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Salary Cap Deep Dive 2025

Salary Cap Deep Dive: New York Islanders

at CDT | by 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 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, next up are the Islanders.

New York Islanders

Current Cap Hit: $89,368,333 (below the $95.5MM Upper Limit)

Entry-Level Contracts

D Isaiah George (two years, $838.3K)
D Matthew Schaefer (three years, $975K)
F Maxim Shabanov (one year, $975K)

Potential Bonuses
George: $80K
Schaefer: $3.5MM
Shabanov: $3.5MM
Total: $7.08MM

The Islanders were the successful team out of a field of money to sign Shabanov out of Russia.  One of the top scorers in the KHL last season, it’s fair to say they’ll be counting on him to be at least a secondary producer this year.  In doing so, he could have a shot at hitting some of his ‘A’ bonuses of which he has four at $250K apiece.  Notably, Shabanov will be arbitration-eligible next summer which will put some extra emphasis on the upcoming season.

Schaefer was the number one pick in the draft back in June despite missing most of the season due to injury.  By signing his entry-level deal, the NCAA route is off the table so it’s the NHL or junior hockey for him.  If he stays the full year and becomes a top-four piece, some of his four ‘A’ bonuses will be achievable as well.  It’s not normal to put an ‘if’ in front of a number one pick playing in the NHL right away but with Schaefer, it’s far from a given.  George didn’t look out of place in 33 games with the Isles last season.  His situation may be tied to Schaefer making the team or not but it stands to reason he’ll at least see some NHL action again, allowing him to reach some of his ‘B’ bonus for games played.  George is trending toward a low-seven-figure bridge deal two years from now.

Signed Through 2025-26, Non-Entry-Level

D Adam Boqvist ($850K, RFA)
D Tony DeAngelo ($1.75MM, UFA)
F Marc Gatcomb ($900K, RFA)
F Anders Lee ($7MM, UFA)
F Jean-Gabriel Pageau ($5MM, UFA)
G David Rittich ($1MM, UFA)

After a tough 2023-24 campaign, Lee bounced back last season with his highest point total since 2017-18.  He finished second on the team in points which is more like what they expect from their captain.  However, Lee will be entering his age-36 year on his next deal and teams have gotten stingier with contracts given to players that age in recent years.  Even a three-year agreement might be deemed too risky unless it was for a big cut price-wise.  A two-year pact could be doable at a small dip in pay or, alternatively, teams could push for one year plus achievable games-played bonuses to allow for more in-season flexibility.  Both are viable options for him next summer.

A year ago, it looked like the Islanders might have to attach a sweetener to clear Pageau’s contract but instead, they spurned trade interest in him this summer.  He’s someone who is steadily around the 35-40-point mark and with his defensive ability and faceoff prowess, he should have good interest next summer.  Besting this price tag might be tough for Pageau but another multi-year pact with an AAV starting with a four might be doable.  Gatcomb was a serviceable fourth liner in the second half of last season, a good showing after getting his first NHL deal at 25 last summer.  He’ll need to show that can hold that role down over a full season and if he does, that could jump him into the $1.5MM range next year.

DeAngelo was a midseason signing after being lured away from his KHL contract and it was a good move as he was his usual productive self while also logging over 23 minutes a game.  His defensive concerns will continue to limit his earnings upside but a good full-season showing could give him a shot at a multi-year deal in the $3MM range next summer.  Boqvist saw limited minutes after being a midseason waiver claim and signed with a small raise instead of what was likely to be a non-tender to avoid arbitration eligibility.  He’ll still be arbitration-eligible summer which will probably work against him again barring a breakout season.  As someone who profiles as a sixth defender at best, he’s likely going to stay close to the minimum salary unless his role drastically changes.

Rittich was brought in as goaltending insurance via free agency.  He wound up making 31 starts for the Kings last season although his .886 SV% was well below average.  Still, he has been a serviceable backup in the past if need be and if he isn’t needed to hedge against injuries, his contract can come off the books entirely if he’s in the minors (if he’s not claimed off waivers).

Signed Through 2026-27

F Casey Cizikas ($2.5MM, UFA)
F Jonathan Drouin ($4MM, UFA)
F Emil Heineman ($1.1MM, RFA)
F Simon Holmstrom ($3.625MM, RFA)
F Kyle MacLean ($775K, RFA)
F Kyle Palmieri ($4.75MM, UFA)
F Maxim Tsyplakov ($2.25MM, UFA)
G Semyon Varlamov ($2.75MM, UFA)

Palmieri was in trade speculation right up to the deadline with the belief that the lack of a trade meant a handshake agreement was in place with then-GM Lou Lamoriello.  It appears new GM Mathieu Darche largely upheld that agreement with this contract.  Palmieri quietly posted 24 goals and 24 assists last season and near-50-point production for under $5MM in this market isn’t bad value.  He’ll be 36 when he needs a new contract and, like Lee, his options may be more limited at that time.  When healthy, Drouin was quite productive with Colorado, notching 37 points in 43 games but injuries have now been an issue for him in five of the last six seasons.  While he was able to get more than one year this time around, it’s still a below-market contract for what a top-six forward should be receiving.  He’ll need to stay healthy and keep producing if he wants a shot at a long-term deal two years from now.

Holmstrom has only been a full-time NHL player for the last two seasons but has quickly worked his way from being a role player to a secondary core piece at both ends of the ice.  The lower-cost bridge deal bought Darche some extra short-term flexibility but it sets up Holmstrom well two years from now when he’ll have a $3.75MM qualifying offer and arbitration rights.  Assuming he’s able to at least stay at this level, a jump to something starting with a five might be the next step.  Cizikas getting six years four summers ago was a bit of a shocker although it has held up relatively well so far.  He’s still a contributing fourth liner who can move up in a pinch and help a bit on the penalty kill.  In a market where some fourth liners are starting to get higher salaries, this isn’t as much of an overpayment as it might have first seemed.

Tsyplakov was believed to also be nearing a new deal before the GM change but this one wasn’t upheld with the sides working out this agreement a little before an arbitration hearing.  He had a solid first season in North America after coming over from the KHL and even if he stays in a third-line role, this deal should hold up well.  With a couple more years under his belt come 2027, his market could be an interesting one.  Heineman came over as part of the Noah Dobson trade after a decent rookie season that saw him score double-digit goals while primarily playing on the fourth line.  Assuming he even stays at that pace, he could land closer to $1.75MM in two years while some offensive improvement could allow him to easily clear $2MM.  MacLean was a regular fourth liner although he wasn’t used a lot, nor did he produce much.  If he stays in this role, he’s likely to stay close to the minimum moving forward.

When Varlamov received a four-year deal two years ago at 35, it was supposed to be the last two seasons that would be the concerning ones.  However, he was limited to just 10 appearances last season and is only set to start skating soon, necessitating the Rittich signing as insurance.  At his best, Varlamov can be an above-average backup but with the injuries, that’s a big question mark moving forward.

Signed Through 2027-28

F Anthony Duclair ($3.5MM, UFA)

Duclair was last summer’s impact acquisition but he wasn’t very impactful offensively, notching just 11 points in 44 games while dealing with some injuries along with a leave of absence following some public criticism from head coach Patrick Roy.  With limited cap space, they’ll need him to pull his weight moving forward or his deal might be one they’re looking to get out of in a hurry.

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Salary Cap Deep Dive: New Jersey Devils

at CDT | by 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 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, next up are the Devils.

New Jersey Devils

Current Cap Hit: $89,368,333 (below the $95.5MM Upper Limit)

Entry-Level Contracts

D Seamus Casey (two years, $950K)
F Arseni Gritsyuk (one year, $925K)
D Simon Nemec (one year, $918.3K)

Potential Bonuses
Casey: $350K
Gritsyuk: $500K
Nemec: $3.25MM
Total: $1.1MM

Gritsyuk has come over after some productive seasons in the KHL to ideally deepen their attack offensively.  His contract has a November 15th European Assignment Clause so even if he starts in the minors with Utica, he can’t stay there for long.  If he can stick with New Jersey full time, he could have a chance of getting at least one of his ‘A’ bonuses.

Casey was quite productive in a limited stint with the Devils last season where he had eight points in 14 games while producing at a similar per-game rate with Utica.  He could be viewed as a regular this season or could be the first recall with the latter making his bonuses unlikely and likely moving him toward a bridge deal in 2027.  Nemec saw very limited time with New Jersey, instead spending a big chunk of the season with the Comets, an outcome he wasn’t too pleased with.  He’s likely to fill a depth role if he’s up with the big club which makes his $1MM in ‘A’ bonuses unlikely.  A short-term second contract makes sense for both sides; if Nemec can lock down a regular role this season, it could land around the $2MM mark.

Signed Through 2025-26, Non-Entry-Level

F Paul Cotter ($775K, RFA)
F Evgenii Dadonov ($1MM, UFA)
G Nico Daws ($812.5K, RFA)
F Juho Lammikko ($800K, UFA)
G Jacob Markstrom ($4.125MM, UFA)*

*-Calgary is retaining an additional $1.875MM of Markstrom’s contract

Potential Bonuses
Dadonov: $2.25MM

Dadonov provided Dallas with some solid secondary scoring last season, notching 20 goals and 20 assists despite playing less than 14 minutes a night.  However, given his age (36), his offers were bonus-laden.  He can hit $1.25MM of those by simply reaching 50 games (250K for each ten) with some additional incentives unlockable by team playoff success.  Given that Dadonov acknowledged his offers were similar to this one, it’s safe to say that this type of structure will likely be what he receives moving forward as well.

Lammikko spent the last three years in Switzerland but was brought back to North America with a one-way deal.  He’s likely to battle for a spot on the fourth line and when you factor in his performance in his first stint in the NHL, there could be a bit of room to grow the contract but he’s likely to stay around the $1MM mark next time out.  Cotter potted 16 goals last season despite being in the bottom six while being one of the more physical players in the league.  That type of output will look good in an arbitration hearing and while they’re not direct comparables, it wouldn’t be shocking if his camp was eyeing the $3MM per season that Columbus gave to Mathieu Olivier a few months ago.

Markstrom had a solid first season in New Jersey, helping to stabilize a position that had its challenges before then.  However, he’ll be 36 when his next deal kicks in.  A three-year deal might be doable but it’d be surprising to see him land around the $8MM mark that some other proven starters have received.  A small raise on his full cap hit could be doable though.  Daws projects to be the third goalie but it would be surprising to see him get through waivers unclaimed so if the Devils don’t want to risk it, they’ll have to keep him up with the big club.  If that happens and his playing time is limited, he might not be able to command much more than his $892.5K qualifying offer.

Signed Through 2026-27

D Brenden Dillon ($4MM, UFA)
F Cody Glass ($2.5MM, UFA)
F Nico Hischier ($7.25MM, UFA)
F/D Kurtis MacDermid ($1.15MM, UFA)
F Dawson Mercer ($4MM, RFA)
F Stefan Noesen ($2.75MM, UFA)
F Ondrej Palat ($6MM, UFA)

Hischier’s contract looked a little risky when it was first signed as he was coming off a 47-point sophomore season.  While expectations were still high for the first-overall pick, this deal wouldn’t have aged well if the offense didn’t come around.  But it did do just that as he has become one of the top defensive centers in the NHL while reaching the 60-point mark in four straight seasons.  Since Hischier started in the NHL at 18, he’ll only be 28 when his next contract begins, meaning he’s a strong candidate for another max-term pact, seven years with New Jersey or six elsewhere.  A sizable raise should be coming his way as he could push past the $9MM mark on his next contract.

Palat’s contract simply hasn’t worked out as planned.  Signed to be a secondary scorer, he instead has seen his per-game output drop to the lowest rates of his career with a corresponding drop in ice time to under 14 minutes per game.  Assuming that trend continues, he’s someone they might be looking to incentivize a team to take while a buyout could be on the table next summer as well.  Palat still has some value but his market rate is less than half of what he’s making.  It wasn’t that long ago that Mercer looked like a can’t-move core piece but his output has tailed off the last two seasons as well.  After putting up 56 points in his sophomore year, he has only put up 33 and 36 since then.  He’ll be owed a $4.25MM qualifying offer two years from now with arbitration rights but as things stand, he’d be hard-pressed to land any sort of notable raise.

Noesen parlayed a pair of quietly efficient seasons in Carolina into this deal, one that more than doubled his career earnings.  The early return looks positive as he’s coming off a career year and played higher up the lineup than he did with the Hurricanes.  If this continues, he could push more toward the $4MM range next time.  New Jersey originally didn’t plan to re-sign Glass but assessed what the center market was going to look like and ultimately brought him back.  He has shown flashes of top-six upside but has largely been a bottom-six option in his career, meaning that this is the price range he’ll continue to be in unless he can break through offensively.  MacDermid has sparsely played in recent years and when he has suited up, playing time has been minimal.  While they’d like to keep an enforcer around, he’s also a candidate to be waived if they need more money to re-sign a certain restricted free agent that we’ll get to shortly.  Given his limited usage, he might be closer to the minimum salary on his next contract.

Dillon was his usual self in his first season with New Jersey.  He was last in ATOI among full-time blueliners but still logged right around his career average in playing time.  He killed penalties, blocked shots, and played with physicality and as we’ve seen in recent years, that profile is starting to cost more.  However, Dillon will be turning 37 early in his next contract so he could be in a spot like Dadonov where he’ll have to go year-to-year moving forward.

Signed Through 2027-28

D Dougie Hamilton ($9MM, UFA)
D Jonas Siegenthaler ($3.4MM, UFA)

In his prime, Hamilton was a premier offensive defender.  He’s not in his prime now but is still an above-average one, albeit one who has dealt with some injury issues the last couple of years.  No longer a top-pairing player, his contract skews toward the above-market side and will likely remain there for the next three years.  By the time he hits the open market again at 35, his price tag might be closer to half of this amount.  Siegenthaler has been a reliable stay-at-home player in New Jersey but, like Hamilton, has had some injury issues.  He’ll need to stay healthier moving forward if he wants to push past the $4MM mark on his next contract.

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Salary Cap Deep Dive: Columbus Blue Jackets

at CDT | by 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 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, next up are the Blue Jackets.

Columbus Blue Jackets

Current Cap Hit: $79,157,499 (below the $95.5MM Upper Limit)

Entry-Level Contracts

F Adam Fantilli (one year, $950K)
D Denton Mateychuk (two years, $886.7K)

Potential Bonuses
Fantilli: $3.2MM
Mateychuk: $750K
Total: $3.95MM

Fantilli was drafted with the hope that he could become a legitimate number one center.  He appears to be on his way to getting there after being moved back down the middle full-time last season while building off his rookie season nicely.  The $1MM in ‘A’ bonuses could very well be hit if he progresses as expected in 2025-26, putting him in a good spot to bypass a bridge contract if that’s a route GM Don Waddell wants to go.  A long-term agreement could run past the $9MM per season mark.

Mateychuk was a midseason recall and quickly earned the confidence of head coach Dean Evason.  He was a very productive blueliner in AHL Cleveland before the promotion but hasn’t had a big chance to showcase that part of his game yet.  If he gets that chance this year, he could have a chance to earn some of his three ‘A’ bonuses but if he remains in more of a fourth or fifth role, that will be tricky.  As things stand, Mateychuk appears likelier to land a bridge agreement on his next contract but if he locks down a more prominent spot on the depth chart by 2027, that could change.

Signed Through 2025-26, Non-Entry-Level

F Zach Aston-Reese ($775K, UFA)
F Yegor Chinakhov ($2.1MM, RFA)
F Charlie Coyle ($5.25MM, UFA)
G Jet Greaves ($8.125K, RFA)
D Erik Gudbranson ($MM, UFA)
F Boone Jenner ($3.75MM, UFA)
F Cole Sillinger ($2.25MM, RFA)

Coyle was acquired from Colorado this offseason to give the Blue Jackets some extra depth down the middle.  He’s coming off a quiet year that saw him record just 35 points but he’s only a year removed from a 60-point campaign.  Assuming he’s able to get back to at least the 40-point range, Coyle should be able to hit the UFA market next summer with a shot at matching his current price tag on a three or four-year agreement.  Jenner has been a very effective two-way center when healthy.  However, he has missed significant time in five straight seasons which will affect his next contract.  When he’s healthy and in form, he’s a big center who is above average on faceoffs and scores more than 20 goals a season.  That player would normally get $6MM or more on the open market.  But with the injuries, his market value might dip closer to $5MM or so.

Sillinger just turned 22 and already has four NHL seasons under his belt and has taken some gradual strides offensively but isn’t quite proven as a second-line middleman just yet.  Notably, he’ll only be two years away from UFA eligibility next summer while also having arbitration rights.  If the sides can’t agree on a long-term pact, a one-year second bridge contract could run the team around $3.5MM while a medium-term agreement might land closer to $5MM per season.  On the other hand, if he takes a jump forward and Waddell is ready to lock him up long-term, the price tag could push past the $6MM mark.  It’s not often someone this age is in this contractual spot since few 18-year-olds play in the NHL right away and with his development so far, there’s a wide range of outcomes.

Chinakhov has been in the media a lot lately with his trade request being made public in recent weeks.  He’s only one year removed from putting up 16 goals in 53 games but injuries and a long stretch as a healthy scratch limited him to just seven in 30 outings last season.  If he gets back to his 2023-24 form, he’d be in line for a short-term deal that pushes past $3MM per season but if he’s used as he was down the stretch, he could conceivably enter non-tender territory next summer as well.  Aston-Reese was an training camp waiver claim from Vegas last fall and earned this one-year extension soon after.  As a fourth liner who typically plays limited minutes, he’s likely to stay at or near the minimum salary moving forward.

Gudbranson’s contract came as somewhat of a surprise three years ago given that he was more of a fourth or fifth defenseman at the time.  It actually has held up a bit better than expected although last season was largely a write-off due to injuries.  In a perfect world, he should be more of a third-pairing player by the time his next contract begins so at least a small dip should be expected.  That said, right-shot defenders often get paid more than expected so perhaps he surprises again.

Greaves needs to get into at least seven NHL games this season with at least 30 minutes played per game to actually remain a restricted free agent.  If not, he’d become a Group VI UFA.  Considering that he projects to be part of the goaltending tandem next season, it’s safe to say that he’ll easily get there, barring injury.  He was a big part of their late-season push but still has just 21 NHL games under his belt right now.  A solid showing this season could move him closer to the $2MM mark while if he takes over as the starter moving forward, it wouldn’t be shocking to see him more than double that on a deal that buys out a couple of UFA seasons.

Signed Through 2026-27

D Jake Christiansen ($975K, UFA)
F Kent Johnson ($1.8MM, RFA)
F Isac Lundestrom ($1.3MM, UFA)
F Kirill Marchenko ($3.85MM, RFA)
G Elvis Merzlikins ($5.2MM, UFA)
F Dmitri Voronkov ($4.175MM, RFA)

Voronkov received his bridge deal just last month on the heels of a solid second NHL season that saw him record 24 goals and 23 assists.  The short-term contract made sense for both sides to better assess if he can become even more impactful offensively before locking in a long-term agreement.  Assuming he stays on this trajectory, it wouldn’t be surprising to see his next contract surpass the $6MM threshold.  Marchenko appears to be well on his way to an even bigger raise on his next deal.  He very quietly put up 31 goals and 74 points last season, legitimate top-line numbers for a middle-six price tag.  He has surpassed the 20-goal plateau in each of his three NHL seasons and at the rate salaries are set to increase, he could plausibly double his current price tag two on his next contract.

Johnson received a bridge deal last summer on the heels of a tough season.  That contract already looks like a big bargain as he locked down a full-time spot in the top six and had more points than his previous two seasons combined.  At this rate, he could get into the $6MM or $7MM range as well with arbitration rights when his deal is up.  Lundestrom comes over from Anaheim after the Ducks elected to non-tender him.  He has been more of a depth player in recent years, unable to live up to his first-round billing.  The fact he can kill penalties gives him some utility but he’ll need to be a lot more impactful if he wants to get past the $2MM threshold on his next deal.

Christiansen was a full-timer on the NHL roster for just the first time last season which didn’t give him much leverage in contract talks.  He also averaged just 12:32 per game in 2024-25 which was one of the lower marks for a regular.  If he can work his way up to 15 or 16 minutes a night, he could push closer to $1.5MM on his next deal.  It also wouldn’t be overly shocking if he was on waivers at some point on this deal if he’s pushed out of a roster spot.

While Merzlikins showed promise early in his career, he simply hasn’t been able to play at the level of an NHL starting goalie with much consistency.  Frankly, his performance has been that of a backup at best more often than not.  At this point, landing a deal paying half of what he’s getting now could be a challenge barring him turning things around over the next couple of seasons.

Signed Through 2027-28

D Zach Werenski ($9.583MM, UFA)

Werenski’s contract raised some eyebrows at the time it was signed but after they lost Seth Jones to Chicago, they weren’t in a spot where they could risk losing their top defender.  After injuries wrecked the first year of the agreement, he has played at a true number one level, an all-situations player who logs heavy minutes and puts up plenty of offense.  He led the Blue Jackets in scoring last season, averaging just over a point per game while finishing second in Norris Trophy voting.  Given the inflationary trend of the market (particularly on the back end), Werenski appears to be on his way to landing another raise three years from now on another long-term agreement.

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Salary Cap Deep Dive: Carolina Hurricanes

at CDT | by 5 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 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 (below 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.

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