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Free Agent Focus: Tampa Bay Lightning

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Free agency is now just a month away and teams are looking ahead to when it opens.  There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well.  We continue our look around the NHL with an overview of the free agent situation for the Lightning.

Key Unrestricted Free Agents

F Steven Stamkos – An unrestricted free agent for the second time in his career, the Lightning should be able to find a way to keep their captain this offseason. Earlier in the year, Stamkos was publicly upset with Tampa Bay’s management due to not having an extension before the start of the 2023-24 NHL season, but those tempers should have cooled. At 34 years old, Stamkos should still command a multi-year contract from the Lightning (or any team), which should lower his yearly AAV for the cap-strapped organization. Stamkos is a veteran of 1082 regular season games with two Stanley Cup rings under his belt and is coming off the seventh 40-goal season of his career. If he were to entertain the idea of leaving Tampa Bay this summer, plenty of teams would come calling.

F Anthony Duclair – After coming to the organization at the trade deadline from the San Jose Sharks, Duclair quickly became one of the better trade pickups this season. His trade value increased slightly in his last 10 games in the Bay Area, scoring seven goals and 10 points leading up to the trade with the Lightning. After being acquired by the organization, Duclair became a solid offensive contributor, scoring eight goals and 15 points in only 17 games in Tampa Bay. Although he carries plenty of value as a complimentary offensive piece, Duclair may be unable to extend his stay with the Lightning unless he takes a slight pay cut on his recent $3MM salary.

D Matt Dumba – Much like Duclair, Dumba was also acquired at the trade deadline, this time from the Arizona Coyotes. Unfortunately, with another change of scenery failing to bring out anything in his game, it appears the Lightning and Dumba will not continue their relationship. After being acquired from the Coyotes, Dumba suited up in 18 games for Tampa Bay, only tallying two assists while averaging 18:39 of ice time per night. On the open market, Dumba should be able to fetch a guaranteed contract from a team desperate for defensive depth, but it will not be anywhere close to his $3.9MM AAV after a tough 2023-24 season.

Other UFAs: F Tyler Motte, F Austin Watson, D Calvin de Haan, D Haydn Fleury, G Jonas Johansson

Projected Cap Space

This is where things have been tricky in Tampa Bay for the last several years. The team was already a little tight on cap flexibility heading into the offseason and then acquired defenseman Ryan McDonagh and his $6.75MM AAV from the Nashville Predators with no money going the other way. Thanks to the trade for McDonagh, the Lightning will have a little over $5MM to work with unless another move is made to free up space. Since the trade for McDonagh, and the team’s noted desire to keep Stamkos, trade rumors have circled over the past few days around Tanner Jeannot and his $2.665MM salary for the 2024-25 NHL season, although nothing is concrete at this point. Ultimately, Stamkos could surprise us all and take a well-below-market contract to keep the team competitive through his twilight years in the NHL, but that seems unlikely at this point. However, if the Lightning do end up freeing some cap space this summer, they have players to move without completely shaking the integrity of the lineup.

Photos courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Offseason Checklist: Tampa Bay Lightning

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The offseason has arrived for all but a handful of teams who are still taking part in the playoffs.  Accordingly, it’s now time to examine what they will need to accomplish over the coming months.  Next up is a look at Tampa Bay.

The Lightning managed to make the postseason for a seventh year in a row, but further confirmation that their contending window is coming to a close came swiftly via their cross-state rivals. The Panthers, now just one win away from advancing to the Stanley Cup Final, dispatched them in a quick five-game series, their first win in three playoff series against the Bolts. Now, with back-to-back non-elite regular seasons and a pair of first-round eliminations, general manager Julien BriseBois needs to pull off some tricks to keep the franchise from spiraling into mediocrity after its greatest stretch of success in franchise history.

Re-Sign Stamkos

BriseBois already checked one major item off his offseason checklist, acquiring some much-needed defensive help by acquiring former Bolt Ryan McDonagh from the Predators. Unfortunately, that’s created a temporary cap crunch that makes contract extension negotiations with captain Steven Stamkos much more difficult.

It isn’t the first time the future Hall-of-Famer has gotten dangerously close to becoming a UFA. Negotiations were testy after a five-year bridge deal expired in 2016, and he waited until 48 hours before the market opened to sign an eight-year, $68MM extension. With that deal now run out, Lightning fans will hope it doesn’t take that long again. It wouldn’t be a good sign for a player who, despite expressing a strong desire to remain in the only NHL market he’s ever known, was disappointed with the lack of extension talks last summer.

He’d likely take a discount on his market value, somewhere in the $8MM range annually, to stay in Tampa. But their current projected $5MM of cap space with a minimum of one other roster spot to fill likely won’t cut it, especially since he’s not eligible for performance bonuses.

They’ll need to free up space to get it done, something the rest of this checklist examines in more detail. But even as Stamkos’ even-strength numbers begin to dip, he’s a bonafide top-six winger that they don’t have the offensive depth to shoulder the loss of. He still managed to rack up over a point per game this season, recording yet another 40-goal campaign with 81 points in 79 contests. The 34-year-old was also their goal leader in the playoffs, lighting the lamp five times in five games.

Offload Bloated Forward Contracts

The Lightning reached three straight Stanley Cup Finals largely because of their cost-effective depth scoring. BriseBois has failed to continue that trend in the past two years thanks to a pair of ill-advised acquisitions.

One was much more harmful than the other, and he’s already on the trade block. BriseBois gave up five draft picks, including a first-rounder, to pick up grinder Tanner Jeannot from Nashville in a trade last year. He’s managed just eight goals and 18 points in 75 games for the Bolts since the deal and spent a good portion of the 2023-24 campaign on the shelf. Averaging fringe third-line minutes, they can’t afford to keep him at his $2.67MM cap hit next season. There’s still optimism around the league that he can rebound to his 24-goal form with the Preds two years ago, but with a 16-team no-trade list kicking in on July 1, they’ll need to move on from him in short order.

There’s also the matter of Conor Sheary, who BriseBois inked to a three-year, $6MM deal with trade protection in free agency last summer. He managed only four goals and 15 points in 57 games this season and was a healthy scratch for most of the stretch run, including all five of their playoff games. His spot in the lineup was replaced by minor-league call-up Mitchell Chaffee, who’s already inked a cost-effective extension with an $800K cap hit. His $2MM cap hit can’t be afforded for a player who provided league-minimum value this season, and it wouldn’t be surprising to see BriseBois offload him in a pure cap-dump transaction. He has a full no-trade clause at the moment, although it downgrades to a 16-team no-trade list on July 1.

Combined, the moves would bring the Lightning’s cap space to nearly $10MM, enough to re-sign Stamkos and add a low-cost depth scoring forward on the free agent market to help replace Jeannot and Sheary.

Get Another LTIR Contract

Having retired defenseman Brent Seabrook’s contract on the books for the past two seasons was beneficial to the Bolts. After confirming he wouldn’t play again due to injury, Tampa acquired the Cup-winning defenseman’s $6.875MM cap hit from Chicago, placing him on long-term injured reserve for the past three seasons to help give them in-season spending flexibility.

That contract has now run out, though, and they’re entering the summer without anybody available to help fudge their spending limit. That doesn’t mean they can’t pull off another trade to acquire a dead contract, though. As part of their purchase of the Coyotes’ hockey operations, NHL Utah is picking up the final two seasons of injured center Bryan Little’s contract, which carries a $7.86MM cap hit. With Utah GM Bill Armstrong having full permission from ownership to spend to the salary cap, unlike years past in Arizona, Little’s deal becomes an inhibition for Utah rather than a benefit to help them hit the cap floor.

If they have interest in selling the final two seasons of Little’s contract, expect the Lightning to engage. It wouldn’t mean much for their off-season spending, but placing him on LTIR once the season starts could give them some slight in-season recall and trade flexibility. The few other LTIR-bound contracts around the league are proving advantageous to their current clubs, such as the Golden Knights’ Robin Lehner, so Little might be BriseBois’ only option if he wants to go that route.

Upgrade Backup Goaltending

Tampa struggled defensively, ranking below average in goals against, but it wasn’t all on their skaters. Star netminder Andrei Vasilevskiy had a remarkably pedestrian season after recovering from preseason back surgery, allowing more goals than expected based on the shot quality he faced for the first time since 2015-16, per MoneyPuck. His .900 SV% was also right in line with the league average.

The four-time Vezina finalist could easily return to form after a healthy offseason, but relying on him to carry elite numbers through 60-65 appearances as he enters his 30s will become unrealistic. Throwing league-minimum backup Jonas Johansson to the wolves to start the season didn’t have good results, and he finished the campaign with a poor .890 SV% (that was still above his career average) in 26 appearances.

Waiving Johansson and spending even just $500K more on a more proven backup option in free agency could make a major difference in the standings for Tampa next season in an increasingly competitive Atlantic Division.

Photo courtesy of USA Today Sports.

Tampa Bay Lightning Will Not Extend Matt Dumba

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For the second straight offseason defenseman Matt Dumba will hit unrestricted free agency as his current organization will not submit an extension offer. Earlier today, David Pagnotta of TheFourthPeriod reported that the Tampa Bay Lightning will let Dumba walk to free agency; especially after re-acquiring Ryan McDonagh from the Nashville Predators.

Last summer, Dumba became an unrestricted free agency for the first time in his career after seeing his five-year, $30MM contract with the Minnesota Wild conclude. In the year that Dumba originally signed his extension with the Wild organization, he was in the midst of a 14-goal, 50-point campaign but, was unable to replicate his performance over the contract extension.

Seeing his stock drop precipitously in his last few years in Minnesota, Dumba settled for a one-year, $3.9MM contract with the Arizona Coyotes on August 6 last year. With better access to powerplay time, and immediately becoming one of the team’s best defensemen on paper, Dumba’s contract with the Coyotes was perceived to be an easy gamble on Dumba’s part.

Unfortunately for Dumba, his play in Arizona did not work out as the player had hoped, and he quickly fell down the depth chart with his poor play. Unable to generate any offense from the back end, Dumba scored four goals and 10 points in 58 games while posting a -13 rating after averaging just over 20 minutes of ice time per game.

Dumba was eventually traded to the Lightning organization for a fifth-round draft selection in the 2027 NHL Draft shortly before the deadline. Brought in primarily as additional depth due to the season-long injury of Mikhail Sergachev, Dumba would only tally two assists in 18 games for Tampa Bay.

Heading into this summer, Dumba should not expect to earn anywhere close to his nearly $4MM salary from the 2023-24 regular season. Much like his decision to sign with the Coyotes last year, Dumba will almost certainly have to look for an organization dramatically thin on defensive depth; this time on a much lower salary.

Trade Interest Rising In Tanner Jeannot

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Before last year’s deadline, the Lightning pulled off one of the most controversial trades in recent memory by unloading five draft picks and defense prospect Callan Foote to acquire middle-six winger Tanner Jeannot from the Predators. Now, after an extremely underwhelming tenure in Tampa, he appears to be on the block again, Elliotte Friedman of Sportsnet said on “32 Thoughts: The Podcast” on Monday.

Friedman called him “a name to watch” in the coming weeks as the Lightning aim to up their available cap space in an effort to keep captain Steven Stamkos from reaching unrestricted free agency. He didn’t firmly name any clubs as being connected to Jeannot thus far. However, he did report that multiple interested parties believe his 24-goal campaign in Nashville two years ago is more representative of his long-term ceiling than his fourth-line caliber play in Tampa. He and “32 Thoughts” cohost Jeff Marek named the Flames as a speculative trade destination but stopped short of saying they have an interest in Jeannot.

The 6’2″, 207-lb power forward never seemed to gel with the Bolts, only scoring a goal and three assists in 20 games down the stretch after his acquisition in 2022-23. He struggled with injuries in their first-round loss to the Maple Leafs, too, only making three appearances with no points and a -2 rating.

That limited his value when he was up for a new contract last summer – a bit of a blessing for the Lightning, who have been strapped for salary cap space throughout most of their recent championship contention window. A restricted free agent at the time, he inked a two-year, $5.33MM deal. He has a 16-team no-trade list that kicks in on July 1, something that will ramp up their efforts to move him by the 2024 NHL Draft at the end of next month if general manager Julien BriseBois places him on the block in earnest.

Trading Jeannot without taking any NHL roster players back would open up an additional $2.665MM in cap space for Tampa, bringing their total projected cap space next season up to $7.7MM. That’s likely enough space to re-sign Stamkos if he takes a realistic discount. Expecting him to take closer to $4MM per season extension, a necessity with their current cap situation, undercuts his market value by roughly 50 percent.

Even if teams are optimistic about Jeannot rebounding back to 20-goal, 40-point form, his trade value won’t be high. He posted just seven goals and 14 points with a -10 rating in 55 games this season and is entering the final season of his contract while being a UFA upon expiry. That won’t be a major concern for BriseBois, though, who’s moving him as a pure cap dump. The club was in a similar situation two offseasons ago with defenseman Ryan McDonagh, who they re-acquired last week, dealing him to the Preds for a pair of minor-league players.

Jeannot turns 27 on Wednesday. An undrafted free agent signing by Nashville in 2018, he has 42 goals, 38 assists, 80 points, a -9 rating, and 314 PIMs in 227 career games since making his debut in 2021.

Lightning’s Ilya Usau Clears Waivers, Has Contract Terminated

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05/26: Ilya Usau has cleared waivers and will have his contract terminated, per CapFriendly (Twitter link). His contract has now been mutually terminated

05/25: The Tampa Bay Lightning have placed centerman Ilya Usau (Usov) on unconditional waivers for the purposes of contract termination, per CapFriendly (Twitter link). Usau had one year remaining on a three-year, $2.8MM entry-level contract signed in 2022. He earned the deal following a three-game appearance with Belarus at the 2022 Olympic Qualifiers – an appearance he made in the midst of a 26-point season in the KHL. Usau has since spent the last two seasons with the AHL’s Syracuse Crunch, recording 30 points across 99 games with the team.

Usau was first draft-eligible in the 2020 NHL Draft. He spent his season with the WHL’s Prince Albert Raiders, recording 22 goals and 52 points in 58 games in his first season in Canada – after growing up through the USA youth hockey system and even appearing in four USHL games in 2019. His scoring in Western Canada drew the attention of scouts, finishing the year as the 101st-ranked prospect in TSN’s Craig Button’s final rankings. But Usau went unclaimed in the draft and decided to move back to his native Minsk, Belarus, signing with the KHL’s Dinamo Minsk.

That’s likely where Usau is bound for with this move, shares James Mirtle of The Athletic (Twitter link). If that’s the case, he’ll be returning to a KHL career just four games shy of 100 career games and, presumably, a Dinamo Minsk club that extended their playoff streak to four seasons this year.

Lightning Sign Dyllan Gill To Entry-Level Contract

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The Lightning have signed right-shot defense prospect Dyllan Gill to his three-year, entry-level deal, per CapFriendly. It carries an $870K cap hit, including $775K in base salary, a $95K signing bonus, an $80K games played performance bonus, and a minors salary of $82.5K annually.

Tampa would have lost Gill’s exclusive signing rights if they hadn’t inked him to a deal by next month. This would have allowed him to re-enter the draft and be eligible for selection in 2024.

Gill, 19, has spent his major junior career in the Quebec Maritimes Junior Hockey League with the Rouyn-Noranda Huskies. While he served as captain this season, his campaign was cut short after just 12 games due to an upper-body injury.

The defender had a strong post-draft season with Rouyn-Noranda in 2022-23, though, posting eight goals and 49 assists for 57 points in 68 games with a +12 rating. He’s intelligent with the puck in his own end and has good size at 6’2″.

The New Brunswick native turns 20 next month and is eligible for assignment to AHL Syracuse next season. However, after missing most of last year due to injury, the Lightning could loan him back to Rouyn-Noranda for an overage season if the club has an open spot. Canadian Hockey League clubs are allowed to carry three 20-year-olds on their roster at any given time.

Gill will become a restricted free agent when his deal expires after the 2026-27 season. His younger brother, Spencer Gill, is also a right-shot defenseman and is expected to be a second or third-round pick in this year’s draft.

Lightning Notes: Stamkos, McDonagh, Sergachev

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The Lightning are still confident they have enough cap space to re-sign pending UFA captain Steven Stamkos, even after adding Ryan McDonagh via trade from the Predators today, general manager Julien BriseBois said (via the team’s Chris Krenn).

With McDonagh’s $6.75MM cap hit now on the books, the Lightning are down to roughly $5MM in projected cap space for next season, per CapFriendly. There could always be a cap-clearing move coming, although BriseBois didn’t hint at one in his media availability today.

That implies Stamkos taking a serious discount to remain in Tampa. With a bare-minimum roster of 18 skaters, the Lightning still have two open forward spots next season – one for Stamkos, one for someone else. If they add a forward making the $775K league minimum against the cap to fill one open spot, the most they could offer Stamkos for an average annual value would be $4.25MM. Evolving Hockey’s contract projections indicate his market value could inch up toward the $8.5MM range if he hits the open market, so he would be taking a 50% discount to stay in Tampa for that number – albeit likely for more term on his contract as a trade-off.

Other notes from the Bolts today:

  • Adding a top-four defenseman was BriseBois’ top priority this summer, he told Krenn, and McDonagh ended up being the most desirable because of his familiarity with the roster and his two-year term. He indicated that he was unwilling to dish out the contract length required to land one of the marquee defensemen on the free agent market, even if he was willing to spend the upward of $6MM annually it takes to get McDonagh back on the team. Back in Nashville, Predators GM Barry Trotz told reporters, including the Tennessean’s Alex Daugherty, that McDonagh asked the Nashville front office to explore a trade back to Tampa this summer. McDonagh has a full no-trade clause.
  • With McDonagh back in the fold, don’t expect Lightning head coach Jon Cooper to bump Mikhail Sergachev back to a third-pairing role like he served during the team’s Stanley Cup wins in 2020 and 2021. Instead, BriseBois indicated the team is likely to explore loading up their top two pairings with McDonagh, Sergachev, Erik Černák and Victor Hedman, with the lefty Sergachev moving to his off-side to accommodate (via Bally Sports Florida’s Gabby Shirley). That would leave a third pairing (for now) of Nick Perbix and Darren Raddysh, both right-shot defenders, although they could easily add a depth left-shot blue liner for league minimum to rotate in on the third pair.

Lightning Acquire Ryan McDonagh From Predators

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The Lightning have re-acquired defenseman Ryan McDonagh from the Predators via trade, the team announced Tuesday. Tampa is picking up the Oilers’ 2024 fourth-round pick in the deal and sending their 2025 second-round pick and 2024 seventh-round pick to Nashville in return.

It’s incredibly unusual timing for a swap, especially one of this significance. Both the Bolts’ and Preds’ seasons ended a few weeks ago in first-round playoff exits.

There was no previous indication McDonagh was on the trade block, but he’ll now finish out the last two seasons of his seven-year, $6.75MM AAV contract back in Tampa, where he signed it in 2018. The Predators are not retaining salary in the deal – an important factor for the Lightning as they attempt to keep captain Steven Stamkos, a pending unrestricted free agent, from going to market.

McDonagh, who was part of the Lightning’s three straight Stanley Cup Final appearances from 2020 to 2022, spent the last two seasons in Nashville after the Lightning couldn’t afford to keep his contract on the books. They traded him to the Preds in July 2022 for minor-league pieces Grant Mismash and Philippe Myers. Mismash never suited up for Tampa and is now playing in Norway, while Myers has logged 16 appearances for the Bolts in the last two seasons.

It’s hard to argue with the asset management here from Predators general manager Barry Trotz. McDonagh gave them two seasons of solid top-four minutes, averaging 21:40 per game over 145 contests. He isn’t the player he once was offensively, but he still put up a respectable 52 points in a Nashville uniform and a combined +31 rating, which leads Nashville skaters since 2022-23. Trotz also nets a second-round pick for his troubles.

McDonagh’s contract has a full no-trade clause, which he waived to return to Tampa. The Lightning have struggled defensively without him the past two seasons, going from a consistent top-10 team in goals against to 14th in 2022-23 and 22nd this season. They also haven’t managed to win a playoff series since trading him away, losing to the Panthers in the first round this season and the Maple Leafs last year. While trading him away did allow GM Julien BriseBois to sign the younger Erik Černák, Anthony Cirelli and Mikhail Sergachev to long-term extensions, it didn’t result in a continuation of their success from the beginning of the decade.

The veteran defenseman turns 35 next month and is entering his 15th NHL season. Formerly the captain of the Rangers, the Lightning initially acquired McDonagh, along with J.T. Miller, in a blockbuster trade at the 2018 deadline. McDonagh played parts of five seasons in Tampa before ending up in Nashville, putting up 99 points and a +74 rating in 267 games in a Lightning uniform while averaging 21:51 per game.

However, re-acquiring McDonagh doesn’t mean the Lightning are in a more advantageous cap situation than when they traded him away. They’re down to just over $5MM in projected cap space next season with a roster size of 18, per CapFriendly, likely not enough to re-sign Stamkos without a corresponding move.

Evolving Hockey projects Stamkos could earn close to $8.5MM annually on a short-term deal on the open market, and while he’s likely willing to take a hometown discount to stay in Tampa, a contract worth less than half his market value would be extreme. They also have a couple of other depth forward spots to fill to ice a full roster, and none of their minor-league forwards are particularly strong candidates to crack next fall’s opening night roster.

After trading away their 2025 second-rounder in this deal, the Lightning now don’t have a pick in the first two rounds until 2026. That’s a tough sell for an aging core, considering they have a bottom-five prospect pool in the league, as analyzed by The Athletic’s Scott Wheeler.

Meanwhile, Trotz frees up some significant cap space to allow Nashville to be slightly more aggressive in free agency. The buyout penalty for Matt Duchene increases by $3MM on July 1 to a $5.55MM price tag next season, eating into their offseason flexibility. After moving McDonagh, CapFriendly now projects the Preds with $26MM in space next season with a roster size of 15. That’s more than enough to go big-game hunting for a younger, more cost-controlled replacement for McDonagh on the open market this summer.

Photo courtesy of USA Today Sports.

Afternoon Notes: Huhtanen, Lyle, Nečas

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The Tampa Bay Lightning have made the signing of forward prospect Niko Huuhtanen official, following reports of the signing yesterday. The three-year, entry-level deal will kick off next year and carries $57.5K in performance bonuses and $92.5K in signing bonuses each season, in addition to its $867.5K cap hit. Huuhtanen is currently playing with the AHL’s Syracuse Crunch, appearing in two games of the Calder Cup Playoffs but still searching for his first AHL point.

Huuhtanen played through his second full season in Finland’s Liiga this season, recording 19 goals and 46 points in 52 games. Tampa drafted Huuhtanen in the seventh round of the 2021 NHL Draft, selecting him out of Finland’s U20 league after he posted 20 goals and 34 points in 37 games. He moved to America in the following season – appearing in 65 games and recording 77 points with the WHL’s Everett Silvertips. But his juniors career was short-lived, and Huuhtanen returned back to Finland ahead of last season – posting 17 goals and 30 points in 48 games as a Liiga rookie.

Huuhtanen has scored at every level and served as a staple for Finland’s international teams for the last six seasons. He’s a hefty winger who sacrifices swift feet for strength. He doesn’t lack finesse, though, and knows how to use his strong frame to fight for space and become an option for teammates. From there, Huuhtanen’s shot is strong enough to make him dangerous anywhere in the offensive end. He’ll likely return to the AHL next season, though his strong performances against pro competition in the Liiga could help him rival the Lightning lineup soon.

Other notes from around the league:

  • Pending Calgary Flames free agent Brady Lyle has signed with HC Dynamo Minsk of the KHL. Lyle was previously a Group 6 free agent in the NHL, set to become an unrestricted-free agent if Calgary didn’t sign him by July 1st. He’ll now head to Russia, after posting 15 points in 47 games with the AHL’s Calgary Wranglers this season. The scoring brought his career point totals up to 51 across 186 AHL games. With Lyle now headed to Russia, Calgary’s only remaining Group 6 free agent is centerman Benjamin Jones.
  • Carolina Hurricanes centerman Martin Nečas is joining Team Czechia for the remainder of the World Championship, reports Walt Ruff of NHL.com (Twitter link). Nečas’ NHL season ended with Carolina’s Game 6 defeat on Thursday. He contributed nine points in 11 playoff games – a boost in production after he managed just 53 points during the regular sesaon. This will be the first time that Nečas has played with Team Czechia since the 2019 World Juniors, when he posted four points in five games. He made his World Championship debut in 2018, with five points in seven games.

Lightning Sign Mitchell Chaffee To Two-Year Extension

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The Lightning have re-signed winger Mitchell Chaffee to a two-year contract, per a team announcement Thursday. The deal, his first one-way pact, carries a cap hit of $800K and a total value of $1.6MM.

Chaffee, 26, landed with the Lightning last summer on a one-year, two-way contract with a $350K guarantee after reaching Group 6 unrestricted free agency. An undrafted free agent signing by the Wild in 2020, Chaffee made his NHL debut in Minnesota in 2021-22 but played just two games with the club, instead spending most of his time on assignment to AHL Iowa.

The Michigan native had set himself up as a top-six minor-league contributor early on, totaling 23 goals and 39 points in 49 games by his second professional season. But a torn ACL in his right knee ended his 2022-23 campaign after seven points in 10 games, after which the Wild opted not to bring him back and let him walk to free agency.

Healthy once again, Chaffee began the season on assignment to AHL Syracuse after clearing waivers and was solid on a middling offensive club, recording 12 goals and 26 points in 36 contests. He was recalled twice on brief stints in December and January but remained on the NHL roster for the rest of the regular season and playoffs after a Feb. 5 recall. In 30 games with the Bolts, primarily stepping in for the injured Tanner Jeannot, the 6’1″ winger had four goals in seven points while averaging 11:17 per contest. He struggled to get the puck on net, averaging less than one shot on goal per game but was a skilled finisher and shot nearly 15%.

Possession numbers weren’t particularly kind to Chaffee, who posted a below-average 47.4 CF% and 41.1 xGF% at even strength, per Hockey Reference. He did manage to stay out of the box, though, taking just two minor penalties

He’ll be in consideration for an opening-night roster spot next season, but ideally, he serves as their 12th or 13th forward option. He didn’t display enough offensive talent to elevate into a top-nine role long-term, and his poor relative possession numbers, despite seeing even offensive and defensive usage at even strength, don’t paint the best picture of him as a third-line checking threat.

After re-upping Chaffee, the Lightning have $11.79MM in projected cap space next season with a roster size of 17, per CapFriendly. A good chunk of that will go toward attempting to re-sign captain Steven Stamkos and avoiding losing him after 16 years and nearly 1,100 games with the club. Chaffee was set to become a Group 6 UFA yet again this summer if not extended.

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