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George McPhee

Vegas Golden Knights “Not Squirming” As Season Approaches

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Pierre LeBrun of The Athletic spoke with Vegas Golden Knights’ GM George McPhee to ask him about the impending season and how his team is shaping up. The veteran executive is extremely pleased with how things have turned out so far, and said that there may be as many as eight spots still up for grabs in training camp. The Golden Knights have been the topic of much trade speculation in recent weeks, as they still seem to have too many defenseman to start the year. McPhee won’t be rushed into a move though, and told LeBrun that the team is “not squirming.”

The Golden Knights currently have ten defensemen on one-way contracts, plus Shea Theodore and Jake Bischoff who both could be ready for full-time duty this year. That dozen will have to be reduced by at least three, with only Theodore and Bischoff waiver-exempt. Though the Golden Knights aren’t in much danger of losing an asset—burying a contract like Clayton Stoner’s in the minors has little chance of backfiring—they still could use their position as one of power in the late stages of the preseason. Already clubs are starting to feel the pinch of injuries (just ask St. Louis, who have also lost Alex Steen for the rest of camp) and with solid NHL contributors like Brayden McNabb, Jon Merrill and Colin Miller all dressed in grey and gold, the team could still make moves for future assets.

McPhee also reveals that he’s not against extending some of his pending free agents rather than trading them, though it’s not clear which ones he would consider. Though James Neal and Jon Marchessault may be deserved of contracts, both also carry huge trade value now and throughout the season. Moving them is likely a much better move than extending them, even if the Golden Knights are better than expected this year.

Vegas Not Worried About Having Too Much Defense

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To some observers, the Vegas Golden Knights have some problems. The team has 13 defensemen on their roster, 11 with NHL experience. Yet, general manager George McPhee is not worried about the glut of defenders on his roster. While the coaches get a say, it will be McPhee who will make the final decision on who plays.

The Las Vegas Review-Journal’s David Schoen writes that the team will likely keep eight defenders on their 23-man roster, so that should give defenseman a bit of comfort room. He also writes that it looks like nine players will compete for those eight spots. Three veterans will undoubtedly make the roster in Jason Garrison, Deryk Engelland and Luca Sbisa. Expect Brayden McNabb, the physical defender from the Los Angeles Kings to get a spot on the defensive roster as well as Nate Schmidt, who just signed a new two-year deal for $4.45MM. That’s five. Colin Miller, who led the Boston Bruins in Corsi For and Goals For percentage last season, should also be in the top six.

That leaves a still a number of defensemen who will be fighting for those last two spots.

“Our defensemen can count. They know there are a lot of D here right now,” McPhee said. “We’ll just have to see how camp goes and how we proceed. To be fair, you’d like to say it’s going to be the best six guys, but we’ll see. Sometimes you have to think short term and long term in this job and do what’s best for the organization from that standpoint.”

That quote might suggest that former Anaheim Ducks’ Shea Theodore, who the team picked up in an expansion deal, might be forced to start the season for the AHL Chicago Wolves as he still has waiver options remaining. Theodore, who had a major impact for the Ducks’ defense in the playoffs last year is still just 22 years old and only has 53 games of NHL experience so far, not including the playoffs. He put up just nine points in 34 games last year, but put up eight points in 14 playoff games in an expanded role. Others who will have to fight for spot include Jon Merrill, Clayton Stoner, Griffin Reinhart and Brad Hunt.

Schoen speculates that Merrill is likely to stay with the team, which could leave Stoner out. The team picked up Stoner with Theodore in part of an expansion trade deal. The Anaheim Ducks wanted to rid themselves of Stoner’s $3.25MM contract, but the 32-year-old injury plagued defender has not played since early last season and played in just 14 games last year.

Of course, none of this speculation makes any difference if the team can make a deal. The Golden Knights, who have already traded off several defensemen since the expansion draft, could be waiting for training camps to start. They may be hoping that an injury or a lack of depth could prompt a team to trade for one of their glut of defensemen. However, for now, McPhee continues to state that he is happy to have so much depth on their blueline.

“The neat thing about this process, and I’ve tried to explain this to a number of people, it’s still a blank canvas,” McPhee said. “We’re completely open minded about what might develop. I’m open for some unknown surprises. It’s wide open, and it should be.”

Will Butcher Visits Vegas Golden Knights

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Reigning Hobey Baker award winner Will Butcher visited the Vegas Golden Knights on Tuesday according to David Schoen of the Las Vegas Review-Journal, and is still expected to take up to a week to make his decision. The Golden Knights gave Butcher a pitch on where the organization is headed, but according to GM George McPhee the 22-year old defenseman now has to “take a look at [team] facilities and understand the city a little bit to make that final decision.”

McPhee was complimentary towards Butcher’s skill set in his interview with Schoen, saying that the young defender can run a powerplay. Even with more than a dozen defenders under contract for this season, Vegas doesn’t have a pure powerplay quarterback outside of Erik Brannstrom, who won’t be playing in North America this season. While several others have the talent to do so (Nate Schmidt, Colin Miller and Shea Theodore immediately come to mind), Butcher could be offered a spot right away to play to his strengths as a sort of recruiting tactic.

Butcher’s other likely destinations are New Jersey and Buffalo where he’s been linked since becoming a free agent on August 16th, though any number of other teams could enter the sweepstakes. It’s tough to put a projection on Butcher in the NHL, as some believe he’ll fail to reach the point where he can be relied upon at both ends of the rink. That’s clearly worth the risk for the Golden Knights as they look to build instead of compete in their first year.

Senators Passed Up Chance To Unload Ryan

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One of the few players who was heavily anticipated to become a Vegas Golden Knight did not – Bobby Ryan. Despite an above-average playoff performance in the Senators’ heartbreaking Conference Final run, Ryan has vastly under-performed relative to his contract. Instead of coordinating a deal to unload that contract to Vegas, they instead lost Marc Methot, perhaps the second best defenseman on the team in that Cinderella story. Methot’s contract was not perfect, to be sure, but Ryan’s deal still looms large over the team for years.

It should be noted that Ryan has been a consistent 50+ point producer prior to this season, where he tallied only 25 through 62 contests. He’s been on pace for over 50 every year since he was a rookie. That said, his fall from grace in 2016-17was concerning and dramatic. His puck control seriously declined, his decision making faltered, and his production took a nosedive. With only 12 goals, and coming off a hot post-season, the time was ripe for GM Pierre Dorion to take advantage of Vegas’ unique situation and rid himself of a bad contract. Earning $7.25 MM AAV for the next five seasons, Ryan is the 36th highest paid forward in the league, and second-highest on the payroll behind Erik Karlsson.

For those who believe such an arrangement could not have been worked out, merely look at some of the contracts Vegas did take on. The essentially retired David Clarkson’s $5.25 MM for the next 3 seasons was shipped out at the price of a first and a 2020 second. The perennially concussed Mikhail Grabovski was dealt for a similar package, which also protected some of the Islanders’ players. Vegas also didn’t shy away from taking veteran players with value – they selected James Neal (29 years old) from Nashville as well as David Perron from the Blues (29 years old). Certainly, with a little encouragement, George McPhee might have entertained the possibility of Ryan as a Knight. The price may have been steep, but Karlsson is in the prime of his career, while many players are looking for raises in the immediate future. Clearing Ryan’s albatross off the books may have gone a long way towards building toward a consistent contender.

Ultimately, Dorion decided against unloading a bloated contract in hopes that Ryan’s post-season revival was no mirage. With the UFA crop available, it’s difficult to blame the management for doubling down on the struggling winger. Five roster players will be UFA after this season, including Craig Anderson and Kyle Turris, while Mark Stone (RFA) has earned a raise. Karlsson will then be due a raise for 2019-20, as will five other forwards. The team will need to rely upon cost-effective ELC players and bargain contracts to continue holding pace with the rest of the Atlantic division. Only time will tell whether the Ryan decision was the correct one.

Cap Haven: Vegas Golden Knights’ Ability To Eat Bad Contracts

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The Vegas Golden Knights are in a better situation now than any of the last few NHL expansion franchises. Sure, some would look at their roster and see a team that could easily finish last in the entire league, devoid of high-end talent or superstar potential; but as we’ve already discussed they had a heck of a first entry draft and are set to improve themselves again at the deadline this year. It could be a quick build for the league’s 31st franchise. David Clarkson

Following Nate Schmidt’s arbitration decision this weekend, in which the Golden Knights locked up another trade deadline asset for a reasonable price, the team currently projects to have around $5.6MM in cap space for the upcoming season. That number may not look very large, but it is actually quite deceiving. The Golden Knights have two players—David Clarkson and Mikhail Grabovski—who will never suit up for another NHL game and are destined for long-term injured reserve should the team need it. Their combined cap hit of $10.25MM would be available to the Knights if they acquired more salary, and there is where the team will really bring in the most value.

Clarkson and Grabovski are already examples of how eating a bad contract can be beneficial for a team. The Columbus Blue Jackets and New York Islanders both sent a first-round pick this year and a second-round selection in 2019 to move the contracts off the books (and decide which player would be selected in the expansion draft), leading to Vegas’ huge draft haul. Those deals are just the tip of the iceberg for what Vegas could pull off in the next few years. In July, Vegas owner Bill Foley made it clear that there was “no budget” for the club, and that they’d use financial muscle to vault them into the NHL spotlight right away.

Vegas also has eleven defensemen at the moment, and whether or not that is reduced by trade prior to the year or burying certain contracts in the minors, there is more space coming off the salary cap for the NHL team. Even a conservative estimate of an additional $3MM in created room puts the team at around $19MM in in-season cap space, a huge number they could use to their advantage. Recently we’ve looked at some of the worst contracts in the league, both in a per-point capacity and looking forward on long-term deals. Vegas is a clear landing spot for any of these under-performers.

Cody GlassThe question then, becomes whether the team believes it can truly compete in the next five years. Acquiring bad contracts is fine if you’re committed to a long rebuild, one that will be starting to turn into a competitive window as the contracts expire. But if Vegas GM George McPhee believes that the trio of Cody Glass, Nick Suzuki and Erik Brannstrom will jump start the process enough to really compete before say, Dustin Brown’s five remaining years expire then they have to be hesitant to acquire such a bad deal.

Vegas has just $11.6MM committed to active players for the 2019-20 season. Whatever you say about their decisions in the expansion draft, they’ve put themselves in a position to act as a sort of cap haven for teams around the league and stockpile young assets because of it. They already have fourteen picks in rounds 1-3 of the next three drafts, including a whopping seven selections in 2019. They’ll easily have even more than that at the end of the year, and more still the summer after that. Draft picks are like lottery tickets, but if you’re the only one playing you stand quite a good chance of winning.

Photos courtesy of USA Today Sports Images

Vegas Notes: Marchessault, Neal, Perron, Sbisa

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While it’s almost impossible to guess what the Vegas Golden Knight’s roster may look like from year-to-year for the forseeable future as general manager George McPhee has made it clear that trading for draft picks is his first and foremost goal, there are some who see trends already and, according to Sportsnet’s Luke Fox, don’t be surprised at all if forward Jon Marchessault is re-signed to a long-term deal next year.

Fox did a podcast with Las Vegas Review-Journal hockey writer Steve Carp  (podcast on website), who says that Marchessault’s familiarity with former Florida Panthers’ head coach Gerard Gallant will make him want to stay in Vegas. The 26-year-old center will be joining his fourth team and has had his ups and downs after going undrafted early in his career. Before his 30-goal breakout season last year, he had only played in 49 career NHL games. He credits some of his success to Gallant, who was his head coach before being dismissed during the season. However, now that they are reunited in Las Vegas, he may look to stay where he is wanted.

  • Carp also says that the two most valuable trade chips at next year’s trade deadline will be James Neal and David Perron. While Neal’s name comes as no surprise after putting up 54 goals in the past two years, Perron’s value is unknown. The 29-year-old wing is far from his 28-goal season back in 2013-14, but did manage to play a full season last year in St. Louis and put up 18 goals. The belief is that McPhee is hoping to get second-round picks for each player, although Carp says he probably would be willing to accept a third-rounder, if needed. The Golden Knights whose emphasis is on receiving picks between the first and third round need help for next year’s draft. After having six picks in this year’s draft (including three first-rounders), Vegas has just two for 2018, yet seven in 2019 and five picks in the first three rounds in 2020. They hope the trade deadline will net them those 2018 picks.
  • Carp adds that one other issue with having 11 defenders currently on their roster is that nine of them are left-handed. Of all the defensemen on the roster, Carp says that McPhee wants to move Luca Sbisa, who has one year left on his deal, but at $3.6MM. “He’s 27 but he’s got a lot of money [owed to him],” Carp said. “I’m not sure if George didn’t overplay his hand a little bit in taking all these defencemen thinking he could flip ’em quickly for picks.”
  • Neal is also the likely candidate to become team captain, according to Carp. While Vegas has played up Marc-Andre Fleury as the face of the franchise, goaltenders are not permitted to be “on ice” captains.
  • Don’t expect the Golden Knights to sign one of the many veteran free agent forwards, according to Carp. A veteran does not fit in with the Golden Knight’s plans of developing youth or using veterans to trade for picks since no one seems to want players like Shane Doan or Jaromir Jagr now when they are available.

Vegas Golden Knights & Trade Deadline Capital

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As we look back at the recent NHL Expansion Draft, it seems as though the Vegas Golden Knights had a very clear plan. Three tenets seem to influence most if not all of their selections. Vegas Golden Knights

  1. Leverage your opportunity to gain draft picks and young players in exchange for taking a bad contract.
  2. If unwilling to deal, take players with some value and only one or two years remaining on their contract.
  3. If no players like that exist, take a pending free agent to avoid burdening your cap.

Though some may look at this and see an obvious strategy, it is amazing how closely the Golden Knights followed it. A quick look at their CapFriendly page and you can immediately see that they avoided players who were under contract long-term in the draft, as they currently have 16 players that will be unrestricted free agents either next summer or the year after that. Their only long-term contracts are Reilly Smith, David Clarkson and Erik Haula—players they acquired in trade (the Wild gave them the chance to sign Haula)—and Cody Eakin, who is under contract for a third season.

That cap flexibility is paramount to the Golden Knights, as it was never about building through the expansion draft. Almost none of the assets gained through a direct selection should play much of an impact on the team long term, and because of it GM George McPhee will be holding court on another transaction season next year. The trade deadline should be hugely influenced by the Golden Knights, with a large number of assets on the market.

James Neal, David Perron and Jon Marchessault, arguably the three most prolific offensive weapons the Golden Knights selected in the draft are all UFAs next summer, and would each command a hefty price on the open market. Established goal scorers are moved each spring for big packages, and each of these three are no different.

Brayden McNabb and Luca Sbisa headline the pending UFAs on defense and could each fetch a solid return at the deadline, especially if given increased roles for Vegas. Even Jason Garrison could be of some interest if the team is willing to retain a portion of his already (at that point) prorated salary. Garrison will probably get some powerplay time with the Golden Knights to boost his value come the deadline.

Past the UFAs, the team also has several pending RFAs already in their mid-twenties. Colin Miller for example will turn 25 just after the season begins, and is three years away from unrestricted free agency. It’s unlikely that the team competes for a Stanley Cup while Miller remains a cheap option, meaning moving him in the next year could fetch the biggest return. As a puck-moving defensemen he should get plenty of opportunity to show off his offensive upside.

Though some players will be moved out before the season starts because of the simple fact they currently have too many, it’s not unlikely that the Golden Knights will be holding all the cards come February once again. They could easily have half a dozen players on any trade bait list, and add to the impressive number of draft picks they already own.

Odd Defenseman Out In Vegas

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Although some of this might be attributed to wishful thinking, the Edmonton Journal’s David Staples openly wonders whether Griffin Reinhart could find his way back to Edmonton. This comes only a day after Reinhart was signed to a reasonable $800,000 deal for two-years in Vegas. Staples wonders whether the excess of defense on the left side will force Vegas to place Reinhart on waivers in an attempt to send him to the AHL. He surmises, probably correctly, that GM Peter Chiarelli would take another gamble on the player if it were to get that far. It seems incredibly unlikely he would make it to Edmonton’s position in the waiver wire, however, as many worse franchises would likely place a claim. It’s even less likely that Vegas management would risk losing that sort of asset for nothing in the first place.

Reinhart is unlikely to make an Edmonton return, but it’s not totally inconceivable that he’d be the odd man out in Vegas. The team went heavy on defense in the expansion draft, and odds are that they will eventually lose someone to the waiver wire if they can’t maneuver more moves. Once Nate Schmidt is signed, they’ll have 11 defensemen on the NHL roster, and that’s if Erik Brannstrom doesn’t make the big squad. Even assuming the Golden Knights can trade two more players, they’re not likely to carry more than 8 defensemen. Someone will be sacrificed to waivers unless GM George McPhee can pull some magic before the start of the season.

The most aged players include Jason Garrison (32), who has a no-trade clause, Deryk Engelland (35), Luca Sbisa (27), and Clayton Stoner (32). Brayden McNabb, Colin Miller, Schmidt, and Shea Theodore will likely constitute the team’s future defense, and it might be difficult for Reinhart to crack that group. Brad Hunt and Jon Merrill are the least likely to attract any major attention if they were to be waived, so there is no necessity to start floundering yet. Hunt in particular would pass with almost no difficulty, as the 5’9, 28-year old defender hasn’t been overly impressive in his 33 career NHL games. Still, depending on who else is moved and whether Reinhart makes an impact at training camp, he could be seen as a non-core piece. McPhee will need to make a determination as to who will be getting major playing time, considering that at this moment things are far too crowded for the younger players to shine.

McNabb, Schmidt, and Miller seem the safest for the moment, but anything can happen. The right side has to be a concern, as only Engelland and Miller naturally play that position. As for now, we’ll have to wait and see who gets unloaded for picks and future assets, and whether they will be much difficulty in doing so. It seems unlikely that Vegas would move Reinhart, a young piece who they just re-signed, considering that if nothing else he can fill a 7th or 8th defensive position. Sbisa and Stoner seem to be the most likely to move out to a team starved for defensive depth, especially considering their contracts are each only good for one more season.

Offseason Keys: Vegas Golden Knights

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While expansion and the beginning of free agency were the early headlines in what will be a busy NHL offseason, there are still several other storylines for each team in the months to come. Here is a closer look at what still lies ahead for the Vegas Golden Knights.

It has already been a very busy offseason for Vegas who have swung 17 trades already as well as building their team via the expansion draft.  Despite that, GM George McPhee still has some work to do before the puck drops on their inaugural season.  Here are some remaining keys to their offseason.

Finish Shaping The Defense

While McPhee has trimmed down the number of blueliners since the draft down to 10 (they drafted 13), that’s still too many to work with given that the maximum roster size is 23.  At least one if not two still need to be moved out before the season gets underway.

Luca SbisaThe player that many expected to be moved is Luca Sbisa.  He was a bit of a surprise pick from Vancouver given that he carries a cap hit of $3.6MM for one more year and doesn’t appear to be in their long-term plans.  On the surface, it would appear that he was picked with the idea of flipping him but the post-expansion trade market for blueliners hasn’t exactly been robust as teams appear to be waiting McPhee out.

It’s only mid-July so there’s still plenty of time but it will be interesting to see if other teams are able to outwait McPhee and pick up someone at a bargain or if the market will pick up as more free agents come off the open market.

Build Minor League Depth

Although the Golden Knights will employ a shared minor league affiliate (with St. Louis), they’re still the primary feeder for AHL Chicago.  As things stand, they have around 15 players that are likely earmarked for the Wolves.  Even with the Blues sending some players there, that’s still not enough, especially when you consider the expectation of injuries not to mention the anticipated trades in-season for the nine pending unrestricted free agents that they currently have.

Though many of the top two-way free agents off the market now, there are still enough of them out there for McPhee to add a few more to the fold.  Alternatively, they could pick those players up via trades for some of the blueliners they’re likely going to be trading over the next couple of months.  It’s not a pressing need but they would be wise to set themselves up with more depth before the season gets underway.

Rent Their Space

As a result of dealing away players like Marc Methot and Alexei Emelin after the Expansion Draft plus the acquisition of LTIR-eligible David Clarkson and Mikhail Grabovski, Vegas will have plenty of wiggle room when it comes to the salary cap – about $8.6MM per CapFriendly as things currently stand.  The big names are pretty much gone in free agency but there are certainly teams that are still looking to free up cap space and the Golden Knights could conceivably swing another move or two to add some assets that way.  It wouldn’t be to the extreme of getting a top prospect or a first rounder but given that they’re not expected to contend right away, it would still be worth doing.

The other space they have is contract room.  Teams are permitted a maximum of 50 contracts and as a result of not having a full complement of minor league players, the Golden Knights sit well under the limit at 37 (although that will jump to 40 when their RFAs sign).  No team is at the maximum already but quite a few project to be within two or three of that limit when the season gets underway.  Some of those teams will want the flexibility to make in-season additions (or even sign college UFAs late in the year) which would give Vegas a chance to build some depth and add perhaps a pick or two if they use their contract slots that way.  They’re still at a spot where they will want to add as many assets as possible and this is another method that they can do so.

Photo courtesy of USA Today Sports Images.

Vegas Still Has To Deal Multiple Defensemen

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The Vegas Golden Knights still have a lot of work left for them as the offseason continues. The team was heavily commended for focusing on drafting defense in the expansion draft several weeks ago and from there flipping those players for picks as Golden Knights general manager George McPhee has stated numerous times that they are building for the next five years. The team has stockpiled a large number of draft picks since then and still have a number of players to trade, whether that will be now or at the trade deadline next season.

However, they seem to have one issue that they must address before the season starts. Despite trading a bunch of defenseman for picks, the team still has a surplus of defensemen on its roster and the market is beginning to dry up. The team has already traded Trevor van Riemsdyk to Carolina, David Schlemko to Montreal and Marc Methot to Dallas for picks. Just last week, the team moved Alexei Emelin to Nashville, but they had to retain $1.1MM of his salary in order to make the deal work.

The team currently has 11 defensemen with NHL experience on its roster, which is about four or five defensemen too many. The team has made it clear that it doesn’t want to trade its young defensemen, so it’s the veterans they want to trade. The last thing the Golden Knights want to do is be forced to play veterans like Jason Garrison, Clayton Stoner and Luca Sbisa over their younger, but more than ready defensemen. The problem is that Garrison, Stoner and Sbisi are struggling players on expensive contracts. While all three players have only one year on their contracts remaining, Garrison will get $4.6MM, Stoner receives $3.25MM and Sbisi will make $3.6MM next season.

Garrison, 32, has lost a step and found himself being demoted to the bottom of the Tampa Bay Lightning’s depth chart. His salary forced Tampa Bay to offer Vegas two draft picks and Russian prospect Nikita Gusev to take him in the expansion draft. Stoner has dealt with numerous injuries in the last few years and Anaheim had to offer Shea Theodore to make Vegas take Stoner, but after playing just 14 games for the Ducks last year and a declining game, who would want him and that salary? Sbisi is just 27, but he struggled with Vancouver and with his salary may not have much trade value either, but he might be their best hope to make a deal.

The point, of course, is that Vegas will want to play their young defensemen like Theodore, Nate Schmidt, Colin Miller, Brayden McNabb, Jonathon Merrill and maybe even Griffin Reinhart. So, the team must do something to avoid the logjam. There are other options as well. Like Emelin, they could retain some of these players’ salaries in hopes a team would take some of them off their hands. They could wait till training camp and watch for teams that still have holes or suffer injuries that need filling. Another option would be to buy them out or even just sit them in favor of their younger players. However, one would hope Vegas has a plan in place.

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