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Snapshots: Senators, Penguins, Luostarinen

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Bruce Garrioch of Postmedia reported today that the talk amongst the bidders for ownership of the Ottawa Senators is that Toronto billionaire Steve Apostolopoulos is the current favorite to purchase the franchise. Apostolopoulos was one of four bidders with the other three being Los Angeles-based producer Neko Sparks, Michael and Jeffrey Kimel of Harlo Capital, and Toronto’s Michael Andlauer. Garrioch goes on to say that Apostolopoulos, who missed out on purchasing the NFL’s Washington Commanders is in the driver’s seat as he had the highest bid at $1 billion.

Garrioch adds that it is far from a done deal as there has been talk that the other ownership groups have been making moves to improve their bids and add additional people to their groups. Sources have told Garrioch that Andlauer is confident he will get the team and he believes his position with the Montreal Canadiens as an alternate member of the NHL’s board of governors will give him the inside track to the Senators ownership. There was talk earlier in the week that Andlauer and the Kimel’s might form a collective group, but those talks have apparently stopped after not getting very far.

It’ll be interesting to see where the Senator’s ownership saga goes in the upcoming weeks. Gary Bettman doesn’t generally like to have other teams making announcements during the Stanley Cup finals, and with game 1 set for Saturday night it might be well into June when there is an official announcement about who will be the next owner of the Senators.

In other snapshots from around the NHL:

  • The Pittsburgh Penguins got to work today in the first day with Kyle Dubas at the helm. Dubas took over as president of hockey operations and interim general manager from Brian Burke and Ron Hextall and was quick to make moves to dismiss some members of the old guard. Josh Yohe of The Athletic reported that director of pro scouting Kerry Huffman, director of hockey operations and salary cap management Alec Schall, and senior VP of integrated performance Teena Murray were all let go with at least one year remaining on their contracts. All three were hired by Hextall and will not be part of the new management group in Pittsburgh as they rebuild their hockey ops after a disappointing season in which they missed the playoffs for the first time in 17 years.
  • Tom Gulitti of NHL.com writes that Florida Panthers forward Eetu Luostarinen is practicing with the team in Vegas ahead of game 1 of the Stanley Cup finals tomorrow night. Luostarinen was paired back up with his usual linemates Sam Reinhart and Anton Lundell. The 24-year-old was injured in game 4 of the Eastern Conference finals against the Carolina Hurricanes but has yet to miss a game. Paul Maurice was quoted in The Hockey News on Monday saying that he expected Luostarinen to be ready for game 1 and things appear to be trending that way. Luostarinen has been a big part of the Panthers third line in this postseason putting up two goals and three assists in 16 games.

Snapshots: Vancouver, Pettersson, Combine

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Thomas Drance and Harman Dayal wrote an article for The Athletic today outlining the best third line center options for the Vancouver Canucks to look at when free agency opens on July 1st. Vancouver has an excellent 1-2 punch down the middle of the ice with Elias Pettersson and J.T. Miller currently occupying the top two spots. Drance and Dayal begin their article by highlighting the fact that Vancouver not only needs a third line center, but they also need the right fit for the third line, preferably one with more of a defensive skill set.

While this year’s free agent class leaves a lot to be desired, there are some good top-9 center options for the Canucks to consider. Drance and Dayal produce an exhaustive list that includes bargain bin shopping as well as some players that will likely fall outside of Vancouver’s price range given their salary cap constraints. The most realistic targets, and the ones on the top of the list are Pius Suter and David Kampf.

What a change two years can make. In the case of Pius Suter, it’s the difference between being non-tendered (as he was in 2021 by the Chicago Blackhawks) and being a sought after unrestricted free agent (after two good seasons with the Detroit Red Wings). Suter is a bit undersized but could offer the Canucks a solid top-9 option at a reasonable price. Over two seasons in Detroit Suter put up 29 goals and 31 assists in 161 games. While those numbers won’t blow anyone away, the 27-year-old did this while hardly benefiting from any powerplay time as he saw just six minutes of ice time this season with the man advantage.

Kampf offers much stronger defensive metrics than Suter and is a bigger body, however he is more limited offensively as he had just 18 goals and 35 assists in 164 games over the past two seasons. He also saw very little powerplay time but struggles to drive play at even strength as he has a negative offensive impact even at 5v5. Drance and Dayal do wonder if having a better defensive player such as Kampf in the third line center role might make more sense for Vancouver as it could free up the top two line for more offensive deployment.

Other snapshots from around the league:

  • The Score is reporting that J.P. Barry, the agent for Vancouver Canucks superstar Elias Pettersson expects talks between his client and the club to begin this summer as they look to hammer out a long-term deal for the 24-year-old. Pettersson is just a year from being a restricted free agent and two years away from unrestricted free agency. He is due $10.25MM this upcoming season and would require an $8.82MM qualifying offer next summer for Vancouver to retain his rights. Given that he is coming off a 102-point season it would make sense for the young Swede to try and sign a long-term deal to obtain some security and peace of mind heading into next season. For the Canucks it would also give the club some cap certainty as they try to re-tool after missing the playoffs this past season.
  • Mike Morreale of NHL.com tweeted today that no Russian prospects who played overseas this season will be attending the NHL combine. The combine will run from June 4-10 in Buffalo and will give all 32 clubs the chance to get a look at the top prospects in this year’s entry draft. It’s an interesting development, but not a surprising one. Projected top-3 pick Matvei Michkov stated in Russian media back in May that he likely wouldn’t be at the combine but would be at the draft.

Afternoon News: Capitals, Howden, Maple Leafs

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Tarik El-Bashir of The Athletic wrote a piece today that highlighted the nine forwards he believes would fit what the Washington Capitals are looking for this offseason. El-Bashir begins the piece by shining a light on the salary cap crunch that will leave the Capitals with around $5MM in cap space this summer. That leaves Washington with precious little space to work with, however El-Bashir quickly points out that Evgeny Kuznetsov and Anthony Mantha are both trade options that are finding their names on a lot of trade boards.

El-Bashir feels that Washington won’t target players over 30 given their age and Washington’s precarious cap situation. He lists Tyler Bertuzzi, Connor Brown, Andreas Athanasiou, Ivan Barbashev, Michael Bunting, J.T. Compher, Max Domi, Pierre Engvall, and Evan Rodrigues as the likely targets for Capitals general manager Brian MacLellan. Washington has an extensive group of forwards signed to contracts for next season but have a glaring hole on the right wing. Given the cost and the need I would likely put current Capitals forward Connor Brown near the top of the list. Brown was acquired from the Ottawa Senators for a second round pick last summer but only dressed in four games before suffering a season ending ACL injury in his right knee.

In other afternoon notes:

  • Jesse Granger of The Athletic is reporting that Brett Howden of the Vegas Golden Knights was on the ice for the team’s morning skate ahead of their game 4 matchup against the Dallas Stars. Granger reported yesterday that the 25-year-old center had tweaked a lower body injury in game 2 and tried to play through it but couldn’t. Howden missed game 3 and given that he’s seen a lot of time in Vegas’ top-6 as of late, his return would be a welcome boost if he can dress tonight. Howden had a pedestrian regular season with 13 points in 54 games, however in these playoffs he has three goals and three assists in 14 games. Vegas has a chance to sweep Dallas this evening.
  • Kevin McGran of the Toronto Star wrote an opinion piece today about why former Calgary Flames general manager Brad Treliving checks so many of the boxes that Brendan Shanahan and the Toronto Maple Leafs would be looking to tick. McGran highlights Treliving’s experience in Calgary working in a collaborative environment with former president of hockey ops Brian Burke. Toronto’s future general manager would be tied to Shanahan as well as the board of MLSE, it is a job that is different from some other NHL clubs, however Treliving has worked within a similar structure. McGran also cites Treliving’s penchant for having the guts to make bold moves, Treliving spent last summer overhauling the Calgary Flames out of necessity by trading Matthew Tkachuk to Florida for Jonathan Huberdeau and MacKenzie Weegar as well as signing Nazem Kadri as a free agent.

Edmonton Oilers Notes: Staios, Bouchard, Yamamoto

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Frank Seravalli had a lengthy discussion on the Daily Faceoff Rundown podcast about the future of the Edmonton Oilers. In the discussion Seravalli said he doesn’t expect huge changes on the ice, but he does believe that there will be changes to the management structure as they attempt to be “protective and proactive with Steve Staios.” Seravalli went on to say that the former Oilers defenseman is regarded in Oilers circles as being their general manager of the future and the club may want to shift their hierarchy to give Staios a bigger voice before another team scoops him up.

What that could look like remains to be seen, but Seravalli went on to say that he wouldn’t be surprised if the Oilers promoted current general manager Ken Holland to President of Hockey Ops which would allow Staios to shift over to Holland’s old job and preserve the teams already thin management group. Whatever management group is in place will have much work to be done this summer. The Oilers window for contention is beginning to close as superstars Connor McDavid and Leon Draisaitl inch closer to unrestricted free agency. Draisaitl has just two years left on his current deal and McDavid has three. If the Oilers don’t get over the hump soon, they could find it difficult to retain the franchise cornerstones.

In other Oilers notes:

  • Seravalli also spoke about the next contract for Evan Bouchard saying that he fully expects the Oilers to try and get the defenseman on a bridge contract due to their current salary cap predicament. The 23-year-old is coming off a good season in which he put up eight goals and 40 points in 81 regular season games, however in the playoffs the Oakville native exploded for 17 points in 12 games, including 15 points while quarterbacking the Oilers white hot powerplay. Seravalli wondered if a bridge contract would even be possible given how important Bouchard has been to the team since the mid-season Tyson Barrie trade. The advantage for the Oilers will be that Bouchard has no rights to arbitration at this time.
  • Seravalli and Jason Gregor spoke about the Oilers need to upgrade the right wing spot this summer. This was echoed by Daniel Nugent-Bowman of The Athletic who believes that top six winger Kailer Yamamoto’s poor play in the playoffs might have turned him into a trade candidate. Yamamoto is due $3.1MM next season and struggled in the playoffs putting up just a single goal and four points in 12 games despite getting a lot of top six minutes. The Spokane native wasn’t much better in the regular season putting up 25 points in 58 games, a steep drop from his career high of 41 points in 81 games in 2021-22.

Latest From Insider Trading: Walsh’s Plans For NHLPA

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In the latest edition of TSN’s Insider Trading, insiders Pierre LeBrun and Chris Johnston focused on the priorities for new NHLPA executive director Marty Walsh. Though he just took on the job as the leader of the player’s union last month, he has plenty of issues to deal with and it sounds like he is already working on a few of them. LeBrun reported Walsh wants to have greater communication between the players and the union and not just when negotiating new collective bargaining agreements. He has already begun reaching out to players to get feedback on what they think of the current playoff format.

Johnston mentioned Walsh is also willing to discuss negotiating with the league to possibly try and have the salary cap move up more than the projected $1MM this offseason. However, the players still owe a debt to the owners so it is possible they are more comfortable dealing with a modest raise in the salary cap ahead of 2023-24 before a bigger leap is made the following season. This would decrease the likelihood that escrow also rises with the cap in 2024-25.

LeBrun reported that Walsh feels the Arizona Coyotes having NHL players play in a college stadium is a situation that needs to be addressed. There is a vote coming up in May when citizens of Tempe will vote on whether or not to go ahead with plans to build a new arena in the near future. If they don’t go ahead with it, it could be bad news for the Coyotes.

Johnston also said Walsh is eager to start talks about the next World Cup and has his eye on February 2025 for that event. The last time hockey players took part in a best-on-best event was the World Cup in 2016. Walsh apparently is willing to start talking about the next one, even with Russia’s participation unlikely at this point.

Morning Notes: Bruins, Senators, Salary Cap

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Over the past couple of seasons, the Boston Bruins haven’t made big trade deadline splashes for rentals. Their two significant acquisitions in 2021 and 2022, Taylor Hall and Hampus Lindholm, signed extensions with the team and remain in Boston today.

In his latest for The Athletic, Fluto Shinzawa explains how that will be a tricky trend to repeat this season with Dmitry Orlov, Garnet Hathaway, and Tyler Bertuzzi. Although general manager Don Sweeney has expressed an interest in re-signing all three, signing an extension with only one would require multiple cap-dump trades. Matt Grzelcyk, Derek Forbort, and Mike Reilly would likely all see their way out of Boston this offseason, with the team likely to fetch far below market value on trades for Grzelcyk and Forbort if backed into a salary cap hole. Per CapFriendly, Boston has just over $10.5MM in projected cap space for 2023-24, not including potential performance bonus penalties carrying over from Patrice Bergeron’s and David Krejci’s contracts this season.

Other items dotting the league rumor wire this morning:

  • On last night’s edition of TSN’s Insider Trading, Chris Johnston noted that an ownership group led by The Hockey News owner Graeme Roustan, in conjunction with Canadian First Nations groups, has advanced past the first round of bidding to purchase the Ottawa Senators. Johnston reports that the group notably has an interest in developing the land around LeBreton Flats, realizing a long-time hope for a more centrally located arena in Ottawa.
  • Also on Insider Trading, Johnston says that the NHLPA is likely dead set against increasing escrow payments next season to accommodate for a larger salary cap increase. NHL commissioner Gary Bettman noted earlier this week that such an exchange would be necessary to increase next year’s salary cap past the projected $1MM bump to an Upper Limit of $83.5MM.

Snapshots: Salary Cap, Coyotes, Matthews

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The relatively flat salary cap over the last few seasons has certainly been a limiter on player movement over that time.  However, speaking with reporters today including Sportsnet’s Eric Engels, NHL commissioner Gary Bettman indicated a potential openness to boost the Upper Limit by more than the prescribed $1MM next season.  However, doing so would be tied to escrow:

We’re hearing around the bend from players and others that there may be interest in having that, but one thing to keep in mind if we’re going to raise the cap and the escrow hasn’t been paid off, is then we’re going to have to look at raising the escrow rates, which under the CBA extension in 2020 is locked into the last three years of the CBA term at 6 per cent. So, if you’re going to raise the cap prematurely, then you’re going to have to look at the escrow percentage as well. The two are inextricably tied together.

As Bettman noted, there now is a fixed cap on escrow which there wasn’t in the past and by his estimation, there is still around $100MM owed back to the owners to get back to the required 50/50 share of Hockey Related Revenue.  Increasing the escrow hasn’t been popular in the past so if incoming NHLPA Director Marty Walsh finds that the players don’t want to go that route again (even for just a short time), it could be one more year with a small increase before the cap goes up more quickly beginning in 2024-25.

Elsewhere around the hockey world:

  • The Coyotes are likely to be one of the few teams with significant cap space this summer but don’t expect them to automatically be too active in free agency. GM Bill Armstrong indicated on the latest Cam and Strick podcast (video link) that they’re also open to doing what they’ve done in recent years which is taking on unwanted contracts while stockpiling extra draft picks for doing so.  Arizona has stockpiled 47 picks over the next four seasons but have shown a willingness in the past to take on selections that are several years out.  If they opt to take on more unwanted contracts, it wouldn’t be surprising to see them concentrating on adding 2026 and 2027 draft picks in order to try to keep their pick cupboard spaced out.
  • While it has been speculated for a while, Maple Leafs center Auston Matthews confirmed to Jonas Siegel of The Athletic (subscription link) that the upper-body injury he has been dealing with for most of the year is a hand issue. However, the 25-year-old indicated that the hand is feeling a lot better now as of late which is certainly good news for a Toronto team that has made several moves to augment their roster at the trade deadline in the hopes of a long playoff run.  Even with the injury, Matthews still has 31 goals and 36 assists in 59 games so far.

Arizona Coyotes Acquire Jakub Voracek

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The Arizona Coyotes continue their run on contracts they will never have to pay out. The team has acquired Jakub Voracek from the Columbus Blue Jackets, along with a 2023 sixth-round pick, in exchange for Jon Gillies. Voracek’s career is in doubt, and according to Elliotte Friedman of Sportsnet, there is insurance coverage for next year’s $7.8MM salary.

The move is important for a few different reasons. One, it gets the Coyotes much closer to the salary cap floor for next season, meaning they can make additional trades in the next 24 hours to jettison more expensive pieces like Nick Schmaltz or Lawson Crouse that may be drawing interest.

For the Blue Jackets, the move lets them get out from long-term injured reserve and under the salary cap ceiling, meaning performance bonuses from this year will no longer be carried over to 2023-24. With only the cost of a sixth-round pick to pay, it makes plenty of sense to get Voracek’s contract off the books.

If it is the end of his career as suspected, thanks to multiple head injuries, Voracek will go down as one of his generation’s more underrated offensive players. With over 800 points in his career, he sits 177th all-time and is just shy of the top 100 in assists with 583.

He’ll join a long list of players who have technically been part of the Coyotes organization but never played a game for the team, should he miss next season as expected.

Arizona now has Voracek, Shea Weber, and Bryan Little on the books for next season, a total of nearly $21.4MM in cap hits that won’t play a minute of ice time. On the other hand, they also have 36 draft picks over the next three years, including 21 in the top three rounds.

Morning Notes: Cap Circumvention, Chychrun, Kane

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According to Chris Johnston of NorthStar Bets, the NHL sent out a memo this morning to teams explaining that they would “closely scrutinize” any trades of injured players with the express intent of keeping them on long-term injured reserve until the playoffs. Gustav Nyquist is a perfect example of this kind of trade chip, as he is not expected back in the regular season.

Scrutiny is one thing, but it’s hard to believe that the league would put a complete stop to these moves. In 2021, the Toronto Maple Leafs acquired Riley Nash, knowing he wouldn’t be ready before the playoffs, only to activate him for game one. It might mean a closer look at situations like Adam Henrique, as the Anaheim Ducks forward is not expected to miss the rest of the season, but is still on the shelf for another few weeks. Any acquiring team would likely be expected to activate him (and have the room to do so) well ahead of the playoffs, instead of waiting for the salary cap to disappear on day one of the postseason.

  • More smoke is rising from the Arizona Coyotes, who have one of the biggest trade chips in Jakob Chychrun sitting in the press box. Bruce Garrioch of Postmedia reports that the Los Angeles Kings, Washington Capitals, Carolina Hurricanes, Pittsburgh Penguins, and Edmonton Oilers are all pursuing the Coyotes defender. Chychrun hasn’t played since February 10 as he awaits his new destination.
  • Elliotte Friedman of Sportsnet points out that the New York Rangers don’t actually have to wait until tomorrow to acquire Patrick Kane, only past today’s salary cap threshold. The cap is calculated on the active roster at 4pm CT every day, meaning the Rangers could land Kane a few minutes later and have him applied to Wednesday’s number instead. All signs continue to point to Kane joining the Rangers this week, potentially even in time to take on the Philadelphia Flyers tomorrow night.

Snapshots: Puljujarvi, Korchinski, Walsh

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After a slow start, things haven’t gotten any better for Edmonton Oilers winger Jesse Puljujarvi this season. As his ice time continues to dwindle, currently being utilized in a fourth-line role, so does his trade value. The 2016 fourth-overall pick has just 10 points in 49 games this season after a 35-point campaign last year.

With Edmonton expected to go all-in at this year’s trade deadline, Puljujarvi will likely see his Oilers tenure end by March 3 to make room on the roster. Daily Faceoff’s Frank Seravalli outlined some potential destinations for the Finnish winger, also reporting that general manager Ken Holland sent a note to all 31 other NHL teams two weeks ago that Puljujarvi was available for trade.

That trade could come sooner rather than later, as the Oilers need to clear salary to activate Kailer Yamamoto from long-term injured reserve. They have at least another few days, as he’s not eligible to return until February 12. Seravalli lists the Florida Panthers, St. Louis Blues, and Tampa Bay Lightning as potential fits for Puljujarvi in a hockey trade but also says to keep the possibility of a pure cap-dump move to a salary cap floor-hugging team in mind.

  • In a mailbag piece released Wednesday, Scott Powers of The Athletic noted that 2022 first-round selection Kevin Korchinski could crack the Chicago Blackhawks’ NHL lineup out of training camp to start the 2023-24 season. Powers said the Blackhawks organization was impressed with his training camp before this season opened, and that “all signs” point to Korchinski being NHL-ready. Still 18, the left-shot defenseman has 40 points in 30 games with the WHL’s Seattle Thunderbirds this season.
  • TSN’s Darren Dreger reports that current United States Secretary of Labor Marty Walsh is the current front-runner to replace Donald Fehr as the NHLPA’s Executive Director. Dreger says an NHLPA board meeting is scheduled for tomorrow, which could yield a vote on whether to instate Walsh as the league’s top player representative. The former mayor of Boston, Massachusetts, has a strong labor union background and is certainly an interesting selection.

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