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Salary Cap

San Jose Sharks Approaching Decision On William Eklund

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The entry-level slide is a rather well-known concept now in the salary cap world. Otherwise known as the ’nine-game rule’, it permits teams to conserve years on an 18- or 19-year-old player’s entry-level contract by deferring or sliding the start of the contract by a season (or two), provided they don’t play nine games or less at the NHL level in a season.

It’s not something often thought about with players of European origin, as it’s rather uncommon for a European-based player to make a team out of camp at this age unless fully NHL-ready. But the San Jose Sharks took a chance this year on 2020 draft selection William Eklund, and it’s largely paid off. As the team’s roared off to a 4-1-0 start, they’ve largely been propelled by the competence of their rookie class — including Eklund. With three assists in four games, Eklund’s showing flashes of potential and already showing the value the Sharks got with a seventh-overall selection.

Yet Eklund was scratched today for their first loss of the season against the Boston Bruins, allowing Alexander Barabanov to draw back into the lineup. Eklund’s spent the season playing on a line with Tomas Hertl and Rudolfs Balcers, but sits as a -3 with none of his points coming at even strength.

There’s no doubt that Eklund was a slam-dunk selection, but if he can’t stick in the lineup, it would be the wiser move to loan him back to his native Sweden without burning the first year of his contract. The Athletic’s Kevin Kurz notes that the team is likely to take as long as possible before making that choice, giving Eklund every chance to prove that he can stay in the lineup at the NHL level this season. But the team, understandably, also doesn’t want him spending too much time in the press box, especially after he impressed with 23 points in 40 SHL games last season with Djurgardens IF.

Regardless, the Sharks can dress Eklund in five more games before being able to loan him back to Sweden without burning a season on his entry-level deal. For a team that now looks to be on the rise sooner rather than later, it could be a choice with long-term ramifications in terms of his second contract.

AHL Shuffle: 10/15/21

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An increasingly tight salary cap situation for many teams across the league has expectedly led to a lot of wheeling, dealing, and maneuvering early on this season, especially in the recalls and assignments department. We’ll keep track of all of today’s minor NHL to AHL and AHL to NHL roster moves right here.

Atlantic Division

  • Florida Hockey Now’s George Richards reports the Panthers re-assigned Chase Priskie and Maxim Mamin to the Charlotte Checkers. Priskie was recalled Thursday prior to the team’s season opener against Pittsburgh but was a healthy scratch. Mamin had previously been listed as a non-roster player. Mamin last played in the NHL with the Panthers in 2018-19, playing seven games, but has played in the KHL ever since.

Metropolitan Division

Central Division

Pacific Division

  • The Vegas Golden Knights assigned Peyton Krebs, Jonas Rondbjerg, and Jake Leschyshyn to the Henderson Silver Knights ahead of the team’s season opener tonight. All three played in Thursday night’s 6-2 loss to the Los Angeles Kings, and they’ll likely be recalled soon as the team continues to deal with injuries and absences in the bottom six.

This page will be updated throughout the day

Injuries Delaying Roster Decisions For Islanders, Kraken

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The NHL season is now underway and yet the well-documented roster crunches of the New York Islanders and Seattle Kraken have gone completely unnoticed even as the league’s 23-man roster deadline came and went. What happened? Well, it may seem counterintuitive, but both teams have been helped out by injuries and health-related absences. However, they aren’t out of the woods yet and may only be delaying the inevitable.

In New York, the Isles knew that they would receive salary cap and roster flexibility by placing defenseman Johnny Boychuk on Long-Term Injured Reserve, but veteran forward Matt Martin also landed on IR. While just one unexpected injury may not seem like a lot, it has had a massive impact on how the Islanders prepare for the start of the season. While the club was successfully able to pass pricier veterans Richard Panik and Thomas Hickey through waivers and on to AHL Bridgeport, they have not yet had to make the tough decision between any of their other more attractive fringe players. Once Martin returns, someone else has to go. Martin’s fourth line replacement Ross Johnston appears to be safe as the apparent next man up, but is at least in the mix. Serviceable veteran Leo Komarov is not expected to be in the Isles’ Opening Night lineup on Thursday, but has been a valuable depth player for years in New York and is even more attractive to other teams now that he is on an expiring contract. Young Kieffer Bellows, whose new contract was finally registered with the league, would also be very interesting to other teams and represents the Islanders’ best top-six substitute. There is no easy choice as all three are more likely than not to be claimed, which explains why GM Lou Lamoriello has reportedly been exploring the trade market.

Things are a little more dire in Seattle, where the league’s newest team would like to keep their Opening Night roster intact but stand little chance of doing so. Already the team has had to make some risky waiver placements, including Kole Lind and Cale Fleury, but have been lucky thus far. Dennis Cholowski’s time on the wire could yield a different result, but even that loss would pale in comparison to what is coming down the line if the Kraken don’t make a move first. The lone holdover from the team’s recent mini-breakout of positive COVID-19 tests, veteran forward Calle Jarnkrok will be available sooner rather than later. Marcus Johansson, placed on injured reserve today, will likely be the next one back and Colin Blackwell is only expected to miss the first month of the season. Further down the road, the team will also need room for Yanni Gourde, who is expected back closer to December. That’s four valuable veterans forwards who all need spots on the Seattle roster, which already sits at 23 members with only one – Lind – that can safely be sent to the minors. On one hand, these early injuries allow the Kraken to take a look at some players who otherwise would not have made the roster, like waiver claim Alex Barre-Boulet for example. On the other hand, these “extra” players will eventually need to be waived, traded, or force the team to trade others instead. Lind and Barre-Boulet seem like easy cuts, but that is just two of four. Would Ryan Donato, who scored the first goal in franchise history on Tuesday, clear waivers? Would young grinder Nathan Bastian? Veteran center Riley Sheahan? The Kraken have a number of questions left to answer and their early injuries have only kicked the can down the road. The longer they wait, especially if the team is playing well, the less likely their fringe players are to clear waivers and the less likely that potential trade partners may be to make a deal rather than wait them out. GM Ron Francis and company have their work cut out for them.

While the preseason trade market remained quiet and there were no earth-shattering waiver claims, this is at least partially due to some unexpected injuries in New York and Seattle. At some point these situations will need to be resolved and, one way or another, players will wind up changing hands.

Jon Cooper, Tampa Bay Lightning Begin Extension Talks

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Pierre LeBrun of TSN and The Athletic reports that the Tampa Bay Lightning have begun contract extension talks with head coach Jon Cooper. Cooper is entering the final season of a three-year deal paying him $3.5MM per season.

A raise is undoubtedly in order for Cooper, who’s now guided the Lightning to back-to-back Stanley Cup championships. It’s an incredible achievement for Cooper, who’s already the longest-tenured head coach in the NHL. He took over the reins with 15 games left in the 2012-13 season after Guy Boucher was fired.

The Lightning have never won less than 40 games in a full season coached by Cooper, who’s now 54 years old. His coaching record stands at 384-197-53, good enough for a .647 points percentage during his time as a head coach in the league. Those numbers tie him for 42nd all-time in wins and 11th among all current head coaches in the league.

Cooper’s job could get more challenging this year. Salary cap constraints hit the Lightning hard this offseason, and they’re now a team that will be relying on their youth more than in recent years. He’s shown at multiple junctures in the past that he can get the most out of Tampa’s prospect system, helping coach underappreciated assets like Brayden Point and Anthony Cirelli to the heights of their success.

He’ll have to perform a similar act this year with names such as Ross Colton, Callan Foote, Mathieu Joseph, and other potential roster players such as Alex Barre-Boulet and Taylor Raddysh. If Cooper’s able to guide Tampa Bay to yet another Stanley Cup championship, he could become the first coach to win three straight Stanley Cups since Al Arbour won four in a row from 1980 to 1983.

New York Islanders Facing Severe Roster Crunch

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After a slow summer, the month of September has belonged to GM Lou Lamoriello and the New York Islanders. On September 1, the team announced new contracts for forwards Anthony Beauvillier, Casey Cizikas, and Kyle Palmieri and goaltender Ilya Sorokin. That same day, they hinted that veteran UFA Zach Parise will also be joining the team and have provided even more evidence of that fact since, despite no formal announcement. This week, the team made a flurry of depth signings, adding forwards Andy Andreoff, Cole Bardreau, Otto Koivula, and Dmytro Timashov and defenseman Paul LaDue, while inviting veteran blue liner Erik Gustafsson to training camp. They then capped off the week with Saturday’s high-profile signing of Zdeno Chara. 

This is all well and good on its face, but the reality is that there are only so many roster spots to go around. Interestingly enough, the Islanders should be okay with the salary cap. CapFriendly currently projects the team to be over the cap, but using only $4.48MM of their $6MM in LTIR relief from Johnny Boychuk’s career-ending injury. While this projection does not include the undisclosed terms for Chara and Parise, it is based on a 23-man roster and those veterans are expected to have minimum base salary, incentive-laden contract. However, therein lies the problem. CapFriendly already has New York roster at the maximum 23 players, but that does not include Chara and Parise, nor does it include unsigned restricted free agent Kieffer Bellows. Something has to give.

So who could be on the chopping block? It isn’t a long list. Many of the Islanders’ core players are returning from a run to the semifinals last season and are locked into a roster spot. In fact, the team may have its full group of 12 starting forwards already in place. Anders Lee, Mathew Barzal, Brock Nelson, Jean-Gabriel Pageau, Josh Bailey, Oliver Wahlstrom, Palmieri, Beauvillier, and Parise expect to be in top-nine roles, while one of the league’s best fourth lines of Cal Clutterbuck, Matt Martin, and Cizikas will stick together as well. On the blue line, Adam Pelech and Ryan Pulock will man the top pair and Scott Mayfield will be back on the second pair. Young righty Noah Dobson and the veteran lefties, Chara and Andy Greene, are at least locks for a roster spot, if not a starting role. In net, there is no question that Semyon Varlamov and Sorokin will be the NHL tandem.

This leaves three roster spots up for grabs and CapFriendly has five names currently projected for the roster: forwards Ross Johnston, Leo Komarov, and Richard Panik and defensemen Sebastian Aho and the recently-signed LaDue. They don’t expect veteran defenseman Thomas Hickey to crack the roster, but the oft-buried blue liner will have a chance to battle for a spot as well. There is also the unsigned Bellows to consider, as well as the potential for Gustafsson’s PTO to be successful. A top prospect like forward Simon Holmstrom or defensemen Robin Salo, Bode Wilde, or Samuel Bolduc may also force the Isles’ hand. While excellent depth is a good problem to have, the issue for the Islanders is that all of these players (minus the prospects) are not waivers-exempt. They have seven or eight good veteran players to evaluate for three roster spots and no guarantee that the four or five that do not make the cut will not be lost on waiver.

Bellows, especially, is a risk. Assuming the 23-year-old is eventually signed, the Islanders will be tempting fate if they try to sneak him through waivers. A 2016 first-round pick, Bellows NHL action has been limited, but the noted sniper does have five goals in his 22 games. A number of teams would be willing to take a shot on his scoring potential. Johnston and Komarov have cleared waivers in the past, but both are now in the final years of their current contracts making them more attractive on waivers. Johnston is a strong defensive forward and physical presence and Komarov is a streaky, but effective two-way presence; both of which have value. Komarov’s $3MM cap hit could make him the most likely to clear waivers though. Panik, who was just acquired by the Islanders this summer, has more recent scoring results than any of the other names competing for a forward spot and has half of his salary retained, making him another dangerous waiver exposure even with two years on his current contract. Of the three available roster spots, no more than two are likely to go to the forward position, so at least two of these forwards will either need to be tested on waivers – and potentially lost for free – or otherwise traded.

The situation on defense is slightly easier to manage. Aho, LaDue, and Hickey have all cleared waivers recently. In fact, LaDue spent all of last season in the AHL and is not much of a risk to be claimed on waivers. There is some more concern with Aho, 25, and Hickey, whose $2.5MM salary is more palatable to other teams in his final year. Both spent all of last season with the Islanders, but for both to do so again it would mean sacrificing one of the aforementioned forwards who are on the chopping block. If Gustafsson does earn a contract with New York from his PTO, that would likely mean that he is earning a roster spot, as the power play specialist would draw interest from a number of teams at a minimum salary, especially with a strong preseason performance.

While it has seemed like the Islanders have been loading up in recent weeks, Lamoriello still has some work to do. Lamoriello may need to explore the trade market for Bellows if he cannot re-sign him or cannot commit to a roster spot for the high-ceiling forward. He may then need to test the trade waters for several of his other players as well, lest he lose them on waivers for nothing. One way or another, as strong as the Islanders’ depth looks right now, it is highly unlikely that all of these players will still be with the organization when the season begins. Which are retained and which are lost could come back to play a big role in the team’s success this season.

Teams Will Receive Cap Relief For COVID-Related Suspensions

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One of the changes to the COVID protocols in the NHL for the upcoming season is the ability for teams to suspend players without pay who are “unable to participate in club activities” due to being unvaccinated.  Deputy Commissioner Bill Daly confirmed to Postmedia’s Patrick Johnston that Section 50.10(c) of the CBA will apply in this scenario which means that teams who suspend an unvaccinated player under these protocols will receive corresponding cap relief for the day(s) the players are suspended for.

Among the scenarios where unvaccinated players could be suspended are government-imposed quarantine after crossing the border or the requirement of having the vaccine to be allowed to enter an arena which has popped up in a few states with NHL teams in recent weeks.

It has been suggested that the stricter protocols including the potential for suspension without pay have played a role in the high percentage of NHL players who have currently received the vaccine – a number that’s estimated to be at roughly 98%.  With that in mind, the number of regular NHL players who aren’t vaccinated is quite low; Daly suggested to Ryan S. Clark, Mark Lazerus, and Joshua Kloke of The Athletic (subscription link) that they expect that 15 or fewer players fall under this category which means that they would be the only ones subject to this scenario.

It’s worth noting that while it could create an opportunity for teams to bank space during the season, it’d be an unwanted one as it would take a regular player out of the lineup and potentially force a recall from the AHL.  Meanwhile, teams in LTIR would be able to bring a replacement up but wouldn’t be able to bank any cap space unless they were to dip under their respective Accruable Cap Space Limit as a result of the suspension.  We’ll see over the coming months if this scenario winds up coming into play and whether it winds up having any sort of tangible salary cap impact for teams with an unvaccinated player.

League Notes: Salary Cap, Kane, Vaccine Status

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During the league’s media tour today, deputy commissioner Bill Daly spoke with several outlets including Sportsnet’s Elliotte Friedman to answer questions and discuss several topics related to the upcoming season. One that doesn’t have a direct impact on this year’s campaign however is the expected $1MM rise in the salary cap ceiling for 2022-23, which Daly confirmed today. Though it isn’t official until revenue figures come through, this is what Frank Seravalli of Daily Faceoff reported at the beginning of August when he examined the current revenue projections.

That increase shouldn’t come as a sign everything is back to normal though. Seravalli’s report indicated that the cap ceiling would not see a significant increase until 2026-27, given the huge escrow debt the players have to pay off. While a $1MM increase gives teams a little bit of wiggle room, they are still in a relatively flat cap situation for the next few years.

  • Daly also told Friedman that the investigation into allegations that Evander Kane gambled on NHL games is still expected to conclude before training camp opens later this month. Though he explains that a report will come out, it’s still unclear whether it will be entirely available to the public. The league opened an investigation into Kane after his estranged wife, Anna Kane, posted accusations on social media claiming that the San Jose Sharks forward bet on games he was involved in; he denied those claims.
  • Speaking with Seravalli, Daly explained that the league currently projects 98% of their players will be fully vaccinated by the start of the season. The deputy commissioner expects just 10-15 total players will be unvaccinated, though that obviously depends on final roster cuts. Those players will be subject to stricter protocols this season, and could face withheld pay for games missed due to COVID-19.

Winnipeg Jets Need To Make Changes To Be Cap-Compliant

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The Winnipeg Jets are a team looking to improve after a couple of subpar regular seasons. Most of their shortcomings have been due to the team’s defense after unexpectedly losing Dustin Byfuglien after the 2018-19 season. Winnipeg made a flurry of moves to address that issue this offseason, acquiring Nate Schmidt and Brenden Dillon to replace Derek Forbort and Tucker Poolman, both of those replacements being undeniable upgrades. While the team looks poised to have more success than in the past few seasons.

They brought Paul Stastny back into the fold on a one-year, $3.75MM deal to help continue to solidify their top-six forward group. But one long-time important piece won’t be returning to Winnipeg this season — Bryan Little. Little suffered a concussion and ruptured eardrum after playing just seven games in 2019-20, and it’s unlikely that the longtime Thrashers/Jets forward suits up ever again. Instead, his $5.3MM cap hit will go on long-term injured reserve for yet another season.

Still, that maximum of $5.3MM as a cap cushion isn’t enough for Winnipeg right now, as they currently sit at $5.8MM over the cap with a full roster. While Winnipeg could send just one forward down to become cap-compliant, it leaves them with very little wiggle room throughout the season in case of injury and hinders their flexibility at the trade deadline.

The most likely short-term solution is to send forward David Gustafsson to Manitoba. He’s one of only two players who aren’t waiver-eligible on the Winnipeg active roster. But after scoring 19 points in 22 AHL games last year, he’ll likely push for an NHL role throughout the season. They also could opt to send defender Sami Niku down to the minors, as his tenure with the club hasn’t gone very smoothly, but risk losing him on waivers to a team willing to take a chance on his development. They’ve tried to deal Niku in the past with no takers, as teams likely anticipate that he’ll be available for them to select on the waiver wire at some point in the future.

There are other names, such as Dominic Toninato and Jansen Harkins, that could see some time in the AHL as a short-term solution to Winnipeg’s salary cap situation. The reality stands that Winnipeg likely needs to make an additional move to create some cap flexibility for a team that needs it to be a contender this year.

All cap figures courtesy of CapFriendly.

Buffalo Sabres Limited By Salary Cap Floor

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The Buffalo Sabres will be over the NHL’s salary cap floor by the start of the season, that much is obvious. While CapFriendly currently has the club sitting $2.3MM below the $60.2MM benchmark, that is with a 22-man roster that does not include unsigned RFA defenseman Rasmus Dahlin. While the 2018 first overall pick is not quite yet proven himself worthy of the considerable long-term deals signed by other top defenseman this off-season, he will surely make more than $2.3MM AAV on his next contract.

Yet, that does not end the Sabres’ battle with the cap floor. Just because they begin the season over the floor, does not mean that they will remain as such all season – or at least not if they wish to have flexibility with their transactions. Buffalo is again expected to be among the NHL’s worst teams this season and will be open to selling current members of the roster. Of course, Jack Eichel is the biggest name who could be available. However, at $10MM AAV it has been brought up numerous times that an Eichel trade is not as easy as it may seem. A team may offer a plethora of top picks, prospects, and entry-level players, but the Sabres would not be able to make that deal alone, as it would leave the team well below the salary cap floor regardless of Dahlin’s contract. Buffalo would have to acquire a nearly equal amount of salary back in the deal or else be prepared to quickly turn and add that salary in another deal. As a rebuilding team, the Sabres also won’t eager to add high-priced veterans who serve little purpose to a team with no title hopes. It makes an already difficult situation with Eichel all that much more tricky.

Even if Eichel begins the season with Buffalo, which seems increasingly likely, and even plays out the year with the team, the cap floor will still come into play. As the trade deadline approaches, the Sabres want to be in position to take full advantage of their valuable trade assets. The team has four forwards, four defensemen, and two goalies who are impending UFA’s and whose expiring contracts would be worth far more to another team. Colin Miller ($3.875MM), Will Butcher ($2.823MM), Cody Eakin ($2.25MM) and Vinnie Hinostroza ($1.05MM) stand out as potentially popular trade candidates at the deadline. Depending on Dahlin’s contract, could they move Hinostroza or maybe even Eakin or Butcher without going below the floor? Probably. But Miller? Or multiple moves? Likely not. The deadline is also not a place that is likely to offer even salary swaps.

If GM Kevyn Adams and the Sabres want to enter the 2021-22 season with the confidence that they can make any move they want without limitation, they need to find a way to sensibly add salary to the roster. For a rebuilding team, it may be difficult to think about adding salary to a team that won’t contend, but it would be a short-term sacrifice to ensure their long-term plans are not affected. The team could explore the trade market for a veteran or two that can help to develop the young roster or perhaps a young, but overpaid reclamation project. Or maybe they could entertain adding a legitimate starting goalie. They could also explore the free agent market which, even late in the summer, still has some attractive names available. With the Sabres pegged to give roster spots to minimum-salary fourth-liners like Drake Caggiula and John Hayden, it might make more sense to give those slots and more importantly more salary to a high-upside project like Ryan Donato, Alex Galchenyuk, or Nikita Gusev or a veteran leader like Tyler Bozak, James Neal, or Jason Demers. 

The Sabres have plenty of options to solve their salary cap floor conundrum beyond just re-signing Dahlin. However, those options could disappear if they don’t act quickly, and with it their transactional flexibility this season.

NHL Teams Facing Decreased Daily Cap Expenses In 2021-22

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While the general sentiment surrounding the NHL’s return to the Olympics at the 2022 Winter Games is excitement, it isn’t without its downsides. The momentum of the regular season will be halted, participating players will face injury and COVID-19 risks, and non-participating players growing cold over the 19-day break. One additional issue is the extended timeline for the regular season and the impact it has on salary cap expenditures. As noted by cap resource PuckPedia, the length of the 2021-22 regular season is expected to be 200 days whereas the typical season is about 186 days. Those extra 14 or so days decrease the value of daily cap hits, making it more difficult for teams to accrue cap space over the course of the regular season. In yet another flat cap year, this could pose problems for some teams close to the cap ceiling.

While the salary cap and individuals salaries are often viewed in a season-long, overarching fashion, cap maintenance is in fact a series of daily calculations. The cap is tolled each day by the salaries on the active roster as a value of each cap number divided by the total days in the season. As a result, in a longer season each daily cap expense is worth less than in a normal year. Where this comes into play is with cap-driven demotions. Each year there are a number of teams who are close to the cap limit that open up additional space by removing salary from the active roster in the form of reassigning players who are exempt from waivers or have otherwise cleared waivers to the AHL. These can just be off-day paper transactions, extended demotions during homestands, or sometimes waiving and burying larger salaries in the minors. However, during a longer season these maneuvers are less effective as the daily gain from demoting a player will be lower.

Daily salary cap calculations only matter to those teams with salary cap space, so the nine teams currently expected to begin the season using Long-Term Injured Reserve are not as worried about this predicament. Daily tolling also impacts teams with ample cap space far less and there are currently a dozen teams who sit $7MM or more below the cap ceiling with at least nine or ten expected to stay in that range. However, for the Maple Leafs, Flames, Penguins, Flyers, Capitals, Bruins, Panthers, Blues, Avalanche, Kings, Canucks, and Wild, this lesser daily cap expenditure is not irrelevant. A team like Toronto, which is in fact currently over the salary cap limit with a projected roster than includes only one waiver-exempt player in defenseman Rasmus Sandin, will have possibly their only source of additional cap relief diminished. The Pittsburgh Penguins, who currently have just $122K in cap space with a projected roster than contains only the minimum contract of Radim Zohorna as waiver-exempt, are in the same boat.

Fortunately, PuckPedia points out that the same source of cap distress could also provide relief. During the Olympic break, teams with the ability to safely demote players will almost certainly do so. Those 19 days not counting against the cap will help to offset the reduced daily hit over the rest of the season. It could also allow those players to stay fresh with AHL action during that time.

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