Canucks Notes: Cap Space, Virtanen, Holtby
With a little over $15MM in cap space per CapFriendly, it might appear that the Canucks have ample cap space but once you factor in the new deals for pending RFAs Quinn Hughes and Elias Pettersson, that cushion goes away quickly. Accordingly, GM Jim Benning acknowledged today to Patrick Johnston of the Vancouver Province that he is “trying to move some money”. If Vancouver hopes to add an impact player to their roster, clearing away a contract will be necessary to do so. Defenseman Nate Schmidt has been speculated as a trade candidate for the past several weeks and carries a $5.95MM cap hit for four more years and certainly appears as if he’d be someone that they’d be dangling to free up cap room after a tough first season with the team.
More from Vancouver:
- In a separate interview, this time with Sportsnet’s Iain MacIntyre, Benning indicated that they aren’t ruling out a buyout of winger Jake Virtanen, saying it’s “too early to say”. The window to buy someone out before expansion has closed but waivers will be permitted on the 22nd, allowing for enough time to go through that process before the first window closes on the 27th; there is a second window that could open up as well based on arbitration filings. Virtanen had a tough year on the ice with just five goals in 38 games, hardly the type of return that’s worthy of a $2.55MM AAV. Buying out Virtanen would only carry a $50K cap charge next season which would give Benning some cap flexibility to work with.
- Some teams are showing interest in goaltender Braden Holtby, report Thomas Drance and Rick Dhaliwal of The Athletic (subscription link). The veteran had a disappointing first season in Vancouver, posting a career-worst 3.69 GAA along with a .889 SV% in 21 games this past season so teams would undoubtedly be viewing him as a bounce-back candidate for a low acquisition price. Holtby has one year left on his deal with a $4.3MM AAV but a $5.7MM salary so some form of retention will likely be required to facilitate a trade.
Alexander Edler Expected To Test Free Agency
The Vancouver Canucks could soon part ways with one of their franchise icons. Alexander Edler will test the free agent market, his agent Mark Stowe told Rick Dhaliwal of CHEK TV. Edler has played his entire 925-game career in Vancouver.
While this could just be a negotiating tactic from Edler’s representatives, the two sides may also just be ready to move on. Now 35, Edler’s role with the Canucks this season was diminished, receiving almost no powerplay work as Quinn Hughes and Nate Schmidt quarterbacked the two units. His even-strength ice time ranked fifth among Canucks defensemen, though his short-handed role was still necessary.
Stowe explained that this is likely the last time Edler really has the chance to test the market given his age, hinting that he perhaps is looking for a multi-year deal to finish his career. There may still be a spot for him around the league, but with age has come a drastic decline in effectiveness for Edler as well.
At one point, the smooth-skating defenseman could glide around the ice effortlessly, shutting down rushes and jumping into the offense whenever needed. He formed quite a dynamic triangle with Daniel Sedin and Henrik Sedin whenever on the ice together, leading to 13 straight seasons of at least 20 points. That skating stride has slowed, however, and Edler was exposed at times this season to some of the speed and skill in the league. While perhaps not as bad as his tough defensive deployment made him look this year, there’s certainly no guarantee he can handle top-four minutes at this point in his career.
For the Canucks, it was never likely that they could bring Edler back on anything close to the $6MM he has earned in each of the last two seasons. The team needs that cap space for Elias Pettersson and Hughes extensions as both young stars reach restricted free agency. If Edler wants one last payday, it likely wasn’t going to come in Vancouver.
Trade Rumors: Tarasenko, Buchnevich, Schmidt, Predators
It is well-known by now that St. Louis Blues star Vladimir Tarasenko has requested a trade, but the extent to which he will go to make sure that request is honored may still be a surprise. Unlike other standout players with trade protection who simultaneously demand a trade while holding their team hostage with a limited list of acceptable destinations, Tarasenko is reportedly taking an “anywhere but St. Louis” approach. The Athletic’s Arthur Staple writes that Tarasenko, who has a full No-Trade Clause in his contract, has nevertheless provided the Blues with a considerable list of teams that he would be amenable to ending up with. Per multiple sources, Staple relays that the length of the list is “double-digits at least”. One team that is known to be on Tarasenko’s list of preferred destinations are the New York Islanders, though the salary cap implications would be tricky for such a deal. It is unknown if other teams who have checked in – the Boston Bruins, Edmonton Oilers, New York Rangers, and Washington Capitals – are also on the list, but the odds are in their favor. One way or another, Tarasenko will be dealt, putting an end to an injury saga that was only resolved once Tarasenko went outside the organization to repair his shoulder. He should be fully healthy moving forward, but with some doubt and a hefty contract, there is some concern about what the Blues will recoup in a trade, if anything. Some have speculated that they may need to attach their first-round pick in order to move the pricey veteran, while others believe he will be exposed in the Expansion Draft in hopes that the Seattle Kraken take him for free instead.
- While it is unclear exactly why, it has become obvious that Pavel Buchnevich‘s name is being floated on the rumor mill. The Athletic’s Rick Carpiniello confirms as much, but does not know the source. This could be a case of teams simply making calls to the New York Rangers about Buchnevich following a career year, creating the illusion that he is available for trade whether the team is taking those offers seriously or not. However, there is also a good chance that the Rangers are at least actively listening or even shopping Buchnevich. The 26-year-old winger has improved significantly in each of the past two years since signing his last contract with the Rangers. Now he is a restricted free agent with arbitration rights and the ammunition to command a sizeable pay raise. With more depth on the wing than at center, including top picks Alexis Lafreniere and Kaapo Kakko, New York could choose to save the cap space for improving the center position, especially if Buchnevich can help to accomplish that goal as part of a trade. Carpiniello also notes that the Rangers have a number of young standouts who will require expensive extensions this summer and in the coming years and the team could be hesitant to let Buchnevich’s deal get in the way. Of course, this is all still speculation, but for whatever reason Buchnevich’s name is out there.
- It was reported last week that the Vancouver Canucks and defenseman Nate Schmidt could be heading for a split this summer after a less than inspiring first season. However, the team has since publicly denied any talks to trading Schmidt. Nevertheless, Daily Faceoff’s Frank Seravalli still debuted Schmidt at No. 12 on his Trade Targets board and believes that there is something to the rumors. Schmidt was not a good fit in Vancouver this season but still has value in the eyes of teams across the league; he appears to want to maintain that value by leaving the Canucks. Vancouver likely does not want to give up leverage by admitting that their is a mutual desire for a move, but could very much use his cap space.
- The NHL Expansion Draft allows flexibility with protection schemes, offering teams the ability to protect seven forwards and three defensemen or, in the event that there is a fourth defensemen worth more than protecting three additional forwards, the eight-skater approach. However, there is not much a team can do when they want to protect five defenseman (unless they somehow feel they can afford to only protect three forwards.) The Nashville Predators appear to be facing this conundrum. Earlier in the season, the team entertained trading Mattias Ekholm because it was assumed they wanted to protect Roman Josi, Ryan Ellis, and Dante Fabbro and seven forwards in the upcoming Expansion Draft. However, once the team began to improve and Ekholm was not moved before the Trade Deadline, it then became more likely that they would go with eight skaters instead, keeping all four defensemen. The late-season breakout of Alexandre Carrier threw a wrench in those plans though. The 24-year-old Carrier outplayed and ultimately took the job of the 23-old Fabbro and now the Predators do not want to lose either for nothing to the Seattle Kraken. It has previously been reported that Nashville is trying to construct a side deal with Seattle that would see the NHL’s newest team take a player of the Predators’ choosing with an additional cost, rather than having an open selection of all exposed players. However, TSN’s Pierre LeBrun reports that in the even such a deal cannot be reached, the Predators will try to trade one of their top five defenders. LeBrun believes it will be one trade route or the other; Nashville will not protect all five defensemen.
Mikael Granlund Is Option For Canucks In Free Agency
- As the Vancouver Canucks look to return to playoff contention, The Athletic’s Harman Dayal lists Mikael Granlund as an option for a third-line center in British Columbia. It might be a logical fit, considering Vancouver’s need a more offensively-inclined piece to revitalize their depth in the bottom-six. Granlund could also be swayed by the opinion of his younger brother, Markus Granlund, who played 215 games over four seasons for the Canucks organization. Having Granlund serve as an impact player against lesser competition could help him improve on his point totals and return to his 40-plus-point seasons of years past.
Nate Schmidt, Vancouver Canucks Could Part Ways
- Nate Schmidt was supposed to arrive in Vancouver and help solidify their defense corps this season, but ended up posting his worst offensive season since 2014-15. The 29-year-old recorded just 15 points in 54 games and now is hoping for a change in scenery for next year. Elliotte Friedman of Sportsnet spoke about how both the Canucks and Schmidt know “it’s not a perfect match” and that the two sides will work together to try to find a solution. Of course, that’s easier said than done given that Schmidt is still signed for four more years at a $5.95MM cap hit, making him an expensive gamble for any acquiring team. He also holds a 10-team no-trade clause and saw his metrics fall basically across the board this season.
Vancouver Canucks Targeting Center With No. 9 Pick
The Vancouver Canucks have a number of talented young forwards on the roster and in the pipeline, but outside of Elias Pettersson they have very few at the center position. After a deep playoff run last season, Vancouver expected to continue as a contender for years to come. Instead, they took a major step back this season. The thin silver lining is that they have the opportunity to address their greatest prospect need with a top ten pick – and plan to do just that.
In his first round mock draft, The Athletic’s Scott Wheeler also included some hints from league sources that influenced his decisions. The most detailed report pertained to the Canucks and their hopes for the No. 9 overall pick. Wheeler writes that the Canucks are expected to take one of William Eklund, Mason McTavish, or Kent Johnson with the selection, assuming at least one is still available. While all three have played wing as well in their young careers, they are primarily considered centers and Johnson and McTavish are largely expected to stick at center at the pro level.
In Wheeler’s mock, he has Eklund – the consensus top player of the group – and McTavish already off the board by the time Vancouver picks. However, that shouldn’t be a problem. Wheeler believes that Johnson, the most natural center of the group, is considered to be the Canucks’ top choice for their pick. Johnson may need to fill out his frame and work on his physical compete level, but his talent is obvious. The University of Michigan is natural puck-mover and play-maker with some of the best puck skills in the draft class to go with smooth skating and great vision. Once Johnson grows into his frame and develops more two-way sense, he should be a perfect fit down the middle. If he falls to Vancouver, Wheeler notes it would be another instance of an incredibly skilled but lanky, physically immatures player going later than he probably should to the good fortune of the Canucks. It worked out nicely with Pettersson and the team would not hesitate to take the chance again.
If Johnson is gone by No. 9, as are Eklund and McTavish, the Canucks could still target the center position with U.S. National Team Development Program standout Chaz Lucius, another versatile forward who could line up down the middle in Cole Sillinger, or a natural center and preseason top pick candidate Aatu Raty. The team will have plenty of options to address their biggest development need in the first round, before addressing their current roster over the rest of the off-season.
West Notes: Kaprizov, Fiala, Pettersson, Harvey
There’s been a fair amount of news breaking in the Western Conference lately. Whether it’s Ryan Nugent-Hopkins‘ and Joel Eriksson Ek‘s eight-year extensions, the Viktor Arvidsson trade, or the Duncan Keith drama, this past week has given fans of Western teams more than enough to chew on. That hasn’t changed today, as there have been many tidbits of information floating around the hockey sphere. Following up on some extensive rumors from last month, NHL.com independent correspondent Jessi Pierce reports that the Minnesota Wild and Kirill Kaprizov are set to resume contract negotiations next week. Minnesota and general manager Bill Guerin come into this set of negotiations with a much better idea of their salary cap situation after devoting $5.25MM per season to Eriksson Ek on Friday. With some more cost certainty in hand, Guerin can come forward with some more solid offers to Kaprizov and his agent to give him a more realistic idea of their options. Guerin, who is “confident [they’ll] get a deal done at some point,” now has just $16.8MM in space to offer to Kaprizov, Kevin Fiala, and any other free agents he’ll sign to fill out the roster.
- As a subset to that story, The Athletic’s Michael Russo is additionally reporting that contract talks with Fiala’s agent have now initiated. Guerin now finds himself in a unique position of negotiating the contracts of arguably his two best forwards simultaneously. With limited room to work with, it’s likely that one of Kaprizov or Fiala will have to take a bridge deal with a lower cap hit in order to give Guerin flexibility to add in free agency. Considering some previous Kaprizov rumors, it’s likely that the Russian forward will likely end up with that bridge deal. Guerin and Fiala’s camp are in a position to sign a contract similar to Eriksson Ek’s, exchanging some money up front in exchange for term and certainty for both sides.
- Another young forward, Vancouver Canucks center Elias Pettersson, is also a pending restricted free agent in need of a new deal. Pettersson’s situation is slightly different, however, having played in just 26 games this past season due to injury. After reports from last month that the Canucks may want to sign Pettersson to a shorter-term deal, The Province’s Ben Kuzma reports today that Pettersson’s camp could opt for a short-term deal as well. Drawing on Brock Boeser‘s three-year, $17.625MM ($5.875MM cap hit) contract signed prior to 2019-20 as a comparable, a short-term deal could open the door for general manager Jim Benning to offer a much longer-term deal to another RFA in defender Quinn Hughes.
- The Canucks find themselves on here twice today after The Province’s Patrick Johnston reported that they’ve promoted Todd Harvey to be the team’s director of amateur scouting. Former director Judd Brackett departed the team prior to 2020-21 to accept the same role with the Wild, meaning that the Canucks have left the position vacant from then until now. Harvey, who’s served as an amateur scout for the team since the 2017-18 season, had effectively taken on Brackett’s role since his departure anyways. Harvey’s last NHL season was with the Stanley Cup Finalist 2005-06 Edmonton Oilers, and after a few seasons playing senior hockey, stepped away from the game until returning as an assistant coach for the OHL’s Guelph Storm in 2013. Harvey will be tasked with adding to a prospect pool that’s largely been drained in recent years with the graduation of players like Pettersson and Thatcher Demko.
All contract information courtesy of CapFriendly.
Finding A Match For A Duncan Keith Trade
Yesterday, a report from Sportsnet’s Elliotte Friedman indicated that the Blackhawks are working with defenseman Duncan Keith on a trade that would send him to either the Pacific Northwest or Western Canada. The move is speculated to be for family reasons which would explain the specific geographical region where he’d waive his no-move clause to go to. With that in mind, let’s look at the potential fit for each of those teams to take on the final two years of his deal ($5.538MM both years but just $3.6MM in total salary combined).
Vancouver – With Alex Edler set to become an unrestricted free agent at the end of the month, there is a potential spot for Keith to step into if Edler doesn’t re-sign while it would shift Nate Schmidt back to his off-side. Although the Canucks don’t have the cap space to absorb Keith’s contract outright, they have some expiring contracts (Loui Eriksson, Jay Beagle, and Antoine Roussel) that could be used as offsets to make the money work this year. He’d also be a mentor for top youngster Quinn Hughes.
However, bringing in Keith would also put another roadblock in place for two of their young left-shot blueliners in Olli Juolevi and Jack Rathbone. Juolevi was able to carve out a limited role last season but more is expected from the fifth overall pick in 2016. As for Rathbone, he didn’t look out of place in a late-season stint and could be in the mix for a full-time spot in training camp. Developing some cost-controlled assets will help offset the big money owed to Hughes and Elias Pettersson this summer and Brock Boeser next summer.
It’s potentially for those reasons that they don’t appear to be interested in acquiring Keith at the moment. There are ways to make the money work for 2021-22 but 2022-23 could be a lot trickier and if they want to let Juolevi and Rathbone see some more NHL action, adding Keith would make that more difficult.
Edmonton – The early indications are that Oscar Klefbom ($4.167MM) may not be ready to return at the start of next season so he could be heading for LTIR once again. Last fall, they used that money on Tyson Barrie but they could have to go in a different direction if Barrie prices himself out of what the Oilers can afford. Theoretically, Keith could fill that same role next year although if Klefbom can return later in the year, that would complicate things.
Behind Darnell Nurse, there are few proven options on the left side of Edmonton’s back end. Caleb Jones and William Lagesson have both had their ups and downs to this point in their young careers while Kris Russell is a third-pairing role player at best. Dmitry Kulikov and Slater Koekkoek will both become unrestricted free agents later this month as well. They have high hopes for Philip Broberg, the eighth pick back in 2019, but he probably isn’t ready to step into a top-four role either. Keith could presumably serve as the bridge player for Broberg.
Edmonton also has some pricey contracts that could be moved to offset money. Winger James Neal has two years left at $5.75MM, nearly the same as Keith while goaltender Mikko Koskinen has one year at $4.5MM remaining. Both are buyout candidates as a result and could be included to balance the cap. With the state of their back end, a veteran that can play on the left side of the second pairing could be a useful pickup and Keith could conceivably fill that role.
Calgary – At first glance, there doesn’t appear to be a great fit. The Flames have their top four defenders signed for next year at a cost of $20.75MM. While Keith on the third pairing would certainly improve their depth, paying more than $5MM for the privilege is something they can’t realistically afford.
However, expansion is looming and Calgary appears to be a team that will need to protect seven forwards which means one of their top four blueliners – likely Mark Giordano – will be left exposed to Seattle. It wouldn’t be surprising at all to see the Kraken take on the final year of Giordano’s contract which would create an opening in the top four and $6.75MM in cap space. That could be an opening for Keith but otherwise, the Flames shouldn’t be the landing spot.
Seattle – For the Kraken to pick him in expansion, Keith would first have to waive his no-move clause. Considering his apparent desire to be in the Pacific Northwest, that shouldn’t be an issue. What will be trickier is finding the fit for a trade. Does Seattle want to take on that contract outright or are they going to want some sort of sweetener or salary offset? The latter can’t really happen until after the expansion draft when they’ll have players to trade which would take picking him off the table.
Those small logistics aside, Keith would certainly be an intriguing fit for an expansion team. There’s a chance he’d wind up in a bigger role than he should have (he turns 38 later this month) but he’s also someone that would potentially be their inaugural captain and help shepherd their roster through what will certainly be an interesting first couple of years. If they take a defenseman with their second-overall pick this month and put him on the NHL roster, Keith would work as a good mentor as well. Generally, players that old don’t make sense for a new team but there’s a fit here.
With such a narrow window of teams to work with (Winnipeg is too far East to qualify as part of Western Canada), Chicago and Keith’s camp will have their work cut out for them. Of the four, Edmonton may be the best fit before expansion while Calgary could become an option after that depending on what happens. And with their clean cap situation, Seattle could be in the mix at any time as well. There are options but likely not enough for the Blackhawks to bring in any sort of sizable return for the 16-year veteran.
Vancouver Canucks Not A Destination For Chicago's Duncan Keith
Information is flowing fast after today’s reports that the Chicago Blackhawks are looking for trade options for longtime defender Duncan Keith. A veteran of almost 1,200 NHL games, all with the Blackhawks, he’s entered a steep decline since finishing fourth in Norris voting in 2016-17. Keith’s still been forced to play upwards of 23 minutes a night due to Chicago’s lack of defensive depth, and it’s hurt both his offensive and defensive numbers significantly. He posted a career-low 15 points this season along with some of the worst possession metrics of his career. With two more seasons left at $5.5MM, Chicago is antsy to get out of the deal as soon as they can. With Elliotte Friedman’s reports today that a potential destination is likely in the Pacific Northwest or Western Canada, combined with the fact that Keith has a residence in Penticton, British Columbia, many pointed to the Vancouver Canucks as a suitor for the 37-year-old. The Athletic’s Rick Dhaliwal is now reporting, however, that the Canucks haven’t shown interest in Keith and won’t make any efforts to acquire him. Taking on more salary is understandably tough for Vancouver right now, who still have Elias Pettersson and Quinn Hughes to sign to new contracts this offseason.
Negotiation Notes: Larsson, Andersen, Makar, Canucks
After locking up Ryan Nugent-Hopkins to a long-term deal earlier today, the Edmonton Oilers will next turn their attention to reaching a new deal with defenseman Adam Larsson. According to TSN’s Darren Dreger in the latest edition of “Insider Trading“, that is more of a “when” than an “if” at the is point. Dreger states that the two sides are already close to a new deal and “in the final stretch” of negotiations. He expects that an extension will be reached soon. For Expansion Draft purposes, soon may not be until later next month, but a handshake agreement will do in the meantime. Larsson, 28, is one of the more stable defensemen in the NHL. If the defensive-minded right-shooter hit the open market, he would draw plenty of attention, but like Nugent-Hopkins, Larsson appears willing to settle on a deal to keep him in Edmonton with reigning Hart Trophy winners Connor McDavid and Leon Draisaitl. So really, with RNH signed and Larsson not far behind, the Oilers may actually be focusing on external negotiations already, as Dreger notes they must add a goalie and complementary scoring forwards this summer.
- It may come as a surprise following a career-worst season, but there is mutual interest in an extension between the Toronto Maple Leafs and goaltender Frederik Andersen. TSN’s Pierre LeBrun reports that agent Claude Lemieux recently met with the Maple Leafs’ brass and both sides expressed interest in a new deal, perhaps to the surprise of both. Andersen is likely not keen to enter the open market after a down year (and really many years of slow decline) when he could instead stay in familiar territory in Toronto. The Leafs also need a netminder this off-season and may be content to stick with Andersen, despite his struggles, given the play of Jack Campbell this season. LeBrun does point out that Toronto has told Andersen’s camp that he would be sharing the net with Campbell, potentially even starting out at less than 50% of starts, but Andersen is reportedly open to that arrangement.
- Every year there is the threat of offer sheets and every year it never happens, but LeBrun notes that rumblings around the league are that Colorado Avalanche star Cale Makar could be the prime candidate this summer. With the Avalanche needing to extend the First Team All-Star as well as captain Gabriel Landeskog, starting goaltender Philipp Grubauer, and top-six forward Brandon Saad, all while saving room to extend superstar Nathan MacKinnon and replace several impending UFA’s next summer, cap space is tight in Denver. If another team swooped in with an offer that Makar couldn’t refuse, it might just be too much of a handicap for the Avs. Doubtful, but possible. Colorado can eliminate the risk of an offer sheet to their young phenom if they can lock Makar up before the market opens on July 28.
- The Vancouver Canucks are already hard at work on extension for arguably their two most important players, defenseman Quinn Hughes and center Elias Pettersson. The pair of restricted free agents are centerpiece players for the Canucks and the team will whatever it takes to keep them around as long as possible. Dreger notes that GM Jim Benning and company are meeting again this week with agents from CAA Sports, who represent both young stars. A number of possibilities are on the table for both players, including a three-year bridge deal for Pettersson in the same vein as the recent contracts of Mathew Barzal and Brayden Point. However, it seems like long-term is the ideal goal. Pettersson is reportedly open to a long-term deal like that of Mikko Rantanen, while Hughes has explored contracts with terms between four and six years.