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Salary Cap

Offseason Checklist: Pittsburgh Penguins

June 25, 2021 at 9:25 pm CDT | by Zach Leach 6 Comments

The offseason has arrived for all but a few teams.  It’s now time to examine what those clubs need to accomplish over the coming months.  It’s going to be a busy summer. What is on deck for the Pittsburgh Penguins?

The Pittsburgh Penguins finished first in what was arguably the best division in the NHL this season. The East boasted the likes of the Washington Capitals, Boston Bruins, New York Islanders, and even the New York Rangers, the best team not to make the playoffs. Yet, Pittsburgh finished with 77 points for the fifth-best record in the league despite stiff competition. It seemed like Sidney Crosby and company were primed for another deep playoff run this season. Instead, it all came crashing down quickly in a first-round loss to the Islanders in which Pittsburgh could not counter New York’s smothering approach. The Penguins’ weaknesses were exposed in the postseason and must be addressed in the offseason, but the team currently lacks the flexibility to do much of anything.

Shed Salary

The Penguins cannot start adding until they do some subtracting. Pittsburgh is currently pegged to have just $3.2MM in salary cap space heading into the off-season, a projection that includes just 19 contracts. Forget improving the roster, Pittsburgh needs to create cap space just to preserve their current roster, as key restricted free agents Teddy Blueger and Zach Aston-Reese require new contract and the team will likely try to re-sign impending UFA defenseman Cody Ceci as well. Those three alone will cost well more than $3.2MM.

The Penguins could actually receive some help from the Expansion Draft – if they are lucky. Pittsburgh is likely to expose both forward Jason Zucker and defenseman Marcus Pettersson in expansion; the pair are talented players, but underperformed in 2020-21, especially relative to their substantial contracts. Either player would be a loss for the team, but the added cap space would more than make up for the departure.

If the Seattle Kraken instead grab Aston-Reese, Blueger, or Jeff Carter, the Penguins will be in trouble. Even if the pick is Zucker or Pettersson, new GM Ron Hextall will still likely work the phones in an effort to move some salary. Again, Zucker and Pettersson are both good players and the Penguins will not just give them away, but they could be had for a bargain price this summer as Pittsburgh is desperate to shed salary.

Add a Goaltender

What will the Penguins do if they can open up cap space? Hextall, a former goalie himself, has already hinted that adding a veteran netminder is a priority for Pittsburgh this offseason. It is difficult to look at the team’s postseason collapse and not attribute much of the blame to starter Tristan Jarry. The young keeper followed up a stellar 2019-20 season with a decent regular season this year, but he struggled greatly in the postseason and kept the Penguins out of several games. Backup Casey DeSmith actually outplayed Jarry this season, albeit in lesser games, but he himself is also streaky. More importantly, DeSmith is injury-prone and is not a reliable understudy to Jarry. The Penguins need a reliable veteran presence to push their young starter.

Of course, the popular prediction is going to be old friend Marc-Andre Fleury. The Vegas Golden Knights are also looking to shed salary and who better than Fleury, coming off an incredible season, to return to Pittsburgh to stabilize the net before he rides off into the sunset, retiring as Penguin. It all sounds great, but Pittsburgh taking on Fleury’s $7MM salary is an impossibility and Vegas retaining considerable salary, if any, is unlikely. A return for Fleury is probably not going to happen, but the shared history means it can’t be ruled out compeltely.

More reasonable targets include free agents  Frederik Andersen, Jonathan Bernier, James Reimer, Antti Raanta, Jaroslav Halak or Devan Dubnyk. Even a young UFA like Linus Ullmark or Chris Driedger could see Pittsburgh as a good opportunity to win a starting role and prove they can be a top option. If the Penguins are lucky, the market may actually drive down the salary requirements if there are a number of goalies interested in a great situation to win games and have an open competition in net. While free agency seems like the more viable route, trade options will be numerous and the Expansion Draft could shake up the market. Anton Khudobin stands out as an ideal trade candidate.

Improve the Bottom Six

Another area where Hextall and company have been open about their desire to improve is in their forward corps. The Penguins have no problem scoring, but their two-way play up front was a major concern this season. For Pittsburgh to take a step forward and return to postseason success, they must become harder to play against. That starts with getting better defensive play and physical engagement from their forwards. Hextall has harped on the Penguins needing to be more physical and has talked about adding size and grit this off-season, but it’s more than that. Pittsburgh was poor on the penalty kill this season, did not block shorts (particularly at forward) and their issues at the face-off dot continued through the regular season and into the playoffs. In nearly all facets of defensive play, the Penguins must improve.

With that said, retaining the likes of Blueger and Aston-Reese through expansion, getting a full season of Carter, and getting a healthy season from Brandon Tanev is already a great start to improved bottom-six play. The roster does not need a complete overhaul to improve team defense. That doesn’t mean that they can’t add another impact player though. Mark Jankowski, Evan Rodrigues, and Colton Sceviour were not the answer this season and all three are on their way out of town. The Penguins need to use what little cap space they may have left after re-signing their key free agents and adding a goalie to add another veteran difference-maker to round out the bottom-six.

Decide the Future of Malkin and Letang

What is to become of the Penguins’ long-time core? Crosby is still as good as ever and still signed for several years, but Malkin and Letang are entering the final years of their current contracts. Malkin is coming off a down year by his standards and will spend all summer rehabbing from an injury. Letang continues to show signs of slow but steady decline and is not playing up to his $7.25MM price tag. Yet, both players are still major contributors to the team and franchise icons. The new administration has vowed to stick with them, but for how long? Do they enter the season on expiring contracts and deal with the repercussions? Do they sign them to extensions this summer despite the concerns? Do they trade one? Both? There are major questions that need answering about the veteran stars. The front office does not want to hurt themselves in the short-term by moving on too soon from either one, but they also don’t want to hamstring themselves long-term by throwing out new contracts that aren’t necessarily warranted. It’s a difficult decision and one that will weigh on the team this summer.

 

 

Expansion| Free Agency| Offseason Checklist 2021| Pittsburgh Penguins| Ron Hextall Brandon Tanev| Casey DeSmith| Cody Ceci| Colton Sceviour| Evan Rodrigues| Jason Zucker| Jeff Carter| Marc-Andre Fleury| Marcus Pettersson| Mark Jankowski| Salary Cap

6 comments

Latest On Jack Eichel’s Trade Market

June 25, 2021 at 6:11 pm CDT | by Zach Leach 20 Comments

While Jack Eichel’s potential trade availability has dominated the headlines in recent weeks, there has actually been very little concrete information to come out about his market. The assumption is that every team will at least kick the tires on the superstar forward, but also that the Buffalo Sabres will have a hefty asking price that some may not want to pay and many others simply won’t be able to. The remaining group of possible landing spots could be small. To this point though, there has been little word on which teams fall into which categories – until now.

One team very much in the mix for Eichel is the Minnesota Wild. The Athletic’s Michael Russo has confirmed that Wild GM Bill Guerin has opened trade talks with the Sabres’ Kevyn Adams. Minnesota had a strong, resurgent season but still lacks star power at the center position, so it is no surprise that Guerin is interested. The Wild already have their plate full with extensions for Kirill Kaprizov, Kevin Fiala, and Joel Eriksson Ek, but it stands to reason that a potential Eichel trade would likely see one of the latter two heading to Buffalo. Russo points out that the salary cap would necessitate another roster player likely moving as well, while a top prospect such as Marco Rossi or Matthew Boldy would certainly be part of the package too. It’s a heavy price to pay – and that might not even be the full ask – but Buffalo knows that someone will pay up for Eichel. Russo warns that the Wild are an up-and-coming team and need to be completely sure of Eichel’s health status before making the expensive, long-term commitment and franchise-altering decision to acquire him.

Not everyone is willing to take that risk and the Columbus Blue Jackets are one of them. The Athletic’s Aaron Portzline writes that Columbus GM Jarmo Kekalainen has been busy working the phones and analyzing the trade market and Eichel has of course earned “due diligence.” However, he indicated that this was the extent of his trade talks with Adams. Portzline reports that a key piece of the Sabres’ asking price is a center with first-line potential and the Blue Jackets do not have anyone who fits that description. To make up for that deficit, Columbus’ would likely have to pay an exorbitant price to acquire Eichel. The likely package would include at least the No. 5 overall pick, if not multiple first-rounders, multiple young roster players, probably including goaltender Elvis Merzlikins, and a top prospect or two. That cost doesn’t make much sense for a team that, at best, is re-tooling but could be considered rebuilding. Portzline suggests that another Sabre, Sam Reinhart, has also been linked to the Blue Jackets and would be a better fit in many ways.

Other suitors are expected to include the Anaheim Ducks, Los Angeles Kings, and New York Rangers, but so far those organization have not let any details of their pursuit slip out. There is of course also the chance that Buffalo simply retains Eichel, as a fair return could be very difficult to come by. Until then though, this is a storyline that will continue to dominate the off-season.

Bill Guerin| Buffalo Sabres| Columbus Blue Jackets| Minnesota Wild Jack Eichel| Kevin Fiala| Kevyn Adams| Kirill Kaprizov| Marco Rossi| Matt Boldy| Salary Cap

20 comments

Tampa Bay’s LTIR Usage Investigated By NHL, No Wrongdoing Found

June 13, 2021 at 1:14 pm CDT | by Zach Leach 30 Comments

As could have reasonably been expected, the Tampa Bay Lightning have faced some criticism of their handling of the salary cap this season, especially as they race toward what could very likely be back-to-back Stanley Cup Championships. The Lightning employed the Long-Term Injured Reserve to keep forward Nikita Kucherov off the pay roll for the entire 2020-21 regular season, allowing them to re-sign other players and add at the trade deadline by using the entirety of his $9.5MM cap hit as added space. Then, when the postseason began and the salary cap was no longer a factor, the 2018-19 Hart Trophy winner was ready to return, looking fresh and looking no worse for wear. At best, the timing of it all was extremely lucky. At worst, it was salary cap circumvention.

Defending his team against these allegations, Tampa GM Julien BriseBois tells Sportsnet’s Josh Beneteau that the NHL did in fact investigate the club’s LTIR usage and found that they had not broken any rules.  The league had issued a warning earlier this season, with an unusually high number of teams using the LTIR, that they would be monitoring those transactions and would investigate. This was the case with Kucherov, but nothing about the Bolts’ actual transactions raised any alarms. After all, the LTIR, for all intents and purposes, is a legal form of circumvention. If other clubs are upset with how it is being used, it is an area that will need to be addressed in the next CBA negotiation in 2026.

However, the vast majority of complaints were not how the LTIR itself is structured or was used by Tampa, but rather the suspicious timing of Kucherov’s rehab lasting through the entire regular season but not into any of the postseason. BriseBois noted that this too had to be proven to the league. “We had to be able to justify the surgery, the rehab time, (and) the return to play clearance,” he told Beneteau. “Sometimes the stars align for you,” he added, qualifying what others believed to be a designed manipulation of the LTIR system. If the NHL was convinced that the timing was just right, then other teams and fans alike should be as well. BriseBois is right though – the team certainly got lucky and that luck might just lead them to another title.

CBA| Legal| NHL| Tampa Bay Lightning Julien BriseBois| Nikita Kucherov| Salary Cap

30 comments

Anaheim Ducks Hire Jeff Solomon As Assistant GM, VP Of Hockey Ops

May 24, 2021 at 7:39 pm CDT | by Zach Leach 4 Comments

A name well known to NHL hockey in Southern California is on the move, but isn’t going far. Long-time Los Angeles Kings executive Jeff Solomon has joined his former team’s most bitter rival. The Anaheim Ducks have formally announced Solomon as their new Assistant General Manager and Vice President of Hockey Operations. He fills the position left behind by the recently-retired David McNab. Solomon served as VP of Hockey Ops (later Senior VP and Executive VP) over 14 years across town with the Kings.

Solomon, 63, has spent 35 years in hockey, first as an agent and then with L.A. since 2007. His role with the Ducks will be very similar to how he served the Kings. Solomon will work primarily in “strategic budget planning”, managing the salary cap, negotiating contracts, and handling salary arbitration proceedings. Of course, Solomon will also have some input into player evaluations and personnel decisions.

A long-time Californian, Solomon oversaw two Stanley Cups ins L.A. but is now on to a new challenge in Anaheim. Whereas the Kings have considerable cap space heading into the off-season, the Ducks are more limited with only 15 regulars under contract, a number of restricted free agents in need of new contracts, and $22.555MM to add a much-needed boost of talent to the roster. With that said, Solomon also enters a situation where the organization has budding stars at forward and defense in Trevor Zegras and Jamie Drysdale, a deep pipeline at all positions, and a guaranteed top-four pick this year. His job of managing the cap will be made much easier if the Ducks impressive group of entry-level players all take a step forward next season.

 

Anaheim Ducks| Arbitration| Los Angeles Kings| Players Jamie Drysdale| Salary Cap

4 comments

Vancouver Canucks Will Consider Buyouts This Offseason

May 21, 2021 at 1:57 pm CDT | by Gavin Lee 3 Comments

When the Vancouver Canucks signed Loui Eriksson to a six-year, $36MM contract on July 1, 2016, it was almost immediately met with concern from many who believed it would not go well. After all, Eriksson was going to turn 31 just a few weeks after inking the deal and was coming off a year which saw him shoot 16.3% to rack up 30 goals. Still, there was some hope that he would be able to age gracefully and be a solid contributor throughout the deal, even if he wasn’t a first-line option. After one season in Vancouver, it was obvious that wasn’t going to happen.

Eriksson wasn’t the only bad contract handed out on that day. Milan Lucic, Andrew Ladd, David Backes, Kyle Okposo, and others were also given long-term deals that haven’t panned out, but the Canucks winger has been the poster boy for that disastrous free agent class. Through five seasons in Vancouver he has scored 38 goals and 90 points in 252 games, has cleared waivers twice, and spent almost the entire 2020-21 campaign on the taxi squad. Canucks fans have been clamoring for an Eriksson buyout for years now, but as we examined just two days after it was originally signed, the structure of the contract made it relatively buyout-proof.

At today’s end-of-season media availability, Vancouver GM Jim Benning indicated to reporters including Thomas Drance of The Athletic that the team will explore buyouts this offseason. While the mind may immediately jump to Eriksson when Benning mentions the buyout process, the now 35-year-old forward actually doesn’t seem the most likely candidate.

That structure that made Eriksson’s deal so difficult to buy out in previous years is still there, and the Canucks would still be on the hook for a $4MM cap hit next season if they bought him out this summer. They would also face a $1MM cap hit in 2022-23. By moving Eriksson to the minor leagues, they can already bury $1.125MM of his cap hit next season (the amount will increase because the league minimum salary is moving to $750K), more than half of the buyout savings but without the 2022-23 penalty.

So if not Eriksson, who else could face the buyout machine?

Jake Virtanen, who finished the season with just five goals and zero assists in 38 games this season is an option. Because he is still just 24, the Canucks would be on the hook for only one-third of the remaining salary on his contract. It would mean carrying a $50K cap hit in 2021-22 and $500K in 2022-23. Virtanen has shown flashes of top-line potential since being selected sixth overall in 2014, but they have come far too infrequently. Antoine Roussel is another candidate, but like in the Eriksson situation, thanks to a front-loaded contract a buyout wouldn’t actually save much more than simply waiving him and stashing him in the minor leagues. The Canucks would be on the hook for a cap hit of $1.73MM (compared to a $1.875MM if stashed in the minors) in 2021-22 and $633K in 2022-23 with a Roussel buyout.

Even though the Canucks are in salary cap trouble, there aren’t actually a ton of obvious candidates for buyouts this summer. Instead, they may have to try and trade some of the bad money out if they want to clear real room for players like Elias Pettersson and Quinn Hughes, who both are restricted free agents in need of new contracts.

Photo courtesy of USA Today Sports Images

Jim Benning| Vancouver Canucks Antoine Roussel| Jake Virtanen| Loui Eriksson| Salary Cap

3 comments

Ondrej Kase Returns To Practice, Could Play For Boston This Week

May 8, 2021 at 11:05 am CDT | by Zach Leach 2 Comments

For the first time in 110 days, the Boston Bruins had winger Ondrej Kase back at practice on Friday. Kase suffered a concussion in just the second game of the season back on January 18, at least the fourth of his pro career, and had been unable to return to team activities ever since. There have been various reports for months about Kase skating, both independently and with the team, but he had never formally returned to practice. That changed yesterday, as the team reported that Kase was a full participant and taking line rushes. Head coach Bruce Cassidy addressed the excitement over Kase’s return by noting that Kase would not play on Saturday, but could return to the lineup in one or both of the Bruins final games on Monday and Tuesday – if he was feeling up to it.

Of course, expectations should be tempered for Kase’s return to game action after so much missed time. On talent alone, Kase likely has a spot in the lineup, even in the Bruins deep forward corps, but it will take him some time to get back up to speed. The former Anaheim Ducks standout was acquired last year in a deal that saw a first-round pick and promising prospect defenseman Axel Andersson head to Anaheim, so expectations have always been high for the 25-year-old forward. However, after missing eight games down the stretch and two in the playoffs last year due to injury (unrelated to concussions) and most of this season, Boston has still not seen much of Kase and may not rush him into the lineup. Playing in the final regular seasons games is a good start, but may not guarantee him a spot to begin the playoffs.

With that said, Kase did record four points in the postseason last year while showing chemistry with center David Krejci and playing top-six minutes for the Bruins through the team’s playoff run. While a spot next to Krejci may not be available right now, given the recent success that the veteran has had with Taylor Hall and Craig Smith, Kase could provide a spark to a third line that has not had as much luck. Kase split reps in practice on Friday at third-line right wing, skating with Sean Kuraly, Nick Ritchie, and Jake DeBrusk. Charlie Coyle will also be back in the third line mix when he returns from his own injury. With all but Coyle having spent time on the fourth line at times this season, Kase could prove himself worthy of a third line role thus knocking one of the others down the lineup. While injuries have prevented Kase from playing more than 66 games in any of his five NHL seasons, his 82-game pace during his time in Anaheim projected 20+ goals and 40 points while his posession stats have been consistently strong, numbers the Bruins can’t ignore for long if Kase is at full strength.

The Bruins face a series of difficult decisions this off-season regarding Kase and will certainly appreciate some added action this season with which to make their determination. A restricted free agent, Kase is owed a $2.6MM qualifying offer in order for Boston to retain his rights. While the club does not have the same serious salary cap issues as many other contenders, that is a sizeable amount of space to commit to a player that still remains such a mystery. If the Bruins do decide to qualify Kase, which is probably more likely than not, the next question will be how negotiations go from there. Does Kase accept his QO as a “show me” deal in 2021-22? Do the two sides discuss a multi-year extension, perhaps even at a lower AAV? Or does Kase instead file for salary arbitration and try go get more money based on his potential? The Bruins must also decide if Kase’s upside is worth protecting from the Seattle Kraken in the upcoming NHL Expansion Draft or if they can take the risk of the league’s newest team not selecting a player with an extensive injury history. There are more questions than answers when it comes to Kase, but both sides hope that his return to practice and possibly game action could lead to some playoff impact that helps to clarify the situation and lead to an extension in their relationship.

 

Anaheim Ducks| Arbitration| Boston Bruins| Bruce Cassidy| Expansion| Injury| Seattle Kraken Charlie Coyle| Craig Smith| David Krejci| Jake DeBrusk| Nick Ritchie| Ondrej Kase| Salary Cap| Sean Kuraly| Taylor Hall

2 comments

NHL Not Opposed To Third-Party Salary Retention In Trades

April 15, 2021 at 8:42 pm CDT | by Zach Leach 17 Comments

Perhaps the story of the NHL Trade Deadline, since it certainly wasn’t the quantity of trades or the numerous star players on the move, was the advent of the third-party salary cap broker in trades. Three different deals were made at the deadline that included three teams, with the third team strictly being used as a means to retain salary on the centerpiece player moving to a contender short on cap space. In each one, the third team retained the maximum 50% of salary after the seller had also retained 50%, leaving the buyer with just 25% of the player’s cap value. For their part, the third team received a draft pick from the buyer and were able to shed a minor league salary as well.

The Tampa Bay Lightning first used the Detroit Red Wings to broker the trade of defenseman David Savard from the Columbus Blue Jackets. Tampa had been expected to be quiet at the deadline given their miniscule cap space, but ended up getting one of the best defensemen on the rental market. Next, the Toronto Maple Leafs employed the San Jose Sharks as the middle-man for their acquisition of Nick Foligno, again from the Blue Jackets. Toronto had little cap flexibility and a long shopping list at the deadline and would not have been able to add Foligno without help. Finally, San Jose volunteered to be the third team again the deal that sent Mattias Janmark from the Chicago Blackhawks to the Vegas Golden Knights. Vegas has had the worst cap situation of any team in the league this season, restricted from making standard roster moves and several times forced into short-handed lineups. Yet, using this new three-team retention format they were able to add a top rental.

This all poses a question that at least a few other NHL clubs have been asking: should this be legal? The NHL has cracked down on salary cap circumvention in the past and there appear to be some who believe this is simply the newest version, allowing cap-strapped contenders to acquire players that they never could otherwise. However, according to TSN’s Pierre LeBrun on the latest edition of “Insider Trading“, this is one perceived problem that the league will not tackle. LeBrun reports that the league has been well are of this method of trade and were not fooled by the deals made at the deadline this year. After all, it was more than three years ago now when the Pittsburgh Penguins seemingly invented this formula – albeit in a more complete hockey trade – in the Derick Brassard deadline deal with Vegas and the Ottawa Senators. The Golden Knights then used the format to their advantage just last year, adding Robin Lehner from the Blackhawks via a cap-retention pitstop in Toronto. Clearly, there is a group of teams who have taken to this specific style of three-team trade, with Vegas and Toronto chief among them, and there are others who are not happy about it. As such, the NHL has already done its due diligence on the legality and will not take action.

Their reasoning? There simply is no cap circumvention occurring here. LeBrun relays that the league has no issue with a third team being used solely for cap retention, as hockey capital is being acquired by all parties. The Red Wings and Sharks received mid-round draft picks in exchange for their assistance and were even allowed to help balance the checkbook by sending out another contract. The NHL feels that this is a valid use of cap space as an asset to make a legitimate trade. So while it does create situations in which the rich get richer without otherwise having the cap space to do so, all parties are being reasonably compensated within the NHL rulebook. Teams may not like it, but that doesn’t make it illegal. And with the flat cap environment likely to continue for another year or two, this style of trade isn’t going away any time soon.

Chicago Blackhawks| Columbus Blue Jackets| Detroit Red Wings| Legal| NHL| Ottawa Senators| Pittsburgh Penguins| Players| San Jose Sharks| Tampa Bay Lightning| Toronto Maple Leafs| Vegas Golden Knights David Savard| Derick Brassard| Mattias Janmark| Nick Foligno| Salary Cap

17 comments

Toronto Maple Leafs Acquire Riley Nash

April 9, 2021 at 5:21 pm CDT | by Gavin Lee 7 Comments

Riley Nash may not play again during the regular season, but he’s now in a situation where the playoffs could be a possibility. The Toronto Maple Leafs have acquired Riley Nash from the Columbus Blue Jackets in exchange for a conditional seventh-round selection in 2022. Nash is expected to miss four to six weeks with a sprained knee, meaning he essentially is a playoff pickup for the Maple Leafs. If he plays in 25% of the Maple Leafs’ playoff games this season, the seventh-round selection will become a sixth-rounder.

The veteran forward will likely be put on long-term injured reserve through the end of the season, meaning his cap hit is basically irrelevant to the Maple Leafs. Toronto had placed Frederik Andersen on LTIR earlier today as well, meaning the team can go further into the extra room with Nash placed there. Once the playoffs begin, the salary cap isn’t used, meaning Toronto could activate both players without penalty.

It may seem complicated, but at the end of the day, this is the Maple Leafs exercising their financial power to grab some added playoff depth at a very low cost. Nash may not even be ready to contribute this season, but for just a seventh-round pick it’s a worthwhile gamble. The 31-year-old center isn’t much of an offensive presence, with just two goals and seven points through 37 games this season, but has long been lauded for his checking abilities and defensive prowess.

For Columbus, getting anything back for an expiring contract that wasn’t going to play again this season is a win, though obviously, they would have rather moved him without the injury involved. The Blue Jackets aren’t technically out of the playoff race in the Central Division, but after losing Nash, Boone Jenner, and Zach Werenski over the last few days, things aren’t looking good.

This move does not take Toronto out of the running for another forward, in fact, it could give them even more cap flexibility depending on Andersen’s injury situation. GM Kyle Dubas has been open about his desire to improve the club with rentals, pushing some chips to the middle in this unique season.

Columbus Blue Jackets| Toronto Maple Leafs Salary Cap

7 comments

Trade Deadline Primer: Tampa Bay Lightning

April 7, 2021 at 9:11 pm CDT | by Zach Leach 2 Comments

We are now less than a week away from the NHL Trade Deadline and talks are heating up. Where does each team stand and what moves should they be looking to make?  We continue our look around the league with the Tampa Bay Lightning.

The defending Stanley Cup champion Tampa Bay Lightning needed to look for a new challenge this season after stomping the competition in the 2020 postseason. They decided that if the league’s teams weren’t good enough to beat them, they would just take on the league itself. This season, the Lightning have stretched the NHL’s hard salary cap to it’s limit. Some might even throw the word “circumvention” out there. Tampa has managed to hold on to it’s extremely talented and fairly compensated roster due almost entirely due to the timely injury of Nikita Kucherov and the acquisitions of other injured players Marian Gaborik and Anders Nilsson. The Bolts have over $17MM in salary on Long-Term Injured Reserve – and they’ve used up all but $370,500 of it. There is zero space for the Lightning to do anything at the trade deadline beyond a minor depth addition, but they will get a major boost in the postseason with the return of Kucherov. Barring another opportunistic injury or a hockey trade that no one sees coming, the Bolts may have to settle for that this season.

Record

26-11-2, .692, 3rd in Central Division

Deadline Status

Stand Pat

Deadline Cap Space

$0MM in full-season space ($371K in LTIR space), 0/3 retention slots used, 45/50 contracts used per CapFriendly

Upcoming Draft Picks

2021: TBL 1st, TBL 3rd, TBL 4th, TBL 5th, TBL 6th, NJD 7th, NSH 7th, TBL 7th
2022: TBL 1st, TBL 3rd, TBL 4th, TBL 5th, TBL 6th, TBL 7th

Trade Chips

There is a difference between what the Lightning could offer and what they will offer, given that they are in no position to make much of a trade. It is unlikely that the team is going to move any of their roster players to open up space, so even though pieces like Tyler Johnson and Alex Killorn may seem expendable, it is hard to imagine the team trading them in-season as opposed to waiting for the off-season.

As a result, Tampa has little space to work with and that means their targets will not be high-priced pieces. The most likely result for the Bolts is that they add a cheap depth piece in exchange for a late pick or low-end prospect. Those are the “chips” that will probably move, if there is any move at all.

In the event that Tampa tries to make a bigger move, using the very limit of their salary cap potential despite the risks, they will still be looking at a picks-and-prospects scenario in this buyer’s market. Without a second-round pick for the next two years, the Lightning’s first-rounders are probably off the table unless they are asking a team to give up one of the top rentals on the market and retain the maximum 50% of his salary in order to make the deal work under the cap. The likelihood of such a deal is low. Expect for them instead to dangle multiple mid-round picks and prospects like Jack Finley or Jack Thompson if they really want to make a splash.

Others to Watch For: F Taylor Raddysh ($833K, RFA), F Boris Katchouk ($833K, RFA), F Alex Barre-Boulet ($759K, RFA), F Sam Walker (Draft Rights), D Eamon Powell (Draft Rights)

Team Needs

1) Defense – If, and it’s a big if, the Lightning are able to find a way to clear enough cap space to add a player of note at the deadline, it has to be on the blue line. The forward corps is deep and talented and will only get better once the postseason arrives and Kucherov can return. The net is well-manned, with Andrei Vasilevskiy enjoying another Vezina-caliber season. Both of those units remain largely unchanged from last season’s title-winning lineup. However, the defense has taken a hit. The top four is still stout, but the bottom pair and depth options range from young and inexperienced to old and ineffective. Tampa could really use a stabilizing force on the back end, especially with Jan Rutta sidelined and Erik Cernak dealing with a nagging injury. Of course, cost will be a factor. Without making a trade to move out salary, the Bolts can only open up another $1.5MM max and still be able to ice a full lineup, demoting the likes of Luke Schenn and Ben Thomas. That leaves the Bolts with a maximum $1.9MM or so to acquire a defenseman, but adding that much salary is a risk should another injury occur. The need is there, but the means to address it are problematic. The team likely thinks small with a value addition.

Deadline Primer 2021| Injury| Prospects| RFA| Tampa Bay Lightning Alex Barre-Boulet| Alex Killorn| Anders Nilsson| Andrei Vasilevskiy| Erik Cernak| Jack Finley| Jan Rutta| Luke Schenn| Marian Gaborik| Nikita Kucherov| Pro Hockey Rumors Originals| Salary Cap

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Sharks Open To Adding Salary In Trades

March 31, 2021 at 7:30 pm CDT | by Brian La Rose 3 Comments

With so many teams up against the salary cap this season, the trade deadline is going to largely be about clearing out money.  Some of the teams with surplus cap space don’t appear to be willing to use it but as Pierre LeBrun reports in his latest piece for The Athletic (subscription link), the Sharks are letting teams know that they’re willing to take on money as long as it comes with another asset or two in the process.

San Jose isn’t a typical buyer in terms of their placement in the West Division where they sit tied for sixth place and are six points out of the final postseason spot which is currently held by St. Louis.  However, with the team having the ability to add more than $8MM in contracts per CapFriendly, they could certainly pick up a player or act as a third-party facilitator in which they acquire a player and retain part of the contract before flipping him to a third team.

The Sharks have more than $68MM tied up in payroll commitments for 2021-22 already to just 13 players which is going to limit what they can do.  In order to keep what little space they have available, GM Doug Wilson would be wise to restrict himself to taking or retaining on expiring contracts.  It’s worth noting that they have not used any of their three salary retention slots for this season.

As a result of several win-now moves made in recent years, San Jose’s prospect pool has been weakened and they don’t have a full complement of draft picks in either the 2021 or 2022 drafts.  While teams technically can’t buy draft picks, it certainly seems as if the Sharks may be willing to get creative to ultimately accomplish just that.

San Jose Sharks Salary Cap

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