Lightning Sign Jake Guentzel To Seven-Year Contract
The Lightning have taken our No. 1-ranked UFA off the board. After acquiring his signing rights from the Hurricanes yesterday, they’ve locked in left winger Jake Guentzel on a seven-year, $63MM deal ($9MM cap hit), per a team announcement.
Pierre LeBrun of TSN and The Athletic has the full breakdown of the deal:
2024-25: $1MM base salary, $12.26MM signing bonus, no-move clause
2025-26: $1MM base salary, $8.95MM signing bonus, NMC
2026-27: $3.96MM base salary, $4MM signing bonus, NMC
2027-28: $1MM base salary, $6.96MM signing bonus, NMC
2028-29: $1MM base salary, $6.96MM signing bonus, 10-team trade list
2029-30: $1MM base salary, $6.96MM signing bonus, 10-team trade list
2030-31: $1MM base salary, $6.96MM signing bonus, 10-team trade list
While many had questioned Guentzel’s value after spending nearly all of his eight-year NHL career stapled to Sidney Crosby‘s wing in Pittsburgh, a trade deadline deal to Carolina proved beyond a reasonable doubt that he’s a top-flight first-line talent in his own right. The 29-year-old has averaged more than a point per game over the last six seasons, totaling 189 goals, 221 assists and 410 points in 398 games since his breakout 40-goal campaign with the Penguins in 2018-19.
Carolina acquired Guentzel at the trade deadline, hoping to get him signed to an extension as he hurtled toward free agency, but it wasn’t in the cards. Guentzel’s initial ask was a reported eight-year, $64MM deal ($8MM AAV), something the Hurricanes weren’t willing to meet until too late in the process, LeBrun said last week. He was excellent down the stretch while alternating between Carolina’s top two forward lines, ending the year with eight goals and 17 assists for 25 points in 17 games with a +16 rating. Playing mostly alongside Sebastian Aho in the playoffs, Guentzel continued his reputation as a strong playoff performer with four goals and five assists in 11 contests.
A third-round pick of the Penguins in 2013, Guentzel played a key role in the second of the Penguins’ back-to-back Stanley Cup championships in 2017. He led the league in playoff goal-scoring as a rookie, lighting the lamp 13 times in 25 games – five of which were game-winners.
It’s clear that Lightning GM Julien BriseBois is banking on Guentzel being a more expensive yet more sustainable long-term replacement for Steven Stamkos. Their longtime captain is expected to find a new home on the open market today after failing to come to terms on an extension.
In Tampa, Guentzel could form one of the most terrifying top lines in the league alongside Nikita Kucherov and Brayden Point. Kucherov is coming off a 100-assist, 144-point campaign that won him the second Art Ross Trophy of his career, while Point has hovered around the 50-goal mark for the past two seasons.
The Lightning have $7.5MM in projected cap space remaining for 2024-25 after the Guentzel signing, per CapFriendly. They still have six open roster spots, including newly acquired RFA defenseman J.J. Moser.
Image courtesy of USA Today Sports.
Blackhawks Sign Tyler Bertuzzi To Four-Year Deal
Multiple reports overnight indicate the Blackhawks are expected to land winger Tyler Bertuzzi when the UFA market opens at 11 a.m. CT today, although Daily Faceoff’s Jay Rosehill was on it first. It’ll be a four-year, $22MM deal ($5.5MM AAV), David Pagnotta of The Fourth Period reports.
Chicago will be Bertuzzi’s first turn after a one-year stint with the Toronto Maple Leafs. Bertuzzi joined Toronto on a one-year, $5.5MM deal last summer and proceeded to have a fine year, netting 21 goals and 43 points in 80 games. He also added four points in seven postseason games. It was a middling performance, though still a step up from Bertuzzi’s 2022-23 campaign.
He kicked off that year with 14 points in 29 games with the Detroit Red Wings before being traded to the Boston Bruins at the 2023 Trade Deadline in exchange for a 2024 first-round pick and a 2025 fourth-round pick. Bertuzzi managed a modest 16 points in 21 regular season games with Boston, though he found his spark when the team needed him – tallying 10 points, split evenly, in seven games during the 2023 Stanley Cup Playoffs.
Bertuzzi looked comfortable in Boston after spending the previous six seasons with the Detroit Red Wings. Detroit originally drafted Bertuzzi in the second half of the 2013 NHL Draft’s second round, promoting him to the NHL in the 2016-17 season. And while he was able to set a trend of topping 45 points each season in Detroit, there were concerns about how his rough-and-tumble style would translate to a new scene. That made a strong performance with the Bruins imperative – and Bertuzzi held up enough to convince Toronto that they were missing his top-of-the-lineup grit.
But Bertuzzi wasn’t able to carve out too comfortable of a role with the Leafs. He spent the year bouncing around the team’s top six as they looked for how to best deploy their new additions of Bertuzzi and Max Domi. In the end, it was Domi who found more comfort next to stars Auston Matthews and Mitch Marner – ultimately kicking Bertuzzi down to the second line. Toronto, amidst their typical cap crunch, was only expected to keep one of these new additions and made their choice by delivering a four-year extension to Domi.
That leaves Bertuzzi free to join an up-and-coming Blackhawks club. He joins the lineup as, presently, their highest-paid forward, speaking to the leadership role he’ll have over a group of young forwards, headlined by star youngsters Connor Bedard and Artyom Levshunov. Bertuzzi could vie for a role on Bedard’s line, sat opposite Taylor Hall, though it seems more likely that the Hawks keep Philipp Kurashev next to their star and use Bertuzzi to offer a punch on the second line. If that is the role he finds himself in, Bertuzzi will instead be supporting top prospect Frank Nazar, who’s poised for his rookie season after signing an entry-level contract this summer.
A four-year deal will carry Bertuzzi through his age-33 season in 2027-28. With Bertuzzi signed, Chicago now has $23.4MM in cap space, with one forward spot and three defense spots still open. Some of those roles could go to prospects like Nick Lardis, Ethan Del Mastro, or Nolan Allan – though Chicago still has plenty of budget for other free-agent additions.
Image courtesy of USA Today Sports.
Red Wings Re-Sign Patrick Kane
The Detroit Red Wings are keeping their key midseason acquisition in the fold. The team announced that they’ve re-signed veteran forward Patrick Kane to a one-year contract. Financial terms of the deal were not disclosed by the team but Sportsnet’s Elliotte Friedman reports (Twitter link) that the deal carries a base salary of $4MM and could cost as much as $6.5MM if his bonuses are all met. The structure of the deal is as follows:
$4MM base salary
$1.5MM at 10 games played
$250K at 60 games played
$500K if his team makes the playoffs
$250K if he records 60 points and his team makes the playoffs
Pierre LeBrun of TSN and The Athletic reports (Twitter link) that the deal also contains a full no-trade clause.
Earlier today, Frank Seravalli of Daily Faceoff reported increasing potential for a Kane extension in Detroit while noting that the Montreal Canadiens were prepared to take a run at him if he eventually made it to the open market. Instead, Based on the report from Friedman, Kane will extend his time in Motown for the time being.
After making a return from offseason hip resurfacing surgery, Kane had plenty of suitors as he made his way through the courting process. The veteran talent ultimately landed with the Red Wings on a one-year, $2.75MM contract while reuniting with his former teammate, Alex DeBrincat. Not only did Kane prove he could still be serviceable to any team around the league, but he showed that he could still be a legitimate top-six talent.
In 50 games for Detroit after signing the one-year agreement, Kane would score 20 goals and 47 points while aiding the Red Wings on one of their first playoff hunts in the last several years. Unfortunately, Kane and the team would fall short after losing the tiebreaker in the Eastern Conference wild-card race to the Washington Capitals in the final game of the regular season. With the Red Wings squarely aiming for a playoff berth during the 2024-25 NHL season — Kane appears ready to help with that pursuit.
Sportsnet’s Elliotte Friedman first reported that a deal was expected to get done. Pierre LeBrun of TSN and The Athletic first reported the one-year agreement.
Photo courtesy of USA Today Sports Images.
Panthers Sign Rasmus Asplund To One-Year Deal
During parade day for the 2024 Stanley Cup Champions Florida Panthers, the organization got a minor item of work completed. PuckPedia reports that the organization has signed forward Rasmus Asplund to a one-year, two-way agreement that will pay $775K at the NHL level and $400K at the AHL level. The reported deal was later confirmed by David Dwork of The Hockey News.
After being traded from the Buffalo Sabres to the Nashville Predators during the 2022-23 NHL season, Asplund became an unrestricted free agent last offseason after not receiving a qualifying offer from the Predators. A few days after free agency officially opened, Asplund signed an identical contract with the Panthers paying him $775K at the NHL level and $400K in the AHL.
As things would turn out, Asplund would never see a dime of his salary in the NHL as he spent the entire year with the Charlotte Checkers of the AHL. As an effective playmaker in the minor leagues, Asplund scored nine goals and 35 assists in 67 games which led the team in the latter category.
It will be interesting to see how high the Panthers play Asplund up the depth chart next season as the team could lose several players up front to unrestricted free agency in the next 24 hours. If Florida can bring back a generous amount of their forward depth from last year, expect Asplund to spend most if not all of his time back in the AHL.
Blues Re-Sign Hunter Skinner
The Blues took care of one of their potential restricted free agents today, announcing that they’ve re-signed defenseman Hunter Skinner to a one-year, two-way deal. The contract pays $775K in the NHL and $80K at the AHL level.
The 23-year-old was originally a fourth-round pick by the Rangers back in 2019 and joined St. Louis as part of the Vladimir Tarasenko trade back in February 2023. Skinner split his playing time that season between their two AHL affiliates plus New York’s ECHL squad.
This past season, Skinner was a full-timer in the AHL, getting into a career-best 50 games with Springfield. He picked up three goals and seven assists along with 94 penalty minutes, bringing his career totals at that level to 33 points and 151 PIMS in 132 contests.
Skinner will be waiver-eligible for the first time next season so he’ll have to pass through unclaimed during training camp to make it back to the Thunderbirds.
Nikolai Knyzhov Clears Unconditional Waivers
Sunday: Knyzhov has cleared waivers, PuckPedia reports. However, he isn’t being bought out; instead, it’s a mutual termination, meaning that San Jose will have no lingering cap hit.
Saturday: The San Jose Sharks have placed defenseman Nikolai Knyzhov on unconditional waivers for the purposes of a buyout, per Chris Johnston with The Athletic (Twitter link).
Knyzhov has spent parts of the last five seasons with the Sharks roster, joining the team as an undrafted free agent in 2019. He showed up strong with the San Jose Barracuda, recording just five points in 33 games but looking well-matched when defending the rush on North American ice. The strong adjustment earned Knyzhov a full-time role with the Sharks in 2020-21. He totaled 10 points and 39 penalty minutes in 56 games as a rookie – posting career-highs across the boards. But injuries derailed Knyzhov’s sophomore year, holding him out for all of the 2021-22 season and most of the 2022-23 season. This year was his first of good health since 2021, and he seemed to make a triumphant return, recording a career-high 14 points in 40 AHL games, though he struggled significantly in 10 NHL games.
But there’s upside to be had with Knyzhov, who will now enter the open market with 81 career games, and 12 career points, under his belt. He’ll offer a cheap defensive-defenseman style, so long as he opts to stay in North America, rather than returning to SKA St. Petersburg in Russia. Knyzhov previously spent three years in SKA’s system, after brief stints with the WHL’s Regina Pats and the NAHL’s Springfield Jr. Blues in the 2015-16 season.
Maple Leafs Sign Max Domi To Four-Year Extension
The Toronto Maple Leafs have reportedly signed forward Max Domi to a four-year, $15MM contract extension, per Chris Johnston of The Athletic (Twitter link). Johnston mentions that the deal will carry an annual cap hit of $3.75MM. These reports come shortly after Sportsnet’s Elliotte Friedman alluded to a deal coming soon (Twitter link). The new deal will carry Domi through 2028, his age-32 season.
Domi, the son of former Leafs second-round pick and era-defining enforcer Tie Domi, found his groove late into the year, posting 16 points in the last 19 games of the regular season and adding four points in seven playoff games. The inspiration for the scoring came while Domi was filling a top-line role next to superstar Auston Matthews. The two were a great pair of grit and talent – a duo that Toronto is likely set on returning next year.
Domi made quick work of what was his first year brandishing his dad’s old logo, having joined Toronto on a one-year, $3MM contract nearly a year ago today. But Domi could still have untapped upside. He’s proven to be a perennial scorer at the top level, recording 20 goals and 56 points in 80 games between the Chicago Blackhawks and Dallas Stars in 2022-23; and boasting a career-high of 28 goals and 72 points scored in 2018-19. The roles that led to that scoring often placed Domi in much more of a spotlight role, giving him room to showcase strong puck skills and shooting. But he had to lean into a grittier style with the Leafs, supporting the stars rather than standing next to them. That could begin to change if Domi holds on to a top-line next season. A smash season would quickly earn Domi the price of his extension, and give Toronto the top-end, high-scoring utility winger that they’ve been needing.
Sharks Sign Luke Kunin To One-Year Extension
06/30: The San Jose Sharks have made this deal official, signing Kunin to a one-year, $2.75MM extension.
06/28: PuckPedia reports that the San Jose Sharks and forward Luke Kunin are nearing a one-year extension that will pay Kunin $2.75MM. The deal will clock in just shy of Kunin’s qualifying offer which would have been $3MM.
Now just one year away from unrestricted free agency, it was reported a few months ago that Kunin was open to signing a multi-year contract with the Sharks organization. Instead, Kunin and San Jose can punt those conversations down the line as the middle-six forward will suit up for his third season with the Sharks.
While averaging just under 16 minutes of ice time per game, Kunin potted 11 goals and 18 points in 77 games for San Jose this season which was good for seventh on the team in the former category. However, Kunin’s possession metrics took a nose dive this season with a CorsiFor% of 36.5 — a six-point decrease off his career average. With his secondary scoring and physicality, Kunin still holds value as a middle-six option for the Sharks.
Additionally, after a historically bad season for the organization, San Jose may have rewarded Kunin for wanting to stay with the organization in the first place. He now has the opportunity to add to his earning power in unrestricted free agency if he can capitalize on this one-year deal with the Sharks.
Utah Signs Juuso Valimaki To Two-Year Extension
7:50 PM: TSN’s Chris Johnston reports Valimaki will earn an AAV of $2MM on his new deal.
5:09 PM: Continuing with a busy day on the blue line, the Utah Hockey Club has agreed to a two-year contract with pending restricted free-agent defenseman Juuso Valimaki. The team did not disclose any financial terms regarding the deal.
Even with Valimaki likely sliding down the depth chart today with the team’s addition of Mikhail Sergachev from the Tampa Bay Lightning and John Marino from the New Jersey Devils, the young defenseman may excel in a more limited role. During the 2022-23 NHL season, Valimaki scored four goals and 34 points in 78 games while averaging 18:11 of ice time per night, and saw his production slip to two goals and 17 points in 10 fewer games played while averaging more than a minute more of ice time per game.
Although it is unlikely, if all things stay the same on the blue line for Utah, Valimaki should be able to partake in a top-four role on the left side of the defensive core. However, there are rumblings that even after the trades today, Utah is still interested in Brandon Montour once he hits the free-agent market on Monday (X Link). If the organization can land Montour, they would likely shift Sean Durzi to the left side while demoting Valimaki to a bottom-pairing role.
Whatever the case may be, Utah has dramatically improved its defensive core over the last 24 hours. Despite the probable demotion coming to Valimaki on the depth chart, he is a flexible defenseman with the ability to play in nearly any situation.
Flyers Buy Out Cam Atkinson
06/29: Atkinson has cleared unconditional waivers and will be bought out, shares Sportsnet’s Elliote Friedman (Twitter link).
06/28: The Philadelphia Flyers are planning to buy out the final season of Cam Atkinson‘s seven-year, $41.125MM contract, the team shared. Philadelphia will carry a $2.358MM cap hit this season, and a $1.758MM cap hit next season, as a result of this buyout – accumulating $1.759MM in total savings over the $5.875MM cap hit that Atkinson was due this year. The Flyers will also get out from under Atkinson’s modified no-trade-clause, which allowed the veteran winger to submit a 10-team no-trade list.
This buyout brings a quiet end to Atkinson’s three-year stretch in Philadelphia. He was plenty productive two sesaons ago, posting 23 goals and 50 points in 73 games – his highest scoring since 2019. But Atkinson was forced out of the entirety of the 2022-23 season with a neck injury and struggled to rekindle his spark this year. He fell to a measly 13 goals and 28 points in 70 games. On the back of lagging performances, Atkinson slipped all year, ultimately earning multiple healthy scratches in the season’s second half.
Benchings are a heavy fall for Atkinson, who spent nearly a decade locked into the Columbus Blue Jackets top-six earlier in his career. He posted at least 20 goals in every season between 2013 and 2019 – including a career-high 41 goals and 69 points in 80 games during the 2018-19 season. But injuries have never been Atkinson’s friend – with a string of lower-body injuries limiting his early career and a nagging right-ankle sprain ultimately cutting his 2019-20 and 2020-21 seasons in half. With the writing of an aging veteran on the wall, Columbus flipped Atkinson to the Flyers in July of 2021, acquiring Jakub Voracek – another veteran winger plagued by injuries.
And while Atkinson will now enter the free agent market with still winds, there seems to still be interest around the league. The San Jose Sharks were reportedly interested in trading for Atkinson just two weeks ago, though his trade protection kept him from going to a Sharks team that seems set for another down year. San Jose surely would’ve preferred Atkinson’s near-$6MM price tag, as they try to reach the cap floor, but will now get a chance to negotiate openly with the 12-year veteran. Atkinson hasn’t found much success over his career, playing in just 35 career postseason games, but he offers the leadership of a veteran with 770 career games – a presence that could be invaluable to young teams like the Sharks.