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Trade Rumors: Laine, Dumba, Rust

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While it is Frank Seravalli who produces TSN’s Trade Bait board, colleagues Darren Dreger and Pierre LeBrun backed up the trade statuses of a pair of players at the top of his board on this evening’s edition of Insider Trading. While he may be only 22 years old with four 50+ point seasons under his belt, don’t dismiss the rumors surrounding Winnipeg Jets forward Patrik Laine as wild speculation, warns Dreger. He states that the Jets are “serious” and absolutely listening on the young scorer. In fact, the Laine noise has not been louder merely because the interest has been limited so far, either due to the asking price or other teams not truly believing that Laine is for sale. LeBrun notes that the Columbus Blue Jackets are one team that is definitely interested in Laine. The team sorely needs high-end talent up front as may have the top-four defenseman and young center that Winnipeg desires. Another team that also kicked the tires on Laine was the Carolina Hurricanes, but LeBrun believes that they balked at the asking price for the Finnish sniper and talks fell off after that. One team that hasn’t checked in on Laine yet? The Montreal Canadiens. While LeBrun acknowledges that the Canadiens could desperately use a player of Laine’s ability, they thus far have been hesitant to enter negotiations.

  • The trade availability of Minnesota Wild defenseman Matt Dumba, No. 2 on the trade bait board, has been far more concrete, as teams and the media alike can look ahead to the 2021 NHL Expansion Draft and see the conundrum coming down the line for the Wild. Yet, Dreger states that Dumba is on the block, but Minnesota is not in a rush to move him. He believes that the Wild will hold on to Dumba, perhaps even through the season, until the asking price is met. Right now, that price is believed to be a legitimate top-six center, which Dreger feels might be asking too much. The other option could be a high first-round pick and a young roster forward, which is a more likely return. The team will hold out for one of those two returns, as there is no urgency to move on from Dumba at a lower price.
  • One name that rival GM’s are asking about who isn’t necessarily on the block is Pittsburgh Penguins forward Bryan Rust. Rust is coming off of a career year, but it seems like no one on the Penguins roster is safe, leading other teams to ask the question. GM Jim Rutherford tells The Athletic’s Rob Rossi and Josh Yohe that he will listen to any offer, but isn’t keen to trade Rust. However, another sources tells The Athletic that Rutherford would part with Rust for an NHL-ready prospect and another top prospect. That might be a heavy price to pay, but don’t rule out the possibility in an unpredictable off-season.

Latest On Vancouver’s Pending Free Agents

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The Vancouver Canucks have one of the more precarious salary cap situations in the league as they enter the offseason. While they project to have close to $14.3MM in space for next season, things are going to get a lot different in a year. That’s when Elias Pettersson, Quinn Hughes and Thatcher Demko will all hit restricted free agency at the same time, potentially eating up a huge chunk of the salary cap as the team’s young core.

With that expensive offseason right around the corner, Canucks GM Jim Benning will have to play his cards quite carefully next month to make sure he doesn’t back himself into a corner. That includes UFA negotiations with Chris Tanev, Tyler Toffoli, and perhaps most importantly, starting goaltender Jacob Markstrom.

Rick Dhaliwal was on TSN radio today talking about the Canucks pending free agents, even expressing awe that the team has still not worked something out with Markstrom:

This has not been an easy negotiation. We’re 15 months into this and now he’s 17 days away from walking and leaving. The two-time MVP of this team, he’s 17 days away from walking away from this team. They’ve been negotiating for 15 months–think about that for a second–and they’re not closer. There is still tons of work to do before they get a deal done.

Dhaliwal suggested again that the goaltender is looking for a deal with a cap hit of around $6MM, but stressed how challenging the negotiation has been so far. Markstrom, 30, is coming off his second straight year receiving Vezina Trophy votes, actually finishing fourth this season after putting up a .918 save percentage in 43 appearances. His market will be strong should he reach unrestricted free agency, something that Benning explained he was trying to avoid at his end of season press conference:

We’re going to try and figure out a way that makes sense for us and makes Jacob and his agent happy. Try and figure out a deal to get him signed. We want him back. We’re going to start working on that this week.

The question still comes back to that future cap situation though, especially given what Demko did in the playoffs with Vancouver. Though he’s not nearly as proven—Demko has just 37 regular season appearances under his belt—the Canucks could potentially hand the starter role to him next seaosn and take their chances with him on a full-time basis. They could also go after another free agent netminder instead, with Dhaliwal bringing up the names of Braden Holtby, Thomas Greiss and Cam Talbot as potential options.

In terms of Tanev, Dhaliwal explains that while Markstrom and Toffoli are the focus for Vancouver, the veteran defenseman hasn’t even received a contract offer from the Canucks at this point. Tanev, who will turn 31 in December, was the focus of a report today from Rob Rossi and Josh Yohe of The Athletic, which indicated that the Pittsburgh Penguins will be after him should he hit the open market. Tanev is the older brother of Penguins forward Brandon Tanev, who was given a long-term deal by Pittsburgh GM Jim Rutherford last summer.

Even though he is not an effective offensive weapon, Tanev has logged big minutes whenever healthy over the last decade in Vancouver. He registered 20 points in 69 games this season while still logging more than three minutes of short-handed ice time every night.

Pittsburgh Penguins Extend Jared McCann

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The Pittsburgh Penguins have come to terms on a new contract with one of their pending restricted free agents. The team has announced that forward Jared McCann has signed a two-year extension with a $2.94MM AAV. Sportsnet’s Elliotte Friedman adds that the contract carries a $2.5MM salary in year one and a $3.38MM salary in year two. McCann will be a restricted free agent again when the deal expires after the 2021-22 season.

McCann, 24, is coming off of a career year and appears to have finally found a long-term NHL home. A 2014 first-round pick, McCann was traded first by the Vancouver Canucks after his first pro season and then again by the Florida Panthers midway through his fourth pro season. While those teams felt McCann was falling short of high expectations, the Penguins have gotten the most out of him. Since arriving in Pittsburgh in February 2019, McCann has recorded 52 points in 98 games, including 35 points this season, a career-high in points per game. McCann also ranks sixth among Penguins skaters in points during that span. If he continues to improve offensively and scores at a top-six level for the club, McCann’s extension will prove to be a major bargain for the Penguins.

The challenge though is where to place McCann in the lineup. While he has the versatility to play both wing and center, the Penguins have been unhappy with his performance when slotted down the middle. McCann’s record at the face-off dot leaves much to be desired, as does his ability to drive offense down the middle of the ice. If McCann is not a fit as the Penguins’ third line center, that position remains a major hole in their lineup while McCann becomes yet another of the team’s numerous wingers. Pittsburgh is unlikely to have re-signed McCann if they also planned to move him, but this deal makes it even more likely that the team could look to move another winger in order to improve elsewhere.

With McCann signed, the Penguins have just over $6MM in cap space with their situation in net still to resolve – Matt Murray and Tristan Jarry are both unsigned RFA’s – and two other RFA forwards in Dominik Simon and Sam Lafferty in need of new deals. This doesn’t leave GM Jim Rutherford much room to explore the free agent market unless another trade is still on the way.

GM Quotes: Sakic, Rutherford, Benning

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Although many will blame goaltending performance for the Colorado Avalanche loss in the Western Conference semifinals, GM Joe Sakic is not so quick to blame his netminders, Philipp Grubauer and Pavel Francouz. Both goaltenders were injured in the seven-game series against the Dallas Stars, leaving Michael Hutchinson to fend for himself. Grubauer also missed time due to injury in the regular season and many felt his play was affected. Overall, the pair played well this year and both are signed through at least next season at a valuable rate. While many have speculated, including Sportsnet’s Elliotte Friedman and Jeff Marek, that the club could still use their considerable cap space to bring in a new starting goalie for next year, Sakic says otherwise. Speaking with Mike Chambers of the Denver Post, Sakic offered support for his tandem and stated that he does not plan to bring in another keeper for next season:

They both had good years. Unfortunately, they both got hurt at the wrong time, but neither of those injuries are injuries you have to worry about. Train hard in the summer and make sure it doesn’t happen again. You can’t predict injuries, but no, they both had good stretches and we expect that next year.

Sakic revealed that Francouz was already dealing with an injury when he replaced the injured Grubauer in the postseason and tried to battle through the pain as long as he could. Fortunately, he stated that both goalies – and in fact all injured Avs – are expected to be back at full strength for next season. As a result, Sakic does not anticipate chasing a new goalie on the free agent or trade markets, as he is content with his duo’s performance, blaming only the poor timing of their injuries.

  • Pittsburgh Penguins GM Jim Rutherford made yet another major trade on Friday, his second already since his team was eliminated in the qualifying round, when he dealt Nick Bjugstad to the Minnesota Wild in a salary cap dump. Talking to The Athletic’s Josh Yohe about a deal that on paper seemed to net Pittsburgh little in return – a conditional seventh-round pick and only half of Bjugstad’s 2020-21 cap hit ($2.05MM) – Rutherford made it clear that he is simply doing what he can to create enough cap space as to allow the Penguins to be active in free agency:

Well, I’d really like to be able to get there, to be at the point where we can do something in free agency, but we aren’t there yet… I want to be able to be active on that day, but it’s going to be difficult to get to that point… You’ve got to realize that teams don’t know how much money they’ll be making next season and moving forward. Plus, teams all thought the salary cap for next season was going to be anywhere between $3 million and $6 million higher than what it is. So, everyone is in a pretty difficult situation, and that includes us… First things first, we need to get to a point where we are comfortable that we’ll be compliant with the cap. We’ll see what happens between then and now.

  • If there has been any one theme to Vancouver Canucks GM Jim Benning’s comments all season long, it has been that he would like to keep as many of his current players on the team as possible, including his pending unrestricted free agents. While much of that focus has been on a trio of top players in Jacob Markstrom, Chris Tanev, and Tyler Toffoli, Benning has thrown his support behind role players as well. The latest name that Benning hopes to squeeze back on the roster next season is Josh Leivo, who lost much of his season to a fractured knee cap but was working his way back into game shape when the Canucks were eliminated in the Western Conference Semifinals. Benning knows what Leivo can do when healthy and in an interview with TSN Radio 1040 he stated that he hopes to give him another chance in Vancouver:

He played well for us. We haven’t ruled out re-signing him… He’s a big body, shoots the puck well, is a smart player… His rehab has gone well… he’ll be ready to play next year for us.

Pittsburgh Penguins Hire Todd Reirden, Mike Vellucci

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The Pittsburgh Penguins have found a pair of names to replace the outgoing assistant coaches and both come with considerable experience. Todd Reirden and Mike Vellucci will be the new assistants for head coach Mike Sullivan, while goaltending coach Mike Buckley has also received a two-year extension. Penguins GM Jim Rutherford, who recently fired Jacques Martin, Sergei Gonchar and Mark Recchi, released the following statement on the move:

I am pleased to add Todd and Mike to our coaching staff, and believe they will compliment Mike Sullivan’s coaching style. Todd is a Stanley Cup winning coach with a decade of NHL experience as both an assistant and head coach. Mike brings championship experience at both the AHL and OHL level, and is very familiar with how we function as an organization.

Reirden will be responsible for the team’s defensive group and power play unit, while Vellucci will oversee the forwards and penalty kill.

Both men come with considerable experience with the other members of the organization. Reirden, who was recently removed as head coach of the Washington Captials, spent four seasons as an assistant with the Penguins between 2010-2014. Those years followed a stint as head coach of the Wilkes-Barre/Scranton Penguins, Pittsburgh’s AHL affiliate.

Vellucci has that same connection, having served as head coach (and GM) of the baby-Penguins in 2019-20. That’s not where his experience with Rutherford ends, however. In fact, if you go back through Vellucci’s career in hockey, Rutherford is almost everywhere. Before he joined WBS, the 54-year old Vellucci was with the Carolina Hurricanes organization, where he served as assistant GM, head coach of the AHL affiliate and director of hockey operations. He was hired for that job just after Rutherford departed, but it was because of the long connection he had with him and then-Hurricanes owner Peter Karmanos. Karmanos also owned the Plymouth Whalers of the OHL, which Rutherford oversaw and Vellucci served as head coach and GM. Even before that the two were intertwined, meaning Vellucci comes as no surprise on the bench for Pittsburgh this season.

Because of the promotion for Vellucci, the Penguins have begun a search for the next head coach of their AHL affiliate.

Pittsburgh Penguins Extend Chad Ruhwedel

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The Pittsburgh Penguins have signed Chad Ruhwedel to a one-year extension, keeping him under contract through the 2021-22 season. Ruhwedel’s current deal carries a cap hit of just $700K for next season, but the new extension will pay him the increased minimum of $750K. Penguins GM Jim Rutherford released a statement on the signing:

Chad is a reliable, depth defenseman who is a great teammate. He keeps himself in great shape and is always game-ready, which is important for a player in his role and the success of our team.

Ruhwedel, 30, has been in-and-out of the Penguins lineup for the last four seasons, acting as the seventh defenseman in most cases. He played 41 games in 2019-20, recording six points and averaging just under 15 minutes a game. Through 170 career NHL games, the undrafted college signing has 25 points.

More important than his regular season success though, and hinted at by Rutherford in his release, is how Ruhwedel has stepped into the lineup for the Penguins at important times. He played six games in the Penguins 2017 playoff run that ultimately ended in a Stanley Cup, and 12 the year after. That reliability is exactly what you want out of a seventh defenseman and is something that Rutherford and the Penguins coaching staff has come to expect.

He will now be an unrestricted free agent in the summer of 2022.

More On The Kasperi Kapanen Trade

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The instant reaction from many fans and media members upon hearing the news this morning that the Toronto Maple Leafs and Pittsburgh Penguins had completed a trade revolving around Kasperi Kapanen was not exactly one of shock. The two teams had both made it clear that changes needed to come after qualification-round exits, though this may have been a little sooner than even most people expected. Kapanen was sent to Pittsburgh for a package that included the Penguins first-round pick this season and prospect Filip Hallander, a deal that earned Toronto GM Kyle Dubas plenty of praise online.

Now that the dust has settled a bit, it’s easy to see why this deal can be regarded as a positive for Toronto. The team is basically recouping an asset that had been lost while gaining some cap flexibility and an interesting prospect to boot. According to Pierre LeBrun of The Athletic, the Maple Leafs had been working the phones hard to try and get a first-round pick for this year—something they’d given away last summer in order to get Patrick Marleau’s contract off the books. LeBrun reports that Dubas and the Maple Leafs front office had spoken with the New Jersey Devils, Nashville Predators, Anaheim Ducks, Minnesota Wild, Chicago Blackhawks and Carolina Hurricanes about Kapanen, trying to get a first-round pick from almost all of them.

The Maple Leafs now sit with the 15th overall pick in a draft that is expected to be deep with NHL talent, especially at the center ice position. That’s a spot where the Toronto pipeline is thin, despite having two bonafide stars in the middle on the NHL roster. Beyond Auston Matthews, John Tavares and Alexander Kerfoot, who currently slots into the third-line center role, there aren’t any obvious choices in the organization that could play top-nine minutes. The team used a mix of Frederik Gauthier, Jason Spezza and Pierre Engvall in the middle during the season but none are exceptional options at this point in their respective careers.

Pittsburgh meanwhile, is going for it once again with Sidney Crosby and Evgeni Malkin another year older. In the press release announcing the trade, Penguins GM Jim Rutherford specifically said that Kapanen could improve the team’s top-six, something that he repeated when speaking to Seth Rorabaugh of the Pittsburgh Tribune-Review:

We’ll have to see how it goes in camp and what (coach Mike Sullivan) decides. (Bryan) Rust and Kapanen are top-six guys. It will be a matter of what works for everybody. Kapanen could go with Malkin. Or Rust could go with Malkin and the other guy with Sid. We’ll see how it plays out.

Rutherford explained that he “wasn’t going to wait” when he learned that Kapanen was available and thinks the speedy forward can be in Pittsburgh “for a long time.” Of note, Kapanen is under contract for two more seasons but will still be a restricted free agent at the end of 2021-22, able to be re-signed to a longer deal.

As for Hallander, the prospect that has Maple Leafs fans excited? Rutherford admitted that the Penguins liked him but didn’t project he could have the same kind of top-six impact. That’s obviously the key to the deal for Pittsburgh as they look to directly surround Crosby and Malkin with talent and push for another Stanley Cup.

Photo courtesy of USA Today Sports Images

Pittsburgh Penguins Sign Josh Maniscalco

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The Pittsburgh Penguins have added another undrafted college free agent to their program, signing Josh Maniscalco to a three-year entry-level contract. Maniscalco played just two years at Arizona State University and will forego his junior and senior seasons in order to turn pro. Penguins GM Jim Rutherford released a short statement on the deal:

Josh is a solid puck-moving, offensive defenseman. He jumps into the rush and plays a style that is complementary to our group. We think highly of his character and are happy to add Josh to the organization.

Like they have so many times before, the Penguins hope to turn an undrafted talent into a depth player for the organization that can provide an inexpensive contribution. Names like Conor Sheary, Zach Aston-Reese and Adam Johnson have all turned into NHL players for the club despite not being drafted.

Unlike those forwards however, Maniscalco comes to the Penguins as a high-flying defenseman that put up 32 points in 36 games this season. The 6’2″ right-hander could potentially challenge for a role on the club next season if they make sweeping changes, or be a call-up option over the next few years.

Snapshots: Johnson, Boudreau, Hall

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The Pittsburgh Penguins were upset by the Montreal Canadiens in the qualification round, meaning they didn’t qualify for the regular 16-team Stanley Cup playoffs. That’s the first time since 2006, meaning it was easy to understand why GM Jim Rutherford wants to make some changes. What might be less easy to understand is Rutherford’s continued defense of Jack Johnson, which continued today in a piece by Josh Yohe of The Athletic.

Here’s my summary of this situation. Maybe Jack Johnson isn’t as good as I think he is. Maybe. But he’s not as bad as all of the anti-Jack Johnson people think he is. I’ll tell you what he is: He’s a solid, third-pairing defenseman if he’s playing with the right guy. He’s a player that I happen to really like and I think he’s a better player than a lot of people want to give him credit for.

Johnson has never had strong analytics behind his play, but through the first part of his career, produced consistent offensive numbers in bigger minutes. Rutherford and the Penguins signed him to a five-year, $16.25MM deal in 2018 that still has three seasons remaining. If changes are coming, it doesn’t currently look like Johnson is one, though Rutherford has been known to reconsider early-offseason comments before.

  • The Toronto Maple Leafs have an assistant coach opening beside Sheldon Keefe after Paul McFarland returned to the OHL to take over head coaching and GM duties of the Kingston Frontenacs. Speculation immediately went to former Maple Leafs player Bruce Boudreau, who is looking for work after being fired by the Minnesota Wild this season. Boudreau has long been a candidate to join the Maple Leafs given his ties to and support of the organization, and now James Mirtle of The Athletic reports that the team asked Minnesota for permission to speak with him over the last few months. Boudreau, understandably, is looking for another head coaching opportunity before considering an assistant job, but is “intrigued by the idea” according to Mirtle.
  • The Arizona Coyotes were outscored 14-2 by the Colorado Avalanche in their final two games of the postseason and now have plenty of work to do this offseason. Not only do they have Steve Sullivan quickly taking the reins as GM after the departure of John Chayka, but have a huge decision to make on the future of Taylor Hall. The 28-year-old forward is a pending free agent, and Craig Button of TSN doesn’t believe the Coyotes should even entertain re-signing him. Button explains that the Coyotes don’t have the supporting cast to justify signing Hall to an expensive, long-term contract—though he then suggests that Hall should be looking for a one-year deal with a contender to rebuild his value.

Pittsburgh Penguins Keeping 2020 Pick

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Thursday: The Penguins have now officially announced the decision, keeping their 2020 first-round pick.

Wednesday: When the Pittsburgh Penguins were eliminated from postseason contention in the qualification round and the NHL held Phase 2 of the draft lottery, GM Jim Rutherford had a decision to make. They could give the Minnesota Wild their 2020 first-round pick, which will be the 15th selection in this fall’s draft, to complete the Jason Zucker trade from earlier this season, or hand over their 2021 first-round pick instead. They had seven days to make that decision, but today Pierre LeBrun of The Athletic reports the Penguins will in fact keep the 2020 pick and give up their 2021 selection instead.

This decision does not come without risk. The 2021 selection is not protected in any way, meaning even if the pick is first-overall by way of winning the 2021 draft lottery, the Wild would still receive it. That would require the Penguins to miss the playoffs again, something that Rutherford obviously doesn’t count on doing.

It’s not the first time a team made a decision like this. The Ottawa Senators famously decided to hold onto their fourth-overall selection in 2018 and select Brady Tkachuk, giving up their 2019 pick to the Colorado Avalanche in the process. As it turned out, that pick ended up being fourth as well, which the Avalanche used to select Bowen Byram.

Obviously, with Sidney Crosby and Evgeni Malkin leading the way, the Penguins feel as though they should be contenders for the Stanley Cup every year, let alone the playoffs. That confidence is held for good reason—the Penguins had made it to the playoffs every year since 2007, Malkin’s first season.

Another interesting thing to keep an eye on might be what Rutherford does with the 2020 pick, now that he has it. 15th would be the highest selection the Penguins have made since 2012 when they picked Derrick Pouliot. If Rutherford believes he can win in 2020-21, there’s nothing stopping him from dealing this pick for some help before the October draft.

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