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Why The 2022 Trade Deadline Could Be A Seller’s Market

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The 2022 NHL Trade Deadline is not exactly imminent. The delayed March 21 date this season is 11 weeks away and a lot can change in that amount of time. However, the end of the holiday trade freeze is the unofficial start to trade season leading up to the deadline. In the first few months of the season there have been ten trades completed, but outside of the Jack Eichel deal there have been very few moves of any substance. That may not change any time soon either.

An active trade deadline requires there to be identifiable buyers and sellers and they must be willing and able to deal. Buyers should not be an issue this season; the eight teams currently in a playoff spot in the Eastern Conference may be locked in, as nearly 100 percentage points separate the eighth and ninth team in the conference standings, while the Western Conference includes 13 teams with .500+ records. Therein begins the sellers problem though. Only three teams out west look like potential sellers right now, while there could be more teams willing to sell in the east but many are in a rebuild and don’t have much to offer, while others are merely lacking impact rentals. There are also a number of fringe teams that probably should be sellers, but are close enough to a playoff berth that would mean so much to their players and fan base that they may hold out.

The Athletic’s Eric Duhatschek notes another wrinkle that could limit sellers: five teams are currently operating with an interim GM. The Montreal Canadiens and Vancouver Canucks have hired new heads of their respective front offices in Jeff Gorton and Jim Rutherford, but neither has in turn hired his GM yet and seem unlikely to make major moves independently. This could take Gorton’s Canadiens, one of the most obvious sellers on paper, off the market. Rutherford’s Canucks hope to be in the playoff race, but he has already vowed that the team will either sell or stand pat this season and the longer it takes to hire a GM, the more likely it will be the latter. The Chicago Blackhawks, Anaheim Ducks, and San Jose Sharks are all operating with temporary GMs, all of whom have limited experience. Chicago and Anaheim fired their most recent GMs and have internal replacements for the time being, while San Jose GM Doug Wilson is currently away from the team for medical reasons. As Duhatschek points out, the likes of Kyle Davidson, Jeff Solomon, and Joe Will are not only new to the GM position, but lack the relationships around the league to make impact moves. So while the Blackhawks look like bona fide sellers and the Sharks and possibly the Ducks could get to that point, will they actually be willing to make trades?

The Seattle Kraken also fall into a category all their own. The NHL’s newest team was just put together in its entirety this off-season. Although they struggled mightily all season and do possess a number of expiring contracts, it remains to be seen if GM Ron Francis is ready to blow it up.

On top of all of this, the rental market among potential sellers is not strong. Of the top 20 impending UFA’s in per-game scoring this season, zero are on teams with sub-.500 records and just three are on teams not currently in a playoff spot. Expand that to the top 50, and only ten players are on sub-.500 teams: Phil Kessel, Travis Boyd, and Johan Larsson for Arizona, Vinnie Hinostroza for Buffalo, Chris Wideman for Montreal, P.K. Subban for New Jersey, Tyler Ennis for Ottawa, and Calle Jarnkrok, Colin Blackwell, and Mark Giordano for Seattle. Even if valuable defensemen like Ben Chiarot and Colin Miller or even a future Hall of Fame goaltender like Marc-Andre Fleury are considered, it’s not exactly an inspiring list for teams adding at the deadline. More importantly, it’s a short list for a potentially large group of buyers.

For those teams looking to make a meaningful trade this season, the conundrum is when to make a move. On one hand, with a small group of exciting targets it may be beneficial to make a trade early and possibly avoid the high prices of deadline bidding wars. On the other hand, the pool of sellers could also expand closer to the deadline and prices could drop if there is a flood of supply to meet the demand. Until that happens though – if it even does – there will be few moves to make early on and quite possibly right up to the deadline. Serious contenders should be prepared to pay up or sit tight this season.

Doug Wilson Taking Temporary Medical Leave

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The San Jose Sharks have announced that general manager Doug Wilson is taking a temporary medical leave from his day-to-day duties with the club. In the interim, assistant general manager Joe Will will be handling the daily operations.

Wilson, 64, was recently inducted into the Hockey Hall of Fame for his outstanding contributions to the game as both a player and executive. Kevin Kurz of The Athletic tweets that Wilson has been dealing with a persistent cough since September, but this absence is not believed to be COVID-related.

Across the hockey landscape, fans, media, and players are extending their support for the Sharks GM. The staff at PHR is no different, and hope to see him back to work soon.

Sharks Still Uncertain Of How To Handle Impending Evander Kane Return

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3:25 pm: The Athletic’s Kevin Kurz confirms that Kane was at the Sharks’ practice facility yesterday, but was not present at the same time as the rest of the team. It’s an interesting development, but Kurz still notes that the “next step for him remains unclear.”

10:36 am: Before the month of November is over, Evander Kane will be an active NHL player once more. The controversial star is set to return from a 21-game suspension in nine days, as the San Jose Sharks play game No. 22 on November 30. But will Kane actually be back with the team and in the lineup at that time?

The Sharks have had nearly two months to ponder this question, but seem no closer to making a decision on Kane’s future. Curtis Pashelka of The San Jose Mercury News caught up with Sharks head coach Bob Boughner recently and received the same non-answer that he and GM Doug Wilson have continued to provide throughout the saga: “I don’t have any information… There are decisions that need to be made.”

Kane has been the center of attention in San Jose for over a year now, and surprisingly little of it is due to the actual cause of his suspension. Dating back to last year, Kane has filed for bankruptcy, been sued by his creditors, used the threat of a potential contract termination by the Sharks as a tool in his bankruptcy proceedings, faced allegations of betting on hockey and a full NHL investigation, as well as other unsavory allegations from his estranged wife, and battled rumors that many of his teammates were unhappy having him in the locker room. Yet, it was his use of a fake Coronavirus vaccination card to circumvent the NHL COVID Protocol that finally led to discipline.

Amidst all of the drama of the last year, Kane was also the Sharks leading scorer and set a personal career high in per-game production. After getting off to a solid 7-4-1 start without Kane this season, San Jose has lost four of their past five games as their offense has dried up. There is no question that the team could use Kane’s scoring ability, not to mention his physicality. The fact of the matter is that they also still owe him a considerable amount of money to provide this on-ice value for three more seasons beyond this year as well. The question that Wilson and Boughner must answer then is whether the off-ice concerns outweigh the on-ice benefits and, if so, what to do about it.

If the team believes that they can re-introduce Kane to the team without creating issues amongst both their locker room and their fan base, then the power forward may actually be back in the lineup come November 30. However, if Kane has simply become too polarizing, the Sharks will have to get creative in order to move him. Any potential trade interest, however unlikely, will be nowhere near market value for the talented scorer, but San Jose could jump at the first offer. They could also place Kane on waivers and see if anyone bites. Should Kane go unclaimed, he could be reassigned to the AHL and dealt with in the off-season similar to how the New York Rangers handled Anthony DeAngelo last year. However, as the Sharks and Barracuda share a building, it may not have the same impact. The Sharks could even just pay Kane to stay home, again kicking the can down the road. San Jose is in the unenviable position of both re-tooling and being strapped for cap space, so Wilson and company will do all they can to avoid an expensive buyout, which would be the last, worst case scenario option.

Whatever the decision on Kane, it needs to be made soon. The Sharks are on the clock to make a call that – one way or another – will have a substantial impact on their season and quite possibly the future of the organization.

San Jose Sharks Re-Sign Rudolfs Balcers, Joachim Blichfeld

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The San Jose Sharks are taking care of some offseason work, re-signing restricted free agent Rudolfs Balcers to a two-year contract. Kevin Kurz of The Athletic reports that the deal will carry an average annual value of $1.55MM. Sharks GM Doug Wilson released a short statement on the deal:

We were excited to bring Rudolfs back to our organization last season and he became an important part of our lineup in what was his first full NHL season. He showed that he is a versatile forward who can provide offense for our club as a Top-9 forward. We are happy to have him.

Balcers, 24, was part of the 2018 trade that brought Erik Karlsson to the Sharks, but never found his groove with the Ottawa Senators. In 51 games there, he scored six goals and 17 points, failing to secure a spot even in a rebuilding roster. When he landed on waivers at the beginning of this year, the Sharks happily brought him back to the organization that drafted him in 2015.

In San Jose, he finally was given an opportunity to play significant minutes, and rewarded the team with 17 points in 41 games. By the end of the season, Balcers was playing more than some of the team’s more prominent forwards, mostly because of his responsible defensive nature. There is offensive potential still there to unlock, but Balcers could also be a valuable bottom-six piece because of his two-way ability.

A reliable bottom-six isn’t really something the Sharks have had in recent years, and something that will be key to any sort of plan that GM Doug Wilson has. The team has so much cap space tied up in aging players that they will need a breakout from someone like Balcers to really get them back into contention. He doesn’t need to score 100 points, but he must provide some excess value on the $1.55MM hit he now carries. That’s a risk, but a calculated one on a player that they’ve known for some time and obviously believe in.

The team has also re-signed Joachim Blichfeld to a one-year contract. Curtis Pashelka of the Mercury News tweets that the two-way contract is worth $750K at the NHL level. Wilson provided a statement on that deal as well:

Joachim was a top player in the American Hockey League last season, leading the Barracuda in goals and points. He has shown over his career that he is a goal-scorer at each level, and with the experience, he has gained in his short time at the NHL level, we feel that he is ready to compete for a spot in our lineup next season.

Blichfeld, unlike Balcers, still spent the majority of this season in the minor leagues. The 23-year-old forward suited up just five times for the Sharks, scoring a single goal but earning himself a suspension along the way. He’s another late-round pick, selected 210th overall in 2016, but has shown glimpses of a huge offensive ceiling. In 79 career AHL games, Blichfeld has scored 28 goals and 54 points. That shouldn’t come as much of a surprise given his success in the WHL, where he posted 114 points in 68 games during the 2018-19 season.

Like Balcers, he’ll be given an opportunity to play in the bottom-six next year, but it certainly isn’t a guarantee that he stays there all season. He could show that his offensive upside is good enough to warrant some powerplay time or even skate next to more skilled linemates further up, or could end up back in the minor leagues. Blichfeld is still waiver-exempt for another season, meaning he could face a turbulent season bouncing up and down between levels.

San Jose Still Looking For Veteran Goaltending

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The San Jose Sharks acquired young goaltender Adin Hill a few days ago, giving them a potential answer in net for the 2021-22 season. Hill has shown plenty of promise in his limited experience, including a .913 save percentage in 19 appearances this year. It’s hard to turn the keys over to a 25-year-old netminder with just 49 games under his belt though, so the Sharks are still looking for a veteran netminder for next season, according to Kevin Kurz of The Athletic.

What does that mean for Martin Jones, a veteran who is already under contract? It seems likely, as Kurz suggests, that Jones has played his last game for the Sharks. The 31-year-old goaltender is still signed for three more seasons and carries a $5.75MM cap hit, but has played so poorly that he is a prime candidate for a buyout. In 137 appearances since the start of the 2018-19 season, Jones has posted a .896 save percentage, still somehow going 68-53-11 in the process. The fact that he had a winning record last season even on the struggling Sharks team suggests that perhaps if they improve the goaltending situation there are better days ahead for this San Jose roster.

Still, a buyout would be expensive, costing the Sharks at least $1.67MM in cap space over each of the next six years. Add that to a veteran replacement and things might end up being pretty similar in terms of salary cap costs for the Sharks, meaning they’ll need to make sure whoever they bring in is a clear upgrade (though, at this point, that’s not difficult to accomplish). Hill of course is also not proven at the starting level, meaning someone that can take the reins in a pinch should be appealing to the Sharks.

There are plenty of veteran names on the market this year, including many that have been starters or tandem goaltenders in recent years. Frederik Andersen, Jaroslav Halak, James Reimer, Petr Mrazek, Jonathan Bernier, and others would all likely fit the role at various costs, but the Sharks could also pursue a trade if those free agent prices get out of hand. At any rate, it appears GM Doug Wilson’s work isn’t complete when it comes to goaltending.

San Jose Sharks Re-Sign Josef Korenar

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The San Jose Sharks have re-signed goaltender Josef Korenar to a one-year contract, keeping him in North America after making his NHL debut this season. Curtis Pashelka of the Mercury News reports that the two-way contract carries a $750K salary at the NHL level, an $85K salary at the AHL level and a minor league guarantee of $125K. Sharks GM Doug Wilson released a statement explaining the move:

Josef took a big step in his development last season, showing his athleticism and awareness in net while appearing in the NHL for the first time. He also delivered a strong performance in the AHL’s Pacific Division playoffs, leading AHL goaltenders in goals-against average and helped the Barracuda to the semifinals.

Korenar, 23, was an undrafted free agent signing in 2017 and has become an interesting NHL prospect for the Sharks. The Czech goaltender posted an .899 save percentage in ten NHL appearances this season, while also spending time in the AHL and overseas. While he may not be ready to take over the net full-time, he does have an interesting case to be the backup this season, especially if the team doesn’t add another goaltender through free agency. The Sharks still have Martin Jones on the books for now, but the 31-year-old is a prime buyout candidate after three terrible seasons.

Getting Korenar under contract at least keeps him in the organization instead of allowing him to return to Europe, meaning at worst he’ll be with the San Jose Barracuda in 2021-22. Still waiver-exempt, he can come up and down whenever necessary to help the goaltending group at the NHL level while continuing his development by getting starts whenever possible in the AHL.

In the expansion draft later this month, it seems likely that the Sharks protect Korenar over Jones if the latter isn’t bought out. If he is though, the team needed a goalie under contract for 2021-22 to leave exposed in order to meet the requirements–Korenar can now be that goalie.

Snapshots: Eichel, Devils, HHOF

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When reports surfaced about Jack Eichel’s potential availability this summer, the first team that came to many minds was the New York Rangers. The Rangers have enough young assets to land the Buffalo Sabres center and are now focused on making the playoffs after a short rebuild. Today, Larry Brooks of the New York Post writes that the Rangers have had preliminary talks with the Sabres about Eichel and that the asking price is currently “four pieces that would be equivalent of first-rounders.” The Sabres have also, according to Brooks, not yet granted any medical record access to interested teams.

Obviously, an asking price isn’t necessarily indicative of what will eventually land a player in trade talks, but that report from Brooks shows just how high the Sabres are setting their sights in this negotiation. The team is dealing with a distressed asset, as Eichel has expressed frustration with the team over a difference in medical opinions, but will still not simply give him away. The biggest question mark surrounding the $10MM center is the health of his neck, which still may require surgery this offseason. Eventually, teams will have to get their hands on his medical records and determine how much risk is involved in an acquisition beyond just his recent on-ice struggles.

  • The New Jersey Devils are in the market for a young defenseman and would consider trading the fourth-overall pick, according to Elliotte Friedman of Sportsnet. The Devils have selected in the top ten three times in the last few years, taking Nico Hischier (first overall, 2017), Jack Hughes (first, 2019), and Alexander Holtz (seventh, 2020) in the early part of the first round. Perhaps that makes this year’s pick a little more expendable, especially with the uncertainty surrounding the 2021 class. Any trade that happens in the next few weeks has expansion draft implications, but as we examined recently, the Devils have a real opportunity to add defensemen with no risk of losing them to the Seattle Kraken.
  • The Hockey Hall of Fame is preparing to move forward with its 2020-21 induction ceremony on November 15th, though the actual event will be moved to a new venue. Ken Holland, Jarome Iginla, Kim St-Pierre, Marian Hossa, Kevin Lowe, and Doug Wilson were announced as the class of 2020 last year, but because of COVID-related closures, were never actually inducted. The HHOF decided not to induct a new class for 2021 but will return to its normal voting procedure for next year.

Snapshots: Kane, Glass, Lee

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While the trade bait board released by Daily Faceoff’s Frank Seravalli earlier this week contained mostly the usual suspects, a surprise at No. 5 was San Jose Sharks top scorer Evander Kane. While a departure was a possibility this season – the Sharks did tell a U.S. bankruptcy court that Kane’s contract could be terminated – this is the first that trade rumors have popped up. It does not seem as though Kane’s ongoing financial issues and legal proceedings are the root cause either. Instead, Seravalli suggests that a number of Kane’s teammates are unhappy with him in the locker room and have voiced their frustration to San Jose management. This would not be the first time that Kane’s personality has pushed him out of town; he previously had issues in both prior career stops with the Thrashers/Jets and Sabres. Whether the Sharks follow suit and trade Kane is another matter. A top scorer and physical presence, Kane is one of the best players on the team. Even if GM Doug Wilson was inclined to trade Kane, his bankruptcy case and the new leaked details of another upset locker room would make it very difficult for him to get fair value back for what Kane actually contributes on the ice. It’s a difficult situation and one that was not expected to be an issue for the Sharks this summer. It is one thing for Kane’s legal status to force their hand and another to have to instead make the proactive choice to trade an elite player.

  • Another player who may unexpectedly be available this summer is young Vegas Golden Knights forward Cody Glass. As relayed by The Athletic’s Jesse Granger, Vegas head coach Peter DeBoer made some comments in his closing media availability on Saturday that were not-so-subtly directed at Glass. A young guy can’t say he never got an opportunity,” DeBoer said. “I think we stuck young guys in all year and tried to put them in situations where they had an opportunity to succeed… Some have seized the moment, some haven’t. Some just aren’t ready yet.” As the Knight’s most high-profile prospect, Glass is certainly one of if not the biggest target of these remarks. Vegas’ first ever draft pick at No. 6 overall back in 2017, Glass has been given ample opportunity so far in his career. He skated in 39 games with the Golden Knights as a first-year pro in 2019-20, recording 12 points, and was expected to take a step forward this year. Instead, he played in only 27 games and recorded 10 points, failing to make an impact at even strength. His lack of reliability kept him out of all but one of Vegas’ playoff games this spring. A prospect with Glass’ draft pedigree is expected to be doing more at this point in his career, especially as the team’s other 2017 first-rounder, Nick Suzuki, is currently first or second in goals, assists, points, and time on ice this postseason among Montreal Canadiens forwards – the team that just knocked out the Knights. With just one year left of waiver exemption, Glass must show this season that he can be an everyday NHL contributor. If DeBoer and the club have doubts, they may decide to trade him now before his stock slips any further.
  • Some good news in exit interviews came from the New York Islanders. Captain Anders Lee, whose season was ended by an ACL injury in March, sounded optimistic about his recovery. “I am on track,” Lee stated. “I was able to do a lot of really good things in the past 13-14 weeks since surgery. Looking forward to continuing on that path and getting ready for camp.” ACL injuries can be a difficult and timely recovery, so Lee’s early progress is encouraging. If he is indeed back to full strength in time for training camp, that is an ideal result for the Islanders. Before his injury, Lee was scoring at a pace that closely resembled his career highs in per-game goals and points and was well on his way to a career-best plus/minus, even in the shortened season. New York needs him at that level next year, as their lack of salary cap space will likely prevent them from making any meaningful improvements to the roster this summer.

San Jose Sharks Sign Jeffrey Viel, Jonatan Dahlen, Nicolas Meloche

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The San Jose Sharks have come to terms with three young players, signing Jeffrey Viel, Jonatan Dahlen, and Nicolas Meloche. Viel has inked a two-year, two-way contract, while Dahlen will be coming to North America on a one-year one-way contract. Meloche will be back on a one-year, two-way deal, the same structure he spent 2019-20 on. All three contracts will carry an average annual value of $750K, the league minimum.

In the Viel release, Sharks GM Doug Wilson explained why they re-signed the 24-year-old forward:

Jeff showed his compete level last season, playing a hard-nosed, physical game. He is a player who has great character and leadership qualities, being a former captain of his junior team, and we feel that he will push to make the jump to the NHL. We are happy to have him in our organization.

The undrafted winger managed to grind his way up through the minor leagues in San Jose, earning an NHL contract in 2019 after a full season with the San Jose Barracuda. The bang-and-crash forward ended up playing 11 games this year for the Sharks, though he failed to register a single point. He did however rack up 23 penalty minutes, one of his calling cards through junior and the AHL. On a two-year deal, he’ll bring a physical presence to the fourth line whenever needed.

Dahlen is the opposite, a high draft pick whose game is predicated on offensive skill. The 23-year-old was originally a draft pick of the Ottawa Senators, but found his way to San Jose through trade via the Vancouver Canucks. The last two seasons playing for Timra in the Swedish second league, Dahlen has racked up 148 points in 96 games, earning Forward of the Year honors both years. Wilson also released a statement on him:

Jonathan went back to Sweden this past year with goals of being the captain for his team and winning the championship in the Allsvenskan. He delivered on his promises by being the MVP and leading scorer in the league and matured in his path to success. He will take this experience he has earned and challenge for a spot in the NHL.

The fact that the Sharks GM specifically mentioned competing for an NHL spot is interesting because the lack of an opportunity at that level is what many believed kept Dahlen in Sweden. He did play one season in the AHL during the 2018-19 campaign, scoring 33 points in 57 games, but still has not made his NHL debut. Perhaps that will come now after his two dominant campaigns.

Meloche, 23, made his NHL debut and played in seven games for the Sharks this season, spending the rest of the year in the AHL where he has been for the past four years. A second-round pick of the Colorado Avalanche in 2015, he arrived in the Sharks system thanks to a 2019 trade for Antoine Bibeau. Wilson hinted at what comes next for the young defenseman:

Nicolas is a steady, reliable presence on the blueline. He continued his development last season with the Barracuda and the Sharks and improved over the course of the season. We feel that he is ready to compete for a spot in our lineup in the NHL.

Competing for a spot on the Sharks blueline certainly isn’t easy, given how much money they already have invested in it. Even at the bottom, Mario Ferraro and Nikolai Knyzhov were both full-time players on entry-level contracts, not leaving a lot of room for competition. That perhaps suggests that there could be some changes coming, but as it stands, Meloche will be hard-pressed to land a full-time roster spot in 2021-22.

Snapshots: Fleury, Veleno, Sharks

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Another player is expected to be held out of the lineup tonight, though it isn’t for a traditional seller. Pierre LeBrun of The Athletic tweets that the Carolina Hurricanes will hold Haydn Fleury out of the lineup tonight and notes that the young defenseman could “potentially” be traded by the deadline. Jake Gardiner is going back into the Carolina lineup in Fleury’s place.

The Hurricanes, who are 27-9-3 this season and first in the Central Division, are expected to be buyers at the deadline, but moving one of their defensemen could be a way to improve elsewhere. Fleury, 24, is signed through next season and carries a $1.3MM cap hit, but (somewhat amazingly) has recorded just a single point this season in a limited role.

  • Joe Veleno’s season in the SHL has come to an end, and Helene St. James of the Detroit Free Press reports that he has been recalled to North America. Veleno’s week-long quarantine will begin on Sunday, after which he would be eligible to play for the Red Wings or Grand Rapids Griffins. The 21-year-old Veleno hasn’t made his NHL debut yet after being selected 30th overall in 2018, but has two seasons of professional hockey under his belt now. This season with the Malmo Redhawks of the SHL, Veleno recorded 11 goals and 20 points in 46 games.
  • After the Tampa Bay Lightning used a third team to make David Savard fit into their cap structure, one might expect other complicated multi-team trades to go down in the next couple of days. The San Jose Sharks could be another team using cap space as a way to collect assets, as GM Doug Wilson told reporters including Curtis Pashelka of the Mercury News. Wilson believes that the Sharks will “be a good team come next September” but adds that he will try to acquire some extra draft picks by using that cap space.

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