Vancouver Canucks Ink Nic Petan
The Vancouver Canucks have added a nice depth piece up front in forward Nic Petan. Petan has signed a one-year, two-way contract with the minimum $750K NHL salary and a substantial $450K AHL salary, per Sportsnet’s Elliotte Friedman. The slippery winger has not been a regular player in the NHL for a few years, but has 136 games of experience, stellar AHL numbers, and at 26 still has room to improve.
Petan, a 2013 second-round pick of the Winnipeg Jets, always seemed like a talented prospect who was on the verge of a breakthrough, but it never came. Petan showed flashes of ability, even recording 13 points in 54 games for the Jets in his best NHL season, but could never hold down an NHL job. When he was traded to the Toronto Maple Leafs in 2018, the hopes was that his style of play and the Leafs’ need for affordable help would be an ideal match, but it resulted only in less opportunity and fewer results.
Will Vancouver finally be the right fit for Petan? It still seems like the skilled forward has more to offer than has been seen in the NHL thus far. His AHL production is incredibly strong and he plays a slick, play-making style that should create offense no matter what level he is at. With a number of talented shooters and net front disruptors on the Canucks, perhaps Petan will be able to put his strengths to work in his new home and surprise everyone as an impact player. If not, he’s a nice depth piece all the same at a minimum salary.
Vegas Golden Knights Sign Sven Baertschi
After spending almost all of the past two season buried in the AHL by the Vancouver Canucks, Sven Baertschi is looking for a fresh start and a shot at an NHL lineup spot. He has found a taker in a Canucks division rival, the Vegas Golden Knights. The team has announced a one-year, two-way contract worth the minimum $750K. While unassuming at first glance, Baertschi’s natural skill combined with Vegas’ limited cap space makes this a fascinating reclamation project to follow.
Once an up-and-coming NHL scorer with 92 points in 190 games over a three-year span with the Canucks, Baertschi’s play began to slip two years ago and Vancouver did not hesitate to bury his contract in the minors. However, there is still a chance that he can re-discover his scoring touch on a talented Golden Knights team and hold on to a roster spot. At a minimum salary, the could make him a dangerous discount player for the team.
If not, Baertschi will at least be a veteran leader in the AHL for Vegas and a call-up option. Simply staying in North America despite interest back overseas is a testament to Baertschi’s commitment to continue playing at the highest level, even if an NHL role is not guaranteed.
Travis Hamonic Re-Signing In Vancouver
The Athletic’s Rick Dhaliwal reports that the Vancouver Canucks will be bringing back defenseman Travis Hamonic. Sportsnet’s Elliotte Friedman says it’s a two-year deal worth $3MM per season.
This always seemed like the most likely outcome for Hamonic, who has previously expressed a desire to play in western Canada and who fit in very nicely in Vancouver this past season. With the defense around him changing dramatically, Hamonic will be one of the few veteran holdovers on the Canucks blue line and with multi-year security should step further into a leadership role for the club.
More so, the 30-year-old showed this year that he still has plenty of gas left in the tank. Always a dependable two-way defender with the New York Islanders, Hamonic’s offense fizzled out during his time in Calgary. However, he recorded ten points in just 38 games with Vancouver this season, an 82-game pace of 22 points which would have been higher than any season he spent with the Flames. Hamonic was also solid defensively, contributing to the penalty kill and finishing second on the team in blocked shots while cutting down on his turnovers. The Canucks did not ask Hamonic to play major minutes this past season and that could continue, but he will still be able to make an impact for the team in key situations.
Tucker Poolman Signs With Vancouver Canucks
The Vancouver Canucks are bringing in defenseman Tucker Poolman. TSN’s Pierre LeBrun reports that Poolman has signed a four-year, $10MM deal with the club, moving on after four seasons with the Winnipeg Jets to begin his NHL career.
This may be one of the more surprising contracts of the day thus far, as Poolman has been viewed as little more than a depth option in his short pro career. A standout at the University of North Dakota, Poolman was a major point producer in the NCAA but it helped that he played until he was 24. In four years since, he has just 19 points in 120 games and struggled to earn an elevated role in Winnipeg. He spent an entire season exclusively in the AHL and has never played more than 57 NHL games in a season.
The Canucks see something in the 28-year-old though. Poolman has good size and contributes in all three zones, but to this point has not excelled at any one aspect. The team seems willing to commit long term and put him in a concrete starting role in hopes that he can take than next step given more responsibility.
Brandon Sutter Expected To Re-Sign In Vancouver
Per TSN’s Bob McKenzie, Vancouver Canucks forward Brandon Sutter is expected to re-sign with the team when free agency opens. McKenzie expects a one-year deal for the veteran forward. The Athletic’s Thomas Drance reports that the deal is worth $1.125MM.
Sutter’s a seasoned veteran, but he’s seriously struggled to stay healthy. The last time Sutter played a full season was 2016-17 where he played in 81 contests. Since that season, Sutter’s topped 10 goals and 20 points just once in a single season. He had a bit of a goal-scoring rebound last season, potting nine markers in 43 games, but tallied only three assists for 12 points. He’s also seen his ice time steadily deteriorate over recent years, now largely serving in a third- or fourth-line role.
A veteran of 770 NHL games, Sutter will return to a Vancouver Canucks forward core that’s been rejuvenated this offseason. With some free agent turnover in depth spots, both Conor Garland and Jason Dickinson will be injected into the Canucks’ offense. And with Dickinson’s acquisition, Sutter will either serve as a right-winger for Dickinson on the third line or as the team’s fourth-line center. Sutter’s health could be a rather key piece for a Canucks roster that’s fighting to get back into the playoff picture.
Canucks Expected To Sign Jaroslav Halak And Brad Hunt
The Canucks appear to have found their replacement for Braden Holtby who will officially be bought out later today. ESPN’s Kevin Weekes reports (Twitter link) that Jaroslav Halak is expected to sign a one-year, $1.5MM deal with Vancouver; the contract will also contain $1.5MM in performance bonuses. Meanwhile, CHEK’s Rick Dhaliwal adds (via Twitter) that they will be signing defenseman Brad Hunt.
Halak had spent the past three seasons with Boston but had decided earlier this month that he’d be moving on. The 36-year-old suited up in 19 games with the Bruins last season, posting a 2.52 GAA with a .905 SV% but had been relegated to third-string status with Jeremy Swayman impressing down the stretch. He will be tasked with serving as a veteran mentor for Thatcher Demko but his track record is strong enough to push for playing time should Demko falter as well. The inclusion of bonuses in the deal will give Vancouver a bit more short-term flexibility as they could use the bonus cushion and ultimately defer some of the costs to next season.
As for Hunt, he has been a role player with the Wild for the past three seasons. He had an impressive campaign offensively in 2019-20 with eight goals and 11 assists in 59 games but he was limited to just a dozen appearances with Minnesota last season. The 32-year-old will likely have a similar role as he did with the Wild, serving as a reserve defender that can step in when injuries arise or when the power play needs a boost.
Jets Acquire Nate Schmidt
While it was believed that Nate Schmidt wasn’t keen on being traded to the Jets, he had a change of heart as on Tuesday, he waived his no-trade clause to be traded to Winnipeg with the Canucks receiving the Jets’ third-round pick in 2022 in return. Both teams have announced the trade.
Schmidt was acquired from Vegas last fall early in free agency with the Golden Knights needing to free up cap space to facilitate the signing of Alex Pietrangelo. The return in that deal was a 2022 third-round selection which means Vancouver was basically able to get a free year out of Schmidt when the two moves are combined.
Unfortunately, that free season wasn’t a great one for the 30-year-old. While he fit in quite well in Vegas, that wasn’t the case in Vancouver as Schmidt struggled for most of the year. His offensive production was cut in half from the previous year from 31 to 15 points despite playing in nearly the same number of games and that was hardly the return they were expecting from someone that carries a $5.95MM cap hit. Those struggles likely played a role in Vancouver swinging a deal for Oliver Ekman-Larsson over the weekend, a move that sealed Schmidt’s fate as being someone that was about to be on the move again.
Meanwhile, Winnipeg makes their second notable defensive addition in as many days after acquiring Brenden Dillon from Washington on Monday. The Jets were hit hard two years ago with several blueliners leaving for no return in Ben Chiarot and Tyler Myers (free agency), the injury and subsequent retirement of Dustin Byfuglien, while Jacob Trouba was traded to the Rangers in a deal that netted Neal Pionk, a move that has worked out well for them thus far. Even so, the only defensive addition of note prior to these two moves was Dylan DeMelo so there was work that needed to be done.
This addition, coupled with Dillon’s pickup, gives Winnipeg much more depth on the back end as the two could possibly form their second pairing behind Pionk and Josh Morrissey for next season while pushing DeMelo down to the third pairing. All of a sudden, a position that was their biggest weakness looks a lot stronger.
With these moves – Winnipeg is picking up the full contract for Schmidt per Pierre LeBrun of TSN and The Athletic (Twitter link) – that should be it for additions on their back end. GM Kevin Cheveldayoff will have a little over $7MM in cap room remaining (excluding Bryan Little‘s LTIR-bound contract which carries a $5.291MM AAV) with Pionk, Logan Stanley, and Andrew Copp needing new contracts. They’ll need to dip into that LTIR pool to get those deals done.
Meanwhile, Vancouver has freed up $9.75MM in cap room today with this swap and the Braden Holtby buyout. The Canucks still have Elias Pettersson and Quinn Hughes among those in need of new contracts but they’ll have roughly $25MM in cap room, giving them enough flexibility to try to make another big splash over the coming days.
TSN’s Darren Dreger was the first to report that Schmidt had agreed to the trade. PuckPedia was the first to report that Winnipeg’s pick, not their other selection from Columbus (previously acquired) was going to Vancouver.
Photo courtesy of USA Today Sports Images. Cap and contract information courtesy of CapFriendly.
Conor Garland Signs With Vancouver Canucks
The Vancouver Canucks have inked newcomer Conor Garland to a five-year deal that will carry an average annual value of $4.95MM. The young forward was recently acquired from the Arizona Coyotes and was an arbitration-eligible restricted free agent. Canucks GM Jim Benning released a short statement on the deal:
We’re pleased to have reached a long-term deal with Conor today. He’s a skilled young player, who plays hard, produces offensively and will complement our top-six forward group.
PuckPedia provides the full contract breakdown, which does not include any trade protection:
- 2021-22: $3.75MM
- 2022-23: $4.0MM
- 2023-24: $6.0MM
- 2024-25: $6.0MM
- 2025-26: $5.0MM
It’s hard to imagine the Coyotes couldn’t have afforded this contract for Garland, which buys out three UFA seasons at a pretty reasonable price. Instead, they used Garland’s upside as a way to get out of Oliver Ekman-Larsson‘s contract, all for the benefit of the Canucks. The 25-year-old has been the most important forward in Arizona for the last two years, registering 39 points in just 49 games this season. Shifty, creative and skilled, the 5’10” Garland should step directly into the Canucks’ top-six and make an impact offensively.
For just under $5MM, the Canucks can’t afford him to take a step backward, given how much other money they’ll have to commit elsewhere. This is the player they’ve decided to invest in, as a good chunk of their remaining camp space will be owed to Elias Pettersson and Quinn Hughes, both restricted free agents waiting on new contracts. If the team can get a deal done to send Nate Schmidt packing they’ll have a little more to spend, but there are legitimate depth issues all over the roster that need to be filled as well.
So Garland is the play, and he’s certainly a good one to bet on right now. He not only excelled with increased responsibility in Arizona, but then went and dominated at the recent World Championships as part of Team USA. In ten games, he scored six goals and 13 points, trailing only Connor Brown in tournament scoring.
Photo courtesy of USA Today Sports Images
Vancouver Canucks Expected To Buy Out Braden Holtby
Another goaltender is set to hit the free agent market, as Rick Dhaliwal of CHEK TV reports that the Vancouver Canucks will buy out Braden Holtby today. Today is the last day a player could be placed on waivers for the purpose of a buyout during this first window. Holtby has one year remaining on his contract and carries a $4.3MM cap hit. With a buyout, the Canucks would clear $3.8MM of that cap this season, and incur penalties of the following:
- 2021-22: $500K
- 2022-23: $1.9MM
Holtby, 31, never did find his groove in Vancouver, posting a 7-11-3 record and .889 save percentage in 21 appearances. It’s obvious that the Canucks want to move even further toward Thatcher Demko as their full-time starter, and clearing some cap off the books this year will help fit in new contracts for Quinn Hughes and Elias Pettersson. It’s been two straight seasons of sub-.900 save percentage for Holtby, who will now be on the open market once again looking for work.
There had been some reported interest in the veteran goaltender recently, but the Canucks were obviously unable to find a trade partner before today’s buyout deadline. He now becomes a potential value add as a free agent, if a contending team is willing to bet on a bounce back. Given he’s losing just $1.9MM of the $5.7MM that was owed to him this year, it would seem logical that a team could get him around that price.
The question now is whether Holtby can get back to the level he was at a few years ago. In 2016, he won the Vezina Trophy as the league’s best goaltender, posting an incredible 48-9-7 record with the Washington Capitals. The following season he led the league again with 42 wins and nine shutouts, taking home the Jennings Trophy as the goaltender for the team with the lowest goals-against average. He finished second in the Vezina voting that year, but has not received a single vote for the award since.
It’s hard to overlook his recent struggles, but also difficult to forget how dominant Holtby was at one point in his career. Even after these two brutal years, he still has a .915 save percentage for his 489-game career. In the playoffs, he’s been even better, posting a .926 in 97 appearances, winning the Stanley Cup in 2018 with the Capitals.
Vancouver Canucks To Buy Out Jake Virtanen
July 26: Virtanen has cleared waivers and will be bought out.
July 25: The Vancouver Canucks have placed Jake Virtanen on unconditional waivers for the purpose of a buyout. Because he is still just 24, the Canucks will be on the hook for just one-third of Virtanen’s remaining salary. That means the team will face a buyout penalty of $50K in 2021-22 and $500K in 2022-23. Tomorrow, when the buyout is executed, Virtanen will be an unrestricted free agent.
After scoring 18 goals in 69 games for the Canucks during the 2019-20 season, Virtanen completely fell off a cliff this year. He registered just five goals and zero assists in 38 games, essentially playing himself completely out of Vancouver’s plans. It wasn’t the first time he’d disappointed management, as Canucks GM Jim Benning was open about how he “expected more” from the young power forward in last year’s playoff bubble.
Importantly, Virtanen’s on-ice play warranted this buyout, but the Canucks are also washing their hands of a player embroiled in off-ice scandal. Earlier this summer, a civil lawsuit was filed in Kelowna, British Columbia, alleging Virtanen sexually assaulted a woman in 2017. On May 1, the Canucks placed Virtanen on leave from the team, releasing this statement:
We have become aware of the concerning allegations made about Jake Virtanen. Our organization does not accept sexual misconduct of any kind and the claims as reported are being treated very seriously by us.
We have engaged external expertise to assist in an independent investigation and we have placed the player on leave as we await more information.
The results of that investigation have not been released. Virtanen has since responded to the civil court filing, denying the allegations.
After 317 games in the NHL, the sixth-overall pick from 2014 has scored 55 goals and 100 points. There have been flashes of brilliance, using his size and speed to create scoring opportunities seemingly at a whim. There have also been long stretches of inconsistency, during which Virtanen provides very little value to the team at either end of the rink. With the Canucks recently bringing in a cap hit like Oliver Ekman-Larsson and a top-six forward like Conor Garland, there was simply no room for Virtanen or his $2.55MM cap hit in Vancouver.