Panthers Extend Reilly Smith For Five Years
Clearly the biggest players in free agency this year, the Florida Panthers are close to another move to lock up their young core. Gary Lawless of TSN was first to report that the team was close to an extension with forward Reilly Smith that would pay him $5MM a season for an additional five years. The team has since confirmed the length of the deal, though not the financial details.
In just the past few weeks, the team has traded for then signed Keith Yandle, dealt away Dmitry Kulikov, given extensions to Aaron Ekblad and Vincent Trocheck, signed free agents Jason Demers and James Reimer, and pretty much owned the hockey world.
Smith, 25, had an excellent season last year with the Panthers, scoring 25 goals and 50 points. The former third round pick has had quite a start to his career, putting up at least 40 points in each of his first three full seasons. The talented young winger came over to Florida in the deal that saw them take on Marc Savard‘s cap-hit from the Bruins, one that they recently dealt to New Jersey for some cap relief of their own.
The Panthers have been on quite a clear path lately, trying to push past the first round of the playoffs for the first time since 1996, the year they lost in the Cup finals to Colorado. After being knocked out by the New York Islanders last season, the team has made clear upgrades to their defensive group, and should have one of the better top pairings in the league with Ekblad and Yandle signed long-term.
Smith is still under contract for next season at a $3.43MM cap hit, meaning that a five-year extension would take him through the 2021-22 season. Perhaps not coincidentally, that is also when Trocheck and Aleksander Barkov will hit free agency, giving the team a chance to re-tool if they need to at that point.
If the financials are true, it would mean the Panthers have four young forwards under contract long-term for less than $6MM apiece in Barkov, Trocheck, Smith and Nick Bjugstad. All 25 or under, that quartet scored 93 goals last season. Next on the to-do list would be Jonathan Huberdeau, the former third overall pick who put up 20 goals of his own last season. He’s due $3.25MM next year before becoming an arbitration-eligible RFA next summer.
Panthers Extend Vincent Trocheck
The Florida Panthers are nearing an extension with C Vincent Trocheck, reports Sportsnet’s Elliotte Friedman. Friedman adds in a separate tweet that the deal will be for six years and carry a cap hit of $4.75MM. This would mark the fourth big contract the Panthers have committed to in recent days, the others being Keith Yandle, Aaron Ekblad, and Jason Demers, who just signed earlier today.
2015-16 was a breakout campaign for Trocheck. In his first full season as an NHL regular, the 22 year old played in 76 games, scoring 25 goals while adding 28 assists while averaging 17:46 per game. His 53 points ranked 5th on the Panthers.
This deal ensures that Florida’s center situation is solidified for many years to come. Aleksander Barkov, their 20 year old top pivot, begins a new six year deal with a cap hit of $5.9MM in 2016-17 while Nick Bjugstad, who has 39 goals over the last two years, has another five years left on his deal at a cap charge of $4.1MM. At 23, Bjugstad is the oldest of Florida’s top three centers. Trocheck likely slots in as the second line pivot for the Panthers next season.
With the deal, Florida has just over $3.7MM in cap space according to Cap Friendly.
Friedman’s Latest: Hartnell, Eriksson, Barrie
Although the Montreal Canadiens failed to move up in the lottery last month, Sportsnet’s Elliotte Friedman reports that they may try to make a deal to improve on their ninth overall pick. After picking late in the first round the last three seasons, Montreal will try to replicate the success they’ve had with their last couple of top-10 picks. In 2012 they selected Alex Galchenyuk third overall, and nailed Carey Price at number five way back in 2005. If Montreal wants to get back to the playoffs and have any chance at contention, they’ll have to improve through the draft. Here’s more from Friedman’s latest 30 thoughts:
- The Columbus Blue Jackets interviewed quite a few players ahead of selecting third overall in the upcoming draft. With rumors swirling that they are already getting offers for the pick, perhaps they’re just covering their bases before one of these deals blows them away.
- Still with Columbus, Friedman hears that there are trade rumblings around Scott Hartnell and that he is willing to waive his no-movement clause for several teams. Hartnell has three seasons at $4.75MM left on his deal, but put up another 20-goal season in 2015-16 and is a near-lock for 40 points at least for the immediate future.
- On Loui Eriksson, Friedman says that Boston will take one final run at re-signing the winger before he becomes a free agent on July 1st. If he makes it that far, expect a long list of suitors for the 30-year old after putting up an excellent 63 point campaign. He’s coming off a contract that earned him $4.25MM a season, and will look to improve on that number.
- It seems certain that Avalanche defenceman Tyson Barrie will be on the move this summer, but perhaps not until Colorado secures some help on the back-end. Their top target is Winnipeg Jets’ Jacob Trouba, who has played well since being drafted in 2012 and would take a fairly large ransom to pry away from GM Kevin Cheveldayoff.
- After acquiring Marc Savard‘s cap hit on Friday, the New Jersey Devils are no longer a landing spot for the Pavel Datsyuk dilemma should he decide to go back to Russia. According to Friedman this leaves only Carolina and Arizona as potential takers for the $7.5MM cap-hit he’ll incur since he signed his deal after he turned 35.
- Since Florida now has some room following the jettison of Savard’s hit, they’ve turned their attention to extending Vincent Trocheck. The 22-year old is a restricted free agent this summer, and is coming off an impressive 53 point season. With extensions for Aaron Ekblad and Reilly Smith due next year, Florida will have to keep Trocheck’s hit as low as possible if they’re to fit in all their young talent.
- Arizona is reluctantly looking at options with C Martin Hanzal as he nears free agency. While the Coyotes would like to re-sign him before he hits the market next summer, they are considering moving him and have asked for his list of teams he would accept a trade to.