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San Jose Sharks Likely To Buy Out Paul Martin

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With Evander Kane’s extension on the book now, the San Jose Sharks salary cap is much more constrained than it was a year ago. Now, The Athletic’s Kevin Kurz reports there is a “strong possibility” the Sharks plan on easing their salary cap by buying out defenseman Paul Martin next week when the window opens on June 15th. A buyout would save the team approximately $2.8MM in cap space for next season.

The Sharks signed Martin to a four-year, $19.4MM contract back in 2015 to provide a veteran presence to their veteran team. Unfortunately after two solid seasons, Martin really struggled this year. The 37-year-old started the season playing two games, but he never recovered from an ankle injury from the offseason, prompting to miss the next two months of the season. When he returned in December, he found that his position had been taken by Joakim Ryan and the veteran was finally waived in January. He played with the AHL’s San Jose Barracuda for 18 games before returning to his usual spot alongside Brent Burns. However, he was too slow which showed during the playoffs against the Vegas Golden Knights. He was responsible for the Golden Knights Game 3 game-winning overtime goal and lost his job for the rest of the series to Ryan again.

With a buyout, instead of taking Martin’s entire $4.85MM cap hit this year, the team would instead take a 2.02MM cap hit this year and a $1.42MM cap hit in 2019-20, which would save the team close to $2.8MM for next season. With Kane on the books for $7MM AAV for the next seven years and several restricted (Tomas Hertl, Chris Tierney) and unrestricted free agents (Joe Thornton, Eric Fehr, Joel Ward) they must deal with this offseason, as well as the potential extensions available to the Sharks for Logan Couture and Joe Pavelski, the team needs to free up as much cap as possible.

Free Agent Focus: Chicago Blackhawks

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Free agency is now a little more than a month away from opening up and there are quite a few prominent players set to hit the open market while many teams have key restricted free agents to re-sign.  Here is a breakdown of Chicago’s free agent situation.

Top Restricted Free Agent: F Vinnie Hinostroza — For the second year in a row, Hinostroza got some quality time with the Blackhawks, totallying 99 games in those two seasons. However this year, the 24-year-old forward really showed that he can contribute at a high level. In 50 games this year, Hinostroza found himself working between the second and third lines, totaling seven goals and 25 points, while logging more than 13 minutes of ice time per game. As Chicago becomes more and more reliant on youth to fill in the gap for some of their aging veterans, the team needs Hinostroza to take that next step as a bonafide top-six center.

Having made just $925K this past year, he still is likely to have quite a low salary for a few more years, which is exactly the kind of value the ’Hawks need to rebound and compete for a playoff spot next year.

Other RFA’s: D Adam Clendening, F Anthony Duclair, F John Hayden, F Tomas Jurco.

Top Unrestricted Free Agent: D Cody Franson — Perhaps a better word is ’none.’ There are no key unrestricted free agents unless you look real deep on their roster. You would have to look at players who the team moved to Rockford near the trade deadline when the team decided to give their young players as much playing time as possible. Franson was one of those players, who possesses the offensive talents, but lacks the defense to compete at an NHL level and has bounced around the league looking for a permanent home. Don’t count on Chicago being that place as a recent report suggests he’s not expecting to return next season. He tallied just a goal and six assists in 23 games, but was put on waivers in January.

Other UFA’s: F Lance Bouma, F Christopher Didomenico, G Jeff Glass, F Andreas Martinsen, D Michal Rozsival, D Viktor Svedberg, F Jordin Tootoo.

Projected Cap Space: The salary cap has not been Chicago’s friend over the past few years with big contracts the team handed out to Patrick Kane, Jonathan Toews, Duncan Keith and Brent Seabrook, among others. However, the team has done a good job of moving some contracts and have $6.1MM of cap space available to them, and that’s not including the assumption the cap could go up $5MM next season. The team might have the ability to bring in a free agent or two to help aid the veterans in making a playoff comeback this year. While it’s not likely to include a high-priced free agent, their available cap space should be an asset for the coming season.

Doughty, Kings Progressing On An Extension

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As is always the case, a much-anticipated free agent market loses many top names before it actually opens. As it currently stands, the talent level and depth of the potential 2019 class makes it one of the best the NHL has ever (hypothetically) seen. However, each player in that class can sign an extension beginning on July 1st of this year and has an entire calendar year before they become available. In that time, this epic free agent group could shrink considerably.

One of the top names already seems destined to be removed from the market. For a time, it was believed that Los Angeles Kings defenseman Drew Doughty may test the open waters of free agency and could even be the final piece of the championship puzzle for his hometown Toronto Maple Leafs. However, Doughty has made it clear in recent months that his preference is to remain in L.A. Now, Sportsnet insider Nick Kypreos reports that the two sides are already closing in on an agreement to make that happen. Given that an extension offer cannot even officially be made for another month, this early progress seems to indicate that this deal will get done.

According to Kypreos, the 28-year-old Norris Trophy-winning defender will get a significant raise in his next contract over what is already a considerable cap hit at $7MM. Doughty has gone on the record as saying that he would like to be paid more than Nashville Predators blue liner P.K. Subban, who is currently the highest-paid defenseman in the league at $9MM AAV. Kypreos estimates that Doughty will land somewhere in the $10.5-11MM per year range on a long-term deal, which would make him the new top dog among defenseman – until Erik Karlsson hits the market. While it may seem overwhelming that the Kings would have two players, captain Anze Kopitar being the other, making $10MM+, a rising salary cap would make it much less of a burden than it has been on the only other team in that scenario, the Chicago Blackhawks. L.A. would have two of the league’s best players locked up long-term and would not be as strapped for space to build around them in pursuit of more championships for one the best teams in this century.

Pittsburgh Is Not Looking To Trade Phil Kessel

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Following the recent report from The Athletic’s Josh Yohe that Penguins star forward Phil Kessel was upset about his usage in the playoffs and that he and head coach Mike Sullivan were at odds that had led the team to look at moving Kessel, colleague Pierre Lebrun clarified the situation after speaking with Pittsburgh GM Jim Rutherford. LeBrun reports that Rutherford feels the rumors of dissension in the locker room have been “blown out of proportion”. If this sounds familiar, it is because Rutherford responded to Kessel rumors similarly last summer and, of course, he was not traded. It appears to again be a topic that is inflated by the media more than it is grounded in reality.

Rutherford tells Lebrun that both he and Sullivan understand that it is Kessel’s preference to play with Evgeni Malkin, but defends his coach, saying “there’s times where they play together, when they’re both really going, and there’s times when they don’t… (Sullivan) believes balance throughout the lineup is the best way to win, and we won two Cups that way”. He continues that “for someone to suggest it’s an issue within our team, that can’t be taken care of or resolved, I don’t believe that’s accurate… I don’t feel that we have to trade Phil Kessel.”

If there is no discourse, why would the Penguins trade Kessel? Yes, there are salary cap concerns, but some of those could be eliminated by the estimated significant cap increase, while others could be assisted by shipping out a less-crucial player like Carl Hagelin or Matt Hunwick. After all, Kessel’s 92 points this season did finish tied for seventh in the league in scoring – ahead of Sidney Crosby – and he was among the league’s best in goals, assists, and power play production. At a reduced cap hit courtesy of the Toronto Maple Leafs, the Penguins would much rather keep Kessel and his enormous output rather than try to find a fair return for him. If not for the rumored rift between he and Sullivan, there is little reason they would rush to deal him away. It appears that we can close the book on this hypothetical, at least until next off-season.

Poll: Impact Of The Estimated Cap Increase

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Earlier this week, Commissioner Gary Bettman and Deputy Commissioner Bill Daly spoke with the media about many different league topics. Perhaps the biggest news to come out of the press conference was Daly’s estimation of the salary cap for next season. Daly believes that the salary cap will fall somewhere between $78MM and $82MM, meaning that there will be a significant increase in the salary cap. The cap limit has increased by $2MM or less in each of the past three seasons, but the low point of the estimated range would already be a $3MM increase over the 2017-18 cap number. If it ends up near the top of the range, it will likely be the largest jump in the salary cap in league history.

Whatever the result, the cap increase will undoubtedly affect this off-season. Prior to Daly’s projection, teams like the Los Angeles Kings, Pittsburgh Penguins, Chicago Blackhawks, and Tampa Bay Lightning were going to face an immense cap crunch this summer and likely would have been forced to shed salary. Those teams can now breathe easier. However, teams on the lower end of the salary spectrum who don’t spend to the cap, such as the Carolina Hurricanes and Arizona Coyotes, will find it even harder to catch up in a market that that has lessened its grip on the stronger, higher payroll teams. With a higher cap comes salary inflation, which is another struggle for small market teams. The cap increase may also allow for some of the bigger talked-about trades and free agent movement – John Tavares, Erik Karlsson, Phil Kessel, ect. –  to happen. However, the flip side is that a salary cap increase gives teams incentive to add, but not subtract and could lessen the amount of total trades we see this summer.

What do you think? Is this potentially historic increase in the salary cap ceiling a good thing for the league?

Bruins Notes: Free Agents, Czarnik, Injuries, Draft

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Boston Bruins GM Don Sweeney spoke with the media today from the NHL Draft Combine in Buffalo and was very up front about the team’s plans this off-season. The Bruins exceeded expectations this season with a young team that finished with one of the best records in the NHL. Sweeney has previously stated that he would like to return many of the team’s impending unrestricted free agents – Anton Khudobin, Riley Nash, Rick Nash, Tommy Wingels, Tim Schaller, Nick Holden, and Austin Czarnik – but due to salary cap restraints and a promising prospect crop in the AHL in need of opportunity, he did not expect that all would be back. Today, Sweeney went in a different direction, confirming that the team would not offer new contracts to several other free agents: Brian Gionta, Kenny Agostino, and Paul Postma. The announcement should come as no surprise, as the trio all underwhelmed in Boston this season. A late addition to the team for the stretch run and postseason, Gionta looked as if he would have been better off retiring after the Olympics. The veteran forward contributed only seven points in 20 regular season games and played in just one playoff game, in which he was a liability against the fast-paced Tampa Bay Lightning. Gionta is likely to call it quits for good this off-season. Agostino, the 2017 AHL MVP, not only made little difference in Boston with just one point in five games, but finished the minor league season in Providence with 30 points less than his MVP campaign in only one less game. Agostino will need to search for a new home for the third straight summer. Postma, while not necessarily a disappointment in Boston, ended up being of little use to the team. The relative health of the Bruins’ four right-handed defenseman and the emergence of rookie Matt Grzelcyk on the left side made Postma the #8 option for much of the year. He was unable to even retain that role after the Bruins acquired Holden at the trade deadline. Overall, Postma played in 14 games in Boston, recording just one point, before clearing waivers and being assigned to the AHL, where he played another 17 games with Providence in the regular season and postseason. The long-time Winnipeg Jets defender will be on the hunt for a more regular NHL role next year, if he can find one.

  • Sweeney briefly touched on the situation with Czarnik, which has put the Bruins in somewhat of a pickle. Czarnik, 25, played in 49 games as a rookie with Boston in 2016-17, but lost out on a roster spot this year to the likes of fellow youngsters Jake DeBrusk, Danton Heinen, Anders Bjork, and Sean Kuraly. Czarnik managed to play in ten games for the Bruins, and looked good doing so with four points, but roster restrictions forced him back to the AHL each time. In the minors, Czarnik was unstoppable with 69 points in 64 games – good enough for third in the AHL scoring race. It was an impressive performance, but still not good enough to vault Czarnik back to the top of a Bruins’ prospect pipeline that is very deep, especially at center. Ideally, the Bruins would have liked to deal Czarnik as a restricted free agent with his value at its highest. However, as a 25-year-old with three pro seasons under his belt but less than 80 NHL games played, Czarnik instead qualifies for Group 6 unrestricted free agency per the NHL CBA and is free to sign with any team. Sweeney expressed that both the team and Czarnik have not closed the door on an extension, but that he feels Czarnik is “intrigued by what may exist elsewhere”. There will surely be a market for the swift, play-making forward and a return to Boston seems unlikely.
  • Sweeney also updated the injury status of his team, revealing that banged-up checkers Schaller and Noel Acciari both underwent surgery following the season. The Bruins’ fourth line, while not much of an offensive threat, was one of the best defensively this season. However, their play began to tail off in the postseason and the major injuries for Schaller and Acciari certainly lend some explanation to that trend. The duo were just two of myriad injuries for Boston, but join only Brandon Carlo in going under the knife. Sweeney stated that the rest of the injured – Torey Krug, Zdeno Chara, Patrice Bergeron, Brad Marchand, David Backes, DeBrusk, Nash, and Nash –  will all avoid surgery for now.
  • Finally, Sweeney responded to a question about whether or not he would try to trade back into the first round of the NHL Draft next month. The Bruins sent their first-rounder to the New York Rangers in the Rick Nash deal and do not own any other team’s pick. Sweeney seemed hesitant to promise anything, saying that it is “hard” to trade back in, but did add that “you never know what some team may want to do”. In a draft class that many feels runs out of elite prospects after the first  15 or so selections, Boston may not be scrambling to trade current or future assets for a first-round pick anyway. With a late second and an early third from the Florida Panthers, the Bruins should be able to add two players with similar career projections to some late first-round picks. Even if they don’t get a future star, the Boston system is one of the best in the league with more than enough talent pushing for play time in the NHL as it is.

Offseason May Bring Improvement, Danger For Montreal Canadiens

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The Montreal Canadiens head into this offseason with some clear holes on their roster. The most glaring of those needs is down the middle, where the team has lacked any sort of depth at center for many years. The team has tried Jonathan Drouin and Alex Galchenyuk in the role, but neither seem perfectly suited to handle big minutes at the position. Drouin will likely be tested there again, but many have suggested that the Canadiens go out and use their ample cap space to go free agent hunting. John Tavares is the obvious first choice if he reaches July 1st without a contract from the New York Islanders, but others like Paul Stastny, Joe Thornton, Tyler Bozak or even Derek Ryan could all bring some level of improvement to the team.

There is also the trade market, where names like Ryan O’Reilly, Sam Bennett, Ryan Nugent-Hopkins, and others are still floating around. The Canadiens will obviously look to upgrade, but they also have to be extremely careful in who they acquire, and how much—or perhaps more importantly how long—they pay them.

Even if they do nothing, Montreal will likely be a better team in 2018-19. Shea Weber and Carey Price should return with some modicum of health, while Drouin will have a full year of experience under the spotlight. Victor Mete, Noah Juulsen, Nikita Scherbak and Artturi Lekhonen could all take steps forward to become impact players, and the team owns the third-overall pick in this year’s draft. There’s no guarantee that a player like Filip Zadina would be able to step right into the NHL and contribute, but the Canadiens will obviously be able to add an elite prospect to the mix. The temptation of supplementing these players with some free agent help will be there, but it could just as easily backfire for the team.

Last summer the Canadiens handed out a five-year deal to Karl Alzner who, while not a disaster on the ice, failed to live up to some lofty expectations. While logging more than 20 minutes a night, Alzner wasn’t a shutdown defensive presence like many had hoped and now looks slightly overpaid at $4.6MM. Drouin didn’t quite live up to expectations either, though there is no reason to doubt that he has another gear ready for next season.

If anything can be learned from the Alzner contract, it’s that the Canadiens have to be careful not to fall into the trap of paying the best player available like he’s the best player at the position. Last year’s free agent market was remarkably thin, and while this season looks to have a better group, any of the names mentioned above are far from sure things. Even Thornton, who will go down as one of the league’s all-time great setup men, isn’t the same first-line center he once was.

Montreal heads into next season with plenty of cap room, but with Price’s eight-year $84MM extension just kicking off they must be extremely careful with their finances. With Weber’s long-term deal still on the books and eventual extensions due to a handful of young players, there is a clear danger of putting the team in a cap squeeze by handing out multiple big-money contracts. Even Tavares, who will likely command something between $10-12MM per season, could potentially put the Canadiens in a tough spot despite his obvious skills. Every team that has two highly paid superstars ends up shedding young talent to keep the salary structure balanced, and if Tavares and Price aren’t enough to lead the team to victory they could be in trouble.

Next season’s salary cap is expected to be somewhere between $78-82MM, giving the Canadiens somewhere around $17MM in cap space to spend this summer. That’s enough to be players in the market, but they shouldn’t be going all-in without some careful consideration. Otherwise they could find themselves in an even worse situation at this time next year, even if the results on the ice improve in the short-term.

Photo courtesy of USA Today Sports Images

Bettman And Daly Discuss Expansion, Salary Cap, Playoffs And More In State Of The League Address

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NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly spoke with the media today ahead of Game One of the Stanley Cup Final to address ongoing league issues. The pair answered questions for close to an hour combined and touched on many of the most important issues facing the NHL currently:

  • Bettman clarified the situation regarding Seattle and the next round of expansion in the NHL. He began by shooting down rumors that the Board of Governors would vote on Seattle’s expansion bid at next month’s meeting. Instead, Bettman offered meetings in September or December of this year as the likely voting date. Bettman stressed that there was never any timetable for this round of expansion, so there is no delay in evaluating Seattle’s situation, but instead said that “the train just hasn’t arrived at the station on time.” However, Bettman did add that there has been “no pushback whatsoever” from the owners on adding another team and using the same Expansion Draft rules that Vegas received, so it seems that the plan to add Seattle is full steam ahead.
  • Daly addressed the expansion possibilities in Houston, stating that there have been conversations with the new owner of the NBA’s Houston Rockets, Tilman Fertitta, about potential interest. Daly admits that Fertitta is interested and did not seem to care whether a Houston team would be added through expansion or relocation. However, Daly does not believe that any such move to Houston is imminent, as the Rockets ownership group is still adjusting to owning one team, nevertheless already looking to add another.
  • In regards to recent comments from Boston Bruins owner Jeremy Jacobs, who stated that the league did not want a team in Quebec City, Bettman refuted the claim and said only that Jacobs was speaking for himself and not all of his fellow owners. It does seem that Quebec City is solidly in third, at best, among potential NHL expansion cities, but Bettman does not want to alienate a key Canadian fan base by agreeing that the league will never return to the city.
  • Bettman also addressed the situation in Ottawa, making it clear that the Senators are not for sale. Bettman stood behind owner Eugene Melnyk, as he has in the past, calling him a “committed owner”. Many Sens fans and other around the league may disagree, but the league currently seems content to let things play out in Ottawa.
  • Both Bettman and Daly confirmed that the league did not suffer an adverse effects from not participating in the Winter Olympics in Pyeongchang, South Korea. The league’s decision was highly criticized by fans, players, and corporate partners alike, but neither Bettman nor Daly expressed any regret. They said that no decision has been made about the 2022 Games in Beijing, China just yet.
  • In fact, the league must have enjoyed a strong season financially, as Daly estimates that the salary cap for the 2018-19 season will fall somewhere between $78MM and $82MM. The midpoint, $80MM, would represent a $5MM increase from this past season. Just that number would be the largest increase in the salary cap limit in a decade. This news, even just as an estimate, could drastically change the landscape of this upcoming off-season.
  • This increased profit also has Bettman optimistically talking collective bargaining. Bettman seemed pleased when discussing league finances and said he was ready to sit down and negotiate a new CBA with the players’ association at any time. The current CBA expires after the 2021-22 season, although both sides may opt out in September of 2019. Bettman seemed hopeful that the NHLPA would be ready to begin negotiations shortly to avoid any future work stoppage.
  • Bettman quickly addressed the recent U.S. Supreme Court ruling on legalized sports betting, saying that the NHL would prefer federal oversight and consistency rather than state-by-state unique betting structures. Unfortunately for him, that is unlikely given the court’s decision.
  • Bettman also briefly mentioned that the league is getting closer to having accurate player and puck tracking data readily available. This would provide a major boost to hockey analytics and player evaluation.
  • Daly added that third jerseys are on their way back to the NHL. Adidas did not make alternate jerseys this year in their first season as the NHL’s supplier, but will have them ready for next year. Daly revealed that nearly a third of the teams will have brand new third jerseys in 2018-19.
  • The most controversial comment of the night came from Daly, who said that the league feels that their current playoff format is the best ever and that no changes are on the horizon. This is totally counter to the general public sentiment this postseason.
  • Seemingly the only major topic that the Commissioner and Deputy Commissioner did not touch on is concussions. Bettman fielded one such question by simply refusing to answer, saying “I’m not going to start another news cycle”. Daly added little more, saying that it’s not Bettman’s opinion, but so far there is not enough evidence from the league’s scientists that CTE and concussions are connected. Maybe that was the most controversial comment…

Winnipeg Unlikely To Buyout Steve Mason

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It was about as bad a first season in Winnipeg as it could have been for goaltender Steve Mason. After signing a two-year deal with the Jets last summer that carried the presumption that he would at least share the starting job, injuries and poor play plagued the veteran net minder all season. The lone bright spot for Mason – he still made his $4.1MM. Many have speculated – now that Vezina Trophy candidate Connor Hellebuyck has more than solidified his position as the starter moving forward – that Mason could be cut by the Jets this off-season to avoid another hefty cap hit next year. However, speaking with the media today, Winnipeg GM Kevin Cheveldayoff stated that he did not anticipate going the buyout route with his experienced albeit overpaid backup (video). Instead, Cheveldayoff spoke to Mason’s ability and integrity and his desire to have a capable backup next season.

Mason, who will be 30 next season, joined the Jets last summer after parts of five seasons with the Philadelphia Flyers during which he struggled to transcend to that elite, true #1 goaltender level. Nevertheless, Winnipeg handed the 2009 Calder Trophy winner an $8.2MM contract that was immediately panned. Unfortunately for the Jets, the critics proved to be right. Admittedly, Mason struggled with several injuries – including multiple concussions – during the year, however when he did play the results were underwhelming. Mason finished the season with a .906 save percentage and 3.24 GAA in a career-low 13 appearances. It was easily his worst performance since his later seasons with the Columbus Blue Jackets and paved the way for Hellebuyck to take over full control of the starter’s job, as he dominated starts even when Mason was healthy.

Yet, a buyout of Mason’s final season – while understandable on a results basis – would not make much of a difference to Winnipeg. Yes, the team would save over $2.7MM next year, but would incur a penalty of around $1.4MM the following year. For a team that doesn’t struggle with salary cap compliance, those savings mean relatively little. Without Mason and with Michael Hutchinson headed for unrestricted free agency, the Jets would then be forced to find an experienced backup this off-season anyway. While it may not be popular among fans who were disappointed by his first season, if Cheveldayoff does retain Mason this off-season, there are plenty of reasons why it makes sense for the Jets.

Toronto Maple Leafs Lead Bonus Overages List

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It looks like the Toronto Maple Leafs are at the top of at least one list. CapFriendly released a list of teams with Bonus Overages for this year, which result from players on their entry-level contracts hitting their standard bonuses. Nine teams’ performance bonuses went over the salary cap with the Maple Leafs leading with $2.55MM, which will now count against their 2018-19 cap. The bonus overages range from Toronto’s $2.55MM to the Minnesota Wild’s $25K.

The Maple Leafs’ bonuses came from just three players from the entry-level contracts of Auston Matthews, Mitch Marner and William Nylander which totaled the $2.55MM. Since the team had no remaining cap room in 2017-18, it pushes over to the following year. Most of the nine teams were at the cap threshold, while others like the Vancouver Canucks, St. Louis Blues and the Tampa Bay Lightning had some cap room to take a part of the bonus hits.

Two teams bonuses could still go up as Boston’s Jake Debrusk and Tampa Bay’s Mikhail Sergachev could each receive bonus if they are named to the All-Rookie Team.

Here is the nine-team list:

Toronto Maple Leafs: $2,550,000
Chicago Blackhawks: $1,232,500
Vancouver Canucks: $852,847
Boston Bruins: $774,000
Detroit Red Wings: $755,000
St. Louis Blues: $150,988
Tampa Bay Lightning: $142,947
Washington Capitals: $82,500
Minnesota Wild: $25,000

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