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Linden Vey Signs One-Year Deal With Flames

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According to Dean Molberg of Sportsnet 960 in Calgary, the Flames have signed former Vancouver Canuck Linden Vey to a one-year, two-way deal.  Vey played half the season last year in the NHL, scoring four goals and 15 points. The 24-year old became a free agent when the Canucks chose to not give him a qualifying offer last month.

Vey has shown an ability to produce points at the AHL level but hasn’t quite established himself as an NHL player to date. In 2014-15, he played 75 games with the Canucks and contributed 24 points, a solid effort for a 23-year old, but hasn’t shown enough consistency in the defensive zone to be relied upon.

The Flames will take a shot at developing him into the scoring threat many believed Vey would become after a tremendous junior campaign in 2010-11 that saw the Saskatchewan native put up 116 points in just 69 games, albeit as an over-aged player.

Pacific Notes: Oilers, Kings, Canucks

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The Oilers trade for Adam Larsson was not well received in many parts of the hockey world, and TSN’s Travis Yost writes that just getting Larsson was not enough for Taylor Hall. Outside of opining that Larsson might not be as good as the Oilers think, he notes that the Devils were often better with Larsson on the bench. However, Yost also points out that Oilers bench boss Todd McLellan could do wonders for the young d-man by employing a “friendly two-way approach.” Yost provides a number of statistical defenses as to why Larsson may not be as bad as many think, but he concludes by indicating that Hall was more valuable than just a one for one trade for Larsson.

  • The Los Angeles Kings are one of six teams that have been very quiet this offseason writes Puck Daddy’s Greg Wyshynski. Despite signing Teddy Purcell, and Tom Gilbert, Wyshynski notes that the Kings are in need of a left wing after losing Milan Lucic to Edmonton and they have little cap room to spare. Wyshynski wonders if the Kings can move Dustin Brown, who was recently stripped of the captaincy. The cap concerns are troubling since Tyler Toffoli and Tanner Pearson are both due raises after next season.
  • Ben Kuzma writes that Canucks winger Jake Virtanen has to put on his “big boy pants” and plunge into the crowded rink filled with forwards. Kuzma writes how Virtanen has a number of different hurdles to clear, one of which includes impressing new assistant coach Doug Jarvis, who’s in charge of forwards and the power play. Kuzma insists that Virtanen possesses the skills to make an impact on the Canucks roster, but that his maturity last season suffered when his “attention span would waver or his conditioning wasn’t where it should be.” Virtanen had 13 points (7-6) in 55 games.

The Signing Bonus: Rise Of The Buyout-Proof Contract

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The life of an NHL agent is tough. As the league continues to tweak (or totally overhaul) their CBA each few seasons, changing contract regulations and offering teams different ways of structuring deals, agents are always trying to find ways to circumvent them and get the best offers for their clients.

With teams becoming more and more willing to use buyouts to rid themselves of the horrible contracts that they sign on July 1st – famously a day of simultaneous excitement and regret – agents around the league needed to find a way to protect their clients from losing out on a third (or sometimes two-thirds) of the salary the sides agreed on.

The most recent buyout window, which lasted from June 15th to 30th, saw a dozen NHL players bought out, including household names like Thomas Vanek and Dennis Seidenberg. While some fans may see this as an opportunity for a player to earn two contracts at the same time – Vanek was signed on by Detroit for $2.6MM on July 1st, more than the $1.5MM he surrendered in his buyout – most take it as a personal slight, an indictment of their play or character. Regardless, agents continue to try and secure guarantees for their clients, instead of leaving the power in the hands of the league’s general managers.

Enter the signing bonus, this summer’s contract-du-jour. All across the league, big name free agents have inked deals that will see them paid almost entirely in signing bonuses, with very little actual salary being given out each season.  Take Loui Eriksson for instance:

2016-17 – Salary: $1MM, Bonus: $7MM
2017-18 – Salary: $1MM, Bonus: $7MM
2018-19 – Salary: $1MM, Bonus: $6MM
2019-20 – Salary: $1MM, Bonus: $4MM
2020-21 – Salary: $1MM, Bonus: $3MM
2021-22 – Salary: $3MM, Bonus: $1MM

While Eriksson’s cap-hit sits at $6MM per year, he’ll make more than that in bonuses alone each of the next three seasons. There are a couple of reasons why this would benefit the player.

For one, everyone loves getting a big check rather than a weekly salary – who would turn down a piece of paper with six zeros?  As any economist will tell you, money in hand is worth more than money promised to come, and just as teams in other sports are deferring payments for this reason long into the future, having money up front is actually more valuable for the player in question.

It’s in the buyout rules that the contract really holds value though, as – hinted at by the title – these contracts are basically buyout-proof.  Under the current CBA, buyouts are calculated by taking two-thirds of the remaining salary owed, not including signing bonuses, and spreading it out over twice the remaining contract length. The new cap hit is determined by subtracting the savings from the average annual value of the deal which includes signing bonuses.

This means that if the Canucks were to want to buy out Eriksson after say, the third year of his new deal, they’ll only be saving $333K of cap hit in 2020-21, an insignificant portion of the $6MM number. That last season of $3MM is a bit better for the Canucks (they would save $2MM of his cap hit), but structuring it this way almost guarantees that Eriksson will collect at least $35MM of his deal – more than 97%. It’s just not worth it to buy him out any sooner than his final year.

Andrew Ladd, Milan Lucic, Kyle Okposo all signed deals heavily impacted by signing bonuses, protecting them against a buyout through all but the very end of their agreements.  Even Matt Martin, a career fourth liner secured a $10MM deal that is 65% bonus.  He’ll only be collecting $750K in salary in years three and four of the deal.

While this doesn’t necessarily mean trouble for clubs around the league, you can bet the owners and NHLPA will take a look at it when negotiations begin on the new CBA.  The current agreement expires in 2022, though the two sides have the option to end it a year earlier.

Just as the league has used cap recapture and contract limits to close loopholes in the past, be sure that if they want to continue to have the option to buyout bad contracts they’ll remove this option from the equation.  Creating a rule that would make signing bonuses only be able to hit a certain percentage of each season’s salary would be the easy fix, but expect push-back from the NHLPA.

Even if they do end up closing it, agents will work on another way to get their clients the best possible guarantee; they always seem to be one step ahead of the league.

Eriksson Inks Six-Year Deal With Canucks

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As had been long expected, Loui Eriksson has signed with the Vancouver Canucks on a six-year $36MM deal, as reported by Nick Kypreos. Eriksson’s deal was one of many high-profile deals reported to be done when the free agency window began. The former Bruin winger joins former Boston Assistant GM, Jim Benning, now in charge in Vancouver, and will likely play alongside fellow Swedes Daniel and Henrik Sedin on the Canucks’ top line.

Last year, Eriksson had his best campaign since before the lockout, picking up 30 goals and 33 assists with Boston while playing in all 82 games.  He also averaged 19:29 of ice time per game.

In his career, Eriksson has played in 725 career NHL games between Dallas and Boston, scoring 212 goals and 292 assists.

Free Agent Profile: Loui Eriksson

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Once Steven Stamkos was crossed off several teams’ wishlist, a name that continues to rise to the top is Loui Eriksson. The one time Dallas Star and current Boston Bruin is a 30-year-old winger who could provide a scoring punch for any team that signs him.

Eriksson is coming off a season where he had 63 points (30-33), his best season statistically since 2011-12 when he was in Dallas. Fairly or unfairly, Eriksson was seen as the lesser of the two in the deal for Tyler Seguin and his first couple seasons in Boston didn’t entirely quiet that notion. Though he had 47 points in 2014-15 (22-25),  it was a far cry from the three 30+ goal seasons Seguin produced in Dallas. Regardless, Eriksson has been a 20+ goal scorer six out of his nine NHL seasons.

Potential Suitors

After Stamkos re-signed with Tampa Bay, Eriksson had a lot of teams–possibly up to eight–kicking the tires. Vancouver, Montreal, Nashville, and San Jose are thinking about a future with the 31-year-old forward. Boston should not be counted out from re-signing him, either. The Hockey News listed Eriksson as one of the better bets to pick up during the free agent period because of his size, skill, and scoring prowess. Teams looking for scoring, Detroit and Buffalo also come to mind, may be intrigued should the bidding not get completely out of hand.

Expected Contract

PHR listed Eriksson #10 out of the top 50 free agents and had him staying with the Bruins. The predicted contract was six years, $27.5MM. While the price tag might go up due to Eriksson being one of the better goal scorers available, expect a yearly deal somewhere between $4.5-$5.25MM.

Pacific Notes: Canucks, Ducks, Coyotes

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Vancouver Canucks general manager Jim Benning found out talk isn’t so cheap after all. The NHL fined Benning $50,000 for his comments regarding Steven Stamkos and P.K. Subban reports Navin Vaswani. According to the report, NHL Deputy Commissioner Bill Daly said that Benning violated By-Law 15 for speaking about his interest in other teams’ players. Sports Illustrated’s Allan Muir writes that while the comments may seem harmless, it’s the willingness to express signing desires for “public consumption” that landed Benning a fine.

Other Pacific Division Notes:

  • The Ducks have indeed been talking with the Red Wings about Cam Fowler writes Mike Halford. The news was also reported by The Detroit Free Press’ Helene St. James. The Ducks would be a perfect trade partner for the Red Wings as they recently re-signed Sami Vatanen and could move Fowler’s reasonable contract that has a $4MM cap hit. After the Wings balked at the apparent price for Kevin Shattenkirk, which included Dylan Larkin. Fowler has also been linked with Buffalo.
  • Sarah McLellan writes that new Coyotes general manager John Chayka says that the Pavel Datsyuk contract poses no issues for the organization. Chayka indicates that he wouldn’t have made the move had it hindered the ’Yotes financially. But because Datysuk retired from the NHL, there is no payment attached to the contract. Instead, the Coyotes absorb the $7.5MM cap hit. McLellan also writes that the possibility of gaining a defenseman of Jakob Chychrun’s caliber was too good to pass up. As a result, they agreed to take on the contract. McLellan also spoke to Chayka about acquiring defenseman Anthony DeAngelo from Tampa Bay, an Arizona target for quite some time.

Free Agent Profile: Milan Lucic

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When it was announced last week that talks between Milan Lucic and the Los Angeles Kings broke down, many teams around the NHL looking for size up front and scoring cackled with glee.

Listed as the #2 free agent available by the USA Today’s Kevin Allen, Lucic is a hard nosed forward known for his scoring prowess, and ability to irritate on the ice.  Traded to the Kings prior to the 2015-16 season, Lucic had 55 points (20-35) in a 81 games, an improvement from the 44 points (18-26) he had a season’s prior in Boston. Lucic has been a 20+ goal scorer four times in his career. Last season, Lucic averaged .68 points/game

Potential Suitors

Lucic’s landing spot is anyone’s guess, though most pundits believe he’ll be tempted to go back to his hometown Vancouver where he saw tremendous success in junior hockey. The National Post reports that if Lucic were to take a discount, he would still be in Los Angeles, so the Canucks should be expected to pay a higher price for Lucic to come home.  Canucks GM Jim Benning also indicated to the Vancouver Sun that he would be making a run at Lucic. The Bruins have expressed their desire to make calls on significant free agents–which would include Lucic. Lucic had a number of great seasons with the B’s, and there is certainly more than enough cap room to get a deal done. However as CBS Boston’s Matt Kalman writes,  the Bruins dealt Lucic away because of salary cap concerns, inconsistency, and a style of play that breaks the body down sooner. Though Lucic wasn’t specifically named as someone spoken with, Detroit Red Wings general manager Ken Holland had conversations Monday with several prominent free agent targets writes Helene St. James. Lucic would be a rugged, scoring option who could help the Red Wings scoring woes. Darren Dreger tweeted that Lucic was on the Red Wings “want” list.

Finally, Scott Burnside listed the Edmonton Oilers as another potential team because of Lucic’s relationship with current Oilers GM Peter Chiarelli, who oversaw the Bruins during Lucic’s tenure with the team. Pierre LeBrun tweeted that Lucic was scheduled to meet with Edmonton officials today and wrote more about the possibility of Edmonton snagging the winger.

Expected Contract

PHR has Lucic as the #3 free agent available, fetching a 5 year/$28.75MM deal by someone in the marketplace.  PHR had him re-signing with Los Angeles, but talks broke down last week. Jim Matheson recently tweeted that the Oilers could offer upwards to $6MM/year and that it would force a trade of another forward currently on the roster. Ryan Rishaug agrees, thinking that a Lucic deal shuttles a forward to another team, possibly Taylor Hall.

If Edmonton is looking at a long term deal around $6MM, it will be interesting to see if other teams are willing to offer the same amount. Expect a deal somewhere between that $5.5MM-$6MM range.

Full List of Players Who Did Not Receive a Qualifying Offer

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The deadline to make a qualifying offer to a restrict free agent ended at 5pm today. Below is a list of players who did not receive an offer and sorted by team for easy reference. Any player that did not receive a qualifying offer is eligible to be an unrestricted free agent on July 1st.

(as of writing the Toronto Maple Leafs were the only team not to confirm which players received QOs)

Anaheim Ducks

F Matt Bailey, F Brandon Pirri, F Charles Sarault, D Kevin Gagne, and D Martin Gernat.

Arizona Coyotes

F Sergei Plotnikov, , D Philip Samuelsson, F Christian Thomas, D Kevin Connauton, D Jarred Tinordi, D Klas Dahlbeck, and G Niklas Treutle

Boston Bruins

F Landon Ferraro and F Brett Connolly.

Buffalo Sabres

F Alex Guptill, F Colin Jacobs, F Jack Nevins, and Nathan Lieuwen.

Calgary Flames

F Kenny Agostino, F Bill Arnold, F Joe Colborne, F Turner Elson, F Josh Jooris, F Drew Shore, F Bryce Van Brabant, G Joni Ortio, and Kevin Poulin.

Carolina Hurricanes

F Zach Boychuk, F Anthony Camara, F Dane Fox, F Carter Sandlak, F Justin Shugg, D Danny Biega, D Michal Jordan, D Rasmus Rissanen, and G Rasmus Tirronen.

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Snapshots: Blackhawks, Lightning, Vanek, Higgins

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The Blackhawks may no longer be in salary cap hell, but they are certainly thinner up front writes the Chicago Sun-Times Mark Lazerus. With Andrew Shaw being dealt to Montreal, both Bryan Bickell and Teuvo Teravainen off to Carolina, and Andrew Ladd hitting free agency, the Hawks have a number of open spots to shore up. While Chicago can now collectively breathe under the repressive Cap that has had them selling off parts since the summer of 2010, the casualties have come in the way of losing skill players. Lazerus has the Blackhawks possibly bringing back Brian Campbell, who could carry a $2MM/yr cap hit. Meanwhile, the bottom six forwards would look very different than the pedigree most Hawks fans are accustomed to. Lazerus lists Dale Weise and Tomas Fleischmann as potential candidates to return, while naming P.A. Parenteau or Sam Gagner as possible options to add in free agency.

In other league news:

  • The Lightning have tendered qualifying offers to Yanni Gourde, Kristers Gudlevskis, Alex Killorn, Nikita Kucherov, Tye McGinn, Vladislav Namestnikov, and Nikita Nesterov tweets Erik Eriendsson. In the meantime, general manager Steve Yzerman has a number of decisions to make as the free agency window opens on Friday. Steven Stamkos is still the top priority as teams are lining up to make their pitch. But the equally intriguing angle is what to do with goaltender Ben Bishop. Entering the final year of a contract with a $5.95MM cap hit, Bishop was reportedly working on contract specifics after the Flames were given permission to do so. That was scrapped as soon as the Flames acquired Brian Elliott from the Blues.
  • Jason Brough reports that both the Canucks and Rangers may have interest in free agent Thomas Vanek. Though Vanek would be a backup plan to the higher tier free agents, namely Milan Lucic and Loui Eriksson, he could be a decent pickup at a reasonable price for both teams seeking scoring help. Vanek had 41 points (18-23) and will see a much lower offer than the three-year/$19.5MM offer he received from Minnesota, who bought him out last week.
  • Elliotte Friedman tweets that Canucks winger Chris Higgins was placed on waivers for the purposes of being bought out. According to CapFriendly, the cap hit would be $833,333 through the 2017-18 season. CBS Sports listed Higgins as one of their buyout candidates, and the Vancouver Sun reported the Canucks actively shopping Higgins back in January. Higgins had 4 points (3-1) in 33 games last season.

Free Agent Focus: Vancouver Canucks

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When the Vancouver Canucks entered the 2015-16 season, they were coming off a 101-point season and felt as though they had another strong shot at the playoffs, with Daniel and Henrik Sedin still in the mix and up-and-coming center Bo Horvat showing he was ready for a larger NHL role.  What they got instead, was a disastrous season filled with injury and ineffectiveness, leading to a 31-38-13 record and finished ahead of only the Toronto Maple Leafs and Edmonton Oilers in league standings. This summer they’ve already started their re-tool, trading 20-year old Jared McCann to Florida for former third overall pick Erik Gudbranson. Here’s a look at what else they have to do this summer:

Key Restricted Free Agent: W Emerson Etem – After a deal that saw Etem move across the continent (for the second time), the former Ranger got into 39 games down the stretch for the Canucks.  A prolific scorer in junior – who tallied 143 goals in three seasons for the Medicine Hat Tigers, including a 61 goal effort in 2011-12 – Etem hasn’t been able to find much consistency in the NHL.

Now six years removed from being draft in the first round (29th overall), Etem has to show that he can be the offensive force he was once seen as.  Perhaps it will help that Canucks’ coach Willie Dejardins was Etem’s coach in Medicine Hat for two seasons before being hired on with the Dallas Stars.

He’s coming off a one-year deal worth $850,500 and shouldn’t cost much more than $1MM in his first season of arbitration eligibility.  With the other young forwards Horvat, Sven Baertschi and Jake Virtanen, Etem could be a long-term piece for the Canucks if he can ever reclaim that scoring touch.

Other RFAs: F Linden Vey, F Michael Zalewski, D Andrey Pedan

Key Unrestricted Free Agents: RW Radim Vrbata – While the Canucks struggle through the last few years of their now 35-year old franchise twins, another veteran is hitting the open market after a terrible season.  Vrbata seemed to have found the fountain of youth in 2014-15 after signing a two-year pact with the Canucks; he put up a career-high 63 points and broke the 30 goal mark for the second time.

This season, he lit the lamp only 13 times and collected just 27 points – his lowest mark since 2008 when he played just 18 games before heading back to his native Czech Republic to be with his pregnant wife. He’ll hit the open market as a 35-year old coming off his worst year and will probably have to settle for a one-year deal somewhere; it almost surely won’t be in Vancouver.  Vrbata was ranked 27 on our list of the top 50 free agents available this year.

D Dan Hamhuis – After another injury shortened season (this time from a gruesome slapshot to the face), Hamhuis is hitting free agency as somewhat of a risk, given his age and durability issues. While those issues may be somewhat overblown, Hamhuis isn’t going to get the big money deal he did a few years ago.

Even so, he is a strong shutdown defender when healthy and there are many teams who would love to have him in their top-4. If Hamhuis decides to take his talents elsewhere, he’ll try to catch on with a team with deep playoff aspirations as the 33-year old has only progressed past the first round once in his twelve year career.

Other UFAs: LW Ronalds Kenins, D Yannick Weber, D Matt Bartkowski

Projected Cap Room: $9.2MM, 21 players under contract.

The Canucks will continue their tear-down as they wait out the last few Sedin seasons, and look for progression from their young players. If they do sign any free agents, it would have to either be young players or cheap veterans that they’d look to deal closer to the next deadline.

We predicted them to sign both Lee Stempniak and Matt Martin, but look at other players like Sam Gagner or John-Michael Liles that fit in one of those two categories. It should be another long season for Canuck fans.

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