Week In Review

The start of training camp often brings about a small flurry of transactions and this time was no exception as several notable moves highlight the top stories of the week.

Goalie Extensions: With Columbus set to have both Elvis Merzlikins and Joonas Korpisalo entering the final year of their contracts before being eligible for unrestricted free agency next summer, it felt like only a matter of time before one of them was extended.  That’s what happened as Merzlikins inked a five-year, $27MM extension, his $5.4MM AAV representing a small raise on his current $4MM deal.  Merzlikins has played in just 61 career regular season games but he has played well for the Blue Jackets over his two NHL campaigns.  With his deal now done, Korpisalo is likely to be involved in plenty of trade speculation over the next few months unless he’s able to agree to a new deal of his own as well.

Meanwhile, the Kings also signed netminder Cal Petersen to a three-year, $15MM extension, ensuring he’ll be sticking around beyond the upcoming year.  The 26-year-old has just 54 career appearances in the NHL, the bulk of which came last season.  It’s a high price tag for someone that isn’t all that proven but with Jonathan Quick now 35 and not a true starter anymore, this move allows Los Angeles to keep their goalie tandem intact a little longer while being short enough to not cripple their cap situation if they have to go in a different direction later on.

Calling It A Career: Veteran center Travis Zajac has decided to retire but wanted to do so as a member of the Devils.  He did just that, signing a one-day contract before officially hanging up his skates.  Zajac played in over 1,000 games with New Jersey over his 15-year career with his only time away from them coming near the 2021 trade deadline when he was moved to the Islanders to help in their playoff run.  Overall, he sits third in Devils history in games played and points while making more than $60MM in career earnings.

Kaprizov Signs: It took a lot longer than the Wild had hoped for but they eventually were able to sign top winger Kirill Kaprizov to a five-year, $45MM contract.  It’s a significant sum for someone with just one NHL season under his belt – a pandemic-shortened one at that.  However, Minnesota is clearly banking on the hope that the 24-year-old, who led the team in scoring last season, still has some room to improve and that he’ll be the focal point of their attack for the next five seasons.  Kaprizov received a full no-move clause in the final two seasons of the deal; those were the only ones he was eligible to receive trade protection for as those were the UFA-eligible years.

Two Months For Malkin: When Penguins center Evgeni Malkin underwent knee surgery this summer, there was no firm timeline for his return, only an indication that an update would be coming at training camp.  That update has arrived and the news isn’t great for Pittsburgh as it was revealed that Malkin will miss the first two months of the season as he continues his recovery.  This comes on the heels of Sidney Crosby having wrist surgery that will see him missing some time to start the season as well.  The Penguins will turn to veteran Jeff Carter in the top center role for the time being.

Bridge For Dahlin: While the Sabres weren’t able to sign Rasmus Dahlin to a long-term contract, they did manage to get a bridge deal in place, signing the 2018 top pick to a three-year, $18MM pact.  Dahlin struggled considerably last season which certainly didn’t help his bargaining power in negotiations but over his first three NHL campaigns, he has shown flashes of a strong offensive game.  The term of the deal means that the 21-year-old will be a restricted free agent at its expiration, giving the two sides another shot at working out a long-term agreement.  His qualifying offer at that time will be $7.2MM.

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There weren’t anywhere near as many big stories as there were a week ago around the NHL but there were still some notable ones which are highlighted in our top stories of the week.

Dorion Extension: While Senators GM hasn’t been able to work out a new contract yet for top RFA winger Brady Tkachuk, he did get one contract done this past week – his own.  Set to enter the final year of his deal, Dorion and the Sens agreed on a three-year contract extension with a club option for 2025-26.  (Those options aren’t legal in player contracts but are still allowable for non-playing personnel.)  Dorion has been with Ottawa since 2007 when he joined them as their Director of Amateur Scouting, eventually moving up the ranks before becoming GM for the 2016-17 season.

Mikheyev Requests Trade: Maple Leafs winger Ilya Mikheyev reportedly requested a trade earlier this offseason although the team clearly hasn’t granted that request.  The 26-year-old has spent his two NHL seasons in Toronto but is coming off somewhat of a disappointing year that saw him post just seven goals and ten assists in 54 games.  Mikheyev is entering the final year of his contract and has a $1.645MM AAV.  Considering he’s likely to play either on their second or third line, the Maple Leafs would be hard-pressed to find a suitable replacement at that price tag which likely has played a role in them not moving him elsewhere yet.

Surgery For Crosby: The Penguins likely won’t have their captain available for the start of the regular season as Sidney Crosby underwent wrist surgery.  The expected recovery timeline is six weeks which would run through to the third week of October where Pittsburgh would have played a handful of games on their regular season schedule.  GM Ron Hextall indicated that Crosby has played through the injury for several seasons now and that after trying less invasive options, they opted to have the surgery done.  Crosby is entering his 17th NHL season and has averaged more than a point per game in every one of them, even with the recent wrist issues.

Calgary Adds Defensive Depth: There is typically one common element on teams coached by Darryl Sutter – grit.  The Flames have already added plenty of it this offseason and added even more with the signing of veteran Erik Gudbranson to a one-year, $1.95MM contract.  The 29-year-old split last season between the Senators and Predators, who added him at the trade deadline.  Gudbranson, whose AAV was cut by just over half of his previous deal, had four points in 41 games along with 64 blocks and 111 hits and should be on the third pairing in Calgary.  The Flames also brought back Michael Stone on a one-year, one-way contract for the league minimum.

Backes Signs And Retires: Veteran winger David Backes received one final contract as he inked a one-day deal with the Blues and immediately announced his retirement.  The 37-year-old played in 965 career NHL contests, 727 with St. Louis before stints in Boston and Anaheim.  In his prime, he was one of the more productive power forwards in the game, recording six seasons of more than 20 goals and 200 hits while finishing in the top five in Selke Trophy voting from 2011-12 through 2014-15.  Overall, his career comes to an end with 561 points along with over 2,600 hits and 1,148 penalty minutes.

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As the calendar flipped to September, activity around the NHL started to pick up with several signings of note plus some big news on the international front which are included in the key stories of the week.

Making It Official: The Islanders took their time announcing some of their offseason signings and decided to do most of it in one press release.  They confirmed the re-signings of UFA winger Kyle Palmieri (four years, $20MM), UFA center Casey Cizikas (six years, $15MM), RFA winger Anthony Beauvillier (three years, $12.45MM), and RFA goaltender Ilya Sorokin (three years, $12MM).  Palmieri’s retention will help replace the lost production of Jordan Eberle who went to Seattle in expansion while Cizikas has been a very effective energy forward for several years now.  Beauvillier has been a consistent secondary scorer for the last four years and the 24-year-old got a term that walks him to unrestricted free agency while Sorokin will continue to partner with Semyon Varlamov between the pipes.  Though not announced yet, veteran winger Zach Parise also confirmed he has an agreement with the Isles.

Early Extensions: A pair of veteran defensemen opted to forego a shot at testing the open market next season to stay where they are.  First, the Blackhawks inked Connor Murphy to a four-year, $17.6MM contract.  The 28-year-old has been a reliable stay-at-home defender over his four seasons with Chicago which helped him earn a $550K raise on his current deal.  Then, the Blues locked up Colton Parayko on an eight-year, $52MM extension.  Parayko has been a key piece on the back end in St. Louis for the past five seasons but is coming off a quiet year where he battled recurring back issues.  Even so, he’s arguably their best defender when healthy and locking up a top pairing player for that price tag has the potential to be a bargain down the road.

Offer Sheet Success: Offer sheets are infrequently used and even more infrequently do they actually result in the player actually changing teams.  That wasn’t the case this time as the Canadiens declined to match Carolina’s one-year, $6.1MM offer sheet to Jesperi Kotkaniemi, receiving 2022 first and third-round picks in return.  Montreal wasted little time finding his replacement, acquiring center Christian Dvorak from Arizona for a 2022 first-rounder plus a 2024 second-round selection.  Kotkaniemi, the third-overall pick in 2018, is expected to play on the wing in Carolina for now with the hope that the change of scenery will help him to reach his offensive potential.  Meanwhile, Dvorak represents a capable replacement for Kotkaniemi and he will likely step onto Montreal’s second line behind Nick Suzuki while giving them some cap certainty with four years remaining on his deal at $4.45MM.  As for the Coyotes, they’re up to eight picks in the first two rounds in next year’s draft as their rebuild continues.

Olympic Confirmation: It had been expected for a while now but the NHL and NHLPA made it official with the announcement that NHL players will be permitted to play in the upcoming Olympics in Beijing next year.  As they skipped the 2018 Games, it will be the first time since 2014 that NHL players participate in the event.  There is a clause in the agreement that could stop them from participating if the NHL is forced to postpone several games due to COVID outbreaks which would require them to reschedule them during that time period.

Winger Deals: A pair of young wingers bypassed their bridge contracts and instead worked out long-term agreements with their teams.  First, the Flyers signed winger Joel Farabee to a six-year, $30MM extension that will begin in 2022-23.  Farabee’s sophomore season was a good one with 20 goals and 18 assists in 55 games and if he can carry that type of production over a full 82-game campaign, the deal has the potential to be a very good one for Philadelphia.  The next day, the Senators re-signed winger Drake Batherson to a very similar contract, six years at a total of $29.85MM.  The 23-year-old played his first full NHL season in 2020-21, collecting 17 goals and 17 assists in 56 games.  Similar to the Farabee deal, if Batherson can take another step forward and establish himself as a consistent scorer, this has a chance to be a bargain down the road for Ottawa.

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Even though arbitration-bound cases have all been settled, there were still some signings of note around the NHL over the past seven days which are highlighted in the key stories of the week.

Hayes Passes Away: Unfortunately, the week got off to a tragic start with former NHL winger Jimmy Hayes passing away at the age of 31.  The cause of death is still unknown after an autopsy was performed later in the week.  Hayes spent parts of seven years in the NHL, suiting up in 334 games between Chicago, Florida, Boston, and New Jersey; he last suited up in the NHL during the 2017-18 season.  PHR extends its condolences to Hayes’ family.

Eichel Changes Agents: It hasn’t been a fun summer for Jack Eichel.  It’s more than clear at this point that he wants out of Buffalo and the ability to have the procedure that he wants done to repair his neck injury than the one the team wants.  Public pressure from his agents last month didn’t help facilitate a trade so Eichel is trying a new tactic as he has switched agents.  Pat Brisson of CAA Sports will now take over from Peter Fish and Peter Donatelli of Global Hockey Consultants.  Brisson has the richest portfolio of existing player contracts at over $1 billion, per PuckPedia, and will now be tasked with helping to find a way for Eichel to be moved and get the surgery he’s looking for.

Svechnikov Signs: One of the more prominent restricted free agents is now under contract as the Hurricanes and winger Andrei Svechnikov agreed on an eight-year, $62MM contract.  The deal contains a 10-team no-trade clause in the final four years of the deal, the only ones that are allowed to have any form of trade protection.  Svechnikov, the second-overall pick in 2018, has quickly become a capable top winger for Carolina and this type of commitment from the team – it’s the largest contract in terms of total money spent in franchise history – certainly demonstrates that they envision him being a long-term cornerstone and that they think he has another level he can still reach.

Offer Sheet For Kotkaniemi: With Svechnikov signed, Carolina had a more concrete idea of how much they had left to spend.  They decided to try to either add some extra depth down the middle or to exact some revenge on Montreal for their offer sheet of Sebastian Aho two years ago as they tendered RFA center Jesperi Kotkaniemi to a one-year offer sheet worth just over $6.1MM.  The 21-year-old was the third-overall pick in 2018 but hasn’t made as quick of an impact as some others from his draft class have and is coming off a season that saw him notch just 20 points in 56 games.  He’s clearly not yet worth that high of a price tag so the Canadiens now need to decide to pay the above-market contract or accept first and third-round picks in 2022 as compensation.

Signing Centers: The Flyers were busy in terms of some activity down the middle.  First, they inked veteran Derick Brassard to a one-year, $825K deal, giving them a veteran center on a low-cost deal.  The bigger news came just hours after Svechnikov signed his deal as Philadelphia revealed that center Sean Couturier signed for the same money the Carolina winger did, inking an eight-year, $62MM extension that keeps him under contract through 2029-30.  The deal also contains a full no-move clause in the first seven seasons.  It took a few years for Couturier to find his offensive footing but in recent years, he has been a strong offensive producer while continuing to be one of the stronger defensive pivots in the league.  With the deal, the Flyers now have a franchise cornerstone locked up long term.

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With the UFA market slowing down, the majority of the top news of the week came from the RFA side as players managed to avoid getting to an arbitration hearing.

Big Money For Goalies: Monday was a good day for goaltenders.  First, Flyers netminder Carter Hart signed a three-year, $11.937MM contract, a payday that certainly reflected his performance over his first two years in the NHL over his struggles in 2020-21 that saw him post a 3.67 GAA with a .877 SV% in 27 games.  Later that day, Rangers starter Igor Shesterkin landed a bigger deal, a record-breaking one even as his four-year, $22.6MM contract is the richest payday for a goalie coming off his first contract.  Shesterkin has just 47 career NHL contests under his belt but has long been viewed as New York’s goalie of the future.  With this deal, he’s certainly the goalie of the present as well.  Shesterkin’s contract bought out two years of UFA eligibility while Hart will be RFA-eligible one final time in 2024.

Vrana Avoids Arbitration: Red Wings winger Jakub Vrana was the first to get to the point of actually having to make an arbitration submission but it never got to that point as he and the Red Wings were able to agree on a three-year, $15.75MM contract the day before the hearing was scheduled to occur.  The 25-year-old was acquired from Washington at the trade deadline and had a strong finish to his year, picking up eight goals and three assists in 11 games which certainly didn’t hurt his negotiating position for this deal.  The contract takes care of his two remaining RFA years plus one season of UFA eligibility.

Jets Re-Sign Two: There were questions about whether or not Winnipeg would be able to afford to re-sign both of their prominent restricted free agents and stay cap-compliant.  They were able to accomplish that in the end, albeit barely.  First, defenseman Neal Pionk inked a four-year, $23.5MM contract, buying out his final two RFA years plus two seasons of UFA eligibility.  He nearly doubled his previous AAV in the process but deservedly so as he has put up 77 points in 125 games since joining the Jets two years ago.  That meant that Andrew Copp had to settle for a one-year deal to keep his price tag as low as possible and he was able to do so at $3.64MM.  If Winnipeg carries a 22-player roster instead of the maximum of 23, they should be able to stay under the cap.

Surgery For Matthews: Maple Leafs center Auston Matthews played through most of last season with a wrist injury, still managing to lead the league in goals with 41 in 52 games in spite of that.  However, the rest and rehab approach wasn’t fixing the problem and after reporting some discomfort as he increased his off-ice training, it was decided that surgery was the best approach.  Matthews has gone under the knife and will be out for at least the next six weeks.  It’s still early enough in the summer that Matthews shouldn’t miss any regular season action (barring any setbacks) but it’s likely he will be very limited in training camp and the preseason.

Panthers Sign A Pair: The Panthers inked a pair of forwards, one in the prime of his career and the other not so much.  First, they avoided arbitration with Sam Reinhart, inking their key summer acquisition to a three-year, $19.5MM contract, buying out two UFA-eligible years in the process.  The 25-year-old has put up at least 40 points in each of his six full NHL seasons and has tallied between 22 and 25 goals in the last four campaigns.  They then added some veteran depth with the signing of Joe Thornton to a one-year, $750K contract.  The 42-year-old has seen his production dip sharply in recent years but he still managed 20 points in 44 games with Toronto last season though the bulk of that came early in the year.  He’ll serve as a veteran mentor while giving them some extra depth in the bottom six.

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To call this past week a busy one would be a significant understatement.  On top of a frantic first day of free agency (the full recap of which is here while some moves will also be covered below), there were plenty of significant signings and trades.  The biggest ones are recapped here in the key stories of the week.

Avoiding The Market: While it may have taken a little longer than anyone really expected, two captains managed to avoid making it to free agency.  First, Alex Ovechkin re-signed with Washington, inking a five-year, $47.5MM contract, ensuring he remains with the team that he has spent the past 16 years with.  He’ll now take aim at Wayne Gretzky’s all-time goal record as he sits 165 away from setting the new standard.  Meanwhile, Gabriel Landeskog had to wait until mere minutes before the deadline for eight-year deals but in the end, he was able to secure a max-term eight-year, $56MM deal to stick around in Colorado.  He has been with the Avs for the past 10 years and while he won’t be able to set the franchise record for games played (Joe Sakic holds that title), Landeskog should have second place comfortably locked down by the time this deal ends.

Fleury To Chicago: The Marc-Andre Fleury era in Vegas came to a rather abrupt end as he was traded to Chicago in a cap dumping move with only minor leaguer Mikael Hakkarainen coming back in return.  Fleury was the first face of the franchise for the Golden Knights and he saved his best performance for last, posting a 1.98 GAA with a .928 SV% on his way to winning the Vezina Trophy for Goalie of the Year.  However, his $7MM cap hit was deemed too expensive for them to carry.  Fleury took some time to ponder his future but ultimately will report while Vegas GM Kelly McCrimmon didn’t waste much time spending the freed-up cap space.  First, he added winger Evgenii Dadonov from Ottawa for defenseman Nick Holden and a third-round pick to try to bolster their attack and then brought in goaltender Laurent Brossoit on a two-year, $4.65MM deal to serve as Robin Lehner’s new backup.

Hamilton Gets Paid: When Carolina gave Dougie Hamilton permission to speak with other teams and basically test the market early, they were hoping that Hamilton wouldn’t be able to command the money he was hoping to get which could have paved the way towards him re-signing.  That didn’t happen.  Instead, the top player to hit the open market was able to land a bigger contract than some expected, inking a seven-year, $63MM contract with New Jersey.  The 28-year-old is now tied with Cale Makar and teammate P.K. Subban for the fourth-highest cap hit among all NHL defensemen and gives the Devils the top-pairing defender they’ve been trying to acquire for several years.  New Jersey has had cap room to spend in the past but hadn’t been able to land a big fish on the open market.  They have now.

Seattle Splashes: Considering that the Kraken spent closer to the minimum amount than the cap ceiling in expansion, they had plenty of money at their disposal heading into free agency and opted to use a big chunk of it on a trio of players.  They added the top goalie on the market in Philipp Grubauer on a six-year, $35.4MM contract (that was originally rejected) plus one of the top wingers in Jaden Schwartz on a five-year, $27.5MM pact.  They also brought in center Alexander Wennberg on a three-year, $13.5MM contract, a nice reward for a strong season in Florida after being bought out by Columbus last fall.  Going back to Grubauer, his surprise signing sparked a pair of goalie trades.  Seattle flipped Vitek Vanecek back to Washington for a 2023 second-round pick while Colorado paid a steep price to acquire Darcy Kuemper (with $1MM of his $4.5MM price tag retained), sending defenseman Conor Timmins, a 2022 first-round pick, and a 2024 conditional third-rounder to the Coyotes to bring in the 31-year-old who is in the final year of his contract.

Jets Add Defensemen: The back end was a big issue for Winnipeg over the past two seasons and GM Kevin Cheveldayoff knew that needed to be addressed.  He didn’t wait for what wound up being a fairly light free agent market in terms of impact blueliners so he turned to the trade market instead.  First, he sent second-round picks in 2022 and 2023 to Washington for defenseman Brenden Dillon, then added Nate Schmidt from Vancouver for a third-round selection after Schmidt eventually agreed to waive his trade protection to facilitate the move.  With the moves, Winnipeg has added nearly $10MM to the cost of their back end but the two veterans are significant additions to a blueline core that also consists of Josh Morrissey and Neal Pionk.

Big Extension For Point: With too many things to cover in just five stories, we’ll add an extra one.  Tampa Bay was relatively quiet in terms of impact free agent signings due to salary cap reasons but they still had the biggest contract on the first day of free agency.  That went to Brayden Point who was eligible to sign as soon as the calendar flipped to the new league year and he did just that, inking an eight-year, $76MM extension that matches the recent ones handed out to Nikita Kucherov and Andrei Vasilevskiy when they were eligible to sign them.  More cap challenges lie ahead for Tampa Bay following this deal – they have over $80MM in commitments for 2022-23 already per CapFriendly – but their star center will now be in the fold for the long haul.

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Usually, by this point in July, activity around the NHL has cooled off considerably.  But this isn’t a normal offseason and the festivities kicked off over the past seven days including a pair of drafts.  Those are among the items covered in the key stories of the week.

Drafts: There were plenty of notable names available for Seattle in expansion.  Some were expected, others not so much.  However, GM Ron Francis avoided any possible temptation for taking on pricey deals, instead prioritizing salary cap flexibility.  They signed a trio of unrestricted free agents in goaltender Chris Driedger plus defensemen Jamie Oleksiak and Adam Larsson.  Up front, Jordan Eberle and Yanni Gourde were their richest acquisitions while blueliner Mark Giordano was their most expensive player taken; the full results can be found here.  Only one player selected was flipped in Tyler Pitlick.  Seattle will now enter free agency with enough room to make a splash or two if they so desire.

Meanwhile, the Entry Draft was also held on Friday and Saturday.  As expected, Owen Power went first overall to Buffalo while Matthew Beniers went second to Seattle.  In fact, four of the top five selections either played at Michigan or have a college commitment there for next season.  A total of 223 players were selected with Carolina making the most picks with 13.  The full draft results are here.

Vancouver Makes A Splash: The Canucks finished last in the North Division in 2020-21 but they believe they can win with that core and doubled down on that belief with the acquisition of defenseman Oliver Ekman-Larsson and winger Conor Garland from Arizona.  Heading the other way were forwards Loui Eriksson, Jay Beagle, and Antoine Roussel as cap-clearing pieces plus a trio of draft picks including the ninth-overall pick (Dylan Guenther).  Ekman-Larsson has six years remaining on his contract and even with the Coyotes paying down $990K per year, he’ll still be on their books for $7.26MM while Garland, who should help their top six, is a restricted free agent with arbitration rights.  It’s a big win-now move for a team that struggled this past season but there’s enough talent on Vancouver to turn things around quickly.

Jones To Chicago: When Seth Jones informed the Blue Jackets that he wasn’t interested in signing a contract extension with them, it forced their hand into trying to find a suitable trade fairly quickly.  Columbus was able to do that, moving Jones along with the 32nd pick (Nolan Allan) and a 2022 sixth-rounder to Chicago for defenseman Adam Boqvist, the 12th pick (Cole Sillinger), the 44th pick (Aleksi Heimosalmi), and a 2022 first-round pick (top-two protected).  As part of the move, the Blackhawks have agreed to an eight-year, $76MM contract extension although that can’t be officially announced until Wednesday when the calendar flips to the 2021-22 season.  Jones gives Chicago a prominent blueliner to build around while with these young pieces going the other way, Blue Jackets GM Jarmo Kekalainen has added to the foundation of their ongoing rebuild.

Flyers Dealings: The Flyers were busy on the defensive front.  In a cap-clearing move, they sent Shayne Gostisbehere along with second and seventh-round picks in 2022 to Arizona for no return.  Those savings were then applied to Rasmus Ristolainen who was acquired from Buffalo before the draft in exchange for the 14th pick in the draft (Isac Rosen), a 2023 second-rounder, and blueliner Robert Hagg.  Factoring in their big splash a week ago with the acquisition of Ryan Ellis, their back end will look a lot different next season.  GM Chuck Fletcher wasn’t done there, however, as he flipped Jakub Voracek to the Blue Jackets on the second day of the draft in exchange for Cam Atkinson in a swap that freed up nearly $2.4MM in cap room.

Re-Signings: On top of the big trades, there were also some notable re-signings.  Taylor Hall didn’t hide his desire to make his stay in Boston a longer one and that wish came to fruition as he agreed to a four-year, $24MM contract.  After scoring just twice with Buffalo, he scored eight times for the Bruins who brought him in at the trade deadline and he should help bolster their scoring beyond the top line.  Meanwhile, Miro Heiskanen’s record of having the highest AAV for a defenseman coming off his entry-level contract lasted all of a week.  The new mark has been set by Cale Makar of the Avalanche as the rearguard inked a six-year, $54MM contract.  The 22-year-old has 94 points in 101 career games and was the runner-up for the Norris Trophy this past season.  Even at that $9MM price tag, if his production continues to improve, this could wind up being a team-friendly deal by its conclusion.

Reinhart To Florida: A week like this deserves an extra move to recap as the Panthers made a big move of their own, acquiring Sam Reinhart from Buffalo in exchange for their 2022 first-round pick plus goaltending prospect Devon Levi.  Reinhart had expressed a hesitance in committing to Buffalo long term so they secure an extra first-rounder already plus an intriguing young netminder in Levi.  Meanwhile, Florida adds an impact forward as they look to take another step forward after an impressive 2020-21 campaign.  Worth noting, captain Aleksander Barkov is set to be an unrestricted free agent next summer so assuming they can get a long-term deal done with Reinhart (a pending RFA), he’ll represent some insurance if they can’t get Barkov extended.  In the meantime, a long playoff run should help their chances of extending Barkov and the addition of Reinhart will certainly give them a better chance to get beyond the first round.

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After a quiet first full week of July, it was anything but over the past seven days with a flurry of expansion-related moves being made and plenty of other notable offseason notes which are highlighted in our key stories of the week.

Rinne Retires: Veteran goaltender Pekka Rinne decided that it was time to call it a career as he announced his retirement at the age of 38.  He spent his entire NHL career spanning parts of 15 seasons with the Predators who drafted him in the eighth round back in 2004.  In his prime, Rinne was a Vezina-caliber netminder, being a finalist for the award four times and winning it once while holding franchise records in games played (683), wins (369), goals against average (2.43), and shutouts (60).  Nashville will now likely look to free agency to find a new backup for Juuse Saros (who narrowly holds the franchise record for save percentage).

Big Money For Heiskanen: Miro Heiskanen has wasted little time becoming a star defenseman for Dallas and he was rewarded for his efforts with a record-setting contract.  The 22-year-old signed an eight-year, $67.6MM deal, the highest ever for a defenseman coming off of his entry-level pact.  Quinn Hughes and Cale Makar are two other high-end blueliners whose first contracts are set to expire and they will undoubtedly be using this deal as a comparable.  In the meantime, the Stars have their franchise blueliner in place for basically the rest of the decade.

Minnesota Buyouts: Zach Parise and Ryan Suter came to Minnesota as a package deal back in the summer of 2012 as they signed identical 13-year, $98MM contracts that are now illegal in the NHL.  They’ll now leave the Wild as a package deal after the Wild bought both players out of the final four years of their deals.  Parise saw his role decrease considerably this past season and wasn’t likely to get more playing time moving forward while Suter’s came as a bit more of a surprise with him still logging over 22 minutes a game on the back end.  Minnesota will get a big boost in cap space for 2021-22 before the dead cap charges nearly match what their original cap hits were.  That could result in them chasing down some one-year deals this summer.  Meanwhile, Parise and Suter won’t be able to sign with new teams until the free agent market opens up on the 28th.

Expansion Lists: After months of speculation as to who Seattle could be picking to start their franchise, we now know who will be available as the protection lists were officially revealed on Sunday.  A summary of the protected players and notables left exposed can be found here.  There were some prominent players left available and while some of them were expected, others were quite surprising.  Among the notables that the Kraken can choose from are Montreal goaltender Carey Price, St. Louis winger Vladimir Tarasenko, Flames defenseman Mark Giordano as well as all but three pending unrestricted free agents.  Seattle now has exclusive negotiating rights to those free agents through the transactions freeze which is lifted on Thursday and could opt to sign and select some of those players on Wednesday.

Trade Deadline: A trade deadline in the middle of July is something that hasn’t happened before.  But with Saturday being the start of the transactions freeze, it spurred a mini trade frenzy with eight swaps being made, some having direct implications on protection lists.  The biggest one was a three-team trade between the Predators, Flyers, and Golden Knights.  Philadelphia made a big addition to their back end, acquiring Ryan Ellis from Nashville in exchange for Philippe Myers and Nolan Patrick; the Preds then flipped Patrick to Vegas for Cody Glass.  Ellis had been a fixture on Nashville’s blueline for a decade but GM David Poile is clearly shaking up the core and in Glass, he gets a once highly-touted center to try to develop and a capable second pairing piece in Myers.  As for the Golden Knights, Patrick was the second-overall pick in 2017 (Glass was sixth) and a change of scenery could do him some good as they try to rebuild his value.

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It was a week of highs and lows around the NHL with a triumph at one end and a tragedy at the other.  Both of those are among the biggest stories from the past seven days.

Kivlenieks Passes Away: The week got off to a devastating start as Blue Jackets netminder Matiss Kivlenieks passed away as a result of chest trauma due to a fireworks mortar blast.  The 24-year-old signed with the Blue Jackets back in 2017 and had been with them since then, splitting time between the AHL and NHL.  Everyone here at PHR joins the rest of the hockey community in sending our condolences to his friends and family.

Bjugstad Stays Put: Nick Bjugstad decided that he likes playing in his home state and has decided to continue to do so as he turned down a shot at testing unrestricted free agency and instead signed a one-year, $900K contract with the Wild.  The deal represents a significant pay cut as Bjugstad had a $4.1MM AAV on his previous contract with a $5.25MM salary.  At the time his previous contract was signed, the 28-year-old looked like a fixture as a second liner but injuries and general ineffectiveness scuttled that.  This past season, he was able to stay relatively healthy, suiting up in 44 games, recording 17 points and if he can put up even those numbers next year, he’ll go from being an overpaid role player to a bargain.

Repeat Champions: It’s always difficult to win the Stanley Cup but even more so to do it in two years in a row but that’s what Tampa Bay has been able to accomplish after a 1-0 victory in the fifth game of their series against Montreal to take home their second straight title.  Ross Colton was the unlikely hero in the series clincher with the only goal of the contest.  Lightning goaltender Andrei Vasilevskiy took home the Conn Smythe Trophy as playoff MVP while Nikita Kucherov, who didn’t play at all during the regular season, led all playoff scorers with 32 points in 24 games.  Now, GM Julien BriseBois will be tasked with stripping down his roster with the team already over the cap with several roster spots to be filled.  If they’re going to try to make it three championships in a row, they’ll be doing so with a different-looking roster next season.

New Deal For Dermott: The Maple Leafs took care of their only NHL restricted free agent as they inked defenseman Travis Dermott to a two-year, $3MM deal.  The 24-year-old had a much more limited role this season, logging a career low 13:13 per game and the end result was a quiet year at the offensive end with just two goals and four assists in 51 contests.  He was then a healthy scratch in four of their seven playoff games.  Still, Dermott has shown he can be a capable regular and this deal – one that yields a $1.75MM qualifying offer at the end of it – gives him a bit more time to prove himself.  We’ll find out in a week and a half if that opportunity will be with Toronto or with Seattle as the Maple Leafs are likely to make him available in expansion.

Tarasenko Wants Out: Earlier this offseason, it was revealed that the Blues were working on finding a new home for winger Vladimir Tarasenko.  However, it turns out that Tarasenko himself was seeking the change of scenery, citing a distrust with their medical staff after his first two shoulder surgeries in 2018 and 2019 didn’t solve the problem, resulting in a third procedure that cost him more than half of this season.  Having only played 34 regular season games over the past two years combined, there would definitely be some risk but if Tarasenko truly has recovered from these lingering shoulder issues, there would also be plenty of upside in bringing in the 29-year-old.

Photo courtesy of USA Today Sports Images.

The first week of July is usually a busy one around the NHL but despite free agency not opening up late in the month, there was still plenty of activity around the league.  The biggest news is highlighted in our key stories.

Coaching Carousel Ends: The final two head coaching vacancies have been filled.  One of them saw no change at all made as the Sabres removed the interim tag from Don Granato, signing him to a three-year deal as their head coach.  Granato took over during the season when Ralph Krueger was let go and led Buffalo to a 9-16-3 record but the team did make some improvements down the stretch.  Meanwhile, Arizona found their new bench boss with the hiring of Andre Tourigny who also received a three-year deal.  This will be Tourigny’s first time as an NHL head coach although he has NHL experience as an assistant with Colorado and Ottawa.  This season, he was supposed to be the head coach for OHL Ottawa but that league never played.  He did, however, coach Canada at the World Juniors and served as an assistant at the World Championships in the spring.

One Veteran Set To Return, Another Set To Leave? The Blackhawks got some good news when team captain Jonathan Toews announced that he has resumed skating in preparation for returning next season.  The center missed all of 2020-21 with what he revealed to be Chronic Immune Response Syndrome and assuming he is able to return, he will give Chicago a huge boost down the middle.  However, while it appears he’ll be back, one of his long-time teammates will be on the move as it was revealed that the Blackhawks and Duncan Keith are working together on a trade that would see the veteran go to either Western Canada or the Pacific Northwest to allow him to be closer to his son.  Keith has been a fixture in Chicago’s lineup for 16 seasons, helping lead the Blackhawks to three Stanley Cups along the way.

Nugent-Hopkins Sticks Around: One of the top forwards in the upcoming UFA class is off the market before he had an opportunity to even get there as the Oilers and Ryan Nugent-Hopkins agreed to an eight-year, $41MM contract.  The contract actually represents a small decrease in his cost as his previous AAV was $6MM but in return for that dip, he gets a max-term contract and a no-move clause.  The 28-year-old was the first overall pick back in 2011 and has been a fixture in Edmonton’s lineup ever since, notching 478 points in 656 games.  He sits 381 games behind Kevin Lowe for the franchise lead in that department and if he stays with the team for the duration of the deal, he should be able to set the new record.  Nugent-Hopkins has been a center for most of his career although he has primarily played on the wing in recent years in an effort to give him a bigger offensive role and load up their top six.  That positional flexibility is certain to come in handy over the next eight years.

Kings Add A Veteran: After the season ended, some of the Kings’ veteran core called for some win-now additions to try to get them back into playoff contention while taking advantage of some of their good youngsters being on team-friendly contracts.  GM Rob Blake did just that with the acquisition of winger Viktor Arvidsson from Nashville in exchange for a 2021 second-round pick and a 2022 third-round selection.  The 28-year-old is coming off a pair of down seasons offensively but before that, he had three straight years with 29 or more goals and should give Los Angeles a much-needed boost in their top six.  Meanwhile, Nashville adds some salary cap flexibility and gets something for a player who GM David Poile acknowledged would have been left unprotected in expansion had they not found a taker for Arvidsson.

One Down, Two To Go: Minnesota took care of one of their prominent restricted free agents with the signing of center Joel Eriksson Ek to an eight-year, $42MM contract.  The 24-year-old had a career year offensively this season with 19 goals and 30 points in 56 games while playing his usual sound defensive game as well.  The $5.25MM AAV may seem a little high but the deal buys out six years of UFA eligibility and guarantees that the Wild have an impact center for the foreseeable future.  Now, GM Bill Guerin will turn his focus to wingers Kirill Kaprizov and Kevin Fiala, a pair of players that are also in line for notable raises.

Photo courtesy of USA Today Sports Images.