeks ago.  He has cleared waivers in each of the last two seasons and has yet to play an NHL game.  Haggling over NHL money would be pointless as a result so accordingly, it’s safe to suggest his NHL pay would be $750K.  At this point, AHL salary or guaranteed money is the only sticking point.  In all likelihood, the gap probably can’t be more than around $25K which is a pretty small one to justify being unsigned this long.

Primeau is coming off a strong showing in the AHL playoffs but struggled mightily in limited NHL action with the Canadiens last season.  Even so, he’s viewed as their potential backup of the future as soon as 2023-24 when he becomes waiver-eligible.  This is a contract that should be a two-way pact next season and then one-way after that as a result and there are enough of those comparable contracts around the league for young goalies that the general framework should basically have been in place before talks even started.  As a result, this is another case that feels like it should have been resolved weeks ago.

There’s still plenty of time to work something out with training camps still a couple of weeks away and several of these players should come off the board by then but there will likely be a handful still unsigned when camps get underway.

Photo courtesy of USA Today Sports Images.

West Notes: McLeod, Jets, Lambert

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The Oilers have one remaining restricted free agent to re-sign in Ryan McLeod.  Speaking with 630 CHED (audio link), GM Ken Holland indicated that they expect to have the center signed by training camp on either a one-year or two-year deal.  The 22-year-old spent most of last season with Edmonton, picking up 21 points in 71 games plus four more in 16 playoff contests.  McLeod didn’t have salary arbitration rights so these talks could drag out closer to training camp.  With the Oilers being pretty tight to the cap even after factoring in their LTIR-eligible players, getting McLeod signed for cheap will be critical so it wouldn’t be surprising if he ultimately settles for a one-year pact to keep the AAV as low as possible next season.

More from the Western Conference:

  • The Jets showed interest in forward Calle Jarnkrok earlier this summer, even offering him more money than he ultimately accepted from Toronto, reports Sportsnet’s Ken Wiebe. The 30-year-old is coming off a quiet finish to his season with Calgary but his track record of being a capable and versatile third-liner would have helped him fit in quite well with Winnipeg.  The Jets are one of the few teams that still have some money to spend this offseason – they have over $6MM in cap space per CapFriendly – so while they didn’t add Jarnkrok, they will certainly be adding a player or two in the coming weeks.
  • Still with the Jets, after missing pre-tournament games for Finland, prospect Brad Lambert will be available for the start of the World Juniors, reports Corey Pronman of The Athletic (Twitter link). The 18-year-old slipped to 30th overall in the draft last month after being touted as a likely top-ten selection not all that long ago.  Meanwhile, Lambert told Petteri Ikonen of Helsingin Sanomat that a decision on where he will play next season will be made next month during training camp.  His contract with Pelicans in Finland is now up although he could sign a new one there.  Alternatively, the Seattle Thunderbirds of the WHL hold his major junior rights while Lambert is eligible to play in the minors as well.

Edmonton Oilers Facing Salary Cap Overage

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With the conclusion of the regular season, we can now begin to see the final numbers on performance bonuses in player contracts from the 2021-22 season. Two of these bonus figures will end up posing a small issue for the Edmonton Oilers, who owe $896K in performance bonuses to Evan Bouchard and Ryan McLeod (link). Bouchard, who just finished the second year of his three-year entry-level contract, earned $850K in performance bonuses this year for goals, assists, points, and points-per-game. McLeod, who is in the final year of his entry-level contract, earned $46K out of a maximum $57.5K games played bonus. Altogether, Edmonton owes an additional $896K, which counts against the salary cap.

Because the Oilers finished over the salary cap by using LTIR, the entire $896K will now count against next season’s salary cap for Edmonton. While this number may not seem like much at all, the NHL is currently in a flat salary cap period, and therefore every dollar counts. With the salary cap for the 2022-23 season at $82.5MM, Edmonton has already committed just over $70.2MM in salary for next season, and just under $4.3MM of it belongs to James Neal, Andrej Sekera, and Milan Lucic – none of whom play for the team any longer.

The $12MM Edmonton has in remaining cap space may also seem like a comfortable margin, but factoring in their six UFAs, including defensemen Kris Russell and Brett Kulak, who have become key pieces that could each earn a raise next season over their $1.25MM and $925K cap hits respectively, and forward Evander Kane who has rebounded nicely since signing with the club in January, their situation becomes a bit more tight. The Oilers also have three pending RFAs in Jesse Puljujarvi, Kailer Yamamoto, and McLeod, each likely due at least a modest raise (the two former each made $1.175MM this season).

Edmonton is not exactly in a dire cap situation this offseason, having their core, including two of the best players of their generation, signed long-term for the most part. However, their situation, especially in a flat-cap, is an example of how even the most seemingly harmless of concerns, like an $896K bonus overage, can have a ripple effect for the organization and its offseason planning.

Ryan McLeod, Devin Shore Placed In COVID Protocol

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Dec 16: McLeod has now been joined by Devin Shore, who has also been placed in the protocol. Of note, Shore played on Tuesday against the Maple Leafs, though he logged just over eight minutes.

Dec 14: Over the past two days, the league has seen two dozen players enter the COVID protocol. Ryan McLeod is the latest, as the Edmonton Oilers have announced the young center will not be available for tonight’s game.

Once again, this is a case of a team that played the Carolina Hurricanes over the weekend announcing a protocol addition, just like the Vancouver Canucks and Calgary Flames. The latter of those teams is in a full shutdown after nine players were ruled out, while the Hurricanes won’t play tonight after six members are now in the protocol. All three Western Canadian teams also played the Boston Bruins, who added Craig Smith and Brad Marchand to the protocol today.

For now, it appears as though McLeod is the only Oilers player who will be held out, but with Zach Hyman also out tonight, Edmonton won’t have their best lineup in against the Toronto Maple Leafs. The 22-year-old McLeod has played in 18 games so far this season, scoring three goals and averaging a little less than 11 minutes a night. That ice time has been up recently, but now faces a potential quarantine of at least ten days. The team did not confirm whether or not McLeod has tested positive; reports, including one from Mark Spector of Sportsnet suggest that he has. Frank Seravalli of Daily Faceoff tweets that he may not be alone, as there is a potential positive case on the coaching staff as well.

If he experiences any symptoms he’ll miss a minimum of ten days, which would mean all six games scheduled before the Christmas break. At this point though, schedules are incredibly uncertain as a new wave of infections sweeps through the league.

North Notes: Senators Goalies, Scheifele, Oilers

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The Ottawa Senators seem to be running short on goaltenders. That became apparent Saturday when scheduled starter Anton Forsberg suffered an injury during warmups, forcing Matt Murray into net against the Canucks. However, Murray got tangled up with Jake Virtanen early in the second period and was forced to leave the game himself, leaving Marcus Hogberg as the only remaining goaltender.

In a unusual scare, Hogberg and Nikita Zaitsev collided within 10 seconds of Hogberg’s appearance in the game, scaring the coaching staff. Hogberg was OK and finished out the game, but with no emergency backup goalie in place due to COVID-19 restrictions, who would have taken Hogberg’s place had he been injured?

The Athletic’s Ian Mendes (subscription required) writes that while the team did consider goaltending coach Zac Bierk, but the team settled on putting the pads on Artem Anisimov, who was on the taxi squad, instead.

Murray is considered day-to-day with a lower-body injury.

  • Much of the Winnipeg Jets season could find itself in the reaction of center Mark Scheifele, who was benched in the middle of Saturday’s game against the Toronto Maple Leafs. Scheifele was benched for 17 minutes during the second and third periods while being on the ice during John Tavares’ goal, which gave the Maple Leafs a two-goal advantage. Sportsnet’s Ken Wiebe writes that the team needs Scheifele to be at his best and the benching on national TV was meant to make a point. However, it is up to Scheifele and how he will respond. He was given a chance to return to the ice in the third period and performed well, according to Wiebe, although the star did not speak to the press after the game.
  • Edmonton Oilers head coach Dave Tippett said that defenseman Dmitry Kulikov is expected to make his Oilers’ debut on Monday, according to Sportsnet’s Jack Michaels. Kulikov was acquired at the trade deadline for a conditional 2021 fourth-round pick and has sat out the mandatory quarantine period. Tippett added that rookie Ryan McLeod has also completed his quarantine period since being recalled from the Bakersfield Condors of the AHL. The coach said McLeod was likely to play on Monday as well at the center position. The 21-year-old had 14 goals and 28 points in 28 AHL contests.

North Notes: Canadiens, Foligno, Hutton, McLeod

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Despite being lauded for his trade deadline moves, Montreal Canadiens general manager finds that his team is struggling, much because of the team’s sudden roster inflexibility. The team has already used up all but one of their post-deadline recalls, bringing up Xavier Ouellet, Alexander Romanov and Paul Byron immediately after making the trades to acquire Jon Merrill and Erik Gustafsson as well as putting defenseman Victor Mete on waivers (and losing him to Ottawa). Most of these moves were made to accommodate the loss of Mete and the pending additions of Merrill and Gustafsson, both who have to quarantine for seven days before being able to join the team.

Now, with just one recall remaining and quite a few games left to go this season, head coach Dominique Ducharme doesn’t have many options to make roster moves, according to The Athletic’s Arpon Basu (subscription required). One significant issue the team could address is the sudden poor play of Eric Staal. Despite scoring the game-winning goal in his debut, Staal has struggled in the seven games he’s played since, scoring no points with just seven shots and boasting a minus-eight plus/minus. However, the team doesn’t have the ability to replace him in the lineup for a game or two with energy-man Jake Evans, who currently is sitting on the taxi squad since they are not ready to use their final recall.

That leaves the team with multiple roster issues for the next few weeks until the team is ready to spend their final recall.

  • Toronto Sun’s Lance Hornby writes that Toronto Maple Leafs’ newly acquired Nick Foligno and Ben Hutton will have their seven-day quarantine expire in a couple of days. However, it remains unknown whether either player would join the team for their five-game road trip that starts today due to their quarantine as well as the recent COVID-19 breakout that forced the postponement of three Toronto Marlies’ games. Of course, getting both Foligno and Hutton into the Toronto lineup so both can pick up their system is crucial.
  • The Edmonton Journal’s Kurt Leavins writes that the Edmonton Oilers have another internal candidate they should consider when it comes to boosting their offense: Ryan McLeod. The 2018 second-round pick has had a great season in the AHL so far with 14 goals and 28 points in 28 games. At $834K and the ability to play center, he could be a valuable chip for the team as the playoffs approach.

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