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Salary Cap

Evening Notes: Zadorov, Giordano, Hyman

November 28, 2023 at 9:04 pm CDT | by Josh Cybulski 4 Comments

ESPN’s Kevin Weekes is reporting that there remains a lot of interest in Calgary Flames defenseman Nikita Zadorov. Among the teams interested are the Dallas Stars, Toronto Maple Leafs, New York Islanders, New Jersey Devils, and fresh off their cap-clearing trade, the Vancouver Canucks.

Zadorov requested a trade a few weeks ago and at the time his agent Dan Milstein had hoped for a quick resolution although one has yet to be reached. Trades have proven difficult this season due to so many teams being within a million dollars of the NHL salary cap ceiling. The Flames have reportedly told Zadorov that they are willing to move him but will be patient in the process as they wait for the right deal to come along.

Zadorov has a goal and five assists in 21 games so far this season while averaging over 18 minutes a night in ice time.

In other evening notes:

  • The Toronto Maple Leafs have announced that defenseman Mark Giordano will not return to tonight’s game due to an upper-body injury. It is unclear when Giordano sustained the injury as he had a shot on goal during his final shift and then remained on the ice until the Florida Panthers scored their first goal. The Maple Leafs’ defense core has been decimated by injuries which has forced Giordano to play in an elevated role after starting the season on the third pairing. The 40-year-old has a goal and four assists in 20 games this season and has an average 18:28 of ice time per game.
  • The Edmonton Oilers have announced that forward Zach Hyman won’t dress for tonight’s game against the Vegas Golden Knights due to an undisclosed illness. Hyman was a full participant in the team’s morning skate today taking his usual spot on the team’s top line but was not well enough to play this evening. Mattias Janmark was elevated into Hyman’s role alongside Connor McDavid and Ryan Nugent-Hopkins which also opened a spot for Sam Gagner to be reinserted into the lineup. Hyman has been one of the Oilers’ most consistent players with 12 goals and 10 assists in 20 games this season.

Calgary Flames| Edmonton Oilers| Toronto Maple Leafs Connor McDavid| Mark Giordano| Nikita Zadorov| Ryan Nugent-Hopkins| Salary Cap| Sam Gagner| Vegas Golden Knights| Zach Hyman

4 comments

Chicago Blackhawks Acquire Anthony Beauvillier

November 28, 2023 at 7:31 pm CDT | by Josh Cybulski 15 Comments

Elliotte Friedman of Sportsnet is reporting that the Chicago Blackhawks are expected to acquire forward Anthony Beauvillier from the Vancouver Canucks. Friedman believes that the Canucks will receive a fifth-round pick in return from Chicago in return. The Canucks have been desperate to free up cap space and have been reportedly shopping Beauvillier for weeks but haven’t been able to make a move until today.

The Blackhawks were looking for depth after Taylor Hall went down for the season due to injury and Corey Perry’s contract was terminated earlier today. Beauvillier’s cap hit is just a tick higher than Perry’s at $4.15MM, none of which was retained in this trade. He is in the last year of his deal, meaning that Chicago isn’t making a long-term commitment by acquiring the 26-year-old.

For his part, Beauvillier has been a solid contributor throughout his NHL career, although he has become overpaid in recent seasons due to the flat salary cap. He had a career-high 40 points last season scoring 18 goals and 22 assists in 82 games. Over the past six seasons, Beauvillier has remained consistent, posting at least 28 points in each season.

For the Canucks, they unburden themselves from an expensive contract for the remainder of this season and gain some much-needed breathing room under the salary cap. The Canucks desperately need help on their blue line and will likely take those savings to try and find some help on the back end

Chicago Blackhawks| Vancouver Canucks Anthony Beauvillier| Corey Perry| Elliotte Friedman| Salary Cap| Taylor Hall

15 comments

Elias Pettersson Still In No Rush To Sign Contract Extension

November 23, 2023 at 7:52 pm CDT | by Josh Cybulski 4 Comments

TSN Insider Chris Johnston is reporting that pending restricted free agent Elias Pettersson still doesn’t appear to be in any rush to sign a contract extension with the Vancouver Canucks. Pettersson is under Canucks control for one more season after this one and Johnston wonders if Pettersson might elect to go to arbitration with the club and accept a one-year contract, or take a qualifying offer which would come in north of $8MM.

While that news might not sit well with Canucks fans, it appears that Pettersson’s logic for the holding pattern might be to try and get a better sense of where the NHL salary cap ceiling is going before he puts pen to paper on a long-term deal.

The 25-year-old is off to a terrific start this season with eight goals and 20 assists in 20 games for the surprising Canucks who currently sit second in the Pacific Division with a 13-6-1 record. Many thought that Pettersson could be in a holding pattern to see what the future of the Canucks looked like before signing a new deal, but 20 games into the season it doesn’t appear as though the Canucks hot start has moved the needle for Pettersson.

The native of Sundsvall, Sweden is coming off a season in which he registered 39 goals and 63 assists in 80 games and is currently on pace for a 114-point season should he dress in all 82 games this year. It appears the longer Pettersson waits, the higher his price is going to climb, barring an injury or a massive slump at some point this season.

The Canucks are in a reasonably good salary cap situation beyond this year, and it shouldn’t be an issue fitting in a cap hit that is at or around the $10MM per season that Pettersson is sure to be seeking on a long-term deal. But until he signs that deal, there is sure to be a cloud of doubt surrounding Pettersson’s long-term future in Vancouver.

Arbitration| NHL| Vancouver Canucks Elias Pettersson| Salary Cap

4 comments

Latest On Conor Garland Trade Market

October 18, 2023 at 8:32 pm CDT | by Josh Cybulski 1 Comment

Sportsnet’s Elliotte Friedman reported today on the 32 Thoughts podcast that he believes that Luke Schenn’s injury will lower the probability that the Nashville Predators get involved in the Conor Garland sweepstakes. Friedman theorizes that the Canucks’ desired return for Garland could be defenseman Dante Fabbro, but given the injury to fellow defenseman Schenn, the Predators will likely have less of an appetite to make the move.

The Predators announced this morning that Schenn would be out 4-6 weeks with a lower body injury leaving Nashville a man short on the back end and unlikely to further deplete their defense core. The Predators have a need at forward, but given Friedman’s words, it appears that they don’t want to create a hole to fill another one.

For the Canucks, the injury could remove one potential suitor for the 27-year-old Garland from a trade market that already favors the buyer. The NHL Network’s Kevin Weekes reported today that the Canucks are willing to retain around 30% of Garland’s cap hit for the remaining two years, a step that may be necessary to move the player in a difficult trade market that has so many teams within $1MM of the salary cap ceiling.

The Canucks appear to be hopeful that they can clear some cap space with the Garland move to facilitate other transactions and give the team some much-needed salary cap flexibility. But, unless another team has an early season injury to a winger, the Canucks may need to be patient and wait until the trade deadline when teams will have more flexibility under the cap. The Canucks have been proactive in their approach and gave Garland’s agent permission to seek a trade to another, but nothing has materialized at this time.

Garland’s playing time has been down significantly to start the season as he has averaged just 11:34 of ice time through the first three games of the season, down substantially from the 15:16 of ice time he has averaged throughout his six-year career. The native of Scituate, Massachusetts, has posted 84 goals and 111 assists in 325 NHL games and has been difficult to play against throughout his career, despite being undersized.

Vancouver Canucks Conor Garland| Dante Fabbro| Elliotte Friedman| Luke Schenn| Salary Cap

1 comment

Morning Notes: Benn, McGinn, Benoit

October 14, 2023 at 9:37 am CDT | by Josh Cybulski Leave a Comment

Former Toronto Maple Leafs defenseman Jordie Benn has signed a one-year contract to play for Brynäs IF in the second-tier Swedish league HockeyAllsvenskan. Brynäs IF had been in the top tier SHL for 63 years until they were relegated at the end of last season. The 36-year-old elder brother of Jamie Benn had been on a PTO with the Dallas Stars but was cut earlier this week.

The veteran of 607 NHL games spent last season with the Toronto Maple Leafs but dressed in just 12 NHL games registering a goal and an assist. Benn spent much of last year in the AHL with the Toronto Marlies where he posted two goals and four assists in 23 games while providing a veteran presence to the Marlies’ younger players. Benn was apparently close to signing with Brynäs IF earlier this summer but elected to take the Stars PTO to see if he could hang on to an NHL roster spot. Given Benn’s age and current skillset, it could be very likely that he has played his last game in the NHL.

In other morning notes:

  • CBS Sports is reporting that Anaheim Ducks forward Brock McGinn has been placed on injured reserve effective October 13th. The move means that the earliest McGinn can return from his lower body injury is October 21st. McGinn had been on a day-to-day timeline with the injury but was downgraded yesterday and will likely be replaced in the lineup by recent waiver claim Ross Johnston. McGinn was acquired at the 2023 trade deadline along with a third-round pick in exchange for defenseman Dmitry Kulikov. He is expected to be a regular in the Ducks lineup despite his struggles in recent seasons. Last year McGinn posted 12 goals and seven assists in 75 games and was essentially a cap dump for the Penguins as he still has another year on his contract after this season at a cap hit of $2.75MM.
  • The Toronto Maple Leafs announced that they’ve recalled defenseman Simon Benoit for the second time this week. This comes on the heels of the club loaning Benoit to the AHL Toronto Marlies just two days ago. The moves are of little financial consequence to Benoit as he is on a one-way contract and is paid $775K regardless of whether he plays in the NHL or AHL. Benoit is certainly capable of playing in the NHL having dressed in 78 games last season with the Anaheim Ducks where he posted three goals and seven assists. However, given the Maple Leafs precarious salary cap situation he could find himself shuffled back and forth between the NHL and AHL throughout the season as the team tries to maximize salary cap space.

Anaheim Ducks| Toronto Maple Leafs Brock McGinn| Dmitry Kulikov| Jamie Benn| Jordie Benn| Ross Johnston| Salary Cap| Simon Benoit

0 comments

Philadelphia Flyers Willing To Take On Salary

October 10, 2023 at 9:12 pm CDT | by Josh Cybulski 11 Comments

Anthony Di Marco of The Fourth Period is reporting that the Philadelphia Flyers are prepared to weaponize their cap space to acquire additional assets. The Flyers begin today with less than $1MM in salary cap space, a number that would translate to roughly $3.9MM at the NHL trade deadline. Now that number might not seem significant, but the Flyers can easily free up over $6MM by placing defenseman Ryan Ellis on LTIR, something they’ve been hesitant to do thus far, but are willing to do to make a trade work.

After years of being slammed up against the salary cap, the Flyers have finally created roster and salary cap flexibility after a summer in which they moved on from veterans Kevin Hayes, Tony DeAngelo, and Ivan Provorov. General Manager Daniel Briere seems fully committed to rebuilding the Flyers and appears willing to take on undesirable contracts in exchange for future assets.

Sportsnet’s Elliotte Friedman reported just two weeks ago that the Flyers were open to taking on Ottawa Senators forward Mathieu Joseph and his $2.95MM cap hit in exchange for a high prospect or a first-round pick, something Ottawa appears uninterested in entertaining. However that could change if they start the season slow without their second and third-line centres.

While a Joseph deal hasn’t materialized the Flyers will likely have their pick of suitors as the flat cap has created a financial landscape in which 19 NHL teams are within $1MM of the salary cap ceiling (including Philadelphia). There are a lot of teams that see themselves as Stanley Cup contenders who will be hard-pressed to make in-season improvements unless they can move out some salary, this is where the Flyers cap space could be leveraged to acquire assets.

The Flyers are early in their rebuild and are at least three or four years away from turning the corner. With that in mind, any contract they take on will probably fall into the one to three-year range similar to the contract they acquired with Cal Petersen. Philadelphia has several of their own undesirable contracts as well as over $5MM in dead cap space for the next few seasons in the DeAngelo buyout and the retained salary on Hayes.

Philadelphia Flyers Cal Petersen| Daniel Briere| Elliotte Friedman| Ivan Provorov| Kevin Hayes| Mathieu Joseph| Ryan Ellis| Salary Cap

11 comments

Panthers Notes: Ekblad, Sourdif, Bennett

October 10, 2023 at 6:28 pm CDT | by Josh Cybulski Leave a Comment

PuckPedia tweeted that the Florida Panthers made a move today to officially place star defenseman Aaron Ekblad on the long-term injured reserve. The transaction has been months in the making, but the Panthers officially completed the paperwork today. Ekblad is expected to miss at least the first month of the season as he recovers from offseason shoulder surgery.

The move gives the Panthers some breathing room under the salary cap allowing them to facilitate other moves. Florida will be without Ekblad and fellow defenseman Brandon Montour for quite some time which could lead to expanded roles for Gustav Forsling and newcomer Oliver Ekman-Larsson.

One note on LTIR is that once a player is placed on it, they must miss at least ten games and 24 days, which means the earliest Ekblad could return is the first week of November.

The 2014 first-overall pick saw his numbers dip last season as the Panthers marched to the Stanley Cup finals. And with the root cause of his injury unknown, one might wonder if a fully healthy Ekblad could be ready for a monster bounce-back season.

In other Panthers notes:

  • The Panthers announced that they have recalled forward Justin Sourdif from the Charlotte Checkers of the AHL. The recall comes mere hours after the team assigned the 21-year-old to the AHL along with veterans Zac Dalpe and Casey Fitzgerald. The Richmond, British Columbia native posted seven goals and 17 assists as a rookie last season in the AHL, dressing in 48 games. The Panthers open the regular season against the Minnesota Wild on October 12th.
  • Panthers forward Sam Bennett may be back in Florida’s lineup sooner than later as David Dwork of The Hockey News is reporting that the team is toying with the idea of bringing Bennett on their upcoming road trip. The 27-year-old has been ruled out of their season opener on Thursday but may travel with the team as they head up to Winnipeg for a game on Saturday and New Jersey next Monday. Bennett was seen in a walking boot on October 7th after being injured in a preseason game on October 5th, however, the injury doesn’t appear as severe as first reported.

Florida Panthers| Sam Bennett Aaron Ekblad| Brandon Montour| Casey Fitzgerald| Charlotte Checkers| Gustav Forsling| Justin Sourdif| Oliver Ekman-Larsson| Salary Cap| Sam Bennett| Zac Dalpe

0 comments

Matt Murray Undergoes Successful Surgery

October 9, 2023 at 9:48 am CDT | by Josh Cybulski 6 Comments

Sportsnet is reporting that Toronto Maple Leafs netminder Matt Murray has undergone successful bilateral hip surgery and is expected to miss between six and eight months. This likely means he will miss the entire 2023-24 NHL season. Murray was acquired from the Ottawa Senators in July 2022 along with a third-round pick in exchange for a seventh-round pick and future considerations. It was essentially a salary cap dump at the time by the Ottawa Senators, who retained over $1.5MM of Murray’s $6.25MM cap hit.

The former two-time Stanley Cup champion has fallen on hard times in recent years as his health has kept him out of the lineup for extended periods of time in each of the past five seasons. Murray hasn’t played more than 30 games in a season since the 2019-20 season when he was a member of the Pittsburgh Penguins. When he has been available to play, he hasn’t been able to match the levels of play that made him a Stanley Cup champion in 2016 and 2017. Murray hasn’t posted a goals-against average below 3.00 since 2019-20 and has seen his save percentage hover around .900 since 2018-19.

Murray has has struggles with his health for a long time now and one must wonder if he will be able to overcome his latest setback and get back into an NHL lineup. The Thunder Bay, Ontario native has never been able to capture the magic that he put on display early in his career and has seen his stock tumble to the point of being a cap dump last summer.

Murray appeared to be on the cusp of superstardom in 2017 when the Penguins elected to keep him over franchise icon Marc-Andre Fleury who was taken by the Vegas Golden Knights in the expansion draft. The Penguins had signed Murray to a three-year extension at the time and thought they had an elite netminder that could lead them to more Stanley Cups. Unfortunately, Murray’s play flatlined and he was unseated as the starter by Tristan Jarry. He was then dealt to the Senators in 2020 and signed to an extension in a move that proved disastrous for Ottawa.

Toronto Maple Leafs Marc-Andre Fleury| Matt Murray| Salary Cap| Tristan Jarry| Vegas Golden Knights

6 comments

Sabres Sign Rasmus Dahlin To Eight-Year Deal

October 9, 2023 at 7:10 am CDT | by Josh Cybulski 15 Comments

The Buffalo Sabres kicked off the week by announcing a highly anticipated eight-year extension with star defenseman Rasmus Dahlin. The long-term deal will begin in the 2024-25 season and will carry run until 2032. The Sabres have now locked up a core piece of their back end through the bulk of his prime as Dahlin will be 32 years old when this extension expires. Early indications are that the deal will carry an $11MM AAV.

The $88MM extension will be tied for the second-highest cap hit among defensemen with Los Angeles Kings defender Drew Doughty. Their salary cap hits trail only Erik Karlsson and his $11.5MM price tag. It’s a big price to pay for the Sabres as it puts Dahlin into another salary stratosphere alongside two defensemen who have arguably failed to live up to their large salaries. The key difference between Doughty/Karlsson and Dahlin is that the Sabres are locking up the 23-year-old through his entire prime. While Doughty and Karlsson are still terrific players, they were paid largely for past performances.

Dahlin had a career year last season posting 15 goals and 58 assists in 78 games all while logging 25:48 of ice time a night. He finished fifth among NHL defensemen with 73 points, one of the highest scoring rankings ever by a Sabres defenseman. On the defensive side of things, the 2018 first-overall pick finished second on the Sabres in hits and led the team in blocked shots, a testament to his improved defensive capabilities that finally seem to be catching up to his elite offensive ability.

Many skeptics will point to the $11MM AAV and call the deal an overpay for the Sabres, and at first glance, it does seem steep. The closest comparable to Dahlin’s deal would be Charlie McAvoy’s eight-year deal with a $9.5MM cap hit that was signed in October 2021, or the eight-year deal that Mikhail Sergachev signed in July 2022 that carries an $8.5MM cap number. Those deals, while both massive bargains today, were signed at a time when the offensive upside of both players was more of an unknown. Prior to signing his eight-year deal, Sergachev had topped 40 points only once in his career, while McAvoy had never topped 32 points when he signed his long-term extension. Dahlin is in a different category as he has averaged well over 40 points a season and is now rounding into form defensively.

Critics might also point to Jake Sanderson’s recent extension for $8MM per year with the Ottawa Senators, but again the context is important to understand Dahlin’s deal. Sanderson has one season of NHL experience, while Dahlin has five. Sanderson posted 32 points last season, while Dahlin has routinely posted over 40 points a season. Dahlin’s contract is also buying out more unrestricted free-agent seasons, which typically cost more than restricted free-agent seasons.

With Dahlin’s long-rumored extension finally complete, Dahlin now joins Dylan Cozens, Tage Thompson, and fellow defenseman Mattias Samuelsson – all of whom signed long-term extensions since the start of last season. The Sabres are expected to compete for a playoff spot this season as they finally emerge from a long rebuild.

Photo courtesy of USA Today Sports.

Buffalo Sabres| Newsstand Charlie McAvoy| Drew Doughty| Dylan Cozens| Erik Karlsson| Jake Sanderson| Mattias Samuelsson| Mikhail Sergachev| Rasmus Dahlin| Salary Cap| Tage Thompson

15 comments

Who Will Be The NHL’s Next Highest Paid Player?

September 7, 2023 at 1:59 pm CDT | by Josh Cybulski 15 Comments

Auston Matthews recent extension with the Toronto Maple Leafs has earned him the title of highest-paid player in the NHL. His new deal doesn’t kick in until 2024-25, but at that point, he will make an average annual salary of $13.25MM (CapFriendly) per season for four years. Prior to his new deal, Matthews was the fourth highest-paid player in the game behind Nathan MacKinnon, Connor McDavid and Artemi Panarin.

MacKinnon’s new eight-year $100.8MM deal kicks in this season which will make him the highest-paid player in the league at $12.6MM for this year. His actual salary is much higher than his cap hit at $16.5MM, but the final four years of his deal will back-dive to $9.9MM in salary. McDavid has three years left on his current deal with a cap hit of $12.5MM while Panarin’s deal also concludes in three seasons and pays him $11.642MM annually.

With Matthews having topped MacKinnon’s new extension by over $600K annually the question now becomes, who will be the NHL’s next highest-paid player?

Connor McDavid – McDavid is the obvious answer. He is arguably the best player in the game and undoubtedly the best player in the world with the puck on his stick. The Richmond Hill, Ontario native will be 29 years old when he reaches unrestricted free agency and could essentially ask teams for a blank check and fill in the maximum salary under the salary cap. That is if he remains the best player in the world. While it seems hard to believe there is a world in which McDavid isn’t the game’s most explosive player, three years is a long time, and in hockey, it can be an eternity. There is also another Connor who could be the one to top Matthews’ extension.

Connor Bedard – It seems crazy that Bedard has yet to play a minute in the NHL and he could conceivably be the next highest-paid player in the NHL. But it could happen. Bedard signed his three-year entry-level contract with the Chicago Blackhawks on July 17th and should be a lock to make their opening night lineup. He will become a restricted free agent in 2026, the same time that McDavid becomes a UFA. It is fair to wonder how Bedard will produce once he is playing against men in the NHL, especially given that he will be playing on a bad Blackhawks team that will have its struggles. But he dominated the WHL with 71 goals and 72 assists in 57 games and obliterated the competition at the World Junior Championships with nine goals and 14 assists in 7 games. He’s a phenom, and in three years he could be paid like one.

Leon Draisaitl – Draisaitl has been one of the best bargains in the NHL since signing his eight-year $68MM contract back in August of 2017. All he has done during his six years under this contract is score 50+ goals three times, top 100 points four times, and win a Hart Trophy as well as an Art Ross Trophy. At 27-years-old Draisaitl is coming off the best season of his career having posted 52 goals and 76 assists in 80 games.

All things considered, it seems likely that Draisaitl will top Matthews’ contract two seasons from now when he becomes an unrestricted free agent. The native of Cologne, Germany will be 29 years old, and the salary cap should go up substantially between now and then positioning him to cash in big with any team of his choosing. Draisaitl will likely hold onto that distinction for just one season as McDavid and Bedard will be following right behind him and could top Draisaitl to earn the title of the highest-paid player in the NHL.

NHL| Pro Hockey Rumors Originals Artemi Panarin| Auston Matthews| Connor Bedard| Connor McDavid| Free Agency| Leon Draisaitl| Nathan MacKinnon| Salary Cap

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