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Trade Rumors: Market, Virtanen-Heinen, NMCs, Red Wings

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While the NHL Trade Deadline is exactly six weeks away and trade whispers have grown louder in recent days, a number of sources warn that it may be a mistake to expect an active trade market. The factors at play are what one might expect: the flat salary cap and clubs’ financial limitations as well as the U.S.-Canada border restrictions. Speaking on Sportsnet 960 in Calgary today, Elliotte Friedman noted that the market is much quieter than recent rumor and speculation has led everyone to believe. He cites the border issue – a mandatory 14-day quarantine for any player heading north – as limiting potential trade partners, but states that finances are an even greater inhibitor. Friedman said that many clubs are not looking to add salary and stress is being placed more on actual dollars than on cap hits. The Athletic’s Craig Custance and Eric Duhatschek take it even one step further, reporting that “few teams have permission to add salary” and noting that some non-contenders have been ordered by ownership to cut salary if at all possible. There is also the issue that many of the teams who may have the financial ability to add salary lack the cap space to do so. CapFriendly currently lists 16 teams – more than half the league – with projected cap space that amounts to less than a minimum salary and only seven teams currently in a playoff spot are among those with flexibility.

Fortunately, we may not be entirely without fireworks at the deadline. Friedman notes that major investments on players whose impact on teams will last beyond just this season or next could be seen as exceptions to the rule when it comes to adding salary. These additions can be excused as a financial commitment beyond the current financial and flat cap crises. Custance and Duhatschek also point out that for those Canadian teams with the means and desire to add, the deadline may be a little late given the possibility of lengthy quarantines, meaning trades could start up well before six weeks from now. There is hope that there will still be some transactional excitement this season and possibly even sooner rather than later.

  • It sure seemed like a notable trade was about to occur this weekend. On Saturday, it was reported by a number of sources that the Anaheim Ducks and Vancouver Canucks were nearing a deal that would have swapped Jake Virtanen and Danton Heinen. However, the deal never occurred and Friedman questions whether it was really as close as it was made out to be. The two sides certainly did discuss a trade and those two players in particular, and by all accounts continue to do so, but Friedman says that things got “carried away” before a firm deal was in place. The two sides are committed to balancing out the salaries in the trade and while Virtanen and Heinen do have very similar cap hits, their salaries are not even. In the final year of his contract, Heinen carries a $2.8MM AAV and near-equal amount of actual salary. Virtanen’s contract carries a $2.55MM AAV and he is owed only $1.7MM in salary this year, but he has an additional season remaining and $3.4MM in salary. That discrepancy is significant and a major hurdle and the reason why Friedman says a one-for-one swap was never a possibility. He notes that Derek Grant was discussed as a possible addition from Anaheim’s side and he could still be part of a final deal. In the first year of a three-year contract, Grant’s $1.5MM salary next year and $1.75MM in 2022-23 could help to offset Virtanen’s cost to Anaheim next year, but it doesn’t entirely cover the the difference and it is of course discounting the fact that Grant is a valuable player in his own right and not just a salary dump. There is clearly still more work to be done by the Ducks and Canucks if this heavily-rumored deal is to actually become reality. In the meantime, Friedman stated that Virtanen’s salary next season is a turn-off for most teams and could hinder Vancouver’s ability to trade him, especially if these talks with Anaheim fall apart.
  • One other limiting factor for the current trade market is that a pair of notable rental candidates may not be willing to waive their No-Movement Clauses. While there could be interest in Arizona Coyotes defenseman Niklas Hjalmarsson, especially in a lacking rental market for blue liners, don’t expect the respected veteran to be on the move. Custance and Duhatschek write that Hjalmarsson has no interest in waiving his NMC and appears content to play out the final year of his contract in Arizona. Hjalmarsson does appear to have lost a step, scoring at a career-low rate and getting penalized at a career-high rate, so perhaps it’s in the best interest of all parties if he finishes out the year and rides off into the sunset. The more surprising note from Custance and Duhatschek on a player who also may not be willing to waive their NMC for a potential trade is Taylor Hall. Signed to a one-year deal this off-season, it was expected that Hall would again be the top trade deadline target if the Buffalo Sabres were not on a postseason trajectory. Well, the Sabres are certainly not playoff-bound, but Hall doesn’t seem to mind. Custance and Duhatschek cite sources who believe that Hall, ranked at just No. 24 on The Athletic’s trade board, is happy in Buffalo and would like to stay. There is a belief that an extension may be more likely than a trade at this point, even with the Sabres’ season in shambles and the team in need of the immense trade capital he would return.
  • Another year, another season in which the Detroit Red Wings will be sellers at the trade deadline. However, the team may be looking to move more than just rentals in the coming weeks (or in the off-season). A rival executive tells Custance and Duhatschek that GM Steve Yzerman is listening to all offers and wouldn’t be surprised if a young core forward such as Anthony Mantha or Tyler Bertuzzi were moved. Mantha, 26, is struggling this season and it remains unclear what his ceiling may be in the NHL as he has dealt with injury and inconsistency over the years. Bertuzzi, also 26, actually got off to a great start early this season, scoring at the best pace of his career albeit in nine games. He has since been sidelined by injury and without building on his hot start, there remain concerns that his development has flatlined in Detroit. If the Red Wings doubt that either player can be an effective part of the young core they are growing in the pipeline, they could be moved.

Joe Veleno, Moritz Seider To Remain In Europe

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Detroit Red Wings GM Steve Yzerman held a conference call with reporters (video link via the Detroit Free Press) and among the major announcements was that both Joe Veleno and Moritz Seider will be staying in Sweden until the end of the SHL season instead of returning for training camp. Filip Zadina, Filip Hronek, Gustav Lindstrom, and Mathias Brome, who are all also out on loan, will be brought back.

Veleno, 20, is playing for Malmo in the SHL where he has 11 points in 21 games so far. The 30th overall selection in 2018 had an up-and-down AHL debut last year when he scored 23 points in 54 games, but still has a very high ceiling as a two-way center that could be a staple in the Red Wings lineup for years to come. Leaving him in Europe certainly would suggest that the Red Wings believe he has more developing to do before really pushing for an NHL roster spot, though Yzerman did note there are still so many questions about what the AHL season will look like this season.

Seider meanwhile is still just 19 but is looking right at home at the SHL level. Playing with Rogle, he has 12 points in 17 games and was not released to the German World Junior squad. Selected sixth overall in 2019 to the surprise of many, Seider has quickly become one of the top prospects in the entire world and is a key to the Detroit turnaround. The 6’4″ defenseman has all the attributes of a true number one option, meaning his development is absolutely crucial to the Red Wings.

Speaking about all of the players who have suited up overseas, Yzerman noted that though playing in Europe has likely sharpened the games of Zadina and others, it isn’t the NHL and they’ll still have to prove themselves on this side of the pond.

It’s important to remember too, that though they will stay for the rest of the year, Veleno and Seider could potentially be late-season recalls for the Red Wings once things end overseas. The SHL regular season schedule completes at the beginning of April while the NHL regular season isn’t expected to be completed until May.

Red Wings Still Open To Further Off-Season Additions

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The Detroit Red Wings are firmly in a rebuild following the worst season by an NHL team since the turn of the century in 2019-20. The club has accumulated a mass amount of talent in the pipeline over the past few years and still has an impressive array of future draft selections as well. They are committed to improving internally and grooming a new core to take over down the road.

With that said, savvy GM Steve Yzerman is not one to turn away from opportunity. With the flat salary cap impacting top teams far more than bottom feeders, the Red Wings have had the room to make a number of free agent additions so far this off-season. Following a recent call with the media, The Detroit News’ Ted Kulfan writes that Yzerman has expressed that he may not be done making deals either. Detroit still has more than $9.5MM in cap space based on CapFriendly’s current projection of a 22-man roster.

Already, the Red Wings have added considerable veteran talent ahead of next season. The team signed a new (starting?) goalie in Thomas Greiss, a pair of young defensemen in Troy Stecher and Jon Merrill, and experienced, versatile forwards Vladislav Namestnikov, Bobby Ryan, and Sam Gagner. They also acquired reliable blue line leader Marc Staal (and a second-round pick) at no cost from the New York Rangers. Not only is this a massive influx of talent for 2020-21, but expiring contracts like Ryan, Gagner, Staal, and Merrill could also turn into more draft capital at the trade deadline.

Not only have the Red Wings succeeded in adding a number of capable players, but most have come at a great value as well. So too have their RFA re-signings; Anthony Mantha signed a long-term deal well below what many were expecting, Robby Fabbri was handed an affordable extension, and the team took Tyler Bertuzzi to arbitration just to save more money. All of this value means that Detroit can keep adding if they want. There are still holes throughout the lineup currently slated for underwhelming veterans. While some of these will be kept open for prospects, at least one or two could be filled via free agency or trade if Yzerman can find the right fit:

There are a lot of players still on the free agent market. We have a lot of bodies right now. I do think there’s room potentially to add, and I would consider it as we go along, or when we get closer to knowing when we’re going to start. As far as the trade market… it’s pretty quiet around the league. Certainly we’d be open to listening.

Detroit Red Wings Sign Anthony Mantha

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The Detroit Red Wings have reached an agreement with Anthony Mantha on a new four-year contract. Elliotte Friedman of Sportsnet reports that the deal is worth an average annual value of $5.7MM. Pierre LeBrun of The Athletic provides the full breakdown:

  • 2020-21: $4.5MM
  • 2021-22: $5.3MM
  • 2022-23: $6.5MM
  • 2023-24: $6.5MM

This multi-year contract locks up a core piece of the Red Wings forward group and actually becomes the longest deal on the books for GM Steve Yzerman. Mantha is the only player in the organization currently signed through the 2023-24 season, with even Dylan Larkin expiring a year earlier. That term and security likely bought Detroit some cap savings on the deal, given how effective Mantha has been in his last few seasons.

A first-round pick in 2013, it took a few years for the power forward to fill out and reach the NHL. When he did though, he brought the instant goal scoring that he had provided at every other step of the way, scoring 17 in his first full season in Detroit. Mantha followed that up with 24 goals in his sophomore campaign and 25 in just 67 games in 2018-19, showing how easily he would be able to reach the 30-goal threshold at some point.

Unfortunately, after scoring 12 goals and 24 points in his first 29 games of 2019-20, Mantha was injured when he was tossed to the ground by Toronto Maple Leafs defenseman Jake Muzzin. He would miss more than six weeks of the season, making his return to the lineup in mid-February. Perhaps even more effective down the stretch, Mantha put up 14 more points in 14 games before the season was halted, bringing his totals to 16 goals and 38 points in just 43 games this year.

That kind of per-game production, especially for a player that is still squarely in his prime, is usually rewarded with even more money than Detroit committed here. The deal buys out two years of unrestricted free agency and could look like a steal if Mantha can get healthy enough to play every night, finally reaching that 30-goal mark.

For the Red Wings, who are still in their rebuilding phase, this represents a relatively low-risk investment in a core player. Without any other long-term commitments, the team has ample cap space over the next few years to develop and sign their young talent. Names like Darren Helm, Valtteri Filppula, Luke Glendening, Marc Staal, Patrik Nemeth, and Jonathan Bernier are all on contracts that expire after this season, opening up the playbook for Yzerman to build the squad as he sees fit.

Photo courtesy of USA Today Sports Images

Negotiation Notes: Ekman-Larsson, Bertuzzi, Gushchin

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While the Oliver Ekman-Larsson trade rumors dominated the pre-free agency headlines, the Arizona Coyotes’ star defenseman ultimately stayed put. Now, the ’Yotes captain tells AZ Central’s Jose Romero that this was the result that he had hoped for:

I have a clause in my contract, a no-trade, no-move clause. At the same time, I did not want to stand in the way if the organization felt otherwise. That’s how I am as a person. It was more that if they wanted to remove me, I set up the two clubs as an alternative, but, as I said, I wanted nothing better than to continue in Arizona so it feels good that it turned out the way it did.

Ekman-Larsson didn’t stand in the Coyotes’ way of making a trade per say, but the longest-tenured Coyote provided as little flexibility as he could while seeming open to a deal. Ekman-Larsson provided Arizona with just two teams he would accept a trade to, the Boston Bruins and Vancouver Canucks, and also set a deadline of October 9 for a deal to be completed. While the team reportedly had talks with both Boston and Vancouver, no deal could be reached in time and Ekman-Larsson stayed put. While he admits that even being available on his own terms was uncomfortable, Ekman-Larsson feels happy to still be a Coyote and has moved past the whole situation. Arizona meanwhile will have to find another way to solve their current salary cap crisis.

  • While there is a negative correlation between reaching a salary arbitration hearing and the number of seasons that player spends with his team after the fact, Tyler Bertuzzi remains on good terms with the Detroit Red Wings, according to Helene St. James of the Detroit Free Press. Bertuzzi tells James that all is well, even after the player was critically examined by his own team in front of an arbitrator, who seemingly agreed with an award closer to where the Red Wings filed. Bertuzzi went so far as to say the process “went smoothly” and stated that it was “nothing personal at all.” Congratulations are due to Detroit and GM Steve Yzerman on not only winning the arbitration battle, but maintaining such good terms with the subject. Bertuzzi’s experience with an arbitration hearing is far from the norm.
  • Daniil Gushchin, selected in the third round by the San Jose Sharks earlier this month, had previously signed with the OHL’s Niagara Ice Dogs this summer after the team picked him fourth overall in the 2020 CHL Import Draft. This seemingly marked the end of his consideration of going the collegiate route as well as his time in the USHL. Yet, with the OHL season delayed, Gushchin’s USHL club, the Muskegon Lumberjacks, have revealed that their star forward is still very much in the mix for the 2020-21. It is possible that the Ice Dogs have negotiated a loan of Gushchin to the Lumberjacks until OHL training camps open, but it also may be that the skilled forward has simply found himself a place to play. So long as Gushchin stays in the USHL this season and does not suit up in the OHL, he would maintain his NCAA eligibility and could still wind up joining a college program, many of whom had interest before he committed to Niagara.

Vladislav Namestnikov Signs With Detroit Red Wings

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The Detroit Red Wings are staying busy on the free agent market and have landed themselves a bargain. Versatile, two-way winger Vladislav Namestnikov is set to join the Red Wings and reunite with GM Steve Yzerman, who drafted him in the first round with the Tampa Bay Lightning. Detroit has announced a two-year deal with Namestnikov which reportedly carries a $2MM AAV. This represents a surprising drop-off in salary for Namestnikov, who made $4MM on his previous contract and has 30+ points in four of his five full NHL seasons.

Namestnikov, PHR’s 20th-ranked UFA, is either the victim of a flat cap market that is already running out of money or simply took a discount to join the Red Wings and play a major role up front. The 27-year-old is coming off a season in which he recorded 17 goals and 31 points in 65 games, despite dealing with not one but two different trades. Moving from the New York Rangers to the Ottawa Senators and then to the Colorado Avalanche, Namestnikov quickly took to each of his new locales and excelled. With some consistency, he is easily capable of reaching 20 goals and 40 points while being paid like a player who might produce half that much.

A skilled forward who also plays a responsible defensive game and is a major asset on the penalty kill, Namestnikov checks a number of boxes for Detroit. If handed a major role, as he was in Ottawa, Namestnikov should be a top scorer for the Red Wings as well as one of their best special teams players. While his salary seemingly reflects a “show me” deal, the two-year term means he’ll need produce in both seasons in Detroit if he want to cash in the next time he hits the open market. Fortunately, Namestnikov stands a strong chance of  boosting his stock in Detroit and will still be just 29 as a UFA in 2022.

Detroit Red Wings Complete Loans, Sign Free Agents

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The Detroit Red Wings have been checking several boxes on their offseason to-do list today. First, the team has officially assigned Joe Veleno to Malmo of the SHL and have changed Moritz Seider’s loan from Mannheim of the DEL to Rogle of the SHL. These changes are important, as they signify full-season loans of two of the team’s top prospects. Veleno and Seider are expected to spend the entire 2020-21 season overseas, though the SHL season does usually end in March.

In a rebuilding year for the Red Wings, getting Veleno and Seider playing right away should be considered a benefit for their development. There is no clear schedule for the AHL at this point, and given that the NHL is targeting a January start date that should be considered the very earliest a minor league season could be held. The two first-round picks will instead get to play immediately and will have a full season in one of the best leagues in the world.

The team has also reached agreements with two of their restricted free agents, signing Adam Erne and Taro Hirose to one-year contracts. Both players were not included in yesterday’s qualifying offers, and now we know why. Erne and Hirose will both be back in the organization for at least one more year.

Hirose, 24, was signed out of Michigan State University in 2019 and made an impact down the stretch for the Red Wings, scoring seven points in 10 games. That level of production wasn’t carried into this year, but the entire Red Wings team was brutal and Hirose still did register plenty of offense at the minor league level. With an improved club and higher level of play, perhaps Hirose can still become an impact player for the team.

Erne on the other hand will likely never provide much offense at the NHL level, but can still serve a role as a depth option for the Red Wings this season. In 170 career games he has just 32 points, most coming with the Tampa Bay Lightning in 2018-19. Detroit GM Steve Yzerman knows Erne well from their time together with the Lightning and obviously feels he can still play a role in the organization.

Red Wings GM Steve Yzerman To Participate In Draft Remotely

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The Detroit Red Wings are fortunate that the 2020 NHL Entry Draft has a consensus top-three and the team won’t be left scrambling by any surprises when they pick at No. 4 overall. That is because the man in charge, GM Steve Yzerman, won’t actually be in the war room to take control of the situation. Detroit has announced that Yzerman will participate remotely in the draft process as a precaution after coming into contact with a person who has tested positive for COVID-19.

Luckily, the team reports that Yzerman has tested negative on multiple COVID-19 screenings and is not experiencing any symptoms. However, the team will keep their top executive away from the rest of their front office staff and scouts over both days of the draft. Yzerman will communicate with his staff electronically and will still be able to conduct trade calls with rival GMs.

Detroit should already know who they are taking with the fourth overall pick and will have all night and morning to decide on their second pick, No. 32, the first of the second round on day two. At some point though, Yzerman and company will be on the clock without their selection pre-set and will have to overcome the distance to make a pick. The Red Wings own ten picks in the 2020 draft, including five in Rounds Two and Three tomorrow.

Detroit Red Wings To Buy Out Justin Abdelkader

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Detroit Red Wings GM Steve Yzerman continues his cleaning of the team’s cap situation, this time placing Justin Abdelkader on waivers for the purpose of a buyout. Abdelkader has three seasons remaining on his contract, meaning the Red Wings will incur cap charges for the next six years. Those charges will look like this:

  • 2020-21: $1,805,556
  • 2021-22: $2,305,556
  • 2022-23: $2,305,556
  • 2023-24: $1,055,556
  • 2024-25: $1,055,556
  • 2025-26: $1,055,556

There was a time not too long ago when Abdelkader looked like exactly the kind of powerhouse winger that every team was looking for. In 2015-16 he scored 19 goals and 42 points while racking up 120 penalty minutes and 207 hits. A wrecking ball on the ice with a scoring touch around the net was extremely effective and it landed him a new seven-year extension during that season.

Unfortunately when you play that style, if the goal-scoring falls off you’re suddenly just an overpaid fourth liner. That’s basically exactly what happened to Abdelkader, who almost immediately struggled under his new contract. Since the start of the 2016-17 season he has scored just 26 goals in 259 games despite averaging more than 15 minutes a night. Only 15 of those have come at even-strength and Abdelkader failed to score a single goal in his 49 games during the 2019-20 season.

That’s not to say this move comes without a bit of surprise. The Red Wings are not in any sort of cap trouble and could have kept Abdelkader on the roster as an overpaid veteran presence. But Yzerman has a clear plan to sweep out all the bad money and install his own vision of the Red Wings.

With Abdelkader gone, Dylan Larkin is the only player in the organization signed to a one-way contract through the 2022-23 season. Every other contract is either an entry-level deal or will expire by the summer of 2022. That freedom will allow Yzerman to do anything he wants to the roster, likely relying on the draft-and-develop strategy that served him so well in Tampa Bay.

Detroit Red Wings Will Not Re-Sign Jimmy Howard

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Though it may not come as much of a surprise at this point, Detroit Red Wings GM Steve Yzerman confirmed today that the team will not be extending a contract to pending free agent goaltender Jimmy Howard. The team instead will be looking for a new goaltender on the free agent market, according to Nick Cotsonika of NHL.com.

Howard, 36, has never known a professional organization other than the Red Wings, a team he debuted for back in 2005. Selected 64th overall in 2003, the young netminder quickly became a top prospect and by the age of 25 was Detroit’s full-time starter. Over the years he has appeared in 543 regular season games for the team, posting a 246-196-70 record.

That record would look a lot better if it weren’t for 2019-20. Incredibly, Howard won just two of his 27 starts this season, posting a 2-23-2 record behind the worst team in the NHL. His .882 save percentage was a legitimate part of that poor performance and will be a tough number to bring up in negotiations should he try to continue playing elsewhere.

At the moment it seems like he does, after telling Ted Kulfan of The Detroit News in June that he wants to keep playing in order to prove that he is better than the numbers he put up. He was clear about his desire to stay in Detroit at that point, but also knew that a new contract with the Red Wings was unlikely.

In a market flooded with capable goaltenders, Howard may have to sell himself pretty hard to a new organization. He’ll become a free agent on October 9.

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