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 who 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 2025-26 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 Metropolitan Division, first up are the Hurricanes.
Carolina Hurricanes
Current Cap Hit: $84,855,709 (above the $95.5MM Upper Limit)
Entry-Level Contracts
F Jackson Blake (one year, $905.8K)
D Alexander Nikishin (one year, $925K)
F Logan Stankoven (one year, $814.1K)
Potential Bonuses
Nikishin: $3MM
Stankoven: $32.5K
Total: $3.0325MM
Blake and Stankoven will be on very team-friendly contracts for one more season before their long-term agreements kick in. We’ll cover them in more detail at that time while noting that Stankoven’s bonus is tied to games played; as long as he stays healthy, that should easily be met.
Nikishin’s long-awaited NHL debut wound up taking longer than expected as he didn’t suit up for Carolina right away after joining the team, leading to some brief concern that a formal agreement wouldn’t be finalized. But he ultimately signed and projects to be a regular for the Hurricanes this season. Some of the $1MM of ‘A’ bonuses might be reachable but the $2MM of ‘B’ bonuses are highly unlikely.
Signed Through 2025-26, Non-Entry-Level
G Frederik Andersen ($2MM, UFA)
F Mark Jankowski ($800K, UFA)
F Tyson Jost ($775K, UFA)
D Mike Reilly ($1.1MM, UFA)
Potential Bonuses
Andersen: $750K
Jankowski was a late-season pickup from Nashville and fared well with eight goals down the stretch. However, he has largely been a depth piece in his career so while a small raise is coming his way no matter what thanks to the pending increase in minimum salary, his next deal might not land too much higher than that. Jost was up and down last season and had a very limited role when he was in the lineup for the Hurricanes. As things stand, he’s someone who’s likely to remain around the minimum salary.
Reilly missed most of the season while recovering from a procedure on his heart to correct an issue discovered while he was out with a concussion. He has been more of a sixth or seventh defender in recent years and projects to land in that same range with the Hurricanes. That should keep him around this range moving forward.
When healthy, Andersen has been a decent starter but staying healthy has been a big challenge. He has failed to reach 35 games in three straight years and four of the last five. That particular games played mark is notable as that’s the first threshold of his bonuses for $250K with another $250K coming at 40 games (plus $250K if Carolina makes it back to the East Final and he plays in half the games or more). There isn’t much risk with this contract as if the injury issues return, he’s still a lower-cost second option while if he’s healthy and meets those bonuses, he’s probably going to provide a lot of value at that price. Because of the injuries, it wouldn’t be surprising to see him going year-to-year from here on out with structures similar to this.
Signed Through 2026-27
D Jalen Chatfield ($3MM, UFA)
D Shayne Gostisbehere ($3.2MM, UFA)
G Pyotr Kochetkov ($2MM, UFA)
F Jordan Martinook ($3.05MM, UFA)
F Jordan Staal ($2.9MM, UFA)
Martinook was more of a depth player over his first few seasons with the Hurricanes but has become one of their more versatile forwards and is often deployed in the middle six. The end result has been three straight seasons over 30 points. But even with the cap set to jump, it’s hard to forecast a sizable raise on his next contract. A few more years with a small raise might be doable though. Staal, on the other hand, took a big pay cut on this deal to stick around. He’ll be heading for his age-39 year in 2027-28 so a one-year deal with incentives is likely if he decides to keep playing with the combined value coming in around his current price tag.
Gostisbehere was brought back last summer for a second stint with the team to be a depth player at even strength but a power play specialist. He was exactly that, notching 27 of his 45 points with the man advantage. The even strength limitations and his smaller stature limit his earnings upside but this is a niche role he can fill for a few more years. If he has a couple more years of 40-plus points, an AAV starting with a four next time is doable on a short-term deal. Chatfield had largely been a third-pairing player until last season when he was trusted with a bigger role. He isn’t a big point producer but if he gets through these next two seasons around the 18-19-minute mark at the level he played last season, he could push past $4MM as well in 2027 on a longer-term agreement than the three-year pact he inked last summer.
Kochetkov’s contract was a curious one. Signed back in late 2022 with hardly any NHL time under his belt, it has aged pretty well so far as he has carried the bulk of the work for the first two seasons of the agreement. While his overall consistency is a bit spotty compared to some netminders, the good outweighs the bad and if you have a strong-side platoon goalie at this price, you’re doing well. If Kochetkov continues on this trajectory, his next deal could land around the $5MM mark.
Signed Through 2027-28
F Taylor Hall ($3.167MM, UFA)
Hall was the other part of the original Mikko Rantanen deal but unlike Rantanen, he decided he wanted to stick around. The former Hart Trophy winner certainly isn’t that caliber of player anymore although he’s still a decent secondary scorer. Even if he’s on the third line, if he stays around the 42 points he had last season, Carolina should do fine with this deal. He’ll be almost 38 heading into 2028-29, however, so one-year contracts are likely beyond this one.
Signed Through 2028-29
F Eric Robinson ($1.7MM, UFA)
F Andrei Svechnikov ($7.75MM, UFA)
D Sean Walker ($3.6MM, UFA)
Svechnikov bypassed the bridge contract to sign a max-term agreement four years ago with the hope that he’d be providing surplus value in the back half. He’s not quite there yet especially coming off a down year but his performance the previous two seasons suggests he can get to that level still. At a minimum, he’s a second liner with good size and physicality and with the forecasted jumps coming to the cap, he could beat this deal four years from now, even if he stays at his 2024-25 form. Robinson had a career year last season, fitting in extremely well in Carolina’s system for the first time, earning a four-year agreement in the process. For someone who has reached double digits in goals in three of the last four years, there’s a good chance this deal works out well in the long run.
Walker’s career year in 2023-24 landed him a five-year deal last summer and it looked like he had established himself as a second-pairing blueliner. His usage last season was a step back, however, ranking last out of their six regular defenders. This price tag is on the high side for a sixth option but right now, it’s a luxury they can easily afford.
