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Canucks Notes: Pettersson, Draft, Pearson

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During a press availability earlier today, the general manager of the Vancouver Canucks, Patrik Allvin, spoke with the media about a wide range of topics, including injury reports, extensions, the draft, etc. Although the Canucks have plenty of roster reconstruction to take care of this offseason, keeping their most important player is another vital issue at hand.

Elias Pettersson, who just finished the best season of his young career with 39 goals and 63 assists, will be eligible for a contract extension in a few short days. At his age and the talent he brings to the Canucks organization, it is reasonable to assume that Pettersson’s next contract may be $80MM over eight years if not more.

Surprisingly, during the media availability, Allvin appeared very calm about a possible extension for Petterson, saying, “We’re going to sit down when the time is right. There is no rush” (Tweet Link). With plenty of roster turnover expected this summer, the extension for Petterson should be top of mind for the Canucks. Along with Quinn Hughes, Pettersson is a main building block that Vancouver is expected to build around. Without a long-term extension in place with him, it will be difficult for Vancouver to cultivate a long-term plan around him this offseason, if they do acquire outside talent.

Other notes:

  • Already sitting with the 11th pick in the 2023 NHL Draft, it does not sound like Allvin is satisfied with their current positioning. In the same meeting with the press, Allvin said, “I’m looking at options to trade up, if that’s an option” (Tweet Link). Unfortunately, it is unlikely that any teams in the top seven of this year’s draft would be willing to trade down. With reasonable expectations, the Washington Capitals (eighth), Detroit Red Wings (ninth), and St.Louis Blues (10th) seem the most likely group above Vancouver to make a trade, but even that should be considered a low probability.
  • Lastly, on the injury front, Allvin did say that forward Tanner Pearson should be fully healed from wrist surgery by the end of summer, and be fully expected to join the team for training camp (Tweet Link). On long-term injured reserve for much of last season, his activation would mean his $3.25MM would go back on the books, tightening the Canucks’ cap space even further.

Oliver Ekman-Larsson Receiving Immediate Interest After Buyout

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  • It doesn’t appear defenseman Oliver Ekman-Larsson will be without a home for long. After getting bought out by the Vancouver Canucks last week, Ekman-Larsson’s agent, Kevin Epp, tell’s CHEK’s Rick Dhaliwal that upwards of 10 teams have shown interest in bringing him on, including some contending teams. One team that immediately jumps out as a natural fit for a veteran defenseman on a cheap deal needing some reduced minutes to be successful is the Tampa Bay Lightning. He’d sit on the third pairing behind Victor Hedman and Mikhail Sergachev on their depth chart, and Ekman-Larsson’s situation isn’t all too dissimilar to that of Kevin Shattenkirk a few seasons ago.

Canucks Might Not Qualify Bear, Pearson Has Had Seven Surgeries Now

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  • With Ethan Bear needing shoulder surgery, it is no longer a guarantee that the Canucks will tender the blueliner a qualifying offer next week, reports CHEK’s Rick Dhaliwal (Twitter link). Bear is owed a $2.3MM qualifier but is set to miss at least the first couple of months of the season.  With cap space still at somewhat of a premium for Vancouver, that might be too high of a price tag for their liking.  Meanwhile, Dhaliwal adds that the Canucks are working on a new contract for pending UFA defenseman Noah Juulsen and have reached out with an offer to pending UFA rearguard Kyle Burroughs.  As for goalie Collin Delia, the door isn’t closed on a return but the odds of him re-signing appear to be dropping.

Canucks Notes: Soucy, Martinez, Lucic

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The Vancouver Canucks will surely weaponize some cap space when free agency opens after buying out Oliver Ekman-Larsson late last week, and they’ll likely have upwards of $10MM to play with, given their potential for long-term injured reserve relief. One name the team could pursue if he hits the open market is Seattle Kraken defenseman Carson Soucy, who CHEK’s Rick Dhaliwal believes the Canucks have an interest in.

Soucy’s gained a reputation as a reliable defensive option further down the depth chart and brings 250 games of NHL experience split between the Kraken and Minnesota Wild. The 28-year-old registered three goals and 16 points in 78 games this year, marking his worst full-time campaign offensively, but he still managed strong defensive play at even strength and on the penalty kill. He’ll undoubtedly command upwards of $2MM on a multi-year contract, but he’s the type of value player the Canucks need to address a long-standing weakness – especially with their newfound cap space.

Other rumblings around the Canucks today:

  • The Athletic’s Thomas Drance and Harman Dayal listed Vegas Golden Knights defenseman Alec Martinez as Vancouver’s top trade target this offseason, should they decide to add to their roster outside of free agency. Martinez is getting up there in age at 35 years old but has just one year left at a relatively affordable $5.25MM cap hit. With Vegas boasting substantial defensive depth and needing additional flexibility to attempt to re-sign Ivan Barbashev, a move to the Canucks could make sense for all parties involved. A left-shot defender, Martinez would essentially replace (and massively upgrade) Ekman-Larsson’s vacated spot on the team at a lesser cap hit.
  • Dhaliwal also reported this morning the Canucks are considering making a pitch for veteran power forward Milan Lucic in free agency, as the winger will reportedly be hitting the open market on July 1 and won’t re-sign with the Calgary Flames. Lucic has long been linked to his hometown of Vancouver and could now finally make some sense for the team, given a cap hit that’s likely to be close to the league minimum. The 35-year-old scored a career-low 19 points in 77 games as a Flame in a fourth-line role last year and is coming off a massive seven-year, $42MM contract signed with the Edmonton Oilers back in 2016.

Vancouver Canucks Were "Seeking Flexibility" With Ekman-Larsson Buyout

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  • After using a massive buyout on defenseman Oliver Ekman-Larsson, the Canucks are still undecided on how they want to use their newfound cap space, says Sportsnet’s Elliotte Friedman. Speaking on CHEK TV’s Donnie and Dhali show, Friedman reports the Canucks were simply seeking flexibility with the buyout and are looking to upgrade every skater position. The team has at least $6.4MM of space to work with this offseason, per CapFriendly, which could end up being as high as the $15MM neighborhood depending on the injury and contract statuses of forward Tanner Pearson and defensemen Ethan Bear and Tucker Poolman.

Latest On Canucks Draft Strategy

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As we get closer and closer to the 2023 NHL draft, more teams are putting the finishing touches on their draft lists and preparing the strategies they’ll take into next week’s hugely important event. One of the teams with a lot on the line is the Vancouver Canucks, who pick eleventh and are looking to add to their pipeline of young talent. The Athletic’s Thomas Drance wrote today that he’s “heard throughout the draft preparation process that positional need” will “loom large in Vancouver’s consideration” as they finalize their final draft list. (subscription link) The positions of need, according to Drance, are at center and at right-handed defenseman.

Drance also named several prospects he has “been hearing that the organization is high on” entering the draft, and are under consideration for the team’s top pick at #11 overall. Those players are WHL center Nate Danielson, Slovakian pivot Dalibor Dvorsky, Swedish right-shot blueliner Tom Willander, and OHL winger Colby Barlow. Three of those four prospects are centers or right-shot defensemen, so it does seem quite likely that the Canucks will end up spending their top pick on a player of either of those positions, though there is obviously room for a surprise selection just like at any NHL draft.

Could Ekman-Larsson's Buyout Affect Vancouver's Draft Strategy?

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  • Following their buyout of Oliver Ekman-Larsson, Thomas Drance of The Athletic suggests (subscription link) that the move could impact Vancouver’s upcoming first-round pick. In order for the Canucks to get through the tough years of the buyout (2025-26 and 2026-27), they’re going to need some value contracts on the books.  Vancouver has the 11th-overall pick in the draft later this month and if they’re able to get someone that projects to be NHL-ready within two seasons, that would help ease the burden of the higher buyout cost.  It also might make them disinclined to consider trading down or out for win-now help that won’t be around (or as affordable) two years from now.

Canucks And Ethan Bear Discussing Contract Extension

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  • Rick Dhaliwal of CHEK TV tweeted today that it appears the Vancouver Canucks have had discussions with defenseman Ethan Bear’s representatives about several contract possibilities. The tweet comes on the heels of a conversation with Bear’s agent Jason Davidson who said that they’ve discussed several options, but a one-year deal may be the way to go for the 25-year-old. It’s an interesting idea from Bear’s camp given that the defender is out until December after undergoing shoulder surgery this week. Bear is a year away from unrestricted free agency and the allure of picking his long term destination may be worth the roll of the dice.

Vancouver Canucks Buy Out Oliver Ekman-Larsson

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The Vancouver Canucks have made the first buyout of the summer, announcing that they have bought out defenseman Oliver Ekman-Larsson. Ekman-Larsson had four years left on an eight-year $66MM contract he signed with the Arizona Coyotes in July of 2018, but with the buyout it will allow the 31-year-old to become an unrestricted free agent where he will be free to start fresh with any team he chooses. Ekman-Larsson posted two goals and 20 assists this past season in 54 games with the Canucks while averaging 20 minutes of ice time a night.

Vancouver will free up some desperately needed cap space as they head into a summer where they will be trying to sign star forward Elias Pettersson to a long-term contract extension. The Canucks will save $7.1MM in cap space this season with the buyout and $4.9MM next year. They will save $2.5MM the two years after that and then have a cap charge of $2.13MM for four years.

While it is an expensive penalty to pay, it was a necessary move for the Canucks. Ekman-Larsson’s play has fallen off a cliff in recent years as the once elite defender has struggled since the 2019-20 season. There was a time when it was a given that he would play 25 minutes a night, put up 40-50 points a season and post terrific underlying numbers. But those days are long gone and his play as of late is more in line with that of a third pairing defenseman. The Karlskrona, Sweden native hasn’t posted 30 points since the 2019-20 season and hasn’t posted much in the way of positive analytics since that time.

Ekman-Larsson’s fall from elite status is surprising, but the buyout may not be the worst thing in the world for him. His salary forced him to play up in the lineup in a spot that was probably asking too much given where his skillset is at. With the buyout he could find a situation where he is paid like a 5-6 defenseman and deployed like one too. This could ultimately lead to a bit of a resurgence for Ekman-Larsson. However, if another team offers to pay him like a 3-4 defenseman based on name recognition, they may be disappointed with the results that they see, not unlike the Ryan Suter situation with the Dallas Stars.

Sportsnet’s Elliotte Friedman was the first to report the buyout.

Ethan Bear Undergoes Shoulder Surgery, Out 6 Months

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After a few weeks of mulling, the Vancouver Canucks and defenseman Ethan Bear have made a decision on how to move forward from a shoulder injury sustained while playing at the 2023 IIHF Men’s World Championships. Bear underwent successful surgery and is expected to miss six months, the Canucks said today.

Bear is now on track to make his 2023-24 season debut before the Christmas break in the NHL schedule and could miss around the first 30 games of the season based on a six-month timeline from today. The 25-year-old right-shot defender is a pending restricted free agent and remains without a contract for next year.

In his first year with the Canucks, Bear totaled 16 points in 61 games and posted excellent possession numbers while seeing his ice time increase to its highest level in three seasons. He’s expected to challenge for a top-four role next season, with his competitor, Tyler Myers, potentially on his way out of town if Vancouver can find a taker for the last season of his $6MM average annual value contract.

Bear was one of Vancouver’s highest upside options at right defense before the team unexpectedly acquired Filip Hronek from the Detroit Red Wings near the trade deadline. While a healthy Hronek next year will add some much-needed top-four caliber depth to the Canucks blueline, Bear is still an important defensive cog for a team that struggles to keep the puck out of their own net. He’ll be missed to start the 2023-24 campaign.

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