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Pro Hockey Rumors Originals

PHR Mailbag: Pricey Contracts, Blues, Stars, Landeskog, Lightning, Paper Moves, Blackhawks, Injury Disclosures

November 10, 2024 at 6:55 pm CDT | by Brian La Rose 8 Comments

Topics in this edition of the PHR Mailbag include why the time might not be right for Dallas to look into defensive help, speculating on possible trade targets for Tampa Bay, and much more.  If your question doesn’t appear here, watch for it in next weekend’s mailbag.

PyramidHeadcrab: With Columbus potentially looking to take on a big contract and San Jose actively improving by adding some talented misfits from other teams, who are some players you could see bound for each team as the season progresses?

And if Columbus does take on a big contract, do you think it will be another team paying to unload an overpayment contract, or a team like the Leafs offloading a decent contract as a result of their cap crunch?

I think Columbus is open to both options, as long as the contract they take on is a short-term one (see Dante Fabbro).  Knowing that they’ve typically been more of a budget team, they’re probably not going to want to spend some of their financial capital on a long-term pickup whose primary purpose is to add a draft pick or two.  But something for a year or two could be manageable.

In terms of who that could be, one of the names that comes to mind is Oliver Bjorkstrand who was healthy scratched recently.  Moved to Seattle as a cap-clearing move originally, he’s someone who should be comfortable in the market and it wouldn’t shock me if the Kraken try to move out a pricey contract to give themselves some cap flexibility as they’re really tight when everyone’s healthy.   I could see them being open to taking the final years of Ryan Ellis’ LTIR contract if Philadelphia wants to bank more cap space (or Ryan Johansen wins his grievance later on and gets at least part of his deal back on the books).  With that deal being insured, the actual cost outlay would be minimal in that sense.

I suspect they’d be open to taking a more reasonable deal off a cap-strapped team like Toronto but the Maple Leafs will be looking to move those pieces for some value while the Blue Jackets are probably looking to get a player plus a sweetener for taking a contract on.  With that in mind, I’m not sure that lines up at this point trade-wise for those teams.

Frankly, there aren’t a ton of pricey contracts out there that fit the bill.  When I wrote the piece about them last weekend talking about their willingness to do this, I didn’t bother getting into speculation as I don’t see a lot of fits for them.  Unless they’re willing to take on a longer-term agreement, I don’t necessarily see them accomplishing this in the coming months.

I don’t see the Sharks actively trying to add any other veteran players for a while.  They’re also a budget team and right now, they’re going to want to see how some of their younger pieces fare.  If some of them falter too much, then perhaps they look to see if there’s a rental veteran to bridge the gap but there are a lot of rental veterans out there.  At the trade deadline, perhaps they take on an expiring contract from a team that needs to move money to make a bigger splash but again, that could be a lot of players.  If another Timothy Liljegren-type trade comes around where they can get a mid-20s player with some control for a low cost, that might be their preferred route.  Before the season, I’d have said someone like Kaapo Kakko who was in trade speculation but that’s probably not an option at the moment.

vincent k. mcmahon: With the recent injury to Broberg and Leddy still out, do the Blues call up another d-man if they can or do they hold out until Leddy returns?  Also, do you think this might cause an issue with the chemistry of the d-pairings?

I’m a little surprised St. Louis hasn’t brought up a blueliner at this point, to be honest.  They’re already into LTIR so there isn’t a cap-related element to them electing not to do so.  Tyler Tucker is quite familiar with the systems already and would be a safe option to have as a seventh/reserve option while Corey Schueneman has experience in that role as well with Montreal and Colorado (to a lesser extent).  One of them easily could be up as insurance.

I wouldn’t be too worried about the chemistry of the defense pairings.  When Nick Leddy returns – which should be relatively soon – he will go back into the lineup and play a prominent role, deservedly so.  There will be injuries throughout the year or players struggling that will necessitate changes so it’s unlikely the defense pairings will stay together for any sort of extended stretch over the course of the season.

That’s a league-wide observation too, not a Blues-specific one.  Even teams with a proven defensive group will mix things up from time to time as you never know when you might be forced into making a change when injuries strike so St. Louis, a team whose back end is much less secure, shouldn’t have any concerns about needing to mix up their pairings.

bottlesup: Dallas making any calls on defenders? Fowler, Provorov, or even maybe Arber Xhekaj? Which would require the most in return then the one that would require the least?

I’m sure they’re making calls on defensemen but I doubt they’re seriously pursuing any at this time.  At the moment, per PuckPedia, Dallas can only add someone making around $1.7MM.  If their roster remains relatively unchanged, they could have the ability to add someone making more than $6MM.  Those are two very different pools to shop in.  In the first price range, maybe there’s a third-pairing upgrade.  That’s useful but doesn’t move the needle too much.  But at the deadline, being able to pick up $6MM opens up a lot more options, especially at a time when more teams are open to retaining salary.

I don’t see Cam Fowler being a viable option for the Stars solely because of the extra year on his contract.  Dallas can’t afford a $6.5MM player on the books for next season when Jake Oettinger’s big raise kicks in while Wyatt Johnston and Jamie Benn are among their free agents.  Unless Anaheim paid down half the contract (which would probably up the asking price to a first-round pick and then some), it’s probably not a great fit.

I don’t mind the Ivan Provorov option though.  While he’s a left-shot defender, he’s playing on the right in Columbus and that’s the side the Stars need an upgrade on.  Could he go in and cover 20-plus minutes a night and kill penalties?  I think so and that’s the type of player they need to take some pressure off the top options.  The Blue Jackets will likely be seeking a first-round pick and something else but should be willing to pay down half of their portion of his contract ($4.725MM) which should give them a long list of suitors.

Xhekaj is an odd fit.  He’s also a left-shot blueliner and hasn’t fared great when moved to his off-side.  He’s certainly cheaper ($1.3MM through next season) and has more club control but at most, he might crack the third pairing.  He’s also a hard player to peg value-wise.  I think there are teams who don’t view him as an NHL player and others who would pay a fairly high price tag given his physicality and a decent track record of offense at the lower levels.  It probably doesn’t get to the level of Provorov’s likely price tag but I don’t feel he’s the type of blueliner they should be going after.

mikeyziggy: With the latest update on Landeskog it certainly sounds like if it doesn’t happen this season it doesn’t happen at all. What team is going to take on his contract to free the Avs from the cap hit in the event he can’t play? That $7mil could go a long way in helping fix some of the problems up front.

For those who didn’t see the news earlier this week, the latest update on Gabriel Landeskog certainly wasn’t an ideal one.  Head coach Jared Bednar indicated that Landeskog had a setback as he continues to try to work his way back from a knee injury that has kept him out for the last couple of years.  However, Landeskog is still hoping to suit up at some point this season which doesn’t help the Avalanche in terms of the cap as they can’t spend that money on other players if they think he’s going to play before the playoffs begin.

Let’s use the scenario that says he can’t come back.  Frankly, that feels more and more like the probable scenario.  The Avs don’t necessarily have to trade him as they can just put him on LTIR and spend up to $7MM over the cap on their roster.  (It’s not quite that simplistic and involves optimal timing of placements and whatnot but that’s the gist of it.)  That’s not an ideal scenario to be in as it prevents them from banking in-season space and means any bonuses earned get charged the following season but it’s not as if that $7MM is unusable.

But the other option of trading the contract probably isn’t a great one either.  Landeskog still has four years left on his contract after this one.  That’s a long time for a team to willingly carry a permanent LTIR deal and the one team that was willing to do so (Arizona) is now in Utah with an owner willing to spend so they won’t be doing that anymore.  Is there a team that knows they’re going to be well below the cap through at least the 2028-29 season so that taking on Landeskog’s contract is a low-risk proposition?  I’m not sure there is, to be honest.  Maybe when there are two years left it’s an option but I don’t see the Avs shedding that deal anytime soon if his playing days are numbered.

FeeltheThunder: In Tampa, Nick Paul was on the second line with Hagel and Cirelli, the line was very successful at controlling puck possession at 5-on-5 and was one of the most dominant lines in the NHL over the first couple of games of the season. However, since Paul was put back on the third line at center, his possession numbers at 5-on-5 are starting to look like last year. Over the two-game span against the Wild and the Jets, Paul had an 18.58 on-ice expected goals for percentage share (xGF%) at 5-on-5, ranked lowest on the roster. Furthermore, his 33.62 on-ice shots for percentage (SF%) ranked last on the team. In other words, with Paul on the ice, the Lightning gave up two shots for one they produced. As management starts to think about in-season acquisitions, a third-line scoring forward should be at the top of the list for Tampa especially since Mikey Eyssimont isn’t producing (he’s a better fourth line guy) though Mitchell Chaffee is playing solid; who would you think be some valid options for that third line to help Paul and Chaffee?

I wouldn’t be too concerned about a rough couple of games on a different trio (though admittedly, things didn’t get much better in their last outing).  When you’re shifting to a different role on a different line at a different position, you get a bit of leeway.  That said, there needs to be improvement on that front relatively soon.

As for potential pickups, I think Tampa Bay would prefer to shop on the rental market given that they already have nearly $82MM on the books for next season, per PuckPedia.  I suspect GM Julien BriseBois would like to leave himself some flexibility to try to make a splash again next summer so a one-and-done acquisition would help make that happen.  With that in mind, I’ll limit my picks here to the rental market.

The first name that comes to mind isn’t necessarily a scorer.  I could see Luke Kunin making sense for them.  He could plausibly play the role Paul has now, allowing Paul to move back to the second line.  Kunin also plays with an edge physically, an element they lost when they moved Tanner Jeannot to Los Angeles over the summer.  Assuming they don’t have too many injuries between now and the deadline, the Lightning should be able to absorb his $2.75MM AAV in full as the Sharks don’t have any retention slots remaining.  If they have ample cap space, perhaps they aim higher in San Jose and try for Mikael Granlund ($5MM) which would add some offensive upside to the bottom six and again, probably allow Paul to move up.

As for other options, if Nashville can’t get out of its tailspin and winds up selling, Gustav Nyquist would add some pop on the wing if the plan is to keep Paul down the middle.  If Buffalo finds itself selling again, Jordan Greenway would add some size and scoring potential on that trio as well.  Meanwhile, if they want to pivot the third line into more of an outright checking line, someone like Joel Armia could be a low-cost flyer with some playoff experience.

@SakariL89761: When teams ’paper’ down players to the AHL or ’bank’ cap space, does it affect the players financially and if so, can the union stop it in the next CBA?

If the player is on a two-way contract, yes, it affects them financially as they’d receive their AHL salary for the day over their NHL salary, a difference of several thousand dollars.  If they’re on a one-way deal, the player actually saves a bit of money as there is no escrow taken off when the player is in the minors.

I’m not sure there’s a great way to stop it.  Frankly, I’m not certain the NHLPA would necessarily want to stop it.  If you put a cap on the number of assignments to the minors (like MLB did to try to cut down on the roster churning for optionable pitchers a couple of years ago), you could wind up taking away opportunities from deserving players later in the year if they’re ‘out of options’ so to speak as a team won’t want to call up a player they can’t send down anymore.

Meanwhile, some of the opportunities created for the players on the fringes of the roster are because teams can do the paper transactions.  In essence, their final roster spot only costs part of the $775K minimum salary.  But if you can’t shuffle the players, how many of those teams just won’t bother to carry the extra body?  (Or how many might not be able to afford it?)  Now you might be taking away opportunities for players in the minors, even if they’re only on the NHL roster part-time.

In a cap system that’s pretty restrictive, I can’t see there being any desire from teams to put any restrictions on this and with the NHLPA likely realizing that changing the system will negatively affect some members as well, I can’t see it being a high-priority item for them in CBA talks when they potentially get underway next year.

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Unclemike1525: Isn’t there a draft rule that you can’t have a high pick so many years in a row? So even if the Hawks keep losing what would be the highest pick they could possibly get next year? How does that work or am I completely wrong? Thanks as always.

In 2021, the Draft Lottery rules changed and among the new rules put in is the cap on the number of times a team can move up.  The specific text is as follows:

No single team will be able to advance in the Draft order by reason of winning a Lottery Draw more than two (2) times in any five (5) year period.

Notably, this does not include maintaining your position with a lottery win.  So if a team finishes last and wins the draft lottery, it doesn’t count against one of their two victories above.

Chicago has two lottery wins under the new system.  They went from third to first in 2022, selecting Connor Bedard in the process.  That counts against their limit.  Last year, they won the second lottery but that allowed them to merely retain their position, not advance.  As a result, that one doesn’t count against the limit of two.  That means that there is no cap on how high they can pick in the 2025 draft.  Depending on what happens there will dictate their situation beyond then.

trak2k: I was amazed that the Edmonton Oilers said that Connor McDavid has an ankle injury and not just a lower-body injury.

Could you see more teams actually saying what the injury is, instead of just saying it’s an upper or lower-body injury?

I very much wish the answer to this was yes but no, most teams aren’t willingly going to disclose any specifics unless they absolutely have to.  We’ve even seen a couple of coaches take it a step further by saying their player has a ‘body injury’; it wouldn’t surprise me if we see that a bit more now.  The reality is that there’s little benefit to releasing that information and when you’re dealing with someone’s personal health information (and injury information qualifies), teams are going to opt to say as little as possible in most circumstances.

Photo courtesy of USA Today Sports Images.

Pro Hockey Rumors Originals PHR Mailbag

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2024-25 NHL Salary Retention Slots Available

November 10, 2024 at 11:00 am CDT | by Josh Erickson Leave a Comment

Nearly every NHL team has some money tied up in players no longer playing for the club or penalties for exceeding the salary cap the prior season, usually due to clubs not having ample space in their performance bonus cushion. Buyouts are generally the most common form of money tied up in players not on the active roster or injured reserve. However, they also don’t come into play much during the regular season, as teams can only execute them during specific windows over the summer.

Retained salary transactions, though, do matter year-round. They’re also occurring more frequently as the number of multi-team trades increases, allowing playoff contenders and big spenders to accumulate more talent at lesser cap hits while rebuilding squads accumulate assets for taking on a portion of a player’s contract who will never play for them.

While teams could theoretically have unlimited buyouts on the books year-over-year, they can only retain salary on three contracts simultaneously. Those three slots are quite valuable for rebuilding clubs near the trade deadline, which is why they’ll normally stray away from eating money on contracts with more than two or three years left. There are some notable exceptions to that in this list, though.

Teams cannot retain more than 50% of a player’s salary, and a contract cannot be involved in more than two retained salary transactions. Here are the NHL’s current retained salary slots available for 2024-25, which we’ll continue to update through the rest of the regular season and the first part of the offseason:

Updated 11/10/24 (10:35am CT)


Anaheim Ducks

3/3 available

Boston Bruins

3/3 available

Buffalo Sabres

3/3 available

Calgary Flames

2/3 available

  • G Jacob Markström ($1.875MM through 2025-26)

Carolina Hurricanes

3/3 available

Chicago Blackhawks

2/3 available

  • D Jake McCabe ($2MM through 2024-25)

Colorado Avalanche

3/3 available

Columbus Blue Jackets

3/3 available

Dallas Stars

3/3 available

Detroit Red Wings

3/3 available

Edmonton Oilers

3/3 available

Florida Panthers

3/3 available

Los Angeles Kings

2/3 available

  • D Ivan Provorov ($2.025MM through 2024-25)

Minnesota Wild

3/3 available

Montreal Canadiens

1/3 available

  • D Jeff Petry ($2.344MM through 2024-25)
  • G Jake Allen ($1.925MM through 2024-25)

Nashville Predators

2/3 available

  • D Mattias Ekholm ($250K through 2025-26)

New Jersey Devils

3/3 available

New York Islanders

3/3 available

New York Rangers

3/3 available

Ottawa Senators

2/3 available

  • G Joonas Korpisalo ($1MM through 2027-28)

Philadelphia Flyers

2/3 available

  • F Kevin Hayes ($3.571MM through 2025-26)

Pittsburgh Penguins

1/3 available

  • D Jeff Petry ($1.563MM through 2024-25)
  • F Reilly Smith ($1.25MM through 2024-25)

San Jose Sharks

0/3 available

  • D Brent Burns ($2.72MM through 2024-25)
  • D Erik Karlsson ($1.5MM through 2026-27)
  • F Tomáš Hertl ($1.388MM through 2029-30)

Seattle Kraken

3/3 available

St. Louis Blues

3/3 available

Tampa Bay Lightning

3/3 available

Toronto Maple Leafs

3/3 available

Utah Hockey Club

2/3 available

  • D Oliver Ekman-Larsson (cost fluctuates due to buyout through 2030-31, costs $320K this season)

Vancouver Canucks

1/3 available

  • F Ilya Mikheyev ($712.5K through 2025-26)
  • D Tucker Poolman ($500K through 2024-25)

Vegas Golden Knights

3/3 available

Washington Capitals

3/3 available

Winnipeg Jets

3/3 available

Pro Hockey Rumors Originals

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Stefan Noesen Providing Devils With Thriving Depth

November 6, 2024 at 2:46 pm CDT | by Gabriel Foley 1 Comment

The New Jersey Devils have begun righting their ship after finishing second-to-last in the Metropolitan Division last year. They’re now second from the top, boasting a stout 8-5-2 through the early season. That resurgence has largely been inspired by Jack Hughes and Dougie Hamilton returning to full health, and Jacob Markstrom finally bringing legitimacy to the Devils’ crease – but New Jersey has pulled one more ace from up their sleeves. Through the addition of Stefan Noesen and Paul Cotter, New Jersey has transformed a muddied bottom-six into one of the league’s best.

The impact of Noesen’s hot start can’t be understated. The Devils’ success has always been rooted in strong bottom-six glue guys – but the team has struggled to find a suitable boost after the departures of the likes of Pavel Zacha, Michael McLeod, and Yegor Sharangovich. Hot-and-cold performances from Erik Haula and Alexander Holtz spurred the team last year, but it was little momentum in the face of multiple key injuries.

Enter now Noesen, who’s had the wind behind his sails for three seasons, kicked off by a starring role with the 2021-22 Chicago Wolves. In what was the 10th season of an otherwise lackluster minor-league career, Noesen posted 48 goals and 85 points in 70 games in the regular season, then added 25 points in 18 playoff games to push Chicago all the way to the Calder Cup Championship. That championship-winning leadership earned Noesen a promotion to Chicago’s on-again-off-again affiliate the Carolina Hurricanes for 2022-23.

Noesen continued to thrive at the top flight, potting 36 points and 37 points – both career-highs – respectively across the last two seasons with the Canes. He earned nearly all of those points through hard-nosed and high-tempo drives into the low-slot, where he was able to routinely win space and bury loose pucks. That crash-the-net style is now excelling on Sheldon Keefe’s Devils, where Noesen is flanked by the gritty Cotter and the shoot-first Haula – giving him space to operate as a strong second-man-in. While Cotter – who’s own hot start is also a main factor in New Jersey’s success – fights for the puck in the corner, Noesen is able to set up camp in the slot while Haula provides high-zone coverage.

It’s a chemistry that simply makes sense. But the effects of such a well-matched line are working to peak effect while the likes of Hughes, Timo Meier, and Dawson Mercer each find their top-notch scoring once again. Noesen has 13 points through 15 games in New Jersey. Nine of those points have come at even-strength. And while that production (a 71-point pace across 82 games) likely isn’t sustainable, it’ll serve as the underpinning of New Jersey’s success this season. The Devils are still waiting for all of their engines to fire, but the third line is working to full effect – and Noesen and Cotter are quickly proving two of the most impactful new additions across the league.

Noesen signed a three-year, $8.25MM contract with New Jersey on July 1st. The deal will take him through his age-34 season – and is already looking like a steal just 15 games in. After a journeyman career that started with a first-round selection in 2011 and proceeded with trips with seven NHL teams and six AHL teams – Noesen has finally found his footing at the pro level. He’s proven a capable scorer and an even better forechecker – both traits the Devils’ depth chart was sorely lacking. Sometimes it’s best not to mess with a good thing, and New Jersey is now faced with a chance to embrace a well-constructed and ever-efficient third-line. If it holds, the trio could be the piece that propels New Jersey into a long run next summer.

NHL| New Jersey Devils| Pro Hockey Rumors Originals Stefan Noesen

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Salary Cap Deep Dive: Edmonton Oilers

November 3, 2024 at 8:23 pm CDT | by Brian La Rose 2 Comments

Navigating the salary cap is one of the most important tasks for a front office.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t often see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation for the 2024-25 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of PuckPedia.  We’re currently covering the Pacific Division, next up is the Flames.

Edmonton Oilers

Current Cap Hit: $88,224,659 (above the $88MM Upper Limit)

Entry-Level Contracts

None on the active roster.

Signed Through 2024-25, Non-Entry-Level

D Evan Bouchard ($3.9MM, RFA)
F Connor Brown ($1MM, UFA)
D Travis Dermott ($775K, UFA)
D Ty Emberson ($950K, RFA)
F Corey Perry ($1.15MM, UFA)
F Derek Ryan ($900K, UFA)
F Jeff Skinner ($3MM, UFA)

Potential Bonuses
Perry: $250K

Skinner was somewhat of a surprising late entrant to the market after Buffalo elected to buy him out.  He found what should be a good landing spot for a pillow deal, as long as he can stay in the top six.  If he does, he could push past $4MM on a multi-year deal, closer to $5MM if he’s able to reach the 50-point mark.  Perry fit in well after joining the team midseason, earning this agreement to stick around.  At 39, it’s safe to say he’ll be going year-to-year from here on out.  Bonus-wise, he’ll make $150K at the 15-game mark while $50K depends on Edmonton winning at least two playoff rounds and playing at least half the playoff games.  The other $50K is if Edmonton makes it to the Stanley Cup Final while playing in half the games.

Brown’s cost this season is a bit misleading as the Oilers are also eating the $3.225MM in bonuses he earned last year.  But for what he’s making in salary this year, he provides good value as a depth player who showed in the playoffs that he can be a key piece.  Ryan has seen his role and production decline in recent years and he’ll be 38 before the end of 2024.  This is a roster spot they’ll need to keep cheap so it’s possible they ask him to stay on a small cut in pay.  If not, he could be a candidate for a PTO next summer.

Former GM Ken Holland really only had one option with Bouchard last summer, they had to do a bridge deal to fit within their cap structure at the time and no offer sheet materialized while he wasn’t arbitration-eligible.  The result is that Bouchard spent last season on a below-market deal and it’s the same thing this season.  However, the pendulum is about to swing the other way in a big way.  Bouchard had a breakout effort last season, averaging just over a point per game and did even better in the playoffs.  His qualifying offer will be $4.3MM next summer but it’s widely expected he’ll double that and then some, especially if the sides are able to work out a long-term deal.

Emberson was picked up from San Jose as part of the Cody Ceci deal, one that netted Edmonton some cap savings and an intriguing blueliner.  Now 24, he only made his NHL debut last season and he’ll need to get into 50 games this year for the Oilers to retain his RFA rights.  It’s possible arbitration eligibility makes him a non-tender option but failing that, a small raise into the $1.3MM range could be doable.  Dermott had to go the PTO route this year and if he stays in a reserve role, it’s quite likely he’ll stay at the minimum moving forward.

Signed Through 2025-26

F Viktor Arvidsson ($4MM, UFA)
D Mattias Ekholm ($6MM, UFA)*
F Adam Henrique ($3MM, UFA)
F Evander Kane ($5.125MM, UFA)
D Brett Kulak ($2.75MM, UFA)
F Connor McDavid ($12.5MM, UFA)
G Calvin Pickard ($1MM, UFA)
F Vasily Podkolzin ($1MM, UFA)
G Stuart Skinner ($2.6MM, UFA)
D Troy Stecher ($787.5K, UFA)

*-Nashville is retaining an additional $250K of Ekholm’s contract.

McDavid’s next contract is one that has been speculated about for several years now and discussion on that front will only pick up with him becoming extension-eligible this summer.  His current contract was a record-breaker at the time for the highest AAV.  His next one will set a new benchmark on that front and possibly could overtake Alex Ovechkin for the richest deal in league history ($124MM total over 13 years) despite the maximum length now only being eight seasons.  That would bring the cap hit to $15.5MM and while that’s a very high price tag, McDavid has led the NHL in scoring in five of the last eight years.  If Edmonton doesn’t give that type of money to him, someone will.

Kane has been effective when healthy since joining the Oilers, playing a legitimate top-six role.  Considering he’s a power forward (those players often cost a premium), the cap charge is reasonable, as long as he’s in the lineup.  He’s on LTIR right now, allowing Edmonton to exceed the cap for the time being.  Arvidsson was Edmonton’s biggest commitment in free agency, a move that came as a bit of a surprise as the veteran was a candidate for a one-year pillow deal to try to rebuild his value after an injury-riddled 2023-24 campaign.  Instead, the Oilers got him at a bit of a below-market rate assuming he’s able to produce at the second-line level he has before.  He hasn’t done that early on but they’re probably not worried about that at this point.

Henrique was expected to just be a rental pickup for Edmonton but they were able to get him to take less than he was being offered elsewhere to stick around.  Given his track record, it’s a good value contract as long as he can at least hold down a spot on the third line.  That said, that role will also hinder his open-market value two years from now.  Podkolzin was brought in to essentially fill Dylan Holloway’s roster spot following his offer sheet in St. Louis.  At this point of his career, he’s unlikely to live up to his draft billing (tenth overall in 2019) but if he can emerge as a regular in the bottom six, Edmonton will get good value from the contract and acquisition if nothing else.  He’ll be arbitration-eligible when this deal expires and depth pieces with that eligibility tend to be non-tender candidates.  On a cap-strapped team like the Oilers, they’ll need to keep this roster spot around this price tag whether it’s Podkolzin or someone else.

Ekholm has been a terrific addition to their back end since being acquired near the 2022 trade deadline.  He has helped stabilize things defensively while also showing more in the offensive zone than he did with Nashville.  That said, he’ll be 36 when his current deal expires; players that age don’t tend to get significant raises.  Instead, it wouldn’t be surprising if a three or four-year deal around this price point was the end result.

Kulak has seemingly been on speculative thin ice for a couple of years now with their cap crunch but he has remained each time.  As a third-pairing blueliner, this contract is a bit on the expensive side but with them being comfortable moving him into the top four when injuries arise, it has held up okay so far.  It wouldn’t be shocking to see him land another deal in this range (both term and price) in 2026.  Stecher has been a serviceable depth defender for several years now but as long as he’s still in more of a limited role, his price tag should continue to be around the league minimum.

It would be fair to say that Skinner has been hit or miss while on this contract with not a lot in between.  Nevertheless, at the price point of a decent backup, his overall success rate has been better than that despite a slow start this season so they’ve received good value so far.  If he can improve and play more consistently, it’s possible that he could double this price point but if he continues to be on the extreme ends of hot or cold, it’d be hard to see enough of a market emerge for him to get starter money.  Pickard had primarily been a third-string option until partway through last year which is why his contract was still quite low for a backup.  If he holds that down and is somewhat consistent, he could also possibly double this price point although Edmonton would be hard-pressed to pay that much for their second goalie.

Signed Through 2026-27

F Mattias Janmark ($1.45MM, UFA)

Janmark struggled considerably during the regular season and it looked as if they’d be moving on from him.  However, he wound up playing a key supporting role during their playoff run, giving him a boost in value heading to the open market which allowed him to get a small raise, some job security, and even some trade protection.  Assuming he stays in the same role as he has been lately, it’s hard to foresee him getting much more than this three years from now.

Read more

Signed Through 2027-28 Or Longer

F Leon Draisaitl ($8.5MM, in 2024-25, $14MM from 2025-26 through 2032-33)
F Zach Hyman ($5.5MM through 2027-28)
F Ryan Nugent-Hopkins ($5.125MM through 2028-29)
D Darnell Nurse ($9.25MM through 2029-30)

Draisaitl has been one of the top scorers in the league throughout this deal but has been making a lot less than McDavid and many other NHL stars.  That’s set to change when his new record-setting (for now) contract begins next season.  This one almost certainly won’t be as team-friendly but it’s a price tag they had to pay to avoid him testing the open market in the summer when he’d have had multiple suitors at or even above this price point.

Hyman has found another couple of gears offensively since joining the Oilers.  He set a new career-high in goals (36) in his first season with them, then obliterated it last year with 54.  While that’s not sustainable, legitimate top-six forwards with some grit and a good scoring touch often get more than this in free agency.  There may be some concerns in the final year or two of the deal but they’ll have received plenty of surplus value by then.  Nugent-Hopkins left money on the table to stick around relative to what a consistent top-six center would have received on the open market.  Again, the final year or two could be more of a concern given how long his career has been already (having played in the NHL at 18) but they’ve been getting a bargain on this deal so far.

When Holland signed Nurse to this contract, he felt he was getting an all-around number one defender locked up at market value.  That hasn’t quite happened.  His offensive production hasn’t gotten to that high level and with Bouchard in the fold, it’s unlikely that it will.  He also has struggled when he’s in that number one role.  He’s still an above-average blueliner and an important part of their back end but for the role he best fits, he’s overpaid by a few million per season.

Buyouts

G Jack Campbell ($1.1MM in 2024-25, $2.3MM in 2025-26, $2.6MM in 2026-27, $1.5MM from 2027-28 through 2029-30)
F James Neal ($1.917MM in 2024-25)

Retained Salary Transactions

None

Best Value: (non-entry-level) Bouchard
Worst Value: Nurse

Looking Ahead

By not matching the offer sheets to Holloway and Philip Broberg and the subsequent roster moves, GM Stan Bowman was able to get Edmonton under the cap to start the season even with Kane on LTIR.  That has since changed for the time being but that should be temporary.  They’re at least in a spot where they won’t be under the gun to clear out a contract when Kane is able to return.  Between that and being able to bank some in-season flexibility to add help at the trade deadline, that’s not a bad spot to be considering where it could have been.

But things are about to get even tighter.  The team already has more than $76MM committed to 15 players for next season and Bouchard could add another $10MM or so to that figure.  Even if they filled out the rest of the roster with minimum-salaried players, they probably wouldn’t be cap-compliant even with the anticipated increase to the Upper Limit.  Factor in another record-setting contract to McDavid the following year and it’s clear that Edmonton won’t be able to have the same type of secondary scoring depth that they have now for much longer.

Photos courtesy of USA Today Sports Images.

Edmonton Oilers| Pro Hockey Rumors Originals| Salary Cap Deep Dive 2024

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John Carlson’s Resurgence Driving Capitals’ Hot Start

November 2, 2024 at 5:48 pm CDT | by Josh Erickson 3 Comments

The Capitals have been in no man’s land for the past few seasons. Their record has steadily regressed as Alex Ovechkin continues to chase Wayne Gretzky’s all-time goal-scoring record, a mark he’ll likely hit this season. In 2023, they missed the playoffs entirely for the first time in nine years, and they’ve yet to win a postseason series since lifting the Stanley Cup in 2018.

Washington got back into the playoff picture last season, but most viewed it as a mirage – and rightfully so. The team’s 40-31-11 record translated to 91 points, which would have kept them seven out of a berth in the Western Conference. They also squeaked in with an astonishing -37 goal differential, a bottom-five offense, and below-league-average 5-on-5 analytics and special teams. Put nicely, it was a fluke. Unsurprisingly, they were outscored 15-7 by the Rangers in the first round and exited without a win.

But entering Saturday’s games, the Caps had a 7-2-0 record and a .778 points percentage, tied with the Hurricanes for the best in the East. Last year’s sputtering offense has suddenly come alive, averaging 4.11 goals per game. At the time of writing, they’re set to improve that total after a six-goal effort in the first half of their game against the Blue Jackets.

Nearly every red flag from last season’s showing has been erased as they enter their second season with Spencer Carbery as head coach. They’ve been a legitimately dominant force at even strength. Heading into the weekend, the Caps’ 54.6 CF% at 5-on-5 was fourth in the league, as was their 55.4 SCF%. Their 55.3% share of high-danger chances at 5-on-5 was seventh.

Ovechkin (5 G, 5 A) and center Dylan Strome, who leads the club with 10 assists and 13 points, have the flashiest point totals. However, chugging along on the back end is John Carlson, who, despite turning 35 in a couple of months, is arguably having the best start of his career in terms of two-way play.

Carlson has remained a minute muncher in his twilight years. Last year, he led the league in average time on ice at 25:54 per game. Washington made a concerted effort to get him more help this offseason, swapping Nick Jensen for Jakob Chychrun and inking top-four fixture Matt Roy in free agency. Roy’s acquisition was mainly targeted to relieve Carlson’s workload as a much-improved No. 2 right-shot option, but he’s been out since the season opener with a lower-body injury.

That hasn’t affected Carlson in the slightest. He’s averaging a whopping 26:25 per game, still leading the league while posting the best possession metrics of his life. His newfound ability to control possession at even strength is arguably the most significant impetus behind Washington’s early-season success. The Caps control 57% of shot attempts at even strength with Carlson on the ice compared to 51.5% without him. The Capitals lifer has never had that much of an impact on Washington’s even-strength possession control in his 16-year career. He’s had a fair amount of seasons, especially early in his career, where he was a drain on their 5-on-5 possession play. Overall, his numbers have been about in line with the Capitals’ team averages.

He’s also turned back the clock offensively with a pair of goals and six assists for eight points in nine games. After continuing to hover near a point per game in the early days of the post-COVID era, he was limited to 0.66 points per game over the 2022-23 and 2023-24 campaigns. That’s led to him not receiving even any outside Norris Trophy consideration after finishing no lower than 12th in five straight years from 2018 to 2022. His +11 rating is also tied with the Golden Knights’ Brayden McNabb and the Lightning’s J.J. Moser for the league lead. Most of that point production has come at even strength, too, with only one each of those goals and assists coming on the power play.

At least so far, all those advanced numbers point to Carlson’s resurgence as sustainable, at least for this season. He also ranks fourth on the team in blocks (14), seventh in hits (14), and is tied with Chychrun for the team lead with seven takeaways.

His re-emergence as a top-flight defenseman also leads to a rarity for Washington – the last couple of years of a max-term extension being worth face value. Carlson is still locked in at $8MM against the cap through the 2025-26 season. It was a contract that gave Washington great value through the first couple of years but started to look dicey at the midway point, a commonality with long-term pacts. But his early-season showing suggests he’s still worth that money, if not more, in terms of market value.

While the Capitals’ roster has been rejuvenated with some newly drafted and developed talent, it’s still an excellent story for a member of the old guard to be a legitimate factor in the team’s on-ice success as the franchise turns the page. Carlson owns nearly every franchise record among defenders. He’s the only D-man to play over 1,000 career games in a Capitals uniform, and he also owns team records for career goals (153), assists (529), points (682), and shots (2,375) among defenders.

Image courtesy of USA Today Sports.

Pro Hockey Rumors Originals| Washington Capitals John Carlson

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2024-25 NHL In-Season Trades

October 30, 2024 at 9:18 am CDT | by Josh Erickson Leave a Comment

As with 2024’s offseason trades, we’ll keep track of all the NHL trades completed this season and update this article with each transaction. This post can be found anytime throughout the season on our desktop sidebar under “Pro Hockey Rumors Features” or our mobile menu under the Flame icon.

Trades are listed here in reverse chronological order, with the latest on top. So, if a player has been dealt multiple times, the first team listed as having acquired him is the one that ended up with him. Trades listed in italics have been agreed upon but are not yet official. For more details on each trade, click the date above it.

Here’s the full list of trades completed during the 2024-25 NHL season:


March 7

  • Maple Leafs acquire F Reese Johnson
  • Wild acquire future considerations

March 7

  • Bruins acquire D Daniil Misyul.
  • Devils acquire F Marc McLaughlin.

March 7

  • Bruins acquire D Henri Jokiharju.
  • Sabres acquire the Oilers’ 2026 fourth-round pick.

March 7

  • Panthers acquire F Brad Marchand.
  • Bruins acquire the Panthers’ 2027 second-round pick.
    • Condition: the Panthers’ pick will upgrade to their 2028 first-rounder if certain conditions are met.

March 7

  • Maple Leafs acquire D Brandon Carlo (15% retained) and a Penguins late-round draft pick.
  • Bruins acquire F Fraser Minten and the Maple Leafs’ 2026 first-round pick.
  • Penguins acquire F Connor Dewar and D Conor Timmins.

March 7

  • Senators acquire F Fabian Zetterlund, F Tristen Robins, and the Sharks’ 2025 fourth-round pick.
  • Sharks acquire F Zack Ostapchuk, F Noah Gregor, and the Senators’ 2025 second-round pick.

March 7

  • Devils acquire F Daniel Sprong.
  • Kraken acquire the Devils’ 2026 seventh-round pick.

March 7

  • Devils acquire F Cody Glass and F Jonathan Gruden.
  • Penguins acquire F Chase Stillman, the signing rights F Max Graham, and the Devils’ 2027 third-round pick.

March 7

  • Hurricanes acquire F Mark Jankowski.
  • Predators acquire the Hurricanes’ 2026 fifth-round pick.

March 7

  • Islanders acquire D Dennis Cholowski.
  • Devils acquire F Adam Beckman.

March 7

  • Sabres acquire D Erik Brännström.
  • Rangers acquire F Nicolas Aubé-Kubel.

March 7

  • Avalanche acquire D Erik Johnson.
  • Flyers acquire F Givani Smith.

March 7

  • Blackhawks acquire the contract of D Shea Weber, the signing rights to D Victor Söderström, and F Aku Raty.
  • Utah acquires the Blackhawks’ 2026 fifth-round pick.

March 7

  • Blue Jackets acquire F Luke Kunin.
  • Sharks acquire the Blues’ 2025 fourth-round pick.

March 7

  • Avalanche acquire F Charlie Coyle and the Bruins’ 2026 fifth-round pick.
  • Bruins acquire F Casey Mittelstadt, the Hurricanes’ 2025 second-round pick, and the signing rights to F Will Zellers.

March 7

  • Red Wings acquire G Petr Mrázek and F Craig Smith.
  • Blackhawks acquire F Joe Veleno.

March 7

  • Jets acquire F Brandon Tanev.
  • Kraken acquire the Jets’ 2027 second-round pick.

March 7

  • Maple Leafs acquire F Scott Laughton (50% retained), the Flyers’ 2025 fourth-round pick, and the Flyers’ 2027 sixth-round pick.
  • Flyers acquire F Nikita Grebenkin and the Maple Leafs’ 2027 first-round pick.
    • Condition: the Maple Leafs’ 2027 first-rounder is top 10 protected and will slide to 2028 if it falls within that range.

March 7

  • Stars acquire F Mikko Rantanen.
  • Hurricanes acquire F Logan Stankoven, the Stars’ 2026 first-round pick, the Stars’ 2028 first-round pick, the Stars’ 2026 third-round pick, and the Stars’ 2027 third-round pick.
    • Conditions: the Stars’ first-round picks are top 10 protected.

March 7

  • Jets acquire D Luke Schenn.
  • Penguins acquire the Jets’ 2026 second-round pick and the Jets’ 2027 fourth-round pick.

March 7

  • Kings acquire F Andrei Kuzmenko (50% retained) and the Flyers’ 2025 seventh-round pick.
  • Flyers acquire the Kings’ 2027 third-round pick.

March 7

  • Senators acquire F Dylan Cozens, D Dennis Gilbert, and the Sabres’ 2026 second-round pick.
  • Sabres acquire F Joshua Norris and D Jacob Bernard-Docker.

March 7

  • Capitals acquire F Anthony Beauvillier.
  • Penguins acquire the Capitals’ 2025 second-round pick.

March 6

  • Oilers acquire D Jake Walman.
  • Sharks acquire the Oilers’ 2026 first-round pick and F Carl Berglund.
    • Condition: If the Oilers’ pick falls in the top 12, they can elect to transfer their 2027 first-rounder to San Jose instead. If Edmonton trades their 2027 first prior to the 2026 trade deadline, their 2026 first transfers to the Sharks unprotected.

March 6

  • Avalanche acquire F Brock Nelson (50% retained) and F William Dufour.
  • Islanders acquire F Calum Ritchie, the Avalanche’s 2026 first-round pick, and the Avalanche’s 2028 third-round pick.
    • Condition I: If the Avalanche’s 2026 first-rounder transfers to the Flyers – they owe Philly a 2025 first but it’s top-ten protected – or if it’s top 10 in 2026, the Islanders receive the Avs’ 2027 first-round pick instead.
    • Condition II: The 2028 third-rounder transfers only if the Avalanche win the Stanley Cup in 2025 and Nelson plays in 50% of their playoff games.
  • Ducks acquire D Oliver Kylington.

March 6

  • Wild acquire F Justin Brazeau.
  • Bruins acquire F Marat Khusnutdinov, F Jakub Lauko, and their own 2026 sixth-round pick.

March 6

  • Rangers acquire D Carson Soucy.
  • Canucks acquire the Sharks’ 2025 third-round pick.

March 6

  • Panthers acquire G Kaapo Kähkönen.
  • Jets acquire G Chris Driedger.

March 6

  • Golden Knights acquire F Reilly Smith.
  • Rangers acquire F Brendan Brisson and the Sharks’ 2025 third-round pick.

March 6

  • Panthers acquire F Nico Sturm and the Sharks’ 2027 seventh-round pick.
  • Sharks acquire the Panthers’ 2026 fourth-round pick.

March 6

  • Devils acquire D Brian Dumoulin (50% retained).
  • Ducks acquire a conditional 2025 second-round pick and the signing rights to F Herman Träff.
    • Condition: the Ducks will receive the better of the Oilers’ or Jets’ 2025 second-round pick.

March 5

  • Predators acquire F Michael Bunting and the Penguins’ 2026 fourth-round pick.
  • Penguins acquire D Luke Schenn and F Thomas Novak.

March 5

  • Sharks acquire D Vincent Desharnais.
  • Penguins acquire the Sharks’ 2028 fifth-round pick.

March 5

  • Lightning acquire F Yanni Gourde (75% retained), F Oliver Bjorkstrand, the signing rights to D Kyle Aucoin, and the Kraken’s 2025 fifth-round pick.
  • Kraken acquire F Michael Eyssimont, a conditional 2026 first-round pick, a conditional 2027 first-round pick, the Maple Leafs’ 2025 second-round pick, and retain 50% of Gourde’s contract.
  • Red Wings acquire a conditional 2025 fourth-round pick and retain 25% of Gourde’s contract.
    • Note I: The Kraken retain 50% of Gourde’s initial $5.166MM cap hit before trading him to the Red Wings as the intermediary. Detroit retained the maximum 50% of the remaining balance before trading him to Tampa Bay. Gourde will cost $1.29MM against Tampa Bay’s cap for the remainder of the season while costing $2.58MM for Seattle and $1.29MM for Detroit. 
    • Note II: Both first-round picks headed to Seattle are top-10 protected. If either picks fall in the top-10, they slide back one year. If that happens to either draft selection, the Lightning will send a third-round pick to the Kraken for any year it happens. 
    • Note III: Detroit will acquire the higher of Tampa Bay or Edmonton’s 2025 fourth-round pick. 

March 5

  • Panthers acquire G Vítek Vaněček.
  • Sharks acquire F Patrick Giles.

March 4

  • Oilers acquire F Trent Frederic (75% retained), F Max Jones, and the signing rights to F Petr Hauser.
  • Devils acquire the signing rights to F Shane Lachance and retain 25% of Frederic’s contract.
  • Bruins acquire D Maximus Wanner, the Blues’ 2025 second-round pick, and the Oilers’ 2026 fourth-round pick.
    • Note: the Bruins retained 50% of Frederic’s initial $2.3MM cap hit before trading him to the Devils as the intermediary. New Jersey retained the maximum 50% of the remaining balance before trading him to Edmonton. Frederic will cost $1.15MM against Boston’s cap for the remainder of the season while costing $575K for Edmonton and New Jersey.

March 1

  • Panthers acquire D Seth Jones (26.3% retained) and the Blackhawks’ 2026 fourth-round pick.
  • Blackhawks acquire G Spencer Knight and the Panthers’ 2026 first-round pick.
    • Condition: the Blackhawks will receive the Panthers’ 2027 first-round pick if they trade away their 2026 selection.

March 1

  • Wild acquire F Gustav Nyquist (50% retained).
  • Predators acquire the Wild’s 2026 second-round pick.

March 1

  • Avalanche acquire D Ryan Lindgren (50% retained), F Jimmy Vesey, and the signing rights to D Hank Kempf.
  • Rangers acquire F Juuso Pärssinen, D Calvin de Haan, a conditional 2025 second-round pick, and a conditional 2025 fourth-round pick.
    • Note: the Rangers will receive the better of their own or the Hurricanes’ 2025 second-rounder and the better of the Avalanche’s or Canucks’ 2025 fourth-rounder.

February 26

  • Wild acquire F Tyler Madden.
  • Kings acquire D Joseph Cecconi.

February 25

  • Predators acquire F Jesse Ylönen
  • Lightning acquire F Anthony Angello

February 24

  • Ducks acquire G Ville Husso.
  • Red Wings acquire future considerations.

February 18

  • Predators acquire F Grigori Denisenko.
  • Golden Knights acquire future considerations.

February 13

  • Penguins acquire F Mathias Laferrière.
  • Blues acquire F Corey Andonovski.

February 7

  • Predators acquire D Mark Friedman.
  • Canucks acquire future considerations.

February 3

  • Utah acquires F Samuel Walker.
  • Wild acquire future considerations.

February 1

  • Stars acquire F Mikael Granlund and D Cody Ceci.
  • Sharks acquire the Stars’ 2025 first-round pick and the Jets’ 2025 fourth-round pick.
    • Condition: If the Stars make the 2025 Stanley Cup Final, the 2025 fourth-rounder upgrades to a third.

January 31

  • Canucks acquire D Marcus Pettersson and F Drew O’Connor.
  • Penguins acquire F Danton Heinen, D Vincent Desharnais, F Melvin Fernström, and the Rangers’ 2025 first-round pick (conditional).
    • Condition: If the Rangers’ 2025 first-round pick falls within the top 13, it slides to 2026.

January 31

  • Rangers acquire F J.T. Miller, D Erik Brännström, D Jackson Dorrington.
  • Canucks acquire F Filip Chytil, D Victor Mancini, and the Rangers’ 2025 first-round pick (conditional).
    • Condition: If the Rangers’ 2025 first-round pick falls within the top 13, it slides to 2026.

January 30

  • Flames acquire F Joel Farabee and F Morgan Frost.
  • Flyers acquire F Andrei Kuzmenko, F Jakob Pelletier, the Flames’ 2025 second-round pick and the Flames’ 2028 seventh-round pick.

January 27

  • Islanders acquire D Scott Perunovich.
  • Blues acquire the Islanders’ 2026 fifth-round pick (conditional).

January 25

  • Lightning acquire F Ryder Korczak.
  • Rangers acquire F Lucas Edmonds.

January 24

  • Hurricanes acquire F Mikko Rantanen (50% retained), F Taylor Hall, and signing rights to F Nils Juntorp.
  • Avalanche acquire F Martin Nečas, F Jack Drury, the Hurricanes’ 2025 second-round pick, and the Hurricanes’ 2026 fourth-round pick.
  • Blackhawks acquire their own 2025 third-round pick and retain 50% of Rantanen’s salary.

January 22

  • Ducks acquire F Justin Bailey.
  • Sharks acquire F Pavol Regenda.

January 15

  • Jets acquire D Isaak Phillips.
  • Blackhawks acquire D Dmitri Kuzmin.

January 3

  • Penguins acquire D Colton Poolman.
  • Sabres acquire F Bennett MacArthur.

December 28

  • Avalanche acquire F Juuso Pärssinen and the Rangers’ 2026 seventh-round pick.
  • Predators acquire F Ondrej Pavel and the Avalanche’s 2027 third-round pick.

December 18

  • Canadiens acquire D Alexandre Carrier.
  • Predators acquire D Justin Barron.

December 18

  • Penguins acquire D Pierre-Olivier Joseph.
  • Blues acquire future considerations.

December 18

  • Kraken acquire F Kaapo Kakko.
  • Rangers acquire D William Borgen, the Kraken’s 2025 third-round pick and the Kraken’s 2025 sixth-round pick.

December 14

  • Blues acquire D Cam Fowler (38.5% retained) and the Ducks’ 2027 fourth-round pick.
  • Ducks acquire D Jérémie Biakabutuka and the Blues’ 2027 second-round pick.

December 9

  • Avalanche acquire G Mackenzie Blackwood, F Givani Smith, and Sharks’ 2027 fifth-round pick.
  • Sharks acquire G Alexandar Georgiev (14% retained), F Nikolai Kovalenko, Avalanche’s 2026 second-round pick, and Avalanche’s 2025 fifth-round pick.

December 6

  • Oilers acquire F Jacob Perreault.
  • Canadiens acquire D Noel Hoefenmayer.

December 6

  • Ducks acquire D Jacob Trouba.
  • Rangers acquire D Urho Vaakanainen and the Ducks’ 2025 fourth-round pick (conditional).
    • Condition: The Rangers will receive the lowest of the Ducks’ 2025 fourth-round pick or the Red Wings’ 2025 fourth-round pick.

November 30

  • Wild acquire D David Jiříček and the Blue Jackets’ 2025 fifth-round pick.
  • Blue Jackets acquire D Daemon Hunt, the Wild’s 2025 first-round pick (conditional), the Avalanche’s 2026 third-round pick, the Maple Leafs’ 2026 fourth-round pick, and the Wild’s 2027 second-round pick.
    • Condition: If the Wild’s 2025 first-round pick falls within the top five, it slides to 2026.

November 30

  • Predators acquire G Justus Annunen and the Avalanche’s 2025 sixth-round pick.
  • Avalanche acquire G Scott Wedgewood.

November 27

  • Predators acquire F Ryder Rolston.
  • Blackhawks acquire future considerations.

November 25

  • Penguins acquire F Philip Tomasino.
  • Predators acquire the Rangers’ 2027 fourth-round pick.

November 12

  • Capitals acquire F Lars Eller.
  • Penguins acquire the Capitals’ 2027 third-round pick and the Blackhawks’ 2025 fifth-round pick.

November 8

  • Kraken acquire F Daniel Sprong.
  • Canucks acquire future considerations.

November 4

  • Oilers acquire D Ronald Attard.
  • Flyers acquire D Ben Gleason.

October 30

  • Sharks acquire D Timothy Liljegren.
  • Maple Leafs acquire D Matt Benning, a 2025 third-round pick and the Sharks’ 2026 sixth-round pick.
    • Condition: The Maple Leafs will receive the higher of the Avalanche’s or Oilers’ 2025 third-round pick, both of which the Sharks previously acquired.

October 29

  • Utah acquires D Olli Määttä.
  • Red Wings acquire the Rangers’ 2025 third-round pick.

October 6

  • Canucks acquire D Erik Brännström.
  • Avalanche acquire D Tucker Poolman (20% retained) and the Canucks’ 2025 fourth-round pick.

Pro Hockey Rumors Originals

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Salary Cap Deep Dive: Calgary Flames

October 26, 2024 at 2:50 pm CDT | by Brian La Rose Leave a Comment

Navigating the salary cap is one of the most important tasks for a front office.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t often see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation for the 2024-25 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of PuckPedia.  We’re currently covering the Pacific Division, next up is the Flames.

Calgary Flames

Current Cap Hit: $69,288,958 (below the $88MM Upper Limit)

Entry-Level Contracts

F Matthew Coronato (one year, $925K)
F Samuel Honzek (three years, $918K)
F Connor Zary (one year, $863K)

Potential Bonuses
Coronato: $850K
Honzek: $500K
Zary: $212.5K
Total: $1.5625MM

When he was with the Flames, Coronato’s role and production were limited and he was deployed the same way early on this year before being demoted earlier this week.  With that in mind, a short-term bridge deal is likely coming his way, one that shouldn’t cost much more than his current deal.  Meanwhile, his bonuses are unlikely to be met.  Honzek made the team out of camp, playing his first four NHL games but has already landed on IR.  It’s too early to forecast what his next deal will be while his bonuses aren’t likely to be reached unless there is a portion split off for games played.

Zary, meanwhile, is a bit more established after getting into 63 games last season where he averaged over half a point per game.  He’s at a better rate in the early going this year while ranking in the top five for ATOI.  Someone with this type of profile could land a longer-term agreement which would likely push past the $5MM mark.  The safer bet here would be a bridge deal, however, one starting with a three.  If he stays at his current pace, he should easily reach his one ‘A’ bonus.

Signed Through 2024-25, Non-Entry-Level

D Kevin Bahl ($1.05MM, RFA)
D Tyson Barrie ($1.25MM, UFA)
D Joel Hanley ($787.5K, UFA)
F Adam Klapka ($775K, RFA)
F Andrei Kuzmenko ($5.5MM, UFA)
F Anthony Mantha ($3.5MM, UFA)
D Brayden Pachal ($775K, UFA)
F Kevin Rooney ($1.3MM, UFA)
G Dan Vladar ($2.2MM, UFA)

Kuzmenko is one of the more intriguing potential unrestricted free agents this coming summer.  His first year was quite impressive with 39 goals and 74 points but there was still some uncertainty about his repeatability, leading to this contract.  That wound up being wise for Vancouver as Kuzmenko struggled last season to the point of being a cap dump to the Flames.  To his credit, he played better after the swap and is off to a good start this season.  If he gets back to that 30-goal mark and shows that last year was the outlier, he could still land a contract around this price point with a bit more term this time around heading into his age-29 year.  But if he struggles again, something closer to $4MM might be where he lands.

Mantha didn’t have a strong market this past summer, leading to this contract where he’s hoping to play a big role and show that he’s worth a pricey long-term agreement.  He’s off to a decent start early on and the perceived upside might still be there.  If he rebounds, something in the $5MM range could happen; otherwise, he could stay around this price tag.  Rooney has had a very limited role with the Flames over his first two-plus seasons with them.  Accordingly, he should be closer to the league minimum moving forward.  Klapka has seen fourth-line action in his limited NHL minutes.  Accordingly, while his qualifying offer is for just under $814K, it wouldn’t be shocking to see Calgary offer a deal for the minimum with a higher AHL salary next time.

Barrie had a rough year last season and despite a track record of being a solid offensive producer from the back end, his market basically cratered to the point of needing to take a PTO.  With a limited role early on, it’s hard to project much of a raise at this point unless he can secure a full-time spot.  Bahl is more of a throwback stay-at-home defender and the lack of offensive numbers will hurt him.  Still, he’s viewed as part of their longer-term plans so it wouldn’t be surprising to see a four or five-year deal come his way with a price tag starting with a three.

Hanley hasn’t played much in the NHL in recent years but he has also been a full-time NHL player since the 2020-21 campaign, albeit primarily in a seventh role.  That’s likely to keep him around the minimum next time out, probably again on a one-way price tag.  Pachal has also spent a lot of time in the sixth or seventh role and while he’s getting a chance to play more regularly in Calgary, it’s still on the third pairing.  Accordingly, it’s hard to see him landing much more than $1MM next summer.

Vladar struggled considerably last season before undergoing hip surgery.  If he were to repeat the same type of performance this year, he’d be looking at closer to half of this price point.  However, indications are that he’s now healthier than he was the last couple of years and is off to a good start in limited action.  Given the ups and downs, he’s probably not going to be able to command top dollar for a backup option but the two-year, $6.6MM deal Laurent Brossoit received from Chicago this summer might be doable if Vladar has a bounce-back year.

Signed Through 2025-26

D Rasmus Andersson ($4.55MM, UFA)
F Mikael Backlund ($4.5MM, UFA)
D Jake Bean ($1.75MM, UFA)
F Ryan Lomberg ($2MM, UFA)
D Daniil Miromanov ($1.25MM, UFA)
F Martin Pospisil ($1MM, RFA)
G Dustin Wolf ($850K, RFA)

At 35, Backlund is nearing the end of his playing days but he still played top-line minutes last season and is averaging even more early on this year.  As long as he can hold down a regular spot in the top six and be his usually strong self defensively, Calgary will do well with this deal.  If that holds up through next season, another short-term contract in this price range could happen.

Lomberg was brought over from Florida in free agency on a deal that will be tough to justify from a value perspective as this contract for a player coming off a seven-point season isn’t much bang for the buck.  However, GM Craig Conroy identified that he wanted to add some grit and the fact it cost this much to get him suggests he had a relatively strong market.  Pospisil wound up on a bridge deal after only securing a regular NHL spot last season.  Even so, it’s a team-friendly agreement and if he shows he’s capable of more offensively, it will be a significant bargain.  If he can move into a top-six role – something they’ve already experimented with – he could triple this (or more) in 2026.

At the time Andersson’s deal was signed, it looked a bit risky.  He hadn’t recorded more than 22 points in a season and had yet to average 20 minutes a game.  However, it has worked out arguably better than Calgary could have hoped for.  His offensive production has improved considerably, topped by a 50-point effort in 2021-22.  He has become an all-situations player who has played on the top pairing for the last few years.  That alone will help give him a very strong market in free agency before even considering the fact he’s a right-shot player, the side that is always in premium demand.  A max-term deal with an AAV starting with a seven looks like a given at this point, if not more.

Bean came to his hometown team after being non-tendered by Columbus, taking a pay cut in the process to do so.  Once touted as a high-end prospect, he has settled in more as a depth defender to this point in his career.  This price tag for a regular on the third pairing is manageable but he’ll need to find a way to at least get into a number five slot if he wants to beat $2MM again next time out.  Miromanov was acquired and quickly extended last season, giving him some security and Calgary a low-cost two-year look at a player who had shown flashes of upside in his limited action with Vegas.  At this point, establishing himself as a full-timer is the first goal, one that would allow him to stay around this price tag.  If he works his way into a fourth or fifth role between now and then, doubling this (or a bit more) could be doable.

Wolf already looks like quite a bargain given some of the other contracts promising but unproven goalies have signed recently (with an AAV higher than Wolf’s total contract value).  He’s their goalie of the future and if he locks down the starting role by then, his next deal should vault past the $5MM mark at a minimum.

Signed Through 2026-27

F Blake Coleman ($4.9MM, UFA)

Coleman had a breakout performance last season, notching 30 goals while passing the 40-point mark for the first time of his career.  From a value perspective, this price tag would be a bargain if he could maintain that type of output.  Of course, his point total is usually in the 30s and at that level, this is an above-market contract.  That said, with the role he fills and Calgary’s cap space, it’s not an overpayment they’re probably too concerned about at this point.

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Signed Through 2027-28 Or Longer

F Jonathan Huberdeau ($10.5MM through 2030-31)
F Nazem Kadri ($7MM through 2028-29)
F Yegor Sharangovich ($3.1MM in 2024-25, $5.75MM from 2025-26 through 2029-30)
D MacKenzie Weegar ($6.25MM through 2030-31)

When the Flames picked up Huberdeau in the Matthew Tkachuk trade, it’s fair to say that a bit of regression was expected after he put up 115 points.  But it wouldn’t be fair to say that having his point total cut by more than half was the expectation.  After being a premier playmaker at times in Florida, he hasn’t found his footing in Calgary though he’s off to a better start this season.  At a minimum, he needs to get back to a top-line level of production.  From there, he needs to get to the upper echelon of scorers to provide a reasonable return on his deal.  In the meantime, his contract now stands as one of the worst in the NHL from a value perspective.

Kadri hasn’t been able to get back to the same level of production he had in his final year with Colorado which helped earn him this contract.  He did, however, record the second-highest point total of his career last season and is still logging top-line minutes.  In the short term, he should provide fair value on this deal but that’s unlikely to be the case for the final couple of years when he’s in his late-30s.  Sharangovich had a great first season with Calgary, blowing past his career highs offensively to help earn his extension.  He played an all-situations role in the top six last season and as long as he continues to do so and produces at a similar level to the 31 goals and 59 points he had a year ago, they should get a good return on his new deal and a great return on his current expiring pact.

Weegar was the other key piece in the Tkachuk-Huberdeau swap.  His first season saw him take a step back but last year, he had the best year of his career while notching 20 goals and 32 assists.  Given the demand for a right-shot defender, getting a top-pairing one locked up at this price tag is good value for Calgary and while he might have to play a lesser role by its conclusion, they should benefit from it being a below-market contract for most of the deal.

Buyouts

None

Retained Salary Transactions

F Jacob Markstrom ($1.875MM through 2025-26)

Best Value: (non-entry-level) Wolf
Worst Value: Huberdeau

Looking Ahead

With the Flames operating not too far above the cap floor for this season, cap space won’t be an issue for them for a while.  They have ample room to fill the center spot they’re looking to add or to take on money to help facilitate a trade.  If they wind up sellers, the $65MM floor could come into play which will be something to keep an eye on.

Calgary is presently near the beginning of a rebuilding cycle and there aren’t any big-ticket contracts on the immediate horizon with Kuzmenko being the most prominent one to deal with next summer while Andersson and Wolf will be in line for big raises in 2026.  Even with that, they’re in very good shape from a salary cap perspective and should be for the foreseeable future.

Photos courtesy of USA Today Sports Images.

Calgary Flames| Pro Hockey Rumors Originals| Salary Cap Deep Dive 2024

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Salary Cap Deep Dive: Anaheim Ducks

October 18, 2024 at 7:59 pm CDT | by Brian La Rose 1 Comment

Navigating the salary cap is one of the most important tasks for a front office.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t often see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation for the 2024-25 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of PuckPedia.  We’re currently covering the Pacific Division, first up is the Ducks.

Anaheim Ducks

Current Cap Hit: $68,314.167 (below the $88MM Upper Limit)

Entry-Level Contracts

F Leo Carlsson (two years, $950K)
G Lukas Dostal (one year, $812.5K)
F Cutter Gauthier (two years, $950K)
D Tristan Luneau (three years, $865K)
F Mason McTavish (one year, $894K)
D Pavel Mintyukov (two years, $918K)
D Olen Zellweger (two years, $844K)

Potential Bonuses:
Carlsson: $3.225MM
Gauthier: $950K
Luneau: $80K
McTavish: $2.5MM
Mintyukov: $800K
Total: $7.555MM (exceeds the 7.5% cap by $955K; that amount counts as a direct charge against the salary cap)

Anaheim took things slow with Carlsson last season, limiting him to just 55 games.  However, he played big minutes in those appearances and is seeing similar ice time early on this year.  That gives him a good chance to meet $1MM of his ‘A’ bonuses while the rest are unlikely.  We’ve seen the price tag for top young centers approach the $8MM mark post-entry-level and at this point, there’s little reason to think Carlsson shouldn’t be in that range as well.  Gauthier is in his first full NHL season after turning pro late last year.  Anaheim has high hopes for him as well although he’s obviously less proven at this point, making a second contract much harder to forecast.  His bonuses are also of the ‘A’ variety and could be achievable depending on the role he carves out for himself.

McTavish is the other young middleman that GM Pat Verbeek will be looking to sign in the relatively near future.  His first two full NHL seasons saw him just surpass the 40-point mark but being the third-overall selection, it’s fair to say that he’s still envisioned as being part of their long-term core.  His numbers at this point come in a bit below Matthew Beniers (who signed for seven years and $50MM on an extension that begins next season).  That would peg a long-term price tag at or just below $7MM (closer to $7.5MM on an eight-year agreement).  Alternatively, if they go with a bridge contract, that type of deal would be closer to $4MM on a two-year pact, $4.5MM or so on a three-year agreement.  He has $850K of ‘A’ bonuses in his deal and reasonably could max out on those with a strong showing this season.

On the back end, Mintyukov is someone they have high hopes for as another high draft pick.  He had a solid rookie campaign and is logging heavy minutes early on this year.  The market for some top blueliners coming off their entry-level deals who aren’t elite offensively has pushed past $8MM recently.  It’s not unfathomable that Mintyukov gets to that level over the next two seasons.  He has a good chance of reaching his ‘A’ bonuses based on his early-season usage.

Luneau missed almost all of last season which doesn’t help from a development perspective but he didn’t burn the first year of his deal either.  For this year, the priority will be simply getting regular game reps which makes projecting his next deal all but impossible at this point.  His bonuses are games-played based so staying healthy will allow him to reach at least most of those.  As for Zellweger, he was dominant at the AHL level last year and held his own in limited minutes.  A bridge agreement is likely for him and with what’s likely to be decent offensive numbers, it should push past at least $2MM.

Dostal has been thrown to the wolves at times but has put up more than respectable numbers over his first couple of NHL seasons.  Is he their starter of the future though?  That’s not a given so it wouldn’t be surprising to see him land a bridge deal.  Given the contracts handed out recently to Yaroslav Askarov ($2MM AAV) and Jesper Wallstedt ($2.2MM AAV), Dostal’s contract should come in at a higher rate than that.

Signed Through 2024-25, Non-Entry-Level

D Brian Dumoulin ($3.15MM, UFA)
F Robby Fabbri ($4MM, UFA)
F Brett Leason ($1.05MM, RFA)
F Isac Lundestrom ($1.5MM, RFA)
F Brock McGinn ($2.75MM, UFA)
D Urho Vaakanainen ($1.1MM, RFA)
G James Reimer ($1MM, UFA)
F Frank Vatrano ($3.65MM, UFA)

Fabbri was picked up from Detroit in a cap-clearing move over the summer which wasn’t necessarily the worst outcome for him as he’ll play a bigger role with the Ducks than he otherwise would have.  Even so, given his long injury history, his next deal should check in closer to the $2.75MM range even though he consistently averages over half a point per game when he’s in the lineup.  Vatrano found another gear offensively last season with 37 goals, positioning himself nicely for the type of long-term deal that has eluded him thus far in his career.  He’ll be in his age-31 year next season so a max-term pact is off the table but five or six years could be doable.  If he can produce at a similar rate this year, that contract should push well past the $6MM mark.

McGinn is a serviceable fourth liner whose contract pays him more than that.  That’s likely to be corrected next summer when his deal should come in around half of this amount.  Lundestrom might be at the end of his rope with Anaheim if things don’t go well this year.  He took a pay cut to avoid being non-tendered this summer and until he can establish himself as a consistent top-nine center, he’ll be hard-pressed to land a sizable increase.  Leason, meanwhile, was non-tendered this summer to avoid arbitration eligibility but returned with a $250K raise in salary.  Another double-digit goal performance this season would help his value and push it closer to the $1.5MM range but he remains a non-tender risk nonetheless.

Dumoulin was also brought in with Seattle needing to clear salary.  His first year away from Pittsburgh wasn’t the greatest although he’ll at least benefit from likely a slightly bigger role in Anaheim.  Even so, his market wasn’t strong last time out and probably isn’t going to be much better barring an improved performance this year.  He could still land something around this price tag but a big raise is unlikely.  Vaakanainen has been more of a depth defender at this point of his career and has already been scratched this season.  He was non-tendered last summer to avoid arbitration rights and probably is heading for a similar outcome this time around, even if he’s worth something around this price point on the open market.

Reimer was picked up off waivers as injury insurance, sparing him from the third-string role he was heading for in Buffalo (at least for the time being).  At 36, he’s going to be going year-to-year moving forward, likely in the lower-end backup or third-string role so this price point is where his next deal should land as well.

Signed Through 2025-26

D Cam Fowler ($6.5MM, UFA)
D Radko Gudas ($4MM, UFA)
F Ross Johnston ($1.1MM, UFA)
D Jackson LaCombe ($925K, RFA)
F Trevor Zegras ($5.75MM, RFA)

Zegras and the Ducks couldn’t work out a long-term deal, settling on this bridge agreement last year.  The first season didn’t go well, to put it lightly as he battled injuries and ineffectiveness.  At this point, it’s hard to project a significant increase for his next contract unless he’s able to get back to his previous 60-point form.  Johnston is a fourth-line enforcer and with a lot of teams not carrying those, that limits his long-term value.  Still, as long as there are at least some teams open to deploying one, another contract around this price should be doable.

Fowler’s value depends on the eye of the beholder.  He’s certainly not a true number one defenseman but he has held that role for Anaheim for several years now and has done relatively well with it.  Given the minutes he covers, his price tag is solid value relative to others in that situation.  But if he was deployed in a more optimal spot (either second or third on the depth chart which is where he’d land on a lot of other teams), the contract moves somewhere between market value and a slight overpayment.  Fowler will be 34 when his next deal starts and if he’s elsewhere in a lesser role at that time, it’s hard to see a raise coming his way.  Instead, another multi-year deal around this price tag (in a higher cap environment) might be where he lands.

The fact that Gudas landed four years at this price point after primarily playing on the third pairing raised some eyebrows but it has worked so far for Anaheim.  The new captain has moved into the top four and handled it relatively well.  Having said that, he’ll be 36 when this deal expires so again, a raise isn’t overly likely.  A two-year deal around this price point could be, however.  LaCombe signed what’s frankly a below-market bridge contract for someone who averaged over 19 minutes a game the year before.  However, he at least secured a one-way salary (which is notable given that he’s still waiver-exempt) while he’ll have arbitration rights next time out.  If he can shoulder a similar workload for the next two years, tripling this price tag could be doable.

Signed Through 2026-27

G John Gibson ($6.4MM, UFA)
F Alex Killorn ($6.25MM, UFA)
F Ryan Strome ($5MM, UFA)

Killorn was a surprise signing in free agency last summer, both in terms of Anaheim getting him and the contract he received.  The idea was to add a quality veteran who could play in the top six and work with the young forward group.  But things didn’t go quite as planned in year one and, already 35, it’s hard to forecast a sharp improvement.  And considering he’ll be entering his age-38 year in 2027-28, this might be his last contract.  Strome hasn’t been able to match the output he had with the Rangers but now has five straight seasons of more than 40 points under his belt.  Given the annual high demand for centers, he could land a similar contract if he was on the open market now so thus far, the Ducks are getting a fair return on his agreement.

It wasn’t that long ago that Gibson was viewed as one of the top goalies in the league with his contract looking like a bargain relative to other top-paid starters.  But that has flipped in recent years.  His save percentage in the past five seasons combined is just .900, a mark that’s below league average.  Having someone below average in that mark making top-ten money isn’t ideal.  It’s possible that a change of scenery could allow him to bounce back to a point but it’s unlikely he’d rebound to a level of play that would make this a team-friendly pact.

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Signed Through 2027-28 Or Longer

F Troy Terry ($7MM through 2029-30)

Terry is the lone long-term pact given out under Verbeek off the heels of a wildly successful bridge agreement.  His output slipped last season to 20 goals and 54 points which isn’t a great return on this price point but the hope is that as the young core improves, Terry’s output should get a boost as well.  If that happens, they’ll do well with this deal.

Buyouts

None

Retained Salary Transactions

None

Best Value: (non-entry-level) Vatrano
Worst Value: Gibson

Looking Ahead

For this season, the cap isn’t a concern for the Ducks.  Even if the prospects maxed out their bonuses – a near-impossible scenario – they’d still have ample flexibility and not face any overage rolling over into 2025-26.  If they have the budget room to work with, Anaheim could be a team to watch for closer to the trade deadline as it pertains to being a facilitator, taking on some money to pick up additional assets.

That flexibility will start to wane over the next few years, however, as their current crop of entry-level deals expire.  McTavish, Carlsson, and Mintyukov all have viable cases for a long-term contract and Gauthier could get there as well.  While the cap will go up over the next few seasons, pricey second contracts for those four players will probably bring them more toward the middle of the pack spending-wise.  With that in mind, that still leaves room for them to try to make a splash next summer as they tried to a few months ago with no success.

Photos courtesy of USA Today Sports Images.

Anaheim Ducks| Pro Hockey Rumors Originals| Salary Cap Deep Dive 2024

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How Do Recent Extensions Impact Igor Shesterkin’s Market?

October 17, 2024 at 8:20 pm CDT | by Brennan McClain 10 Comments

Since October 1st, Boston Bruins’ Jeremy Swayman, Dallas Stars’ Jake Oettinger, Ottawa Senators’ Linus Ullmark, and Seattle Kraken’s Joey Daccord have all signed sizeable multi-year contracts with their respective teams. The ’white whale’ of them all, Igor Shesterkin, is looking to become the highest-paid goaltender of all time and it will be interesting to see the impacts of the recent deals on his market.

Shesterkin recently rejected an eight-year, $88MM contract offer from the New York Rangers and is reportedly seeking a higher salary than teammate Artemi Panarin’s $11.643MM AAV. It’s clear that he’s seeking a $96MM deal but could go as low as $94MM just to ensure he becomes the highest-paid member of the organization.

The recent comparables to Shesterkin are that of Swayman, Oettinger, and Ullmark’s contracts although many would argue he is in a league of his own. Each netminder signed for an $8.25MM salary with the first two garnering max term. There is a very reasonable argument that Shesterkin is better than each netminder listed but is he that much better to justify a nearly 50% raise on some of the better goaltenders in the league?

An eight-year contract for Shesterkin would take him to his age-37 season while the contracts given to Swayman and Oettinger will take them to 33 and 34, respectively. Shesterkin debuted in the 2019-20 season while Oettinger and Swayman debuted a year later. He leads the trio in wins, save percentage, and hardware while Swayman holds the lead in goals-against average.

He’s failed to backstop the Rangers to a Stanley Cup Final to this point but he has made two Conference Final appearances while the combination of Swayman and Oettinger have only reached one. His case for being the best goaltender in the game is a solid one but it’s going to be difficult for the Rangers to give him a $12MM salary despite the accomplishments. New York’s contention window begins and ends with Shesterkin between the pipes but they’ll still need financial flexibility to put complimentary pieces around him.

Shesterkin’s main argument, especially concerning Oettinger, is the ever-growing issue of income tax-free states. Doing some low-stakes math, David Pagnotta of The Fourth Period asserted earlier that Oettinger’s take-home pay in Dallas, TX would be approximately $5.22MM after taxes while a $12MM salary for Shesterkin in New York City, NY would net him around $5.29MM. Factoring in the cost of living in New York compared to Dallas one could reasonably ascertain Shesterkin’s justification for his asking price.

At the end of the day, because Shesterkin is such a needle-mover between the pipes, one team will likely step up and give him $12MM a year on a max-term contract. There are few present concerns that the contract won’t be with the Rangers but the recent goaltender contracts may drive a further wedge between the two parties.

New York Rangers| Pro Hockey Rumors Originals Igor Shesterkin

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PHR Mailbag: Impact Youngsters, Record-Breaking Contract, Fowler, Goalies, Struggling Contender, Minors

October 13, 2024 at 6:19 pm CDT | by Brian La Rose Leave a Comment

Topics in this edition of the PHR Mailbag include a discussion about a Cam Fowler trade scenario, plenty of goalie talk, and much more.  If your question doesn’t appear here, check back in last weekend’s mailbag.

wreckage: Do you expect Michkov or Bedard to be more impactful going forward? Bedard may have more skill, slightly. Michkov likely has a deeper team behind him at the moment. For the next three years… who has more impact in the NHL?

I’ll go with Connor Bedard for this one.  Yes, Chicago has a weaker team on paper right now but Philadelphia is still rebuilding as well, despite them nearly making the playoffs last season.  Both teams are probably on the outside looking in for at least the first two of those three years.  The good news is that Matvei Michkov should get a lot of runway to play big minutes quickly like Bedard did last season but there’s only so much impact he can have on a non-playoff team.

Generally speaking, I’m going to lean toward a high-end center having more of an impact than a high-end winger on a year-to-year basis.  Bedard will be a year further ahead in his development, entering what should be a very pricey second contract at a time when Chicago should be starting to take some steps forward in the Central.  He’s going to be a big part of that.  Not to say Michkov shouldn’t be an impactful piece by any stretch but I expect most players won’t be quite as impactful as Bedard should be in a few years.

riverrat55: Who is the 1st player with the upcoming increase in the Salary Cap to ask for $20MM?

Before tackling this, we need to figure out our target cap percentage that will cost $20MM.  Teams, players and agents use this percentage as a direct comparable in negotiations.  (For anyone wondering, 20% is the maximum, a rate we haven’t seen reached in quite some time.  I remember some when the first cap came out but that’s about it.)  Auston Matthews’ contract is 15.06% of the cap while Leon Draisaitl’s recent one checks in at 15.91%.  Connor McDavid’s current one is 15.72% and I could see it eclipsing the 16% mark (which, on a $92MM-plus cap, puts the AAV in the $15MM range).  For the sake of this hypothetical, let’s put a target cap percentage at 16.5%.

Let’s do some quick math here.  $20MM divided by 16.5% = $121.212MM.  Why does this matter?  We need to project when the Upper Limit of the salary cap might get to this amount to see who will need a contract at this time.

This year, the cap is $88MM with a 5% capped increase next season and the year after that.  That would make the ceiling $92.4MM in 2025-26 and $97.02MM in 2026-27 before the CBA expires.  (The league did make this year’s cap a bit higher than the 5% increase so this isn’t a perfect scenario but close.)  It wouldn’t shock me to see a bit more of a jump after that, assuming revenues stay on their current trajectory.  Let’s say it’s a 10% boost post-CBA.  That makes the cap $106.72MM in 2027-28.  Let’s forecast 7% increases on average after that.  In 2028-29, it would be $114.19MM and in 2029-30, it’d be $122.19MM.  So, the 2029-30 season is the earliest we could see that price point.

Assuming that most core players will continue to sign max-term deals, that probably takes McDavid off the table.  Cale Makar is up in 2027 so he’s off the table.  Matthews’ deal expires in 2028 so he’s not going to get there either.  The rest of the established elite will either be signed through that time or on the backswing of their careers in 2030.

With that in mind, my guess would be Bedard if I’m picking a current player.  He’d have a shot at that in 2034 if he signs a max-term contract coming off his entry-level deal.  If he goes shorter-term, he could get there sooner.  We’re going to see a bigger jump in the cap coming sooner than later but even with that, it’s probably going to take a while to see someone reach $20MM unless there’s a material jump in the Upper Limit in the new CBA or some sort of other drastic change.

jminn: The Ducks want to trade Fowler. Kings could have a need, even though Cam is a lefty. Is there any chance Fowler moves up the freeway?

I’m going to be a little picky on the phrasing as it’s not necessarily that they’re looking to trade Fowler but rather that they’re willing to work with him on finding a new home.  If he winds up staying there for most or all of the season, I think that’s an outcome they’re okay with.

But semantics aside, I don’t think this is a good fit for Los Angeles and not because of the handedness.  Drew Doughty is expected to be back this season so while the Kings have around $10MM in cap room right now per PuckPedia, that money isn’t really spendable as they’ll need to get back to compliance before they can activate him.  That’s easy to do with a replacement from the minors but Fowler has a $6.5MM cap hit.  That means that barring further long-term injuries, the Kings would need to clear around $6.5MM off the books when the time comes to activate Doughty.  That’s going to be extremely difficult to do midseason.

Would Fowler help the Kings?  He certainly would.  But this isn’t the right move for them to make at this time.  Los Angeles needs to exhaust their internal options and see if Brandt Clarke and Jordan Spence can take on bigger workloads.  Then, if that doesn’t go well, they can re-assess but even then, it’d have to be for a much cheaper option than Fowler.

Frozenaquatic: There’s an interesting conversation happening right now about goalie salaries. Obviously, the argument for lower salaries is that aside from Hellebuyck, even top goalies play about 60 – 65 games (even though starting pitchers command high salaries despite only playing 30 out of 162 games). And how much does a goalie matter for a championship (or was Darcy Kuemper the Trent Dilfer of the NHL–just an anomaly in a rare system that usually favors Tom Bradys/Vasilevskys)?

Another argument is that they are only as good as the system–how much will Ullmark regress behind a much worse Sens system and would Swayman regress that same amount? They’re also mercurial–Shesterkin could sign an eight-year, $104MM contract and begin an eight-year slump.

The argument for higher salaries is that they may affect those games more than the other players. Great goalies sometimes open a championship window. They can represent a winning culture that other players want to play for.

Where do you fall on the goalie salary spectrum?

Second question is: Do you know if players take playing with goalies into consideration when they sign UFA contracts with new teams?

Third question: if you were in a legacy fantasy league, would you take Askarov, Cossa, or Wallstedt?

1) In general, I’d say goalies have felt the squeeze in recent years.  With a lot of teams shifting closer to a platoon, there has certainly been a concerted effort to try to spend less at that position.  It also should be noted that the number of true higher-end starters has gone down which is part of the reason teams are looking for goalies to be closer to splitting the duties.

What has been interesting to me lately is that teams with a legitimate number one have largely managed to get that player locked up on what looks like a team-friendly agreement.  Part of me wonders if the fact a lot of teams are looking to cut costs between the pipes actually has deflated the marketability for some of those players.  While supply is low, it’s getting offset by perceived lower demand.

That’s what made the Jeremy Swayman saga particularly interesting as here’s a player trying to reach that upper tier (some would say he’s there already while others might want to see him play more first) that seemingly held out for top dollar.  It seems like Igor Shesterkin is hoping to do the same as well although, again, if he got to the open market, how many teams would realistically go after him?  How many would have the cap space and of those, how many would pay up that much for a goalie?  I’m intrigued to see how that one’s going to play out.

2) I can’t say this for certain either way but it would surprise me if more than a handful of skaters would put too much weight on who the goalie is when signing in free agency.  I’d say that’s too position-specific.  Free agents probably assess rosters on a more macro level – does the player want to go to a contender?  Does he want to go to a team that is thinner at a specific position in the hopes of securing a bigger role (and ideally a bigger contract)?  A UFA goalie would pay attention to who the incumbent player is for obvious reasons but I doubt a lot of skaters put a high emphasis on who the goalies are specifically when they’re pondering teams.

3) Long-term, it’s hard to pick against Yaroslav Askarov.  There’s a reason why he was considered by some as the best goalie outside North America a couple of years ago.  He’s now on a team that could be positioning itself to contend in a few years.  If it’s a long-term play you’d be going for, he’s it.  If you need someone who might get you more points in the short term, it’s Jesper Wallstedt.  Like Askarov, he’ll see some NHL action this season but he’s on a team that I expect will be more competitive.  Next season, he should be a full-timer on a team that has some cap space to make some noise next summer.

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Nha Trang: What’s the team touted to be a top contender for the Cup that blows up completely this year?  I don’t mean a 55+ win team that bombs out of the first round, but one *expected* to be one that blows up in the regular season and just barely makes the playoffs at all, if that much.

It depends on the interpretation of top contender.  If we’re only talking about the obvious handful, I’m not sure I see any of them struggling to that extent.  (Technically, there was only one 55-win team last year.)  So, I’m going to expand the pool a bit and bring in the other 50-win teams from last season.

My pick of who is a presumed playoff contender that could wind up struggling a lot this year is Vancouver.  An awful lot went right last year.  They got several career seasons from their top players while leading the league in shooting percentage.  I think they’re bound for a bit of regression on that front.  Thatcher Demko seemingly not being 100% isn’t going to help either; if he has to manage the pain playing through his knee trouble, he probably can’t be counted on to play as much as he normally does.  There’s some give-back there as well.

Then there’s the division.  Vegas should bounce back after a down year by their standards and Los Angeles has what they think will be a goalie upgrade.  I know they’re without Doughty for a while but it wouldn’t shock me if they finished ahead of Vancouver.  Edmonton (who I imagine is a popular answer to this question for anyone pondering it themselves) should be ahead as well.  With that in mind, I have Vancouver as a Wild Card team at best, battling with Central teams to sneak in.  That would be a pretty big drop-off that I’m not sure a lot of people are necessarily predicting at this point.

If you want someone considered as more of a contender, it would be Colorado.  They’re dealing with a lot of injuries up front that might put them behind the proverbial eight-ball to start the year.  And if Alexandar Georgiev’s struggles between the pipes carry over (it has in his first two starts), they could be vulnerable.

Gmm8811: Any chance of seeing a deep dive article in the future on AHL and ECHL contracts? Do those leagues have 2-way contracts like the NHL? Do the minor leaguers have to pass through waivers like the big clubs? Is there a good site that deals with this kind of information? ECHL future expansion rumors?

Unfortunately, details on AHL and ECHL contracts are not publicly disclosed so there isn’t much we can cover or refer you to there.  There are two-way AHL-ECHL deals that pay different rates at each level similar to NHL-AHL agreements.  It feels like there has been an increase in those in recent years as teams use those for some of their recallable depth players to get around the strict ECHL weekly cap rules.  The weekly salary cap in that league this season is $15,130 per week for the first 30 days of the season and $14,600 per week after that with the weekly salary floor being $11,100.

As for waivers, that’s not a thing in the AHL like it is in the NHL but there is in the ECHL.  Players released by an ECHL team go on waivers and become eligible to be claimed.  Meanwhile, in the AHL, released players immediately become free agents.  If you’re on an AHL contract, you’re staying with that organization unless you’re traded, loaned, or released.  As for ECHL expansion, there isn’t a site that I’m aware of that tracks rumors about that.  That said, with 30 teams in that league, it stands to reason that they could try to get that to 32 in the near future and try to have an NHL and AHL affiliate for each one.

Photo courtesy of USA Today Sports Images.

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